Stockwinners Market Radar for June 08, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
AMAT | Hot Stocks20:16 EDT Applied Materials CEO sells 115.3K shares of common stock - In a regulatory filing, Applied Materials disclosed that its CEO Gary Dickerson sold 115.3K shares of common stock on June 4th in a total transaction size of $16.1M, reducing his stake by about 5%.
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MITK | Hot Stocks19:31 EDT Mitek Systems names Frank Teruel as new CFO - Mitek Systems "announced the appointment of Susan Repo to its board of directors and Frank Teruel to its leadership team as CFO. Susan Repo, currently the chief financial officer at ICEYE, a New Space earth observation technology company enabling access to real-time imagery from space to empower better decision making in governmental and commercial industries from its own constellation of synthetic aperture radar satellites, will join Mitek's board of directors effective immediately. Additionally, Frank Teruel will be joining Mitek as CFO and senior vice president effective July 16, 2021. Teruel will succeed Jeff Davison, who announced his retirement earlier this year. Teruel was previously the chief operating officer of ADARA, a global leader in predictive consumer intelligence through its permissioned data and verified identity platform".
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PFE | Hot Stocks19:13 EDT Pfizer says FDA approves Prevnar 20 - Pfizer announce that the U.S. Food and Drug Administration has approved PREVNAR 20 for the prevention of invasive disease and pneumonia caused by the 20 Streptococcus pneumoniae serotypes in the vaccine in adults ages 18 years and older. Following today's FDA approval, the U.S. Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices is expected to meet in October to discuss and update recommendations on the safe and appropriate use of pneumococcal vaccines in adults. "Today's approval of PREVNAR 20 marks a significant step forward in our ongoing fight to help address the burden of pneumococcal disease, including pneumonia in adults, and broadens global protection against more disease-causing serotypes than any other pneumococcal conjugate vaccines," said Kathrin U. Jansen, Ph.D., Senior Vice President and Head of Vaccine Research & Development, Pfizer. "With a single injection, PREVNAR 20 provides adults with strong and meaningful protection against serotypes responsible for the majority of circulating pneumococcal disease around the world."
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PFE | Hot Stocks19:13 EDT Pfizer says FDA approves Prevnar - Pfizer announce that the U.S. Food and Drug Administration has approved PREVNAR 20 for the prevention of invasive disease and pneumonia caused by the 20 Streptococcus pneumoniae serotypes in the vaccine in adults ages 18 years and older. Following today's FDA approval, the U.S. Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices is expected to meet in October to discuss and update recommendations on the safe and appropriate use of pneumococcal vaccines in adults. "Today's approval of PREVNAR 20 marks a significant step forward in our ongoing fight to help address the burden of pneumococcal disease, including pneumonia in adults, and broadens global protection against more disease-causing serotypes than any other pneumococcal conjugate vaccines," said Kathrin U. Jansen, Ph.D., Senior Vice President and Head of Vaccine Research & Development, Pfizer. "With a single injection, PREVNAR 20 provides adults with strong and meaningful protection against serotypes responsible for the majority of circulating pneumococcal disease around the world."
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THO | Hot Stocks18:36 EDT Thor Industries CEO: We have backlogs that are full of retail orders - In an interview on CNBC's Mad Money, Bob Martin said, "We never saw Thor as a Covid play." The U.S. market is 80% towable which is the majority of what Thor makes, he added. Europe is as strong as the U.S. right now, Martin noted. "We want people to buy entry level RV's and trade up every three to five years," he said.
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ATVI | Hot Stocks18:25 EDT Activision Blizzard CEO: We have a maniacal focus on customers - In an interview on CNBC's Mad Money, Bobby Kotick said Activision Blizzard is very focused on its customers in order to bring them the best content possible. The games are more social now than previously, and that has made them more popular and engaging, he added. "I don't come to work for the compensation. It was very easy for me to take a pay cut," he said.
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ARNA | Hot Stocks17:57 EDT Arena Pharmaceuticals gets FDA Orphan Drug Designation in EoE treatment - Arena Pharmaceuticals announced it has received FDA Orphan Drug Designation for Etrasimod L-arginine in treatment of Eosinophilic Esophagitis, or EoE. Reference Link
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EGHT | Hot Stocks17:53 EDT 8x8 CEO buys 43K shares of common stock - In a regulatory filing, 8x8 disclosed that its CEO David Sipes bought 43K shares of common stock on June 7th in a total transaction size of $1.0M, boosting his stake by about 9%. Shares of 8x8 are up by over 4% at $24.97 after-hours.
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WFG | Hot Stocks17:52 EDT West Fraser Timber raises quarterly dividend to C$0.25 from C$0.20 per share - The Board of Directors of the company has declared a quarterly dividend of C$0.25 per share on the Common shares and the Class B Common shares in the capital of the company, payable on July 6 to shareholders of record on June 21. This is an increase from the previous quarterly dividend of C$0.20 per share.
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WFG | Hot Stocks17:48 EDT TSX accepts West Fraser Timber's notice to increase shares buyback program - The Toronto Stock Exchange, or TSX, has accepted a notice filed by the Company of its intention to amend its current normal course issuer bid, or NCIB, to increase the authorization to purchase up to 9,582,470 of its Shares. This is an increase from the current NCIB authorization of 6,044,000 Shares. The amendments to the NCIB will become effective on June 11. The amended TSX notice authorizes the Company to purchase, during the 12-month period commencing February 17, 2021 and ending February 16, 2022, an additional 3,538,470 Shares of the Company representing in the aggregate 10% of the public float as at February 8, 2021. Under its current NCIB, as of June 7 the Company has purchased 3,859,039 Shares at an average price of $88.08 per Share, resulting in 5,723,431 Shares remaining available for purchase under the amended NCIB.
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WFG | Hot Stocks17:44 EDT West Fraser Timber increases dividend to 25c from 20c in the previous quarter - West Fraser Timber has declared a quarterly dividend of C25c per share on the Common shares and the Class B Common shares in the capital of the Company, payable on July 6 to shareholders of record on June 21. This is an increase from the previous quarterly dividend of C20c per share.
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SFBS | Hot Stocks17:43 EDT ServisFirst to transfer stock listing to NYSE from Nasdaq - ServisFirst Bancshares, Inc. announced that it is transferring the listing of its common stock to the New York Stock Exchange from The NASDAQ Global Select Market. ServisFirst Bancshares's common stock will begin trading on the NYSE on June 21, 2021 under its current ticker symbol of 'SFBS'. ServisFirst Bancshares will continue to trade its common stock on NASDAQ until the close of the market on June 18, 2021. "ServisFirst Bancshares is pleased to join the NYSE, the global leader in listings with many of the world's most well-established companies, to continue to provide long term value for our customers and shareholders," stated Tom Broughton, ServisFirst Bancshares Chairman, President and CEO.
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EVA | Hot Stocks17:38 EDT Enviva director Bumgarner buys nearly 33,000 common units - In a regulatory filing, Enviva Partners director John Bumgarner disclosed the purchase of 32,967 common units of the company on June 8 at a price of $45.50 per share.
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OVV | Hot Stocks17:18 EDT Ovintiv CEO Doug Suttles to retire, Brendan McCracken to succeed - Ovintiv CEO Doug Suttles announced he will retire effective August 1. Ovintiv's board of directors has named Brendan McCracken as president and CEO and elected him to the board effective August 1. McCracken began his career with the company nearly 25 years ago. Most recently, he served Ovintiv as president. He has led a range of functions across the business, including strategy, external affairs and operations.
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LMT | Hot Stocks17:12 EDT Lockheed Martin awarded $137.68M Navy contract modification - Lockheed Martin was awarded a $137.68M modification to a previously awarded firm-fixed-price contract. This modification adds scope to provide continued support services, including program management, non-recurring unique requirements, and training in support of increment five integration of Foreign Military Sales, or FMS, customers into the F-35 Lightning II Joint Strike Fighter program. Work will be performed in Fort Worth, Texas and in undisclosed locations outside the continental U.S, and is expected to be completed in July. FMS funds in the amount of $137.68M will be obligated at time of award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command is the contracting activity.
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TTEC | Hot Stocks17:08 EDT TTEC Holdings director Frerichs sells $650K in shares - TTEC Holdings director Robert Frerichs disclosed in a filing tha the had sold 5,908 shares of company stock at $110 per share, on June 7 for a total transaction amount of $649,880.
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CASY | Hot Stocks17:07 EDT Casey's General Stores reports Q1 grocery / other merchandise SSS up 12.5% - Reports Q1 prepared foods / fountain SSS up 13.4%
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CASY | Hot Stocks17:06 EDT Casey's General Stores reports Q1 fuel same-store gallons sold up 6.4% - Reports Q1 Inside same-store sales up 12.8% and inside gross margin up 100bps at 39.9%.
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LH... | Hot Stocks16:45 EDT Labcorp: Pixel by LabCorp COVID-19 PCR test available in Walgreens - Labcorp (LH) announced that Pixel by Labcorp COVID-19 PCR Test Home Collection Kits are now in 6,000 Walgreens (WBA) stores nationwide and through Walgreens collaborations with on-demand delivery services DoorDash (DASH) and Instacart. The newly expanded availability and delivery option advances Walgreens and Labcorp's efforts to increase COVID-19 testing access in communities across the U.S., especially in underserved areas. Customers will be able to purchase the Pixel by Labcorp COVID-19 PCR Test Home Collection Kit at the pharmacy counter without a prescription, or they can order it for delivery through DoorDash and Instacart.
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LH... | Hot Stocks16:40 EDT Pixel by LabCorp PCR test available in Walgreens, DoorDash and Instacart - Labcorp (LH) announced that Pixel by Labcorp COVID-19 PCR Test Home Collection Kits are now in 6,000 Walgreens (WBA) stores nationwide and through Walgreens collaborations with on-demand delivery services DoorDash (DASH) and Instacart. The newly expanded availability and delivery option advances Walgreens and Labcorp's efforts to increase COVID-19 testing access in communities across the U.S., especially in underserved areas. Customers will be able to purchase the Pixel by Labcorp COVID-19 PCR Test Home Collection Kit at the pharmacy counter without a prescription, or they can order it for delivery through DoorDash and Instacart.
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LYRA | Hot Stocks16:35 EDT Lyra, FDA establish Phase 3 primary endpoint for LYR-210 trial in EOP2 meeting - Lyra Therapeutics announced the outcome of an End-of-Phase 2, or EOP2, meeting with the FDA for LYR-210, its lead candidate for the treatment of chronic rhinosinusitis, or CRS. Lyra and the FDA established key elements of the Phase 3 program to support a 505 new drug application for LYR-210 for the treatment of CRS. The single primary endpoint will evaluate improvement at week 24 using a composite score of three cardinal symptoms of CRS: nasal blockage, nasal discharge, and facial pain. Based on the FDA's suggestion, Lyra intends to enroll a total of approximately 350 subjects split into two replicate, largely concurrent Phase 3 clinical trials, each powered to greater than 95% to detect statistical significance. Both studies will evaluate a 7500 microgram dose of LYR-210, and additional clinical aspects of the studies will also be the same. This Phase 3 program provides the opportunity for an earlier read-out in one study, and the flexibility to potentially include patients from recently-licensed territory in Asia in the second study, without materially increasing the estimated cost or duration of the pivotal program overall. Additional outcomes from the EOP2 meeting include that Lyra's pharmacokinetic data and previously conducted non-clinical studies support a 505 pathway, and that the company's CMC specifications and stability plans are sufficient to move forward.
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SONN | Hot Stocks16:31 EDT Sonnet BioTherapeutics issues U.S. patent for platform technology - The company states: "Sonnet BioTherapeutics announced that the United States Patent and Trademark Office has issued U.S. Patent No. 11,028,166 entitled, "Albumin Domain Fusion Proteins". The patent covers Sonnet's Fully Human Albumin Binding technology and includes therapeutic fusion proteins that utilize FHAB for tumor targeting and retention and provide extended pharmacokinetics (PK), and the patent carries a term effective until March 2039."
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HII | Hot Stocks16:31 EDT Huntington Ingalls unit wins contract with potential value of $724M - Huntington Ingalls announced that its Ingalls Shipbuilding division has been awarded a contract with a potential total value of $724M for planning yard services in support of in-service amphibious ships. Planning yard services provided will be in support of amphibious transport dock (LPD 17), assault (LHD 1 and LHA 6), command (LCC 19), and dock landing (LSD 41/49) classes of ships. The contract includes options over a seven-year period and covers fleet modernization availability planning; engineering, design and logistics support; material procurement; program and configuration data management; and on-site technical support through established homeport and planning yard offices and resources.
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VAL CVX | Hot Stocks16:31 EDT Valaries announces floater contract award from Chevron - Valaris Limited (VAL) announced that it has been awarded a three-year contract with Chevron (CVX) in the U.S. Gulf of Mexico for drillship, VALARIS DS-18. The contract is expected to commence in the first quarter of 2022 in direct continuation of the current contract.
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PATH | Hot Stocks16:25 EDT UiPath falls about 9% to $69.29 after Q1 results
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OUST | Hot Stocks16:24 EDT Ouster signs strategic customer agreement with PARIFEX - Ouster announced that it has signed a strategic customer agreement with PARIFEX, a leading solution provider in project management for smart cities, to deploy Ouster's OS1 sensors on speed enforcement and data collection systems in France. Ouster has agreed be the exclusive lidar supplier for PARIFEX's ETU Project for the deployment and maintenance of mobile and fixed urban speed lidar enforcement systems in Northern France, with a potential supply demand of 500 sensors through 2025. PARIFEX offers the only approved lidar based system for speed measurement and control in the country.
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SGMS | Hot Stocks16:21 EDT Scientific Games extends contract with New Hampshire Lottery - Scientific Games announces the New Hampshire Lottery has extended its current contract with Scientific Games for six years with the addition of the Scientific Games Enhanced Partnership program to create maximum funding for educational programs in the state. Through the new partnership, the company will provide the New Hampshire Lottery with world-leading instant game design and portfolio management services, as well as technology-driven analytics and insights, game manufacturing, advanced logistics, technologies to support inventory management and distribution, and services for 1,250 retailers throughout the state. The contract extension also includes Scientific Games sales force performance management software, gem Intelligence.
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WOR | Hot Stocks16:21 EDT Worthington acquires Shiloh's U.S. BlankLight business for $105M - Worthington Industries announced the acquisition of certain assets of Shiloh Industries' U.S. BlankLight business, a leading provider of laser welded solutions that deliver material savings, weight and cost reductions and increased fuel efficiency to the mobility market. The acquisition expands the capacity and capabilities of Worthington's laser welded products joint venture, TWB Company, LLC, with the addition of three facilities and adds a blanking facility to its Steel Processing business. "The demand for tailor welded blanks and lightweighting technology is growing and the acquisition of these Shiloh assets allows us to support that growth while adding new capabilities," said Worthington Industries Executive Vice President and COO Geoff Gilmore. "Shiloh's BlankLight expertise in curvilinear and aluminum welded blanks adds to TWB's wide range of tailor welded products, creating more value and innovation for our customers." Gilmore added, "It also broadens our relationships with key automotive customers and expands the geographic reach of our Steel Processing business through an additional blanking operation." The transaction adds approximately 200 employees and four facilities located in Bowling Green, Ky., Canton, Mich. and two in Valley City, Ohio. TWB will operate the laser welded blank facilities in Ohio and Michigan. The Kentucky facility will operate under Worthington's Steel Processing business, expanding the blanking services currently provided from its Monroe, Ohio and Porter, Ind. facilities. The purchase price was approximately $105M, subject to closing adjustments. In calendar year 2020, the acquired assets generated
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BKD | Hot Stocks16:21 EDT Brookdale Senior Living reports May occupancy up 60% sequentially - Brookdale Senior Living reported its consolidated occupancy for May. May 2021 Observations: May's month-end occupancy percentage is better than the year-end 2020 occupancy percentage; sequentially, the weighted average occupancy percentage increased approximately 60 basis points. The company said, "We expect to continue to publish monthly occupancy until we return to providing financial guidance, at which point we would expect to return to our historical reporting practices."
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GHVI | Hot Stocks16:19 EDT Matterport's 3D technology selected by Jellis Craig Stonnington - Matterport, which has entered into a definitive agreement to enter into a business combination with Gores Holdings VI (GHVI), announced that one of Australia's leading realtors for sought-after Melbourne real estate, Jellis Craig Stonnington, is accelerating its use of Matterport 3D technology to power and differentiate its high-end property listings with more authentic and immersive real estate experiences for customers. Using Matterport, Jellis Craig Stonnington reduced its annual operating expenses by nearly AUD$200,000, achieved significant sales conversions, and leased 80 properties sight-unseen during a three-month period.
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GSL | Hot Stocks16:18 EDT Global Ship Lease announces agreement to acquire 12 containerships - Global Ship Lease announced that it has agreed to purchase 12 containerships from Borealis Finance with an average size of approximately 3,000 TEU and a weighted average age of 11 years for an aggregate purchase price of $233.9M The ships are all on charter with leading liner operators, with remaining charter durations of three to 25 months. With these additions, the Company's fleet will comprise 62 containerships with a total capacity of 322,770 TEU, making Global Ship Lease the eighth largest non-operating owner of containerships by TEU capacity. The 12 vessels are scheduled for delivery during the third quarter of 2021. The Company expects to fund the purchase price with cash on hand, the proceeds of new bank debt, and the issuance of $35M of its existing 8.00% Senior Unsecured Notes to the sellers. Based on the existing charters and assuming renewals at current market rates for the four charters that come open prior to mid-2022, the newly acquired ships are expected to contribute approximately $60.5M of Adjusted EBITDA in the first 12 months. This represents an increase of approximately 36% on Adjusted EBITDA for the 12 months ended March 31, 2021 and implies a strongly accretive Purchase Price / Annual Adjusted EBITDA multiple of approximately 3.9 times. The ships are anticipated to add approximately $1.09 of earnings per share in the first 12 months, based on today's outstanding share count, today's LIBOR, and other assumptions, representing an increase of approximately 70% compared to Adjusted earnings per share for the 12 months ended March 31.
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CNS | Hot Stocks16:16 EDT Cohen & Steers reports preliminary AUM $94.2B as of May 31 - An increase of $1.4B from assets under management at April 30. The increase was due to net inflows of $760M and market appreciation of $815M, partially offset by distributions of $201M.
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IAC ANGI | Hot Stocks16:15 EDT IAC announces departure of CFO Glenn Schiffman and succession plan - IAC (IAC) announced that Executive Vice President and CFO Glenn H. Schiffman will depart the company to pursue a new opportunity following a couple months of a transitional period. IAC has initiated a search for a permanent replacement. In the interim, IAC's talented and long-time financial executive leadership team, including Senior Vice President and Controller Michael Schwerdtman, Senior Vice President, Finance and Investor Relations Mark Schneider, and Senior Vice President and Treasurer Nick Stoumpas, will report directly to IAC CEO Joey Levin and continue to oversee key financial functions at both IAC and Angi (ANGI). Schiffman will remain on the Angi Board of Directors.
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RIDE | Hot Stocks16:14 EDT Lordstown extends decline, down 9% to $10.19 after RBC puts $5 target on shares
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SHW | Hot Stocks16:13 EDT Sherwin-Williams CEO says 'we outperformed expectations in the first quarter' - "We outperformed expectations in the first quarter, and sales in The Americas Group and Performance Coatings Group have been stronger than expected in the second quarter," said Chairman, President and CEO, John Morikis. "Demand remains strong in our architectural end markets, led by residential repaint and new residential, with continued improvement in commercial and property management. Demand is also strong on the industrial side of our business and is recovering faster than expected. At the same time, the raw material inflation we experienced in the first quarter has continued in the second quarter. We have great confidence we will offset these higher costs, and we are implementing additional price increases across all our segments, including a 7% August 1st price increase in The Americas Group. We now expect our full year 2021 adjusted diluted net income per share to increase 13.6% at the midpoint of the range compared to the prior year."
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PATH | Hot Stocks16:13 EDT UiPath sees FY22 ARR $850M-$855M
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TMDX | Hot Stocks16:09 EDT TransMedics presented complete results from OCS Liver Protect trial - TransMedics Group announced that the complete results of the OCS Liver PROTECT Trial were presented virtually at the American Transplant Congress on Tuesday June 8th. The presentation won the People's Choice Award for the most impactful presentation at the ATC. Dr. James F. Markmann, Chief of the Division of Transplantation Surgery at Massachusetts General Hospital and the lead investigator of the PROTECT trial, presented the results, which included 12-month follow up data and were also highlighted in an abstract entitled Superior Post-transplant Clinical Outcomes Using Portable Normothermic Perfusion and Assessment with the Organ Care System, or OCS, Liver System: 1-year Outcomes of the OCS Liver Protect Randomized Controlled Trial. The OCS Liver system premarket approval, or PMA, application is currently under review by FDA and an Advisory Panel Meeting is expected to review the PROTECT results in the near future. At ATC 2021, Dr. Markmann reported that PROTECT met its primary effectiveness endpoint and demonstrated a significant reduction in early allograft dysfunction with OCS.
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KNSA | Hot Stocks16:09 EDT Kiniksa announces U.S. patent for treatment of recurrent pericarditis - Kiniksa Pharmaceuticals announced that the U.S Patent and Trademark Office issued a patent covering methods of using ARCALYST in the treatment of recurrent pericarditis. The patent issued as U.S. Patent No. 11,026,997 and will expire on March 11, 2039. Kiniksa has exclusive rights to this patent under the ARCALYST License Agreement. "We believe this patent continues to strengthen our proprietary position on the FDA-approved use of ARCALYST in recurrent pericarditis and provides protection that extends approximately 11 years beyond orphan drug exclusivity and into 2039," said Sanj K. Patel, Chief Executive Officer and Chairman of the Board of Kiniksa. "We continue to execute on our commercial strategy and look forward to providing our first full quarter ARCALYST sales in our second quarter earnings report."
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GEVO | Hot Stocks16:08 EDT Gevo to join Russell 3000 Index - Gevo announced that it expects to join the broad-market Russell 3000 Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the U.S. market opens on June 28 according to a preliminary list of additions posted by FTSE Russell.
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INGN | Hot Stocks16:06 EDT Inogen names Stanislav Glezer as Chief Medical Officer - Inogen announced that its board has appointed Dr. Stanislav Glezer as Inogen's Executive Vice President and Chief Medical Officer, effective June 21, 2021. Most recently, Dr. Glezer was with Becton, Dickinson and Company, a global medical technology company where he served as the Worldwide Vice President of Medical Affairs for Diabetes Care since September 2018 with Business Development responsibilities added under him since January 2021.
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CB | Hot Stocks16:06 EDT Chubb appoints Mark Hammond as Deputy CFO, effective July 1 - Chubb announced that Mark Hammond, who currently serves as Treasurer of Chubb Group, has been appointed to the additional role of Deputy CFO, a new position. The appointment is effective July 1 when, as previously announced, Peter Enns, Executive Vice President, Finance, Chubb Group, will succeed Philip Bancroft as CFO upon his retirement. In his new role, Hammond will assist Enns on operational and strategic matters. Hammond has more than 30 years of experience in insurance and public accounting. He has served as Treasurer since 2019. Previously, he was Executive Vice President and CFO for the company's Europe and Eurasia & Africa regions.
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PEGA | Hot Stocks16:06 EDT Pegasystems expands share repurchase program to $60M - Pegasystems announced that its Board of Directors has authorized an expansion of the Company's current share repurchase program. Under this expansion, the expiration date of the Company's current stock repurchase program will be extended from June 30, 2021 to June 30, 2022, and the amount of stock the Company is authorized to repurchase has been increased from approximately $21.7M, the amount remaining in the current program, to $60M.
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HEAR | Hot Stocks16:06 EDT Turtle Beach extends partnership with esports organization Team WaR - Turtle Beach announced it has renewed and extended its partnership with the popular Call of Duty Challenger team, Team WaR. Team WaR rose to popularity following the group's debut as a professional competitive Call of Duty team in 2017. In August 2020, Turtle Beach became Team WaR's first gaming accessory partner, and this new multi-year agreement extends the relationship for 2021 and beyond. Team WaR will continue using Turtle Beach's Elite Pro 2 gaming headsets, as well as the just launched Recon 500 multiplatform gaming headset. "Team WaR has been a great partner for Turtle Beach and represents all that we strive to deliver in our products - precision, dedication, skilled strategists, and commitment to success," said Ryan Dell, SVP of Global Marketing at Turtle Beach. "It's exciting to be a part of the team's growth and it is all-the-more inspiring when working with athletes that have high talent and high character. Team WaR embodies who we want to work with, and we're pleased to continue to have them as a part of the Turtle Beach family."
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MESA | Hot Stocks16:05 EDT Mesa Air reports 28,264 block hours in May 2021, up 134% - Mesa Airlines reported 28,264 block hours in May 2021, a 134% increase from May 2020 as a result of increased flying due to industry recovery from the COVID-19 pandemic. The company also reported a controllable completion factor of 99.84 percent and 100 percent for its American and United operations, respectively. Reports total completion factor for May 97.22%
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LMNR | Hot Stocks16:02 EDT Limoneira says COVID-19 continues to affect food service business - The COVID-19 pandemic continues to affect the Company's food service business on a global basis. The Company believes it is prudent to not provide lemon guidance at this time until the COVID-19 vaccine is widely distributed. Management continues to believe avocado revenue in fiscal 2021 will be strong due to market factors and positive initial crop indicators. The Company also believes it will experience improving results compared to last year during the second half of fiscal 2021 due to its stronger position in grocery compared to last year and as food service and export markets recover and cost control measures continue to show improvement. Looking beyond fiscal year 2021, the Company has an additional 1,200 acres of non-bearing lemons estimated to become full bearing over the next four years, which will enable the Company to achieve strong organic growth for many years to come. The Company expects 200 of the 1,200 acres to become full bearing in fiscal year 2021. Beyond these 1,200 acres, Limoneira intends to plant an additional 250 acres of lemons in the next two years that it believes will further build its long-term pipeline of productive acreage. The Company anticipates this additional acreage will increase its domestic supply of Limoneira-owned lemons from its 2020 level by approximately 50%, or about 900 thousand to 1.3 million additional fresh cartons, as the non-bearing and planned acreage becomes productive. The Company also expects to have a steady increase in third-party grower fruit. The foregoing describes organic growth and does not include potential acquisition opportunities for the Company in its highly fragmented industry.
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PEP | Hot Stocks16:00 EDT Frito-Lay to invest $200M to expand Rosenberg, Texas plant - Frito-Lay, a division of PepsiCo, along with Fort Bend County announced a $200M investment at its Rosenberg, Texas, site. The investment will add two manufacturing lines for Funyuns and tortilla chips, as well as increase capacity in its warehouse to enhance capabilities and enable future growth. Anticipated to be complete by 2023, the project will provide 160 new, full-time jobs. The Frito-Lay Rosenberg facility today employs more than 750 full-time plant and fleet associates and produces more than 117 million pounds of snacks annually. "We've called Rosenberg home for nearly 40 years. Throughout that time, the support of Fort Bend County has helped us invest in the right areas so that we can continue to grow and provide jobs to the community," said Laura Maxwell, senior vice president of supply chain, PepsiCo Foods North America. "The Rosenberg site has the largest footprint of any Frito-Lay facility in Texas, producing snacks for Texas, Louisiana, Oklahoma, Kansas and Georgia, and several other parts of the country when we hit times of peak demand. We thank Fort Bend County for bringing investments like this to life."
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RIDE | Hot Stocks15:58 EDT Lordstown Motors down 20% after adding 'going concern' warning to SEC filing - Shares of Lordstown are down $2.64, or 20%, to $10.76 heading into the close.
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SKYT | Hot Stocks15:46 EDT SkyWater Technology names Amanda Dnaiel CHRO - SkyWater Technology announced the appointment of Amanda Daniel as the company's first Chief Human Resources Officer. SkyWater's growth strategy depends on attracting and retaining top talent. "We are focused on optimizing our performance-driven culture as we aggressively expand and scale our Technology as a Service (TaaS) business model across the semiconductor industry," said Thomas Sonderman, SkyWater president and CEO. "Amanda has the right expertise to help SkyWater rapidly adopt and integrate best in class human resource practices. By implementing the right programs, systems, and processes, SkyWater will continue to create an environment that inspires the best talent to co-create the future with our customers." Daniel's previous experience includes most recently serving as senior vice president and CHRO at MTS Systems Corporation.
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RIDE | Hot Stocks15:43 EDT Lordstown Motors includes 'going concern' warning in revised 10-K filing - In an amended 10-K filing with the SEC, Lordstown Motors stated: "This Amended Annual Report also amends and restates Management's Discussion and Analysis of Financial Condition and Results of Operations, Risk Factors and certain other disclosures made in the Original Form 10-K as appropriate to reflect the restatement, updates regarding our production plans, liquidity, ability to continue as a going concern, controls and procedures and certain legal proceedings and minor clarifying changes... As a result of the restatement, the Company has concluded there were material weaknesses in the Company's internal control over financial reporting as of December 31, 2020 and its disclosure controls and procedures were not effective as of December 31, 2020." In the "Risk Factors" section of the report, the company said: "Investing in our Class A common stock involves a high degree of risk because our business is subject to numerous risks and uncertainties, as fully described below. The principal factors and uncertainties that make investing in our Class A common stock risky include, among others: our ability to continue as a going concern, which requires us to manage costs and obtain additional funding to ramp up the production phase of our operations, including to begin commercial scale production, launch the sale of our vehicles y and invest in research and development of additional products."
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RIDE | Hot Stocks15:41 EDT Lordstown Motors trading resumes
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RIDE | Hot Stocks15:36 EDT Lordstown Motors trading halted, volatility trading pause
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ACB... | Hot Stocks15:13 EDT Lamont commends Connecticut Senate for approving adult-use cannabis legislation - Governor Ned Lamont is commending the Connecticut State Senate for voting to approve legislation drafted with the support and input of his administration that will legalize the recreational, adult-use of cannabis, including its sale and safe regulation. The legislation, Senate Bill 1118, next needs to be approved by the Connecticut House of Representatives before it can be transferred to Governor Lamont's desk and signed into law. Governor Lamont added: "This measure is comprehensive, protects our children and the most vulnerable in our communities, and will be viewed as a national model for regulating the adult-use cannabis marketplace. I look forward to the Connecticut House of Representatives securing passage of this measure and sending it to my desk." Publicly traded companies in the cannabis space include Aurora Cannabis (ACB), CV Sciences (CVSI), CannTrust Holdings (CNTTF), Canopy Growth (CGC), Cronos Group (CRON), General Cannabis (CANN), India Globalization Capital (IGC), Tilray (TLRY), Trulieve Cannabis (TCNNF) and Zynerba (ZYNE). Reference Link
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MDU | Hot Stocks14:48 EDT MDU Resources director Everists sells over $2.5M in shares - MDU Resources director Thomas Everist disclosed in a filing that he had sold 75,000 shares of company stock at $33.70 per share on June 7 for a total transaction amount of $2,527,725.
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MGM | Hot Stocks14:14 EDT MGM Resorts names Tilak Mandadi chief strategy, innovation, & technology officer - MGM Resorts International announced that Tilak Mandadi will join the company July 6th in the newly created position of Chief Strategy, Innovation & Technology Officer. In this role, Mandadi will oversee MGM Resorts' digital strategy, driving growth and innovation through technology-led customer-centric experiences, products and services. He will also lead corporate strategy and innovation, and will manage the company's relationship with BetMGM, joining its Board of Directors. He will be based in Las Vegas and report to MGM Resorts CEO & President Bill Hornbuckle.
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SPGI INFO | Hot Stocks13:54 EDT S&P Global CFO sees IHS Markit deal closing in fourth quarter of this year - S&P Global (SPGI) CFO Ewout Steenbergen said earlier while presenting at the Baird Global Consumer, Technology and Services Conference, according to a transcript of the event: "We are a company that is growing on a very consistent basis. We believe that growth in a mid- to high single-digit range over -- on average, over a multiple-year period is achievable. And we have shown that in the past... First quarter growth was much higher due to very particular reasons that maybe we can come back to later on. I wouldn't say that 30% growth is the new normal, but it was certainly a strong start of the year. But what you see is a very steady and stable revenue base, and it's largely driven that a large part of our revenues are recurring in nature... Then about the merger with IHS Markit. We announced this merger on November 30 of last year. We think it's a transformative opportunity for the company, becoming an even stronger and even better, even faster-growing company than we are -- what we are today. This transaction will help to strengthen 3 of our 4 divisions... It will also help to increase the recurring revenue base. About 3/4 of the company will have recurring revenues going forward. There are significant synergy expectations of $480M of cost synergies and $350M of revenue synergies... There's one specific update that I want to give you with respect to the time lines. So far, we have mentioned to you that we expect this transaction to close in the second half of this year. I wanted today to refine that estimate. And what we want to say now in terms of our best expectation for the closure of the transaction is now the fourth quarter of this year. So the fourth quarter of this year is the most likely time line with respect to the transaction close with respect to this merger."
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SONY... | Hot Stocks12:49 EDT Capcom's 'Resident Evil Village' tops PlayStation Store's May downloads on PS5 - Sony (SONY) said that Capcom's (CCOEY) latest game "Resident Evil Village" topped May's PlayStation Store download charts for PlayStation 5 in both Europe and U.S./Canada, as well as the EU PlayStation 4 charts. Sony-published "Returnal," EA's (EA) "FIFA 21," and Sony-published "MLB The Show 21" were also high on the PS5 charts as well, while Microsoft-published (MSFT) "Minecraft" and EA's "Mass Effect Legendary Edition" earned high placements on PS4. Beat Games' "Beat Saber" and Activision's (ATVI) "Call of Duty: Warzone" continue to dominate on the PS VR and Free-to-Play charts, respectively, Sony said. Reference Link
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SONY | Hot Stocks12:43 EDT Sony Electronics announces new WF-1000XM4 noise canceling wireless headphones - Sony Electronics Inc. announced the new WF-1000XM4 headphones, the latest wireless model in the 1000X series. The WF-1000XM4 headphones take industry leading noise canceling and audio quality to the next level, thanks to the newly designed Integrated Processor V1, the company said. "Sony's 1000X series features the best noise canceling in the industry, and these headphones have raised that bar even higher," said Daisuke Kawaguchi, Vice President of Home Entertainment & Sound, Sony Electronics Inc. "Sony has been revolutionizing the personal listening experience since pioneering the iconic Walkman(R) in 1979 and introducing the world's first in-ear model back in 1982. Our talented team has studied and perfected sound, noise canceling performance and call quality over the last several decades, and the WF-1000XM4 headphones are a direct result of those extensive efforts." The WF-1000XM4 headphones are available to order today.
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NBSE | Hot Stocks12:34 EDT NeuBase announces data for mouse model of myotonic dystrophy type 1 - NeuBase Therapeutics announced new data and program updates for its development pipeline of PATrOL-enabled genetic medicines. Experiments conducted in the HSALR transgenic mouse model of myotonic dystrophy type 1, which express high levels of mutant CUG-repeat-containing mRNA in skeletal muscle, demonstrated molecular rescue in vivo after a single intravenous dose, which resulted in: ~75% splice correction of mis-spliced transcripts observed at ~2 weeks; Complete splice correction of chloride channel in skeletal muscle, a transcript responsible for the myotonia phenotype; Restoration of Clcn1 protein in skeletal muscle; Reduction of nuclear inclusions at day 21; and good tolerability at pharmacologically active doses, the company said in a statement. NeuBase CEO Dietrich Stephan said, "We successfully demonstrated that our platform can therapeutically modulate in vivo gene function at the DNA or RNA level with exquisite precision of target engagement in three different disease indications with different mechanisms of disease. These data show how we can utilize the PATrOL platform to design drug candidates to inhibit DNA transcription, RNA translation, and mutant protein production, as well as displace bound proteins to rescue mis-splicing...With this tremendous momentum building across our expanding development pipeline, we look forward to entering the clinic with our DM1 program in 2022 and continuing to evaluate diseases where our PATrOL platform can deliver significant therapeutic value."
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RCL | Hot Stocks12:05 EDT Royal Caribbean says Celebrity Equinox approved to sail from U.S. as of July 25 - Celebrity Cruises' "much anticipated return to sailing continues" as the new-luxury ship Celebrity Equinox has now been approved by the Centers for Disease Control and Prevention to sail from Fort Lauderdale on July 25, Royal Caribbean announced. "It will closely follow Celebrity Edge's industry-first cruise departure from U.S. waters for the Caribbean on June 26, 2021. With today's announcement, nine of the 14 ships within the Celebrity Cruises' fleet have plans to return to sailing by mid-September 2021 and are ready to take guests to the stunning destinations they have missed from the Caribbean to Europe, Alaska and the Galapagos," said Celebrity Cruises, one of five cruise brands operated by cruise company Royal Caribbean Group.
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CNK | Hot Stocks12:03 EDT Cinemark expanding its in-theatre and online esports offering - Cinemark Holdings announced it is further innovating its entertainment experience by expanding its in-theatre and online esports offering. This summer, Cinemark customers will have the ability to join drop-in games in select theatres, and a new partnership with Mission Control will offer online esports leagues. For all details how to participate, visit Cinemark.com/gamebig. At Cinemark, we strive to continually evolve as an entertainment destination, offering our customers the opportunity to have an entertaining escape into more than just big films," said Justin McDaniel, Cinemark SVP of Global Content Strategy. "Our immersive environment lends itself particularly well to the gaming community, putting players in the universes in which they are competing. We are excited to bring big games to the big screen with our drop-in play as well as collaborate with Mission Control to offer online Cinemark esports leagues."
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SI | Hot Stocks12:00 EDT Silvergate Capital falls -8.3% - Silvergate Capital is down -8.3%, or -$9.58 to $105.86.
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CCM | Hot Stocks12:00 EDT Concord Medical falls -8.5% - Concord Medical is down -8.5%, or -29c to $3.17.
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STEM | Hot Stocks12:00 EDT Stem falls -8.7% - Stem is down -8.7%, or -$2.98 to $31.12.
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KODK | Hot Stocks12:00 EDT Eastman Kodak rises 11.4% - Eastman Kodak is up 11.4%, or 99c to $9.66.
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NAPA | Hot Stocks12:00 EDT Duckhorn Portfolio rises 15.9% - Duckhorn Portfolio is up 15.9%, or $3.01 to $21.94.
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ZME | Hot Stocks12:00 EDT Zhangmen Education rises 27.2% - Zhangmen Education is up 27.2%, or $4.39 to $20.52.
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LOKB NVTS | Hot Stocks11:39 EDT Live Oak Acquisition II, Navitas Semiconductor file S-4 for merger agreement - Navitas Semiconductor, which identifies itself as "the industry leader in GaN Power ICs," and Live Oak Acquisition Corp. II (LOKB), a blank check company, announced that Live Oak II has filed with the U.S. Securities and Exchange Commission a registration statement on Form S-4, which contains a preliminary proxy statement/prospectus, in connection with the proposed business combination between Live Oak II and Navitas announced on May 7. Live Oak's Class A common stock is currently traded on NYSE under the tickers "LOKB," "LOKB.U," and LOKB WS," respectively. In connection with the closing of the transaction, Live Oak's Class A common stock will be listed under the new ticker symbol "NVTS." Completion of the transaction, which is expected in the third quarter of 2021, is subject to approval by Navitas' and Live Oak's respective stockholders, the Registration Statement being declared effective by the SEC and other customary closing conditions.
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HOOD | Hot Stocks11:33 EDT Robinhood says identified options issue impacting some customers - Robinhood stated in a status message: "We've identified an issue that's causing some customers to encounter an error when trying to close an options position and are working to resolve it as soon as possible." Reference Link
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GOOGL GOOG | Hot Stocks11:07 EDT Ohio AG files lawsuit seeking to declare Google a public utility - Ohio Attorney General Dave Yost filed what he calls "a landmark lawsuit" asking the court to declare Google a public utility, calling Ohio "the first state in the country to bring such a lawsuit." The lawsuit, filed in Delaware County Court, asserts two causes of action against Google: It seeks a legal declaration that Google is a common carrier, or public utility, subject to proper government regulation; It says Google has a duty to offer sources or competitors rights equal to its own, meaning it should not prioritize the placement of its own products, services and websites on search results pages. Those equal rights should extend to advertisements, enhancements, knowledge boxes, integrated specialized searches, direct answers and other features. The lawsuit does not seek money damages. Yost stated: "Google uses its dominance of internet search to steer Ohioans to Google's own products--that's discriminatory and anti-competitive. When you own the railroad or the electric company or the cellphone tower, you have to treat everyone the same and give everybody access." Reference Link
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BA | Hot Stocks11:04 EDT Boeing reports 73 gross commercial airplane orders in May - In data shared on its website, Boeing reported 73 gross orders in May for its commercial airplane programs. Boeing reported 17 deliveries in May for its commercial airplane programs. Reference Link
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COLB | Hot Stocks11:02 EDT Columbia Bank appoints Juancarlos Martinez as SVP, CISO - Columbia Bank announced the promotion of Juancarlos Martinez to Senior Vice President, Chief Information Security Officer. Martinez is responsible for the Bank's growing Information Security Department, tasked with safeguarding customer and bank data. He provides leadership and strategic direction for the department and works closely with other team leaders to manage the organization's information security risks. Martinez has served in the bank's information security unit for 15 years, progressively taking on more leadership responsibility. He most recently was Vice President, Information Security Manager.
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LDL | Hot Stocks10:52 EDT Lydall up 5% after blog report claims company exploring possible sale - Shares of Lydall are up $1.81, or 5%, to $37.38 after Street Insider claimed in a blog post that a source said the company is exploring a potential sale. The company has hired an investment bank and at least two bids have been received, according to Street Insider's account of its source's report.
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PRPO | Hot Stocks10:31 EDT Precipio launches HemeScreen Anemia Panel - Precipio announced that it has launched the HemeScreen Anemia Panel as part of its suite of diagnostic tests. The purpose of this panel is to help physicians address one of the more significant clinical challenges they face: anemia of unknown cause. Precipio's HemeScreen Anemia Panel is a simple blood test that identifies molecular genetic errors which point to potentially fatal acute leukemia. Precipio's rapid, simple test, performed in the doctor's office, directs the physician to perform further appropriate hematology testing and treatment.
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AGCO | Hot Stocks10:24 EDT Agco 'running a bit behind' in terms of sales in Q2 - Agco is having a "number of issues with component availability" and says these disruptions in getting parts are timing issues and won't impact demand, the company said at the Stifel Cross Sector Insight Conference. Still thinks FY21 results are going to be achieved.
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MRNA | Hot Stocks10:18 EDT EMA starts evaluating use of Moderna COVID-19 vaccine in kids aged 12 to 17 - The EMA has started evaluating an application to extend the use of the COVID-19 Vaccine Moderna to include young people aged 12 to 17, the European Medicines Agency confirmed. "EMA's human medicines committee will carry out an accelerated assessment of data submitted in the application, including results from a large ongoing clinical study involving adolescents from 12 to 17 years of age. This study was carried out in accordance with the paediatric investigation plan for COVID-19 Vaccine Moderna, which was agreed by EMA's Paediatric Committee. The CHMP's opinion on extending the use of the vaccine, together with any requirements for further studies and additional safety monitoring, will then be forwarded to the European Commission, which will issue a final legally binding decision applicable in all EU Member States. EMA will communicate the outcome of its evaluation, which is expected in July unless supplementary information is needed," the EMA stated. COVID-19 Vaccine Moderna has been authorized in the EU since January 2021 for use in people aged 18 and older. Reference Link
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GE | Hot Stocks10:12 EDT GE Healthcare sees FY21 revenue up low to mid single digits - Sees FY22 revenue "growing."
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GE | Hot Stocks10:12 EDT GE Healthcare sees 2021 free cash flow flat to up slightly - Sees FY22 free cash flow flat to up. Comments taken from slides being presented at the Goldman Sachs Healthcare Conference.
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HUN | Hot Stocks10:11 EDT Huntsman plans to increase production of EV battery materials - Huntsman announced that its Performance Products division is planning to significantly increase its existing capacity for ULTRAPURE Ethylene Carbonate at its Conroe, Texas facility by mid-2023. ULTRAPURE Ethylene Carbonate is critical to the reliable operation and long working life of lithium-ion batteries for electric vehicles and electronics. In recent years, Huntsman has seen strong growth in ULTRAPURE Ethylene Carbonate tied to the evolution of EVs and the localization of lithium-ion battery production. To meet this increased demand, Huntsman has added a range of new high-purity grades of Ethylene Carbonate for EV battery applications. "This capacity expansion will leverage our position as the only US producer of cyclic carbonates and support the rapid growth of the US and European lithium-ion battery markets for EVs," said Chuck Hirsch, Senior Vice President of Huntsman's Performance Products division. "We are committed to providing excellent service to our customers and are well positioned to grow with this sustainable industry, helping to reduce emissions in the transportation sector," he added.
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RTX | Hot Stocks10:01 EDT Raytheon Technologies unit awarded $495M contract from USMC - Raytheon Intelligence & Space, a Raytheon Technologies business, will provide logistics and repair services for all U.S. Marine Corps ground equipment under a five-year, $495M contract. The company will deliver more than 10,000 repaired parts per year to sustain the Marines' combat and tactical ground equipment, ranging from armored vehicles to ground radars and communications systems. This contract is an expansion of work the company has supported for 17 years, nearly doubling the anticipated amount of equipment being managed and expanding the company's support to every major Marine Corps installation in the world.
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OSCR | Hot Stocks10:00 EDT Oscar Health falls -6.7% - Oscar Health is down -6.7%, or -$1.96 to $27.29.
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LBRT | Hot Stocks10:00 EDT Liberty Oilfield Services falls -7.5% - Liberty Oilfield Services is down -7.5%, or -$1.26 to $15.49.
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DM | Hot Stocks10:00 EDT Desktop Metal falls -9.3% - Desktop Metal is down -9.3%, or -$1.41 to $13.70.
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SOL | Hot Stocks10:00 EDT ReneSola rises 9.1% - ReneSola is up 9.1%, or 83c to $9.96.
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NAPA | Hot Stocks10:00 EDT Duckhorn Portfolio rises 10.1% - Duckhorn Portfolio is up 10.1%, or $1.92 to $20.85.
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GME | Hot Stocks10:00 EDT GameStop rises 13.0% - GameStop is up 13.0%, or $36.31 to $316.32.
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WINR | Hot Stocks09:55 EDT Simplicity Esports announces e-commerce platform for esports, gaming merchandise - Simplicity Esports and Gaming Company announced that it will go live with an e-commerce site in the month of July to sell esports and gaming related merchandise. The site will launch with an inventory of trading card games (such as Magic: The Gathering, Pokemom, and Yu-Gi-Oh!, and expand into gaming accessories and equipment. Simplicity Esports recently announced revenue for the months of March and April, and plans to file its audited fiscal year end report, 10-K in the next 90 days. Additionally, Simplicity Esports intends to list its common stock and warrants on The NASDAQ Capital Market or the NYSE American. There is no guarantee that the listing application will be approved by The Nasdaq Capital Market or the NYSE American.
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KHRNF | Hot Stocks09:53 EDT Khiron announces receipt of largest European cannabis shipment to date - Khiron Life Sciences announced the receipt of the Company's largest ever shipment of EU-GMP certified medical cannabis product for distribution and sale into the German market. Recently, Khiron's German distribution partner, Nimbus Health GmbH, received approximately 36kg of Khiron 20/1 medical cannabis product, a THC-dominant cannabis flower product which has been prescribed to patients in the UK since July 2020. The new product increases the Company's German medical cannabis offering, which now includes both THC-dominant and CBD-dominant Cannabis products. As a result of the shipment, the Company expects to increase its European medical cannabis sales in the second quarter of 2021.
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JAN | Hot Stocks09:47 EDT JanOne advances toward initiation of Phase 2b trial for JAN101 - JanOne announced the successful completion of Current Good Manufacturing Practices production of the first batch of JAN101 for its upcoming Phase 2b trial for treating Peripheral Artery Disease. The initial batch, produced by manufacturing partner CoreRX, contains approximately 200,000 sustained release tablets and matching placebos of JAN101, a patented sustained-release form of sodium nitrite aimed at improving vascular function and reducing neuropathic pain and other conditions resulting from poor blood flow. "Completion of the CGMP batch is an exciting achievement as we advance toward our planned Phase 2b PAD trial for JAN101," said Tony Isaac, President and Chief Executive Officer of JanOne. "With CGMP compliance, we've proven our ability to economically scale-up production of JAN101 while preserving the product's identity, strength, quality, and purity. We are now focused on bottling and labeling JAN101 for distribution to clinical test sites and engaging a contract research organization to manage our Phase 2b trial, including the recruitment of subjects." The FDA regulates the quality of pharmaceuticals through its main standard CGMP. Completion of CGMP production signifies that JanOne is fully compliant with the FDA's formal regulations regarding the design, monitoring, control, and maintenance of manufacturing processes and facilities for JAN101.
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OSCR | Hot Stocks09:47 EDT Oscar Health falls -6.2% - Oscar Health is down -6.2%, or -$1.82 to $27.43.
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DM | Hot Stocks09:47 EDT Desktop Metal falls -6.9% - Desktop Metal is down -6.9%, or -$1.04 to $14.06.
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LBRT | Hot Stocks09:47 EDT Liberty Oilfield Services falls -8.3% - Liberty Oilfield Services is down -8.3%, or -$1.38 to $15.37.
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REVG | Hot Stocks09:47 EDT REV Group rises 9.7% - REV Group is up 9.7%, or $1.91 to $21.52.
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SLQT | Hot Stocks09:47 EDT SelectQuote rises 10.3% - SelectQuote is up 10.3%, or $2.02 to $21.58.
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JILL | Hot Stocks09:47 EDT J.Jill rises 10.8% - J.Jill is up 10.8%, or $1.94 to $19.93.
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HOOK | Hot Stocks09:40 EDT HOOKIPA Pharma trading resumes
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FUV | Hot Stocks09:39 EDT Arcimoto to join Russell 2000, Russell 3000 indexes - Arcimoto announced that it is set to join the Russell 2000 and Russell 3000 indexes at the conclusion of the Russell U.S. Indexes annual reconstitution, effective at the opening of the U.S. equity markets on Monday, June 28.
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WRAP | Hot Stocks09:36 EDT Wrap Technologies releases bodycam footage of BolaWrap deployment - Wrap Technologies released new bodycam footage of a successful BolaWrap Remote Restraint deployment in the company's hometown of Tempe, Arizona. On May 28, 2021, Tempe Police Department officers observed a subject running through traffic, causing a danger to himself and others. The subject appeared to be in crisis and was armed with a stun gun. After the subject failed to respond to verbal commands, an officer announced that he would be wrapped. The officer deployed the BolaWrap, restricting the subject's mobility and preventing him from moving away. The subject was safely taken into custody without injury. "The Tempe Police Department is training constantly to improve our de-escalation and resolution efforts," said Chief of Police Jeffrey Glover.
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HOOK | Hot Stocks09:35 EDT HOOKIPA Pharma trading halted, volatility trading pause
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AEP | Hot Stocks09:35 EDT American Electric announces SEC subpoena, doesn't see 'material impact' - American Electric Power issued an update on Ohio H.B. 6, stating in part: "AEP participates in the legislative and regulatory processes ethically and in compliance with the laws of the states where we operate. After we learned of the criminal allegations against the former Ohio House Speaker and others relating to H.B. 6, the company, with assistance from outside advisors, conducted a review of the circumstances surrounding the passage of the bill. As we have previously stated, we continue to have no reason to believe that AEP was involved in any wrongful conduct. As part of our commitment to continuous improvement, we also reviewed our processes, practices and policies governing political engagement in 2020 to identify any opportunities to strengthen our governance... AEP recently received a subpoena from the Securities and Exchange Commission, Division of Enforcement, or SEC, seeking various documents, including documents relating to the benefits to the company from the passage of H.B. 6 and documents relating to our financial processes and controls. AEP is cooperating fully with the SEC's subpoena. Although we cannot predict the outcome of the SEC's inquiry, we do not believe the results of this inquiry will have a material impact on our financial condition, results of operations, or cash flows. AEP continues to believe that our participation in the H.B. 6 process was at all times lawful and ethical." Reference Link
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DRTT | Hot Stocks09:33 EDT Dirtt Environmental opens manufacturing plant in South Carolina - DIRTT Environmental Solutions announces the opening of their newest manufacturing plant located in Rock Hill, within York County, South Carolina. The company's other manufacturing facilities are located in Phoenix, Arizona, Savannah, Georgia, and Calgary, Alberta, serving clients across the United States and Canada. An approximate $18.5M investment, the Rock Hill plant operates in a leased, custom-built 130,000 square foot building and is expandable to 260,000 square feet to support future growth. The plant is designed to maximize manufacturing of wall tiles, a key component of DIRTT's construction system. The new location also reduces shipping costs and transport times for customers located on the Eastern seaboard. DIRTT chose the Rock Hill location because it offers improved service to the Southeastern United States by balancing production facilities in Western Canada. Its proximity to Charlotte also allows for customers to visit the location as part of their experience. The plant will initially employ 25 permanent, full-time employees.
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INPX | Hot Stocks09:32 EDT Inpixon wins multi-year contract from banking firm for smart office app - Inpixon announced that its smart office app, acquired in the recent The CXApp acquisition, has been selected by a major European-based commercial and retail banking firm with more than 50,000 employees for implementation across more than 75 locations. The seven-figure contract includes both up-front professional services fees and annual subscription licenses covering a two-year period. "Companies are looking for innovative solutions that promote productivity and deliver superior user experiences while ensuring safety as they support employees returning to work," commented Nadir Ali, CEO of Inpixon. "We are pleased that our award winning mobile app solution, which integrates a wide array of work functions into a single app, was selected by this major retail and commercial bank. We are seeing strong demand for our workplace experience platform and look forward to announcing additional contract awards."
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SRNA | Hot Stocks09:25 EDT Surna introduces EcoChill heat recovery chiller - Surna, operating as Surna Cultivation Technologies, introduces the addition of heat recovery chillers to its EcoChill product portfolio. "Two multi-state operators, in an effort to drive down operational costs, recently installed the EcoChill heat recovery chillers. The first MSO is a 90,000 square foot facility in Illinois and the other is a 40,000 square foot facility in Ohio. Because they produce both chilled and hot water simultaneously, EcoChill Heat Recovery Chillers can reduce the capacity requirements and energy consumption versus traditional 4-pipe chilled water systems," the company stated.
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PCSA | Hot Stocks09:24 EDT Processa Pharmaceuticals set to join Russell Microcap Index - Processa Pharmaceuticals is set to join the Russell Microcap Index at the conclusion of the 2021 Russell indexes annual reconstitution effect after the US market opens on June 28, according to a preliminary list of additions posted June 4.
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GNUS | Hot Stocks09:24 EDT Genius Brands set to join Russell 3000 Index - Genius Brands International announces it is set to join the broad-market Russell 3000 Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective when the US market opens on June 28, 2021, according to a preliminary list of additions posted on June 4, 2021.
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CRSR | Hot Stocks09:22 EDT Elgato launches Stream Deck 5.0 app update - Elgato announced the launch of Stream Deck 5.0, a major app update that introduces the Stream Deck Store, an online distribution platform for plugins, icon packs, tutorial videos, and pro tips, plus thousands of royalty-free music tracks and sound effects. Stream Deck 5.0 is available today as a free update. Stream Deck, Elgato's widely popular tactile interface with fully customizable LCD keys, makes it easier for content creators to control their myriad apps and tools with a tap of a key. Now, in addition to enhancing the entire Stream Deck experience, the Stream Deck Store is empowering creators with a wealth of digital assets they can use to enrich their content and ultimately boost their streams' production values. The Stream Deck Store includes five sections: Discover, Plugins, Icons, Music, and Sound Effects.
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FLYW | Hot Stocks09:21 EDT Flywire expands education business in Canada - Flywire announced the expansion of its digital education payments business in Canada. In response to client demand, Flywire is expanding the comprehensive receivables solution it offers to Canadian institutions, enabling them to support a variety of payment options on campus, including international, domestic, payment plans and more. "Flywire has already offered Canadian institutions the ability to digitize and streamline cross-border education payments for international students," said Sharon Butler, EVP of Education, Flywire. "Now, with the addition of our domestic payment offering in Canada, Flywire enables schools to seamlessly receive and reconcile payments from all students, all from within a single solution."
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WDAY | Hot Stocks09:20 EDT Workday plans to deliver Workday Payroll for Australia, Germany - Workday announced plans to deliver Workday Payroll for Australia and Workday Payroll for Germany. Workday Payroll for Australia and Workday Payroll for Germany will leverage the company's core payroll foundation in the cloud to provide human capital management, time, absence, and a payroll solution in a single system. With worker data in Workday HCM flowing seamlessly to Workday Payroll, customers can make their payroll processes more efficient and accurate, and better support their compliance with regulatory laws and standard business practices in these markets.
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FTNT | Hot Stocks09:20 EDT Fortinet announces FortiMonitor, FortiAIOps offerings - Fortinet announced two new offerings to accelerate AIOps Network Operations with FortiMonitor and FortiAIOps. Fortinet is now extending network monitoring beyond the Fortinet Security Fabric to third party network infrastructures, applications and clouds, providing comprehensive Digital Experience Monitoring with FortiMonitor. FortiAIOps leverages artificial intelligence and machine learning models to eliminate manual analysis and correlates data from every network edge, automating anomaly detection.
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BK | Hot Stocks09:19 EDT Evisort , BNY Mellon to digitize contract lifestyle management - Evisort announced its role as a leading contract intelligence provider for BNY Mellon. BNY Mellon will use Evisort to re-engineer its contract negotiation workflow and lifecycle management process, reducing the time required to reach an executable agreement. "In collaboration with Evisort, BNY Mellon is able to develop customized initial contracts, tailored to clients and digitally coordinate with necessary internal stakeholders for approval of special terms. This workflow allows for the ability to reuse data contained within contracts by building a digital library to accelerate key business decisions. This efficient, smart workflow will support a world-class onboarding for clients with minimal disruption," the company said.
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REED | Hot Stocks09:18 EDT Reed's Virgil's launches three new zero sugar flavors - Virgil's announces the launch of three new Zero Sugar, Ketogenic Certified varieties: Grapefruit, Dr. Better and Ginger Ale. Crafted with natural ingredients, these new flavors can be experienced straight from the can, over ice, or mixed with a low-calorie cocktail.
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TDC | Hot Stocks09:18 EDT Teradata appoints Bramley as Chief Financial Officer, Culhane to step-down - Teradata announced that its Board of Directors has appointed Claire Bramley as Chief Financial Officer, effective June 14, Bramley succeeds Mark Culhane, who will be stepping down as CFO on June 13, 2021. To ensure a smooth transition, Culhane will continue to be employed until June 30, 2021. As CFO, Claire will be a member of the Executive Leadership Team, responsible for leading Teradata's financial organization, information technology, analytics and security, enterprise risk, and enterprise strategic sourcing.
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AXON DGLY | Hot Stocks09:18 EDT DOJ directs DEA, FBI, other departments to come up with body-worn camera plans - In a memorandum dated June 7, U.S. Deputy Attorney General Lisa Monaco said the Department of Justice is "committed to the use of body-worn cameras, or BWCs, by the Department' s law enforcement agents" in circumstances where the Department's agents encounter the public during pre-planned law enforcement operations. In this context, Monaco is directing the Acting Director of the Bureau of Alcohol, Tobacco, Firearms & Explosives; the Acting Administrator of the Drug Enforcement Administration; the Director of the Federal Bureau o flnvestigation, and the Director of the United States Marshals Service to develop and submit for review, within 30 days, component BWC policies that require agents to wear and activate BWC recording equipment for purposes of recording their actions during: a pre-planned attempt to serve an arrest warrant or other pre-planned arrest, including the apprehension of fugitives sought on state and local warrants; or the execution of a search or seizure warrant or order. Makers of body-worn cameras for law enforcement use include Axon (AXON) and Digital Ally (DGLY). Reference Link
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HQY | Hot Stocks09:17 EDT HealthEquity updates business outlook to exclude Further acquisition expenses - HealthEquity announced an updated business outlook, superseding the business outlook announced by HealthEquity on June 7. The updated business outlook is being issued to exclude anticipated merger integration expenses related to the Further acquisition that were included in the previously announced business outlook. Updated business outlook: For FY22, management expects revenues of $755M-$765M. Its outlook for net loss is between $12M-$8M up from net loss of $19M-$15M, resulting in net loss of 14c-10c per diluted share, up from net loss of 23c-18c per diluted share. Its outlook for non-GAAP net income is between $122M-$126M, resulting in non-GAAP net income per diluted share of $1.45-$1.50. Management expects Adjusted EBITDA of $241M-$247M. This outlook does not include any potential impact from the acquisitions of Further or the Fifth Third Bank HSA portfolio.
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TU | Hot Stocks09:16 EDT Telus Health mobile clinics help vaccinate Ontario residents - TELUS announced that through its innovative Health for Good program - in partnership with Waterloo's Sanguen Health Centre, Toronto's Parkdale Queen West Community Health Centre, and Ottawa's Inner City Health - COVID-19 vaccinations are being provided to at-risk and vulnerable residents of Ontario from its mobile health clinics, powered by TELUS Health. These specially-equipped clinics on wheels have been providing essential primary health and harm reduction services directly to individuals in the communities they serve since they launched in 2020. Operations have recently expanded to offer COVID-19 testing and vaccinations, following the provincial public health guidelines. Through relationships with local community centres, homeless shelters, and congregate housing facilities, the clinics have administered more than 1,500 doses of the vaccine to at-risk Ontarians, conducted 15,400 COVID-19 tests/assessments, and have supported nearly 30,000 patient interventions to-date.
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VZ | Hot Stocks09:15 EDT Verizon Connect works to maximize uptime during customer migration to 4G - With the sunset of the 3G, or the third generation, of mobile connectivity, scheduled for Dec. 31, 2022, Verizon Connect is working hand-in-hand to support its fleet customers and provide a seamless transition as they migrate their legacy vehicle tracking units to the 4G, or fourth generation, to take advantage of everything that running devices on the Verizon 4G LTE network has to offer. Verizon Connect customers are already finding business success with 4G-enabled vehicle tracking devices. Odessa, Texas-based KRP Rentals and Trucking, an equipment rental company in the oil and gas industry, recently upgraded their Verizon Connect Reveal units to 4G, and they're already seeing the benefits.
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LEAF GHC | Hot Stocks09:13 EDT Glass Lewis recommends Leaf Group shareholders approve acquisition - Leaf Group (LEAF) announced that Glass, Lewis & Co. has recommended shareholders vote to approve its merger agreement with Graham Holdings Company (GHC). Deborah Benton, Leaf Group's Chair of the Board, commented: "With Glass Lewis, Institutional Shareholder Services Inc. and the Board all recommending that shareholders approve Graham Holdings' acquisition of Leaf Group, it is clear that voting for this transaction is the best path forward for all of our shareholders. As with ISS's report, the findings in Glass Lewis's report clearly demonstrate that the significant and immediate value created by this transaction far outweighs the potential value that might be generated by continuing to operate as a separate, standalone entity. The Board continues to unanimously recommend that the company's shareholders vote to approve the merger agreement." In addition, Glass Lewis joined ISS in recommending in its report that shareholders approve both of Leaf Group's related proposals, including the non-binding advisory proposal to approve the compensation of the company's executive officers in connection with the merger with Graham Holdings and the adjournment of Leaf Group's special meeting of shareholders in the event there are insufficient votes to approve the merger at the time of the special meeting.
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DTGI | Hot Stocks09:11 EDT Digerati Technologies enters strategic partnership with Sandler Partners - Digerati Technologies announced that its operating subsidiary Nexogy, Inc. entered into a strategic partnership with Sandler Partners. Nexogy's UCaaS and CCaaS platform will allow Sandler to provide its partners with additional fully integrated solutions. Sandler's more than 8,000 partners, 200 telecom, cloud, and data providers, and extensive network of expert agents will now be able to distribute Nexogy's fully integrated suite of cloud communication services.
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AMD | Hot Stocks09:09 EDT AMD announces AMD Radeon Pro W6000 series - AMD announced the AMD Radeon PRO W6000 series workstation graphics, delivering exceptional performance, stability and reliability for professional users. The new graphics products were designed and optimized to power demanding architectural design workloads, ultra-high resolution media projects, complex design and engineering simulations, and advanced image and video editing applications. Built on AMD RDNA 2 architecture, the foundation of next generation, high-powered PCs, laptops and many of today's game consoles, the new product line features the AMD Radeon PRO W6800, the fastest AMD RDNA workstation graphics card ever1. It also includes the AMD Radeon PRO W6600 graphics card, meticulously engineered for ultra-high performance workflows, and the AMD Radeon PRO W6600M GPU, designed to power professional mobile workstations.
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CLOV... | Hot Stocks09:08 EDT Clover Health, Wendy's rally as WallStreetBets warns of short squeeze - Shares of Clover Health Investments (CLOV) and Wendy's (WEN) are soaring in premarket trading after Reddit's WallStreetBets mentioned both companies as potential short squeeze targets. Short interest in Clover has been climbing this year to about 42% of the float with a short exposure of over $430M, Bloomberg notes, citing data from S3 Partners. Other meme stocks moving higher today are Naked Brand Group (NAKD), Sundial Growers (SNDL) and Workhorse Group (WKHS). Clover is up 36% to $16.26 in premarket trading while Wendy's is up 22% to $27.91.
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VRNS | Hot Stocks09:07 EDT Varonis announces location in Cork, plans to double headcount to 120 employees - Varonis Systems announced the opening of its new and expanded office space in Cork City at Penrose Dock. Varonis is expected to double its employee headcount, creating approximately 60 jobs - ranging from tech support, research and development, human resources, and sales - over the next three years. Varonis is headquartered in New York City and today employs approximately 1,800 employees worldwide. The company opened its first Cork location in 2017.
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DCTH | Hot Stocks09:06 EDT Delcath Systems to join Russell Microcap Index - Delcath Systems is set to join the Russell Microcap Index at the conclusion of the 2021 Russell indexes annual reconstitution effect after the US market opens on June 28, according to a preliminary list of additions posted June 4.
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SNPS | Hot Stocks09:06 EDT Synopsys acquires Code Dx - Synopsys announced that it has acquired Code Dx, a provider of an award-winning application security risk management solution that automates and accelerates the discovery, prioritization, and remediation of software vulnerabilities. The addition of Code Dx enables Synopsys to offer customers consolidated risk reporting and prioritization across correlated software vulnerability data produced by Synopsys solutions and more than 75 third-party and open source application security and development products. Headquartered in Northport, New York, the acquisition also adds a team of R&D engineers experienced in vulnerability correlation and integrating security testing activity across the entire software development pipeline. The terms of the deal, which are not material to Synopsys' financials, are not being disclosed.
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HEI | Hot Stocks09:04 EDT Heico approves 12.5% boost in semi-annual cash dividend to 9c - Heico announced that its Board of Directors approved a 12.5% increase in the semi-annual cash dividend to $.09 per share from $.08 per share, payable on both classes of its common stock. The cash dividend is payable on July 15, 2021 to shareholders of record as of July 1, 2021. This cash dividend represents HEICO's 86th consecutive semi-annual cash dividend since 1979.
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CTXR | Hot Stocks09:04 EDT Citius schedules interim analysis in Phase 3 trial of Mino-Lok for end of June - Citius Pharmaceuticals announced that the next planned interim analysis in its Phase 3 trial of Mino-Lok, an antibiotic lock solution for the treatment of patients with catheter-related blood stream infections, or CRBSIs/CLABSIs, has been scheduled for the end of June. In accordance with the independent Data Monitoring Committee, or DMC, charter, the DMC will hold a meeting to review the trial data for safety, superiority and futility. According to the Mino-Lok Phase 3 study protocol, the DMC is responsible for conducting interim analyses when 40%, 50% and 65% of the total number of anticipated events have been observed.
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BDRBF | Hot Stocks09:04 EDT Bombardier announces closing of new issuance of senior notes - Bombardier announced that it has successfully closed its previously announced offering of $1,200,000,000 aggregate principal amount of Senior Notes due June 15, 2026. The New Notes carry a coupon of 7.125% per annum and were sold at 100.000% of par. Bombardier intends to use the net proceeds of this offering of Notes to finance its previously announced tender offer for 5.750% Senior Notes due 2022, 6.000% Senior Notes due 2022 and 6.125% Senior Notes due 2023 and to pay related fees and expenses. Bombardier intends to use the remaining net proceeds from this offering of Notes for general corporate purposes, including the repayment and/or retirement of other outstanding debt.
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YVR | Hot Stocks09:03 EDT Liquid Media announce LOI to acquire Filmdab for up to 1.25M shares - Liquid Media announced the signing of a letter of intent to acquire Filmdab, which operates as "Filmocracy," a B2B2C film and festival streaming platform. Under the terms of the LOI, Liquid would acquire Filmocracy for up to 1.25M shares, and Filmocracy must achieve revenues totaling up to $66M to trigger three of the four equal tranches. "We are excited to be incorporating Filmocracy as an integral component of the Liquid Media solution for IP creators," says Ron Thomson, CEO of Liquid. "Filmocracy's team has established a powerful value proposition for extending the film festival experience across virtual audiences globally. In doing so, they are combining business-to-business and business-to-consumer models to increase revenues via SaaS sales, subscriptions, advertising, sponsorships and more. This is an explosive growth business assisting both content creators and festival operators to more effectively monetize their opportunities in new ways." Under the terms of the LOI, Liquid would acquire Filmocracy for up to 1.25M common shares of Liquid, which would be paid out to Filmocracy investors across specific performance milestones in four equal tranches of 312,500 common shares each. The first tranche of Consideration Shares would be payable upon closing, with three remaining milestones triggered by Filmocracy revenues totaling $66M in the years ahead. Additional cash would be invested in Filmocracy's ongoing operations, beginning with immediate availability of a secured bridge loan in the amount of $609K, to be applied towards working capital, technology infrastructure and marketing. Final terms of the acquisition will be negotiated and memorialized in binding and definitive documentation to be entered into at or prior to closing. Completion of the acquisition is subject to, among other things, customary due diligence as well as any necessary share issuance requirements and approvals.
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CMS RF | Hot Stocks09:03 EDT CMS Energy to sell EnerBank USA to Regions Bank for $960M in cash - CMS Energy (CMS) announced that it has executed a definitive agreement to sell its wholly-owned subsidiary, EnerBank USA, to Regions Bank, a subsidiary of Regions Financial (RF) for cash in a transaction valued at $960M. The transaction is expected to close in the fourth quarter of 2021, subject to receipt of required regulatory approvals and satisfaction of other customary closing conditions.
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HY | Hot Stocks09:03 EDT Hyster expands electric lift truck portfolio with cushion tire model - Hyster Company announces the release of its new E50-60XNL series, the industry's first cushion tire counterbalanced lift truck available in the 5,000-to-6,000-pound capacity range specifically designed around factory integrated lithium-ion power. Expanding on the GOOD DESIGN pneumatic tire model in the same capacity range released last year, the E-XNL also addresses the growing demand for electric lift truck solutions for a broad range of intense applications, including general manufacturing, metals, paper and packaging.
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CROX | Hot Stocks09:02 EDT Crocs files complaint with U.S. ITC for infringing products - Crocs announced that it has filed a complaint with the U.S. International Trade Commission, or ITC, seeking an investigation of unlawfully imported shoes into the U.S. in violation of its registered trademarks. Crocs' registered trademarks protect the brand's iconic products and designs, which are widely recognized in the footwear industry. In its ITC complaint, Crocs seeks to block the importation and subsequent sale of products into the United States that infringe on its trademark rights. The relief sought by Crocs will apply to any importer of infringing products and protect the Crocs brand from those who seek to unfairly trade off of Crocs' success, in perpetuity.
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WPRT | Hot Stocks09:01 EDT Westport announces closing of marketed public offering - Westport Fuel Systems announced the closing of its previously-announced underwritten marketed public offering of common shares in the United States and Canada for gross proceeds to the Company of $115,115,000. The Company issued a total of 20,930,000 shares, including 2,730,000 shares following the exercise in full by the underwriters of their over-allotment option. The shares were issued at a price to the public of US $5.50 per share. Westport Fuel Systems intends to use the net proceeds of the Offering primarily for capital expenditures to expand and automate production capacity of the Company's high pressure direct injection products to meet customer demand, and to advance the research and development of the Company's HPDI technology to decarbonize transportation economically and efficiently, including using hydrogen fuel. The remainder of the funds are to be allocated for potential acquisitions of bolt-on businesses that offer complementary capabilities or technologies to existing businesses, to further strengthen the balance sheet, as well as for general corporate purposes.
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OMQS | Hot Stocks09:00 EDT Omniq receives contract to deploy tech at Philadelphia International Airport - omniQ announced that it has received a contract at Philadelphia International Airport, to deploy its AI Based, EZ Edge VRS Deployment Kit which automates and monitors entry and exits of vehicles at the TNC Lane. EZ Edge operates on edge-based processing using our deep learning convolutional neural network engine along with our latest virtual loop technology. EZ Edge will be deployed at Philadelphia International Airport's TNC Lane for transportation network companies including Uber, Lyft and taxis, to help manage entrance to the TNC lot. Through a unique third party integration with omniQ, EZ Edge enables tracking of TNC vehicles on airport property as geofencing technology identifies the TNC vehicle and sends data, including the license plate number, on the approaching vehicle to omniQ. Third party partners incorporate reporting and payment portals to correctly charge the TNC vehicles.
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RELI | Hot Stocks08:57 EDT Reliance Global schedules commercial launch of 5minuteinsure.com - Reliance Global Group announced plans for the commercial launch of its 5minuteinsure.com platform in Q3 2021 and reports that its new demo video is available on the Company's website. 5minuteinsure.com is designed to utilize artificial intelligence to provide competitive insurance quotes online within five minutes, with minimal data input by the customer. 5minuteinsure.com combines the best of a traditional insurance agency, including the option for direct agent interaction with the ability to bind a policy either online or offline.
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UAVS | Hot Stocks08:56 EDT Ageagle Aerial Systems, Parrot complete integration of ground control - AgEagle Aerial Systems announced that Measure has partnered with Parrot, the leading European drone group, to integrate Measure Ground Control with Parrot's ANAFI, ANAFI USA and ANAFI Thermal drone platforms. The integration provides enterprise customers with a world-class, end-to-end solution for easily managing and scaling drone fleet operation workflows. Through a secure mobile flight management application combined with a cloud-based management portal, Measure's award-winning Ground Control software ensures safe manual and automated missions, capturing real-time data-driven insights that businesses need to reap the transformative benefits of their ANAFI drone or drone fleet. The software has been seamlessly paired with ANAFI's rapid deployment and ease of operation to provide mission personnel with Ground Control's standard flight tools, as well as the ability to tailor and expand their use through selection of additional program management and data processing capabilities.
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PAYA | Hot Stocks08:55 EDT Paya platform achieves certification for Acumatica's 2021 R1 update - Paya announced that its platform has achieved certification for Acumatica's 2021 R1 update, available across all of Acumatica's ERP editions and customer portal. Paya's advanced solution enhances back-office efficiency, offers features such as e-invoicing, automated card account updater and recurring billing. Paya delivers seamless card, ACH, and check payment acceptance, reporting, and reconciliation functionality directly into management workflows.
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ECL | Hot Stocks08:53 EDT Ecolab launches 2020 Corporate Sustainability Report - Ecolab has launched its 2020 Corporate Sustainability Report, entitled Partners for Greater Purpose: Leading in a Changing World. The report highlights Ecolab's progress toward its 2030 Impact Goals and its work with leading companies to advance environmental and operational outcomes. In 2020, Ecolab helped customers: Save 206 billion gallons of water, equivalent to the drinking water needs of 712 million people; Provide safe food to 1.3 billion people; Clean 66 billion hands; Protect 1.8 million people from infection; Avoid 3.5 million metric tonnes of greenhouse gas emissions. The report features stories of Ecolab's work with customers to reduce water, energy, greenhouse gas emissions and waste, improving operational efficiency while saving costs. Featured customers include: Global hotel company Wyndham, which partnered with Ecolab to save 160 million gallons of water annually; India-based steel company Tata Steel, which increased efficiency and reduced raw material use in its steel production process; Minnesota-based Gillette Children's Hospital, which saw increased cleaning compliance through Ecolab's Hand Hygiene Program; Indonesia-based Chandra Asri, a petrochemical company which saved $4.5 million through reduced water and energy use, waste production and greenhouse gas emissions. The 2020 report also covers Ecolab's corporate responsibility progress from the past year, including the company's work to protect its employees, customers and communities during the COVID-19 pandemic, continued efforts to advance diversity, equity and inclusion within its organization and communities, and recent efforts to advance water stewardship through collective business action through its role as a co-founding member of the Water Resilience Coalition, which aims at bringing together the 150 largest companies to reduce net water usage, as part of the UN CEO Global Water Mandate.
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GBS | Hot Stocks08:51 EDT GBS Inc. announces results from global glucose monitoring survey - GBS announced survey results from more than 300 patients globally as part of its development and go-to-market strategy. As GBS is advancing to clinical trials of its saliva glucose biosensor, it conducted a global voice of customer survey of diabetes patients to verify the desirability, discuss the applications in daily life and review the product features of its Saliva Glucose Biosensor. The comprehensive global survey featuring more than 300 patients worldwide living with diabetes revealed strong support for a non-invasive alternative to current Standards of Care (SOC) in glucose monitoring. In all target markets, 90% of patients responded positively to the Biosensor Platform. 7 out of 10 patients were "seriously interested" in purchasing the product when it's released, and 3 out of 10 wanted to be placed on the waiting list ahead of release. While patients in the U.S. indicated the price of a pain-free alternative to current glucose monitoring would play a role in determining their decision to upgrade to a new device, patients in China indicated price was not an issue, as long as the product was accurate and reliable. All devices currently available to monitor glucose levels require patients to pierce their skin and fall into three main categories: Self-monitoring blood glucose devices, where people prick their finger up to 10 times per day for testing. Continuous glucose monitoring devices, where glucose levels in fluid surrounding body cells are automatically tested with a sensor inserted under the skin and is accompanied by finger-pricking to test blood glucose when required. Flash glucose monitoring devices, where glucose levels in interstitial fluid are monitored with a sensor inserted on a patient's upper arm and a separate touchscreen reader device provides analysis, however, finger-pricking is required to test blood glucose when needed. The Saliva Glucose Biosensor is the first innovation to be developed from the Biosensor Platform and is currently being developed by GBS as a point-of-care test intended to provide patients a favorable solution to finger-prick blood glucose testing when monitoring diabetes. This alternative test offers a pain-free option to current testing methods by using an organic thin film transistor, incorporating Glucose Oxidase as the recognition element to initiate an electrochemical reaction that produces an electrical signal to display glucose measurements in real-time on an app or dedicated device. GBS intends to leverage this global survey data as part of its development and commercialization strategy once approved by healthcare regulatory agencies in the United States, Europe and Asia.
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PFPT | Hot Stocks08:49 EDT Proofpoint launches Information Protection and Cloud Security Platform - Proofpoint announced several people-centric innovations across its three flagship platforms: Threat Protection, Compliance, and the new Information Protection and Cloud Security. Available today, Proofpoint's Information Protection and Cloud Security Platform is the market's first cloud native solution that combines enterprise data loss prevention insider threat management, cloud app security broker, zero trust network access, remote browser isolation, and a cloud native web security solution.
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MCHP | Hot Stocks08:47 EDT Microchip announces qualifatication of MOSFET for space applications - Microchip Technology announced the qualification of its M6 MRH25N12U3 radiation-hardened 250V, 0.21 Ohm Rds, metal-oxide-semiconductor field-effect transistor for commercial aerospace and defense space applications. Microchip's radiation-hardened M6 MRH25N12U3 MOSFET provides the primary switching element in power conversion circuits including point-of-load converters, DC-DC converters, motor drives and controls and general-purpose switching. The MOSFET withstands the harsh environments of space, extends reliability of power circuitry and meets all requirements of MIL-PRF19500/746 with enhanced performance. Microchip completed testing for Defense Logistics Agency (DLA) review and qualification, for the device's sourcing in the U.S. military supply chain (expected JANSR2N7593U3 certification in June 2021).
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CSTM | Hot Stocks08:46 EDT Constellium set to join Russell 3000 Index - Constellium is set to join the broad-market Russell 3000 Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the U.S. market opens on June 28, 2021, according to a preliminary list of additions posted June 4, 2021.
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PHUN | Hot Stocks08:45 EDT Phunware release 'PhunWallet' mobile app - Phunware announced the initial release of its new mobile application software, PhunWallet, on Google Play for Android. PhunWallet is a cryptocurrency wallet and mobile application that supports Phunware's blockchain-enabled data exchange and mobile loyalty ecosystem powered by PhunCoin and PhunToken, respectively. While PhunCoin is a regulated store of value that seeks to compensate users for their data, PhunToken is intended to be a medium of exchange that promotes profitable behavior by unlocking key features of Phunware's Multiscreen-as-a-Service platform that reward and measure engagement. The Company expects to release PhunWallet for iOS users by the end of the month, subject to Apple App Store approval.
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OBNNF | Hot Stocks08:44 EDT Osisko Mining announces results from drill program at Windfall project - Osisko Mining is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec. Significant new analytical results presented below include 34 intercepts in 15 underground drill holes and 8 wedges. The infill intercepts are located inside defined February 2021 mineral resource estimate blocks. Selected high-grade intercepts include: 248 g/t Au over 2.2 metres in WST-21-0750; 164 g/t Au over 2.2 metres in OSK-W-21-2492-W1, 128 g/t Au over 2.3 metres in OSK-W-21-2067-W6, 56.5 g/t Au over 2.9 metres in WST-21-0655 and 46.8 g/t Au over 2.6 metres in WST-21-0727A. Mineralization occurs as grey to translucent quartz-carbonate-pyrite-tourmaline veins and pyrite replacement zones and stockworks. Vein-type mineralization is associated with haloes of pervasive sericite-pyrite +/- silica alteration and contain sulphides and local visible gold. Replacement mineralization is associated with strong pervasive silica-sericite-ankerite +/- tourmaline alteration and contains disseminated pyrite from trace to 80% with local visible gold. Pyrite stockworks can form envelopes that reach several tens of metres thick. Fuchsite alteration is common and is spatially constrained to near the gabbros. Mineralization occurs at or near geological contacts between felsic porphyritic or fragmental intrusions and the host rhyolites or gabbros and locally can be hosted along the gabbro-rhyolite contact.
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OPTT | Hot Stocks08:43 EDT Ocean Power announces planned transfer of Nasdaq listing to NYSE - Ocean Power Technologies announced that it will change its listing from the Nasdaq Capital Market to the NYSE American stock exchange. The last day of trading on the Nasdaq Capital Market is expected to be Thursday, June 17, 2021. OPT expects to commence trading as an NYSE American-listed company when markets open on Friday, June 18, 2021. The company's common stock will continue to trade under its existing "OPTT" symbol.
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CUBI | Hot Stocks08:42 EDT Customers Bancorp promotes Jennifer Frost to Chief Administrative Officer - Customers Bank is pleased to announce Jennifer Frost has been promoted to Executive Vice President and Chief Administrative Officer. Frost will also join the Management Board. Previously, Frost served as senior vice president, deputy chief administrative officer and was responsible for leading the bank's efforts to digitize many of the institution's operations and processes, as well as the products and services, with a focus on providing greater convenience and benefits to customers and team members. "Customers Bank is continuing to grow, and we are excited to elevate Jenn within the institution. Jenn has been a leader of our digitization and we look forward to her continued dedication to our customers and the contributions she will bring to the management board to increase our franchise value," stated Sam Sidhu, Vice Chairman and Chief Operating Officer of Customers Bank. Frost's experience spans more than 20 years of senior management roles of increasing responsibility within leading financial institutions. Most recently, Frost served as Executive Vice President and Deputy Chief Administrative Officer for Customers Bank. Earlier in her career, Frost held executive positions at QNB Bank, Republic First Bank and J.P. Morgan.
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CLNY | Hot Stocks08:42 EDT Colony Capital announces corporate rebranding, to change name and symbol - Colony Capital announced a corporate rebranding of the company to DigitalBridge, effective June 22. Digital Colony, the company's digital infrastructure investment platform, will also change to operate under the DigitalBridge brand. In connection with the transition, the corporate name will be changed to DigitalBridge Group, and the company will begin trading under a new NYSE ticker symbol, (DBRG), as of June 22. The company said, "The new name reflects the significant business transformation the Company has undergone since the leadership and board of directors made the bold decision to chart a new direction - years ago - realigning a diversified real estate investment firm to focus exclusively on the fast-growing digital infrastructure sector. The 'new' name, DigitalBridge, re-establishes and renews the original Digital Bridge, which combined with the Company in 2019, evoking its heritage as an early innovator in digital infrastructure, while looking forward to a fully digital, interconnected future." The company intends to share more information about its strategy and rebranding, including a new logo at its inaugural Investor Day, to be held on June 22.
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CCXI | Hot Stocks08:41 EDT ChemoCentryx announces presentations on ADVOCATE, ACCOLATE, LUMINA-1 trials - ChemoCentryx announced presentations highlighting outcomes of the company's Phase III ADVOCATE trial and Phase II ACCOLADE and LUMINA-1 trials as part of the annual meeting of the ERA-EDTA, held in Berlin, Germany and virtually June 5-8. Dr. David Jayne presented 'The Effect of Avacopan, a Complement C5a Receptor Inhibitor, on Kidney Function in Patients with ANCA-Associated Vasculitis with Renal Disease.' Dr. Jayne showed data from the Phase III ADVOCATE trial that treatment with avacopan in patients with ANCA vasculitis with renal disease led to greater recovery in estimated Glomerular Filtration Rate, a key measure of kidney function and a more rapid improvement in the urine albumin-to-creatinine ratio than prednisone, with the potential to reduce longer term risks of end stage renal failure and death. Avacopan was also featured in a clinical trial presentation: 'Orally Administered C5aR Inhibitor Avacopan in a Randomized, Double Blind, Placebo-Controlled Study for Treatment of C3G Glomerulopathy'. Dr. Andrew Bomback noted that although the number of patients in the study are too small to permit definitive conclusions, the ACCOLADE study is the largest trial yet of patients with this rare kidney disease, for which there are no approved treatments. He reported that the data suggested evidence of effect with avacopan, with a mean improvement in the disease activity score and significant improvements in the disease chronicity score and eGFR, compared to the placebo group at 26 weeks. A third abstract featured at ERA-EDTA was 'A Randomized, Double-Blind, Placebo-Controlled Dose-Ranging Study to Evaluate the Safety and Efficacy of CCX140 in Subjects with Focal Segmental Glomerulosclerosis', presented by Dr. Frank Cortazar. ChemoCentryx does not plan to pursue further development of CCX140 in FSGS.
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RVVTF | Hot Stocks08:41 EDT Revive Therapeutics partners with Supriya to pursue EUA for bucillamine - Revive Therapeutics announced it has entered into a memorandum of understanding dated June 7, 2021 with Supriya Lifescience, a specialty pharmaceutical company based in India, to pursue manufacturing of the API, conducting clinical registration and commercialization for Bucillamine to treat COVID-19 through Emergency Use Authorization in India. The relationship also sets the foundation for Revive to expand commercialization efforts globally by leveraging Supriya's extensive manufacturing and commercial network and Revive's ongoing US FDA Phase 3 clinical study results of Bucillamine to treat mild-to-moderate COVID-19.
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ALNA | Hot Stocks08:40 EDT Allena Pharmaceuticals to host KOL webinar on ALLN-346 - Allena Pharmaceuticals announced that it will host a key opinion leader webinar focused on ALLN-346, a novel oral biologic currently in Phase 1 development for the treatment of gout in the setting of chronic kidney disease, on Wednesday, June 16, 2021 at 12:00 pm Eastern Daylight Time The webinar will feature a presentation by KOL Robert Terkeltaub, M.D., University of California San Diego School of Medicine, who will discuss the current treatment landscape and unmet medical need in treating patients with gout in the setting of CKD. Dr. Terkeltaub will be available to answer questions following the formal presentations. Allena's management team will also provide an overview of the ongoing clinical development program and potential commercial opportunity for ALLN-346, which is designed to be a first-in-class, orally administered, non-absorbed, urate-degrading enzyme. Allena recently initiated a Phase 1 multiple-ascending dose study in healthy volunteers and remains on track to initiate a Phase 2a program in patients with hyperuricemia during the third quarter.
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JAZZ... | Hot Stocks08:39 EDT Rapid development of Cannabinoid based medicinal products 'reaching new levels' - The recent pandemic has, as we all know, negatively affected almost every business and financial markets across the globe... and even the seemingly ever increasing Cannabidiol markets. The global COVID-19 pandemic outbreak has had an unprecedented and staggering impact on the global economy. This has negatively affected the demand for cannabidiol across all regions amid the pandemic. The global market exhibited a lower growth of 26.42% in 2020 compared to the average year-on-year growth during 2017-2019, however the market is projected to get back on the fast track grow from USD 3,675.1 million in 2021 at a CAGR of 47.49% between 2021 and 2028. The substantial rise in CAGR is attributed to the market's demand and growth, coupled with the market functioning returning to pre-pandemic levels once the pandemic is over. Industry reports, see higher acceptance from consumers, increasing government approvals and R&D on uses of medicinal cannabis will spur the markets higher for years to come. A report from Fortune Business Insights said that: "Consumers seek innovative and healthy food products enriched with nutrients for achieving fitness goals and avoid injuries such as inflammation, pain, and others. The manufacturers are introducing products infused with novel ingredients such as CBD oil. Cannabidiol oils are the legalized and non-psychoactive element of cannabis that has conquered several industries such as food, health products, pharma & beauty, and others. According to the Harvard Health Institute 2018, CBD is commonly utilized to address human life's health issues such as insomnia, anxiety, etc. Thus, the demand for such innovative CBD products from the consumer end proliferates to maintain a healthy life balance." Active Companies active today in the cannabis related markets include: Jazz Pharmaceuticals (JAZZ), Rapid Therapeutic Science Laboratories, Inc. ( RTSL), Intec Pharma Ltd. (NTEC), Cara Therapeutics, Inc. (CARA), Arena Pharmaceuticals ARNA).
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EVOK | Hot Stocks08:38 EDT Evoke Pharma announces FDA orange book listing of patent for Gimoti - Evoke Pharma announced that its US patent for Gimoti nasal spray is now listed in the U.S. Food and Drug Administration publication, "Approved Drug Products with Therapeutic Equivalence Evaluations", commonly known as the "Orange Book." 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. FDA approved the New Drug Application for Gimoti in June 2020. "We are pleased to expand and strengthen our intellectual property protection for Gimoti through the listing of our latest patent in the FDA's Orange Book," commented David Gonyer, President and Chief Executive Officer of Evoke Pharma. "We firmly believe Gimoti, as the first and only outpatient non-oral treatment option for gastroparesis, offers an innovative option for treating patients that have erratic absorption of oral medications. We are excited to protect our technology for Gimoti's method of use and look forward to continuing our mission to improve the quality of life for patients suffering from diabetic gastroparesis."
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BCO | Hot Stocks08:37 EDT Brink's affirms 2021 revenue growth guidance of 21%, $4.45B at the midpoint - Two est. $4.41B. The Brink's Company announced that it affirmed its 2021 guidance including revenue growth of 21% to approximately $4.45B at the midpoint, which is up 10% on an organic basis. The company expects 2021 adjusted EBITDA growth of 25% to approximately $705M. In 2022, management is targeting organic revenue growth of 5% to 7%, adjusted EBITDA growth in the mid-teens to a range between $785M and $825M, and free cash flow growth of more than 50% to a range between $350M and $400M. The company provided the update in advance of its June 8 participation in the 2021 Baird Global Consumer, Technology and Services Conference. Doug Pertz, president and chief executive officer, said: "Based on improving economic trends in most of our major markets, and the continued strong use of cash as a major method of payment, we continue to expect an accelerating recovery from the global pandemic. On an organic basis, excluding the impact of acquisitions and foreign exchange, year-to-date revenue through April has recovered to 96% of pre-pandemic 2019 pro forma levels. We are particularly encouraged by the fact that our revenue recovery through April was achieved despite unforeseen pandemic-related shutdowns in several European and South American countries. We expect revenue and profit growth to accelerate as we move through 2021, especially in the second half. Our confidence is based on a continued global economic recovery, growing contributions from the G4S and PAI acquisitions, the impact of our cost reductions, and normal seasonality. Our 2021 guidance, and our expected post-pandemic return to mid-single-digit organic revenue growth and double-digit profit growth, are driven primarily by our core operations. Our strategy 2.0 digital initiatives, with the exception of the PAI acquisition, are not included in our current outlook for 2021 or 2022, though we expect these initiatives to drive additional organic revenue and profit growth in 2022 and beyond. We plan to disclose additional financial targets for 2022 and 2023 at our Investor Day event in November."
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GNSS | Hot Stocks08:36 EDT Genasys announces $9M Mobile Mass Notification Systems order from US Army - Genasys announced the U.S. Army has placed a follow-on $9M 360XT Mobile Mass Notification Systems order. This is the company's single largest mass notification systems order to date. "This order is the result of working with the Army over the last 4 years on the certification of a military qualified 360XT," said Richard S. Danforth, Chief Executive Officer of Genasys Inc. "After initial systems orders in 2018 and 2020, the military 360XT was selected to supply a vital communications capability for the Army's Integrated Base Defense kits. The 360XTs will be deployed overseas on forward operating bases to provide emergency alerts, warnings, and general mass notification to help protect Soldiers."
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MDXG | Hot Stocks08:34 EDT MiMedx receives regulatory approval to commercialize EPIFIX in Japan - MIMEDX announced successful regulatory approval by the Japanese Ministry of Health, Labour and Welfare to market EPIFIX in Japan. MIMEDX submitted a Shonin to the JMHLW, Japan's primary regulatory body for creating and implementing safety standards for drugs and medical devices, and the Pharmaceutical and Medical Device Agency, an independent administrative agency that works with JMHLW to ensure the safety and quality of drugs and medical devices, in mid-2020. EPIFIX was approved for hard-to-heal chronic wounds, such as diabetic foot ulcers and venous leg ulcers, which do not respond to conventional therapy. EPIFIX will be classified as a Class IV Medical Device and "Specified Biological Product" under JMHLW guidelines. The company is currently working with JMHLW to establish reimbursement pricing, a process expected to take up to six months. Once a reimbursement pricing policy is approved and the reimbursement rate is listed, the company can begin offering EPIFIX to patients and providers in Japan.
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CRDF | Hot Stocks08:33 EDT Cardiff Oncology doses first patient in Phase 2 clinical trial of onvansertib - Cardiff Oncology announced that the first patient has been dosed in its Phase 2 clinical trial of onvansertib in combination with nanoliposomal irinotecan and 5-FU as a second-line treatment for metastatic pancreatic ductal adenocarcinoma, or PDAC. The Phase 2 open-label, multicenter trial, which is an integral part of Cardiff Oncology's focus on KRAS-mutated solid tumor cancers, is designed to assess the safety and preliminary efficacy of onvansertib in combination with standard-of-care as a second-line treatment in patients with metastatic PDAC who have failed first-line gemcitabine-based therapy. The trial is expected to enroll approximately 40 patients across six sites in the U.S., including the three Mayo Clinic Cancer Centers, Kansas University Medical Center, The University of Nebraska Medical Center and Inova Schar Cancer Institute.
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PAA PAGP | Hot Stocks08:33 EDT Plains All American executes agreements for sale of natural gas storage assets - Plains All American and Hartree Partners announced the execution of definitive agreements whereby Plains will sell its Pine Prairie and Southern Pines natural gas storage facilities to an affiliate of Hartree for a total cash consideration of $850M. The assets included in the transaction consist of approximately 70 billion cubic feet of total working gas capacity across nine caverns, along with associated base gas, header pipelines and compression facilities. Subject to the receipt of regulatory approvals and customary closing conditions, the transaction is expected to close in the third quarter of 2021. As of June 30, 2021, Plains will re-classify the assets associated with the transaction to "held for sale" on its balance sheet and recognize a corresponding non-cash loss of approximately $480M in accordance with GAAP requirements.
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FCEL | Hot Stocks08:32 EDT FuelCell announces departure of Executive Vice President, General Counsel - FuelCell Energy announced that Jennifer Arasimowicz, Executive Vice President, General Counsel, Chief Administrative Officer and Corporate Secretary, has elected to resign effective June 25, 2021 to pursue an opportunity with another company. Joshua Dolger has been appointed to the positions of Interim General Counsel and Corporate Secretary, effective June 25, 2021, while the Board of Directors considers both internal and external candidates for Jennifer's replacement.
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CLPS | Hot Stocks08:32 EDT CLPS forms joint venture with Columbus Century Development - CLPS announced that it has formed a joint venture with Columbus Century Development, a blockchain technology solutions provider. The joint venture aims to develop and upgrade blockchain-based digital asset solutions for financial institutions. Such digital asset solutions include custody, exchange, payment, and non-fungible token, or NFT, distribution platforms, particularly in wealth management and various investment transactions, among others. On June 4 CLPS, through its wholly owned subsidiary, Growth Ring, entered into a shareholder agreement with Columbus. Pursuant to the Agreement, both parties have agreed to establish a British Virgin Islands joint venture company within 30 days after the signing, and will eventually plan to set up wholly owned subsidiaries in Hong Kong SAR and Hainan. Upon closing of the transaction, CLPS and Columbus will hold 55% and 45% of the Joint Venture's shares, respectively.
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RMBL | Hot Stocks08:31 EDT RumbleON announces passing of Steven Berrard, Chief Financial Officer - RumbleOn announces the unexpected passing of Steven Berrard, the Company's Chief Financial Officer and a member of the Board of Directors, on Monday evening. "It is with great sadness that we announce the passing of our dear friend, Steve Berrard. On behalf of the RumbleOn family, its Board of Directors and management team, we extend our deepest sympathies to Steve's wife, his five children, and his family, all of whom he deeply cherished," said Marshall Chesrown, RumbleOn's Chairman and Chief Executive Officer. "Steve was a larger-than-life figure who brought his remarkable experience and passion to RumbleOn. He was, and always will be, the symbol of RumbleOn's core values and dedication to our employees, partners, and the powersports enthusiasts who embraced our mission. Steve was truly a business visionary who saw our pending combination with RideNow as the culmination of his life's work. We can do him no greater honor than to continue his work and complete what we have begun," concluded Marshall. RumbleOn's key leadership is meeting in Charlotte, North Carolina today to support Steve's wife and children. The Company remains resolute in its, and Steve's, vision for RumbleOn, and we will share additional information in the coming days.
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MT | Hot Stocks08:27 EDT ArcelorMittal announces results of General Meetings - The Annual General Meeting and Extraordinary General Meeting of shareholders of ArcelorMittal held approved all resolutions by a strong majority. Over 73.5% of the voting rights were represented at the General Meetings. In view of the Covid-19 outbreak, the Board of Directors of ArcelorMittal had decided to hold this year's General Meetings by virtual-only format, as permitted by Luxembourg law. The meeting was preceded by a virtual one-hour Q&A session with shareholders. Arrangements were made to allow shareholders to vote electronically and by proxy voting. The results of the votes will be posted shortly on https://corporate.arcelormittal.com under 'Investors - Equity investors - Shareholders events - AGM - General Meetings of shareholders, 8 June 2021' where the full documentation regarding the General Meetings is available. In particular, the shareholders, approved the distribution of a dividend of 30c per share, the re-election of Mrs. Karyn Ovelmen and Mr. Tye Burt and the election of Mrs. Clarissa Lins as directors of ArcelorMittal, for a term of three years each. Shareholders also approved the decision to cancel shares and to consequently reduce the issued share capital following the cancellation of shares repurchased under its share buyback program as required.
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OTLK | Hot Stocks08:26 EDT Outlook Therapeutics reports completion of patient dosing in ONS-5010 trial - Outlook Therapeutics reported that it has administered the final dose to the last patient enrolled in its pivotal NORSE TWO safety and efficacy study evaluating ONS-5010 for treatment of wet age-related macular degeneration. Topline data are expected to be reported for NORSE TWO in the third calendar quarter of 2021. The NORSE TWO pivotal Phase 3 clinical trial enrolled a total of 228 wet AMD patients at 39 clinical trial sites in the United States. Patients in the trial are being treated for 12 months. The primary endpoint for the study is the difference in proportion of patients who gain at least 15 letters in the best corrected visual acuity at 11 months for ONS-5010 dosed on a monthly basis, compared to LUCENTIS(R), which is being dosed quarterly per the PIER regimen.
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AYRO | Hot Stocks08:25 EDT AYRO receives $2M purchase order for new Club Car current EV - AYRO announced the receipt of an initial purchase order valued at $2M, subject to the terms and conditions of the Master Procurement Agreement executed March 13, 2019. This immediately follows the launch of the 2022 Club Car Current, the next generation of the Club Car 411. "This first purchase order signals the strong, and immediate, demand for the Club Car Current as business sustainability goals and EV adoption increase," the company said. "Club Car has been a strong partner for getting our light-duty, low-speed EVs to customers that need them, and this purchase order is a great example of our successful collaboration," said Rod Keller, CEO of AYRO. "The Club Car Current navigates campuses and narrow urban streets seamlessly while also carrying significant loads for meeting last-mile distribution challenges-this is something most other EV's are not designed to handle." Karma Automotive will assemble the Club Car Current at its Innovation and Customization Center in Moreno Valley, California as part of its strategic partnership with AYRO announced last year.
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KDNY | Hot Stocks08:22 EDT Chinook Therapeutics presents BION-1301 interim phase 1/2 data - Chinook Therapeutics announced the presentation of data from the ongoing phase 1/2 study of BION-1301 in patients with IgAN. The findings were presented in an oral presentation at the 58th European Renal Association - European Dialysis and Transplant Association Virtual Congress. FC 040: Interim Results of Phase 1 and 2 Trials to Investigate the Safety, Tolerability, Pharmacokinetics, Pharmacodynamics, and Clinical Activity of BION-1301 in Patients with IgA Nephropathy. BION-1301 is a novel anti-APRIL monoclonal antibody currently in phase 1/2 clinical development for IgAN. Blocking APRIL is a potential disease-modifying approach to treating IgAN by reducing circulating levels of galactose-deficient IgA1 to prevent the formation of immune complexes that deposit in the glomeruli of the kidney, causing injury. Part 3 of the ongoing phase 1/2 multi-center trial is evaluating the safety, tolerability, PK and pharmacodynamics of BION-1301 in patients with IgAN in an open-label setting. Patients in Cohort 1 receive an intravenous dose of 450 mg of BION-1301 every two weeks for up to 52 weeks. Patients in subsequent cohorts in Part 3 will be dosed subcutaneously. Key highlights from the oral presentation include the following: BION-1301 has been well-tolerated to date in patients with IgAN, with no treatment-related adverse events, SAEs, infusion-related reactions or treatment discontinuations due to adverse events. The PK plasma exposures of BION-1301 observed in patients with IgAN have been consistent with those previously reported in healthy volunteers. BION-1301 has durably reduced serum IgA and IgM levels, and to a lesser extent IgG levels, highly consistent with the kinetics and magnitude of immunoglobulin response previously reported in healthy volunteers. BION-1301 treatment has also resulted in significant and sustained reductions in Gd-IgA1. Ex vivo mesangial cell hyperproliferation, induced by IgA-containing plasma fractions isolated from patients treated with BION-1301, was attenuated, suggesting a reduction in circulating pathogenic IgA-containing immune complexes following BION-1301 treatment. BION-1301 demonstrated a clinically meaningful mean reduction in 24-hour UPCR in the first several patients with IgAN enrolled in the study. The UPCR reductions began after the first month of treatment and were evident by three months in patients with baseline UPCR levels ranging from 530 - 4551 g/g. Cohort 2 in Part 3 of the ongoing phase 1/2 study will soon begin enrolling patients with IgAN utilizing subcutaneous administration of BION-1301. To help inform future patient selection for clinical studies of BION-1301, biomarker analysis from IgAN patient serum in the NURTuRE CKD patient biobank is also ongoing, integrating patient characteristics, disease progression, kidney histopathology as well as transcriptomics and proteomic analysis.
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IMMP | Hot Stocks08:21 EDT Immutep announces anti-LAG-3 research program - Immutep is pleased to provide an update on its preclinical development pipeline. Under the collaboration project commenced in 2019 with Cardiff University, the Company has advanced the discovery and development of a new generation of small molecule anti-LAG-3 therapies. The ultimate aim of the project is to make an oral treatment available to cancer patients and at a lower cost compared with the current anti-LAG-3 antibodies being developed by several companies. The project brings together Immutep's deep experience in LAG-3 biology, with the expertise of Cardiff University Professors Andrew Godkin and Andrea Brancale. Prof Godkin is the University Theme Lead in Immunology in the College of Biomedical Life Sciences and Prof Brancale is Professor of Medicinal Chemistry at the School of Pharmacy and Pharmaceutical Sciences. Under the Agreement, all intellectual property relating to lead compounds as well as derivatives thereof, will be jointly owned by Immutep and Cardiff University. Immutep will have exclusive rights to develop and commercialise the new molecules in the clinic according to pre-defined licensing terms. The Agreement builds on a Material Transfer Agreement signed by Immutep SAS and Cardiff University in 2015. As announced on 31 August 2020, the Australian Research Council awarded Immutep and research partner Monash University a grant under the ARC's Linkage Project scheme to support their research collaboration into LAG-3 for a further three years. Monash University's research team for the project is led by Professor Jamie Rossjohn, an ARC Laureate Fellow at the Monash Biomedicine Discovery Institute and Professor in Structural Immunology at Cardiff University.
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INVZ | Hot Stocks08:20 EDT Innoviz Technologies and Cron AI announce new partnership - Adaptive 3D edge perception platform company Cron AI and Innoviz Technologies announced a new partnership to deliver an enhanced deep learning enabled perception solution for 3D point cloud data on the sensing edge. The collaboration between Innoviz and Cron AI will accelerate the adoption of the InnovizOne LIDAR sensor and Cron AI's senseEDGE platform into the intelligent transport systems, V2X and smart city markets.
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PRCH | Hot Stocks08:18 EDT Homeowners of America introduces services in Illinois - Homeowners of America announced the launch of service in Illinois. Porch completed its acquisition of HOA in April 2021 with plans to drive growth in HOA's current markets and begin national expansion. HOA now operates in seven states including Illinois. Porch is supporting HOA insurance operations expertise with its low cost and early access to homebuyers who need insurance and robust property data that is unique to Porch.
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OCUP | Hot Stocks08:18 EDT Ocuphire Pharma announces appointment of Jay Pepose to board of directors - Ocuphire Pharma announced the appointment of Jay Pepose, M.D., Ph.D., to its Board of Directors. Concurrent to Pepose's appointment at Ocuphire's annual shareholder meeting on June 7, Alan Meyer, MBA, retired from his role on the Board of Directors, having served since April 2018. Pepose is the founder and the current Medical Director of the Pepose Vision Institute, and also founded the Midwest Corneal Research Foundation, now the Midwest Vision Research Foundation, as an independent spinout of the Pepose Vision Institute.
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XELA | Hot Stocks08:18 EDT Exela Technologies extends partnership with care services insurance company - Exela Technologies announced extension and expansion of its partnership with one of the largest specialty care services insurance carriers in the country. This engagement leverages Exela's powerful cloud-based digital exchange platform for the insurance industry, PCH Global, that provides a single point of access for claims management, correspondence and payments, to expand the current deployment to approximately 3,800 specialists as registered users within the customer organization using Exela's proprietary workflow and rule engines across all aspects of the health claims spectrum including behavioral health. As part of a broader evolution of this relationship, Exela will collaborate with the customer to ultimately connect 27,000 unique providers to PCH Global to help drive digital clean claims submission and communication to improve transparency and reduce administrative costs. Exela continues to invest in expanding PCH Global capabilities to provide a cloud hosted solution with one of the best edit resolutions for healthcare claims. This expansion of deployment marks another milestone in PCH Global platform's growing value proposition in healthcare to digitally connect members, providers and insurance companies for clean claims, payment transparency and digital appeals.
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HON | Hot Stocks08:17 EDT Honeywell Quantum Solutions, Cambridge Quantum Computing to combine - Honeywell announced that Honeywell Quantum Solutions and Cambridge Quantum Computing will combine to form the largest, most advanced standalone quantum computing company in the world, setting the pace for what is projected to become a $1T quantum computing industry over the next three decades. Quantum computing will remain a key breakthrough initiative for Honeywell. After the transaction is complete, Honeywell will own a majority stake in the new company, with commensurate governance rights. In addition, Honeywell will invest between $270M-$300M in the new company and will have a long-term agreement to help manufacture the critical ion traps needed to power the quantum hardware. Honeywell's businesses will continue to serve as a proving ground for the new company's quantum offerings. The combination is expected to be complete in the third quarter, subject to regulatory approvals and customary closing conditions. Honeywell Chairman and CEO Darius Adamczyk will serve as chairman of the new company. The new company will be led by Ilyas Khan, the CEO and founder of CQC. Tony Uttley, currently the president of HQS, will serve as the new company's president. There is no change to Honeywell's 2021 financial outlook as a result of the transaction.
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MYO | Hot Stocks08:17 EDT Myomo provides update on CMS discussions - Myomo provided an update regarding its application for a Healthcare Common Procedure Coding System Level II code change and benefit category redetermination for HCPCS codes L8701 and L8702 submitted in January 2021. The Centers for Medicare & MedicaidCMS-1738-P, "Medicare Program; Durable Medical Equipment, Prosthetics, Orthotics and Supplies policy Issues and Level II of the Healthcare Common Procedure Coding System (HCPC mitigation plan.(85 Fed. Reg. 70358, November 4, 2020). With the change in CMS leadership and continued COVIDning, finalization of the Proposed Rule has been delayed. As a result, Myomo withdrew its HCPCS code change application and intends to meet with CMS to continue discussions for finalizing the appropriate Medicare benefit category, coverage and fee publications for HCPCS codes L8701 and L8702. The Company intends to continue with its current business strategy of serving patients with certain Medicare Advantage, commercial and government health insurance plans. Paul R. Gudonis, Chief Executive Officer of Myomo commented, "Since a new CMS Administrator was only recently confirmed, we decided that it was in the Company's best interest to withdraw our application until the Proposed Rule is finalized. We intend to resubmit our coding application at that time. Due to recent actions by the new Administration, over 800,000 more Americans now have access to health insurance and we are pleased to see this broader access. We look forward to working with new CMS leadership and staff to enable more individuals with dysfunctional arms to gain access to a MyoPro brace to restore their arm and hand function and reduce their overall cost of care."
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RDVT | Hot Stocks08:17 EDT FOREWARN partners with Knoxville Area Association of REALTORS - FOREWARN announced that the Knoxville Area Association of REALTORS has contracted to make FOREWARN services available for the 4,400+ REALTOR members it serves throughout Anderson, Blount, Campbell, Cumberland, Fentress, Knox, Loudon, Monroe, Morgan, Roane, Scott, and Union Counties to promote proactive real estate agent safety.
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ICAD | Hot Stocks08:16 EDT iCAD signs global distribution agreement with Sectra - iCAD announced it has signed a worldwide distribution agreement with Sectra. Through this agreement, ProFound AI and ProFound AI Risk will be offered through the Sectra Amplifier Marketplace, which will expand their access to more facilities and imaging centers worldwide. "iCAD's technology offers unparalleled benefits to clinicians and patients alike. ProFound AI is clinically proven to enhance breast cancer screening by improving radiologists' accuracy and efficiency. ProFound AI Risk is the first and only commercially available clinical decision support tool that provides an accurate two-year breast cancer risk estimation that is personalized for each woman, based solely on a screening mammogram," according to Michael Klein, Chairman and CEO of iCAD. "These technologies empower clinicians to provide more accurate and personalized breast cancer screening."
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PCRX | Hot Stocks08:15 EDT Pacira reports preliminary sales of $42.2M for May - Pacira BioSciences reported preliminary unaudited net product sales of EXPAREL and iovera degrees of $41.2M and $1M, respectively, for the month of May 2021. EXPAREL average daily sales for the month of May 2021 were 162 percent of May 2020 and 105 percent of April 2021. Sales in May 2020 were negatively impacted by significant restrictions that were in place for elective procedures due to the COVID-19 pandemic. The company's 2021 product sales continue to be negatively impacted by the COVID-19 pandemic, which mandated significant postponement or suspension in the scheduling of elective surgical procedures resulting from public health guidance and government directives. Elective surgery restrictions began to lift on a state-by-state basis in April 2020. In order to provide greater transparency, the company will continue to report monthly intra-quarter unaudited net product sales until it has gained enough visibility around the impacts of COVID-19. The company is also providing weekly EXPAREL utilization and elective surgery data within its investor presentation, which is accessible at investor.pacira.com. The financial information included in this press release is preliminary, unaudited, and subject to adjustment. It does not present all information necessary for an understanding of the company's financial results for the second quarter or full year 2021.
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CRNC | Hot Stocks08:14 EDT Pioneer, Cerence enter strategic partnership to develop AI solutions for cars - Pioneer and Cerence announced that the companies have reached an agreement for a strategic partnership to develop scalable, secure, AI-powered products and services for the mobility world. The intent of the agreement is to combine the technologies of Pioneer, which provides in-car equipment and mobility services, and Cerence, which provides conversational AI to mobility OEMs and automakers, to utilize the companies' respective knowledge and technologies to "accelerate innovation and develop products and services that enhance mobility experiences for drivers and passengers globally," the companies said. "Together, the companies will jointly develop an integrated hardware and software product based upon Pioneer's industry-leading technological capabilities and solution services, globally deployed in more than 10M in-car infotainment systems annually, and Cerence's AI-powered automotive assistant platform that leverages cloud-based conversational AI to deliver an intuitive, intelligent in-car experience that makes travel safer, smarter and more comfortable," the companies added.
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NI | Hot Stocks08:13 EDT NiSource announces top management appointments - NiSource announced that Melanie Berman has been named Senior Vice President & Chief Human Resources Officer and Carlos Ayala has been named Vice President & Chief Diversity, Equity & Inclusion Officer. In her new role, Berman will lead the human resources function to enable high performance, build talent, shape the evolution of the company's culture and deliver a rewarding employee experience. She will be responsible for NiSource's HR business partnering, employee relations, talent management, organization development, labor relations, compensation and benefits. Berman most recently led HR at The Michaels Companies where she was Executive Vice President, Chief Human Resources Officer. In her over 15-year career in various HR leadership roles, Berman has led teams through major strategic projects, improved the ability to attract and retain key talent, and revamped incentive and compensation programs. In his new role, Carlos Ayala will partner with stakeholders and sponsors across the organization to enhance and implement an organization-wide diversity, equity and inclusion vision and strategy that aligns with the organization's strategic goals.
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IGXT | Hot Stocks08:13 EDT IntelGenx enters Materials Transfer Agreement with veterinary health company - IntelGenx announced that it has entered into a Materials Transfer Agreement with an undisclosed global veterinary health company. Pursuant to the Agreement, the Partner will evaluate IntelGenx's proprietary VetaFilm platform in cats. Based on a successful evaluation, IntelGenx and the Partner will enter into negotiations for a commercial agreement in the veterinary field.
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KOPN | Hot Stocks08:13 EDT Kopin gets additional $1.6M order for the F-35 joint strike fighter program - Kopin announced it has received an approximately $1.6M follow-on order of its high-brightness liquid crystal display for the F-35 Joint Strike Fighter program. With the F-35 scheduled for production through 2030, Kopin expects additional orders over the life of the program. The F-35, the world's most advanced jet fighter, is a family of single-seat, single-engine, all-weather, day and night stealth, multirole combat aircraft. The jet is designed to perform both air superiority and strike missions while also providing electronic warfare and intelligence, surveillance, and reconnaissance. Much of the functionality is enabled through an advanced extreme augmented reality (AR) helmet, which provides the pilot with vast quantities of flight, tactical, and sensor information for advanced situational awareness, precision and safety. The extensive functionality and extreme conditions require unique display technology and Kopin is the sole supplier to this production program. The largest procurement program in the Department of Defense, the F-35 strike fighter aircraft is being procured in different configurations for multiple arms of the DOD, including the United States Air Force, Marine Corps, and Navy. Kopin has been the sole-supplier of microdisplays for the F-35 pilot helmets since the program inception providing thousands of displays, to-date.
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INFN | Hot Stocks08:12 EDT PEACE Cable, PCCW Global use Infinera's ICE6 for PEACE submarine cable system - PEACE Cable International Network and PCCW Global announce that they will deploy the Infinera ICE6 optical engine solution on the Mediterranean Segment of the Pakistan & East Africa Connecting Europe, or PEACE, submarine cable system. The Infinera optical engine solution will provide the PEACE submarine cable system with the ability to transmit a capacity of nearly 25 terabits per fiber pair.
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ORMP | Hot Stocks08:11 EDT Oramed enrolled over 50% of patients for Phase 3 ORA-D-013-1 study - Oramed Pharmaceuticals announced that it has enrolled and randomized over 50% of the 675 patients planned for its Phase 3 ORA-D-013-1 study of its oral insulin capsule ORMD-0801 for the treatment of type 2 diabetes, or T2D. ORA-D-013-1 is the larger of Oramed's two Phase 3 studies being conducted under U.S. FDA approved protocols to treat T2D patients who have inadequate glycemic control over a period of 6 to 12 months. The concurrent study, ORA-D-013-2, commenced enrollment in March for a planned 450 patients. Efficacy data for ORA-D-013-1 will become available after all patients have completed the first 6-month treatment period.
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GH | Hot Stocks08:10 EDT Guardant Health appoints Chris Freeman as Chief Commercial Officer - Guardant Health announced the appointment of Chris Freeman as the company's new Chief Commercial Officer for its oncology business, effective June 8, 2021. Chris brings significant experience successfully building and managing pharmaceutical and biotechnology brands through all stages of commercialization, which will be invaluable as the company's oncology portfolio expands to cover advanced and earlier stage cancers.
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CLSN BCLI | Hot Stocks08:10 EDT Celsion appoints Stacy Lindborg to board of directors - Celsion (CLSN) announced the appointment of Stacy Lindborg, Ph.D. to its Board of Directors, effective June 4, 2021. Lindborg's appointment fills the vacancy created by Alberto Martinez upon his retirement from Celsion's Board on December 31, 2020. Dr. Lindborg brings to Celsion more than 25 years of pharmaceutical industry experience. Lindborg's holds the position of Executive Vice President and Global Head of Clinical Research at Brainstorm Cell Therapeutics (BCLI).
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AQMS | Hot Stocks08:09 EDT Aqua Metals to join Russell Microcap Index - Aqua Metals announced that it will join the Russell Microcap Index effective June 28, 2021, at the conclusion of the 2021 Russell Microcap Index's annual reconstitution. Aqua Metals was identified on the preliminary list of additions that were posted on June 4, 2021.
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UAN | Hot Stocks08:09 EDT CVR Partners announces $550M private placement of senior secured nots - CVR Partners announced that, subject to market conditions, CVR Partners and its wholly owned subsidiary, CVR Nitrogen Finance Corporation, intend to offer for sale to eligible purchasers in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended, $550 million in aggregate principal amount of senior secured notes due 2028. CVR Partners intends to use the proceeds of the Offering to fund a partial redemption of the Issuers' outstanding 9.250% Senior Secured Notes due 2023. CVR Partners also announced that the Issuers have delivered a notice of conditional partial redemption for $550 million of the Issuers' outstanding 2023 Notes at a par redemption price, plus accrued and unpaid interest on the 2023 Notes, to be redeemed on June 23, 2021. The Issuers' obligation to redeem the 2023 Notes is conditioned upon the prior consummation of the Offering on or prior to the Redemption Date, in an aggregate principal amount that results in gross proceeds of at least $550 million. CVR Partners will publicly announce and notify the holders of the 2023 Notes and the Trustee if any of the foregoing conditions are not satisfied, whereupon the partial redemption will be revoked and the 2023 Notes will remain outstanding. As of March 31, 2021, there were outstanding $645 million aggregate principal amount of 2023 Notes. Wilmington Trust, National Association is the trustee for the 2023 Notes and is serving as the paying agent for the partial redemption.
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PMBC GAIN | Hot Stocks08:08 EDT Pacific Mercantile provides $7.5M line of credit to Mason-West - Pacific Mercantile Bank (PMBC), the wholly owned subsidiary of Pacific Mercantile Bancorp, announced that it has provided a $7.5M revolving line of credit to Mason-West, the western regional distributor of engineered seismic restraint systems and vibration isolation products manufactured by Mason Industries. Along with the financing, Mason West utilizes a full suite of Pacific Mercantile Bank's treasury management products and services. Mason West is a portfolio company of Gladstone Investment Corporation (GAIN) and KCM Capital Partners.
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CLOV | Hot Stocks08:06 EDT Clover Health up 36% in pre-market as top trending ticker on StockTwits - Shares of Clover Health are up another 36% at $16.23 in pre-market trading following yesterday's 32% rally. The stock is a top-trending ticker on StockTwits in terms of message volume this morning.
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KTOS | Hot Stocks08:05 EDT Kratos Defense completes milestone for advanced space radio monitoring system - Kratos Defense & Security Solutions announced that it has successfully completed the Critical Design Review for the build out of the advanced space radio monitoring system for the Communications Regulatory Authority of the State of Qatar. The advanced space radio monitoring system includes a fixed site and mobile unit to monitor satellite downlinks to manage and protect the spectrum. The comprehensive system includes Kratos' antennas, satellite monitoring and geolocation products, and an Unmanned Aerial Vehicle spectrum analysis solution to detect and mitigate any potential interference events.
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VBIV | Hot Stocks08:04 EDT VBI Vaccines granted fast track designation for VBI-1901 by FDA - VBI Vaccines announced that the FDA granted fast track designation for VBI-1901, VBI's cancer vaccine immunotherapeutic candidate for the treatment of recurrent glioblastoma, or GBM, patients with first tumor recurrence.
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WMT | Hot Stocks08:04 EDT Service Finance Company launches home improvement program with Sam's Club - Service Finance Company and Sam's Club announced the launch of a new home services program, Sam's Club Home Install Experts by Service Finance, that connects Sam's Club members with highly-rated local home improvement contractors that have been vetted by Service Finance and enrolled as authorized Service Finance Dealers. Products and Services available through this program include HVAC, roofing, siding, window and door installation, bathroom renovations, kitchen renovations, as well as gutters and flooring products. The relationship with Sam's Club comes as Americans continue to invest in home renovation and improvement projects. Sam's Club Home Install Experts by Service Finance takes the guesswork out of finding and securing a home improvement contractor with its simple online platform - giving Sam's Club members the additional benefit of 10% Discount Off Everyday Dealer Pricing with promotional financing available through Service Finance Dealers.
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FTAI X | Hot Stocks08:03 EDT Fortress Transportation acquires Transtar from US Steel for $640M - Fortress Transportation and Infrastructure Investors (FTAI) announced that it has agreed to purchase United States Steel's (X) rail operating subsidiary, Transtar, for $640M. The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions including receipt of certain regulatory approvals. Transtar is comprised of six operating freight railroads connected to USS's production facilities. Of the six railroads, one serves Gary Works, USS's largest manufacturing plant and one serves Mon Valley Works, USS's lowest cost facility in the flat-rolled segment. FTAI and USS also agreed to enter into an exclusive strategic rail partnership under which FTAI will provide rail service to USS for an initial term of 15 years with minimum volume commitments for the first five years.
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APO | Hot Stocks08:03 EDT Funds managed by affiliates of Apollo Global to acquire TOPS from Black Bay - Funds managed by affiliates of Apollo Global Management announced that they have acquired a majority interest in Total Operations and Production Services from Black Bay Energy Capital. TOPS is a leading provider of contract gas compression services for the Permian Basin, with a focus on electric driven compression systems that offer customers improved performance and reduced emissions. TOPS will continue to be headquartered in Midland, Texas and led by L.D. Green, Chief Executive Officer, and Brian Green, Chief Operating Officer. The investment from the Apollo Funds will help TOPS support continued growth in customer demand and allow TOPS to expand its capabilities to better serve the growing market for electric driven compression for gas lift and other applications. TOPS' proprietary electric compressor design and controls continue to gain traction in the market as operators seek to reduce costs, increase runtime and lower carbon footprints. Vinson & Elkins LLP acted as legal counsel to the Apollo Funds. Fishman Haygood acted as legal counsel to TOPS and Black Bay. J.P. Morgan supported the transaction through an upsized credit facility.
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X FTAI | Hot Stocks08:03 EDT U.S. Steel to sell Transtar to Fortress Transportation affiliate for $640M - U. S. Steel (x) announced that it has agreed to sell Transtar to an affiliate of Fortress Transportation and Infrastructure (FTAI) for $640M. The transaction is expected to close in Q3, subject to customary closing conditions including receipt of certain regulatory approvals. U. S. Steel plans to use the proceeds of the sale to strengthen its balance sheet, including deleveraging. The company will recognize an initial 15-year contract to maintain the existing operations at the six operating railroads that make up Transtar.
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INO | Hot Stocks08:02 EDT Inovio to expand partnership with Advaccine Biopharmaceuticals Suzhou - INOVIO announced an expansion of its previously announced partnership with Advaccine Biopharmaceuticals Suzhou to jointly conduct a global Phase 3 segment of the ongoing Phase 2/3 trial called INNOVATE. Together, the companies will evaluate the safety and efficacy of INO-4800 in a two-dose regimen, administered one month apart, in a two-to-one randomization in subjects 18 years and older across several countries, primarily in Latin America and Asia. The primary endpoint of the Phase 3 segment will be virologically confirmed COVID-19 disease. The 2.0 mg dose was selected from the Phase 2 segment, where INO-4800 was shown to be generally well-tolerated and immunogenic in all tested age groups.
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UIS | Hot Stocks08:00 EDT Unisys' Swiss subsidiary transfers pension plan to collective foudation - Unisys announced its Swiss subsidiary has transferred its pension plan to a multi-employer collective foundation. This agreement results in the removal of projected benefit obligations related to the retirees under the plan, valued at approximately $103M, from the company's balance sheet. This action, combined with the company's previously-announced lump-sum cash-out offer and separate annuity purchase for its U.S. pension plans, and transfer of its Dutch pension plan to a multi-employer fund, accomplishes the company's goal of removing a total of approximately $1.2B of pension obligations from its balance sheet by the end of the Q2. Unisys anticipates a one-time, non-cash, pre-tax settlement charge of approximately $29M as a result of this agreement. The remainder of the Swiss plan obligations, representing active participants valued at approximately $56M, will remain on the company's balance sheet.
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THRY | Hot Stocks07:59 EDT Thryv Holdings set to join Russell 2000 Index - Thryv Holdings announced the Company is expected to be included in the Russell 2000 Index and the broad-market Russell 3000 Index effective after the U.S. market opens on June 28, 2021, as part of the annual reconstitution of the Russell stock indexes.
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COWN | Hot Stocks07:58 EDT Cowen Group appoints Jenny Killeen as head of human resources - Cowen announced that Jenny Killeen has joined the company as Managing Director, Head of Human Resources, succeeding Jane Gerhard, who is retiring from the Company. In her role, Ms. Killeen will be responsible for the Company's people strategy, including talent acquisition, retention and development. In addition, Ms. Killeen is joining Cowen's Management Committee, comprised of senior executives from across the organization and responsible for the development and execution of Cowen's long-term strategy. She will be based in New York and will have a dual reporting line to Jeffrey Solomon, CEO, and John Holmes, COO. Prior to joining Cowen, Ms. Killeen spent five years at MSD Capital, L.P. where she held the role of Managing Director, Head of Human Capital.
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ORZCF | Hot Stocks07:55 EDT Orezone Gold reports initial results from drilling program at Bombore - Orezone Gold Corporation announced initial results from its ongoing drilling program to test the expansion potential at the P17S deposit at its Bombore Gold Project, located in Burkina Faso. The drilling program has been very successful returning the best hole to date at P17S with several other wide, multigram gold intercepts near surface outside of the current reserves and resource envelopes. These drill results intersected multiple high-grade stacked zones of mineralization to the north of the P17S reserves including a new wide, shallowly dipping zone with excellent down-plunge continuity. This clearly demonstrates the potential to add significant high-grade resources commencing near surface at P17. Drilling Highlights: 32 m of 3.87 g/t gold from 25 m including 6 m of 14.40 g/t gold from 34 m in BBD1066; 30 m of 2.76 g/t gold from 15 m including 8 m at 5.50 g/t gold from 17 m in BBD1048; 22 m of 1.97 g/t gold from 24 m in BBD1052; 20 m of 1.54 g/t gold from 54 m in BBD1060; 7 m of 4.13 g/t gold from 35 m in BBD1062; 5 m of 4.89 g/t gold from 54 m in BBD1062; 6 m of 3.54 g/t gold from 39 m in BBD1055; 18 m of 1.70 g/t gold from 62 m in BBD1044; 14 m of 1.64 g/t gold from 7 m in BBD1045; 9.5 m of 1.56 g/t gold from 12.5 m in BBD1046; 15 m of 1.40 g/t gold from 39 m in BBD1053; 12 m of 1.85 g/t gold from 177 m in BBD1055; 7.10 m of 2.64 g/t gold from 113 m in BBD1060; 3.5 m of 3.65 g/t gold from 176 m in BBD1057; 11 m of 2.14 g/t gold from 75 m in BBD1048.
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NOK QCOM | Hot Stocks07:52 EDT Nokia, Qualcomm, UScellular announce extended-range 5G record over mmWave - Nokia (NOK), Qualcomm Technologies (QCOM) and UScellular announced that they have achieved a world record extended range over mmWave of more than 10km utilizing its 5G extended-range millimeter Wave solution on a commercial network. This milestone paves the way to bring extended range 5G service with massive capacity and low latency to even more regions across the U.S., including rural areas. The field trial, which utilized Nokia's AirScale Baseband and mmWave Radios in the 28 GHz band, was conducted on UScellular's commercial network in Grand Island, Nebraska. The companies jointly tested multiple locations with different scenarios, measuring distance, throughput and latency. This milestone was achieved at a world record distance of ~10km with average downlink speeds of ~1 Gbps, and uplink speeds reaching approximately 57Mbps. Additionally, ~750 Mbps downlink speed was recorded at a distance of greater than11km.
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FTRPF | Hot Stocks07:50 EDT Field Trip Health applies to list common shares on Nasdaq Stock Market - Field Trip Health announced that it has applied to list its common shares on the NASDAQ Stock Market. By the end of 2021, Field Trip anticipates being able to commence Phase 1 human trials for FT-104 and expects to have 20 Field Trip Health centers operating or under construction, including its existing and announced locations in New York, NY, Toronto, ON, Los Angeles, CA, Chicago, IL, Houston, TX, Atlanta, GA, San Diego, CA, San Jose, CA, Seattle, WA, Washington, DC, Fredericton, NB and Amsterdam, NL. In advance of an anticipated listing on NASDAQ, Field Trip will file a Registration Statement with the United States Securities and Exchange Commission. The listing of Common Shares on NASDAQ remains subject to the review and approval of the listing application and the satisfaction of all applicable listing and regulatory requirements, as well as effectiveness of the registration statement. Field Trip will continue to maintain the listing of its Shares on the Toronto Stock Exchange under the symbol "FTRP"..
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QLGN | Hot Stocks07:48 EDT Qualigen Therapeutics announces inclusion in Russell Microcap Index - Qualigen Therapeutics announced that according to a preliminary list of additions posted June 4 it will be added to the Russell Microcap Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective on June 28, 2021.
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J | Hot Stocks07:47 EDT Jacobs selected by Health Infrastructure for $582M redevelopment project - Jacobs was selected by Health Infrastructure to deliver architectural services for the New South Wales, or NSW, government's $582M, or AU$750M, Royal Prince Alfred Hospital Stage 1 Redevelopment project to redevelop and expand the existing facility to meet growing demand for healthcare services within the community. The RPA redevelopment will deliver a new hospital building and refurbishment of existing spaces, including more adult inpatient beds and expanded emergency department, intensive care unit, medical imaging services, operating theaters, and maternity, birthing and neonatal services. Jacobs' architects will deliver interior and exterior design and health planning services. The project is commencing one year earlier than originally planned, fast tracked by the NSW government as part of its COVID-19 Recovery Plan to create new jobs, improve resilience and build a future-proof economy.
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CLPT BAYRY | Hot Stocks07:47 EDT ClearPoint Neuro congratulates BlueRock on first patient dosed with DA01 - ClearPoint Neuro (CLPT) congratulates BlueRock Therapeutics, a clinical stage biopharmaceutical company and wholly-owned subsidiary of Bayer (BAYRY), on the dose administration for the first patient in a Phase 1, open-label study of pluripotent stem cell-derived dopaminergic neurons in patients with advanced Parkinson's disease. The clinical trial, designed to evaluate the safety, tolerability, and preliminary efficacy of DA01 in patients with PD, is expected to enroll ten patients at sites in the United States and Canada. The surgery represents the first ever delivery of stem cell-derived dopaminergic neurons using the ClearPoint platform.
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NCNO | Hot Stocks07:44 EDT Summit Bank selects nCino Bank Operating System - nCino announced that $761M-asset, Oregon-based Summit Bank selected nCino's Bank Operating System to transform its operations and digitize its commercial lending business. Summit Bank will be utilizing nCino's Commercial Banking and Automated Spreading solutions to "empower the bank to gain insights faster and make proactive, impactful decisions that best serve its client base. nCino's Automated Spreading, powered by nCino IQ, can seamlessly spread financials to accurately and efficiently automate tasks and provide a greater opportunity for Summit to grow its financial portfolio," the company said.
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AHAC | Hot Stocks07:43 EDT Humacyte presents in vivo data on biovascular pancreas transplantation - Humacyte presented initial data from laboratory and preclinical models demonstrating the potential to engineer a biovascular pancreas to deliver islet cells to produce insulin in Type 1 diabetic patients. The data show that pancreatic islet cells embedded in the outer matrix of an acellular vessel can create a biovascular pancreas transplant. In preclinical models, the islets on the surface of the biovascular pancreas sensed blood glucose and delivered insulin to the animal subjects, in therapeutic quantities. In addition to glucose sensing and insulin delivery, the biovascular pancreas supported islet graft oxygenation and vascularization, reducing islet hypoxia and cell death as compared to control, non-vascular implants which displayed islet death and did not correct blood glucose levels. The data were presented June 6 by Dr. Jeffery Lawson at the American Transplant Congress 2021 Virtual Connect and will be available on Humacyte.com. Dr. Lawson's Congress presentation also highlighted cumulative HAV clinical data. To date, there have been no instances of clinical HAV rejection observed in more than 430 evaluated patients. Remodeling of the HAV with host cells, in samples taken from patients to date, has been consistent. Further, the HAV has shown no evidence of stimulation of significant adaptive immunity. On February 17, 2021, Alpha Healthcare Acquisition, a special purpose acquisition company, and Humacyte announced the execution of a definitive business combination agreement along with a fully committed $175 million PIPE financing agreement.
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JWEL | Hot Stocks07:41 EDT Jowell Global signs cooperation agreement for COCOVEL brand with Shanghai Gesber - Jowell Global announced that it has signed a strategic cooperation agreement with Shanghai Gesber Group on the latter's fragrance personal care product brand COCOVEL to jointly seek business growth in domestic and international household product markets. A signing ceremony was held on June 5 with Xuyou Sun, President of Gesber and Zhiwei Xu, CEO and chairman of the company attending the ceremony.
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WSO... | Hot Stocks07:39 EDT Watsco announces advisory board appointments - In 2019, Watsco formed an Advisory Board to provide advice and non-binding recommendations to its Board of Directors. Members of the Advisory Board may include possible future Board members, former Board members and other individuals that may be able to provide valuable insight. Recent appointments to Watsco's Advisory Board include: Ana Lopez-Blazquez, LeShelle May, Lorna Meyer, and Troy Rice. Lopez-Blazquez is Executive Vice President, Chief Strategy & Transformation Officer for Baptist Health and Chief Executive Officer of Baptist Health Enterprises, a subsidiary of Baptist Health. May is a computer engineer who led a distinguished 21-year career at CNN in Atlanta as a senior software manager and developer. Meyer is a Managing Director with Bank of America (BAC) Merrill Lynch's Private Wealth Management Group in San Francisco, California. Rice is Vice President and General Manager of FPL Energy Services, a subsidiary company of NextEra Energy (NEE).
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KNSA | Hot Stocks07:36 EDT Kiniksa reports defined regulatory pathway for Phase 3 mavrilimumab development - Kiniksa Pharmaceuticals outlined next steps for the development of mavrilimumab, an investigational fully-human monoclonal antibody that blocks activity of granulocyte macrophage colony stimulating factor by binding specifically to the alpha subunit of the GM-CSF receptor. Interactions between Kiniksa and the U.S. Food and Drug Administration on mavrilimumab in COVID-19-related acute respiratory distress syndrome, giant cell arteritis, and rheumatoid arthritis resulted in a defined path for Phase 3 clinical development for each indication. Kiniksa believes development of mavrilimumab in COVID-19-related ARDS represents the fastest path to potential registration. Based upon data from the Phase 2 portion of the Phase 2/3 clinical trial of mavrilimumab in non-mechanically ventilated patients with COVID-19-related ARDS and discussions with the FDA, Kiniksa has adjusted the final sample size to appropriately power the Phase 3 portion of the clinical trial. The Phase 3 clinical trial will enroll a total of approximately 600 non-mechanically ventilated patients. The primary efficacy endpoint remains as the proportion of patients alive and free of mechanical ventilation at Day 29. The Phase 3 portion of the clinical trial has already enrolled over 400 patients. Kiniksa expects data from the Phase 3 portion of the clinical trial in the first quarter of 2022. Kiniksa is engaged with the FDA and other government agencies on pathways to accelerate access to mavrilimumab as a potential therapeutic option for COVID-19-related ARDS. Kiniksa completed an end-of-Phase 2 meeting for GCA with the FDA. Kiniksa received guidance that a single, well-controlled pivotal Phase 3 clinical trial in approximately 450 patients could be sufficient for registration. The FDA agreed with the proposed 150 mg and 100 mg subcutaneous bi-weekly dose levels versus placebo on top of a steroid taper and agreed with a 52-week exposure duration to support chronic use. Kiniksa completed a pre-IND meeting for RA with the FDA. Kiniksa received guidance that two well-controlled Phase 3 trials in 1,000-1,500 patients with at least one-year of exposure to mavrilimumab could be sufficient for registration in a broad RA population, such as patients with inadequate response to methotrexate and/or methotrexate naive patients. The FDA agreed with the proposed 150 mg and 100 mg SC bi-weekly dose levels versus placebo. Mavrilimumab was dosed at 150 mg and 100 mg SC bi-weekly in over 550 RA patients in Phase 2b clinical studies in Europe which achieved prospectively-defined primary endpoints of efficacy and safety. Kiniksa intends to provide additional updates on the development of mavrilimumab following data from the Phase 3 clinical trial in COVID-19-related ARDS. Kiniksa's resources are currently focused on the commercial launch of ARCALYST in recurrent pericarditis, the Phase 3 clinical trial of mavrilimumab in COVID-19-related ARDS, the Phase 2b clinical trial of vixarelimab in prurigo nodularis, and the planned Phase 2 clinical trial of KPL-404 in RA. The company continues to expect that its approximately $264M of cash, cash equivalents and short-term investments will fund its current operating plan into 2023.
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PBA | Hot Stocks07:36 EDT Pembina Pipeline and the Haisla Nation announce partnership - The Haisla Nation and Pembina Pipeline announced a partnership agreement whereby Pembina will become the Haisla Nation's partner in the development of the proposed Cedar LNG Project. The Project is strategically positioned to leverage Canada's abundant natural gas supply and British Columbia's growing liquefied natural gas infrastructure to produce industry-leading low-carbon, low-cost Canadian LNG for overseas markets. Cedar LNG will be the largest First Nation-owned infrastructure project in Canada and will have one of the cleanest environmental profiles in the world.
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INCY | Hot Stocks07:36 EDT Incyte announces U.S. FDA has extended sNDA review - Incyte announced that the U.S. Food and Drug Administration has extended the review period for the supplemental New Drug Application sNDA for ruxolitinib (Jakafi for the treatment of adult and pediatric patients 12 years and older with steroid-refractory chronic graft-versus-host disease. The new Prescription Drug User Fee Act target action date is September 22. The FDA extended the PDUFA action date to allow time to review additional data submitted by Incyte in response to the FDA's information request. The submission of the additional information has been determined by the FDA to constitute a Major Amendment to the sNDA, resulting in an extension of the PDUFA goal date by three months. "We remain confident in the data from the REACH3 trial supporting or sNDA submission for ruxolitinib and look forward to continued dialogue with the FDA throughout the remainder of the review process," said Steven Stein M.D., Chief Medical Officer, Incyte. "We will work closely with the agency and are dedicated to bringing this innovative treatment to patients with steroid-refractory chronic GVHD who urgently need new treatment options." The sNDA was based on data from REACH3, a Phase 3 randomized, open-label, multicenter study comparing ruxolitinib with best available therapyin adult and pediatric patients 12 years and older with steroid-refractory chronic GVHD.
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MASS LH | Hot Stocks07:35 EDT 908 Devices appoints LabCorp CSO Marcia Eisenberg to board - 908 Devices (MASS) has appointed Marcia Eisenberg, chief scientific officer, or CSO, of Labcorp (LH), to serve on its board of directors effective immediately. Eisenberg has experience with forensic DNA testing, biotechnology, molecular genetics and molecular oncology. She has helped lead the development and validation of well over a thousand clinical assays used for patient care during her more than 30-year tenure at Labcorp.
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IFRX | Hot Stocks07:35 EDT InflaRx doses first patient in Phase II clinical trial of vilobelimab - InflaRx announced the enrollment of the first patient in an open-label, multicenter Phase II clinical study evaluating vilobelimab alone and in combination with pembrolizumab in patients with PD-1 or PD-L1 inhibitor resistant/refractory locally advanced or metastatic cutaneous squamous cell carcinoma. The Phase II clinical trial is expected to enroll approximately 70 patients at sites in Europe, the U.S. and elsewhere. The study will investigate two independent arms: vilobelimab alone and vilobelimab in combination with pembrolizumab. The main objectives of the trial are to assess the safety and antitumor activity of vilobelimab monotherapy and to determine the maximum tolerated or recommended dose, safety and antitumor activity in the combination arm. The C5a/C5aR pathway has been implied as a potential driver for tumorigenesis, metastases and avoidance of immune cell destruction, particularly in the context of cSCC.
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GSMG | Hot Stocks07:33 EDT Glory Star New Media signs cooperation agreement with Qingdao Ririshun - Glory Star New Media Group Holdings announced that it has signed a strategic cooperation agreement with Qingdao Ririshun Electrical Service the largest strategic business unit of Haier Group. According to the Agreement, the Company will collaborate with Haier to develop a new "Home Life Service" channel and a one-stop-shop for home life solutions on its CHEERS e-Mall marketplace and further advance Haier's last mile customer services. By cooperating with Haier, the Company will introduce a fully integrated online suite of smart home life products and services on its CHEERS e-Mall marketplace. As part of the Agreement, the Company will also advance Haier's last mile customer services. To accomplish this, the Company's CHEERS e-Mall marketplace will help Haier to open online regional stores and distribute its online orders to the nearest offline Haier store.
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BTX | Hot Stocks07:33 EDT Brooklyn ImmunoTherapeutics appoints Kevin D'Amour as CSO - Brooklyn ImmunoTherapeutics announced the appointment of Kevin D'Amour, Ph.D. as its Chief Scientific Officer, or CSO. D'Amour joins Brooklyn from ViaCyte, a private, clinical stage company developing stem cell-based therapy for type 1 and insulin-dependent type 2 diabetes, where he most recently served as CSO.
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VMAR | Hot Stocks07:33 EDT Vision Marine Technologies acquires EB Rental, terms not disclosed - Vision Marine announce the acquisition of EB Rental consisting of cash and stock. EBR is an electric boat rental company operating at Lido Marina Village in Newport Beach, California. The company said, "EBR's business is a high margin, profitable and rapidly growing electric rental boat operation which will provide Vision Marine the unique opportunity to showcase its disruptive electric technology and grow its brand recognition. Moreover, EBR represents a template to take advantage of a burgeoning US addressable market, growing at CAGR of more than 4%, and expected to reach approximately $5B by 2027, according to Transparency Market Research." By expanding its services to the rental industry, Vision Marine will interact with a much larger audience, while introducing recreational boaters to sustainable electric powertrain technology. Vision Marine is presently seeking to meaningfully expand its rentals operations, initially to the east coast, with numerous locations already identified. With approximately 100,000 passengers every year and operating at full capacity. EBR is planning to increase its fleet by 15 boats. The current management of EBR will continue to oversee operations, provide turnkey operational expertise, and spearhead our repeatable and highly scalable plans for expansion.
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FMC | Hot Stocks07:31 EDT FMC receives EPS registration for fluindapyr fungicide - FMC received U.S. Environmental Protection Agency, or EPA, registration for fluindapyr, a novel broad-spectrum succinate dehydrogenase inhibitor, or SDHI, fungicide. Fluindapyr provides broad-spectrum activity against a wide range of destructive diseases in row and specialty crops, as well as turf. Upon the grant of these registrations, farmers around the world will have access to fluindapyr for preventative control of various fungal diseases in row crops, including multiple rust diseases in cereals and soybeans, as well as powdery mildew in specialty crops. Studies show fluindapyr controls pathogens that are resistant to other chemical classes.
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F | Hot Stocks07:29 EDT Ford announces 2022 Maverick to come standard as full-hybrid pickup - Ford announced details on its all-new 2022 Ford Maverick, calling it "the truck for people who never knew they wanted a truck." Maverick comes as a standard five-passenger, four-door pickup, with a full-hybrid powertrain and a projected EPA-estimated rating of 40 mpg city fuel economy and 500 miles of range on a single tank of gas, Ford announced. "Tested and tortured to meet Built Ford Tough standards, Maverick offers ingenious design and storage solutions while enabling customization inside and out. It all comes with a starting MSRP of $19,995," Ford said. Reference Link
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MEDIF | Hot Stocks07:28 EDT Medipharm, ADREXpharma extend supply agreement for five years - MediPharm Labs announced that it has extended its supply agreement with ADREXpharma. The Agreement was renewed for 5 years, to June 2026, with a mutual option to extend further. MediPharm supplies ADREX with THC and CBD cannabis products for sale and distribution in Germany to approximately 19,000 pharmacies that could provide access to cannabis products over time.
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UMH | Hot Stocks07:23 EDT UMH Properties reaches $1B equity market capitalization - UMH Properties announced that as of June 7, 2021, the Company had outstanding 46,853,371 shares of the Company's common stock. Increases in shares outstanding since the number reported in the Company's March 31, 2021 Form 10-Q are due primarily to issuance of shares under the Company's Common Stock At-The-Market Sales Program.
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BYSI | Hot Stocks07:22 EDT BeyondSpring announces poster presentation of PROTECTIVE-2 phase 3 data - BeyondSpring announced a poster presentation of the company's lead asset plinabulin, a selective immunomodulating microtubule-binding agent, in combination with pegfilgrastim in breast cancer as part of the Phase 3 PROTECTIVE-2 chemotherapy-induced neutropenia study, at the Federation of Clinical Immunology Societies Annual Meeting being held from June 8-11, 2021. BeyondSpring's poster is titled "Adding Plinabulin to Pegfilgrastim Reverses the Immune Suppressive Potential of Peg while Offering Superior Prevention of Chemotherapy Induced Neutropenia versus Peg Alone." Plinabulin in combination with pegfilgrastim demonstrated a superior immune profile and CIN prevention outcomes for patients treated with plinabulin in combination with pegfilgrastim compared to pegfilgrastim alone in breast cancer patients dosed with TAC in PROTECTIVE-2 Phase 3 study. Compared to pegfilgrastim alone, the plinabulin and pegfilgrastim combination showed decreased production of immature neutrophil band, and decreased promyelocytes and myelocyte production (p=0.0488). Immature neutrophil band and promyelocytes and myelocytes are less functional defending against infection and have potentially deleterious immune suppression effects. The company has submitted New Drug Applications for plinabulin in combination with pegfilgrastim as a treatment for the prevention of CIN for review in both the U.S. and China. The U.S. FDA accepted the NDA with Priority Review and assigned a Prescription Drug User Fee Act action date of November 30, 2021.
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CXBMF | Hot Stocks07:21 EDT Calibre Mining sees 2021 gold production 170,000-180,000 ounces - Calibre is guiding 170,000 - 180,000 ounces of gold production for the year, generating strong cash flows to self-fund new growth opportunities and an extensive 80,000 metre exploration and infill drilling program
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CXBMF | Hot Stocks07:20 EDT Calibre Mining announces update on 2021 drilling program - Calibre Mining is pleased to provide an update on the Company's 80,000 metre, 2021 drilling program, highlighting results of exploration and resource expansion drilling at the Company's Libertad concessions. Highlights: Volcan Vein: 11.37 g/t Au over 5.4 metres ETW from 61.4 metres; 9.26 g/t Au over 1.7 metres ETW from 76.9 metres; 2.37 g/t Au over 6.2 metres ETW from 67.2 metres. Tranca Vein: 16.78 g/t Au over 2.8 metres ETW from 41.9 metres; 13.83 g/t Au over 4.4 metres ETW from 127.7 metres; 3.27 g/t Au over 4.1 metres ETW from 107.1 metres. 2021 Calibre Drill Program: 16 drill rigs currently active on Calibre's 100% owned properties; Calibre is guiding 170,000 - 180,000 ounces of gold production for the year, generating strong cash flows to self-fund new growth opportunities and an extensive 80,000 metre exploration and infill drilling program The Volcan vein system is located approximately four kilometres south of the Libertad mill. Previous exploration drilling completed in 2012 and 2017 testing the upper 100 metres in two areas along the system returned multiple high-grade intercepts including 9.69 g/t Au over 10.7 metres ETW from 49 metres in hole VN-17-009; 10.56 g/t Au over 4.5 metres ETW from 41.2 meters in holes VN-17-013; and 5.78 g/t Au over 4.1 metres from 111.2 metres in hole VN-17-021. Initial results received from this year's drilling program have confirmed the presence of near surface gold mineralization along the Volcan trend which remains open along strike and at depth. The Company plans to continue drilling at Volcan with a second campaign of step-out exploration holes drilled along strike to test the continuity of mineralization between the two zones and the potential for high-grade mineralization to extend at depth. The Tranca vein system is located approximately 9 kilometres east of the Libertad mill and 500 metres south of the Jabali underground mine currently in operation. Since early 2020, Calibre has been drilling along a 1.5 kilometre section of the Tranca trend which has been traced for another 2.5 kilometres along strike to the east. Along strike to the west, the Tranca system extends into the Nancite prospect where multiple veins occur. The Company continues to be encouraged by the continuity of gold grades and potential for higher grade shoots along the zone and plans to accelerate exploration drilling with a second drill during the coming weeks. Rosario Vein: 3.67 g/t Au over 8.0 metres ETW from 99.1 metres; 2.34 g/t Au over 7.3 metres ETW from 130.8 metres; 3.13 g/t Au over 4.0 metres ETW from 112.8 metres; 4.02 g/t Au over 2.4 metres ETW from 69.8 metres. Jabali Vein: 5.45 g/t Au over 3.3 metres ETW from 30.4 metres; 51.90 g/t Au over 0.8 metres ETW from 44.6 metres. While we have focused largely on exploration drilling this year, we are likewise pleased with the results of resource expansion and infill drilling at the Rosario deposit where we continue to see opportunities to expand open pit mineral resources located within a short trucking distance of the Libertad mill. At Jabali, results of a final infill drilling campaign will be integrated into the mineral resource estimate in support of future underground mine planning. At Pavon, Calibre completed condemnation drilling and continues to explore along strike and down plunge of the Pavon Central and Norte veins including at the recently identified Candida vein splay extending from the main Pavon Norte deposit. Currently, the Company has two rigs operating at Pavon and will continue step out exploration drilling along strike and down dip of the principal vein systems.
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ATCX | Hot Stocks07:18 EDT Atlas Technical Consultants awarded $11M, five year contract with USBR - Atlas Technical Consultants announced its selection for an $11M, five year contract with the United States Bureau of Reclamation, or USBR. The company will work as part of a joint venture with OLH. Under this contract, the JV will provide construction support personnel to perform construction management and inspection services for USBR facilities. "Working in close collaboration with OLH, we will offer our combined technical expertise and resources to support the Bureau in their mission," said Atlas CEO, L. Joe Boyer. "Our Mentor-Protege Agreement with OLH under the All Small Mentor Protege Program is a testament that with our expanded ESG focus, we can enhance the development of smaller companies in our industry; expand contracting opportunities and widen their experience."
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QIWI | Hot Stocks07:17 EDT Qiwi appoints Andrey Protopopov as Chief Executive Officer - QIWI announced the appointment of Andrey Protopopov as Chief Executive Officer effective June 2, 2021. As CEO, Protopopov will take over the responsibilities of Boris Kim. Prior to his current position as the CEO of Payment Services Segment, Protopopov has served as Head of IT and Product from June 2015 to August 2019 and Head of Product Management from September 2013 to June 2015.
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LAD | Hot Stocks07:16 EDT Lithia Motors acquires two locations in Van Nuys, California - Lithia Motors & Driveway announced the acquisition of two locations in Van Nuys, California, serving the greater Los Angeles area. BMW of Sherman Oaks and Acura of Sherman Oaks are expected to generate combined annualized revenues of $185M. LAD has acquired nearly $7.1B in annualized revenues since the launch of its five-year plan to reach $50 billion in revenues and $50 in earnings per share just under a year ago. This growth has been focused primarily in the Southeast and Central regions where their network density is lightest.
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TUSK | Hot Stocks07:16 EDT Mammoth Energy releases information regarding work in Puerto Rico - Mammoth Energy Services announced that it has posted to its website additional information addressing two documents recently released by the Federal Emergency Management Agency that relate to hurricane repair work performed by Cobra Acquisitions in Puerto Rico. FEMA released a Determination Memorandum dated May 26, 2021, related to the first of two contracts Cobra successfully performed for the Puerto Rico Electric Power Authority. Cobra and PREPA executed the Emergency Master Service Agreement for PREPA's Electrical Grid Repairs - Hurricane Maria on October 19, 2017. PREPA has 60 days from the receipt of FEMA's Determination Memorandum to file an appeal. In addition to the Determination Memorandum, the Company also recently obtained a draft Cost Analysis prepared by FEMA in response to the recommendation of the Department of Homeland Security's Office of Inspector General made in an OIG report dated July 3, 2019. The OIG recommended that FEMA conduct a comprehensive analysis of Cobra's Contract costs and disallow reimbursement to PREPA of any Cobra Contract costs that are not reasonable. In order to address the OIG recommendation, FEMA and the United States Army Corps of Engineering analyzed the reasonableness of the actual Cobra costs for which PREPA is seeking reimbursement from FEMA. The scope of FEMA's Cost Analysis included the following: Evaluate Cobra's overall level of effort and work productivity based on the statement of work developed by FEMA; Compare Cobra's actual costs to those of other electrical contractors that performed similar work when the data existed. FEMA reviewed Cobra's cost of work performed per transmission line and distribution line, Cobra's overall actual average daily rate, and the daily per diem to cover lodging and living expenses; and Reviewed USACE's report and consider its recommendations prior to making a conclusion on cost reasonableness. After completing its Cost Analysis, FEMA came to the conclusions below in the draft report. Page 13 - Cobra's overall average rate is lower than all other contractors reviewed. Page 14 - Given the condition and circumstances on the island, the evaluation of all data available to assess the level of effort for the work performed, and the comparison to other contract costs, FEMA found that Cobra's costs per tower for both transmission and distribution lines for the work captured on this project appear reasonable. Page 15 - Cobra's duration of work for electrical work appears to be reasonable. Page 19 - Cobra's overall average rate is lower than all other contractors reviewed. If the average 9% tax markup is added, the rates fall in line with the MOUs and are still lower than Whitefish rates. Page 20 - Based on the results of the FEMA and USACE analyses, FEMA has no reason to believe that the cost of the work performed by Cobra is not reasonable. FEMA's Determination Memorandum and Cost Analysis raised two contract compliance issues. Excess Man Count- FEMA identified 43 days when Cobra exceeded the highest allowable staffing level agreed to in Exhibit 1-B Contractors' Rate Schedule of 882 personnel without the written consent of PREPA. FEMA identified $24,439,810.49 related to this issue. At the request of Puerto Rico and the full knowledge and consent of PREPA and FEMA, Cobra agreed to bring on a subcontractor that had previously worked for USACE and already had both personnel and equipment in Puerto Rico. The addition of these personnel was in full compliance with the Contract. Mobilization Expenses- FEMA identified that Cobra began billing for the daily minimum amount due of $1,563,000, based on 250 linemen, starting on October 25, 2017; however, Cobra did not reach the required minimum number of linemen on the island until November 12, 2017. As a result, FEMA determined that $21,451,272.51 was ineligible. Further, FEMA determined that $133,800 in lodging rentals were ineligible. FEMA cited Section 4.3 of the Contract that "payment will be made for actual days worked". The Contract provided that Cobra would be paid a daily minimum amount of $1,563,000. Cobra began billing the daily minimum on October 25, 2017, after Cobra supplied PREPA with a roster of 250 linemen that it was mobilizing to the island. Cobra incurred $133,800 in lodging for the Management Team for Operations and Safety personnel included in Exhibit B of the Contract. These personnel were housed in San Juan to be closer to PREPA's offices and allow the Management Team to be more accessible to PREPA for regular meetings. The charges were invoiced to PREPA at cost. These costs were necessary to Cobra's performance and are reimbursable under the Contract. FEMA's citation of Section 4.3 in regards to mobilization expenses is a mischaracterization of the contractual terms. Section 4.3 relates to the termination of work, not the mobilization of lineman.
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ACRS | Hot Stocks07:15 EDT Aclaris Therapeutics announces preliminary data from phase 2a trial of ATI-1777 - Aclaris Therapeutics announced "positive" preliminary topline results from its first in human Phase 2a, multicenter, randomized, double-blind, vehicle-controlled, parallel-group clinical trial to evaluate the efficacy, safety, tolerability and pharmacokinetics of ATI-1777, an investigational topical "soft" JAK 1/3 inhibitor, in 50 subjects with moderate to severe atopic dermatitis. ATI-1777 is the second compound generated from Aclaris' proprietary KINect drug discovery platform to demonstrate positive proof of concept in clinical trials. In the trial, which consisted of a 4-week treatment period and a 2-week follow-up period during which no treatment was given, 50 subjects with moderate to severe AD were randomized in a 1:1 ratio into one of two arms: ATI-1777 topical solution 2.0% w/w or vehicle applied twice daily. One of the key objectives of this first in human trial was to assess the "soft" aspect of this topical JAK inhibitor compound in subjects with moderate to severe atopic dermatitis. A preliminary analysis of pharmacokinetic plasma samples in the ATI-1777 arm showed greater than 86% of the plasma samples had concentrations below 1 ng/ml and mean drug levels in the ATI-1777 arm were not greater than 5% of the IC50 of ATI-1777. The primary efficacy endpoint of this trial was the percent change from baseline in the modified Eczema Area and Severity Index score at week 4. The Full Analysis Set, or FAS, was comprised of 23 and 25 subjects in the ATI-1777 and vehicle arms, respectively. The trial achieved its primary endpoint with a high degree of statistical significance, which corresponded to a 74.4% reduction in mEASI score from baseline at week 4 in subjects applying ATI-1777 compared to a 41.4% reduction in subjects applying vehicle. In addition, a post-hoc analysis which included the two randomized subjects not in the FAS, using their baseline mEASI score carried forward to day 28, was statistically significant. In addition, positive trends in favor of ATI-1777 were observed in key secondary efficacy endpoints, such as improvement in itch, percent of mEASI-50 responders, IGA responder analysis, and reduction in BSA impacted by disease. ATI-1777 was generally well tolerated. Nine subjects in each arm reported treatment-emergent adverse events. No serious adverse events were reported. One treatment-related adverse event, application site pruritus, was reported in one subject in the ATI-1777 arm. The most common AEs were increased blood creatinine phosphokinase and headache in subjects in the ATI-1777 arm and urinary tract infection; none of these AEs in the ATI-1777 arm were determined by the clinical trial investigators to be related to ATI-1777.
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FSLY | Hot Stocks07:14 EDT Fastly: Global network coming back online - Fastly said via Twitter: "We identified a service configuration that triggered disruptions across our POPs globally and have disabled that configuration. Our global network is coming back online." Reference Link
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CNC | Hot Stocks07:12 EDT Centene announces nationwide vaccination education and outreach initiative - Centene announced the launch of a new initiative to encourage Centene health plan members, as well as all Americans, to receive the COVID-19 vaccine. This week, Centene will begin working with network physicians to deploy a call campaign to its health plan members nationwide. The call will ask recipients whether they have been vaccinated, and will help those who have not to arrange an appointment. The top 100 providers with the highest increase in vaccination rates as a result of this initiative will each receive a $5,000 grant for medical equipment. In addition, Centene will be launching a new public service announcement focused on the importance of getting vaccinated for the benefit of an individual's family and other loved ones. The PSA will remind people to get vaccinated for their loved ones: their grandparents, their parents, and their friends, all whom they would rather visit, than go to a visitation.
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CGEN | Hot Stocks07:12 EDT Compugen presents updated data from Phase 1 study of COM701 - Compugen presented updated data from its Phase 1 dose escalation and expansion study of COM701 as a monotherapy, and in a dose escalation combination study with Opdivo, or nivolumab, in an oral presentation at the ASCO 2021 Annual Meeting, being held virtually on June 4-8, 2021. COM701 is a first-in-class investigational therapeutic antibody targeting PVRIG, a novel immune checkpoint discovered computationally by Compugen. "These new data from our COM701 clinical program are meaningful for two key reasons," said Anat Cohen-Dayag, Ph.D., President and CEO of Compugen. "First, durability data show multiple patients on treatment beyond one year, strengthening our confidence that PVRIG blockade through COM701 may provide meaningful clinical benefit in tumor types typically unresponsive to immune checkpoint inhibitors, including in patients with prior progression on these treatments. Our ongoing confirmed complete response from the combination arm is particularly noteworthy given it was achieved in a patient with anal squamous cell carcinoma with prior progression on Opdivo and is on study treatment now out to 22 months. We believe these results support our hypothesis that dual blockade of PVRIG and PD-1 may be key to driving immune responses in certain patient populations."
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XPO | Hot Stocks07:12 EDT XPO Logistics, Barilla expand partnership with customized ecommerce logistics - XPO Logistics has signed a new contract with Barilla. XPO will manage the supply chain for Barilla's "Dedicato a Te' new e-commerce platform in Italy. The agreement extends the partnership that began in 2018 with XPO's management of logistics and transportation activities for the "CucinaBarilla" online service. XPO will manage fulfillment for "Dedicato a Te" at the Trezzo sull'Adda warehouse where CucinaBarilla's supply chain is based. The warehouse is operated with strict adherence to HACCP regulations, with XPO responsible for the storing of food and non-food products, kitting customized packaging and packing orders, as well as delivery to consumers.
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SMMT | Hot Stocks07:11 EDT Summit Therapeutics set to join Russell 3000 Index - Summit Therapeutics is set to join the broad-market Russell 3000 Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US markets open on June 28, according to a preliminary list of additions posted by FTSE Russell.
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VCNX MRK | Hot Stocks07:10 EDT Vaccinex clinical sites enrolling patients for pepinemab, KEYTRUDA studies - Vaccinex (VCNX) announced that the first clinical sites have been activated to screen and enroll patients in its Phase 1/2 study evaluating pepinemab as a single agent in Alzheimer's disease and in its phase 2 study in of pepinemab combination with Merck's (MRK) anti-PD-1 therapy KEYTRUDA as front-line treatment for advanced, recurrent or metastatic head and neck squamous cell carcinoma. The company plans to activate at least 13 U.S. sites for the Alzheimer study and 18 U.S. sites for HNSCC. The Alzheimer's study is expected to enroll at least 40 patients with key efficacy endpoints that include measures of cognition and brain imaging. This study has received funding support from the Alzheimer's Drug Discovery Foundation and the Alzheimer's Association. The HNSCC study will enroll up to 65 patients allocated to different levels of combined positive score. The HNSCC study is expected to enroll up to 65 patients allocated to different levels of combined positive score, or CPS, of PD-L1 expression. CPS is a biomarker associated with benefit in response to immunotherapy. Efficacy endpoints will focus on objective response rate per RECIST 1.1 criteria, as well as progression-free survival, overall survival, and duration of response.
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JUSHF | Hot Stocks07:10 EDT Jushi's Franklin Bioscience to open 20th BEYOND/HELLO location - Jushi Holdings announced its subsidiary, Franklin Bioscience - NE LLC, will open the Company's 13th BEYOND / HELLO medical marijuana dispensary in Pennsylvania and the Company's 20th BEYOND / HELLO dispensary nationwide. On Friday, June 11, 2021 at 10:00 a.m., BEYOND / HELLO Easton will begin serving Pennsylvania medical marijuana patients and caregivers, providing an unmatched in-store experience, coupled with convenient online reservations available through beyond-hello.com and in-store express pick-up.
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WELL ESS | Hot Stocks07:10 EDT Welltower names John Burkart as COO - Welltower (WELL) announced that it has appointed John Burkart as Executive Vice President, COO. Upon joining Welltower on July 19, Burkart will assume leadership responsibilities across the organization, including platform-wide operations, asset and portfolio management, data analytics, research, and joint venture partnerships. He will serve on the company's executive team and investment committee, and will report to Shankh Mitra, CEO and CIO. Prior to joining Welltower, Burkart spent 25 years at Essex Property Trust (ESS).
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POETF | Hot Stocks07:09 EDT Poet Technologies announces availability of samples of CWDM4 Optical Engines - POET Technologies announces that samples of its 100G and 200G CWDM4 Optical Engines will be available beginning in early July. Powered by four flip-chipped 28G and 28G PAM4 CWDM DFB lasers, the POET Optical Engines include an integrated athermal multiplexer and demultiplexer, 28G detectors, monitor photodiodes and bonding pads. Operating to MSA standards for the QSFP28 module, the POET Optical Engines will be available in chip sets for transmit only, receive only or in a combination transmit and receive single multi-chip engine less than 60mm square. POET will also soon be offering 400G DR4 and FR4 transmit and receive optical engines. Samples of the receive optical engine will be available in September. Samples of the transmit engine, based upon high power CW lasers and silicon photonic modulators, will be available beginning in Q4 2021.
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LUV | Hot Stocks07:08 EDT Southwest continues to expect Q2 capacity to increase 87% year-over-year - In a regulatory filing, Southwest said the company continues to expect its second quarter 2021 capacity to increase approximately 87%, year-over-year, and decrease approximately 16% compared with second quarter 2019. The company currently expects its August 2021 capacity to increase approximately 39%, year-over-year, and to be comparable with August 2019. "Passenger demand and booking trends remain primarily leisure-oriented. Despite recent improvements in leisure demand, the company remains cautious and continues to plan for multiple fleet and capacity scenarios. The company will continue to monitor demand and booking trends and adjust capacity, as needed. As such, the company's actual flown capacity may differ materially from currently published flight schedules or current estimations... The company's average core cash burn was approximately $2M per day in May 2021. The company now estimates its average core cash burn, which excludes changes in working capital, to be in the range of $1M to $2M per day in second quarter 2021, compared with its previous estimation in the range of $1M to $3M per day, primarily due to the expectation of improving operating revenue trends. Based on current booking trends and cost outlook, the company continues to expect to achieve breakeven average core cash flow, or better, in June 2021."
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FOLD | Hot Stocks07:07 EDT Amicus says UK's MHRA grants early access to AT-GAA - Amicus Therapeutics announced that the UK's Medicines and Healthcare Products Regulatory Agency has granted a positive scientific opinion through the Early Access to Medicines Scheme of AT-GAA, the Company's investigational two-component therapy for the treatment of Pompe disease. This positive opinion means that eligible adults living with late-onset Pompe disease who have received alglucosidase alfa for at least 2 years can now switch and have access to AT-GAA prior to marketing authorization in the UK. The MHRA's decision is based on the evaluation of the effects of AT-GAA in LOPD patients and its safety profile, including data from both the Phase 1/2 and Phase 3 PROPEL study. Marketing Authorization Applications for AT-GAA are expected to be submitted with the UK and EU, respectively, in the second half of 2021. For the full approval in the UK, Amicus will seek inclusion of the treatment population to all ERT-switch patients regardless of length of time on prior ERT, as well as the treatment naive population. Future studies will also investigate the treatment of patients with Infantile Onset Pompe Disease. Previously, the MHRA has granted the PIM designation to AT-GAA. Also, the U.S. FDA granted Breakthrough Therapy Designation to AT-GAA for the treatment of LOPD based on clinical efficacy results from the Phase 1/2 clinical study. A rolling Biologics License Application for AT-GAA was initiated with the U.S. FDA in the fourth quarter of 2020 and is on track with submission of the final modules in the second quarter of 2021.
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CHS | Hot Stocks07:06 EDT Chico's sees FY21 consolidated net sales up 28%-34% from last year - Given the ongoing market volatility and related uncertainty caused by the COVID-19 pandemic, the Company is not providing specific FY21 guidance at this time. The Company is, however, providing information on its planning expectations for the FY21. At this time, the Company expects: consolidated year-over-year net sales improvement between 28% to 34%; gross margin rate improvement of 18 to 20 percentage points over last fiscal year; SG&A as a percent of net sales to improve 500 to 600 basis points year-over-year; and income tax expense of approximately $500,000.
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LUV BA | Hot Stocks07:06 EDT Southwest to increase its 2022 firm orders by 34 Boeing 737 MAX 7 aircraft - In a regulatory filing, Southwest (LUV) said: "Based on improving revenue trends and ongoing fleet modernization plans, the company recently entered into a Supplemental Agreement with The Boeing Company to increase its 2022 firm orders by 34 Boeing 737 MAX 7 aircraft, consisting of two 2022 options exercised and 32 options accelerated and exercised from later years, resulting in 234 firm orders for MAX 7 aircraft. Additionally, the company accelerated 32 options into 2023, 16 options into 2024, 16 options into 2025, and added 32 new options into 2026 through 2027, bringing the total firm and option order book to 660 aircraft. The company continues to estimate its 2021 total capital expenditures to be approximately $500M, with minimal aircraft capital spending, and now expects its contractual aircraft capital spending to be approximately $1.5B in 2022, compared with its previous guidance of approximately $700M. Fleet and capacity plans will continue to evolve as the company manages through this recovery period, and it will continue to evaluate its remaining 40 MAX options in 2022. The company continues to plan to retire 30 to 35 of its Boeing 737-700 aircraft annually, on average, over the next 10 to 15 years; however, with its cost-effective order book, the company retains significant flexibility to manage its fleet size, including opportunities to accelerate fleet modernization efforts if growth opportunities do not materialize."
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PCOM | Hot Stocks07:05 EDT Points introduces Multiply Miles feature for Emirates Skywards members - Points announces that the company has recently implemented a new feature that offers Emirates Skywards members a chance to multiply Skywards Miles, and in turn, unlock a wide range of rewards and privileges even faster. Multiply Miles lets members easily accelerate their balance so that they can enjoy the next reward sooner. Almost any Skywards Miles can be boosted - including those gained from credit card spending and retail purchases as well as previous flights - providing members with an easy, cost-effective and convenient solution to top up their balance. Members get access to an exclusive mileage rate and choose to double, triple or quadruple their accrued Miles up to an additional 50,000 Miles every year.
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AVXL | Hot Stocks07:05 EDT Anavex announces exceeding of enrollment target for ANAVEX 2-73 phase 2b/3 trial - Anavex Life Sciences announced that it has exceeded its enrollment target for the ANAVEX 2-73 Phase 2b/3 study in Alzheimer's disease. The company expects to announce topline results from this study by mid-2022. The study includes a prespecified precision medicine biomarker, SIGMAR1 gene expression, which demonstrated correlation with direct measures of clinical benefit, cognition and activities of daily living and function in a previous Phase 2a Alzheimer's disease study. The double-blind, placebo-controlled 450-patient Phase 2b/3 ANAVEX 2-73 clinical study in patients with Alzheimer's disease exceeded enrollment beyond 450 patients at 52 sites across North America, Europe and Australia using ADAS-Cog and ADCS-ADL as primary endpoints. This clinical trial is measuring efficacy, tolerability, and safety of two different once daily oral ANAVEX 2-73 doses or placebo. ANAVEX 2-73 is an orally available, small-molecule activator of the sigma-1 receptor. Data suggests that activation of SIGMAR1 results in the restoration of complete housekeeping function within the body and is pivotal to restoring neural cell homeostasis and promoting neuroplasticity. PET scan data previously confirmed dose-dependent target engagement of SIGMAR1 with ANAVEX 2-73.
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ANGO | Hot Stocks07:04 EDT AngioDynamics receives 510(k) clearance from FDA for AlphaVac - AngioDynamics announced that it has received 510(k) clearance from the FDA for the AlphaVac Mechanical Thrombectomy System, an off-circuit, multi-purpose mechanical aspiration thrombectomy device for the non-surgical removal of thrombi or emboli from the vasculature. AngioDynamics continues to anticipate the commercial release of the AlphaVac System in the second half of calendar year 2021.
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RMTI | Hot Stocks07:04 EDT Rockwell Medical, Drogsan Pharmaceuticals enter license agreement for Triferic - Rockwell Medical and Drogsan Pharmaceuticals announced that the Companies entered into an exclusive license agreement for the rights to commercialize Triferic AVNU in Turkey. Under the terms of the license agreement, Drogsan will be the exclusive development and commercialization partner for Triferic in Turkey and Rockwell Medical will supply the product to Drogsan. The agreement also allows for Drogsan to negotiate further geographic expansion into the surrounding region. In consideration for the license, Rockwell Medical will receive an upfront fee and will be eligible for milestone payments based on reimbursement price approval.
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BXRX | Hot Stocks07:03 EDT Baudax Bio ANJESO reaches formulary listing at over 100 institutions - Baudax Bio announced that ANJESO injection has achieved approvals at over 100 formularies across the U.S. in under one year of commercialization. ANJESO's presence on formularies is expected to drive usage through regular availability at both hospitals and ambulatory care centers covered by these formularies. "Over the past year, Baudax Bio has made significant progress with the ongoing commercial rollout of ANJESO. We have now achieved formulary listing at 100 institutions across the U.S., and we were able to secure these in less than one full year on the market," said Gerri Henwood, president and CEO of Baudax Bio. "We continue to receive positive feedback from physicians and we continue to see increases in new accounts, units sold, reorder rates, and usage patterns across the surgical setting. We remain committed to the successful launch of ANJESO and are well prepared for the anticipated increase in demand as the marketplace moves toward a more normal pace of hospital procedures."
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CDNA | Hot Stocks07:02 EDT CareDx acquires Transplant Hero, terms not disclosed - CareDx announced it has acquired Transplant Hero LLC, a New York-based provider of a mobile application supporting the needs of transplant patients. The company said, " The acquisition of Transplant Hero builds on AlloCare, the comprehensive CareDx mobile health app for managing the day-to-day health of patients before and after transplant. Transplant Hero strengthens CareDx's focus on the transplant patient journey and adds to its growing digital portfolio which includes a robust suite of cloud-based solutions and software for transplant centers and dialysis providers." Transplant Hero provides a smartphone app focused on helping transplant patients manage their medications through alarms and interactive logging of medication events. Medication management is especially important for transplant patients who must follow a regular regimen to protect against organ rejection. The number of pills and the complexity of the regimen often makes medication management a challenge. The app offers support to various types of organ recipients, including kidney, heart, lung, liver, pancreas, and small bowel.
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GKOS | Hot Stocks07:02 EDT Glaukos receives regulatory approval in Australia for Preserflo MicroShunt - Glaukos announced that the Therapeutic Goods Administration, or TGA, of Australia has granted regulatory approval for the Preserflo MicroShunt intended for the reduction of intraocular pressure, or IOP, in eyes of patients with primary open-angle glaucoma where IOP remains uncontrollable while on maximum tolerated medical therapy and/or where glaucoma progression warrants surgery.
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PLTR | Hot Stocks07:01 EDT Palantir awarded $7.4M contract renewal with U.S. Centers for CDC - Palantir Technologies announced it was awarded a $7.4M one-year contract renewal with the U.S. Centers for Disease Control and Prevention, or CDC, to continue to provide an outbreak response and disease surveillance solution for the Data Collation and Integration for Public Health Event Response, or DCIPHER, Program. DCIPHER is designed to assist public health experts in routine disease surveillance and outbreak management for real-time events.
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FSLY | Hot Stocks07:01 EDT Fastly drops 3% in premarket trading after confirming outage on status website
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BDX | Hot Stocks06:58 EDT Becton Dickinson receives orders for 2B injection devices for vaccination effort - Becton Dickinson announced that it has received pandemic orders for needles and syringes totaling 2B injection devices to support global COVID-19 vaccination efforts. This new milestone reflects commitments to governments across the world, including the United States, Australia, Brazil, Canada, France, Germany, India, Philippines, Saudi Arabia, South Africa, Spain and the United Kingdom, among many others, as well as non-governmental organizations supporting vaccine deployment for developing countries. In total, BD is supporting pandemic orders for more than 40 countries, non-governmental organizations and other partners. BD has delivered more than 900M injection devices around the world to date, with the remaining orders to be delivered between now and the end of 2022 to support vaccine administration.
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BTC... | Hot Stocks06:56 EDT Riot Blockchain, Marathon Digital fall as bitcoin slides to two-week lows - In early pre-market trading, shares of Riot Blockchain (RIOT) are down over 6% at $27.05 and Marathon Digital (MARA) are down nearly 5% at $23.23 as the overnight price of bitcoin fell to a two-week low below $32,200. Shares of Coinbase (COIN) are also down over% at $226.63.
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H | Hot Stocks06:54 EDT Hyatt raises 2021 net rooms growth guidance to 6% from greater than 5% - Hyatt Hotels announced an increase to its 2021 net rooms growth outlook and the completion of two transactions as part of its ongoing capital strategy. Details are as follows: On June 4 a Hyatt affiliate and Service Properties Trust, or SVC, reached an agreement with respect to 22 Hyatt Place hotels in the U.S. owned by subsidiaries of SVC. Under the terms of the amended agreement effective April 1 Hyatt will continue to manage 17 of the 22 Hyatt Place hotels owned by subsidiaries of SVC for a 10-year term. As a result of the amended agreement, Hyatt is increasing its net rooms growth outlook for 2021 to approximately 6.0%, up from the prior expectation of greater than 5.0%. On June 4 a Hyatt affiliate sold the 490-room Hyatt Regency Lost Pines Resort and Spa near Austin, Texas for approximately $275M to an unrelated third party and entered into a long-term management agreement for the property upon sale. The owner anticipates enhancing and expanding this unique resort destination located on 405 acres along the banks of the Colorado River. On June 3 a Hyatt affiliate acquired the 59-room Ventana Big Sur, an Alila Resort, located in Big Sur, California for approximately $148M, securing the Company's long-term brand presence in a highly sought-after resort destination. The resort, situated on 162 acres in one of the world's premier leisure destinations, also includes 63 distinctive camping areas and 15 tent cabins and is one of three world-class Alila resorts operating in California. With the completion of both asset transactions at attractive values, Hyatt remains on track to realize net proceeds from the sale of real estate of approximately $1.5B by March 2022 as part of its capital strategy announced in March 2019. To date, and including the net proceeds from the aforementioned transactions, the Company has realized approximately $1.1B in net proceeds while continuing to expand its management and franchising business. In addition to reducing the earnings from owned and leased hotels, Hyatt has expanded its managed and franchised property base by approximately 150 hotels, or by 18%, from March 2019 to May 2021 that will drive an increased percentage of earnings coming from management and franchising activity.
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LUV | Hot Stocks06:51 EDT Southwest sees May operating revenues 'at the better end of its guidance' - In a regulatory filing, Southwest Airlines provided updated guidance regarding its financial and operational trends, as well as an updated aircraft order book, stating: "May 2021 operating revenues performed in line with the company's expectations, at the better end of its guidance range, and represented a sequential increase compared with April 2021, driven primarily by improvements in leisure passenger traffic and fares. Based on current bookings, the company continues to expect another sequential improvement in operating revenues in June 2021 compared with May 2021, also driven primarily by expected improvements in leisure passenger traffic and fares, with June 2021 operating revenues now expected to be at the better end of its previous guidance range. The company introduced its operating revenue estimate for July 2021, which represents further sequential improvement compared with June 2021. Based on current bookings, leisure fare levels in June and July 2021 are comparable with June and July 2019 levels. The company continues to experience fairly typical booking patterns for summer 2021 travel. The company has also continued to experience modest, consistent improvements in business passenger demand and bookings. May 2021 business revenues were down approximately 77% compared with May 2019, which represented continued sequential improvements compared with down 80% in April 2021, down 85% in March 2021, and down 90% in February 2021, all compared with their respective 2019 levels. Thus far, business travel demand continues to significantly lag leisure trends and is expected to continue to have a negative impact on close-in demand and average passenger fares in second quarter 2021."
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FSLY | Hot Stocks06:49 EDT Fastly: Issue has been identified, fix being implemented - Reference Link
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H | Hot Stocks06:48 EDT Hyatt is on track to realize net proceeds from sale of real state of $1.5B - Hyatt Hotels announced an increase to its 2021 net rooms growth outlook and the completion of two transactions as part of its ongoing capital strategy. Details are as follows: on June 4 a Hyatt affiliate and Service Properties Trust, or SVC, reached an agreement with respect to 22 Hyatt Place hotels in the U.S. owned by subsidiaries of SVC. Under the terms of the amended agreement effective April 1 Hyatt will continue to manage 17 of the 22 Hyatt Place hotels owned by subsidiaries of SVC for a 10-year term. As a result of the amended agreement, Hyatt is increasing its net rooms growth outlook for 2021 to approximately 6.0%, up from the prior expectation of greater than 5.0%. On June 4 a Hyatt affiliate sold the 490-room Hyatt Regency Lost Pines Resort and Spa near Austin, Texas for approximately $275M to an unrelated third party and entered into a long-term management agreement for the property upon sale. The owner anticipates enhancing and expanding this unique resort destination located on 405 acres along the banks of the Colorado River. On June 3 a Hyatt affiliate acquired the 59-room Ventana Big Sur, an Alila Resort, located in Big Sur, California for approximately $148M, securing the Company's long-term brand presence in a highly sought-after resort destination. The resort, situated on 162 acres in one of the world's premier leisure destinations, also includes 63 distinctive camping areas and 15 tent cabins and is one of three world-class Alila resorts operating in California. With the completion of both asset transactions at attractive values, Hyatt remains on track to realize net proceeds from the sale of real estate of approximately $1.5B by March 2022 as part of its capital strategy announced in March 2019. To date, and including the net proceeds from the aforementioned transactions, the Company has realized approximately $1.1B in net proceeds while continuing to expand its management and franchising business. In addition to reducing the earnings from owned and leased hotels, Hyatt has expanded its managed and franchised property base by approximately 150 hotels, or by 18%, from March 2019 to May 2021 that will drive an increased percentage of earnings coming from management and franchising activity.
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RHHBY | Hot Stocks06:46 EDT Roche obtains CE mark for the SARS-CoV-2 Antigen Self Test Nasal - Roche announced it has received CE mark for its SARS-CoV-2 Antigen Self Test Nasal for at-home testing. The test will be available in countries accepting the CE mark through pharmacies and other locations, in packs of five tests. "An early version of the test has already been available as a home-test in a number of European markets under local special approval pathways since February 2021. With the CE Mark, the SARS-CoV-2 Antigen Self Test Nasal for rapid self testing of COVID-19 test has received official approval following the traditional registration pathway and can now also be used in markets that have not established regulatory exemption pathways. By following simple instructions, individuals can perform the test at home using a nasal swab without special training or the supervision of a healthcare worker. The test provides results in as little as 15 minutes and can help people to conveniently check if they are likely to be infectious from the comfort of their home. In the case of children under 18 years of age, the test must be performed by an adult or under close adult supervision... Complementary to the SARS-CoV-2 Antigen Self Test Nasal, Roche is offering NAVIFY Pass. This digital solution allows individuals and healthcare professionals to remotely store, display, and share their COVID-19 test results and vaccine status through a personalised QR code. Having easy digital access to test results and vaccination status could potentially be used by both individuals and companies to facilitate access to locations with COVID-19 entry protocols, such as restaurants or entertainment venues, as well as to validate safety to travel," the company said.
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WEN | Hot Stocks06:40 EDT Wendy's gains in pre-market amid increased WSB Reddit mentions - Shares of Wendy's are up nearly 5% at $24.02 in early pre-market. The ticker entered the top-5 most mentioned names on WallStreetBets message board overnight.
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THO | Hot Stocks06:36 EDT Thor Industries says it expects long-term health in the RV industry - "We continue to see robust demand for our RVs and see no signs of demand slowing even as the economy recovers from the pandemic. The most recent RVIA forecast projects total North American wholesale RV shipments of approximately 576,100 units in calendar year 2021, representing an increase of 33.8% over 2020. We are focused on strategically increasing capacity and maximizing production efficiencies to fulfill the growing demand from our dealers. Ultimately, however, the number of THOR Industries units shipped in both fiscal and calendar 2021 depends on our ability to manage through the ongoing global supply chain issues. We have numerous team members throughout the organization focused on resolving near-term supply chain shortages while also pursuing long-term solutions to avoid potential future issues," said Martin. "This is the first quarter in which Tiffin Group was fully included in our quarterly results, and I'd like to say that we are very pleased with the acquisition and with the Tiffin Team. The integration is going as planned, and we see a bright future for our combined companies. Looking ahead, we expect long-term health in the RV industry. We see the increased interest in the outdoors and RV lifestyle as a fundamental shift in consumer preferences, a shift that began before the pandemic and picked up steam over the last year. It is a trend we believe will continue to grow throughout our global marketspace. As one example of the underlying data supporting our optimism, we are seeing growth in two areas that have historically been frequent paths-to-purchase for the first-time RV buyer; outdoor camping and RV rentals. In its recently released 2021 annual camping report, Kampgrounds of America ("KOA") estimated that there were more than 10 million new households camping in calendar 2020 and estimated that an additional 4.3 million people will try camping in 2021 for the first time. KOA also projects that there will be 52.6 million camping households in 2021. In addition to new campers, the industry saw a sizeable increase in the number of RV rentals in 2020. The findings of THOR Industries 2020 RV Rental Study support the belief that those who rent an RV have a high propensity to eventually purchase an RV. These indicators, when combined with our robust order backlog and the historical 3 to 5-year trade-in cycle of current RV owners, reaffirm our belief that strong demand for THOR Industries products is sustainable over the coming months and years," concluded Martin.
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FSLY | Hot Stocks06:34 EDT Fastly confirms outage on status website - Fastly has confirmed it's facing an outage on its status website. "We're currently investigating potential impact to performance with our CDN services," the firm said. Reference Link
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TRMB | Hot Stocks06:33 EDT Cathie Wood's ARK Investment bought 40.5K shares of Trimble on Monday
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ONEM | Hot Stocks06:32 EDT Cathie Wood's ARK Investment bought 429.6K shares of 1Life Healthcare on Monday
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HEXO | Hot Stocks06:32 EDT Hexo commits to offset operational carbon emissions - HEXO announced a commitment to offsetting the Company's operational carbon emissions and the personal emissions of all 1,200 employees, making HEXO 100% carbon neutral from September 2021 onwards. The Company is also committing to offset the plastic used in their pouch packaging through Plastic Bank in partnership with Dymapak, HEXO's primary packaging supplier. These concrete actions highlight the Company's early steps towards a long-term commitment to leading the cannabis industry on Environmental, Social, and Governance, or ESG, action. Through a partnership with Offsetters, in support of the Great Bear Forest Project, HEXO will be measuring and offsetting the Company's corporate carbon emissions starting with its 2020 calendar year, making HEXO 100% carbon neutral by September 2021, as well as offsetting their employees' personal emissions.
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CAMT | Hot Stocks06:19 EDT Camtek receives $60M in orders since April - Camtek announced, ahead of the Stifel 2021 virtual investor conference, that since the beginning of April it has received orders for inspection and metrology systems totaling about $60M, predominantly for advanced packaging and front-end applications. The systems are expected to be delivered primarily during the second half.
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KR | Hot Stocks06:16 EDT Kroger's Family of Companies plans to hire 10,000 associates - The Kroger Co. yesterday announced its Family of Companies' first nationwide hybrid hiring event, including virtual and in-store interviews, will take place on Thursday, June 10. The goal of the event is to hire 10,000 associates supporting retail, e-commerce, pharmacy, manufacturing, and logistics operations.
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AFIN | Hot Stocks06:07 EDT American Finance Trust collects 100% of rent in April, May - American Finance Trust announced that it collected 100% of the original cash rent due for the months of April and May as of June 7. The company also announced that year to date it had closed on or had in its forward acquisition pipeline 63 properties for approximately $238M and that it has a forward pipeline of leases that total over 31,000 square feet, net of lease expirations and terminations.
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GNL | Hot Stocks06:06 EDT Global Net Lease collects 100% of rent for April, May - Global Net Lease announced that it collected 100% of the original cash rent due for the months of April and May, as of June 7. The company also announced that in Q1 and Q2 to date it had closed on or had in its forward acquisition pipeline eight properties for approximately $270M.
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ORCL | Hot Stocks06:04 EDT Oracle expands MOU with Crown Commercial Service - Oracle has further expanded its commitment to the UK Government with the update of an existing memorandum of understanding, or MOU, between Crown Commercial Service, or CCS, and Oracle, as well as a new commitment to enhance Oracle's Government Centre of Excellence. The updated arrangement is expected to enable better use of secure cloud technologies. The Oracle Centre of Excellence will provide additional support and technical capabilities to help the UK Government make better use of Oracle Cloud. Oracle and the UK Government first signed an MOU in 2012. The updated MOU will ensure that central, local and devolved governments, as well as all public service departments and agencies, such as NHS Trusts, are able to make continued use of Oracle Cloud.
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PDSB | Hot Stocks06:04 EDT PDS Biotechnology presents interim data from Phase 2 trial on PDS0101 - PDS Biotechnology announced the presentation of interim data from the Phase 2 trial led by the National Cancer Institute, or NCI, of the National Institutes of Health, or NIH, at the American Society of Clinical Oncology 2021 Annual Meeting. The Phase 2 trial studies PDS0101, or Versamune-HPV16, in combination with two investigational immune-modulating agents: bintrafusp alfa, or M7824, a bifunctional "trap" fusion protein targeting TGF-beta and PD-L1, and NHS-IL12, or M9241, a tumor-targeting immunocytokine. PDS0101 is an immunotherapy candidate designed to treat cancers caused by infection with HPV16, or HPV16-positive cancers, by activating the immune system to produce in vivo CD8+ T-cells to target and kill tumors that are HPV16-positive. Analyses of immune responses and other immune correlates are ongoing. The presentation includes data from a total of 25 patients with data available as of the time of presentation submission, an update on the data previously reported for the original fourteen HPV16-positive patients who were in the subject of the abstract published on May 19th; an additional seven HPV16-negative patients who were not discussed in the abstract, and an additional four HPV16-positive patients who are checkpoint inhibitor refractory whose data became available after the abstract submission.
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PK | Hot Stocks06:02 EDT Park Hotels & Resorts provides operational, liquidity update - Park Hotels & Resorts provided an operational and liquidity update. Highlights include: Increased the number of open hotels to 55 of 59 hotels (93%), or 86% of total room count; 40.7% occupancy in May 2021 for Park's 52 consolidated hotels (an increase of 3.7 percentage points from April 2021), with a decrease in rate of 20.1% compared to May 2019; 53.8% occupancy for Park's 45 consolidated hotels open during the entirety of May (an increase of 4.4 percentage points from April 2021) with a decrease in rate of 14.6% compared to May 2019; Generated Pro-forma Hotel Revenues of $82.8M and positive Pro-forma Hotel Adjusted EBITDA of $3.5M in April 2021, with 24 of its 45 consolidated hotels that were open during April 2021 generating positive Pro-forma Hotel Adjusted EBITDA; and Decreased Park's monthly burn rate to $23M in April 2021 and expected to remain on track to break-even at the corporate level in the third quarter of 2021. Thomas Baltimore, Jr., Chairman and CEO, stated, "I continue to be extremely encouraged by our portfolio's performance over the past several months. Leisure demand trends continue to accelerate at a faster pace than we had initially anticipated, with impressive pricing power seen in most of our resort assets, while early indications of group booking activity and business transient travel should translate to a broader based recovery across all demand segments over the back half of 2021 and well into 2022. We remain laser-focused on executing on our near-term strategic priorities, including continuing to reopen our hotels, reducing our burn rate and further de-levering our balance sheet through asset sales, as we enter what we expect to be a promising period of demand recovery over the coming months."
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BB | Hot Stocks05:37 EDT BlackBerry announces QNX Neutrino RTOS adopted in new LCD cluster - BlackBerry announced that its QNX Neutrino Realtime Operating System, or RTOS, has been adopted in a new digital LCD cluster jointly developed with BiTECH Automotive. The digital instrument cluster is being installed in Changan Automobile's new SUV, the UNI-K, which has entered mass production, providing a personalized user experience for drivers while ensuring the SUV's critical systems. The Changan UNI-K is a new SUV which features a smart driving assistance program and a smart cockpit with an interactive monitoring system, or IMS.
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IGC | Hot Stocks05:33 EDT India Globalization Capital completes Cohort 2 of IGC-AD1 trial - India Globalization Capital announced that it has completed Cohort 2 of its Phase 1 clinical trial on IGC's tetrahydrocannabinolm or THC-based investigational new drug, IGC-AD1, intended to alleviate the symptoms of individuals suffering from Alzheimer's disease. As previously disclosed, IGC submitted IGC-AD1 to the FDA under Section 505 of the Federal Food, Drug, and Cosmetic Act. IGC received approval to proceed with the trial from the FDA on July 30, 2020. As previously announced, for Cohort 1, we administered one dose of the investigational new drug IGC-AD1 per day to trial participants. We increased the dosage to two doses of IGC-AD1 per day in Cohort 2, which was conducted from early February through mid-May. The Data and Safety Monitoring Committee, or DSMC, for IGC's clinical trial, having reviewed the data obtained through Cohort 1 and Cohort 2, recommended progressing to Cohort 3, which consists of administering three doses per day. Participants are monitored daily for safety and certain behavioral changes using, among others, the Neuropsychiatric Inventory, or NPI, scale and the Columbia-Suicide Severity Rating Scale, or C-SSRS. The Phase 1 clinical trial on Alzheimer's patients is currently anticipated to conclude during the July through September timeframe. To IGC's knowledge, this is the first human clinical trial using low doses of natural THC, a psychoactive member of the cannabinoid class of natural products produced by the Cannabis sativa plant, on Alzheimer's patients. IGC is pleased to progress into Cohort 3 of its Phase 1 clinical trial on participants suffering from Alzheimer's disease to continue testing the safety of IGC-AD1 at higher doses.
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MT | Hot Stocks05:28 EDT ArcelorMittal makes $10M investment in Heliogen - ArcelorMittal announced the completion of its first XCarb innovation fund investment since launching the initiative in March. The company has invested an initial $10M in Heliogen, a renewable energy technology company which focuses on "unlocking the power of sunlight to replace fossil fuels." Heliogen's technology will harness solar energy by using a field of mirrors which will act as a multi-acre magnifying glass to concentrate and capture sunlight. The sunlight will then be subsequently converted into heat, electricity or clean fuels. The Heliogen technology will also be capable of creating 100% green hydrogen, which Heliogen is working to develop as its first HelioFuel. Hydrogen sits at the heart of ArcelorMittal's Innovative-DRI technology pathway, which involves using hydrogen instead of natural gas as the reductant in the production of direct reduced iron. In addition to the $10M investment, ArcelorMittal and Heliogen have signed a memorandum of understanding which aims to evaluate the potential of Heliogen's products in several of ArcelorMittal's steel plants.
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ESLT | Hot Stocks05:24 EDT Elbit Systems awarded $16M contract by UK Ministry of Defence for XACT NVG - Elbit Systems announced that its UK subsidiary, Elbit Systems UK, was awarded an approximately $16M initial contract by the UK Ministry of Defence to provide the UK Armed Forces with XACT Night Vision Goggles, or NVG. The initial contract will be performed over an 18-month period with the potential for additional follow-on orders over a period of five years. Under the contract, Elbit Systems UK will supply the lightweight micro binocular XACT nv33 NVGs in a helmet-mounted configuration. XACT nv33 NVG improves mission efficiency during dark conditions and enables safe, off-road vehicle driving without headlights. Systems from the XACT family have been selected by a number of NATO countries including Germany and the Netherlands, as well as by Israel, and are operationally proven.
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TALO | Hot Stocks05:21 EDT Talos Energy forms joint venture with Storegga for CCS project opportunities - Talos Energy announced that it has formed an exclusive joint venture with Storegga to source, evaluate and develop carbon capture and storage, or CCS, project opportunities on the United States Gulf Coast and Gulf of Mexico, or GOM, including state and federal waters offshore Texas, Louisiana, Mississippi and Alabama. The Partners are actively exploring opportunities with counterparties along the CCS value chain. operational and sub-surface expertise with Storegga's leading end-to-end CCS project experience. Under the terms of the agreement, as individual CCS projects are matured in the future, each will be ring-fenced with separate operating agreements, financing structures and the possibility of additional working interest partners. The agreement requires zero up front capital commitments, and the partnership will share costs 50/50 in the initial phases. Talos is designated as the operating partner of the joint venture. Storegga is a European leader in CCS as a lead developer of the Acorn CCS and Acorn Hydrogen Projects and also is actively developing a cutting edge direct carbon air capture, or DAC, project. The Acorn project is the most advanced large-scale CCS project in the United Kingdom with final investment decision, or FID, expected in 2022.
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PEGA | Hot Stocks05:08 EDT Pegasystems chosen by RN, RAF to develop new candidate recruitment platform - Pegasystems announced it has been chosen by the Royal Navy, or RN, and the Royal Air Force, or RAF, to develop a new, joint low-code platform for candidate recruitment. The new application will be built on Pega customer service digital customer engagement edition, a public sector application that will help the RN and the RAF to provide an experience for both candidates and recruiters, improve the existing recruitment cycles, and provide reporting analytics.
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H | Hot Stocks05:04 EDT Hyatt opens 7Pines Resort Ibiza - Hyatt announced the opening of 7Pines Resort Ibiza, part of Destination by Hyatt hotel. The 185-all-suite luxury clifftop resort welcomes guests to the White Island and offers amenities.
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