Stockwinners Market Radar for June 09, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ASAN | Hot Stocks20:32 EDT Asana CEO buys 500Kshares of common stock - In a regulatory filing, Asana disclosed that its CEO Dustin Moskovitz bought 500K shares of common stock on June 7th in a total transaction size of $19.7M, boosting his stake by about 10%.
|
LULU | Hot Stocks19:20 EDT Lululemon director Morfitt buys 4,800 common shares - In a regulatory filing, Lululemon director Martha Morfitt disclosed the purchase of 4,800 common shares of the company on June 8 at a price of $330 per share.
|
AMC | Hot Stocks18:23 EDT AMC Entertainment director Lader sells 14,246 class A shares - In a regulatory filing, AMC Entertainment director Philip Lader disclosed the sale of 14,246 class A common shares of the company on June 9 at a price of $49.5357 per share.
|
CRWD | Hot Stocks18:21 EDT Crowdstrike CEO: We're seeing a move towards enterprise ransomware - In an interview on CNBC's Mad Money, George Kurtz said ransomware as a service is a very fluid and dynamic market. It's an area of focus for Crowdstrike, he noted. "We're seeing a move towards enterprise ransomware. It has become big game hunting," he added. According to Kurtz, the company has over 11,000 clients and is "super proud" of its customer base.
|
EARN | Hot Stocks17:54 EDT Ellington Residential raises quarterly dividend by 7% to 30c per share - The dividend is payable on July 26, 2021, to common shareholders of record as of June 30, 2021.
|
AMC | Hot Stocks17:35 EDT AMC Entertainment director Pawlus sells 15,379 class A shares - In a regulatory filing, AMC Entertainment director Kathleen Pawlus disclosed the sale of 15,379 class A common shares of the company on June 8 at a price of $55.5376 per share.
|
STLA | Hot Stocks17:27 EDT Stellantis confirms Peugeot unit placed under examination by French court - Stellantis said in a statement: "As part of the judicial investigations of several automakers commenced in 2016 and 2017, Automobiles Peugeot S.A., a wholly owned subsidiary of Stellantis N.V., was placed today under examination by the Judicial Court of Paris on allegations of consumer fraud in connection with the sale of Euro 5 diesel vehicles in France between 2009 and 2015. As typical in a French criminal inquiry, Automobiles Peugeot S.A. will have to pay a bail of 10 million Euros (of which 8 million for the potential payment of damages and fines and 2 million to ensure the company's representation in court), and will have to provide a bank guarantee of 30 million Euros for the potential compensation for losses. Automobiles Peugeot S.A. is also in the process of assessing its defense options in this respect. Two other subsidiaries of Stellantis, Automobiles Citroen S.A. and FCA Italy S.p.A, have been summoned to appear before the Judicial Court of Paris, on June 10 and in July, respectively, as part of the same investigation. This formal step in the judicial investigation will allow the investigated parties to have full access to the case file and give them the opportunity to defend against allegations that have not yet been evaluated in adversarial proceedings. The companies firmly believe that their emission control systems met all applicable requirements at the relevant times and continue to do so and look forward to the opportunity to demonstrate that. The Stellantis Group, which was established in January 2021, will continue its predecessors' policies and cooperate fully with the justice system in order to resolve this matter expeditiously."
|
MRK | Hot Stocks17:27 EDT Merck awarded $1.21B Army contract for antiviral MK-4482 - Merck was awarded a $1.21B firm-fixed-price contract for 1,696,629 treatment courses of the oral antiviral MK-4482. Bids were solicited via the internet with one received. Work will be performed in Kenilworth, New Jersey, with an estimated completion date of June 15, 2022. FY20 Coronavirus Aid, Relief and Economic Security, or CARES, Act funds in the amount of $1.21B were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.
|
GME | Hot Stocks17:24 EDT GameStop says York facility will be 700,000 square feet - Says continues to expand product offering by adding natural extensions such as PC gaming, computers, monitors, game tables and gaming TVs.
|
RNGR | Hot Stocks17:19 EDT Ranger Energy names Bill Austin interim CEO - Ranger Energy Services, Inc. announced that Darron Anderson is leaving the company after leading Ranger for the last four years. The Board of Directors has appointed the company's Chairman of the Board, Bill Austin, as interim CEO. The Board has engaged an executive search firm to assist with the recruitment of a new permanent CEO. Austin has served as a member of Ranger's Board of Directors since May 2017 and will continue to serve as Chairman of the Board of Directors while he serves as interim CEO. Austin has more than 40 years' experience in varying industries, including oilfield services. Austin currently serves as a member of the board of directors of Stallion Oilfield Services, a position he has held since October 2017, and was formerly a member of the board of directors of Nuverra Environmental Solutions, Inc. and Express Energy LLP. Austin served as Executive Vice President and Chief Financial Officer of Exterran Holdings from December 2011 until April 2014, and he also served as Senior Vice President and Director of Exterran GP, LLC from April 2012 until April 2014.
|
RTX | Hot Stocks17:17 EDT Raytheon Technologies awarded $3.12B Air Force contract - Raytheon Technologies has been awarded a $3.12B indefinite-delivery/indefinite-quantity contract for F-15 Radar Eagle Vision. This contract provides for the production, modernization and support of the F-15 APG-82 radar system to rapidly deliver and stay aligned with the F-15 weapon system program. Work will be performed in El Segundo, California, and is expected to be completed June 8, 2036. This contract currently does not have any delivery orders for Foreign Military Sales, or FMS, but does allow for future FMS orders and is the result of a sole-source acquisition. FY21 aircraft procurement funds in the amount of $471,662 are being obligated at the time of award. The F-15 Division Contracts Branch is the contracting activity.
|
GME | Hot Stocks17:14 EDT GameStop says excited about emerging console cycle - Says York, Pennsylvania distribution center expected to be operational in Q4. Says operates 4,698 stores around the globe. Says remains excited about emerging console cycle and the company's future. Says experiencing strong sales in May. Comments taken from Q1 earnings conference call.
|
NOA | Hot Stocks17:09 EDT North American Construction to acquire DGI Trading for $23.5M - North American Construction has entered into a definitive agreement to acquire DGI Trading for an estimated purchase price of $23.5M. DGI, based in Kempsey, New South Wales, Australia, supplies production-critical components to the mining industry through business relationships and a complex logistical network. The purchase price is based on a closing price equal to the net tangible assets of DGI and subsequent payments over a four-year period based on the earnings of the business. The aggregate estimated purchase price represents an EBITDA multiple of 3.0x on a next twelve-month basis. The transaction is expected to close on July 1 and will be funded through existing debt facilities.
|
EZPW | Hot Stocks16:59 EDT Ezcorp buys 128 pawn stores in Mexico for $33.8M - EZCORP "announced that it has acquired 128 pawn stores in Mexico. The stores, operating under the name Cash Apoyo Efectivo, are principally located in the Mexico City metropolitan area and enjoy strong brand recognition in that market." The initial purchase price of $33.8M includes cash of $17.3M, 212,870 shares of the company's Class A Non-Voting Common Stock valued at $1.6M , and repayment of $14.9M of Cash Apoyo Efectivo's existing debt. The sellers will be entitled to additional payments of up to $4.6M over the next two years, contingent on the performance of the acquired stores.
|
REG | Hot Stocks16:48 EDT Regency Centers COO sells 15,000 common shares - In a regulatory filing, Regency Centers COO James Thompson disclosed the sale of 15,000 common shares of the company on June 8 at a price of $67.86 per share.
|
APAM | Hot Stocks16:40 EDT Artisan Partners reports AUM $172.9B as of May 31 - Separate accounts accounted for $88.9B of total firm AUM, while Artisan Funds and Artisan Global Funds accounted for $84B.
|
MTW | Hot Stocks16:38 EDT Manitowoc announces cybersecurity incident on its network - The Manitowoc Company announced that it experienced a cybersecurity incident, resulting in a systems outage. Upon identifying the issue, the company promptly engaged an industry-leading third-party information technology firm and forensics specialist and legal counsel to assist in the investigation. Federal law enforcement has been notified, and the company is diligently working to restore its systems. This matter has caused and may continue to cause a delay or disruption to the company's business. The company considers the security and integrity of its network among its highest priorities and is taking all appropriate actions to minimize its risk. On Thursday June 3, the company announced its participation at the Stifel Virtual Cross Sector Insight Conference on Thursday, June 10. As a result of this incident, the company will no longer participate.
|
GME | Hot Stocks16:37 EDT GameStop receives request from SEC for documents on trading activity - In a regulatory filing, GameStop said that, on May 26, 2021, it received a request from the staff of the SEC for the voluntary production of documents and information concerning a SEC investigation into the trading activity in our securities and the securities of other companies. "We are in the process of reviewing the request and producing the requested documents and intend to cooperate fully with the SEC Staff regarding this matter," the company said. "This inquiry is not expected to adversely impact us."
|
TYL | Hot Stocks16:34 EDT Tyler executive chairman Marr sells 10,000 common shares - In a regulatory filing, Tyler Technologies executive chairman John Marr disclosed the sale of 10,000 common shares of the company on June 7 at a price of $408.2956 per share.
|
TRP | Hot Stocks16:33 EDT TC Energy confirms termination of Keystone XL Pipeline Project - TC Energy confirmed that after a comprehensive review of its options, and in consultation with its partner, the Government of Alberta, it has terminated the Keystone XL Pipeline Project. Construction activities to advance the Project were suspended following the revocation of its Presidential Permit on January 20, 2021. The company will continue to coordinate with regulators, stakeholders and Indigenous groups to meet its environmental and regulatory commitments and ensure a safe termination of and exit from the Project.
|
EVC | Hot Stocks16:31 EDT Entravision to acquire MediaDonuts, terms not disclosed - Entravision announced that the company has entered into a definitive agreement to acquire MediaDonuts, a digital marketing performance and branding company with operations across seven countries in the Asia-Pacific region. For over a decade, MediaDonuts has helped its customers achieve their performance and branding goals across digital media channels. The acquisition is anticipated to close on or around July 1. Upon the closing of this transaction, all MediaDonuts employees will remain with the company, and Pieter-Jan de Kroon will continue to serve as CEO of the business based out of its headquarters in Singapore. MediaDonuts has a team of more than 80 employees located in Singapore, Thailand, Philippines, Vietnam, Indonesia, Malaysia and India.
|
BEN | Hot Stocks16:31 EDT Franklin Resources reports preliminary AUM $1.543T as of May 31st - Compared to $1.529T at April 30th.
|
MDWD | Hot Stocks16:31 EDT MediWound completes enrollment for interim assessment of EscharEx Phase 2 study - MediWound Ltd. announced that the enrollment target of patients for an interim assessment of its EscharEx U.S. phase 2 adaptive design study for the treatment of venous leg ulcers has been achieved, and interim assessment is expected by the end of July 2021. The pre-defined interim assessment is for futility analysis and potential sample size adjustment. This study, which is targeted to enroll a total of 120 patients by year-end 2021, is designed to assess the safety and efficacy of EscharEx compared to gel vehicle and non-surgical standard-of-care. "We are very pleased to reach this important clinical milestone, and we look forward to the interim assessment next month," said Sharon Malka, Chief Executive Officer of MediWound. "With a clear unmet medical need for a non-surgical rapid and effective debridement agent in the outpatient setting, EscharEx has the potential to improve on the current standard of care and have a meaningful impact on chronic wound management. EscharEx represents a significant market opportunity for MediWound, with an addressable market of over a billion dollars annually." As part of the Company's broader EscharEx development program, MediWound is also conducting a phase 2 open-label, single arm study assessing the pharmacological effects of EscharEx in up to 15 patients with both diabetic foot ulcers and VLUs. The objective of this study is to gain a better understanding of what is happening in the wound bed, both during and after debridement with EscharEx, and to assess its effect on biofilm burden, reduction in inflammation, and the initiation of wound healing. MediWound expects to generate data from this study in the second half of 2021.
|
RH | Hot Stocks16:25 EDT RH says global competitive environment more primed for disruption than NA - The company states: "We believe that RH has the potential to become a $20B to $25 billion global brand in its current form, and possibly larger if aspects of our ecosystem become meaningful revenue streams. Our view is the competitive environment globally is more fragmented and primed for disruption than the North American market, and there is no direct competitor of scale that possesses the product, operational platform, and brand of RH. Our global expansion begins in the Spring of 2022 with the opening of RH England, The Gallery at Aynhoe Park, a 73 acre historic estate designed in 1615 by Sir John Soane, arguably one of the most respected and celebrated architects of his time. RH England will feature The Aynhoe Architectural Library, The Aynhoe Organic Gardens, The RH Restaurant & Orangery, and The RH Champagne & Caviar Cellar among other unique experiences. Pending reopening plans for France, our goal is to open RH Paris, The Gallery on the Champs-Elysees in the Fall of 2022. Customers will arrive through magnificent 18 foot gates and walk down a decomposed granite path lined with majestic hedges that lead to a garden courtyard where you encounter 18 foot brass doors that open to a six floor atrium connected by traversing brass staircases and a glass elevator. RH Paris will include a restaurant overlooking the gardens inspired by the Grand Palais, a sparkling Champagne and Caviar Bar on the top floor, and a romantic rooftop garden where you can sip an RH Bellini while enjoying views of the Eiffel Tower. In total we have secured five locations in Europe including London, Munich and Dusseldorf, and are in final lease negotiations for an additional five locations which will open over the next two to three years."
|
BALY | Hot Stocks16:25 EDT Bally's, KO Entertainment form strategic relationship - Bally's and Oscar de la Hoya's KO Entertainment, a subsidiary of Golden Boy Promotions, announced the formation of a strategic relationship that aims to incorporate unparalleled innovation, objectivity and gamification into combat sports, thereby transforming fan engagement. To unveil this initiative, the companies will broadcast a pilot of "Oscar de la Hoya's KO Entertainment Presents Bally's Fight Night" -- a reimagining of how the sports of boxing and mixed martial arts are presented, and the first development in the 2.0 gamification of combat sports.
|
BYD HA | Hot Stocks16:24 EDT Boyd Gaming and Hawaiian Holdings partner for loyalty program - Boyd Gaming (BYD) and Hawaiian Airlines (HA) have entered a strategic partnership to allow members to earn benefits and rewards with Boyd Gaming's B Connected player loyalty program and the carrier's HawaiianMiles program. The partnership provides customers with greater access to B Connected's selection of reward tiers, exclusive player benefits and memorable entertainment experiences, as well as more ways to earn and use HawaiianMiles.
|
FLXN | Hot Stocks16:23 EDT Flexion announces William Andrews M.D as CMO effective July 1 - Flexion Therapeutics announced that William T. Andrews, M.D., F.A.C.P., will join the company as Chief Medical Officer, CMO, effective July 1. "Will brings an impressive combination of medical, clinical, regulatory and corporate development skills, complemented by deep commercial experience he gained launching seven products throughout his career," said Michael Clayman, MD, President and Chief Executive Officer of Flexion Therapeutics. "He will play an integral role in building and strengthening our organization, and we could not be more excited to welcome him to our senior management team."
|
TWTR | Hot Stocks16:23 EDT Twitter appoints Mimi Alemayehou to board of directors, Jesse Cohn to step down - Twitter announced the appointment of Mimi Alemayehou to the Company's Board of Directors as a new independent director, effective immediately. In connection with Alemayehou's appointment, Jesse Cohn will be stepping down after an important year on the Board. As one of Twitter's largest shareholders, Elliott Investment Management will continue to engage with members of the company's senior management team and Board, facilitated by the Information Sharing and Engagement Agreement the company entered into with Elliott.
|
RH | Hot Stocks16:22 EDT RH jumps over 5% to $645 after Q1 earnings beat, raised FY21 revenue outlook
|
LAKE | Hot Stocks16:22 EDT Lakeland Industries provides update on COVID-19 impact - The company said, "We anticipate that impact of COVID-19 on sales in the U.S., Canada, and Europe will be largely exhausted by the end of Q2FY21, leaving only lesser levels of pandemic demand in developing regions of the world like India, Vietnam, and some parts of South America. We believe that surge related demand will continue to decline in the second half of FY22 and will be largely over by the end of FY22. Lakeland has responded accordingly by scaling operational activities to address demand where it originates around the world and by accelerating our marketing efforts for the resumption of industrial economic growth which has been clearly evident over the past two quarters. We used COVID-19 to our advantage as a catalyst for transformation. At the end of the first quarter of fiscal 2022, we have demonstrated resiliency in our operations and sustainability of our financial performance. Continued investments in our IT systems, data-centric planning processes, and organic growth initiatives are expected to drive ongoing improvements in productivity, efficiencies, and profitability. These aspects of our business should be complemented by the inorganic growth opportunities, such as business acquisitions, that we are now pursuing or intend to pursue."
|
AB | Hot Stocks16:21 EDT AllianceBernstein reports preliminary AUM $731B as of May 31 - Up from $724B at the end of April. Firmwide net inflows, coupled with market appreciation, drove the 1% increase.
|
IVZ | Hot Stocks16:20 EDT Invesco reports preliminary AUM $1.5T as of May 31 - An increase of 3.2% versus previous month-end. Total net inflows were $31.9B.
|
IOSP | Hot Stocks16:20 EDT Innospec teams with Unilever on 'non-animal approaches' for product safety - Innospec announces its collaboration with Unilever in our commitment to develop and promote effective non-animal approaches to evaluate the safety of our products and ingredients for our employees, customers and the environment.
|
HRZN | Hot Stocks16:19 EDT Horizon Technology names Daniel Devorsetz as COO - Horizon Technology announced that it has appointed Daniel Devorsetz as COO, effective immediately. In addition, Devorsetz has concurrently been appointed as COO of Horizon's external investment advisor, Horizon Technology Finance Management. He currently serves as Chief Investment Officer for both Horizon and the Advisor, and will continue in those roles. He reports to Horizon President Gerald Michaud. Devorsetz joined HTFM in 2004 as Vice President, Credit, responsible for credit underwriting and portfolio management. He authored the policies and developed the tools and systems used by the team to structure, underwrite, and track its investments. Devorsetz was promoted to Chief Credit Officer in 2008 and named Chief Investment Officer in 2014. In recent years, his efforts have further enhanced Horizon's industry leading business development, credit operations and portfolio management functions.
|
RH | Hot Stocks16:19 EDT RH reports Q1 core demand up 109% from last year - Reports Q1 gross margin up 550bps to 47.3%. Reports Q1 free cash flow $136M vs. ($36M) last year.
|
VIAO | Hot Stocks16:17 EDT VIA Optronics partners with SigmaSense over new touch sensing solutions - VIA Optronics has formed a strategic partnership with SigmaSense, a player in touch sensing performance. As part of the strategic partnership, VIA has made a financial investment into SigmaSense and expanded their collaboration to develop new touch solutions for automotive applications, industrial displays and consumer electronics. "We are excited to announce our expanded collaboration and investment in SigmaSense. Combining the SigmaSense technology with our metal mesh touch capabilities will not only allow us to offer enhanced touch resolution and quality, we will also be able to provide new and exciting touch functionalities," said Jurgen Eichner, CEO & Founder of VIA. "With SigmaSense, we can deliver next level interactive user experiences while also applying new innovations across industries, from the consumer market to the high end automotive and industrial markets."
|
KKR | Hot Stocks16:16 EDT KKR creates Geode Health to offer increased access to mental health care - KKR announced the creation of Geode Health, a mental health services company that will partner with psychiatrists, psychologists, and therapists to offer in-person and virtual outpatient care to adults and children in the United States. Geode provides comprehensive support for mental health professionals, enabling them to increase access and augment outcomes for their patients, KKR said. The company intends to partner with existing providers and open new clinics to fulfill the substantial unmet need for high-quality mental health services. Gaurav Bhattacharyya, a proven multi-site health care services executive, will serve as Chief Executive Officer of Geode. Most recently, Bhattacharyya served as CEO of Elite Dental Partners, a dental support organization with 100+ offices across 12 states. Geode has also appointed Mike King to serve as Chief Operating Officer. King was most recently General Manager at Cityblock Health, a leading Medicaid- and duals-focused value-based care platform.
|
AKAM | Hot Stocks16:14 EDT Akamai director Ford sells 9,550 common shares - In a regulatory filing, Akamai director Monte Ford disclosed the sale of 9,550 common shares of the company on June 8 at a price of $117.29 per share.
|
GNSS | Hot Stocks16:14 EDT Genasys acquires Zonehaven, terms undisclosed - Genasys announced that it has acquired Zonehaven, a provider of software-as-a-service, or SaaS, solutions for emergency evacuations. Zonehaven provides planning, training, and resources to first responders, public safety agencies, and communities to manage evacuations and repopulations. The transaction closed on June 7. Based in San Francisco, California, Zonehaven's services are trusted by more than 170 fire districts, 140 law enforcement agencies and 200 cities, with more than 3,300 evacuation zones covering 3.2M people in Northern California and Southern Oregon.
|
IAC | Hot Stocks16:14 EDT IAC reports May Angi Inc. total revenue up 7% from last year - As part of its May monthly metrics disclosure, IAC also reports Dotdash revenue up 67%, and its Search business revenue up 45% from last year. Emerging & Other revenue was up 44% from last year. Reference Link
|
GME | Hot Stocks16:13 EDT GameStop down 4% after reporting Q1 losses - GameStop shares are down $11.89, or 4%, to $289.51 in after-hours trading as of 4:12 PM EDT.
|
GME | Hot Stocks16:13 EDT GameStop reports May sales up 27% - The company said, "GameStop is continuing to suspend guidance at this time; however, it believes total net sales is the most appropriate metric to evaluate performance at this time. The Company's second quarter sales trends continue to reflect momentum, with May total sales increasing approximately 27% compared to last year."
|
AMC | Hot Stocks16:09 EDT AMC Entertainment says number of investors increased to 4.1M - The company states: "As previously disclosed, there were 501,780,240 shares outstanding as of June 2, 2021, the record date for the Shareholder Meeting scheduled for July 29, 2021. As of June 2, there were approximately 4.1 million1 individual shareholders eligible to vote at the upcoming Shareholder Meeting." AMC President and CEO Adam Aron said, "The number of investors who want to own a part of AMC continues to increase and now stands at approximately 4.1 million. More than 80% of AMC shares are held by a broad base of retail investors with an average holding of around 120 shares. Some hold more and some hold less, however, each and every shareholder is important to AMC. Each shareholder has a critical role to play in AMC's future by having their voice heard by voting at our upcoming Shareholder Meeting. By voting in favor of the proposals, together we can help position AMC, in its 101st year of business, for continued success over the next century."
|
GME AMZN | Hot Stocks16:09 EDT GameStop appoints Matt Furlong as CEO, Mike Recupero as CFO - GameStop (GME) announced that it has appointed Matt Furlong as CEO and Mike Recupero as CFO. Furlong and Recupero join from Amazon (AMZN), where they each held senior roles and oversaw various growth initiatives during their respective tenures. Furlong's start date is June 21 and Recupero's start date is July 12. Furlong has experience implementing growth strategies across global geographies and product categories. Most recently, he was a Country Leader and oversaw Amazon's Australia business during a period of growth. Recupero is a technology industry finance executive, who spent more than 17 years at Amazon supporting growth across global geographies and product categories. He most recently served as CFO of the North American Consumer business after serving as CFO of Prime Video.
|
AUTO | Hot Stocks16:08 EDT AutoWeb announces strategic relationship with CreditIQ - AutoWeb announced a strategic relationship with CreditIQ, a software and service company that enables dealers to provide seamless digital retail experiences to consumers, to provide AutoWeb's visitors access to CreditIQ's retail-ready platform. The collaboration enables shoppers using AutoWeb's search funnel to calculate car payments on a vehicle of interest, streamlining the car buying process for buyers and sellers. "
|
GME AMZN | Hot Stocks16:09 EDT GameStop appoints former Amazon executives as CEO and CFO
|
VRTS | Hot Stocks16:05 EDT Virtus Investment reports preliminary total AUM $175.5B as of May 31
|
SHAK | Hot Stocks16:05 EDT Shake Shack names Katherine Fogertey CFO - Shake Shack announced that Katherine Fogertey has been appointed to serve as the company's Chief Financial Officer, effective June 14, 2021. Katie joins Shake Shack's executive leadership team and will be responsible for leading financial operations across the company, including accounting and control, financial planning and analysis, operations finance, investor relations and external reporting. Randy Garutti, CEO of Shake Shack, stated, "I am excited to welcome Katie to the Shake Shack leadership team as CFO. She brings extensive financial experience, knowledge of our brand and deep industry and capital markets insights. I know Katie will be a natural fit in our Shake Shack culture, and I'm looking forward to working with her and our entire team as our business enters a new phase of exciting growth ahead."
|
ARQT | Hot Stocks16:04 EDT Arcutis Biotherapeutics says Jonathan Silverstein steps down from board - Arcutis Biotherapeutics announced that Sue-Jean Lin has been appointed to the Arcutis Board of Directors effective June 9, and that Jonathan Silverstein, J.D. has decided to step down from the Board for personal reasons.
|
AA | Hot Stocks15:33 EDT Alcoa CFO says company on target for 'really strong' Q2 - Alcoa CFO William Oplinger said at the Deutsche Bank Global Basic Materials conference, "In April, if you recall, we gave some guidance around some of the short-term cost headwinds that we were seeing in the second quarter. And it was pretty clear, and anybody that wasn't familiar with it, should go back and look at the comments that we made back in April. Since that time, metal prices have markedly moved up. The trailing 15-day LME average for first quarter versus second quarter is roughly $400 per ton higher than what we saw in the first quarter. So we're expecting to have all that benefit of higher prices hit the bottom line. And so that's really favorable. Along with those higher prices you typically see in our industry, a little bit of cost creep, and we are looking at around $10 million to $20 million of some higher cost inflation in the second quarter. But that's just offsetting -- in a small part, offsetting the $400 a ton dropping to the bottom line. Taken in total, I think the second quarter will represent substantial improvement versus the first quarter. There will be substantial improvement versus the second quarter last year. So we're on target to have a really strong second quarter."
|
VIRT | Hot Stocks14:57 EDT Virtu Financial CEO 'welcomes' SEC review of stock market structure - Virtu Financial CEO Douglas Cifu said he "welcomes" SEC Chairman Gary Gensler's comments that the Commission will study changing rules that govern how U.S. stocks are priced and traded. Cifu made the comments while being interviewed on CNBC.
|
ATVI... | Hot Stocks14:34 EDT Blizzard says online cross-play coming to 'Overwatch' - Activision Blizzard's (ATVI) Blizzard Entertainment said that cross-play, or the ability for players on different platforms to play with one another online at the same time, is coming to popular team shooter "Overwatch" soon. "Powered by the latest global Battle.net update, players from around the world can team up, regardless of their preferred platform," the company said in a blog post. "With the release of cross-play, all players will need to make a Battle.net account and link their appropriate console accounts. With the launch of Cross-Play, everyone who logs in to Overwatch by the end of 2021 will receive a Golden Loot Box to celebrate." All console players will be required to make a Battle.net account and link it to their console account. PC players do not need to take this step, as they already have a Battle.net account. "Overwatch" is currently playable on PC, Nintendo Switch (NTDOY), Xbox One (MSFT), and PlayStation 4 (SONY). Reference Link
|
NTIP | Hot Stocks14:03 EDT Network-1 Technologies extends share repurchase program - Network-1 Technologies, Inc. announced that its Board of Directors has extended its previously announced share repurchase program pursuant to Rule 10(b)-18 of the Securities Exchange Act, as amended, authorizing Network-1 to repurchase up to $5,000,000 of shares of its common stock over the next two years. To date, the company has repurchased an aggregate of 8,645,659 shares of its common stock under the Share Repurchase Program since inception of the program in August 2011 at an average price of $1.88 per share or an aggregate cost of approximately $16,286,805.
|
VIRT | Hot Stocks13:37 EDT Virtu Financial slides as SEC said to undertake review of stock market structure - Shares of Virtu Financial (VIRT) are down $2.19, or 7%, to $29.27 in afternoon trading after the The Wall Street Journal's Dave Michaels reported earlier that the Securities and Exchange Commission is considering changing rules that govern how U.S. stocks are priced and traded, citing comments made by Chairman Gary Gensler. The SEC is looking at pricing incentives that trading venues use to attract orders, according to the report. Reference Link
|
XRT XLY | Hot Stocks13:23 EDT NRF raises forecast, U.S. retail sales now seen topping $4.44T in 2021 - The National Retail Federation issued its revised annual forecast for 2021, anticipating that retail sales will now grow between 10.5%-13.5% to more than $4.44T this year as the economy accelerates its pace of recovery. The announcement was made during NRF's inaugural State of Retail and the Consumer event. The revised forecast surpasses NRF's initial projection of at least 6.5% growth, made in February of this year. NRF now forecasts that 2021 retail sales are estimated to total between $4.44T to $4.56T. Non-store and online sales, which are included in the total figure, are expected to grow between 18% and 23% to a range of $1.09T to $1.13T as consumers continue to utilize ecommerce. The numbers exclude automobile dealers, gasoline stations and restaurants. The updated figure compares with $4.02T in total retail sales in 2020. Of that, $920B was from purchases made through non-store and online channels. Given the strength of consumer spending, NRF Chief Economist Jack Kleinhenz noted he anticipates the fastest growth the U.S. has experienced since 1984. Reference Link
|
CNI... | Hot Stocks13:18 EDT North American rail traffic rose 12.2% in week ended June 5, AAR says - he Association of American Railroad, AAR, reported U.S. rail traffic for the week ending June 5. For this week, total U.S. weekly rail traffic was 489,144 carloads and intermodal units, up 12.9% compared with the same week last year. For some rail traffic categories, percentage changes for the current week compared with the same week in 2020 are inflated because of the widespread shutdowns - and subsequent large reduction in rail volumes - that impacted many economic sectors last year at this time. North American rail volume for the week ending June 5, 2021, on 12 reporting U.S., Canadian and Mexican railroads totaled 324,161 carloads, up 15.4% compared with the same week last year, and 350,015 intermodal units, up 9.4% compared with last year. Total combined weekly rail traffic in North America was 674,176 carloads and intermodal units, up 12.2% North American rail volume for the first 22 weeks of 2021 was 15,389,692 carloads and intermodal units, up 12% compared with 2020.Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Reference Link
|
CASY | Hot Stocks13:06 EDT FTC approves order requiring divestitures for Casey's acquisition - Following a public comment period, the Federal Trade Commission approved a final order settling charges that Casey's General Stores' acquisition of Buck's Intermediate Holdings would violate federal antitrust law. Under the order, the companies have agreed to divest retail fuel assets in local gasoline and diesel fuel markets across two states, the FTC said in a statement. The final order requires Casey's to divest six retail fuel outlets, three Casey's outlets and three Bucky's outlets, to Western Oil II, and its affiliate Danco II, within 10 days after Casey's completes the acquisition.
|
VWAGY | Hot Stocks12:10 EDT Volkswagen invests another $620M in Swedish battery partner Northvolt - Volkswagen is participating, with a contribution of $620M, in a financing round of its Swedish battery partner Northvolt AB with a total volume of $2.75B. The Group will thus maintain its stake in the company constant at about 20 percent. The funds are to be used for capacity expansion in the fields of production, recycling and research and development. Among other activities, Northvolt intends to expand the capacity of its Northvolt Ett gigafactory in Skellefteundefined, Northern Sweden from 40 GWh to 60 GWh per year, in order to meet higher demand from customers. Arno Antlitz, Group Board Member for Finance and IT: "With this investment, we are strengthening our strategic partnership with Northvolt as a supplier of sustainable battery cells which are produced using renewable energy and are comprehensively recyclable." Volkswagen had already invested about EUR900M in Northvolt in June 2019, acquiring about 20% of the shares in the company as well as a seat on the Board of Directors. The production of Volkswagen premium cells is to be concentrated at Skellefteundefined in cooperation with Northvolt. Production of these cells is due to start in 2023 and the annual capacity intended for Volkswagen is to be built up step-by-step to as much as 40 GWh.
|
VWAGY AUDVF | Hot Stocks12:08 EDT VW board reaches deal with Winterkorn on EUR11.2M in compensation - Volkswagen's (VWAGY) supervisory board has reached an agreement with the former Chairman of the Board of Management, Martin Winterkorn, on compensation in excess of EUR10M in connection with the diesel issue. The agreement between the company and Winterkorn which was approved by the Supervisory Board last Saturday provides for an amount of EUR11.2M. The Supervisory Board also approved an agreement on an amount of EUR4.1M from the former member of the Group Board of Management and Chairman of the Board of Management of AUDI AG (AUDVF), Rupert Stadler. The payments relate to the investigation started by the Supervisory Board in October 2015 into the causes of the diesel crisis and who was responsible for this. Ultimately, the Board resolved in March to assert claims for damages against Prof. Winterkorn and Mr. Stadler on account of breaches of the duties of care under stock corporation law. No breaches of duty by other members of the Group Board of Management were identified. The General Meeting, which will be convened for 22 July, still has to approve the agreements. Volkswagen AG has also reached an agreement about compensation payments from its D&O insurance in this regard. The D&O insurers will be paying an amount of EUR270M.
|
VUZI | Hot Stocks12:04 EDT Vuzix to be added to Russell 3000 and Russell 2000 indexes - Vuzix announced that it 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, according to a preliminary list of additions posted June 4. Membership in the U.S. all-cap Russell 3000 Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. "We are pleased to see our shares added to the Russell Indexes, one of the leading market performance benchmarks in North America. We view this as an important milestone and one that demonstrates Vuzix' growing market leadership and enterprise value. At the same time, we feel this should help raise awareness and the appeal of Vuzix within the institutional investment community," said Vuzix CEO Paul Travers.
|
GOOG GOOGL | Hot Stocks12:04 EDT Google announces Firmina subsea cable running from U.S. to Argentina - Google announced Firmina, an open subsea cable being built by Google that will run from the East Coast of the United States to Las Toninas, Argentina, with additional landings in Praia Grande, Brazil, and Punta del Este, Uruguay. Firmina will be the longest cable in the world capable of running entirely from a single power source at one end of the cable if its other power source(s) become temporarily unavailable. "As people and businesses have come to depend on digital services for many aspects of their lives, Firmina will improve access to Google services for users in South America," Google Cloud's Bikash Koley said. "With 12 fiber pairs, the cable will carry traffic quickly and securely between North and South America, giving users fast, low-latency access to Google products such as Search, Gmail and YouTube, as well as Google Cloud services."
|
VRTV | Hot Stocks12:00 EDT Veritiv falls -12.7% - Veritiv is down -12.7%, or -$9.39 to $64.61.
|
ZME | Hot Stocks12:00 EDT Zhangmen Education falls -12.8% - Zhangmen Education is down -12.8%, or -$2.17 to $14.82.
|
UNFI | Hot Stocks12:00 EDT United Natural Foods falls -20.4% - United Natural Foods is down -20.4%, or -$8.29 to $32.33.
|
CXW | Hot Stocks12:00 EDT CoreCivic rises 16.6% - CoreCivic is up 16.6%, or $1.57 to $11.00.
|
IVR | Hot Stocks12:00 EDT Invesco Mortgage rises 23.0% - Invesco Mortgage is up 23.0%, or 81c to $4.36.
|
GEO | Hot Stocks12:00 EDT Geo Group rises 40.6% - Geo Group is up 40.6%, or $2.58 to $8.94.
|
FLDM | Hot Stocks11:36 EDT Fluidigm announces Advanta SARS-CoV-2 Mutation Assay Panel for variant detection - Fluidigm said via Twitter that it is "Announcing the Advanta(TM) SARS-CoV-2 Mutation Assay Panel for use with saliva or extracted RNA, a reflex-free and #highthroughput solution to detect CDC and WHO identified #Variants of Concern when run concurrently with additional reagents sold separately. https://fluidigm.com" Reference Link
|
JBSAY | Hot Stocks11:34 EDT JBS to invest more than $130M in increasing U.S. beef capacity - JBS USA announced it is investing more than $130M in the U.S. beef industry to increase production capacity and more than $150M in annualized pay increases to workers across its nine beef plants. "JBS USA has invested $130 million to increase production capacities at two of its major beef processing facilities in Grand Island and Omaha, Neb. The company is on schedule to complete a significant expansion of its Grand Island beef production facility, including the construction of a new harvest floor and enhanced animal welfare facilities, in late summer. JBS USA is also expanding cooler capacity and upgrading the fabrication floor at its Omaha beef production facility. These expansions will increase processing capacity by nearly 300,000 head of cattle per year, providing increased access and opportunity for the more than 1,100 local cattle producers who support the facilities," the company stated.
|
HII | Hot Stocks11:31 EDT Huntington Ingalls' shipbuilding unit plans to hire 3,000 full-time shipbuilders - Huntington Ingalls Industries' Ingalls Shipbuilding division plans to hire approximately 3,000 full-time shipbuilders as part of its future growth plan. "We are steadily adding new team members to our growing workforce," Ingalls Shipbuilding President Kari Wilkinson said. "Shipbuilding is a challenging, extremely rewarding and potentially life-changing career, and we are excited to offer so many full-time, stable, full-benefits opportunities to our community."
|
IMAX | Hot Stocks11:24 EDT Imax elects Darren Throop as chairman; Steve Pamon to join Imax board - IMAX Corporation announced that its Board of Directors has elected longstanding Board Member Darren Throop -- founder, CEO and President of Entertainment One -- as Chairman. At its Annual and Special Meeting of Shareholders, IMAX shareholders also elected Steve Pamon, former President and COO of Beyonce's Parkwood Entertainment, to join the Board. Both appointments are effective immediately.
|
EA | Hot Stocks11:14 EDT Electronic Arts says Battlefield 2042 available now for pre-order - Electronic Arts and DICE announced Battlefield 2042, which they call "a groundbreaking first-person shooter set to revolutionize the modern multiplayer sandbox." Battlefield 2042 is available now for pre-order and is set to launch on retail and digital storefronts on October 22 for $59.99 on Xbox One, PlayStation4, and PC, and $69.99 on Xbox Series X and S and PlayStation5. Players who pre-order have three different editions to choose from, including the Battlefield 2042 Gold Edition for $89.99 on PC and $99.99 on console, or the Battlefield 2042 Ultimate Edition for $109.99 on PC or $119.99 on console. EA Play members get a 10-hour trial starting Oct 15, the company stated.
|
CAT | Hot Stocks11:03 EDT Caterpillar raises dividend 8% to $1.11 per share - The board of directors of Caterpillar voted today to increase the quarterly cash dividend by eight cents, an 8% raise, to $1.11 per share of common stock, payable August 20, to shareholders of record at the close of business on July 20. "Through the execution of our enterprise strategy for profitable growth, Caterpillar is generating higher free cash flow through the cycles. Our strong balance sheet and liquidity position make it possible for us to continue our long history of increasing our dividend and returning value to shareholders," said Caterpillar CEO Jim Umpleby.
|
CG | Hot Stocks11:03 EDT Carlyle Group acquires majority stake in 1E; terms not disclosed - 1E, a company engaged in Unified eXperience Management, announced that The Carlyle Group has acquired a majority stake in the company. Founder and CEO, Sumir Karayi will retain a significant minority stake and remain CEO of the company. The financial details of the transaction were not disclosed. 1E's current senior management team will remain with the company. Cormac Whelan will be appointed as Chairman, as the business embarks on its next phase of growth.
|
ESGC | Hot Stocks10:53 EDT Eros, Xfinite expand partnership for blockchain-based content engagement program - Xfinite and Eros Now, a South Asian entertainment platform owned by global entertainment company Eros STX Global Corporation, announced it has deepened its partnership with Xfinite's Mzaalo platform, a gamified video streaming service on track to have 10M users by year end. The partnership further establishes Eros Now's footprint in advertising video on-demand, a still-developing segment of the India streaming market that has significant growth potential, while allowing Eros Now to continue building its core subscription video on-demand service, the companies said in a statement.
|
UPS | Hot Stocks10:52 EDT UPS at session lows, down nearly 5% as investor day meeting continues - As UPS continues to host its investor and analyst conference, shares have fallen to session lows. UPS shares are down $9.93, or nearly 5%, to $199.83 as of 10:51 AM EDT.
|
WSTG | Hot Stocks10:43 EDT Wayside Technology announces appointment of Andrew Clark as CFO - Wayside Technology announced the appointment of Andrew Clark as Chief Financial Officer effective June 7th. Clark replaces Michael Vesey, who stepped down after 4 years as Wayside Technology Group's Chief Financial Officer.
|
IBKR... | Hot Stocks10:04 EDT Interactive Brokers CEO says to offer crypto trading by end summer - Interactive Brokers (IBKR) Chairman and CEO Thomas Peterffy said at the Piper Sandler Global Exchange and FinTech Conference when asked about cryptocurrency plans that "Customers certainly are asking for it, and we expect to be ready to offer it to them by the end of the summer." He added, according to a transcript of the event: "As to hurdles ... how do you keep your customers going to 100% sale. Think about it. How do you make it 100% sure that no one will steal their coins in spite of the fact that they are untraceable. We will find out more about this when we open for business at the end of the summer... We have done some work. It's not a huge amount of work, but we have been working on it for some time now. And as I said, we expect to be done by the end of the summer." In early trading, Coinbase (COIN) shares are fractionally lower following Peterffy's conference presentation.
|
VZIO | Hot Stocks10:03 EDT Vizio surpasses 11M addressable enabled TVs - VIZIO announced it has surpassed 11.2M addressable TVs across the U.S. that enable frame-accurate dynamic ad insertion. The news comes on the heels of numerous successful ad campaigns from America's top TV networks. The number represents a milestone for members of Project OAR, the addressable advertising consortium founded by VIZIO and America's TV media companies. "By expanding the addressable footprint, programmers are able to deliver and manage addressable TV ad inventory inside of linear programming broadcast to homes across America," the company said. "Addressable TV advertising has arrived. This milestone pushes the consortium beyond a "Project" and into an addressable business. We have worked to put standards in place in collaboration with top networks to deliver addressable campaigns at scale and enhance the TV experience for viewers at home. With the infrastructure in place and more campaigns going live in the market, we are making it possible to deploy, manage and sell dynamic ads for local and national inventory," said Adam Gaynor, VP Network Partnerships and Head of Addressable for VIZIO and OAR.
|
CLVT | Hot Stocks10:00 EDT Clarivate falls -13.8% - Clarivate is down -13.8%, or -$4.51 to $28.30.
|
ZME | Hot Stocks10:00 EDT Zhangmen Education falls -15.2% - Zhangmen Education is down -15.2%, or -$2.58 to $14.41.
|
UNFI | Hot Stocks10:00 EDT United Natural Foods falls -17.8% - United Natural Foods is down -17.8%, or -$7.22 to $33.40.
|
WWE | Hot Stocks10:00 EDT WWE rises 16.6% - WWE is up 16.6%, or $9.64 to $67.79.
|
AHT | Hot Stocks10:00 EDT Ashford Hospitality rises 19.8% - Ashford Hospitality is up 19.8%, or $1.24 to $7.51.
|
GEO | Hot Stocks10:00 EDT Geo Group rises 40.7% - Geo Group is up 40.7%, or $2.59 to $8.95.
|
GEO | Hot Stocks09:56 EDT GEO Group trading resumes
|
GEO | Hot Stocks09:51 EDT GEO Group trading halted, volatility trading pause
|
CLVT | Hot Stocks09:47 EDT Clarivate falls -9.9% - Clarivate is down -9.9%, or -$3.27 to $29.55.
|
VRTV | Hot Stocks09:47 EDT Veritiv falls -10.9% - Veritiv is down -10.9%, or -$8.05 to $65.95.
|
UNFI | Hot Stocks09:47 EDT United Natural Foods falls -12.7% - United Natural Foods is down -12.7%, or -$5.17 to $35.45.
|
UWMC | Hot Stocks09:47 EDT UWM Holdings rises 12.2% - UWM Holdings is up 12.2%, or $1.11 to $10.26.
|
AHT | Hot Stocks09:47 EDT Ashford Hospitality rises 19.0% - Ashford Hospitality is up 19.0%, or $1.19 to $7.46.
|
GEO | Hot Stocks09:47 EDT Geo Group rises 31.7% - Geo Group is up 31.7%, or $2.02 to $8.38.
|
GEO CXW | Hot Stocks09:46 EDT Geo Group joins meme stock rally as short squeeze play - Shares of Geo Group (GEO) are rallying after being talked about on Reddit's WallStreetBets forum as a possible short squeeze candidate. The stock in early trading is up 40%, or $2.56, to $8.92. CoreCivic (CXW), another operator of private prisons, is up 9% to $10.31.
|
FRPT CHWY | Hot Stocks09:34 EDT Freshpet to partner with Chewy to bring brand to consumers later in 2021 - In a regulatory filing, Freshpet (FRPT) announced that it will be partnering with Chewy (CWHY) to bring the Freshpet vital brand to consumers in select geographies beginning later in 2021.
|
BTC... | Hot Stocks09:34 EDT Crypto names recover as bitcoin price jumps over 4% - Shares of Marathon Digital (MARA) were up about 2% above $24 while Riot Blockchain rallied 2.5% above $25.80 at the open amid a rebound in bitcoin and other cryptocurrencies. Bitcoin is trading higher by about 4.5% just shy of $35,000 mark - the highest percentage increase since May 31st.
|
T | Hot Stocks09:33 EDT AT&T announces $725M over-12 years task order from Dept. of Veterans Affairs - AT&T announced it was selected by the U.S. Department of Veterans Affairs, or VA, to deliver a modernized data communications platform that will serve as a foundation for innovative VA technology capabilities to drive mission outcomes. AT&T was awarded the $725M over 12 years task order by VA under the General Services Administration's Enterprise Infrastructure Solutions contract for federal agencies. "We will work with the VA to continuously transform its IP-based data network to exceed its goals of a highly secure, scalable, highly available, and resilient technology infrastructure that can enable rapid cloud adoption. Some of the advanced capabilities we are providing include Wide Area Networking, Virtual Private Networking and Managed Network services," the company said.
|
CLNE | Hot Stocks09:31 EDT Clean Energy has no plans to raise additional capital at this time - On June 8, Clean Energy Fuels disclosed that it sold 10.47M shares of common stock under its at-the-market equity offering program and exhausted the new ATM Program in full. In the aggregate, the company issued 22.8M shares of common stock and received gross proceeds of $199,999,720 pursuant to the new at-the-market program and the prior program. As previously disclosed, Clean Energy intends to use the net proceeds for developing and acquiring renewable natural gas production projects and building fueling stations to support contracted RNG fueling volume. The company said it has no plans to implement a new at-the-market equity offering program to raise additional capital at this time. Shares of Clean Energy are up 39% to $13.78 in early trading.
|
VRNS | Hot Stocks09:27 EDT Varonis selected to support DoD's new Zero Trust strategies for cybersecurity - Varonis Systems announces it was selected for inclusion within the joint DoD Zero Trust Testbed located at DreamPort. The Varonis Data Security Platform will be utilized to test new Zero Trust strategies and technologies inside a Zero Trust cybersecurity-hardened cloud environment, part of a joint effort between the U.S. National Security Agency, USCC, and Defense Information Security Agency. "Cyberattacks are increasing in scope, sophistication and frequency - and the target in nearly every case is sensitive data," says Michael Wallace, President, U.S. Public Sector, Varonis. "We are proud to be selected to support DreamPort and the DoD mission to help validate and further the adoption of Zero Trust, data-centric cybersecurity approaches." Varonis will be used to test and validate the DoD's Zero Trust efforts. The Varonis Data Security Platform was selected for its ability to boost visibility, enforce least privilege, and reduce risk with continuous monitoring and automation.
|
UWMC | Hot Stocks09:25 EDT UWM Holdings up over 9% on Reddit post highlighting 1% rate price cut - Shares of UWM Holdings are up about 9% in pre-market trading at $10.08 following a Reddit WallStreetBets group post highlighting the video made by the company's CEO on Facebook announcing a cut in rate prices of about 100bps. Reference Link
|
HON | Hot Stocks09:22 EDT Honeywell announces launch of Advanced Monitoring and Incident Response service - Honeywell announced the introduction of the Honeywell Advanced Monitoring and Incident Response, or AMIR, service. The service "provides 24/7 operational technology cybersecurity detection and rapid response for current and emerging cyber threats," the company said. AMIR is "integrated with the broader Honeywell Forge Cybersecurity portfolio designed to help further strengthen cyber defenses for operating environments," the company noted. Jeff Zindel, vice president and general manager, Honeywell Connected Enterprise Cybersecurity, added: "Staffed by cybersecurity experts with specific OT experience, AMIR offers a tremendous resource to complement any existing IT/OT cybersecurity program and help ease the burden of cybersecurity challenges."
|
YVR | Hot Stocks09:20 EDT Liquid Media announces LOI to acquire iGEMStv for up to 566,667 shares - Liquid Media Group announced the signing of a letter of intent to acquire iGEMStv which provides a curated platform of content recommendations, including movies, TV series and TV shows. Under the terms of the LOI, Liquid would acquire iGEMStv for up to 566,667 shares, and iGEMStv must achieve revenues totalling over $9.5M to trigger three of the four equal tranches. "We look forward to welcoming iGEMS into the Liquid business family. Their unique blend of machine learning, human curation and deep experience in the space drives content discoverability for consumer audiences seeking the very best content in all genres. At the same time, iGEMS would become yet another channel to help IP owners working with Liquid reach a wider audience," said Liquid CEO Ron Thomson. Under the terms of the LOI, Liquid proposes to acquire iGEMS for a total of up to 566,667 common shares of Liquid, which would be paid out to iGEMS investors across specific performance milestones in four equal tranches of 141,667 common shares each. The first tranche of Consideration Shares would be payable upon closing, with three remaining milestones triggered by iGEMStv revenues totaling $9.5M in the years ahead. Additional cash would be invested in iGEMS' ongoing operations, beginning with immediate availability of a secured bridge loan in the amount of $100,000, 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 customary due diligence, documentation provisions and any necessary share issuance requirements and approvals.
|
FSLR | Hot Stocks09:17 EDT First Solar to invest $680M in expanding American solar manufacturing capacity - First Solar announced that it will invest $680M to expand America's domestic photovoltaic solar manufacturing capacity by 3.3 gigawatts DC annually, representing an implied capital expenditure of approximately 20c per watt. The company intends to fund construction of its third US manufacturing facility, in Lake Township, Ohio, with existing cash resources. Contigent upon permitting and pending approval of various state, regional and local incentives, the new facility is expected to commence operations in the first half of 2023. It is projected to achieve its throughput entitlement by the end of the same year with over 3 GWDC of nameplate capacity, and is expected to attain full nameplate capacity, based on the company's module efficiency roadmap, in 2025. When fully operational, the facility will scale the company's Northwest Ohio footprint to a total annual capacity of 6 GWDC, which is believed to make it the largest fully vertically integrated solar manufacturing complex outside of China.
|
IDT | Hot Stocks09:15 EDT National Retail Solutions, Koupon expand partnership - National Retail Solutions, a subsidiary of IDT, announced the expansion of its partnership with Koupon to significantly extend the reach of consumer packaged goods brands through independent C-stores. "We are excited to offer Koupon's CPG clients a robust, integrated suite of advertising and data offerings," said Eli Korn, Chief Operating Officer of NRS. "In-store coupons and promotions are significantly more effective when complemented by ads displayed on NRS' customer-facing digital screens that are viewed by over 60M eyeballs every month. Moreover, our actionable analytics platform provides CPG brands with unprecedented visibility into the impact of their promotions."
|
AEMD | Hot Stocks09:14 EDT Aethlon soars nearly 400% as Reddit users highlight bullish report - Shares of Aethlon Medical are up nearly four-fold in premarket trading after Reddit users discussed a bullish research report from Zachs analyst Marla Marin. Aethlon last week announced the publication of a pre-print manuscript in Research Square highlighting two case studies of patients treated with its Hemopurifier, a cartridge that is designed to filter viruses and exosomes from the blood. The two feasibility studies, one treating Covid patients and one treating patients with head and neck cancer, could potentially result in an expanded commercial opportunity for the device and a shortened path to approval, Marin wrote in a research note dated yesterday. "Critical need for new breakthrough treatments in oncology means the cancer study could be an important catalyst, depending on the clinical results," she added. The analyst's sum-of-the-parts analysis values Aethlon Medical at more than $8 per share. The stock in premarket trading is up nearly 370%, or $8.14, to $10.35 as users on Reddit shared Marin's report.
|
AVDL | Hot Stocks09:13 EDT Avadel Pharmaceuticals presents new clinical data from phase 3 REST-ON study - Avadel Pharmaceuticals announced new post hoc analyses of data from the completed pivotal Phase 3 REST-ON clinical trial of FT218. The data were presented in three separate posters at SLEEP 2021, the 35th Annual Meeting of the Associated Professional Sleep Societies, a joint meeting of the American Academy of Sleep Medicine and the Sleep Research Society. FT218 is currently under review at the Food and Drug Administration with a Prescription Drug User Fee Act target date of October 15, 2021. Highlights from the poster presentations are outlined below. Efficacy of FT218, a Once-Nightly Sodium Oxybate Formulation, by Narcolepsy Subtype: A Post Hoc Analysis from the REST-ON Study. FT218 demonstrated statistically significant improvement in excessive daytime sleepiness at all evaluated doses in patients with narcolepsy subtypes 1 and 2, with greater improvement in measures of EDS, including mean sleep latency on maintenance of wakefulness test and Clinical Global Impression-Improvement in overall condition, compared to placebo. A significantly greater percentage of patients with NT1 receiving FT218 were rated as much or very much improved on the CGI-I compared to placebo. A greater percentage of NT2 patients receiving FT218 were rated as much/very much improved at all three doses vs. placebo. Efficacy of FT218, a Once-Nightly Sodium Oxybate Formulation, by Stimulant Use: A Post Hoc Analysis from the REST-ON Study. FT218 demonstrated statistically significant improvement in EDS at all evaluated doses in narcolepsy patients with or without stimulant use, with improvement over placebo on MWT and CGI-I. More patients receiving FT218 were rated much/very much improved on CGI-I compared to placebo. Weight Loss with FT218, a Once-Nightly Sodium Oxybate Formulation for the Treatment of Narcolepsy: Post Hoc Analysis from REST-ON. Patients receiving FT218 experienced a significantly greater decrease in weight and body mass index from baseline to study end compared to placebo. Overall, 17.8% of patients receiving FT218 compared to 3.8% of patients receiving placebo experienced more than 5% weight loss.
|
ZM POLY | Hot Stocks09:11 EDT Zoom Video announces launch of Zoom Phone Appliances for hybrid workforce - Zoom Video Communications (ZM) announced the launch of Zoom Phone Appliances, which it calls "a new category of hardware optimized for the hybrid workforce, from home offices to shared huddle spaces, addressing use cases across industries." Zoom Phone Appliances combine Zoom technology with hardware from Poly (POLY) and Yealink to "provide video and audio capabilities and touch display, in an all-in-one desk phone solution for HD video meetings, phone calls, and interactive whiteboarding," Zoom stated. Zoom Phone Appliances are available through the Zoom Hardware-as-a-Service program as well as from authorized Poly and Yealink resellers, the company stated. Reference Link
|
CTEK | Hot Stocks09:11 EDT CynergisTek unit Redspin 1st group to pass DoD CMMC Level 3 certification - Redspin, a division of CynergisTek is the first organization to successfully pass the Cybersecurity Maturity Model Certification Level 3 certification as a Candidate CMMC Third Party Assessor Organization Specifically, Defense Contract Management Agency Defense Industrial Base Cybersecurity Assessment Center (DIBCAC) determined Redspin's security practices and processes met the requirements of CMMC Level 3 and, subsequently, the CMMC Accreditation Body has credentialed Redspin, as an Authorized C3PAO ready to conduct CMMC assessments. The United States Department of Defense is aiming to reduce the estimated $600B in cybercrime losses impacting the nation's military supply chain every year by requiring a third-party cyber security assessment of contractors with access to federal contract information and controlled unclassified information . With this authorization, Redspin can now work contractually with Organizations Seeking Certification to conduct assessments based on CMMC Levels 1-3. In the CMMC model, Defense Industrial Base ( contractors cannot negotiate on security - it becomes a mandatory requirement to secure or renew a DoD contract.
|
RCAT | Hot Stocks09:09 EDT Red Cat reorganizing drone business into Enterprise and Consumer segments - Red Cat is establishing Enterprise and Consumer segments in order to focus on opportunities in the drone industry. This development represents the first action taken by the company's newly appointed COO, Allan Evans. The Enterprise Segment will focus on developing a software driven, hardware enabled platform of services and solutions to commercial enterprises. The company's Skypersonic and Dronebox subsidiaries will operate in this segment. The Consumer Segment will focus on selling drones and related parts to enthusiasts and hobbyists. The company's Fat Shark and Rotor Riot subsidiaries will operate in this segment.
|
TGEN | Hot Stocks09:08 EDT Tecogen announces two manufacturers' representative agreements - Tecogen announces manufacturers' representative agreements with two refrigeration equipment sales companies to support sales of Tecofrost refrigeration systems in parts of the western United States and Canada. I-REFCO, located outside of Seattle, WA, will have exclusive sales rights for Tecofrost in Washington, Oregon, Idaho, Montana, Wyoming, Utah, and Alaska, as well as in the Canadian provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Yukon, Nunavut, and Northwest Territories. Tecogen also established Refrigeration Equipment Specialist as the Tecofrost manufacturers' representative in California, Nevada, Arizona, and Hawaii.
|
BAH | Hot Stocks09:07 EDT Booz Allen gets$190M IT engineering services support contract from NIWC Pacific - The Enterprise Communications and Networks ECN, Division of Naval Information Warfare Center Pacific NIWC Pacific, awarded Booz Allen Hamilton a contract with a potential value of $189.9M over five years, to provide a complete range of engineering, technical, cyber, and programmatic services. The work will support networking, communications, and computer systems around the world in service to the Navy's Program Executive Office Digital and the Naval Enterprise Networks Program Office, Program Management Warfare 205. The ECN Division plays a central role in the engineering and deployment of services and capabilities for Navy Enterprise Networks. This includes both the Navy Marine Corps Intranet ( and Base-Level Information Infrastructure/Outside Continental United States Navy Enterprise Network (BLII/ONE-Net). Together, these networks drive the execution of the Navy's vision for Information Warfare Dominance and Information Superiority through Modernization, Innovation, and Defense.
|
BAH | Hot Stocks09:07 EDT Booz Allen gets$190M IT engineering services support contract from NIWC Pacific - The Enterprise Communications and Networks ECN, Division of Naval Information Warfare Center Pacific NIWC Pacific, awarded Booz Allen Hamilton a contract with a potential value of $189.9M over five years, to provide a complete range of engineering, technical, cyber, and programmatic services. The work will support networking, communications, and computer systems around the world in service to the Navy's Program Executive Office Digital and the Naval Enterprise Networks Program Office, Program Management Warfare 205. The ECN Division plays a central role in the engineering and deployment of services and capabilities for Navy Enterprise Networks. This includes both the Navy Marine Corps Intranet ( and Base-Level Information Infrastructure/Outside Continental United States Navy Enterprise Network (BLII/ONE-Net). Together, these networks drive the execution of the Navy's vision for Information Warfare Dominance and Information Superiority through Modernization, Innovation, and Defense.
|
RADI | Hot Stocks09:06 EDT Radius Global Infrastructure to join Russell 3000 Index - Radius Global Infrastructure announced that it has been included on the preliminary list of additions to the Russell 3000 Index, which will become effective after the U.S. market closes on June 25.
|
ATOS | Hot Stocks09:06 EDT Atossa Therapeutics announce final data from phase 2 Endoxifen study - Atossa Therapeutics announced the following final data from its Phase 2 clinical study of oral Endoxifen administered in the "window of opportunity" between diagnosis of breast cancer and surgery. Primary Endpoint Met: Reduction in Ki-67 was achieved. Ki-67, a common measure of tumor cell activity, was reduced from an average of 25.6% at screening to 6% on the day of surgery, a 65.1% reduction. Ki-67 was reduced below 25% for all patients, which is potentially clinically meaningful because studies by others have shown that a reduction below 25% improves long term survival. Secondary Endpoints Were as Follows: Safety and tolerability: All adverse events were mild and considered related to the study drug. There were no abnormal laboratory findings and no differences in vital signs, physical examinations and ECGs. Based on these results, Endoxifen was considered safe and well tolerated in this study. No adverse events led to discontinuation of the study. Other Results: Estrogen receptor expression decreased from 100% at screening to 88.6% on the day of surgery and progesterone receptor expression increased from 84.3% at screening to 92.9% on the day of surgery. No correlation between Ki-67 expression and Endoxifen levels was observed.
|
HUM | Hot Stocks09:04 EDT Humana names Carolyn Tandy Chief Inclusion and Diversity Officer - Health and well-being company Humana has named Carolyn Tandy to the position of Senior Vice President and Chief Inclusion and Diversity Officer. Tandy will be responsible for elevating and enhancing Humana's inclusion and diversity efforts, through commitments and actions to remain an employer of choice among top diverse talent, as well as through initiatives to infuse cultural competency across the company and foster greater equity in the communities it serves. She will assume the role effective July 6, 2021.
|
SINT | Hot Stocks09:02 EDT Sintx Technologies to join Russell Microcap Index - SINTX Technologies announced today it has joined the Russell Microcap Index. SINTX became a member of the Russell Investments family of U.S. indexes upon its official reconstitution, made effective on June 4.
|
MGM | Hot Stocks09:02 EDT BetMGM named authorized gaming operator of The Professional Fighters League - The Professional Fighters League announced a partnership that designates BetMGM as a "US Authorized Gaming Operator of the PFL". Fans across the country will be able to wager on fight lines on BetMGM beginning with PFL 4 airing on Thursday, June 10th in primetime on ESPN networks and streaming platforms. As part of the partnership, BetMGM will also have rights to PFL logos and marks as well as VIP events and will be offering BetMGM users unique PFL related promotions.
|
EBET | Hot Stocks09:01 EDT Esports Technologies launches enhanced wagering platform in Brazil - Esports Technologies announced the launch of its international consumer platform, Gogawi, in Brazil. Gogawi.com, which recently also launched in Japan and Thailand, is an immersive betting destination offering wagering on esports tournaments and matches. Brazil represents Gogawi's first introduction to the Latin American market. Brazil is Latin America's leading gaming market and is expected to continue growing rapidly with total gaming revenue predicted to reach $1.17B by 2023. Esports Technologies relaunched Gogawi in March.
|
CLNE | Hot Stocks09:01 EDT Clean Energy Fuels strength attributed to WallStreetBets attention - Shares of Clean Energy Fuels (CLNE) are up $2.76, or 28%, to $12.66 in pre-market trading, which is being attributed to increase attention and focus from retail investors on Reddit's WallStreetBets forum and other places where "meme stocks" are being discussed. Jim Cramer of CNBC tweeted earlier: "Today's meme stock is Clean Energy Fuels. Be careful, while i have always liked the company b/c i favor nat gas for short and long haul, the company's had no real revenue growth and almost no profitability in a decade. There will be sellers." Reference Link
|
FSRV | Hot Stocks08:58 EDT Katapult completes business combination with FinServ Acquisition - Katapult Holdings and FinServ Acquisition announced that they have completed their previously announced merger. The business combination was approved at a special meeting of stockholders of FinServ on June 7, 2021, and closed today, June 9, 2021. The combined company now operates as Katapult Holdings and Katapult's common shares and warrants will begin trading on the Nasdaq Stock Market under the ticker symbols "KPLT" and "KPLTW", respectively, starting tomorrow, June 10, 2021. Orlando Zayas, CEO of Katapult, stated, "Taking our company public is a testament to the hard work and dedication of the entire Katapult team. We would like to thank the FinServ team for their belief in our success, and we look forward to their continued partnership as stockholders and members of our Board. We are thrilled to embark on this next stage in our company's history and excited to see the opportunities ahead of us for strong growth and long-term value creation."
|
AMZN | Hot Stocks08:56 EDT PlantFuel signs an agreement to partner with Amazon's Launchpad program - PlantFuel Life announces that its PlantFuel brand has signed an agreement with Amazon's Launchpad, Amazon's program to empower innovative new brands, to launch its revolutionary new line of plant-based supplements and nutritional products.
|
STAY BX | Hot Stocks08:52 EDT Extended Stay America urges sharholders to vote for proposed sale - Extended Stay America and its paired-share REIT, ESH Hospitality published a letter strongly urging its shareholders to vote "FOR" the transaction with funds managed by Blackstone Real Estate Partners(BX) and Starwood Capital at the ESA Special Meeting which will be held Friday, June 11, 2021. The letter stated, "Shareholders should seriously consider the meaningful downside risk to the share price - recognized by independent third parties - if the transaction is not approved... Absent a deal, shares of STAY have the potential to trade into the $15-$16 range temporarily, roughly 24% lower than the proposed offer, in our view... And the risk of value destruction under an independent approach governed by Tarsadia is high... The $20.50 per paired share offer delivers a meaningful premium to shareholders across multiple time horizons and values our paired shares at a 59% premium to their pre-pandemic value."
|
OMER | Hot Stocks08:52 EDT Omeros announces preliminary results of OMS906 trial - Omeros announced preliminary results from the Phase 1 clinical trial of its MASP-3 inhibitor OMS906. The ongoing trial is designed as a randomized, double-blind, placebo-controlled study to assess the safety, tolerability, pharmacokinetics, or PK, and pharmacodynamics, or PD, of intravenous, or IV, and subcutaneous, or SC, administration of OMS906 to healthy adult volunteers. OMS906 has been well tolerated at all doses tested. Preliminary human PK and PD data are consistent with once-monthly SC dosing. MASP-3, the key activator of the alternative pathway of complement, converts pro-complement factor D, or pro-CFD, to mature CFD. Inhibition of MASP-3 by OMS906 in nonhuman primates reduces systemic levels of mature CFD to below the threshold of detection, correspondingly blocking the alternative pathway of complement. The OMS906 Phase 1 clinical trial design consists of both single- and multiple-ascending dose cohorts. Pharmacodynamic response to OMS906 in the Phase 1 trial is being assessed by quantitation of mature CFD in plasma. In the single-ascending dose stage, 48 subjects have been evaluated to date across a series of IV and SC doses. OMS906, administered up to 5 mg/kg, has been well tolerated at all IV and SC doses tested with no apparent safety signals. Single 3 mg/kg IV dose of OMS906 suppresses mature CFD below minimum detectable levels for four weeks. Single lowest SC dose of OMS906 suppresses mature CFD at or below minimum detectable levels for four weeks. Dose-dependent PK/PD profile across all cohorts is favorable and supports low-dose, once-monthly or less frequent subcutaneous dosing. The study is ongoing with additional single- and multiple-dose cohorts to determine the pharmacologic dose range and optimal frequency for subcutaneous administration.
|
BIOC | Hot Stocks08:49 EDT Biocept, and CLEARED4 team to manage testing reporting for Biocept customers - Biocept and CLEARED4 have partnered to develop a system for tracking and managing COVID-19 testing requirements and test results for Biocept customers. The new service will leverage CLEARED4's comprehensive health platform, allowing organizations to incorporate customized protocols and requirements for testing students, employees and others. The platform will integrate results from Biocept's RT-PCR-based COVID-19 testing in real-time, and administrators will be able to monitor the program and results for their organizations via a secure dashboard.
|
OPEN | Hot Stocks08:47 EDT Opendoor Technologies announces redemption of all outstanding warrants - Opendoor Technologies announced that the company will redeem all of its outstanding warrants to purchase shares of the company's common stock, par value 0.01c per share, that were issued under the Warrant Agreement, dated April 27, 2020, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, as amended by the First Amendment to the Warrant Agreement, dated March 22, 2021, by and among the Company, CST and American Stock Transfer & Trust Company, as warrant agent , as part of the units sold in the Company's initial public offering and that remain outstanding at 5:00 p.m. New York City time on July 9, 2021 for a redemption price of 10c per Public Warrant. In addition, the company will redeem all of its outstanding warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with the IPO on the same terms as the outstanding Public Warrants.
|
FIS | Hot Stocks08:45 EDT FIS announces Mark Hawkins has joined the company's Board - FIS announced that Mark J. Hawkins has joined the company's Board of Directors. Mr. Hawkins is currently the President and Chief Financial Officer Emeritus at Salesforce.com, a leading provider of enterprise cloud computing solutions, a position he has held since February 2021. He previously held the positions of President and Chief Financial Officer at Salesforce.com. Prior to Salesforce.com, Mr. Hawkins served as Executive Vice President and Chief Financial Officer at Autodesk, Inc., a provider of three-dimensional design, engineering and entertainment software; Chief Financial Officer and Senior Vice President, Finance & IT, at Logitech International SA, a provider of personal computer and tablet accessories; and held various finance and management roles at global technology companies Dell Inc. and Hewlett-Packard Company.
|
GLOG BLK | Hot Stocks08:45 EDT GasLog announces closing of take private transaction with BlackRock - GasLog (GLOG) announced that it has completed the previously announced transaction with BlackRock's (BLK) Global Energy & Power Infrastructure team. The closing of the transaction earlier today follows a special general meeting of GasLog's shareholders held virtually on June 4, 2021, where the transaction and the related agreements received the requisite approval of GasLog shareholders required by the Agreement and Plan of Merger, dated as of February 21, 2021, by and among the company, GEPIF III Crown Bidco L.P., a Cayman Islands exempted limited partnership, and GEPIF III Crown MergerCo Limited, a Bermuda exempted company and a wholly owned subsidiary of Parent. Pursuant to the terms of the Merger Agreement and the Statutory Merger Agreement, dated as of June 9, 2021, by and between the Company and Merger Sub, Merger Sub merged with and into the Company, with the Company continuing as the surviving company in the Merger. Trading in the company's common shares on the New York Stock Exchange will be suspended with immediate effect and the delisting of the common shares from the NYSE is expected to be effective in approximately 10 days.
|
ARNA | Hot Stocks08:45 EDT Arena Pharmaceuticals receives orphan drug designation for etrasimod from FDA - Arena Pharmaceuticals announced that the FDA has granted orphan drug designation status to etrasimod, a selective, once-daily, oral sphingosine 1-phosphate, or S1P, receptor modulator, for the treatment of eosinophilic esophagitis, or EoE. Etrasimod is being investigated in the Phase 2b VOYAGE trial, a randomized, double-blind, placebo-controlled trial, with a primary efficacy measurement at week 16 and a secondary efficacy analysis at week 24, to assess the safety and efficacy of 1 mg and 2 mg etrasimod in approximately 100 participants with EoE.
|
HES | Hot Stocks08:42 EDT Hess Corp. announces discovery at Longtail-3, offshore Guyana - Hess announced a discovery offshore Guyana at the Longtail-3 well on the Stabroek Block. Drilling at Longtail-3 encountered 230 feet of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals. The well is located approximately two miles south of the Longtail-1 well. It was drilled in more than 6,100 feet of water by the Stena DrillMAX. The Longtail-1 discovery on the Stabroek Block was drilled in 2018, encountering approximately 256 feet of high-quality, oil-bearing sandstone reservoir. In other drilling activity, the Mako-2 appraisal well on the Stabroek Block confirmed the quality, thickness and areal extent of the reservoir. When integrated with the previously announced discovery at Uaru-2, the data supports a potential fifth floating production storage and offloading vessel in the area east of the Liza complex. The Koebi-1 exploration well on the Stabroek Block has shown evidence of non-commercial hydrocarbons. CEO John Hess said: "The Longtail-3 discovery together with the previously announced discovery at Uaru-2 will add to the gross discovered recoverable resource estimate of approximately 9 billion barrels of oil equivalent and underpin future development opportunities for the Stabroek Block."
|
FRSX | Hot Stocks08:40 EDT Foresight expands autonomous Ag equipment market with QuadSight Prototype Sale - Foresight Autonomous Holdings announced the sale of a prototype of its QuadSight four-camera vision system to a leading global manufacturer of agricultural and construction equipment. The manufacturer will evaluate Foresight's stereo capabilities for use in agricultural machinery. This is a first prototype sale to the agricultural equipment market, which is already deploying stereo technology for autonomous driving and automatic operations to increase productivity and efficiencies for higher yields. Foresight's advanced thermal stereoscopic capabilities are designed to bring added value to precision agriculture and automated navigation, covering planting, harvesting and loading crops for shipment, especially in adverse weather and low-visibility conditions where other sensors are challenged.
|
SCYX | Hot Stocks08:40 EDT Scynexis confirms Brexafemme qualifies for 10 years of regulatory exclusivity - SCYNEXIS announced that the Food and Drug Administration granted BREXAFEMME, five years of exclusivity extension under the Generating Antibiotic Incentives Now Act. This exclusivity will be added to any other applicable exclusivity periods, such as the five years of new chemical entity exclusivity, for a combined ten-year period of regulatory exclusivity. BREXAFEMME is also protected by multiple patents, including a composition-of-matter patent covering the ibrexafungerp molecule. With patent term extension, this patent is expected to expire in 2035, providing 14 years of protection from generic competitors in the U.S.
|
MRCQF | Hot Stocks08:39 EDT Mercer Park Brand Acquisition updates status of share redemptions, acquisition - Mercer Park Brand Acquisition, a Special Purpose Acquisition Company, announced that it expects that immediately prior to the closing of the Glass House Group Transaction it will have cash in the aggregate amount of approximately $195M before expenses and transaction fees, which includes the previously announced private placement transactions totaling $135M expected to close concurrently with the Glass House Group Transaction. A total of 11,786,249 additional class A restricted voting shares were deposited for redemption by the June 2, 2021 and not validly withdrawn prior to the June 7, 2021 deadlines.
|
EMN | Hot Stocks08:38 EDT Eastman Chemical to sell tire additives business product lines for $800M - Eastman Chemical announced it has entered into a definitive agreement with an affiliate of One Rock Capital Partners to sell the rubber additives insoluble sulfur and Santoflex and other product lines and related assets and technology of the global tire additives business of its Additives & Functional Products segment. The sale does not include the Eastman Impera and other performance resins product lines of the tire additives business. The total sale price of $800M consists of $725M cash at closing and an additional amount of up to $75M to be paid based on performance of the rubber additives business post-closing through 2023. The final purchase price is subject to working capital and other adjustments at closing. The company expects the sale will be either neutral or accretive to adjusted earnings per share in 2022. The sale, subject to regulatory approvals and satisfaction of other customary closing conditions, is expected to be completed in the second half of 2021. The agreement contains customary representations, warranties, and covenants of both parties including, among other things, for Eastman to conduct the rubber additives business in the ordinary course consistent with past practice. Beginning in Q2 and until sale, the assets of the rubber additives business will be reported as held for sale. The company expects to recognize asset impairments or a loss from the agreement and completion of the sale.
|
SCSC | Hot Stocks08:37 EDT Scansource appoints Rachel Hayden as Chief Information Officer - ScanSource announced the appointment of Rachel Hayden as Senior Executive Vice President and Chief Information Officer effective June 7, 2021. In this role, Hayden will lead the planning, implementation and execution of the company's global IT strategy. She will report directly to ScanSource Chairman and CEO, Mike Baur. Hayden brings impressive expertise to ScanSource, including leading complex, enterprise-wide programs. Hayden joins ScanSource from Just Born, Inc., where she served as the company's Chief Information Officer with direct responsibility for corporate and IT strategic planning, operations, and security. She previously spent five years with Berry Plastics in multiple roles, including Senior Director of IT, Global
|
MANH | Hot Stocks08:36 EDT Manhattan Associates chosen by Hot Topic to upgrade its WMS system - Manhattan Associates announced that Hot Topic has chosen to upgrade its warehouse management system, or WMS, with the implementation of Manhattan Active Warehouse Management. "WMS will provide advanced capabilities like order streaming, warehouse execution system functionality and more robust picking and packing capabilities. These additional functionalities are expected to help the company streamline its fulfillment processes to support its rapidly growing omni-channel business," the company said.
|
IAA | Hot Stocks08:36 EDT IAA, Dealertrack expand pact for electronic registration and title to Ohio - IAA announces an enhanced strategic agreement with Dealertrack to provide electronic registration and titling services in Ohio through facilitating the digital transfer of total loss titles. The agreement is announced as the global COVID-19 health crisis continues the acceleration of digitization efforts across the automotive industry, which faces yet another challenging year ahead due to the ongoing impacts of inventory shortages. These digital capabilities will be essential for dealerships to meet consumer expectations of completing more of the shopping experience online, as more than three quarters of today's shoppers are open to the idea of buying a vehicle completely online.1 The enhanced capabilities offered by IAA and Dealertrack will connect consumers, dealerships, and insurers in Ohio for a more efficient, more profitable electronic total loss title processing experience.
|
EMN | Hot Stocks08:35 EDT One Rock Capital Partners to acquire Eastman Chemical's tire additives business - One Rock Capital Partners announced that one of its affiliates has entered into an agreement to acquire the tire additives business of Eastman Chemical. Completion of the transaction, which is expected in the second half of 2021, is subject to regulatory approvals and customary closing conditions. Terms were not disclosed.
|
VCTR NDAQ | Hot Stocks08:33 EDT Victory Capital announces intentions to enter cryptocurrency market - Victory Capital (VCTR) announced that its wholly owned investment adviser, Victory Capital Management, has established exclusive agreements with both Nasdaq (NDAQ) and crypto-focused asset manager Hashdex in advance of plans to enter the cryptocurrency market. Victory Capital will be the exclusive sponsor of private placement funds and other vehicles for U.S. investors, based on the Nasdaq Crypto Index, or NCI, a multi-coin crypto index co-developed by Nasdaq and Hashdex. Victory Capital plans to launch a private fund for accredited investors that will track the NCI. Additionally, Victory Capital will be offering private funds that track the Nasdaq Bitcoin Reference Price Index as well as the Nasdaq Ethereum Price Index. Hashdex will provide its trading and asset management expertise to each of these products.
|
BHTG | Hot Stocks08:33 EDT BioHiTech Global signs project management agreement with Lone Cypress Energy - BioHiTech Global has entered into a project management services agreement with Lone Cypress Energy Services to evaluate and develop new High-Efficiency Biological Treatment projects. The two companies will also explore additional uses of Solid Recovered Fuel and other potential fuels that could be developed. Lone Cypress will take a lead role in environmental permitting and regulatory compliance services related to the development of additional patented HEBioT facilities and in the renewable energy business sector. BioHiTech and Lone Cypress are also in discussions with several general construction and engineering management services firms to guide construction and provide cost management oversight in executing future opportunities. BioHiTech launched its first HEBioT resource recovery facility in Martinsburg, West Virginia in 2019.
|
XSPA | Hot Stocks08:32 EDT XpresSpa set to join Russell Microcap Index - XpresSpa announced that the company is set to join the Russell Microcap Index at the conclusion of the 2021 Russell indexes annual reconstitution according to a preliminary list of additions posted on June 4. Joining the index would become effective after the US market opens on June 28.
|
XOM | Hot Stocks08:31 EDT Exxon Mobil announces new discovery at Longtail-3 offshore Guyana - ExxonMobil said it made a discovery at Longtail-3 in the Stabroek Block offshore Guyana. Drilling at Longtail-3 encountered 230 fee of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals. The well is located approximately two miles south of the Longtail-1 well. It was drilled in more than 6,100 feet of water by the Stena DrillMAX. "Longtail-3, combined with our recent discovery at Uaru-2, has the potential to increase our resource estimate within the Stabroek block, demonstrating further growth of this world-class resource and our high-potential development opportunities offshore Guyana," said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. "We will continue to leverage our core competitive advantages in our ongoing exploration campaign, delivering substantial value to the Guyanese people, our partners and shareholders." The Longtail-1 discovery in the Stabroek Block was drilled in 2018, encountering approximately 256 feet of high-quality, oil-bearing sandstone reservoir. ExxonMobil has deployed two additional drillships in the first quarter of 2021; the Stena DrillMAX and the Noble Sam Croft to enable further exploration and evaluation, while continuing development drilling activities offshore Guyana. As the company advances its 15-well campaign in the Stabroek block, DrillMAX will move to Whiptail-1, while the Noble Sam Croft supports development drilling for Liza Phase 2.
|
KDNY | Hot Stocks08:31 EDT Chinook Therapeutics promotes Frohlich to COO, King to CSO - Chinook Therapeutics announced that Tom Frohlich, chief business officer, has been promoted to chief operating officer, or COO, of Chinook and Andrew King, D.V.M, Ph.D., head of renal discovery and translational medicine, has been promoted to chief scientific officer, or CSO, of Chinook. In his role as COO, Tom will oversee Chinook's business development, CMC, quality, new product planning, program management and program team leadership functions. Tom co-founded and joined Chinook in January 2019 as chief business officer. In his role as CSO, Andrew will oversee the discovery research, non-clinical development and translational medicine teams. Andrew joined Chinook in May 2019 as head of renal discovery and translational medicine.
|
AKYA | Hot Stocks08:29 EDT Akoya Biosciences set to join Russell 3000 Index - Akoya Biosciences is set to join the broad-market Russell 3000 Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, 2021, according to a preliminary list of additions posted by FTSE Russell on June 4, 2021.
|
ICPT CMRX | Hot Stocks08:28 EDT Intercept appoints Berrey as President of Research & Development, CMO - Intercept Pharmaceuticals (ICPT) announced the appointment of M. Michelle Berrey, M.D., M.P.H., as President of Research & Development and Chief Medical Officer, or CMO. Dr. Berrey was most recently President and Chief Executive Officer at Chimerix (CMRX).
|
NURO | Hot Stocks08:21 EDT NeuroMetrix announces results from trial of Quell for treating fibromyalgia - NeuroMetrix reported that top-line results from a randomized controlled trial of Quell in patients with fibromyalgia will be presented at two upcoming pain medicine conferences. A poster titled "Outcome of TENS for Fibromyalgia: Randomized Sham-Controlled Trial" will be presented at the International Association for the Study of Pain 2021 Virtual World Congress on Pain. Key reported results include: In the intention-to-treat, or ITT, population, the treatment difference in the Patient Global Impression of Change, or PGIC, the primary endpoint, was not significant. However, in a pre-specified subgroup analysis of subjects with elevated baseline pain sensitivity, the active treatment group exhibited a significant and clinically meaningful improvement compared to sham. Several secondary endpoints were positive in the ITT population. The reduction in the mean FIQR Total Score was significantly greater for active treatment compared to sham. The Brief Pain Inventory interference subscale and the painDETECT questionnaire also exhibited significant improvements compared to sham. There were few TENS related adverse events, and all were minor and self-limited. An oral presentation titled "Baseline Pain Sensitivity Predicts Responder Rates of Wearable TENS Use in Fibromyalgia: Analysis of a Double-Blinded Randomized Sham-Controlled Trial" will be given at the 3rd International Virtual Congress on Controversies in Fibromyalgia. Key reported results include: In the ITT population, the FIQR responder rate was 56% for the active device compared to 35% for sham. In subjects with elevated baseline pain sensitivity, the PGIC responder rate was 58% versus 30%. The pain responder rate was 58% versus 18%.
|
WATT | Hot Stocks08:20 EDT Energous, Atmosic achieve interoperability for RF energy harvesting technology - Energous and Atmosic Technologies announced they have achieved the industry's first interoperability for radio frequency, or RF, energy harvesting technology. The interoperability combines Energous' WattUp RF-based wireless charging technology and Atmosic's M3 Series chipset - the company's energy harvesting technology that captures RF power - which together open up the market for wireless charging up to two meters away for connected solutions.
|
PLNT | Hot Stocks08:17 EDT Planet Fitness appoints Sherrill Kaplan as Chief Digital Officer - Planet Fitness has appointed Sherrill Kaplan as Chief Digital Officer. Kaplan most recently served as Global Marketing Operations Advisor for Advent International. Previously, she served as Head of Marketing and Sales for Zipcar. Prior to that, she served as the Vice President of Digital Marketing & Innovation at Dunkin' Brands.
|
SPI | Hot Stocks08:16 EDT SPI Energy subsidiary starts production on third-generation drivetrain products - Phoenix Motorcars, a group company of SPI Energy, started series production of its first third-generation drivetrain products. The first three units were completed out of the Ontario facility recently, ready for delivery to customers. The third-generation has the largest battery pack and longest range currently available in class 4 vehicles, lending itself to an extended range of body types. This includes shuttle buses, service trucks, utility trucks, flatbed trucks, cargo trucks and delivery options. The new liquid-cooled battery pack is modular, coming in 63, 94, 125 and 156kWh configurations, offering customers flexibility in terms of range, seating and payload capacity, and price.
|
KVSA | Hot Stocks08:12 EDT Valo Health, Khosla Ventures Acquisition to combine in $2.8B transaction - Valo Health and Khosla Ventures Acquisition Co. announced that they have entered into a definitive merger agreement. The transaction values the combined company at a pro forma market value of approximately $2.8B. The combined company is anticipated to have a pro forma cash balance of approximately $750M before deducting anticipated transaction expenses, including existing Valo cash of approximately $250M as of the date hereof, approximately $333M of net cash held in KVAC's trust, after deducting deferred underwriting commissions and assuming no redemptions, and a $168.5M private investment in public equity priced at $10.00 per share. Institutional and strategic investors or their affiliates and existing Valo shareholders that have committed to participate in the PIPE include a leading integrated healthcare delivery network, Khosla Ventures, NG MGG Strategic, Caz Investments, and returning investors Koch Disruptive Technologies, Flagship Pioneering, Public Sector Pension Investment Board, Invus, State of Michigan Retirement Systems, HBM Healthcare Investments and Longevity Vision Fund. Net proceeds from this transaction after transaction expenses will be used to advance Valo's preclinical and clinical assets, develop its software platform, support new and existing growth initiatives and working capital, and other general purposes. The sponsor of KVAC has agreed to a 12-month lock-up following the acquisition, with early release based on the achievement of performance targets, as further discussed in the KVAC prospectus. The sponsor has also agreed to subject half of its sponsor promote to a tiered structure that rewards success at performance vesting thresholds, significantly above the current stock price further detailed in the prospectus. In addition, the KVAC sponsor is supporting the SPAC with a $25M forward purchase agreement backstop and KVAC has no warrants. The closing of this transaction is anticipated to occur in the third quarter and is subject to the approval of KVAC's stockholders and the satisfaction or waiver of certain other customary closing conditions. Samir Kaul, Founding Partner and Managing Director at Khosla Ventures, is expected to join Valo's Board of Directors following the completion of the business combination.
|
KVSA | Hot Stocks08:09 EDT Valo Health, Khosla Ventures Acquisition to combine in $2.8B transaction
|
COMM | Hot Stocks08:09 EDT CommScope wins lawsuit against Rosenberger for misappropriation of trade secrets - CommScope announced a win in a lawsuit against Rosenberger for misappropriation of base station antenna, or BSA, trade secrets and other illegal conduct. The New Jersey Federal District Court ordered Rosenberger to stop using CommScope's trade secret BSA software, and Rosenberger has since withdrawn from the market BSAs that CommScope claims Rosenberger designed using CommScope's misappropriated software. The order prohibits Rosenberger and its agents and subsidiaries from using CommScope's trade secret BSA software in any way, anywhere in the world. Both this order and the worldwide suspension on Rosenberger's sale of tainted BSAs will remain in effect at least until the case is resolved. The company said, "This victory for CommScope marks an important step in the protection of its BSA-related trade secrets, which extend beyond the misappropriated software. CommScope is pursuing a permanent injunction against Rosenberger, covering its claims that Rosenberger also stole CommScope's BSA hardware and business trade secrets, in addition to the stolen software. In light of the significant preliminary relief CommScope has already obtained, the Court recently determined that broader injunctive relief would be decided after the trial."
|
PLSE | Hot Stocks08:08 EDT Pulse Biosciences announces Health Canada approval for CellFX System - Pulse Biosciences announced the CellFX System has been approved by Health Canada for a Medical Device License for use in dermatological procedures requiring ablation and resurfacing of the skin for the reduction, removal, and/or clearance of cellular-based benign lesions. Pulse Biosciences will now expand its controlled commercial launch of the CellFX System to select medical practices in Canada for the treatment of general dermatologic conditions, including sebaceous hyperplasia, seborrheic keratosis and cutaneous non-genital warts.Dermatologist Sheetal Sapra, MD of Toronto, Canada, is expected to begin participation in the CellFX System Controlled Launch program this month. "I am thrilled to be the first dermatologist in Canada to provide the clinical advantages of the CellFX System using NPS technology. I'm constantly seeking innovative ways to help my patients and I see an unmet need that the CellFX procedure can address in clearing challenging skin lesions like sebaceous hyperplasia, common warts and seborrheic keratosis," said Dr. Sapra, co-founder and director of the Institute of Cosmetic and Laser Surgery and Centre for Clinical Trials. "Health Canada approval marks an important corporate milestone in our regulatory strategy and enables the planned expansion of our CellFX System Controlled Launch program in Canada this quarter. This third regulatory approval, following FDA clearance and CE mark approval earlier this year, further validates our NPS technology and we are excited to bring our novel CellFX procedure to patients in Canada," said Darrin Uecker, President and Chief Executive Officer of Pulse Biosciences. "We look forward to initiating our controlled launch program with leading aesthetic dermatologists in Canada, expanding to an estimated 80 practices participating across the US, EU and Canada."
|
CPB | Hot Stocks08:07 EDT Campbell Soup sees Q4 organic sales down vs. last year - Sees sequential improvement from Q3.
|
OEG | Hot Stocks08:07 EDT Orbital Energy subsidiary awarded $64M project by Fortune 100 energy company - Orbital Energy's wholly-owned subsidiary, Orbital Solar Services, has been awarded an Engineering, Procurement, and Construction contract to construct a 137 MW solar farm in Arkansas by a North American, Fortune 100 energy company. The project has an expected total value of over $64.0M. The Contract calls for OSS to design, engineer, and produce a utility-scale solar array to be delivered in early 2022. Under the Contract terms, OSS will provide full utility-scale EPC services, including substation construction.
|
CPB | Hot Stocks08:07 EDT Campbell Soup sees additional $20M in savings in Q4 - Additional $20M expected in Q4 to deliver aggregate $75M in FY21 with the majority from Snyder's-Lance integration, Campbell Soup said on its earnings call.
|
ASMB | Hot Stocks08:06 EDT Assembly Biosciences to present data from HBV core inhibitor programs - Assembly Biosciences announced that three abstracts have been accepted for presentation during the International Liver Congress 2021, the Annual Meeting of the European Association for the Study of the Liver. During the meeting, data from Assembly Bio's three core inhibitor programs, vebicorvir, ABI-H2158, and ABI-H3733, will be featured in an oral presentation and two poster presentations. Oral Presentation OS-2299: Second generation hepatitis B virus core inhibitors ABI-H2158 and ABI-H3733 have enhanced potency and target coverage for both antiviral inhibition and covalently closed circular DNA establishment activities. Summary: VBR, 2158, and 3733 achieve plasma concentrations significantly above EC50 and protein-adjusted EC50 for antiviral activity. The next-generation compounds 2158 and 3733 show enhanced potency and exposures that cover cccDNA prevention at significant multiples above protein-adjusted EC50 at Cmin. Poster PO-1286: No emergent core inhibitor resistance in patients with chronic hepatitis B virus infection treated with vebicorvir in combination with a nucleos(t)ide reverse transcriptase inhibitor. Summary: Sequence analyses were conducted for virologically-suppressed patients with chronic HBV enrolled in the Phase 2 Study 201 and open-label extension Study 211 of VBR in combination with a nucleos(t)ide reverse transcriptase inhibitor who discontinued treatment. Overall, most patients did not have detectable core inhibitor substitutions; for patients harboring a core inhibitor substitution, no enrichment compared to baseline was observed after treatment was removed. Poster PO-482: Viral response and safety following discontinuation of treatment with the core inhibitor vebicorvir and a nucleoside reverse transcriptase inhibitor in patients with HBeAg positive or negative chronic hepatitis B virus infection. Summary: In the Phase 2 Study 201 and open-label extension Study 211, VBR+NrtI resulted in deep on-treatment virologic suppression. Stopping criteria were applied and eligible patients discontinued both VBR+NrtI. Discontinuation of VBR+NrtI treatment was well-tolerated, but sustained virologic response was not achieved. Further data analyses suggest core-related antigen level may be important in future discontinuation criteria. Other studies with VBR+NrtI in multi-drug combinations will evaluate potential finite treatment regimens.
|
MGI | Hot Stocks08:05 EDT MoneyGram reports record online transactions in May - MoneyGram announced an all-time high in money transfer transactions for May in its direct-to-consumer channel, MoneyGram Online. MGO also delivered all-time highs in cross-border transactions and revenue, growing 53% and 60% growth, respectively.
|
VRTX | Hot Stocks08:05 EDT Vertex gets FDA approval forTRIKAFTA to treat children with mutations of CF - Vertex Pharmaceuticals announced the U.S. Food and Drug Administration approved expanded use of TRIKAFT, elexacaftor/tezacaftor/ivacaftor and ivacaftor, to include children with cystic fibrosis ages 6 through 11 years who have at least one F508del mutation in the cystic fibrosis transmembrane conductance regulator gene or a mutation in the CFTR gene that is responsive to TRIKAFTA based on in vitro data. TRIKAFTA was previously approved by the FDA for use in people with cystic fibrosis 12 years and older with at least one copy of the F508del mutation or one copy of a mutation that is responsive in vitro. An additional dosage strength of TRIKAFTA tablets is now available (elexacaftor 50 mg/tezacaftor 25 mg/ivacaftor 75 mg and ivacaftor 75 mg) in connection with this approval. "Today's approval is a critical milestone in our efforts to deliver medicines that help treat the underlying cause of this devastating disease as early in life as possible," said Reshma Kewalramani, M.D., Chief Executive Officer and President, Vertex. "We can now reach approximately 1,500 newly eligible children in the U.S., and we continue to pursue approval for this expanded indication in other countries." Vertex completed a 24-week Phase 3 open-label, multicenter study which enrolled 66 children ages 6 through 11 years old with cystic fibrosis (CF) who have either two copies of the F508del mutation or one copy of the F508del mutation and one minimal function mutation to evaluate the safety, pharmacokinetics and efficacy of TRIKAFTA. The regimen was generally well tolerated, and safety data were similar with those observed in previous studies of patients ages 12 years and older. The full data from this study were recently published in American Journal of Respiratory and Critical Care Medicine. "Clinical experience with TRIKAFTA in patients 12 and older over the past 20 months has demonstrated this medicine has a meaningful and unprecedented clinical benefit for patients. I look forward to now being able to treat younger patients with this breakthrough medicine, including those who have not presented major signals of disease progression," said Terri Laguna M.D., M.S.C.S., Associate Director of the Cystic Fibrosis Center and Division Head, Pulmonary and Sleep Medicine, Ann & Robert H. Lurie Children's Hospital of Chicago. "In addition to bringing TRIKAFTA to a younger patient population, patients not previously eligible for any CFTR modulator will now be able to access a treatment that targets the underlying cause of their disease." TRIKAFTA(R) is already approved
|
MYSZ | Hot Stocks08:04 EDT Custodian Ventures urges My Size shareholders to 'hold management accountable' - Custodian Ventures, as the largest stockholder of My Size prior to the company's recent dilutive transaction, with an ownership interest of approximately 9.99% of the company's outstanding shares, delivered an open letter encouraging MYSZ stockholders to unite to end the destruction of stockholder value at the company and hold the Board of Directors and management accountable at the 2021 Annual Meeting of Stockholders, the date of which will be announced by the company in the coming weeks. Reference Link
|
CPB | Hot Stocks08:04 EDT Campbell Soup tracking to cumulative savings target of $850M by end of FY22 - Comments taken from Q3 earnings conference call.
|
ECOR | Hot Stocks08:03 EDT electroCore completes sale of $1.4M of NJ NOL tax benefits - electroCore announced that it has completed the sale of $1.4M of its available tax benefits through the New Jersey Economic Development Authority's Technology Business Tax Certificate Transfer program for fiscal years 2019 and 2020. As a result, the company has received approximately $1.4M in non-dilutive cash from the sale of these net operating loss, or NOL, tax benefits.
|
CME | Hot Stocks08:03 EDT CME Group to launch micro treasury yield futures - CME Group will expand its suite of liquid U.S. Treasury futures and options with the introduction of four new Micro Treasury Yield futures contracts on August 16, pending regulatory review. These micro-sized contracts will provide market participants exposure to the yield of on-the-run Treasury securities. Micro 2-Year, Micro 5-Year, Micro 10-Year, and Micro 30-Year Yield futures will be sized at $10 per basis point of yield, and will be cash settled to newly created BrokerTec cash U.S. Treasury benchmarks. Average daily volume in CME Group's U.S. Treasury futures and options grew more than 30% year-over-year during both April and May, in response to increased hedging and trading activity. The contracts will be listed on and subject to the rules of the CBOT.
|
OSK | Hot Stocks08:00 EDT Oshkosh unveils Volterra platform of electric fire and emergency vehicles - Oshkosh that its Fire & Emergency segment unveiled the Volterra platform of electric vehicles with the introduction of two new trucks under the Pierce Manufacturing and Oshkosh Airport Products brands. Oshkosh Corporation is a global innovator that has been developing electric products and equipment since the mid-1990s when the Company's JLG Industries business launched its first electric boom lift. The Volterra platform unveiling continues Oshkosh Corporation's long and successful history of electrification across a broad spectrum of products. "With more than two decades of electrification experience, we will continue to introduce electric vehicles and products that are environmentally responsible and purpose-built to enhance safety, productivity and performance," said John Pfeifer, Oshkosh Corporation President and Chief Executive Officer. "We look forward to serving the municipal and airport fire and emergency markets with the Volterra platform of electric vehicles." The first Pierce Volterra zero-emissions pumper has been placed on duty with the City of Madison Fire Department in Wisconsin, making this the first electric fire truck in service in North America. The Volterra pumper is serving front line duty at Station 8, the City of Madison's busiest fire station, supporting a population of over 250,000. Simultaneously over the next several months, the Striker Volterra performance hybrid Aircraft Rescue and Fire Fighting vehicle will be showcased at airports across the United States, providing firefighters the opportunity to experience first-hand our revolutionary Volterra technology.
|
ADPT JNJ | Hot Stocks07:55 EDT Adaptive Biotechnologies publishes data on COVID-19 vaccine, T-Cell response - Adaptive Biotechnologies (ADPT) announced that immunoSEQ T-MAP COVID was used in the Nature study to measure the T-cell immune response elicited by the Johnson & Johnson (JNJ) COVID-19 vaccine in the context of multiple variants of SARS-CoV-2, including B 1.351 and B.1.1.7. The study provides further evidence that the T-cell response may contribute to protection from COVID-19. Adaptive's Technology was used to quantify T-cell expansion across all regions of the virus, demonstrating that the T-cell response is broad and unaltered by mutations that render vaccine-generated antibodies less effective. In the multinational phase 3 ENSEMBLE trial, participants given Johnson & Johnson's vaccine experienced similar efficacy against the B.1.351 variant. To understand the mechanism of protection, the COV1001 phase 1/2 trial analyzed blood samples from 20 vaccinated individuals to measure antibody immune response and T-cell response against the original SARS-CoV-2 strain WA1/2020 as well as against the B.1.1.7, CAL.20C, P.1., and B.1.351 variants. Post-vaccination, results showed that the levels of neutralizing antibodies were diminished against the variants, but that the T-cell immune response was preserved, suggesting T cells may provide protection against these emerging strains. Results indicate T-cells may be an important correlate of protection and should be considered as an endpoint for vaccine clinical trials.
|
HEPA | Hot Stocks07:51 EDT Hepion Pharmaceuticals set to join Russell Microcap Index - Hepion Pharmaceuticals announces that it is set to join the Russell Microcap 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 June 4.
|
CBWTF | Hot Stocks07:50 EDT Auxly Cannabis announces $15M bought-deal public offering - Auxly Cannabis announces that it has entered into an agreement pursuant to which ATB Capital Markets, as sole bookrunner, and Cantor Fitzgerald Canada, acting as co-lead underwriters of the offering, together with a syndicate of underwriters, will purchase 47,620,000 Units of the company, on a bought-deal basis at a price per Unit of 31.5c for gross proceeds of $15,000,300. A.G.P./Alliance Global Partners is acting as the sole U.S. sub-agent and financial advisor to the Company in connection with the Offering in the United States. Each unit shall be comprised of one common share of the company and one-half of one Common Share purchase warrant of the company. Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of 38c at any time up to 36 months from closing of the Offering. The company has granted the Underwriters an option to increase the size of the offering by up to an aggregate number of Units equal to 15% of the total number of Units issued under the offering, such underwriters' option being exercisable at any time and from time to time up to 30 days following the closing of the offering. The closing of the Offering is expected to occur on or about the week of June 14, or such later or earlier date as the underwriters and the company may agree upon, and is subject to the company receiving all necessary regulatory approvals, including the approval of the necessary securities regulatory authorities.
|
BF.A... | Hot Stocks07:50 EDT Brown-Forman sees FY22 underlying net sales up mid-single digits - "We are optimistic as we look ahead, as we expect the operating environment to continue to improve" noted Jane Morreau, executive VP and CFO. Morreau added, "We remain confident in the collective strength of our markets and should benefit from the re-opening of the on-premise channel and increase in tourism. Additionally, our portfolio remains well positioned to capitalize on the continuing spirits premiumization trend. For fiscal 2022, we anticipate mid-single digit growth in underlying net sales and operating income."
|
BLDP | Hot Stocks07:49 EDT Ballard Power and Gore partner for fuel cell growth - Ballard Power Systems and W. L. Gore announced a multi-year fuel cell supply agreement. Gore produced the first commercially-adopted membrane for passenger vehicles.
|
ANY | Hot Stocks07:47 EDT Sphere 3D, Gryphon Digital Mining to purchase 250,000 carbon offset credits - Gryphon Digital Mining and Sphere 3D, which both recently entered into an Agreement and Plan of Merger, announced that they have entered into an agreement to purchase 250,000 Certified Emission Reductions, with each company purchasing 125,000 credits, subject to closing conditions. "These credits will not only support ESG commitments in achieving net-zero emissions for the parties but will allow Gryphon to become the first carbon-negative crypto miner. This is the next stage in both Gryphon and Sphere 3D's mission to develop operations with sustainability and ESG goals in mind," the company said. The sales are conditional upon the seller receiving UNFCCC verification. The seller is in the process of finalizing the verification of CERs for its renewable energy facility under the United Nations' Convention on Climate Change protocols. This process is anticipated to be completed by the fourth quarter of 2021. It is estimated that with the size of current operations, Gryphon and Sphere 3D would remain carbon negative for at least the next 5 years with this purchase of credits alone.
|
CPB | Hot Stocks07:45 EDT Campbell Soup drops 7% to $45.50 after Q3 results miss, FY21 guidance cut
|
FLGC | Hot Stocks07:41 EDT Flora Growth appoints Warnock as CRO, Leiderman as CFO - Flora Growth announces the appointments of Jason Warnock as Chief Revenue Officer, effective immediately, and Lee Leiderman as Chief Financial Officer, effective June 10. Lee succeeds Deborah Battiston, who is following her intended plan to retire from her role as CFO effective June 10.
|
KMPH | Hot Stocks07:39 EDT KemPharm set to join Russell 3000 Index, Russell 2000 Index - KemPharm announced its expected addition to the broad-market Russell 3000 Index and the Russell 2000 Index in accordance with the 2021 Russell indexes annual reconstitution. KemPharm's anticipated inclusion in the Russell indexes will be effective after the U.S. market opens on Monday, June 28, 2021.
|
VHIBF | Hot Stocks07:39 EDT Vitalhub announces sale to University Hospitals Coventry, Warwick NHS Trust - VitalHub announces the recent sale of subsidiary Intouch with Health's digital health platform to University Hospitals Coventry and Warwickshire NHS Trust and an expansion sale following a successful proof-of-concept installation. "This contract with one of the larger Trusts in the UK provides another example of the market demand for our solutions, and the considerable value they provide to health systems," said Dan Matlow, CEO of VitalHub Corp. "Increasing demands on hospital services are requiring Trusts to overhaul the way that outpatient journeys are managed for both patients and staff. There is a substantial need to increase operational efficiency, in order to increase capacity, and improve care delivery and the patient experience. We are excited to continue to progress our expansion and growth through the steady accretion of these contracts."
|
ADMP | Hot Stocks07:37 EDT Adamis Pharmaceuticals provides update on ZIMHI - Adamis Pharmaceuticals announced that the U.S. Food and Drug Administration has accepted for review the company's resubmitted New Drug Application for ZIMHI, which is its higher naloxone injection product candidate for the treatment of opioid overdose. Adamis received FDA correspondence relating to the company's NDA, stating that the Agency had completed its filing review and had determined that the NDA was sufficiently complete to permit a substantive review. The FDA also provided a target action date under the Prescription Drug User Fee Act of November 12, 2021. "We are pleased with the FDA's decision to accept for review our NDA for ZIMHI. I believe this underscores the need for additional treatment alternatives for narcotic overdose," said Dr. Dennis J. Carlo, President and CEO of Adamis Pharmaceuticals. "We look forward to working collaboratively with the FDA during the review process to support the case for approval of ZIMHI."
|
BTX | Hot Stocks07:36 EDT Brooklyn ImmunoTherapeutics set to join Russell 3000 Index - Brooklyn ImmunoTherapeutics announced Brooklyn's addition to the Russell 3000 Index. This milestone will take place 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.
|
INZY | Hot Stocks07:35 EDT Inozyme announces acceptance of first european CTA for phase 1/2 of INZ-701 - Inozyme Pharma announced the acceptance of its Clinical Trial Application, or CTA, from the National Agency for the Safety of Medicines and Health Products in France to allow initiation of its Phase 1/2 clinical trial of INZ-701, as a potential treatment for ABCC6 Deficiency. Inozyme plans to initiate its Phase 1/2 trial in mid-2021. This CTA was submitted and accepted as part of ANSM's Fast Track procedure designed to reduce processing times for clinical trial authorization requests for innovative medical products. "The acceptance of this CTA marks another important regulatory milestone for Inozyme and a key advancement for INZ-701 as a potential treatment for people living with ABCC6 Deficiency," said Axel Bolte, MSc, MBA, co-founder, president, and CEO of Inozyme Pharma. "We are well-positioned to execute on our planned clinical study and the notable level of interest from the ABCC6 Deficiency community underscores the urgent need for therapeutic options. I want to express my thanks to the team at Inozyme and our external collaborators, all of whom have been instrumental in our continued progress."
|
MOTN CCL | Hot Stocks07:24 EDT Motion Acquisition's merger partner DocGo providing COVID testing for Carnival - Rapid Reliable Testing, a business line of Ambulnz, d/b/a DocGo, a provider of last-mile telehealth and integrated medical mobility services that has entered into an agreement to merge with Motion Acquisition (MOTN), is working with Carnival (CCL) on COVID-19 testing and COVID-19 vaccines for crew members as it prepares for the restart of cruising in the U.S., with plans to also test guests once cruises resume. RRT and Carnival have completed initial phases of a crew member testing process. RRT is facilitating on-site antigen tests for all crew on 18 ships in the company's fleet. RRT has administered over 1.2 million COVID-19 tests in markets across the U.S.
|
CPB | Hot Stocks07:22 EDT Campbell Soup announces up to $250M share repurchase program - Effective immediately, the board of directors authorized a new anti-dilutive share repurchase program of up to $250M to offset the impact of dilution from shares issued under the company's stock compensation programs. The program has no expiration date, but it may be suspended or discontinued at any time. The company's March 2017 strategic share repurchase program remains suspended.
|
PVCT | Hot Stocks07:21 EDT Provectus announces publication of data from research on oral delivery of PV-10 - Provectus announced that preclinical data from the company's research on oral delivery of investigational cancer immunotherapy PV-10 for the treatment of adult solid tumors were published as an abstract as part at the American Society of Clinical Oncology 2021 Annual Meeting. Highlights from the ASCO 2021 abstract and UCal's associated presentation: Discussion. Testicular and colorectal cancer cell lines had lower IC50 values than normal PBMCs, displaying the wide therapeutic window for PV-10 treatment without affecting normal cells. In the breast cancer cell line panel, only MCF-7 had an IC50 value higher than normal PBMCs compared to MDA-MB-231 and T-47D, illustrating biological variability among cell lines; variability is observed in cancers. MCF-7 lacks the expression of executioner caspase-3, showing relatively more resistance to eventual PV-10-induced cell death. A majority of head and neck cancer cell lines had higher IC50 values than normal PBMCs, showing PV-10's differential biological activity for different types of cancers . PV-10 may be more potent in inducing cell death in certain types of cancers than others. Ongoing research continues to elucidate PV-10's underlying mechanism that lead to its selective and specific activity against different cancers.
|
MNMD | Hot Stocks07:19 EDT MindMed CEO J.R. Rahn to step down, Robert Barrow to assume CEO role - Mind Medicine announces that J.R. Rahn, the company's co-founder and CEO, is stepping down as CEO and a director, and that its chief development officer, Robert Barrow, will assume the position of CEO with immediate effect. The company will also initiate a comprehensive search for a CEO, in which Barrow will be a candidate, and Rahn will advise the company during its leadership transition. The transition of the company's leadership team will enable the company to pursue aggressively its clinical development programs and development of its companion innovative digital technologies. Barrow previously served as director of Drug Development & Discovery at Usona Institute, where he led preclinical, clinical and regulatory development efforts for Usona's psychedelic drug candidates and was responsible for obtaining Breakthrough Therapy Designation for psilocybin in the treatment of Major Depressive Disorder.
|
XEBEF | Hot Stocks07:15 EDT Xebec Adsorption signs 10-year Gas-as-a-Service contract valued at $1.6M - Xebec Adsorption announce that its wholly owned subsidiary HyGear, has signed a 10-year hydrogen recycling Gas-as-a-Service contract with one of the largest glass manufacturers in the world. The pay-per-use contract is valued at approximately $1.6M in total revenues over the 10-year agreement and was signed after successfully validating the quality of gas over several tests at two flat-glass manufacturing facilities in Germany. "It was a great opportunity to partner with an established glass manufacturer to develop this system and demonstrate that our hydrogen recycling technology can contribute to the circular economy. This long-term contract demonstrates their confidence in our ability to create value in monetary terms and reduce the environmental impact, which is key to environmentally responsible companies," said Marinus van Driel, President of Xebec Europe.
|
IMV | Hot Stocks07:11 EDT IMV Inc. appoints Jeremy Graff as Chief Scientific Officer - IMV announced the appointment of Jeremy R. Graff, Ph.D. as Chief Scientific Officer, effective as of June 14, 2021. Dr. Graff brings over 20 years of experience in preclinical and clinical research and translational analysis for novel immune-activating therapeutics in oncology. "We are thrilled to add a seasoned scientist and industry leader like Jeremy to our team to help oversee this critical period of clinical development for maveropepimut-S," said Fred Ors, Chief Executive Officer at IMV. "Dr. Graff's prior expertise working on therapies that activate anti-cancer immunity will be incredibly valuable to IMV and we look forward to his leadership in advancing our scientific strategy." Dr. Graff stated, "IMV has an extremely promising technology platform and is at an exciting period for its lead drug candidate, maveropepimut-S. I am enthusiastic to join the team and help shape the development and registration strategy while exploring new opportunities for its platform."
|
GRMN | Hot Stocks07:10 EDT Garmin introduces new dash cam series - Garmin announced an new voice controlled dash cam series with automatic video storage and live view monitoring options to help drivers capture the moment when incidents occur. The Garmin Dash Cam Mini 2 is a pocket-sized dash cam that automatically saves video of any detected incidents to Garmin's new online Vault.
|
CSTL | Hot Stocks07:08 EDT Castle Biosciences receives New York State Department of Health permit - Castle Biosciences announced that it has received approval from the New York State Department of Health for its DecisionDx-SCC test. DecisionDx-SCC is Castle's gene expression profile, or GEP, test designed to use a patient's tumor biology to predict individual risk of cutaneous squamous cell carcinoma metastasis for patients with one or more risk factors. Being a permitted laboratory in the state of New York allows patients in that state to access the dompany's molecular diagnostic tests, designed to provide actionable molecular information to inform patient care decisions.
|
SIOX | Hot Stocks07:08 EDT Sio Gene Therapies provides information on upcoming milestones - Siox Gene Therapies provided information on upcoming milestones. AXO-AAV-GM1 gene therapy for GM1 gangliosidosis: 12-month topline safety, biomarker, and efficacy data from the low-dose cohort in the second half of 2021; 12-month topline data from the first two patients dosed in the high-dose cohort in Q1 2022; meeting with the U.S. Food and Drug Administration to discuss the registrational pathway for AXO-AAV-GM1 in the first half of 2022. AXO-AAV-GM2 gene therapy for Tay-Sachs and Sandhoff disease: continued patient identification, screening, and enrollment in the ongoing dose-escalation study expected throughout FY2021. AXO-Lenti-PD gene therapy for Parkinson's disease: continued development of a scaled-up suspension-based manufacturing process at Oxford Biomedica to enable production of clinical trial material, with certification of at least one batch of clinical trial material by a Qualified Person expected in Q4 2021, following the successful manufacturing of both drug substance and drug product.
|
FUN | Hot Stocks07:08 EDT Cedar Fair announces Duff Milkie resigns as General Counsel - Cedar Fair Entertainment announced a change in its corporate leadership team. Duff Milkie has agreed to transition out of his role as Executive Vice President, General Counsel, and Corporate Secretary after nearly 14 years in the post. In order to facilitate this change, Milkie has resigned his officer positions effective immediately. As part of the transition, he will remain an employee until September 30, 2021, serving in a nonexecutive role. After the transition date, he will serve as an Of Counsel Advisor to the company through the end of February 2022. "I want to thank Duff for his tremendous leadership during a transformational period for our company," said Richard A. Zimmerman, Cedar Fair president and chief executive officer. "During his tenure, he established and then developed a highly talented legal team recognized for its business acumen and high standards of customer service. Duff also led the charge on external affairs, resulting in many successful development initiatives and public/private partnerships that have had an important impact on our Company and the communities we serve. Most notably, the Cedar Point Sports Center and the Bowling Green State University Resort and Attractions Management program will always serve as examples of Duff's vision, passion and tenacity. As he moves on to the next chapter of his professional career, we extend our deepest gratitude and respect for his many contributions to Cedar Fair."
|
CAAS | Hot Stocks07:05 EDT China Automotive purchases 40% of Swedish electric vehicle technology company - China Automotive's wholly owned subsidiary, Hubei Henglong Automotive, purchased a 40% interest in the issued share capital of Sentient AB, a Swedish automotive technology company specializing in software development and hardware design for advanced steering functions, vehicle motion control and autonomous driving. Jingzhou WiseDawn Electric Car will transfer and assign all of its Sentient shares, representing 40% of the issued share capital of Sentient, to Henglong for total consideration of EUR20M in three tranches of cash payments. Two directors of CAAS, Mr. Hanlin Chen and Mr. Qizhou Wu, are the majority and minority owners of WiseDawn. Founded and headquartered in Gothenburg, Sweden in 2009, Sentient operates seven facilities within Sweden and an office in Suzhou, China. Sentient currently hold 10 patents in steering, steer-by-wire, motion control and braking. A special committee was formed by three independent directors of CAAS to review this purchase. The special committee engaged a legal advisor, and a financial advisor who provided a Fairness Opinion as to the transaction's valuation.
|
BGNE | Hot Stocks07:05 EDT Shoreline Bioscience and BeiGene in pact to develop NK-based cell therapeutics - Shoreline Bioscience and BeiGene announced an exclusive worldwide strategic collaboration to develop and commercialize a portfolio of NK-based cell therapeutics with Shoreline's iPSC NK cell technology and BeiGene's research and clinical development capabilities for different malignancies...Under the terms of the agreement, Shoreline will receive an upfront cash payment of $45 million from BeiGene and will be eligible to receive additional R&D funding, milestone payments and royalties based upon the achievement of certain development, regulatory, and commercial milestones. In the multi-target collaboration, the companies have agreed to work jointly to develop cell therapies for four designated therapeutic targets, with an option to expand the collaboration at a future date. Clinical development will be led by BeiGene globally, with Shoreline responsible for clinical manufacturing. BeiGene will have commercial rights globally, with Shoreline having an option to retain U.S. and Canadian commercialization rights for two targets. In connection with the agreement, BeiGene has an option to acquire an equity stake in Shoreline in its next round of equity financing, subject to specified conditions.
|
SIOX | Hot Stocks07:05 EDT Sio Gene Therapies expects cash to sustain operations into 4Q22 - "As of March 31, 2021, we had $119M of cash and cash equivalents. We hold no short-term or long-term debt on the balance sheet. We estimate that our current cash and cash equivalents will sustain our operations into Q4 2022, beyond the expected dates of major upcoming milestones for our AXO-AAV-GM1 gene therapy program for the treatment of GM1 gangliosidosis," the company said.
|
XPO | Hot Stocks07:04 EDT XPO Logistics expects to spin off GXO Logistics in Q3
|
XPO | Hot Stocks07:03 EDT XPO Logistics sees FY22 organic revenue growth of 8%-12% for GXO spinoff - XPO Logistics has issued the following full year preliminary 2022 guidance for GXO, the planned spinoff of its logistics segment, assuming a 2021 separation: Organic revenue growth of 8% to 12% above pro forma 2021; Adjusted EBITDA of $700M-$735M, reflecting year-over-year growth of 14% to 20% above pro forma 2021; Adjusted EBITDAR of approximately $1.5B.
|
BR | Hot Stocks07:03 EDT Broadridge acquires AdvisorStream, terms not disclosed - Broadridge announced that it has acquired AdvisorStream, a provider of digital engagement and marketing solutions for the global wealth and insurance industries. The acquisition expands Broadridge's front-to-back office wealth capabilities, positioning Broadridge to serve growth-oriented advisors and firms looking to attract and engage prospects and clients across key digital channels.
|
TSN | Hot Stocks07:03 EDT Tyson Foods issues 2050 zero greenhouse gas emission targets - Tyson Foods announced its goal to achieve net-zero greenhouse gas emissions across its global operations and supply chain by 2050, including scopes 1, 2 and 3. The move to net zero is an expansion of the company's current science-based target of achieving a 30% GHG emissions reduction by 2030. Key areas the company will be prioritizing to meet this goal include: updating the baseline for emissions to align with limiting global temperature rise to 1.5 by the end of 2023; establishing a pathway to using 50% renewable energy across its domestic operations by 2030; completing initial land stewardship target of engaging 2-million feed acres and expanding the total acres by 2025, including a total target of 100% of feed purchased by 2030; expanding the company's current 5-million-acre grazing lands target for sustainable beef production practices by 2025; continuing work to eliminate deforestation risk throughout its global supply chain by 2030; supporting climate action policies through advocacy groups such as the Net Zero Business Alliance.
|
XPO | Hot Stocks07:02 EDT XPO Logistics raises Q2 adjusted EBITDA view to at least $490M - XPO has increased its expectation for Q2 2021 adjusted EBITDA to at least $490M, driven by stronger-than-expected performance in its transportation segment. Consequently, the company has increased its outlook for full year 2021 adjusted EBITDA to at least $1.845B-$1.895B, compared with the prior guidance of $1.825B-$1.875B. The new range for 2021 adjusted EBITDA reflects a year-over-year increase of 32% to 36% above 2020, comprised of: 28% to 32% growth in adjusted EBITDA in the logistics segment and 32% to 36% growth in adjusted EBITDA in the transportation segment.
|
XPO | Hot Stocks07:01 EDT XPO Logistics announces filing of Form 10 registration statement for GXO spinoff - XPO Logistics announced the filing of a public Form 10 registration statement for GXO Logistics with the U.S. Securities and Exchange Commission. The Form 10 was filed in connection with XPO's planned spin-off of its logistics segment into a separate publicly traded company. XPO expects to complete the spin-off in the third quarter of 2021, with GXO trading on the New York Stock Exchange, and is pursuing an investment-grade rating for both companies - GXO from day one, and XPO to follow. Brad Jacobs, chairman and CEO of XPO Logistics, said, "GXO's Form 10 public filing is a key step forward in our spin-off plan. The separation will create two pure-play powerhouses in the supply chain industry, XPO in transportation and GXO in logistics, each with enhanced prospects for growth."
|
NEPT | Hot Stocks07:01 EDT Neptune Wellness announces licensing pact between Sprout Foods, CoComelon - Neptune Wellness announced a multi-year licensing agreement between its Sprout Foods organic baby and toddler foods and CoComelon, owned and operated by Moonbug Entertainment. The licensing agreement was brokered by Moonbug's North American Licensing Agency, UTA and includes all North America. Product is expected in the summer of 2021. Terms of the deal were not disclosed.
|
CVE... | Hot Stocks06:56 EDT Cenovus, Canadian Natural, Imperial, MEG, Suncor form zero-emissions alliance - Canadian Natural Resources (CNQ), Cenovus Energy (CVE), Imperial (IMO), MEG Energy (MEGEF) and Suncor Energy (SU) announced the Oil Sands Pathways to Net Zero initiative. These companies operate approximately 90% of Canada's oil sands production. The goal of this alliance, working with the federal and Alberta governments, is to achieve net zero greenhouse gas emissions from oil sands operations by 2050 to help Canada meet its climate goals, including its Paris Agreement commitments and 2050 net zero aspirations. This follows announcements from the Governments of Canada and Alberta of support programs for emissions- reduction projects and infrastructure. The Pathways vision is anchored by a Carbon Capture, Utilization and Storage trunkline connected to a carbon sequestration hub to enable multi-sector 'tie-in' projects for expanded emissions reductions. The initiative incorporates a number of parallel pathways to address GHG emissions, including: a core Alberta infrastructure corridor linking oil sands facilities in the Fort McMurray and Cold Lake regions to a carbon sequestration hub near Cold Lake via a CO2 trunkline; deploying existing and emerging GHG reduction technologies at oil sands operations along the corridor; evaluating, piloting and accelerating application of potential emerging emissions-reducing technologies including direct air capture, next-generation recovery technologies and small modular nuclear reactors.
|
MRK | Hot Stocks06:47 EDT Merck announces procurement agreement with U.S. for molnupiravir - Merck announced it has entered into a procurement agreement with the United States government for molnupiravir (MK-4482). Molnupiravir is currently being evaluated in a Phase 3 clinical trial, the MOVe-OUT study, for the treatment of non-hospitalized patients with laboratory-confirmed COVID-19 and at least one risk factor associated with poor disease outcomes. Merck is developing molnupiravir in collaboration with Ridgeback Biotherapeutics. Through the agreement, if molnupiravir receives Emergency Use Authorization or approval by the U.S. FDA, Merck will receive approximately $1.2B to supply approximately 1.7M courses of molnupiravir to the United States government. Merck has been investing at risk to support development and scale-up production of molnupiravir and expects to have more than 10M courses of therapy available by the end of 2021. Merck also plans to submit applications for emergency use or approval to regulatory bodies outside of the U.S. and is currently in discussions with other countries interested in advance purchase agreements for molnupiravir. Merck is committed to providing timely access to molnupiravir globally and intends to implement a tiered pricing approach based on World Bank data that recognizes countries' relative ability to finance their public health response to the pandemic. As part of its access strategy, Merck has also entered into non-exclusive voluntary licensing agreements for molnupiravir with established generic manufacturers to accelerate availability of molnupiravir in 104 low- and middle-income countries following approvals or emergency authorization by local regulatory agencies.
|
NVT | Hot Stocks06:47 EDT nVent Electric to acquire CIS Global - nVent Electric has entered into a definitive agreement to acquire CIS Global, a privately held provider of mission critical power and server rack-mount slide products for the data center and networking industries. The transaction is expected to be completed by Q3 for a cash purchase price of approximately $200M, subject to adjustments. CIS Global is headquartered in Tucson, Arizona with five manufacturing facilities including China, India and Thailand with approximately 850 employees globally. nVent expect CIS Global will be operated as a separate business within the nVent Enclosures segment. The closing is subject to customary conditions, including regulatory approval.
|
WISH | Hot Stocks06:42 EDT ContextLogic up 29% in pre-market as second highest trending name on StockTwits - Shares of ContextLogic are up another 29% at $15.05 in pre-market trading following yesterday's 50% rally. The stock is the second highest-trending ticker on StockTwits in terms of message volume this morning.
|
CLOV | Hot Stocks06:38 EDT Clover Health up another 19% in pre-market amid sustained sentiment - Shares of Clover Health are up another 19% at $26.32 in pre-market trading following yesterday's 85% rally. The stock remained the top-trending ticker on StockTwits in terms of message volume overnight.
|
TRX | Hot Stocks06:36 EDT Tanzanian Gold updates metallurgical test work at Buckreef Gold Project - Tanzanian Gold and its joint venture partner, The State Mining Company, have received updated and "highly favourable" metallurgical test results from the sulphide component of the Buckreef Gold Mine mineral resource. Three diamond core samples taken from the fresh rock of the Buckreef Gold deposit were submitted for the study. Intercepts and gold recoveries confirmed in the report include: 0.54 g/t Au over 78.88m - 94.1%; 19.4 g/t Au over 27.99m - 95.4%; 1.71 g/t Au over 52.53m - 85.3%. No refractory association of gold with arsenic sulphide was detected. Clean tailings, high probability of mine tailings not being acid generating. Further opportunities to improve gold extraction from MC03 have been identified through diagnostic leach testing.
|
DPW | Hot Stocks06:35 EDT Ault Global Holdings' Coolisys enters partnership agreement with ChargeLab - Ault Global Holdings announced that the company's subsidiary, Coolisys Technologies, has executed a partnership agreement with ChargeLab to design, build and publish cross-platform mobile experiences for residential and commercial end-users of TurnOnGreen EV chargers. TurnOnGreen, a recently established subsidiary of Coolisys, is dedicated to commercializing and launching its full service of electric vehicle supply equipment and services. Under this agreement, ChargeLab will support Coolisys in the pre-production stage of the TurnOnGreen EV charging product by performing testing sessions to ensure and validate solid firmware compliance with the Open Charge Point Protocol.
|
TGT | Hot Stocks06:35 EDT Target increases quarterly dividend 32.4% to 90c per share - The board of directors of Target has declared a quarterly dividend of 90c per common share, a 32.4% increase from the prior quarterly dividend of 68c. The dividend is payable Sept. 10 to shareholders of record at the close of business August 18.
|
KCAC WBX | Hot Stocks06:33 EDT Wallbox to become public through Kensington Capital Acquisition merger - Wall Box Chargers and Kensington Capital Acquisition (KCAC) announced a definitive agreement for a business combination that would result in Wallbox becoming a publicly listed company. Upon closing of the transaction, the combined company will be named Wallbox and listed on the NYSE and trade under the new ticker symbol (WBX). Founded in 2015, Wallbox creates smart charging and energy management solutions that combine technology with design, facilitating the adoption of electric vehicles. Wallbox designs, manufactures and distributes EV charging solutions for residential, semi-public and public use, and its products are sold in 67 countries. Wallbox's largest institutional investor, Iberdrola, recently announced the acquisition of the first 1,000 Wallbox Supernova fast chargers as part of its five-year sustainable mobility plan to deploy more than 150,000 chargers in homes, businesses and public road networks. Wallbox has nine offices across three continents and has sold over 100,000 units since its founding in 2015. Through its vertically integrated model, the company keeps development cycles short, enabling an accelerated time to market. Its products are currently manufactured in Spain and China, with plans to add a U.S. manufacturing facility in 2022. The business combination values Wallbox at an implied $1.5B pro forma enterprise value. The boards of directors of both Kensington and Wallbox have approved the proposed transaction, which is expected to be completed in Q3, subject to, among other things, the approval by Kensington's stockholders and satisfaction or waiver of other conditions stated in the definitive documentation. The transaction will result in proceeds of approximately $330M to Wallbox, including a $100M fully committed PIPE.
|
PHGE | Hot Stocks06:32 EDT BiomX to present preclinical results with BX004 in cystic fibrosis at ECFS - BiomX announced that preclinical results with BX004 in Cystic Fibrosis will be presented at the 44th European Cystic Fibrosis Conference. ECFS will be held from June 9-12. "Our upcoming presentation at ECFS highlights the capability of our BOLT platform to design phage cocktail candidates that can efficiently and selectively target pathogenic bacteria," said Jonathan Solomon, CEO of BiomX. "In vitro results demonstrate that BiomX's phage cocktail, BX004, was able to penetrate biofilm and was efficacious in significantly reducing bacterial levels of Pseudomonas aeruginosa encased in biofilm, relative to two different antibiotics. Encouraged by these promising preclinical results, we look forward to advancing BX004 in CF to a Phase 1b/2a trial with results from Part 1 expected in the first quarter of 2022."
|
HEXO | Hot Stocks06:32 EDT Hexo granted dismissal of NY state court shareholder class action - Hexo has won a dismissal of the securities class action pending in the Commercial Division of the Supreme Court of the State of New York. Hexo and certain of its current and former officers and directors were named in shareholder class action lawsuits filed in the Southern District of New York; the Commercial Division of the Supreme Court for the State of New York, New York County; and the Province of Quebec. The suits alleged that Hexo made material misstatements and omitted material information in its prior disclosures to investors regarding various issues, including but not limited to its estimated sales revenues during 4Q19 and FY20, its supply agreement with the SQDC, and the facilities acquired from Newstrike. The Southern District of New York previously dismissed the U.S. federal securities class action in that venue on March 8. No appeal was taken from that dismissal. Following oral argument on June 3, Justice Andrew Borrok of the Commercial Division of the Supreme Court of the State of New York, New York County granted Hexo's motion to dismiss the state court securities class action. The court agreed with Hexo that the plaintiffs "fail[ed] to identify any facts which were known or should be known which rendered the offering documents materially misleading at the time they were issued." Plaintiffs have a right to appeal.
|
U | Hot Stocks06:25 EDT Cathie Wood's ARK Investment bought 193K shares of Unity Software on Tuesday
|
SPOT | Hot Stocks06:25 EDT Cathie Wood's ARK Investment bought 157K shares of Spotify on Tuesday
|
TRMB | Hot Stocks06:24 EDT Cathie Wood's ARK Investment bought 189.9K shares of Trimble on Tuesday
|
APD BKR | Hot Stocks06:21 EDT Air Products, Baker Hughes announce pact to develop hydrogen compression - Air Products (APD) and Baker Hughes (BKR) announced a strategic global collaboration to develop next generation hydrogen compression in an effort to lower the cost of production and accelerate the adoption of hydrogen as a zero-carbon fuel. As part of the collaboration, Baker Hughes will provide Air Products with advanced hydrogen compression and gas turbine technology for global projects, including NovaLT16 turbines for Air Products' net-zero hydrogen energy complex in Edmonton, Alberta, Canada and advanced compression technology for the NEOM carbon-free hydrogen project in the Kingdom of Saudi Arabia.
|
BKR APD | Hot Stocks06:17 EDT Baker Hughes and Air Products to collaborate on global hydrogen projects - Air Products (APD) and Baker Hughes (BKR) announced a strategic global collaboration to develop next generation hydrogen compression aimed at lowering the cost of production and accelerating the adoption of hydrogen as a zero-carbon fuel. Baker Hughes will provide Air Products with advanced hydrogen compression and gas turbine technology for global projects, including NovaLT16 turbines for Air Products' net-zero hydrogen energy complex in Edmonton, Alberta, Canada and advanced compression technology for the NEOM carbon-free hydrogen project in the Kingdom of Saudi Arabia.
|
ALLT | Hot Stocks06:09 EDT Allot Ltd. selected by Tier-1 mobile operator in APAC for 5G network security - Allot Ltd.'s 5G NetProtect solution has been selected by a Tier-1 mobile operator in APAC to provide end-to-end User Plane Protection against DDoS and botnet attacks on their 5G network. Allot 5G NetProtect is a cloud native solution designed to meet requirements derived from 5G network scale, latency, and expanded threat landscape. Allot 5G NetProtect employs a multi-layer threat prevention strategy and machine learning artificial intelligence to automatically detect and block zero-day attacks.
|
ABBV | Hot Stocks06:07 EDT Caraway Therapeutics establishes collaboration with AbbVie - Caraway Therapeutics announced an exclusive, collaboration and option agreement with AbbVie to develop and commercialize Caraway's small molecule therapeutics targeting TMEM175, a potassium ion channel critical to lysosomal function implicated in both Parkinson's disease and other neurodegenerative disorders. TMEM175 is a compelling target with strong genetic support. Loss of function mutations in TMEM175 are associated with reduced lysosomal efficiency in a subpopulation of PD patients, that can manifest as earlier age of disease onset or elevated risk of dementia relative to idiopathic PD. Under this collaboration, Caraway will continue to advance proprietary small molecule TMEM175 modulators, leveraging Caraway's unique drug discovery platform and expertise in lysosomal biology and cellular clearance mechanisms, and combine with AbbVie's expertise in disease biology, clinical development, and global commercialization. Under the terms of the agreement, Caraway will receive an upfront cash payment of $17M. After Caraway completes certain pre-clinical research and development activities for the collaboration program, AbbVie has an option to license the program and proceed into IND-enabling studies, clinical development, and commercialization. Caraway is eligible to receive up to $267M in payments, including upfront and future option payments, and development milestones. Caraway is also eligible to receive additional regulatory and commercial milestones, tiered royalties on global commercial sales, and has the option to participate in product development in return for higher royalty rates.
|
UPS | Hot Stocks06:05 EDT UPS to discuss company strategy at investor and analyst conference - UPS will host its investor and analyst conference 6/9 beginning at 9:00 a.m. EDT. The virtual event will be available in its entirety through a live webcast and replay at investors.ups.com. The company will highlight priorities for its Customer First, People Led, Innovation Driven strategy; discuss targeted areas of growth including small and medium-sized businesses, healthcare and international; provide 2023 financial targets; and discuss newly established ESG targets. Customer First: The company's Customer First strategy strives to provide the best digital experience powered by its global smart logistics network. The company will showcase the actions it is taking to make it simpler and more helpful to do business with UPS. Customer First focuses on removing friction when doing business with UPS, as measured by gains in Net Promoter Score, or NPS. The company has targeted a 2023 NPS score of 50 or higher. People Led: The company will discuss the measures it is taking to improve the employee experience and increase the likelihood that an employee recommends UPS as a great place to work. The company has established a 2023 "likelihood to recommend" target of 80 percent or higher. Innovation Driven: By highlighting technology and productivity initiatives, the company will address its approach to creating shareowner value by delivering consistently higher returns on invested capital, as well as returns to shareowners through dividends and share repurchases. "We are creating a new UPS, rooted in the values of the company. Our strategic priorities are evolving to reflect the changing needs of our customers and our business, and what matters most to our stakeholders," said Carol Tome, UPS CEO.
|
APD | Hot Stocks06:05 EDT Air Products announces plan to build hydrogen energy complex in Alberta - Air Products and its subsidiary Air Products Canada, in conjunction with the Government of Canada and the Province of Alberta, announced a multi-billion dollar plan to build a new net-zero hydrogen energy complex in an effort to make Edmonton, Alberta the center of western Canada's hydrogen economy. Air Products began work in 2018 on the core of this energy complex in Edmonton, which will begin with a C$1.3B net-zero hydrogen production and liquefaction facility expected onstream in 2024. This project has been approved by Air Products' board, subject to final completion of the agreements contemplated in signed Memorandums of Understanding between Air Products and Canadian authorities, and with appropriate permit approvals. This development is consistent with Air Products' growth strategy of executing global megaprojects that enable a transition to a cleaner, more sustainable energy future. The project relies on an innovative combination of well-established technologies to jump-start an ambitious transition to carbon neutrality.
|
UPS | Hot Stocks06:04 EDT UPS announces company-wide ESG targets - The company is announcing a new set of company-wide ESG targets, including its pledge to be carbon neutral across scope 1, 2 and 3 emissions in its global operations by 2050. Interim 2035 environmental sustainability targets include: 50% reduction in CO2 per package delivered for its global small package operations (2020 base year). 100% of company facilities powered by renewable electricity. 30% of the fuel used in its global air fleet be sustainable aviation fuel.
|
SPXC GE | Hot Stocks06:04 EDT SPX Corporation selling SPX Transformer Solutions to GE-Prolec Transformers - SPX Corporation (SPXC) has entered into a binding agreement to sell 100% of the issued and outstanding stock of its wholly-owned subsidiary, SPX Transformer Solutions, to GE-Prolec Transformers, a subsidiary of a joint venture between GE (GE) and Xignux S.A. for a cash purchase price of $645M. SPX anticipates that after taxes on a gain from the sale, net proceeds will be approximately $540M. The purchase price is subject to customary net working capital and similar adjustments at closing. The transaction is anticipated to close during the second half of 2021, subject to the satisfaction of typical closing conditions, including antitrust regulatory review. SPX is updating its 2021 guidance for the anticipated sale of SPX Transformer Solutions. SPX expects to account for the results of SPX Transformer Solutions as discontinued operations when it reports Q2 results in early August. SPX now anticipates FY21 Adjusted EPS of $2.17-$2.37 vs. prior guidance of $3.06-$3.26 and adjusted revenue of $1.25B, vs. prior guidance of $1.7B, and adjusted operating income margin of 11%-12%, consistent with prior guidance.
|
SFTBY | Hot Stocks05:24 EDT SoftBank to promote deployment of NTN solutions - SoftBank announced it will start promoting the deployment of non-terrestrial network, or NTN, solutions that provide connectivity from space and the stratosphere. SoftBank's NTN solutions will encompass the Geosynchronous Earth Orbiting, or GEO, satellite NarrowBand IoT services provided by Skylo Technologies, which recently agreed to partner with SoftBank to provide satellite connectivity services in Japan. SoftBank's NTN solution portfolio will also include Low Earth Orbit, or LEO, satellite communications to be provided by OneWeb and HAPS-based stratospheric telecommunication platforms to be provided by SoftBank subsidiary HAPSMobile.
|
GOL | Hot Stocks05:21 EDT Gol Linhas to acquire MAP Transportes Aereos for R$28M in cash, stock - GOL Linhas announced it has entered into an agreement to acquire MAP Transportes Aereos, or MAP, a Brazilian domestic airline with flight routes to regional destinations and Sao Paulo's Congonhas Airport. Founded in 2011, MAP is the fifth-largest Brazilian domestic airline, with a fleet of seven 70-seat ATRs that operate on routes in the Amazon region from the Manaus Airport and Brazil's South and Southeast regions from Congonhas, the country's largest domestic airport. The realization of this transaction will reinforce GOL's positioning in two of of its main bases, with growth of approximately 10% at CGH via the addition of 26 daily flights. Thus, the company will be able to serve new destinations connecting South America's largest city to historically underserved domestic markets, as the restrictions resulting from the pandemic are reduced or eliminated. GOL maintains its single-fleet fleet strategy to service these new routes in a cost-efficient and sustainable way. The company also has the additional flexibility to evaluate new aircraft types or partnerships that can service these regional markets more cost efficiently, with no future obligation as it relates to MAP's current fleet. The Company intends to offer new destinations and routes, complementary to its current network at Congonhas Airport, that will provide a wider range of flight options for passengers and greater convenience for clients. In addition to expanding to new routes, the company will provide a substantially higher number of seats per flight than currently available by MAP to these markets. The ATRs will be substituted for larger and more efficient aircraft, giving continuity to GOL's regional strategy, that operates on 23 Boeing 737-700s - a model that can be substituted with even more efficient aircraft in the future. MAP will be acquired for R$28M in cash and stock, to be paid upon satisfaction of all closing conditions, comprised of 100,000 GOLL4 shares at R$28 per share and R$25M in cash to be paid in twenty-four monthly installments. At closing, the company will assume up to R$100M of MAP's financial obligations. The transaction closing is subject to certain conditions precedent, including approvals and confirmations by Brazil's National Civil Aviation Agency and by Brazil's Administrative Council for Economic Defense..
|
DASH | Hot Stocks05:14 EDT DoorDash announces expansion to Japan - DoorDash announced its official launch in Japan, beginning with Sendai. This marks the company's first market expansion in Asia and third country outside the U.S., including Australia and Canada.
|
RACE STM | Hot Stocks05:09 EDT Ferrari appoints Benedetto Vigna as its CEO - Ferrari (RACE) announced the appointment of Benedetto Vigna as its CEO. Vigna will join Ferrari on September 1 from STMicroelectronics (STM), where he is currently president of its analog, micro-electromechanical systems and sensors group, its largest and most profitable operating business in 2020.
|