Stockwinners Market Radar for June 24, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

GLD

Hot Stocks

19:17 EDT SPDR Gold Shares holdings fall from 1,046.45MT to 1,042.87MT - This is the 2nd consecutive decline and a 1-week low level of holdings.
RHHBY

Hot Stocks

19:15 EDT Genentech's Actemra receives emergency use authorization from FDA - Genentech, a member of the Roche Group, announced that the U.S. Food and Drug Administration has issued an Emergency Use Authorization for intravenous Actemra for the treatment of COVID-19 in hospitalized adults and pediatric patients who are receiving systemic corticosteroids and require supplemental oxygen, non-invasive or invasive mechanical ventilation, or extracorporeal membrane oxygenation. The EUA is based on results from four randomized, controlled studies that evaluated Actemra for the treatment of COVID-19 in more than 5,500 hospitalized patients. The results of these studies suggest that Actemra may improve outcomes in patients receiving corticosteroids and requiring supplemental oxygen or breathing support. "Even with the availability of vaccines and declines in deaths from COVID-19 in various parts of the world, we continue to see new hospitalizations from severe forms of the disease," said Levi Garraway, M.D., Ph.D., chief medical officer and head of Global Product Development. "We are pleased that Actemra is now authorized as an option that may help improve outcomes for adults and children hospitalized with COVID-19 in the United States."
RHHBY

Hot Stocks

19:15 EDT Genentech's Actemra receives emergency use authorization from FDA - Genentech, a member of the Roche Group, announced that the U.S. Food and Drug Administration has issued an Emergency Use Authorization for intravenous Actemra for the treatment of COVID-19 in hospitalized adults and pediatric patients who are receiving systemic corticosteroids and require supplemental oxygen, non-invasive or invasive mechanical ventilation, or extracorporeal membrane oxygenation. The EUA is based on results from four randomized, controlled studies that evaluated Actemra for the treatment of COVID-19 in more than 5,500 hospitalized patients. The results of these studies suggest that Actemra may improve outcomes in patients receiving corticosteroids and requiring supplemental oxygen or breathing support. "Even with the availability of vaccines and declines in deaths from COVID-19 in various parts of the world, we continue to see new hospitalizations from severe forms of the disease," said Levi Garraway, M.D., Ph.D., chief medical officer and head of Global Product Development. "We are pleased that Actemra is now authorized as an option that may help improve outcomes for adults and children hospitalized with COVID-19 in the United States."
SBUX

Hot Stocks

18:45 EDT Starbucks CEO: No shortage of supplies in cups or coffee - In an interview on CNBC's Mad Money, Kevin Johnson said traffic has been increasing as vaccinations have increased. Customers are back in stores and demand is strong, he noted, with volume in stores "at a record." Johnson added that the company is seeing "phenomenal reception" to new drinks.
VSTO

Hot Stocks

18:24 EDT Vista Outdoor CEO: We can't fill the demand that sits in the marketplace - In an interview on CNBC's Mad Money, Chris Metz said Vista's Outdoor products business had a record year. The company can't produce enough products to meet demand, he noted. New product innovation, online efforts have been driving sales, he added. Acquisitions are going to be a big part of Vista's value proposition going forward, according to Metz, with an emphasis on exploring tuck-in acquisitions. "We're just in the beginning of our growth," he said.
MATX

Hot Stocks

18:09 EDT Matson raises dividend 30.4%, announces 3M share repurchase plan - The Board of Directors of Matson declared a third quarter dividend of 30c per common share. The dividend represents a 7c, or 30.4% increase over the prior dividend and will be paid on September 2 to all shareholders of record as of the close of business on August 5. The Board also approved a share repurchase program totaling 3M shares, or approximately 7% of outstanding common shares. As of June 24, the authorization represents approximately $190M of potential repurchases.
NKE

Hot Stocks

17:46 EDT Nike provides growth targets through 2025 - Sees sustained revenue growth going forward. Sees high-single digits to low-double digits revenue growth on average through 2025. Sees EBIT margin reaching high teens by 2025. Sees EPS growth of mid-to-high teens on average through 2025.
NKE

Hot Stocks

17:42 EDT Nike says SNKRS app grew 90% in Q4 - Says growth was led by digital business. Says opportunity in FY22 is significant. Says SNKRS grew 90% in Q4. Says digital revenue represents 21% of Nike brand revenue. Says in a healthy and normalized inventory position. Comments taken from Q4 earnings conference call.
GVA

Hot Stocks

17:40 EDT Granite awarded $16 rehabilitation project at Anchorage International Airport - Granite announced that it has been awarded a bid-build contract to rehabilitate three taxiways at Anchorage International Airport by the Alaska Department of Transportation and Public Facilities in Anchorage, Alaska. The $16M contract is anticipated to be included in Granite's second quarter committed and awarded projects. The scope of work consists of cold planing and replacing 60,000 tons of asphalt pavement, asphalt surface treatment, storm drain improvements, and the replacement and improvement of taxiway lighting and signage. Granite's Lang Street Hot Plant will supply the 60,000 tons of hot-mix asphalt for the project. The rehabilitation work is expected to begin in July 2021 and projected to be completed by September 2022.
NKE

Hot Stocks

17:38 EDT Nike jumps over 8% to $144.45 after Q4 earnings beat
FIII ELMS

Hot Stocks

17:36 EDT Forum Merger III stockholders approve combination with Electric Last Mile - Forum Merger III Corporation (FIII) and Electric Last Mile, Inc. (ELMS) announced that Forum's stockholders have approved all proposals related to the companies' previously announced business combination. At a special meeting of Forum's stockholders held today, approximately 99% of the votes cast, representing approximately 67% of Forum's outstanding shares as of the record date for the meeting, voted to approve the business combination with ELMS. The formal results of the vote will be included on a Form 8-K to be filed with the U.S. Securities and Exchange Commission. The closing of the business combination is anticipated to take place on June 25, 2021, subject to the satisfaction of certain customary closing conditions. The combined company will be renamed Electric Last Mile Solutions, Inc., and its common stock and warrants are expected to begin trading on the Nasdaq Stock Market under the ticker symbols "ELMS" and "ELMSW", respectively, on June 28, 2021.
BLDP

Hot Stocks

17:32 EDT Ballard Power announces rebranding to reflect approach to fuel cell technology - Ballard Power Systems announced a rebranding to reflect the next phase of the company's journey as a global provider of zero-emission fuel cell technology. The hydrogen and fuel cell industry has reached an important inflection point with scaled commercialization expected over the next decade. With a leading position in the fuel cell industry, Ballard is forecasting significant growth and development through 2030. The rebranding includes a redesign of the company's logo, tagline, website and communication tools. "Ballard's new logo is familiar but refreshed," the company said. "The sense of forward motion reflects our ability to advance and innovate while holding to the values that brought us to where we are today. The new tagline, Here for life has multiple dimensions. To society and all our stakeholders, Here for life reflects our vision to deliver fuel cell power for a sustainable planet. It connotes our purpose to decarbonize mobility to mitigate the existential threat of climate change and pass on to the next generation a more livable planet. To customers, Here for life also means that we support you through your entire customer journey with Ballard. We have your back and we stand behind our products and service. And we are designing products and services to address the total lifecycle of your fuel cell vehicles. For employees, Here for life also forms part of our employee value proposition as we seek to improve the life of each employee with a challenging, rewarding and flexible career and a respect for diversity."
BFIN

Hot Stocks

17:31 EDT BankFinancial expands share repurchase program by 900,000 shares - BankFinancial increased the total number of shares currently authorized for repurchase under the Share Repurchase Program by 900,000 shares. As of June 24, a total of 99,661 shares remained authorized for purchase pursuant to the previous share repurchase authorization. The total number of shares authorized for repurchase is 999,661. The share repurchase authorization remains in effect through November 15.
FDX

Hot Stocks

17:31 EDT FedEx CFO says widespread labor shortage impacting us through higher costs - Says estimate higher tax rate for FY22 at about 24%. Sees FY22 CAPEX at $7.2B. Says cost of TNT Express integration to rise to $1.8B from $1.7B.
FDX

Hot Stocks

17:24 EDT FedEx says B2B volumes have recovered to pre-COVID levels - Says European recovery will return to pre-pandemic levels later in 2021.
HPE

Hot Stocks

17:23 EDT HP Enterprise awarded $443.78M reimbursement Air Force contract - HP Enterprise has been awarded a $443.78M firm-fixed-price, cost-plus-incentive-fee, cost-plus-fixed-fee, cost-reimbursement contract for the U.S. Strategic Command Information Technology Capabilities. This contract will provide services, capabilities and functions to include information technology infrastructure, mission critical systems and applications. Work will be performed at Offutt Air Force Base, Nebraska, and is expected to be completed June 30, 2026. No funds are being obligated at the time of award. The 55th Contracting Squadron, Offutt AFB is the contracting activity.
FDX

Hot Stocks

17:12 EDT FedEx CEO sees operating margins expanding in FY22 - Comments taken from Q4 earnings conference call.
MRTX

Hot Stocks

16:44 EDT Mirati's Adagrasib receives breakthrough therapy designation from FDA - Mirati Therapeutics, Inc. announced that the U.S. Food and Drug Administration has granted Breakthrough Therapy Designation to adagrasib for the potential treatment of patients with non-small cell lung cancer who harbor the KRAS-G12C mutation following prior systemic therapy. Breakthrough Therapy Designation is an FDA program designed to expedite the development and regulatory review of drugs that have demonstrated preliminary clinical evidence of a substantial improvement over available therapy in the treatment of patients with serious diseases on at least one clinically significant endpoint. The designation for adagrasib is supported by preliminary results from the registrational Phase 1/2 KRYSTAL-01 trial in patients with advanced NSCLC, whose cancer had progressed following prior treatment with immunotherapy and/or chemotherapy. "We are pleased to receive this breakthrough therapy designation for adagrasib, which emphasizes the significant need for new treatment options for patients with lung cancer who harbor the KRAS-G12C mutation," said Charles M. Baum, M.D., Ph.D., president and chief executive officer, Mirati Therapeutics, Inc. "We look forward to submitting a New Drug Application for adagrasib in the second half of this year and further advancing adagrasib across a broad development plan with the goal of improving clinical outcomes in patients with KRAS-G12C mutated cancers."
BAC...

Hot Stocks

16:38 EDT Fed releases annual bank stress test results, to end COVID event restrictions - The Federal Reserve Board released the results of its annual bank stress tests, which showed that large banks continue to have strong capital levels and could continue lending to households and businesses during a severe recession. "Over the past year, the Federal Reserve has run three stress tests with several different hypothetical recessions and all have confirmed that the banking system is strongly positioned to support the ongoing recovery," said Vice Chair for Supervision Randal Quarles. All 23 large banks tested remained well above their risk-based minimum capital requirements and as laid out previously by the Board, the additional restrictions put in place during the COVID event will end. All large banks will be subject to the normal restrictions of the Board's stress capital buffer, or SCB, framework. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
DTE

Hot Stocks

16:37 EDT DTE Energy cuts quarterly dividend to 82.5c per share from $1.085 - The dividend is payable Oct. 15, 2021 to shareholders of record at the close of business Sept. 20, 2021. The company states the "October dividend reflects the company's performance as a predominantly pure-play utility company."
CZR

Hot Stocks

16:35 EDT IGC no longer requires Caesars to sell Horseshoe Hammond following amended order - The Indiana Gaming Commission, or IGC, amended its order requiring Caesars to sell a third casino asset in the state. As a result, Caesars will continue to own and operate Horseshoe Hammond, Indiana Grand, Harrah's Hoosier Park, and its three off-track betting locations. Caesars Entertainment recently closed on the sale of Tropicana Evansville and expects to close on the sale of Caesars Southern Indiana sometime in Q3.
UNVR

Hot Stocks

16:34 EDT Univar expands distribution agreement for Tata Chemicals' health ingredients - Univar announced an expanded distribution agreement with Tata Chemicals. The agreement builds on the companies' existing relationship in Canada and appoints Univar Solutions as the exclusive distributor of Tata's range of prebiotic dietary fibers across the Eastern and Central U.S. The addition of Fossence and Gossence fibers, which are produced using Tata Chemicals' proprietary in-house developed fermentation technology, to Univar Solutions' specialty ingredients portfolio, provides food and nutraceutical manufacturers in the U.S. with additional options. The Nutrition Sciences division of Tata Chemicals, under the brand Tata NQ, produces prebiotic dietary fibers designed to help promote the growth of a healthy microbiome.
DLX MSFT

Hot Stocks

16:33 EDT Deluxe, Microsoft to collaborate over small business HR, payroll solutions - Deluxe (DLX) announced a collaboration with Microsoft (MSFT) to bring the Deluxe small business human resources and payroll solutions to Microsoft Dynamics 365 Business Central. The collaboration brings together the two companies to further accelerate financial and accounting solutions for small businesses. "As your business grows in both size and complexity and your customers expect better and faster service, the tools that once supported you may now be standing in your way," said Garry Capers, President of Cloud Solutions for Deluxe. "Whether the result is lost sales, customer dissatisfaction, or compliance risks, failing to update your technology can be a costly decision. Deluxe solutions for small businesses, from incorporation services to payroll, logo creation to website development, help entrepreneurs and business owners grow and thrive in the marketplace." "Through the integration of Deluxe small business solutions, we have eliminated the need for manual importing or exporting and reconciliation of payroll data by unifying and automating our payroll solution with the financial management capabilities in Microsoft Dynamics 365 Business Central. This gives business owners more controls, efficiency and access through our single unified solution," Capers continued.
LPRO

Hot Stocks

16:32 EDT Open Lending signs agreement with American National Affiliates - Open Lending announced that the company has signed a Producer Agreement with American National Lloyds Insurance Company and ANPAC Louisiana Insurance Company, both affiliates of American National Group, enabling both companies to be additional providers of credit default insurance policies for Open Lending's Lenders Protection Program.
KBR

Hot Stocks

16:32 EDT KBR awarded $194.3M Air Force task order - KBR won a $194.3M task order to research, develop, test, and analyze the design and fabrication of microelectronics components, verifying and validating their trustworthiness for the U.S. Air Force Research Laboratory's, or AFRL, Trusted Electronics Branch, or RYDT. Under the Security and Trustworthy Foundations for Electronics Resurgence, or STryFER, task order, KBR's efforts will include multidisciplined research and development of design best practices and methodologies for trusted systems in the digital and analog realm. The company will also develop unique and science-driven counterfeit detection schemes through microelectronic device characterization methodology, and advanced fabrication and packaging schemes for trusted microelectronics. The Air Force Installation Contracting Center, 774 Enterprise Sourcing Squadron awarded the cost-plus-fixed-fee task order through the DoD Information Analysis Center's, or IAC, multiple award contract, an indefinite delivery, indefinite quantity vehicle for complex, integrated professional projects. KBR will carry out these duties at Wright-Patterson Air Force Base, as well as other locations over the next five years. The company has supported AFRL/RYDT and predecessor organizations since 2012.
ONCS

Hot Stocks

16:32 EDT OncoSec appoints Brian Leuthner interim CEO - OncoSec Medical announced that Daniel O'Connor has resigned and that Brian Leuthner, formerly COO, has been appointed interim CEO, effective June 25. Leuthner joined OncoSec in February 2021. O' Connor is also stepping down from his seat on the board.
DOOR

Hot Stocks

16:19 EDT Masonite plans new manufacturing facility in South Carolina - Masonite plans to invest in a new door manufacturing facility in Fort Mill, SC. Fort Mill was selected in part due to its proximity to customers and suppliers, workforce quality and availability, and pro-business climate. The new 370,000 square foot facility will produce doors for the North American residential housing market and is expected to employ more than 220 people beginning in early 2022.
FDX

Hot Stocks

16:19 EDT FedEx reports Q4 operating margin 8.7% vs. 5.2% last year - The company states: "Operating margin increased 260 basis points (an adjusted 340 basis points; adjusted measures exclude the items listed below for the applicable fiscal year), as improved network optimization and asset utilization enabled profit growth from record fourth quarter volume. FedEx Ground reported record earnings for the quarter and revenue growth of 27%. The revenue increase was primarily driven by strong growth in business-to-business shipments and a 14% rise in revenue per package. Operating margin improved 310 basis points to 13.6% due to strong revenue growth and slower growth in purchased transportation expenses, aided by a higher mix of business-to-business shipments and benefits from dynamic route optimization technology. This improvement was partially offset by higher expenses driven by constrained labor availability. FedEx Freight reported record earnings and operating margin of 16.1% for the quarter, as average daily shipments grew 30% and revenue per shipment increased 6%. Operating results improved primarily due to the continued focus on revenue quality and profitable growth."
IQV

Hot Stocks

16:17 EDT Iqvia launches Clinical Data Analytics Suite - Iqvia "introduced Clinical Data Analytics Suite, a new SaaS-based clinical data analytics platform that combines structured and unstructured data from clinical trials into a single, standardized setting for easier access and use. This produces a scalable repository, that helps meet regulatory requirements, for stakeholders to investigate operational and clinical data. It also drives faster predictive analytics using AI/ML, enabling smarter decisions across all parts of a clinical trial."
BTRS

Hot Stocks

16:15 EDT Billtrust to be added to US Small-Cap Russell 2000 index - BTRS Holdings announced that the Company will be added as a member of the Russell 2000 Index effective after the US market opens on June 28, as part of the Russell US index 2021 annual reconstitution.
TNXP

Hot Stocks

16:15 EDT Tonix announces advancement of construction of commercial-scale vaccine plant - Dr. Seth Lederman, CEO of Tonix Pharmaceuticals, said that plans are advancing to construct a commercial-scale manufacturing facility to develop and manufacture vaccines in the Bitterroot Valley, according to a press release issued by the company. Lederman has said that once the facility is completed, Tonix expects to create "many high-tech bioscience jobs." The new Montana facility is intended to develop and produce Tonix's vaccine candidates, including TNX-1800, a potential COVID-19 vaccine. "One of the things that the COVID-19 pandemic exposed was major shortcomings in U.S. domestic vaccine development and manufacturing capabilities. Tonix is striving to be a pioneer in American made vaccine development and production. We believe it is vital to bring these skills and high-tech jobs back to the U.S. both in the fight against the COVID-19 pandemic and it's long lasting effects, and to prepare for prospective future pandemics," said Lederman.
GOOD

Hot Stocks

16:14 EDT Gladstone Commercial signs lease renewal with Yanfeng through 2029 in Michigan - Gladstone Commercial announced that it signed a lease renewal with Yanfeng through August 31, 2029 at its 1833 Frenchtown Center Drive industrial property in Monroe, Michigan, a suburb of Detroit. This lease renewal continues Yanfeng's existing tenancy that began in 2008. Yanfeng executed a six-year lease extension for the entire 315,000 square foot property, providing contractual rental revenue of more than $10M during the extension term. Yanfeng also has the right to request that the building be expanded to accommodate their growing demand.
TERN

Hot Stocks

16:13 EDT Terns initiates dosing in study of VAP-1 Inhibitor TERN-201 in NASH treatment - Terns Pharmaceuticals announced the initiation of patient dosing in the AVIATION Trial, a Phase 1b clinical trial evaluating TERN-201, an orally-administered, highly selective inhibitor of vascular adhesion protein-1 VAP-1 in patients with NASH. The AVIATION Trial is a multi-center, randomized, double-blind, dose-ranging, placebo-controlled, proof of concept, adaptive, Phase 1b clinical trial to evaluate the safety, pharmacokinetics, pharmacodynamics, and efficacy of TERN-201 in patients with presumed non-cirrhotic NASH and a cT1 value of greater than 800ms. Corrected T1, or cT1, is a magnetic resonance-based imaging test measuring liver inflammation and fibrosis that has been associated with clinical outcomes and liver histology. The primary objective of the AVIATION Trial is to evaluate the safety and tolerability of TERN-201 versus placebo when given for 12 weeks in patients with NASH. The clinical trial will be conducted in two parts: Part 1 of the trial has begun with a dose of 10 mg as compared to placebo while Part 2 is expected to enroll additional dose cohorts of TERN-201 based on an interim assessment of the 10 mg cohort. Each part of the AVIATION Trial is planned to include approximately 20 patients receiving each of the designated doses of TERN-201 and approximately 10 patients receiving placebo. The clinical trial will also explore the effects of TERN-201 on NASH imaging biomarkers (such as cT1) and NASH blood biomarkers. Preliminary topline 12-week data from Part 1 and Part 2 of the AVIATION Trial are expected in 1H 2022 and 2H 2022, respectively. "Increasing evidence points to the role of VAP-1 in recruiting white blood cells to the liver as a key factor driving liver inflammation and fibrosis in people living with NASH," said Erin Quirk, M.D., President, Chief Medical Officer and Head of R&D at Terns, "We are excited by TERN-201's selective VAP-1 inhibition and its potential anti-inflammatory and anti-fibrotic effects which may complement the anti-steatotic activity seen with our other product candidates. Initiation of the AVIATION Trial is an important step towards a single once-daily pill as an effective NASH treatment."
ADVM

Hot Stocks

16:12 EDT Adverum Biotechnologies CFO Leone Patterson resigns, Peter Soparkar named COO - Adverum Biotechnologies announced that Leone Patterson, president and CFO, has resigned to pursue another opportunity. Christopher DeRespino, Adverum's chief business officer, will serve as acting CFO and Peter Soparkar, chief legal officer, has been appointed COO. Both appointments are effective immediately, with DeRespino and Soparkar reporting to Laurent Fischer, Adverum's president and CEO. DeRespino will provide strategic leadership for the company's financial operations and planning, procurement, corporate strategy, and business development. He has more than 15 years of experience in the biopharmaceutical industry and consulting. Soparkar will lead the company's human resources, legal, information technology, facilities, and select other functions. He has over 15 years of experience, including corporate development, corporate governance, legal, regulatory, commercial, and public compliance activities, for biotechnology companies as well as at a leading international law firm. Previously, Soparkar was chief legal officer and head of human resources at Counsyl where he also served as corporate secretary and head of compliance.
FDX

Hot Stocks

16:10 EDT FedEx falls about 4% to $291.58 after Q4 results and guidance
SON ATH

Hot Stocks

16:09 EDT Sonoco reduces pension obligation by $1.4B, announces lump-sum payments - Sonoco (SON) announced the purchase of group annuity contracts from Athene Holding (ATH) which transfers approximately $900M of the Company's U.S. pension plan obligations to Athene's wholly owned subsidiaries, Athene Annuity and Life Company and Athene Annuity & Life Assurance Company of New York. Athene is a leader within the pension risk transfer industry, partnering with plan sponsors and intermediaries on more than $18.5B of transactions to support over 300,000 annuitants as of March 31. The purchase of the group annuity contracts transfers the responsibility for pension benefit payments to Athene for approximately 8,300 Sonoco participants or their beneficiaries under the frozen Sonoco Products Pension Plan for Inactive Participants . The purchase of the group annuity contracts is being funded entirely by Plan assets. In May 2021, the Plan settled $488 million of Plan liabilities through lump-sum payments to approximately 2,250 participants who elected lump-sum distributions of their Plan benefits. Related to these pension de-risking activities, Sonoco has made $133 million in Plan contributions during the second quarter of 2021.
RVMD

Hot Stocks

16:08 EDT Revolution Medicines publishes data on mTORC1-selective inhibitors - Revolution Medicines announced the publication of an original scientific paper in Nature Chemical Biology describing anti-tumor effects of bi-steric mTORC1-selective inhibitors that potently suppress phosphorylation of 4EBP1, a translational regulator of oncogene expression. In preclinical models of cancers with mutations that drive mTORC1 hyperactivation, a series of bi-steric inhibitors demonstrated the favorable anti-tumor effects and tolerability of deeply and selectively inhibiting mTORC1 compared to earlier generations of mTOR inhibitors. Mutations that cause hyperactive mTORC1 signaling are found in tumors with and without co-existent RAS mutations. This original research was led by scientists at Revolution Medicines and conducted in collaboration with the Neal Rosen Lab at the Memorial Sloan Kettering Cancer Center, as well as researchers from McGill University and The Karolinska Institute. Revolution Medicines recently advanced RMC-5552, the company's investigational first-in-class bi-steric mTORC1 inhibitor, into clinical development. RMC-5552 is a potent and selective inhibitor of mTORC1 that is being developed as an anti-cancer therapeutic for patients with solid tumors that exhibit hyperactivation of the mTOR pathway, including certain RAS-addicted cancers. The compound is designed to inhibit mTORC1 and thereby protect the natural tumor suppressor activity of 4EBP1, without the undesirable inhibition of mTORC2. RMC-5552 has demonstrated anti-tumor activity in a wide variety of preclinical models. Revolution Medicines has also reported in vivo data demonstrating that RMC-5552 may increase anti-tumor activity in combination with KRASG12C inhibitors in lung and colon cancers harboring both KRAS mutations and co-mutations in the mTOR signaling pathway that can cause resistance to single agent RAS inhibition.
DV

Hot Stocks

16:07 EDT DoubleVerify set to join Russell 3000 Index - DoubleVerify 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, according to a preliminary list of additions posted earlier this month. "We are honored to earn an inclusion in the Russell indexes shortly after our IPO in April, as this represents another key milestone for DoubleVerify," said Mark Zagorski, CEO of DoubleVerify. "We are confident that this will increase our exposure to investors, partners and clients as we continue to focus on our mission to create a stronger, safer and more secure digital advertising ecosystem. We look forward to further engaging with the investment community and introducing our high-growth story to a broader audience."
FDX

Hot Stocks

16:06 EDT FedEx CEO says optimistic about future and meeting 'strong demand' - CEO Frederick W. Smith says: "We continue to play an important role in global economic recovery and the delivery of COVID-19 vaccines and relief supplies throughout the U.S., Canada and more than 35 other countries. I am optimistic about the future of FedEx as we continue to innovate for our customers and meet strong demand for our global transportation network and capabilities."
PSAC

Hot Stocks

16:06 EDT Property Solutions Acquisition declares S-4 registration statement effective - Property Solutions Acquisition Corp. announced that the U.S. Securities and Exchange Commission has declared effective its Registration Statement on Form S-4, filed in connection with the previously announced proposed business combination with FF Intelligent Mobility Global Holdings Ltd., the parent company of Faraday Future. "We are excited to reach this milestone in the transaction process, and with the approval from PSAC stockholders, we look forward to completing the proposed business combination with FF as the company enters its next chapter as a public company," said Jordan Vogel, Chairman and Co-CEO of PSAC.
MMI

Hot Stocks

16:05 EDT Marcus & Millichap unit brokers $69.1M central Phoenix sale - Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Level at Sixteenth, a 240-unit, mid-rise apartment community in the urban core of Phoenix, Arizona. The property traded at $69.1M, or $287,917 per unit. "Transformed from an obsolete 1950s-vintage retail center into a luxury multifamily community in 2010, Level at Sixteenth is a modern, podium-constructed asset with a recognizable value-add opportunity," said Steve Gebing, IPA executive managing director. "The scarcity of developable land in the area supports investment by providing shelter from future multifamily competition." Gebing and IPA executive managing director Cliff David represented the seller, an affiliate of Abacus Capital Group and procured the buyer, Sares Regis Group.
HCAT

Hot Stocks

16:02 EDT Health Catalyst to acquire Twistle, terms not disclosed - Health Catalyst announced that it has entered into a definitive agreement to acquire Twistle, an Albuquerque, New Mexico-based healthcare patient engagement SaaS technology company that automates patient-centered, HIPAA-compliant communication between care teams and patients to transform the patient experience, drive better care outcomes, and reduce healthcare costs. Health Catalyst expects to fund the transaction using a mix of stock and cash. The parties expect the transaction, which is subject to customary closing conditions, to close in early Q3.
AXNX

Hot Stocks

16:02 EDT Axonics files PMA supplement with FDA for implantable sacral neurostimulator - Axonics has filed a premarket approval supplement with the FDA for its newly developed, long-lived, non-rechargeable sacral neuromodulation implantable neurostimulator. Axonics has designed its new non-rechargeable SNM system to replicate key features of its currently marketed, FDA-approved rechargeable SNM system, which provides patients with clinically significant, durable symptom relief and high levels of satisfaction. Raymond W. Cohen, chief executive officer of Axonics, commented, "Since the company's founding, we have focused on developing best-in-class, patient-centric SNM solutions. Our rechargeable system introduced innovations to the SNM category that clinicians and patients had been requesting for years - longevity in the body, MRI compatibility, a miniaturized implant and a fuss-free patient remote control that is easy for patients to use. Our new non-rechargeable system is similarly groundbreaking - a relatively small and thin INS with an expected life in the body that is more than double the competitor's non-rechargeable device. We are confident that the introduction of our non-rechargeable device will continue to drive market expansion and advance Axonics on its path to SNM market leadership."
VZ

Hot Stocks

16:00 EDT Verizon's Skyward and FAA to test cellular-connected drones - Skyward, A Verizon company, has signed a Memorandum of Agreement, or MOA, with the Federal Aviation Administration, or FAA, to test cellular-connected drones, the company announced. "This announcement reaffirms that drone technology like the software developed by Skyward is one of the innovations needed to empower cellular-connected drones to unlock complex operations like beyond visual line of sight, universal traffic management, and one-to-many operations," the company stated.
WEN...

Hot Stocks

15:56 EDT Wendy's announces new plant-based sandwich 'Spicy Black Bean Burger' - Wendy's (WEN) announced the addition of a new plant-based sandwich, the Spicy Black Bean Burger. "Beginning June 28, Wendy's fans in Columbus, Pittsburgh and Jacksonville who are craving extra heat this summer can enjoy texture, crunch and flavor in every Spicy Black Bean Burger bite while supplies last," said Carl Loredo, U.S. Chief Marketing Officer for Wendy's. The Fly notes that Wendy's competes with McDonald's (MCD) in the fast food space, and Beyond Meat (BYND), which is down 2.6% in late afternoon trading, is a suppler of a plant- based meatless burger alternative.
BYND...

Hot Stocks

15:50 EDT Wendy's announces new plant-based sandwich 'Spicy Black Bean Burger' - Wendy's (WEN) announced the addition of a new plant-based sandwich, the Spicy Black Bean Burger. "Beginning June 28, Wendy's fans in Columbus, Pittsburgh and Jacksonville who are craving extra heat this summer can enjoy texture, crunch and flavor in every Spicy Black Bean Burger bite while supplies last. Our Made to Crave menu is a destination for customers seeking bold ingredients and flavor innovation," said Carl Loredo, U.S. Chief Marketing Officer for The Fly notes that Wendy's competes with McDonald's (MCD) in the fast food business, while Beyond Meat (BYND) supplies a plant- based meatless burger alternative.
INCY

Hot Stocks

15:33 EDT Incyte announces ODAC vote to delay retifanlimab regulatory decision - Incyte announced the outcome of a meeting of the Oncologic Drugs Advisory Committee, or ODAC, of the FDA, which reviewed the Biologics License Application, or BLA, for retifanlimab, an intravenous PD-1 inhibitor, as a potential treatment for adult patients with locally advanced or metastatic squamous cell carcinoma of the anal canal, or SCAC, who have progressed on, or who are intolerant of, platinum-based chemotherapy. The Committee voted 13-4 that a regulatory decision on retifanlimab for the treatment of advanced or metastatic SCAC should be deferred until further data are available from clinical trial POD1UM-303, a confirmatory trial in platinum-naive advanced SCAC that is currently underway.
MAT

Hot Stocks

15:31 EDT Mattel, MGM developing Polly Pocket live-action movie - Mattel announced plans to develop Polly Pocket, Mattel's micro-doll line, into a live-action motion picture. Mattel Films is working with Metro Goldwyn Mayer, or MGM, Lena Dunham's production company Good Thing Going, and Lily Collins on the project. Dunham will also write and direct the family comedy with Collins starring in the leading role as Polly. The film follows a young girl and a pocket-sized woman who form a friendship.
RARE

Hot Stocks

14:59 EDT Ultragenyx treatment of glycogen storage disease type III granted orphan status - Ultragenyx Pharmaceutical's treatment of glycogen storage disease type III was granted orphan designation by the FDA, according to a post to the agency's website. Reference Link
EJH

Hot Stocks

14:56 EDT E Home Household Service Holdings Ltd trading resumes
EJH

Hot Stocks

14:46 EDT E Home Household Service Holdings Ltd trading halted, volatility trading pause
INCY

Hot Stocks

14:45 EDT FDA advisors suggest decision on Incyte's retifanlimab should be deferred - Asked "Should a regulatory decision on retifanlimab for the treatment of advanced or metastatic squamous carcinoma of the anal canal be deferred until further data are available from clinical trial POD1UM303?," a panel of FDA advisors voted 13 "Yes" to four "No," according to media accounts of the advisory committee meeting. Reference Link
FRX BODY

Hot Stocks

14:15 EDT Forest Road Acquisition holders approve three-way business combination - Forest Road Acquisition (FRX) announced that its stockholders have voted to approve the proposed three-way business combination with The Beachbody Company Group and Myx Fitness Holdings at its special meeting of stockholders. The business combination is expected to close on June 25. As previously announced, the combined company will be named Beachbody Company and its common stock and warrants are expected to start trading on the New York Stock Exchange under the new ticker symbols "BODY" and "BODY WS," respectively, on June 28.
AMZN

Hot Stocks

14:15 EDT Teamsters union votes to formalize resolution to support Amazon workers - International Brotherhood of Teamsters said union delegates have voted overwhelmingly to formalize a resolution to address Amazon's exploitation of its employees, contractors and employees of contractors by "committing all levels of the union to unite with core platforms of member engagement, worker and community engagement, antitrust enforcement and policy reform, and global solidarity." The resolution states that the union will fully fund and support the Amazon Project and supply all resources necessary. It also calls for ultimately creating a special Amazon Division to aid Amazon workers and defend and protect the standards in Teamster-represented industries from the "existential threat that is Amazon," the union said. "Amazon presents a massive threat to working-class communities and good jobs in the logistics industry," said Randy Korgan, Teamsters National Director for Amazon. "Amazon workers face dehumanizing, unsafe and low-pay jobs, with high turnover and no voice at work. The Teamsters have fought hard to create and protect worker standards in the warehouse and delivery industries for more than 100 years while helping build worker power before meaningful labor laws were in place. Amazon workers are calling for safer and better working conditions and with today's resolution we are activating the full force of our union to support them." Reference Link
VMC...

Hot Stocks

14:14 EDT Biden, Harris announce support for $1.2T Bipartisan Infrastructure Framework - President Biden and Vice President Harris announced their support for the Bipartisan Infrastructure Framework, which the White House calls "the largest long-term investment in our infrastructure and competitiveness in nearly a century - an investment that will make our economy more sustainable, resilient, and just." The $1.2 trillion Bipartisan Infrastructure Framework is "a critical step in implementing President Biden's Build Back Better vision," the White House said in a fact sheet. The Plan "makes transformational and historic investments in clean transportation infrastructure, clean water infrastructure, universal broadband infrastructure, clean power infrastructure, remediation of legacy pollution, and resilience to the changing climate. Cumulatively across these areas, the Framework invests two-thirds of the resources that the President proposed in his American Jobs Plan," the White House added. Reference Link
FTIV PWP

Hot Stocks

14:10 EDT Perella Weinberg Partners to start trading under ticker 'PWP' after closing deal - Perella Weinberg Partners (PWP), a global independent advisory firm, and FinTech Acquisition Corp. IV (FTIV), a special purpose acquisition company, announced that they have completed their previously announced business combination. The combination was approved at a special meeting of stockholders of FinTech IV on June 22 and closed today, June 24. The combined company now operates as Perella Weinberg Partners, and PWP's Class A common shares and warrants will begin trading on NASDAQ under the ticker symbols "PWP" and "PWPPW", respectively, starting tomorrow, June 25. FinTech IV's public units separated into their component securities upon consummation of the business combination and, as a result, no longer trade as a separate security and are being delisted from NASDAQ.
RCL

Hot Stocks

13:18 EDT Royal Caribbean names Silvia Garrigo as chief ESG officer - Royal Caribbean Group announced that Silvia Garrigo will join the company June 28 as Senior Vice President and Chief Environmental, Social and Governance Officer, reporting to Chairman and CEO Richard Fain. "I am thrilled to have Silvia join to help us continue our leadership and commitment to ESG," said Fain. "Silvia has advised several companies on purpose-driven and practical ESG strategies and programs, and she understands the interplay of legal, geo-political, social and environmental issues in a global business context. Bringing her to Royal Caribbean Group affirms our commitment to going above and beyond for the health and success of our planet and our people."
SRNE

Hot Stocks

13:17 EDT Sorrento receives EUA approval, import license from COFEPRIS for COVI-STIX - Sorrento Therapeutics announced that following its receipt of EUA approval from COFEPRIS under registration number "OFICIO: CAS/10720/2021", it is establishing a local "Sorrento Mexico Ltd" subsidiary to manage commercial operations in Mexico. COVI-STIX is a sensitive and rapid diagnostic test for the detection of the SARS-CoV-2 virus nucleocapsid antigen in nasal or nasopharyngeal samples of patients . COFEPRIS issued Emergency Use Authorization approval and an importation permit for COVI-STIX on June 14, 2021. Sorrento will commercially launch the COVI-STIX test in Mexico with the first shipments expected to be delivered in July.
SPY...

Hot Stocks

12:46 EDT President Biden says 'struck a deal' on infrastructure - President Joe Biden tweeted: "We've struck a deal. A group of senators - five Democrats and five Republicans - has come together and forged an infrastructure agreement that will create millions of American jobs." Potential beneficiaries of infrastructure spending plans in the U.S. include Vulcan Materials (VMC), U.S. Steel (X), Martin Marietta (MLM), Vale (VALE), Cleveland-Cliffs (CLF), Nucor (NUE), Caterpillar (CAT), Deere (DE) Oshkosh (OSK) and Freeport McMoRan (FCX).
VWAGY

Hot Stocks

12:33 EDT Skoda targets 50%-70% of car sales in Europe to be electric by 2030 - Thomas Schafer, CEO of Volkswagen unit Skoda, said that the Czech car business is seeking to have fully electric Skoda models account for about 50%-70% of sales in Europe by 2030. "By 2030, we want to be one of the top five best-selling brands in Europe," the CEO said, adding that this is to be achieved by offering affordable models, such as the new SKODA FABIA, while expanding the range of electrified cars. "We will add at least three more fully electric models to our portfolio by 2030," Schafer announced. The company is also betting on online sales, with one in five Skoda cars due to be sold this way by 2025. Reference Link
GPRK

Hot Stocks

12:06 EDT GeoPark co-founder initiating 'vote no' campaign against directors - Gerald O'Shaughnessy of GP Investments, owner of 10.7% of GeoPark's outstanding shares, issued an open letter to the company's shareholders announcing that he was is initiating a "vote no" campaign against four directors of GeoPark at the annual meeting of shareholders. The letter states in part: "As many of you know, I co-founded GeoPark in 2002 and currently hold 10.7% of the outstanding shares of the Company, making me its second largest shareholder. I am writing to you now because I am deeply concerned about the path the Company is currently on. In my view, the issues plaguing the Company stem from a common source: for years, Jim Park has been allowed to operate as an imperial CEO, abetted by certain members of the Board of Directors who have blindly followed Mr. Park and failed to exert basic oversight over management or the Company's strategy...This is why I urge you to vote AGAINST incumbent directors Robert Bedingfield, Constantin Papadimitriou, Pedro Aylwin and James Park at the upcoming AGM to be held on July 15, 2021. A vote against these incumbents will send a clear message to the Board that it must listen to concerned shareholders and it must not continue down its current path.
WMT

Hot Stocks

12:02 EDT Walmart MoneyCard by Green Dot now offered as demand deposit account - Walmart (WMT) and Green Dot (GDOT) announced the Walmart MoneyCard issued by Green Dot Bank is now offered as a demand deposit account, or "DDA, "better equipped to help Walmart customers save money and live better." The companies said: "New and existing Walmart MoneyCard account holders may now access Green Dot Bank's more comprehensive digital banking platform similar to a traditional banking account, plus the ease and convenience of managing their finances either digitally or at Walmart's 4,500-plus locations or Green Dot's 90,000-plus retail distribution locations nationwide."
MSFT

Hot Stocks

12:01 EDT Microsoft introduces Windows 11 with Teams, Game Pass integration - Microsoft unveiled Windows 11, which is "designed to bring you closer to what you love." "We've simplified the design and user experience to empower your productivity and inspire your creativity, the company said in a blog post. "With Windows 11, we're excited to introduce Chat from Microsoft Teams integrated in the taskbar," the post continued. "Now you can instantly connect through text, chat, voice or video with all of your personal contacts, anywhere, no matter the platform or device they're on, across Windows, Android or iOS. If the person you're connecting to on the other end hasn't downloaded the Teams app, you can still connect with them via two-way SMS." The company added that Windows 11 "unlocks the full potential" of a PC's hardware for gaming, adding that Xbox Game Pass will be built into the OS via the Xbox app. "We're also pumped to announce that we are bringing Android apps to Windows for the first time," the company said. "Starting later this year, people will be able to discover Android apps in the Microsoft Store and download them through the Amazon Appstore - imagine recording and posting a video from TikTok or using Khan Academy Kids for virtual learning right from your PC." "For IT, Windows 11 is built on the consistent, compatible and familiar Windows 10 foundation you know," Microsoft added. "You'll plan for, prepare and deploy Windows 11 just as you do today with Windows 10. Upgrading to Windows 11 will be like taking a Windows 10 update." Reference Link
HKIB

Hot Stocks

12:00 EDT AMTD International falls -7.2% - AMTD International is down -7.2%, or -49c to $6.31.
DV

Hot Stocks

12:00 EDT DoubleVerify falls -9.3% - DoubleVerify is down -9.3%, or -$4.00 to $39.08.
RAD

Hot Stocks

12:00 EDT Rite Aid falls -12.0% - Rite Aid is down -12.0%, or -$2.44 to $17.98.
XYF

Hot Stocks

12:00 EDT X Financial rises 11.6% - X Financial is up 11.6%, or $1.12 to $10.78.
RCUS

Hot Stocks

12:00 EDT Arcus Biosciences rises 13.6% - Arcus Biosciences is up 13.6%, or $3.19 to $26.59.
SEMR

Hot Stocks

12:00 EDT Semrush rises 18.1% - Semrush is up 18.1%, or $3.67 to $23.86.
HPQ MSFT

Hot Stocks

11:48 EDT HP says currently shipping Windows-based PCs to be upgradeable to Windows 11 - HP Inc. (HPQ) has announced its currently shipping portfolio of Windows-based PCs are expected to be upgradeable to Windows 11 when available later this year. "The PC is essential, enabling people to create, consume, and collaborate in unique and authentic ways. Our ambition is to empower people with breakthrough PC experiences no matter where they work, play, or learn," said Mike Nash, Chief Technologist and global head of Customer Experience and Portfolio Strategy, Personal Systems at HP Inc. "HP's collaboration and feedback during the Windows 11 planning process has been extremely valuable. We look forward to HP launching their new devices that will light up Windows 11 capabilities and provide new experiences to our joint customers around the world," added Nicole Dezen, Vice President, Device Partner Sales at Microsoft (MSFT).
KR

Hot Stocks

11:38 EDT Kroger raises quarterly dividend 17% to 21c per share - The Kroger Co.'s Board of Directors approved a dividend increase from 72c to 84c per year. The next quarterly dividend of 21c per share will be paid on September 1, 2021 to shareholders of record as of the close of business on August 13, 2021.
MSFT

Hot Stocks

11:32 EDT Microsoft says Xbox Game Pass to be built into WIndows 11 via Xbox app - Microsoft is hosting a Windows 11 unveiling event, during which the company has officially noted the new OS will be dubbed Windows 11 as well as showed off a new design, Start menu and features that include Teams integration directly into Windows, as well as integrated Xbox Game Pass and xCloud for cloud gaming, according to live blogs of the event.
MSFT

Hot Stocks

11:22 EDT Microsoft unveils Windows 11 with direct Teams integration - Microsoft is hosting a Windows 11 unveiling event, during which the company has officially noted the new OS will be dubbed Windows 11 as well as showed off a new design, Start menu and features that include Teams integration directly into Windows, according to live blogs of the event.
MOXC

Hot Stocks

11:21 EDT Moxian Inc trading resumes
MOXC

Hot Stocks

11:16 EDT Moxian Inc trading halted, volatility trading pause
GS BC

Hot Stocks

11:06 EDT Goldman Sachs, Altor to sell Navico to Brunswick for $1.05B - Goldman Sachs Asset Management Division (GS) and Altor Fund IV announced that they have agreed to sell Navico to Brunswick Corporation (BC). Navico is a provider of marine electronics to the recreational segment, selling its products under the Lowrance, Simrad, B&G, and C-MAP brands, and offering a full range of advanced marine electronics solutions. The product portfolio includes networked display systems, standalone displays, sonars, radars, autopilots, gyros, instruments as well as cartography and software products. Navico has also extended its portfolio of networked products into other areas such as trolling motors, integration and connectivity and digital services. Goldman Sachs and Altor acquired Navico in 2016 from Altor 2003 Fund, recognizing its value proposition arising from its being a pure-player in marine electronics, its strong R&D and product organization, and its differentiated brand strategy targeting distinctive customer segments. Over the past 5 years, Goldman Sachs and Altor have worked with Navico's management to further scale Navico globally, recruiting top talent in the industry, building a strong digital presence by launching e-commerce initiatives, and expanding its global footprint with a goal of becoming a global leader in recreational marine electronics. The selling shareholders and Marine Innovations Group AS were advised by Goldman Sachs Bank Europe SE, Sweden Bankfilial, Carnegie Investment Bank, Sullivan & Cromwell LLP and Wiersholm. The closing of the transaction is anticipated during the second half of 2021, and is subject to, among other things, regulatory and antitrust review and approval.
MRK

Hot Stocks

11:02 EDT Merck appoints Michael Klobuchar as CSO - Merck announced that Michael Klobuchar has been appointed executive vice president and chief strategy officer, a newly created role, effective July 5, 2021. As chief strategy officer, Klobuchar will become a member of Merck's Executive Committee and lead the advancement and execution of the company's strategy. Klobuchar is currently senior vice president, Merck Research Laboratories Finance and Global Project and Alliance Management.
CRTO...

Hot Stocks

11:01 EDT Criteo says Google third-party cookie phase out delay 'welcome news' - Criteo (CRTO) issued a statement after Google (GOOG, GOOGL) delayed phasing out of third-party cookies in the Chrome browser. Criteo said: "Today's announcement is welcome news for the people who rely on a vibrant and healthy open internet. We appreciate Google's decision to create more time for the industry to prepare, but the extended deadline does not in any way change or impact Criteo's strategy. We continue to build products that will enable our customers to reach and engage their audiences without third-party identifiers. This includes investment in our first-party media network, cohort-based targeting, initiatives in Google's Privacy Sandbox, and contextual advertising, all of which allow marketers to effectively engage with their customers in a privacy-safe and consented manner."
VMEO

Hot Stocks

10:23 EDT Some Vimeo contracts renewing with lower pricing says Frost & Sullivan's Rayburn - Dan Rayburn, a principal analyst at Frost & Sullivan, said via Twitter that some Vimeo contracts are renewing with "much lower pricing in Q2, compared to 2020. In some cases, pricing down by 75%. Also interesting to see Vimeo just slashed pricing on their OTT "growth" plan down to $500 a month and cut the bandwidth allocation down to 60TB." Reference Link
CCL CUK

Hot Stocks

10:10 EDT Carnival sees potential for improved EBITDA in 2023 vs. 2019
DBGI AMZN

Hot Stocks

10:05 EDT Digital Brands announces channel expansion into Amazon marketplace - Digital Brands (DBGI) announced that they are expanding their already expansive e-commerce ecosystem by launching a select group of brands on Amazon (AMZN) this Fall. Laura Dowling, DBG's Chief Marketing Officer, said, "Amazon adds an additional customer acquisition channel to our marketing strategy. We have reviewed data from several apparel brands that have leveraged Amazon's marketplace and we are excited about the opportunity this channel adds to our customer acquisition and brand awareness... Amazon is a juggernaut in the retail industry regardless what category you are in. It is imperative to any brand to have a well-designed, high traffic presence on the platform to add to brand recognition and promote sales both through the platform and on other channels the bottom line," said Laura Dowling. "Our data gives DBG great confidence we can hit above average conversion rates at a cost for customer acquisition compared to industry standards, we look forward to sharing the results of this project in the coming months."
CCL CUK

Hot Stocks

10:05 EDT Carnival: On a path to return to full fleet operations - Comments taken from Q2 business update conference call.
TALO

Hot Stocks

10:00 EDT Talos Energy falls -5.8% - Talos Energy is down -5.8%, or -$1.08 to $17.57.
KBH

Hot Stocks

10:00 EDT KB Home falls -6.6% - KB Home is down -6.6%, or -$2.87 to $40.50.
RAD

Hot Stocks

10:00 EDT Rite Aid falls -14.6% - Rite Aid is down -14.6%, or -$2.99 to $17.43.
DHX

Hot Stocks

10:00 EDT DHI Group rises 13.6% - DHI Group is up 13.6%, or 38c to $3.17.
CXM

Hot Stocks

10:00 EDT Sprinklr rises 13.6% - Sprinklr is up 13.6%, or $2.40 to $20.00.
SEMR

Hot Stocks

10:00 EDT Semrush rises 14.8% - Semrush is up 14.8%, or $2.99 to $23.19.
DRIO

Hot Stocks

09:51 EDT DarioHealth selected as digital health provider by Coastal Family Health Center - DarioHealth announced earlier that it has been selected as digital health provider by Coastal Family Health Center, a local, non-profit healthcare network providing comprehensive primary care to patients across several underserved counties in and around the Mississippi Gulf Coast. The initial focus of the engagement will be Dario's Remote Patient Monitoring, or RPM, solution for hypertension and the prevention of related cardiac events. "Today's announcement is just the beginning of an exciting set of new Business-to-Business - B2B- channel clients that we intend to announce over the coming weeks with providers, employers and payers. We are very pleased to have been selected by Coastal Family Health Center for their digital health needs following a rigorous evaluation process that included many of the major competitors in our industry. We believe our selection by Coastal Family Health Center reflects not only the strength of our RPM capabilities, but also our differentiated 'customer-first' approach that allows us to tailor our program to their specific needs while opening up access to healthcare to support patients when and how they need," stated Rick Anderson, President and General Manager of North America at DarioHealth.
AMPG

Hot Stocks

09:49 EDT AmpliTech Group secures follow-on order for low noise amplifier technology - AmpliTech Group announced it has secured a follow-on order for its low noise amplifier technology from a Fortune 500 global defense and aerospace customer. The products are expected to ship in Q3'21.
TALO

Hot Stocks

09:47 EDT Talos Energy falls -6.2% - Talos Energy is down -6.2%, or -$1.15 to $17.50.
ENFA...

Hot Stocks

09:47 EDT BuzzFeed to acquire Complex Networks in $300M deal - As part of the transaction, BuzzFeed's CEO Jonah Peretti and 890 Fifth Avenue Partners chairman Adam Rothstein also announced an agreement with Hearst and Verizon to acquire Complex Networks, a global youth entertainment company with massive reach through content and events spanning streetwear and style, food, music, sneakers, and sports. The $300M acquisition - made up of $200M in cash and $100M of equity in BuzzFeed - will be completed simultaneously with the closing of BuzzFeed's merger with 890 Fifth Avenue Partners Inc., and will immediately accelerate BuzzFeed's revenue growth through synergies and monetization opportunities, and solidify BuzzFeed's leadership as the preeminent youth digital media platform. The companies said, "With this acquisition, BuzzFeed becomes even better-positioned to thrive in an age of media consolidation. BuzzFeed has a strong portfolio of brands in key categories: Complex Networks, encompassing streetwear and fashion, food, music, and pop culture; two Pulitzer-Prize winning newsrooms, BuzzFeed News and HuffPost; BuzzFeed Entertainment, the flagship entertainment brand that curates the Internet and culture, and brings joy to its audience with quizzes, lists, and more; and Tasty Lifestyle Brands, which includes the world's largest food network and several other lifestyle brands that help its audiences live better."
DQ

Hot Stocks

09:47 EDT Daqo New Energy falls -9.0% - Daqo New Energy is down -9.0%, or -$5.22 to $52.86.
RAD

Hot Stocks

09:47 EDT Rite Aid falls -12.1% - Rite Aid is down -12.1%, or -$2.48 to $17.94.
CXM

Hot Stocks

09:47 EDT Sprinklr rises 13.6% - Sprinklr is up 13.6%, or $2.39 to $19.99.
DHX

Hot Stocks

09:47 EDT DHI Group rises 18.6% - DHI Group is up 18.6%, or 52c to $3.31.
RCUS

Hot Stocks

09:47 EDT Arcus Biosciences rises 21.1% - Arcus Biosciences is up 21.1%, or $4.94 to $28.34.
SNAP VIVHY

Hot Stocks

09:46 EDT Snap rallies after music, Lenses agreement with Universal Music Group - Vivendi's Universal Music Group and Snap (SNAP) announced an agreement that will allow Snapchat's users to incorporate UMG's catalog of recorded music and content into creative tools, including Sounds and augmented reality Lenses. Under the terms of the innovative multi-year agreement, UMG's entire recorded music catalog is available on a global basis in Snapchat's Sounds tool, including Search and curated Playlists. UMG is additionally developing augmented reality music Lens content featuring the company's artists that will be regularly available in Snap's Lens Carousel and Lens Studio, with the opportunity to feature merchandise launches and e-commerce experiences. Shares of Snap are up 3%, or $1.72, to $68.09 in early trading.
ENFA...

Hot Stocks

09:45 EDT BuzzFeed to become publicly listed via merger 890 5th Avenue Partners - BuzzFeed announced that it will merge with 890 Fifth Avenue Partners (ENFA) to become a public company. 890 Fifth Avenue Partners Inc. has $288M in trust. The transaction includes an additional $150M in convertible note financing led by Redwood Capital Management and including CrossingBridge Advisors, Cohanzick Management, and Silver Rock Financial LP. The parent company will be known as BuzzFeed Inc. after the merger and listed on the public market under the ticker symbol "BZFD." BuzzFeed's management team will remain in place, with Jonah Peretti, BuzzFeed's Founder and CEO, and Felicia DellaFortuna, its CFO, continuing in their roles along with other executive team members. In addition, Adam Rothstein, Executive Chairman of 890 Fifth Avenue Partners Inc., and Greg Coleman, an advisor to 890 Fifth Avenue Partners Inc. and former BuzzFeed President, will join BuzzFeed's Board of Directors. Two additional board members will also be announced in the coming months bringing additional expertise and representation to the combined company. As part of the transaction, Peretti and Rothstein also announced an agreement with Hearst and Verizon (VZ) to acquire Complex Networks, a global youth entertainment company with massive reach through content and events spanning streetwear and style, food, music, sneakers, and sports. The $300M acquisition - made up of $200M in cash and $100M of equity in BuzzFeed - will be completed simultaneously with the closing of BuzzFeed's merger with 890 Fifth Avenue Partners Inc., and will immediately accelerate BuzzFeed's revenue growth through synergies and monetization opportunities, and solidify BuzzFeed's leadership as the preeminent youth digital media platform. The transaction has been approved by the boards of directors of both BuzzFeed and 890 Fifth Avenue Partners. The transaction is expected to close in the fourth quarter of 2021, subject to the satisfaction of customary closing conditions, including the approval of 890 Fifth Avenue Partners' stockholders. The transaction is expected to deliver approximately $288M of cash held in 890 Fifth Avenue Partners' trust account from its initial public offering in January 2021. The transaction is further supported by a $150M convertible note financing from institutional investors, led by Redwood Capital Management and including CrossingBridge Advisors, Cohanzick Management, and Silver Rock Financial LP.
RAMP...

Hot Stocks

09:40 EDT LiveRamp up 3% to $46.21 after Google delays third-party cookie phase out
GOOG GOOGL

Hot Stocks

09:39 EDT Google delays phase out of third-party cookies to end of 2023 - Google announced a timeline for Chrome's plan to phase out support for third-party cookies. "While there's considerable progress with this initiative, it's become clear that more time is needed across the ecosystem to get this right...Today, Chrome and others have offered more than 30 proposals, and four of those proposals are available in origin trials. For Chrome, specifically, our goal is to have the key technologies deployed by late 2022 for the developer community to start adopting them. Subject to our engagement with the United Kingdom's Competition and Markets Authority and in line with the commitments we have offered, Chrome could then phase out third-party cookies over a three month period, starting in mid-2023 and ending in late 2023...After this public development process, and subject to our engagement with the CMA, our plan for Chrome is to phase out support for third party cookies in two stages: Stage 1 (Starting late-2022): Once testing is complete and APIs are launched in Chrome, we will announce the start of stage 1. During stage 1, publishers and the advertising industry will have time to migrate their services. We expect this stage to last for nine months, and we will monitor adoption and feedback carefully before moving to stage 2. Stage 2 (Starting mid-2023): Chrome will phase out support for third-party cookies over a three month period finishing in late 2023." Reference Link
ONDS

Hot Stocks

09:34 EDT American Robotics, SARA partner to advance fully-autonomous drone operations - American Robotics and Scientific Applications & Research Associates announced a partnership to unlock the $100B commercial drone market by advancing Beyond-Visual-Line-Of-Sight operations in the National Airspace System. American Robotics' Scout System uses SARA's Terrestrial Acoustic Sensor Array, an acoustics-based aircraft detection technology, to effectively identify other aircraft and maintain a safe distance from them while in flight. This sensor technology combined with advanced safety features of American Robotics' Scout System enables a best-in-class Detect and Avoid capability that is fundamental to meet and exceed the Federal Aviation Administration's expectations for safe drone flight in the National Airspace System with no visual observers on the ground. On May 17, 2021, American Robotics announced it had entered into a definitive agreement to merge with Ondas Holdings.
PENN

Hot Stocks

09:31 EDT Penn National jumps 3% to $79.10 after Q2 sales outlook tops estimates
BEEM

Hot Stocks

09:30 EDT Beam Global to provide EV charging for MCAS Miramar - Beam Global announced that it will provide energy resiliency, emergency preparedness and transportable EV charging for military and civilian use at the 2021 Electric Mobility Symposium at the Marine Corps Air Station Miramar in San Diego on June 24.
CCL

Hot Stocks

09:24 EDT Carnival ends Q2 with $9.3B of cash and short-term investments - Carnival Corporation & plc CFO David Bernstein noted, "We ended the second quarter with $9.3 billion of cash and short-term investments. We believe we have sufficient liquidity to get us back to full operations and continue to be focused on pursuing refinancing opportunities to reduce interest rates and extend maturities. To date, through our refinancing efforts, we have reduced our future annual interest expense by over $120 million per year and expect to increase our near-term liquidity by $1.0 billion." CEO Donald added, "Once we return to full operations, our cash flow will be the primary driver of the company's return to investment grade credit over time, creating greater shareholder value."
DZSI

Hot Stocks

09:23 EDT NetCom BW leverages DZS Velocity solutions for fiber optic expansion - DZS announced that long-time customer NetCom BW is leveraging the advanced DZS Velocity Fiber-to-the-Home and Fiber-to-the-Curb solutions to support the expansion and modernization of its fiber optic network
CCL

Hot Stocks

09:22 EDT Carnival CEO says 'we continue to experience an acceleration in booking trends' - CEO Donald added, "Despite our minimal advertising spend, we continue to experience an acceleration in booking trends globally, including capturing significant latent demand for our new sailings this summer. This strong demand affirms confidence in our future. In addition, customer deposits grew this past quarter, a significant milestone on our path to resumption." Donald continued, "With the aggressive actions we have already taken to optimize our portfolio and reduce capacity, we believe we are well positioned to capitalize on pent up demand and to emerge a leaner more efficient company, reinforcing our global industry leading position." Booking volumes for all future cruises during the second quarter of 2021 were 45% higher than booking volumes during the first quarter of 2021. Cumulative advanced bookings for full year 2022 are ahead of a very strong 2019 as of May 31, 2021. The company highlights that this level of bookings was achieved with minimal advertising and marketing. (Due to the pause in guest cruise operations, the company's current booking trends will be compared to booking trends for 2019 sailings.) Total customer deposits as of May 31, 2021 and February 28, 2021 were $2.5B and $2.2B, respectively. During the quarter, customer deposits on new bookings exceeded the impact of refunds provided.
CCL

Hot Stocks

09:19 EDT Carnival reports 1H21 monthly average cash burn rate $500M - The company's monthly average cash burn rate for the first half of 2021 was $500M, which was better than forecasted primarily due to the timing of proceeds from ship sales and working capital changes. This monthly average cash burn rate includes revenues earned on voyages, ongoing ship operating and administrative expenses, restart spend, working capital changes (excluding changes in customer deposits), interest expense and capital expenditures (net of export credit facilities), and excludes scheduled debt maturities as well as other cash collateral to be provided. As the company continues to resume guest cruise operations, it expects to incur incremental spend relating to bringing ships out of pause status, returning crew members to its ships and implementing enhanced health and safety protocols. The phased resumption of the company's guest cruise operations continues to have a material impact on all aspects of its business, including the company's liquidity, financial position and results of operations. The company expects a net loss on both a U.S. GAAP and adjusted basis for the third quarter 2021 and full year ending November 30, 2021.
TU

Hot Stocks

09:18 EDT Telus investing $2B to expand fiber optic network in Calgary - TELUS is investing $2B to connect more than 90 per cent of Calgary homes and businesses to our PureFibre network, Western Canada's largest and only 100 per cent pure fibre-to-the-home network. TELUS has already begun to connect some communities in Calgary to the PureFibre network, and anticipates the majority of homes and businesses will be connected by the end of 2023. TELUS is also launching PureFibre X, Canada's fastest Internet speed tier, with upload and download speeds of 2.5 Gbps, giving customers access to the world's fastest fibre Internet technology with the best upload and download speeds, and fastest home Wi-Fi connection. Calgarians will be the first to access PureFibre X, which TELUS will expand to PureFibre communities across Alberta and B.C. in the months ahead.
CCL

Hot Stocks

09:18 EDT Carnival CEO says 'working aggressively' to return full fleet to operations - Carnival Corporation & plc President and CEO Arnold Donald noted, "We are working aggressively on our path to return our full fleet to operations by next spring. So far, we have announced that 42 ships, representing over half of our capacity, have been scheduled to return to serving guests by this fiscal year end. We are currently evaluating various deployment options with a focus on maximizing cash flow, while delivering a great guest experience and serving the best interests of public health." More return to service announcements will be coming in the weeks ahead. Donald added. "We can't wait to welcome all our valued guests and crew members back on board!" The company is uniquely positioned for its phased resumption in cruise travel given its multiple brands which are being restarted independently and tailored to the environment of their respective source market. Eight of the company's nine brands either have resumed or have announced they plan to resume guest cruise operations by the company's fiscal year end, November 30, 2021. 27 ships, or approximately 35% of capacity, have resumed or are announced to resume by the end of the third quarter of 2021 and an additional 15 ships, or nearly 20% of capacity, are announced to resume by the end of the fourth quarter of 2021. Together these 42 ships represent over 50% of capacity. More announcements are expected in the coming weeks which will include additional ship restarts for fiscal year 2021. Consistent with the company's planned phased resumption of guest cruise operations, it expects to have its full fleet back in operation in the spring of 2022. For more detailed information on the resumption of guest cruise operations by brand as well as the specific ships and timing of their restart, see the company press release issued yesterday, June 23, 2021. The company has been working with a number of world-leading public health, epidemiological and policy experts to support its ongoing efforts to implement enhanced health and safety protocols to help protect against and mitigate the impact of COVID-19 during cruise vacations. Initial cruises are taking place with guidance from the company's roster of medical and scientific experts and enhanced health protocols developed in conjunction with government and health authorities. Consequently, the company's brands have a comprehensive set of health and hygiene protocols that facilitate a safe and healthy return to cruise vacations. These enhanced protocols are modeled after shoreside health and mitigation guidelines as provided by each brand's respective country, and approved by all relevant regulatory authorities. Protocols will be updated based on evolving scientific and medical knowledge related to mitigation strategies.
YVR

Hot Stocks

09:17 EDT Liquid Media CEO announces business solutions strategy for IP creators - Liquid Media Group released a letter to shareholders from CEO Ronald Thomson. The letter read, in part: "The start of 2021 has been extremely productive for Liquid. As the media and entertainment markets continue to evolve globally, we see incredible opportunities to scale our business and support creators to generate sustainable success...More simply put, we felt strongly that the time for small actions was over and that a big push for our business was required, the beginnings of which are evidenced by our recent announcements to acquire iNDIEFLIX, Filmocracy and iGEMS. Think about the businesses that have achieved success on a scale that contributes to the transformation of an industry; growth through acquisition and ownership of a closed-loop system is a common thread. This trend towards consolidation has left an increasing number of independent IP creators struggling to navigate the new landscape. Enter Liquid; as an end-to-end business solutions company, we will empower storytellers to package, finance, deliver and monetize their professional video IP globally, making it easier for creatives to take their professional content from inception through the entire process to monetization. This recalibration of Liquid's business is an optimization of our existing assets and operations in response to a massively underserved need...Liquid's new platform will leverage sophisticated artificial intelligence and big data analytics technology, informed process structuring, financial risk reduction and funding, production best practices, together with monetization expertise to ensure recoupment and profitability of IP across diverse distribution. This is accomplished both through existing assets and strategic partnerships, including the recently announced Insight TV and dotstudioPRO distribution agreements, bringing our network's total audience reach to nearly a billion households worldwide...As we leverage Liquid's existing assets, infrastructure and highly experienced team, our execution program in the coming months will also encompass several accretive acquisitions together with strategic partnerships, several of which have been announced as part of our solution engine's fourth stage - Monetization + Distribution. Healthy dialogue and negotiations are ongoing for additional opportunities across stages. These complementary initiatives will work to fulfill our end-to-end solutions value proposition for the filmed entertainment industry."
VVPR

Hot Stocks

09:16 EDT VivoPower announces contract to supply generators for COVID-19 vaccine hub - VivoPower International announces that its wholly-owned subsidiary in Australia, Kenshaw Electrical, has been awarded a contract to supply and install electrical generators to a new COVID-19 mass vaccination hub soon to be opened in Belmont, New South Wales. The generators delivered by Kenshaw will support refrigeration of vaccines and air conditioning at the new hub, the second mass vaccination center to be opened in New South Wales. Located just a short distance from Kenshaw's headquarters in Newcastle, the Belmont hub will open in mid-July, with the capacity to administer up 20,000 vaccine doses per week to one of the state's most populated regions. Adam Malcolm, General Manager of Kenshaw, said: "Kenshaw is excited to have the opportunity to deliver yet another essential health infrastructure project to the people of New South Wales and our community in and around Newcastle. We are especially proud to be part of the state's second mass vaccination hub, a project that will be a vital part of helping New South Wales and Australia bounce back stronger than ever from the COVID-19 pandemic. With just six weeks from announcement of this new hub to its opening, our work here also highlights Kenshaw's capability to deliver critical, large-scale power projects in a short period of time."
QS

Hot Stocks

09:16 EDT QuantumScape to join Russell 3000 Index and Russell 1000 Index - QuantumScape announced that it is set to join the broad-market Russell 3000 Index and Russell 1000 Index at the end of the 2021 Russell indexes annual reconstitution, effective after the U.S. markets open on June 28.
BLDE ERJ

Hot Stocks

09:15 EDT Blade and Embraer unit Eve to deploy EV vertical aircraft - Blade Air Mobility (BLDE) and Eve Urban Air Mobility Solutions , a subsidiary of Embraer (ERJ), announced an arrangement for Eve to provide Blade up to 60,000 hours of flight time per year on its EVA beginning in 2026 for use in Southern Florida and West Coast markets, subject to certain considerations. Backed by Embraer's more than 50-year history of aircraft manufacturing and certification expertise, Eve unveils a unique value proposition by offering a suite of products and services. Eve's zero-emission and low noise EVA represents a simple and intuitive design that continues to reach development milestones, including the first flight of the engineering simulator in July 2020, and a proof of concept in October 2020. In parallel, Eve's Urban Air Traffic Management project reached a new milestone in its collaboration with the United Kingdom's Civil Aviation Authority to develop a scalable environment needed to host UAM flights. "Blade is aligned with our mission as they have created a platform that provides the user seamless access to Urban Air Mobility, and now with Eve to provide an experience that is quiet and without emissions. The company's platform will be instrumental in deploying our aircraft in key markets in South Florida and the West Coast of the United States. This partnership
DSS

Hot Stocks

09:14 EDT Document Security adds Ivy Brook Medical to its American Medical REIT portfolio - Document Security Systems announced its wholly owned DSS Securities subsidiary expanded its investment in American Medical REIT, or AMRE, through a $2.6M share purchase agreement. DSS Securities initially acquired 52% of AMRE in May 2020 and now owns 99% of the real estate investment trust. The additional investment in AMRE was used to fund the acquisition of Ivy Brook Medical Center, a 40,000 square foot first class, all medical facility. "While the pandemic has led to falling rents and rising vacancies in the commercial real estate markets, the health services segment is holding steady with landlords collecting rents at nearly 100% of pre-COVID levels," stated Frank D. Heuszel, CEO of DSS. "The percentage of American households with REIT stocks has nearly doubled, from 23%-44%, over the last two decades. AMRE is well positioned to capitalize on this trend, and we are excited to help facilitate this addition to its portfolio through our latest investment."
TER

Hot Stocks

09:12 EDT LitePoint provides UWB test platform validated by FiRa Consortium - LitePoint announced that it will provide the first Ultra-Wideband test platform validated by the FiRa Consortium for PHY Conformance as part of their FiRa Certified Program. The FiRa Consortium is a member-driven organization focused on the secure fine-ranging and positioning capabilities of interoperable UWB devices. LitePoint was the first test vendor to join FiRa and contribute their knowledge in device verification and certification. LitePoint's IQgig-UWB test platform has achieved the status of Validated Test Tool for the FiRa Consortium by successfully completing all the requirements for PHY conformance verification. This test solution is now available for Authorized Test Labs for PHY Conformance Certification testing or by FiRa members as part of pre-certification testing.
MDLZ

Hot Stocks

09:12 EDT Mondelez announces new food transparency program with Triscuit brand - Mondelez International announced a new food transparency program with the Triscuit brand. "Now, consumers can discover the journey of the white-winter wheat baked into some of their Triscuit crackers from a coop of farmers' fields in the thumb of Michigan to where the product is made. This data-driven, consumer-centric supply chain transparency pilot is the first of its kind for Mondelez International in North America," the company said. "We are committed to understanding and meeting the growing needs and preferences of our consumers, and those needs are evolving to a more holistic sense of well-being and value-oriented purchase decisions. Consumers are demanding more transparency about their food, and are keen to have access to information about where their food comes from and how it is grown," said Jay Cooper, President, North America Biscuits, Mondelez International. Mondelez International recently piloted a similar project in France, using blockchain technology to allow LU biscuit consumers to trace the journey of Harmony wheat from the field to shelf. Both programs were created in partnership with Connecting Food, a supply chain transparency platform powered by blockchain, to provide third-party traceability advisement and technology services.
LOTZ

Hot Stocks

09:10 EDT CarLotz plans first hub in Georgia - CarLotz announced it will open its first hub in Georgia. Located at 4400 Stone Mountain Highway in Lilburn, the hub will provide CarLotz's guests in the greater Atlanta area with access to its service, value, and inventory. The hub is expected to open later this year. "We believe that being national in reach is critical but serving local communities is a competitive advantage." said Michael Bor, Co-Founder and CEO of CarLotz. "We have sold cars on consignment for and sold cars to Georgians through our on-line marketplace for years, and now, we are thrilled to open this hub that will serve area guests with even greater ease and convenience. We are excited to be able to provide guests in Georgia with greater access to our consignment model while also becoming a part of the community in which our teammates live and work," Bor continued.
SFT

Hot Stocks

09:09 EDT Shift adds Jason Curtis as Chief Accounting Officer - Shift announced the appointment of Jason Curtis as Chief Accounting Officer. In this newly created role, Curtis will be responsible for all accounting and SEC reporting functions. Most recently, he served as CFO of Boscov's. Curtis's appointment was effective June 1, 2021.
WISH

Hot Stocks

09:08 EDT ContextLogic announces phased plan to reopen its offices - ContextLogic announced a phased plan to reopen its offices and offer the majority of its employees flexible working options. Wish will reopen its San Francisco headquarters this summer to give its Bay Area employees the option of returning to the office, working from home, or a hybrid of both. The move is part of Wish's new Flex Work Plan, which will give many of its 1,100 employees the flexibility to work from home or one of Wish's office locations, depending on their personal preferences, geographic location, and work needs. Employees returning to the San Francisco office in the first phase of Wish's reopening will be required to be vaccinated and adhere to local safety protocols. A broader reopening of Wish offices in other regions, including Toronto and Amsterdam, is targeted for Q4 2021, subject to local guidelines.
GEVO

Hot Stocks

09:08 EDT Gevo announces Tony Wells joins as Site Leader for Net-Zero 1 facility - Gevo, announced that Tony Wells has joined Gevo as its General Manager/Site Leader for its future Net-Zero 1 facility expected to be located in Lake Preston, South Dakota. Wells brings 30+ years of operations management, engineering, and business development experience across industries including corn milling, food processing, ethanol and biodiesel production. He is expected to lead and assemble the organization that will operate the Net-Zero 1 facility.
PSWW

Hot Stocks

09:07 EDT Principal Solar announces Class 6 Vehicle EV conversions - Principal Solar announced that the first two Class 6 Vehicle EV conversions for customer demonstrations are underway. Principal Solar's heavy-duty vehicle EV conversion technology is engineered to enable transportation and logistics companies of all sizes to quickly and easily transition their existing fleets from diesel to almost fully electric vehicles without the long development timelines typically required to engineer completely new platforms. Instead of an R&D process that would typically result in a multi-year timeframe from design to delivery, Principal Solar is able to reduce this significantly.
UPLD

Hot Stocks

09:07 EDT Upland Software acquires Panviva for $19.8M - Upland Software announced that it has acquired Panviva, a cloud-based enterprise knowledge management solution. Panviva provides businesses the ability to orchestrate knowledge into a single source of truth and to audit what is consumed and where. The purchase price paid for Panviva was $19.8M in cash at closing, paid out of cash on hand, and a $3.5M cash holdback payable in twelve months. Upland expects the acquisition to generate annual revenue of approximately $7.5M, all of which is recurring, and will be subject to reductions for deferred revenue discount as a result of GAAP purchase accounting, estimated at $2M for the remainder of 2021. The price paid for the acquisition is within Upland's target range of 5-8x pro forma adjusted EBITDA and it is expected that Panviva will generate at least $3.4M in adjusted EBITDA annually once fully integrated.
GILD

Hot Stocks

09:07 EDT Gilead announces data from Hepcludex study for chronic hepatitis virus - Gilead Sciences announced interim results from the Phase 2b and Phase 3 clinical trials evaluating the first-in-class entry inhibitor Hepcludex, bulevirtide, for the treatment of chronic hepatitis delta virus, HDV. Findings from the Phase 3 study support the safety and efficacy profile of bulevirtide 2 mg once daily and are being presented today as a late-breaker in the International Liver Congress 2021 Official Press Program. Results from the Phase 2b trial show that treatment with bulevirtide alone or in combination with peginterferon alfa-2a, is associated with a significant HDV RNA decline and improvements in biochemical disease activity at Week 24. The Phase 3 data will be included in the filing of bulevirtide to the U.S. Food and Drug Administration FDA later this year. Bulevirtide has been granted Breakthrough Therapy Designation and Orphan Drug status by the FDA. Hepcludex has been granted Conditional Marketing Authorization by the European Commission and PRIority MEdicines PRIME scheme eligibility by the European Medicines Agency as the first approved treatment in Europe for adults with chronic HDV and compensated liver disease.
EOLS

Hot Stocks

09:07 EDT Evolus announce article on safety of jeuveau in patients with Skin of Color - Evolus announced a peer reviewed journal article was published in Dermatologic Surgery highlighting the efficacy and safety of prabotulinumtoxinA for the treatment of moderate to severe glabellar lines, also known as frown lines between the eyes, in adult patients with Skin of Color, or SOC. The article focuses on pooled data from 492 Jeuveau-treated patients who participated in two US multicenter, randomized, double-blind, placebo-controlled, single-dose phase III clinical studies. These patients were given a single dose of 20 units of Jeuveau and outcomes were compared between those with and without SOC, as defined by Fitzpatrick skin Types IV + V + VI and I +II + III, respectively. Outcomes were also compared between race-based subsets of each population: those with SOC who self-identified as Black/African American and those without SOC who self-identified as White. Responder rates among patients with SOC were lower than those without SOC, by 5.9% on average across all visits. At Day 30, responder rates were 94.0% and 96.0%, respectively. At no time point were differences statistically significant. Headache was the most common treatment related adverse event, occurring in 12.1% and 8.2% of patients with and without SOC, respectively. Jeuveau is marketed in the United States by Evolus. The product is marketed by a partner in Canada as Nuceiva with European launch planned for early 2022.
FSAM

Hot Stocks

09:06 EDT Fifth Street Asset announces final liquidating distribution - Fifth Street Asset Management announced that on June 23, 2021 its Board of Directors declared a final liquidating distribution of $0.014665 per share payable on June 30, 2021, to stockholders of record of its Class A Common Stock as of June 28, 2021. NASD UPC rule 11140 provides that, in respect to dividends or distributions that are 25 percent or greater of the value of the subject security, the ex-dividend date shall be the first business day following the payable date. Accordingly, an FSAM investor that sells shares of FSAM common stock prior to the payment date of June 30, 2021 will not receive the distribution for the FSAM shares that are sold. Since FSAM's asset sale on October 17, 2017, FSAM declared total distributions of $5.17 per share.
WEN

Hot Stocks

09:05 EDT Wendy's and Global Investors partner to expand in Central Asia region - Wendy's and Global Investors announced three strategic development agreements to expand Wendy's brand presence in the Central Asia Region over the next nine years. These partners will help in bringing Wendy's presence to a total of 65 restaurants across Georgia, Uzbekistan and Kazakhstan by 2030. To initiate the development plans, Kusto Group and Wissol Group opened the first two Wendy's restaurants in Kazakhstan in Almaty earlier this year, along with opening a new drive-thru only restaurant in Tbilisi, Georgia.
NVVE

Hot Stocks

09:04 EDT Nuvve Holding set to join Russell Microcap Index - Nuvve Holding announced that the company was selected to join the Russell Microcap Index effective after the U.S. market opens on June 28, when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes.
VIRT

Hot Stocks

09:03 EDT Virtu Financial joins Pyth Network as newest partner - Virtu Financial announced that it has joined the Pyth Network, a decentralized financial market data distribution platform. Virtu will contribute its financial market data across equities, FX, futures, and cryptocurrencies for consumption by smart contracts using the Solana blockchain and other major blockchains. Douglas Cifu, CEO of Virtu Financial said, "We are excited to join this promising network that we hope will transform the way pricing market data is used on the blockchain. With growing support from the trading community, we believe the Pyth Network will become an integral piece of infrastructure in the quickly evolving DeFi ecosystem, enabling new market participants and more efficient markets."
CLOV WMT

Hot Stocks

09:02 EDT Clover Health plans expansion into 101 new markets - Clover Health (CLOV) announces plans to nearly double its geographic footprint. The expansion, which is subject to CMS approval, will make Clover's Medicare Advantage plans available to eligible individuals in a total of 209 counties across nine states. Individuals eligible for Medicare in these new counties can sign up for Clover's plans during the Annual Election Period, which runs from October 15 to December 7, with coverage starting on January 1, 2022. Clover currently offers its Medicare Advantage plans in 108 counties where it cares for approximately 66,300 members. The planned expansion will bring coverage to an additional 101 counties, 94 of which are in Clover's existing states of Georgia, New Jersey, South Carolina, and Texas, and Alabama. Clover also has plans available in Arizona, Mississippi, Pennsylvania and Tennessee. Going into 2022, all of the company's plans will be operating solely under the Clover brand, and as such, Clover will discontinue its current co-branding arrangement with Walmart (WMT) in eight Georgia counties. There will be no material change to benefits under those plans, and Clover expects there to be no disruption for its members in these plans. Additionally, Clover intends to introduce a number of new benefits, some of which may be launched to existing Clover members as early as the third quarter of 2021.
SNPS

Hot Stocks

09:02 EDT Synopsys initiates $175M accelerated share repurchase agreement - Synopsys has entered into an accelerated share repurchase agreement with Mizuho Markets Americas to repurchase an aggregate of $175M of Synopsys stock. Synopsys will receive an aggregate initial share delivery of approximately 521,000 shares, with the remainder, if any, to be settled on or before August 18, upon completion of the repurchases.
FORM NOC

Hot Stocks

09:02 EDT FormFactor inroduces automated cryogenic wafer probe system - FormFactor, Inc. (FORM), collaborating with Northrop Grumman Corporation (NOC), announce the availability of a fully automated cryogenic wafer probe system operating at 4 Kelvin and below to accelerate the development of superconducting compute applications. Following unique design specifications, FormFactor's HPD cryogenic systems group worked closely with Northrop Grumman scientists and engineers from concept to construction. The team produced multiple units of fully automated cryogenic wafer probers capable of meeting the challenging test requirements of superconducting circuits.
HIMS

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09:01 EDT Hims & Hers to acquire dermatology specialist Apostrophe, terms undisclosed - Hims & Hers Health announced its intentions to acquire teledermatology specialist, Apostrophe, as part of the Company's ongoing excellence-based category expansion. Financial details of the transaction will not be disclosed at this time. "Personalized dermatology has become increasingly of interest to our consumers," said Andrew Dudum, CEO and co-founder of Hims & Hers. "In the seven years since its founding, Apostrophe has built a brand that, like Hims & Hers, has attracted and heavily engaged GenZ and Millennial consumers. With this investment, we will accelerate our dermatology business, offering highly personalized dermatology treatments at scale. We are excited to welcome the Apostrophe team to the Hims & Hers family." Apostrophe has created a clinical platform that powers bespoke treatment plans that include some of the most sophisticated, personalized combinations of topical formulas and oral medications fulfilled by the affiliated Apostrophe pharmacy, which is currently licensed to fulfill orders in 29 states. This compounding infrastructure, combined with their best-in-class dermatology capabilities, will expand Hims & Hers' ability to provide consumers with some of the most advanced and personalized dermatology treatments, faster and at scale. The deal is expected to close during the third fiscal quarter of this year.
CASA

Hot Stocks

08:58 EDT Casa Systems extends strategic collaboration with Red Hat - Casa Systems announced the general availability of its Axyom 5G multi-access core as a vendor validated cloud-native digital service enablement platform for Red Hat OpenShift. With Casa Systems converged 5G Core solutions running on Red Hat OpenShift, service providers and enterprises can more quickly automate and support new highly scalable 5G services using Red Hat OpenShift and create new revenue opportunities across a variety of devices, services, and use cases.
EQOS

Hot Stocks

08:57 EDT Diginex: EQONEX exchange exceeds $5B in 30 day volume - Diginex Limited, recently rebranded as EQONEX Group, announced that total spot and derivative trading volumes on EQONEX, its cryptocurrency exchange, exceeded $5B over the past 30 days. Volumes in June have continued their recent strong upward trajectory, with average daily volumes in June month-to-date of $190M, representing an increase of 206% and 80% from April and May this year, respectively. Compared to the first quarter of 2021 and prior to the launch of its native exchange token EQO, volumes in June month-to-date are up over 12 times.
WETF

Hot Stocks

08:45 EDT WisdomTree launches U.S. Growth & Momentum Fund - WisdomTree Investments announced the launch of the WisdomTree U.S. Growth & Momentum Fund on the NASDAQ stock exchange. WGRO seeks to track the price and yield performance, before fees and expenses, of the O'Neil Growth Index, and has an expense ratio of 0.55%.
ARHH

Hot Stocks

08:44 EDT Assure Holdings supports auditory brainstem implant surgery - Assure Holdings announced that it supported an auditory brainstem implant surgery. The procedure was performed by Moises Arriaga, MD, a Louisiana based neurotologist, and Assure neurophysiologists utilizing intraoperative neuromonitoring equipment from Cadwell Industries, a provider of neurodiagnostic solutions. The auditory brainstem implant surgery was performed to restore hearing in a patient who had lost this function. The procedure is rare and required a tightly integrated surgical team, including an Assure neurophysiologist using Cadwell Cascade Surgical Studio, to support Dr. Arriaga as he identified and mapped the lateral recess of the fourth ventricle, confirming the cochlear nucleus to pinpoint the optimal placement for the implanted stimulating device. In addition, neurophysiologists monitored all associated lower cranial nerves, minimizing the potential negative side effects of the implant.
GBOX

Hot Stocks

08:43 EDT GreenBox selected by TBAS as its exclusive payment technology partner - GreenBox announced a new exclusive partnership with Territorial Bank of American Samoa, or TBAS, to provide customized payment solutions software to consumers and businesses throughout American Samoa for financial transactions. GreenBox POS will provide TBAS consumers and business banking customers with technology including merchant and money transmission services, credit and debit card processing, EBT processing and ATM processing.
STAF

Hot Stocks

08:43 EDT Staffing 360 Solutions announces $10M PPP loan forgiveness - As recently reported, the Company received notification from the Small Business Administration of the full forgiveness of the $10M PPP loan made to Monroe Staffing Services, LLC, an indirect wholly owned subsidiary of the Company. The Company has applied for forgiveness of a further $9.4M of PPP loans. While there is no guarantee of forgiveness, the Company is optimistic that these remaining PPP loans will be similarly forgiven.
STAF

Hot Stocks

08:42 EDT Staffing 360 Solutions expects positive net income in Q2 - As previously reported, the Company completed a series of capital raises in December 2020, February 2021, and April 2021 as part of our continued program that helped materially reduce the interest burden on our income statement. Specifically, in Q1 2020 and Q2 2020, the Company reported interest charges of $2.4 million and $2.1 million, respectively. This amount was reduced to $1.2 million in Q1 of 2021 and is expected to be below $1.1 million in Q2 2021, a reduction in the first six months of $2.2 million, year-over-year, or almost 50As previously reported, the Company also completed a series of capital raises in December 2020, February 2021, and April 2021 as part of our continued program that helped materially reduce the interest burden on our income statement. Specifically, in Q1 2020 and Q2 2020, the Company reported interest charges of $2.4 million and $2.1 million, respectively. This amount was reduced to $1.2 million in Q1 of 2021 and is expected to be below $1.1 million in Q2 2021, a reduction in the first six months of $2.2 million, year-over-year, or almost 50%. As a consequence of the above, the Company expects positive net income for the quarter ending July 3, 2021, prior to the recognition of any additional Paycheck Protection Program loan forgiveness.
UAVS

Hot Stocks

08:41 EDT Ageagle Aerial Systems expands HempOverview licensing agreement with Florida - AgEagle Aerial Systems announced the Florida Department of Agriculture and Consumer Services, or FDACS, has expanded its licensing of AgEagle's HempOverview Software-as-a-Service platform, providing access to the platform's full suite of technology-enabled capabilities. In November 2019, FDACS originally licensed HempOverview's registration module to manage its online application submission and registration process for hemp growers and their farms and hemp fields for the 2020, 2021 and 2022 planting seasons. The recent licensing expansion allows FDACS to use all of HempOverview's software platform. FDACS has also tasked AgEagle with developing a custom registration software platform to enhance communications, licensing and general compliance relating to the oversight and protection of more than 500 endangered and commercially exploited wild plants native to Florida.
VRAY

Hot Stocks

08:40 EDT ViewRay receives order for up to 14 MRIdian Systems from GenesisCare - ViewRay announced that GenesisCare has entered into a master purchase agreement for up to 14 MRIdian MR-Guided Therapy Systems, immediately expanding programs in UK and Ft. Myers, Florida. GenesisCare, the largest provider of cancer services globally, has now chosen MRIdian to offer personalized, precise radiation therapy in the U.S. and in three of its UK centers. With more than 440 oncology and cardiology centers in total, GenesisCare offers radiotherapy at centers across Europe, Australia, and the U.S. The MRIdian system provides oncologists anatomical visualization through MR images and the ability to adapt a radiation therapy plan to the targeted cancer with the patient on the table.
FIVE

Hot Stocks

08:39 EDT Five Below expands partnership with Instacart nationally - Five Below announced that it will bring the convenience of same-day delivery to even more of its customers as part of the company's partnership with Instacart. The expansion of same-day delivery comes after Five Below's initial pilot launch with Instacart in December of 2020, and will give thousands of potential customers the ability to have their Five Below purchases delivered right to their door with service now available at 1,100 store locations. "When we first partnered with Instacart this past December, we knew the convenience of the platform's same-day delivery and curbside pickup options would be a game-changer for our customers amid an unprecedented holiday season," said Felipe Zardo, Senior Vice President of Digital for Five Below. "After witnessing the overwhelming response in the markets in which we first launched this service, we knew we needed to bring Instacart delivery to even more people, which is why we are so excited to be rolling this out in more than 700 new locations." Five Below and Instacart initially launched their partnership at select stores in Baltimore, Buffalo, Chicago, Cleveland, and Detroit, as well as locations in Florida, California and Texas.
VRTX

Hot Stocks

08:39 EDT Vertex authorizes $1.5B buyback of shares through end of 2022 - Vertex Pharmaceuticals said its board has authorized a program to repurchase up to $1.5B of the company's common stock through December 31, 2022. Under the program, the company may repurchase stock from time to time, subject to general business and market conditions and other investment opportunities, on the open market or through privately negotiated transactions, including through Rule 10b5-1 plans.
SLS

Hot Stocks

08:38 EDT Sellas Life Sciences reports updated data from mesothelioma study of GPS - SELLAS Life Sciences Group announced updated clinical data from a Phase 1 investigator-sponsored clinical trial of its lead clinical candidate, galinpepimut-S, combined with the checkpoint inhibitor nivolumab in patients with macroscopic deposits of malignant pleural mesothelioma. The study details are as follows: Four evaluable male patients, aged approximately 67.3 + 4.1, received GPS plus nivolumab for at least one month. Initial tumor stages were II, IIB and IV. All patients had the MPM epithelioid and/or sarcomatoid variant, a tumor which is universally expressing Wilms Tumor 1, one of the most widely expressed cancer antigens, ranked by the National Cancer Institute as the top priority among cancer antigens for immunotherapy. Patients have received and progressed with, or are refractory to, frontline pemetrexed-based chemotherapy. Average overall survival was 35.3 + 24.0 weeks with a median OS of 35.4 weeks, while average progression-free survival was 8.8 + 4.2 weeks with a median PFS of seven weeks, both at a median follow-up of 35.4 weeks. The safety profile of the GPS-nivolumab combination was similar to that seen with nivolumab alone, with the addition of only low-grade, temporary local reactions at the GPS injection site, consistent with previously performed clinical studies with GPS. With approximately 3,300 cases in the United States each year, accompanied by a rising incidence in developing countries, MPM is notoriously difficult to treat and can lead to poor clinical outcomes with respect to both overall survival and progression-free survival, especially for those patients with the sarcomatoid variant who show a median overall survival of approximately 4.0 to 5.0 months. In relapsed and refractory patients who progressed after the first line standard of care pemetrexed, a similar patient population to that in the GPS nivolumab combination trial, the common treatment regimen is vinorelbine and overall survival in those patients is reported to be between 4.5 and 6.2 months. In patients treated with other chemotherapy regimens, such as carboplatin and irinotecan, median overall survival is reported to be approximately 7.0 months. SELLAS expects to report additional clinical and immune response data in Q4 2021, including an assessment of CD8+ and CD4+ T-cell responses to the WT1 peptide pool in the GPS mixture, as well as epitope spreading by testing for antibody presence directed specifically against the full-length WT1 protein and IgG's presence against other key oncofetal antigens expressed in MPM.
FISV...

Hot Stocks

08:38 EDT Fiserv promotes Guy Chiarello to COO, appoints Suzan Kereere as CGO - Fiserv (FISV) announced executive appointments. Guy Chiarello, currently chief administrative officer, or CAO, of Fiserv, has been appointed COO, effective immediately. In his new role, Chiarello will continue to elevate the client experience, create a workplace and support the company's focus on future growth. Suzan Kereere will join Fiserv on July 6 as chief growth officer, or CGO. In this newly created position, Kereere will work in partnership with Fiserv business leaders to lead enterprise strategy, acquisitions, and business development initiatives that enhance client value and accelerate growth. Most recently, Kereere served as global head of merchant sales and acquiring at Visa (V). Lastly, Adam Rosman will rejoin Fiserv as the company's CAO and chief legal officer, effective July 26. He will be responsible for its legal and compliance departments, ethics, and government relations. Rosman joins Fiserv from OneMain Financial (OMF).
CTRM

Hot Stocks

08:37 EDT Castor Maritime announces new charter agreement, delivery of M/T Wonder Formosa - Castor Maritime announces that the M/V Magic Argo, a 2009 built Kamsarmax dry bulk carrier, following completion of its previous employment contract, has been fixed on a time charter contract earning a daily gross charter rate of $33,000, which commenced on June 23, 2021, with a term of about 100 days. The company also announces that on June 22, 2021, it took delivery of the M/T Wonder Formosa, the 2006 Korean-built MR1 tanker it had agreed to acquire as previously announced on April 30, 2021. The M/T Wonder Formosa has been entered into Scorpio's Handy Plus Pool, specializing in the employment of MR1 tanker vessels. The M/T Wonder Formosa acquisition was financed in its entirety with cash on hand.
ITI

Hot Stocks

08:37 EDT Iteris awarded $2.7M in contracts from Utah Department of Transportation - Iteris announced that it has recently been awarded two additional contracts from the Utah Department of Transportation UDOT with a total contract value of over $2.7M, representing continued demand for Iteris' commercial vehicle operations and transportation analytics software-as-a-service SaaS solutions in a growing geographic market.
BBIG

Hot Stocks

08:37 EDT Vinco Ventures announces 'spin out' of Emmersive Entertainment Vinco Ventures - Vinco Ventures announced the planned 'spin out' of Emmersive Entertainment as its own standalone publicly traded entity. The transaction is contemplated to occur during Q3. The resulting Emmersive Entertainment Public Company will be led by current Vinco Ventures Chief Strategy Officer Brian McFadden. The company plans to conduct this transaction in Q3 and will shortly announce the Shareholder of Record Effective date, providing all Vinco Venture Shareholders, as of the Record Effective date, an equity position in the resulting company. Additionally, the companies will continue their originally planned partnership allowing them to leverage the traffic and technologies that they currently possess.
ATCO

Hot Stocks

08:37 EDT Seaspan strengthens partnership with COSCO SHIPPING - Seaspan, a wholly owned subsidiary of Atlas Corp., announced that it has forward fixed contracts, extending current lease terms for 17 containerships with COSCO SHIPPING Lines. The vessels, representing approximately 117,700 TEU, in aggregate, were previously scheduled to conclude current charters with COSCO for two vessels in 2021, 13 vessels in 2022, and two vessels in 2023, which have now all been extended for a three-year term beginning at the end of their current charter period. Over the course of the charter terms between 2023 and 2027, these contracts will generate approximately $0.7B of gross contracted cash flow.
CLRB

Hot Stocks

08:36 EDT Cellectar Biosciences announce election of Dr. Chanan-Khan to board of directors - Cellectar Biosciences announced that Dr. Asher Alban Chanan-Khan has been elected to its board of directors as an independent director. Dr. Chanan-Khan currently serves as Professor of Medicine & Oncology at the Mayo Clinic School of Medicine, a position he has held since 2011.
PRTA BMY

Hot Stocks

08:35 EDT Prothena announces Bristol-Myers opt-in to enter exclusive license for PRX005 - Prothena Corporation (PRTA) announced that Bristol Myers Squibb (BMY) exercised its option under the global neuroscience research and development collaboration to enter into an exclusive U.S. license for PRX005 and will pay Prothena $80M. PRX005 is designed to be an anti-tau antibody by specifically targeting an area within the microtubule binding region for the potential treatment of Alzheimer's disease. Phase 1 study with PRX005 has initiated. This global neuroscience research and development collaboration is focused on three proteins implicated in the pathogenesis of several neurodegenerative diseases, including tau, TDP-43 and an undisclosed target. PRX005 is designed to be a best-in-class anti-tau, MTBR-specific antibody for the potential treatment of Alzheimer's disease and is the first program to advance to the clinic from this collaboration, where the Phase 1 study has initiated. With this payment, Prothena will have received a total of $230M pursuant to the collaboration, and is eligible to receive up to an additional $160M for U.S. rights, up to $165M for global rights, and up to $1.7B for regulatory and commercial milestone payments for a total of up to $2.2B plus potential tiered commercial sales royalties across multiple programs.
KURA

Hot Stocks

08:35 EDT Kura Oncology doses first patient in Phase 1b portion of KOMET-001 trial - Kura Oncology announced that the first patient has been dosed in the Phase 1b portion of KOMET-001, a Phase 1/2 clinical trial of the company's oral, potent and selective menin inhibitor, KO-539, in patients with relapsed or refractory acute myeloid leukemia. The Phase 1b portion of the study is designed to determine the lowest dose of KO-539 that provides maximum biologic and clinical effect in two expansion cohorts each with NPM1-mutant and KMT2A-rearranged relapsed/refractory AML patients. Both doses have demonstrated preliminary evidence of biologic and clinical activity and were determined to be safe and well tolerated in the Phase 1a portion of the study. Kura expects to enroll at least 12 patients in each of the Phase 1b expansion cohorts and assess those patients for safety and tolerability, pharmacokinetics, pharmacodynamics and efficacy in order to determine the recommended Phase 2 dose. In addition, the Phase 1b gives the company flexibility to enroll up to 18 additional patients per cohort, as appropriate. Kura believes that data from patients enrolled in the cohort selected as the recommended Phase 2 dose can be included as part of the registration-directed portion of the KOMET-001 trial.
CRBP

Hot Stocks

08:35 EDT Corbus Pharmaceuticals trading resumes
AGLE

Hot Stocks

08:34 EDT Aeglea BioTherapeutics begins dosing in Phase 1/2 trial of AGLE-177 - Aeglea BioTherapeutics dosed the first patient in its first-in-human Phase 1/2 clinical trial investigating AGLE-177 for the treatment of Homocystinuria. AGLE-177 is a novel engineered human enzyme therapy designed to lower the total level of homocysteine in the plasma. Aeglea anticipates providing a clinical update on the program prior to the end of 2021. Cystathionine beta synthase deficiency, also known as Classical Homocystinuria, is an inherited disorder of methionine metabolism that results in elevated homocysteine and homocystine in the plasma and urine. Disease management strategies are challenging, have poor adherence and many patients are not responsive to treatment. It is estimated that there are more than 30,000 people living with Homocystinuria in the global addressable markets. The multicenter, open label, dose escalation Phase 1/2 trial is anticipated to enroll 16-20 patients diagnosed with Homocystinuria aged 12 years or older at sites located in the U.K. and Australia. The primary endpoint is the safety and tolerability of AGLE-177. Secondary endpoints include pharmacokinetic assessments as well as reduction in plasma total homocysteine levels.
CP...

Hot Stocks

08:34 EDT Canadian Pacific: Shippers send letters to STB opposing CN/KCS combination - Canadian Pacific Railway (CP) announced that grain and other shippers across North Dakota, South Dakota and Minnesota have submitted letters to the Surface Transportation Board opposing Canadian National (CNI) and Kansas City Southern's (KSU) combination, its use of a voting trust, or both. The economy in the U.S. Upper Plains depends on agriculture and 80% of the grain leaving the region moves by rail. The letters describe how a potential CN-KCS combination and its proposed use of a voting trust would see reduced options for agricultural shippers in the Upper Midwest leaving them fewer direct competitive options, and eliminating the new network of shipping options a CP-KCS combination would create.
GSKY

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08:34 EDT GreenSky announces Ritesh Gupta as COO - GreenSky, announced that Ritesh Gupta has been named Executive Vice President and Chief Operating Officer. Mr. Gupta who joined GreenSky as Executive Vice President of Operations will transition into the newly created executive role effective July . "I am very excited for Ritesh to take on the expanded role of leading GreenSky's operations and driving enterprise initiatives cross-functionally to accelerate achievement of our business objectives," said David Zalik, Chief Executive Officer. "As a member of GreenSky's executive management team, Ritesh has brought a wealth of experience and leadership to the company and played a critical role in successfully navigating this past year's challenging environment related to the pandemic while also helping develop new growth initiatives. I am encouraged and excited by the strength and depth of GreenSky's leadership team, who I know are well poised to continuing to lead our company in achieving our future goals."
IART

Hot Stocks

08:33 EDT Integra LifeSciences CEO to step down to accept role of CEO of GE Healthcare - Integra LifeSciences announced that Peter Arduini will step down as Chief Executive Officer at the end of 2021 to accept the role of President and Chief Executive Officer of GE Healthcare. The Board of Directors has initiated a formal search for a new President and Chief Executive Officer and has appointed a special committee to direct the search and transition process. The process, which the board expects to conclude this year, will include internal and external candidates. Arduini will remain President and CEO through December 31, 2021 or until a new President and CEO has been named and will ensure that a smooth and seamless transition of responsibilities takes place.
SGBX

Hot Stocks

08:33 EDT SG Blocks subsidiary acquires development parcel in Atlanta with partnership - SG Blocks announced that SGB Development, a wholly-owned subsidiary of the company, through its partnership with CMC Development, ZT Architecture + Land Development and Community Development Consortium, has acquired a six-acre site on Norman Berry Drive in Atlanta, Georgia for the development of a rental apartment community.
ALEAF

Hot Stocks

08:29 EDT Aleafia Health expands edibles portfolio with Salted Caramel Pretzel Bites - Aleafia Health announced the expansion of its cannabis edibles portfolio with Salted Caramel Pretzel Bites. The new format is now available and sold under the Company's cannabis edibles brand Bogart's Kitchen, joining the previously released THC and CBD Soft Chews. Each pretzel bite features a pair of pretzels sandwiching a cannabis-infused caramel. There are two pretzel bites per package, each containing five mg of THC. The format is designed and produced in the commercial kitchens of Aleafia Health's product innovation centre in Paris, Ont.
ALEAF

Hot Stocks

08:28 EDT Aleafia Health expands edibles portfolio with Salted Caramel Pretzel Bites - Aleafia Health announced the expansion of its cannabis edibles portfolio with Salted Caramel Pretzel Bites. The new format is now available and sold under the Company's cannabis edibles brand Bogart's Kitchen, joining the previously released THC and CBD Soft Chews. Each pretzel bite features a pair of pretzels sandwiching a cannabis-infused caramel. There are two pretzel bites per package, each containing five mg of THC. The format is designed and produced in the commercial kitchens of Aleafia Health's product innovation centre in Paris, Ont.
AMZN

Hot Stocks

08:28 EDT Amazon and Asmodee file joint lawsuit against counterfeiters - Amazon and Asmodee jointly filed a lawsuit against two defendants for counterfeiting the popular and award-winning card game sets, Dixit: Daydreams Expansion and Dixit: Revelations Expansion. Asmodee Group is a leading board game publisher and distributor. The defendants, based in Brooklyn, New York, attempted to offer the counterfeit products in Amazon's store, which violates Amazon's policies, infringes on Asmodee's trademarks, and breaks the law. The lawsuit was filed in the United States District Court for the Western District of Washington. It alleges that the two defendants used Asmodee's registered trademarks without authorization to deceive customers about the authenticity and origin of the products and create a false affiliation with Asmodee. Amazon closed the defendants' selling account and proactively refunded the impacted customers. "Amazon strives to be the Earth's most customer-centric company and provide the world's largest selection of authentic products, at low prices, and with convenient and fast delivery," said Kebharu Smith, director of the Counterfeit Crimes Unit at Amazon. "We make significant investments in industry-leading, proactive controls leveraging advanced machine learning and expert investigators to ensure our store only contains authentic products for sale. If a counterfeiter attempts to take advantage of our customers or partners like Asmodee, our Counterfeit Crimes Unit will hold them accountable through civil litigation or criminal referral to law enforcement."
NOVN

Hot Stocks

08:26 EDT Novan announces inclusion in Russell Microcap Index - Novan announced that as part of the annual reconstitution of the Russell stock indexes, Novan has been selected to join the Russell Microcap Index, effective after the U.S. market close on June 25, 2021, according to the list of additions published by FTSE Russell as of June 4, 2021.
FCMGF

Hot Stocks

08:24 EDT Firm Capital Mortgage appoints Ryan Lim as CFO - Firm Capital Mortgage Investment Corporation hereby announces that Ryan Lim will be joining the Corporation as CFO effective August 16, 2021. For the past four years, Ryan has been the CFO of Rapport Credit Union, where he was involved in financial, operations and risk management. Effective August 16, 2021, Sandy Poklar will resign as Interim CFO and return to his current role as EVP, Finance for the Corporation.
BMRA

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08:23 EDT Biomerica signs exclusive distribution agreement in Canada for hp+detect test - Biomerica announced that it has signed an exclusive five-year distribution agreement with a Canadian partner for the distribution and marketing of Biomerica's new and proprietary Helicobacter pylori test, called hp+detect. The hp+detect product has been developed for the identification and monitoring of H. pylori infection, the leading cause of duodenal and gastric ulcers, and a contributing risk factor associated with gastric cancer. In order to sell the product in Canada, Biomerica's distribution partner will now seek Health Canada clearance using the clinical data recently generated by Biomerica using the hp+detect product. The company also intends to seek a CE Mark for the product to be sold in the European Union and FDA clearance in the USA. "H. pylori infection can cause serious health conditions, so early detection of the disease in symptomatic patients is important for those infected with these bacteria. Our hp+detect product identifies the presence of H. pylori antigen, enabling doctors to diagnose patients, as well as monitor treatment efficacy," said Zack Irani, Chairman and Chief Executive Officer of Biomerica. "We're pleased to enter into this relationship with a well-established medical distributor in Canada. This partnership will be our first step to launching the hp+detect test in markets around the world to assist gastroenterologists and other medical professionals who are dedicated to preventing ulcers and gastric cancer in the patients they treat."
GEG

Hot Stocks

08:22 EDT Great Elm Group sells interest in Real Estate Business for $4.6M - Great Elm Group announced that it sold its entire ownership interest in two Class A office buildings located in Fort Myers, Florida to an affiliate of Monomoy Properties, a privately-held industrial properties focused REIT managed by Imperial Capital Asset Management, LLC, for a cash payment of $4.6M. Pursuant to the terms of the transaction, GEG invested the proceeds of the sale into newly issued membership interests of Monomoy. GEG acquired the Real Estate Business in March 2018 for $2.7M.
RNGTF

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08:21 EDT Osisko Development reports drilling results from Cariboo Gold Project - Osisko Development is pleased to announce further drilling results from the 200,000-meter 2021 exploration and category conversion drill program campaign at its Cariboo Gold Project in central British Columbia. A total of ten diamond drill rigs are currently on the Project. A total of 68 holes and 30,000 drilled meters thus far in 2021 at Valley Zone, located between the Shaft and Cow deposits. Recent assay results include holes CM-21-001 to CM-21-016 (Figure 1CM-21-005 intersected a modelled vein corridor that assayed 17.16 g/t Au over 10.7 meters, increasing confidence in the existing model. Drillhole CM-21-012 intersected 10 mineralized vein corridors at least 3 meters wide extending vein corridors down to vertical depths of 440 meters and additional high-grade samples including 150 g/t Au over 0.50 meters, 62.6 g/t Au over 0.50 meter and 52.9 g/t Au over 0.50 meter. Recent Drilling Highlights: 11.39 g/t Au over 4.35 meters in CM-21-002 including 93.60 g/t Au over 0.50 meter; 15.01 g/t Au over 5.10 meters in CM-21-004 including 80.20 g/t Au over 0.85 meter; 124.00 g/t Au over 0.65 meter in CM-21-004; 11.54 g/t Au over 3.45 meters in CM-21-005 including 34.70 g/t Au over 1.00 meter; 17.16 g/t Au over 10.70 meters in CM-21-005 including 80.00 g/t Au over 1.20 meters; 7.86 g/t Au over 5.75 meters in CM-21-008 including 53.00 g/t Au over 0.80 meter; 4.99 g/t Au over 9.65 meters in CM-21-008l; 5.83 g/t Au over 15.15 meters in CM-21-008; 75.30 g/t Au over 0.85 meter in CM-21-010; 55.30 g/t Au over 0.50 meter in CM-21-012; 11.15 g/t Au over 5.50 meters in CM-21-012 including 38.50 g/t Au over 0.70 meter; 73.32 g/t Au over 1.25 meters in CM-21-012 including 150.00 g/t Au over 0.60 meter in CM-21-012; 13.35 g/t Au over 3.60 meters in CM-21-012; 7.54 g/t Au over 5.40 meters in CM-21-012; 62.60 g/t Au over 0.50 meter in CM-21-012; 52.90 g/t Au over 0.50 meter in CM-21-012; 5.62 g/t Au over 6.45 meters in CM-21-012; 4.49 g/t Au over 12.00 meters in CM-21-013; 6.81 g/t Au over 10.30 meters in CM-21-013; 3.25 g/t Au over 16.35 meters in CM-21-015. Mineralized quartz veins on Cariboo are overall sub-vertical dip and northeast strike. Vein corridors are defined as a high-density network of mineralized quartz veins within the axis of the last folding events and hosted within a brittle meta-sandstone or calcareous meta-sandstone. Vein corridors are modelled at a minimum thickness of 2.0 meters and average about 4.5 meters true width. Individual mineralized veins within these corridors have widths varying from centimeters to several meters and strike lengths from a few meters to over 50 meters. These corridors have been defined from surface to a vertical depth averaging 300 meters and remain open for expansion at depth and along strike. Gold grades are intimately associated with quartz vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins. True widths are estimated to be 60% to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays. The Corporation is pleased to announce that incentive stock options have been granted to officers to purchase 492,600 common shares at a price of $7.10 for five years with vesting terms of; one third on June 23rd 2022, one third on June 23rd 2023 and one third on June 23rd 2024. These options have been granted in accordance with the Corporation's Stock Option Plan. The Company has also granted an aggregate total of 427,100 restricted share units to officers in accordance with the RSU Plan of the Company. All RSUs will vest on June 23rd 2024.
ANGI

Hot Stocks

08:20 EDT Angi Inc. appoints Jeff Pedersen as Chief Financial Officer - Angi announced the appointment of Jeff Pedersen to Chief Financial Officer, effective July 19, 2021. As CFO, Pedersen will oversee the company's finance and accounting operations to further Angi's mission to help people love where they live. Pedersen brings more than 25 years of technology finance experience to Angi. He most recently served as Operating Partner at Stripes, where he played a key role in new investments and provided financial support and guidance to its portfolio companies.
SELB

Hot Stocks

08:18 EDT Selecta Biosciences appoints Nishan de Silva to board of directors - Selecta Biosciences announced the appointment of Nishan de Silva, M.D. to its Board of Directors. Dr. de Silva will provide strategic guidance and operational insights as Selecta continues to advance its clinical pipeline. Dr. de Silva is currently Chief Executive Officer and Director of AFYX Therapeutics.
VTSI

Hot Stocks

08:17 EDT VirTra receives $800,000 delivery order under previous DHS IDIQ contract - VirTra has received an $800,000 delivery order under the five-year, single awardee indefinite delivery/indefinite quantity, or IDIQ, contract from U.S. Department of Homeland Security, or DHS, for U.S. Customs and Border Protection. The initial order was awarded in September 2019. VirTra will continue to provide CBP with video-based simulators and custom content for its training facilities. VirTra anticipates generating continued revenue from the IDIQ for the next two years, adding to a value of up to $5.0 million over the five-year IDIQ contract.
RCI

Hot Stocks

08:17 EDT Rogers announces University of Waterloo launches autonomous 5G shuttle - The University of Waterloo is showcasing the operation of a driverless, autonomous shuttle research program that will transport students and staff around campus. The demonstration of the shuttle, dubbed "WATonoBus" by the research team, is the first of its kind at a Canadian academic institution and marks a significant milestone in a multi-year initiative to demonstrate and integrate autonomous transportation onto the campus. This milestone features another significant technological advancement, as the shuttle becomes the first in the country to operate remotely over Rogers 5G network, thanks to a Rogers partnership agreement with the University to advance 5G research in the Toronto-Waterloo tech-corridor.
IBEX

Hot Stocks

08:16 EDT Ibex announces enhancements to Work@Home Technology Suite - ibex announced key enhancements to its Work@Home product suite. These solutions are key components of the ibex Wave X technology platform and are integral in driving superior operational excellence and innovation in a work at home setting. The ibex Work@Home product suite focuses on key areas designed to drive cost savings, accelerate productivity, increase security, and enhance the customer experience for ibex customers, while supporting agents' ability to meet rising consumer demands and work at maximum efficiency from anywhere in the world. These solutions include: ibex Round - Enables remote simultaneous monitoring of customer service agent screens from a single desktop, with live insight and coaching across all voice, chat, and online interactions. ibex Witness - Provides maximum awareness and visibility into customer-agent interactions through the automated monitoring of agent keystrokes, screen behavior, and other digital activity. This helps reduce risk by identifying issues early, correcting noncompliant behavior, and safeguarding personal data. ibex Virtual Floor Management System - Enables on-demand agent assistance from a dedicated subject matter expert, allowing for real-time issue escalation and immediate issue resolution. ibex Training Simulator - Creates real-world customer scenarios, guiding the agent through three stages of learning designed to reduce handle times, while accelerating proficiency in common call drivers such as product inquiries, billing, technical support, and new orders.
HEI HEI.A

Hot Stocks

08:16 EDT Heico acquired 80.1% of the operating assets of Camtronics - HEICO announced that its Flight Support Group has acquired 80.1% of the operating assets of Camtronics for cash at closing. Additional financial details were not disclosed. HEICO expects the acquisition to be accretive to its earnings within the first year following closing. Including Camtronics, HEICO has completed acquisitions of six niche, highly specialized businesses since the start of the COVID-19 pandemic. Tulsa, OK-based Camtronics is an FAA Part 145 repair station with extensive proprietary FAA-DER repairs. The company serves a variety of domestic and international commercial and cargo airlines. Camtronics was founded in 1999 by David Campbell and his son Rick Campbell. The Campbell family is retaining ownership in the business. David Campbell will remain with the business as Vice President and General Manager.
SBEV

Hot Stocks

08:15 EDT Splash Beverage Group expands reach of its SALT brand - Splash Beverage announced its SALT tequila is now distributed by Great Bay Distributors, Florida's largest independent Anheuser Busch products distributor. Robert Nistico, CEO of Splash, said, "We're thrilled to engage Great Bay Distributors to champion SALT tequila into the St. Petersburg and neighboring markets. With over 350 experienced and dedicated Great Bay team members, SALT Tequila is in the hands of distribution experts, and we expect that the brand will enjoy swift market adoption under their leadership." He added, "The team at Great Bay is second to none, and beyond regular distribution, the team markets, promotes and sponsors many local events. Moreover, this new agreement does more than validate the premium quality of SALT Tequila; it also shows the respect it is earning from top-tier distribution companies."
NUWE

Hot Stocks

08:14 EDT Nuwellis reports inducement grants under Nasdaq listing rule - Nuwellis announced that, effective June 22, 2021, the independent directors approved four equity awards under Nuwellis' 2021 Inducement Plan, as material inducement to four individuals entering into employment with the company. The equity awards were approved in accordance with NASDAQ Listing Rule 5635(c)(4), which also requires a public announcement of equity awards that are not made under a stockholder approved equity plan. In connection with entering into employment with Nuwellis, Inc., the individuals, who were not previously employees or directors of Nuwellis, received options to purchase an aggregate of 46,737 shares of the Company's common stock. The option awards have an exercise price of $3.98 per share, the closing price of Nuwellis' common stock on June 22, 2021, the date of the grant. The options have a ten-year term and vest over a period of four years, with 25% vesting one year after the date of grant and the remaining 75% vesting in 36 approximately equal monthly increments, provided the new hire's employment is continuing on each such date, and subject to acceleration or forfeiture upon the occurrence of certain events as set forth in the new hire's option agreement.
ARRY HON

Hot Stocks

08:14 EDT Array Technologies appoints Chief Marketing Officer, Chief Legal Officer - Array Technologies (ARRY) announced two additions to the executive team. Erica Brinker was appointed chief marketing officer. Tyson Hottinger was appointed chief legal officer and will oversee all legal, compliance and governance functions across the organization. Brinker joins Array from Honeywell International (HON), where she served most recently as CMO, Vice President Marketing & Sales Excellence. Hottinger joins Array from Maschoff Brennan, where he represented technology and manufacturing companies while serving as a member of the executive management committee.
SLHG

Hot Stocks

08:13 EDT Skylight Health acquires Doctors Center, terms not disclosed - Skylight Health Group announced that the Company has acquired the Doctors Center Inc., a primary care group with four locations in Jacksonville, Florida. Adds four clinical locations to bring Skylight's primary care network to over 23 locations across 5 States; Expands patient count by 6 thousand lives with opportunities for value-based care programs; Strategic acquisition builds further density of patient and providers in Northeast Florida; and 2020 unaudited revenues of approximately C$3.2M and expected EBITDA margin of 10%. Doctors Center has been providing primary care services to patients in Jacksonville for 30 years. The practice which consists of 6,000 patients and 5 providers, operates 4 locations across Jacksonville. The practice contracts under a fee-for-service model with payors and health plans. Under the Skylight Health platform, both teams will work together to bring improved services to patients and support to providers under improved and aligned contracts with health payors including Medicare and Medicaid. Skylight will look to grow the number of lives under managed care through the deployment of its proprietary management platform, technology enabled tools and operational and clinical leadership teams.
NVEE

Hot Stocks

08:11 EDT NV5 Global awarded three contracts totaling $9M by a Western utility - NV5 Global announced that it has been awarded three utility infrastructure contracts by a Western utility totaling approximately $9M. NV5 will provide surveying, permitting, and technical services to support the construction and maintenance of the utility's electric and gas infrastructure. Under the scope of the contracts, NV5 will provide surveying to support the utility's facility maintenance program, assistance obtaining permits from jurisdictions where gas or electric utilities are being constructed or renovated, and plan review of municipal and transportation agency engineering designs that interfere with electrical and gas utility infrastructure.
FTXP

Hot Stocks

08:10 EDT Foothills Exploration eliminates over $1.6M of convertible debt - Foothills Exploration announced that the Company has reached settlement agreements with and/or repaid and retired convertible promissory notes with all but one of its variable-rate convertible noteholders. Balance Sheet Initiatives: For the remainder of 2021, the Company's intended strategy is to settle and eliminate its outstanding variable rate convertible debt to clean up its balance sheet and better position itself for future growth. To that end, the Company has reached settlement and mutual release agreements with and/or repaid and retired convertible promissory notes with all but one of its variable-rate convertible noteholders. Over the past 100 days, the Company has paid $1.6 million to retire 10 variable-rate convertible promissory notes.
BIVI

Hot Stocks

08:10 EDT BioVie announces first patient enrolled in BIV201 Phase 2b clinical trial - BioVie announced that the first patient has been enrolled in the company's Phase 2b trial of BIV201 for the treatment of refractory ascites. The trial-A Study for Evaluation of BIV201 to Reduce Ascites and Complications in Patients with Cirrhosis and Refractory Ascites-is being conducted at nine prestigious research centers in the U.S. Two additional patients have consented to the pre-randomization observation period, and 7 more potential participants have been identified through pre-screening. The Phase 2b trial is evaluating the efficacy of BIV201, which has an Orphan drug designation, in addition to SOC compared to SOC alone for the treatment of refractory ascites in the home care setting. The primary endpoints are the incidence of serious disease-related complications and the change in cumulative ascites fluid volume in the BIV201 treated group versus the control group. If the results are positive, the company plans to conduct a pivotal Phase 3 trial commencing in 2022. BioVie previously conducted a Phase 2a trial of BIV201 in a similar patient population at a Veterans Administration hospital. BioVie recently announced FDA guidance for the design of an additional pivotal Phase 3 study of BIV201 in the treatment of hepatorenal syndrome-acute kidney injury, which the Company plans to begin next year. BIV201 has an Orphan drug designation covering this condition which is a severe complication of ascites with a mortality rate of approximately 50% over 2-4 weeks if left untreated.
COMS

Hot Stocks

08:10 EDT COMSovereign Holding, Radisys partner in 5G computing technology - COMSovereign Holding and Radisys, a provider of open telecom solutions, announced a strategic technology partnership that will focus on enhancing COMSovereign's O-RAN-compliant 5G solution with the SAGUNA Multi-access Edge Cloud and Radisys' Connect 5G RAN software portfolio to address private 5G and edge computing deployments and use cases. Together, COMSovereign and Radisys will seek to accelerate the deployment of 5G networks in Defense, Public Safety, and Commercial markets by reducing time-to-market and the large CAPEX typically required for 5G networks. Radisys will play a role in enabling the integration and commercialization of COMSovereign's 5G RAN, Core, and MEC-based products and solutions for a range of applications including autonomous vehicles, virtual reality, smart cities and power grids, automated manufacturing and robotics, and remote/telemedicine.
DM

Hot Stocks

08:09 EDT Desktop Metal set to join Russell 2000 Index - Desktop Metal expects to join the Russell 2000 Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, 2021. The stock will also be automatically added to the appropriate growth and value indexes.
CRBP

Hot Stocks

08:08 EDT Corbus says DETERMINE Phase 3 study did not meet primary endpoint - Corbus Pharmaceuticals announced topline results from the Phase 3 DETERMINE study of lenabasum in adults with the rare, heterogeneous, autoimmune disease dermatomyositis. Primary endpoint: The study did not meet its primary endpoint of Total Improvement Score at Week 28. Higher TIS values indicate greater overall improvement. At Week 28, the lenabasum 20 mg twice daily group achieved a mean TIS of 28.3 versus the control group mean TIS of 26.7, p = 0.1965. All subjects, including the control group, received standard background treatments, with 89% of dosed subjects receiving greater than or equal to 1 immunosuppressive or immunomodulating therapy. Additional pre-specified analyses of the overall effect on TIS of lenabasum 20 mg twice daily versus control group through Week 52 showed a trend of beneficial effect of lenabasum, nominal p = 0.0795. Additional findings: Dermatomyositis patients have characteristic muscle weakness and inflammatory skin involvement. This study enrolled subjects with the two major types of dermatomyositis: classic dermatomyositis with both muscle weakness and skin involvement and dermatomyositis with no significant muscle weakness but with skin involvement. Improvement in muscle weakness is heavily weighted in the TIS score. In the overall study, higher TIS scores were seen in those subjects who had muscle weakness and were treated with lenabasum 20 mg twice daily versus the control group, nominal p = 0.0302. Conversely, the Cutaneous Dermatomyositis Activity and Severity Index activity score, a secondary endpoint in this study, is a validated outcome that was designed to assess inflammatory skin involvement in dermatomyositis. In the overall study, greater improvement in CDASI activity scores was seen in subjects with skin involvement but no muscle weakness who were treated lenabasum 20 mg twice daily versus the control group, nominal p = 0.0166. This is a similar patient population and the same endpoint as was tested in Corbus' previously completed Phase 2 study. Effect of lenabasum on lung function was a secondary endpoint in this study, and no statistically significant difference was seen at Week 28 in the lenabasum 20 mg twice daily group versus control group. In the overall study, other pre-specified analyses showed that subjects on stable immunosuppressive therapies had an improvement in forced vital capacity compared to the control group, nominal p = 0.0591. Efficacy results for the lenabasum 5 mg twice daily group were generally similar to those for the control group. Safety data showed 86.5% of lenabasum-treated subjects and 85.9% of control subjects had treatment-emergent adverse events, 11.5% of lenabasum-treated subjects and 5.6% of control subjects had serious AEs, and no lenabasum-treated subject and 1 control subject discontinued study drug because of an AE related to study drug. Adverse events that occurred in greater than or equal to 10% lenabasum-treated subjects and also in greater than or equal to 5% more lenabasum-treated subjects than control subjects were diarrhea, dizziness, and nausea. There were fewer AEs of dermatomyositis worsening in the lenabasum 20 mg twice daily group than the control group.
BBI

Hot Stocks

08:07 EDT Brickell Biotech announce initiation of Phase 1 study of sofpironium bromide gel - Brickell Biotech announced that its development partner, Kaken Pharmaceutical, recently initiated a Phase 1 clinical study to assess the pharmacokinetics of sofpironium bromide gel in patients with primary palmoplantar hyperhidrosis in Japan. "We are pleased to see Kaken initiate this Phase 1 clinical study to explore the PK, safety, and efficacy of sofpironium bromide gel in treating Japanese patients with PPH in less than a year after the launch of sofpironium bromide gel, 5% for the treatment of primary axillary hyperhidrosis in Japan, as part of the life cycle management," said Deepak Chadha, Chief Research and Development Officer of Brickell. "Depending on the outcome of the Phase 1 study, Kaken and Brickell will determine the next steps, if any, for the development of sofpironium bromide gel in PPH patients in their respective territories." In addition, Brickell is currently conducting its U.S. Phase 3 pivotal program for sofpironium bromide gel, 15% which is comprised of two pivotal clinical studies, Cardigan I and Cardigan II. Both randomized, double-blinded, placebo-controlled pivotal studies are evaluating sofpironium bromide gel, 15% vs. placebo in approximately 350 subjects aged nine and older with primary axillary hyperhidrosis. Brickell expects to report topline results from the Cardigan I and II pivotal studies in the fourth quarter of 2021.
PIRS

Hot Stocks

08:07 EDT Pieris Pharmaceuticals receives orphan drug designation for cinrebafusp alfa - Pieris Pharmaceuticals announced that the FDA has granted orphan drug designation to cinrebafusp alfa, a 4-1BB/HER2 bispecific, for the treatment of HER2-high and HER2-low expressing gastric cancers.
XL

Hot Stocks

08:06 EDT XL Fleet and Rubicon team to accelerate fleet electrification - XL Fleet with Rubicon, a software platform that provides smart waste and recycling solutions for businesses and governments worldwide, to bring XL Fleet's offerings for fleet electrification to Rubicon's network of waste and recycling hauler partners. This will allow XL Fleet to grow its customer base by jointly approaching Rubicon's expansive partner network with the Electrification-as-a-Service offering. XL Fleet aims to provide hybrid electric, plug-in hybrid and all-electric solutions, as well as deliver charging infrastructure through its XL Grid division, as a complete, end-to-end offering to Rubicon's network of more than 7,000 vendor and hauler partners across the United States. XL Fleet and Rubicon can significantly accelerate fleet electrification in this space by reducing upfront costs and complexity. This also creates an opportunity for infrastructure investors to deploy significant capital into clean vehicle and charging infrastructure assets.
PTCT

Hot Stocks

08:06 EDT PTC Therapeutics' Emflaza in DMD shows physical function improvement - PTC Therapeutics presented pooled placebo data from studies in which results confirmed the clinical benefit of Emflaza over prednisone for the treatment of Duchenne muscular dystrophy, or DMD. The results, presented at the 2021 Parent Project Muscular Dystrophy Annual Conference, demonstrated that DMD patients on daily Emflaza performed better on key measures of physical function than patients taking daily prednisone. PTC also presented oral and poster presentations reporting long-term, real-world and clinical data, including its role in slowing DMD disease progression and improving ambulatory function over time. Also highlighted were results from a real-world study of patients who switched from prednisone to Emflaza following the FDA approval.
ECOR

Hot Stocks

08:06 EDT electroCore announces publication of study on nVNS on Cognitive Performance - electroCore announced the publication of a peer-reviewed paper on June 10, 2021, entitled "Effects of Transcutaneous Vagal Nerve Stimulation (tVNS/nVNS) on Cognitive Performance under Sleep Deprivation Stress," in the journal Communications Biology, a Nature publication. The paper reports the positive results of a randomized, double-blind, sham-controlled trial conducted at Wright-Patterson Air Force Base using gammaCore SapphireTM and sponsored by the United States Air Force Research Laboratories. Fatigue is a serious and unavoidable problem for many professions such as medicine, transportation, and the military. Fatigue induced by sustained wakefulness can cause slower reaction times, reduced ability to multi-task, and increases in lapses of attention which can lead to costly, even deadly mistakes.1 Studies on the behavioral implications of repeated sleep deprivation in humans have showed delayed reaction times, decreased accuracy and attention, and negative alterations in mood.2 Although some pharmacological fatigue countermeasures do exist, they vary in their effectiveness, have a range of negative side effects, and may lose effectiveness with repeated use. The study, which treated 40 United States Air Force personnel, investigated the use of nVNS as a fatigue countermeasure. This study was the first to assess cognitive performance during nVNS, and the first to do so under conditions of lengthy sleep deprivation. Study participants were awake for 34 consecutive hours and tested at multiple time points assessing the effects of sleep deprivation on their ability to multi-task. The group treated with nVNS showed a statistically significant benefit in their throughput capacity when compared to the sham group, with the nVNS treated group's throughput capacity decreasing by 5% from baseline vs. the sham group, which fell 15%. Furthermore, six stimulations of nVNS provided benefit to multi-tasking performance up to 15 hours post-stimulation, when performance should be at its worst. The study also found the nVNS group had a significantly smaller increase in a subjective fatigue rating when compared to sham participants.
LGVN

Hot Stocks

08:06 EDT Longeveron announces abstract on data of Phase 1 trial of Lomecel-B infusion - Longeveron announced that an abstract summarizing the results of its Phase 1 trial of Lomecel-B infusion for patients with mild Alzheimer's disease has been accepted for a Developing Topics poster presentation at the 2021 Annual Alzheimer's Association International Conference, being held July 26-30, 2021 in Denver, CO and online. The abstract is titled "Safety and Efficacy of Lomecel-B in Patients with Mild Alzheimer's Disease: Results of a Double-Blinded, Randomized, Placebo-Controlled, Phase 1 Clinical Trial." This 33 subject study was supported by two competitive Part the Cloud Challenge on Neuroinflammation grants from the Alzheimer's Association. "We are extremely pleased that the Alzheimer's Association has recognized our trial and data by giving us this opportunity to present the findings in poster presentation form at the prestigious AAIC," said Dan Gincel, Ph.D., Senior Vice President of Strategic Collaborations & Scientific Affairs at Longeveron. "The trial met its primary endpoint of demonstrating safety and feasibility, and importantly, no Alzheimer's Related Imaging Abnormalities, after infusion with Lomecel-B. Furthermore, we were thrilled to observe that treatment with low-dose Lomecel-B slowed cognitive decline compared to the placebo group as measured by the Mini Mental State Exam score. As a result, we look forward to advancing Lomecel-B into a Phase 2 clinical trial in the second half of 2021."
ARAV

Hot Stocks

08:05 EDT Aravive jumps over 20% in pre-market after its Phase 1b data for AVB-500
KTOS

Hot Stocks

08:04 EDT Kratos Defense awarded $8.6M task order to complete 50shp class turbine engine - Kratos Defense & Security Solutions announced that Kratos Turbine Technologies Division has been awarded an $8.6M task order under its Advanced Turbine Technologies for Affordable Mission ID/IQ contract. The program will be managed by the Turbine Engine Division of the Air Force Research Laboratory. Under the contract KTT will complete the design, build, assemble and test of an affordable turboshaft engine for Group 3 UAVs. The engine design is convertible to produce the electrical power required of advanced hybrid electric aircraft. The award follows the successful completion of multiple programs where KTT completed concept and engine trade studies for Group 3 UAVs with the guided leadership of AFRL/RQT. The objective of the awarded task order is to complete the engine development for flight testing and to demonstrate the high-power-to-weight, high-efficiency, and increased durability of the recuperated engine design. Work will be performed by KTT in Florida.
NDAQ

Hot Stocks

08:04 EDT Digital Asset, Nasdaq partner to bring Daml to Marketplace Services Platform - Digital Asset announced a new partnership with Nasdaq to enable Daml-driven applications on the Nasdaq Marketplace Services Platform. Nasdaq and Digital Asset customers will be able to leverage applications built in Daml, a multi-party application platform, and connect them seamlessly into the Nasdaq Marketplace Services Platform. Daml also presents an opportunity for Nasdaq and its customers to build application logic in Daml to manage new types of assets, such as ESG certificates, real estate, precious metals and more as part of Nasdaq's Marketplace Services Platform, a DLT agnostic offering aimed at providing its clients with the ability to manage the full lifecycle of digital assets.
CSX WAB

Hot Stocks

08:04 EDT CSX and Wabtec partner to drive sustainable transportation solutions - CSX (CSX) and Wabtec (WAB) are partnering to accelerate sustainable rail by modernizing locomotives across CSX's fleet and implementing advanced digital technologies to deliver significant fuel efficiency and emissions reductions for CSX's rail operations. The partnership will help CSX in their commitment to reduce greenhouse gas emissions intensity by 37 percent by 2030. "We are excited to partner with Wabtec on advanced solutions that will transform our fleet while improving our carbon footprint," said Jamie Boychuk, CSX executive vice-president of operations. "By modernizing our fleet and implementing the new Trip Optimizer Zero-to-Zero, Wabtec's sustainable technologies will help CSX achieve our climate goals."
ALPN ABBV

Hot Stocks

08:03 EDT Alpine Immune Sciences doses first patient in Synergy trial - Alpine Immune Sciences (ALPN) announced that the first patient has been dosed in Synergy, a Phase 2 study of ALPN-101 in patients with Systemic Lupus Erythematosus, or SLE. Alpine also announced the achievement of $45M in pre-option exercise development milestones as part of the 2020 Option and License Agreement with AbbVie (ABBV).
IRDM

Hot Stocks

08:03 EDT Iridium awarded $30M R&D U.S. Army contract - Iridium has been awarded a research and development contract worth up to $30M by the U.S. Army to develop a payload to be hosted on small satellites that supports navigation systems, guidance and control for the global positioning system and GPS-denied precision systems. The new experimental Iridium payload is intended to be hosted by another Low Earth Orbit commercial satellite constellation, complementing the Iridium constellation's capabilities. The development of this new payload is based on Iridium Burst technology, a service that can transmit data to millions of enabled devices at a time from space.
CTO

Hot Stocks

08:02 EDT CTO Realty Growth to see remaining Daytona Beach land for $67M - CTO Realty Growth announced the joint venture entity that holds the remaining Daytona Beach land portfolio of approximately 1,600 acres has entered into a binding contract with Timberline Acquisition Partners, an affiliate of Timberline Real Estate Partners, for the sale of substantially all of its remaining land, including any land that was previously under contract, for $67M. Proceeds to CTO after distributions to the other member of the Land Venture and before taxes are estimated to be approximately $25.6M. Closing is anticipated to occur prior to year-end and is subject to completion of standard due diligence and closing conditions. The Company anticipates using its proceeds from the Land Venture Sale to repay amounts outstanding under its unsecured revolving credit facility, and for general corporate and working capital purposes, which may include funding income property acquisitions.
AQST

Hot Stocks

08:02 EDT Aquestive Therapeutics resubmits new drug application for Libervant - Aquestive Therapeutics announced the resubmission of its New Drug Application to the U.S. Food and Drug Administration for Libervant Buccal Film for the management of seizure clusters in response to the September 25, 2020 Complete Response Letter from the FDA. The submission included additional statistical modeling and supporting analyses of the existing clinical data based upon the guidance received from the Agency. "As we have committed in previous statements regarding the filing of our NDA for Libervant, yesterday we resubmitted the NDA. The resubmission for Libervant marks a significant milestone for Aquestive. We believe that the resubmission addresses all of the issues raised in the CRL based upon the guidance we received from the FDA," remarked Keith Kendall, CEO of Aquestive. "We look forward to continuing our dialogue with the FDA during the review period as we remain focused on bringing our non-invasive and innovative product to the underserved population of patients with refractory epilepsy." Aquestive received a CRL from the FDA in September 2020, completed a Type A meeting with the FDA in November 2020 and received further guidance from the FDA in February 2021. The company anticipates a six-month review process and expects to receive a PDUFA goal date in late 2021.
ABBV

Hot Stocks

08:02 EDT AbbVie exercises right to acquire TeneoOne and lead asset TNB-383B - AbbVie and Teneobio announced that AbbVie exercised its exclusive right to acquire TeneoOne, an affiliate of Teneobio, and TNB-383B, a BCMA-targeting immunotherapeutic for the potential treatment of relapsed or refractory multiple myeloma. In February 2019, AbbVie and TeneoOne entered a strategic transaction to develop and commercialize TNB-383B, a bispecific antibody that simultaneously targets BCMA and CD3 and is designed to direct the body's own immune system to target and kill BCMA-expressing tumor cells. AbbVie exercised its exclusive right to acquire TeneoOne and TNB-383B based on an interim analysis of an ongoing Phase 1 study.
CRBP

Hot Stocks

08:00 EDT Corbus Pharmaceuticals trading halted, news pending
WMT INOV

Hot Stocks

07:56 EDT Walmart extends use of Inovalon ONE Platform - Inovalon (INOV) announced an expansion and extension of the long-term engagement with Walmart (WMT) to provide cloud-based capabilities through the Inovalon ONE Platform in its extensive network of pharmacies nationwide as part of its data-driven strategy to improve outcomes and economics for its customers. Under the agreement, Walmart will extend its engagement into 2028 and will look to expand its use of Inovalon's cloud-based capabilities through the Inovalon ONE Platform by extending the use of ScriptMed Cloud to empower the clinical care management of complex patient populations served by Walmart's extensive nationwide network of retail pharmacies and to add additional advanced Inovalon ONE Platform functionality.
TD

Hot Stocks

07:50 EDT TD Bank Group names Kelvin Tran as CFO - Kelvin Tran, Executive Vice President, Enterprise Finance, will become CFO of TD Bank Group and join the Bank's Senior Executive Team, reporting to Masrani. Tran has been with TD for more than 20 years. He has served as CFO of TD Bank, America's Most Convenient Bank, TD Bank Group Chief Auditor and Chief Accountant, CFO of TD Securities, and SVP of Treasury and Balance Sheet Management. Riaz Ahmed, Group Head and CFO of TD Bank Group, will become Group Head, Wholesale Banking and President and CEO of TD Securities, reporting to Masrani.
HIBB

Hot Stocks

07:48 EDT Hibbett Sports initiates 25c per share quarterly dividend - Hibbett announced that its board of directors has declared an initial quarterly dividend of 25c per share on the company's common stock.
J

Hot Stocks

07:48 EDT Jacobs wins new Air Force B-21 aircraft five-year contract - Jacobs was awarded a new U.S. Army Corps of Engineers Kansas City District Architecture and Engineering contract to support the planning, design and construction of facilities and infrastructure in service of the Air Force's B-21 mission. The Multiple Award Task Order Contract supports AE requirements primarily at Ellsworth Air Force Base, South Dakota, Dyess AFB, Texas, Whiteman AFB, Missouri, and other locations as the Air Force determines support for the B-21 program. USACE values the shared contract capacity at $200M, with individual task order limits of $50M. The contract has an initial five-year base period with a two-year option period.
LXXGF

Hot Stocks

07:47 EDT Lexagene Holdings sells MiQLab System to Meridian Veterinary Capital - LexaGene Holdings announced Meridian Veterinary Capital has purchased a MiQLab System to be used by the emergency and specialty veterinary hospitals they support with locations across the country.
PEG

Hot Stocks

07:46 EDT PSEG accelerates 2030 climate net-zero goals - PSEG accelerated its net-zero goals by launching a three-pronged 2030 climate vision which comprises three pillars: net-zero emissions for PSEG operations, including PSE&G's utility operations; 100% greenhouse gas- , carbon-free power generation; and significant contributions to regional economy-wide decarbonization. PSEG's pivot to 100% carbon-free generation is in line with President Biden's goal of decarbonizing the U.S. electric sector by 2035. PSEG's regulated electric and gas utility, Public Service Electric & Gas, aims to achieve net-zero GHG emissions for its electric and gas utility operations by 2030. To accomplish this goal in less than 10 years, PSEG will leverage a suite of strategies - from modernizing its existing natural gas and electric transmission and distribution networks to investing in new technologies that support greater electrification and improve energy efficiency. PSEG will direct half of its current 2021-to-2025 capital spending program of approximately $14B-$16B toward decarbonization, emission reduction, methane reduction, clean energy transition and climate/storm adaptation. By 2030, PSEG plans to transition its power generation portfolio to 100% GHG-free resources by aiming to preserve carbon-free nuclear generation and investing in utility-scale renewables.
DOCRF

Hot Stocks

07:41 EDT CloudMD completes acquisition of VisionPros - CloudMD Software & Services announced that it has closed the previously announced acquisition of VisionPros, a vertically integrated digital eyewear platform that has serviced almost M unique customers across North America. VisionPros' revenue for the year ended December 31, 2020, surpassed $22M with adjusted earnings before interest, taxes, depreciation, and amortization margin exceeding 10%. In consideration for the purchase of 100% of the outstanding securities of VisionPros, CloudMD has paid shareholders of VisionPros: $30M in cash, subject to an estimated negative net working capital adjustment of $995,353; and $30M in common shares of the Company at a deemed price of $2.75 per common share. In addition to the closing considerations, the Company may pay a performance-based earnout of up to an additional $40M in common shares of the Company or cash, at the election of the Company, and is based on VisionPros meeting certain performance milestones with respect to VisionPros' revenue and technological developments following closing. Specifically, the Company will pay an additional $10M to the vendors if VisionPros meets or exceeds the revenue target for the six months ending December 31, 2021, and an additional $10M if VisionPros meets or exceeds the revenue target for the year ending December 31, 2022. In addition, the Company may pay the vendors up to an additional $20M upon the development of certain new technologies prior to December 31, 2022. The common shares will be subject to certain contractual restrictions on trading for a period of 24 months from the date of issuance. Additionally, the Company will pay a finders' fee to an arm's-length party in accordance with TSX Venture Exchange policies by issuing 986,842 common shares of the Company at a deemed price of $3.04.
VHIBF

Hot Stocks

07:39 EDT Vitalhub announces 5-year licensing contract with Family Service Toronto - VitalHub announced the closing of a 5-year licensing contract, following a competitive RFP process with Family Service Toronto, to implement the use of the Company's TREAT Client Management and Care Coordination solutions. Family Service Toronto selected VitalHub's TREAT platform to replace their incumbent Case Management System used since 2005. The deal comprises a 5-year licensing contract for use of VitalHub's TREAT Client Management and Care Coordination software solutions.
HSSHF

Hot Stocks

07:38 EDT Digihost Technology signs Crypto Climate Accord - Digihost Technology announced that it is now a signatory to the Crypto Climate Accord. This private-industry led initiative, modeled on the Paris Climate Agreement, is a global pledge that aligns with the mission of the Company's recently adopted DigiGreen Initiative to: achieving net-zero emissions from electricity consumption by 2030; and developing standards, tools, and technologies to accelerate the adoption of, and verify progress towards, 100% renewably powered-blockchains. With the alignment of the DigiGreen Initiative and the Crypto Climate Accord, the Company aims to be an industry leader well into the future, contributing to the development of the tools and standards that will govern the production of blockchain in Canada, the United States, and beyond.
MINM

Hot Stocks

07:37 EDT South Africa's Vox selects Minim cloud software for home WiFi experience - Minim announced that Vox has chosen Minim's AI-driven cloud software platform, mobile app, and customer care portal to underpin the Vox Wi-Fi Home Manager, a mobile app offering full Wi-Fi management, visibility, threat detection and device management. Wi-Fi Home Manager will initially be available to all Vox customers with the MikroTik hAP AC router and bundled in with all Fiber To The Home sales.
ORPH

Hot Stocks

07:36 EDT Orphazyme provides update on Aescap Venture Management shareholding - Orphazyme announces the receipt of notification pursuant to Section 38 of the Danish Capital Markets Act from Aescap Venture Management B.V, that as of June 16, 2021, Aescap Venture Management B.V indirectly holds shares corresponding to less than 5% of the total share capital and voting rights in the Company.
CIGI

Hot Stocks

07:35 EDT Colliers launches global partnership with Blue Skyre to innovate its services - Colliers announced a global partnership with Blue Skyre to accelerate the growth of an innovative Facilities Management Advisory offering. "Colliers' differentiated advisory and consulting service helps clients improve their internal FM capabilities and organizational models, enhance supply chain performance by utilizing multiple FM service providers, and implement agile technology solutions. This global service offering benefits from Colliers' independent position in the FM space and expands upon the FM advisory and consulting services already provided across Colliers' Europe, Middle East and Africa region," the company said. Under the global agreement, Blue Skyre will co-brand as a Colliers Global Strategic Partner to jointly deliver strategic FM advisory and consulting services.
IACB

Hot Stocks

07:34 EDT Innovid to become publicly listed via merger with ION Acquisition Corp 2 - Innovid announced it has entered into a definitive merger agreement with ION Acquisition Corp. 2 Ltd. The combined company will operate under the Innovid name and will trade on a US national exchange. The transaction is expected to close in Q4 of 2021. The companies said, "Founded in 2008, Innovid is an independent software platform that provides critical technology infrastructure for the creation, delivery and measurement of TV ads across CTV, mobile TV and desktop TV. As the only ad server purpose-built for TV, Innovid developed the first and still the most advanced CTV SDK on the market. Innovid's SDK powers personalized and interactive experiences in CTV through direct integrations across over 50 apps, providing the infrastructure layer behind the advertising shown by some of the biggest names in streaming including Roku and Hulu. The company has spent the past decade focused on building deep relationships across the CTV and OTT industry. Through this focus Innovid has achieved a growing list of industry firsts and key milestones including: the first and only ACR integration with Roku, the first and only buy-side ad server w/MRC certification for CTV measurement, the first and only platform delivering ads into NBCU's Peacock, as well as serving the first and only interactive Super Bowl ad. The company has also actively worked to connect the different parts of the TV ad-tech ecosystem by launching a consortium with leading independent programmatic platforms The Trade Desk, Magnite, and others to power advanced creative buying at scale across CTV. As the $200B dollar TV industry continues to shift to CTV, the company is positioned to take a leadership role in a significant and high growth market." Innovid has entered into a definitive agreement to merge with ION Acquisition Corp. 2 Ltd., for an implied pro forma aggregate equity valuation of approximately $1.3B. The transaction is supported by approximately $150M of PIPE financing anchored by top-tier institutional investors including Fidelity Management and Research Company LLC, Baron Capital Group, Vintage and others including funds affiliated with ION and Phoenix Insurance. The proposed transaction is expected to be completed in Q4 2021, subject to approval by the shareholders of ION, and satisfaction of other customary closing conditions.
NTLA KURA

Hot Stocks

07:32 EDT Intellia Therapeutics names Basta as Executive Vice President - Intellia Therapeutics (NTLA) announced the appointment of James Basta, J.D., as Executive Vice President, General Counsel and Corporate Secretary. Basta is coming to Intellia with more than 25 years of combined in-house corporate and law firm experience, most recently as Chief Legal Officer at Kura Oncology (KURA). Basta succeeds Jose Rivera, one of Intellia's founding employees in 2014, who has served as Executive Vice President, General Counsel and Corporate Secretary, since then. Rivera will serve as special advisor to Basta to ensure a smooth transition and advise on key legal matters.
FULC

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07:30 EDT Fulcrum Therapeutics Inc trading resumes
DDAIF...

Hot Stocks

07:29 EDT EU commercial vehicle registrations up 51.3% in May - In May, the EU commercial vehicle market enjoyed another month of strong gains on the back of a low base of comparison due to last year's COVID-19 restrictions, reported the European Automobile Manufacturers Association. New registrations increased by 51.3% to 165,363 units, more than 30,000 below pre-pandemic volume levels, the group said. Five months into 2021, demand for new commercial vehicles in the EU increased by 43.9%, the group added. Publicly traded truck makers and suppliers include Daimler AG (DDAIF), Paccar (PCAR), CNH Industrial (CNHI), Navistar (NAV), Cummins (CMI) and Allison Transmission (ALSN). Reference Link
AGFY

Hot Stocks

07:26 EDT Agrify expands relationship with Nevada Holistic Medicine - Agrify Corporation announced it has entered into a definitive agreement with current customer Nevada Holistic Medicine or the build-out of their 12,400 square foot state-of-the art facility. Under the terms of the agreement, Agrify will provide architectural, engineering, construction and horticultural consulting services, installation and lease of 140 Vertical Farming Units, and five years' use of the Agrify Insights software platform in exchange for at least $12M of production-based and monthly SaaS fees.
FDMT

Hot Stocks

07:23 EDT 4D Molecular announces expected upcoming milestones - 4D-125: Initial biologic activity data from the Phase 1/2 clinical trial of 4D-125 in XLRP are expected in the fourth quarter of 2021, following at least nine months follow-up for all currently enrolled patients. 4D-110: Initial biologic activity data from the Phase 1 clinical trial of 4D-110 in choroideremia are expected in the fourth quarter of 2021, following at least six months follow-up for all currently enrolled patients and completion of the 90-day transition period with Roche. Additionally, after regaining full-rights to 4D-110, 4DMT plans to submit to FDA safety and efficacy data along with a new clinical study protocol, and to initiate a new clinical trial as soon as possible, that enrolls earlier stage patient populations. 4D-310: Initial clinical data from the Phase 1/2 clinical trial of 4D-310 in Fabry disease are expected in the second half of 2021. 4D-150: Initiation of a clinical trial with 4D-150 in wet AMD and diabetic macular edema is expected in the fourth quarter of 2021. 4D-710: Initiation of a clinical trial with 4D-710 in cystic fibrosis lung disease is expected in the fourth quarter of 2021.
FDMT

Hot Stocks

07:23 EDT 4D Molecular announces initial safety data for 4D-110, 4D-125 - 4D Molecular Therapeutics announced an update on their rare disease ophthalmology product candidate portfolio including Phase 1 dose escalation clinical trial safety and tolerability data with 4D-110 for choroideremia and 4D-125 for X-linked retinitis pigmentosa. Both clinical trials employed standard "3+3" dose-escalation designed to assess the safety, tolerability and biologic activity of a single intravitreal injection of either 4D-110 or 4D-125 at two dose levels.. A total of twelve patients were enrolled across dose escalation cohorts, including six who received 4D-110 and six who received 4D-125. Patients received a standard immunosuppression regimen with taper; adjustments were determined by investigators. The results described today are based on data cut-offs as of April 12, 2021 for 4D-110 and April 27, 2021 for 4D-125. 4D-110 and 4D-125 were both well-tolerated.
LLY BIIB

Hot Stocks

07:22 EDT Eli Lilly jumps on expedited plans for Alzheimer's drug, Biogen falls - Eli Lilly (LLY) announced that the Food and Drug Administration granted Breakthrough Therapy designation for donanemab, its investigational antibody therapy for Alzheimer's disease. Lilly intends to submit a biologics license application for donanemab under the accelerated approval pathway later this year based on data from TRAILBLAZER-ALZ. The safety, tolerability and efficacy of donanemab are also being evaluated in the ongoing Phase 3 study TRAILBLAZER-ALZ 2, the company said in a statement. The Phase 2 trial, TRAILBLAZER-ALZ, studied the efficacy and safety of donanemab in patients with early, symptomatic Alzheimer's. Shares of Eli Lilly are up 9%, or $18.50, to $235.60 following the news. Shares of Biogen (BIIB), who recently received FDA approval for its Alzheimer's treatment, are down 6% to $350.02 in premarket trading.
ALRN

Hot Stocks

07:21 EDT Aileron Therapeutics set to join Russell Microcap Index - Aileron Therapeutics announced 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, 2021.
VECT

Hot Stocks

07:21 EDT Vectivbio receives FDA orphan drug designation for apraglutide - VectivBio announced that the FDA has granted orphan drug designation to apraglutide, a next-generation, long-acting GLP-2 analog being developed for rare gastrointestinal diseases, for the prevention of acute graft-versus-host disease, or GVHD. VectivBio plans to initiate a Phase 2 trial evaluating apraglutide for the treatment of aGVHD in the first quarter of 2022. "Gastrointestinal damage is a leading cause of death in patients with acute GVHD," said Omar Khwaja, M.D., Ph.D., Chief Medical Officer of VectivBio. "Preclinical and clinical studies evaluating apraglutide and GLP-2 analogs in acute GVHD indicate that apraglutide's regenerative and anti-inflammatory effects on the GI tract may significantly reduce morbidity and mortality in patients suffering from intestinal GVHD. We are eager to assess apraglutide's potential to prevent and treat this life-threatening disease and look forward to sharing our Phase 2 plans later this year."
FDMT

Hot Stocks

07:20 EDT 4D Molecular anounces rare disease ophthalmology product candidate update - "We believe the initial clinical tolerability and adverse event profile data in twelve patients from our two intravitreal rare disease ophthalmology clinical trials, performed under 4DMT INDs, demonstrate the potential of our intravitreal product platform. We expect to release initial 4D-110 biologic activity data in the fourth quarter of this year when at least six months of follow-up are available for all currently enrolled patients, and after the 90-day transition period with Roche is completed. We are pleased to regain full rights to our 4D-110 product candidate for choroideremia, and to develop it further within our wholly-owned ophthalmology product portfolio," said David Kirn, M.D., Chief Executive Officer, President and Co-founder. "We would like to thank our Roche colleagues for a highly productive collaboration and funding support for the 4D-110 choroideremia program. The 4D-110 program would not be where it is today without their contributions and outstanding commitment supporting the development of innovative new therapies for ophthalmology patients. Patients with these diseases, many of whom are children, are all eventually blinded by these devastating diseases that have no approved therapies." "We are pleased to have completed all Phase 1 dose escalation trial enrollment on the Roche-funded 4D-110 clinical trial. We plan to conclude the Roche-funded clinical trial under the collaboration and subsequently transfer previously treated patients onto a long-term follow-up study to continue monitoring biological activity endpoints and safety," said Robert Kim, M.D., Senior Vice President of Clinical Research, Head of Clinical Ophthalmology at 4DMT. "We are committed to designing and initiating the next 4D-110 clinical trial, including treatment of earlier-stage patients, as soon as possible after reviewing the clinical data with our investigators and the FDA."
HOWL

Hot Stocks

07:19 EDT Werewolf Therapeutics set to join Russell 2000 Index - Werewolf Therapeutics announced that it will be added to the Russell 2000 Index at the conclusion of the Russell US Indexes annual reconstitution on June 28, 2021.
EGLX

Hot Stocks

07:18 EDT Enthusiast Gaming closes acquisition of Tabwire for $11M in cash, stock - Enthusiast Gaming announces it has closed the previously announced acquisition of Tabwire, which owns TabStats, for $11M in cash and stock. Upon closing of the Acquisition, the company made a cash payment of $5M and issued 790,094 common shares in the capital of the company at an agreed value of CAD $9.51 per share, for total share consideration of $6M. The Common Shares are subject to a contractual lock-up with 66.66% released twelve months following the closing date, 16.66% released fifteen months following the closing date, and 16.67% released eighteen months following the closing date. Tabwire is a proprietary technology and data platform enabling gamers to create a cross-platform registered user identification profile to track and directly view their game data in real-time. In addition, it has a feature set including a cheater detection system that enhances fair game play by generating a player trust ranking system for its registered users.
FDMT RHHBY

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07:18 EDT 4D Molecular announces termination of Roche collaboration, license agreement - Roche (RHHBY) requested that 4DMT (FDMT) conclude the Roche-funded 4D-110 trial in advanced choroideremia patients as a result of Roche's assessment of a change in the risk-benefit profile. Subsequently, Roche sent a notice of termination without cause of the Collaboration and License Agreement, effective as of September 16, 2021. As a result, 4DMT will regain full rights to 4D-110. 4DMT has not changed its position on the potential of 4D-110 for choroideremia, a devastating blinding disease with no approved therapies. Based on the totality of the data generated to date, 4DMT intends to continue clinical development. The company plans to submit to FDA safety and efficacy data from the completed Phase 1 clinical trial along with a new clinical study protocol as soon as possible. 4DMT will conclude the Roche-funded clinical trial under the collaboration and plans to subsequently transfer previously treated patients onto a 4DMT-sponsored long-term follow-up study to continue monitoring biologic activity endpoints, safety and tolerability.
KOR

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07:17 EDT Corvus Gold announces additional results from Mother Lode program - Corvus Gold announces it has received additional drill hole results from the Mother Lode mineral resource expansion program. The mineralization defined in these new drill holes continues to support the expansion of Mother Lode's Main Zone in the northern part of the deposit as demonstrated by ML20-193CT. The Company believes that these results continue to increase the expansion potential of the Mother Lode deposit. An updated mineral resource estimate is expected to be prepared upon completion of this round of drilling. Unfortunately, drill hole ML20-193CT was terminated early due to poor drilling conditions as it entered the oxide, Central Intrusive Zone which is below the Main Zone. The potential of this area has been defined in part by earlier drill holes such as ML20-159CT and ML20-165CT. The northern feeder area of the Mother Lode deposit is shaping up to be as large and important as the central feeder zone with potential continued extension at depth. Hole ML20-173CT is confirming a lower grade part of the northern feeder that was hit in earlier hole ML20-179CT.
TECH

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07:16 EDT Bio-Techne and Catamaran Bio expand collaboration for CAR-NK cell therapies - Bio-Techne and Catamaran Bio are expanding their collaboration for the development of cell engineering and cell process technologies for use by Catamaran in the manufacturing of CAR-NK cell therapy products. The companies have now broadened the scope of their collaboration to include the development of novel cell expansion technologies for use in the manufacturing of CAR-NK cell therapy products. In addition, Catamaran has secured a broad worldwide license to Bio-Techne's rights related to the TcBuster transposon system for use in the research, clinical and commercial manufacturing of next generation allogeneic cell therapy products. The initial collaboration between Catamaran and Bio-Techne, which began in 2020, has been focused on optimizing the application of the TcBuster transposon system to CAR-NK cell engineering. The TcBuster transposon system was discovered in the lab of Catamaran's scientific co-founder, and acquired by Bio-Techne in 2019. Bio-Techne will contribute cell expansion technologies and both companies will contribute know-how to enable large-scale production of functional CAR-NK cells.
ALNY

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07:15 EDT FDA accepts Alnylam NDA for vutrisiran, an investigational RNAi therapeutic - Alnylam Pharmaceuticals announced that the U.S. Food and Drug Administration FDA has accepted the Company's New Drug Application NDA for vutrisiran, an investigational RNAi therapeutic for the treatment of the polyneuropathy of hereditary transthyretin-mediated amyloidosis in adults. The FDA has set an action date of April 14, 2022 under the Prescription Drug User Fee Act PDUFA, and the Agency has indicated that they are not currently planning an advisory committee meeting as part of the NDA review. "We are excited that the FDA has accepted our NDA for vutrisiran, which was based on 9-month results from the HELIOS-A study.
AGTC

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07:15 EDT Applied Genetic reports 12-month data from ongoing Phase 1/2 trial of ACHM A3 - Applied Genetic Technologies reported 12-month data from its ongoing achromatopsia Phase 1/2 clinical trials. The path forward for ACHM A3 will be determined after additional pediatric patient data and pre-clinical studies are available and can be evaluated. 12-month data for ACHM A3 are available for 20 patients, including 16 adults and 4 pediatric patients. The results at this time point do not show consistent evidence of ACHM A3 candidate biologic activity, although we believe that the patient-reported anecdotes continue to be encouraging. In contrast with patients in the B3 trial, the majority of whom have mutations that results in the complete absence of B3 protein, the majority of A3 patients have mutations that result in the production of non-functional protein. The results observed to date in the Phase 1/2 ACHM trials suggest that the presence of these non-functional proteins may interfere with the activity of the vector expressed ACHM A3 protein.
AGTC

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07:15 EDT Applied Genetic reports 12-month data from ongoing Phase 1/2 trial of ACHM B3 - Applied Genetic reported 12-month data from its ongoing achromatopsia Phase 1/2 clinical trial. For its ACHM B3 candidate, results demonstrate biologic activity based on improvements in visual sensitivity in the treated area measured by static perimetry and light discomfort measured by the Ocular Photosensitivity Analyzer and are supported by anecdotal patient reports. Based on these data, AGTC intends to advance the ACHM B3 trial to the next stage of clinical development. 12-month data, which are available for 25 patients, consisting of 21 adult and 4 pediatric patients, show continued improvements on perimetry for higher dose and younger patients and include positive patient anecdotes. Improvements in retinal sensitivity as measured by static perimetry were seen in the treated eye compared with the untreated eye in four of 11 patients from the high-dose and pediatric cohorts. Improvements in light discomfort as measured by OPA, were also observed in six of these 11 patients. Improvements in light discomfort also were observed in the untreated eye of these patients, which we believe may suggest possible cortical adaptation within the brain. There is no evidence that this observation is due to the presence of the ACHM B3 vector in the untreated eye. Based on these data, AGTC plans to advance its ACHM B3 program to the next stage of clinical development. Toward this end, the Company is drafting an End-of-Phase 2 briefing packet to submit to the U.S. Food and Drug Administration, developing assays for pivotal ready testing, and planning production of clinical trial material. AGTC believes it has a best-in-class ACHM B3 product candidate that may provide significant benefit to patients. The Company expects to report 3-month data from younger pediatric patients in both the ACHM B3 and ACHM A3 trials in the fourth quarter of 2021.
DRI

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07:15 EDT Darden reports Q4 blended same-restaurant sales up 90.4% y/y - Q4 same-restaurant sales by segment on y/y basis: +61.9% for Olive Garden; +143.6% for Fine Dining; +107.5% for LongHorn Steakhouse; +160.7% for Other Business.
XPO

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07:14 EDT XPO Logistics named official transport partner of Tour de France - XPO Logistics will take to the road on June 26 as the official transport partner of the Tour de France for the 41st consecutive year. When the Tour winner is declared in Paris on July 18, a team of 75 XPO drivers will have piloted 54 trucks over 3,383 kilometers, moving more than 420 tons of cargo. In addition, XPO has expanded its eco-friendly approach to this year's event. The company will trial the biofuel Oleo100 in one of its Euro 6 diesel trucks for the first time, and will use a natural gas-powered truck from its alternative-fuel fleet for the final arrival at the Champs-Elysees finish line. All other trucks deployed by XPO for will use Euro 6 clean diesel engines, and the company is providing eco-training and organically sourced uniforms for its drivers.
NAVB

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07:12 EDT Navidea unit MT wins case against Michael Goldberg for breach of fiduciary duty - Navidea Biopharmaceuticals announced that on June 23, Vice Chancellor Joseph Slights of the Court of Chancery of the State of Delaware ruled in favor of Navidea's wholly-owned subsidiary, Macrophage Therapeutics and against its former CEO, Dr. Michael Goldberg, finding that Dr. Goldberg breached his fiduciary duties to MT. This decision follows an earlier June 12, 2019 ruling in which the Court voided certain transactions putatively authorized by Dr. Goldberg, pursuant to which Dr. Goldberg purported to transfer certain of Navidea's intellectual property rights, which had been sub-licensed to MT to a company controlled by Dr. Goldberg, but had previously ruled that there remained factual questions as to whether Dr. Goldberg's conduct constituted a breach of fiduciary duty to MT. Following a three-day trial and extensive post-trial briefing, the Court agreed with MT that Dr. Goldberg breached his fiduciary duty. Specifically, the Court ruled: "Dr. Goldberg attempted to take for himself that which belonged to. In doing so, he breached his duty of loyalty to [MT] stockholders. was absolutely justified in bringing this action to remedy (in this case undo) the harm caused by Dr. Goldberg's misconduct." The Court disagreed with MT's arguments regarding damages and, other than awarding nominal damages, declined to award additional relief beyond that which it had previously granted. With respect to MT's claim for conversion, the Court found that the claim was not supported because "Dr. Goldberg confirmed that he currently does not own or possess any intellectual property related to either Navidea or and that "any IP Dr. Goldberg created while at Navidea or any of its subsidiaries was and remains the property of Navidea and its subsidiaries."
KPTI

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07:12 EDT Karyopharm expands royalty agreement with HealthCare Royalty for up to $100M - Karyopharm has expanded its royalty agreement with entities managed by HealthCare Royalty Management for up to $100M in new financing to support the ongoing development and commercialization of Xpovio, the company's first-in-class, oral Selective Inhibitor of Nuclear Export compound, and for the clinical development of Karyopharm's other programs, including eltanexor. Xpovio is currently marketed in the U.S. for multiple hematologic malignancy indications and has received conditional marketing authorization by the European Commission for patients with heavily pretreated multiple myeloma. Eltanexor is currently being investigated for the treatment of patients with refractory myelodysplastic syndrome. Under the terms of the amended agreement, Karyopharm received $60M and is eligible to receive two additional $20M payments subject to certain prespecified future development and commercial milestones. HCR will receive tiered royalty payments based on worldwide net revenues of Xpovio and any other future products. This expanded agreement follows a previous investment of $75M that HCR made in Karyopharm in September 2019. Karyopharm expects that the $60M received from HCR under this expanded royalty agreement, combined with its existing cash, cash equivalents and investments, and the cash expected to be generated from product sales, will be sufficient to fund its operations into the middle of 2023.
FULC

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07:11 EDT Fulcrum Therapeutics says losmapimod was well tolerated in ReDUX4 trial - Losmapimod-treated participants showed decreased progression in the treatment efficacy composite measure of muscle fat infiltration as measured in intermediate muscles, those most likely to change. Normal appearing muscles appeared to be preserved in the losmapimod group versus placebo based on a post hoc analysis. Muscle fat infiltration is a measure of diffuse fatty infiltration in lean muscle tissue that is correlated with disease severity in FSHD. Participants in ReDUX4 trial were assessed with a quantitative whole body musculoskeletal magnetic resonance imaging which provides a holistic evaluation of skeletal musculature with the ability to volumetrically measure fat replacement of skeletal muscle in FSHD. Prior clinical trials have demonstrated that the amount of muscle fat replacement correlates with muscle function in many neuromuscular diseases, including FSHD. Furthermore, changes in fat content are correlated with changes in function. Taken together, ReDUX4 demonstrated that this MRI technology has sufficient sensitivity to detect FSHD relevant disease progression. Treatment with losmapimod was shown to slow the rate of decline and improve accessible surface area in Reachable Workspace measures. Prior studies have shown that RWS correlates with changes in the ability of patients to independently perform activities of daily living. Based on published results, reachable workspace is an important measure of disability. The disease tends to progress from the upper body down, and loss of shoulder movement leads to loss of mobility. Participants in the losmapimod group showed improvements of up to 1.5% from baseline in the accessible surface area when using a 500g weight on their wrist compared to placebo. Participants in the placebo group were able to access 2 to 4% less total surface area measured by RWS after 48 weeks. Participants reported feeling better when treated with losmapimod compared to placebo through the Patient Global Impression of Change assessment. PGIC, a measure of self-reported change in how a patient feels and functions, showed that participants were able to recognize improvements after 48 weeks of treatment. More participants in the losmapimod group reported improvement at 48 weeks compared to placebo. Four times more losmapimod participants reported improvement over time as compared to participants treated with placebo. Importantly, fewer losmapimod participants reported worsening as compared to placebo, and no losmapimod participants reported being "much worse" as compared to more than 13% of placebo participants, who reported that their disease had become "much worse." Additional secondary and exploratory endpoints measuring disease progression and function demonstrated differences between losmapimod and placebo at week 48. In a post hoc analysis, dynamometry, which measures muscle strength, demonstrated that participants in the losmapimod group showed non-statistically significant trends of slower progression, as well as meaningful improvements in the strength of bilateral shoulder abductors and ankle dorsiflexors, two muscle groups particularly affected in FSHD, compared to placebo. Functional scales including RWS and TUG showed improvements in limb function consistent with dynamometry results. Two recently designed scales, did not demonstrate changes from baseline in either group or differences between losmapimod and placebo groups, suggesting that these tests are not sensitive to change over the 48-week time period. Motor function measure also showed no changes in either group or differences between the groups over 48 weeks. There was no difference in muscle fat fraction or lean muscle volume between losmapimod and placebo groups at 48 weeks in intermediate muscles. The Company believes it may observe statistically significant differences in these measures with more time. Additional MRI data will be presented during the IRC meeting. Fulcrum will continue to analyze data from each endpoint to determine their viability for future trials. Blood concentrations and target engagement in muscle were consistent with previous studies and were within the expected range for clinical efficacy. Safety and tolerability data were consistent with previously reported results with no drug-related serious adverse events reported. Losmapimod was generally well-tolerated and the majority of treatment emergent adverse events were deemed unlikely related or not related to study drug by the investigator. There were three serious adverse events reported in two participants in the losmapimod group, each assessed as unrelated to losmapimod. There were no deaths or discontinuations due to adverse events. Losmapimod has now been evaluated in over 3,600 subjects in clinical trials across multiple indications, including FSHD.
PLTR

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07:10 EDT Palantir partners with DataRobot on forecasting - DataRobot and Palantir Technologies announced a new partnership designed to create unique, agile, and real-time solutions to help solve the most pressing demand forecasting problems. DataRobot and Palantir have partnered to create a custom, newly developed framework that will empower companies to take on a more nimble strategy to demand forecasting, eliminating the time and resources spent on manual data cleansing and one-off manual modeling. The framework combines the best of Palantir Foundry and DataRobot model development capabilities to give customers the ability to create and test data-driven, easily updated forecasting models in minutes, not months, from a single platform. With a holistic view of the retail ecosystem, brands will be able to avoid previous blind spots, and make better and more impactful business decisions.
SSTK

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07:09 EDT Shutterstock signs partnership with photographer Miles Diggs - Shutterstock announced an exclusive editorial partnership with "celebrity street style photographer" Miles Diggs AKA "Diggzy." Diggzy's celebrity portraits have been featured in global publications, including VOGUE, The New York Times and Vanity Fair. Diggzy's collection of photography will form part of The Newsroom, a concierge service for access to exclusive premium content.
FULC

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07:09 EDT Fulcrum Therapeutics says ReDUX4 trial did not meet primary endpoint - Fulcrum Therapeutics announced results from the company's Phase 2b trial, ReDUX4, in people with facioscapulohumeral muscular dystrophy. Results being presented with losmapimod at the FSHD International Research Congress showed clinically relevant and statistically significant benefits versus placebo on multiple measures of structural and functional FSHD disease progression and patient reported outcomes at 48 weeks. Losmapimod was generally well-tolerated, with no drug-related serious adverse events reported. Consistent with the previously reported interim analyses the primary endpoint was not met. Changes in DUX4-driven gene expression, which were included in the trial as an experimental biomarker endpoint, could not be demonstrated, the Company believes due to several technical and biologic variables with the endpoint. Based on results, the Company plans to meet with health authorities, including the U.S. Food and Drug Administration, in the second half of 2021 to determine the regulatory path for losmapimod in FSHD. ReDUX4 was an equally randomized, double-blind, placebo-controlled multicenter international Phase 2b clinical trial in 80 participants with FSHD designed to investigate the efficacy and safety of oral administration of losmapimod 15 mg twice per day. As a result of the COVID-19 pandemic, Fulcrum announced in May 2020 that the trial had been extended from 24 to 48 weeks to ensure the safety of participation during the pandemic. This extension also enabled the collection of safety and efficacy data over a longer time period. Over the course of the trial, there were three discontinuations, none of which were assessed to be related to study drug. Following the completion of the trial, 99% of eligible participants elected to continue in the Open Label Extension trial. The primary endpoint, change from baseline in DUX4-driven gene expression in affected skeletal muscle at Week 16 or Week 36, was not met. Reduction in DUX4-driven gene expression was included as an experimental biomarker endpoint because the Company believed it would correlate with downstream clinical improvements in patients with FSHD. Losmapimod reduced DUX4-driven gene expression in preclinical in vivo and in vitro experiments. ReDUX4 was the first interventional clinical trial to test whether changes in intramuscular DUX4-driven gene expression could be assessed in patients with FSHD. FSHD is a highly heterogenous disease, and DUX4 expression in each patient's muscle is heterogeneous and stochastic. In the losmapimod treatment arm, repeat muscle needle biopsies at Week 16 or 36 did not demonstrate a difference in DUX4 activity, including from the prespecified subgroup analyses by DUX4-expressing quartiles. The ability to detect changes in DUX4-driven gene expression was confounded by significant variability across biopsies at baseline and upon repeat biopsy in both the placebo and losmapimod groups. The Company believes the sources of the variability include the stochastic nature of DUX4 expression in which biopsy samples showed a dynamic state of expression, the scarcity of DUX4 positive myonuclei, as well as the relative imprecision in the needle biopsy procedure across multiple clinical trial sites. While a reduction in the molecular biomarker of DUX4-driven gene expression was not observed, the Company believes that benefits on muscle health, function and patient benefit observed in the clinical trial were associated with a reduction of DUX4-driven gene expression.
STM...

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07:09 EDT STMicroelectronics collaborates with Arrival to provide technology for EVs - STMicroelectronics (STM) announced its collaboration with Arrival (ARVL) to provide semiconductor technologies and products for Arrival's vehicles including automotive microcontrollers and power and battery-management devices. "Arrival has chosen ST as one of its key partners in bringing its connected electric vehicles, or EVs, to market. ST's technology will provide Arrival's customers with future-proofed zero-emission commercial vehicles as part of an integrated mobility ecosystem. Arrival has selected ST's high-performance, secure automotive microcontrollers for their modular ECU platform, as well as other ST technologies including smart-power and battery-management devices for efficient vehicle electrification," the company said. Arrival's entire vehicle portfolio, including its Van, Bus, and recently announced Car, which is being designed in partnership with Uber (UBER) for ride-hailing, will feature ST's technologies.
VKTX

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07:08 EDT Viking Therapeutics initiates Phase 1b clinical trial of VK0214 - Viking Therapeutics announced the initiation of a Phase 1b clinical trial of VK0214, a novel small molecule agonist of the thyroid hormone receptor beta, in patients with X-linked adrenoleukodystrophy. The study is open to enrollment at clinical sites within the United States. VK0214 has been granted orphan drug designation by the FDA for the treatment of X-ALD.
GOOS

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07:07 EDT Canada Goose will stop using fur in its products - Canada Goose announced that it will end the use of all fur in its products. This announcement is driven by its focus on its purpose-based platform, HUMANATURE, relentless innovation, and expanding lifestyle relevance. Through a phased approach, Canada Goose will end the purchase of fur by the end of 2021 and cease manufacturing with fur no later than the end of 2022.
EIHDF

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07:07 EDT 888, ABG announce U.S. online sports betting partnership for Sports Illustrated - 888 Holdings and Authentic Brands Group, or ABG, a brand development, marketing and entertainment company and owner of the Sports Illustrated brand, announced an exclusive partnership to develop Sports Illustrated online sports betting and iGaming products in the United States. 888 expects to kick off the partnership with the launch of an all-new Sports Illustrated wagering experience later this year branded SI Sportsbook, which is expected to launch in Colorado in the second half of 2021, with other states to follow. Under the commercial agreement, ABG will grant to 888 an exclusive license for the use of the Sports Illustrated brand and trademarks for online sports betting and iGaming, and certain exclusive advertising and editorial integration rights on select Sports Illustrated branded digital assets. As part of the transaction, ABG will receive certain brand license and affiliate fees, and a minority passive interest in the 888 group company holding certain of its U.S. licensed B2C activity. In addition, during the term of the commercial agreement, 888 has agreed to a minimum annual advertising commitment on certain ABG media assets. Itai Pazner, CEO, 888 said: "We are delighted to announce this strategic partnership, enabling us to accelerate our investment into the U.S., which represents one of the most exciting long-term growth opportunities for our company. Sports Illustrated is an iconic sports media brand, with high awareness and consumer loyalty. This agreement provides us access to millions of engaged sports fans across the U.S., giving us a high-volume and cost-effective customer acquisition channel, and great content to engage sports fans. We are excited about the potential to deliver our cutting-edge, proprietary sportsbook platform into the market, providing Sports Illustrated fans with a first-class betting and gaming experience." Reference Link
DRI

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07:06 EDT Darden raises quarterly dividend 25% to $1.10 per share - Darden's Board of Directors declared a quarterly cash dividend of $1.10 per share, a 25% increase from third quarter fiscal 2021, on the company's outstanding common stock. The dividend is payable on August 2 to shareholders of record at the close of business on July 9.
CSIQ

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07:06 EDT Canadian Solar secures EUR50M from Santander for growth in EMEA region - Canadian Solar has secured a EUR50M bilateral corporate facility with Banco Santander. The facility will support growth at Canadian Solar's Global Energy business as it executes and expands on its project development pipeline in the Europe, Middle East and Africa, or EMEA region. This is the second facility between Canadian Solar's European subsidiary and Santander over the past year. The new facility is composed of a term loan and a revolving credit facility of equal amounts. As of Q1, Canadian Solar has a total global solar PV project pipeline of 21 GWp, of which nearly 4 GWp is in EMEA.
ZEAL

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07:04 EDT Zealand Pharma announces U.S. commercial availability of ZEGALOGUE injection - Zealand Pharma announced that ZEGALOGUE injection 0.6mg/0.6mL is now commercially available in the U.S. in both an auto-injector and prefilled syringe. "We are thrilled to announce that ZEGALOGUE is now available to support people with diabetes and their caregivers," said Frank Sanders, President of U.S. Operations for Zealand Pharma. "One of the most frightening aspects of living with type 1 diabetes is the ever-present worry that an unexpected severe hypoglycemic event could occur at any time. This can be especially worrisome for people who are preparing for travel, the back to school season with a resumption of in-person learning, and other events away from home after a long period of isolation during the pandemic. The commercial availability of ZEGALOGUE brings us one step closer to helping people feel confident and prepared to address the unpredictable nature of severe hypoglycemia." The program includes co-pay support for eligible commercially insured patients who may pay $25 for up to two ZEGALOGUE devices per fill, and the opportunity to receive home prescription delivery. The U.S. Food and Drug Administration approved ZEGALOGUE on March 22, 2021 for the treatment of severe hypoglycemia in pediatric and adult patients with diabetes aged 6 years and above.
HBB

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07:04 EDT Hamilton Beach, Health Beacon in strategic pact - Hamilton Beach Brands, and HealthBeacon Limited announced they have entered into a strategic partnership to provide a smart Injection Care Management System ICMS in the U.S. and Canada under the new brand name Hamilton Beach Health beginning in the fourth quarter of 2021. The ICMS includes a new Smart Sharps(TM) Bin from Hamilton Beach(R) Health powered by HealthBeacon. Combined with its companion app, the system provides medication management reminders, tracks adherence, and provides for the safe and convenient disposal of used sharps through the U.S. Postal Service's approved mail-back program. In addition to providing the brand identity, Hamilton Beach Brands will be the exclusive marketer and distributor to the direct-to-consumer and retail channels in the U.S. and Canada. HealthBeacon will manufacture, activate the technology, manage data and security, and collect and replace the disposal bins. "We are extremely pleased to partner with HealthBeacon as we expand our focus on the home health and wellness market," said Greg Trepp, president and CEO, Hamilton Beach Brands, Inc. "We have been a leading provider of small appliances for more than 100 years and Hamilton Beach is one of the most recognized and trusted brands in the U.S. and Canada. This partnership will leverage our brand equity, our leadership in marketing and distribution, and our retailer relationships. Our goal is to build upon the success of this system that has been established in several global markets. We look forward to making it easier for patients in the U.S. and Canada to manage their injectable medications, stay on track with their treatment schedule and safely manage the disposal of their used sharps."
ARAV

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07:03 EDT Aravive announces initial results from Phase 1b portion of study of AVB-500 - Aravive announced "positive" initial results from the Phase 1b portion of its Phase 1b/2 study in patients dosed with 15mg/kg of AVB-500 in combination with cabozantinib who have clear cell renal cell carcinoma. The data in three evaluable patients showed that AVB-500 was well tolerated with no unexpected findings. Based on the pharmacokinetics, pharmacodynamics, and safety data at 15mg/kg of AVB-500, and approval by the Data and Safety Monitoring Board, the company plans to expand the dosing of 15mg/kg of AVB-500 to an additional three patients to determine the potential of initiating the Phase 2 portion with this dose. The company also expects to continue to investigate higher doses of AVB-500 in the Phase 1b to obtain additional safety, pharmacokinetics, and pharmacodynamics information. "We are pleased to announce the favorable results in the first cohort of our clear cell renal cell carcinoma Phase 1b study, as we continue to advance AVB-500 and evaluate its ability to address an urgent, high unmet medical need in patients with advanced kidney cancer who have very low survival rates," said Gail McIntyre, Ph.D., CEO of Aravive. "We continue to focus on difficult-to-treat life threatening cancers with AVB-500, and in addition to our clear cell renal cell carcinoma clinical trial, our lead indication in paclitaxel resistant ovarian cancer is in a Phase 3 clinical trial, and we recently announced that we plan to initiate a Phase 1b/2 clinical trial in first-line metastatic pancreatic cancer in the second half of this year. We are enthusiastic about the clinical data with AVB-500 in combination with anticancer therapies that continue to show consistent PK/PD data and a favorable safety profile. These combinations may have the potential to be used in a range of different cancers."
BSX

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07:02 EDT Boston Scientific exercises option to acquire Farapulse - Boston Scientific exercised its option to acquire the remaining shares of Farapulse. The acquisition will complement the existing Boston Scientific electrophysiology portfolio to include the FARAPULSE Pulsed Field Ablation System - a non-thermal ablation system for the treatment of atrial fibrillation and other cardiac arrhythmias. Boston Scientific has been an investor in Farapulse since 2014 and currently holds an equity stake of approximately 27%. As a result, the transaction consists of an upfront payment of approximately $295M for the 73% stake not yet owned, up to $92M upon achievement of certain clinical and regulatory milestones as well as additional revenue-based payments for the next three years.
DRI

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07:01 EDT Darden reports Q4 blended same-restaurant sales up 90.4%
FULC

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06:58 EDT Fulcrum Therapeutics Inc trading halted, news pending
ACM

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06:58 EDT Aecom selected by New Jersey Turnpike Interchange for management services - Aecom has been selected to provide program management services for the New Jersey Turnpike Authority's $1.1B Interchange 1 to 4 Widening Program. Aecom will provide program management, preliminary engineering, and environmental services for the project's permitting, design, and construction phases. In addition to increasing mobility, the Interchange 1 to 4 Widening Program provides the Authority the opportunity to make further improvements.
EC

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06:57 EDT Ecopetrol announces exclusivity period for ISA stake acquisition is extended - Ecopetrol informs that the exclusivity agreement signed with the Ministry of Finance and Public Credit, or MHCP on February 12, in connection with Ecopetrol's potential acquisition of MHCP's 51.4% stake in Interconexion Electrica, or ISA, has been extended until August 31. The exclusivity agreement provides the framework through which the negotiation process and due diligence activities for the potential acquisition have been ongoing. Moreover, Ecopetrol has informed the MHCP of its decision of not conditioning the closing of ISA's acquisition to an equity offering. This decision relies on the evolution of the financial situation of Ecopetrol Group, which provides the flexibility to achieve the closing of the ISA transaction through a credit facility with international banks, and aligned with the leverage parameters established in the company's business plan. The disbursement of such credit facility would be subject to the closing of the ISA transaction. Notwithstanding the above, the company will continue working on structural financing initiatives for the energy transition strategy, such as an equity issuance and/or the execution of medium and long-term debt transactions.
VLDR

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06:55 EDT Velodyne Lidar launches India Design Center in Bangalore - Velodyne Lidar launched its new India Design Center in Bangalore. The India Design Center will closely collaborate with Velodyne's San Jose, Calif.-based engineering team in R&D to build customer-focused solutions. The center will be led by Parthasarathy Narasimhan, who has joined Velodyne as Vice President of Engineering and Managing Director of the India Design Center. Narasimhan most recently worked at OpenSilicon. In addition to R&D, the center will foster customer and partner opportunities in India for lidar-based solutions in automotive and new mobility.
ACN

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06:55 EDT Accenture reports Q3 new bookings $15.4B, up 39% y/y - With consulting bookings of $8B and outsourcing bookings of $7.4B.
KKR

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06:52 EDT KKR announces intra-quarter monetization activity for Q2 - KKR announced a monetization activity update for the period from April 1, 2021 through June 24, 2021. Based on information available to us as of today, with respect to the period through June 24, 2021, KKR has earned gross realized carried interest and realized investment income in excess of $900M, of which approximately 65% is gross realized carried interest and approximately 35% is realized investment income. This is driven primarily by strategic and secondary sale transactions that have closed quarter to-date, as well as dividend and interest income from KKR's balance sheet portfolio. The estimate disclosed above is not intended to predict or represent the total revenues for the full quarter ending June 30, 2021, because it does not include the results or impact of any other sources of income, including fee income, losses or expenses. This estimate is also not necessarily indicative of the results that may be expected for any other period, including the entire year ending December 31, 2021.
MRK AZN

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06:52 EDT Merck and AstraZeneca's Lynparza granted conditional approval in China for mCRPC - AstraZeneca (AZN) and Merck (MRK) announced that Lynparza, which is being jointly developed and commercialized by both companies, has been granted conditional approval in China as monotherapy for the treatment of adult patients with germline or somatic BRCA-mutated metastatic castration-resistant prostate cancer who have progressed following prior treatment that included a new hormonal agent. The approval by the Chinese National Medical Products Administration was based on a subgroup analysis of the Phase 3 PROfound trial which showed that Lynparza demonstrated a substantial improvement in radiographic progression-free survival and overall survival versus abiraterone or enzalutamide in men with BRCA1/2 mutations. Continued approval is contingent upon verification and description of clinical benefit in a planned bridging trial with Chinese patients. Results showed Lynparza reduced the risk of disease progression or death by 78% and improved rPFS to a median of 9.8 months versus 3.0 months with abiraterone or enzalutamide in men with mCRPC with BRCA1/2 mutations. In addition, Lynparza reduced the risk of death by 37% with a median OS of 20.1 months versus 14.4 months with abiraterone or enzalutamide. The most common adverse reactions in the PROfound trial for Lynparza were anemia, nausea, fatigue, decreased appetite, diarrhea, vomiting, thrombocytopenia, cough and dyspnea. Regulatory reviews are ongoing in other countries around the world. AstraZeneca and Merck are exploring additional trials in metastatic prostate cancer, including the ongoing Phase 3 PROpel trial for patients with mCRPC versus abiraterone alone. Results are anticipated in the second half of 2021.
EGRX

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06:51 EDT Eagle Pharmaceuticals: FDA maintains prioritization of ANDA for vasopressin - Eagle Pharmaceuticals announced that the U.S. FDA has maintained Priority Review for the company's Abbreviated New Drug Application for vasopressin. The company's response to the CRL was submitted on June 15. The FDA has assigned a GDUFA date of December 15, 2021, and the company expects a commercial launch prior to year-end. Eagle is first to file an ANDA referencing Vasostrict, which had total U.S. sales of $786M in 2020.
ACN

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06:50 EDT Accenture raises FY21 operating cash flow view to $8.65B-$9.15B - Compared with $7.65B-$8.15B previously; continues to expect property and equipment additions to be $650M; and now expects free cash flow to be in the range of $8B-$8.5B, compared with $7B-$7.5B previously. The company continues to expect to return at least $5.8B in cash to shareholders through dividends and share repurchases.
LLY

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06:46 EDT Eli Lilly receives breakthrough therapy designation for donanemab from FDA - The FDA granted breakthrough therapy designation for donanemab, Eli Lilly's investigational antibody therapy for Alzheimer's disease, or AD.
BC

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06:32 EDT Brunswick to acquire Navico for $1.05B - Brunswick announced that it has entered into a definitive agreement to acquire Navico, "a global leader in marine electronics and sensors" for $1.05B. As a result of this acquisition, Brunswick will add the industry leading brands of Lowrance, Simrad, B&G, and C-MAP to its Advanced Systems Group, which includes the leading Parts & Accessories brands in power management, digital control and monitoring, and networked devices. Navico's revenues totaled approximately $470M for the trailing 12-month period ended May 31, 2021, with attractive revenue growth, a strong margin profile, and a capital efficient business model. Brunswick's P&A segment accounts for about $1.5B - or 35% of total 2020 annual revenues. With the addition of Navico, Brunswick expects its P&A businesses to have revenues on a run-rate basis exceeding $2B. Navico's significant aftermarket orientation and attractive margin profile further add to Brunswick's cycle resistant business profile. Brunswick will be using a combination of debt and cash on its balance sheet to fund the acquisition. Brunswick remains committed to maintaining its investment grade credit rating and at close expects its debt-to-EBITDA ratio to be approximately 1.7x on a gross basis. The closing of the transaction is anticipated during the second half of 2021 and is subject to usual and customary closing conditions as well as regulatory review and approval.
AZN MRK

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06:27 EDT AstraZeneca's Lynparza approved in China to treat mCRPC - AstraZeneca (AZN) and Merck's (MRK) Lynparza, or olaparib, has been granted conditional approval in China to treat adult patients with germline or somatic BRCA-mutated metastatic castration-resistant prostate cancer, or mCRPC, who have progressed following treatment that included a new hormonal agent. The approval by China's National Medical Products Administration was based on a subgroup analysis of the PROfound Phase III trial, which showed that Lynparza demonstrated a substantial improvement in radiographic progression-free survival and overall survival versus abiraterone or enzalutamide in men with BRCA1/2 mutations. Continued approval is contingent upon verification and description of clinical benefit in a planned bridging trial with Chinese patients. The subgroup analysis from the PROfound Phase III trial showed Lynparza reduced the risk of disease progression or death by 78% and improved rPFS to a median of 9.8 months versus 3.0 with abiraterone or enzalutamide in men with mCRPC with BRCA1/2 mutations. In addition, Lynparza reduced the risk of death by 37% with median OS of 20.1 months versus 14.4 with abiraterone or enzalutamide. Reference Link
VRAY

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06:13 EDT ViewRay expands partnership with GenesisCare - GenesisCare announced it expanded its partnership with ViewRay by purchasing new MRIdian MR-Guided Therapy Systems to offer radiation therapy. The MRIdian system provides oncologists acute visualization through diagnostic-quality MR images and the ability to adapt to target cancer in real-time. The systems will be installed in U.S. locations first, beginning with Fort Myers, Florida, then expanding across the United Kingdom and beyond.
NXE

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06:03 EDT NexGen Energy to list on ASX - NexGen Energy announced that it has filed a prospectus with the Australian Securities and Investments Commission in connection with NexGen's application for admission to the Australian Securities Exchange, or ASX, as a Foreign Exempt Listing and quotation of its shares as Chess Depositary Instruments on July 2 under the code "NXG". Further, NexGen is in the final stages of preparing for a 2021 exploration program at Rook I. This program will focus on known prospective targets incorporating geological data sets and surveys accumulated over the last 10 years. The Patterson Corridor alone on the Rook I Property that hosts the Arrow Deposit, has over 90% yet to be explored. In addition, the Rook I property hosts an additional 8 known corridors running parallel to the east of the Patterson which are all yet to be drilled. The proposed exploration program is scheduled to commence in the coming months incorporating and subject to the exploration, health and safety protocols administered by the Provincial Government and Health Authority.
PKI

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06:02 EDT PerkinElmer 'anticipates exceeding' previously announced Q2 financial guidance - PerkinElmer announced ahead of this morning's Virtual Investor and Analyst Day that it anticipates exceeding its previously announced financial guidance for the second quarter ending July 4, driven by broad-based momentum across both COVID and non-COVID businesses.
PM

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05:36 EDT Philip Morris calls for representatives to combat illicit cigarettes - Philip Morris is calling for public and private representatives to jointly combat illicit trade as a new report produced by KPMG was released on the consumption and flows of illicit cigarettes in 30 European countries-the 27 European Union, or EU, member states, as well as U.K., Norway and Switzerland. The study estimates that, while total cigarette consumption continues to decline, the share of illicit cigarettes increased by one half of a percentage point to 7.8% of total consumption in 2020, reaching 34.2B cigarettes consumed across the EU 27 member states, or EU27. The increase of illicit cigarettes-which consist of contraband, counterfeit, and illicit whites-was driven by an unprecedented 87% surge in counterfeit consumption. The tax loss for governments in the EU27 now amounts to approximately EUR 8.5B. The annual study, conducted independently by KPMG and commissioned by PMI, shows how legal and illicit cigarette consumption was impacted by the COVID-19 pandemic, a period of lockdowns and restricted movement of people within the EU coupled with declines in affordability. The report estimates that total consumption of cigarettes declined by 4.7% in 2020 to 438.8B in the EU27, while the COVID-19-related border controls and travel restrictions resulted in a sharp decrease of non-domestic consumption, which declined in 2020 by 18.5%. It is noted that the decline in total cigarette consumption also coincided with the growth of 6B cigarette equivalent units in the fine cut tobacco category in 2020. Consumption of illicit whites and other contraband cigarettes decreased year-over-year, but these declines were more than offset by an increase in counterfeit, which almost doubled in 2020, equating to 10.3B fake cigarettes, up from 5.5B in 2019. This was estimated to be driven mainly by an unprecedented 609% increase in counterfeit cigarette consumption in France, reaching 6B fake cigarettes consumed in the country alone.
DADA

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05:30 EDT Dada Group partners with The Colorist, Wow Colour - Dada Group announced that the company has established partnerships with two of China's cosmetics retailers The Colorist and Wow Colour. Under the agreement, JDDJ, Dada's on-demand retail platform, will deepen cooperation with The Colorist and Wow Colour in terms of product management, digital marketing, targeted user operations, and order fulfillment optimization; and will provide integrated offline and online retail solutions. As part of these partnerships, Dada's on-demand delivery platform Dada Now will offer on-demand order fulfillment services for The Colorist and Wow Colour with one-hour delivery. Moreover, JDDJ will collaborate with JD Beauty to support The Colorist and Wow Colour in their respective omni-channel retail strategies, and jointly build a new on-demand retail model of cosmetics brands.
RHHBY

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05:26 EDT Genentech announces FDA acceptance of Port Delivery System with ranibizumab BLA - Genentech, a member of the Roche Group, announced that the FDA has accepted the company's biologics license application, or BLA, under priority review, for Port Delivery System with ranibizumab, or PDS, for the treatment of wet, or neovascular, age-related macular degeneration, or AMD. Wet AMD is a leading cause of blindness for people aged 60 and over and impacts approximately 1.1M people in the United States. If approved, PDS would be a first-of-its-kind therapeutic approach, offering people living with wet AMD an alternative to frequent eye injections of anti-vascular endothelial growth factor, the current standard of care. The FDA is expected to make a decision on approval by October 23.
STM TSEM

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05:23 EDT STMicroelectronics, Tower Semiconductor partner on Agrate R3 300mm fab in Italy - STMicroelectronics (STM) and Tower Semiconductor (TSEM) announced an agreement by which ST will welcome Tower to its Agrate R3 300mm fab under construction on its Agrate Brianza site in Italy. ST and Tower will join forces for an accelerated fab ramp-up, a key factor to reach a high utilization level and therefore a competitive wafer cost. ST will share the cleanroom in R3, with Tower installing its own equipment in one third of the total space. The fab is expected to be ready for equipment installation later this year and start production in the second half of 2022. ST and Tower will share the clean room space and the facility infrastructure. Both companies will invest in their respective process equipment and work together on the acceleration of the fab qualification and subsequent ramp-up. Operations will continue to be managed by ST, with select Tower personnel seconded to ST in specific roles to support fab qualification and volume ramp-up, as well as other engineering and process roles. In the early stage 130, 90 and 65nm processes for smart power, analog mixed signal and RF processes will be qualified in R3. The products in these technologies will be notably used in automotive, industrial and personal electronics applications. To implement this project, Tower will establish a wholly-owned Italian subsidiary. Tower will provide details on its cap-ex investment schedule and amounts invested as the project progresses.
V

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05:20 EDT Visa to acquire Tink for EUR 1.8B - Visa announced it has signed a definitive agreement to acquire Tink, a European open banking platform that enables financial institutions, fintechs and merchants to build financial management tools, products and services for European consumers and businesses based on their financial data. Visa will pay total financial consideration of EUR 1.8B, inclusive of cash and retention incentives, to acquire Tink. Through a single API, Tink allows its customers to access aggregated financial data, use financial services such as risk insights and account verification and build personal finance management tools. Tink is integrated with more than 3,400 banks and financial institutions, reaching millions of bank customers across Europe. Tink will retain its brand and current management team, and its headquarters will remain in Stockholm, Sweden. The transaction is subject to regulatory approvals and other customary closing conditions. Visa will fund the transaction from cash on hand and this transaction will have no impact on Visa's previously announced stock buyback program or dividend policy.
EBAY

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05:08 EDT eBay to sell 80.01% stake in Korean business to Emart for $3B in cash proceeds - eBay and Emart announced they reached an agreement for the purchase by Emart of eBay's businesses in Korea. Execution of the fully negotiated and finalized purchase agreement is contingent upon the Bank of Korea's acceptance of the filings related to foreign exchange transactions. The form of the purchase agreement, agreed upon by the parties, is subject to change only by mutual agreement between eBay and Emart. Pursuant to the transaction, eBay will sell an 80.01% stake in its Korean businesses for approximately $3B of gross cash proceeds. Together, eBay Korea and Emart can build a 360-degree ecosystem which will allow full touch points with customers in categories ranging from grocery to general merchandise. Over the next four years, Emart plans to invest more than 1T KRW in fulfillment centers. Offline stores will also be utilized to serve as fulfillment centers, reinforcing Shinsegae Group's supply chain management system. This will enhance Emart's same-day delivery capabilities and improve fulfillment centers' capacity utilization. During FY20, eBay's off-platform businesses in Korea contributed over $14B in GMV, and approximately $1.4B in revenue, with operating margins in the mid to high single digit range. eBay plans to report these businesses as discontinued operations going forward and will publish restated historical financials prior to the next earnings release. The transaction is expected to close by the end of the year or early next year, subject to regulatory approvals.
IMBI

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05:04 EDT iMedia Brands announces relaunch of CBK brand - iMedia Brands announced its leveraging of ShopHQ to accelerate the relaunch of the 65-year-old Christopher & Banks brand, or CBK, in the United States. CBK was founded in 1956 and is a brand that specializes in offering women's apparel and accessories. For FY19, CBK reported approximately $349M in revenue, with approximately $79M in digital-only revenue and approximately $269M in brick-and-mortar retail and other revenue. For FY20, CBK reported approximately $171M in revenue in the first nine months. "Less than four months ago iMedia acquired this amazing brand that has over 1.5 million passionate and loyal customers," said Tim Peterman, iMedia's CEO. "I'm excited to report that our progress on the integration and relaunch of CBK has been swift and meaningful."