Stockwinners Market Radar for July 08, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
DNUT | Hot Stocks20:37 EDT Krispy Kreme chairman buys 294K shares of common stock - In a regulatory filing, Krispy Kreme disclosed that its board chairman Olivier Goudet bought 294K shares of common stock on July 6th in a total transaction size of $4.71M.
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SMAR | Hot Stocks20:36 EDT Smartsheet CFO buys 1.4K shares of common stock - In a regulatory filing, Smartsheet disclosed that its CFO Pete Godbole bought 1.4K shares of common stock on July 6th in a total transaction size of $106K.
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KSU CNI | Hot Stocks19:34 EDT Kansas City Southern, Canadian National outline benefits of merger - In a joint filing, the companies announced that their tie-up would "enhance competition by delivering more choices to rail customers". The companies stated: "The combination allows shippers the ability to connect with other Class I carriers up and down the combined network so that a shipper can use the most efficient and lowest cost gateway and routing options available for a particular move. The combined network will connect with partner Class Is at numerous major gateways, providing unprecedented choice, resiliency and flexibility... Keeping gateways open on commercially reasonable terms: CN (CNI) and KCS (KSU) are committed to keeping CN and KCS major rail gateways open both physically and commercially. This means that agricultural customers, including farmer-owned co-operatives enjoying existing competitive joint line routings through gateways with CN or KCS and another carrier, will continue to have those routings available upon completion of the merger. Everyone benefits from this commitment. Customers will continue to enjoy the interline service they have today, along with new, enhanced rail-to-rail competition that the combination would make possible. And by creating more optionality through major gateways, we will offer customers a new ability to shop for the best price and service combination."
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CYCN | Hot Stocks19:23 EDT Cyclerion Therapeutics, Beacon Biosignals announces strategic partnership - Cyclerion Therapeutics, Inc. and Beacon Biosignals announced an extended and expanded strategic partnership between the two companies. This collaboration is expected to identify disease-relevant biomarkers to refine patient selection and endpoints to guide the clinical development of Cyclerion's investigational therapeutics for neurological diseases associated with cognitive impairment. "Beacon Biosignals is the leader in the identification of disease-relevant EEG neurological biomarkers. We believe that the application of this technology to our innovative pipeline may be quite powerful in guiding efficient drug development, and we look forward to a productive partnership focused on successfully advancing CY6463 for diseases associated with cognitive impairment," said Andy Busch Ph.D., Chief Scientific Officer of Cyclerion Therapeutics.
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SQ... | Hot Stocks18:26 EDT Square CEO confirms company working on bitcoin hardware wallet - Square CEO Jack Dorsey confirmed via Twitter that the company is building a hardware wallet and service to make bitcoin custody "more mainstream." Reference Link
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LEVI | Hot Stocks17:36 EDT Levi Strauss sees H2 EBIT margins 12% - Sees H2 gross margin 56%. Says "confident" in delivering adjusted EBIT margin of 12% for FY22. Guidance taken from Q2 earnings conference call.
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BLDP | Hot Stocks17:32 EDT Ballard Power gets order for fuel cell modules to power India Tata Motors buses - Ballard Power announced that it has received a purchase order for 15 of the Company's 70-kilowatt FCmoveTM-HD fuel cell modules from Tata Motors, headquartered in Mumbai, India, to power 15 of Tata's zero-emission Fuel Cell Electric Buses. Ballard plans to complete delivery of all modules by 2022. The buses are planned for deployment in Faridabad, the largest city in the National Capital Region of Delhi.
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BCYP | Hot Stocks17:16 EDT SAB Biotherapeutics announces data showing SAB-185 neutralizing COVID variant - Ahead of its June 22 planned merger with Big Cypress Acquisition Corp expected to close in Q4 of 2021, SAB announced the publication of in vitro data showing that SAB-185, the company's therapeutic candidate for the treatment of COVID-19 virus infections, demonstrated effective neutralization against SARS-CoV-2 virus strains containing the genetic substitutions present in recent variants of concern. In the study, researchers conducted SAB-185 neutralization assays with multiple mutant SARS-CoV-2 pseudovirus strains, including sequences present in recently mutated strains that have emerged as a global concern. SAB-185 retained its neutralization potency for variants of recent concern. Importantly, compared to monoclonal antibodies and convalescent patient serum, where "escape mutants" are readily identified, escape mutants were not isolated after treatment with SAB-185. Escape mutations are naturally occurring genetic mutations that allow viruses to evade both the host's natural immune response and anti-infective therapies.
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AEM | Hot Stocks17:13 EDT Agnico Eagle provides exploration update for first half of 2021 - Agnico Eagle provided an update on exploration activities at several projects and select mine sites. The company's exploration focus remains on pipeline projects, near-mine opportunities and mineral reserve and mineral resource replacement and growth. Exploration highlights during the first half of 2021 include: at the Odyssey Underground Project at Canadian Malartic, infill drilling continues in the core of the East Gouldie deposit, with recent results returning up to 6.3 g/t gold over 52.0 meters at 1,109 meters depth. A new mineralized horizon was discovered approximately 400 metres south of the East Gouldie deposit and returning 3.5 g/t gold over 8.6 meters at 2,103 meters depth. At Kirkland Lake Project, the drilling program at Upper Beaver deposit continues to intersect high-grade mineralization, further expanding the Footwall Zone. New results include 21.2 g/t gold and 0.67% copper over 14.8 meters at 1,190 meters depth. At Meliadine, recent drilling at depth in the Pump deposit demonstrates potential to increase mineral resources with intercepts such as 22.6 g/t gold over 4.2 meters at 508 meters depth, 250 meters below current mineral resource envelope. Regional exploration has resumed on the Aquarius occurrence including 21.7 g/t gold over 3.5 meters at 93 meters depth. At Hope Bay, activity is ramping up with a seven drill rigs now operating on the Doris and Madrid deposits. Recent results at Doris confirm potential to expand the BTD Extension Zone including: 10.9 g/t gold over 2.5 meters at 309 meters depth, potentially expanding the zone 100 meters north of the current mineral reserve limits. Results confirm the potential to expand zones currently being mined at Doris while drilling is ramping up at Madrid. At Kittila, the Sisar Zone continues to show potential to significantly expand mineral resources and mineral reserves at depth. Recent drilling has provided the deepest intercept to date intersecting 10.7 g/t gold over 7.8 meters in the Sizar Zone at 1,957 meters depth. At Santa Gertrudis, exploration drilling of the Amelia deposit is extending and validating the continuity of high-grade gold and silver intercepts, with highlights including 2.7 g/t gold and 11 g/t silver over 33.9 meters at 395 meters depth. The company increased its exploration budget in 2021 to $163M from $113M in 2020, the largest in its history. Gold mineral reserves totaled 24.1 million oz. of gold as at December 31. Gold contained in measured and indicated mineral resources totaled 15.3 million oz. and inferred mineral resources totaled 23.4 million oz.
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HELE | Hot Stocks17:08 EDT Helen of Troy names Matt Osberg as new CFO - Helen of Troy announced the appointment by the company's board of Matt Osberg to serve as CFO of the company, effective as of November 1, 2021. Until the effective date of Mr. Osberg's appointment, Brian Grass will continue to serve as the company's CFO. Osberg joined the Company in September 2016 as Senior Vice President of Corporate Finance.
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CASY | Hot Stocks17:05 EDT Casey's General Stores CLO Jackowski sells 5,726 common shares - In a regulatory filing, Casey's General Stores chief legal officer Julia Jackowski disclosed the sale of 5,726 common shares of the company on July 6 at a price of $192.66 per share.
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RIOT... | Hot Stocks16:50 EDT Riot Blockchain sees hash rate capacity of 7.7 EH/s by 4Q22 - By Q4 2022, Riot anticipates a total hash rate capacity of 7.7 EH/s, assuming full deployment of its anticipated fleet of approximately 81,146 Antminers acquired from Bitmain, 95% of which will be the latest generation S19 series model of miners. Upon full deployment, the company's total fleet is expected to consume approximately 257 MW of energy, with approximately 206 MW deployed at the company's Whinstone facility and approximately 51 MW deployed at Coinmint, LLC's facility. This would result in an overall hash rate efficiency of 33 joules per terahash.
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RIOT... | Hot Stocks16:49 EDT Riot Blockchain commences development of 400 MW of additional capacity - Upon completion of the acquisition of Whinstone U.S., Riot shared its plan to immediately commence expansion of the Whinstone facility to 750 megawatts, from its existing, industry-leading 300 MW in developed capacity, by the end of 2022. To this end, the company announced it has successfully commenced development of 400 MW of additional capacity. This expanded Bitcoin mining infrastructure is expected to comprise of four new buildings totaling approximately 240,000 square feet, with the capacity to support an estimated 130,000 S19j Antminers. It is expected that the first portion of this expansion will be completed by Q1 2022 and the balance by Q2 2022. As previously disclosed, Riot plans to deploy future committed miner shipments to the Whinstone facility to capitalize on Whinstone's industry-leading low production costs. Necessary infrastructure upgrades are currently underway to support this deployment. The company recently received 7,500 S19 Pro Antminers, which are being currently deployed, with full deployment expected to be completed by the end of this month. By month's end, Riot anticipates that it will have a total of 23,946 Antminers in operation, utilizing approximately 76 MW of energy, with an estimated hash rate capacity of 2.4 EH/s.
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NFE | Hot Stocks16:48 EDT New Fortress Energy signs gas supply agreement with Government of Sri Lanka - New Fortress Energy has signed a Framework Agreement with the Government of Sri Lanka to construct a new offshore liquefied natural gas - LNG - receiving, storage and regasification terminal. The Terminal will be located off the coast of Colombo to supply gas to the country's power plants, primarily located in the Kerawalapitiya Power Complex. The Kerawalapitiya Power Complex consists of 300 MW in operation today and is ultimately expected to grow to over 1,000 MW by 2025. As part of the agreement, New Fortress will supply natural gas to the existing 300 MW Yugadanavi Power Plant and is negotiating the purchase of the Government's 40% stake in the company that owns the power plant. This power plant is currently under a long-term power purchase agreement to provide electricity to the national grid that extends through 2035. This Terminal will introduce natural gas to the country of Sri Lanka for the first time and will assist the transition to lower-carbon energy sources. The Government will facilitate the obtainment of necessary permits and entitlements by New Fortress to construct the LNG terminal. The Terminal is expected to begin operations by the second half of 2022. This investment in Sri Lanka represents New Fortress' first LNG terminal in Asia.
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RIOT... | Hot Stocks16:47 EDT Riot Blockchain produced 243 bitcoin in June, up 406% y/y - Riot Blockchain announced its June production and operations updates, including its unaudited Bitcoin production for June 2021 and its miner deployment status. In June 2021, Riot produced 243 BTC, an increase of approximately 406% over its June 2020 production of 48 BTC. Year to date through June 2021, the company produced a total of 1,167 BTC, an increase of approximately 130% over its pre-halving BTC production during the same 2020 period of 508 BTC. As of June 30, 2021, Riot held approximately 2,243 BTC, all of which were produced by its mining operations. The exodus of Bitcoin mining from China has resulted in a downward difficulty adjustment and lower global network hash rate. As such, Riot is currently mining more Bitcoin per day than at any time in the company's history. While it is broadly expected that many Chinese miners will eventually relocate, the company estimates that it could be quite some time before the global Bitcoin mining hash rate returns to its previous high of 180 exahash per second, last observed earlier this year. Riot plans to continue providing monthly operational updates and unaudited production results through the end of 2021.
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KBH | Hot Stocks16:42 EDT KB Home names Robert McGibney as CO-COO - KB Home announced that Robert McGibney has been elected Executive Vice President and Co-Chief Operating Officer, effective July 1, 2021. In this role, Mr. McGibney will be responsible for the Company's operations in its West Coast and Southwest regions, as well as several of the Company's key strategic functions, including architecture, design studio, national contracts and sustainability. Matthew Mandino, also Executive Vice President and Co-Chief Operating Officer, will continue to have responsibility for the Company's Central and Southeast regions. In addition, he will oversee KB Home's marketing function, customer satisfaction initiatives, and financial services operations.
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CYCN | Hot Stocks16:35 EDT Cyclerion Therapeutics, Beacon Biosignals expand partnership - Cyclerion Therapeutics and Beacon Biosignals announced an extended and expanded strategic partnership between the two companies. This collaboration is expected to identify disease-relevant biomarkers to refine patient selection and endpoints to guide the clinical development of Cyclerion's investigational therapeutics for neurological diseases associated with cognitive impairment. Beacon Biosignals' EEG neurobiomarker platform is engineered to discover and scale new clinical paradigms for patients with neurological and psychiatric disease. Distinct EEG profiles are associated with neurodevelopmental status and various neurological diseases, and can be affected by neurologically active therapeutics. The platform rapidly characterizes these effects and guides dose selection in humans to help overcome the challenges of translating PK/PD models from preclinical animal studies. Beacon Biosignals and Cyclerion previously collaborated on the analysis of data from a Cyclerion clinical translational pharmacology study of CY6463 which demonstrated clear effects on EEG parameters associated with aging and disease. These data were recently presented at the annual meeting of the American Academy of Neurology. Incorporation of the Beacon Biosignals approach in ongoing and planned Cyclerion patient studies is expected to support the continued clinical development of CY6463, the Company's lead clinical program, as well as CY3018, a next-generation preclinical program. CY6463 is an oral central nervous system, or CNS-penetrant sGC stimulator that is being developed for neurological diseases associated with cognitive impairment. CY6463 was designed to address multiple pathophysiological features of neurodegenerative and neuropsychiatric diseases associated with cognitive impairment. Results from initial CY6463 clinical studies have demonstrated favorable safety and tolerability and pharmacologically relevant drug exposure in the cerebral spinal fluid. In addition, CY6463 resulted in promising impacts on EEG measures, neuroinflammation, and other neurophysiological measures that support continued clinical development.
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APTS | Hot Stocks16:34 EDT Preferred Apartment acquires multifamily community in Dallas-Fort Worth area - Preferred Apartment completed the acquisition of Alleia at Presidio, a 231-Unit Class A multifamily community in Fort Worth, Texas.
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OVID | Hot Stocks16:34 EDT Ovid Therapeutics appoints Jason Tardio COO - Ovid Therapeutics announced appointments to its board and leadership team as well as a realignment of its workforce to focus on early-stage development activities, including the build out of its neuroscience programs. The company said "the changes are part of a broad initiative to reshape Ovid to achieve its strategic goals and advance next-generation medicines that transform the lives of people with intractable, rare neurological diseases." Dr. Michael Poole was added to the board, while Claude Nicaise was appointed Head of R&D, Jason Tardio was appointed COO, and Amit Rakhit joined the Scientific and Clinical Advisory Board.
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EVCM | Hot Stocks16:32 EDT EverCommerce acquires mobile charge capture solutions provider MDTech - EverCommerce has acquired Medical Design Technologies, a provider of mobile charge capture solutions. Based in Houston, Texas, and founded in 2015, MDTech provides charge capture and analytics solutions to small- and medium-sized practices across 20 different specialties and 29 states. Terms of the acquisition were not disclosed.
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AEE | Hot Stocks16:31 EDT Ameren Illinois announces approval of electric vehicle charging tariff - The company states: "Ameren Illinois, a subsidiary of Ameren Corporation, is announcing the Illinois Commerce Commission has approved the company's electric vehicle charging tariff, which will help jump-start electric vehicle adoption and charging station installation in central and southern Illinois and accelerate progress on the state's green energy goals. Customers will be able to begin enrolling in the new rate options beginning in Fall 2021."
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SJM | Hot Stocks16:30 EDT J.M. Smucker raises quarterly dividend 10% to 99c per share - The J.M. Smucker Co. announced its Board of Directors approved an increase in the quarterly dividend from 90c to 99c per common share, an increase of 10%. The dividend will be paid on Wednesday, September 1, 2021, to shareholders of record at the close of business on Friday, August 13, 2021. The company remains committed to returning value to shareholders, as this represents the 20th consecutive year of dividend growth.
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CFLT | Hot Stocks16:27 EDT Lone Pine Capital reports 9.99% passive stake in Confluent - Lone Pine Capital disclosed a 9.99% stake in Confluent , which represents over 3.62M shares. The filing does not allow for activism.
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IBIO | Hot Stocks16:25 EDT iBio establishes oncology drug discovery pipeline with new antibody programs - " iBio, has taken another major step towards leveraging the speed and throughput of its proprietary, plant-based FastPharming Protein Expression System by announcing it is adding three anti-cancer targets to its pipeline of therapeutic candidates. This development establishes the Company's new drug discovery capabilities announced just a few weeks ago. As part of iBio's efforts to change the drug development paradigm with the FastPharming System by reducing the time and cost to move from initial concept to the clinic, the Company intends to partner with best-in-class technology partners to help achieve that vision. Accordingly, iBio has entered into a research services agreement with FairJourney Biologics , leaders in antibody optimization. Pursuant to the agreement, iBio will gain access to novel display technologies and proprietary antibody libraries," said the company in statement
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KDP | Hot Stocks16:24 EDT Keurig Dr Pepper CLO Jim Baldwin to retire, Anthony Shoemaker to assume role - Keurig Dr Pepper announced that Anthony Shoemaker, currently senior VP and assistant general counsel, will assume the role of chief legal officer, or CLO, and general counsel and join the company's executive leadership team, upon the retirement of Jim Baldwin at the end of September. Shoemaker joined KDP in 2020 and has led the legal efforts for securities, finance and corporate governance as well as tax, treasury and mergers and acquisitions.
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QGEN | Hot Stocks16:23 EDT Qiagen's NeuMoDx HAdV Quant Assay receives CE-IVD certification - Qiagen announced that its NeuMoDx HAdV Quant Assay for the identification and quantification of human adenovirus DNA has received CE-IVD certification for the European Union and other countries that accept this marking. This milestone marks the 15th assay available on the NeuMoDx 96 and 288 Molecular Systems, which is considered one of the broadest menus available among competitors. The tests can be run in true random access along with Laboratory Developed Tests. Additional assays planned for CE-IVD launch in 2021 include Herpes Simplex Virus, Human Herpesvirus 6 as well as an FDA submission for Chlamydia & Gonorrhea.
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BAND | Hot Stocks16:21 EDT Bandwidth appoints Daryl Raiford as CFO - Bandwidth appointed Daryl Raiford as new CFO beginning in August. He will join Bandwidth July 12 as Executive VP and is expected to succeed Jeff Hoffman as CFO next month after the filing of the company's quarterly report for Q2. Bandwidth previously announced Hoffman's plans to step down after 10 years at the company. Most recently, Raiford was CFO of Ribbon Communications, a communications software and network solutions provider. Previously, he was Vice President and Chief Accounting Officer and then Vice President of Business Transformation at Freescale Semiconductor from 2006 to 2010. Hoffman, who joined Bandwidth in 2011, will stay at Bandwidth through Aug. 31 to facilitate a smooth transition.
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ABM | Hot Stocks16:18 EDT ABM to pay $140M to settle Overtime Cases - ABM has entered into a written settlement agreement in the consolidated action ABM Industries Overtime Cases, pending in the Superior Court of California, County of San Francisco. Filed in 2006, the case relates primarily to a legacy timekeeping system that has not been in use by ABM since 2013. The settlement is subject to court approval. Under the terms of the settlement agreement, the company has agreed to pay a total sum of $140M to fully resolve all claims that were asserted by plaintiffs against the company. To meet the final terms of the Bucio case settlement agreement, the company intends to reserve $110M in the third quarter of FY21, supplementing the $30M previously reserved. ABM admits no wrongdoing as part of the settlement.
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GBDC | Hot Stocks16:17 EDT Golub Capital reports Q3 new middle-market originations of $614.7M - Golub Capital originated $614.7m in new middle-market investment commitments during Q3. Approximately 80% of the new middle-market investment commitments were one stop loans, 15% were senior secured loans and 5% were equity and other securities. Of the new middle-market investment commitments, $519.0M funded at close. Total investments at fair value are estimated to have increased by approximately 1.0%, or $44.1M, in Q3.
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MAX | Hot Stocks16:16 EDT MediaAlpha CFO Tigran Sinanyan to resign effective October 1st - MediaAlpha announced that Tigran Sinanyan has notified the Company of his intention to resign as CFO, effective October 1, 2021, to pursue a general management role with a privately-held company. The company has begun a search for a new CFO with the assistance of a leading executive search firm. Mr. Sinanyan will continue to serve as the Company's CFO and assist in the transition over the course of the next three months. MediaAlpha today also reaffirmed its financial guidance for Q2 and FY21, which it had provided in connection with the announcement of MediaAlpha's Q1 financial results on May 12, 2021.
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COST | Hot Stocks16:16 EDT Costco reports June sales of $18.92B - Costco reported net sales of $18.92B for the retail month of June, the five weeks ended July 4, an increase of 16.9% from $16.18B last year. For the forty-four weeks ended July 4, the company reported net sales of $161.09B, an increase of 18.1% from $136.37B last year. Reports June comparable sales up 12.1%.
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ABT | Hot Stocks16:16 EDT Abbott's St. Jude agrees to pay $27M to settle False Claims charges, DOJ says - St. Jude Medical has agreed to pay $27M to settle allegations under the False Claims Act that, between November 2014 and October 2016, it knowingly sold defective heart devices to health care facilities that, in turn, implanted the devices into patients insured by federal health care programs, the Department of Justice announced. St. Jude was acquired by Abbott Laboratories in January 2017. Reference Link
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KAMN | Hot Stocks16:15 EDT Kaman names James Coogan CFO - Kaman announced the appointment of James Coogan as Senior Vice President and Chief Financial Officer, effective immediately. Coogan, who served as the Vice President, Investor Relations and Corporate Development of Kaman, will succeed Robert Starr. Starr will continue to be employed by the company through July 31, 2021, as Executive Vice President and will work closely with Coogan and the Kaman leadership team to ensure a seamless transition.
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BIIB... | Hot Stocks16:14 EDT Biogen, Pfizer and AbbVie collaborate on genetic exome sequence analysis - Access to the world's largest browsable resource linking rare protein-coding genetic variants to human health and disease was launched through a genetic exome sequence analysis collaboration between AbbVie (ABBV), Biogen (BIIB) and Pfizer (PFE). Managed by the Broad Institute of MIT and Harvard, the browser gives access to results from analyses of whole exome sequencing data from 300,000 UK Biobank research participants. These genetic data have been paired with detailed health information to create this browsable resource. The companies engaged with the Broad Institute for data processing and to conduct single variant and gene-based association testing with nearly 4,000 UK Biobank phenotypes to identify associations between distinct genes or genetic variants and disease. In line with the collaboration members' commitment to openness, these results can now be accessed freely via the new browser. This browser will enable scientists worldwide to explore and utilize the data for their respective areas of interest in accordance with UK Biobank's terms of use.
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LEVI | Hot Stocks16:13 EDT Levi Strauss raises quarterly dividend to 8c per share from 6c - The company declared and paid a dividend of 6c per share in the second fiscal quarter totaling approximately $24M. The company has increased the dividend to 8c per share for the third fiscal quarter totaling approximately $32M. The dividend will be payable in cash on or after August 18, 2021, to the holders of record of Class A common stock and Class B common stock at the close of business on August 2, 2021. The company will reassess dividend payments for future quarters as circumstances evolve.
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MYMMF | Hot Stocks16:11 EDT IM Cannabis unit Trichome Financial to acquire all shares of MYM Nutraceuticals - MYM Nutraceuticals announces that it has been granted the final court order from the Supreme Court of British Columbia approving the plan of arrangement with IM Cannabis , pursuant to which, among other things, IMC, through its wholly-owned subsidiary Trichome Financial will acquire all of the issued and outstanding common shares of MYM for consideration of 0.022 of an IMC common share in exchange for each MYM Share held, which was previously announced on April 1, 2021. Receipt of the final order follows approval of the Arrangement by shareholders of MYM at its special meeting of MYM Shareholders held on July 5. Assuming the satisfaction of all conditions, closing of the Arrangement is expected to occur on or about July 9, 2021. Upon the closing of the Arrangement, MYM Shareholders will be entitled to receive the Consideration in exchange for each MYM Share held and the MYM Shares will be delisted from the Canadian Securities Exchange.
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KBH | Hot Stocks16:11 EDT KB Home increases stock buyback authorization to up to 5M shares from up to 2M
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JBSS | Hot Stocks16:07 EDT John B. Sanfilippo & Son announces $2.30 per share special dividend - The Special Dividend will be paid on August 25, 2021 to stockholders of record as of the close of business on August 10, 2021.
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TRNO | Hot Stocks16:06 EDT Terreno Realty reports Q2 quarter-end occupancy 97.5% vs. 96.1% prior quarter - The company states: "The operating portfolio, excluding three properties under redevelopment, was 97.5% leased at June 30, 2021 to 535 tenants as compared to 96.1% at March 31, 2021 and 96.0% at June 30, 2020. The same-store portfolio of approximately 12.7 million square feet was 97.8% leased at June 30, 2021 as compared to 97.4% at March 31, 2021 and 96.1% at June 30, 2020; The improved land portfolio of 27 parcels totaling approximately 97.6 acres was 98.0% leased at June 30, 2021 as compared to 97.9% at March 31, 2021 and 98.5% at June 30, 2020; and Cash rents on new and renewed leases totaling approximately 0.8 million square feet commencing during the second quarter increased approximately 21.1% with a tenant retention ratio of 64.3%. Cash rents on new and renewed leases totaling approximately 1.1 million square feet commencing during the six months ending June 30, 2021 increased approximately 19.7% with a tenant retention ratio of 72.8%."
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FFIC | Hot Stocks16:04 EDT Flushing Financial reports $197M in PPP loans at June-end - Flushing Financial is providing an update on the Paycheck Protection Program, PPP, activity for the second quarter of 2021. During the quarter, $69M of PPP loans were forgiven by the SBA. We also recognized total net fees, which includes normal amortization and forgiven activity, of $1.2M on the PPP portfolio. At June 30, the Company had $197M in PPP loans, of which approximately $22M are in the process of forgiveness. Over the course of the program, the Company has originated and acquired $310M of loans with forgiveness totaling $113M. The SBA can take up to 90 days to forgive PPP loans. Additional details will be provided with the second quarter 2021 earnings release after the market closes on Tuesday, July 27 and on the earnings conference call on Wednesday, July 28.
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CRUS | Hot Stocks16:03 EDT Cirrus Logic to acquire Lion Semiconductor for $335M in cash - Cirrus Logic announced that it has entered into an agreement to acquire California-based Lion Semiconductor for $335M in cash. Lion is expected to be immediately accretive to GAAP and non-GAAP earnings per share, contributing approximately $60M in revenue between deal close and the end of FY22. "The acquisition of Lion Semiconductor adds further momentum to our strategy of applying our mixed-signal expertise to new markets and driving growth through innovation in areas such as power," said Cirrus Logic President and Chief Executive Officer John Forsyth. "Lion's proprietary fast-charging products and robust intellectual property portfolio are expected to contribute meaningfully to revenue growth in the coming years, strengthen the company's position to pursue exciting new opportunities and significantly expand our addressable market." The boards of directors of both companies have approved the transaction, which is expected to close within 30 days, subject to customary closing conditions.
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LMPX | Hot Stocks16:02 EDT LMP Automotive board authorizes debt refinancing, stock buyback and dividend - LMP Automotive announced that the board has authorized a debt refinancing, and subject to the conditions of such debt refinancing, a stock buy back and dividend. LMP's board of directors authorized the refinancing of its current debt facility, in light of additional anticipated acquisitions in the pipeline. Conditioned upon the terms of such refinanced debt facility, the board has also authorized the use of up to 25% of excess cash to buy back shares of its common stock and up to 15% of excess cash for the issuance of a shareholder dividend beginning in Q4. At our current run rate, excluding our anticipated refinance and additional acquisitions, LMP expects cash balances to exceed $50M, with excess cash of over $36M by year end.
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GPC | Hot Stocks15:30 EDT Genuine Parts says court reinstates $77M damage award against company - In a regulatory filing, Genuine Parts Company disclosed that on July 8, 2021, the Washington Supreme Court overturned the order of the Washington Court of Appeals reversing damages of $77M awarded against the company in a previously disclosed litigated automotive product liability dispute from 2017. "Today's ruling reinstated the damage award against the company in the amount of $77M. The company continues to believe that the verdict was not supported by the facts or the law and was contrary to the company's role in the automotive parts industry. The company also continues to believe this matter will not have a material impact to its results or outlook for 2021," Genuine Parts stated in its filing.
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TKAMY | Hot Stocks15:11 EDT CPSC sues ThyssenKrupp Access over 'hazardous' gaps in residential elevators - The Consumer Protection Safety Commission or CPSC sais in part: "To prevent children from suffering further serious injury or death, the U.S. Consumer Product Safety Commission or CPSC, filed an administrative complaint against thyssenkrupp Access alleging that thyssenkrupp's residential elevators contain defects that present a substantial product hazard. CPSC alleges that certain models of thyssenkrupp residential elevators manufactured and distributed through 2012 were installed with a hazardous gap between the exterior hoistway door and the interior elevator car door or gate. The models include, but are not limited to: Chaparral, Destiny, LEV, LEV II, LEV II Builder, Rise, Volant, Windsor, Independence, and Flexi-Lift models. thyssenkrupp has refused to conduct a voluntary recall of the hazardous residential elevators. Children can become entrapped when a residential elevator is installed with excessive space between the exterior hoistway door and the interior elevator car door or gate, and suffer serious injuries or death when the elevator is called to another floor. There have been three incidents involving thyssenkrupp residential elevators, including a 2-year-old child who died in 2017, and a 3-year-old child left permanently disabled in 2010. Additionally, in 2019, a 4-year-old boy was hospitalized after a crush injury."These injuries and deaths are ghastly," said Acting Chairman Robert Adler. 'The gaps in residential elevators are truly a hidden hazard for homeowners, and for anyone who is visiting or renting a home with an elevator." Reference Link
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TRKA | Hot Stocks14:20 EDT Troika CEO says investors 'yet to appreciate' recovery potential - Troika Media (TRKA) is a brand identity and communications agency that provides integrated branding and advertising solutions. In an exclusive interview with The Fly, Chairman and CEO Robert Machinist discussed the most important events ahead and misconceptions about the company: "One, if not the most important event for the company, for the remainder of the year is a successful reopening of the U.S. economy followed by a global reopening since our brands are global," Machinist said. "I think investors have yet to appreciate the potential for recovery in our business, especially as it relates to live events. There is also a lot of confusion in the marketplace about NFT's, crypto and the use of digital tokens. We need to demonstrate to shareholders and investor how we can leverage the Redeeem platform to drive revenue generating opportunities for our clients and, in turn a recurring revenue stream for Troika." "Meet the Company" is The Fly's recurring series of exclusive short interviews with Executive Officers to offer a deeper look inside the company.
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RTX | Hot Stocks14:06 EDT Raytheon awarded $171.6M contract for lot 1 of Next Generation Jammer Mid-Band - Raytheon Intelligence & Space, a Raytheon Technologies business, has been awarded a $171.6M contract for Low-Rate Initial Production Lot I, or LRIP I, of the U.S. Navy's Next Generation Jammer Mid-Band, the company announced. "The award advances the program from the development stage into production and deployment. NGJ-MB is the Navy's advanced electronic attack system that offensively denies, disrupts and degrades enemy technology, including air-defense systems and communications. NGJ-MB uses the latest digital, software-based and Active Electronically Scanned Array technologies," the company said.
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USB | Hot Stocks14:02 EDT U.S. Bancorp acquires PFM Asset Management business - U.S. Bank announced that it has entered into a definitive agreement to purchase PFM Asset Management under its subsidiary, U.S. Bancorp Asset Management. PFM Asset Management will continue to operate as a separate entity. PFM Asset Management and U.S. Bancorp Asset Management had combined assets under management and assets under administration of more than $325B on March 31. The deal was signed on July 7 and is expected to close in Q4, subject to regulatory approval and satisfaction of customary closing conditions. Financial terms were not disclosed.
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TRKA WYNN | Hot Stocks14:01 EDT Troika Media CEO 'beginning to see a recovery' in business as economy reopens - Troika Media (TRKA) is a brand identity and communications agency that provides integrated branding and advertising solutions. In an exclusive interview with The Fly, Chairman and CEO Robert Machinist talked about COVID-related impact and recovery: "Like many businesses, COVID had a meaningful negative impact on our company. The impact went well beyond the loss of revenue. Our employees and their families endured a very challenging time. Happily, we are beginning to see a recovery as our clients resume advertising, ad budgets are growing, and with the re-opening of the economy comes the return of live events which has been an important part of our business. So yes, we are seeing a return to growth in most of our business lines and markets. Much of our agency work is focused on helping brands deepen engagement with audiences and fans throughout the consumer journey. Clients like UFC, Wynn Resorts [WYNN] and Casinos PGA Tour, The Los Angeles Rams, The Las Vegas Raiders are just a few of the notable brands we work with that require an economy that has been safely reopened so they can resume entertaining their fans or guests. Stadiums are filling-up, music events are underway or in the planning stage, and guests are returning to the casinos. Those are all good signs for our clients and for Troika," the CEO explained. "Meet the Company" is The Fly's recurring series of exclusive short interviews with Executive Officers to offer a deeper look inside the company. The remainder of this interview to follow.
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PAGS | Hot Stocks13:43 EDT PagSeguro says does intend to acquire BV Bank following report - PagSeguro Digital addressed the market reports indicating that PagSeguro PagBank will acquire BV bank. The company said, "Although PagSeguro PagBank is always looking for investment opportunities in the market, the company does not intend to acquire BV bank and there are no related signed agreements to do so. We are very proud on the history we are building since 2006, where PAGS included millions of unbanked and underserved merchants and consumers into the Brazilian financial system, truly helping them to improve their businesses. In May 2021, more than 70% of our new merchants declared they were accepting cards payments for the first-time. We are happy to serve our 7 million Active Merchants and 10 million PagBank Active clients, an unparalleled result since the official launching of our banking strategy in May 2019, reaching only in 2020 more than R$ 500 million in PagBank Revenues. The company continues to be committed to create a best-in-class digital bank in Brazil, providing financial and payments services for both, merchants, and consumers. We are confident about the decisions we are taking to guarantee the long-term sustainability of our businesses for the next years, backed by a very strong culture, driven by technology and customer experience." Shares of PagSeguro Digital are well off the day's lows but remain down 7% to $52.09 in afternoon trading.
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TRKA | Hot Stocks13:43 EDT Troika CEO sees Redeeem acquisition growing recurring revenue streams - Troika Media (TRKA) is a brand identity and communications agency that provides integrated branding and advertising solutions. In an exclusive interview with The Fly, Chairman and CEO Robert Machinist discussed Troika's recent acquisition of Redeeem: "Building on Redeeem's digital blockchain capabilities, Troika is integrating their products across our media services to work with new and existing brands to offer non-fungible token, or NFT, capabilities, crypto payment APIs, mobile payment expertise, and other revenue-generating products capable of deploying digital tokens throughout Troikas expansive network of brands. Since its inception in 2018, Redeeem has processed over $10 million in crypto payments and manages over $1 million a month in trading volume. We believe the combined offering of Troika's existing portfolio of services, extensive client network, and operational scale with Redeeem's highly innovative platform and experienced team, we can create additional revenue opportunities for the global brands in the entertainment, sports, gaming, and consumer goods we partner with every day and grow recurring revenue streams for Troika," the chief executive said. "Meet the Company" is The Fly's recurring series of exclusive short interviews with Executive Officers to offer a deeper look inside the company. The remainder of this interview to follow.
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PAGS | Hot Stocks13:40 EDT PagSeguro well off lows after saying does not intend to buy BV Bank
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PAGS | Hot Stocks13:39 EDT PagSeguro says does not intend to acquire BV bank
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PAGS | Hot Stocks13:38 EDT PagSeguro sinks after report of late-stage Banco BV takeover talks - Shares of PagSeguro Digital are sinking after Brazil Journal, citing two people with knowledge of the matter, reported that the company is in final negotiations to buy Sao Paulo-based bank Banco BV, formerly known as Banco Votorantim, for around R$16B. Shares of PagSeguro Digital are down 18%, or $9.83, to $46.23 in afternoon trading. "We believe that the banks' loans and client base do not have much overlap with PagSeguro's client base, and the potential for synergies seems limited," Bradesco BBI analyst Otavio Tanganelli told investors in a research note. Tanganelli also views the purchase price as expensive. Reference Link
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TRKA | Hot Stocks13:28 EDT Troika Media CEO says investors view company 'differently' after coming public - Troika Media (TRKA) is a brand identity and communications agency that provides integrated branding and advertising solutions. In an exclusive interview with The Fly, Chairman and CEO Robert Machinist talked about Troika Media's recent IPO: "The opportunity to complete an IPO of Troika was a very important event for the company and we are very excited about all of the benefits that being public can provide a growing company. In general, being public provides us access to public equity markets for future capital raising; we can more easily attract and reward key employees; and, we have more options on how to acquire other companies or technologies. Specifically, Troika is seeking to acquire additional strategic data and technology platforms to further take advantage of our creative solutions business. These proprietary platforms generally possess market expertise, proprietary technology, leadership and experience within the programmatic ecosystem, coupled with in-house creative teams. I think two good examples of the execution of this strategy are reflected in our formation of Troika Labs, followed by our acquisition of Redeeem, both of which occurred this past May. Troika Labs is a new division with the primary mission to leverage its expansive data and content creation capabilities to provide a fully integrated digital and creative offering to clients on a global scale. The acquisition of Redeeem increases our ability to significantly grow revenue and strategic opportunities to enhance the core businesses of TMG by immediately positioning the company as a go-to expert in the NFT and crypto space, particularly in our sports, gaming, and entertainment business, where we will provide brands new opportunities to foster fandom through NFT integration. I certainly believe investors view Troika differently now that we are public. There is so much more information available now to the investor about our strategy, customers and creative capabilities that was not well known before. Our job is to continue to make sure investors understand our business and growth strategy as we work to create greater shareholder value," the executive explained. "Meet the Company" is The Fly's recurring series of exclusive short interviews with Executive Officers to offer a deeper look inside the company. The remainder of this interview to follow.
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NFLX | Hot Stocks13:19 EDT Netflix, Shonda Rhimes expand creative content relationship - Netflix said that, "After the global record-breaking success of Bridgerton, Netflix and prolific producer Shonda Rhimes are extending their creative content relationship. A new pact expands the current deal with Rhimes, her company Shondaland as well as her long-standing producing partner Betsy Beers. The newly expanded partnership will give Netflix and Shondaland Media the opportunity to exclusively produce, stream and distribute feature films as well potential gaming and virtual reality content. The pact currently includes a branding and merchandise deal for Shondaland Media content, which will now add live events and experiences. As an integral piece of the newly expanded overall deal, Netflix is investing in and providing the financial and technical infrastructure to support Shondaland's mission to create DEIA (Diversity, Equity, Inclusion, Accessibility) programs that can increase industry workplace representation for underrepresented groups both domestically and in the U.K." Bridgerton Season 2 is currently in production and set to launch in 2022. Netflix has already renewed the series for Seasons 3 and 4. It was also recently announced that the "Bridgerton-verse" will expand with an all-new limited series based on the origins of Queen Charlotte. While the series will center on the rise of a young Queen Charlotte, it will also tell the stories of young Violet Bridgerton and Lady Danbury. Shonda Rhimes will write the series and serve as executive producer alongside Betsy Beers and Tom Verica. The upcoming series Inventing Anna which was created by Rhimes and executive produced by Rhimes and Betsy Beers, is set to release in 2022. Shondaland Media's Netflix documentary Dance Dreams: Hot Chocolate Nutcracker chronicling the legendary choreographer and director Debbie Allen premiered on Netflix in November 2020.
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NUVA | Hot Stocks13:18 EDT FDA warns health care providers about NuVasive's Precice devices - The Food and Drug Administration informed health care providers in a letter about "potential biocompatibility concerns" associated with NuVasive's Precice devices made from stainless steel and titanium. The FDA is also providing health care providers with recommendations for monitoring patients with these devices. It said, "NuVasive is performing additional biocompatibility testing on materials used for all Precice devices against updated testing standards. NuVasive is also conducting a series of assessments of potential mechanical failures that may contribute to biocompatibility issues. The FDA has received reports of pain and changes in the surrounding bone and soft tissue in people implanted with the Precice Stryde device, which is stainless steel (Biodur 108)-based." The agency told healthcare providers to stop implanting any new stainless steel-based Precice devices and to be aware that NuVasive has initiated a voluntary recall for the titanium-based devices. Reference Link
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TWTR | Hot Stocks13:13 EDT NFL and Twitter extend partnership through multi-year deal - In an earlier statement, the NFL and Twitter said in part: "The National Football League, NFL, and Twitter announced a multi-year partnership extension which will include expanded engagement formats and a full-season commitment to produce exclusive content on Twitter Spaces, Twitter's new live audio feature. Twitter will also continue to be a home for the games' biggest moments -- all the touchdowns, leaping catches, incredible runs, and celebrations after they happen, from season Kickoff to Super Bowl. With more than 20 Spaces planned for the upcoming 2021 NFL season, the NFL is the first sports league to partner with Twitter to offer sponsored Twitter Spaces, giving both brands and fans new opportunities to connect and engage with live NFL audio. The NFL's Twitter Spaces will be available throughout the season, as well as in conjunction with NFL tentpole events including Kickoff, Super Bowl, the NFL Draft and more. The Spaces will include participation from current NFL players and other NFL talent to discuss season matchups and insights." Reference Link
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CWQXF | Hot Stocks13:11 EDT Castellum divests property portfolio in Jyvaskyla to Nyfosa for SEK2.1B - Castellum recently acquired a Finnish property portfolio through its acquisition of Kielo. Nine properties from the portfolio, located in Jyvaskyla, are now being divested to Nyfosa for SEK 2.1B, the company said in a statement. "The divestment is a geographic focusing of the Finnish portfolio. We are continuing our journey of growth, building an even stronger Nordic platform for sustainable, high-quality office and logistics properties," says Henrik Saxborn, CEO of Castellum AB.
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CM MSFT | Hot Stocks13:10 EDT CIBC selects Microsoft Azure as primary cloud platform - CIBC (CM) and Microsoft (MSFT) announced a strategic relationship through a multi-year agreement formalizing Microsoft Azure as CIBC's primary cloud platform. The company said, "CIBC's cloud-first approach will be enabled by Microsoft Azure's vast on-demand computing power, enabling it to scale and modernize its banking platforms, while building in additional resiliency, efficiency and agility."
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TRKA | Hot Stocks13:09 EDT Investors 'yet to appreciate' potential for recovery, Troika's Machinist says
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TRKA | Hot Stocks13:09 EDT Troika chief seeing return to growth in most markets as reopening continues
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TRKA | Hot Stocks13:09 EDT Troika CEO sees Redeem deal helping create additional revenue opportunities
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TRKA | Hot Stocks13:09 EDT Investors viewing Troika differently after IPO, CEO says
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HUM | Hot Stocks13:04 EDT Humana hiring up to 200 seasonal positions in San Antonio - Humana announced it is looking to hire up to 200 virtual, seasonal Enrollment Representatives in and around San Antonio. Humana's Medicare Enrollment Representatives respond to inquiries from current and prospective members seeking to enroll into a 2022 Medicare Advantage or Prescription Drug Plan. They also review and process member applications. These seasonal employees will serve for six months or less through the Medicare Advantage and Prescription Drug Plan open enrollment window, which runs from Oct. 15 to Dec. 7, 2021. Although these positions are home-based, Humana is seeking applicants who live within a 50-mile radius of the company's San Antonio location at 8119 Datapoint Dr., as there may be opportunities for some of these roles to transition to full-time employment. These positions offer competitive compensation with a strong hourly rate and eligibility for a retention bonus up to $1000.
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DBX | Hot Stocks12:41 EDT Dropbox redesigns its offices as Dropbox Studios - Dropbox said it is opening Dropbox Studios as part of its "journey as a Virtual First company." While remote work is now the primary mode for day-to-day interactions at Dropbox, the company said it recognized that human connection can't be fully recreated virtually. "It's something our employees have really missed the past year and a half working remotely," says Melanie Collins, Chief People Officer. That need presented a unique opportunity to completely rethink the purpose of our offices, so Dropbox spent the past few months redesigning them into collaborative spaces called Studios, it said. Studios are meant for in-person teamwork and strengthening connections with colleagues. "With our Virtual First approach, we're not only rethinking the physical spaces we work in, but also our work culture as a whole," Dropbox said in a blog post. "We've made workweeks more flexible to individual needs by implementing core collaboration hours-blocks of time set aside for meetings that allow employees to build the rest of their schedule around their lives. And we're also taking a closer look at the technology we use so that it better supports our employees and, by extension, our customers." Reference Link
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SPRQ | Hot Stocks12:22 EDT Spartan Acquisition announces stockholder approval for Sunlight combination - Spartan Acquisition Corp. II announced the business combination (the "Business Combination") between Spartan and Sunlight Financial was approved by Spartan's stockholders, with the Business Combination supported by 97% of the shares of Spartan voted at the special meeting of Spartan stockholders. Ten proposals, including sub-proposals, were considered and voted upon by Spartan's stockholders at the Special Meeting on July 8, 2021.The Business Combination is expected to close on July 9, 2021. Following the close, the combined company will be renamed Sunlight Financial Holdings Inc. and its common stock and warrants are expected to begin trading on the New York Stock Exchange under the ticker symbols "SUNL" and "SUNLW", respectively, commencing on July 12, 2021.
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LYSGF | Hot Stocks12:04 EDT Lysogene reports FDA fast track designation for LYS-GM101 gene therapy - Lysogene announced that the U.S. FDA has granted Fast Track Designation to its LYS-GM101 program, which is being studied in the recently initiated global adaptative-design clinical trial for the treatment of GM1 gangliosidosis. GM1 gangliosidosis is a fatal autosomal recessive disease caused by mutations in the GLB1 gene leading to accumulation of GM1 ganglioside in neurons resulting in progressive neurodegeneration. No treatment has been approved so far for this disease. Karen Aiach, Founder, Chairman and CEO of Lysogene commented: "We are pleased that FDA has granted Fast Track designation to LYS-GM101, as it underscores its potential to improve neurocognitive deficits in children with GM1 gangliosidosis, a lethal neurological disease for which there is currently no treatment. We have dosed the first patient last month and recruitment is on track, with completion of the first cohort expected by first quarter next year." The trial is an interventional, multi-center, single-arm, two-stage adaptive-design study evaluating an intracisternally delivered recombinant adeno-associated virus vector serotype rh.10 carrying the human beta-galactosidase gene. The clinical trial includes a safety phase and a confirmatory efficacy phase. The trial will enroll 16 patients with a diagnosis of early or late infantile GM1 gangliosidosis at sites in the US and Europe.
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CCOEY... | Hot Stocks12:02 EDT Capcom says 'Resident Evil Village' exceeds 4.5M unit sales - Capcom (CCOEY) announced that cumulative sales of its 2021 release "Resident Evil Village" has exceeded 4.5M units globally. The game is available on PC, Xbox One (MSFT), Xbox Series X/S, PlayStation 4 (SONY), and PlayStation 5, The Fly notes. Reference Link
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BTCM | Hot Stocks12:00 EDT BIT Mining Limited falls -13.1% - BIT Mining Limited is down -13.1%, or -92c to $6.08.
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PAGS | Hot Stocks12:00 EDT PagSeguro Digital falls -14.5% - PagSeguro Digital is down -14.5%, or -$8.12 to $47.95.
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LU | Hot Stocks12:00 EDT Lufax falls -16.4% - Lufax is down -16.4%, or -$1.73 to $8.84.
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GLOP | Hot Stocks12:00 EDT GasLog Partners rises 6.9% - GasLog Partners is up 6.9%, or 34c to $5.25.
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EXPR | Hot Stocks12:00 EDT Express rises 7.0% - Express is up 7.0%, or 37c to $5.63.
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SPCE | Hot Stocks12:00 EDT Virgin Galactic rises 10.6% - Virgin Galactic is up 10.6%, or $4.78 to $49.70.
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TM | Hot Stocks11:48 EDT Toyota targeted by Lincoln Project over donations to Republicans - The Lincoln Project, a group focused on antagonizing former President Donald Trump during his re-election bid, is targeting Toyota in television and online ads, accusing it of donating $55,000 to 37 Republican Congress members who resisted certification of the 2020 election results. The Lincoln Project said via Twitter: "Toyota vehicles feature safety detection systems, smartphone integration, and more white nationalism than you might've expected." Reference Link
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CIDM | Hot Stocks11:35 EDT Cinedigm announces forgiveness of $2.2M PPP loan - Cinedigm announced that the Company has received forgiveness of approximately $2.2M of loan proceeds and accrued interest previously carried under the Paycheck Protection Program. On July 7, 2021, Cinedigm received notice from East West Bank PPP, the lender of the Company's "PPP" loan, that the U.S. Small Business Administration approved the forgiveness of the PPP loan in its entirety, and that East West Bank has applied the funds and paid off the principal and interest of the PPP loan in full.
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ABT | Hot Stocks11:30 EDT DOJ says Abbott's Alere to pay $38.75M to settle false claims act allegations - Medical device manufacturers Alere Inc. and Alere San Diego Inc. have agreed to pay $38.75M to resolve allegations that the companies violated the False Claims Act by billing, and causing others to bill, the Medicare program for defective rapid point-of-care testing devices, the Department of Justice announced. "The claims resolved by the settlement are allegations only, and there has been no determination of liability," the DOJ stated. Abbott previously acquired Alere in 2016. Reference Link
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AVNS | Hot Stocks11:29 EDT Avanos to pay $22M to resolve fraudulent misbranding charges - Avanos Medical Inc., a U.S.-based multinational medical device corporation, has agreed to pay more than $22M to resolve a criminal charge relating to the company's fraudulent misbranding of its MicroCool surgical gowns. A criminal information filed yesterday in the U.S. District Court for the Northern District of Texas charges Avanos with one count of introducing misbranded surgical gowns into interstate commerce with the intent to defraud and mislead. According to court filings, Avanos falsely labeled the gowns as providing the highest level of protection against fluid and virus penetration. Under the terms of a deferred prosecution agreement filed with the criminal information, Avanos will pay $22,228,000, composed of a victim compensation payment of $8,939,000, a criminal monetary penalty in the amount of $12,600,000 and a disgorgement payment of $689,000. The deferred prosecution agreement resolves a criminal investigation into Avanos's misbranding of its MicroCool surgical gowns under the Federal Food, Drug, and Cosmetic Act and the company's obstruction of a 2016 for-cause inspection conducted by the U.S. Food and Drug Administration into Avanos's surgical gown business. As part of the criminal resolution, Avanos has agreed to continue to cooperate with the Justice Department and to report any evidence or allegation of a violation of the FDCA or U.S. obstruction or fraud laws committed by Avanos's employees or agents upon any domestic government agency, regulator or any of Avanos's customers. Reference Link
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CARV | Hot Stocks11:20 EDT Carver Bancorp strength attributed to WallStreetBets short squeeze chatter - Carver Bancorp (CARV) shares have jumped $16.92, or 160%, to $27.50 as social media users on Reddit's WallStreetBets forum and on Stocktwits highlighted the bank as a potential opportunity for a short squeeze. Bloomberg said short interest as a percentage of the equity float at Carver Bancorp has increased to more than 76%, up from about 20% at the end of May, citing data from S3 Partners.
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AKRO | Hot Stocks11:13 EDT Akero reports full results of main portion of BALANCED trial published - Akero Therapeutics announced that full results of the main portion of its Phase 2a BALANCED trial in biopsy-confirmed non-alcoholic steatohepatitis, or NASH, patients with F1-F3 fibrosis have been published in "Nature Medicine." The study met its primary endpoint of absolute change from baseline in hepatic fat fraction measured at week 12, with 48% of EFX patients across dose groups achieving normal levels of liver fat, defined as less than 5 percent liver fat, compared with 5% of placebo patients. Reductions in liver fat were associated with substantial decreases in markers of liver injury and fibrosis. Consistent with these observations, 50% of EFX patients who had F2/F3 fibrosis at baseline and repeat biopsies after 16 weeks of treatment achieved a two-stage regression of fibrosis. Reflecting EFX's potential to have a beneficial impact on whole body metabolism, EFX patients were reported to have significantly improved levels of triglyceride, non HDL-cholesterol and HbA1c, along with a trend toward lower body weight. EFX was reported to be generally well tolerated. There were two Serious Adverse Events, one of which occurred prior to dosing, and there were no deaths in the study. Across EFX groups, the most frequent AEs were grade 1 or 2 gastrointestinal events, which were transient in nature. "This disclosure of EFX data in Nature Medicine marks the first published clinical evidence of fibrosis regression with an FGF21 analog and what we believe are the largest reductions in liver fat publicly reported to date across all NASH investigational drug classes. We're pleased to contribute to the field of NASH clinical research with publication of these data," said Kitty Yale, chief development officer of Akero.
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GHRS | Hot Stocks11:09 EDT GH Research PLC trading resumes
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WFC | Hot Stocks11:06 EDT Wells Fargo names Bei Ling as head of Human Resources - Wells Fargo (WFC) announced that Bei Ling will join the company on Oct. 1 as head of Human Resources. She will report to CEO Charlie Scharf and serve on the company's Operating Committee. Ling joins Wells Fargo from JPMorgan Chase (JPM), where she was most recently managing director and global head of Talent Development and Total Rewards.
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GHRS | Hot Stocks11:04 EDT GH Research PLC trading halted, volatility trading pause
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HOG | Hot Stocks11:04 EDT Harley-Davidson announces introduction of LiveWire ONE electric motorcycle - Harley-Davidson announced the introduction of LiveWire ONE, which it calls "the electric motorcycle built for the urban experience." LiveWire ONE is launching at $21,999 and available to order today at LiveWire.com, in addition to select LiveWire dealers, Harley-Davidson announced. Jochen Zeitz, Chairman, President and CEO of Harley-Davidson, said: "As part of The Hardwire Strategy, we made a commitment that Harley-Davidson would lead in electric. We recognized the pioneering spirit and brand value in LiveWire for our community and took the decision to evolve the original LiveWire motorcycle into a dedicated EV brand. Today's LiveWire ONE builds on the DNA of Harley-Davidson but with the electric focus and ambition of the new LiveWire brand. Harley-Davidson and LiveWire will continue to rewrite the motorcycle rulebook and we are excited about this next chapter in our legacy."
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ARES | Hot Stocks11:03 EDT Ares Management acquires Resource Label Group, terms not disclosed - Resource Label Group, a full service provider of pressure sensitive label, shrink sleeve and RFID/NFC technology for the packaging industry announced the completion of a merger agreement with funds managed by the Private Equity Group of Ares Management Corporation. Resource Label was previously a portfolio company of First Atlantic Capital and TPG Growth. Resource Label Group's executive management team, led by Mike Apperson, will continue to guide the company with a clear emphasis on growth and building additional capabilities in the label and packaging sector. Resource Label recently completed its 19th acquisition in May 2021 and now operates nineteen key manufacturing locations in North America. Terms of the deal were not disclosed.
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LFUS | Hot Stocks11:02 EDT Littelfuse, Hirtenberger Automotive Safety announce product development JV - Littelfuse and Hirtenberger Automotive Safety, announced a product development joint venture referred to as PYTIC, or Pyro Technology for Intelligent Circuit Disconnection. PYTIC is focused on the development and distribution of new and innovative products for eMobility applications and other industrial electrical energy storage applications. This joint venture leverages the best of the companies' combined electrical expertise. Through this collaboration, PYTIC has jointly developed a highly innovative product, the Pyro Safety Module. The PYTIC PSM is currently offered for today's most advanced electric vehicles, including the 500V and 1,000V power classes. The PSM's most important advantage over other products in the market is its even faster detection of the overcurrent event and thus a significantly faster and safer disconnection of the battery from the rest of the vehicle. This means that vehicle fires and electric shocks to passengers and rescue forces can be avoided in the best possible way. As hybrid-electric vehicles and fully electric vehicles are seeing tremendous growth across passenger car and commercial vehicle applications, there continues to be strong demand for safe, reliable products within these markets. PYTIC seeks to be the supplier-partner of choice for products that monitor and disconnect electrical energy storage systems for vehicles and other industrial applications.
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HUM | Hot Stocks11:01 EDT Humana, Montefiore Health System sign multiyear coverage agreement - Montefiore Health System, one of New York's academic health systems, and Humana have signed a multi-year agreement that gives Humana Medicare Advantage members in-network access to Montefiore Health System. The agreement, which became effective July 1, includes Montefiore Health System's 10 hospitals, more than 200 outpatient sites and approximately 4,000 physicians and 5,450 nurses across the Bronx, Westchester, and the Hudson Valley. "We're excited to team with Montefiore to significantly expand the number of high-quality health care facilities and practitioners available to our current and future members," said Julie Mascari, Humana's Northeast Region Medicare President.
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WGO HUBB | Hot Stocks10:32 EDT Winnebago names Jil Littlejohn Bostick as head of diversity, equity, inclusion - Winnebago Industries (WGO) announced that effective July 12, 2021, Jil Littlejohn Bostick will be joining Winnebago Industries as Head of Diversity, Equity and Inclusion. In this newly created role, Littlejohn Bostick will partner with key stakeholders to advance DEI programs and initiatives at Winnebago Industries and will lead the execution of the overall DEI strategy and roadmap. Littlejohn Bostick will report directly to Winnebago Industries SVP, General Counsel, Secretary and Corporate Responsibility & President, Winnebago Industries Foundation Stacy Bogart. Most recently, she served as the Director of Inclusion and Diversity at Hubbell Incorporated (HUBB).
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ELUXY | Hot Stocks10:05 EDT Electrolux to acquire French service provider La Compagnie du SAV - Electrolux announced it has agreed to acquire La Compagnie du SAV, a French independent service provider specializing in repairing domestic appliances. "With this acquisition we further strengthen our service network in France allowing us to meet the growing market demand in the after-sales service area in the best possible way. I'm confident that this in turn will elevate consumer satisfaction and brand loyalty to a new level", said Chris Braam, Senior Vice President Sales & Services Electrolux in Europe. CSAV will be part of the Electrolux Group as of July 8 but will continue to fully operate as an independent entity, offering multi-brand services.
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SAVE | Hot Stocks10:05 EDT Spirit Airlines to resume all remaining international service from Orlando - Spirit Airlines unveiled the largest schedule it has ever operated from Orlando, including new flights to destinations stretching from New Hampshire to the Dominican Republic along with reinstating the balance of its international operation. Spirit confirmed plans to restore pre-pandemic flights to Cartagena, Colombia; Guatemala City, Guatemala; Montego Bay, Jamaica; Port-au-Prince, Haiti and San Salvador, El Salvador while increasing San Jose, Costa Rica to daily service. The airline's full reinstatement of its international schedule comes on the heels of a complete reactivation of its domestic network from MCO that was finished in time for the summer travel season. New domestic options include Louisville; Manchester, N.H.; Miami; Milwaukee and St. Louis. Altogether, Spirit Guests will have roughly 20 additional flights and 10 new destinations to choose from each day compared to two years ago. The airline's Orlando operations will be 45 percent larger than they were at the end of 2019 once the new routes and resumptions come online.
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SAVE | Hot Stocks10:05 EDT Spirit Airlines to resume all remaining international service from Orlando - Spirit Airlines unveiled the largest schedule it has ever operated from Orlando, including new flights to destinations stretching from New Hampshire to the Dominican Republic along with reinstating the balance of its international operation. Spirit confirmed plans to restore pre-pandemic flights to Cartagena, Colombia; Guatemala City, Guatemala; Montego Bay, Jamaica; Port-au-Prince, Haiti and San Salvador, El Salvador while increasing San Jose, Costa Rica to daily service. The airline's full reinstatement of its international schedule comes on the heels of a complete reactivation of its domestic network from MCO that was finished in time for the summer travel season. New domestic options include Louisville; Manchester, N.H.; Miami; Milwaukee and St. Louis. Altogether, Spirit Guests will have roughly 20 additional flights and 10 new destinations to choose from each day compared to two years ago. The airline's Orlando operations will be 45 percent larger than they were at the end of 2019 once the new routes and resumptions come online.
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IBM | Hot Stocks10:03 EDT IBM to acquire hybrid cloud consulting firm BoxBoat Technologies - IBM announced plans to acquire BoxBoat Technologies, a DevOps consultancy and enterprise Kubernetes certified service provider. "BoxBoat will extend IBM's container strategy and implementation services portfolio to further advance IBM's hybrid cloud strategy and accelerate Red Hat OpenShift adoption globally," the company said. "BoxBoat will join IBM Global Business Services' fast-growing Hybrid Cloud Services business, enhancing IBM's capacity to meet rising client demand for container strategy and the critical people and process components of the cloud transformation journey. BoxBoat delivers a full suite of services that include customized strategies for Kubernetes and Enterprise Container Platform adoption, application containerization, DevSecOps, training and enablement. BoxBoat guides enterprises on the right tooling, business strategy, workflows and processes to meet their DevOps goals," the company added. The transaction is subject to customary closing conditions. It is expected to close this quarter.
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GDRX DASH | Hot Stocks10:02 EDT GoodRx, DoorDash partner to provide dashers with access to GoodRx Gold - GoodRx, Inc. (GDRX) announced a partnership with online food ordering and delivery platform DoorDash (DASH) to provide its network of drivers, also known as "Dashers," with discounted access to the GoodRx Gold subscription savings program. Dashers across the country can now sign up for GoodRx Gold at an exclusive rate to access prescription savings of up to 90% on over 1,000 drugs, discounts for online doctor visits, and free mail delivery for prescriptions.
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FINV | Hot Stocks10:00 EDT FinVolution Group falls -12.8% - FinVolution Group is down -12.8%, or -$1.13 to $7.67.
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AMC | Hot Stocks10:00 EDT AMC Entertainment falls -12.8% - AMC Entertainment is down -12.8%, or -$5.78 to $39.29.
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LU | Hot Stocks10:00 EDT Lufax falls -15.7% - Lufax is down -15.7%, or -$1.66 to $8.91.
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TZA | Hot Stocks10:00 EDT Small Cap Bear 3x rises 7.3% - Small Cap Bear 3x is up 7.3%, or $2.25 to $33.07.
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SOXS | Hot Stocks10:00 EDT Direxion Daily Semiconductor Bear 3X Shares rises 7.6% - Direxion Daily Semiconductor Bear 3X Shares is up 7.6%, or 57c to $8.18.
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XYF | Hot Stocks10:00 EDT X Financial rises 16.3% - X Financial is up 16.3%, or $2.14 to $15.27.
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UONE | Hot Stocks09:50 EDT Urban One trading resumes
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LU | Hot Stocks09:47 EDT Lufax falls -9.4% - Lufax is down -9.4%, or -99c to $9.57.
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EDU | Hot Stocks09:47 EDT New Oriental Education falls -9.6% - New Oriental Education is down -9.6%, or -67c to $6.26.
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FINV | Hot Stocks09:47 EDT FinVolution Group falls -13.8% - FinVolution Group is down -13.8%, or -$1.21 to $7.59.
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TZA | Hot Stocks09:47 EDT Small Cap Bear 3x rises 5.4% - Small Cap Bear 3x is up 5.4%, or $1.65 to $32.47.
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LABD | Hot Stocks09:47 EDT Daily S&P Biotech Bear 3x Shares rises 5.8% - Daily S&P Biotech Bear 3x Shares is up 5.8%, or $1.23 to $22.27.
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SOXS | Hot Stocks09:47 EDT Direxion Daily Semiconductor Bear 3X Shares rises 7.2% - Direxion Daily Semiconductor Bear 3X Shares is up 7.2%, or 55c to $8.15.
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UONE | Hot Stocks09:45 EDT Urban One trading halted, volatility trading pause
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FLGC | Hot Stocks09:42 EDT Flora Growth names strategic advisor, enters into agreement with EAN University - Flora Growth, an all-outdoor cultivator and manufacturer of global cannabis products and brands, has engaged Brigitte Baptiste as a strategic advisor to the company. Baptiste, along with academics and researchers from EAN University, will assist in the company's research and development of sustainable and bioprospection initiatives across Flora's global premium brand portfolio and will oversee and develop the new cannabis and hemp research programs at EAN University, the company said in a statement.
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NEGG | Hot Stocks09:42 EDT Newegg Commerce Inc trading resumes
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NEGG | Hot Stocks09:37 EDT Newegg Commerce Inc trading halted, volatility trading pause
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XONE | Hot Stocks09:35 EDT ExOne opens Metal 3D Printing Adoption Center in Europe - The ExOne Company announced it has opened a Metal 3D Printing Adoption Center at its European headquarters in Gersthofen, Germany. The mission of ExOne's Adoption Centers, which have locations in the U.S., Germany, and Japan, is to allow customers to try binder jet 3D printing for their designs before they decide to buy an ExOne 3D printing system for their own production. The investment represents an expansion of ExOne's longtime Adoption Center in Europe, which 3D prints sand molds and cores for metalcasting customers. ExOne's Metal Adoption Center now offers manufacturers end-to-end engineering services for direct-metal binder jet 3D printing, including benchmarks, design support, and materials, process, and work cell development.
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GBS | Hot Stocks09:23 EDT GBS Inc. awarded $4.6M Australian Federal Government science grant - GBS announced it has been awarded a $4.7 million, Australian Federal Government scientific grant to fund the build out of a Biosensor manufacturing facility. This project has been identified as one of six National Manufacturing Priorities identified by the Government under Modern Manufacturing Strategy. The Medical Products Priority Grant, from the Australian Federal Government's Department of Industry, Science, Energy and Resources' Modern Manufacturing Initiative will support the establishment of an Australian high tech medical device manufacturing facility to commence scaled production of the Printable Organic Electronic Biosensor technology for the APAC region. GBS's flagship product, the Saliva Glucose Biosensor, is the first innovation to be developed from the Biosensor Platform and is currently being developed as a point-of-care test intended to provide people living with diabetes a non-invasive solution to finger-prick blood glucose testing. This alternative test will offer a pain-free option to current testing methods by using an Organic Thin-Film Transistor that produces glucose measurements in real-time on an app or dedicated device for the more than 460 million people living with diabetes worldwide. Supplementary to the SGB, the Company also plans to commercialize a SARS-CoV-2 Antibody Biosensor rapid point-of-care diagnostic test to monitor exposure and immunity levels in real time in the fight against COVID-19. The SARS-CoV-2 Biosensor is being developed in collaboration with the Wyss Institute for Biologically Inspired Engineering at Harvard University. The Biosensor will be integrated with the Institute's eRapid electrochemical sensor technology to enable simultaneous electrochemical sensing of multiple biomarkers related to SARS-CoV-2 infection for point-of-care COVID-19 diagnostic applications.
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GLOB | Hot Stocks09:19 EDT Globant acquires majority stake in Walmeric - Globant announced its acquisition of an 80% stake in Walmeric, a firm specialized in developing marketing automation technology combining lead management, online marketing and sales enablement. The agreement includes an option to purchase the remaining minority stake through a three-year term. This first product-oriented acquisition strengthens Globant's portfolio of digital marketing and digital sales. Walmeric offers a multi-channel marketing platform focused on lead to revenue management with B2B2C expertise. Their main product is the cloud-based platform Delio, a complete management platform that helps companies to track and qualify leads, discover their interests and contact them with all that information to convert them efficiently into sales.
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GHVI | Hot Stocks09:17 EDT FocalAgent selects Matterport for 3D home-buying experiences - Matterport, a spatial data company that has entered into a definitive agreement for a business combination with Gores Holdings VI, has been adopted by FocalAgent to create and supply Matterport 3D experiences to all their real estate clients. Focal Agent supplies a suite of digital marketing products to the largest UK estate agents, who are selling properties faster and at up to 15% higher sales price.
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CASY | Hot Stocks09:17 EDT Casey's General Stores appoints Gregory Trojan to board - Casey's General Stores announced the appointment of Gregory A. Trojan to its Board of Directors, bringing the number of directors from nine to ten. Mr. Trojan has over 25 years of experience leading national restaurant, retail and consumer products companies. "We are excited to welcome Greg to the Casey's Board of Directors as he provides significant restaurant, food service and other expertise to complement our current board capabilities. Casey's and its shareholders will benefit immensely from his diverse, consumer-focused experience over nearly three decades," said Lynn Horak, Casey's Board Chair.
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BLNK | Hot Stocks09:16 EDT Blink's Blue Corner to install up to 500 EV charging stations across Belgium - Blink Charging announced that its wholly owned European subsidiary, Blue Corner, has signed a contract to sell and operate EV charging stations at the KU Leuven campuses across Belgium. KU Leuven is one of Europe's leading research universities. This exclusive four-year sales contract also includes a 10-year service agreement for the operation of the charging stations. The sales and operations contract is valued at approximately EUR1.5 million or approximately $1.8 million. The tender award is being coordinated through the Blue Corner team based in Antwerp, Belgium which continued to work for the company following Blink's acquisition of Blue Corner, and will begin deployments commencing in the fall of 2021.
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FUV | Hot Stocks09:16 EDT Fl, Louisiana, Hawaii change driver requirement for three-wheel autocycles - Arcimoto announced that Florida, Hawaii, and Louisiana are the latest states to reclassify driving requirements for next-generation autocycles such as those made by Arcimoto, removing the need for a motorcycle endorsement and allowing drivers to operate the FUV, Rapid Responder, and Deliverator with a standard driver's license. "On behalf of everyone aiming to adopt ultra-efficient mobility solutions, we would like to sincerely thank the state legislatures and governors in Florida, Hawaii, and Louisiana, as well as the Arcimoto preorder customers and advocates who testified to push these common-sense changes forward," said Mark Frohnmayer, Arcimoto Founder and CEO. "This will remove a needless hurdle to both own and rent an FUV, which is stable by design and requires no special skills to operate, with simple controls that can be easily learned before your first drive.
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HMBL | Hot Stocks09:11 EDT HUMBL announces Brand Ambassador partnership with Gabby Thomas - HUMBL has formally announced its HUMBL Brand Ambassador partnership with USA Track and Field athlete Gabby Thomas. In addition to her accomplishments on the track, Thomas is a graduate of Harvard University where she studied neurobiology and global health. She is currently pursuing her Master's Degree in Public Health at the University of Texas.
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STLHF | Hot Stocks09:09 EDT Standard Lithium receives approval to list on NYSE American - Standard Lithium announces that it has received approval to list its outstanding common shares on the NYSE American. Trading is expected to commence on the NYSE American at the open of markets on July 13, 2021 under the ticker symbol "SLI". Trading on the OTCQX will cease concurrent with the NYSE American listing. The common shares of the Company will continue to trade on the TSX Venture Exchange under the new ticker symbol "SLI" concurrent with the NYSE American listing.
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MOGO COIN | Hot Stocks09:09 EDT Mogo announces new minority investment in Canada's Tetra Trust - Mogo (MOGO) announced a new minority investment in Tetra Trust, "which launched as Canada's first qualified custodian for cryptocurrency asset," the company stated Tetra Trust's core business is the custody and storage of cryptocurrency assets including bitcoin, ether and a variety of other digital assets. Prior to Tetra's launch, the Canadian market for cryptocurrency custody was limited to U.S. providers and unregulated Canadian custodians. For additional information on Tetra Trust, please refer to the company's recent press release. In addition to Mogo, Tetra Trust is backed by several industry participants including Coinsquare, Canada's premier crypto exchange digital asset trading platform, Coinbase Ventures, an investment arm of Coinbase (COIN), the largest publicly traded crypto exchange in the world and the Canadian Securities Exchange. As previously disclosed, Mogo has acquired an approximate 39% ownership position in Coinsquare. Coinsquare owns approximately 47% and Mogo has acquired approximately 4% of the outstanding common shares of Tetra Trust. "This launch represents another important development for Coinsquare as they continue to build their leadership position in the Canadian market and develop the cryptocurrency ecosystem," said Greg Feller, Mogo's President. "As Canada's first regulated custody provider, Tetra Trust serves a vital role in the trading of digital assets."
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IRTC | Hot Stocks09:09 EDT iRhythm partnering with National Association of Managed Care Physicians - iRhythm and the Value Based Care Council of the National Association of Managed Care Physicians, or NAMCP, announced a partnership to help payers and managed care organizations assess the value of long-term continuous cardiac monitoring. iRhythm and the NAMCP are working together to identify an objective assessment mechanism for long-term continuous cardiac monitoring solutions. The partnership aims to define the characteristics of value across solutions in the category, and how they impact endpoints in the Quadruple Aim - patient outcomes, patient experience, clinician experience, and cost of care.
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SKX | Hot Stocks09:09 EDT Skechers launches 'Ryan's World' collaboration - Skechers is launching the new Skechers x C. Ryan Kaji, nine-year-old star of the global "Ryan's World" franchise, whose YouTube channel has over 30M subscribers, worked with the Skechers Kids design team on the colorful collection launching immediately. Skechers developed the collaboration with pocket.watch and the Kaji family's Sunlight Entertainment.
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FAT | Hot Stocks09:08 EDT Fat Brands announces 50-store franchise deal in Mexico - FAT Brands is bringing Fatburger and Buffalo's Express to Mexico in a new 50-store franchise deal in partnership with Red Rombo Group. The co-branded concept, Fatburger and Buffalo's Express, will make its debut in Mexico City with three locations slated in the capital city, the first of which is set to open by the end of the year. The expansion into Mexico marks the 14th international foray for the Fatburger and Buffalo's Express co-branded model. The complementary, two-in-one concept is quickly becoming the standard for FAT Brands franchisees, with over 70 percent of Fatburger locations now co-branded with Buffalo's Express.
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VZ MVEN | Hot Stocks09:07 EDT Verizon's identity solution adopted by Maven - Maven (MVEN) has adopted Verizon's (VZ) identity solution across its portfolio of digital media brands and sites, including Sports Illustrated and TheStreet. Verizon Media's unified identity solution aims to help advertisers and publishers connect with audiences in mobile, web, connected TV, and more, while respecting consumer choice and privacy.
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BAESY | Hot Stocks09:07 EDT BAE Systems awarded up to $600M Army contract for AMPV support - The U.S. Army has awarded BAE Systems a contract worth up to $600M for the sustainment and support of the Armored Multi-Purpose Vehicle, or AMPV, over the next five years. The AMPV comes in five variants designed to execute a broad set of missions while operating on the front lines.
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MCF COP | Hot Stocks09:06 EDT Contango Oil & Gas to acquire Wind River Basin assets for $67M - Contango Oil & Gas Company (MCF) announced that it has entered into an agreement to acquire low decline, conventional gas assets in the Wind River Basin of Wyoming from ConocoPhillips (COP). HIGHLIGHTS: Acquisition of PDP heavy reserves for $67 million in cash, representing a discount to the proved producing reserve value of the asset; Net production run rate of approximately 78 Mmcfe/d as of July 1, 2021; Expected to increase Contango's run rate production by approximately 57% in Q3 of 2021; Expected production decline of approximately 5% per year over the next 5 years; Significant potential for upside via Contango's track record of optimizing cash flow and reserves on acquired assets. The purchase and sale agreement provides that Contango will acquire approximately 446 Bcfe of PDP reserves for a total purchase price of $67 million in cash, subject to customary purchase price adjustments, with a June 1, 2021 effective date. Closing of the transaction is expected to occur in the third quarter of 2021, subject to the satisfaction of certain closing conditions, including those set forth in the purchase and sale agreement. The company intends to fund the purchase price with cash on hand and availability under its existing revolving credit facility.
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ERIC | Hot Stocks09:06 EDT Ericsson, MIT enter collaboration agreement for two research projects - MIT and Ericsson are collaborating on two research projects that seek to help build a new network infrastructure needed to empower the truly revolutionary use cases the next generation of mobile networks will bring. Ericsson is working to research cognitive networks, which rely on artificial intelligence to enable a secure, automized, data-driven network operation. To improve the compute power, speed and energy efficiency of cognitive networks, Ericsson Research and the MIT Materials Research Laboratory are collaborating to research new designs in lithionic chips enabling neuromorphic computing, offering exponentially more energy efficient AI processing. In addition to research on lithionics, Ericsson and the MIT Research Laboratory of Electronics are collaborating on research of mobile networks that connect trillions of sensors and other "zero-energy" devices around us.
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KLR | Hot Stocks09:06 EDT Kaleyra acquires Bandyer, amount undisclosed - Kaleyra announced it has acquired Bandyer for an undisclosed amount. Bandyer offers cloud-based audio/video communications services to financial institutions, retail companies, utilities, industries, insurance, human resources and digital healthcare organizations. Bandyer has been serving customers with Audio/Video APIs and SDKs based on WebRTC technology for a variety of use cases including group video calls and webinars. Bandyer's two competitive differentiators are that users do not need to download any software and that the whole user experience can be branded and customized to a user's specifications. "The acquisition of Bandyer adds video capabilities to Kaleyra's already wide offering of communication channels. During the pandemic, consumers got used to having fewer in-person touchpoints with businesses, and video is the best available proxy for these in-person interactions," explains Nicola Jr. Vitto, Chief Product Officer at Kaleyra. " With this acquisition, Kaleyra is continuing to ramp up its M&A activity, as it completed the acquisition of the US-based mobile engagement platform mGage on June 1.
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WBA | Hot Stocks09:05 EDT Walgreens Boots Alliance, VillageMD to open 29 new locations in southwest market - Walgreens Boots Alliance and VillageMD announced plans to open 29 new Village Medical at Walgreens practices in Houston, Austin and El Paso this year. The strategic partnership is on track to meet its overall goal of opening at least 600 Village Medical at Walgreens in more than 30 U.S. markets over the next four years, with the intent to build hundreds more thereafter. The expansion is part of the $1B accelerated investment effort announced in January to deliver high-quality healthcare to patients, with Village Medical primary care physicians and Walgreens pharmacy services through an integrated care delivery model.
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RHI | Hot Stocks09:05 EDT Robert Half subsidiary Protiviti adopting Galvanize's HighBond platform - Robert Half's wholly owned subsidiary Protiviti, a global consulting firm, has chosen Galvanize's AI-powered HighBond platform to streamline audit workflows, improve enterprise risk assessment, and enhance risk controls across the Asia-Pacific region. Protiviti has already been working successfully with the technology for many years in Japan. Through the strategic partnership Protiviti can also resell HighBond to its clients for implementation. Protiviti is looking to move beyond manual GRC workflows and unify data at the global organization.
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PLBY | Hot Stocks09:04 EDT PLBY Group, Gaming Technologies partner for Rummy mobile game in India - PLBY Group and Gaming Technologies announced a partnership to bring a new Playboy-branded, skill-based, real-money Rummy mobile game to the Indian market. The game is expected to launch in 2021.
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PHG CTSH | Hot Stocks09:04 EDT Philips, Cognizant collaborate to introduce digital health solutions - Royal Philips (PHG) and Cognizant (CTSH) announced a new collaboration to develop end-to-end digital health solutions that will enable healthcare organizations and life sciences companies to improve patient care and accelerate clinical trials. The alliance brings together Philips HealthSuite, a cloud-based platform and Cognizant's digital engineering knowledge to deliver and maintain digital health solutions at scale. As part of this collaboration, Cognizant will build, deploy, implement, and operate client-specific applications on Philips HealthSuite. These customizable, scalable solutions integrate advanced data analytics, helping to improve both the patient and clinician experience by providing relevant data to the appropriate point-of-care. "Despite advances, patients and clinicians still face a fragmented technology and data landscape that holds back innovative healthcare services which improve care quality and the human experience," said Shez Partovi, Chief Innovation & Strategy Officer, Royal Philips. "Philips is committed to driving the digital transformation of healthcare. Partnering with Cognizant's experienced digital engineering teams will accelerate the adoption of solutions built on Philips HealthSuite, delivering digital solutions across the healthcare continuum in a secure and compliant manner, and ultimately helping guide better health decisions for patients."
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PHG CTSH | Hot Stocks09:03 EDT Philips, Cognizant collaborate for digital health solutions - Royal Philips (PHG) and Cognizant (CTSH) announced a new collaboration to develop end-to-end digital health solutions that will enable healthcare organizations and life sciences companies to improve patient care and accelerate clinical trials. The strategic alliance brings together Philips HealthSuite, a cloud-based platform and Cognizant's digital engineering expertise to deliver and maintain leading-edge digital health solutions at scale, providing advanced connectivity and using big data to create actionable insights. Philips HealthSuite, built on Amazon Web Services, is an integrated, modular set of standards-based capabilities that support the development of digital health propositions. The platform securely stores critical healthcare data and provides both advanced data analytics and AI capabilities, while delivering industry-leading interoperability, connectivity, and regulatory compliance. To date, more than 100 types of medical devices have been integrated into HealthSuite, with over 145 billion clinical images securely archived on the cloud platform. As part of this collaboration, Cognizant will build, deploy, implement, and operate client-specific applications on Philips HealthSuite. These customizable, scalable solutions integrate advanced data analytics, helping to improve both the patient and clinician experience by providing relevant data to the appropriate point-of-care.
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TKAT | Hot Stocks09:01 EDT Takung Art announces $5M private placement - Takung Art announced that it has entered into a securities purchase agreement with an institutional investor to raise $5M through a private placement of 571,429 shares of Common Stock at a purchase price of $8.75 per share. The closing of the private placement is expected to occur by July 12, 2021, subject to the satisfaction of certain customary closing conditions set forth in the SPA. Maxim Group LLC is acting as the sole placement agent for the transaction.
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SABR | Hot Stocks08:51 EDT Polani Travel Group signs new multi-year agreement with Sabre - Polani Travel has signed a new multi-year agreement with Sabre. The agreement will see PTG continue to use Sabre's innovative technology and platform to support its growth plans and future innovations. Sabre is also helping to optimize the travel distributor's efficiency and workflow through its Automation Hub, which automates manual operational tasks, and Sabre Virtual Payments.
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BYND | Hot Stocks08:41 EDT Beyond Meat launches Beyond Chicken Tenders at restaurants nationwide - Beyond Meat launched its new Beyond Chicken Tenders. The company said, "Crafted to look, cook and taste like traditional chicken tenders, the delicious plant-based Beyond Chicken Tenders are breaded to perfection for a crispy outside and irresistibly tender bite. Starting today, consumers can find the latest must-try product from Beyond Meat at select restaurants across the country." Like all Beyond Meat products, Beyond Chicken Tenders are made from plant-based ingredients like faba beans and peas. With 14g of protein per serving, they're a source of protein and have 40% less saturated fat than the leading foodservice chicken tender. Beyond Chicken Tenders are also made with no GMOs, antibiotics or hormones, and have no cholesterol.
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TMO | Hot Stocks08:41 EDT Thermo Fisher's Rapid DNA solution of law enforcement approved by FBI - The U.S. Federal Bureau of Investigation, or FBI, has approved Thermo Fisher Scientific's Applied Biosystems RapidHIT ID DNA Booking System for use by law enforcement booking stations to automatically process, upload and search DNA reference samples from qualifying arrestees against the U.S. National DNA Index System CODIS database. The RapidHIT ID DNA Booking System is a fully automated, sample-to-answer genetic analyzer, allowing for an arrestee DNA sample to be processed, enrolled and searched in CODIS in approximately 90 minutes.
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EVCM | Hot Stocks08:40 EDT EverCommerce completes acquisition of Timely - EverCommerce announced that it completed the acquisition of Timely Timely joins the EverCommerce suite of integrated SaaS solutions across business management, marketing, customer engagement, and billing and payments. With this acquisition, EverCommerce will expand its product offerings and market reach in the salon and spa industry to the United Kingdom, Australia, and New Zealand markets.
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PAYX | Hot Stocks08:39 EDT Paychex announces $400M stock repurchase - Paychex announced a quarterly dividend of 66c per share payable August 26. The dividend is available to shareholders of record as of August 2. Paychex also announced the company's board of directors have authorized the purchase of up to $400M of its common stock. The authorization expires January 31, 2024. "At Paychex, we take great pride in the company's history of providing exceptional shareholder value. Today's dividend and stock repurchase announcement are an illustration of that commitment and positions us to continue to make strategic investments in the long-term growth of Paychex," said Martin Mucci, Paychex president and CEO.
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QNTA | Hot Stocks08:39 EDT Quanta's Medolife Rx announces clinical observations on Escozine - Medolife Rx announced new clinical observations made on its lead drug candidate Escozine. Physicians observed that patients who originally had strong adverse reactions to COVID-19 vaccines and who were given Escozine, experienced significantly lessened side effects. Typical vaccine side effects are similar to symptoms of the actual COVID-19 virus, including body cough, aches, fatigue and fever, among others. These observations have led the Company to move forward with pursuing an additional pilot study on the drug, looking to prove its effectiveness in decreasing side effects of vaccinations for COVID-19. Management plans to meet with the Ministry of Health and the office of the President of the DR to present the observations and seek further guidance on next steps for approval as a complimentary product for vaccine recipients.The Company is currently pursuing approval of Escozine as both a palliative and therapeutic treatment for the virus in the US and the DR, with positive data from preclinical studies suggesting its effectiveness. Given that Escozine has received product registration as a natural alternative medicine in Dominican and been a part of these clinical studies, physicians at the clinic provided doses to certain vaccine recipients and observed this reduction in side effects.
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SEED | Hot Stocks08:38 EDT Origin Agritech's four new corn hybrids approved my MOA - Origin Agritech announced that it has received approval from the Ministry of Agriculture and Rural Affairs, or MOA, for four of its new hybrid corn breeds, further enriching its product pipeline and increasing its competitiveness in China's corn seed market. Furthermore, the company currently has GMO enhanced versions of the newly approved hybrids currently in the approval pipeline.
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LOTZ | Hot Stocks08:37 EDT CarLotz announces partnership with TiiCKER to provide shareholder perks - CarLotz announced a strategic partnership with TiiCKER to connect directly with its consumer shareholders. TiiCKER provides access to shareholder perks, commission-free trading, and shareholder stores. "As CarLotz has grown, so has our fan base and the number of retail investors who are equally excited about our one-of-a-kind consignment model," said Michael Bor, Co-Founder and CEO of CarLotz. "We want to connect with these investors in a meaningful way. Our program will reward our LOTZ owners for their loyalty by giving them access to the LOTZ Shareholder Store and retail investor site that includes a range of perks from branded merchandise to consignment discounts." CarLotz stock perks are now available for shareholders on TiiCKER and include an exclusive discount and LOTZ-branded items for verified shareholders.
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TAST | Hot Stocks08:37 EDT Carrols Restaurant acquires 19 Burger King locations in Indiana, Michigan - Carrols Restaurant Group announced that it recently acquired 19 BURGER KING restaurants in Indiana and Michigan. Daniel Accordino, the Chairman and CEO of Carrols, commented, "As we have stated previously, with our Adjusted Leverage Ratio below four times, we have been pursuing opportunistic bolt-on transactions to grow our overall portfolio. These 19 restaurants, which were acquired in two separate transactions, constitute our first multi-restaurant acquisitions in more than two years and increase our store count in two large Midwestern states where we already have a significant presence. Importantly, we believe that we can improve upon the average sales volume of these restaurants and increase their margins over time as we integrate them into our existing operations."
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BRFH | Hot Stocks08:36 EDT Barfresh says well positioned to support Calif. rollout of free school meals - Riccardo Delle Coste, CEO of Barfresh commented, "The passing of a universal school meal program is a huge win for the students of California and we believe California is the first of many states in the nation to adopt free school meals for all students, regardless of their socioeconomic status. As an example, this past week Maine has also now joined California in offering free lunches for all students. Our Company is uniquely equipped to provide schools with a full suite of healthy, nutritious and delicious beverage offerings that are compliant with USDA Reimbursable Meal Programs. We have an established presence in the California education system and are very well positioned across the nation to help support school administrators in the upcoming 2021-2022 school year and beyond as they now work to ensure all children are provided a healthy breakfast and lunch each day."
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VCYT | Hot Stocks08:36 EDT Veracyte says Rob Brainin to join as chief business officer, Bill Zondler to CIO - Veracyte announced key appointments that further strengthen its executive team and support the company's global expansion. Rob Brainin will join the company as executive vice president and chief business officer and Bill Zondler has been appointed senior vice president and chief information officer. Both executives will report to Marc Stapley, Veracyte's chief executive officer. Rob Brainin Named EVP and Chief Business Officer at Veracyte."I'm delighted that Rob and Bill will join Veracyte's leadership team. Both executives are seasoned life sciences leaders with proven track records for building successful organizations in complex and dynamic environments," said Mr. Stapley. "Rob will lead our biopharmaceutical partnerships, including leveraging opportunities from our recent and in-process acquisitions, as well as our strategic planning and business development. Bill will build out our global IT infrastructure, ensuring our ability to serve clinical customers and patients across our broad products and geographies. Ultimately, these leaders will help Veracyte execute on our powerful vision of improving outcomes for patients all over the world at every step of their journey."
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TGB | Hot Stocks08:36 EDT Taseko Mines reports production at Gibraltar Mine, Florence Project update - Taseko Mines announces that the Gibraltar Mine produced 27M pounds of copper and 400,000 pounds of molybdenum in the second quarter of 2021. In June, mining operations transitioned into higher-grade benches in the Pollyanna Pit which resulted in a 20% increase in copper production over the first quarter, in line with management expectations. Stuart McDonald, President and CEO of Taseko, commented, "We continue to expect strong copper production in the second half of the year, which in the current price environment will lead to robust cashflows. Copper prices remained strong over the second quarter, and the average LME price of $4.40 per pound is the highest ever for a quarterly period. We took advantage of the strong market conditions to extend our price protection program through the acquisition of copper collars. These contracts secure a minimum copper price of $4.00 per pound and a ceiling price of $5.60 per pound for 42 million pounds of copper over the first half of 2022. This supplements the existing put option protection that we have in place for the second half of 2021 and ensures that Gibraltar will be generating strong cashflows during construction of the Florence Copper commercial facility."
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STLA | Hot Stocks08:34 EDT Stellantis to invest over EUR30B in electrification, software through 2025 - Stellantis presented a comprehensive electrification strategt. This strategy will allow the Company to target sustainable, double-digit Adjusted Operating Income margins in the mid-term. Stellantis plans to achieve increased profitability in the coming years. This will be supported by the execution of the synergy opportunities arising from the formation of Stellantis, with a forecast of annual cash synergies of more than EUR5 billion at steady state, the roadmap of battery cost reductions, and the continued optimization of distribution and production costs and realization of new revenue streams, in particular from connected services and future software business models. As a result, Stellantis is targeting to achieve sustainable, double-digit Adjusted Operating Income margins in the mid-term, making the Company a benchmark in profitability in the provision of electrified mobility to customers on a global basis. Stellantis intends to become the market leader in low emission vehicles. Through 2030, Stellantis' LEV mix for passenger cars in Europe is targeted to steadily grow to over 70 percent - 10 percentage points ahead of current industry assumptions for overall market mix. In the U.S., Stellantis' LEV mix for passenger cars and light-duty trucks is expected to be more than 40 percent by 2030. To execute this strategy, Stellantis plans to invest more than EUR30 billion through 2025 in electrification and software development, including equity investments made in joint ventures to fund their activities, while targeting to continue to be 30 percent more efficient than the industry with respect to total Capex and R&D spend versus revenues. The Company remains committed to growing its commercial vehicle leadership in Europe and strengthening its position in North America while aiming to be the global leader in e-Commercial vehicles. Leveraging knowledge and embracing synergies, the commercial vehicle electrification rollout will extend to all products and all regions over the next three years, including the delivery of hydrogen fuel cell medium vans by the end of 2021. The Stellantis electrification roadmap encompasses the entire value chain. The Company's EV battery sourcing strategy is to secure more than 130 gigawatt hours of capacity by 2025 and more than 260 GWh by 2030. The EV battery and component needs will be met with a total of five "gigafactories" in Europe and North America, completed with additional supply contracts and partnerships to support total demand. Stellantis has signed MOUs with two lithium geothermal brine process partners in North America and Europe to ensure a sustainable supply of lithium, identified as the most critical battery raw material with regard to availability, as well as have the ability to integrate lithium into the supply chain once available. In addition to sourcing strategies, Stellantis' technical expertise and manufacturing synergies will drive battery costs lower. Electric vehicle battery pack costs are targeted to be reduced by more than 40 percent from 2020 to 2024 and by more than an additional 20 percent by 2030. All aspects of the battery pack play a role in reducing the costs - optimizing the overall pack, simplifying the format of the modules, increasing the size of the battery cells and upgrading the battery chemistry. The Company intends to maximize the full value of the battery life cycle through repair, remanufacturing, second-life use and recycling, as well as ensure a sustainable system that prioritizes customer needs and environmental concerns. Affordability is a priority at Stellantis, as the Company is targeting for the total cost of ownership of EVs to be equivalent to internal combustion engine vehicles by 2026.
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AGLE EVR | Hot Stocks08:34 EDT Aeglea BioTherapeutics appoints Alspaugh as Chief Financial Officer - Aeglea BioTherapeutics (AGLE) announced the appointment of Jonathan Alspaugh as Chief Financial Officer. Alspaugh has over a decade of experience advising healthcare companies on strategic and financial matters. He joins Aeglea from Evercore (EVR) where he most recently served as a managing director in the firm's corporate advisory business.
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CMG | Hot Stocks08:29 EDT Chipotle utilizes TikTok resumes to grow workforce - Chipotle Mexican Grill announced it is among the first brands to leverage TikTok Resumes to recruit applicants and grow its workforce. Due to the competitive labor market, Chipotle is continuing to experiment with new methods of meeting its potential applicants where they are. Through TikTok Resumes, "Chipotle's prospective applicants can showcase their authenticity and true passions in unique ways outside of a traditional resume or sit-down interview," the company said. "Given the current hiring climate and our strong growth trajectory, it's essential to find new platforms to directly engage in meaningful career conversations with Gen-Z," said Marissa Andrada, Chief Diversity, Inclusion and People Officer. "TikTok has been ingrained into Chipotle's DNA for some time and now we're evolving our presence to help bring in top talent to our restaurants."
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MNMD | Hot Stocks08:26 EDT MindMed announce partnership with Datavant, to use privacy-protecting technology - MindMed and Datavant announced a partnership through which MindMed will use Datavant's privacy-protecting technology to link MindMed's clinical trial data to external data from both clinical and real-world sources. MindMed plans to use Datavant's linking technology across various stages of the drug lifecycle including discovery, clinical development, and commercialization. "While MindMed pursues its mission of radically transforming the paradigm of care for treating psychiatric and substance use disorders, the goal of this initiative is to accelerate efforts to build better psychedelic-inspired medicines and adjacent therapeutic technology", said Robert Barrow, Chief Executive Officer of MindMed. Daniel Karlin, MD, MA and Chief Medical Officer of MindMed, added, "In order to build a deeper understanding of the illnesses we seek to treat, we need to better integrate data on the efficacy and efficiency of existing care models as well as patient and provider-related outcomes... Truly understanding the patient journey by knowing about all relevant encounters and events that lie outside of the limited window of clinical trials will enable us to better develop and deploy therapeutics that offer new hope for people who are suffering."
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ABG | Hot Stocks08:24 EDT Asbury Automotive, Salty partner to enhance Clicklane - Salty Dot announced a strategic partnership with Asbury Automotive Group to enhance Clicklane - a technology ecosystem which enables an authentic online car-buying and selling experience. Clicklane customers can now receive a bindable car insurance quote through Salty's carrier network. Additionally, Asbury's market will expand beyond the traditional auto purchase. "The partnership with Salty further proves our dedication to a complete digital experience while continuing to drive our omnichannel strategy," said CEO & President David Hult. "Asbury customers spend almost $350 million on insurance every year, and they deserve a state-of-the-art customer experience that includes the opportunity to protect their vehicle purchases."
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HIL | Hot Stocks08:23 EDT Hill to provide project management oversight to Anantara Resort Hotel - Hill International announced it has been awarded a contract by RAK Properties PJSC to provide project management services for the 5-star Anantara Resort Hotel at Mina Al Arab in the Ras Al Khaimah Emirate. The project is tailored to guests desiring overwater luxury in an eco-sanctuary setting and is scheduled for completion in late 2022.
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NLSN | Hot Stocks08:21 EDT Nielsen has acquired TV attribution provider TVTY - Nielsen has acquired TVTY, a TV attribution provider and ad monitoring company based in Paris, France. Financial terms were not disclosed. Nielsen's Chief Growth Officer and President, International, Sean Cohan said, "We're excited to welcome TVTY into the Nielsen family. The acquisition of TVTY aligns to Nielsen's strategy to deliver cross-media outcomes as a complement to audience measurement. TVTY bolsters Nielsen's ability to size an audience with analytics. Nielsen offers marketers full-funnel search, interest and sales metrics, enabling them to operate with speed and granularity. We offer valuable data insights to plan, optimize and assess the performance of spend across channels and markets. Together we will be powering a better media future for marketers." TVTY is a tech company with a presence in New York, London, Madrid, Paris & Lyon and operates in more than 20 countries worldwide.
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GENI | Hot Stocks08:19 EDT Genius Sports expands relationship with DIMAYOR - Genius Sports has expanded upon its current relationship with DIMAYOR, the governing body of the premier competitions in Colombian soccer. The new contract grants Genius Sports the exclusive rights to capture and distribute official DIMAYOR data and live video streams for regulated sports betting. This will include all Liga BetPlay, Torneo BetPlay, Copa BetPlay and Superliga BetPlay games. Through the new agreement, Genius Sports' network of over 150 regulated sportsbook partners will gain unprecedented access to more official premium data and streaming content from across Latin America. To maintain the transparency and fairness of Colombian soccer, Genius Sports will continue to provide its bet monitoring system. By analyzing global betting activity on DIMAYOR's events, using predictive algorithms, Genius Sports' technology helps to automatically flag any potentially suspicious betting activity.
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RSVR ROCC | Hot Stocks08:19 EDT John Parish signs global deal with Blue Raincoat Music Publishing/Reservoir - Producer, composer and artist John Parish has signed a global deal with Blue Raincoat Music Publishing/Reservoir encompassing all of John's multi-dimensional work across a 25-year career. Since the mid-90s John has worked with a range of artists, while also writing for film, stage and TV. He collaborated on five PJ Harvey albums, co-producing and featuring on the Mercury Award-winning Let England Shake and Mercury-nominated To Bring You My Love, and also co-writing and performing on Dance Hall At Louse Point and A Woman A Man Walked By. Most recently, John produced London band Dry Cleaning's debut album, New Long Leg, which topped the UK Independent Albums chart. Other productions include Aldous Harding, Sparklehorse, Tracy Chapman, Giant Sand, This Is The Kit and the Eels' Souljacker, on which he also co-wrote. Under his own name John released four albums with feted Thrill Jockey label and 2018's Bird Dog Dante. He has created award-winning scores for many independent movies including Patrice Toye's Rosie and Little Black Spiders, Ursula Meier's L'Enfant D'en Haut, and Nathalie Teirlinck's Le Passe Devant Nous. Blue Raincoat Music Publishing/Reservoir have also welcomed two emerging artists to their roster: Elanor Moss and HighSchool.
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ENSC | Hot Stocks08:18 EDT Ensysce Biosciences awarded year three of opioid product development grant - Ensysce Biosciences announced receipt of the 3rd year award of a multi-year grant from the National Institute on Drug Abuse, NIDA. This award will provide $2.8M to initiate a Phase 1 study of the first MPAR overdose protection product in the U.S.. This brings the total support of NIDA to $8.0M. An additional $2.8M award for year four is pending. PF614-MPAR is designed as an extended-release oxycodone prodrug with both trypsin-activated abuse protection and overdose protection through multi-pill abuse resistance technology. TAAP chemical modification inactivates the active ingredient in PF614 to provide abuse deterrence, and the combination with the trypsin inhibitor, nafamostat, in MPAR provides the additional layer of overdose protection. The MPAR overdose protection has been demonstrated in animals and the Phase 1 study with PF614 is being conducted to further validate the MPAR overdose protection technology.
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FSLR | Hot Stocks08:17 EDT First Solar invests $11M in underserved communities in the U.S. - First Solar has invested $11 million in efforts to revitalize American communities and bridge racial gaps in health, wealth, and opportunity. As part of the initiative, the company has purchased $10 million in Impact Notes from the Local Initiatives Support Corporation and made a $1 million Transformational Deposit in the HOPE Credit Union.
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COIN MOGO | Hot Stocks08:16 EDT Tetra Trust closes financings led by consortium of strategic investors - Tetra Trust Company is pleased to announce that it has launched as Canada's first qualified custodian for cryptocurrency assets. Tetra Trust received its Certificate of Registration from the Government of Alberta on July 5, 2021 and qualified to act as a custodian under National Instrument 31-103 Registration Requirements, Exemptions, and Ongoing Registrant Obligations and National Instrument 81-102 Investment Funds. Tetra Trust's core business is the custody and storage of cryptocurrency assets including bitcoin, ether and a variety of other digital assets and tokenized securities. Prior to Tetra's launch, the Canadian market for cryptocurrency custody was limited to U.S. providers and unregulated Canadian custodians. Tetra Trust also announces the closing of multiple financing rounds that includes Coinsquare, Canada's premier crypto exchange digital asset trading platform; Coinbase Ventures, an investment arm of Coinbase (COIN); the Canadian Securities Exchange; Mogo Inc. (MOGO), Urbana Corporation; Caldwell Growth Opportunities Fund and others.
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FSTX AZN | Hot Stocks08:14 EDT F-star Therapeutics signs STING compound licensing agreement with AstraZeneca - F-star Therapeutics (FSTX) has entered into an exclusive licensing agreement with AstraZeneca (AZN) under which AstraZeneca will receive global rights to research, develop and commercialize next generation Stimulator of Interferon Genes - STING - inhibitor compounds. AstraZeneca is granted exclusive access to F-star's novel preclinical STING inhibitors. AstraZeneca will be responsible for all future research, development and commercialization of the STING inhibitor compounds, and F-star will retain rights to all STING agonists, currently in clinical development for patients with cancer. F-star is eligible to receive upfront and near-term payments of up to $12M. In addition, F-star will be eligible for development and sales milestone payments of over $300M, as well as single digit percentage royalty payments. Payments received by F-star are subject to a contingent value rights agreement under which a percentage will be payable to stockholders of F-star that were previously stockholders of Spring Bank Pharmaceuticals prior to the business combination between F-star and Spring Bank.
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IBM AEXAY | Hot Stocks08:14 EDT IBM, Atos to collaborate to build secured infrastructure for Dutch MoD - Atos (AEXAY) and IBM (IBM) announced their plans to collaborate to build a new digital infrastructure for the Dutch Ministry of Defense, or MoD. The Dutch Ministry of Defense plans to use advanced technologies, infrastructure services, and expertise from Atos and IBM Global Technology Services to construct new data centers, safeguard its IT system, and build a proprietary broadband mobile network to help ensure classified government information remains protected.
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PAYX | Hot Stocks08:13 EDT Paychex expands board of directors, appoints new member - Paychex announced that the company's Board of Directors has voted to expand to 10 members from 9 members. The Board has appointed Kevin Price to fill the new position. MPrice is the founder and president of PartsScription, an ecommerce platform. Price's appointment to the Paychex Board of Directors is effective immediately.
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CNI KSU | Hot Stocks08:13 EDT Kansas City Southern sets special meeting date for vote on CN combination - CN (CNI) and Kansas City Southern (KSU) announced that KCS has scheduled a virtual Special Meeting of Stockholders to vote on the proposed combination with CN on August 19, 2021, at 9:00 a.m. Central Time. All stockholders of record of KCS common stock and KCS 4% non-cumulative preferred stock as of the close of business on July 1, 2021 will be entitled to vote their shares at the Special Meeting. As previously announced on May 21, 2021, under the terms of the agreement, which was unanimously approved by the Board of Directors of each company, KCS stockholders will receive $200 in cash and 1.129 shares of CN common stock for each KCS common share, with KCS stockholders expected to own approximately 12.65% of the combined company. KCS' preferred stockholders will receive $37.50 in cash for each preferred share. Additional information regarding the combination can be found in the definitive proxy statement that has been filed with the U.S. Securities and Exchange Commission.
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TCNNF | Hot Stocks08:12 EDT Trulieve Cannabis completes acquisition of Keystone Shops - Trulieve Cannabis announced the closing of the equity acquisition of Anna Holdings which holds a permit to operate dispensaries under Keystone Shops with locations in Philadelphia, Devon, and King of Prussia. Total transaction consideration was $60M satisfied through the payment of $20M in cash and by the issuance of 1,009,336 subordinate voting shares of the company which are subject to lockup periods of up to 18 months following the closing date of the transaction. The deal does not carry a deferred payment or an earn-out period and provides for an additional $5M in consideration which is contingent upon the enactment, adoption or approval of laws allowing for adult-use cannabis in Pennsylvania.
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APO | Hot Stocks08:11 EDT Apollo Global completes $1B in aircraft origination volume in Q2 - Apollo Global announced that entities, clients and funds managed by its affiliates completed approximately $1B in aircraft-related origination volume during Q2, the most active quarter on record since Apollo began programmatically investing in aircraft assets nearly a decade ago. During the quarter, Apollo completed fundraising for its inaugural dedicated aviation finance offering, Navigator Aviation Fund I. Navigator provides exposure to directly sourced private deals across diverse opportunity set of aircraft types, vintages, airlines and jurisdictions. Since inception, Navigator has committed to 33 aircraft across 15 different operators. Also closed in the quarter was issuance of $540M of secured notes by MAPS 2021-1 Trust, an aircraft asset-backed securitization, serviced by Merx, financing a portfolio of 20 Airbus and Boeing aircraft valued at approximately $620M.
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HYMTF | Hot Stocks08:10 EDT Hyundai, Kia, Next Hydrogen collaborate for alkaline water electrolysis system - Hyundai Motor Company and Kia Corporation have signed a memorandum of understanding with Next Hydrogen Corporation, bolstering their efforts to usher in a global hydrogen society through cost-effective production of clean hydrogen. Under the agreement, the companies will jointly develop an alkaline water electrolysis system1 and its related stack for the purpose of generating green hydrogen economically and exploring new business opportunities and technological applications. Hyundai Motor, Kia, and Next Hydrogen are looking to improve the price competitiveness of clean hydrogen in consideration of regional climate and environmental characteristics. The companies, which are expanding their base by examining the strengths and weaknesses of various water electrolysis technologies, agreed to explore the possibility of alkaline water electrolysis system among various water electrolysis technologies this time. Among the various methods of water electrolysis, the alkaline water electrolysis system is regarded as technologically one of the most rigorously tested and proven means with a long track record of research and development. Also, it has the advantage of being able to produce large-scale hydrogen and using relatively inexpensive catalysts, making facility costs low. The aim is to advance stack-related technologies that are at the core of the alkaline water electrolysis system to reduce the cost of building the system and maintaining/operating the system. The key benefit to be derived from the project is that by enhancing the performance of stack-related technologies in the alkaline water electrolysis process, it will be possible to develop a new stack which can be operated at high current density2 and produce green hydrogen economically. The newly developed stack will use Hyundai Motor and Kia's component technology related to electrodes, bipolar plates and current collectors, combined with Next Hydrogen's design technology. Hyundai Motor and Kia will also oversee the test performance of the new stack. A pilot test is planned for next year, and the companies will also explore potential technological applications and commercial arrangements.
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ENVB | Hot Stocks08:09 EDT Enveric approved by Israel Ministry to Health to begin Phase 1/2 trial of EV101 - Enveric Biosciences announced that the company has received approval from the Israeli Ministry of Health to begin the Phase 1/2 portion of its study of its lead asset, EV101, designed to investigate the safety and efficacy of synthetic cannabidiol when administered alone or in combination with clomiphene, concurrently with temozolomide, to treat patients suffering from recurrent or progressive glioblastoma. The Phase 1 portion of the study is intended to first determine the CBD-temozolomide combination's maximum tolerated dose. Clomiphene will then be added to the regimen for up to 24 patients to rule out toxicity. Once all three agents' MTDs are determined, they will then be applied to the Phase 2 portion to determine initial efficacy, where an additional 40 patients are expected to be recruited and randomized into two open-label treatment arms. "We believe that the Israeli Ministry of Health's approval for this Phase 1/2 study is a major milestone not only for Enveric but also for glioblastoma patients globally who are seeking to prolong their survival and improve their quality of life," added David Johnson, Chairman and CEO of Enveric Biosciences. "Our goal is to further demonstrate CBD's efficacy when combined with current anti-cancer drugs to optimize the existing standard-of-care for cancer patients in need. We are targeting the fourth quarter of 2021 for the enrollment of our first patient, following the conclusion of the final study agreements with the site." This product is not approved for marketing anywhere in the world.
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LIFE | Hot Stocks08:09 EDT aTyr Pharma announces last patient visit in Phase 1b/2a trial of ATYR19 - aTyr Pharma announced that the last patient has completed their last visit in the company's Phase 1b/2a clinical trial of its lead therapeutic candidate, ATYR1923, in patients with pulmonary sarcoidosis, a major form of interstitial lung disease. The company expects to report results from this trial in September. The Phase 1b/2a study in 37 patients with pulmonary sarcoidosis was designed to evaluate the safety, tolerability, immunogenicity and pharmacokinetic profile of multiple doses of ATYR1923 compared to placebo, as well as to evaluate preliminary efficacy measures including steroid sparing effect, measures of lung function and potential disease biomarkers.
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ICE | Hot Stocks08:08 EDT ICE says 'record' 20,124 Murban crude oil futures contracts traded July 6 - Intercontinental Exchange announced that a record 20,124 ICE Murban Crude Oil Futures traded on ICE Futures Abu Dhabi on July 6, marking its highest volume day since the contracts launched on March 29. Alongside ICE Murban Crude Oil Futures, IFAD launched trading in 18 Murban-related cash settled derivatives and inter-commodity spreads, offering the market the broadest range of ways to trade and hedge Murban crude oil. A total of 503,567 contracts have traded on IFAD since launch, equivalent to 0.5 billion barrels of Murban Crude oil. This includes 495,782 ICE Murban Crude Oil futures contracts and 7,785 Murban-related cash settled derivatives, with 63 firms having traded on IFAD. Open interest on IFAD is 51,068 contracts. Average daily volume in ICE Murban Crude Oil futures since launch is 6,886 contracts.
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CGRN | Hot Stocks08:08 EDT Capstone Green Energy distributor signs new 10-year FPP in Jamaica - Capstone Green Energy announced that Innovative Energy, Capstone's exclusive distributor for Jamaica and distributor for the oil and gas markets in Guyana, signed a new 10-year Capstone Factory Protection Plan, or FPP, service contract for a Capstone Signature Series C200S system installed in Jamaica.
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QIPT | Hot Stocks08:07 EDT Quipt Home Medical announces proceeds from exercise of warrants - Quipt Home Medical is pleased to announce that as a result of the exercise of common share purchase warrants at CAD$6.40 per share, originally issued by the Company in June 2020 pursuant to its previously announced bought deal prospectus offering and concurrent private placement, the Company has issued an aggregate of 3,389,825 common shares in consideration for $17.5 million. All common shares, other than 969,000, have been issued since April 1, 2021. Accordingly, the Company now has 33,102,529 common shares issued and outstanding.
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VOR JNJ | Hot Stocks08:06 EDT Vor Biopharma collaborating with Janssen for AML therapy - Vor Biopharma (VOR) is forming a collaboration with Janssen Biotech, one of the Janssen Pharmaceutical Companies of Johnson & Johnson (JNJ). The agreement was facilitated by Johnson & Johnson Innovation. Vor Biopharma will investigate the combination of these two technologies into a treatment solution, pairing Vor's "invisible" eHSC transplant platform with one of Janssen's bi-specific antibodies in development for acute myeloid leukemia, or AML. The collaboration agreement provides that each company retains all rights and ownership to their respective programs and platforms.
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CERT | Hot Stocks08:05 EDT Certara announces update of BaseCase software - Certara announced the release of BaseCase software version 2021.06, which updates the value communication software platform to include new capabilities that can provide biopharmaceutical and medical device companies greater commercial success for new therapies and products. The BaseCase software provides commercial, market access, and medical affairs teams a comprehensive, end-to-end environment to build state-of-the-art, interactive, data-driven mobile applications using multiple data sources, such as real-world data and evidence. The BaseCase software enhances communications to demonstrate the value of therapies with payers, providers, and healthcare professionals. Currently, the platform is used in more than 60 countries by more than 30,000 users, including seven of the top 10 global biopharmaceutical companies and seven of the top 10 global medical device companies.New capabilities of Certara's BaseCase software include:Data Connect for connection to any data source and real-time updates; Map Control for interactive maps, such as heat maps and maps of the human body; Portal to easily develop and deploy mobile communication tools that demonstrate the value of a medical product.
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GPRK | Hot Stocks08:05 EDT O'Shaughnessy issues letter to GeoPark shareholders - Gerald O'Shaughnessy, the co-founder, former Chairman and second largest shareholder of GeoPark Limited issued the following letter, in part, to the Company's shareholders. "As the Company's second largest shareholder, my interests are wholly aligned with yours. Unlike you, I unfortunately have had to witness the dysfunction in GeoPark's boardroom and the extreme deference of most directors to Mr. Park. What has occurred at the Company is a classic failure of corporate governance - Mr. Park has been allowed to operate without real oversight from the Board. That is why I strongly urge you to vote against directors most responsible - Jim Park, Constantin Papadimitriou, Robert Bedingfield and Pedro Aylwin."
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PZZA | Hot Stocks08:05 EDT Papa John's to invest $2.5M in 2021 employee bonuses - Papa John's announced new hiring, referral and appreciation bonuses for its approximately 14,000 front-line team members in the company's corporate restaurants and supply chain. Papa John's also plans to make additional investments in its full-time staff in its higher volume company-owned stores to support continued growth. The company expects to invest approximately $2.5M in these initiatives during the remainder of 2021. Papa John's new bonus programs offer $50 referral bonuses for corporate team members for every new hire they bring in, with an additional $50 bonus paid to the new team member. Existing corporate team members are also eligible for up $400 in appreciation bonuses to be paid in increments throughout the remainder of the year.
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CRNC VC | Hot Stocks08:04 EDT Cerence, Visteon to integrate conversational AI in SmartCore product - Cerence Inc. (CRNC) and Visteon Corporation (VC) announced Cerence's conversational AI will be integrated in Visteon's recent SmartCore product award with a leading motorcycle manufacturer. The product will include core Cerence technologies, including AI-powered voice recognition, natural language understanding, and text-to-speech - all with global language support - alongside Visteon's Android-based SmartCore technology platform: the integrated domain controller powering the instrument cluster, infotainment, telematics, and display. The system will launch with a leading motorcycle manufacturer in 2024, powering a 12-inch display that offers connected apps and over-the-air software download capabilities.
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AWH | Hot Stocks08:04 EDT Aspira Women's Health's ovarian cancer test included in AIM Clinical Guidelines - Aspira Women's Health's OVA1 risk assessment test for ovarian cancer in women with pelvic masses is considered medically necessary according to AIM Specialty Health's Clinical Appropriateness Guidelines. AIM Specialty Health is a member of the Anthem Blue Cross Blue Shield family of companies and serves as a specialty benefits management company with many health care organizations. AIM's mission is to promote appropriate, safe, and affordable health care. The OVA1 test is now included in AIM's guidelines for the preoperative evaluation of an adnexal mass when it is indeterminate based on clinical and complete pelvic ultrasound evaluation.
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TLSA | Hot Stocks08:03 EDT Tiziana Life Sciences announces ADS ex-dividend date - Tiziana Life Sciences announces that its American Depository Shares, trading under the ticker TLSA, will begin trading ex-dividend on July 09, 2021. The non-cash dividend, in the form of an in-specie dividend of one Accustem Sciences Limited ADS per TLSA ADS, is scheduled to be paid on July 14, 2021.
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CSCO | Hot Stocks08:03 EDT Cisco completes acquisition of Socio Labs - Cisco announced the completion of the acquisition of Socio Labs. By adding Socio Labs to its Webex portfolio, Cisco will provide event organizers a single platform with what they need to host nearly any type of event. "Being able to offer novel, refreshing and inclusive experiences for all attendees - whether in person or virtual - is paramount in today's new era of hybrid events," said Jeetu Patel, executive vice president and general manager, Cisco Security and Collaboration. "The acquisition of Socio Labs is another example of how Cisco is rapidly addressing the evolving needs of our Webex customers and continuing to execute on our vision of providing the most seamless, inclusive, engaging and intelligent platform for meetings and events."
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D | Hot Stocks07:57 EDT Westinghouse signs instrumentation, control contract with Dominion Energy - Westinghouse Electric Company has signed an instrumentation and control contract with Dominion Energy for the implementation of a Digital Modernization Program at the Surry Power Station. Combined, Dominion's Surry and North Anna plants produce almost one third of the electricity for the company's approximately 2.7M customers in Virginia and North Carolina. The new contract will support Dominion's Subsequent License Renewal program for Surry Units 1 and 2, ensuring the continued delivery of carbon-free energy for 419,000 homes. Each unit will be outfitted with Westinghouse's Common-Q safety-grade platform, as well as the Ovation I&C platform. These technologies reduce or eliminate the need for surveillances, allowing Dominion high availability and significant operations and maintenance savings.
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J | Hot Stocks07:55 EDT Jacobs to design plant upgrade for TasWater's WTP project in Australia - Jacobs will deliver design services for TasWater's Bryn Estyn Water Treatment Plant, WTP, Upgrade project in Hobart, Australia, which is the primary supplier of drinking water for the city and surrounding areas. The upgrade will establish a new and multi-barrier approach to ensure safe drinking water supply, increase capacity to 160 mega liters per day to meet anticipated future demand, and improve resilience in supply for the people of Hobart. TasWater is the water and sewage utility provider for the state of Tasmania and estimates the upgrade cost at more than $155M. Jacobs will deliver concept/functional design for estimating purposes, detailed design and construction and commissioning support services for the project. Jacobs' local Hobart presence, along with its global team of water specialists with experience delivering similar projects across Australia and around the world, was key to securing the appointment.
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MINM | Hot Stocks07:48 EDT Minim awarded patent for software-driven approach to mesh network setup - Minim announced the award of its patent for a software-driven approach to mesh network setup that's easy, reliable, and standard across several hardware brands and models. A second pending patent defines a way to identify and secure connected devices without compromising privacy via Deep Packet Inspectio. Both are cloud-native approaches to WiFi management and security and come as the average U.S. household now has 25 connected devices, according to a new Deloitte connectivity survey. US2020/0403875A1: System and Method for Onboarding in a Wi-Fi Mesh Network; US2019/0306182A1: System and Method for Device Context and Device Security. Minim's patented approach completes device onboarding using solely the device's WiFi network. Each Minim-powered device carries its own QR code and is known to Minim's cloud servers. Once a QR code is scanned via the Minim mobile app, the device's unique signature is recognized, and Minim's device middleware automatically configures the unit. The approach negates the cost of a one-time-use Bluetooth radio, improves the user experience, offers a standard approach for all Minim-integrated hardware, and prevents unexpected devices from being configured to the network. The second patent, which is pending, provides a system and method for fingerprinting devices to analyze their behavior and ultimately block threats.
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MUDS TOPP | Hot Stocks07:37 EDT Topps appoints Meltem Demirors to board of directors - The Topps Company (TOPP) announced that Meltem Demirors will join the Company's Board of Directors, following the completion of its business combination with Mudrick Capital Acquisition Corporation II (MUDS). This appointment was included in the updated Preliminary Proxy Statement filed by Mudrick Capital Acquisition Corp II with the SEC on July 6, 2021. Demirors is Chief Strategy Officer of CoinShares, a multi-billion-dollar global digital asset investment firm that provides access and guidance to clients navigating the digital asset ecosystem, where she oversees the firm's corporate strategy, investments, and growth efforts.
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HSDT HLUYY | Hot Stocks07:36 EDT Helius Medical appoints Antonella Favit-Van Pelt as CMO - Helius Medical Technologies (HSDT) announced the appointment of Antonella Favit-Van Pelt, M.D., Ph.D. to the position of Chief Medical Officer. Prior to joining Helius, Dr. Favit-Van Pelt led U.S. Medical Strategy for the Neurology program of H. Lundbeck A/S (HLUYY), a global pharmaceutical company that specializes in the treatment of brain diseases, from 2018 to 2021. In this position, she oversaw the U.S. medical and life-cycle program activities related to therapies for movement disorders and epilepsy. As a material inducement to entering into employment with Helius, Dr. Favit-Van Pelt, who was not previously an employee or director of Helius, received options to purchase 18,000 shares of the Company's Class A common stock under Helius' Inducement Plan. The equity award under Helius' Inducement Plan was approved by the Company's independent directors 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. The options awards have an exercise price of $16.45 per share, the closing price of Helius' Class A common stock on July 7, 2021, the date of the grant. The options have a ten-year term and vest over a period of four years, with 25% vesting per year on the anniversary date of grant, provided Dr. Favit-Van Pelt's employment is continuing on each such date, and subject to acceleration or forfeiture upon the occurrence of certain events as set forth in Dr. Favit-Van Pelt's option agreement.
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HCCC | Hot Stocks07:35 EDT Healthcare Capital, Alpha Tau to combine, create publicly traded company - Alpha Tau Medical and Healthcare Capital, a special purpose acquisition company, announced they have entered into a definitive business combination agreement. Upon closing of the Business Combination, Alpha Tau is expected to be listed on the Nasdaq. A group of Healthcare-focused financial and strategic investors have committed to participate in the transaction through a fully committed ordinary share PIPE of approximately $92M at $10.00 per share. Investors in the PIPE include Yozma Investment Co. and Grand Decade Developments as well as other leading technology investors. Medison Group is also an investor in the PIPE. "Following the recent enrollment of the first patient in our flagship US feasibility study and receipt of FDA Breakthrough Device Designation, this transaction represents another significant milestone on Alpha Tau's journey to transform the treatment of solid tumors through the precision delivery of alpha radiation," said Uzi Sofer, CEO and Chairman of Alpha Tau. "The completion of this transaction will allow the company to realize its vision and implement the clinical development plans and construction of our manufacturing plants around the world, in order to bring hope to millions of patients around the world." Proceeds of the business combination and the PIPE will be primarily used to: advance ongoing, and launch, new clinical trials; continue existing, and initiate additional, clinical and research collaborations; develop and expand global manufacturing capacity; develop KOL centers of excellence; and prepare for commercialization efforts. The Business Combination values Alpha Tau at an implied pre-money equity value of $600M, and is expected to add approximately $337M of cash to its balance sheet upon closing, inclusive of $275M in HCC's trust and $92M in PIPE proceeds, net of transaction expenses. All existing Alpha Tau shareholders will retain 100% of their current equity holdings and are expected to hold approximately 59% of the pro forma company immediately following the closing. Following the closing of the business combination, Alpha Tau is expected to be listed on the Nasdaq. The Business Combination was unanimously approved by each of Alpha Tau's and HCC's Boards of Directors, and HCC Chairman Dr. David M. Milch is expected to join the Board of Directors after closing. The transaction is expected to be completed by the end of 2021, and is subject to obtaining necessary regulatory approvals, the fulfillment of customary closing conditions, as well as the approval of both Alpha Tau's and HCC's shareholders.
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GCO | Hot Stocks07:33 EDT Legion Partners comments on Glass Lewis recommendation for Genesco - Legion Partners, which collectively with the other participants in its solicitation beneficially owns approximately 5.9% of the outstanding common shares of Genesco, announced that independent proxy advisory firm, Glass, Lewis has recommended the company's shareholders vote for boardroom change on the white proxy card. In particular, Glass Lewis has endorsed nominees Dawn Robertson and Hobart Sichel for election to Genesco's board of directors at the upcoming annual meeting of shareholders on July 20. "Legion Partners is pleased that Glass Lewis is acknowledging Genesco's many years of underperformance and recommending the Company's shareholders vote for sorely-needed boardroom change on the WHITE proxy card. We agree with Glass Lewis' critique of Genesco's long-tenured directors, including 20-year director Matthew C. Diamond. We also agree with the manner in which Glass Lewis has critiqued Genesco's poor corporate governance, underwhelming financial results and weak valuation. By recommending that shareholders vote to elect Ms. Robertson and Mr. Sichel, Glass Lewis is endorsing two proven retail experts with significant experience turning around struggling retailers. We believe shareholders should go a step further to protect their investment by electing all four members of the Legion Partners' slate."
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AYRWF | Hot Stocks07:33 EDT Ayr Wellness opens Liberty Health Sciences Key West - Ayr Wellness announced the opening of Liberty Health Sciences Key West, the Company's 37th open dispensary in Florida. The dispensary is located at 826 Duval Street, Key West, Florida, 33040. The 1,500 sq. ft. location sits on the main strip of Downtown Key West, with a diverse selection of restaurants, shops and attractions nearby. The dispensary features a selection of flower products, in addition to the company's newly launched Origyn concentrates and Big Pete's Cookies.
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BIIB ESALY | Hot Stocks07:32 EDT FDA approves updated ADUHELM prescribing information - Biogen (BIIB) and Eisai (ESALY) announced the U.S. Food and Drug Administration (FDA) has approved an updated label for ADUHELM injection 100 mg/mL solution. The update includes an addition to the Indications and Usage section of the label to emphasize the disease stages studied in the clinical trials: ADUHELM is indicated for the treatment of Alzheimer's disease. Treatment with ADUHELM should be initiated in patients with mild cognitive impairment or mild dementia stage of disease, the population in which treatment was initiated in clinical trials. There are no safety or effectiveness data on initiating treatment at earlier or later stages of the disease than were studied. This indication is approved under accelerated approval based on reduction in amyloid beta plaques observed in patients treated with ADUHELM. Continued approval for this indication may be contingent upon verification of clinical benefit in confirmatory trial. The update clarifies the indication by emphasizing information about the disease stages studied in the ADUHELM clinical trials. Information about the population studied has been previously communicated by Biogen and Eisai, including in the companies' statement of June 23, 2021.
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BBIO | Hot Stocks07:31 EDT BridgeBio announces collaborations with three academic research institutions - BridgeBio Pharma announced three new academic collaborations with MUSC Foundation for Research Development, Stanford University, and the University of Pittsburgh to translate cutting-edge discoveries into potential therapies for patients with genetic diseases and genetically driven cancers. "The chance to partner with exceptional researchers at the Medical University of South Carolina, Stanford University and University of Pittsburgh is a privilege, and we believe will help us advance our mission to discover, create, test and deliver life-changing medicines for patients in need as rapidly as possible," said BridgeBio founder and CEO Neil Kumar, Ph.D.
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MICCF ERIC | Hot Stocks07:28 EDT Millicom to invest $135M to modernize mobile networks in Ericsson partnership - Millicom (MICCF) announced it will be investing $135M over the next two to three years to upgrade its mobile network in partnership with Ericsson (ERIC) in three key Latin American markets: Honduras, Paraguay and Bolivia. COVID-19 has accelerated the digital wave and need for connectivity region-wide, and Millicom needs additional capacity to manage its increased traffic as it continues to expand its network in the region. Partnering with Ericsson will enable Millicom to achieve this by modernizing its networks with LTE, 5G-ready technology for greater speed and enhanced customer experience. The main new functionality introduced with this modernization is carrier aggregation, which allows the combination of different parts of the spectrum. Millicom will modernize its network using the latest Ericsson Radio System products and solutions, paving the way for 5G deployment across the continent. Ericsson will also replace TIGO's current 4G packet core and introduce Ericsson's dual-mode 5G Core as part of the project. This modernization is expected to have a significant impact on TIGO's network performance. Across the three countries, Millicom, through its TIGO operations, will expand its network coverage to reach an additional 712 municipalities and 2.5 million people.
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LII | Hot Stocks07:25 EDT Budderfly signs nationwide agreement with Lennox for HVAC equipment - Budderfly announced the company has partnered with Lennox International. The nationwide agreement allows Budderfly to scale its no upfront cost HVAC replacement program with the addition of Lennox Model L as well as expert service and maintenance on Lennox and other HVAC brands. "The Lennox partnership is part of Budderfly's multi-component energy optimization program created in part to service national accounts in industries such as assisted living facilities, community centers, offices, quick service restaurants, retail locations, universities, and other vertical markets with multiple locations. Under the agreement, these types of companies eligible for HVAC upgrades will receive-at no upfront cost-new HVAC units and a dedicated Lennox support team for each of their locations," the company said.
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BTTR | Hot Stocks07:24 EDT Better Choice Company reports insiders increase holdings to 7.6M shares - Better Choice Company announces that insiders have increased their common equity holdings from approximately 2.9 million common shares to approximately 7.6 million shares, representing approximately 26% of the aggregate common equity outstanding. In addition to meaningful insider participation in the recent $40 Million Underwritten Public Offering, this increase in common equity ownership reflects the automatic conversion of outstanding convertible debt and the Series F Preferred into common shares.
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ZIZTF | Hot Stocks07:23 EDT Zip Co. to take ownership of two BNPL companies in Europe, Middle East for $160M - Zip Co announced it will invest more than $160M to take full ownership of two BNPL companies which it previously owned minority stakes in. As the company expands its global presence in the BNPL sector, Zip will pay $140M for the remaining shares in European operator, Twisto Payments. In addition, Zip is paying $21M to buy out Middle Eastern operator, Spotti. Zip says the move is intended to establish a presence for the company in the large European market and emerging Middle Eastern Market. According to Zip, it is yet to be determined whether it pays for the outstanding stake in each company in the form of shares, cash or a combination. Acquisition of Twisto is expected to be completed in the fourth quarter of the year, while the takeover of Spotti will occur in the third quarter.
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MBXBF | Hot Stocks07:23 EDT Microbix Biosystems to present on COVID-19 QAPs at ECCMID 2021 - Microbix Biosystems announces that it has been invited to present about the performance of its COVID-19 test quality assessment products at "ECCMID 2021" the 31st annual congress organized by the European Society of Clinical Microbiology and Infectious Diseases, taking place in virtual format July 9-12, 2021. The first abstract poster presentation is titled "Advanced SARS-CoV-2 nucleocapsid protein swab-based formulation for use as cross-platform EQA sample and as a prospective Quality Control." It reviews the performance of Microbix's novel, innovative, and proprietary REDxFLOQ, PROCEEDxFLOQ, and white-label SARS-CoV-2 Ag Swab Positive formulations that can be used to help ensure the accuracy of rapid "antigen-based" screening tests for COVID-19 disease. The results demonstrate that these Microbix QAPs are compatible with 32 widely-used COVID-19 antigen tests, including those from the world's most prominent diagnostics companies. The second abstract poster presentation is titled "Novel neutralizing anti-S1 SARS-CoV-2 human monoclonal antibody formulation for use as a cross-platform EQA sample and prospective quality controls." It reviews the performance of Microbix's pending QAPs to support the accuracy of tests for the presence and extent to which patients have developed protective and neutralizing antibodies to the virus causing COVID-19 disease, as a result of either vaccination or prior infection. The results demonstrate that these newly-created QAPs are compatible with four leading commercially-available COVID-19 S-Protein based neutralizing antibody "serology" tests, and do not have any cross-reactivity with two commercially-available COVID-19 N-Protein general "serology" tests. Such results continue to demonstrate how Microbix is addressing the need for workflow controls to effectively support the quality objectives of all forms of testing relating to the pandemic, and with its QAPs portfolio now comprising more than 70 distinct products across multiple categories of infectious disease. The abstract presentations were co-authored by ten members of Microbix's product development, operating, and customer support teams, led by Pavel Zhelev, Director of Product Management and Dr. Amer Alagic, Director of R&D. The posters detail the performance results of the QAPs in a complete and succinct fashion. Both posters will be made available on the company website, https://microbix.com, upon their presentation at ECCMID 2021 and they include Microbix's thankful acknowledgement of seventeen collaborator organizations in Canada and around the world.
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SURF | Hot Stocks07:21 EDT Surface Oncology appoints Denice Torres to Board - Surface Oncology announced that Denice Torres will join the company's board of directors. At Johnson & Johnson, Ms. Torres held several executive leadership positions, including president of McNeil Consumer Healthcare and president of Janssen Pharmaceuticals, CNS. Before joining Johnson & Johnson, she had a 14-year career at Eli Lilly where she led a number of US and global businesses. Torres is currently a director of bluebird bio (BLUE), Karuna Therapeutics, Glaukos and Resilience.
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SVAUF | Hot Stocks07:21 EDT StorageVault to acquire 2 GTA storage locations for $11.1M - STORAGEVAULT CANADA has agreed to acquire 2 GTA stores from 2 vendor groups for an aggregate purchase price of $11,122,000, subject to customary adjustments. Both Acquisitions are arm's length. It is anticipated that the Acquisitions will close in Q3 2021. The aggregate purchase price is $11,122,000, subject to adjustments, and is payable by the issuance of an aggregate of up to approximately $4,250,000 of StorageVault common shares based on an agreed upon VWAP ending two days prior to closing, with the remainder of the aggregate purchase price being paid with funds on hand and mortgage financing.
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AOTVF | Hot Stocks07:20 EDT Ascot Resources announces high-grade mineralization at Premier Gold Project - Ascot Resources is pleased to announce the discovery of new high-grade copper, gold, and silver mineralization at the Company's Premier Gold Project. These are the first drill results from this year's 25,000m exploration program, which is aimed at testing new, high-priority targets as well as following up on last year's drilling successes. Initial drilling has intercepted a shallow zone of gold-silver mineralization and a deeper zone of high-grade copper-silver mineralization. Highlights from the drill results include: 6.57 g/t Au and 14.3 g/t Ag over 1.20m in hole P21-2304; 0.81 g/t Au and 407.0 g/t Ag over 1.25m in hole P21-2302; 0.70 g/t Au and 373.0 g/t Ag over 2.00m in hole P21-2303, including 0.90 g/t Au and 596.0 g/t Ag over 1.00m; 0.10 g/t Au and 311.0 g/t Ag over 1.00m in hole P21-2306; 0.17 g/t Au, 137.8 g/t Ag, 3.62% Cu, 0.65% Zn over 4.00m in hole P21-2305, including 0.26 g/t Au, 191.0 g/t Ag, 5.78% Cu, 1.30% Zn over 1.75m; 0.16 g/t Au, 137.0 g/t Ag, 1.98% Cu, 0.22% Zn over 1.45m in hole P21-2306. Derek White, President and CEO of Ascot commented, "We are excited about these new exploration discoveries at PGP. We are particularly encouraged that our geophysical targeting methods are proving successful in identifying new mineralized zones. While base metals including copper and zinc have not been the focus for Ascot, we are intrigued to have drilled new high-grade sulfide mineralization at depth and welcome the optionality of further similar discoveries. Production at the Premier mine dates back as far as 1918 and gold and silver were historically produced alongside copper and other base metals, so the discovery thereof is not altogether surprising. We are eager to proceed with follow-up drilling this year to test the extents and continuity of this mineralization, among other high-priority targets."
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VBLT | Hot Stocks07:20 EDT VBL Therapeutics appoints Alison Finger and Michael Rice to Board - VBL Therapeutics appointed Alison Finger and Michael Rice to its Board of Directors, effective July 7. Professor Ruth Arnon has stepped down from her role as a member of VBL's Board of Directors, effective July 6. She will continue her engagement with VBL as a scientific consultant and a member of its Scientific Advisory Board. Most recently, Finger was Chief Commercial Officer at bluebird bio - bluebird -, where she built the commercial infrastructure for Europe and the U.S. in advance of bluebird's first gene and cell therapy product launches. Prior to bluebird, Ms. Finger spent 21 years at Bristol-Myers Squibb. Rice is a Founding Partner at LifeSci Partners. Prior to founding LifeSci, he was the co-head of Health Care Investment Banking at Canaccord Adams and was also a Managing Director at Think Equity Partners, where he was responsible for managing Healthcare Capital Markets.
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BK | Hot Stocks07:19 EDT BNY Mellon to acquire Milestone, terms not disclosed - The Bank of New York Mellon announced it has entered into a definitive agreement to acquire Milestone. Terms of the acquisition were not publicly disclosed. Closing of the transaction is subject to customary conditions and approvals and is expected to occur in the second half of 2021. "This transaction with Milestone is the latest demonstration of BNY Mellon's commitment to support clients across the investment lifecycle and provide clients with open and flexible digital solutions that enable them to optimize, scale and grow their businesses," said Roman Regelman, BNY Mellon's CEO of Asset Servicing and Head of Digital. "We gain both industry-leading technology as well as the expertise that Milestone is known for globally. This is a significant step in our continuous evolution - blending leading edge technologies and services to deliver greater efficiency and value for our clients." Milestone's pControl platform is widely recognized as an industry leader in fund and investment automation. By acquiring Milestone, BNY Mellon will advance the digitization and automation of core accounting and asset services, delivering increased accuracy and timeliness. It also will expand BNY Mellon's digital offerings and core capabilities - adding OCIO services, cash allocation and fair value control solutions to the existing suite of NAV solutions.
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LPI | Hot Stocks07:17 EDT Laredo Petroleum announces preliminary 2022 operational plan - By the second quarter of 2022, Laredo expects to return to a highly-efficient operational cadence of two rigs and one completions crew. Current plans are for total capital expenditures, including infrastructure and other capitalized costs, excluding non-budgeted acquisitions, of approximately $380 million and to complete approximately 60 wells with an average lateral length of approximately 11,500 feet during full-year 2022. This activity level is expected to generate oil production of 36,000 to 38,000 BOPD for full-year 2022, holding oil production approximately flat versus the expected fourth-quarter 2021 exit rate. Total production is expected to average 75,000 to 78,000 BOE per day, a slight decline in total production versus full-year 2021. At current 2022 commodity prices, the Company expects this plan to generate $225 million to $250 million of Free Cash Flow. "During the second quarter, Laredo again executed on its Howard County development plan," stated Jason Pigott, President and CEO. "Our team quickly made up lost time from the storms in the first quarter and got ahead of schedule by the end of the second quarter. When we experienced some production issues associated with our third-party midstream and electrical providers, we took the necessary steps to curtail production and demonstrated our commitment to minimizing flaring and properly stewarding our resources. As we integrate Sabalo's operations, we have budgeted a moderate increase in activity and capital levels for the remainder of 2021, primarily driven by the drilling and completion of an eight-well package that was already in process at the closing of the transaction," continued Mr. Pigott. "We remain committed to a disciplined development pace and expect to return to operating two drilling rigs and one completions crew in early 2022. At this pace, the capital efficiency of our Howard County acreage is expected to drive significant, sustainable Free Cash Flow generation while keeping oil production relatively flat with our 2021 exit rate. We expect to utilize our Free Cash Flow1 to reduce debt and push our leverage down to 1.5 times by the end of 2022."
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YEXT | Hot Stocks07:17 EDT Yext aids Fazioli's online presence with AI-powered site - Yext and Fazoli's announced their joint work to advance Fazoli's digital transformation with AI search. "Fazoli's recently decided to launch Yext's AI-powered site search to make it easier for customers to get accurate answers to questions about its menu, locations, online ordering, and more on its website. Powered by multiple advanced natural language processing algorithms, Yext's site search can understand complex questions and return results in dynamic forms, like maps and call-to-action buttons," the company said. According to the company, since launching Yext's site search on its website in the spring of 2020, Fazoli's has seen a 21% reduction in bounce rate on the restaurant's website compared to the same period of the prior year. 88% of searches have returned direct results from Fazoli's knowledge graph, which has improved user experience and streamlined the online path to conversion. Fazoli's has seen 3.6x growth in online sales since starting work with Yext, the company added. "It's been incredible to witness the digital transformation of Fazoli's as a Yext champion over the past few years," said David Rudnitsky, President and Chief Revenue Officer at Yext. "With each solution of the Yext platform that Fazoli's has tapped into, the restaurant chain has been able to supercharge its customer search experience in new and powerful ways - from optimized listings to reviews to an on-site search experience - and see a significant lift in revenue and traffic as a result. It's a shining example to all restaurants who want to succeed in this digital-first world."
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PSTI | Hot Stocks07:17 EDT Pluristem brings ARDS with COVID-19 Phase II studies to clinical readout - Pluristem is bringing its Acute Respiratory Distress Syndrome - ARDS - associated with COVID-19 Phase II studies to clinical readout. The company's COVID-19 program included over 100 patients across two Phase II studies in the U.S., Europe and Israel, and in compassionate use and expanded access programs in the U.S. and Israel. The analysis will be based on 89 patients enrolled in the previously announced two Phase II studies, which investigated the safety and efficacy of Pluristem's PLX cells as a treatment for severe COVID-19 cases complicated by ARDS. This decision comes in response to COVID-19's evolution as a disease, as well as changes in the standard of care and a decline in the most severe cases. For the same reason, the company will not pursue plans announced in December 2020 to expand Pluristem's COVID-19 program to Mexico in collaboration with Innovare R&D. Pluristem expects to announce the topline results of the readout during Q4. As part of the clinical readout, Pluristem will examine the safety and efficacy of PLX cells for treating ARDS, a condition associated with a number of illnesses in addition to COVID-19 including sepsis, smoke and toxic chemical inhalation, head and chest injuries, and pancreatitis. Pluristem continues to advance its product candidate pipeline - PLX-PAD and PLX-R18 - on a number of fronts.
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LPI | Hot Stocks07:16 EDT Laredo Petroleum sees FY21 total production 77-80 MBOE per day - Sees oil production 30.5-31.5 MBOPD. Sees incurred capital expenditures $420M.
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CAE | Hot Stocks07:14 EDT CAE, Volocopter partner to develop, deploy pilot training program for eVTOLs - CAE and Volocopter announced the signing of a strategic partnership, subject to definitive agreement, to develop, certify, and deploy an innovative pilot training program for electric vertical takeoff and landing, or eVTOL, operations. This eVTOL pilot training program will develop the pilot workforce of the future and ensure safe introduction of eVTOL operations globally by leveraging CAE's advanced technologies such as Artificial Intelligence, Virtual Reality, Mixed Reality, as well as data analytics and Volocopter's leading understanding of requirements for integration into the UAM ecosystem. The company's first commercial eVTOL aircraft, the VoloCity, is well into its certification program with the European Union Aviation Safety Agency and is positioned to launch first services in time for the 2024 Olympics in Paris. Through existing agreements and partnerships with global leaders, Volocopter plans to launch its services in a number of cities globally within the next five years. CAE commits to expanding its worldwide training network with a forecasted investment of up to $40M to meet Volocopter's projected pilot demand in the early years of operation. CAE will be deploying training equipment and instructors in lockstep with Volocopter's growth. As part of the agreement, Volocopter will purchase a simulator from CAE to be used in its pilot training program certification. CAE will create new, student-centric courseware, specifically designed for the pilots of the future as Volocopter's courseware provider and will also offer pilot trainees customized resources that enable faster, more efficient pilot training.
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TRVN | Hot Stocks07:14 EDT Trevena enrolls first patient in Olinvyk Phase 3 trial in China - Trevena's partner in China has enrolled the first patient in a Phase 3 trial for Olinvyk injection, a novel IV analgesic approved in the U.S. by the FDA for acute pain severe enough to require an intravenous opioid analgesic and for whom alternative treatments are inadequate. This study will enroll approximately 160 patients following abdominal surgery. The study includes an Olinvyk arm and an IV morphine positive control arm. The primary efficacy endpoint is the proportion of responders to study medication based on their pain numeric rating scale at the end of the randomized 24-hour treatment period. Safety and tolerability will be assessed by respiratory depression adverse events, sedation AEs, the use of rescue antiemetics, clinician- and patient-reported satisfaction, and other measures. The study was developed based on feedback from the Chinese National Medical Products Administration. Following study completion, Nhwa expects to have sufficient clinical data, accompanied by Trevena's existing clinical data, to submit Olinvyk for regulatory approval in China.
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FFWM | Hot Stocks07:13 EDT First Foundation appoints Kelly Rentzel as General Counsel - First Foundation announces the appointment of Kelly Rentzel as Executive Vice President, General Counsel. "As we continue to expand into new regions and grow our existing business, it is great to have someone with Kelly's background on our team," said Scott F. Kavanaugh, Chief Executive Officer, First Foundation Inc. "Kelly is a seasoned lawyer with strong experience in the banking industry and we look forward to having her expertise as we execute on our growth plan." Rentzel will be working out of the newly relocated principal office in Dallas, Texas, and will support both First Foundation Bank and First Foundation Advisors. She will report directly to Kavanaugh.
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TRN | Hot Stocks07:13 EDT Trinity Industries enrolls first patient in Olinvyk Phase 3 trial in China - Trevena's partner in China has enrolled the first patient in a Phase 3 trial for Olinvyk injection, a novel IV analgesic approved in the U.S. by the FDA for acute pain severe enough to require an intravenous opioid analgesic and for whom alternative treatments are inadequate. This study will enroll approximately 160 patients following abdominal surgery. The study includes an Olinvyk arm and an IV morphine positive control arm. The primary efficacy endpoint is the proportion of responders to study medication based on their pain numeric rating scale at the end of the randomized 24-hour treatment period. Safety and tolerability will be assessed by respiratory depression adverse events, sedation AEs, the use of rescue antiemetics, clinician- and patient-reported satisfaction, and other measures. The study was developed based on feedback from the Chinese National Medical Products Administration. Following study completion, Nhwa expects to have sufficient clinical data, accompanied by Trevena's existing clinical data, to submit Olinvyk for regulatory approval in China.
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LPI | Hot Stocks07:12 EDT Laredo Petroleum reports Q2 production of 85.9 thousand BOE per day - In the second quarter of 2021, Laredo produced approximately 85.9 thousand barrels of oil equivalent per day, including oil production of approximately 26.4 thousand barrels of oil per day, growing both total and oil production by 9% versus first-quarter 2021. In mid-to-late June, the Company's production operations in Howard County were impacted by a combination of delayed third-party connections to tank batteries, downtime at third-party facilities due to weather-related events and lost power in the field. For approximately 10 days, Laredo chose to curtail production to minimize flaring rather than continue producing crude oil at maximum rates and flaring excessive amounts of wet gas. Laredo estimates that the curtailments and shut-ins reduced second-quarter 2021 total production by approximately 900 BOE per day, including approximately 700 BOPD of oil production. The midstream infrastructure and field electrical issues have been addressed and production operations in Howard County have returned to normal. Incurred capital expenditures in the second quarter of 2021 were approximately $100 million, excluding non-budgeted acquisitions and a $10 million leasehold expenditure. Laredo completed 16 wells during second-quarter 2021, three more than anticipated, as reductions in the time to drill and complete wells pulled activity from the third quarter of 2021 into the second quarter. The 13-well Davis package was put on production during the second half of the quarter and the three additional completions are part of the 12-well West package, with the remaining nine wells in the West package expected to begin flowing back during the third quarter of 2021.
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DSGX | Hot Stocks07:10 EDT Descartes Systems acquires mobile route solution provider GreenMile - Descartes Systems has acquired GreenMile, a provider of cloud-based mobile route execution solutions for food, beverage, and broader distribution verticals. GreenMile is headquartered in Orlando, Florida. Descartes acquired GreenMile for up-front cash consideration of $30M, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $10.0M, based on GreenMile achieving revenue-based targets over the first two years post-acquisition.
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CANF | Hot Stocks07:10 EDT Can-Fite done preparing for start of patient enrollment in Namodenoson study - Can-Fite BioPharma announced it has completed preparatory work ahead of the anticipated initiation of patient enrollment for its pivotal Phase III registration trial of Namodenoson in the treatment of hepatocellular carcinoma HCC, the most common form of liver cancer. Can-Fite has received agreement from both the U.S. Food and Drug Administration FDA and European Medicines Agency EMA on the protocol and plans to submit it for Institutional Review Board IRB approvals in the coming weeks. Namodenoson has Orphan Drug status with both the FDA and EMA, as well as Fast Track Status with the FDA for the treatment of HCC. A compassionate use program has been ongoing in Israel. The Company plans to conduct an interim analysis by an Independent Data Monitoring Committee, IDMC after 50% of enrolled patients are treated. Namodenoson will be evaluated as a 2nd or 3rd line treatment for CPB7 patients in whom other approved therapies have not been or are no longer effective. "We are eager to commence this study, as there is a dire need for a safe and effective treatment for patients with advanced liver disease, defined as CPB7, where Namodenoson has an advantage with its liver protective effect," stated Can-Fite CEO Dr. Pnina Fishman.
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ANY | Hot Stocks07:10 EDT Gryphon Digital mining announces purchase of 7,200 S19J Antminers - Gryphon Digital Mining, which recently entered into a merger agreement with Sphere 3D, announced it has entered into an agreement to purchase 7,200 Antminer S19J Pro mining machines from Bitmain Technologies Limited for an aggregate purchase price of $48M. The agreement relating to the purchase of the S19J Pro miners represents a step forward in Gryphon Digital Mining's strategic initiative to increase its Bitcoin hash rate, while simultaneously maintaining a zero carbon footprint. The S19J Pro is the latest model from Bitmain that is scheduled for release this summer. Bitmain is scheduled to deliver 600 miners on a monthly basis to Gryphon, with the first delivery starting next month in August 2021. The entry into this purchase agreement will provide Gryphon with a significant total hash rate, and the company's fleet of high-efficiency miners will be a part of the only cryptocurrency mining operating with a 100% renewable energy supply. Gryphon has partnered with a digital currency data center to access electricity costs as low as $0.013/kWh, with access to liquid immersion technology shown to extend the life of mining machines by at least 20 percent.
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BIP BIPC | Hot Stocks07:10 EDT Brookfield Infrastructure Partners announces voluntary sale program - Brookfield Infrastructure Partners and Brookfield Infrastructure Corporation announced they are initiating a voluntary sale program through which eligible holders of BIP limited partnership units and/or BIPC class A exchangeable subordinate voting shares may conveniently sell their Odd Lot Securities. The program benefits securityholders who held fewer than 100 Odd Lot Securities, as of July 7, 2021, being the record date in respect of the Program, and want to sell their Odd Lot Securities without paying brokerage commissions, thereby avoiding having to incur fees that could represent a material percentage of their proceeds. Additionally, the Program should permit any interested holder of Odd Lot Securities on the record date and who does not have a brokerage account the ability to sell their Odd Lot Securities without the cost and inconvenience of opening such an account.
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VIEW | Hot Stocks07:08 EDT View Inc. acquires IoT network provider IoTium - View, Inc. has acquired IoTium, a provider of cloud-managed, software-defined IoT networks. IoTium's solutions aim to help building owners to achieve enterprise-grade security, reduce operating costs, and gain real-time visibility into their entire real estate portfolios. IoTium's edge-cloud solution works with both new and existing operations technology networks.
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CRCL CND | Hot Stocks07:07 EDT Circle to go public through combination with Concord - Circle (CRCL) announced that it has entered into a definitive business combination agreement with Concord Acquisition (CND), a publicly traded special purpose acquisition company. Under the terms of the agreement, a new Irish holding company will acquire both Concord and Circle and become a publicly-traded company, expected to trade on the NYSE under the symbol "CRCL". The transaction values Circle at an enterprise value of $4.5B. Jeremy Allaire, Circle's co-founder and CEO commented "Circle was founded with a mission to transform the global economic system through the power of digital currencies and the open internet. We've made huge strides towards realizing this vision, and through this strategic transaction and ultimate public debut, we are taking an even bigger step forward, with the capital and relationships needed to build a global-scale internet financial services company that can help businesses everywhere to connect into a more open, inclusive and effective global economic system. We are thrilled to partner with Concord's executive and investment team, drawing on their decades of operating experience growing financial services businesses around the world." The business combination is supported by $415M of capital commitments at $10.00 per share. Including the contribution of up to $276M of cash held in Concord Acquisition Corp's trust account, the transaction is expected to deliver up to $691M of gross proceeds to the combined company. Upon consummation of the transaction, existing Circle shareholders will maintain approximately 86% ownership interest in the combined company. The transaction, which has been unanimously approved by the board of directors of both Concord Acquisition Corp and Circle, and is expected to close in the fourth quarter of 2021, is subject to approval by shareholders of Concord and Circle and other customary closing conditions, including any applicable regulatory approvals.
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AGTC | Hot Stocks07:07 EDT Applied Genetic to host R&D Day on July 22 - Applied Genetic Technologies Corporation announced that it will host a virtual R&D Day from 10:00 am to 1:00 pm ET on Thursday, July 22, 2021. AGTC's R&D Day will include a review of 12-month data from the highest dose groups in the ongoing Phase 1/2 clinical trials in X-linked retinitis pigmentosa, which the Company announced in May, and expanded analysis of the recently reported data from the Company's ongoing Phase 1/2 clinical trial in achromatopsia. The event also will include a discussion on light sensitivity and achromatopsia genetics, and an overview of the Company's manufacturing capabilities, including the 21,000 square foot current Good Manufacturing Practices manufacturing and quality control facility being built in Florida.
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HCAQ HYPR | Hot Stocks07:07 EDT Hyperfine to become publicly traded through HealthCor Catalio Acquisition deal - Hyperfine and Liminal Sciences announced their entry into a definitive business combination agreement with HealthCor Catalio Acquisition (HCAQ). Upon the closing of the business combination, HealthCor Catalio Acquisition Corp. will be renamed as Hyperfine and the combined company's Class A common stock is expected to be listed on Nasdaq under ticker symbol (HYPR). This transaction is designed to create a combined company with synergistic advantages across imaging and monitoring, and the potential to expand the existing $23B global imaging market by developing solutions across the care continuum. The business combination values the combined entity at a total enterprise value of approximately $580M upon closing and is expected to position the combined entity with approximately $375M of cash to drive the business through its investment phase and to positive cash flow, assuming no redemptions. The combined company's estimated cash balance will consist of $207M from the SPAC trust fund, $126M from PIPE investors, and $66M from the balance sheets of Hyperfine and Liminal, less $24M transaction expenses. Pro forma following the business combination and the PIPE, the securityholders of Hyperfine and Liminal are expected to own approximately 59% of the combined company, assuming no redemptions. There will be no selling stockholders in the transaction. The proposed transaction has been unanimously approved by the boards of directors of each of HealthCor Catalio, Hyperfine and Liminal, and is subject to the approval of the stockholders of HealthCor Catalio, Hyperfine and Liminal, and the satisfaction or waiver of other customary conditions, including a registration statement on Form S-4 being declared effective by the U.S. Securities and Exchange Commission. The proposed transaction is expected to close in Q4.
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KKR | Hot Stocks07:06 EDT KKR to acquire home service firm Neighborly from Harvest Partners, no terms - KKR announced that it has agreed to acquire Neighborly, from Harvest Partners. Financial details of the transaction were not disclosed. Founded in 1981, Neighborly is a leading home services platform that connects more than 10M residential and commercial customers with a community of professional services focused on repairing, maintaining and enhancing consumers' homes and properties. Through a portfolio of 28 brands, the Company offers a wide array of services including plumbing, pest control, restoration, electrical, cleaning, HVAC, home inspection and many more. The transaction is expected to close in Q3, subject to regulatory approvals and other customary closing conditions.
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PZG | Hot Stocks07:06 EDT Paramount Gold Nevada announces assay results from geotechnical drill holes - Paramount Gold Nevada announced that assay results from two new core holes at the Company's proposed high grade underground Grassy Mountain gold mine in eastern Oregon drilled outside the mineral reserve area indicate the potential for additional economic material. The two holes were initially drilled as part of the geotechnical program for alignment and to support the design of the portal and decline access to the mine. Both holes were drilled outside the boundaries of the current underground reserve, in areas considered as waste rock. Drill hole GM19-37 was designed to acquire data related to ground conditions in proximity to the underground decline spiral as well as to provide ground water and permeability data. The hole was drilled to a depth of 831 ft. returning gold grades up to 2.56 g/T. Overall, this hole intersected a true width of 675 ft. grading an average of 0.4 g/T gold and 1.8 g/T Ag. Drill hole GM19-38 was drilled at the proposed portal location and intercepted gold mineralization of up to 0.98 g/T of gold. The hole was drilled to 100 ft. and intersected a zone of 29 ft. grading 0.6 g/T gold beginning at a depth of 71 ft. Based on the September 2020 Feasibility Study, projected processing costs are $28 per ton, suggesting that at current gold prices, any material with grades over 0.55 g/T previously classified as waste, but that needs to be extracted as part of the current mine plan, will be sent to the mill for processing.
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XPO | Hot Stocks07:05 EDT XPO Logistics introduces roster of new benefits for driver trainees - XPO Logistics has unveiled a roster of new benefits for participants in its driver training programs, effective immediately. XPO has been providing professional driver training nationally for more than 35 years. The company's recent enhancements to student compensation and training options are designed to provide industry-best career paths, with access to schools in approximately 30 states and the flexibility to arrange local attendance. XPO driver trainees realize substantial value, including: Comprehensive training in just seven weeks: five weeks of professional classroom instruction and two weeks of on-the-job experience with a mentor in the cab; Free tuition and a guaranteed wage paid for all 180 hours of classroom instruction and on-the-job training - a $10,000 value - plus the opportunity for paid dock work during the course of the program; A generous benefits package from day one of training, including full health insurance, 401(k), life insurance, disability and more; An XPO job offer for students who successfully complete the program requirements; An accelerated compensation path for driver graduates in 85 US markets, ensuring a top pay rate after just one year of CDL-A experience. XPO trains over 700 student drivers on average each year, and expects to grow the number of graduates in 2021. The company is currently hiring to fill open positions for over 2,000 LTL drivers and dockworkers for its national service center network. Job opportunities and driver school openings can be found online at the XPO's Careers Site.
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GLOP GLOG | Hot Stocks07:03 EDT GasLog Partners appoints Paolo Enoizi as CEO - GasLog Partners announced senior management and board of director changes. The board of directors of GasLog Partners is pleased to appoint Paolo Enoizi, currently COO of the Partnership General Partner, GasLog, and GasLog Partners, as CEO of the Partnership, effective August 1, 2021. Mr. Enoizi will continue to serve as COO of GasLog and GasLog Partners following his appointment as CEO of GasLog Partners. Paul Wogan will step down from his position as the Partnership's CEO on July 31, 2021; however, he will remain CEO of GasLog. In addition, GasLog Partners announced changes to the Board. Paul Wogan will step down as Director of the Partnership, effective July 31, 2021. GasLog, the Partnership's General Partner, has appointed Paolo Enoizi as Director of the Partnership, effective August 1, 2021.
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MESA | Hot Stocks07:02 EDT Mesa Air reports 30,015 block hours in June - Mesa Air Group reported Mesa Airlines' operating performance for June 2021. Mesa Airlines reported 30,015 block hours in June 2021, a 224.6 percent increase from June 2020 as a result of increased flying due to industry recovery from the COVID-19 pandemic. The Company also reported a controllable completion factor of 98.58 percent and 99.97 percent for its American and United operations, respectively.
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EXK | Hot Stocks06:57 EDT Endeavour Silver reports Q2 production 2.0M silver equivalent oz. - Endeavour Silver reports production of 1,073,724 silver oz and 11,166 gold oz in Q2 for silver equivalent production of 2.0 million oz at an 80:1 silver:gold ratio. Production continues to outpace the 2021 production guidance of 6.1M-7.1M silver equivalent ounces. Silver equivalent production at each mine is on track to meet or exceed 2021 production plans. At Guanacevi, higher throughput and higher grades resulted in production exceeding plan during the quarter and ahead of the annual plan. At Bolanitos, processed tons were ahead of plan, offset by slightly lower ore grades than planned during the quarter. At El Compas, processed tonnes were ahead of plan, offset by slightly lower ore grades than planned during the quarter. The company sold 1,120,266 oz silver and 9,810 oz gold, held 459,659 oz silver and 1,891 oz gold of bullion inventory and 12,159 oz silver and 944 oz gold in concentrate inventory. Management withheld metal from sale during the price correction over last two weeks of June and plans to sell the withheld metal inventory in anticipation of a precious metal prices rebound in 2021. The company completed the sale of the El Cubo mine in Guanajuato, Mexico to Guanajuato Silver for $15M in cash and share payments, with up to $3M in contingent payments. Dan Dickson assumed the role of CEO and Christine West was promoted to CFO. Drilling continued to intersect high-grade silver-gold mineralization in the Santa Cruz vein at Guanacevi, and in the Medallito and Belen veins at Bolanitos. Intercepted high-grade silver-gold mineralization in a number of structures near the Terronera vein. The Project Management Team continues to advance the feasibility study, which is expected to be completed during Q3.
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R | Hot Stocks06:56 EDT Ryder appoints Rob Pluta as CPTO for Fleet Management Solutions - Ryder System announces the appointment of Rob Pluta to vice president and chief technology product officer for Ryder's Fleet Management Solutions business unit. Mr. Pluta is responsible for leading the development and execution of Ryder customer-facing, new technology and innovation products for Ryder Fleet Management Solutions, the company's largest business segment, which provides full-service leasing, used commercial vehicle sales, commercial rental of trucks, tractors, and trailers, as well as contract maintenance to customers of all sizes through Ryder's nearly 800 service locations. Pluta succeeds Rich Mohr, who left the company to pursue other opportunities earlier in 2021.
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FAF | Hot Stocks06:55 EDT First American introduces FirstAm IgniteRE in select markets - First American Title Insurance Company announced that it has introduced in select markets FirstAm IgniteRE, an innovative, mobile-friendly technology platform designed to enhance the residential real estate transaction experience for real estate professionals and home buyers and sellers. Designed to provide single sign-on access to the tools, technology and expertise First American Title offers, FirstAm IgniteRE's functionality is unmatched in the industry.
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BKE | Hot Stocks06:54 EDT The Buckle reports June net sales up 17.8% to $111.7M - The Buckle announced that total net sales for the 5-week fiscal month ended July 3, 2021 increased 17.8 percent to $111.7 million from net sales of $94.8 million for the prior year 5-week fiscal month ended July 4, 2020. Compared to the same 5-week period in fiscal 2019, net sales increased 49.3 percent from net sales of $74.8 million for the 5-week fiscal month ended July 6, 2019. Net sales for the 22-week fiscal period ended July 3, 2021 increased 91.5 percent to $500.6 million from net sales of $261.4 million for the prior year 22-week fiscal period ended July 4, 2020. Compared to the same 22-week period in fiscal 2019, net sales increased 48.3 percent from net sales of $337.6 million for the 22-week fiscal period ended July 6, 2019. Net sales for fiscal 2020 were significantly impacted by the Company's closure of all brick and mortar stores due to the COVID-19 pandemic beginning March 18, 2020. As a result of the impact of the store closures on prior year reported net sales, the Company will report total net sales each month compared to the past two years and does not plan to separately report comparable store sales for the months most affected by the store closures. The Company plans to resume its regular monthly reporting with its August results.
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BEP TT | Hot Stocks06:53 EDT Brookfield Renewable Partners and Trane partner for decarbonization-as-a-service - Brookfield Renewable (BEP) and Trane Technologies (TT) announced an agreement to offer decarbonization-as-a-service for commercial, industrial, and public sector customers, comprising energy efficient retrofits and upgrades of building energy infrastructure along with captive distributed solar, energy storage and other power generation across North America. The agreement leverages Brookfield Renewable's U.S. distributed generation business and Trane's energy efficiency and technical, engineering, construction and project development experience to jointly develop and implement new customer opportunities. The decarbonization solutions provided will aim to help customers meet sustainability targets and reduce operating costs through upgrading critical energy infrastructure and installing onsite renewable energy.
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GCO | Hot Stocks06:52 EDT Genesco comments on Glass Lewis recommendation - Genesco issued the following statement in response to the Glass Lewis report regarding the election of directors to Genesco's board of directors at the company's 2021 annual meeting: "The Glass Lewis recommendation unfortunately ignores the series of decisive changes Genesco's Board has initiated and implemented across the Company to sharpen our focus on our industry-leading footwear platform and the positive results these changes are producing for shareholders," said Mimi Vaughn, Board Chair, President and CEO of Genesco. "Genesco's nine director nominees collectively bring a wealth of leadership experience, financial, strategic and retail expertise, and strong track records of building enduring brands and creating sustainable value for shareholders."
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BR | Hot Stocks06:50 EDT Broadridge chief legal officer Adam Amsterdam to retire, Keir Gumbs to succeed - Broadridge announced that Keir Gumbs has been appointed chief legal officer, effective July 27. Gumbs will succeed Adam Amsterdam, who will be retiring after nearly 30 years of leading Broadridge's Legal function. As part of a long-planned transition, Amsterdam will step into a senior advisor role. Gumbs will oversee the legal, compliance and physical security teams for Broadridge, will help lead Broadridge's policy efforts and will serve as the primary legal advisor for senior management and the board. Gumbs joins Broadridge from Uber Technologies UBER), where he served as deputy corporate secretary and deputy general counsel, overseeing Uber's corporate governance, securities, ESG, marketing, payments, M&A and real estate teams.
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SON | Hot Stocks06:47 EDT Sonoco Products commits to reduce greenhouse gas emissions by 25% by 2030 - Sonoco announced new commitments to advance its environmental progress by setting ambitious goals to reduce its global greenhouse gas emissions in line with the Paris Climate Agreement - to limit global temperatures to warming to well-below 2 degrees C above pre-industrial levels. These emission reduction targets have recently been approved by the Science Based Targets initiative. Sonoco has committed to reduce absolute scope 1 and 2 greenhouse gas emissions by 25 percent by 2030 from a 2020 base year. The Company has also committed to reduce absolute scope 3 greenhouse gas emissions by 13.5 percent from a 2019 base year by working with its customer and suppliers to develop innovative packaging solutions that reduce packaging waste and improve recyclability. In addition, the Company is actively studying necessary operational changes, technology developments and market changes that would be required to achieve net-zero greenhouse gas emission by 2050.
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TSLA | Hot Stocks06:44 EDT Cathie Wood's ARK Investment bought 111K shares of Tesla yesterday
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FATE | Hot Stocks06:43 EDT Cathie Wood's ARK Investment bought 535K shares of Fate Therapeutics yesterday
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VUZI | Hot Stocks06:42 EDT Cathie Wood's ARK Investment bought 521K shares of Vuzix yesterday
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LLY | Hot Stocks06:39 EDT Verge Genomics, Eli Lilly enter three-year collaboration for ALS treatments - Verge Genomics announced a three-year collaboration with Eli Lilly and Company to research and develop novel therapies for the treatment of amyotrophic lateral sclerosis, a devastating motor neuron disease. Under the terms of the three-year agreement, Verge will receive up to $25 million in upfront, equity investment and potential near-term payments, with additional milestone value of $694 million and potential downstream royalties. In this collaboration, Verge will apply its all-in-human platform to discover and validate new targets for ALS. The all-in-human platform is based on a proprietary collection of patient brain transcriptomes across a variety of neurodegenerative diseases. Through its application, the all-in-human platform provides insights into novel causal disease mechanisms in genetically segmented patient populations, and enables the discovery of therapeutic targets. Based on these insights, Verge will apply its human-based discovery capabilities to validate targets. Lilly will select up to four targets identified by Verge with plans to advance through clinical development and commercialization.
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SBG | Hot Stocks06:38 EDT Sandbridge Acquisition urges shareholders to vote in favor of Owlet combination - Sandbridge Acquisition reminds its shareholders to vote in favor of the proposed business combination with Owlet Baby Care and the related proposals at Sandbridge's special meeting. The special meeting will be held at 10:00 a.m., New York City time, on July 14, 2021, via live webcast at the following address: www.virtualshareholdermeeting.com/SBG2021SM, as further described in Sandbridge's definitive proxy statement/prospectus, dated June 21, 2021. Sandbridge's shareholders of record as of the close of business on June 1, 2021, the record date for the special meeting, are entitled to vote their shares of common stock at the special meeting Sandbridge's board of directors recommends you vote "FOR" the business combination with Owlet and "FOR" all of the related proposals described in the proxy statement/prospectus.
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XFLS | Hot Stocks06:37 EDT XFuels says Phase 1 of corporate plan completed - Xfuels is pleased to report the following Shareholder update. "On June 25th, 2021, the company upgraded its status to Pink Current on OTC Markets by filing its outstanding disclosures, Phase 1 of our corporate plan is now completed. The company has started Phase 2 of our corporate plan which will include audited financials and applying for OTCQB status under OTC Markets Alternative Reporting Standard. Xfuels is targeting mid to end of August 2021 to complete Phase 2 of our corporate plan. Phase 3 of the corporate plan will be to bring all filings current with the SEC and rescind our Form 15 and continue on as a reporting issuer. Since the company needs to produce all the filings from Year End 2016 to present including all K's and Q's, we expect Phase 3 to be completed on or before end of October 2021, depending on the level of work required. At that time Xfuels will be able to apply to remove the restriction on its common stock in Alberta. Xfuels also intends to cross list our common shares in Canada on a recognized exchange. The company is presently working with consultants to determine which exchange will be best fit for our company. The past few months have been very productive for Xfuels and its subsidiaries, Cycle Energy Services has completed several workovers in the Redwater Field including one well that produced 97 Barrels per day in flush production and lasted for several weeks before settling in at an average of 50 barrels per day. Cycle Oil & Gas continues to enhance the wells acquired from Energy Express Canada Corp to Cycle Energy corporate standards like upgraded containment and replacement of outdated tanks and other field equipment. Having Indigenous leadership in Cycle Oil & Gas the company takes its ESG obligations very seriously. Cycle Oil & Gas has always focused on environmental and good neighbor stewardship as the keystone in the foundation of our company. Cycle Energy Services will complete two more workovers and one abandonment before heading into the field to continue on our SRP grants and completing those over the summer months. As of now Cycle Oil & Gas has met and exceeded its yearly Asset Retirement Obligation and moving into fall months will have Cycle Energy Services complete the rest of the workovers in our Norris and Foley field for strong production going into the winter months. The company has also implemented a chemical program for wax reduction that will help keep fluid flowing over the winter. On April 22nd, 2021, Xfuels announced it has entered into a purchase agreement for an incinerator plant, support equipment and associated vacant 3.78 acres in Bieseker, Alberta. To date we are working to close the purchase and intend to have the paperwork in order shortly. In the meantime, the Vendor and Xfuels are cooperating to move the project forward regardless of the timing of the closing. Xfuels has begun to move in and occupy the building and offices and the retrofit on the small incinerator has begun. The company is converting the standard burners to our proprietary non-thermal plasma torches and the currently is entertaining quotes on 1MW biogas/syngas generator packages. Contractors have been called in to provided quotes and proposals to retrofit the large incinerator into a gasifier using Cycle's propriety non-thermal plasma torch and associated proprietary technologies. The plant currently has a switchgear capacity of 6MW which the company will fill that capacity in 1MW stages. Xfuels has also been negotiating with local providers of Bitcoin units for our stranded gas assets in Cycle Oil and Gas as well as the Bieseker plant. The company intends to have our first unit implemented over the summer months as per our previous schedule. Xfuels has now turned its attention to acquire Oil & Gas properties in the United States. The company is presently looking at several potential acquisitions in both Texas and Oklahoma. The company is working towards completing one or more of potential acquisitions by the fourth quarter 2021 and will schedule Cycle Energy Services workover rigs over the winter months to bring on shut-in production. The work will include workovers, service, up hole opportunities as well as drilling opportunities."
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MGLN | Hot Stocks06:34 EDT Magellan Health management and Heuro Health partner in wellness coaching - Magellan Health division Magellan Rx Management and Heuro are collaborating to provide live behavioral health support and wellness coaching through the Heuro Health app. Heuro Health is a new app that aims to bridge the gap between patient and provider, motivating its members to centralize their own health, medical and lifestyle information in one place. The Heuro solution aggregates personal health records, insurance plan information, care providers, prescriptions and wellness management into a consumer application. Through the collaboration, healthcare coaches from the MRx Navigate program utilize Heuro's HIPAA compliant platforms, such as the HeuroWellness, to provide expertise and support to members.
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KL | Hot Stocks06:12 EDT Kirkland Lake Gold reports high-grade intersections at Detour Lake - Kirkland Lake Gold announced results from 43 holes drilled along the Detour Mine Trend at the Detour Lake property. The new holes are the sixth batch of results from the recently announced 270,000 m exploration program, which the Company is targeting for completion by the end of 2021. The program is being completed to collect information for an updated, and potentially expanded, Mineral Reserve estimate and to support the completion of a new production plan, expected to be released in the first half of 2022. Most of the new holes announced today are from drilling in the Saddle Zone, located between the existing Main Pit and planned West Pit locations, which has been underexplored with no Mineral Reserves and only limited Mineral Resources. Several new holes are also being announced from the area west of the West Pit Mineral Reserves, which also contains limited past drilling. Tony Makuch, President and CEO of Kirkland Lake Gold, commented: "The new drill results announced today continue to support our view that a much larger deposit exists along the Detour Mine Trend than is currently included in Detour Lake Mine's existing Mineral Reserves. The results include a significant number of new intersections with attractive grades and widths that provide additional very compelling evidence of a broad and continuous corridor of mineralization that extends from the Main Pit through the Saddle Zone to the planned West Pit location to a depth of at least 800 m below surface. We also continue to expand the mineralized corridor west of the planned West Pit, where mineralization has been intersected over 400 m further west of existing Mineral Reserves, and to identify broad zones of higher-grade mineralization extending below the Main Pit and West Pit location pit shells that highlight the potential to add new open-pit, and potentially underground, Mineral Reserves and Mineral Resources at depth. Our 270,000 m drilling program at Detour Lake is continuing with 12 surface drills in operation, with the program advancing on track for completion by the end of the year. The very encouraging exploration results we are consistently achieving at Detour Lake will be factored into a new life-of-mine plan and technical report, expected to be released in the first half of 2022, which we believe will include significant new value creation opportunities and will make further progress towards establishing Detour Lake as one of the world's largest and most profitable gold mines."
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ROMJF | Hot Stocks06:11 EDT Rubicon Organics secures loan financing - Rubicon Organics is pleased to announce that it has issued an S$8 million principal amount secured debenture to Green Island Investments in connection with a debt financing transaction. The Debenture has a two-year term and bears interest at 6.5% annually. In connection with the transaction, the Company issued 907,000 bonus warrants to the Financier. Each warrant entitles the Financier to purchase one common share in the capital of the Company at an exercise price of $4.00 per common share for a period of three-years from the date of issuance.
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TORXF | Hot Stocks06:10 EDT Torex Gold Resources reaffirms FY gold production 430,000-470,000 ounces
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BMWYY... | Hot Stocks06:09 EDT EU fines Daimler, BMW, Volkswagen group EUR875M over diesel emissions - The European Commission has found that Daimler (DDAIF), BMW (BMWYY) and Volkswagen group -- Volkswagen (VWAGY), Audi (AUDVF) and Porsche (POAHY) -- breached EU antitrust rules by colluding on technical development in the area of nitrogen oxide cleaning. The Commission has imposed a fine of EUR 875 189 000. Daimler was not fined, as it revealed the existence of the cartel to the Commission. All parties acknowledged their involvement in the cartel and agreed to settle the case. Executive Vice-President of the Commission Margrethe Vestager, in charge of competition policy said: "The five car manufacturers Daimler, BMW, Volkswagen, Audi and Porsche possessed the technology to reduce harmful emissions beyond what was legally required under EU emission standards. But they avoided to compete on using this technology's full potential to clean better than what is required by law. So today's decision is about how legitimate technical cooperation went wrong. And we do not tolerate it when companies collude. It is illegal under EU Antitrust rules. Competition and innovation on managing car pollution are essential for Europe to meet our ambitious Green Deal objectives. And this decision shows that we will not hesitate to take action against all forms of cartel conduct putting in jeopardy this goal." Reference Link
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TORXF | Hot Stocks06:09 EDT Torex Gold Resources reports Q2 gold production of 118,050 ounces - Jody Kuzenko, President & CEO of Torex, stated: "We had another solid quarter of production in Q2, continuing to deliver the consistent and reliable performance that our shareholders have come to expect. With 247,550 ounces of gold produced through June, we are very well positioned to achieve production guidance of 430,000 to 470,000 ounces this year. Notably, our underground mining team exceeded expectations, with the average daily mining rate surpassing 1,400 tpd for the first time. From a safety standpoint, we experienced a lost time injury in the quarter when a contract diamond driller was injured working underground. Per our safety systems and culture, the incident was investigated fully, and corrective actions have been implemented to mitigate the likelihood of reoccurrence. With the solid production result came some operational challenges that our team is currently addressing. First, as we mine deeper in the open pits, the metallurgical signature of the ore has evolved, with higher levels of copper and iron in sulphides. While our blending strategies and metallurgical controls minimized in-circuit fluctuations, cyanide consumption during the quarter increased by approximately 2 kg/t relative to Q1. We are actively pursuing a number of mitigation strategies to maintain consistent recoveries while managing reagent consumption, as well as cost containment initiatives in the business to help offset higher reagent costs. Second, wear to the RopeCon belt was detected in June through our routine inspections and the conveyor system has been taken down for repair with an expected return to service date in late-July. While the RopeCon is out of service, ore from the El Limon open pit is being selectively hauled by truck and surface stockpiles drawn down, and, as such, we do not expect throughput in the processing plant to be impacted. The solid production result we delivered again this quarter despite the noted operational issues speaks to the effectiveness of our systems-based approach to operations, and the capability and resilience of our team to tackle multiple challenges to deliver production consistent with plan."
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GRSV AMBP | Hot Stocks06:07 EDT Gores Holdings V announces special meeting date - Gores Holdings V announced that the Company will hold a Special Meeting at 9:00 a.m., Eastern time, on August 3, 2021, for its stockholders to consider and vote on, among other things, its previously announced proposed business combination pursuant to which Gores Holdings V will merge with a subsidiary of Ardagh Metal Packaging, a global leader in the supply of sustainable and infinitely-recyclable beverage cans, and AMP will become a publicly traded company. The Company was advised that the Securities and Exchange Commission had declared effective the registration statement on Form F-4 filed by Ardagh Metal Packaging with respect to the proposed business combination. The Company has separately filed with the SEC a definitive proxy statement with respect to the proposed business combination. The definitive proxy statement contains important information about the proposed business combination contemplated by the Business Combination Agreement by and among the Company, Ardagh Metal Packaging, Ardagh Group, and Ardagh MP MergeCo Inc. dated as of February 22, 2021. The declaration of effectiveness of the Registration Statement by the SEC and the filing of the definitive proxy statement by the Company with respect to the Special Meeting is an important step in effecting the Company's initial business combination transaction and Ardagh Metal Packaging becoming a publicly traded company, with the goal of being listed on the New York Stock Exchange under the symbol "AMBP."
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GOOG GOOGL | Hot Stocks06:06 EDT Google says antitrust lawsuit by 37 AGs is 'meritless' - Wilson White, Google's Senior Director of Public Policy, said in a blog post: "We built Android to create more choices in mobile technology. Today, anyone, including our competitors, can customize and build devices with the Android operating system - for free. We also built an app store, Google Play, that helps people download apps on their devices. If you don't find the app you're looking for in Google Play, you can choose to download the app from a rival app store or directly from a developer's website. We don't impose the same restrictions as other mobile operating systems do.So it's strange that a group of state attorneys general chose to file a lawsuit attacking a system that provides more openness and choice than others. This complaint mimics a similarly meritless lawsuit filed by the large app developer Epic Games, which has benefitted from Android's openness by distributing its Fortnite app outside of Google Play. The complaint limits its definition of the app marketplace to Android devices only. This completely ignores the competition we face from other platforms such as Apple's incredibly successful app store, which accounts for the majority of mobile app store revenues according to third-party estimates. We compete for both developers and consumers, and if we're not providing them with the best experience on Google Play, they have other alternatives to choose from." Reference Link
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EVAX | Hot Stocks06:03 EDT Evaxion Biotech reports data from Phase 1/2a trials of EVX-01, EVX-02 - Evaxion Biotech announced results from both its Phase 1/2a trial of cancer immunotherapy EVX-01 in metastatic melanoma and interim Phase 1/2a trial of cancer immunotherapy EVX-02 in adjuvant melanoma. Data from the trial of EVX-01, a novel patient-specific cancer neoepitope immunotherapy based on Evaxion's PIONEER AI technology in combination with a PD-1 checkpoint inhibitor, showed a safety profile with only Grade 1 and 2 adverse events observed. Combined therapy with EVX-01 demonstrated an objective response rate of 67% across all nine patients compared with historical data of 40% with anti-PD1 treatment alone. The study also demonstrated a complete response rate of 22%, compared with a historical 7% with anti-PD1 treatment alone, and a partial response rate of 44%, versus 33% compared with anti-PD1 treatment alone. Among the four patients on the highest two doses, there was an objective response rate of 75%. Three patients with Stable Disease for 10, 8 and 9 months on anti-PD1 treatment alone, achieved CR, CR and PR respectively following EVX-01 administration and subsequent activation of a neoepitope specific de novo T-cell response. In the Phase 1/2a trial, nine patients with metastatic melanoma were injected biweekly with EVX-01, three times intraperitoneal and three times intramuscular plus, with pembrolizumab every three weeks or nivolumab every four weeks. Patients were dosed at three different levels of EVX-01, 500 undefined, 1,000 undefined and 2,000 undefined. The study also revealed biomarker information supporting EVX-01's mechanism of action. There was broad T-cell activation in all patients, with 76.2% of the administered neoepitopes inducing reactive T cells, while 84.8% of EVX-01 induced reactive T cells were de novo responses. Patient cases established a direct link between EVX-01 activated T cells and antitumor effect and duration of response. The data further demonstrated a link between neoepitopes identified by the PIONEER platform and clinical response. The results also showed that Evaxion's novel proprietary AI-Immunogenetic Drug Response Platform, which provides immuno-genetic profiling of individual patients based on biological rational for drug response, can predict the response to therapy with precision and sensitivity. We believe that the data support progressing the development of EVX-01 into a subsequent randomized Phase 2b trial, which we expect to initiate in December 2021. We also intend to present the data at a upcoming medical society meeting in first half of 2022. Phase 1/2a results with EVX-02 in adjuvant melanoma: This is an open label, multi-center study assessing the safety, tolerability, pharmacodynamics, and potential efficacy of EVX-02 in combination with checkpoint inhibitor in patients who have had a complete resection of Stage IIIB/IIIC/IIID or Stage IV melanoma and are at high risk of recurrence. The study is taking place at five clinical centers in Australia. Data from the first patients in the trial showed T-cell activation, even in assays which had not been prestimulated. Based on this readout, Evaxion will continue to generate more data from the trial with the aim of initiating a Phase 2 trial with EVX-02 in an adjuvant setting in the second quarter of 2022.
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CAN | Hot Stocks06:02 EDT Canaan releases Kendryte K510 chip - Canaan announced the release of the Kendryte K510, an independently designed and developed RISC-V based edge AI chip, at the 2021 World Artificial Intelligence Conference.
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HOLI | Hot Stocks05:29 EDT Buyer consortium issues letter to Hollysys shareholders regarding acquisition - The buyer consortium consisting of Shao Baiqing, Ace Lead Profits and CPE Funds Management issued a letter to shareholders of Hollysys regarding the consortium's proposed acquisition of the company. The consortium believes that the proposed acquisition is the best and only option to shareholders to achieve immediate liquidity on their investment. The letter said, "We, the buyer consortium (the "Consortium" or "we") consisting of Mr. Shao Baiqing, Ace Lead Profits Limited, and CPE Funds Management Limited would like to remind you to please submit your consent to our resolutions concerning the proposed acquisition (the "Proposed Acquisition") of all outstanding ordinary shares of the Company not already owned by the Consortium at a price of $17.10 per share in cash, by following the instructions on the WHITE consent card. If you hold shares through a bank or broker (i.e., in "street-name" or as a "beneficial owner") and have not yet received the Consortium's consent materials by mail or email, please contact your bank or broker as soon as possible and request instructions regarding the WHITE consent card. If you are a record holder (i.e., you hold shares in your own name on the register of members of the Company), please promptly contact Innisfree M&A Incorporated ("Innisfree"), the firm assisting the Consortium with the consent solicitation, at the telephone number or email address below to request a copy of the WHITE consent card... We believe that absent swift and resolute action from shareholders, the Company's valuation will decline even further, and that the best path forward for all shareholders starts by consenting to the resolutions on the WHITE consent card before July 22, 2021. Submission of more than a majority of consents will not only provide a strong mandate to the Board to enter into a definitive merger agreement with the Consortium, but it will also limit the Board's power to exercise the rights under the Company's "poison pill," thereby allowing us to take our offer directly to shareholders by launching a tender offer if necessary. Shareholders should also note that the Consortium's consent solicitation is independent and separate from the pending litigation between Mr. Shao Baiqing and Ace Lead Profits Limited on one hand, and the Company on the other hand. Such litigation relates to the legality of the extensive amendments to the Company's already extremely board-friendly charter documents, hastily adopted by the Board in January 2021, without shareholders approval. While succeeding in our litigation would be a governance victory for all shareholders, it is critical to push on all fronts and for shareholders to deliver a loud and clear message NOW about where shareholders truly stand with respect to the Proposed Acquisition. The Board and management team is clearly not able to understand what acting "in the best interests of shareholders" means - let shareholders decide that for themselves!"
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MOLN NVS | Hot Stocks05:26 EDT Molecular Partners provides update on clinical progress of ensovibep - Molecular Partners (MOLN) reported on the clinical progress of its novel antiviral candidate, ensovibep, as part of a presentation with its partner Novartis at the 1st Credit Suisse ESG Forum Switzerland virtual event. Ensovibep is designed to bind and inhibit SARS-CoV-2, the virus that causes COVID-19. Ensovibep is currently being studied in a Phase 2 single-arm pilot study in ambulatory patients in the Netherlands; a global Phase 2/3 study in ambulatory patients, conducted in collaboration with Novartis (NVS) and a National Institutes of Health, or NIH-sponsored global Phase 3 study in hospitalized patients as part of the ACTIV-3 master protocol. During the presentation, management outlined initiation of a subcutaneous program to align with the global registrational studies presently underway using administration via infusion. Initiating this year, the studies will evaluate ensovibep delivered subcutaneously to healthy individuals and subsequently to COVID-19 patients. Subcutaneous administration may increase ease and speed of administration to complement ensovibep's simple, high yield manufacturing process, stability, and potential inhibition of all major viral variants to-date. The EMPATHY study is presently enrolling across 5 countries, with continued expansion expected into additional territories as the evolving pandemic dictates. The ACTIV-3 study is presently enrolling patients in the hospitalized setting for assessment with ensovibep across more than 50 centers in 4 countries. The ACTIV-3 study protocol is open for recruitment in the hospitalized setting across 120 centers presently with more centers to open in the coming months. The program is aimed to be active in countries where the virus has high case numbers and to cover emerging variants on a global level. Finally, and in parallel to the clinical progress updated, ensovibep continues to be evaluated for its potency and inhibition against all emerging and established variants of concern. These evaluations are conducted across multiple laboratories, including the NIH. In vitro data to date show that ensovibep retains full potency and viral inhibition against all known SARS-CoV-2 variants in circulation, including the key Delta variants containing the T478K and K417N mutations, presently a particular concern as it may be associated with higher infectivity rates, even in individuals who are vaccinated.
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BPTS | Hot Stocks05:23 EDT Biophytis appoints Benoit Canolle as CBO, Jean Mariani as interim CMO - Biophytis announced two new appointments of healthcare executives. Benoit Canolle has been named chief business officer, or CBO, and will be member of the executive committee. Jean Mariani, chairman of the Biophytis scientific committee will replace Sam Agus as chief medical officer, during a transition period before the appointed new CMO joins the company. Claude Allary has been working with Healthcare Industries for the past 40 years. Benoit Canolle joins from Pierre Fabre Group. At Pierre Fabre, he was head of corporate medical portfolio and project direction.
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STLA | Hot Stocks05:19 EDT Stellantis sees first half adjusted operating income margins over 5.5%-7.5% - Stellantis will host its EV Day 2021. Carlos Tavares, CEO at Stellantis, will share Stellantis' comprehensive electrification strategy. The company said, "Stellantis also announced today preliminary expectations regarding its 2021 First Half trading performance and certain financial results. The Company expects a strong margin performance for the First Half of 2021, due to positive pricing and product mix. The global Stellantis team has also responded strongly to volume constraints caused by semi-conductor shortages, implementing very effective cost control measures. As a consequence, Adjusted Operating Income margins in the First Half of 2021 are expected to exceed the previously communicated full year margin guidance range of 5.5% to 7.5%, despite volume losses compared to planned production rates. For the First Half of 2021, consistent with expectations as communicated in the First Quarter 2021 results conference call, Stellantis expects negative Industrial Free Cash Flows due to the negative working capital impact of the lower than planned production volumes. A very promising start of the execution of synergies, well on track to exceed the first year target, should materially contribute to the full year cash flow performance, which is still expected to be positive."
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AMGN AZN | Hot Stocks05:16 EDT Amgen granted priority review for tezepelumab by FDA - Amgen (AMGN) announced that the FDA has accepted a biologics license application, or BLA, and granted priority review for tezepelumab in the treatment of asthma. Tezepelumab is being developed by Amgen in collaboration with AstraZeneca (AZN). The Prescription Drug User Fee Act goal date for a decision by the FDA is during the first quarter of 2022.
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RIO | Hot Stocks05:12 EDT Rio Tinto, POSCO enter MoU to explore low-carbon emission steel value chain - Rio Tinto and POSCO, the largest steel producer in South Korea, have signed a memorandum of understanding, or MoU, to jointly explore, develop and demonstrate technologies to transition to a low-carbon emission steel value chain. The partnership will explore a range of technologies for decarbonization across the entire steel value chain from iron ore mining to steelmaking, including integrating Rio Tinto's iron ore processing technology and POSCO's steelmaking technology. Both Rio Tinto and POSCO share the ambition to reach net zero carbon emissions by 2050.
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XONE | Hot Stocks05:10 EDT ExOne opens Metal 3D Printing Adoption Center at Germany headquarters - ExOne announced it has opened a Metal 3D Printing Adoption Center at its European headquarters in Gersthofen, Germany. The mission of ExOne's Adoption Centers, which have locations in the U.S., Germany, and Japan, is to allow customers to try binder jet 3D printing for their designs before they decide to buy an ExOne 3D printing system for their own production. The investment announced represents an expansion of ExOne's longtime Adoption Center in Europe, which 3D prints sand molds and cores for metalcasting customers. ExOne's Metal Adoption Center now offers manufacturers end-to-end engineering services for direct-metal binder jet 3D printing, including benchmarks, design support, and materials, process, and work cell development.
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ALLT | Hot Stocks05:07 EDT Allot Ltd. chosen by European communications group for cybersecurity - Allot Ltd. announced that a communications group headquartered in Europe, with operating units in the EU and North America, has signed an agreement with Allot to enable their operating units to offer cybersecurity services to their consumer and small and medium-sized business, or SMB, customers based on Allot's HomeSecure, BusinessSecure, and an endpoint security application. The engagement between Allot and the group is based on a recurring monthly fee derived from the actual number of subscribers using the cyber security solution.
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