Stockwinners Market Radar for July 17, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
KKR TEF | Hot Stocks18:37 EDT KKR, Telefonica partner to create digital infrastructure company in Colombia - KKR (KKR) announced an agreement with Telefonica Colombia, a subsidiary of the leading Spanish telecom group Telefonica (TEF), to establish Colombia's first independent nationwide open access wholesale digital infrastructure company. On a mission to bring greater broadband access across Colombia, the new company will expand availability of ultra-fast fiber optic internet, benefitting more consumers and businesses across Colombia. As part of the agreement, KKR will acquire a majority stake in Telefonica's existing fiber optic network, the largest in Colombia, and make the network open access through a newly established independent entity, which KKR will control as the majority shareholder. Telefonica will be a minority shareholder in the new company, with a 40% stake. The company will be run independently by a local team in Colombia but brings together the expertise of both KKR and Telefonica to build and operate Colombia's premier digital infrastructure network. Recently, the companies similarly joined efforts to establish ON NET Fibra as Chile's first open access wholesale fiber optic network. Upon closing of the transaction, Telefonica's existing fiber optic network will become open access and available for all internet service providers in Colombia to utilize, including Telefonica. With the investment from KKR, the new company plans to expand existing fiber optic coverage from approximately 1.2 million homes today to, at minimum, 4.3M homes by the end of 2024, covering at least 87 municipal areas in Colombia, with more than half consisting of underserved areas outside of high-income urban areas. The network will utilize state-of-the art technology to deliver connection speeds up to 1,000 times faster than conventional networks currently available to most Colombians, improving both quality and coverage. The investment will help to close the digital gap, facilitate new 5G connectivity, and provide access to telework, telehealth, and virtual education to far more Colombians than have it today.
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PBA IPPLF | Hot Stocks17:37 EDT Pembina reaffirms existing transaction with Inter Pipeline - Pembina Pipeline Corporation (PBA) confirmed that it does not intend to increase or otherwise change the consideration of 0.50 common shares of Pembina offered under its proposed acquisition of all of the common shares of Inter Pipeline Ltd. (IPPLF) pursuant to the arrangement agreement signed by the parties, and unanimously recommended by the board of directors of Inter Pipeline
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AUPH | Hot Stocks17:32 EDT Aurinia Pharmaceuticals announces delisting from TSX - Aurinia Pharmaceuticals announced it will voluntarily delist the common shares of the company from the Toronto Stock Exchange effective as of the close of trading on July 30, 2021. The company's common shares will no longer be traded on the TSX but will continue to trade on the Nasdaq Capital Market under the symbol AUPH. Trading on the Nasdaq accounted for approximately 94 percent of Aurinia's daily trading volume over the past 12 months. Therefore, the company believes that the trading volume of its shares on the TSX no longer justifies the expense and administrative efforts associated with maintaining a dual listing. The company is confident that the transition to a single listing will help deliver better value to its shareholders, employees and of course, the patient and HCP communities it serves. Pursuant to Sec. 720(b) of the TSX Company Manual, shareholder approval is not required as an acceptable alternative market exists for the listed securities.
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VALU | Hot Stocks17:31 EDT Value Line renews stock repurchase program - The Board of Directors on July 16 approved a renewal of the share repurchase program, effective immediately, allowing the repurchase of shares from time to time, up to an aggregate amount of $2M. The company, under the previous program, announced in April 2020, has purchased 58,880 shares and expended $1,686,324 of the authorized $2M initial amount by July 2, 2021. The new repurchase program has no set price limit and no expiration date.
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GBX | Hot Stocks17:26 EDT Greenbrier CEO Furman acquires nearly 70,000 common shares - In a regulatory filing, Greenbrier chairman and CEO William Furman disclosed the purchase of 69,783 common shares of the company on July 14 at a price of $43.05 per share.
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MRK | Hot Stocks17:18 EDT Merck announces FDA approval of VAXNEUVANCE - Merck announced the U.S. FDA approved VAXNEUVANCE for active immunization for the prevention of invasive disease caused by Streptococcus pneumoniae serotypes 1, 3, 4, 5, 6A, 6B, 7F, 9V, 14, 18C, 19A, 19F, 22F, 23F and 33F in adults 18 years of age and older. The approval follows the FDA's Priority Review of Merck's application.
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PPX | Hot Stocks16:39 EDT PPL Capital Funding trading halted, news pending
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AHT | Hot Stocks16:32 EDT Ashford Hospitality completes 1-for-10 reverse stock split - Ashford Hospitality Trust announced that it completed a reverse split of the company's common stock at a ratio of 1-for-10. After the close of business on July 16, 2021, the effective date of the reverse stock split, each share of the company's issued and outstanding common stock and equivalents was converted into 1/10th of a share of the company's common stock. As a result of the reverse split, the number of outstanding shares of common stock was reduced from approximately 265.1M shares to approximately 26.5M shares. The reverse stock split will affect all stockholders proportionally and will not affect any stockholder's ownership percentage of shares of the company's common stock, except for minor changes resulting from the payment of cash for fractional shares.
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MS | Hot Stocks16:30 EDT Morgan Stanley exec Saperstein sells 11,465 common shares - Morgan Stanley co-president and head of wealth management Andrew Saperstein disclosed the sale of 11,465 common shares of the company on July 16 at a price of $92.97 per share.
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AMCX | Hot Stocks16:17 EDT AMC Networks cuts 2021 free cash flow view to about breakeven from $200M - During AMC Networks' first quarter earnings call on May 7, the company provided an updated outlook on certain full year-2021 financial metrics, including free cash flow. At that time, the company indicated that it expected to generate approximately $200M of free cash flow in 2021. The settlement described in Item 8.01 below will impact the company's free cash flow; as a result, the company now expects free cash flow to be approximately breakeven in 2021. Because the company expects to classify the payment as an adjustment in determining adjusted operating income, the company's adjusted operating income will not be impacted by the settlement. There is no change to the company's previously issued outlook for revenue and adjusted operating income. On July 16, the company entered into a settlement agreement with Frank Darabont, Ferenc, Inc., Darkwoods Productions, Inc., and Creative Artists Agency, LLC in actions brought in connection with Frank Darabont's rendering services as a writer, director and producer of the television series entitled The Walking Dead. The consolidated cases were initially brought in 2013 and 2018 and the trial of the consolidated cases was scheduled to commence on April 4, 2022. The Settlement Agreement provides for a cash payment of $200M to the plaintiffs and future revenue sharing related to certain future streaming exhibition of The Walking Dead and Fear The Walking Dead. With regard to the Settlement Payment, the company has taken a charge of approximately $143M in the quarter ended June 30 in consideration for the extinguishment of Plaintiffs' rights to any compensation in connection with The Walking Dead and any related programs and the dismissal of the actions with prejudice, which amount is net of approximately $57M of ordinary course accrued participations. The Settlement Agreement also includes customary provisions included in such agreements, including providing for mutual releases, covenants not to sue, waivers, confidentiality, non-disparagement and indemnification for third party claims.
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CP | Hot Stocks16:11 EDT Canadian Pacific says no evidence its trains contributed to Lytton fire - Canadian Pacific issued the following statement on the Transportation Safety Board of Canada's rail transportation safety investigation update concerning the fire in Lytton, B.C.: "The TSB posted an update today regarding its investigation of potential train activity-related fire in the vicinity of Mile 98.3 of Canadian National Ashcroft Subdivision around the time of the wildfire in Lytton, B.C. on June 30, 2021. The TSB said that "at approximately 16:50 Pacific Daylight Time (PDT), smoke was spotted on the nearby hills around the pedestrian bridge which parallels the Canadian National (CN) bridge at Lytton, B.C." According to the update, TSB deployed an investigation team on July 9, 2021 to gather information and assess. In a statement given to the Canadian Press, TSB Chair Kathy Fox said that a full TSB report on any train-related cause or contributing factors in connection to the Lytton fire could take up to two years. At this preliminary stage, any conclusions or speculation regarding any cause of the Lytton fire or contribution factor is premature. Additionally, Ms. Fox is reported to have stated that it "is certainly a wake-up call to really look at what precautions need to be taken by railway companies..." In light of the early stage of this TSB investigation, we believe it is irresponsible and misleading to imply that railways are to blame for the fire. To the best of CP's knowledge, the last train that passed through Lytton on CN's Ashcroft Subdivision before the fire started was a CN train known to CP as CN 731L. To clarify, while this train is CP equipment, with CP locomotives and railcars, it was transferred to the care, custody and control of CN at Kamloops in the morning of June 30, 2021, and was being operated by CN, using CP's locomotives, over CN's own tracks on the Ashcroft Subdivision. Transport Canada inspected that train on July 6 and confirmed in a letter dated July 7 that there were "no non-compliance or concerns" in relation to that train. CP confirms that it has also inspected that train, as well as all other CP trains that went through the town of Lytton during the relevant time period on June 30 when we understand the fire started. Based on train records, including contemporaneous video footage, CP has found nothing to indicate that any of CP's trains or equipment that passed through Lytton caused or contributed to the fire. A review of the key facts confirms that railways are not a significant cause of wildfires in B.C., contrary to media and government speculation. The vast majority of wildfires are caused by nature when environmental conditions are extremely hot and dry, like those recently experienced in B.C."
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FCPT BPY | Hot Stocks16:10 EDT Four Corners Property Trust acquires Outback Steakhouse property for $1.9M - Four Corners Property Trust (FCPT) announced the acquisition of an Outback Steakhouse property for $1.9M from a previously announced Brookfield Properties (BPY) transaction. The property is located in a retail corridor in Washington and is franchisee-operated under a triple net lease with approximately three years of term remaining.
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EMPW HLLY | Hot Stocks16:08 EDT Holley announces closing of combination with Empower - Holley (HLLY) announced the closing of its previously announced business combination with Empower (EMPW). The business combination was approved by Empower's stockholders on July 14. Holley is a portfolio company of Sentinel Capital Partners, who will continue to have a significant stake in the company. Beginning July 19, Holley's shares will trade on the New York Stock Exchange under the ticker symbol "HLLY."
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OLLI | Hot Stocks16:02 EDT Ollie's Bargain Outlet SVP McLain sells 6,000 common shares - In a regulatory filing, Ollie's Bargain Outlet SVP of Merchandising Kevin McLain disclosed the sale of 6,000 common shares of the company on July 14 at a price of $89.13 per share.
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CNSL | Hot Stocks16:02 EDT Consolidated Communications receives PUC approvals for Searchlight investment - Consolidated Communications announced that it has received all required state Public Utilities Commission regulatory approvals necessary for the conversion of the contingent payment right issued by the company to an affiliate of Searchlight Capital Partners in connection with the previously announced investment by Searchlight in the company. By securing all required state PUC regulatory approvals, the CPR has now converted into an additional number of shares of the company's common stock, which together with the shares issued to Searchlight at the completion of the first stage of the Investment on Oct. 2, 2020, constitutes approximately 24.5% of the company's outstanding shares.
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PFE BNTX | Hot Stocks15:00 EDT FDA plans to review Pfizer vaccine 'far in advance' of January goal - Acting Commissioner of Food and Drug Administration said via Twitter, "As Pfizer announced, FDA has formally accepted the company's Biologics License Application (BLA) requesting licensure (approval) of the Pfizer-BioNTech COVID-19 Vaccine. The application is for the prevention of COVID-19 in individuals 16 years of age and older, and FDA has granted the application priority review. Currently, the vaccine is authorized for emergency use to prevent COVID-19 in individuals ages 12 and older. The Prescription Drug User Fee (PDUFA) Goal Date of January 2022 reflects the PDUFA deadline for Priority Review and does not mean approval will not happen before that time. Quite to the contrary, the review of this BLA has been ongoing, is among the highest priorities of the agency, and the agency intends to complete the review far in advance of the PDUFA Goal Date."
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KRBP | Hot Stocks14:57 EDT Kiromic says FDA returned with comments on allogeneic CAR-T product INDs - Kiromic BioPharma provided the following update on its IND filings on its off-the-shelf, allogeneic CAR-T for solid tumors: "Two INDs were submitted to the FDA in May 2021 for the first-in-human off-the-shelf allogeneic CAR-T for solid tumors. FDA returned with comments on the company's allogeneic CAR-T products with respect to tracing of all reagents used in manufacturing; flow chart of manufacturing processes; and certificate of analysis, or COA, for the company's CAR-T products. The company has an FDA response taskforce, staffed with 30 yr industry veterans, working on answering the FDA comments above. Our CMC processes are rigorous. Our product is allogeneic gamma delta T cell manufacturing which few companies have mastered. The company's timeline for commencement of the dosing of its first in human clinical trial is expected to be tighter but we still plan on delivering in 3Q 2021."
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KDMN | Hot Stocks14:45 EDT Kadmon trading resumes
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BYD... | Hot Stocks14:42 EDT NJ reports June total gaming revenue up 302.7% to $392.8M - New Jersey's Division of Gaming Enforcement reported total gaming revenue for June was $392.8M, compared to $97.6M in June 2020, reflecting a 302.7% increase. Internet gaming win was $107.1M in June, compared to $84.9M in the prior period, reflecting an increase of 26.1%. Sports wagering gross revenue was $71.3M for the month. Casino win for June was $214.5M. The NJ DGE noted: "Due to COVID-19, Atlantic City casinos closed at 8:00 PM on March 16, 2020. Internet casino gaming and Online sports wagering operations continued, however, most sports wagering events were cancelled beginning in mid-March 2020. As a result, casino win and sports wagering revenue for the month and the year-to-date period ended June 2021 are not comparable to 2020. Additionally, the Atlantic City casino hotel properties continue to operate under certain COVID-19 restrictions since reopening in July 2020." Publicly traded companies in the casino gaming and sports betting space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN).
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KDMN | Hot Stocks14:26 EDT Kadmon to resume trading at 2:45 pm ET - Kadmon is scheduled to resume trading at 2:45 pm ET, with quotation set to resume at 2:40 pm ET, according to Nasdaq. Shares had been halted ahead of the company announcing that the FDA has approved Rezurock 200 mg once daily for the treatment of adult and pediatric patients 12 years and older with chronic graft-versus-host disease, or cGVHD, after failure of at least two prior lines of systemic therapy.
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KDMN | Hot Stocks14:25 EDT Kadmon says FDA grants full approval of Rezurock for cGVHD - Kadmon announced that the U.S. Food and Drug Administration has approved Rezurock 200 mg once daily for the treatment of adult and pediatric patients 12 years and older with chronic graft-versus-host disease, or cGVHD, after failure of at least two prior lines of systemic therapy. The FDA granted Breakthrough Therapy designation and Priority Review for Rezurock and reviewed the New Drug Application under the Real-Time Oncology Review pilot program. "The FDA approved this NDA six weeks ahead of the Prescription Drug User Fee Act - PDUFA - goal date of August 30, 2021. Rezurock is the first and only FDA-approved small molecule inhibitor of ROCK2, a signaling pathway that modulates inflammatory responses and fibrotic processes," the company said. Rezurock is expected to be available in the United States by late August 2021.
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KDMN | Hot Stocks14:07 EDT Kadmon trading halted, news pending
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CTST | Hot Stocks13:40 EDT CannTrust announces court approval of plan of compromise, reorganization - CannTrust Holdings announced that its Fourth Amended & Restated Plan of Compromise, Arrangement and Reorganization dated July 7 was sanctioned by the Ontario Superior Court of Justice in connection with the company's restructuring proceedings under the Companies' Creditors Arrangement Act. Implementation of the CCAA Plan remains subject to a number of conditions, including the U.S. Approval Order being entered in the U.S. Class Action and the expiration of applicable appeal periods. CannTrust expects the conditions to be satisfied and implementation of the plan to occur in three to five months, or in the fourth quarter of 2021. "Having the CCAA Plan sanctioned is another significant milestone in our CCAA journey and we are pleased to have made progress towards plan implementation." said Greg Guyatt, CEO at CannTrust. As previously disclosed, CannTrust anticipates announcing the engagement of a replacement independent auditor during the third quarter of 2021 and has initiated discussions with the Ontario Securities Commission about proposing a plan and timetable for curing the company's historical disclosure defaults. Following the engagement of a replacement auditor, the company anticipates submitting an application to the OSC for a discretionary order revoking the OSC's cease-trade order dated April 13, 2020 and seeking a new listing for CannTrust's common shares on a Canadian stock exchange.
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AGR | Hot Stocks13:31 EDT Avangrid JV Vineyard Wind enters into PLA with MA Building Trades - AVANGRID announced that its joint venture, Vineyard Wind, has entered into a Project Labor Agreement with the Massachusetts Building Trades and local union affiliates for the construction beginning later this year of Vineyard Wind 1, an 800 megawatt offshore wind project. "We are proud to work with organized labor to make history by building the nation's first large-scale offshore wind project, Vineyard Wind 1," said Dennis V. Arriola, CEO of AVANGRID. "The PLA is a triple-win for workers, our communities and industry and sets a strong precedent as we build the offshore wind energy infrastructure in the U.S. Investing in the workforce that will build the clean and connected future creates strong, sustainable communities and will enable the long-term growth and success of the offshore wind industry in this country."
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RDFN | Hot Stocks13:09 EDT Redfin report shows 'cool-down in 'hyper-competitive' home market - The average weekly share of homes for sale with a price drop passed 4% for the first time since September, "signaling a cool-down in the hyper-competitive market," according to a new report from Redfin. The median home-sale price increased 21% year over year to $365,500, a record high, according to the company. Asking prices of newly listed homes were up 12% from the same time a year ago to a median of $361,700. This is up 0.5% from the four-week period ending July 4, but down 0.6% from the all-time high two weeks ago, it added. Pending home sales were up 11% year over year, the smallest increase since the four-week period ending July 5, 2020. Pending sales were down 11% from their 2021 peak during the four-week period ending May 30, compared to a 4% decrease over the same period in 2019. The share of homes for sale with price drops rose to 4.1%, "continuing to surpass 2020 level, and climbing closer to 2019 levels," it said.
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BKR | Hot Stocks13:01 EDT Baker Hughes reports U.S. rig count up 5 to 484 rigs - Baker Hughes reports that the U.S. rig count is up 5 from last week to 484 with oil rigs up 2 to 380, gas rigs up 3 to 104, and miscellaneous rigs unchanged at 0. The U.S. Rig Count is up 231 rigs from last year's count of 253, with oil rigs up 200 gas rigs up 33 and miscellaneous rigs down 2. The U.S. Offshore Rig Count is unchanged at 17, up 5 year-over-year. The Canada Rig Count is up 13 from last week to 150, with oil rigs up 6 to 94, gas rigs up 7 to 55 and miscellanous unchanged at 1. The Canada Rig Count is up 118 rigs from last year's count of 32, with oil rigs up 88, gas rigs up 29 and miscellanous rig up 1.
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BKR | Hot Stocks13:00 EDT Baker Hughes reports U.S. rig count up 5 to 484 rigs
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ARL | Hot Stocks12:57 EDT American Realty Investors trading resumes
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ARL | Hot Stocks12:52 EDT American Realty Investors trading halted, volatility trading pause
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AGMH | Hot Stocks12:30 EDT AGM Group Holdings names Chenjun Li co-CEO - AGM Group Holdings announced that Chenjun Li has been appointed Co-Chief Executive Officer, effective July 12, 2021. Li has more than 10 years of experience in credit card and credit card related systems, and 8 years of experience in blockchain-oriented ASIC and other blockchain application technologies. Most recently, Li was the Chief Technology Officer at Shenzhen HighSharp Electronics.
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F | Hot Stocks12:08 EDT Ford announces three safety recalls in North America - Ford Motor Company announced details of three safety recalls in North America. Ford is issuing a safety recall for approximately 34,939 Ford F-350 Super Duty vehicles with 6.7-liter engine and single rear wheel axle for a rear axle housing spring seat interface weld issue. This action affects 34,855 vehicles in North America, with the remaining balance in Ford's International Markets Group. Vehicles were built at Kentucky Truck Plant between Aug. 6, 2020 and May 15, 2021. Ford is not aware of any accidents or injuries related to this condition. Also, Ford is issuing a safety recall for approximately 774,696 2013-2017 Ford Explorer vehicles that may experience a seized cross-axis ball joint that may cause a fractured rear suspension toe link. This action affects approximately 676,152 vehicles in North America, 59,935 in China, 25,257 in Ford's International Markets Group, 13,162 in Europe and 190 in South America. Ford is aware of six allegations of injury related to this condition in North America. Ford is providing a customer satisfaction program for vehicles not sold or registered in corrosion states. In addition, Ford is issuing a safety recall for approximately 40,995 2020-2021 Lincoln Aviator vehicles equipped with 3.0-liter gas engines because the battery cable wire harness may not be properly secured, allowing contact with the A/C compressor pulley. This action affects approximately 36,258 vehicles in North America, 2,601 in Ford's International Markets Group, and 2,136 in China. Ford is not aware of any accidents, injuries or fires related to this concern. Reference Link
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UBSFY | Hot Stocks12:06 EDT Ubisoft delays release of two games, says guidance unchanged - Ubisoft announced that "Riders Republic" and "Tom Clancy's Rainbow Six Extraction" will now be respectively released on October 28 and in January 2022. The company said, "The goal with the decision to delay both of these games is to give more opportunities for players to test, play firsthand and give feedback to ensure we are bringing the best experiences to market and allow them to reach their full potential. We believe the new release schedules will allow us to achieve that goal. This is the right decision for our players and for the long-term performance of our games. Ubisoft also confirmed its full year 2021-22 financial targets are unchanged."
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ARL | Hot Stocks12:00 EDT American Realty Investors falls -11.9% - American Realty Investors is down -11.9%, or -$1.62 to $12.00.
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TAL | Hot Stocks12:00 EDT TAL Education falls -12.0% - TAL Education is down -12.0%, or -$2.63 to $19.31.
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TRQ | Hot Stocks12:00 EDT Turquoise Hill falls -13.7% - Turquoise Hill is down -13.7%, or -$2.22 to $13.96.
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SCX | Hot Stocks12:00 EDT L.S. Starrett Co rises 6.3% - L.S. Starrett Co is up 6.3%, or 52c to $8.77.
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DNOW | Hot Stocks12:00 EDT NOW Inc. rises 6.4% - NOW Inc. is up 6.4%, or 57c to $9.51.
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MVO | Hot Stocks12:00 EDT MV Oil Trust rises 6.9% - MV Oil Trust is up 6.9%, or 52c to $8.07.
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HOLI | Hot Stocks11:34 EDT Buyer consortium says Glass Lewis, ISS recommend consent on Hollysys proposals - The buyer consortium consisting of Mr. Shao Baiqing, Ace Lead Profits Limited and CPE Funds Management Limited announce that independent proxy advisory firms, Glass, Lewis & Co. and Institutional Shareholder Services Inc. both recommend that shareholders of Hollysys Automation Technologies "consent" with respect to the shareholder resolutions proposed by the consortium on the White consent card. "Both firms made the recommendation after reviewing in detail the issues and arguments raised by the consortium regarding the consent solicitation and the company's lack of response to the consortium's 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," the buyer group stated in a press release.
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KEY CATM | Hot Stocks11:34 EDT KeyBank expands branding relationship with Cardtronics - KeyBank (KEY) announced an expansion of its branding relationship with Cardtronics (CATM). The expanded branding agreement enables KeyBank to enhance its brand visibility, while doubling its surcharge-free ATM access points in Indiana, where it currently operates 38 branch locations across the state.
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IZEA | Hot Stocks11:31 EDT IZEA awarded contract expansion from Fortune 200 customer - IZEA Worldwide announced that it has been awarded a new contract from a Fortune 200 customer, the third and largest expansion since first engaging IZEA to handle its influencer marketing campaigns in Q2 of 2020. The scope of the mid-six figure managed services agreement is to execute influencer marketing campaigns promoting the customer's products across multiple social platforms, including Instagram, Pinterest, and YouTube. The content will target audiences interested in DIY and home improvement projects.
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NBY CVS | Hot Stocks11:12 EDT NovaBay's Avenova now at CVS Pharmacy, company says via Twitter - Avenova Eye Care said via Twitter: "Avenova is now at your local @CVSpharmacy (CVS). We are so excited to make it easier for you to start and end your day with Avenova!" Avenova is part of NovaBay Pharmaceuticals (NBY). Reference Link
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PFE BNTX | Hot Stocks11:07 EDT Pfizer, BioNTech say FDA granted priority review for Covid vaccine - Pfizer (PFE) and BioNTech (BNTX) announced that the Food and Drug Administration granted priority review designation for the biologics license application for their mRNA vaccine to prevent Covid-19 in individuals 16 years of age and older. The FDA action date for a decision by the FDA is in January 2022. Pfizer and BioNTech completed the rolling submission of the BLA in May. "The application includes clinical data from the pivotal Phase 3 clinical trial of the vaccine, where the vaccine's efficacy and favorable safety profile were observed up to six months after the second dose," they said in a statement. Reference Link
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GXGX | Hot Stocks11:07 EDT GX Acquisition Corp trading resumes
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PFE BNTX | Hot Stocks11:05 EDT Pfizer, BioNTech says FDA granted priority review for Covid vaccine - Pfizer (PFE) and BioNTech (BNTX) announced that the Food and Drug Administration granted priority review designation for the biologics license application for their mRNA vaccine to prevent Covid-19 in individuals 16 years of age and older. The FDA action date for a decision by the FDA is in January 2022. Pfizer and BioNTech completed the rolling submission of the BLA in May. "The application includes clinical data from the pivotal Phase 3 clinical trial of the vaccine, where the vaccine's efficacy and favorable safety profile were observed up to six months after the second dose," they said in a statement. Reference Link
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GXGX | Hot Stocks11:02 EDT GX Acquisition Corp trading halted, volatility trading pause
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SONY... | Hot Stocks11:01 EDT Sony's new 'Ratchet & Clank' best-selling game in June in U.S., says NPD - NPD analyst Mat Piscatella said that, in the U.S., Sony's (SONY) PS5 exclusive "Ratchet & Clank: Rift Apart" debuted as June's best-selling game, achieving the highest launch month dollar sales of any title in franchise history. Launch month dollar sales more than doubled those of the previous high, set by "Ratchet & Clank" in April 2016. Nintendo's (NTDOY) "Mario Golf: Super Rush" launched as the 3rd best-selling game of June 2021. Launch month dollar sales were the highest ever achieved by a "Mario Golf" game. The previous high was set by "Mario Golf: Toadstool Tour," which launched for the Nintendo GameCube in July 2003. Activision's (ATVI) "Tony Hawk's Pro Skater 1 + 2" jumped from #51 in May to rank 17th on the June best-selling titles chart. The Switch version of the game was released in the U.S. during the month, accounting for most of the gains. The June release of the "A Pirate's Life" content update helped push Microsoft's (MSFT) "Sea of Thieves" up from 36th a month ago back into the top 20 best-seller's chart. "Sea of Thieves" originally launched in March 2018. Other top sellers in the U.S. for the month of June, according to NPD, were Activision's "Call of Duty: Black Ops Cold War," Sony's "MLB The Show 21," Bandai Namco's "Scarlet Nexus," Capcom's (CCOEY) "Resident Evil Village," and Nintendo's "Mario Kart 8." Other companies in the video game space include Take-Two (TTWO), Electronic Arts (EA), Ubisoft (UBSFY), GameStop (GME), and Tencent (TCEHY). Reference Link
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ATVI... | Hot Stocks10:57 EDT June video game spending in U.S. grew 5% year-over-year to $4.9B, says NPD - NPD analyst Mat Piscatella said that June 2021 consumer spending across video game hardware, content and accessories in the U.S. grew 5% when compared to a year ago, totaling $4.9B. First half 2021 consumer spending reached $28.9B, a 15% increase when compared to the same period in 2020. Hardware was the growth driver in June. Hardware dollar sales increased 112% when compared to a year ago as PlayStation (SONY), Switch (NTDOY) and Xbox (MSFT) console sales all gained. une video game hardware dollar sales jumped 112% when compared to June 2020, to $401M. This is the highest total achieved in a June month since 2008. Year-to-date hardware consumer spending has increased 45% compared to 2020's first half, to $2.3B. Xbox Series was the best-selling hardware platform in dollar sales for the month of June, while Nintendo Switch led in unit sales. June dollar sales of Xbox consoles set a new record for the Xbox platform, besting the previous high set in June 2011. Nintendo Switch was the best-selling hardware platform during 2021's first half in both dollar and unit sales. PlayStation 5 remains the fastest unit selling console hardware platform in U.S. history in terms of lifetime sales through 8 months in market, excluding portables. Other publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Take-Two (TTWO), Tencent (TCEHY), and Ubisoft (UBSFY).Reference Link
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PTE | Hot Stocks10:57 EDT PolarityTE 'concerned' confusion about Peet DeFi 'may have affected trading' - PolarityTE issued the following statement: "Based on investor inquiries, it has been brought to the attention of PolarityTE that there may be confusion amongst the investment community related to PolarityTE's stock and Peet DeFi, which is a crypto currency asset, and the company is concerned that such confusion may have affected trading in PolarityTE stock. This press release serves to inform investors that PolarityTE, traded on the Nasdaq under ticker symbol 'PTE,' and Peet DeFi, often referred to on social media platforms and elsewhere as 'PTE coins,' are completely unrelated. The company is communicating with social media platforms in an effort to mitigate such confusion moving forward."
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MDCA | Hot Stocks10:43 EDT Indaba questions Stagwell's desired appointment of Eli Samaha to MDC board - Indaba Capital Management, the largest unaffiliated shareholder of MDC Partners, questioned Stagwell Media's announcement of its intention to recommend the appointment of Eli Samaha of Madison Avenue Partners to the newly-combined entity's Board of Directors. Derek Schrier, Managing Partner of Indaba, commented: "In direct conversations with Indaba, Mr. Samaha disclosed that Madison's principal investor is a high school classmate and long-time, ongoing friend of Mark Penn, the Chairman and Chief Executive Officer of MDC and Managing Partner of Stagwell. We have received feedback from other MDC shareholders that Mr. Samaha disclosed similar information to them. Stagwell's July 15th press release omits Madison's link to Mr. Penn while boasting that Mr. Samaha 'will bring strong independent perspective' to the Board. This seemingly deceptive stunt reinforces to us that this transaction process is plagued by alarming conflicts and concerning interlocks. It gives us great concern that Stagwell and Mr. Penn appear to have disregarded the need for transparency with MDC shareholders when announcing Madison's support and Mr. Samaha's possible service as a director. At bottom, last night's development reinforces our opposition to the transaction on its current terms. It is clear to us that Mr. Penn will say anything to get his way. This type of operating mentality is a flashing red light when it comes to corporate governance."
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STT | Hot Stocks10:26 EDT State Street sees FY fee revenue guidance better than upper end of previous view -
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STT | Hot Stocks10:25 EDT State Street sees modestly improved quarterly NII range
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STT | Hot Stocks10:25 EDT State Street sees fee revenue up 7%-8% y/y in Q3 - Comments taken from Q2 earnings conference call.
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VVV | Hot Stocks10:16 EDT Valvoline says Retail Services President Puckett to retire - In a regulatory filing, Valvoline disclosed that on July 13 Anthony Puckett informed the company that he will retire as Senior Vice President and President, Retail Services of Valvoline Inc., effective no later than August 31, 2021 to pursue an opportunity with a privately-held company. "Valvoline will initiate an immediate search for Mr. Puckett's successor to lead the Retail Services business and will consider both internal and external candidates. Matt Furcolo, Vice President of Operations for Valvoline's Retail Services business, has been appointed as the company's interim Lead of Retail Services, effective as of Mr. Puckett's retirement. Mr. Furcolo has been with Valvoline for 21 years and has led Valvoline's Retail Services operations for 8 years," the filing noted.
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AIKI | Hot Stocks10:04 EDT AIkido Pharma provides update on antiviral platform with University of Maryland - AIkido Pharma provided an update to the progress of its antiviral platform with the University of Maryland School of Medicine. The Company stated: "The goal for the project is the identification and optimization of anti-viral compounds that inhibit viral replication by targeting a protein complex that degrades RNA at the cellular level. Scientists have identified proteins that are required for viral replication in these viruses. Computers were also used to aid the drug design approach by identifying compounds that are predicted to block viral replication. From this work, scientists have identified 4 lead compounds that block Influenza, Coronavirus, and Ebolavirus replication." Anthony Hayes, CEO of AIkido Pharma stated, "Moving forward, the upcoming phase is to optimize the best of these compounds to make them even better. At the same time, the scientists will take the compounds and measure how well they are bioavailable in the lungs when given either as an injection or as an oral dosing. Ultimately the goal is to have compounds that demonstrate strong antiviral activity against Influenza virus, SARS-CoV-2, and Ebolavirus. These illnesses have significant unmet medical needs as demonstrated by their continued resurgence and represent tremendous market opportunities."
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TSCO | Hot Stocks10:03 EDT Tractor Supply announces multi-year partnership with Professional Bull Riders - Tractor Supply Company announced a multi-year agreement to be the official "Life Out Here" partner for Professional Bull Riders. It includes a Tractor Supply-branded TV broadcast set, CBS television integrations and commercials, enhanced digital media experiences, local store activations across the country and custom content incorporating Tractor Supply and PBR rider talent. For the first time ever, the PBR broadcast desk on CBS will transform from a set within the arena to a Tractor Supply-branded, open-air broadcast booth featuring both brands and enabling fan engagement during the pre-show broadcast. Tractor Supply will also have exclusive branding with the in-arena broadcast booth as announcers provide dirt-side commentary, conduct rider interviews and capture the excitement of the competition.
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LLY INCY | Hot Stocks10:02 EDT Eli Lilly, Incyte: FDA will not meet PDUFA action date for SNDA for baricitinib - Eli Lilly and Company (LLY) and Incyte (INCY) announced that the U.S. FDA will not meet the Prescription Drug User Fee Act action date for the supplemental new drug application for baricitinib for the treatment of adults with moderate to severe atopic dermatitis. The delay is related to the FDA's ongoing assessment of JAK inhibitors. "We are confident in the efficacy and safety of baricitinib data supporting a favorable benefit-risk profile for the treatment of atopic dermatitis and look forward to continuing to work with the FDA during the remainder of the review process," said Ilya Yuffa, senior vice president and president of Lilly Bio-Medicines. "We are committed to bringing baricitinib to market to help meet the needs for people living with atopic dermatitis." This action does not affect Lilly's previously issued financial guidance for 2021.
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TAL | Hot Stocks10:00 EDT TAL Education falls -9.1% - TAL Education is down -9.1%, or -$2.00 to $19.94.
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TRQ | Hot Stocks10:00 EDT Turquoise Hill falls -11.8% - Turquoise Hill is down -11.8%, or -$1.91 to $14.27.
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ARL | Hot Stocks10:00 EDT American Realty Investors falls -12.6% - American Realty Investors is down -12.6%, or -$1.72 to $11.90.
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MRC | Hot Stocks10:00 EDT MRC Global rises 6.2% - MRC Global is up 6.2%, or 54c to $9.24.
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MAXR | Hot Stocks10:00 EDT Maxar Technologies rises 8.9% - Maxar Technologies is up 8.9%, or $2.94 to $36.06.
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DNOW | Hot Stocks10:00 EDT NOW Inc. rises 11.9% - NOW Inc. is up 11.9%, or $1.06 to $10.00.
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RIDE | Hot Stocks09:53 EDT Lordstown Motors dips after confirming receipt of SEC subpoenas - In a regulatory filing last night, Lordstown Motors stated: "The company has also received two subpoenas from the SEC for the production of documents and information, including relating to the merger between DiamondPeak and Legacy Lordstown and pre-orders of vehicles, and the company has been informed by the U.S. Attorney's Office for the Southern District of New York that it is investigating these matters. The company has cooperated, and will continue to cooperate, with these and any other regulatory or governmental investigations and inquiries." In early trading, Lordstown Motors shares were down 1%.
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TAL | Hot Stocks09:47 EDT TAL Education falls -7.1% - TAL Education is down -7.1%, or -$1.56 to $20.38.
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TRQ | Hot Stocks09:47 EDT Turquoise Hill falls -8.7% - Turquoise Hill is down -8.7%, or -$1.41 to $14.77.
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ARL | Hot Stocks09:47 EDT American Realty Investors falls -20.8% - American Realty Investors is down -20.8%, or -$2.83 to $10.79.
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MAXR | Hot Stocks09:47 EDT Maxar Technologies rises 6.3% - Maxar Technologies is up 6.3%, or $2.09 to $35.21.
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FUBO | Hot Stocks09:47 EDT FuboTV rises 7.0% - FuboTV is up 7.0%, or $1.81 to $27.50.
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DNOW | Hot Stocks09:47 EDT NOW Inc. rises 7.3% - NOW Inc. is up 7.3%, or 66c to $9.60.
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ASGN | Hot Stocks09:40 EDT ASGN acquires cybersecurity firm IndraSoft - ASGN announced the acquisition of IndraSoft, a cybersecurity and digital transformation solutions provider to the federal government. IndraSoft's team of more than 220 consultants will be integrated into the ECS Missions Solutions business unit, ASGN said. In addition to the cash consideration, ASGN is granting restricted stock unit awards to 16 IndraSoft employees covering approximately 52,000 shares. "The acquisition of IndraSoft is yet another example of our long-term capital deployment strategy to acquire high-growth consulting businesses that position ASGN as an industry-leading provider of IT services and solutions to the commercial and government marketplaces. IndraSoft's depth and breadth of technical capabilities, talent, and solutions align perfectly with our Federal Government Segment and ECS' digital modernization expertise," said Ted Hanson, ASGN CEO.
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FUV | Hot Stocks09:30 EDT Arcimoto enters joint pilot program to test FUV, Deliverator across the state - Arcimoto announced that it has entered into a joint pilot program with Tennessee Clean Fuels and Drive Electric Tennessee to test the FUV and Deliverator in cities across the state. Over the course of the 30-day pilot program beginning on August 16, Arcimoto vehicles will be tested by state and local governments in cities including Memphis, Nashville, Knoxville and Chattanooga.
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TYL | Hot Stocks09:23 EDT Tyler Technologies enters agreement with NREL to expand solar energy access - Tyler Technologies announced it has entered into an agreement with the U.S. Department of Energy's, or DOE, National Renewable Energy Laboratory, or NREL, to integrate Tyler's EnerGov Community Development software with the newly developed SolarAPP+. SolarAPP+, developed by NREL, is designed to streamline the review and inspection process for the installation of rooftop solar panels.
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TRNO | Hot Stocks09:22 EDT Terreno Realty acquires industrial property in California for $8.1M - Terreno Realty acquired an industrial property located in Hawthorne, California on July 14 for a purchase price of approximately $8.1M. The property consists of two industrial distribution buildings containing approximately 22,000 square feet on 1.6 acres. The property is at 13020 and 13030 Cerise Avenue, south of I-105 and between I-405 and I-110, provides two grade-level loading positions and parking for 64 cars. The property is 100% leased to two tenants, both of which expire by October 2025. The estimated stabilized cap rate of the property is 5.4%.
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DSX | Hot Stocks09:19 EDT Diana Shipping acquires Kamsarmax dry bulk vessel for $22M - Diana Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to acquire from unaffiliated third parties the m/v Magnolia, a 2011 built Kamsarmax dry bulk vessel of 82,165 dwt, for a purchase price of $22M. The Company anticipates to take delivery of the vessel by the end of February 2022.
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DSX | Hot Stocks09:07 EDT Diana Shipping commences self tender offer to purchase shares - Diana Shipping announced the commencement of a tender offer to purchase up to 3,333,333 shares, or about 3.6%, of its outstanding common stock using funds available from cash and cash equivalents on hand at a price of $4.50 per share. The tender offer will expire at the end of the day, 5:00 P.M., Eastern Time, on August 16, 2021, unless extended or withdrawn. The Board of Directors determined that it is in the Company's best interest to repurchase shares at this time given Diana Shipping's cash position and stock price.
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EARS | Hot Stocks09:04 EDT Auris Medical launches new corporate website - Auris Medical announced the launch of its newly-designed corporate website www.aurismedical.com. The new website features a streamlined and modern design and also reflects the Company's recently announced strategic repositioning.
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CLOV... | Hot Stocks09:04 EDT Clover Health enhances OTC benefit to include groceries - Clover Health (CLOV) announces that it's enhancing its current over-the-counter benefit to include groceries. The new benefit is available to eligible members in 101 counties across Arizona, Georgia, Mississippi, New Jersey, Pennsylvania, South Carolina, Tennessee, and Texas. Clover members who meet certain criteria, like having an underlying health condition, such as cancer, chronic kidney disease, or hypertension, will qualify for the benefit. Depending on the plan the individual is enrolled in, they will receive up to $125 in a quarterly stipend which can be used to purchase grocery items, or OTC items, at many major retailers, local supermarkets, and regional chains. The benefits card is easy to use and is similar to a gift card in that it has a barcode on the back which the store clerk scans upon checkout. To allow for time to operationalize the enhanced benefit, Clover will pursue a phased rollout. In phase one, beginning August 1, 2021, members who qualify within Clover's Georgia, New Jersey and South Carolina markets will receive a $20 grocery stipend in addition to a separate, existing OTC benefit. In phase two, starting October 1, 2021, members who qualify within Clover's Arizona, Georgia, Mississippi, New Jersey, Pennsylvania, South Carolina, Tennessee, and Texas markets will receive the combined benefit. Participating retailers include ACME Markets, CVS (CVS), Duane Reade, Food Lion, Kroger (KR), Stop & Shop, Walgreens (WBA), and Walmart (WMT). Clover will continue to add more and more participating retailers over time. The grocery benefit covers grocery services, including food and non-alcoholic beverages, as well as typical drug store "Over The Counter" items, such as ibuprofen, bandages, and vitamins. The card may also be used for delivery through Walmart, for OTC items enabling swift access for individuals who are homebound or have difficulty leaving the home.
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AUD | Hot Stocks09:01 EDT Finacity, DZ Bank facilitate $75M receivables securitization for Audacy - Finacity Corporationand DZ Bank AG Deutsche Zentral-Genossenschaftsbank announce that they have launched a trade receivables securitization for Audacy, a New York Stock Exchange listed company headquartered in Philadelphia, PA. The 3-year facility is collateralized by Audacy's billed and unbilled receivables for radio and podcast advertisements. Finacity serves as the Transaction Administrator and provided analytic and structuring support to DZ BANK which serves as the Agent for the transaction and funded the transaction via its ABCP conduit Autobahn Funding Company.
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YOU | Hot Stocks08:37 EDT Hawaii, Clear Secure expand Health Pass partnership to include CDC card upload - The State of Hawaii and Clear Secure announced that they have expanded their Health Pass partnership to include "CDC card upload" for proof of vaccination through the Hawaii Safe Travels program. With this latest announcement, Clear Secure's Health Pass can now be used by all fully vaccinated adults in the United States traveling on any airline from any mainland airport to Hawaii. This is the third expansion of the State of Hawaii's partnership with Clear and its Health Pass technology - continuing to make it safer and easier to travel to Hawaii without being subjected to a 10-day quarantine.
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KMI | Hot Stocks08:34 EDT Kinder Morgan to acquire Kinetrex Energy for $310M, sees accretion - Kinder Morgan announced it has agreed to acquire Indianapolis-based Kinetrex Energy from an affiliate of Parallel49 Equity. Kinetrex is a supplier of liquefied natural gas, or LNG, in the Midwest and a player in producing and supplying renewable natural gas, or RNG, under long-term contracts to transportation service providers. Kinetrex has a 50% interest in the largest RNG facility in Indiana as well as signed commercial agreements to begin construction on three additional landfill-based RNG facilities. Once operational next year, total annual RNG production from the four sites is estimated to be over four billion cubic feet. RNG is derived from abundant renewable sources, including organic waste in landfills, wastewater treatment plants and agricultural operations. By capturing methane produced from the decomposition of organic waste, the RNG production process reduces or eliminates greenhouse gas emissions. The transaction requires regulatory approval under Hart-Scott-Rodino and is expected to close in Q3. Members of Kinetrex's management team will be joining KMI as part of the acquisition to pursue new projects that expand their successful RNG platform. After close, Johnson will continue with KMI as president of renewable natural gas and will report to Arenivas. KMI expects the investment to be accretive to its shareholders as the three RNG facilities become operational over the next 18 months, with the purchase price and additional development capital expenditures representing less than six times expected 2023 EBITDA.
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FARO SANM | Hot Stocks08:34 EDT Faro Technologies signs agreement to outsource manufacturing to Sanmina - Faro Technologies (FARO) announced the signing of an agreement to outsource its manufacturing to Sanmina (SANM). "As the next step in our business transformation, we plan to transition FARO production from our three manufacturing sites in Lake Mary, Florida, Exton, Pennsylvania and Stuttgart, Germany to Sanmina," stated Michael Burger, President and CEO. "Following a rigorous selection process, we selected Sanmina as our partner based upon their proven ability to deliver quality products on required timelines. Together, we are confident in our ability to meet customer demand throughout the transition process." The phased transition to a Sanmina production facility is expected to be completed over the next twelve months and result in approximately $12M in annualized labor and material savings when complete. FARO believes the expected savings will have a negligible impact on 2021, followed by steady improvement through 2022, with the full benefit to be realized in the first quarter of 2023. The company expects to incur a cash charge of approximately $6M in the second half of 2021, primarily consisting of cash severance and total pre-tax charges of $15M-$20M through the first half of 2022 when including the impact of facility and other asset write-downs. With these charges, the company expects it will fully realize the $75M-$85M in restructuring charges announced in February, 2020.
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ABBV | Hot Stocks08:31 EDT AbbVie says FDA did not meet PDUFA action date for sNDA for RINVOQ - AbbVie announced the U.S. FDA did not meet the Prescription Drug User Fee Act action date for the supplemental New Drug Application for RINVOQ for the treatment of adults and adolescents with moderate to severe atopic dermatitis. Consistent with the recent update on the PDUFA action dates for RINVOQ in psoriatic arthritis and ankylosing spondylitis, the FDA cited its ongoing review of Pfizer's post-marketing study, ORAL Surveillance, evaluating tofacitinib in patients with rheumatoid arthritis. No formal regulatory action has been taken on the sNDAs for RINVOQ in atopic dermatitis, psoriatic arthritis or ankylosing spondylitis. "We remain confident in the strong efficacy data and in the safety profile for RINVOQ, and we will continue working closely with the FDA to bring the medicine to patients living with the burden of atopic dermatitis and other immune-mediated diseases," said Michael Severino, M.D., vice chairman and president, AbbVie.
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FATE | Hot Stocks08:16 EDT Fate to host virtual event on Phase 1 clinical data from FT596, FT516 programs - Fate Therapeutics announced that management will host a virtual event to highlight interim Phase 1 clinical data from its FT596 and FT516 programs for the treatment of relapsed / refractory B-cell lymphomas on August 19, 2021 at 4:30 p.m. ET.
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CVGW | Hot Stocks08:16 EDT Calavo Growers publishes annual sustainability report - Calavo Growers announced the publication of its third annual sustainability report providing an overview of the company's commitment to sustainability, social responsibility and governance, and highlighting progress made over the last year. In the report, Calavo's Chief Executive Officer James Gibson reflects on how the company's ESG initiatives were amplified by the pandemic. "While 2020 was dominated by the COVID-19 pandemic, it afforded us an opportunity to evaluate how our ESG initiatives play a key role in advancing our company as a worldwide leader in fresh produce and prepared foods and expand upon our sustainability practices." 2020 sustainability highlights include: reviewed materiality results using the "five factor test" from the Sustainability Accounting Standards Board, or SASB, and added "COVID-19 response" and "cybersecurity approach" to this year's report; undertook the first corporate carbon footprint, calculating direct and indirect greenhouse gas emissions, thereby providing a baseline starting point to measure future carbon reduction initiatives on Calavo's journey to net-zero; Calavo's Uruapan, Mexico facility received the Clean Industry Distinction by meeting all environmental requirements for waste disposal, energy consumption, water consumption and emissions to air and water.
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WDDMF | Hot Stocks08:15 EDT Entourage Health announces debut of 'ENTG' ticker on TSX Venture - Entourage Health is pleased to announce that as part of its corporate name change and rebrand from "WeedMD Inc." to "Entourage Health Corp.", the Company's common shares will continue to be publicly traded on the TSX Venture Exchange under the new ticker symbol "ENTG", with a new CUSIP number of 293861100 and ISIN number of CA2938611001. These changes are effective today at market open. In connection with the name change, the Company also confirmed its convertible debentures maturing September 25, 2022, Common Share purchase warrants expiring September 25, 2022, and Common Share purchase warrants expiring March 12, 2023, and their respective ticker symbols "ENTG.DB", "ENTG.WT", and "ENTG.WT.A", will also commence trading today on the TSXV. The new CUSIP for the Debentures is 293861AA8 and the ISIN number is CA293861AA82. The new CUSIP for the 2022 Warrants is 293861126 and the ISIN number is CA2938611266. The new CUSIP for the 2023 Warrants is 293861118 and the ISIN number is CA2938611183. No action is required by existing securityholders of the Company with respect to the name change. Outstanding Common Shares, Debentures and Warrants certificates are not affected by the name change and do not need to be exchanged.
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BIVI | Hot Stocks08:14 EDT BioVie announces article summarizing rational for Phase 3 trial of NE3107 - BioVie announced that an article summarizing the scientific rationale for the company's upcoming pivotal Phase 3 Trial of its NE3107 asset in Alzheimer's disease has been published in the medical journal Neurodegenerative Disease Management. The article, NE3107 Alzheimer's Phase III Study Rationale, Design and Therapeutic Modulation of Neuroinflammation and Insulin Resistance. In addition to presenting the design of the NM101 trial, this publication details the rationale for an anti-inflammatory insulin sensitizer in Alzheimer's disease, and elucidates the mechanism of NE3107 on the pathophysiology of Alzheimer's neurodegeneration and cognitive impairment. NE3107 has demonstrated a favorable safety profile based on chronic dosing safety studies in rats and dogs and in human clinical trials to date. BioVie plans to launch a pivotal Phase 3 trial in Alzheimer's this summer to assess how treatment with NE3107 could slow cognitive decline and improve function and behavior compared to placebo as measured by Alzheimer's Disease Assessment Scale Cognitive Subscale 12 and the Alzheimer's Disease Cooperative Study-Clinical Global Impression of Change. The study will have a number of secondary endpoints involving additional neuropsychological endpoints, glycemic control, and insulin sensitivity.
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TRIB | Hot Stocks08:13 EDT Trinity Biotech continues to expand services offered at NY reference lab - The Company continues to expand the range of services offered at its New York reference laboratory through a series of senior appointments. These appointments include a Designate Deputy Lab Director to support the laboratory's core Autoimmune testing services, as well as an additional Assistant Director with certifications of qualification previously not held at the reference lab. These appointments are designed to enable the build out of lab services into new clinical and consumer wellness markets beyond the core Autoimmune and Immunogenetic testing services on which the reference lab has established a reputation of scientific and customer service excellence over the last 10+ years. The laboratory currently provides a broad range of diagnostic services across Diagnostic Immunology, Oral Pathology, Immunogenetics and Andrology.
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TRIB | Hot Stocks08:13 EDT Trinity Biotech will not devote additional investment to UniGold SARS-CoV-2 test - In June 2021, the Company made an Emergency Use Authorisation application to the FDA for the UniGold SARS-CoV-2 rapid antibody test. The test detects IgG antibodies against the SARS-CoV-2 virus and demonstrated sensitivity of 100% and specificity of 95% during validation studies when measured against a comparator PCR method that established a confirmed prior infection. In July 2021 the FDA informed the Company that given the volume of EUA requests it has received, it is not currently prioritising this type of serological test for review and thus will not review an EUA application for the test at this time. The Company has examined other potential pathways to regulatory approval to allow US sales of this test, but it is expected that these would require significant additional investment. Due to the advent and widespread adoption of COVID-19 vaccines since this antibody test was envisaged and the focus of public health authorities on using evidence of vaccination rather than the presence of antibodies as proof of immunity, the Company now expects that the use for such tests will be limited and thus the potential revenues from the sales of this product to be minimal. Given this current limited market demand for antibody tests, the Company has decided to not devote additional investment to this test and instead is focusing its resources on the aforementioned COVID-19 antigen test for which we expect a much larger market.
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LWAC PFE | Hot Stocks08:11 EDT eFFECTOR Therapeutics announces publication of tomivosertib preclinical data - eFFECTOR Therapeutics announced the publication of data highlighting the role of eukaryotic translation initiation factor 4E, in the peer-reviewed journal Cell Reports. eIF4E is a component of the eIF4F complex, which, in conjunction with its activating kinase, triggers an increase in protein synthesis that is critical for cancer growth and immune evasion. The published research, which provides insight into the potential of eIF4E inhibition for the treatment of cancer, was conducted at the University of California, San Francisco in collaboration with eFFECTOR. The eIF4E target is the subject of eFFECTOR's collaboration with Pfizer (PFE). "This publication further validates the novel science on which eFFECTOR's platform is built," said Steve Worland, Ph.D., president and CEO of eFFECTOR. "These findings underscore eIF4E's role as a key hub for regulating cancer drivers such as mitochondrial stress, and the data showed that jointly inhibiting Bcl-xL while blocking eIF4E activation using our MNK 1/2 inhibitor tomivosertib is a promising approach for treating cancer." eFFECTOR entered into a definitive Agreement and Plan of Merger with Locust Walk Acquisition (LWAC).
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TRIB | Hot Stocks08:11 EDT Trinity Biotech in 'advanced stage' in development of SARS-CoV-2 antigen test - Trinity Biotech is at an advanced stage in the development of a SARS-CoV-2 antigen test. This test will use the Company's core lateral flow technology. The test can be run without any specialised equipment, provides a result in 12 minutes and utilises an easy-to-use anterior nasal swab sample. As the COVID-19 pandemic and associated public health responses have developed, antigen tests have continued to play an important role in the overall diagnostic response. Even as the roll out of vaccines continues, the role of antigen tests in providing assurance around active infection remains important and Trinity Biotech expects antigen testing to have a continuing place in the overall public health response to COVID-19, even as vaccinations continue.
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TRIB | Hot Stocks08:11 EDT Trinity Biotech preparing for automated manufacture of TrinScreen HIV - Trinity Biotech has been the main confirmatory test provider for the detection of the HIV virus on the African continent over many years. Trinity Biotech has developed a new product, TrinScreen HIV, specifically for the screening market, a market that is significantly larger than the confirmatory market. TrinScreen HIV has already undergone an independent evaluation sponsored by the World Health Organisation, yielding excellent results. The final part of the approval process includes WHO review of the multi-site clinical evaluation which concluded in Africa in 2020. This final part of the submission dossier was submitted to the WHO in March 2021. In June 2021, the Company received an update from the WHO on the approval process. The WHO confirmed that their screening of the submission dossier is complete and the dossier will now move forward to the final assessment phase. This is an important milestone in the approval process for TrinScreen HIV. This product, once approved, will allow the Company to build on its strong brand presence in HIV testing in Africa. The Company believes the TrinScreen HIV product has a number of key advantages compared to the current main incumbent product and expects a positive response from the WHO and the opportunity to expand its market share in the African HIV market. The Company is preparing for the automated manufacture of TrinScreen HIV at its facility in Ireland in anticipation of WHO approval.
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COMS | Hot Stocks08:09 EDT COMSovereign Holding acquires RF Engineering & Energy Resource - COMSovereign Holding announced that it has acquired RF Engineering & Energy Resource, a specialist in the design, outsourced manufacturing and distribution of ultra-high performance microwave antennas and other branded solutions for the wireless and wireline industries in the United States and Latin America. Terms of the transaction include total consideration of approximately $2.2M worth of shares of restricted common stock and $550,000 in cash.
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MEOH | Hot Stocks08:07 EDT Methanex increase quarterly dividend to 3.75c per share - Methanex Corporation announced that its Board of Directors has approved an increase in its quarterly dividend to $0.125 per share from $0.0375 per share. The increased dividend will apply to the dividend payable on September 30, 2021 to holders of common shares of record on September 16, 2021.
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ELYS | Hot Stocks08:07 EDT Elys Game Technology to debut new retail sports betting platform - Elys Game Technology announced that it will showcase its new U.S. retail sports betting platform, Elys Gameboard U.S., at the United Tote booth during the National Indian Gaming Association Trade Show being held at Caesars Palace in Las Vegas, Nevada on July 19-22.
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LMPX | Hot Stocks08:07 EDT LMP Automotive announces James Serenius as Senior Corporate Controller - LMP Automotive announced its addition of James Serenius as Senior Corporate Controller. James Serenius, a senior executive in accounting and finance with over 30 years of experience in public and private accounting has been hired as Senior Corporate Controller of LMP. Serenius will be responsible for directing and coordinating all corporate accounting operations functions and managing the accumulation and consolidation of all financial data necessary for reporting accurate and timely business and financial results. Serenius will assume the role of Senior Corporate Controller effective July 19, 2021 and report directly to CFO Robert Bellaflores.
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CELU GXGX | Hot Stocks08:06 EDT Celularity closes merger with GX Acquisition Corp., provides corporate update - Celularity (CELU) announced the closing of a merger with GX Acquisition Corp. (GXGX) and provided a corporate update. Proceeds from the transaction totaled approximately $138M, which included funds held in GXGX's trust account and a concurrent private placement investment in public equity financing led by existing Celularity shareholders. GXGX shareholders approved the transaction on July 14, 2021. The combined, publicly traded company will operate under the name Celularity, Inc., and its common stock will commence trading on the Nasdaq Capital Market on July 19, 2021, under the ticker symbol "CELU." Celularity's management team will continue leading the merged company following this transaction. Pipeline and Clinical Updates: Celularity Announces Expansion of Human Placental Hematopoietic Stem Cell Derived Natural Killer Cells Phase 1 Trial in Patients with Acute Myeloid Leukemia: Celularity expanded its ongoing Phase 1 clinical trial of CYNK-001 in patients with acute myeloid leukemia to include patients with relapsed/refractory AML in addition to its ongoing trial in MRD. Of the findings to date, no dose limiting toxicity was observed with outpatient administration of three doses at total dose levels of 1.8, 3.6 and 5.4 billion CYNK-001 cells, respectively. Additionally, the company reported positive results from a single patient enrolled in the study who received a total of 5.4 billion CYNK-001 cells in the outpatient setting without experiencing dose limiting toxicity and experienced conversion from MRD positive to MRD negative on bone marrow exam and had good risk cytogenetics, NPM-1 positive FLT-3 negative AML. The U.S. Food and Drug Administration granted Orphan Drug Designation to Celularity's CYNK-001, a non-genetically modified cryopreserved human placental hematopoietic stem cell-derived natural killer cell therapy, for the treatment of patients with malignant gliomas. CYNK-001 is currently being investigated in a Phase 1 clinical trial for the treatment of patients with glioblastoma multiforme, an indication within the scope of this orphan designation. Celularity received a positive recommendation from the independent Data Monitoring Committee to continue the advancing the company's Phase 1/2 COVID-19 trial assessing CYNK-001 in patients with the disease. In the first assessment, there was no evidence of dose-limiting toxicities or evidence of worsening of inflammatory biomarkers. Enrollment is ongoing in the multi-center clinical study with active sites in Arizona, Arkansas, California, New Jersey and Washington.
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MEOH | Hot Stocks08:05 EDT Methanex restarts construction on Geismar 3 project, increases dividend - Methanex announced that its board of directors unanimously approved two key decisions aligned with its capital allocation priorities: a restart of construction on the company's advantaged Geismar 3 project, and a reset of the quarterly dividend to12.5c per share from 3.75c per share. John Floren, President & CEO of Methanex, commented, "We are very pleased to announce these important steps that we believe will deliver long-term value to our shareholders. The timing is right to restart construction on our Geismar 3 project as the methanol industry outlook is positive, we have a strong financial position to fund the project and the project has been significantly de-risked and is well positioned to be completed on-time and on budget. Geismar 3 will strengthen our asset portfolio as it will be one of our lowest cost plants, with access to abundant and low-cost natural gas and have one of the lowest CO2 emissions intensity profiles in the industry. We expect our future cash generation capability will be enhanced by Geismar 3, a unique project with significant capital and operating cost advantages. Geismar 3 is our only major growth capital project expected over the next few years. We are pleased to announce an increase in our dividend, and we expect that Geismar 3 will support a substantial increase in our shareholder distribution potential in the years to come." Commercial operations for the Geismar 3 construction facility are targeted for the end of 2023 or early 2024.
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CNTY | Hot Stocks08:03 EDT Century Casinos reports developments at Century Casino Caruthersville, Missouri - Century Casinos announced the latest developments at Century Casino Caruthersville in Missouri. Efforts to change a Missouri law that required each casino to be a "floating facility" have been successful. Going forward, the Missouri Gaming Commission will have the ability to approve a casino facility that is built as a standard building as long as it also includes a container with at least 2,000 gallons of water beneath the facility. This change opens the opportunity for Century Casino Caruthersville, which is the last remaining riverboat casino on open water in Missouri, to move to a non-floating facility. The company also purchased parcels of land between land already leased by the company and the land-based Pavilion building, which contains a restaurant, multifunctional spaces and an entrance to the walkway to the riverboat casino. The purchases also come with a small, existing two-story hotel. The land purchases provide strategic options for the future casino and hotel development and better access to parking. The company has already started working with a renowned architecture firm to develop plans for the new casino and hotel facility. The company will refurbish the existing hotel with the goal to reopen it with 36 rooms by early 2022. There is currently no other hotel situated in downtown Caruthersville. The number of available casino licenses in Missouri remains capped at 13, and casino facilities are still required to be located within 1,000 feet of the Mississippi or Missouri rivers. The company's two casinos in Missouri, Century Casino Caruthersville and Century Casino Cape Girardeau, operate 1,365 slot machines and 32 table games and generated 43% of the company's net operating revenue and 104% of the company's Adjusted EBITDA in Q1.
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HOFV | Hot Stocks08:02 EDT Hall of Fame Resort & Entertainment announces return of NFL Alumni Academy - Hall of Fame Resort & Entertainment announced that after a first season that saw 26 of its participants either receive workouts or sign contracts with NFL franchises, the NFL Alumni Academy will return this year. The academy, led by elite NFL Alumni players and coaches, is the first-ever development and training program for aspiring professional football players, and is based out of the Tom Benson Hall of Fame Stadium.
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BURL ROST | Hot Stocks07:40 EDT Burlington Stores appoints Travis Marquette as President and COO - Burlington Stores (BURL) announced that Travis Marquette has been appointed as the company's new President and Chief Operating Officer, overseeing and managing the company's stores, real estate, supply chain and information technology functions. Marquette is expected to commence employment with the company on or about October 4, 2021 but in any event no later than October 31, 2021. Marquette most recently served as the Executive Vice President and Chief Financial Officer of Ross Stores (ROST) from March 2021 through his resignation in July 2021, the company noted in a regulatory filing last night.
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STT | Hot Stocks07:37 EDT State Street increases quarterly dividend, authorizes $3B share repurchase plan - O'Hanley added: "The results of the recent supervisory stress test is yet another testament to the strength and resiliency of our business model. Starting in the third quarter, we have announced an increase to our common stock dividend by 10% to $0.57 per share and our Board has authorized a common share repurchase program of up to $3 billion through 2022."
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LIZI | Hot Stocks07:33 EDT Lizhi announces partnership with Xinghe Zhilian Automotive Technology - LIZHI announced that it has inked a partnership with Xinghe Zhilian Automotive Technology to integrate LIZHI's audio products into Xinghe Zhilian's in-car communications and entertainment network. Xinghe Zhilian provides auto companies with integrated intelligent cockpit solutions, artificial intelligence technology, and digital tools. "We are pleased to collaborate with Xinghe Zhilian Automotive Technology Co., Ltd. to further apply LIZHI's audio products to more in-car scenarios and further boost the application of LIZHI's audio technology in vehicles through Xinghe Zhilian's IoV network," said Jinnan Lai, Founder and Chief Executive Officer of LIZHI.
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AXON | Hot Stocks07:31 EDT Virginia Beach Police Department signs 10-year contract with Axon - Axon announced that the Virginia Beach Police Department has signed a 10-year contract with Axon to deploy TASER 7 energy weapons and body-worn cameras as a part of the Officer Safety Plan 7+ Premium bundle. Virginia Beach, VA, a Major Cities Chiefs Association member, is the 55th MCCA agency to have joined the Axon Network. Axon's OSP 7+ includes TASER 7 devices, Axon Body 3 cameras as well as streamlined management, storage and sharing of all digital evidence with Axon Evidence. The plan also includes the full complement of software, including time saving tools like Auto-tagging services, Redaction Assistant, Axon Performance and Axon Citizen for Communities. With the Premium add-on, Virginia Beach PD will also implement Axon's VR Training into their current training curriculum.
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XELA | Hot Stocks07:31 EDT Exela Technologies announces listing of option contracts on NYSE Arca - Exela Technologies announced that NYSE Arca has launched options trading in XELA. Trading is expected to begin July 16, 2021.
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GSK | Hot Stocks07:15 EDT GSK reports 'positive' headline results from five Phase 3 studies of daprodustat - GlaxoSmithKline announced "positive headline results" from five studies of the Phase 3 ASCEND program, evaluating the efficacy and safety profile of daprodustat, an investigational oral hypoxia-inducible factor prolyl hydroxylase inhibitor, or HIF-PHI, for patients with anemia due to chronic kidney disease, or CKD. The ASCEND program showed that daprodustat met its primary efficacy endpoint in each study, demonstrating an improvement in hemoglobin levels in untreated patients and maintaining Hgb levels in patients treated with an erythropoietin stimulating agent, a standard treatment option, in patients with anemia of CKD. In addition, the key cardiovascular outcomes studies for non-dialysis and dialysis patients demonstrated that daprodustat was non-inferior when compared to an ESA in the risk of Major Adverse Cardiovascular Events, or MACE, the co-primary endpoint of both studies. In addition to the ASCEND-D and ASCEND-ND studies, the program also included studies focused on incident dialysis, for patients just starting dialysis; quality of life measures; as well as three-times weekly dosing regimens. Each of the studies from the program met its respective primary or co-primary endpoint(s). The program enrolled over 8,000 patients who were treated for up to 3.75 years. The full results of the studies will be presented at a forthcoming medical meeting later this year and will be used to inform regulatory pathways with health authorities worldwide. Dr. Hal Barron, Chief Scientific Officer and President R&D, GSK, said: "I am particularly pleased with the results from the ASCEND-ND and ASCEND-D studies given the importance of managing cardiovascular outcomes for patients who are currently suffering from anemia due to chronic kidney disease, as well as the need to provide a convenient, oral treatment option. We will continue to analyze the data from the robust phase 3 ASCEND programme and look forward to working closely with regulators as we plan for our submissions."
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APEN ATEC | Hot Stocks07:09 EDT Apollo Endosurgery appoints Jeffrey Black as CFO - Apollo Endosurgery (APEN) announced the hiring of Jeffrey Black as CFO. Black has served as CFO for a variety of publicly-traded companies in the medical device, diagnostics, life sciences, technology and industrial biotech industries. Black brings 30 years of experience to Apollo Endosurgery. Most recently, he served as CFO at Alphatec (ATEC).
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SIX | Hot Stocks07:06 EDT Six Flags offers another round of $500-$1,000 employee bonuses - Six Flags is offering another cash bonus package. Seasonal team members who work through October 31, can earn up to an additional $500-$1,000 or more with a 10% bonus for wages earned from July through September and a 15% bonus for wages earned in October.
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ATMR | Hot Stocks07:03 EDT Fathom Digital to go public via merger with Altimar Acquisition Corp. II - Fathom Digital Manufacturing and Altimar Acquisition Corp. II announced that they have entered into a definitive business combination agreement pursuant to which Fathom and Altimar will combine, and after which Fathom will become a publicly-traded company. Upon completion of the transaction, the combined company expects to be listed on the New York Stock Exchange. Fathom is majority-owned by CORE Industrial Partners, a Chicago-based private equity firm focused exclusively on investing in North American manufacturing, industrial technology and services businesses. Headquartered in Hartland, Wisconsin, Fathom has over 35 years of industry expertise and leadership in on-demand digital manufacturing solutions. Upon the closing of the proposed transaction, Fathom's senior management will continue to serve in their current roles. Fathom will continue to be led by Chief Executive Officer, Ryan Martin. Mark Frost and Rich Stump will continue as Chief Financial Officer and Chief Commercial Officer, respectively. Following the transaction, TJ Chung, Senior Partner at CORE, who has served on several public company boards, will continue to serve as Chairman. The transaction is valued at a pro forma enterprise value of $1.5B. The acquisition will be funded through a combination of ATMR's cash in trust and an $80M fully committed common stock PIPE at $10.00 per share. The boards of directors of both Fathom and ATMR have unanimously approved the proposed transaction and it is expected to close later this year, subject to customary closing conditions, including a registration statement being declared effective by the SEC and approval of ATMR's shareholders.
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EFC | Hot Stocks07:03 EDT Ellington Financial reports book value per share $18.47 as of June 30 - Ellington Financial announced its estimated book value per common share of $18.47 as of June 30. This estimate includes the effect of the previously announced monthly dividend of 15c per common share, payable on July 26 to holders of record on June 30 with an ex-dividend date of June 29.
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CIGI | Hot Stocks07:02 EDT Colliers International announces Normal Course Issuer Bid - Colliers International Group announced that the Toronto Stock Exchange has accepted a notice filed by Colliers of its intention to make a normal course issuer bid with respect to its outstanding subordinate voting shares. The notice provides that Colliers may, during the twelve month period commencing July 20, 2021 and ending no later than July 19, 2022, purchase through the facilities of the TSX, alternative Canadian Trading Systems or The NASDAQ Stock Market up to 3,200,000 Subordinate Voting Shares in total, being 9.7% of the 32,708,670 shares comprising the "public float" as of July 5, 2021 of such class of shares. Purchases of Subordinate Voting Shares through Nasdaq will be made in the normal course and will not, during the twelve month period ending July 19, 2022 exceed, in the aggregate, 5% of the outstanding Subordinate Voting Shares as at the commencement of the NCIB. The price which Colliers will pay for any such shares will be the market price at the time of acquisition. During the period of this NCIB, Colliers may make purchases under the NCIB by means of open market transactions or otherwise as permitted by the Ontario Securities Commission, Canadian Securities Administrators and/or Nasdaq. The actual number of Subordinate Voting Shares which may be purchased pursuant to the NCIB and the timing of any such purchases will be determined by senior management of Colliers. The average daily trading volume on the TSX from January 1, 2021 to June 30, 2021 was 53,602 Subordinate Voting Shares. Daily purchases under the NCIB will be limited to 13,400 Subordinate Voting Shares, other than block purchases. All shares purchased by Colliers under the NCIB will be cancelled. As of July 5, 2021, there were 42,658,300 Subordinate Voting Shares and 1,325,694 multiple voting shares of Colliers outstanding. Colliers may purchase its Subordinate Voting Shares, from time to time, if it believes that the market price of its Subordinate Voting Shares is attractive and that the purchase would be an appropriate use of corporate funds and in the best interests of Colliers. Colliers' previous NCIB authorized the purchase of up to 3,000,000 Subordinate Voting Shares and expires on July 19, 2021. As of the date hereof, Colliers has not purchased any of its Subordinate Voting Shares under this NCIB.
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ATMR | Hot Stocks07:01 EDT Fathom Digital to go public via merger with Altimar Acquisition Corp. II
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BMY | Hot Stocks07:00 EDT Bristol-Myers says CheckMate -651 trial did not meet primary endpoints - Bristol Myers Squibb announced an update on the Phase 3 CheckMate -651 trial comparing Opdivo (nivolumab) plus Yervoy (ipilimumab) to the EXTREME regimen as a first-line treatment in platinum-eligible patients with recurrent or metastatic squamous cell carcinoma of the head and neck. Although Opdivo plus Yervoy showed a clear, positive trend towards overall survival in patients whose tumors express PD-L1 with a combined positive score greater than or equal to 20, the study did not meet its primary endpoints. The safety profile of Opdivo and Yervoy in this trial was consistent with previously reported studies in solid tumors. "Numerous studies have shown long-term survival improvements with the Opdivo plus Yervoy combination across various tumor types, bringing benefit to patients around the world," said Abderrahim Oukessou, M.D., vice president, thoracic cancers, development lead, Bristol Myers Squibb. "In the CheckMate -651 trial, Opdivo plus Yervoy showed a positive overall survival trend relative to EXTREME in patients with squamous cell carcinoma of the head and neck whose tumors express PD-L1, despite the control arm performing better than expected based on historical data. We are disappointed that these results did not reach statistical significance, and we remain committed to advancing research and supporting patients with this difficult-to-treat cancer."
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FHN | Hot Stocks06:48 EDT First Horizon reports Q2 net interest margin 2.47% vs. 2.90% a year ago - Compared to 2.63% in Q1.
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FHN | Hot Stocks06:46 EDT First Horizon reports Q2 adjusted ROTCE of 22.2% - Reports tangible book value per share of $10.74 up 4% from Q1.
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FHN | Hot Stocks06:45 EDT First Horizon CEO says 'seeing increasing loan pipeline growth' - "We demonstrated solid performance in the quarter with net income available to common shareholders of $295 million reflecting the benefit of improving overall economic conditions and credit quality, our diversified business model, and strong focus on execution despite challenging conditions across the banking industry," said President and CEO Bryan Jordan. "We remain focused on controlling the things we can control including expenses and deposit pricing and making investments that drive future growth. We are seeing increasing loan pipeline growth and expect demand and economic growth to pick up in the back half of the year as the economy continues to normalize." "It has been a little more than a year since we closed our merger with IBERIABANK," Jordan continued, "I am extremely pleased with the progress we have made bringing two companies together and proud of our associates for their extraordinary efforts and unwavering commitment to our clients, communities and company."
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DPW | Hot Stocks06:31 EDT Ault Global Holdings forms unit to invest in commercial real estate - Ault Global Holdings announced that it has formed Ault Global Real Estate Equities, a Nevada corporation, to invest in commercial real estate, targeting the middle-market segment in the Unites States. AGREE has appointed Christopher Wu as its CEO to lead this strategy.
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F... | Hot Stocks06:30 EDT EU passenger car registrations up 10.4% in June - In June, passenger car registrations in the European Union increased 10.4% compared to the same month last year, "albeit at a more modest rate than in previous months," reported the European Automobile Manufacturers Association. "Over the first half of 2021, EU demand for new cars grew by 25.2% to reach almost 5.4 million units registered in total. However, this is still 1.5 million units below the pre-COVID volume recorded over the first six months of 2019," the group added. Publicly traded automakers include Daimler AG (DDAIF), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).
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GSK | Hot Stocks06:15 EDT GlaxoSmithKline poised to create 5,000 new jobs at new UK hub - GSK has announced that it has formally started the process of seeking a development partner to transform land within the company's existing 92-acre Research & Development site in Stevenage into one of Europe's largest 'clusters' for biotechnology and other early-stage life science companies. As part of proposals, GSK is looking to sell the 33 acres of land, with an aim to subsequently unlock up to GBP400M in new investment from a private sector developer to build the new campus and potentially create up to 5,000 highly-skilled jobs, over the next five to ten years. The company expects to select a development partner later this year, with a view for work to begin on master planning for the new campus in 2022. Reference Link
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SQ | Hot Stocks06:07 EDT Square creating bitcoin-inspired financial services business, Dorsey says - Square CEO Jack Dorsey said via Twitter on Thursday: "Square is creating a new business (joining Seller, Cash App, & Tidal) focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services. Our primary focus is #Bitcoin. Its name is TBD. Like our new #Bitcoin hardware wallet, we're going to do this completely in the open. Open roadmap, open development, and open source. @brockm is leading and building this team, and we have some ideas around the initial platform primitives we want to build. How is this different from @SqCrypto? Square doesn't give direction to @SqCrypto, only funding. They chose to work on LDK, and are doing an incredible job! TBD will be focused on creating a platform business, and will open source our work along the way." Reference Link
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BKNG | Hot Stocks06:02 EDT DoD, Priceline expand American Forces Travel site - The United States Department of Defense, or DoD, officially announced the expansion of American Forces Travel, a leisure travel site created with Priceline, part of Booking Holdings, for current and retired members of all six branches of the U.S. military, the National Guard, and their families, along with DoD civilians. The program's expansion extends benefits to all Veterans of the United States Armed Forces with a discharge status of honorable or general under honorable conditions, allowing an additional 16M users access to the full-service travel booking platform.
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FUBO | Hot Stocks06:02 EDT FuboTV, Cordish complete market access agreement in Pennsylvania - Fubo Gaming, a subsidiary of FuboTV, and The Cordish Companies announced the completion of a market access agreement for the forthcoming mobile Fubo Sportsbook in Pennsylvania. Fubo Gaming's agreement with The Cordish Companies provides for state-wide mobile access for both sports betting and internet gaming. The launch of Fubo Sportsbook in Pennsylvania is subject to obtaining requisite regulatory approvals. "Through Fubo Sportsbook, fuboTV intends to integrate gaming with its expansive live sports offering for a seamless user experience enabling consumers to wager while they watch," the company said.
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RVI | Hot Stocks05:53 EDT Retail Value sells remaining assets located in Puerto Rico for $550M - Retail Value disclosed yesterday morning that July 13, the general due diligence period expired under the purchase and sale agreement, by and among Retail Value and RVT PR Mezz Borrower 1 LLC, a wholly-owned subsidiary of the company, and Kildare Acquisitions US. Pursuant to the agreement, the sellers have agreed to sell to the purchaser all of their interests in the limited liability companies that own all of Retail Value's remaining assets located in Puerto Rico for $550M in cash. Closing of the transaction is expected to occur by the end of Q3 of 2021. Retail Value anticipates utilizing a portion of the net proceeds from the transaction to repay the entire balance of the mortgage loan, as required under the mortgage agreement. At June 30, the outstanding principal amount of the mortgage loan was approximately $214.5M.
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AXNX | Hot Stocks05:47 EDT Axonics issues recall on Bulkamid for lack of sterility assurance - The FDA posted on its website last night that on June 3, Axonics issued "Medical Device Recall" for Bulkamid, Urethral Bulking System. The reason for the Class 2 recall is a "lack of sterility assurance" as a "needle in procedure pack labeled as sterile may not have been adequately sterilized." Reference Link
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BTG | Hot Stocks05:32 EDT B2Gold says will meet or exceed FY21 gold production of 970,000-1.03M ounces - For FY21, B2Gold is on track to meet or exceed the upper end of its total gold production forecast of between 970,000-1,030,000 ounces with total consolidated forecast cash operating costs of between $500-$540 per ounce and total consolidated all-in sustaining costs of between $870-$910 per ounce. Based on current assumptions, including a gold price of $1,800 per ounce, the company expects to generate cashflows from operating activities of approximately $630M for FY21.
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BTG | Hot Stocks05:29 EDT B2Gold reports Q2 gold production 211,612 ounces - Total gold production in Q2 was 211,612 ounces, above budget by 5%, and consolidated gold production was 197,380 ounces from the company's three operating mines, above budget by 5% as well. Consolidated gold revenue in Q2 was $363M on sales of 200,071 ounces at an average price of $1,814 per ounce.
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ERIC VZ | Hot Stocks05:27 EDT Ericsson, Verizon enter multi-year $8.3B 5G deal - Ericsson (ERIC) announced a landmark multi-year agreement with Verizon (VZ) to provide its 5G solutions to accelerate the deployment of Verizon's 5G network in the U.S. Under this $8.3B agreement, Verizon will deploy Ericsson's 5G MIMO C-band, low-band and millimeter wave, or mmWave, solutions to enhance and expand Verizon's 5G Ultra Wideband coverage, network performance and user experience. Niklas Heuveldop, president and head of Ericsson North America, says: "This is a significant strategic partnership for both companies and what we're most excited about is bringing the benefits of 5G to U.S. consumers, enterprises and the public sector. We're looking forward to working with Verizon to leverage solutions like Cloud RAN and our Street Macro, adding depth and versatility to 5G network rollouts across the U.S."
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DADA | Hot Stocks05:24 EDT Dada Nexus announces over 1,500 Favor Pets stores to launch on JDDJ - Dada Group and Favor Pets announced that they have established the strategic partnership to provide consumers with one-hour delivery service of pet supplies. Over 1,500 Favor Pets' stores will launch on JDDJ, the on-demand retail platform of Dada Group. Jiawei Zhang, GM of fashion business department at JDDJ, and Anchun Li, founder and GM of Favor Pets, signed a strategic cooperation agreement in Beijing on July 12.
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J | Hot Stocks05:17 EDT Jacobs awarded $50M for program to construct rail link between Oxford, Cambridge - Jacobs has been appointed as the East West Rail program partner, providing an integration role across a supply chain during the three-year development phase of this program to construct a new rail link between Oxford and Cambridge. As program partner, Jacobs unites skills and best practice to drive opportunities for program innovation and outcome-focused benefits for the communities in the region. East West Rail estimates the contract value at $50M over three years.
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GLG | Hot Stocks05:14 EDT TD Holdings enters LOI to acquire Jinbochuang, Jinmeike - TD Holdings announced that it has entered into a non-binding letter of intent, or LOI, with Guangdong Jinbochuang and Hunan Jinmeike and their shareholders to acquire both Jinbochuang and Jinmeike to step into the unmanned logistics and new energy vehicle industry. Pursuant to the LOI, the company agreed to acquire 100% of the equity interests of Jinbochuang and Jinmeike in exchange for certain amount of shares of common stock of the company be determined based on the company's due diligence and the parties negotiation. Management expects the acquisition will complete within 180 days from the date of the LOI assuming satisfactory due diligence and the parties can enter into definitive agreement. Either party to the LOI may terminate the LOI unilaterally. As the transaction proceeds, the company will publicly disclose required information either through press releases or SEC filings, as appropriate. Completion of the transaction is subject to due diligence investigations by the relevant parties, the negotiation and execution of a definitive share exchange agreement, satisfaction of the conditions negotiated therein including the approval of the company's board of directors, approval by Nasdaq of the listing of shares issued in the transaction, and the satisfaction of other customary closing conditions.
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XOM | Hot Stocks05:11 EDT Exxon Mobil to participate in Acorn carbon capture, storage project in Scotland - ExxonMobil has signed a memorandum of understanding to participate in the recently announced Acorn carbon capture and storage project, or CCS, in Scotland. The project plans to capture and store approximately 5M-6M tons of CO2 per year by 2030 from gas terminals at the St Fergus complex at Peterhead, Scotland, which includes ExxonMobil's joint venture gas terminal. The Acorn Project has the potential to provide more than half of the 10M tons per year of CO2 storage the UK government is targeting, and when expanded has the potential to store more than 20M tons of CO2 emissions per year by the mid-2030s. ExxonMobil also said it has joined NECCUS, an alliance of industry, government and academic experts committed to reducing carbon emissions from industrial facilities in Scotland. ExxonMobil's membership will help the alliance explore the potential of technology-driven solutions to reduce emissions by drawing on the company's experience with carbon capture and storage. NECCUS members include the Scottish government, four Scottish universities and several industry partners.
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