Stockwinners Market Radar for July 20, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
KRKNF | Hot Stocks19:21 EDT Kraken Robotics to acquire PanGeo in up to $23M deal - Kraken Robotics announced that it has signed a definitive share purchase agreement whereby Kraken Robotics Systems Inc., a wholly-owned subsidiary of Kraken, will acquire all of the issued share capital of PGH Capital Inc. on substantially similar terms to those set out in the non-binding letter of intent dated April 8, 2021, and disclosed in the Company's press release dated April 9, 2021. PGH Capital operates its business through its subsidiaries, PanGeo Subsea Inc. and PanGeo Subsea Scotland Limited. PanGeo is a private Canadian services company specializing in high-resolution 3D acoustic imaging solutions for the sub-seabed with offices in St. John's, Newfoundland and Aberdeen, United Kingdom. PanGeo's assets consist primarily of human capital, know-how and equipment comprised mostly of sub bottom imaging units and acoustic imaging units that are used to provide sub-seabed survey services. The aggregate purchase price for PanGeo is up to $23M. Completion of the PanGeo Transaction is subject to certain closing conditions including all required regulatory and stock exchange approvals and the completion of a financing for gross proceeds of not less than $10M within 30 days of execution of the PanGeo Agreement. The PanGeo Transaction is expected to occur within 30 days of execution of the PanGeo Agreement.
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CCOEY NTDOY | Hot Stocks19:11 EDT Capcom says 'Monster Hunter Stories 2' has shipped over 1M units globally - Capcom (CCOEY) announced that role-playing game "Monster Hunter Stories 2: Wings of Ruin" has shipped over 1M units worldwide since its release earlier this month. The game is available on PC and Nintendo Switch (NTDOY). Reference Link
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BFC | Hot Stocks18:54 EDT Bank First National declares special one-time cash dividend of 29c per share - Payable on October 6 to shareholders of record as of September 22. The special dividend was declared in response to record earnings in recent quarters which has resulted in a declining dividend payout ratio. The one-time nature of this dividend allows for flexibility moving forward if capital is required for other strategic initiatives of Bank First.
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NFLX | Hot Stocks18:36 EDT Netflix views all devices it serves as possible platforms for gaming - Says views all devices it serves to be potential portals for gaming experiences. Says will keep innovating in that space. Sees "rich opportunity" to advance technical capability and improve quality of game experiences it can offer on a range of devices. Says taking "experimental" approach to space.
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NFLX | Hot Stocks18:32 EDT Netflix says video game expansion will be 'multi-year effort' - Says video game entry an extension of core entertainment offering. Says believes it has opportunity to add more entertainment value to members through gaming. Says it will be a multi-year effort. Says hoping to provide offering that is different from what other gaming platforms can provide, starting with IP. Says won't sell ads in video games on Netflix. Says won't offer in-game purchases for games. Says subscription model yields opportunities to focus on game experiences that are underserved by other major platforms. Says "many game developers" like that concept and purpose.
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RIO | Hot Stocks18:27 EDT Rio Tinto, Bougainville community agree to assess legacy impact of Paguna mine - The company states: "Rio Tinto and Bougainville community members, represented by the Human Rights Law Centre, have reached an agreement to identify and assess legacy impacts of the former Panguna copper mine in Bougainville. This follows several months of constructive discussions facilitated by the Australian OECD National Contact Point. A joint committee of stakeholders will be formed to oversee a detailed independent assessment of the Panguna mine to identify and better understand actual and potential environmental and human rights impacts of the mine which ceased operating in 1989."
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XM | Hot Stocks18:21 EDT Qualtrics CEO: Q2 was an outstanding quarter for us - In an interview on CNBC's Mad Money, Zig Serafin said, "we are building the company for long-term durable growth."
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NFLX | Hot Stocks18:18 EDT Netflix says 20% penetrated in broadband homes worldwide - Says will continue to use share repurchases. Says 20% penetrated in global broadband homes. Says only 10% penetrated in broadband homes in APAC region.
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ALPMY | Hot Stocks18:13 EDT FDA expands indication for Astellas Pharma's PROGRAF - Astellas Pharma announced that the U.S. Food and Drug Administration has approved its supplemental New Drug Application for PROGRAF for the prevention of organ rejection in adult and pediatric lung transplant recipients. "We are pleased with this FDA approval and the Agency's continued recognition of PROGRAF, which was first approved for liver transplant recipients nearly three decades ago," said Salim Mujais, Senior Vice President, Therapeutic Area Head, Medical Specialties, Astellas. "The current approval expands the indications for PROGRAF from liver, kidney and heart transplants to adult and pediatric patients who receive a lung transplant in combination with other medicines to help prevent organ rejection."
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NFLX | Hot Stocks18:10 EDT Netflix still feeling 'drag' in terms of acquisition growth - Says quarter played out "pretty much as expected." Says churn is down relative to same period in 2019. Says still feeling "drag" in terms of acquisition growth. Says hopes company is at tail end of "COVID choppiness." Says "heavily back-weighted" for this year in terms of new content. Says animated film "Mitchells vs. The Machines" was a "nice hit" in the quarter. Says underlying business metrics "healthy." Comments taken from Q2 earnings interview.
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ADSK | Hot Stocks18:00 EDT Autodesk confirms ending deal talks with Altium - Autodesk announced that it has terminated discussions to acquire Altium Limited. "Autodesk has a long track record of disciplined strategic acquisitions," said Andrew Anagnost, CEO of Autodesk. "While we did verbally improve our initial proposal, we were unable to agree on the basis to advance discussions. We respect the leadership team at Altium and wish them the best with their business."
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T SNAP | Hot Stocks17:57 EDT Snapchat users can now watch HBO Max programming with Snap Minis - "Beginning to roll out today, Snapchatters in the U.S. can watch select episodes of award-winning HBO Max programming virtually alongside their friends for free through Snap (SNAP) Minis, Snap's platform for shared experiences on Snapchat, including the first episode of the hit new Max Original, "Gossip Girl." HBO Max is the first major streamer to build a Mini to bring full-length episodes to Snapchat, building on its history of innovation to reach new audiences and engage with fans. The HBO Max Mini launches instantly in Snapchat with no installation required, offers age-appropriate episodes based on the user's age, and is available on iOS and Android. Snapchatters will be able to access watch groups that are viewing episodes with an age-appropriate rating. Through Snapchat's HBO Max Snap Mini, Snapchatters can watch a selection of content from the beloved HBO Max catalog through shared playback, while chatting and sharing Bitmoji reactions. This partnership provides an additional avenue for people to congregate around and forge meaningful relationships with culture-defining shows," said Warner Media in a statement. The Fly notes that HBO Max is part of WarnerMedia, an AT&T (T) unit. Reference Link
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ESTE | Hot Stocks17:36 EDT Earthstone Energy raises FY21 capex outlook to $130M-$140M from $90M-$100M - Sees Q2 oil and gas sales volume of 2.07MMBE or an average of 22,716 BOE/D. CEO Robert Anderson says: "With our increased production base, cash flow and economic drilling inventory, the addition of a second rig will further develop our growing drilling inventory, primarily impacting production volumes in 2022 and beyond. Our updated capital program is designed to allow spending within cash flow and is expected to generate significant free cash flow in 2021. We look forward to fully integrating the Tracker Acquisition assets in the coming months and expect a similarly smooth integration as we achieved with the IRM assets acquired in January. We recently finished drilling operations on our initial pad on the IRM assets ahead of schedule and under our estimated costs. As we move forward, we will continue to focus on cost-efficient drilling and completion operations as we look to create value through the drillbit."
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MODV | Hot Stocks17:35 EDT ModivCare appoints Jonathan Bush as general counsel, Kenneth Shepard as CAO - ModivCare announced that, effective immediately, Jonathan Bush has been promoted to senior VP, general counsel and secretary, and Kenneth Shepard has been promoted to VP, chief accounting officer, or CAO. Bush has over two decades of in-house and law firm experience in M&A, securities regulation, corporate finance, corporate governance, private equity, restructurings, healthcare regulation, and compliance.
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SNBR | Hot Stocks17:21 EDT Sleep Number sees 2021 operating margin expansion of at least 300bps vs. 2019
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LMT | Hot Stocks17:20 EDT Lockheed Martin awarded $231.4M Navy contract modification - Lockheed Martin was awarded a $231.4M firm-fixed-price modification to a previously awarded contract to definitize the initial award, and procure an additional 70 MK41 Vertical Launching System modules and ancillary equipment for DDG 51-class destroyers and FFG 62-class frigates. This contract modification combines purchases for the U.S. government; the Commonwealth of Australia and Spain under the Foreign Military Sales, or FMS, program. Work is expected to be completed by July 2025. FY21 shipbuilding and conversion funds in the amount of $91.65M; FY20 shipbuilding and conversion funds in the amount of $91.65M; FMS Australia funds in the amount of $30.69M and FMS Spain funds in the amount of $17.42M will be obligated at time of award and will not expire at the end of the current fiscal year. The Naval Sea Systems Command is the contracting activity.
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PNFP | Hot Stocks17:18 EDT Pinnacle Financial reports Q2 net interest margin 3.08% vs. 2.87% last year
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SNBR | Hot Stocks17:14 EDT Sleep Number CEO says well positioned for another year of growth
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SNBR | Hot Stocks17:13 EDT Sleep Number CEO says company made progress addressing component shortages - Says first available delivery date is now three weeks. Says SleepIQ has increased engagement with customers. Says on track to benefit from about 50 new stores which should contribute 5 percentage points of growth in the second half of 2021. Comments taken from Q2 earnings conference call.
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ISRG | Hot Stocks17:06 EDT Intuitive Surgical raises FY21 procedure growth view to 27%-30% from 22%-26% - Sees FY21 gross profit margin 70.5%-71.5% of revenue. Sees FY21 operating expenses up 17%-21%. Sees FY21 second half tax rate 21%-22%. Says patients are starting to return to screening and diagnostic testing. Says European procedure growth was health, but varied by country. Says focused on customer support, execution of launches and regional performance. Says China procedure growth was far higher than other regions. Says working to secure supply to fulfill customer demand. Says supply chain shortages may lead to higher production costs. Says Q2 spending was below expectations, mostly due to impacts from COVID-19. Comments and guidance taken from Q earnings conference call.
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LOWLF | Hot Stocks17:06 EDT Lowell Farms starts processing third-party cannabis at new Salinas facility - Lowell Farms has begun accepting third-party cannabis for processing at its newly-commissioned and fully operational processing facility in the Salinas Valley. The inaugural batch of cannabis was accepted for processing on July 19, and is a major milestone for Lowell Farms, which acquired the facility in the latter part of June. Since announcing, there has been an outpour of requests and interest from other cultivators and farmers, allowing the team to show results right from the launch and onward, the company said.
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VNO | Hot Stocks16:56 EDT Vornado to increase ownership interest in One Park Ave. to 100% - Vornado Realty Trust announced that, pursuant to a right of first offer, it has agreed to acquire Canada Pension Plan Investment Board's 45% interest in One Park Avenue, increasing Vornado's ownership interest to 100%. The purchase price values the property at $875M. The consideration to CPP Investments is approximately $158 million in cash plus Vornado is assuming CPP Investments' share of the existing debt. The property is currently encumbered by $525M of debt, which bears interest The purchase is expected to close in Q3 of 2021, subject to customary closing conditions.
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BAC... | Hot Stocks16:50 EDT Square debuts Square Banking for small businesses - "Square launches Square Banking, a suite of financial products purpose-built to help small business owners easily manage their cash flow and get more out of their hard-earned money. Coming on the heels of Square's industrial bank, Square Financial Services, beginning operations in March, Square Banking represents a major milestone in Square's continued efforts to expand access to financial tools for underbanked populations and marks the beginnings of the company's journey to provide more banking solutions to small businesses...Square Banking consists of three core products designed to help small business owners confidently manage cash flow stress: two new deposit accounts, Square Savings and Square Checking, join Square's existing lending capability, now called Square Loans. By offering essential banking tools that work seamlessly with Square's ecosystem of solutions like payments and Square Payroll, sellers now have a single home for their entire business, gaining a unified view of their payments, account balances, expenditures, and financing options," said the company, in a blog post. Publicly traded companies in the banking space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Other companies in payroll services include ADP (ADP) and Paychex (PAYX). Reference Link
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LE | Hot Stocks16:39 EDT Land's End up 2.9% at $38.00 per share after raising Q2, FY21 guidance
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UAL | Hot Stocks16:38 EDT United Airlines expects full recovery in demand by 2023 - The company's second quarter performance largely exceeded original expectations as international long haul and business travel accelerated even faster than anticipated, together with continued yield improvement. Looking ahead, the company expects continued gains as more businesses return by end of summer and into 2022, with a full recovery in demand anticipated by 2023. "Thanks to the professionalism and perseverance of the United employees who have worked so hard to take care of our customers through the pandemic, our airline has reached a meaningful turning point: we're expecting to be back to making a profit once again," said United Airlines CEO Scott Kirby. "As we emerge from the most disruptive crisis our company has faced, we're now focused squarely on our United Next strategy that will transform our customers' onboard experience and help fulfill United's incredible potential."
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UAL | Hot Stocks16:37 EDT United Airlines reports Q2 ending available liquidity of $23B - In Q2: Raised secured financing collateralized by substantially all of United's network of slots, routes, and gates - made up of $4B in a private offering of bonds, a $5B term loan, and a $1.75B revolving credit facility. This is a first of its kind financing and the largest non-merger financing transaction in airline history.
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SMSI | Hot Stocks16:37 EDT Smith Micro drops 8% to roughly $5 as CFO Huffmyer resigns
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UAL | Hot Stocks16:36 EDT United Airlines reports Q2 capacity down 46% vs. 2Q19 - Reported Q2: Total Revenue per Available Seat Mile (TRASM) of down 11.3% compared to second quarter 2019; operating expenses down 42%, down 32% excluding special charges (credits), compared to second quarter 2019; pre-tax margin of negative 10.3%, negative 29.2% on an adjusted basis; adjusted EBITDA margin of negative 10.7%.
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VLRS | Hot Stocks16:34 EDT Volaris announces substitution of external auditor - Volaris "informs that the Board of Directors of the Company, considering best corporate practices stated in the Mexican "Code of Corporate Governance Principles and Best Practices" and the recommendation of the Audit and Corporate Governance Committee, approved the hiring of KPMG Cardenas Dosal, S.C. as its independent external auditor. Accordingly, KPMG will begin with the review of the Company's financial statements as of the third quarter of 2021, replacing Mancera, S.C., or EY. EY had been external auditor of Volaris for fifteen years, providing services in a professional manner, for which the Board of Directors and the Company's management express their appreciation to the firm for the services provided during the aforementioned period. EY and Volaris will maintain their business relationship for other services than the audit of the Company's financial statements."
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IGT | Hot Stocks16:32 EDT International Game forms strategic partnership with Marker Trax - International Game Technology PLC announced that it is furthering its efforts in cashless gaming technologies via a strategic partnership with Marker Trax, makers of an advanced digital casino marker system. This partnership will give IGT ADVANTAGE casino management systems users the option to integrate Marker Trax technology into any variation of an IGT Resort Wallet deployment, the company said.
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SDC | Hot Stocks16:27 EDT SmileDirectClub announces court ruling rejecting Dentristry's appeal - SmileDirectClub announced that an en banc panel of the U.S. Court of Appeals for the Eleventh Circuit sided with the company, rejecting the Georgia Board of Dentistry's attempt to shield itself from antitrust liability through an interlocutory appeal. Both the Georgia Dental Board and the Alabama Dental Board sought immediate appeals of lower court decisions in SmileDirectClub's favor. SmileDirectCub, issued a statement from Susan Greenspon Rammelt, SmileDirectClub's Chief Legal Officer and EVP of Business Affairs.
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SB | Hot Stocks16:22 EDT Safe Bulkers to buy three Japanese dry-bulk Kamsarmax class vessels - Safe Bulkers announced that in relation to its fleet renewal strategy, it has entered into agreements for the acquisition of three Japanese dry-bulk 82,000 dwt, Kamsarmax class vessels at attractive prices with scheduled delivery dates within the fourth quarter of 2023 for one vessel and within the first quarter of 2024, for the other two vessels. All three newbuild vessels are designed to meet the Phase 3 requirements of Energy Efficiency Design Index related to Green House Gas emissions, and also comply with the latest NOx emissions regulation, and will be financed from the cash reserves of the Company. Dr. Loukas Barmparis, President of the Company, commented: "We are continuing our fleet renewal strategy, by ordering three additional vessels, bringing the total number of newbuilds to eight GHG-EEDI Phase 3, NOx-Tier III. In parallel, the Company has already acquired two younger second hand vessels. Newbuild orders and second hand acquisitions are in the context of our strategy to replace older or Chinese-built vessels, six of which have been sold until now."
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RXN | Hot Stocks16:20 EDT Rexnord sees Q3 sales on WM platform to increase - The company states: "Given the anticipated timing of the separation of our PMC and WM platforms, we will continue to limit our external outlook to the upcoming quarter. Based on the permanent cost reduction initiatives we have implemented, our order backlog heading into the third quarter and an anticipated range of demand patterns through September, we expect third quarter sales in our WM platform to increase year over year in the high teens percentage range and Adjusted EBITDA margin to range between 26% and 27%. We expect sales in our PMC platform to increase by a mid-teens percentage range and Adjusted EBITDA margin to range between 23% and 24%, and for our corporate expenses to approximate $10 million."
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CBAN ALL | Hot Stocks16:17 EDT Colony Bankcorp acquires Barnes Agency, to form Colony Insurance subsidiary - Colony Bankcorp, Inc. (CBAN), the bank holding company for Colony Bank, announced it has agreed to acquire The Barnes Agency, an Allstate (ALL) appointed consumer property and casualty insurance agency in Macon, GA. The transaction is expected to close August 1, 2021. In conjunction with the transaction, the Bank has formed a new subsidiary that will operate under the brand Colony Insurance, which will offer a suite of consumer insurance solutions as an Allstate appointed agency, and has named Jason Barnes as President of the subsidiary. "Providing the convenient option for our banking, mortgage and consumer lending customers to purchase insurance through their trusted advisors at Colony Insurance is a logical extension to our existing range of financial services and products," said Heath Fountain, President and Chief Executive Officer. "This expansion is in-line with our stated goal to diversify our revenue streams and increase non-interest income. Further, by providing enhanced technological improvements to The Barnes Agency as well as the potential for additional growth, we will improve the profitability of our branch network. The consumer agency business in the markets we serve will benefit from Colony's proactive business development system and efficient operating model."
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GOED | Hot Stocks16:17 EDT 1847 Goedeker names Maria Johnson as CFO - 1847 Goedeker is pleased to announce that Maria Johnson will be joining the company as CFO, effective July 26. Maria Johnson will be assuming the CFO role from Bob Barry, who has been appointed as the Chief Accounting Officer effective the same day. Johnson has more than 20 years of experience across finance and strategic leadership roles including most recently as the CFO of E3 Investment Group since December 2019.
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VICI BX | Hot Stocks16:17 EDT VICI Properties enters strategic arrangement with Great Wolf Resorts, Blackstone - VICI Properties announced that the company has entered into a strategic arrangement with Great Wolf Resorts whereby VICI Properties may provide certain financing for the construction and development of Great Wolf Lodge resorts throughout the United States. As part of this arrangement, VICI Properties has agreed to provide a $79.5 million mezzanine loan investment related to the development of the more than $250 million Great Wolf Lodge Mid-Atlantic project in Perryville, MD, which was announced today and is expected to be completed by the summer of 2023. The mezzanine loan has an interest rate of 8% and an initial term of 3 years with two successive 12-month extension options subject to certain conditions.
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RUSHA RUSHB | Hot Stocks16:16 EDT Rush Enterprises increases quarterly cash dividend 5.6% to 19c per share - The company's board has declared a cash dividend of 19c per share of Class A and Class B common stock, increasing dividend by 5.6% over prior quarterly dividend.
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CMG | Hot Stocks16:15 EDT Chipotle jumps 4% to $1,645 after Q2 results beat estimates
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SNBR | Hot Stocks16:14 EDT Sleep Number falls over 9% below $102 per share after Q2 earnings miss
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CMG | Hot Stocks16:14 EDT Chipotle CEO says 'we demonstrated growing momentum in the business' - "Chipotle's second quarter results highlight the strength of our brand and our people, as we demonstrated growing momentum in the business," said Brian Niccol, Chairman and CEO, Chipotle. "We remain confident in our key growth strategies and believe they will help us achieve our next goal of $3 million average unit volumes with industry leading returns on invested capital that improve as we continue to add Chipotlanes. Strong restaurant level economics combined with significant restaurant growth should allow us to optimize earnings power for many years to come. The health and well-being of our employees and guests continues to be our top priority. Beyond the investments made in our people, restaurants, and supply chain, we are closely following the recommendations of the CDC and local health departments. We have implemented and enhanced numerous protocols that give our employees and guests confidence that Chipotle remains steadfast in our commitment to keep them safe as capacity restrictions ease and in-restaurant ordering and dining increases. As of June 30, 2021, Chipotle continues to maintain a strong financial position with nearly $1.2 billion in cash, investments and restricted cash, and no debt. We also have access to a $500 million untapped credit facility. Our financial strength gives us the opportunity to make on-going strategic investments in our people, business, and communities, which we believe will benefit us for years to come."
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CMG | Hot Stocks16:13 EDT Chipotle opened 56 new restaurants including one relocation, closed five in Q2
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CMG | Hot Stocks16:12 EDT Chipotle sees at or slightly above 200 new restaurant openings in 2021 - Expects an estimated effective full year tax rate between 25%-27%.
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CMG | Hot Stocks16:11 EDT Chipotle sees Q3 comparable restaurant sales growth low to mid double-digits
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PSAC FFIE | Hot Stocks16:10 EDT Property Solutions Acquisition receives stockholder approval of Faraday deal - Property Solutions Acquisition Corp. announced the results for the ten proposals considered and voted upon by its stockholders at its special meeting on July 20, 2021. PSAC reported that all of the proposals related to the previously announced business combination agreement between PSAC and Faraday Future were approved by the PSAC stockholders at the special meeting. A Form 8-K disclosing the full voting results has been filed with the Securities and Exchange Commission. Additionally, the deadline for electing redemptions has passed, and 99.91% of funds will remain in PSAC's trust account as of closing. As a result, FF expects to receive approximately $1 billion in gross proceeds at the time of the business combination. The closing of the business combination is anticipated to take place on or about July 21, 2021. Following closing of the business combination, PSAC will be renamed "Faraday Future Intelligent Electric Inc." and its common stock and warrants are expected to commence trading on the Nasdaq Global Exchange on or about July 22, 2021 under the ticker symbols "FFIE" and "FFIE.WS", respectively.
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NFLX | Hot Stocks16:09 EDT Netflix down 3% after Q2 earnings, Q3 subscriber forecast - Shares of Netflix are down $16.02, or 3%, to $515.03 in after-hours trading following the company's quarterly report and ahead of the associated conference call.
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WES | Hot Stocks16:07 EDT Western Midstream increases dividend 1.3% to 31.9c - Western Midstream Partners announced that the board of directors of its general partner declared a quarterly cash distribution of 31.9c per unit for the Q2. This distribution represents a 1.3% increase over the prior quarter's distribution and is consistent with an annualized distribution growth of 5%. WES's Q2 distribution is payable August 13, to unitholders of record at the close of business July 30.
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NFLX | Hot Stocks16:07 EDT Netflix says games to be included in members' subscription at no added cost - Netflix said in its quarterly letter to investors: "We're also in the early stages of further expanding into games, building on our earlier efforts around interactivity (eg, Black Mirror Bandersnatch) and our Stranger Things games. We view gaming as another new content category for us, similar to our expansion into original films, animation and unscripted TV. Games will be included in members' Netflix subscription at no additional cost similar to films and series. Initially, we'll be primarily focused on games for mobile devices. We're excited as ever about our movies and TV series offering and we expect a long runway of increasing investment and growth across all of our existing content categories, but since we are nearly a decade into our push into original programming, we think the time is right to learn more about how our members value games."
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SMSI | Hot Stocks16:07 EDT Smith Micro CFO Huffmyer resigns - Smith Micro Software announced that Tim Huffmyer has informed the company of his intention to resign as Chief Financial Officer to pursue an opportunity with another company. Huffmyer is expected to continue his role as CFO over the next seven weeks, while assisting the company with an orderly transition, including the search for his replacement. William W. Smith, Jr., President and CEO of Smith Micro Software, said, "On behalf of Smith Micro, I want to thank Tim for his commitment and many contributions to Smith Micro Software over his tenure with the Company. Tim has been a valuable member of our management team and we wish him well in his future endeavors." The company has commenced a formal search for a new Chief Financial Officer, retaining a national executive search firm to support the process.
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CYAD | Hot Stocks16:07 EDT Celyad updates on allogeneic CAR T clinical candidates - Celyad Oncology SA " highlighted a new preclinical allogeneic armored CAR T candidate developed from its shRNA platform and data updates to the shRNA-based allogeneic candidate CYAD-211 for r/r MM and allogeneic candidate CYAD-101 for mCRC today during a research and development day hosted by the Company's management team. Currently, CYAD-211 is being evaluated in the Phase 1 IMMUNICY-1 trial in r/r MM following preconditioning with cyclophosphamide (300 mg/m) and fludarabine (30 mg/m) given three consecutive days. Recent data from the first patient at dose level three (300106 cells per infusion) continues to show dose dependent engraftment with no GvHD reported to date."
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G | Hot Stocks16:06 EDT Genpact names Michael Weiner as CFO, succeeding Edward Fitzpatrick - Genpact announced that Michael Weiner has been appointed Senior Vice President and CFO of Genpact, effective August 10. He will report to N.V. 'Tiger' Tyagarajan, Genpact's president and CEO. Weiner succeeds Edward Fitzpatrick, who has served as Genpact's Chief Financial Officer since 2014. Fitzpatrick will remain with the company as a Senior Vice President and Senior Client Advisor, reporting to Tyagarajan, and will assist in the transition. Weiner most recently served as Executive Vice President, CFO and Treasurer of National General Holdings Corp.
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FOR | Hot Stocks16:06 EDT Forestar sees delivering 15,500-16,000 lots in FY21 - Donald J. Tomnitz, Chairman of the Board, said, "Housing market conditions remain favorable across the country, and we now expect to deliver between 15,500 and 16,000 lots in fiscal 2021 as we continue to consolidate market share in the fragmented and under-capitalized U.S. lot development industry. Forestar's return-focused business model is centered on our high inventory turnover, lower risk lot manufacturing strategy. Our strategic and operational plan is underpinned by our low net leverage and strong liquidity, the engagement of our people and our strategic relationship with D.R. Horton, the nation's largest homebuilder. With 96,600 lots owned and controlled at June 30, 2021, we expect robust growth with increasing profitability and returns in the coming years."
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NFLX... | Hot Stocks16:05 EDT Netflix says 'still very much in the early days' of on-demand transition - Netflix said in its quarterly letter to investors: "We are still very much in the early days of the transition from linear to on-demand consumption of entertainment. Streaming represents just 27% of US TV screen time, compared with 63% for linear television, according to Nielsen. Based on this same study, Nielsen estimates that we are just 7% of US TV screen time. Considering that we are less mature in other countries and that this excludes mobile screens (where we believe our share of engagement is even lower), we are confident that we have a long runway for growth. As we improve our service, our goal is to continue to increase our share of screen time in the US and around the world. The planned combination of Warner Media Group and Discovery and Amazon's pending acquisition of MGM are examples of the ongoing industry consolidation as firms adapt to a world where streaming supplants linear TV. The industry has consolidated materially over the years (Time Warner/AT&T, Viacom/CBS, Discovery/Scripps, Disney/Fox, Comcast/NBCU/Sky, etc.) and we don't believe this consolidation has affected our growth much, if at all. While we are continually evaluating opportunities, we don't view any assets as 'must-have' and we haven't yet found any large scale ones to be sufficiently compelling to act upon. In the race to entertain consumers around the world, we continue to compete for screen time with a broad set of firms like YouTube, Epic Games and TikTok (to name just a few). But, we are mostly competing with ourselves to improve our service as fast as we can. If we can do that, we're confident we can maintain our strong position and continue to grow nicely as we have been over the past two-plus decades."
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LUMO | Hot Stocks16:05 EDT Lumos Pharma provides clinical updates on OraGrowtH210, OraGrowtH212 trials - Lumos Pharma announced an update on clinical activities. The company is issuing new guidance concerning the Phase 2 OraGrowtH210 Trial of LUM-201 in PGHD. The pace of site initiation and enrollment of the trial has been slower than anticipated primarily due to COVID-19 restrictions. This impact has been particularly pronounced at international sites where faster patient enrollment was anticipated. Given slower enrollment, the six-month primary outcome data for OraGrowtH210 are now anticipated in the second half of 2023. The trial's primary outcome continues to be the preliminary validation of our Predictive Enrichment Markers, or PEM, strategy. From the trial, we will also select the optimal dose for a pivotal Phase 3 study in PGHD. Given the novel mechanism of action of LUM-201 compared to other growth hormone therapies, the FDA has now requested an extension of the OraGrowtH210 Trial to 12 months. The planned protocol extension mirrors the first six months of the OraGrowtH211 long-term extension study. The FDA has placed our planned long-term extension study on partial clinical hold until additional efficacy data from the OraGrowtH210 Trial are available to be reviewed. We are currently reviewing the timing of the start of the long-term extension study in context of the OraGrowtH210 Trial extension. We do not anticipate these protocol changes, on a stand-alone basis, to extend the time to the initiation of our Phase 3 clinical trial. The OraGrowtH212 Trial was initiated in June and is currently enrolling patients. This study will evaluate the pharmacokinetic and pharmacodynamic effects of LUM-201 in PGHD patients at two dose levels to confirm prior clinical data illustrating the increased pulsatile release of endogenous growth hormone unique to LUM-201 and its potential for this mechanism of action to contribute to efficacy in PGHD. This open-label trial will be extended from six months to twelve months to capture additional PK/PD and height velocity data. The PD pulsatility assessment will continue to be at six months on therapy as planned.
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ALBO | Hot Stocks16:04 EDT Albireo gets FDA approval of Bylvay to treat pruritus in PFIC - Albireo Pharma, announced U.S. Food & Drug Administration, FDA, approval of Bylvay, odevixibat, the first drug approved for the treatment of pruritus in all subtypes of progressive familial intrahepatic cholestasis or PFIC. Bylvay is a potent, non-systemic ileal bile acid transport inhibitor, IBATi, which does not require refrigeration and is easily administered as a once-daily capsule or opened and sprinkled onto soft foods. Albireo is launching Bylvay immediately to accelerate availability for the patients and families impacted by PFIC. "Treating children with PFIC can be difficult and frustrating given the current treatment options. Bylvay gives us a non-surgical option and will change how we treat PFIC," said Richard Thompson, Professor of Molecular Hepatology at King's College London and principal investigator of PEDFIC 1 and PEDFIC 2. "With this approval, my colleagues and I now have the opportunity to revisit how PFIC patients are being managed and we are hopeful for better outcomes for these children."
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NFLX | Hot Stocks16:03 EDT Netflix still targets 20% operating margin for the full year 2021 - Netflix said in its quarterly letter to investors: "We continue to target a 20% operating margin for the full year 2021 vs. 18% in 2020. After our big global launch in January 2016, we committed to steadily growing our operating margin thereafter at an average rate of three percentage points per year over any few-year period. Some years we'll be a little over (like in 2020), some years a little under (like in 2021). Assuming we achieve our margin target this year, we will have quintupled our operating margin in the last five years and are tracking ahead of this average annual three percentage point pace."
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NFLX | Hot Stocks16:02 EDT Netflix sees Q3 global streaming paid net additions of 3.5M - Netflix said in its quarterly letter to investors: "As a reminder, the quarterly guidance we provide is our actual internal forecast at the time we report. For Q3'21, we forecast paid net additions of 3.5m vs. 2.2m in the prior year period. If we achieve our forecast, we will have added more than 54m paid net adds over the past 24 months or 27m on an annualized basis over that time period, which is consistent with our pre-COVID annual rate of net additions. We forecast that ARM will grow roughly 5% year over year on a FX neutral basis in Q3'21."
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NFLX | Hot Stocks16:01 EDT Netflix reports Q2 global streaming paid net additions of 1.5M - Netflix said in its quarterly letter to investors: "We added 1.5m paid memberships in Q2, slightly ahead of our 1.0m guidance forecast. The APAC region represented about two-thirds of our global paid net adds in the quarter. As expected, Q2 paid memberships in the UCAN region were slightly down sequentially (-0.4m paid net adds). We believe our large membership base in UCAN coupled with a seasonally smaller quarter for acquisition is the main reason for this dynamic. This is similar to what we experienced in Q2'19 when our UCAN paid net adds were -0.1m; since then we've added nearly 7.5m paid net adds in UCAN."
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SRNE | Hot Stocks15:31 EDT Sorrento Therapeutics forms Mexican subsidiary to develop Covid related products - Sorrento Therapeutics announced that it has formed a subsidiary company based in Mexico City, Sorrento Therapeutics Mexico, to support the clinical development and registration of multiple COVID-19 related products Sorrento plans to develop and commercialize in Mexico and other Latin America territories. Sorrento Mexico has established offices in Mexico City with Dr. Henry Ji as Chairman and Hector Sulaiman S. as CEO. Sorrento's distributor has received from COFEPRIS written permission to import the first 25M test units of COVI-STIX into the country. These COVI-STIX professional use package contain a positive and a negative control test and all the components necessary for testing. Sorrento is ramping up manufacturing to fulfil subsequent orders.
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ALBO | Hot Stocks15:28 EDT Albireo Pharma NDA for Bylvay approved by FDA - New Drug Application number 215498, submitted by Albireo Pharma for Bylvay, was approved on July 20, according to a post to the FDA website. Reference Link
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DBRG | Hot Stocks14:56 EDT Thomas Barrack charged with acting as agent of foreign government, DOJ says - A seven-count indictment was unsealed in a New York federal court relating to the defendants' unlawful efforts to advance the interests of the United Arab Emirates in the United States at the direction of senior UAE officials by influencing the foreign policy positions of the campaign of a candidate in the 2016 U.S. presidential election and, subsequently, the foreign policy positions of the U.S. government in the incoming administration, as well as seeking to influence public opinion in favor of UAE interests, the Department of Justice announced. Thomas Joseph Barrack, 74, of Santa Monica, California; Matthew Grimes, 27, of Aspen, Colorado; and Rashid Sultan Rashid Al Malik Alshahhi, aka Rashid Al Malik and Rashid Al-Malik, 43, a UAE national, are accused of acting and conspiring to act as agents of the UAE between April 2016 and April 2018. The indictment also charges Barrack with obstruction of justice and making multiple false statements during a June 20, 2019, interview with federal law enforcement agents. Tom Barrack was formerly Colony Capital CEO and was succeeded by Digital Bridge co-founder Marc Ganzi after Colony Capital agreed to acquire Digital Bridge. Colony Capital recently announced a corporate rebranding of the company to DigitalBridge, effective June 22. Reference Link
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FB | Hot Stocks14:41 EDT Facebook says strengthening policies for prescription drug ads - Facebook said in a post to its corporate site: "Over the past few years, we've seen new types of businesses in the health space seeking to promote healthcare and treatment options. To keep pace with this changing landscape, we're making updates to provide more clarity and strengthen the enforcement of our policies related to prescription drugs. Promoting prescription drugs is common practice across the healthcare industry, but it's important to note that we prohibit the sale of prescription drugs everywhere on our platform and require advertisers to follow all applicable laws and regulations. We also prohibit ads which advocate, encourage or depict the consumption or use of illicit substances. We have long required online pharmacies to go through a certification process before running ads on Facebook. Now we're introducing additional pre-approval requirements for telehealth providers, pharmaceutical manufacturers and online pharmacies who are looking to promote prescription drugs on our platforms. Starting August 25, prior to promoting prescription drugs in ads on Facebook, we will require telehealth providers and online pharmacies to present written certification from Legitscript - a leading third party certification provider. Pharmaceutical manufacturers will also be required to get pre-approval from Facebook prior to running ads promoting prescription drugs." Reference Link
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GOOG GOOGL | Hot Stocks14:08 EDT YouTube announces ability for viewer tips with 'Super Thanks' feature - Neal Mohan, Chief Product Office for YouTube said: "For creators, building a business isn't a one-size-fit-all approach. Some may gravitate towards tools like channel memberships while others may double down on Super Chat. At YouTube, we're always looking for fresh ways creators can diversify their revenue streams. That's why I'm excited to unveil our fourth Paid Digital Good - Super Thanks. This new feature gives creators yet another way to earn money while also allowing them to strengthen relationships with viewers." Barbara Macdonald Senior Product Manager, Paid Digital Goods added: Creators are at the heart of what we do here at YouTube, and we're constantly exploring new ways to help them get started, grow their businesses and diversify their revenue. In fact, we offer a multitude of ways that creators can make money on our platform -- from running ads and selling merchandise to channel memberships and beyond. We've recently been experimenting with an applause feature that allows fans to show support for their favorite YouTube channels. Based on creator feedback, today we're super excited to share that it's expanding to even more viewers and creators -- along with a new name: Super Thanks. " Reference Link
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SPX... | Hot Stocks14:02 EDT Canada to open borders to vaccinated travelers on September 7 - The Government of Canada said that, on September 7, 2021, provided that the country's COVID-19 epidemiology "remains favourable," it intends to open Canada's borders for discretionary travel by travellers from any country who have been fully vaccinated with Government of Canada-accepted vaccines at least 14 days prior to entering Canada and who meet specific entry requirements. With the advent of increased vaccination rates in Canada, declining COVID-19 cases and reduced pressure on health care capacity, the government intends to bring a number of changes into effect, provided that Canada's COVID-19 epidemiology remains favourable. On August 9, 2021, at 12:01 a.m. EDT, fully vaccinated citizens and permanent residents of the United States, currently residing in the U.S., will be permitted to enter Canada for discretionary travel. Entry to Canada will continue to be prohibited for U.S. travellers who are not fully vaccinated and for all other foreign nationals, unless they already meet an exemption set out in the Orders made under the Quarantine Act. Publicly traded companies in the space include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Airlines (UAL).
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INTC | Hot Stocks13:41 EDT Intel's Mobileye begins road testing autonomous vehicles in NYC - The Intel unit which develops self-driving cars and advanced driver-assistance systems ,Mobileye, said in a blog posting: "If autonomous vehicles are to work anywhere, we firmly believe, they need to be able to work everywhere. That's why Mobileye is testing our self-driving platform in a wide variety of locations around the world - not just in the lab, on empty roads, or even on the challenging streets of Jerusalem. And now we're pleased to have launched testing for our developmental AV in one of the most difficult driving environments in the world: the streets of New York City. Mobileye has now expanded our AV testing program to the City That Never Sleeps, having secured the only current permit to test autonomous vehicles in New York. This latest addition to our global testing activities presents a variety of unique challenges for our AV development program to overcome in preparing our self-driving technologies for worldwide deployment at scale." Reference Link
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STLA AMZN | Hot Stocks13:27 EDT Stellantis confirms Amazon's Ned Curic as chief technology officer - Stellantis (STLA) announced that Ned Curic, currently VP of Alexa Automotive, Amazon (AMZN) will join Stellantis as Chief Technology Officer on August 30, 2021. As the CTO of Stellantis, reporting to the CEO Carlos Tavares, Ned will manage all information technology resources for the Group. Carlos Tavares, CEO of Stellantis said: "I'm absolutely thrilled to work closely with Ned, who will play an integral and strategic role in setting the company's strategic mobility direction, development and future growth for being at the forefront in the automotive industry. Ned joins us at the perfect time to shape Stellantis in the context of unprecedented shift of our industry." Reference Link
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GPS FB | Hot Stocks13:26 EDT Gap says 'can now buy Old Navy and Athleta products directly on Instagram app' - Gap (GPS) , said in part, on its blog: "At Gap we're laser-focused on our Power Plan 2023 and enhancing our omni-experience capabilities with a frictionless, unique, and mobile-enabled experience. To ensure we are meeting customers where they want to shop, customers can now buy Old Navy and Athleta products directly on the Instagram app. With Instagram (FB), shopping has never been easier. Users can either click the shopping bag app icon on the right side of the bottom navigation bar or simply tap a shoppable tag on any Old Navy or Athleta feed post or story. From there, they can peruse the brands' shop and products, select sizes, add to bag, and pay-without ever having to leave the app. Reference Link
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RDFN RLGY | Hot Stocks13:04 EDT Realogy appoints Caitlin McCrory to lead Industry Relations function - Realogy Holdings (RLGY) announced the appointment of Caitlin McCrory to lead the company's Industry Relations function. McCrory joins Realogy from Redfin (RDFN), where she served as head of industry relations, focused on developing the company's relationships with multiple listing services, associations, and other brokerages.
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SRNE | Hot Stocks12:59 EDT Sorrento's Scilex Holding announces complete enrollment in SP-102 Phase 3 trial - Scilex Holding Company, a wholly-owned subsidiary of Sorrento Therapeutics, announced complete enrollment of SP-102 Phase 3 Pivotal Trial C.L.E.A.R. Program, a corticosteroid injectable dexamethasone sodium phosphate gel for the treatment of lumbosacral radicular pain, or sciatica. SP-102 has received Fast Track status from the FDA. Scilex's SP-102 is currently being evaluated in a pivotal Phase 3 clinical trial in the U.S. in patients with lumbosacral radicular pain. Scilex intends to use the results from this pivotal Phase 3 trial to discuss with the FDA a licensure application for the high unmet need sciatica indication, the company said in a statement. Scilex expects to present the robust data collected over the course of the company's multi-year clinical development program to the U.S. FDA as part of a New Drug Application.
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HITI | Hot Stocks12:48 EDT High Tide subsidiary High Tide USA acquires online retailer DankStop for $3.85M - High Tide announced that it has entered into a definitive agreement pursuant to which High Tide USA Inc., a wholly-owned U.S. subsidiary of the company will acquire 100% of the issued and outstanding shares of DS Distribution, operating as DankStop.com, for $3.85M. "This acquisition is yet another example of how High Tide's U.S. e-commerce infrastructure and network keep getting stronger. Rolling multiple established e-commerce platforms into our network is positioning us nicely to create numerous synergies and efficiencies across our ecosystem. Along with this transaction, our last two acquisitions have increased High Tide's social media reach by leaps and bounds, giving us access to an invaluable potential customer base," said Raj Grover, President and CEO of High Tide. The DankStop acquisition will be immediately accretive, the company said. the Transaction has been unanimously approved by the board of directors of High Tide and DankStop.
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ANAB | Hot Stocks12:43 EDT AnaptysBio up 7% after blog repot claims takeover approach received - Shares of AnaptysBio (ANAB) are up $1.70, or 7%, to $26.82 after Street Insider claimed that it was told by a source that the company received a takeover approach and is working with an investment bank to gauge interest from other suitors.
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A | Hot Stocks12:35 EDT Agilent's PD-L1 IHC 22C3 pharmDx expands CE-IVD mark in NSCLC - Agilent Technologies announced that the company's PD-L1 IHC 22C3 pharmDx assay is now labeled for expanded use in patients with non-small cell lung cancer in the European Union. PD-L1 IHC 22C3 pharmDx can now be used as an aid in identifying NSCLC patients with tumor PD-L1 expression of Tumor Proportion Score greater than or equal to 50% for treatment with Libtayo. This announcement underscores Agilent's continuing commitment to the development of IHC-based diagnostics for cancer therapy. "This expanded indication for PD-L1 IHC 22C3 pharmDx will enable pathologists in Europe to identify patients with NSCLC who may be eligible for treatment with Libtayo," said Sam Raha, president of Agilent's Diagnostics and Genomics Group. "This further demonstrates Agilent's commitment to partnering with leading pharmaceutical companies to develop IHC-based diagnostics for targeted cancer therapy."
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HIMS | Hot Stocks12:00 EDT Hims & Hers falls -8.7% - Hims & Hers is down -8.7%, or -83c to $8.72.
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GKOS | Hot Stocks12:00 EDT Glaukos falls -11.5% - Glaukos is down -11.5%, or -$6.46 to $49.85.
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MSC | Hot Stocks12:00 EDT Studio City falls -13.8% - Studio City is down -13.8%, or -$1.37 to $8.53.
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CYH | Hot Stocks12:00 EDT Community Health rises 13.8% - Community Health is up 13.8%, or $1.97 to $16.20.
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HCA | Hot Stocks12:00 EDT HCA Healthcare rises 13.9% - HCA Healthcare is up 13.9%, or $30.30 to $247.94.
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LXU | Hot Stocks12:00 EDT LSB Industries rises 36.8% - LSB Industries is up 36.8%, or $1.78 to $6.62.
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ACND | Hot Stocks11:31 EDT Ascendant Digital Acquisition shareholders approve MarketWise combination - Ascendant Digital Acquisition announced that Ascendant's shareholders have approved all proposals related to its previously announced business combination with MarketWise, a multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors. Approximately 85.5% of the votes cast at the extraordinary general meeting of Ascendant's shareholders held today voted to approve the business combination with MarketWise. The formal results of the vote will be included on a Form 8-K to be filed with the U.S. Securities and Exchange Commission. The closing of the business combination is anticipated to take place on July 21, 2021, subject to the satisfaction of certain customary closing conditions. The combined company will be renamed MarketWise, Inc., and its common stock and warrants are expected to begin trading on The Nasdaq Stock Market under the ticker symbols "MKTW" and "MKTWW", respectively, on July 22, 2021.
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JWN | Hot Stocks11:03 EDT Nordstrom appoints Farrell Redwine as CHRO - Nordstrom announced Farrell Redwine as its new Chief Human Resources Officer. She will join the executive team and report to Nordstrom CEO Erik Nordstrom. Farrell joined Nordstrom in 2016 and has held various leadership roles throughout her tenure, most recently overseeing centers of excellence for the entire employee lifecycle. In this role, Farrell and her team will support more than 55,000 employees at Nordstrom in stores, fulfillment and distribution centers and corporate centers. She will oversee all aspects of human resources including recruitment and succession planning, learning and development, recognition and retention, diversity, and total rewards.
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EXFO VIAV | Hot Stocks11:02 EDT Germain Lamonde rejects fourth unsolicited proposal from Viavi - Germain Lamonde issued the following statement: "Viavi Solutions (VIAV) made a fourth unsolicited, non-binding proposal to acquire EXFO Inc. (EXFO), and, for the fourth time, I make it crystal clear to Viavi and to my board of directors at EXFO that as controlling shareholder of EXFO, I would not consider any transaction with Viavi, or any other change of control transaction. Viavi knew full well I would reject any new non-binding, non-executable tentative proposal, which in my view is only intended to create distortion in the current go-private process and is simply aimed at eliminating Viavi's main competitor - it is clearly not in the best interest of Viavi and EXFO customers as they would end up paying much higher prices for the products we sell, having less services and no longer benefit from EXFO's incredible innovation engine. The EXFO board of directors has unanimously recommended that shareholders vote in favour of the transaction by way plan of arrangement announced on June 7, 2021 whereby I have offered to purchase all Subordinate Voting Shares I do not currently own for US$6.00 per Subordinate Voting Share. This provides a 62% premium to the closing price of the Subordinate Voting Shares on the Nasdaq Global Select Market on June 4, the last trading day before the offer was made; a 63% premium to the 20-trading day volume-weighted average price up until the last trading day before the offer was made. I have been clear and unambiguous with EXFO shareholders since June 7 that they have a choice of accepting my formal offer of US$6.00 per Subordinate Voting Share or remaining a public company. My position has not changed since then and nor will it change, no matter how many times EXFO's primary competitor tries to interfere in the process for its own benefit."
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MLHR | Hot Stocks10:45 EDT Herman Miller, Knoll announce MillerKnoll as name for combined company - Herman Miller announced that, after completing the acquisition of Knoll, Inc. on July 19, 2021, the combined company will move forward as MillerKnoll. Herman Miller and Knoll, along with their legacy brands, will continue as distinct brands as part of MillerKnoll, the company said in a statement. "We are excited to introduce MillerKnoll, a collective of dynamic brands coming together to design the world we live in," said Andi Owen, President and CEO of MillerKnoll. Herman Miller intends to submit a proposal to its shareholders at its upcoming annual meeting in order to seek approval of the formal change of Herman Miller's corporate name to MillerKnoll. At this time, Herman Miller common stock will continue to trade on the Nasdaq under the ticker symbol "MLHR."
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SNAP T | Hot Stocks10:35 EDT HBO Max offering select full episodes free through Snap Minis - Snapchatters in the U.S. can watch select episodes of HBO Max programming for free through Snap Minis, Snap's (SNAP) platform for shared experiences on Snapchat, WarnerMedia's (T) HBO Max announced. "HBO Max is the first major streamer to build a Mini to bring full-length episodes to Snapchat, building on its history of innovation to reach new audiences and engage with fans. The HBO Max Mini launches instantly in Snapchat with no installation required, offers age-appropriate episodes based on the user's age, and is available on iOS and Android. Snapchatters will be able to access watch groups that are viewing episodes with an age-appropriate rating," the company stated. Reference Link
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MSA | Hot Stocks10:31 EDT MSA Safety announces joint development agreement with Perspective Robotics - MSA Safety announced it has established a Joint Development Agreement with Perspective Robotics AG of Zurich, Switzerland. Established in 2014, Perspective Robotics AG develops advanced situational awareness tools that utilize tethered drone technology for first responder applications under the brand name Fotokite. The two companies will collaborate to advance fire scene situational awareness, both locally and through the cloud, through the development of enhanced products and services that leverage key strengths of both organizations -- Fotokite's expertise in autonomous and actively tethered drone technology and situational intelligence solutions and MSA's deep experience in developing breakthrough products, systems and technologies for firefighter safety and accountability.
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MCK... | Hot Stocks10:27 EDT NY AG announces $1.1B agreement with big three drug distributors over opioids - New York Attorney General Letitia James announced an agreement with McKesson (MCK), Cardinal Health (CAH), and Amerisource Bergen (ABC) - three of the nation's largest drug distributors - that will deliver up to $1.1B to New York state to combat the ongoing opioid epidemic. "The $1.1B agreement is the largest monetary settlement ever negotiated by Attorney General James. The agreement resolves claims made by Attorney General James for the three companies' role in helping to fuel the opioid epidemic and will remove the three distributors from New York's ongoing opioid trial, currently underway in Suffolk County State Supreme Court... Additionally, late last month, Attorney General James announced an agreement with Johnson & Johnson (JNJ) that removed the company from New York's opioid trial in exchange for up to $230M for the state's opioid prevention and treatment efforts, as well as it ending the sale of opioids nationwide. The trial against the three remaining defendants - Endo Health Solutions (ENDP), Teva Pharmaceuticals USA (TEVA), and Allergan Finance (ABBV) - is currently underway and will continue in state court," the AG stated. As part of today's agreement, McKesson, Cardinal Health, and Amerisource Bergen will pay New York state a total of up to $1,179,251,066.68, of which more than $1 billion will go towards abatement. Payments will start in just two months and will continue over the course of the next 17 years, the AG said. Reference Link
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KEY | Hot Stocks10:21 EDT KeyCorp: M&A pipeline at 'record' levels
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KEY | Hot Stocks10:21 EDT KeyCorp sees 'green shoots' in C&I, sees growth in 2H21
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ACN | Hot Stocks10:20 EDT Accenture acquires workforce optimization consultancy Workforce Insight - Accenture announced it has acquired Workforce Insight, a workforce optimization consultancy that provides workforce management and human capital management advisory and technology services. "The acquisition enhances Accenture's workforce management capabilities and further strengthens its ability to deliver HR transformation to clients," the company said. Financial terms of the transaction were not disclosed.
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FLR | Hot Stocks10:18 EDT Fluor achieves concentrate production milestone on Khoemacau's project - Fluor Corporation announced that Khoemacau Copper Mining recently achieved first copper and silver concentrate production for its Starter Project near Toteng in Botswana. The project is in the Kalahari Copper Belt and is expected to produce an annual average of 62,000 metric tons of payable copper and 1.9 million ounces of payable silver in concentrate for more than 20 years. Under the project scope, Fluor provided engineering, procurement and construction management for upgrading the Boseto Processing Plant, a transport corridor and a 40-kilometer water pipeline from the Haka water pump station to Zone 5. "The transition from construction to operations marks a major historical achievement for Khoemacau and Botswana," said Tony Morgan, president of Fluor's Mining & Metals business. "This modern mining and processing operation is expected to deliver substantial economic benefits to the country."
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KEY | Hot Stocks10:17 EDT KeyCorp sees 'record' year for investment banking business
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IKNA | Hot Stocks10:06 EDT Ikena Oncology Inc trading resumes
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KEY | Hot Stocks10:03 EDT KeyCorp expects to exceed last year's mortgage originations level for FY21
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KEY | Hot Stocks10:02 EDT KeyCorp on track to deliver positive operating leverage for FY21 - Comments taken from Q2 earnings conference call.
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LRN | Hot Stocks10:00 EDT Stride falls -7.3% - Stride is down -7.3%, or -$2.45 to $31.10.
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SPCE | Hot Stocks10:00 EDT Virgin Galactic falls -7.3% - Virgin Galactic is down -7.3%, or -$2.35 to $30.05.
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GKOS | Hot Stocks10:00 EDT Glaukos falls -13.9% - Glaukos is down -13.9%, or -$7.83 to $48.48.
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ENZ | Hot Stocks10:00 EDT Enzo Biochem rises 11.1% - Enzo Biochem is up 11.1%, or 34c to $3.41.
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HAL | Hot Stocks10:00 EDT Halliburton says mid-East activity growth will be more focused on 2022 - Says middle-East adding activity "as we speak." Says saw inflation in "many parts of our business." Says strengthening macro environment "very sustainable." Says continues to strive towards 2x debt/EBITDA ratio. Says intends to return more cash to shareholders. Says "can't commit" to dividend or share buybacks. Says net-pricing growth is in pockets, not across the board. Says not expecting much E&P budget exhaustion in 2021.
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SWI | Hot Stocks10:00 EDT SolarWinds rises 12.1% - SolarWinds is up 12.1%, or $1.08 to $10.00.
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TWND | Hot Stocks10:00 EDT Tailwind Acquisition rises 13.8% - Tailwind Acquisition is up 13.8%, or $1.20 to $9.90.
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IKNA | Hot Stocks09:56 EDT Ikena Oncology Inc trading halted, volatility trading pause
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WIT | Hot Stocks09:54 EDT Wipro to invest $1B in cloud technologies over next three years - Wipro Limited announced the launch of Wipro FullStride Cloud Services and its commitment to invest $1B in cloud technologies, capabilities, acquisitions and partnerships over the next three years. The company said, "As the cloud opportunity accelerates, Wipro FullStride Cloud Services brings together the full portfolio of Wipro's cloud-related capabilities, offerings and talent to better orchestrate the cloud journey for clients. This commitment builds on Wipro's existing and extensive cloud business with clients and significantly expands the investment with its partners and hyperscalers, creating industry solutions that accelerate results for mutual clients." Wipro has seen consistent growth in its cloud business and today employs over 79,000 cloud professionals and more than 10,000 people certified by the leading cloud service providers. Wipro FullStride Cloud Services will work with clients to better align business and IT with the cloud imperative, create significant business value and increase competitive differentiation. It will also improve their business agility, embed resilience and significantly optimize their technology investments in favor of change and innovation. Wipro FullStride Cloud Services puts client and business needs first while orchestrating simplicity in an otherwise complex ecosystem.
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PPG | Hot Stocks09:47 EDT PPG falls -6.9% - PPG is down -6.9%, or -$11.40 to $154.35.
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INSP | Hot Stocks09:47 EDT Inspire Medical falls -9.2% - Inspire Medical is down -9.2%, or -$16.25 to $160.00.
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GKOS | Hot Stocks09:47 EDT Glaukos falls -11.8% - Glaukos is down -11.8%, or -$6.64 to $49.67.
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HCA | Hot Stocks09:47 EDT HCA Healthcare rises 13.0% - HCA Healthcare is up 13.0%, or $28.37 to $246.00.
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TWND | Hot Stocks09:47 EDT Tailwind Acquisition rises 13.2% - Tailwind Acquisition is up 13.2%, or $1.15 to $9.85.
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SWI | Hot Stocks09:47 EDT SolarWinds rises 17.7% - SolarWinds is up 17.7%, or $1.58 to $10.50.
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SESN | Hot Stocks09:44 EDT Sesen Bio, Qilu announce enrollment of first patient in Vicineum trial in China - Sesen Bio and its partner in Greater China, Qilu Pharmaceutical, announced that the first patient has been enrolled in China in the clinical trial to assess the efficacy and safety of Vicineum in patients with BCG-unresponsive non-muscle invasive bladder cancer, or NMIBC. "The milestone comes only four months after the Investigational New Drug application for Vicineum was approved by the Center for Drug Evaluation of the China National Medical Products Administration, which triggered a $3M milestone payment from Qilu Pharmaceutical, the first of $23M in potential milestone payments to Sesen Bio," the company stated. Sesen added: "Assuming a successful trial, Qilu Pharmaceutical anticipates submission of the product market application for Vicineum in China in 2022, with potential approval expected in 2023. Sesen Bio believes China represents a large potential market for Vicineum, with unadjusted peak year sales estimated at $155M-$418M. In the U.S., the company believes it remains on track for an FDA decision on its Biologics License Application for Vicineum by the target PDUFA date of August 18, 2021."
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SWI NABL | Hot Stocks09:34 EDT SolarWinds completes spin-off of its MSP business, N-able - SolarWinds (SWI) and N-able (NABL) announced earlier the completion of the previously announced spin-off of the SolarWinds managed service provider business into a standalone, separately-traded public company named N-able. Following the separation, which was completed on July 19, 2021, N-able will provide cloud-based software solutions for managed service providers, enabling them to support digital transformation and growth within small and medium-sized enterprises. SolarWinds will retain its Core IT Management business focused primarily on providing IT infrastructure management software to corporate IT organizations. N-able common stock will trade on the New York Stock Exchange under the symbol "NABL."
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HCDI | Hot Stocks09:34 EDT Harbor Custom Development enters contract with Corporate Capital Solutions - Harbor Custom Development announced that it has entered into a contract with Corporate Capital Solutions to guide Harbor's real estate acquisition arm and provide project management consulting services on a national basis. Harbor Custom Homes has worked closely with CCS since the Company's IPO in August 2020, utilizing CCS's services in California, Texas, and Florida.
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VZ... | Hot Stocks09:33 EDT Verizon announces collaboration with Google for enhanced messaging services - Verizon (VZ) announced a collaboration with Google (GOOGL) to expand advanced messaging services to Android users in the U.S. starting next year using the Messages by Google app. "Through this collaboration, Messages will work with Verizon's network and RCS messaging service to provide a seamless experience for Android users. In addition, Google will work with Verizon to provide a robust business-to-consumer messaging ecosystem using RCS," Verizon stated.
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HAL | Hot Stocks09:28 EDT Halliburton says International pricing will take longer to catch up to U.S. - Sees U.S. shale growth slower than past quarters. Expects Q3 corporate expense to remain "largely unchanged." Says remains focused on reducing leverage in short term. Sees Q3 effective tax rate 25%. Sees FY21 free cash flow about $1.2B.
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NUE | Hot Stocks09:27 EDT Nucor to purchase Hannibal Industries $370M - Nucor announced that it has entered into an agreement to purchase Hannibal Industries for $370M, which represents 6.9x EBITDA for the trailing-twelve months ended March. The company is a leading national provider of racking solutions to warehouses and serves the e-commerce, industrial, food storage and retail segments. Pending approvals, Nucor will purchase 100% of Hannibal Industries' outstanding shares from its Employee Stock Ownership Plan, or ESOP.
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AMZN | Hot Stocks09:27 EDT Amazon.com up 1% to $3,575.50 after Jeff Bezos space capsule lands safely
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HAL | Hot Stocks09:21 EDT Halliburton says 'we remain in a transition year' - Says activity momentum to continue in 2H21. Says in "early innings" of multi-year upcycle. Reaffirms 2H21 International double digit growth vs. 2H20 and sees double-digit International spending hikes over next few years. Expects activity in North America to "inch higher" in 2H21. Sees double-digit spending growth in North America over next few years. Says high demand for low-emissions fracking gear in U.S. Expects service prices to rise as gear supply tightens. Expects private U.S. E&P's to lead activity comeback. Says expanding in new market segments and will enjoy unique growth opportunities. Expects CapEx to remain in range of 5%-6% of revenue in short term. Expects revenue to grow at "mid-teens" rate over next two years. Comments taken from Q2 earnings conference call.
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VVPR | Hot Stocks09:20 EDT VivoPower announces $29M Mongolian distribution deal for Tembo vehicles - VivoPower International is pleased to announce that the Company has signed a definitive agreement with Bodiz International Group for Bodiz to distribute electric light vehicles in Mongolia using e-LV conversion kits from VivoPower's wholly-owned subsidiary Tembo e-LV. Under the agreement, Bodiz intends to purchase 350 Tembo e-LV conversion kits through December 2026. The Company estimates these orders to be worth up to $29 million in potential revenue over the life of the Distribution Agreement. Bodiz will be responsible for acquiring original vehicles from Toyota, converting the vehicles to ruggedized e-LVs using the Tembo solutions, selling the units to end-customers and providing ongoing servicing and maintenance.
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GOGO | Hot Stocks09:18 EDT Gogo's AVANCEL L3 system selected by Cirrus Aircraft - Cirrus Aircraft has selected Gogo Business Aviation's AVANCE L3 system to be installed as a factory option on new production G2+ Vision JetTM aircraft. The G2+ Vision Jet is the first "Personal Jet" aircraft to add Gogo's inflight connectivity service. Cirrus joins Gogo's distinguished list of aircraft manufacturers that offer Gogo equipment from the factory, which includes all nine of the largest manufacturers of business aviation aircraft in the world.
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BLNK | Hot Stocks09:18 EDT Blink Charging appoints Carmen Perez-Carlton to board of directors - Blink Charging announced the appointment of Carmen Perez-Carlton to its Board of Directors. Ms. Perez-Carlton will also chair the Company's newly established Environmental, Social and Governance Committee. Perez-Carlton was President of FPL FiberNet, LLC, a subsidiary of NextEra Energy, Inc. until it was acquired by Crown Castle, Inc. in 2017. She then served as an independent advisor to Crown Castle, providing input and strategic guidance on matters related to mergers and acquisitions, strategy and business development opportunities.
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AME | Hot Stocks09:17 EDT Telguard announces 5G LTE-M communicators with internet, cellular dual path - Telguard announced its first line of dual path communicators with an internet pathway. These new offerings also make Telguard the first company to offer a dual path communicator that combines 5G LTE-M with internet connectivity for commercial fire use. The communicators connect to the internet via a wired LAN connection, and if the LAN goes down, 5G LTE-M immediately steps in to deliver signals. The two products available are the TG-7FE for commercial fire and the TG-7E for commercial intrusion. Both are dual path and offer the option to use internet connectivity and 5G LTE-M cellular. Each product is engineered and manufactured in the U.S. with outstanding service by the Telguard's technical and customer support team.
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VIAV EXFO | Hot Stocks09:17 EDT Viavi increases proposal to acquire Exfo to $8.00 per share from $7.50 - Viavi Solutions (VIAV) announced an increased binding proposal to acquire all of the outstanding subordinate voting shares and multiple voting shares of EXFO Inc. (EXFO) from $7.50 to $8.00 in cash per share. VIAVI has submitted a binding proposal to the EXFO board of directors, including a definitive form of Arrangement Agreement based substantially on the form agreed in connection with the proposed going private transaction between EXFO and its chairman and majority shareholder, Germain Lamonde. The increased binding proposal from VIAVI reflects EXFO's recently announced fiscal third quarter 2021 financial results in which bookings increased 47.2% year-on-year to $87 million with a book-to-bill ratio at 1.20, the company said in a statement. EXFO's strong results and future prospects further underpin the "inadequate" $6.00 consideration of the Going Private Transaction, Viavi said. Additionally, VIAVI's Proposal is higher than the $5.75 to $7.50 formal valuation range of EXFO's subordinate voting shares prepared by TD Securities Inc., acting as the EXFO Special Committee's own valuator in connection with the Going Private Transaction. VIAVI said it stands ready to engage with the EXFO Special Committee and Mr. Lamonde in order to finalize a definitive arrangement agreement to implement a transaction that is in the best interests of all EXFO shareholders.
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GAME | Hot Stocks09:17 EDT Engine Media subsidiary files patent infringement lawsuit against FanDuel - Engine Media Holdings announced that its Winview subsidiary has commenced an action in the United States District Court for the District of New Jersey against FanDuel alleging infringement of patents owned by Winview. The Company is being represented in this matter by Morgan Chu of Irell & Manella and Thomas R. Curtin of McElroy, Deutsch, Mulvaney & Carpenter. The lawsuit alleges that various gaming services provided by FanDuel infringe Winview's United States Patent No. 9,878,243 entitled "Methodology for Equalizing Systemic Latencies in Television Reception in Connection with Games of Skill Played in Connection with Live Television Programming" and United States Patent No. 10,721,543 entitled "Method Of and System For Managing Client Resources and Assets for Activities On Computing Devices." The action seeks the recovery of damages and other appropriate relief.
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BCOR | Hot Stocks09:16 EDT Avantax announces sponsorship of AICPA Engage 2021 - Avantax is proud to be a Gold Level sponsor of AICPA Engage 2021 at the Aria Resort & Casino in Las Vegas, Nevada, from July 26-29. Avantax's conference presence will be anchored to Booth #225, one of the largest in the Engage 2021 exhibit hall, where several representatives will be available to discuss how Avantax partners with tax and financial professionals to create new revenue opportunities by providing holistic financial services to their clients, all through a uniquely tax-focused lens. In addition to its exhibit hall presence, Avantax is presenting, "Like Father, Like Son: A Succession Planning Success Story" on Wednesday, July 28, from 12:50 p.m. to 1:40 p.m. PT, in the Pinyon Ballroom on level one. The session will focus on the benefits of tax-smart wealth management and developing a strategy to grow one's practice while planning for the future.
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VIAV EXFO | Hot Stocks09:16 EDT Viavi increases proposal to acquire Exfo to $8.00 per share from $7.50
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TGEN | Hot Stocks09:13 EDT Tecogen signs 25 long-term service contracts with housing provider in Canada - Tecogen announce the completion of 25 long-term maintenance services contracts with the management of a large residential complex in Toronto, Ontario. The 20-year contracts provide for the maintenance of 31 InVerde e+ cogeneration systems as well as ancillary components. The systems will be serviced out of Tecogen's Ontario service center, established in March 2020. Each InVerde system will provide electricity and hot water for residential buildings within the housing complexes and are expected to run consistently year-round. "We are excited to start full time operation of these units which we shipped in 2020," noted Benjamin Locke, Tecogen's CEO. "These units are expected to run with over 93% uptime, which maximizes the savings for our customer as well as our service revenues which are billed per run hour. These units join our existing fleet of cogeneration systems and chillers already operating in our Toronto service area."
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SRNE | Hot Stocks09:13 EDT Sorrento says Mabpharm receives marketing approval for infliximab biobetter - Sorrento Therapeutics announced that its partner Mabpharm has received approval of its New Drug Application for its infliximab biobetter antibody in China. Sorrento holds exclusive commercial rights to this product outside of China and plans to file a Biologics License Application for the infliximab biobetter antibody in the United States and Europe in 2021. Infliximab is an injectable monoclonal antibody prescription drug used to treat rheumatoid arthritis, Crohn's disease, ulcerative colitis, ankylosing spondylitis, psoriatic arthritis, and the red, scaly skin patches of plaque psoriasis. Infliximab belongs to a class of drugs called tumor necrosis factor inhibitors, which work by suppressing the action of a protein called TNF that is linked to inflammation. It is usually prescribed when other medicines or treatments have failed. Global sales revenue of infliximab in 2020 reached $4.2 billion, making the antibody one of the top 20 blockbuster drugs. Mabpharm's approved biobetter is an anti-TNF-alpha antibody using a CHO expression system, resulting in a better safety profile and lower immunogenicity when compared to the currently marketed TNF-alpha antibody using a murine cell line, while demonstrating the same efficacy as the parent mouse antibody. The Chinese approval covers 6 different indications including adult ulcerative colitis, ankylosing spondylitis, rheumatoid arthritis, adult and childhood Crohn's disease, fistula Crohn's disease, and psoriasis. Sorrento is planning to meet with FDA and EMA to discuss the data package and gain concurrence on the path forward to a BLA or MAA.
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SURG | Hot Stocks09:12 EDT SurgePays announces acquisition of Commander Communication - SurgePays announces its acquisition of Commander Communication, a private provider of prepaid wireless payment and top-up services that are offered to retail customers through its customer base of approximately 500 convenience stores located primarily in Louisiana. "This acquisition brings tremendous potential to increase sales from both the active and inactive stores within Commander's customer base," said Daniel Anderson, National Direct Sales Manager at SurgePays. "Consistent with our recently announced strategy of expanding our in-house sales efforts and using our proprietary BLITZ platform, we have already added two dedicated sales representatives to expand service to the customers within Commander's network. Our sales initiative will look to both expand the existing cellular top-up payment offerings from Commander and supplement these products with all our new fintech products and services, including our private label gift card programs. We see potential to increase the number of active stores within Commander's network as well as sales per store with these additional new products offerings, including the higher-margin, direct-from-manufacturer, wholesale products that see strong sell-through at the retail level offered through our marketplace." SurgePays is expanding its network of active stores, both organically by targeting nearly 34,000 stores in its database with its BLITZ campaign as well as through acquisitions of companies like Commander that have direct relationships with convenience stores that can be further leveraged.
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EVER | Hot Stocks09:12 EDT EverQuote to acquire PolicyFuel for $16M - EverQuote announced that it has signed a definitive agreement to acquire PolicyFuel, LLC and its affiliated entities. PolicyFuel operates in property and casualty insurance verticals, providing policy-sales-as-a-service offerings to its carrier clients. The Company provides fully dedicated advisor teams that focus exclusively on selling each provider's own insurance offerings to its target consumers. With nearly a decade of focus on P&C insurance, PolicyFuel has grown profitably by leveraging deep expertise in converting consumers shopping online for insurance, a proprietary lead management technology, and a highly disciplined approach to unit economics to successfully deliver desired policy growth to its portfolio of trusted carrier partners. The Company's PSaaS offerings enable its carrier clients to complement their own call center operations by having access to fully-dedicated advisor teams that focus exclusively on selling only that provider's offerings to its target customers. In addition to its PSaaS offerings, PolicyFuel also leverages its deep insurance knowledge to provide select carrier clients with warm transfer call services; EverQuote expects the Company's expertise in this area will enhance similar offerings currently provided by EverQuote. The Company reported trailing twelve months revenue through March 31, 2021 of approximately $10 million and is modestly profitable; its principal offices are in Austin and San Antonio, Texas. EverQuote will pay approximately $16 million in cash at closing to acquire PolicyFuel, subject to certain working capital and other adjustments, with additional potential consideration to be paid in EverQuote common stock over three years contingent on the Company achieving growth targets for scaling their PSaaS operations. EverQuote expects the acquisition to close by the end of the third quarter, subject to customary closing conditions. EverQuote plans to fund the acquisition through cash on its balance sheet. More details on the acquisition will be provided in EverQuote's upcoming quarterly earnings call, scheduled for August 2, 2021.
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JBLU AAL | Hot Stocks09:11 EDT JetBlue, American Airlines team on more than 700 daily flights as part of NEA - JetBlue (JBLU) and American Airlines (AAL) "are providing customers the most choice in the Northeast, on the best product, and with a premium experience, as travelers return to the sky. As part of their Northeast Alliance, NEA, JetBlue and American will operate more than 700 daily flights from New York and Boston this winter, giving customers more choice than any other airline can offer. "Our Northeast Alliance with JetBlue gives customers more choices and benefits and raises the bar on offering an industry-leading experience," said Vasu Raja, American's Chief Revenue Officer. "With JetBlue's domestic strength and American's growing international network, we are unlocking more destinations for travelers, more flying for both our teams, a better suite of products and a premium experience in the Northeast," said the companies in a statement.
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TACO | Hot Stocks09:10 EDT Del Taco continues southeast growth with partnership with Consolidated Taco - Del Taco Restaurants announced its new franchise partnership with Consolidated Taco Holdings - a sister company to Consolidated Burger Holdings. Continuing its expansion throughout Florida, where Del Taco has recently seen an influx of growth and development, the deal is expected to bring 12 new Del Taco locations to Florida's Panhandle. "This new multi-unit plan to expand throughout Florida propels us forward in realizing our vision for significant brand growth led by franchisees in the Southeast region of the U.S.," said Jeff Little, Senior Vice President of Development. "Our goal is to continue to partner with successful franchise organizations like CTH who are aligned with Del Taco's commitment to bringing the brand to life by combining great real estate with operational excellence. The CTH team has a phenomenal track record of success in this region and is an ideal partner to continue growing Del Taco's presence and reputation throughout Florida."
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VZ | Hot Stocks09:10 EDT Verizon Fios announces Mix & Match on Fios features - The company said, "No data caps, no extra fees and no annual contracts. Verizon created unmatched value by breaking the TV and home internet bundle, giving customers fast, reliable internet and content the way they want it with Mix & Match on Fios. Now riding a wave of awards for delivering the fastest Internet in America1, Verizon is putting more power into consumers' hands with new Mix & Match on Fios features starting July 22 that offer more value for what they need and options to choose what they want. Starting July 22, customers can sign up for these new features that offer more flexibility for connecting to the internet, watching TV or calling friends and family."
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NVDA | Hot Stocks09:08 EDT Nvidia launches TensorRT 8, smarter, faster AI software - NVIDIA launched TensorRT 8, the eighth generation of the company's AI software, which slashes inference time in half for language queries -- enabling developers to build the world's best-performing search engines, ad recommendations and chatbots and offer them from the cloud to the edge. TensorRT 8's optimizations deliver record-setting speed for language applications, running BERT-Large in 1.2 milliseconds. In the past, companies had to reduce their model size, which resulted in significantly less accurate results. Now, with TensorRT 8, companies can double or triple their model size to achieve improvements in accuracy. "AI models are growing exponentially more complex, and worldwide demand is surging for real-time applications that use AI. That makes it imperative for enterprises to deploy state-of-the-art inferencing solutions," said Greg Estes, vice president of developer programs at NVIDIA. "The latest version of TensorRT introduces new capabilities that enable companies to deliver conversational AI applications to their customers with a level of quality and responsiveness that was never before possible."
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MKSI TTMI | Hot Stocks09:08 EDT MKS Instruments announces order for ESI Geode HDI via drilling system - MKS Instruments, Inc. (MKSI) announced confirmation of an order for the ESI Geode HDI via drilling system from TTM Technologies (TTMI). The financial terms of the order were not disclosed. This order will support TTM's existing manufacturing and future technological development through the use of leading-edge CO2 via drilling technology. Since its recent release to the market, the Geode HDI via drilling system has introduced HDI manufacturers to the performance advantages that ESI technology has provided to Flex PCB manufacturers for decades and has seen strong adoption among the industry's top HDI players.
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ROKU CMCSA | Hot Stocks09:07 EDT NBCUniversal and Roku team ahead of Tokyo Olympics - NBCUniversal (CMCSA) and Roku (ROKU) announced a partnership to bring an all-new, immersive Olympic experience to streamers on the Roku platform in the U.S. The initiative makes it easy for users to access Olympic coverage and Olympics-related entertainment on supported Roku devices and Roku TV models. For the first time ever, Roku is creating easy access to NBCU's 5,500 hours of streaming coverage of the Summer Games directly from the home screen. Additionally, Roku users will be able to access in-depth coverage of the Olympic Games in Tokyo, Japan via the NBC Sports1 or Peacock channels on Roku devices starting July 20, 2021, through August 8. 2020 Tokyo Olympics Roku "As this is Peacock's first Olympics, we saw a great opportunity to bring the games to life across the Roku platform," said Maggie McLean Suniewick, President, Business Development and Partnerships, Direct-to-Consumer, NBCUniversal. "This experience on Roku makes NBC Olympics content unmissable for streamers."
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CMTL | Hot Stocks09:07 EDT Comtech awarded $7.1M multi-year emergency alerts contract - Comtech announced that it has been awarded a $7.1M multi-year contract for the deployment of a cellular-based Wireless Emergency Alerts solution with a mobile network operator. Comtech will install the containerized WEA solution consisting of the Commercial Mobile Service Provider Gateway and Cell Broadcast Center. This service allows the citizens in the area to receive government-issued alerts on their mobile devices warning them of imminent threats to life and property based on location, such as tornado warning alerts.
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ORBC | Hot Stocks09:06 EDT Orbcomm launches wireless Tractor ID sensor - ORBCOMM announced that it has launched a wireless Tractor ID sensor, which enables trailer pairing confirmation for improved driver and operational efficiency. This latest innovation in ORBCOMM's smart truck solution is focused on bringing total tractor to trailer intelligence for enhanced visibility, efficiency, safety and experience to fleets, drivers and their customers. The ORBCOMM Tractor ID sensor's advanced Bluetooth and radar filtering technology ensures the tractor will connect to the desired trailer, while filtering out nearby trailers that could otherwise lead to inaccurate pairings. The Tractor ID sensor immediately determines a correct or incorrect tractor-trailer pairing, the beginning or ending of moves and trailer connects or disconnects. When the driver connects to a trailer, an automated notification is sent through the integrated ORBCOMM platform to the customer's dispatch system to validate the proper trailer connection before the driver leaves the yard. The ruggedized peripheral contains a built-in battery designed to last 7-plus years, ensuring continuous usage without requiring an external power source, and saves power by remaining latent until it finds a unit to connect to. Currently, ORBCOMM's reliable sensor integrates exclusively with its solar-powered telematics device, the GT 1200 series, to improve fleet visibility, monitoring and management. With this enhancement to ORBCOMM's smart truck portfolio, transportation customers can leverage a complete, nose-to-tail solution to gain deep data insights, keep their drivers safe and streamline their operations.
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MMS | Hot Stocks09:06 EDT Maximus awarded two contracts combined worth $151M from IRS - Maximus announced that it had been awarded two contracts from the Internal Revenue Service, or IRS, worth a combined $151M. The two contracts, awarded on the GSA Alliant 2 contract vehicle, will allow a continued partnership between Maximus and the Agency, which initially began in 1991. The first contract is a $76M task, funded by the Office of the Chief Information Officer, with the Treasury Department's IRS to provide Masterfile System Programming Support Services. Under this contract, Maximus will conduct a variety of work for IRS, including implementation of legislation such as the American Recovery Plan and training internal IRS employees for future filing seasons while maintaining the current technology infrastructure. The second contract is a $75M Development, Infrastructure, Security and Modernization, or DISM, task to support the Treasury Department's IRS Office of the Chief Information Officer to provide Technology Integration Office support. As part of the contract, Maximus will assist the IRS with its technology infrastructure, which will include shifting specific content to the cloud for the first time.
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NOK... | Hot Stocks09:05 EDT Nokia, Vodafone launch machine learning product running on Google Cloud - Nokia (NOK) and Vodafone (VOD) have launched a jointly developed machine learning product, running on Google Cloud (GOOG, GOOGL), to quickly detect and remediate network anomalies before they impact Vodafone customers. Based on Nokia Bell Labs technology and developed after a Nokia-Vodafone agreement signed in 2020, the Anomaly Detection Service product is being rolled out across Vodafone's pan-European network. The product quickly detects and troubleshoots irregularities, such as mobile site congestion and interference, and unexpected latency, that can impact customer service quality. Following an initial deployment in Italy on more than 60,000 4G cells, Vodafone will extend the service to all its European markets by early 2022. Anomaly detection is offered "as-a-service," an important dimension to Nokia's Cloud and Network Services' business group strategy, and there are plans to eventually apply Anomaly Detection Service to Vodafone's 5G and core networks. Vodafone expects that around 80 percent of all its anomalous mobile network issues and capacity demands will be automatically detected and addressed using Anomaly Detection Service. Deployment on Google Cloud allows Vodafone engineers to make fast and informed decisions, like boosting capacity where customers need it most, based on data managed through Google Cloud's secure and reliable data and analytics services. On Google Cloud, Anomaly Detection Service allows the streaming of network data to Vodafone's data analytics platform, enabling analysis simultaneously of data across multi-vendor environments. The Nokia-Vodafone deal signed last year complements Vodafone's recent six-year agreement with Google Cloud, also a Nokia partner, to jointly build integrated cloud-based capabilities backed by hubs of networking and software engineering expertise.
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IEA | Hot Stocks09:05 EDT Infrastructure and Energy Alternatives secures $126M construction project - Infrastructure and Energy Alternatives announced that the company was awarded a $126M construction contract from the Illinois Department of Transportation. Work under the contract will be performed by IEA's William Charles Construction and White Construction subsidiaries. The contract is for the reconstruction of the I-57 and I-74 interchange and replacement of the existing, full cloverleaf interchange with a semi-directional interchange composed of two directional flyovers, two loop ramps and two outer ramps in Champaign-Urbana, Illinois. Work on the project is expected to begin in August 2021 and to be completed in November 2023. The proposed improvements include pavement and shoulder milling and resurfacing, ramp reconfiguration and pavement, construction of six new ramps and six new bridges as well as drainage and safety improvements among other items required to complete the planned improvements. This project is part of the Rebuild Illinois capital program under which the state will be investing $33.2B into Illinois' transportation system over a six-year period to improve safety, create jobs and promote economic growth.
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DELL | Hot Stocks09:04 EDT Dell Technologies selected by NBC Olympics as storage provider - NBC Olympics, a division of the NBC Sports Group, has selected Dell to provide high performance storage systems for its production of the Games of the XXXII Olympiad, which take place in Tokyo, Japan. The announcement was made by Darryl Jefferson, vice president, Broadcast Operations & Technology, NBC Olympics and Jeff Boudreau, president and general manager, Infrastructure Solutions Group at Dell Technologies. NBC Olympics will use the Dell EMC PowerScale family of storage systems to digitally store video content captured at the Tokyo Olympics for sharing with viewers in the U.S. PowerScale, powered by Dell EMC OneFS software to easily unify storage clusters on a single intelligent file system, will store and manage petabytes of data across two NBC Olympics production locations in Japan and one remotely at its headquarters in the U.S.
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NURO | Hot Stocks09:03 EDT NeuroMetrix receives FDA breakthrough device designation for Quell device - NeuroMetrix announced that its Quell device has received Breakthrough Designation from the U.S. Food and Drug Administration for treating the symptoms of fibromyalgia in adults. The data submitted by NeuroMetrix in support of the Breakthrough Designation included results from a double-blind, randomized, sham-controlled trial. A total of 119 subjects with fibromyalgia were enrolled and randomized to a standard or modified Quell device for 3-months of at-home use. In an intention-to-treat analysis of all subjects, 56% of those on active treatment exhibited a clinically meaningful improvement in health-related quality-of-life compared to 35% that received sham treatment. There were additional positive outcomes in both the ITT population and in a pre-specified subgroup analysis of subjects with elevated pain sensitivity based on Quantitative Sensory Testing.
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PANW | Hot Stocks09:02 EDT Palo Alto Networks announces Cloud IDS network threat detection service - Palo Alto Networks announced Cloud IDS, or Intrusion Detection System, a jointly developed network threat detection service to help cloud customers solve critical network security challenges. Built with Palo Alto Networks' industry-leading threat detection technologies, Cloud IDS provides simple, managed, cloud native network-based threat detection - offering Google Cloud customers the highest levels of security efficacy in just a few clicks. The new service is the result of a year-long joint design and engineering effort between Google and Palo Alto Networks, focused on combining the best-in-class security of Palo Alto Networks with the simplicity and secure and scalable infrastructure of Google Cloud.
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TCBI | Hot Stocks09:02 EDT Texas Capital appoints Jon Larson as head of Homebuilder and Community Finance - Texas Capital Bank announced that Jon Larson has been appointed Head of Homebuilder and Community Finance, previously known as Specialized Residential Real Estate, effective July 14, 2021. Larson will report to Curtis Burchard, Executive Vice President and Head of Real Estate. As Head of Homebuilder and Community Finance, Mr. Larson will be responsible for leading and supervising the delivery of banking products and solutions nationwide to the homebuilders, developers, and communities we serve. Prior to Texas Capital Bank, he was Senior Vice President, Commercial Real Estate Lending at BBVA USA where he was responsible for serving real estate clients' needs in the southern California market.
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CTSH | Hot Stocks09:02 EDT Cognizant to acquire TQS Integration, terms not disclosed - Cognizant announced it has agreed to acquire TQS Integration, a privately owned global industrial data and intelligence company based in Lismore, Ireland. TQS delivers manufacturing data intelligence, global technology consulting and digital systems integration to help manufacturers accelerate their digital transformations. Founded in 1998, TQS services clients in the life sciences, food and beverage, and energy and renewables industries. The transaction is expected to close in the third quarter, subject to satisfaction of closing conditions. Financial details were not disclosed.
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PLTR | Hot Stocks09:00 EDT Palantir launches Foundry for Builders initiative - Palantir Technologies announced the launch of Foundry for Builders, an initiative dedicated to supporting early-stage companies by providing them with the Palantir Foundry platform, helping support their growth. For Palantir, Foundry for Builders marks a continued expansion of its business beyond large organizations with complex data environments to younger companies. Under Foundry for Builders, Palantir will sell Foundry to start-ups under a subscription model, first to companies connected to Palantir alumni, before expanding the initiative to other early stage companies. The first group of companies are start-ups in varied sectors, ranging from healthcare to robotics, to software and fintech.
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PLTR | Hot Stocks08:59 EDT Palantir launches Foundry for Builders initiative - Palantir Technologies announced the launch of Foundry for Builders, an initiative dedicated to supporting early-stage companies by providing them with the Palantir Foundry platform, helping support their growth. For Palantir, Foundry for Builders marks a continued expansion of its business beyond large organizations with complex data environments to younger companies.
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GLNG | Hot Stocks08:51 EDT Golar, Perenco, SNH agree to increase capacity utilization of FLNG Hilli Episeyo - Golar LNG announces that it has agreed with Perenco Cameroon and Societe Nationale des Hydrocarbures to increase utilisation of the FLNG Hilli Episeyo. Commencing 2022 the capacity utilisation of Hilli will increase by 200,000 tons of LNG, bringing total utilisation in 2022 to 1.4 million tons. The tolling fee for the 2022 incremental capacity is linked to European gas prices at the Dutch Title Transfer Facility. At current average 2022 TTF gas prices the increased capacity utilization represents an expected US$26.1m in incremental Adjusted EBITDA. For each $1.00/mmBtu change in TTF, this Adjusted EBITDA will increase by $3.7m. In addition to the 2022 capacity increase, Perenco and SNH intend to drill and appraise 2 to 3 incremental natural gas wells during 2021, and subsequently upgrade upstream facilities in 2022 to support further sustained increases in production from 2023 onward. Under the Agreement, Perenco and SNH are granted an option to increase capacity utilisation of Hilli by up to 400,000 tons of LNG per year from January 2023 through to the end of the current contract term in 2026. This has the potential to increase total annual LNG production from Hilli to 1.6 million tons from January 2023 onwards. The tolling fee for the 2023+ incremental capacity will also be linked to TTF. Based on current average 2023 TTF gas prices the additional 400,000 tons of production would generate US$30.4m of incremental annual Adjusted EBITDA. For each $1.00/mmBtu change in TTF, this Adjusted EBITDA will increase by $7.4m. The Option must be declared during the third quarter of 2022.At current TTF future prices, and assuming the Option is exercised, the incremental Adjusted EBITDA backlog of the potential increase in capacity utilization for Hilli from 2022 until July 2026 is expected to be around $113m. Golar has an 86.9% economic interest in the incremental Adjusted EBITDA generated as a result of the Agreement. The Agreement will not change any existing terms, conditions, tolling fees or the Brent Oil link associated with trains 1 and 2.
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CCL CUK | Hot Stocks08:46 EDT Carnival expects to operate up to 75% of fleet capacity by end of 2021 - Carnival announced that it expects to resume guest cruise operations with 65% of its total fleet capacity by the end of 2021 across eight of its world-leading cruise line brands. Additionally, Carnival Cruise Line has announced plans that envision the brand's entire fleet returning to service by the end of 2021, which would further increase Carnival Corporation's total operating capacity to nearly 75% by the end of the year. Eight of the company's nine brands - AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, Princess Cruises, P&O Cruises (UK) and Seabourn - have announced plans to resume guest operations on 54 ships to date through the end of 2021, with nearly half of the capacity represented by ships homeported in the U.S. In addition to those ships previously announced by the company's brands, Carnival Cruise Line's intent to return to full fleet service in 2021 would add another nine vessels, totaling 63 ships to date that are expected to resume guest operations this year. Further brand restart announcements are expected in coming weeks, including resumption plans for more ships and itineraries for 2021. Collectively, the brands are continuing to resume operations from ports around the world using a gradual, phased-in approach, including sailings in the U.S., Caribbean, Europe and Mediterranean, along with itineraries planned in Central America and to Antarctica, among others. The cruises include enhanced health protocols developed in conjunction with government and health authorities, and informed by guidance from the company's public health, epidemiological and policy experts.
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EMN | Hot Stocks08:42 EDT Eastman Chemical announces collaboration with USAMP and PADNOS - Eastman announced a collaboration with the U.S. Automotive Materials Partnership, or USAMP, and automotive recycler PADNOS for a concept feasibility study to demonstrate a closed-loop project to recycle automotive-industry mixed plastic waste in the automotive supply chain. USAMP is a subsidiary of the U.S. Council for Automotive Research, or USCAR. When automobiles are at the end of their life, metals, tires, and glass account for 80%-90% of the materials that can be recycled through traditional mechanical recycling streams. The other 10%-20%, referred to as automotive shedder residue, consists of mixed plastic and other non-recycled materials that currently end up in landfills or are recovered through waste-to-energy technologies. Under this initiative PADNOS will use ASR as a sustainable feedstock for Eastman's molecular recycling process, creating a truly circular solution.
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IMNM | Hot Stocks08:40 EDT Immunome jumps 43% after announcing data on IMM-BCP-01 against Delta variant - Shares of Immunome are up over 43% at $23.87 after the company announced that its three-drug cocktail IMM-BCP-01 has demonstrated potent neutralizing activity against the SARS-CoV-2 Delta variant in pre-clinical pseudovirus testing.
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SONM | Hot Stocks08:39 EDT Sonim announces partnership with 4K Solutions - Sonim Technologies announced a new partnership with leading communications provider, 4K Solutions, to launch its next generation Mobile Broadband Kit - Elite, or MBK-Elite, designed exclusively to support the Sonim XP8 ultra-rugged Android handset. The MBK-Elite is an all-in-one, portable communication solution that provides emergency and public safety teams with reliable access and connectivity, even in the most dangerous and remote mission-critical situations.
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ULCC MCD | Hot Stocks08:38 EDT Frontier Group announces appointment of Kumpf to board of directors - Frontier Group (ULCC), parent company of Frontier Airlines, announced the appointment of Ofelia Kumpf to the company's board of directors. Kumpf is currently Field Vice President, Long Beach Field Office for McDonald's (MCD).
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CACI | Hot Stocks08:37 EDT CACI gets DTRA order worth $1.4B to continue provide support in deterring WMD - CACI International has been awarded the Defense Threat Reduction Agency's, DTRA, Decisive Action Task order, a single-award task order worth approximately $1.4B to continue providing DTRA with mission expertise in support of countering and deterring Weapons of Mass Destruction, WMD, and threat networks. This task order continues and expands CACI's previous work as part of the Joint Improvised-Threat Defeat Organization's, JIDO Focused Support/Decisive Effort, FS/DE, task order. Under this task order, CACI will provide DTRA with a wide range of analytical expertise to drive and enable mission solutions to counter and deter multi-faceted threats. CACI will also enhance the agency's situational understanding of threat networks and support combatant commands with the integration of analysis, capabilities, and technologies, to defeat adversary networks that pose a threat. The task order has a one-year period of performance with four one-year options and was awarded under the General Services
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EQS | Hot Stocks08:37 EDT Custodian Ventures announces 5.1% ownership interest in Equus Total Return - Custodian Ventures filed a Schedule 13D announcing its acquisition of approximately 5.1% of the common stock outstanding of Equus Total Return. David Lazar, CEO of Custodian Ventures, issued the following statement: "We invested in EQS due to the Company's stated intention to pursue a transformative transaction that would result in its restructuring into an operating company and the steps that management and the Board of Directors have taken to date to facilitate such a potential strategic transformation. We will continue to monitor the Company's developments and encourage its leadership to build on the forward progress it has already made on its current strategy."
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IPWR | Hot Stocks08:37 EDT Ideal Power to sample B-TRAN directional power switches with automaker - Ideal Power announced that a top 10 global automaker will be sampling B-TRAN devices for electric vehicle drivetrain, power conversion, circuit protection and other EV applications. This represents Ideal Power's first sampling announcement in the EV space. After substantial technical and commercial briefings on B-TRAN and its capabilities, the global automaker will bring resources from their advanced technology engineering team to test and evaluate B-TRAN and its driver for EV applications. The feedback and data from this testing will be shared with Ideal Power for incorporation into our commercial intelligent power module and potentially custom modules for EV applications. "We are excited to make the first of what we expect to be several announcements for the evaluation and potential adoption of B-TRAN for electric vehicle applications," stated Dan Brdar, President and Chief Executive Officer of Ideal Power. "Based on our discussions with large global automobile manufacturers and their Tier 1 suppliers, we believe B-TRAN can have a meaningful impact on the drivetrain efficiency and range of electric vehicles and potentially enable more economic and efficient new drivetrain architectures. As B-TRAN can offer substantial performance improvements over conventional power semiconductors in applications across many sectors, we are also engaged in ongoing engineering sampling discussions with power equipment manufacturers, both large and small, in renewable energy, data centers and other industrial and utility applications."
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FEMY | Hot Stocks08:35 EDT Femasys announces first patient treated in trial for FemaSeed - Femasys announced the initiation and first patient treated in a pivotal trial evaluating FemaSeed, a first in class, localized directional insemination product candidate for infertility. The LOCAL trial will be conducted across approximately 20 centers in the United States and is expected to enroll up to 792 patients diagnosed as infertile. The primary endpoints of the study are to determine the effectiveness and safety over a period of 7 weeks.
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BMI | Hot Stocks08:35 EDT Badger Meter provides update on strategic review, outlook - Bockhorst continued, "Our expanding portfolio of end-to-end smart water offerings bring flexibility, insight and proactive intelligence for optimal water management to our customers. The sustained high order level is evidence that utility and industrial customers are willing to invest in our innovative and industry leading solutions. We remain focused on converting our robust order book, opportunity pipeline and existing record backlog into sales as we continue to navigate the broad-based waves of component shortages, allocations and lengthened lead times that we anticipate will persist at least through the remainder of the year. In addition, we are generating strong profitability amidst what is a more challenging price/cost environment, with our focus on value-based pricing. Finally, we are advancing the already strong progress on acquisition integration and execution of related growth strategies. Our strong cash flow and credit availability provide us with ample financial flexibility to execute our capital allocation priorities and invest in growth. We recently upsized our credit facility to $150 million, adding an accordion and other features as part of the replacement of our expiring facility. We currently have no outstanding borrowings on the credit facility. Badger Meter has a proven portfolio of solutions to solve customers' water management needs. Healthy demand for these innovative and trusted offerings, along with our strong balance sheet, give us confidence in our long term growth outlook as we help to preserve the world's most precious resource."
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MDCA | Hot Stocks08:35 EDT Glass Lewis, ISS urge MDCA holders to vote 'FOR' amended deal with Stagwell - MDC Partners announced that independent proxy advisory firm Glass Lewis & Co. has joined Institutional Shareholder Services in recommending that MDC shareholders vote "FOR" the proposal to approve the combination of MDC with certain subsidiaries of Stagwell Media LP at the company's Special Meeting of Shareholders, scheduled to be held on July 26.
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ZSAN | Hot Stocks08:35 EDT Zosano Pharma announces issuance of patent covering method of use of M207 - Zosano Pharma announced that it has been granted an additional patent covering method of use of M207 with the issuance of U.S. Patent No. 11,058,630 titled Method of Rapidly Achieving Therapeutic Concentrations of Triptans for the Treatment of Migraines. The newly issued patent covers methods for the release of active drug from Zosano's microneedle system in about one minute and reaching potentially therapeutic levels as quickly as 30 minutes upon application. This latest patent adds to Zosano's M207 patent portfolio, which now includes two U.S. patents with claims covering composition of matter and method of use for M207 with expirations in 2037.
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PHUN | Hot Stocks08:33 EDT Phunware adds third pediatric healthcare customer win for MaaS digital solution - Phunware announced that it has closed its third pediatric Multiscreen-as-a-Service platform licensing win for a patient-centric, digital front door mobile application portfolio with one of the nation's largest pediatric health systems. Phunware fast-tracks mobile solution deployments for healthcare systems and helps establish digital front doors and advanced patient experiences in support of pandemic response and clinical care efforts. Native mobile applications on iOS and Android provide a unique software layer that enables healthcare organizations to access all of Phunware's features and capabilities to drive better engagement and care. Customers licensing MaaS for their digital front doors benefit from Phunware's patented Location Based Services software and Beacon Maintenance solution to deliver proximity, sub-one-second real-time blue dot indoor positioning, navigation and wayfinding functionality across any campus or facility while simplifying and streamlining the underlying beacon deployment and management for both the facility staff and administrators alike.
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QTS... | Hot Stocks08:33 EDT QTS Realty Trust announces expiration of 40 day "go-shop" period - QTS Realty Trust (QTS) announced the expiration of the 40 day "go-shop" period pursuant to the previously announced definitive merger agreement under which Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust and other long-term perpetual capital vehicles managed by Blackstone will acquire all outstanding shares of QTS common stock for $78.00 per share in an all cash transaction. The "go-shop" period expired at 11:59 p.m. Eastern Time on July 17. During the "go-shop" period, QTS, with the assistance of its financial advisors Jefferies (JEF) and Morgan Stanley & Co. (MS), actively solicited alternative acquisition proposals from potentially interested third parties. The transaction is expected to close in the second half of 2021, subject to approval by QTS' stockholders and the satisfaction of other customary closing conditions.
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GRWG | Hot Stocks08:31 EDT GrowGeneration acquires Aqua Serene, terms not disclosed - GrowGeneration announced its acquisition of Aqua Serene, a southern Oregon-based hydroponic garden center with stores in Eugene and Ashland, Oregon. Aqua Serene is one of Oregon's largest indoor/outdoor garden center, with revenue of over $14M annually. Aqua Serene has provided Oregon growers with specialty hydroponic supplies and professional horticultural consultation services for over two decades. The Aqua Serene team of 10 employees will join GrowGen's team of over 600 grow professionals as part of the transaction.
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SYF | Hot Stocks08:28 EDT Synchrony feels 'pretty bullish' around current economic trends
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SYF | Hot Stocks08:28 EDT Synchrony sees delinquencies beginning to rise 'sometime' in 2H21 - Sees peak delinquencies in mid-2022, translating to net charge-off peak in late 2022.
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MCHP | Hot Stocks08:26 EDT Microchip announces availability of LAN867x family of 10BASE-T1S PHYs - The LAN867x family of 10BASE-T1S PHYs, a new solution available from Microchip Technology expands Ethernet connectivity to the very edges of industrial networks, simplifying architectures and reducing risk for designers. Microchip's LAN867x Ethernet Physical Layer transceivers are high-performance, small-footprint devices enabling connections to standard system devices including sensors and actuators that previously required their own communication systems.
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CRNC | Hot Stocks08:24 EDT Cerence to voice-enable in-vehicle app store platform from HARMAN - Cerence announced that it is partnering with HARMAN to voice-enable third-party applications available in the HARMAN Ignite Store. "With Cerence AI-powered voice recognition, automakers who deploy HARMAN Ignite Store can offer hands-free, secure access to the platform's extensive capabilities, bringing an intuitive, powerful experience to their drivers," the company said. HARMAN leverages Cerence embedded and cloud voice recognition, natural language understanding, and text-to-speech to voice-enable the third-party applications that are part of the HARMAN Ignite Store and connected services. In addition to applications and services enabled by third-party developers, OEMs will also be able to offer several key domains such as Universal Destination Entry, navigation, car control, HVAC control, and other Cerence Domains, to ensure a comprehensive and intuitive end user experience.
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TCON | Hot Stocks08:24 EDT Tracon appoints Brenda Marczi as SVP, regulatory affairs - TRACON Pharmaceuticals announced the appointment of Brenda Marczi, PharmD, as Senior Vice President, Regulatory Affairs, and the granting of an inducement equity award to Dr. Marczi. Marczi's past roles include Vice President, Regulatory Affairs at Ferring Pharmaceuticals where she was responsible for all U.S. regulatory activities, including the launch and commercialization activities for the breakthrough designation gene therapy product for non-muscle invasive bladder cancer. In connection with the appointment of Dr. Marczi as Sr. Vice President, Regulatory Affairs, Dr. Marczi was issued an inducement award consisting of an option to purchase an aggregate of 60,000 shares of the Company's common stock. The option was granted in accordance with Nasdaq Listing Rule 5635(c)(4) under the TRACON Pharmaceuticals, Inc. Amended and Restated 2015 Equity Incentive Plan and was approved by TRACON's Compensation Committee. The option has an exercise price per share equal to $4.90, which was the closing price of TRACON's common stock on the Nasdaq Capital Market on the date of grant. The option vests over four years, with 25% of the option shares vesting on the first anniversary of the date of grant and the remaining 75% of the option shares vesting in monthly installments over the three years thereafter. The option has a 10-year term, and is subject to the terms and conditions of the 2015 Plan and applicable stock option agreement.
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CVSI | Hot Stocks08:23 EDT CV Sciences, University of California publish study on cannabidiol efficacy - CV Sciences announced progress toward its goal of developing and commercializing a CBD-based pharmaceutical to treat nicotine addiction in smokeless tobacco users. The company, in collaboration with researchers from the University of California, San Diego, published a preclinical study demonstrating the efficacy of chronic CBD treatment in reducing nicotine dependence using measures of withdrawal symptoms. In animal models, CBD has shown to reduce craving of alcohol and cocaine use and is known to modulate nicotinic receptor function. In this study, rats dependent on nicotine and experiencing withdrawals were treated with CBD. Treatment prevented the animals from exhibiting withdrawal symptoms - including increased pain sensitivity and weight gain - during short- and long-term nicotine restriction. "We are very pleased with the outcome of the research completed in collaboration with UC San Diego, which further validates our years of investment and hard work," said Joseph Dowling, Chief Executive Officer of CV Sciences. "This study marked a key milestone in CV Sciences' smokeless tobacco addiction treatment R&D efforts and further extends our potential product development opportunities to commercialize the world's first and only FDA-approved treatment for smokeless tobacco addiction to address a huge unmet medical need and global health issue."
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OBNNF | Hot Stocks08:22 EDT Osisko Mining reports results from ongoing program at Windfall gold project - Osisko Mining is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec. Significant new analytical results presented below include 96 intercepts in 25 drill holes and 20 wedges. The infill intercepts are located inside defined February 2021 mineral resource estimate blocks. The expansion intercepts are located outside the February 2021 MRE blocks and either expand resource wireframes or are in a defined zone or corridor but do not yet correlate to a specific wireframe. Osisko CEO John Burzynski commented: "The drill program at Windfall continues to deliver positive results. Both headline holes are infill holes from two different zones. Further, the first two intervals in hole OSK-W-21-2123-W5 extended Lynx 4 wireframe-3170 25 meters to depth and the third interval is in an adjacent area currently being modelled. Expansion drilling in the Triple Lynx corridor following up on hole OSK-W-20-2371-W1 which intersected 123 g/t Au over 2.4 meters successfully intercepted this new zone with the last interval in hole OSK-W-21-2275-W7. All these results will be included in the resource estimate update by the end of the year". Selected high-grade intercepts include: 96.7 g/t Au over 2.2 metres and 29.3 g/t Au over 5.2 metres in WST-21-0824; 49.9 g/t Au over 4.0 metres in OSK-W-21-2503-W1; 97.4 g/t Au over 2.0 metres in OSK-W-21-2512-W1; 69.9 g/t Au over 2.4 metres in OSK-W-21-2522; 67.0 g/t Au over 2.1 metres in WST-21-0791; 28.7 g/t Au over 4.1 metres in WST-21-0797A; 51.9 g/t Au over 2.2 metres in OSK-W-21-2512.
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SYF | Hot Stocks08:21 EDT Synchrony sees increasing NIM in 2H
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DHC FVE | Hot Stocks08:21 EDT Diversified Healthcare transitions 108 senior facilities into new operators - Diversified Healthcare Trust (DHC) announced that it has entered into three new management agreements for a total of 66 communities with 4,084 units in its Senior Housing Operating Portfolio ,SHOP as follows: Charter Senior Living will manage communities in Florida, Maryland, Tennessee and Virginia; Oaks-CaraVita Senior Care will manage communities in Georgia and South Carolina; and Phoenix Senior Living will manage communities in Alabama, Arkansas, Kentucky, Missouri, North Carolina and South Carolina. These three agreements represent approximately 61% of DHC's SHOP communities to be transitioned from Five Star Senior Living (FVE), or Five Star, to other third-party operators as previously announced. Jennifer Francis, President and Chief Executive Officer of Diversified Healthcare Trust, commented, "We continue to make progress in ensuring our communities are managed by the best possible operators. We are pleased to announce the transition of communities to operators we have identified as best in class for the markets served. These new agreements are generally for five years at market terms, which include base and incentive management fees. In certain circumstances, these agreements provide terms that are more favorable to the new operators than our existing management agreements with Five Star, which we believe will provide strong incentives for performance and alignment of interests as well as facilitate a faster recovery of the transitioning communities with the new operators. We believe we remain on schedule to complete all of the transitions by year-end and are excited to engage with new operators who bring new perspectives and expertise to our communities as we begin to recover from the COVID-19 pandemic."
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BLDE | Hot Stocks08:20 EDT Cathie Wood's ARK Investment bought 198K shares of Blade Air Mobility yesterday
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PTRA F | Hot Stocks08:19 EDT Proterra, ROUSH CleanTech, Penske collaborate on electric commercial trucks - ROUSH CleanTech, Penske Truck Leasing, and Proterra (PTRA) announced a new collaboration under which Proterra will supply its battery technology to ROUSH CleanTech for the development of its next-generation Ford (F) F-650 all-electric commercial truck. ROUSH CleanTech will integrate its advanced clean technology and control systems to leverage Ford's medium-duty chassis and Proterra's battery technology to Penske Truck Leasing, which will be the first customer for this next-generation product. In addition, the three companies will collaborate on continued fleet electrification, including charging and an ecosystem of solutions that will make the transition to electric more seamless for fleets. The all-electric ROUSH CleanTech Ford F-650 is a purpose-built Class 6 commercial electric vehicle that is available in several configurations including utility trucks, shuttle buses, and box trucks.
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MGA | Hot Stocks08:19 EDT Cathie Wood's ARK Investment discloses 89.1K shares of Magna bought yesterday
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COIN | Hot Stocks08:17 EDT Cathie Wood's ARK Investment discloses 72K shares of Coinbase bought yesterday
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RLMD | Hot Stocks08:17 EDT Relmada acquires rights to novel psilocybin, derivate program from Arbormentis - Relmada Therapeutics announced the acquisition of development and commercial rights to a novel psilocybin and derivate program from Arbormentis LLC in all ex-Asia territories, including the U.S. and Europe. Relmada will collaborate with Arbormentis on the development of new therapies targeting neurological and psychiatric disorders, leveraging its understanding of neuroplasticity, and focusing on this emerging new class of drugs targeting the neuroplastogen mechanism of action. Importantly, neuroplasticity plays a key role in the activity of REL-1017, Relmada' s lead program, which is currently in Phase III for the treatment of depression. Under the terms of the agreement, Relmada will pay Arbormentis LLC an upfront fee of $15M, consisting of a mix of cash and equity, in addition to potential milestone payments totaling in excess of $150M, related to pre-specified development and commercialization milestones. Arbormentis LLC is also eligible to receive a low single digit royalty on any commercialized therapy resulting from this agreement. The development of REL-1017 is progressing as planned, and we continue to expect top-line data from the human abuse potential study assessing REL-1017 as compared to oxycodone in July 2021.
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BEEM | Hot Stocks08:17 EDT Beam Global sets record for longest flight in a production electric aircraft - Beam Global announced it successfully set the world record for the longest flight in a production electric aircraft powered by off-grid, renewable solar energy, proving zero emissions aviation is here. Starting in Fresno, the Pipistrel Alpha Electro aircraft flew 227 nautical miles over Central California with stops in Madera, Merced, Modesto and Lodi before following the same flight path back to Fresno. Beam Global partnered with Pilot Joseph Oldham, Founder and CEO of New Vision Aviation, to make the trip possible. EV ARC electric vehicle charging equipment was rapidly deployed at several airports, and in some cases relocated to support the multi-leg flight, demonstrating that airports can support the electrification of aviation without construction, electrical work or large utility charges. Currently, 62% of electricity from the grid in the U.S. is sourced from fossil fuels and 29% of greenhouse gas emissions comes from the transportation sector according to an April U.S. EPA report on Sources of Greenhouse Gas Emissions. As the momentum behind the electrification of transportation continues to grow globally, this world record highlights the coming renewable revolution of air travel ushering in a new era of clean transportation. These efforts are being led by the state of California, where Governor Gavin Newsom has dedicated a portion of the proposed 2021 state budget to mitigating the dangers posed by climate change, including efforts to prioritize zero-emission transportation.
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ALHC | Hot Stocks08:16 EDT Alignment Healthcare achieves HITRUST CSF certification - Medicare Advantage company Alignment Healthcare announced that its core components of data and technology platform AVA has earned Certified status for information security by HITRUST. HITRUST CSF Certified status demonstrates that the organization's AVA Medicare platform has met key regulations and industry-defined requirements and is appropriately managing risk. "Protecting our members' health and personal data is one of our top priorities and responsibilities and we are pleased to receive the HITRUST certification to further demonstrate our commitment to security and privacy," said John Kao, founder and CEO, Alignment Healthcare. "With more seniors turning to virtual care and the digital transformation rapidly taking place in our industry, it is important to live up to the highest standards of protection to keep our networks secure and safe for our members."
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ALDX | Hot Stocks08:16 EDT Aldeyra's ADX-2191 granted orphan drug designation by FDA to treat PVRL - Aldeyra Therapeutics announced that the U.S. Food and Drug Administration, FDA, has granted orphan drug designation to the company for ADX-2191,methotrexate for intravitreal injection, for the treatment of primary vitreoretinal lymphoma, PVRL. There are no approved treatments for PVRL, a rare, aggressive, high-grade cancer that affects approximately 2,800 people in the United States, with approximately 600 new cases diagnosed annually. "PVRL is an often fatal cancer that creates unique challenges for diagnosis and treatment," stated Todd C. Brady, M.D., Ph.D., President and CEO of Aldeyra. "The FDA's orphan drug designation fosters an important clinical development and commercialization pathway for ADX-2191, which represents the first methotrexate preparation specifically formulated for intraocular injection. The designation is another important step forward for our retinal disease program, complementing our ongoing clinical development of ADX-2191 for the prevention of proliferative vitreoretinopathy, the leading cause of failure of retinal reattachment surgery."
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SYF | Hot Stocks08:16 EDT Synchrony expects RSAs to decline as net charge-offs begin to rise - Comments taken from Q2 earnings conference call.
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SSTI | Hot Stocks08:14 EDT ShotSpotter appoints Roberta Jacobson to board of directors - ShotSpotter announced the addition of Ambassador Roberta Jacobson to its board of directors, effective July 19, 2021. With these changes, ShotSpotter's board composition expands to eight total directors, seven of whom are independent. Jacobson brings more than 30 years of experience in public service, diplomacy, and international relations to ShotSpotter. Jacobson currently serves as a Senior Advisor at Albright Stonebridge Group.
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HEOFF | Hot Stocks08:14 EDT H2O Innovation signs operation, maintenance contract worth $10.4M - H2O Innovation is proud to announce it has recently been awarded an Operation and Maintenance contract for the City of Laurel, MS with a total value of $10.4 M over 4 years, bringing the Corporation's O&M sales backlog to $83.2 M. This contract was awarded as part of a call for tenders that the City launched with the aim of privatizing some of its public services. This new agreement includes O&M services for the upkeep of Laurel's streets and drainage systems and repairs of its municipal fleet. As part of the contract, the Corporation will welcome 33 new employees as of August 1st, 2021, who are currently working for the City, to ensure seamless performance on the contract requirements.
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PSWW | Hot Stocks08:13 EDT Principal Solar, IPLTech Electric to develop heavy duty EV trucks - Principal Solar announced that it has executed a Development Agreement with India-based heavy electric vehicle maker IPLTech Electric. Per the terms of the Agreement, upon completion of the development of a pure electric truck prototype, Principal and IPLTech will enter into a Licensing Agreement in which Principal will receive a license to deploy IPLT's technologies in U.S. truck platforms. The Agreement also provides an opportunity for the Company to co-invest in IPLTech alongside private equity funds. In exchange, the Company will receive a combination of exclusive and non-exclusive rights to commercialize IPLT's proprietary technologies for North American markets. Per the terms of the Agreement, in exchange for the License, the Company will contract with IPLT to develop a working prototype in India, for North American markets. Principal will assist IPLT in acquiring the approvals necessary for the prototype to operate on U.S. roads.
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LCTX | Hot Stocks08:13 EDT Lineage Cell Therapeutics reports updated interim OpRegen study results - Lineage Cell Therapeutics reported updated interim results from its ongoing, 24-patient Phase 1/2a clinical study of its lead product candidate, OpRegen. OpRegen is an investigational cell therapy consisting of allogeneic retinal pigment epithelium, or RPE, cells, administered one time to the subretinal space, for the treatment of dry age-related macular degeneratio, or AMD, with geographic atrophy, or GA. These updated results include a minimum of six months of follow-up in all 24 patients treated with OpRegen, including all 12 patients treated in Cohort 4, which had better baseline vision and smaller areas of GA at baseline than earlier cohorts. Overall, 83% of the Cohort 4 patients' treated eyes continued to be at or above baseline visual acuity at their last assessment, based on per protocol scheduled visits ranging from six months to approximately three years post-transplant. Improvements in best corrected visual acuity, or BCVA, for Cohort 4 patients reached up to +19 letters on the Early Treatment Diabetic Retinopathy Study, or ETDRS, chart. In contrast, 83% of the patients' untreated eyes were below pre-treatment baseline values at the same time points. Among the six Cohort 4 patients treated between September and November 2020, three continue to exhibit marked improvements in BCVA ranging from +8 to +18 letters at their last scheduled assessments of at least six months. Two additional Cohort 4 patients experienced a gain between +2 and +4 letters from their baseline values. One Cohort 4 patient measured 6 letters below baseline. Previously reported structural improvements in the retina, decreases in drusen density, and a trend toward slower GA progression in treated compared to untreated eyes continued to be present. Overall, OpRegen has been well tolerated with no unexpected adverse events or serious adverse events. "This update further reinforces our view that a suspension of OpRegen RPE cells can generate clinically meaningful anatomical and functional outcomes in patients with dry AMD with GA, particularly in those with earlier-stage atrophic disease. Not only has OpRegen generated the only known cases of retinal tissue restoration in previously confirmed atrophic areas in humans, but it also has provided a durable functional benefit of improved visual acuity in the majority of the twelve better vision, earlier-stage patients treated in the ongoing clinical study. As these data continue to mature, we will work with our advisors in preparation for a meeting with the FDA this year, where we intend to discuss our proposed next steps for further clinical development of OpRegen," said Brian Culley, Lineage CEO.
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CYBE | Hot Stocks08:13 EDT Cyberoptics gets new $2.4M follow-on orders for SQ3000 system - CyberOptics announced that it has received new follow-on orders valued at approximately $2.4M for its SQ3000 Multi-Function systems for in-line inspection and metrology in printer cartridge component manufacturing processes. Revenue from these orders is expected to be recognized in late 2021 or early 2022.
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ASMB | Hot Stocks08:10 EDT Assembly Biosciences appoints Michael Houghton to board of directors - Assembly Biosciences announced that Sir Michael Houghton, PhD, has been appointed to the company's board of directors. Houghton was awarded the 2020 Nobel Prize in Physiology or Medicine along with two other research scientists in recognition of their discovery of the hepatitis C virus in 1989. Houghton will also serve as a member of Assembly Bio's Science and Technology Committee. Houghton is currently director of the Li Ka Shing Applied Virology Institute at the University of Alberta in Edmonton, AB Canada.
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MJARF | Hot Stocks08:10 EDT MJardin Group brand Flint & Embers ships first orders to Ontario Cannabis Store - MJardin Group has successfully shipped its first orders of cannabis to the Ontario Cannabis Store for retail sale. The OCS is Ontario's only legal online retailer and is responsible for the wholesale distribution of recreational cannabis products to private retailers in the province. MJardin expects its Flint & Embers products to be available for purchase from private cannabis retailers throughout Ontario as well as online through the OCS at www.ocs.ca prior to the end of July 2021.
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WVE | Hot Stocks08:09 EDT Wave Life Sciences initiates dosing in Phase 1b/2a FOCUS-C9 trial of WVE-004 - Wave Life Sciences announced that multiple participants have initiated dosing in the Phase 1b/2a FOCUS-C9 clinical trial evaluating WVE-004 as an investigational treatment for C9orf72-associated amyotrophic lateral sclerosis and frontotemporal dementia. "ALS and FTD are devastating illnesses where therapeutic progress has been extremely limited. Advancing discovery and development of new treatments for ALS and FTD is an urgent need that requires creativity, expediency and innovative thinking," said Michael Panzara, MD, MPH, Chief Medical Officer and Head of Therapeutics Discovery and Development at Wave Life Sciences. "The predicted pharmacology of WVE-004, afforded by PN chemistry and based upon in vivo models, allowed us to design FOCUS-C9 to be adaptive, enabling data-driven decisions regarding dose level and frequency as the trial proceeds and potentially accelerating time to proof-of-concept. Opening the FOCUS-C9 trial to those diagnosed with C9orf72-associated ALS or FTD may also facilitate the ability to pursue both indications in the future. We anticipate generating clinical data in 2022 that will enable decision-making on next steps for the program." The FOCUS-C9 trial is a global, multicenter, randomized, double-blind, placebo-controlled Phase 1b/2a clinical trial to assess the safety and tolerability of single- and multiple-ascending intrathecal doses of WVE-004 for people with C9-ALS and/or C9-FTD. Additional objectives include measurement of polyGP DPR proteins in the cerebrospinal fluid, plasma and CSF pharmacokinetics, and exploratory biomarkers and clinical outcomes. The FOCUS-C9 trial is expected to enroll approximately 50 participants. WVE-004 incorporates Wave's novel PN backbone chemistry modifications, which have been shown in preclinical studies to enhance potency, exposure, and durability. In addition to WVE-004, Wave is advancing two other proof-of-concept trials with PN chemistry-containing investigational candidates: WVE-003 targeting SNP3 in Huntington's disease and WVE-N531 targeting exon 53 in Duchenne muscular dystrophy.
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OEG CHTR | Hot Stocks08:08 EDT Orbital Energy subsidiary awarded construction project from Charter - Orbital Energy Group (OEG) announced that its subsidiary, Gibson Technical Services, or GTS, has been awarded a project from Charter Communications (CHTR) for approximately 8,600-miles of "full-service construction" across three U.S. states: Louisiana, Alabama, and North Carolina. The Project is part of the Federal Government's Rural Digital Opportunity Fund for rural fiber buildouts. The RDOF extends the Federal Communication Commission's, or FCC, Connect America Fund and will provide $20.4B in funding over a ten-year period to support broadband networks in rural communities across the country. The Project is scheduled to begin immediately and extend over the next 5-6 years.
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ATNF | Hot Stocks08:08 EDT 180 Life Sciences regains Nasdaq compliance under listing rule - 180 Life Sciences announced that it has regained Nasdaq Compliance under listing rule 5250(c)(1). As previously disclosed in the Current Report on Form 8-K, filed by 180 Life Sciences Corp. with the Securities and Exchange Commission on April 19, 2021, the Listing Qualifications Department of the Nasdaq Stock Market notified the Company that it did not comply with Nasdaq Listing Rule 5250(c)(1) because it had not yet filed its Annual Report on Form 10-K for the year ended December 31, 2020 with the Securities and Exchange Commission. Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the SEC. As previously disclosed in the Current Report on Form 8-K, filed by the Company with the Commission on May 21, 2021, the Listing Qualifications Department of Nasdaq notified the Company that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it had not yet filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 with the SEC. Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the SEC. Nasdaq provided the Company 60 days, or until June 15, 2021, to submit to Nasdaq a plan detailing how the Company intended to regain compliance with Nasdaq's listing rules regarding timely filings. The Company timely submitted such plan and as previously reported in the Current Report on Form 8-K filed by the Company with the Commission on June 28, 2021, on June 22, 2021, the Company received notice from Nasdaq that the Company was granted an extension until July 31, 2021, to regain compliance with Nasdaq's continued listing rule as relates to the untimely filings. Thereafter, on July 9, 2021, the Company submitted its 2020 Form 10-K with the SEC and on July 19, 2021, submitted its Q1 2021 Form 10-Q with the SEC. On July 19, 2021, Nasdaq notified the Company that due to the filing of the previously untimely reports, it has determined that we have regained compliance with Nasdaq Listing Rule 5250(c)(1), and that this matter is now closed.
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LCTX | Hot Stocks08:07 EDT Lineage Cell Therapeutics reports updated interim OpRegen study results - Lineage Cell Therapeutics reported updated interim results from its ongoing, 24-patient Phase 1/2a clinical study of its lead product candidate, OpRegen. OpRegen is an investigational cell therapy consisting of allogeneic retinal pigment epithelium, or RPE, cells, administered one time to the subretinal space, for the treatment of dry age-related macular degeneratio, or AMD, with geographic atrophy, or GA. These updated results include a minimum of six months of follow-up in all 24 patients treated with OpRegen, including all 12 patients treated in Cohort 4, which had better baseline vision and smaller areas of GA at baseline than earlier cohorts. Overall, 83% of the Cohort 4 patients' treated eyes continued to be at or above baseline visual acuity at their last assessment, based on per protocol scheduled visits ranging from six months to approximately three years post-transplant. Improvements in best corrected visual acuity, or BCVA, for Cohort 4 patients reached up to +19 letters on the Early Treatment Diabetic Retinopathy Study, or ETDRS, chart. In contrast, 83% of the patients' untreated eyes were below pre-treatment baseline values at the same time points. Among the six Cohort 4 patients treated between September and November 2020, three continue to exhibit marked improvements in BCVA ranging from +8 to +18 letters at their last scheduled assessments of at least six months. Two additional Cohort 4 patients experienced a gain between +2 and +4 letters from their baseline values. One Cohort 4 patient measured 6 letters below baseline. Previously reported structural improvements in the retina, decreases in drusen density, and a trend toward slower GA progression in treated compared to untreated eyes continued to be present. Overall, OpRegen has been well tolerated with no unexpected adverse events or serious adverse events. Evidence of durable engraftment of OpRegen RPE cells has extended to more than 5 years in the earliest treated patients, supporting the potential for OpRegen to be a one-time treatment. Three patients with evidence of retinal restoration and confirmed history of GA growth continue to demonstrate areas of retinal restoration as of their last assessment, ranging from six months to approximately three years after treatment. Notably, on Optical Coherence Tomography, or OCT, analyses, the first Cohort 4 patient with evidence of retinal restoration and confirmed history of GA growth, has demonstrated zero growth in the area of atrophy, or GA, almost three years following treatment with OpRegen. This is unprecedented due to the progressive nature of the disease. Applying the expected rate of progression based on changes from historical images to the baseline assessment, the size of the atrophic lesion at the visit would have been 4.58 mm using square root transformation. Instead, the lesion measured at 2.8 mm SQRT, which was the same as it was at baseline, meaning there was no GA growth over almost three years, representing a 63.6% smaller area of GA than was expected. The area of GA in this patient's untreated fellow eye, which was less severely impacted at baseline, progressed as expected from 3.63 mm to 4.01 mm using SQRT, an increase of 10.5% or 0.38 mm. Notably, microperimetry data collected at the Year 2 and Year 3 post-treatment study visits indicated improvements in the patient's ability to discern different intensities of light and the patient has experienced clinically significant improvement in visual acuity for more than two years, at one point gaining 12 letters on an ETDRS scale. In addition to positive anatomical changes, all three patients with evidence of retinal tissue restoration had visual acuity increases above baseline levels within 9 months post-treatment and visual acuity has remained relatively stable over time compared to their fellow eyes. Outer retinal layer restoration, which was observed using clinical high-resolution OCT, was evidenced by the presence of new areas of RPE monolayer with overlying ellipsoid zone, external limiting membrane, and outer nuclear layer, which were not present at the time of baseline assessment. These findings suggest integration of the new RPE cells with functional photoreceptors in areas that previously showed no presence of these cells. These effects were most prominent in the transitional areas around the primary area of GA. These findings of retinal restoration have been confirmed utilizing multiple imaging technologies. The use of multiple imaging modalities differs from traditional assessment of GA progression, which employs only fundus autofluorescence to assess changes in the total surface area of the apparent GA over time. Using only FAF may fail to identify structural changes that can be observed only with the addition of OCT imaging. The use of OCT allows for a more precise determination of changes in retinal thickness, organization, and overall health of the retina in areas of potential atrophy, benefits which are possible with cell transplant therapy. The loss of RPE cells over time creates progressively larger areas of atrophy in the adult retina, leading to impaired vision or complete blindness, a condition known as atrophic AMD. Humans lack the innate ability to regenerate retinal tissue and replace lost retina cells, which led to a presumption that progression of GA may someday be slowed or halted but could not be reversed. The unique findings from the ongoing OpRegen clinical study support a different view, in which an RPE cell transplant can potentially replace or rescue retinal cells in patients who suffer from retinal lesions or degeneration. The totality of these findings supports the view that atrophic AMD is not an irreversible, degenerative condition and that some portion of diseased retinal tissue may be recoverable.
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LPSN | Hot Stocks08:07 EDT LivePerson acquires German conversational AI company e-bot7 - LivePerson announced the acquisition of German conversational AI company e-bot7. The strategic acquisition propels LivePerson's self-service capabilities, empowering brands of all sizes to quickly launch AI-powered messaging experiences, as well as its continued growth across Europe. Operationally, e-bot7 will continue to work under its own name, and founders Fabian Beringer, Xaver Lehmann, and Maximilian Gerer will continue to lead the organization in close partnership with LivePerson's SVP EMEA, Jerry Haywood.
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MPLN | Hot Stocks08:07 EDT MultiPlan appoints JR Riding as Chief Information Security Officer - MultiPlan as appointed JR Riding as its new Chief Information Security Officer, CISO. Riding, based in MultiPlan's New York office, will provide leadership for MultiPlan's information security, risk management, and vendor management functions as part of the technology organization. "JR has a tremendous blend of cyber-security expertise and business leadership, both of which are essential for MultiPlan as we continue to expand our product and service lines," stated Michael Kim, CIO. "His expansive technology security experience, especially with data-centric companies like MultiPlan, is a perfect fit for our needs as a publicly traded company."
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RAIN | Hot Stocks08:06 EDT Rain Therapeutics initiates Phase 3 MANTRA clinical trial of milademetan - Rain Therapeutics announced that the first patient has been randomized in the multicenter, open-label, Phase 3 registrational study evaluating milademetan, an oral mouse double minute 2 inhibitor, for the treatment of DD LPS. The MANTRA trial, a randomized, multicenter, open-label, Phase 3 registrational study, is designed to evaluate the safety and efficacy of RAIN-32 compared to trabectedin, a current standard of care, in patients with unresectable or metastatic DD LPS with or without a well-differentiated LPS component that has progressed on one or more prior systemic therapies, including at least one anthracycline-based therapy. Approximately 160 patients are expected to be randomized in a 1:1 ratio to receive milademetan or trabectedin. The primary objective of the trial is to compare progression-free survival by blinded independent review between the milademetan treatment arm and the trabectedin control arm. Secondary endpoints include overall survival, PFS by investigator assessment, objective response rate, duration of response, disease control rate, safety and patient reported outcomes. The Company also provided an update on patients continuing to receive RAIN-32 monotherapy from the previously concluded Phase 1 dose escalation and expansion study. As of July 1, 2021, three WD/DD LPS patients received therapy with milademetan monotherapy for greater than 51 months. Two of these patients continue to receive therapy with durations now at 51 and 57 months without disease progression, and an additional patient received therapy for greater than 59 months before discontinuation in the second quarter of 2021. This highlights the potential for a favorable milademetan long-term tolerability and safety profile.
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EDAP | Hot Stocks08:06 EDT EDAP TMS CEO says focused on expanding coverage for HIFU - EDAP TMS issued the following letter to shareholders: "As we approach mid-year, I would like to take this opportunity to recap a few of our significant accomplishments thus far in 2021 that I believe position us to deliver accelerating long-term growth, particularly in the United States, our most important market. In April, we completed a successful secondary offering of common stock that raised gross proceeds of approximately $28 million. We intend to use the vast majority this capital to further build out of our U.S. clinical, sales and marketing infrastructure. While we have already announced several high-profile sales in the U.S. to this point, including such renowned institutions like Mt. Sinai and Cleveland Clinic, we are still in the very early stages of tapping into the vast opportunity that our Focal One and related technologies can address. There are many stages of prostate cancer, and currently there is a dearth of treatment options that exist between active surveillance and surgery, the latter of which causes severe side effects that significantly diminish the patient's quality of life. We, along with the many urologists that champion our technology, believe that high intensity focused ultrasound, or HIFU, can fill this void and provide renewed hope to the approximately three million men living with prostate cancer in the US, with an additional 200,000 that are newly diagnosed every year. Of course, the ultimate success of our U.S. expansion efforts hinges on the quality of the team that we assemble. To that end, we could not have been more pleased to announce just a few weeks ago the hiring of Ryan Rhodes as Chief Executive Officer of EDAP Technomed Inc., our U.S. subsidiary. Ryan brings to the EDAP team decades of highly relevant experience in the medical technology field both launching and driving market acceptance of emerging and disruptive technologies. Notably, his career trajectory includes 14 years at Intuitive Surgical, a true pioneer in the field of robotic-assisted surgery, where he played a leading role in the global clinical expansion of robotic surgery in multiple specialties, including urology. This is a pivotal time for EDAP - we are poised to become a widely used component of comprehensive prostate cancer treatment - and I believe Ryan is the ideal candidate to accomplish this important goal in the U.S. Ryan and his team will be focused on building HIFU adoption, including significant effort directed towards expanding market access. In addition, since the long-term success of any new technology in the U.S. relies on the successful navigation of a complex reimbursement system, we are also focused on expanding coverage for HIFU and securing future reimbursement rates that are reflective of the value that we add through improved outcomes for patients. We previously announced the establishment of a Category 1 CPT code and reimbursement to physicians performing ablation of malignant prostate tissue with HIFU in the U.S., effective January 1 of this year. With HIFU reimbursement dynamics now clarified, we believe this will contribute to accelerating growth."
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BOX | Hot Stocks08:05 EDT Starboard delivers letter to Box, nominates three directors for board elections - Starboard, which currently owns 8.4% of the company's outstanding stock, states: "We initially invested in Box over two years ago because we believed Box was well-positioned in a large and growing market and should be able to drive significantly improved financial results. Despite having a best-of-breed solution with strong product differentiation in the growing cloud content management market, Box had consistently underwhelmed and failed to execute on operational improvement opportunities. In our view, change was required at Box in order to create long-term value after years of stock price underperformance, consistently missed targets, poor governance, and a lack of credibility with the investment community... Unfortunately, revenue growth continued to decelerate, contradicting management's promises to the contrary and further damaging credibility with investors. In December 2020, Box reported Q3 FY2021 earnings results, in which the Company missed expectations on multiple metrics, including billings and large deal growth, while also providing revenue guidance for Q4 FY2021 that was below consensus expectations. As a result of yet another set of disappointing results after signs of promise, Box's stock price fell almost 9% the following day. Following that price decline, Box's stock price was only 1% above the price on September 4, 2019, the day following our Schedule 13D filing, and was 27% below its closing price following its first day of trading after its IPO in January 2015... At the upcoming Annual Meeting, stockholders will be asked to make a crucial decision. As stockholders, our options are to elect the incumbent directors - who have overseen years of underperformance - or to make much needed changes to the Board to ensure the sins of the past are not repeated."
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T JBGS | Hot Stocks08:05 EDT AT&T, JBG Smith Properties enter LOI to deliver first 5G Smart City at scale - AT&T (T) and JBG SMITH (JBGS), have entered into a letter of intent to deliver the first 5G Smart City at scale in National Landing. The first network infrastructure deployments are planned for the first half of 2022 and will expand with development of the community. AT&T and JBG SMITH, an owner and developer of high-quality, mixed-use properties in the Washington, DC market, plan to work together to deliver one of the most robust network infrastructure deployments in any urban environment.
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KEY | Hot Stocks08:05 EDT KeyCorp sees FY21 NII 'relatively stable' vs. prior low single digit growth view - Sees FY21 noninterest income up high single/low double digits vs. prior mid single digit growth view. Sees noninterest expense up low single digits vs. prior relatively stable view. Now sees FY21 net charge-offs to average loans 20-30bps vs. prior 35-45bps view. The GAAP tax rate is expected to be about 20% vs. its prior view of about 19%. Sees loans relatively stable, with deposits up high single digits for FY21.
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BIGC MELI | Hot Stocks08:05 EDT BigCommerce and MercadoLibre team on cross-border e-commerce - BigCommerce (BIGC) announced a partnership with Mercado Libre (MELI), an ecommerce marketplace in Latin America, to give BigCommerce merchants the ability to sell across Latin America to nearly 133M unique consumers on Mercado Libre's Marketplace. It also marks Mercado Libre's first partnership with a major North American ecommerce platform and complements the company's recent expansion into the United States. "We are always looking for ways to better serve our customers, and this partnership gives them access to an entirely new variety of products from BigCommerce merchants," said Jose Luis Hervas Fernandez, director of Cross Border Trade for Mercado Libre LATAM . "As ecommerce continues to expand in Latin America, choosing BigCommerce as our first major platform partner is important for our long-term strategy and gives storeowners access to this fast-growing market." "Between shipping challenges, currency conversion and language barriers, cross-border ecommerce can be incredibly challenging for retailers to navigate, especially small and mid-sized merchants, to capitalize on," said Russell Klein, chief commercial officer at BigCommerce. "Latin America represents a huge untapped market for U.S. merchants and BigCommerce's partnership with Mercado Libre removes these barriers, opening the door to an expansive opportunity for them to reach millions of consumers to sell to."
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ENZ QGEN | Hot Stocks08:05 EDT Enzo Biochem receives FDA EUA for rapid extraction method on test for Covid-19 - Enzo Biochem (ENZ) announced that it has received an expansion of its FDA Emergency Use Authorization for the company's rapid extraction method on its proprietary test system for the detection of coronavirus SARS-CoV-2 including the genetic variants that are now proliferating globally. The EUA enables laboratories to immediately use Enzo's faster extraction process to reduce the time by over one hour, or more than 25%, enabling more test runs on a single instrument. The rapid extraction method can be used on platforms including Enzo's proprietary GENFLEX automated high-throughput platform, Qiagen's (QGEN) QIAsymphony SP lower-throughput platform and Enzo's manual workflow. The AMPIPROBE SARS-Cov-2 Test System includes three components: sample collection, AMPIXTRACT SARS-CoV-2 Extraction Kit for sample processing, and AMPIPROBE SARS-CoV-2 Assay Kit for detection and analysis. "One of the most important considerations in this EUA is the fact that Enzo's tests successfully detect genetic variants of SARS-Cov-2 including the Delta and Lambda variants that are rapidly spreading throughout the world. This EUA brings the advantages of this platform to testing sites at a time when demand is expected to grow exponentially," said Elazar Rabbani, Ph.D., Enzo CEO. "Our ability to supply advanced technologies to address needs in molecular testing is another reflection of the strength of our fully integrated business model. We are positioned to support rapid scale up and advance the new solutions in molecular testing that can address major challenges like COVID. We have confidence that as we gain approval for additional molecular diagnostic tests currently under development and evaluation that these efficiency measures can be adopted."
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HTGM | Hot Stocks08:04 EDT HTG Molecular forms new drug discovery business unit - HTG Molecular Diagnostics announced the creation of a new business unit, HTG Therapeutics. HTG plans to use this new drug discovery business unit to leverage its capabilities and expand upon the utility of the HTG EdgeSeq platform technology in the development of early stage drug candidates. This new business unit is a direct result and extension of HTG's nearly 20,000 gene mRNA panel that is expected to provide full transcriptome gene expression data from much smaller sample loads using a simplified workflow with a more rapid turnaround time. The HTG Transcriptome Panel is expected to be commercially released in August 2021 and is currently being utilized by several participants in our previously announced Early Adopter Program. The HTG Therapeutics business unit plans to use the HTG Transcriptome Panel and a full epitranscriptome profiling technology evolved from the original HTG EdgeSeq technology for the profiling of RNA modifications. By leveraging these profiling technologies earlier in the drug discovery process, HTG Therapeutics is expected to generate lead compounds faster, and with superior efficacy and toxicity profiles. In addition to the platform technology for molecular profiling, HTG is building a full machine learning-based chemical library design platform, including advanced docking modeling, which is expected to allow HTG and its collaborators to better predict binding properties of a drug candidate to its target. HTG has partnered with several collaborators who plan to contribute meaningful cohorts for the study of disease versus normal, treated versus non-treated and responder versus non-responder. HTG has begun to assemble a team of proven industry veterans to lead this new business unit. We will also leverage the proven experience of our Tucson-based research and development teams to aid in advancing these drug discovery programs. The initial focus of HTG Therapeutics will be to identify development candidates targeting RNA or RNA modifying proteins, which could be relevant in areas such as oncology, immunology, transplant, diabetes, and rare disease. These efforts will be aimed at the generation of high-quality primary data from HTG's proprietary profiling platform from known and well annotated cohorts, overcoming the notable shortfalls of data mined from public databases. The company intends to leverage its extensive past experiences partnering with biopharma to collaborate throughout the drug development process. For these programs, HTG expects to initiate these partnerships early in the drug discovery process, rather than later in the clinical development stages of development, as it has in past collaborative development services programs.
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NISN | Hot Stocks08:03 EDT Nisun International announces collaboration with Zhongneng Shanhua Energy - Nisun International announced Fanlunke Supply Chain Management (Shanghai) Co., Ltd, a controlled affiliate of the Company, has entered into a strategic collaboration agreement with Shanxi Zhongneng Shanhua Energy Co., Ltd, a subsidiary of Shanxi Energy Group Co., Ltd. Pursuant to the agreement, the two parties will enter a joint cooperation to develop supply chain services targeting the coal industry. Under this cooperation, Nisun will leverage its expertise in supply chain management to build an efficient, reliable and credible digital supply chain system for Zhongneng Shanhua, using innovative technologies such as blockchain and big data algorithms. This newly developed system is expected to accelerate the digital transformation of Zhongneng Shanhua's upstream and downstream supply chain. Through this partnership, Nisun will promote the integration of its supply chain services and expand its customer base in the energy industry while improving client experiences through the energy technological expertise of Zhongneng Shanhua.
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KEY | Hot Stocks08:02 EDT KeyCorp sees long-term ROTCE 16%-19%, cash efficiency ratio 54%-56% - Sees positive operating leverage for the long-term. Comments taken from Q2 earnings conference call presentation slides.
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ZBRA | Hot Stocks08:02 EDT Zebra Technologies extends, expands partnership with Reese's Senior Bowl - Zebra Technologies announced a partnership extension through 2024 with the Reese's Senior Bowl. As part of the exclusive partnership, the company will continue providing its RFID player and ball tracking technology to deliver player performance insights for the practices leading up to the game and the game itself. A new element of the exclusive partnership in 2022 will be Zebra's presentation of several offensive and defensive player performance awards across categories such as fastest player, most distance traveled, most max accelerations, longest pass, highest velocity pass, highest spin rate pass, highest punt and more. Additionally, Zebra and its PartnerConnect Registered Reseller, Stark RFID will provide credentialing and related services support for all game week attendees including players, coaching staffs, game support staff, and media in the Stark RFID Accreditation Center.
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ASRV | Hot Stocks08:02 EDT Ameriserve Financial raises dividend 2.7% to 2.5c - The Company's Board of Directors declared a 2.5c per share quarterly common stock cash dividend. The cash dividend is payable August 16,to shareholders of record on August 2. This cash dividend represents a 2.7% annualized yield using the July 14 closing stock price of $3.75. For the first half of 2021, the Company's dividend payout ratio amounted to 22.7%.
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CG | Hot Stocks08:02 EDT Carlyle Group acquires LiveU, terms not disclosed - LiveU announced that Carlyle has acquired the company from Francisco Partners, a global investment firm that specializes in partnering with technology businesses. Details of the transaction, which is subject to regulatory approvals, are not being disclosed.
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UIS | Hot Stocks07:59 EDT Unisys announces four-year contract to support European Union - Unisys announced a four-year contract to support a range of services for the European Union. In partnership with Uni Systems and Wavestone, the Unisys-led consortium will consult on the design of major European IT systems to support eu-LISA, the European Union Agency for the Operational Management of Large-Scale IT Systems in the Area of Freedom, Security and Justice. The contract has a maximum value of $216M and was awarded based on the deep industry knowledge provided by the consortium. Signed in the fourth quarter of 2020, the agreement covers a wide range of services and the consortium will be providing end-to-end support from defining and consulting on new services through overseeing project delivery, testing and quality control. As part of the new developments set to take place, the consortium will be providing critical support in the rollout of new smart technology. This includes biometric authentication and mobile enablement, as eu-LISA continues to upgrade and streamline passenger flow. These smart systems will dramatically improve travel across the region, lowering waiting times at border controls and providing a higher level of security.
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LXXGF | Hot Stocks07:47 EDT Lexagene utilizes MiQLab to detect presence of mycoplasmas - LexaGene Holdings announced it has utilized its MiQLab System to detect the presence of mycoplasmas, a group of common microbial contaminants responsible for substantial losses in both time and money for biopharmaceutical manufacturers. LexaGene's MiQLab Mycoplasma Test is designed to detect the most relevant mycoplasma species for microbial contamination in bioprocessing, specifically Mycoplasma arginini, Mycoplasma orale, Mycoplasma hyorhinis, Mycoplasma fermentans, as well as Acholeplasma laidlawii.6 To validate the ability of the MiQLab Mycoplasma Test to accurately detect mycoplasmas, while dramatically reducing time to result, mycoplasma strains were spiked into a selective medium and incubated under appropriate growth conditions where a color change of the medium represented presumptive detection of microbial growth. These samples were harvested and processed on a MiQLab, which successfully detected all the samples with 100 percent accuracy. Future studies will determine the limit of detection for the Mycoplasma Test. To test the specificity of the Mycoplasma Test, very high concentrations of common contaminants were run on the MiQLab. Cultures were incubated and grown between 24 to 72 hours, diluted 10-fold, and run on the MiQLab, which reported no false positives, validating very high specificity for the Mycoplasma Test. LexaGene's results demonstrate that the MiQLab system can serve as a valid alternative to lengthy traditional methods for mycoplasma detection. Given the MiQLab can be up to 300 times faster than traditional culture testing for a definitive result, the MiQLab can provide a significant time advantage for biopharmaceutical manufacturers.
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J | Hot Stocks07:47 EDT Jacobs selected as one of the management firms for Dallas ISD Bond Program - Jacobs was selected as one of the program management firms for the Dallas Independent School District, or Dallas ISD, 2020 Bond Program, continuing its 18-year history with the district. Dallas ISD sits in the heart of a large, diverse and dynamic region with a metropolitan population of 6.5 million people in North Central Texas. Considered the largest ISD project in the history of the state, this bond program will provide improvements to more than 200 of the district's 230 campuses. On November 3, 2020, Dallas voters approved two major bond propositions, totaling $3.47B to fund school repairs and upgrades and to cover the cost of updating district technology. To launch the program, Jacobs partnered with KAI 360 Construction Services, LLC; CARCON Industries & Construction; 3i Construction Management, LLC; The Burrell Group and Master Code, Inc. to manage the work at 21 campuses, including four new schools, five campus expansions and 12 school renovations. As the program progresses, the schools will receive mechanical/air-conditioning upgrades, new roofs and security systems, exterior building enhancements and additional site improvements.
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DKNG | Hot Stocks07:43 EDT DraftKings official betting operator of NORTHERN TRUST, World Golf Championships - Tournament officials announced that DraftKings has been named the first "Betting Operator of the World Golf Championships-FedEx St. Jude Invitational" August 2-8 at TPC Southwind and the first "Official Betting Operator of THE NORTHERN TRUST" August 18-22 at Liberty National Golf Club. The agreement enriches DraftKings' relationship with the PGA TOUR, as they have recently announced plans for a retail sportsbook at TPC Scottsdale pending regulatory approval, as well as sponsorship deals as the Official Daily Fantasy Game and Official Betting Operator of THE TOUR. In the fall of 2020, DraftKings expanded its presence in the sport of golf by signing Bryson DeChambeau to a sponsorship deal. As part of both agreements, DraftKings will have hospitality suites at both tournaments dubbed the "DraftKings House." At World Golf Championships-FedEx St. Jude Invitational, DraftKings House will be located beside the 18th green featuring an open-air patio with unbeatable views. DraftKings House at THE NORTHERN TRUST will be located between the 15th green and 16th fairway and include a VIP suite for private hospitality. Both spaces include areas that are open to the public. The DraftKings House will provide fans access to televisions airing golf and other live sports, phone chargers, complimentary Wi-Fi and premium food and beverage options for purchase.
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TXT | Hot Stocks07:41 EDT Textron announces order for 150 Cessna Grand Caravan EX aircraft , no terms - Textron Aviation announced Surf Air Mobility has signed a purchase agreement for up to 150 Cessna Grand Caravan EX single-engine turboprop aircraft, with an initial fleet order of 100 aircraft and an option for 50 more. The order, which is subject to Surf Air Mobility obtaining financing, is part of an exclusive relationship between the two companies supporting Surf Air Mobility's development of electrified Cessna Grand Caravan aircraft, beginning with a hybrid electric Cessna Grand Caravan aircraft powered by Surf Air Mobility's proprietary powertrain technology. The transactions between Textron Aviation and Surf Air Mobility are subject to certain closing conditions, including the receipt of financing by Surf Air Mobility.
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AYRWF | Hot Stocks07:40 EDT Ayr Wellness to acquire Herbal Remedies Dispensaries for $30M - Ayr Wellness has entered into a definitive agreement to acquire Herbal Remedies Dispensaries, an operator of two licensed retail dispensaries in Illinois, adding an eighth state to its expanding national footprint. Herbal Remedies was among the first cannabis dispensaries licensed in the State of Illinois when the State approved the Compassionate Use of Medical Cannabis Program in 2013. Both medical and recreational use are now permitted. Ayr intends to purchase 100% of the membership interests of Herbal, an operator of two licensed dispensaries in Quincy, Illinois, the county seat of Adams County, the western-most county in Illinois. The terms of the transaction include consideration of $30 million, made up of $10 million in stock, $12 million in seller notes and $8 million in cash. Based on current projections, the Company estimates it is paying approximately 5x Herbal Remedies' 2021 EBITDA. Herbal will add approximately 50 employees to Ayr's total headcount. The acquisition is subject to customary closing conditions and regulatory approvals. Operations of Herbal Remedies will remain unchanged pending the closing. The acquisition is expected to close in the fourth quarter of 2021.
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REKR | Hot Stocks07:40 EDT ROKER acquires SecurePark for end-to-end parking management solution - ROKER announced that it has closed on a deal to acquire SecurePark Technologies of Edmonton, Alberta, Canada. SecurePark offers a software-as-a-service parking enforcement platform for municipalities, parking operators, airports, schools, hospitals, security and property management users. The deal was structured as an asset purchase with the seller receiving an undisclosed amount of cash and stock as consideration. It closed on July 15, 2021, and all SecurePark employees are now part of the ROKER team. "This deal with SecurePark caps a landmark inaugural year for ROKER," said Sachin Bedi, CEO, ROKER. "We marked the successful launch of our parking permit and violation management system, secured funding, and established solid customer traction, thanks in part to SecurePark. With the addition of the SecurePark team, intellectual property and recurring revenue stream, we now have a complete end-to-end system, along with the experienced team and resources needed to scale." ROKER leverages proprietary intellectual property from Rekor Systems and Cygnet Infotech.
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MGDPF | Hot Stocks07:39 EDT Marathon enters term sheet for $185M senior secured project financing facility - Marathon Gold is pleased to announce that it has entered into an exclusive non-binding Indicative Term Sheet with Sprott Resource Lending Corp. for a senior secured project financing facility of US$185 million. Proceeds from the Credit Facility are to be used to fund the construction of the Valentine Gold Project, located in the central region of Newfoundland and Labrador. The Credit Facility is structured as a term loan with a 6.5 year tenor. Conditions precedent to closing include the completion of technical, legal, and environmental and social due diligence, the receipt and review of the Project's final development budget and schedule, the completion of definitive documentation, and the receipt of applicable environmental permits, operating licences and regulatory approvals. Closing is scheduled for not later than March 31, 2022. Marathon recently published a Feasibility Study for the Project demonstrating robust economics for a conventional open pit mining and milling operation with low initial capital cost and high rate of return. An Environmental Assessment is ongoing with federal and provincial regulators, and is expected to be completed later this year. The FS estimates an initial capital cost of C$305 million. Final project financing will include additional provisions for working capital, financing and interest costs, mine closure guarantees, cost overrun facilities, and corporate costs. The Credit Facility represents the contemplated senior secured debt portion of these financing arrangements. Additional financing is contemplated by way of equity and equipment leasing. The Credit Facility permits additional indebtedness associated with the leasing of mobile equipment, including mobile equipment included in the Project's sustaining capital estimates, with a value of up to US$110 million. As of June 30, 2021 Marathon had cash and cash equivalents of C$107 million, plus in-the-money warrants due in September 2021 that could provide an additional C$12 million of liquidity to the Company.
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ORZCF | Hot Stocks07:38 EDT Orezone Gold announces additional results from Bombore Gold Project - Orezone Gold announced additional results from its ongoing drilling program to test the expansion potential of the P17 trend at its Bombore Gold Project, located in Burkina Faso. The focus of this latest drilling was to test the continuity of high-grade mineralization into the "Gap Zone" between P17S and P17. This area had not been previously subject to any drilling and represented a 600 m gap between the P17S NE extension and P17 to the north. With the success of these new results, the strike extent of P17S is now over 600 m outside of the existing reserve pit and remains open at depth and to the north towards P17. Drilling Highlights: 50 m of 1.40 g/t Au from 246 m including 3 m at 8.89 g/t Au in Hole BBD1074; 21 m of 1.56 g/t Au from 88 m and a further 16.45 m of 2.35 g/t Au from 124 m in Hole BBD1068; 9 m of 2.06 g/t Au from 13 m in Hole BBD1070. Recent drilling in 2021 northeast of reserves and resources at P17S identified several wide, multigram intersections near surface and outside current reserves or resources such as BBD1066 which intersected 32.00 m of 3.98 g/t gold. This most recent drilling has also successfully intersected broad zones of mineralization at depth, extending the down plunge strike of the P17S NE deposit into the untested Gap Zone by 150 m. The P17S NE deposit remains open at depth and to the north.
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WGO | Hot Stocks07:37 EDT Winnebago to acquire Barletta Pontoon Boats for $255M in cash, stock transaction - Winnebago Industries announced that it has entered into a definitive agreement to acquire Barletta Pontoon Boats for an initial consideration of $255M in cash and newly-issued Winnebago Industries shares, plus up to $15M in Winnebago Industries shares upon the achievement of performance milestones at the end of calendar 2021. Certain growth objectives, if achieved through calendar years 2022 and 2023, provide the opportunity for up to $50M in additional cash consideration. The transaction extends Winnebago Industries' marine platform into one of the fastest-growing boating segments, advances the Company's ongoing evolution into a premier outdoor lifestyle company, and is expected to drive significant financial accretion. Following the close of the transaction, Barletta will operate as a distinct business unit within Winnebago Industries. Winnebago Industries' public reporting will include the formation of new Marine reporting segment comprised of Barletta and Chris-Craft. Barletta's manufacturing facilities will remain in Bristol, Indiana. Bill Fenech will continue to lead the Barletta business post-closing as its President. The initial transaction consideration of $255M is expected to be funded with $230M in cash on hand and $25M in newly-issued Winnebago Industries stock upon closing, and Winnebago Industries will issue up to an additional $15 million in Winnebago Industries stock to Barletta ownership upon the achievement of performance milestones at the end of calendar 2021. Under the terms of the agreement, Barletta ownership is entitled to receive further cash payments of up to $50M upon the achievement of certain performance milestones in calendar years 2022 and 2023. The transaction is expected to close early in Winnebago Industries' first quarter of Fiscal 2022, subject to regulatory approvals and other customary closing conditions.
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CHPT | Hot Stocks07:37 EDT ChargePoint to buy European e-mobility provider hastobe for EUR 250M - ChargePoint Holdings announced it has signed a definitive agreement to acquire hastobe, an e-mobility provider with a leading European charging software platform. "This transaction comes as Europe is among the fastest-growing markets for EV sales worldwide. Under the terms of the agreement, ChargePoint will acquire hastobe for a total purchase price of approximately EUR 250M, subject to adjustments, to be paid in cash and stock. The transaction is expected to close in 2021, subject to the satisfaction of regulatory approvals and other customary closing conditions. Pasquale Romano, President and CEO of ChargePoint, said, "As an established leader in North America, our continued investment in Europe is critical to our stated growth strategy. We're excited to announce our agreement to acquire hastobe, a leader in its own right with a talented team, an impressive base of customers committed to e-mobility and robust technology. Our combined assets should position us to accelerate our leadership as electrification continues to take hold across continents," the company said
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EHC | Hot Stocks07:36 EDT Encompass Health announces plan to build inpatient rehabilitation hospital - Encompass Health announced it has placed land under contract to build a freestanding, 50-bed inpatient rehabilitation hospital in Palm Beach Gardens, Florida. The hospital, to be named Encompass Health Rehabilitation Hospital of Palm Beach Gardens, is expected to start providing patient care in 2023. Complementing local acute healthcare services, Encompass Health Rehabilitation Hospital of Palm Beach Gardens will offer physical, occupational and speech therapies, and 24-hour nursing care, to restore functional ability and quality of life. It will serve patients recovering from major illnesses and injuries including strokes and other neurological disorders, brain injuries, spinal cord injuries, amputations and complex orthopedic conditions. Care will be provided by highly specialized nurses, therapists and physicians.
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MSSTF | Hot Stocks07:36 EDT Mindset appoints Ishrat Husain to Scientific Advisory Board - Mindset Pharma announced the appointment of Dr. Ishrat Husain to its Scientific Advisory Board. Dr. Husain will provide strategic guidance to Mindset as the Company develops a regulatory pathway for its novel psychedelic-based therapeutics to receive FDA approval and eventually offer relief to patients suffering from mental illness. Husain is currently the Lead of the Mood Disorders Service and Clinician Scientist in the General Adult Psychiatry and Health Systems Division at the Centre for Addiction and Mental Health, as well as an Assistant Professor in the Department of Psychiatry at the University of Toronto.
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SWTX PFE | Hot Stocks07:34 EDT SpringsWorks Therapeutics announces new patent issuance to mirdametinib - SpringWorks Therapeutics (SWTX) announced that the United States Patent and Trademark Office has issued U.S. Patent No. 11,066,358, directed to mirdametinib, the company's product candidate in development for several oncology indications, including as a monotherapy for patients with neurofibromatosis type 1-associated plexiform neurofibromas. The '358 patent, assigned to Warner-Lambert Company, a subsidiary of Pfizer (PFE), expires in 2041. The '358 patent is a composition of matter patent that covers the polymorphic form of mirdametinib that is currently in clinical development. SpringWorks has exclusive rights to the '358 patent pursuant to an existing worldwide license with Pfizer. "We are very pleased that the USPTO has issued this patent, which extends patent protection for mirdametinib into 2041," said Saqib Islam, Chief Executive Officer of SpringWorks. "This new patent is part of our ongoing intellectual property strategy to expand protections across our portfolio of targeted oncology product candidates as we seek to provide new advances and better outcomes for patients with devastating cancers."
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INTZ | Hot Stocks07:34 EDT Intrusion CEO Jack Blount departs company - Jack Blount, previously President, CEO and a Board member, has left the company effective immediately and no longer has any affiliation with INTRUSION. The Board of Directors has asked CFO, Franklin Byrd, and CTO, Joe Head--who is also an INTRUSION Co-Founder--to assume operating responsibilities together on behalf of the Company until such time as a successor is named, and both will report to the Board immediately.
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INTZ | Hot Stocks07:33 EDT Intrusion experiences 'slower-than-anticipated' Shield sales ramp - The company said, "The recent global interest and recognition of the Shield solution is increasing, although INTRUSION has experienced a slower-than-anticipated sales ramp due to longer customer evaluation cycles typically seen in most enterprise security sales organizations. Based on customer feedback, the Company remains confident in Shield's efficacy and the valuable protection it offers to customers in helping them fight the growing war on cybercrime. The team continues to work closely with partners and the sales channel to further ramp testing with potential customers and convert a growing pipeline of customer engagements into recurring subscriptions"
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MAN | Hot Stocks07:33 EDT ManpowerGroup CEO says 'we are encouraged by the current momentum' - Jonas Prising, ManpowerGroup Chairman & CEO, said, "Our second quarter results reflect an improving global economic environment and increased demand for our services across our key markets and brands. As restrictions continued to ease worldwide, we saw the benefit of our diversified portfolio of services and workforce solutions. Our Manpower business rebounded strongly, our Experis business improved significantly during the quarter and our Talent Solutions offerings continued to deliver against the strong demand for global workforce solutions. We also made significant progress in the ongoing execution of our strategic initiatives, particularly in the implementation of new technology across the globe. We are encouraged by the current momentum that we are experiencing across our offerings and confident in our team's ability to continue to deliver value to all our stakeholders."
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INTZ | Hot Stocks07:32 EDT Intrusion engages investment banking firm to evaluate funding sources - The company said, "Since INTRUSION believes that additional capital may be required to achieve profitability, it has engaged an investment banking firm to evaluate various funding sources, and also potentially constructive longer-term strategic options that might help INTRUSION grow, achieve its operating objectives and maximize shareholder value."
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HUSN | Hot Stocks07:30 EDT Hudson Capital announces FreightHub doubles Canadian carrier network - Hudson Capital announced that FreightHub with which Hudson Capital has signed a definitive Merger Agreement, doubled its Canadian carrier network to answer ramping demand from truckload freight customers. "A key element of our growth strategy is leveraging our position within the U.S-Mexico and Mexico-U.S. cross-border markets to expand our footprint across select routes into and within Canada," stated Javier Selgas, CEO of Fr8Hub. "We recently doubled our carrier network serving this niche in the 3PL market to answer increased demand from customers and to help resolve some of the current capacity constraints within the industry."
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MDWD | Hot Stocks07:30 EDT MediWound trading resumes
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SVOK | Hot Stocks07:29 EDT Seven Oaks Acquisition files form S-4 in connection with Boxed combination - Seven Oaks Acquisition announced that it has filed with the U.S. Securities and Exchange Commission a registration statement on Form S-4 in connection with its proposed business combination with Boxed. Boxed and Seven Oaks entered into a definitive agreement relating to the business combination on June 13, 2021 that would result in Boxed becoming a public company upon the closing of the transaction. Boxed will continue to be led by Chieh Huang, Boxed's Chief Executive Officer. Gary Matthews, Chairman and Chief Executive Officer of Seven Oaks, will serve as Boxed's Chairman of the Board when the business combination is complete. Boxed also announced its intention to list on the New York Stock Exchange upon the closing of the business combination. The combined company will be called Boxed, Inc. and its common stock and warrants are expected to list on the NYSE under the new ticker symbols "BOXD" and "BOXD WS", respectively. Seven Oaks' securities will remain listed on Nasdaq and continue to trade under the tickers "SVOK," "SVOKU" and "SVOKW" until the transfer to NYSE is complete upon the closing of the business combination. Under the terms of the proposed transaction, Boxed and Seven Oaks will merge with a pro forma combined equity value of approximately $900 million. The combined company is expected to receive $334 million in net cash proceeds from a combination of Seven Oaks' cash in trust of approximately $259 million, assuming no redemptions by Seven Oaks' public stockholders, as well as a $120 million fully committed private placement financing. There are no secondary shares being sold by existing Boxed shareholders in the transaction. The transaction will require the approval of the stockholders of both Seven Oaks and Boxed, and is subject to other customary closing conditions, including the effectiveness of the registration statement referenced above and the receipt of certain regulatory approvals. The transaction is expected to close in the fourth quarter of 2021.
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NDAQ... | Hot Stocks07:28 EDT Nasdaq, SVB, Citi, Goldman Sachs, Morgan Stanley launch new platform - Nasdaq (NDAQ), SVB Financial Group (SIVB), Citi (C), Goldman Sachs (GS), and Morgan Stanley (MS) announced a joint venture to establish an institutional-grade, centralized secondary trading venue for issuers, brokers, shareholders and prospective investors of private company stock. Nasdaq Private Market will be contributed to a standalone, independent company, which will receive strategic investments from SVB, Citi, Goldman Sachs, and Morgan Stanley. Nasdaq Private Market's existing technology, client relationships, and regulatory infrastructure will provide a foundation for the joint venture to develop a full suite of liquidity solutions for private companies. Private companies, brokers and investors will be able to access, connect, manage and execute their private company stock transactions through a global marketplace and customized technology solutions. These tailored solutions allow private companies, brokers, and investors to have increased transparency into their program and trade criteria. The platform will continue to manage and support private company stock transactions including tender offers, buyside book-building, auctions, investor block trades, company directed windows of liquidity and pre-direct listing continuous trading. In addition, the platform will provide end-to-end settlement process management and an inter-broker global marketplace through its existing alternative trading system for all customers from employees to institutions to access and transact. Nasdaq Private Market's core operating team will remain in place with its bicoastal presence in New York and San Francisco.
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RPID | Hot Stocks07:27 EDT Longitude Capital announces investment in Rapid Micro Biosystems - Longitude Capital announced the closing of the inaugural Longitude Prime Fund and the fund's first investment in Rapid Micro Biosystems. LPF1 closed with $135 million in capital commitments and was oversubscribed. The announcement comes less than a year after Longitude Capital announced the closing of $585 million for its most recent core fund, Longitude Venture Partners IV, L.P. LPF1 will invest primarily in the crossover and IPO financings of selected breakout companies from the firm's existing investments in its core funds. The Prime Fund's initial investment supported Rapid Micro's $158 million initial public offering in July 2021. Rapid Micro, a company in Longitude Capital's Health Solutions practice, has developed an automated microbial quality control platform to increase efficiency and ensure data integrity in the production of biologics, vaccines, and cell and gene therapies. Prior to the IPO, Rapid Micro had most recently raised an $81 million crossover round in March 2021 to expand commercial operations. Longitude Capital originally backed Rapid Micro in its 2013 Series B financing.
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CEMI | Hot Stocks07:26 EDT Chembio Diagnostics announces at the market offering for up to $60M in stock - In a regulatory filing, Chembio Diagnostics announced that on July 19, 2021, the company entered into an at the market offering agreement, or the ATM agreement, with Craig-Hallum Capital Group, pursuant to which it may sell from time to time, at its option, up to an aggregate of $60M of shares of common stock through Craig-Hallum as sales agent. "We currently anticipate that the net proceeds from any sale of Shares under the ATM Agreement will be used for general corporate purposes, which may include, but are not limited to, working capital and capital expenditures. We cannot provide any assurances that we will issue any Shares pursuant to the ATM Agreement," the filing stated.
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REPH | Hot Stocks07:25 EDT Recro Pharma appoints Erica Raether as VP, people, culture, ESG - Recro Pharma announced the appointment of Erica Raether as the company's inaugural vice president of people, culture and ESG. As part of her new role, Ms. Raether will be responsible for helping advance the company's commitment to ESG by developing and implementing programs and initiatives designed to bring about meaningful change in these key areas of corporate impact. To date, Recro has already made significant strides in these categories, as evidenced by its robust environmental sustainability program. This program, which includes a number of employee-focused and employee-led initiatives, has resulted in milestones in offsetting its carbon emissions and minimizing its energy and water usage. For example, since its inception in 2019, the environment sustainability program has led to estimated annual savings of more than 1.3 million pounds of carbon dioxide and 300,000 gallons of water. Raether most recently served as vice president of human resources and was a member of the global leadership team at Ajinomoto Bio Pharma Services, the global CDMO arm of Ajinomoto Co., which employs approximately 1,800 individuals and operates in Europe, India, Japan and the US.
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ELMS | Hot Stocks07:24 EDT University of Notre Dame begins pilot to ELMS all-electric urban delivery - Electric Last Mile Solutions announced that the University of Notre Dame has begun a pilot of the ELMS all-electric Urban Delivery for use on the university's campus. The testing program will assess how Notre Dame can advance both efficiency and sustainability within its operations by using purpose-built electric vehicles. As part of the pilot program, the ELMS Urban Delivery will be put through the university campus fleet's various duty cycles. The program will also incorporate the use of advanced vehicle data analytics and telematics, a first for the university's fleet. Notre Dame and ELMS will work together to gather in-field performance data throughout the pilot. Production of the Urban Delivery is expected to begin later this year at ELMS' intended manufacturing and assembly plant in Mishawaka, Indiana. The Urban Delivery is expected to be the first electric Class 1 commercial vehicle available in the U.S. and is anticipated to have a range of 150 miles.
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EGLX | Hot Stocks07:23 EDT Enthusiast Gaming appoints John Albright to board of directors - Enthusiast Gaming is pleased to announce that Mr. John Albright has been appointed to its Board of Directors and Audit Committee effective immediately. John is the Co-Founder and Managing Partner of Relay Ventures, a venture capital firm with investments from start-up phase to late venture and growth capital across North America.
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VS | Hot Stocks07:22 EDT Versus Systems to power fan engagement for new competition The Hundred - Versus Systems announced that the company will be powering live in-stadium experiences for the inaugural season of The Hundred, a new cricket league in England and Wales that features a faster form of cricket matches. The Hundred begins play on July 21, 2021. Following their continued work with US-based sports leagues like the NHL and MLB, Versus is partnering with London, UK-based Progress Productions to enhance the in-stadium experience for fans attending home matches for The Hundred's eight teams. Fans will be able to use the Versus XEO Platform to play custom interactive games, including an all-new cricket game, while watching each 100-ball cricket match. Versus and Progress Productions recently completed a successful test match prior to the official league launch in July.
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GLOP GLOG | Hot Stocks07:21 EDT GasLog, GasLog Partners announce availability of 2020 sustainability report - GasLog and GasLog Partners announced that their 2020 Sustainability Reports are available for download. Paul Wogan, CEO of GasLog and GasLog Partners, stated "The second editions of our sustainability reports, for 2020, provide an overview of the Group's ESG program and the progress made against our committed ambitions, despite the challenges caused by the COVID-19 pandemic. In them we also detail our initiatives around decarbonization, wellness and DE&I. The COVID-19 pandemic has been particularly difficult and stressful for our seafarers, who often worked many months beyond the expiry of their contracts. We cannot thank them enough for the dedication and professionalism they have demonstrated in delivering cargoes for our customers safely and sustainably.The reports showcase how important it is to have a world class operating platform with committed and resilient people. We are proud of our teams both onboard and ashore."
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PZG | Hot Stocks07:20 EDT Paramount Gold Nevada granted CUP extension from Oregon to start construction - Paramount Gold Nevada announced today that the Malheur County Planning Commission has granted a two year extension through to May 2023 on the Conditional Use Permit, or CUP, for the proposed Grassy Mountain underground mine located in eastern Oregon. The Malheur County Planning Commission concluded that the request for an extension of the CUP satisfied all County requirements and was thereby approved. Paramount CEO, Rachel Goldman, commented: "We are encouraged by the ongoing support from Malheur County and the broader community as we continue in our efforts to advance Grassy Mountain into production, and we look forward to building a modern mine that will benefit all of our stakeholders."
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ZBRA | Hot Stocks07:19 EDT Celona joins Zebra Technologies' PartnerConnect Program - Celona announced its participation in Zebra Technologies Corporation's PartnerConnect program. Celona joins Zebra's PartnerConnect ISV program as a Registered ISV, focusing on seamless interoperability between Zebra CBRS-enabled mobile devices and Celona's private LTE/5G mobile network platform.
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SLI | Hot Stocks07:19 EDT Standard Lithium appoints Volker Berl to board of directors - Standard Lithium announces that effective immediately Dr. Volker Berl has been appointed as an independent director of the Company. Dr. Berl has been a venture builder and an avid serial investor since 2009. He is the Founder, Managing Partner and Chief Executive Officer of New Age Ventures, a venture studio with a portfolio of earlier stage and actively managed investments across healthcare, medical devices, digital health, cleantech, consumer tech, deep tech, applied artificial intelligence, and more. In connection with the appointment, Dr. Berl has been granted 22,500 performance share units, 7,500 restricted share units and 200,000 incentive stock options. Each PSU and RSU represents the right to receive, once vested, one common share in the capital of the Company. The PSUs will vest upon the achievement of the performance milestones set forth in the Company's news release of January 18, 2021. The RSUs vest quarterly in four equal parts over a twelve-month period, with the first part vesting on September 30, 2021. The Options vest immediately and are exercisable at a price of $6.08 until July 19, 2026.
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LTRN | Hot Stocks07:19 EDT Lantern Pharma jumps 14% to $14.54 after 'positive' results from study of LP-184
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PACB NVTA | Hot Stocks07:17 EDT Pacific Biosciences, Invitae expand collaboration for HiFi sequencing platform - Pacific Biosciences of California (PACB) and Invitae Corporation (NVTA) announced an intent to expand their multi-year collaboration to develop a production-scale high-throughput HiFi sequencing platform to include the sequencing technology developed by Omniome, Inc. The expansion of the collaboration is expected to add the short read sequencing technology enabled by Sequencing by Binding chemistry upon close of PacBio's proposed acquisition of Omniome, and contingent upon PacBio's and Invitae's agreement of associated terms. Omniome's novel and highly differentiated sequencing technology promises significant improvement in raw base accuracy over traditional next generation sequencing products enabling the potential for more precise and sensitive molecular diagnostics. PacBio and Invitae intend to work together to leverage the improved accuracy and sensitivity of SBB chemistry to further advance cancer diagnostics and pathogen detection. Additionally, the parties intend to work together to explore novel methods of integrating SBB chemistry with PacBio's HiFi genomes. The expansion of the collaboration is expected to begin in the second half of 2021 once PacBio's acquisition of Omniome, Inc. is complete.
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ROK | Hot Stocks07:17 EDT Rockwell Automation, Kezzler team to offer end-to-end cloud-based traceability - Rockwell Automation announced a partnership with Kezzler AS, a cloud-based product digitization and traceability platform, to help manufacturers capture the journey of their products from raw material sources to point-of-sale or beyond using cloud-based supply chain solutions that focus on product traceability. The combined offering is ideal for customers in industries like life sciences, food and beverage, and consumer packaged goods that are focused on complying with regulatory requirements and meeting consumer expectations in areas like product quality, safety, and sustainability. Rockwell's supply chain capabilities will combine with Kezzler's traceability technologies to help customers connect suppliers, manufacturing, logistics, and consumers into one real-time traceability platform. Kezzler's cloud-based solution provides integration flexibility and ease of access to existing systems of record that incorporate a wide range of technologies from immutable ledgers to traditional databases. The two companies can also create unique identities that can be used to digitally identify and track products from creation to consumption. For example, Rockwell and Kezzler can provide the data needed for manufacturers to aggregate total environmental footprint per manufactured product. This data can then be used for evidence and improvement or be shared directly with consumers through the product, allowing a company to use sustainability practices as a competitive advantage.
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VERO | Hot Stocks07:17 EDT Venus Concept announces Health Canada Authorization, CE Mark for Venus Fiore - Venus Concept announced that it has received a medical device license issued by Health Canada to market the Venus Fiore Feminine Health System in Canada. This follows the receipt of CE Mark for the Venus Fiore Feminine Health System in March 2020. The company intends to begin a limited launch of the Venus Fiore in Canada and the European Union in the third quarter of 2021. "We look forward to the commercial introduction of our unique, multi-treatment system for women in Canada and the European Union," said Domenic Serafino, Chief Executive Officer and Director of Venus Concept. "Venus Fiore is the first and only true stationary positioning solution in the market, designed to effectively address some of the most common feminine health conditions and concerns with the physical appearance of the vaginal area. Typically, these procedures require three, 15-minute treatments, approximately one month apart to optimize results. With affordable pricing, cutting-edge technology for all skin types, and hygienic single-use tips, combined with Venus Concept's industry-unique business model, Venus Fiore is designed to be an attractive system for medical and aesthetic customers around the world."
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EYPT | Hot Stocks07:16 EDT EyePoint gets preliminary extension to pass-through payment status for DEXYCU - EyePoint Pharmaceuticals announced that the Company expects to receive a nine month extension on DEXYCU's pass-through payment status, which otherwise would expire on March 31, 2022. On July 19, 2021, The Centers for Medicare and Medicaid Services released its 2022 draft Hospital Outpatient Prospective Payment System rule, which indicates that CMS plans to extend the pass-through period for select outpatient drugs and device products, such as DEXYCU, due to the public health emergency associated with the COVID-19 pandemic. The draft rules are subject to a public comment period prior to the issuance by CMS of the final 2022 HOPPS rule, which is anticipated in November 2021.
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ENOB | Hot Stocks07:14 EDT Enochian Biosciences names Mark Dybul as Chief Executive Officer - Enochian BioSciences announced that Honorable Mark Dybul, M.D. has been named as Chief Executive Officer. Dybul, who has served as Executive Vice-Chair of the board of Enochian BioSciences since January 2019, is a globally recognized leader in pandemics. He was a principal architect and ultimately the head of the U.S. President's Emergency Plan for AIDS Relief, the largest international health initiative in history dedicated to a single disease, that achieved historic prevention, care and treatment goals on time and on budget.
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MDWD | Hot Stocks07:13 EDT MediWound says primary endpoints met in Phase 3 pediatric study of NexoBrid - MediWound announced topline results from its pivotal phase 3 pediatric clinical study with NexoBrid to treat children with severe thermal burns, evaluating the efficacy and safety compared with standard-of-care. The study met its three primary endpoints with a high degree of statistical significance. NexoBrid demonstrated a significant reduction in time to achieve complete eschar removal and significant reduction in wound area requiring surgical excision (surgical need) while demonstrating non-inferiority to SOC in quality of scars. The study also met certain secondary endpoints showing statistically significant reduction in the incidence of surgical excision and reduction in need for autograft in deep partial burns, as well as a favorable trend in reduction of blood loss during the eschar removal process. In addition, the study showed that NexoBrid was safe and well-tolerated. The NexoBrid CIDS study is a multicenter, multinational, randomized, controlled, open label study, performed in children with deep partial thickness and full thickness thermal burns. The study's objectives are to evaluate the efficacy and safety of treatment with NexoBrid compared with standard of care in hospitalized children with severe thermal burns of 1 percent to 30 percent Total Body Surface Area. The study enrolled 145 pediatric patients, from newborn to eighteen years of age, randomized to either NexoBrid or SOC at a ratio of 1:1, across 36 burn centers worldwide. Topline results include acute phase and twelve-month follow-up data analysis. The long-term follow-up for cosmesis and function, quality of life and safety measurements is ongoing, and data is expected in the first half of 2023. The European Medicines Agency endorsed the study design as part of the agreed-upon Pediatric Investigational Plan to support the indication label expansion to include pediatric patients. The primary endpoints included early eschar removal, reduction of wound area surgically excised and non-inferiority cosmesis and function at twelve months follow-up from wound closure. Secondary endpoints included reduction in the need for surgical excision for eschar removal, blood loss, reduction of the need for autograft in DPT wounds and non-inferiority in cosmesis and function at twenty-four months follow-up from wound closure. Non-inferiority of the time to complete wound closure and other standard safety measurements were also compared with the SOC control arm. The study was expanded to include burn centers in the United States following agreement with the FDA, under the same protocol with alignment to the U.S. phase 3 study (DETECT) protocol for adult population. The non-inferiority of cosmesis and function at twelve months and twenty-four months from wound closure were defined as safety measurements. In addition, reduction in surgical need was measured only by reduction in incidence of surgical excision for eschar removal. Funding and support for this pivotal pediatric Phase 3 clinical study with NexoBrid is provided by the Biomedical Advanced Research and Development Authority, under the office of the Assistant Secretary for Preparedness and Response within the U.S. Department of Health and Human Services, under ongoing contract number HHSO100201500035C. The overall patient demographics and wound baseline characteristics were comparable across study arms. The study met its three primary endpoints with highly statistical significance. Patients treated with NexoBrid demonstrated a significantly shorter time to achieve complete eschar removal compared with patients treated with SOC. Patients treated with NexoBrid demonstrated a significant reduction in surgical need for excisional eschar removal as measured by an analysis of percent wound area surgically excised for eschar removal. Patients treated with NexoBrid incurred a significantly lower percent of wound area surgically excised for eschar removal compared with patients treated with SOC. The non-inferiority analysis of cosmesis and function of scars measured by MVSS at twelve-months from wound closure, demonstrated that NexoBrid was non-inferior to SOC. The study included several secondary endpoints that provided further insight on additional efficacy parameters. Patients treated with NexoBrid demonstrated a statistically significant lower incidence of surgical excision for eschar removal compared with patients treated with SOC. Patients treated with NexoBrid incurred lower blood loss during the eschar removal procedure compared with patients treated with SOC, demonstrating a clear trend in favor of NexoBrid. Patients treated with NexoBrid demonstrated significant reduction of incidence of autograft performed in DPT wounds compared with patients treated with SOC. Patients treated with NexoBrid incurred a numerically lower percent area of DPT wound autografted compared with patients treated with SOC. No deleterious effect on wound healing was observed. Patients treated with NexoBrid had a non-inferior time to complete wound closure compared with patients treated with SOC. Estimated median time to complete wound closure, using Kaplan Meier analysis, was 32 days for patients treated with NexoBrid and 34 days for patients treated with SOC. The study DSMB reviewed the data of all subjects and found NexoBrid to be safe and well tolerated. No safety concerns were identified in the study population.
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ADMA | Hot Stocks07:11 EDT ADMA Biologics announces completion of FDA PAI of manufacturing facility - ADMA Biologics announced the Food and Drug Administration, or FDA, recently completed a Pre-Approval Inspection, or PAI, of the Boca Raton, FL manufacturing facility related to ADMA's application for its VanRx SA25 Workcell aseptic fill-finish machine. The PAI successfully concluded with the FDA issuing zero Form 483 observations in the agency's determination that the company's Boca Raton, FL facility continues to operate in compliance with the principles and guidelines of Good Manufacturing Practices standards. The FDA's review of ADMA's VanRx regulatory filing remains ongoing, with anticipated regulatory approval in the second half of 2021. "Through pandemic-related challenges, the successful completion of the FDA's PAI for the VanRx demonstrates our continued adherence to GMP standards and speaks to our organization's continued ability to deliver on regulatory commitments through unprecedented and challenging operating conditions," said Adam Grossman, President and Chief Executive Officer of ADMA. "With this favorable inspection outcome, we are anticipating receiving approval for the VanRx in the second half of 2021. We would like to thank the FDA for its focused engagement and collaboration in working with ADMA to meet the growing demands of the U.S. immune compromised patient community that relies on plasma-derived immune globulin products for their treatment."
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STN | Hot Stocks07:11 EDT OTCQB and Stantec announce agreement - OTCQB and Stantec have entered into an agreement whereby Stantec will provide services to evaluate and support 374Water's design of its AirSCWO Nix6 systems. Under the terms of the agreement, Stantec will act as owner's representative by participating in design process meetings, interdisciplinary evaluations, and operations review support. This technology - employing circular economy principals - recently closed its first round of equity funding. The first units are expected to be deployed in the first half of 2022.
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RDHL UNH | Hot Stocks07:09 EDT RedHill Biopharma announces OptumRx added Talicia to its Commercial Formulary - RedHill Biopharma (RDHL) announced that OptumRx, part of the UnitedHealth Group (UNH) has added Talicia to its Commercial Formulary as an unrestricted brand for H. pylori treatment, effective July 1. "Momentum with Talicia is growing strongly and the addition of unrestricted Commercial coverage for Talicia by OptumRx, a major operator in U.S. healthcare coverage serving more than 26M Americans, is an important advance in extending patient access to Talicia, which now extends to greater than 8 out of 10 covered U.S. Commercial lives," said Rick Scruggs, RedHill's CCO. "Talicia is the first and only FDA-approved rifabutin-based therapy for the treatment of H. pylori infection, and this listing represents the understanding within the medical community of the need to combat the high and growing resistance of H. pylori to commonly used antibiotics with an effective new first-line treatment."
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MTW HEES | Hot Stocks07:08 EDT Manitowoc to acquire crane business of H&E Equipment for $130M - Manitowoc (MTW) that it has entered into a definitive agreement to acquire the crane business of H&E Equipment Services (HEES). Under the terms of the agreement, Manitowoc is expected to pay approximately $130M funded by a combination of cash on hand and existing debt availability. The transaction is expected to close in the fourth quarter of 2021 and is subject to customary closing conditions and regulatory approvals. The acquisition of H&E's crane business will expand Manitowoc's ability to provide rentals, new sales, used sales, aftermarket parts, and service to a variety of end market customers. H&E's crane business operates with eleven full-service branch locations. "Over the past few quarters, we have communicated that our intent is to grow through four strategic priorities, one of which is acquisitions focused on aftermarket. The purchase of H&E's crane business is the next step in our journey to grow the less cyclical part of our business. H&E has a long history and excellent reputation for serving the lifting industry, and we look forward to welcoming the H&E crane team to Manitowoc," commented Aaron H. Ravenscroft, President and Chief Executive Officer of The Manitowoc Company. Brad Barber, Chief Executive Officer of H&E Equipment Services, said, "H&E has become one of the largest rental equipment companies in the U.S. by maintaining a commitment to growth. The sale of our crane business to Manitowoc represents a transformative event in H&E's continued efforts to increase its focus in the equipment rental business, while positioning us for future growth opportunities. We believe Manitowoc will provide further career opportunities for our crane employees and will also continue to offer first-class service to existing crane customers."
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PACB | Hot Stocks07:08 EDT Pacific Biosciences signs definitive agreement to acquire Omniome - Pacific Biosciences of California announced that it has signed a definitive merger agreement under which it will acquire Omniome, a San Diego-based company developing a highly differentiated, proprietary short-read sequencing platform capable of delivering high accuracy. "The acquisition of Omniome is completely aligned with PacBio's mission of enabling the promise of genomics to better human health. Adding Omniome's short-read sequencing technology to our long-read portfolio will not only enable us to expand our total market opportunity, but we believe will also further accelerate the adoption of SMRT Sequencing as we expect to reach more customers with a deeper product offering," said Christian Henry, President and CEO of PacBio. "We chose Omniome because of its novel approach which we believe could result in the most accurate short read sequencing platform to penetrate large, fast growing clinical application areas in oncology, transcriptomics, metagenomics and non-invasive prenatal testing." Under the terms of the agreement, PacBio will acquire Omniome for upfront consideration of approximately $600M consisting of 9.4M shares of PacBio common stock and $300M in cash, plus an additional $200M in cash and stock payable in connection with the achievement of certain milestones, for an overall transaction valued at approximately $800M. The transaction, which has been unanimously approved by the boards of directors of both companies, is expected to close later this quarter, subject to customary closing conditions and regulatory approvals.
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RKDA | Hot Stocks07:07 EDT Arcadia Biosciences names Laura Pitlik as Chief Marketing Officer - Arcadia Biosciences announced it has named Laura Pitlik its chief marketing officer, as the company expands its consumer goods platforms following several key acquisitions.
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MA | Hot Stocks07:07 EDT MasterCard to enhance card program for cryptocurrency wallets, exchanges - Mastercard announced it will enhance its card program for cryptocurrency wallets and exchanges, making it simpler for partners to convert cryptocurrency to traditional fiat currency. Working with Evolve Bank & Trust and Paxos Trust Company and Circle, Mastercard and its partners will test this new capability to enable more banks and crypto companies to offer a card option to people wanting to spend their digital assets anywhere Mastercard is accepted.
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HEES MTW | Hot Stocks07:05 EDT H&E Equipment to sell crane business to a Manitowoc unit for $130M in cash - H&E Equipment Services (HEES) announced that it has entered into a definitive agreement to sell its crane business to a wholly-owned subsidiary of The Manitowoc Company (MTW), a leading global manufacturer of cranes and lifting solutions, for $130M in cash. The transaction is expected to close during the fourth quarter of 2021, subject to customary closing conditions, including regulatory approval under the Hart-Scott-Rodino Act. "This transaction marks an important step in H&E Equipment's transition to a pure-play equipment rental company," said Brad Barber, H&E's Chief Executive Officer. "We expect our continued migration to higher margin rentals will promote our strategic focus on geographic expansion and fleet investment, drive outsized revenue and profitability growth, and enable us to take full advantage of opportunities created by favorable industry and macro trends." This divestiture, which was unanimously approved by H&E's Board of Directors, is expected to increase, and further stabilize the Company's EBITDA margin as it intensifies its focus on the higher margin equipment rental business. .
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GRMN | Hot Stocks07:05 EDT Garmin GFC 600H flight control system receives STC approval - Garmin announced that the GFC 600H flight control system has received Supplemental Type Certificate, or STC, approval for installation on the Bell 505 helicopter. The GFC 600H provides a number of helicopter-tailored safety features, including attitude hold with speed stability, the hover assist mode, Garmin Helicopter Electronic Stability and Protection, dedicated return-to-level mode, as well as overspeed and low-speed protection.
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LTRN | Hot Stocks07:05 EDT Lantern Pharma reports data from ongoing pancreatic cancer study with LP-184 - Lantern Pharma announced positive new data from its ongoing pancreatic cancer collaboration with the Pancreatic Cancer Institute at Fox Chase Cancer Center. Preclinical data demonstrated that the drug candidate, LP-184, demonstrated significant and rapid pancreatic tumor shrinkage, by over 90%, in in-vivo mouse models in 8 weeks. In comparison, the tumors in the untreated mice grew by over eleven-fold in volume during the same 8 week period. Complete tumor regression in pancreatic cancer in-vivo mouse models dosed with LP-184 over 8 week period. Additional positive data on the efficacy and potency of LP-184 was gathered from 6 pancreatic cancer cell lines, and an additional 5 patient-derived xenograft (PDX) ex-vivo tumor models.
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BBQG... | Hot Stocks07:04 EDT BBQGuys to become publicly traded via merger with Velocity Acquisition - BBQ Holding, LLC, a leading specialty e-commerce platform for higher-end BBQ grills, grilling accessories and outdoor living products for both homeowners and professional builders and Velocity Acquisition Corp. (VELO), a publicly-traded special purpose acquisition company, announced today they have entered into a definitive business combination agreement that will result in BBQGuys becoming a publicly listed company on NASDAQ under the new ticker symbol "BBQG". The transaction values the Company, which generated revenue of $264 million in 2020, at a pro forma equity value of approximately $963 million and an enterprise value of approximately $839 million. Velocity, launched by investment platform &vest, is led by Doug Jacob, Founder, and Adrian Covey, Chief Executive Officer. Velocity is the second SPAC launched by &vest; its first SPAC, FAST Acquisition Corp (FST), entered into an agreement to merge with Fertitta Entertainment Inc. in an $8.6 billion transaction. BBQGuys' Chief Executive Officer, Russ Wheeler, and the current management team will continue to lead the combined company. The transaction implies a pro forma enterprise valuation for BBQGuys of $839 million, or 17.0x projected 2022 pro forma Adjusted EBITDA of $49 million. Estimated cash proceeds to the Company from the transaction are expected to consist of Velocity's $230 million of cash in trust. The Company expects to use the proceeds from the transaction to invest in BBQGuys' key growth initiatives, including acquisitions, and provide additional working capital in addition to covering transaction-related costs. Upon the closing of the transaction, and assuming none of Velocity's public stockholders elect to redeem their shares, existing BBQGuys shareholders, including BVP, are expected to own 71% of the combined company, the Velocity sponsors are expected to own 5% of the combined company, and public stockholders are expected to own 24% of the combined company. As part of BVP's "Share the Gains" program, BVP's principals are allocating 10% of their carried interest to the non-senior management employees of BBQGuys. The boards of directors of each of Velocity and BBQGuys have approved the transaction. The transaction will require the approval of the stockholders of Velocity and is subject to other customary closing conditions including the receipt of certain regulatory approvals. The transaction is expected to close in the fourth quarter of 2021.
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IMNM | Hot Stocks07:04 EDT Immunome IMM-BCP-01 neutralizes SARS-CoV-2 Delta variant in testing - Immunome announced that its three-antibody cocktail, or IMM-BCP-01, has demonstrated potent neutralizing activity against the SARS-CoV-2 Delta variant in pre-clinical pseudovirus testing. Furthermore, IMM-BCP-01 showed in-vitro activity via non-neutralizing mechanisms, such as complement fixation, which Immunome expects will enable viral clearance. Immunome was awarded a $17.6M technology award from the U.S. Department of Defense's Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense, in collaboration with the Defense Health Agency, to support Immunome's COVID program. Given the near-term potential for a resurgence of COVID-19 infections driven by emerging variants, Immunome intends to explore opportunities to expedite the development of this potential therapeutic. The company plans to submit an IND application with the FDA this quarter.
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ONEW | Hot Stocks07:03 EDT OneWater Marine reaches agreement to acquires Naples Boat Mart - OneWater Marine announced that it has reached an agreement to acquire the assets of Naples Boat Mart, which will expand the company's presence on the West Coast of Florida and enhance new and pre-owned boat sales, storage, service and repair, and finance and insurance offerings. The transaction is expected to close in the fourth quarter of 2021. "We are thrilled to welcome Philip Osborne and the Naples Boat Mart team into the OneWater family as we continue to deliver on our acquisition strategy. This acquisition enhances our overall presence on Florida's West Coast and complements our recent acquisition of Walker Marine Group," said Austin Singleton, Chief Executive Officer for OneWater.
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TRV | Hot Stocks06:59 EDT Travelers CEO says 'excellent underwriting and investment results' in Q2 - "We are very pleased to report excellent underwriting and investment results, generating second quarter core income of $879 million, or $3.45 per diluted share, and core return on equity of 13.7%," said Alan Schnitzer, Chairman and CEO. "Higher underlying underwriting income and net favorable prior year reserve development, as well as a lower level of catastrophe losses, all contributed to higher core income compared to the prior year quarter. Underlying underwriting income benefited from record net earned premiums and a strong underlying combined ratio of 91.4%. Our high-quality investment portfolio generated net investment income of $682 million after-tax, reflecting very strong returns in our non-fixed income portfolio. These results, together with our strong balance sheet, enabled us to return $625 million of excess capital to shareholders this quarter, including $401 million of share repurchases. For the quarter, net written premiums grew 11%, or 8% adjusting for the auto premium refunds in the prior year quarter, with each of our three segments contributing. In Business Insurance, net written premiums grew by 5%, with renewal premium change of 9.5% near an all-time high, driven by continued strong renewal rate change and higher insured exposures reflecting higher levels of U.S. economic activity. At the same time, retention was higher reflecting stability in the pricing environment and we grew new business by 9%. In Bond & Specialty Insurance, net written premiums increased by 16%, driven by record renewal premium change of 12.7% in our management liability business, while retention remained strong. In Personal Insurance, net written premiums increased by 16%, or 8% adjusting for the auto premium refunds in the prior year quarter. Policies in force in both Auto and Homeowners are at record levels driven by continued strong retention and growth in new business."
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TRV | Hot Stocks06:58 EDT Travelers reports Q2 book value per share of $116.86 - Book value per share of $116.86, up 10% from June 30, 2020; adjusted book value per share of $103.88, up 13% from June 30, 2020.
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MDWD | Hot Stocks06:57 EDT MediWound trading halted, news pending
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SCM | Hot Stocks06:55 EDT Stellus Capital increases monthly dividend to 27c per share - Stellus Capital announced that its board has declared a regular monthly dividend for each of July, August and September for an aggregate of 27c per share, which is an increase of 2c for the quarter as compared to the prior quarter. In addition, the board has declared a supplemental dividend of 1c for each of the months of July, August and September.
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DSGX | Hot Stocks06:51 EDT Halfords implements Descartes Systems' last mile delivery solution - Descartes Systems has announced that UK-headquartered Halfords is using Descartes' last mile delivery solution to enable dynamic delivery pricing in its customer-facing mobile tire replacement service and as its new international field service software solution called Avayler. First metrics show that Halford's mobile service business has already been able to improve gross profit by 5% and reduce miles per delivery by 13%.
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HITI | Hot Stocks06:49 EDT High Tide to acquire DankStop for $3.85M, sees accretion - High Tide announced that it has entered into a definitive agreement pursuant to which High Tide USA, a wholly-owned U.S. subsidiary of the company will acquire 100% of the issued and outstanding shares of DS Distribution, or DankStop, operating as DankStop.com for $3.85M. The DankStop acquisition will be immediately accretive and its growing base of over 200,000 email subscribers provides High Tide with another sales channel on which to sell its products. Although currently operating in the hemp-derived CBD and consumption accessories space, High Tide intends to expand its cannabis retail network into the United States in the event of federal legalization, through cannabis subscription boxes, mature e-commerce sites and bricks and mortar locations. Upon closing of the transaction DankStop co-founder Feliks Khaykin and director Gabe Aronovich will be joining the High Tide team with Feliks taking on the role of Director of U.S. Operations and Gabe coming on as Director of U.S. Business Development. The transaction, which is an arm's length transaction, is subject to, among other things, receipt of required TSX Venture Exchange approval, and other customary conditions of closing, is expected to close in the coming weeks. Pursuant to the terms of the Transaction, High Tide USA, a Nevada corporation and a wholly-owned subsidiary of High Tide, will purchase 100% of the issued and outstanding shares of DankStop. The consideration for the 100% of DankStop acquired will be $3.85M in common shares of High Tide on the basis of a deemed price per High Tide Share equal to the volume weighted average price per High Tide Share on the TSXV for the 10 consecutive trading days preceding closing of the transaction. Upon closing, DankStop will have approximately $100,000 of cash and non-cash working capital and inventory of approximately $220,000. Following the completion of the transaction, DankStop will continue its corporate existence under the state of Delaware as a 100% owned subsidiary of High Tide USA. The transaction has been unanimously approved by the board of directors of High Tide and DankStop. The High Tide Shares issued pursuant to the consideration are subject to a statutory hold period of four months and one day.
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RHHBY | Hot Stocks06:49 EDT Roche announces Japan approves Ronapreve for mild to moderate COVID-19 - Roche announced that Japan's Ministry of Health, Labour and Welfare, or MHLW, has approved Ronapreve for the treatment of patients with mild to moderate COVID-19 via intravenous infusion. The antibody combination was granted a Special Approval Pathway under article 14-3 of the Pharmaceuticals and Medical Devices Act. Outside Japan, the antibody combination has been authorized for emergency use or temporary pandemic use in additional territories and regions, including in the European Union, United States, India, Switzerland and Canada. It is also undergoing rolling review by the European Medicines Agency and was granted a scientific opinion by the Committee for Medicinal Products for Human Use, supporting its use as a treatment option for patients with confirmed COVID-19 who do not require oxygen supplementation and who are at high risk of progressing to severe COVID-19. "In December 2020, Chugai obtained development and exclusive commercialization rights in Japan from Roche, and is working with the Japanese government to ensure an appropriate and timely supply of Ronapreve. In these exceptional times, Roche stands together with society, governments, healthcare providers and all those working to overcome the pandemic," the company said.
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TCRR | Hot Stocks06:48 EDT TCR2 Therapeutics appoints Peter Olagunju as CTO - TCR2 Therapeutics announced the appointment of Peter Olagunju as CTO where he will oversee process development, manufacturing, quality control and technical operations for the Company's TRuC-T cell programs and emerging pipeline. Olagunju brings to TCR2 over 20 years of experience in cell and gene therapy, clinical development, program management, manufacturing and technical operations. Prior to joining the Company, he was Senior Vice President of Technical Operations at FerGene, where he led the technical operations function for the commercialization of a gene therapy for bladder cancer. Before that, Olagunju was Vice President of Global Patient Operations at bluebird bio, where he held several roles of increasing responsibility.
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HAL | Hot Stocks06:47 EDT Halliburton CEO says 'our strategy is working well' - "Our second quarter performance demonstrates that our strategy is working well and Halliburton's strategic priorities are driving value in this transition year. Total company revenue increased 7% sequentially, as both North America and international markets continued to improve, and operating income grew 17% with solid margin performance in both divisions," commented Jeff Miller, Chairman, President and CEO. "Halliburton's Completion and Production division margin reached three-year highs, while our Drilling and Evaluation division margin outperformed expectations, setting both divisions up for robust margin growth this year. Our solid free cash flow generation further demonstrates the effectiveness of our strategy to strengthen the cash flow profile of our business. The positive activity momentum we see in North America and international markets today, combined with our expectations for future customer demand, gives us conviction for an unfolding multi-year upcycle. Halliburton's value proposition, unique exposure to both international and North America markets, and differentiated technologies across an integrated services portfolio solidify our sustainable competitive advantage, and deliver strong free cash flow and industry-leading returns," concluded Miller.
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HAL | Hot Stocks06:46 EDT Halliburton reports Q2 cash flow from operations $409M, free cash flow $265M
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MRNA TAK | Hot Stocks06:45 EDT Moderna announces Takeda plans to acquire 50M additional doses of COVID vaccine - Moderna (MRNA) announced that the Ministry of Health, Labour and Welfare of Japan, or MHLW, and Takeda Pharmaceutical (TAK) have agreed to purchase and distribute an additional 50M doses of Moderna's COVID-19 vaccine and its updated variant booster vaccine candidate, if authorized, to begin delivery in 2022. This new supply agreement is in addition to the prior agreement for 50M doses in 2021 resulting in a total of 100M doses for Japan. Moderna is responsible for the manufacture and supply of Moderna's vaccine candidate, and Takeda, with the support of the MHLW and Moderna, is responsible for all import, local regulatory, development and distribution activities in Japan for these additional 50M doses beginning in 2022.
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UBS | Hot Stocks06:39 EDT UBS CEO says 'momentum is on our side' - Ralph Hamers, UBS CEO, said, "Our growth in the second quarter was underpinned by the relationships we have built and strengthened throughout the pandemic and by the trust our clients placed in our people and in our firm. All business divisions and all regions contributed to our results. Our clients invested more with us - in private markets and separately managed accounts. They came to us to finance their homes and their businesses and to create liquidity buffers for unforeseen events, all of which led to an increase in net new loans year-on-year. They sought out our advice when dealing with the industry changes coming out of the pandemic, to digitize their business models and gain scale. And so advisory and capital market revenues also increased. They continued to seek yield with us and therefore actively engaged in structured products and alternative investments. Invested assets with a sustainability or impact focus saw growth as clients aligned their portfolios with their values. Momentum is on our side and our strategic choices and initiatives are paying off. And we are eager to make the most of the future.
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PPG | Hot Stocks06:39 EDT PPG sees FY21 CapEx $425M-$450M - The company continues to rapidly integrate all recent acquisitions, and expects 2021 synergies from these closed acquisitions to be approximately $25M.
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PPG | Hot Stocks06:30 EDT PPG sees Q3 sales volumes up at low single digit percentage y/y - The company expect demand recovery to continue, but says the pace of recovery will vary across end-use markets and geographic regions. In Q3, sales volumes are expected to be up by a low-single-digit percentage compared to the third quarter 2020. This includes the unfavorable impact of continuing raw material shortages and growing customer production constraints related to computer chip shortages. Comments taken from Q2 prepared remarks.
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CFG | Hot Stocks06:29 EDT Citizens Financial reports Q2 net interest margin 2.72% vs. 2.88% a year ago
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CFG | Hot Stocks06:27 EDT Citizens Financial CEO says 'modest loan growth' during Q2 - "We continued to demonstrate the strength and diversity of our business model in the second quarter, as a drop in Mortgage revenue was partially offset by record results in Capital Markets and Wealth," said Chairman and CEO Bruce Van Saun. "We saw modest loan growth during the quarter, and expect that to accelerate in the second half as the economy continues to grow and excess liquidity is redeployed. We are executing well on our strategic initiatives and have commenced work on a TOP 7 program, with details to be announced later this year."
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LGO | Hot Stocks06:05 EDT Largo Resources: LCE enters first battery sales contract with Enel Green Power - Largo Resources is pleased to announce that Largo Clean Energy has entered into its first VCHARGE+/- vanadium redox flow battery system sales contract with Enel Green Power Espana. Under the contract, LCE is obligated to deliver a 5 hour 6.1 MWh VCHARGE+/- system for a project in Spain with expected commissioning in Q4 2022, subject to receipt of notice to proceed from EGPE within the next 180 days.
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MRK | Hot Stocks06:02 EDT Merck says islatravir 'well tolerated versus placebo' in Phase 2a trial - Merck announced results from a Phase 2a clinical trial evaluating the safety, tolerability and pharmacokinetics ( of six monthly oral doses, over 24 weeks, of islatravir, the company's investigational nucleoside reverse transcriptase translocation inhibitor, versus placebo for pre-exposure prophylaxis of HIV-1 infection in adults at low-risk of contracting HIV-1. After 24 weeks, once-monthly oral islatravir was generally well tolerated versus placebo. Most adverse events were mild and there were no serious drug-related AEs in people who received islatravir. The levels of islatravir in peripheral blood mononuclear cells also remained above the pre-specified efficacy PK threshold for PrEP at both doses studied (60 mg and 120 mg) eight weeks after the last study dose. These data were shared as a late-breaking oral presentation during the virtual 11th International AIDS Society Conference on HIV Science and are a follow-up to the interim analysis that was presented earlier this year at the virtual 2021 HIV Research for Prevention Conference.
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MDLZ | Hot Stocks05:35 EDT Mondelez business voluntarily recalls muffin products with potential Listeria - Give and Go Prepared Foods announced a voluntary nationwide recall of certain muffin products due to the potential for the products to be contaminated with Listeria monocytogenes, an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems.
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FSM | Hot Stocks05:32 EDT Fortuna produces 1.89M ounces of silver, 31.048 ounces of gold in Q2 - Fortuna Silver Mines reported production results for Q2 from its three operating mines in the Americas, the San Jose Mine in Mexico, the Caylloma Mine in Peru, and the Lindero Mine in Argentina. The company produced 1,892,822 ounces of silver and 31,048 ounces of gold or 55,953 gold equivalent1 ounces. Silver and gold production for the first six months of 2021 totaled 3,806,577 ounces and 65,603 ounces, respectively, or 115,690 gold equivalent ounces. The company is also providing an updated production and cost guidance for 2021 which also incorporates gold production for the second half of the year from the Yaramoko Mine in Burkina Faso. Reports Q2 silver production of 1,892,822 ounces; a 49% increase over Q2 2020. Reports Q2 gold production of 31,048 ounces, a 337% increase over Q2 2020. Reports Q2 lead production of 8,143,876 pounds; a 20% increase over Q2 2020. Lastly, reports Q2 zinc production of 11,763,866 pounds; a 7% increase over Q2 2020.
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REGN | Hot Stocks05:27 EDT Regeneron receives Japan MHLW approval for COVID-19 antibody cocktail - Regeneron announced that Japan's Ministry of Health, Labour and Welfare, or MHLW, has approved Regeneron's casirivimab and imdevimab antibody cocktail to treat patients with mild to moderate COVID-19. This marks the first time the antibody cocktail, known as REGEN-COV in the U.S. and Ronapreve in other countries, has received a full approval to treat COVID-19. Emergency or temporary pandemic use authorizations are currently in place in more than 20 countries, including in the U.S., European Union, India, Switzerland and Canada.
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DZSI | Hot Stocks05:26 EDT DZS enters 5G network deployment partnership with Quanta Cloud Technology - Quanta Cloud Technology, or QCT, and DZS announced a strategic partnership to jointly accelerate virtualization and containerized Open RAN-based infrastructures for telco operators. This partnership between DZS and QCT leverages DZS mobile transport, telco edge, and converged network expertise and QCT's server and NFV infrastructure integration capabilities, to address carrier and operator business opportunities in 5G, edge cloud and network virtualization.
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MYOV | Hot Stocks05:18 EDT Myovant Sciences receives EC approval for Ryeqo MAA - Myovant Sciences announced the European Commission, or EC, has approved the marketing authorization application, or MAA, for Ryeqo for the treatment of moderate to severe symptoms of uterine fibroids in adult women of reproductive age, with no limitation for duration of use. The EC decision is valid in all 27 member states of the European Union, as well as Iceland, Norway and Liechtenstein.
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NXPI | Hot Stocks05:15 EDT NXP Semiconductors, Moter Technologies partner to extend vehicle insurance - NXP Semiconductors and Moter Technologies have announced a secure data exchange platform that links deep data from connected vehicles to the insurance industry to power data science solutions for risk assessment, cost modeling, and more. The platform combines NXP's S32G2 vehicle network processors, offering a new type of vehicle edge compute with the ability to access vehicle-wide data, with Moter data analytics software to help fully monetize vehicle data for new and improved automotive insurance services.
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MBWM | Hot Stocks05:08 EDT Mercantile Bank raises quarterly cash dividend 3.4% to 30c per share - Mercantile Bank announced that its board of directors declared a regular quarterly cash dividend of 30c per common share, payable on September 15 to holders of record as of September 3. The 30c cash dividend represents an increase of 3.4% from the 29c regular cash dividend paid during Q2.
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