Stockwinners Market Radar for July 31, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

18:05 EDT Leidos raises quarterly dividend to 36c per share from 34c - Leidos Holdings announced that its Board of Directors has declared a quarterly cash dividend of 36c per outstanding share of common stock of Leidos Holdings, Inc., a 2c increase compared to the prior quarterly dividend of 34c per share. The cash dividend is payable on September 30, 2021 to stockholders of record as of the close of business on September 15, 2021.

16:31 EDT Continental Resources raises quarterly dividend to 15c from 11c per share - Payable on August 20 to stockholders of record on August 10.

15:18 EDT Norfolk Southern raises quarterly dividend 10% to $1.09 from 99c per share - The dividend is payable August 20 to shareholders of record on August 9. Norfolk Southern reduced the days between shareholder of record date and payable date beginning last quarter, effectively accelerating payments to shareholders.

14:50 EDT FDA says Conformis appears to have addressed violations - In a close-out letter sent to Conformis CEO Mark Augusti posted to the site of the FDA, dated July 30, the agency stated in part: "The Food and Drug Administration has completed evaluation of your firm's corrective actions in response to our Warning Letter (CMS # 596362) issued on December 12, 2019. Based on our evaluation, it appears that you have addressed the violation(s) contained in this Warning Letter. Future FDA inspections and regulatory activities will further assess the adequacy and sustainability of these corrections. This letter does not relieve you or your firm from the responsibility of taking all necessary steps to assure sustained compliance with the Federal Food, Drug, and Cosmetic Act and its implementing regulations or with other relevant legal authority. The Agency expects you and your firm to maintain compliance and will continue to monitor your state of compliance. This letter will not preclude any future regulatory action should violations be observed during a subsequent inspection or through other means." Reference Link

14:30 EDT NextGen Healthcare says it 'fully prevails' in Hussein trial jury verdict - NextGen Healthcare announced that the Ahmed D. Hussein v. Sheldon Razin, Steven Plochocki and Quality Systems, Inc. lawsuit filed in the Superior Court of the State of California for the County of Orange on October 7, 2013 concluded on July 29, 2021 with a jury verdict in favor of the company and Messrs. Razin and Plochocki on all counts with no financial liability for the company. As such, no adjustments are necessary to the company's Q1FY22 financials, which were reported on July 29, 2021, just over an hour before the jury returned its verdict. The company will file its Quarterly Report on Form 10-Q today on Friday, July 30, 2021.

13:57 EDT Linde up 3% to $307.89 after Q2 beat, 2021 guidance raise

13:29 EDT Citi CFO says 'very good progress' seen in equities 'straight through' Q2 - Citi CFO Mark Mason stated on a fixed income investor review call: "In the equities space, in particular, we've seen very good progress straight through the second quarter here, where we're focused on getting the most out of the resources that we've dedicated to the business. Overall, we're up almost 40% versus the second quarter last year, and Prime and Delta One are up similar levels. And so good strength there, good client balance growth there. And as [Treasurer Michael Verdeschi] suggests, we're well positioned to fund the opportunities as they present themselves as we do more with our clients."

13:18 EDT Citi CFO would expect additional reserve releases, but 'hard to call precisely' - Asked on a fixed income investor review call about the potential future benefit of reserve releases, Citi CFO Mark Mason stated: "We have seen on the heels of 2020, we have seen the economy and the outlook improve. And that's been an important factor through quarter one and quarter two as we've seen reserve releases play through. We've also, by the way, continued to have very strong client engagement and strong underlying indicators around the prospect for a strong recovery that we feel good about. As it relates to your question specifically on additional reserve releases, there are a number of factors that come into play there. So one is the continued outlook for the macroeconomic indicators, how GDP, how unemployment is likely to evolve. The second is how the portfolio mix changes. And as you know, we are starting to invest in bringing on or acquiring new customer accounts and reactivating card activity with customers. And so that's going to be a factor as loan balances begin to build. And then the last factor would be kind of the downside scenario that we assume as we run these different CECL models that we have. And so hard to say with precision where this ends up for the year. The way the indicators have been evolving, I would expect that we would see additional reserve releases but hard to call that precisely."

13:05 EDT Tiziana planned study of intranasal foralumab for COVID posted to ClinicalTrials - Details of an "In-patient COVID-19 Study of Intranasal Foralumab" sponsored by Tiziana Life Sciences were posted to the ClinicalTrials.gov website in a post dated July 30. "Approximately 80 hospitalized subjects with severe COVID-19 and evidence of pulmonary involvement on a computed tomography scan at screening will be enrolled in this study over 4 months, depending on enrollment. Up to 7 centers in Brazil will conduct this study. The main study objective is to evaluate the effect of intranasal foralumab on evolution of pulmonary infiltrates in hospitalized subjects with severe COVID-19 pneumonia," the page states. The estimated study start date is listed as October 25, 2021 and the estimated primary completion date is listed as February 25, 2022. Reference Link

12:53 EDT Tesla CEO Musk says he and Apple CEO Cook 'have never spoken or written' - Elon Musk, CEO of Tesla (TSLA), said in tweet regarding what he says is false prior reporting regarding his contact and interactions with Apple (AAPL) CEO Tim Cook: "Cook & I have never spoken or written to each other ever. There was a point where I requested to meet with Cook to talk about Apple buying Tesla. There were no conditions of acquisition proposed whatsoever. He refused to meet. Tesla was worth about 6% of today's value." Reference Link

12:21 EDT FTC withdraws remaining AndroGel case against AbbVie - After the Supreme Court declined to review a ruling from the Third Circuit that AbbVie used sham litigation to illegally maintain a monopoly, the Federal Trade Commission has withdrawn the remaining count in its complaint, the Federal Trade Commission announced. "The Commission is deeply disappointed that we cannot compensate consumers who were the victims of AbbVie's and Besins's anticompetitive conduct, despite proving that the companies engaged in illegal sham litigation. Here, the FTC would have been able to return almost a half billion dollars directly to AndroGel consumers. Instead, AbbVie and Besins can retain all of the ill-gotten gains resulting from their illegal anticompetitive conduct. This case highlights the pressing need for legislation reinstating the FTC's authority to seek equitable monetary relief for consumers in competition cases," said Holly Vedova, Acting Director of the Bureau of Competition. Reference Link

12:00 EDT ATI Physical Therapy falls -12.7% - ATI Physical Therapy is down -12.7%, or -46c to $3.17.

12:00 EDT Pinterest falls -18.7% - Pinterest is down -18.7%, or -$13.46 to $58.58.

12:00 EDT First High-School Education rises 14.2% - First High-School Education is up 14.2%, or 49c to $3.94.

11:21 EDT Chevron says share repurchase program leaves room for debt cuts - Comments taken from Q2 earnings conference call.

11:07 EDT Humanigen says NIH advances ACTIV-5/BET-B trial of lenzilumab - Humanigen announced that the NIH has advanced the ACTIV-5/BET-B study to a Phase 2/3 study and modified the primary endpoint to survival without ventilation, the same endpoint used in the Phase 3 LIVE-AIR study. The amended ACTIV-5/BET-B study now includes 400 patients overall. Up to sixty US sites will be participating in the study. Humanigen is providing lenzilumab and assisting the NIH to achieve the timely completion of the study. NIH is sponsoring and funding this study

10:05 EDT Daimler board gives go-ahead for spinoff of Daimler Trucks - The Board of Management and Supervisory Board of Daimler AG have given the go-ahead for the company's realignment and the ongoing roadmap. After the planned spin-off of Daimler Truck by the end of this year the shareholders of Daimler AG will hold a 65% stake in the new Daimler Truck Holding AG, which will then be listed on the stock exchange as an independent company. Daimler shareholders are to receive one additional share in Daimler Truck Holding AG, the global market leader for commercial vehicles, for every two shares they hold in Daimler AG. Daimler will retain a minority interest of 35% in Daimler Truck Holding AG and intends to transfer 5% to Daimler Pension Trust e.V., a registered association according to German law. The Daimler shareholders will decide on this realignment of their company at an extraordinary general meeting on 1 October this year. In this context, a decision is also to be made on renaming Daimler AG as Mercedes-Benz Group AG as of 1 February 2022. This step is intended to emphasize the future focus of the company on the car and van business with the Mercedes-Benz brand as well as the sub-brands Mercedes-AMG, Mercedes-Maybach and Mercedes-EQ.

10:00 EDT Rogers Corporation falls -11.8% - Rogers Corporation is down -11.8%, or -$24.08 to $179.91.

10:00 EDT Carter's rises 6.6% - Carter's is up 6.6%, or $6.53 to $105.05.

10:00 EDT Capri Holdings rises 12.3% - Capri Holdings is up 12.3%, or $6.14 to $56.19.

09:47 EDT Youdao falls -11.5% - Youdao is down -11.5%, or -$1.06 to $8.17.

09:47 EDT Pinterest falls -17.0% - Pinterest is down -17.0%, or -$12.26 to $59.78.

09:47 EDT Bright Scholar rises 7.3% - Bright Scholar is up 7.3%, or 25c to $3.68.

09:42 EDT Rallybio Holdings LLC trading resumes

09:27 EDT AbbVie says 'vast amount' of portfolio in recovery phase from pandemic - Says continues to make excellent progress in R&D. Comments taken from Q2 earnings conference call.

09:25 EDT Diana Shipping signs supplemental agreement with Nordea Bank - Diana Shipping (DSX) announced that on July 29, 2021, it signed, through seven wholly-owned subsidiaries, a supplemental agreement to the existing secured loan agreement with Nordea Bank (NRDBY), filial i Norge, to extend by 2 years the repayment of the existing secured loan facility from March 2022 to March 2024 and to increase the loan facility by an amount of $460,000; all other terms to remain the same.

09:17 EDT BBQ Holdings completes acquisition of Village Inn, Bakers Square - BBQ Holdings announced it has completed the acquisition of Village Inn, a family restaurant concept with 21 company-owned restaurants and 114 franchised restaurants, and Bakers Square, a pie and comfort food concept with 12 company-owned restaurants.

09:16 EDT Baker Hughes announces $2B share repurchase authorization - Baker Hughes (BKR) announced that its board of directors has authorized Baker Hughes Holdings to repurchase up to $2B of its common units. The company will use the proceeds from the sale of its BHH LLC common units to repurchase its Class A shares. Baker Hughes and BHH LLC are also authorized to enter into an agreement with General Electric (GE) whereby BHH LLC will repurchase its common units from GE on a pro rata basis and on the same terms as it repurchases common units from Baker Hughes. The proceeds distributed to Baker Hughes will be used to repurchase Class A shares on the open market or in privately negotiated transactions.

09:08 EDT Mister Car Wash adds new locations in California's Central California - Mister Car Wash added two new Central Valley locations in Turlock and Riverbank. The Turlock location on 1400 Geer Rd. opened earlier this week, and the Riverbank location on 2369 Claribel Rd. is scheduled to open in August. Mister has 39 locations throughout California.

09:04 EDT NextNav showcases Pinnacle vertical location service at NENA Conference - NextNav detailed the capabilities of its vertical geolocation network, Pinnacle, at the National Emergency Numbers Association Conference and Expo, one of the nation's largest public safety conferences, earlier this week. At the show, Dan Hight, VP of Business Development and Partnerships at NextNav, presented on the state of Z-axis, highlighting how Pinnacle augments public-safety answering point and first responder operations through precise geolocation data. Alongside panelists from NENA and Google, Hight's session outlined the need for resilient and secure technologies that can operate in GPS-denied environments, including those caused by natural disasters, downed internet connections, and power outages, and provide life-saving geolocation intelligence to first responders in emergency situations. NextNav's Pinnacle network delivers floor-level altitude measurements, exceeding the FCC mandate for three-meter accuracy, across over 4,400 U.S. cities and towns. Through Pinnacle, PSAPs and first responders can be equipped with precise location and altitude intelligence on emergency dialers, minimizing emergency response times and maximizing situational awareness, especially in urban environments where 84% of the U.S. population lives. In June 2021, NextNav entered into a definitive merger agreement with Spartacus Acquisition Corporation.

09:03 EDT Castor Maritime announces charter agreement for M/V Magic Orion - Castor Maritime announces that the M/V Magic Orion, a 2006 built Capesize dry bulk carrier, following completion of its current employment contract, has been fixed on a time charter contract earning a daily gross charter rate of $39,500, expected to commence on August 3, 2021, with a term of about 45 days.

09:02 EDT CarGurus announces CarGurus Instant Max Cash Offer - CarGurus announced CarGurus Instant Max Cash Offer, a new offering powered by CarOffer to help consumers sell their vehicles 100% online and have them picked up at the location of their choice. Starting with a roll out in Florida, Massachusetts and Texas, CarGurus shoppers in those states will now be able to digitally sell their vehicle to interested dealers via CarOffer's Buying Matrix platform. Unlike many existing offerings to sell your car online, CarGurus Instant Max Cash Offer instantly presents consumers the highest offer available from the thousands of dealerships in the CarGurus/CarOffer network.

08:46 EDT Caterpillar says 'optimistic' about ability to mitigate supply chain challenges

08:44 EDT ECMOHO achieves single-event single-brand sales volume of RMB 2.4M - ECMOHO recently teamed up with famous Chinese actress Eva Huang to launch the live broadcast for a brand-new line of health equipment. Its flagship KGC DreamCloud Smart Massage Chair, with its powerful and comprehensive functions, attracted nearly 2 million users, and achieved a single-event, single-brand gross merchandise value of RMB 2.38 million. With the general rise of interest-based social media, GMV of goods sold via Douyin in the past year increased 50 times year-over-year. Many of ECMOHO's partnership brands gained market share and sales during the June "618" event this year.

08:40 EDT Staffing 360 Solutions to require internal U.S. employees to be vaccinated - Staffing 360 Solutions announced that as part of its ongoing duty to keep its employees, their families, contractors, temporary workers, clients and visitors as safe as possible, the Company will now require COVID-19 vaccinations for its internal U.S. employees. While the decision to mandate the vaccine is not legislated in the UK, we are proud that 95% of our UK staff has chosen the vaccine voluntarily.

08:26 EDT Exagen appoints Ana Hooker to board of directors - Exagen announced the addition of Ms. Ana Hooker as an additional independent member to its Board of Directors, effective July 29, 2021. Ana Hooker has served as the Senior Vice President, Operations of Exact Sciences Corporation, a molecular diagnostics company, since July 2015.

08:20 EDT Cyclo Therapeutics announces new data from Trappsol Cyclo study - Cyclo Therapeutics announced new data from its Phase 1 extension study evaluating Trappsol Cyclo for the treatment of Niemann-Pick Disease Type C1, or NPC, a rare, progressive and fatal genetic disorder characterized by abnormal accumulation of cholesterol in cells. These data are being presented at the National Niemann Pick Disease Foundation Family Support & Medical Conference being held virtually July 29-August 1, and at the International Niemann Pick Disease Foundation biennial meeting held on August 1, also being held virtually. improvements in some patients. The first patient was dosed in the open-label extension study in May 2019 and the last patient enrolled was in February 2020. The company previously reported data on the Phase 1 extension study in January based on the initial efficacy results at a data cut-off of September 2020. The results summarized below have a data cut-off of July. The safety profile of Trappsol Cyclo continues to be favorable, with no adverse events attributed to drug. Efficacy as measured with the 17-Domain NPC Severity Scale in eight patients from baseline through most recent data show a trend of stability for patients, with the mean length of exposure of 25 months. The 17-Domain scale evaluates nine major disease features and eight minor disease features. Disease features using this tool showed worsening in hearing in three patients and improvement in hearing in one patient: worsening in eye movements in four patients, worsening in swallow in one patient and improvement in swallow in three patients, improvement in memory in one patient, with other disease features of the 17-Domain scale stable. Using a sub-set of the 17-Domain NPC Severity Scale, the 5-Domain NPC Severity Scale which measures disease features most important to patients' quality of life, per NPC patient assessments, a trend in disease stabilization is observed. An average of worsening of 0.4 pts per year was observed for all patients with all available data. This is significant as a worsening of 1.4 pts per year would be expected for NPC patients based on published calculations. Three patients were stable overall; one patient improved and three worsened but at a slower rate than expected without intervention and one worsened beyond expected. One patient added Miglustat to their treatment program after one year on the extension protocol, with no change to the 5-Domain score. Dose level does not appear to be a factor in the positive data reported here but given that the sample size is limited it is not possible to interpret dose definitively. The patient who improved overall in the 5-Domain NPC Severity Score received the 1500 mg/kg dose, while the patient who worsened overall also received the 1500 mg/kg dose. Of the three patients who were stable overall, two received the 1500 mg/kg dose and 2 received the 2500 mg/kg dose. These findings provide additional support for the capacity of Trappsol Cyclo to stabilize disease progression in NPC1.

08:17 EDT Nebula Caravel Acquisition completes combination with Rover Group - A Place for Rover and Nebula Caravel Acquisition Corp. (NEBC) announced that they have closed their previously announced business combination agreement. The business combination was approved by Caravel's stockholders at a meeting held on July 28. Upon completion of the business combination, Caravel changed its name to Rover Group, and its common stock and warrants are expected to begin trading on the Nasdaq Stock Exchange under the ticker symbols "ROVR" and "ROVRW", respectively, commencing August 2. Co-founder and CEO Aaron Easterly will continue to lead Rover's highly experienced management team. Adam Clammer, CEO of Caravel and founding partner of True Wind Capital, will serve on Rover's board of directors.

08:09 EDT Imago BioSciences receives orphan designation from EMA for bomedemstat - Imago BioSciences announced that the European Medicines Agency, or EMA, has granted orphan designation for bomedemstat, a lysine-specific demethylase-1, or LSD1, inhibitor, for the treatment of essential thrombocythemia.

08:07 EDT Taoping signs strategic cooperation agreement with IntelStrat - Taoping announces that it has entered into a strategic cooperation agreement with Shenzhen IntelStrat Technology, Established in 2016, IntelStrat is a blockchain technology service company that provides comprehensive enterprise-class blockchain solutions to businesses and organizations. Its current services include distributed storage, data center infrastructure, and digital transformation. So far, IntelStrat has provided professional blockchain adoption solutions for more than 100 enterprises and institutions and provided blockchain adoption consulting services for more than 300 enterprises and institutions. Pursuant to the Agreement, which has a term of three years, TAOP and IntelStrat will seek in-depth collaboration in three aspects: Jointly establish a data service center based on distributed storage for cloud desktop, cloud rendering, cloud gaming, and artificial intelligence service business. Jointly expand market share in enterprise blockchain adoption by applying IntelStrat's blockchain technology to TAOP's existing areas for potential enterprise blockchain adoption. Jointly establish a blockchain industry fund and actively explore and invest in emerging blockchain companies to promote the application of blockchain technology in more industries.

08:04 EDT VSE Corp. appoints Farinaz Tehrani as chief legal officer - VSE Corp. announced the appointment of Farinaz Tehrani as senior VP, chief legal officer and corporate secretary, effective August 16. Tehrani will report directly to president and CEO John Cuomo, and will lead the company's legal, compliance and regulatory functions. Tehrani brings to VSE more than two decades of expertise in senior legal and compliance roles at global public and private companies across multiple industries.

08:02 EDT NFI Group named ZEB partner of choice by nine transit agencies - NFI Group announced that NFI subsidiaries New Flyer of America and Motor Coach Industries have collectively been named zero-emission bus partners of choice by a total of nine major transit agencies across the United States for their successful project awards from the Federal Transit Administration's 2021 Low or No Emission Grant Program. Following the FTA Notice of Funding Opportunity published February 11, 2021, with grant awards announced June 25, 2021, NFI supported the successful applications for over $40 million in grants awarded to nine U.S. public transit agencies and was specifically the named partner for the agency receiving the largest award in 2021 of $7.4 million for 10 ZEBs. Grant funds will support the procurement of ZEB's and the associated charging infrastructure from NFI. In addition, at least $60 million of Low-No awards were made to additional U.S. public transit agencies that have not yet named a specific ZEB partner and where NFI will now compete for the contracts.

07:49 EDT VF Corp. sees FY22 Outdoor revenue up 24%-26%, Active revenue up 37%-39% - Sees FY22 Work revenue up 16%-18%. Sees FY22 Vans revenue up 28%-29%, North Face revenue up 26%-28%, Timberland revenue up 18%-20%, Dickies revenue up at a mid-teens percentage rate. Sees FY22 direct-to-consumer revenue up 39%-41% and direct-to-consumer digital revenue up 29%-31%.

07:48 EDT VF Corp. sees FY22 adjusted gross margin greater than 56% - Sees FY22 adjusted operating margin greater than 13%. Comments taken from Q1 earnings conference call presentation slides.

07:42 EDT Ucommune International signs cooperation agreement for Beijing Financial Center - Ucommune International has signed a cooperation agreement with Beijing Investment Group, a wholly state-owned land developer affiliated to the Beijing government, to develop an asset-light project at the Beijing Asia Financial Center, an office building in the Chaoyang District of Beijing. The Project has an area of 6,141.98 square meters and 576 workstations and is one of Ucommune's flagship projects in Beijing. Beijing Investment Group currently operates the Asia Financial Center and previously invested in the design and construction of the center.

07:36 EDT Cabot Oil & Gas backs FY21 capital program $530M-$540M, backs FY21 production - Cabot reaffirmed its standalone guidance for 2021. The company's standalone operating plan for the year is expected to deliver an average net production rate of 2,350 Mmcfe per day from a capital program of $530M-$540M. Cabot has also provided its standalone third quarter 2021 production guidance range of 2,275 to 2,325 Mmcfe per day.

07:32 EDT L Brands announces settlement of stockholder derivative claims - L Brands announced the global settlement of all stockholder derivative claims alleging workplace misconduct at the company, including claims made in derivative stockholder litigations pending in Ohio and Delaware and in stockholder demands sent to the Board of Directors since February 2020. In the settlement, L Brands has agreed to a suite of corporate governance and management measures, including the maintenance of a Diversity, Equity and Inclusion Council, the strengthening of policies and procedures for reporting and investigating sexual harassment complaints and the hiring of a DEI consultant. These measures, which continue the governance and management reforms the Board has been implementing over the past year, will benefit L Brands stockholders and reflect L Brands' ongoing commitment to fostering a safe, equitable and inclusive workplace. Following the planned August 2, 2021 spin-off of Victoria's Secret & Co., the settlement terms will apply to both Bath & Body Works, Inc. and Victoria's Secret & Co. Each company has committed to invest $45M over at least five years to fund its governance policies. The settlement was negotiated by a Special Committee of the Board, helmed by Board Chair Sarah Nash, that had been formed to investigate the stockholders' allegations. The settlement will mark the full and final resolution of the stockholders' claims of workplace misconduct and the conclusion of the Special Committee's work.

07:18 EDT Verano affiliate opens Pittsburgh dispensary with drive-through - Verano Holdings announced the opening of a new affiliate storefront, The Healing Research Center in Pittsburgh. As part of the state's Chapter 20 Clinical Registrant Program, the dispensary will, in collaboration with the Drexel University Medical Cannabis Research Center, conduct ongoing research on medical cannabis and its effects on various conditions covered by the program in Pennsylvania. The Healing Research Center in Pittsburgh is Western Pennsylvania's first medical cannabis dispensary to feature a drive-through platform for its patients and is located near Interstate exits from both I-79 and I-376 at Robinson Centre Drive, which typically see combined traffic of approximately 200,000 cars per day, according to the Pennsylvania Department of Transportation. Verano affiliate Agronomed Biologics is permitted to open a medical cannabis cultivation and production facility as well as six dispensaries in Pennsylvania through its Clinical Registrant permit. The Healing Research Center is located at 6300 Robinson Centre Drive in Pittsburgh. The dispensary is set to open on Friday, July 30th at 10:00 a.m. local time. Regular business hours will be Monday through Friday 10:00 a.m. to 8:00 p.m., Saturday 10:00 a.m. to 6:00 p.m., and Sunday 10:00 a.m. to 4:00 p.m.

07:17 EDT Bloomin' Brands sees FY21 capital expenditures $140M-$150M - Sees FY21 new system-wide restaurants 20-25.

07:16 EDT Cerevel Therapeutics announces redemption of public warrants - Cerevel Therapeutics announced that on August 30, 2021 at 5:00 p.m. ET, it will redeem all of its outstanding public warrants to purchase shares of the Company's common stock that were issued under the Warrant Agreement, dated as of June 9, 2020, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent. Each such public warrant may be exercised by the holder thereof to purchase one share of the Company's common stock at the exercise price of $11.50 per public warrant. Any such public warrants that remain unexercised following 5:00 p.m. ET on August 30, 2021 will be void and no longer exercisable, and the holders of those public warrants will be entitled to receive only the redemption price of $0.01 per warrant. As a result of the redemption, the public warrants will cease to be traded on Nasdaq following the close of trading on August 30, 2021. Beneficial holders seeking to exercise public warrants should contact their brokerage firm as soon as possible to process the warrant exercise in advance of the redemption date. Brokers may have an earlier deadline for beneficial holders to exercise their public warrants than the deadline set forth above. Under the terms of the Warrant Agreement, the Company is entitled to redeem all of such outstanding public warrants if the last sale price of the Company's common stock reported is at least $18.00 per share on each of twenty trading days within a thirty trading day period. This share price performance requirement was satisfied as of July 27, 2021. Warrants to purchase common stock that were issued under the Warrant Agreement in a private placement and still held by initial holders thereof or their permitted transferees are not subject to this redemption.

07:11 EDT Colgate-Palmolive reports adjusted gross profit margin 60%, down 80 bps

07:08 EDT Capital Product Partners says supply of vessels continues to be very restricted - The company said, "The second quarter of 2021 saw further increases in container charter rates with continuous positive momentum building up beyond the second quarter of 2021. The supply of available vessels continues to be very restricted at this point - especially for panamax size and larger vessels - thus creating upward pressure on rates, while longer charter durations are being offered by charterers in order to incentivize owners to fix. Container volume growth remains high, especially on the transpacific trade, where volumes were up by approximately 45% during the first five months of the year compared to the same period a year ago. Overall, the COVID-19 pandemic continues to induce increased demand for containerized goods and the associated inventory replenishment, while logistics chain bottlenecks continue to persist around the globe further restricting the supply of vessels. As a result, analysts expect container vessel demand to grow by 6.6% in 2021. At the same time, the strength of the container chartering market resulted in the container vessel orderbook approximately doubling within less than 12 months, standing at around 20% of current fleet TEU capacity by mid-July 2021. As of quarter end, slippage including cancellations of newbuilding container vessels stood at 22.0% in TEU compared to 40% at the end of the second quarter of 2020. Supply growth for 2021 is estimated at 4.5% and it is expected to decrease to 2.6% in 2022 before a heavier delivery schedule in 2023. "

07:05 EDT Greenlane expects KushCo merger to close in Q3 - Greenlane continues to expect the proposed merger with KushCo Holdings to close in the third quarter of 2021, subject to the satisfaction or waiver of all remaining conditions in the agreement, including the receipt of all necessary approvals.

07:02 EDT Charter: Q2 total residential, SMB relationships up 332,000 - Second quarter total residential and small and medium business customer relationships increased by 332,000. As of June 30, 2021, Charter served a total of 31.8 million residential and SMB customers, with 1.3 million net new customer relationships added over the last twelve months. Second quarter total residential and SMB Internet customers increased by 400,000. As of June 30, 2021, Charter served a total of 29.6 million residential and SMB Internet customers, with 1.5 million total Internet customers added over the last twelve months. Second quarter total residential and SMB mobile lines increased by 265,000. As of June 30, 2021, Charter served a total of 2.9 million mobile lines, with 1.2 million mobile lines added over the last twelve months. Second quarter revenue of $12.8 billion grew by 9.5% year-over-year, driven by residential revenue growth of 6.8%, mobile revenue growth of 67.5% and advertising sales revenue growth of 65.1%. Second quarter Adjusted EBITDA1 of $5.0 billion grew by 11.8% year-over-year.

06:53 EDT Lazard reports Q2 average AUM $276B - Average assets under management for the second quarter was a record $276B, 32% higher than the second quarter of 2020, and 6% higher than the first quarter of 2021. Average AUM for the first half of 2021 was $269B, 25% higher than the first half of 2020. AUM as of June 30 was $277B, a quarter-end record, up 29% from June 30, 2020, and up 5% from March 31, 2021.

06:42 EDT Alzamend Neuro announces pre-IND submission for AL002 - Alzamend Neuro announced that it has submitted a pre-IND meeting request for AL002 and supporting briefing documents to the Center for Biological Evaluation and Research of the U.S. FDA. AL002 is a patented method using a mutant-peptide sensitized cell as a cell-based therapeutic vaccine that seeks to restore the ability of a patient's immunological system to combat Alzheimer's.

06:39 EDT AdvanSix lowers 2021 CapEx view to $65M-$70M from $70M-$80M

06:35 EDT LyondellBasell increases quarterly dividend 7.6% to $1.13 per share

06:24 EDT NatWest Group announces dividend of 3p per share, GBP 750M share buyback - Alison Rose, CEO commented: "As a result of our strong and resilient performance, coupled with our capital strength and cautiously optimistic outlook, we are announcing an interim dividend of 3p per share and share buy-back of up to GBP 750M."

06:21 EDT ReneSola, Emeren to co-develop ground-mounted solar projects in Italy - ReneSola announced the signing of a strategic partnership agreement with Emeren, a London, United Kingdom-based project developer specialized in the development of renewable energy power plants in Europe and other international markets, to co-develop ground-mounted solar projects in Italy, with a pipeline of several transactions scheduled for 2021. As part of the agreement, ReneSola Power and Emeren will develop projects in a broad range of sizes across the country, with a target of reaching 110 MW shovel-ready projects by 2022. The two companies expect the collaboration to further strengthen their presence in the Italian market.

06:13 EDT Largo Resources receives notice to proceed on battery sales contract in Spain - Largo Resources has received a notice to proceed on its previously announced sales contract with Enel Green Power Espana for the delivery of a 5 hour 6.1 MWh VCHARGE+/- system located in Spain.

06:09 EDT Chevron reports worldwide net oil-equivalent production 3.13M barrels per day - Q2 worldwide net oil-equivalent production was 3.13M barrels per day in second quarter, an increase of 5% from a year ago. U.S. upstream operations earned $1.4B in second quarter, compared with a loss of $2.1B a year earlier. The improvement was primarily due to higher crude oil realizations and the absence of second quarter 2020 charges for special items including impairments, write-offs and severance accruals. Higher crude oil production also contributed to the improvement between periods. The company's average sales price per barrel of crude oil and natural gas liquids was $54 in second quarter 2021, up from $19 a year earlier. The average sales price of natural gas was $2.16 per thousand cubic feet in second quarter 2021, up from 81c in last year's second quarter. Net oil-equivalent production of 1.14M barrels per day in second quarter was up 145,000 barrels per day from a year earlier. The increase was due to an additional 227,000 barrels per day of production following the Noble Energy acquisition and lower production curtailments, partially offset by a 68,000 barrels per day decrease related to the Appalachian asset sale and lower production due to normal field declines. The net liquids component of oil-equivalent production in second quarter 2021 increased 15% to 857,000 barrels per day, and net natural gas production also increased 15% to 1.68B cubic feet per day, compared to last year's second quarter.

06:05 EDT Chevron CEO says 'our free cash flow was the highest in two years' - "Second quarter earnings were strong, reflecting improved market conditions, combined with transformation benefits and merger synergies," said Mike Wirth, Chevron's chairman and CEO. "Our free cash flow was the highest in two years due to solid operational and financial performance and lower capital spending," Wirth added. "We will resume share repurchases in the third quarter at an expected rate of $2-3 billion per year."

06:03 EDT Chevron reports Q2 cash flow from operations $7B, free cash flow $5.2B

05:23 EDT AMD announces AMD Radeon RX 6600 XT graphics card - AMD announced the AMD Radeon RX 6600 XT graphics card, designed to deliver the high-framerate, high-fidelity and highly responsive 1080p gaming experience.

05:04 EDT Portland General Electric reports Q2 EPS 36c, consensus 37c - Reports Q2 revenue $537M, consensus $485.08M. Total revenues were driven by higher retail energy deliveries, due to strong demand with the reopening economy, as well as increased usage during the recent heat wave. Purchased power and fuel expense increased as a result of serving higher retail load and higher market prices as well as lower hydro and wind production in the region. Operating expenses increased, driven by preparations in advance of wildfire season and higher legal and benefits expenses. Lower wind production also drove lower production tax credits. "Facing historic temperatures and record demand in June, our system performed well as we maintained consistent and reasonably priced power delivery to all customers," said Maria Pope, PGE president and CEO. "The investments that we have made in generation and in building a safe, reliable, and resilient grid, prepared us well for the recent high heat events. Our recently filed 2022 general rate case seeks to further this work, while keeping prices affordable. Investing in a safe, reliable and resilient energy system as well as access to adequate energy resources is important as we face a rapidly changing climate."