Stockwinners Market Radar for August 03, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

ICON

Hot Stocks

19:50 EDT Iconix Brand trading halted, news pending
MERC

Hot Stocks

18:50 EDT Mercer receives bankruptcy court sales order approval for CLT facility - Mercer International announced that it received approval from the applicable Bankruptcy Court for a sales Order approving the acquisition by its wholly-owned subsidiary of a state-of-the-art CLT manufacturing facility located at Spokane, Washington for a price of $50M, subject to customary adjustments. The closing of the sale is scheduled to occur shortly.
CLX

Hot Stocks

18:47 EDT Clorox CEO: We're in an unprecedented cost environment - In an interview on CNBC's Mad Money, Linda Rendle said Clorox's brands have performed very well during the pandemic and it's a stronger company coming out of it. Clorox's brands have never been stronger and the business is fundamentally healthy, Rendle added. The company is taking "aggressive actions" to mitigate the cost environment, she noted. "This is a short-term, unpredictable macroenvironment," she said. Rendle is confident in growth over the long term and expects to expand gross margin in Q4.
T SNAP

Hot Stocks

18:35 EDT HBO Max offering access to select free episodes - WarnerMedia (T) said that, starting Tuesday, HBO Max will offer potential new subscribers in the U.S. the opportunity to watch select episodes of some of the platform's most popular programming in-app before they sign up. The in-app offering is an extension of the long-standing sampling opportunities available via HBOMax.com and more recently, through Snapchat's (SNAP) HBO Max Snap Mini, which allows Snapchatters to watch free episodes of HBO Max programming virtually alongside their friends within the Snapchat app. . The free experience will initially include 13 episodes of HBO and Max Originals, with new titles being rotated in and out of the collection periodically. The free offering will roll out today across all current HBO Max device partners. Pilot episodes available in the collection at launch include the first episodes of "Batwoman," "Euphoria," "Game of Thrones," "Harley Quinn," "Lovecraft Country," "Love Life," "Perry Mason," "Raised By Wolves," "The Flight Attendant," "Titans," "Veneno," and "Warrior." Reference Link
GOL BA

Hot Stocks

18:35 EDT Gol Linhas signs agreements for 28 additional Boeing 737 MAX-8 aircraft - Gol Linhas (GOL) announces the acceleration of its fleet transformation by signing agreements for 28 additional Boeing (BA) 737 MAX-8 aircraft, which is expected to reduce the company's unit costs by 8% in 2022. The total 28 B 737 MAX 8 aircraft will replace 23 B 737-800 NGs by the end of 2022. The company currently operates 12 737 MAX aircraft, having returned 18 B737 NGs in the past 18 months. As a result of the new agreements, GOL will now end 2021 with 28 737 MAX aircraft (22% of the total fleet), and by the year-end 2022 will have received delivery of 44 737 MAX aircraft (32% of the total fleet). With its current 737 MAX commitments, GOL will meet its objective of having a 75% MAX fleet by 2030.
CRBU

Hot Stocks

18:33 EDT Farallon Capital reports 5.9% passive stake in Caribou Biosciences - Farallon Capital disclosed a 5.9% stake in Caribou Biosciences, which represents over 3.35M shares. The filing does not allow for activism. Shares of Caribou Biosciences are up 2.6% after-hours at $17.65.
LMRK

Hot Stocks

18:24 EDT Melody submits proposal to purchase all assets from Landmark Infrastructure - Melody Investment Advisors announced that it has submitted a proposal to purchase 100% of the assets currently owned by Landmark Infrastructure Partners through one or a series of transactions that would result in holders of Landmark's common units receiving $16.25 per Landmark common unit in cash. Melody's proposal represents a 25% premium to the $13.00 per Landmark common unit proposed by insider Digital Colony Acquisition and a 20% premium to the $13.50 per Landmark common unit proposal made by Verde Investments as set forth in its letter of July 16. Melody's proposal both is financially superior and provides equal or greater transaction certainty than the Colony and Verde proposals given Melody's ample committed and available capital and ability to quickly close the transaction. Melody requested that representatives of the Company's Conflicts Committee promptly enter into discussions concerning the proposal.
NEXT

Hot Stocks

18:22 EDT NextDecade comments on U.S. Court of Appeals order - The company states: "Today, the U.S. Court of Appeals for the D.C. Circuit issued an order and a separate opinion related to the Federal Energy Regulatory Commission's, or FERC, authorization of NextDecade's Rio Grande LNG export project. In the order and separate opinion, the Court rejected all but two of the claims put forward by RGLNG's opponents. The Court asked FERC to further explain two technical items related to climate change and environmental justice. In its conclusion, the Court expressly stated that it is "reasonably likely" that on remand FERC can address the two identified deficiencies "while reaching the same result." NextDecade CEO Matt Schatzman states: "We are pleased the Court affirmed the validity of the FERC authorization of our Rio Grande LNG project and we look forward to the FERC's response to the Court's requests. Efforts to reduce global greenhouse gas emissions are at the very foundation of our company and we have already announced actions to reduce emissions at Rio Grande LNG by more than 90% through use of carbon capture and storage."
IIPR

Hot Stocks

18:07 EDT Innovative Industrial Properties acquires Illinois property for $6.5M - Innovative Industrial Properties announced that it closed on the acquisition of a property in Illinois, and entered into a long-term lease with a subsidiary of 4Front Ventures Corp. The purchase price for the property was $6.5M. 4Front is expected to construct approximately 250,000 square feet of industrial space at the property, for which IIP has agreed to provide reimbursement of up to $43.75M. Assuming full reimbursement for the construction, IIP's total investment in the property is expected to be $50.25M. 4Front intends to operate the property upon completion of construction as a licensed cannabis cultivation and processing facility.
MCHP

Hot Stocks

17:32 EDT Microchip raises quarterly dividend 5.8% to 43.7c per share - The dividend is payable on September 3 to stockholders of record on August 20.
TALO

Hot Stocks

17:30 EDT Talos Energy backs FY21 capex view of $340M-$370M - Backs FY21 total output view of 23.0-24.5 MMBOE/D.
CZR

Hot Stocks

17:28 EDT Caesars says expects to remain in low-to-mid 90% range in terms of occupancy - Says there could be bumps along the way in terms of protocols the company needs to follow. Says leaning the entire organization into Caesars Sportsbook. Says expects to spend over $1B in the next two and a half years to build sportsbook customer base. Says expects to generate 50% or even 100% of that in EBITDA. Says plenty of capital to invest in sportsbook business. Says will have to continue to evolve marketing strategy. Says excited to play this hand and is just getting started since yesterday's launch of the Caesars Sportsbook app. Raises FY21 capital expenditure view to $550M from $500M. Says new mask restrictions are far less onerous. Says has no interest in Chicago. Comments and guidance taken from Q2 earnings conference call.
LMT

Hot Stocks

17:26 EDT Lockheed Martin CFO Kenneth Possenriede to retire, John Mollard named acting CFO - Lockheed Martin announced that CFO Kenneth Possenriede has decided to retire immediately due to personal reasons. John Mollard, vice president and treasurer, has been appointed acting CFO, effective immediately. In his almost four decades at Lockheed Martin, Mollard has held several positions of increasing responsibility within the Finance and Business Operations team, including the past five years as the corporate treasurer.
OMP

Hot Stocks

17:24 EDT Oasis Midstream Partners sees Q4 E&P & Other CapEx $65M-$75M - Sees Q4 Production MBoe/d 74.5-77.5. Oasis expects the acquisition of Williston Basin assets from Diamondback Energy, originally announced May 3, to close late in the Q3. The cash delivered at close will start with the purchase price of $745M and will be adjusted downward for the $74.5M deposit paid in May and free cash flow generated from the assets since the April 1 effective date until closing. Overall operations at both Oasis and the acquired assets are in line with prior expectations. Q3 guidance assumes the acquisition of Williston Basin assets closes on September 30 and Q4 guidance incorporates the acquisition of Williston Basin assets; both quarters are highlighted in the table below.
OMP

Hot Stocks

17:23 EDT Oasis Midstream Partners sees Q3 E&P & Other CapEx $50M-$60M - Sees Q3 Production MBoe/d 49.0-52.0.
LYFT

Hot Stocks

17:22 EDT Lyft says will incrementally increase investments in Q3 if growth stronger - Says this may dampen adjusted EBITDA. Says rideshare revenue per ride to decline on sequential basis in Q3. Says in Q3, the impact of lower prices, along with elevated driver supply investments, will exceed quarterly cost savings of Level 5 sale. Comments taken from Q2 earnings conference call.
EAST

Hot Stocks

17:20 EDT Eastside Distilling announces three-year strategic operating plan - Eastside Distilling announced its 3-year strategic operating plan designed to accelerate growth and optimize value. The plan will build off of the strong platform established over the past year and pivot to more focused strategic priorities going forward. Management is asking shareholders to vote for an increase in authorized common shares from 15M-35M. Using a combination of debt and equity to build liquidity, the 3-year plan will source an estimated 7M of the new shares to build cash from equity and make key capital investments. Plan Highlights: Achieve $69M Year 3 revenue for the consolidated enterprise; Focus Craft C+B on proprietary end-to-end canning; Focus Spirits on four key brands and micro marketing; Utilize high cash flow from Craft C+B to fuel Spirits & EBITDA; Build enterprise value with strong Spirits brands that enjoy expanded distribution; Leverage the new executive management team to drive results.
HYFM

Hot Stocks

17:18 EDT Hydrofarm acquires Greenstar Plant Products for approximately $83M - Hydrofarm Holdings announced that it has signed a definitive agreement and closed on the acquisition of Canadian nutrient company, Greenstar Plant Products manufacturer of the Grotek and Gaia Green brands. These brands join Hydrofarm's lineup of high performance, proprietary branded products in the lighting, climate control, nutrients and growing media categories. Hydrofarm funded the purchase price of approximately $83 million U.S. dollars using a combination of cash and the Company's existing credit facility, and under the terms of the transaction agreement, Greenstar will become a wholly owned indirect subsidiary of Hydrofarm Holdings Group. Greenstar is the latest in a succession of plant nutrient manufacturers to be acquired by Hydrofarm in 2021. Last month, Hydrofarm acquired Oregon-based organic hydroponic products manufacturer and supplier Aurora Innovations, Inc., Aurora International, Inc. in Canada, and Gotham Properties.The acquisition continues Hydrofarm's strategic efforts to acquire manufacturers of branded products in key CEA product categories, including the aforementioned Aurora, as well as nutrient brands HEAVY 16, House & Garden and Mad Farmer. "With a long relationship that has grown organically over the years, the addition of Greenstar to the Hydrofarm family feels like a natural next step in our efforts to broaden our company's footprint and strengthen our product portfolio," said Bill Toler, Chairman and Chief Executive Officer of Hydrofarm.
VLRS

Hot Stocks

17:16 EDT Volaris reports July traffic up 128.1%, capacity up 86.3% - Load factor was up 16.4 p.p. Passengers were up 132.5%.
INSE

Hot Stocks

17:14 EDT DG Capital reports 6.55% passive stake in Inspired Entertainment - DG Capital disclosed a 6.55% stake in Inspired Entertainment, which represents over 1.52M shares. The filing does not allow for activism. Shares of Inspired Entertainment are up 1.5% after-hours at $11.91.
ATH LMT

Hot Stocks

17:14 EDT Athene Holding announces $4.9B pension risk transfer with Lockheed Martin - Athene Holding (ATH) announced the close of a significant pension risk transfer transaction with Lockheed Martin (LMT). Under the terms of the transaction, Lockheed Martin transferred $4.9B in pension obligations to Athene. Athene's wholly-owned subsidiaries, Athene Annuity and Life Company and Athene Annuity & Life Assurance Company of New York, have agreed to provide annuity benefits for approximately 18,000 participants of Lockheed Martin's pension plan who are currently receiving benefits. Under the agreement, AAIA and AANY have each committed to issuing a group annuity contract to Lockheed Martin and individual annuity certificates to applicable participants.
REZI

Hot Stocks

17:11 EDT Resideo enters binding agreement in principle to settle class action litigation - Resideo Technologies announced that it has entered into a binding agreement in principle to settle the pending securities class action litigation arising from allegations with respect to statements and disclosures made in 2019. The proposed settlement calls for a payment of $55M in resolution of claims asserted against Resideo and all other defendants. Approximately $39M is expected to be funded with proceeds from available insurance. Resideo recorded a $16M expense in its second quarter 2021 financial results to account for the portion of the settlement it expects to fund. Including the impact of the settlement, Resideo's GAAP operating profit is expected to be $121M for the second quarter 2021. Resideo will release full second quarter 2021 financial results after the market close on Thursday, August 5. The settlement remains subject to final documentation, approval by the court and is subject to the satisfaction of customary conditions to effectiveness. A final non-appealable closure of the litigation is expected towards the end of 2021.
BCO OTIS

Hot Stocks

17:11 EDT Brink's announces Mark Eubanks as COO - Brink's (BCO) announced that, effective September 7, Mark Eubanks will join the company as executive vice president and COO, with oversight responsibilities for the company's four regional operating segments. Eubanks, most recently served as president, Europe, Middle East and Africa for Otis Worldwide (OTIS) and was based in Paris, France. The hiring of Eubanks is part of the company's CEO succession plan. The company's board of directors intends to appoint a new CEO in the first half of 2022, at which time CEO Doug Pertz is expected to be named executive chairman of the board. In this role, Pertz, who has served as president and CEO since July of 2016, will continue to play an executive management role at Brink's, leading strategy development and supporting execution.
HTA

Hot Stocks

17:10 EDT Healthcare Trust CEO Scott Peters resigns, Peter Foss named interim CEO - Healthcare Trust of America announced that its Board of Directors has named one of its independent directors, Peter Foss, as Interim President and CEO, effective August 2. Scott Peters resigned effective August 2, as a director, Chairman of the Board, President and CEO of the company. Effective August 2, the Lead Independent Director of the Board, W. Bradley Blair, II, was elected to be Chairman of the Board. Foss has stepped down as a member of the Audit, Compensation and Nominating and Corporate Governance Committees of the Board, but has remained a member of the Board's Investment Committee. Warren D. Fix, an independent director currently serving on the Board, has replaced Foss as Chairman of the Board's Compensation Committee.
AMSC

Hot Stocks

17:08 EDT AMSC announces $21M in new energy power systems orders - AMSC announced $21M of new energy power systems orders. This includes orders for reactive compensation, enclosed capacitor banks, harmonic filters, voltage controllers, as well as rectifiers and transformers from the company's recent acquisition of Neeltran.
ORCC

Hot Stocks

17:08 EDT Owl Rock names Jonathan Lamm as CFO, COO - Owl Rock Capital announced that it has appointed Jonathan Lamm as its CFO and COO, effective September 1. Lamm most recently served as CFO and Treasurer of Goldman Sachs BDC.
CVGI

Hot Stocks

17:06 EDT Commercial Vehicle Group sees favorable demand across key markets - "The demand outlook for the Company's key markets are favorable. According to a July 2021 report by ACT Research, a publisher of industry market research, 2020 North American Class 8 truck build production was 214,250 units and Class 5-7 production was 223,721 units. 2021 North American Class 8 truck production levels are expected to be at 314,000 units and Class 5-7 production are expected to be at 250,000 units. This outlook supports demand for the Company's vehicle products. The demand outlook for the Company's entrance into the electric vehicle market is favorable. Many global electric vehicle platforms are underway across the spectrum of vehicle types. Adoption rates are forecast to increase and supports continuance of the Company's efforts aimed at partnering with Electric Vehicle makers to help them develop and produce these vehicles and make use of the Company's full product basket of the following: entire electrical systems for the chassis and powertrain, seating solutions, headliners, interior trim, mirrors, wipers, floor mats, and road sensors. The demand outlook for the Company's warehouse automation products is favorable. According to LogisticsIQ, demand for warehouse automation products is expected to grow approximately 14% annually through 2026. This outlook supports demand for the Company's warehouse automation products," said the company in a statement.
RPAI

Hot Stocks

17:05 EDT Retail Properties of America will no longer provide guidance - In light of the Company's proposed merger with Kite Realty Group previously announced, the Company will no longer provide guidance and it is not affirming past guidance. The Company will no longer hold a webcast conference call to discuss its quarterly results and operating performance.
SDC

Hot Stocks

17:05 EDT SmileDirectClub issues statement following shooting at Tennessee facility - Following a shooting incident this morning at SmileDirectClub's Antioch, Tennesee manufacturing facility in which an active team member entered the facility, shot two security guards and another team member, and was later apprehended by Metro Nashville Police, SmileDirectClub makes the following statement: "SmileDirectClub is shocked and deeply saddened by the tragic incident that took place at our manufacturing facility this morning. We are grateful for the swift actions taken by our Team Members, security personnel and Metro Nashville Police in responding to, and quickly containing, the situation. We would also like to thank our corporate partners, the local community and local legislators for their outpouring of support. As we continue to gather facts and assist police with their investigation, we can confirm that a Team Member was shot and injured when he intercepted the gunman. We are happy to report that this Team Member has been treated and released from a local hospital. Additionally, two security guards contracted through a third-party security company were shot and are currently receiving care at local hospitals. The safety of our Team Members is a top priority for the Company, and we maintain strict security protocols and a no weapons policy atallour facilities. Following today's incident, we are further heightening security at our manufacturing facility so that all of our Team Members can feel safe and secure when returning to work."
ATVI

Hot Stocks

17:04 EDT Activision Blizzard to continue investing in creative teams - Says has "strong" game lineup plans for second half of the year. Says pipeline progressing "well."
LYFT

Hot Stocks

16:58 EDT Lyft reports Q2 Active Riders up 97.3% from last year at 17.1M - Reports Q2 Revenue per Active Rider $44.63, up 14.3% from last year.
HTA

Hot Stocks

16:58 EDT Healthcare Trust raises quarterly dividend 1.56% to 32.5c per share - The dividend will be paid on October 11 to stockholders of record on October 4.
APO LUMN

Hot Stocks

16:58 EDT Apollo Funds to acquire U.S. assets from Lumen Technologies - Apollo Global Management (APO) and Lumen Technologies (LUMN) announced that funds managed by affiliates of Apollo have entered into a definitive agreement to acquire Lumen's ILEC assets and all associated operations across 20 states for $7.5B. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in 2022.
STN

Hot Stocks

16:58 EDT Stantec signs letter of intent to acquire Paleo Solutions, terms undisclosed - Stantec has signed a letter of intent to acquire Paleo Solutions, a full-service natural resources and cultural resources management consulting firm. Paleo Solutions provides paleontological and archaeological services for the rail, transportation, water, and power and energy sectors across the western United States. The financial terms of the transaction were not disclosed. Founded in 2004, Paleo Solutions' 65+ person team includes
MCFE

Hot Stocks

16:54 EDT McAfee declares special dividend of $4.50 per share - The dividend is payable on or about August 27, 2021 to shareholders of record at 5:00 p.m. Eastern standard time on August 13, 2021. The ex-dividend date will be August 16, 2021, the first business day after the record date.
ETH

Hot Stocks

16:54 EDT Ethan Allen declares 75c per share special cash dividend - Ethan Allen Interiors announced that its board has declared a 75c per share special cash dividend to shareholders of record on August 17, payable on August 31. The board also declared a regular quarterly cash dividend of 25c per share, payable on August 31 to shareholders of record at the close of business on August 17.
AKAM

Hot Stocks

16:50 EDT Akamai sees Q3 operating expenses $257M-$262M - Sees Q3 operating margin 31%. Sees Q3 capital expenditures $135M-$140M.
ATVI

Hot Stocks

16:49 EDT Activision Blizzard says 'Candy Crush' poised for continuing growth - Says "Diablo Immortal" receiving "excellent" feedback for its gameplay ahead of release. Says "Diablo Immortal" set for launch in 1H22. Says King team continues to execute "extremely well." Says overall
ATVI

Hot Stocks

16:48 EDT Activision Blizzard reports 408M total MAUs in Q2
ATVI

Hot Stocks

16:46 EDT Activision Blizzard 'couldn't be more excited' about Blizzard leadership changes - Says strength of "World of Warcraft Classic" drove more "WoW" engagement overall. Says will remove "inappropriate" in-game content.
ICFI

Hot Stocks

16:45 EDT ICF International reports Q2 total backlog $3.0B - Funded backlog was $1.5B, or approximately 50% of the total backlog. The total value of contracts awarded in the Q2 was $398M, up 41% year-on-year for a quarterly book-to-bill ratio of 1.01. Trailing-twelve-month contract awards totaled $2.32B for a book-to-bill ratio of 1.48.
ATVI

Hot Stocks

16:44 EDT Activision Blizzard 'hard at work' on next premium 'Call of Duty' title - Sees new "COD" being "incredibly well-received." Says focused at continuing to integrate "Call of Duty: Warzone." Says "Call of Duty Mobile" net bookings bolstered by recent release in China. Says "COD Mobile" on pace for $1B in consumer spending for the year. Says "aggressively" adding resources for mobile projects.
FGF

Hot Stocks

16:41 EDT FG Financial names Hassan Baqar CFO - FG Financial Group announced that John S. Hill, Chief Financial Officer of FG Financial Group since the founding of the Company, has decided to retire effective August 6. Mr. Hill will be succeeded by Hassan R. Baqar who will become CFO of FG Financial Group effective August 6. The Company also announced that Brian Bottjer has been appointed Chief Accounting Officer. Larry Swets, the Company's Chief Executive Officer, commented, "First and foremost, I would like to congratulate John Hill and thank him for his numerous contributions to FG Financial Group during his tenure as Chief Financial Officer. John was with us at our founding and during his tenure he has played an important role in a number of the company's strategic and financial business initiatives. We wish him a happy and well-deserved retirement."
KWR

Hot Stocks

16:41 EDT Quaker Houghton raises quarterly dividend 5.1% to 41.5c per share - The quarterly dividend is payable on October 29 to shareholders of record at the close of business on October 15.
ATVI

Hot Stocks

16:39 EDT Activision Blizzard says harassers 'will be held accountable for their actions' - Says will not permit harassment or mistreatment. Says Activision Blizzard will set the standard for the rest of the industry. Says "people will be held accountable for their actions." Says will terminate any manager or leader if they get in the way of internal investigation. Says will consider diverse slate of candidates for all open positions. Comments taken from Q2 earnings conference call.
RNG

Hot Stocks

16:38 EDT RingCentral reports subscription revenue up 37%, ARR up 37% - The company's subscriptions revenue increased 37% year over year to $351M and Total Annualized Exit Monthly Recurring Subscriptions (ARR) increased 37% year over year to $1.5B.
LUMN

Hot Stocks

16:38 EDT Lumen authorizes repurchase of up to an aggregate of $1B of common stock - Effective immediately, the board of directors has authorized a 24-month program to repurchase up to an aggregate of $1B of its outstanding common stock in the open market or in privately negotiated transactions.
INVE

Hot Stocks

16:38 EDT Identiv CFO Sandra Wallach to step down - Identiv also announced that CFO Sandra Wallach will step down from her current position. With support from the board and other members of the management team, Identiv has initiated a search process with an executive search firm for a new CFO. An interim CFO is expected to be announced in the coming days and operate in that capacity until a new CFO has been appointed.
NOG

Hot Stocks

16:38 EDT Northern Oil and Gas raises quarterly dividend 50% to 4.5c per share - Northern Oil and Gas announced that its Board of Directors has declared a cash dividend on the Company's common stock in the amount of $0.045 per share, representing a 50% increase from the prior quarterly dividend. The dividend is payable on October 29, 2021, to stockholders of record as of the close of business on September 30, 2021.
NTB

Hot Stocks

16:37 EDT N.T. Butterfield reaches resolution with DOJ - The Bank of N.T. Butterfield & Son Limited announced that it has reached a resolution with the United States Department of Justice concerning the inquiry into Butterfield's legacy business with US clients reported in November 2013. The resolution is in the form of a non-prosecution agreement with a three-year term. The financial payments totaling $5.6 million in respect of Forfeiture and Tax Restitution Amounts are in line with the existing provision included in Butterfield's financial statements as recorded in 2015 and 2016. Michael Collins, Chairman and Chief Executive Officer of Butterfield, said, "We are pleased to resolve this matter which dates back to late 2013. Since that time, we have enhanced our compliance controls for business with US clients and the total payment has been provisioned. Moving forward, we remain focused on delivering for our clients and our stakeholders."
ZY

Hot Stocks

16:36 EDT Zymergen sinks 63%, or $21.83, to $13 after business update
LYFT

Hot Stocks

16:36 EDT Lyft jumps over 6% after company achieved first adjusted EBITDA profit - Shares of Lyft are up 6.5% after-hours at $65.96 per share after the company achieved its first quarterly adjusted EBITDA profitability ahead of schedule.
LUMN APO

Hot Stocks

16:35 EDT Lumen to sell incumbent carrier operations to Apollo Funds for $7.5B - Lumen Technologies (LUMN) announced it has entered into a definitive agreement to sell its incumbent local exchange carrier business, including its consumer, small business, wholesale and mostly copper-served enterprise customers and assets, in 20 states to funds managed by affiliates of Apollo Global Management, Inc. (APO) for $7.5B, including debt assumption of approximately $1.4B, and subject to working capital and various other purchase price adjustments. Under the terms of the transaction, Lumen will retain its ILEC assets in 16 states, as well as its national fiber routes and CLEC networks. "This transaction is an important step in our continued efforts to transform Lumen and drive future growth for our company," said Jeff Storey, Lumen president and CEO. "We are pleased with the attractive valuation we received for these assets, which highlights the overall value of Lumen's extensive asset portfolio. Apollo Funds will receive a great business with a strong customer base, dedicated employees, and a platform for future growth." The transaction is expected to be roughly leverage neutral, with an expected close in the second half of 2022, subject to customary closing conditions including required regulatory approvals.
H

Hot Stocks

16:35 EDT Hyatt sees FY21 CapEx roughly $110M - The Company is providing the following guidance for the 2021 fiscal year: Adjusted selling, general, and administrative expenses are expected to be approximately $240 million. Refer to the table on page 13 of the schedules for a reconciliation of selling, general, and administrative expenses to Adjusted selling, general, and administrative expenses. Capital expenditures are expected to be approximately $110 million. The Company expects net rooms growth to be greater than 6.0%.
ZY

Hot Stocks

16:35 EDT Zymergen trading resumes
HST

Hot Stocks

16:35 EDT Host Hotels not providing guidance due to Covid uncertainty - The company said, "Given the global economic uncertainty COVID-19 has created for the travel, airline, lodging and tourism and event industries, among others, the Company cannot provide guidance for its operations or fully estimate the effect of COVID-19 or its variants and the current U.S. vaccination deployment on its operations. The Company believes that recovery within the lodging industry will be driven by the strength of the economy, increased consumer confidence that the risks associated with travelling and contracting COVID-19 have been significantly reduced through vaccine deployment and the return of business and group customers."
LUMN APO

Hot Stocks

16:34 EDT Lumen to sell incumbent carrier operations to Apollo Funds for $7.5B
ZY

Hot Stocks

16:31 EDT Zymergen trading to resume at 4:35 pm ET - Zymergen trading is scheduled to resume at 4:35 pm ET, with quotation set to resume at 4:30 pm ET, according to Nasdaq.
RGA

Hot Stocks

16:30 EDT Reinsurance Group board increases quarterly dividend 4% to 73c - Effective August 3, 2021, the board of directors increased the quarterly dividend 4%, to 73c from 70c, payable August 31, 2021, to shareholders of record as of August 17, 2021.
BSY

Hot Stocks

16:29 EDT Bentley Systems' Seequent acquires Imago, terms not disclosed - Bentley Systems announced that its Seequent business unit has acquired Imago Inc, a developer of cloud-based software for the capture and management of geoscientific imagery. The acquisition will expand Seequent's technology solutions portfolio while boosting cloud capabilities to help geoscientists and engineers solve earth, environment, and energy challenges. Graham Grant, chief executive officer of Seequent, said, "It's an exciting step to welcome the Imago team on board to help advance Seequent's progression into the cloud. We're continually exploring ways to provide new technologies and solutions to solve workflow challenges, improve operational efficiency, and deliver greater value for our users who are working to solve some of the world's major civil, environmental, and energy challenges. This acquisition demonstrates Seequent's continued growth and our commitment to make a positive contribution to the industries we serve globally."
ZY

Hot Stocks

16:28 EDT Zymergen developing plan to align expenses with revenue expectations - The company said, "In connection with today's business update, Zymergen is developing a plan to reduce and align expenses with the change in the Company's revenue expectations."
BRY

Hot Stocks

16:26 EDT Berry Petroleum increases quarterly dividend to 6c per share - The company's board declared a regular dividend forQ3 at a rate of 6c per share on the company's outstanding common stock, payable on October 15 to shareholders of record at the close of business on September 15.
ZY ILMN

Hot Stocks

16:25 EDT Zymergen appoints Jay Flatley acting CEO, Josh Hoffman stepping down - Zymergen announced that Jay Flatley has been appointed acting Chief Executive Officer, effective immediately. Flatley's appointment follows the mutual decision by Zymergen and Josh Hoffman that Hoffman will step down as CEO and as a member of the board, effective immediately. The company's board will commence a search process to identify a permanent CEO. Sandi Peterson will serve as Zymergen's Lead Independent Director while Flatley serves as acting CEO. Flatley served as CEO of Illumina (ILMN) for 17 years, and as its Executive Chair, and later Chairman of the Board, until 2021.
MRCY

Hot Stocks

16:24 EDT Mercury Systems COO Didier Thibaud to retire - Didier Thibaud, Mercury's executive VP and COO, is retiring after 26 years at Mercury. Thibaud will remain EVP and COO of Mercury until August 26 at which point he will serve as a strategic advisor to CEO Mark Aslett, while also working closely with leadership for a transition.
ZY

Hot Stocks

16:24 EDT Zymergen sees smaller near-term market for foldable display applications - Zymergen said, "The Company is also evaluating emerging data on the total addressable market for foldable display applications, which indicate a smaller near-term market opportunity that is growing less rapidly than anticipated, as well as its impact on Zymergen's sales forecast. The Company will conduct a full re-examination of Zymergen's target markets confirming our past views or altering them if the data indicate a shift in market focus is appropriate."
NDLS

Hot Stocks

16:22 EDT Noodles & Company sees adding 10-15 new restaurants system-wide in 2021 - Boennighausen concluded, "Our performance during 2020, and over the past several months, gives me confidence that we are well positioned to navigate any market environment given the strength of our menu, our off-premise capabilities and our digital platform. Given that market challenges and uncertainties remain, particularly on the potential impact of the Delta COVID variant, we are not providing full financial guidance for fiscal 2021." The Company is, however, providing the following expectations for 2021: 10 to 15 new restaurants system-wide in 2021, including eight to eleven company-owned locations; and Capital expenditures of $20 million to $24 million in 2021.
FNF

Hot Stocks

16:20 EDT Fidelity National announces new three-year 25M share repurchase program - Fidelity National announced that its Board of Directors has approved a new three-year stock repurchase program, effective August 3, under which the company may repurchase up to 25M shares of FNF common stock. Purchases may be made from time to time by the company in the open market at prevailing market prices or in privately negotiated transactions through July 31, 2024. Under its previous three-year repurchase program, which expired on July 31, the company repurchased a total of 17.4M shares of common stock.
FNF

Hot Stocks

16:19 EDT Fidelity National raises quarterly dividend 11% to 40c from 36c per share - The dividend will be payable September 30 to stockholders of record as of September 16.
RM

Hot Stocks

16:17 EDT Regional Management sees FY21 net income $75M-$80M - In light of the unique circumstances presented by the COVID-19 pandemic and credit loss provisioning under the new CECL accounting standard, the company is initiating a full year 2021 outlook for net income. For the full year 2021, the company expects net income to be between $75 million and $80 million.
RM

Hot Stocks

16:17 EDT Regional Management raises stock buyback by $20M - In addition, the company's Board of Directors has approved a $20 million increase in the amount authorized under the stock repurchase program announced in May 2021, from $30 million to $50 million.
NBIX

Hot Stocks

16:14 EDT Neurocrine reaffirms FY21 Non-GAAP R&D and SG&A expenses view $720M-$770M - Combined GAAP R&D and SG&A expenses $855M-$905M. GAAP-only guidance includes approximately $130M of share-based compensation and $5M of In-Process Research and Development. GAAP-only guidance does not include any potential milestones or IPR&D costs associated with current collaborations or future business development activities.
HLF

Hot Stocks

16:13 EDT Herbalife Nutrition initiates FY21 adjusted EBITDA view of $875M-$935M
DVA

Hot Stocks

16:09 EDT DaVita raises FY21 free cash flow view to $1B-$1.2B from $900M-$1.15B
GDOT

Hot Stocks

16:09 EDT Green Dot: Q2 showed 'strength and momentum' - "Our second quarter showed strength and momentum, and reinforced our confidence in our business operations and strategy," said Dan Henry, CEO of Green Dot. "We believe we are becoming a leaner, stronger, more growth-minded company as we capitalize on our competitive differentiators, and continue delivering exceptional banking and payment experiences to our customers and partners."
CRIS

Hot Stocks

16:08 EDT Curis reports Q2 EPS (12c), consensus (11c) - Reports Q2 revenue $2.3M, consensus $2.48M. "In the Q2 we continued executing on planned milestones across our pipeline of next generation targeted cancer therapies designed to meaningfully improve and extend patients' lives. We drove important progress with our first-in-class, small molecule IRAK4 inhibitor CA-4948, expanding our clinical trials into nine distinct patient populations across AML/MDS and B cell cancers. In June, we presented updated data from our Phase 1/2 relapsed/refractory AML/MDS study at EHA, which showcased continued improvements in clinical activity and robust tolerability in extremely fragile patients," said James Dentzer, President and CEO.
ATVI

Hot Stocks

16:08 EDT Activision Blizzard 'carefully monitoring' business after California suit - "In July 2021, the State of California filed a complaint against the Company alleging violations of the California Fair Employment and Housing Act and the California Equal Pay Act," the company said. "The complaint was recently filed, and we are taking actions to address the concerns of employees and other key stakeholders and the adverse consequences to our business. If we experience prolonged periods of adverse publicity, significantly reduced productivity or other negative consequences relating to this matter, our business likely would be adversely impacted. We are carefully monitoring all aspects of our business for any such impacts."
KTOS

Hot Stocks

16:07 EDT Kratos reaffirms prior FY21 revenue, adjusted EBITDA guidance
TBPH

Hot Stocks

16:07 EDT Theravance sees FY21 R&D expense $195M-$225M and SG&A expense $80M-$90M
CZR

Hot Stocks

16:03 EDT Caesars paid down $325M of debt during Q2, says CFO Bret Yunker - "We anticipate that our balance sheet will be further enhanced through improved operating trends and expected asset sale proceeds. We paid down $325M of debt during the quarter and remain committed to further debt reduction," said Bret Yunker, CFO.
BWMN

Hot Stocks

16:03 EDT Bowman Consulting acquires assets of McFarland-Dyer & Associates - Bowman Consulting Group announced the acquisition of the assets of McFarland-Dyer & Associates headquartered in the greater Atlanta area. Founded in 1995, McFarland-Dyer & Associates delivers civil engineering, land planning, land surveying, and landscape architecture services to public and private sector clients throughout the Southeast. The acquisition, which was financed with a combination of cash, seller financing and stock, is initially expected to add a base of approximately $4 million of annualized net service billing to Bowman and be immediately accretive. The Company will discuss the economics and financial impact of the transaction in more detail during its investor webcast on August 12, 2021, at 9:00 a.m. ET.
ZY

Hot Stocks

16:00 EDT Zymergen trading halted, news pending
AFRM

Hot Stocks

15:38 EDT Affirm up 4% after Bloomberg says working with Apple on 'BNPL' program in Canada - Shares of Affirm (AFRM) are up $2.61, or 4%, to $67.32 after Bloomberg's Mark Gurman reported that the company's PayBright plans to work with Apple (AAPL) to debut a "buy now, pay later" program for Apple device purchases in Canada this month.
AFRM

Hot Stocks

15:35 EDT Affirm Holdings trading resumes
AFRM

Hot Stocks

15:30 EDT Affirm Holdings trading halted, volatility trading pause
KODK

Hot Stocks

14:41 EDT Kodak announces launch of new technology with end-to-end workflow solution - In a YouTube video, Eastman Kodak introduced "Modern Litho's journey to end-to-end workflow with Kodak," as Modern Litho began implementation of "the world's first fully integrated end-to-end print workflow solution with KODAK PRINERGY on Demand Business Solutions." "Modern Litho will be in production with Business Solutions beginning October 2021," Kodak added. Reference Link
RVP

Hot Stocks

14:23 EDT Retractable Technologies enters into modification of February 2021 DHHS contract - According to a regulatory filing, effective July 28, 2021, Retractable Technologies entered into a modification to the February 2021 contract with the U.S. Department of Health and Human Services, Office of the Assistant Secretary for Preparedness & Response. The modification represents a binding commitment by DHHS/ASPR to exercise options under the contract corresponding to delivery of VanishPoint low dead space safety syringes through December 31, 2021. The company has previously disclosed DHHS/ASPR's nonbinding written intent to exercise such options. Timing changes and an increase in agreed freight reimbursement result in a slight increase in the overall expected revenue under the contract during the exercised option periods. Including freight reimbursement, the overall value of the modification is $50,684,375.
ZIP FB

Hot Stocks

13:33 EDT ZipRecruiter announces job seeker partnership with Facebook - "Job seekers who receive credentials through Facebook Blueprint-Facebook's platform offering online learning courses, training programs, and certifications related to digital marketing-can take advantage of a new ZipRecruiter-powered website to find their next great opportunity," ZipRecruiter (ZIP) announced in a press release. "The job market has shifted tremendously over the past year. In the wake of the pandemic, Americans are turning from community colleges and universities towards more affordable online training programs, and employers are moving from degree-based hiring to a focus on skills and competencies. ZipRecruiter is excited to team up with Facebook to expand career opportunities for more Americans and create streamlined pathways into attractive new-collar jobs," says ZipRecruiter CEO and co-founder Ian Siegel.
VCYT

Hot Stocks

13:06 EDT Veracyte completes acquisition of HalioDx - Veracyte announced earlier today that the company has completed its acquisition of HalioDx "to solidify its reach into global markets while expanding its scientific capabilities and diagnostics scope into 8 of the 10 top cancers as defined by U.S. incidence." Under the terms of the transaction, Veracyte acquired HalioDx for EUR 260M, consisting of approximately EUR 147M in cash and EUR 113M in stock. HalioDx has become a wholly-owned subsidiary of Veracyte. "This important acquisition is the culminating piece in a series of strategic initiatives and acquisitions that we believe will enable Veracyte to achieve our vision of improving outcomes for patients worldwide at every step of their journey. HalioDx's European manufacturing infrastructure and operations, along with the company's immuno-oncology capabilities and best-in-class diagnostic products, have the potential to fuel our growth in cancer diagnostics. We look forward to welcoming the talented HalioDx team to the Veracyte family and working together to build a leading global diagnostics company," said Marc Stapley, Veracyte's CEO.
NTEC

Hot Stocks

12:47 EDT Intec Pharma announces expected closing date of Decoy merger - Intec Parent announced that the pending and previously announced reverse merger with Decoy Biosystems, Inc. is currently expected to close after market hours today, Tuesday, August 3, 2021, subject to satisfaction or waiver of all closing conditions. Immediately following the closing, the combined company will be renamed "Indaptus Therapeutics, Inc.", and is expected to begin trading on The Nasdaq Capital Market under the new ticker symbol "INDP" upon the commencement of trading on Wednesday, August 4, 2021.
DNN

Hot Stocks

12:42 EDT Denison Mines completes deal to buy 50% interest in JCU Exploration - Denison Mines announced the completion of its acquisition of 50% ownership of JCU Exploration Company from UEX Corporation for cash consideration of $20.5M. Denison's acquisition of a 50% interest in JCU occurred immediately following UEX's acquisition of all the outstanding shares of JCU from Overseas Uranium Resources Development for cash consideration of $41M. Pursuant to Denison's agreement with UEX, Denison provided UEX with an interest-free 90-day term loan of $40.95M to facilitate UEX's purchase of JCU from OURD.
APDN

Hot Stocks

12:26 EDT Applied DNA Sciences unit awarded CUNY Covid-19 testing contract - Applied DNA Sciences announced that its wholly-owned subsidiary, Applied DNA Clinical Labs, LLC, was awarded a competitively-bid COVID-19 testing contract by the City University of New York Board of Trustees to facilitate the University's reopening in the fall. The Contract term is 12 months, has a maximum value not to exceed $35M, and contains no minimum weekly testing commitment. The Contract specifies ADCL's deployment of safeCircle, its high-throughput, pooled COVID-19 testing program, to provide weekly asymptomatic diagnostic COVID-19 screening of on-campus unvaccinated students, staff, and faculty, and a random sampling of vaccinated individuals across the CUNY school system. Testing under the Contract will commence in early August 2021, and all sample collection sites will be fully operational before the start of the academic year on August 25. "This award reflects execution on our strategy to position safeCircle's COVID-19 testing offerings in front of high-frequency, high-volume testing opportunities in the marketplace, including those funded by Federal and State monies released since the start of the pandemic that are earmarked to fund States' reopening strategies. Having spent the last calendar year putting into place the constituent components for a high-throughput clinical laboratory for COVID-19 testing, this award is a significant milestone for the Company's Diagnostics business," stated Dr. James A. Hayward, president and CEO of Applied DNA.
GH

Hot Stocks

12:07 EDT TwinStrand Biosciences files patent infringement suit against Guardant Health - TwinStrand Biosciences announced that it filed a patent infringement lawsuit against Guardant Health. TwinStrand and its exclusive licensor, the University of Washington, filed the lawsuit in the United States District Court in Delaware. The complaint alleges that Guardant Health infringes multiple patents covering TwinStrand's proprietary Duplex Sequencing methods for generating highly accurate DNA sequence data. The methods described and claimed in TwinStrand's patents enable clinically-actionable sequence data to be generated by analyzing fragments of DNA in blood samples or other tissues. The technology was invented by TwinStrand's CEO, Jesse Salk, M.D., Ph.D., and his colleagues at the University of Washington, and is exclusively licensed to TwinStrand. TwinStrand is seeking remedies including a permanent injunction against Guardant Health's use and sale of Guardant's infringing products and services, as well as compensatory and enhanced damages for past infringement.
KO

Hot Stocks

12:03 EDT Refresco to acquire three production facilities in U.S. from Coca-Cola - Refresco, which identifies itself as "the world's largest independent bottler for retailers and A-brands in Europe and North America," announces it has entered into an agreement with The Coca-Cola Company to acquire three of its production locations in the United States. This transaction is subject to regulatory approval. The prospective transaction includes three production facilities in Truesdale, Missouri, Waco, Texas, and Paw Paw, Michigan, and involves long-term agreements for contract manufacturing activities. Refresco will become one of Coca-Cola's strategic third-party contract manufacturers in the United States. Refresco will finance the transaction from its existing cash position. The financial terms of the transaction are not disclosed.
XSPA

Hot Stocks

12:02 EDT XpresSpa CEO to break 'exciting news' this afternoon on Fox Business - XpresCheck said via Twitter that CEO Doug Satzman will on Fox Business with the Claman Countdown this afternoon, "with exciting news from XpresCheck and the future of travel health & wellness." Reference Link
LDI

Hot Stocks

12:01 EDT LoanDepot falls -15.7% - LoanDepot is down -15.7%, or -$1.66 to $8.93.
YOU

Hot Stocks

12:01 EDT Clear Secure falls -16.0% - Clear Secure is down -16.0%, or -$9.96 to $52.14.
BHG

Hot Stocks

12:01 EDT Bright Health falls -24.9% - Bright Health is down -24.9%, or -$2.72 to $8.20.
ATIP

Hot Stocks

12:00 EDT ATI Physical Therapy rises 13.1% - ATI Physical Therapy is up 13.1%, or 49c to $4.24.
UTI

Hot Stocks

12:00 EDT Universal Technical rises 13.8% - Universal Technical is up 13.8%, or 84c to $6.93.
VSCO

Hot Stocks

12:00 EDT Victoria????????????s Secret rises 24.8% - Victoria????????????s Secret is up 24.8%, or $11.39 to $57.38.
SHAK...

Hot Stocks

11:51 EDT NYC Mayor Bill de Blasio to mandate COVID vaccine for certain indoor activities - At a press conference Tuesday morning, New York City Mayor Bill de Blasio mandate vaccinations for a range of indoor venues, requiring proof of COVID vaccine from employees and customers of gyms, entertainment centers and indoor eateries. The mandate, known as the "Key to NYC Pass," will go into effect August 16, with enforcement beginning September 13. Discussing mandates for vaccination or COVID-19 testing, the mayor also thanked "leaders of the private sector," such as Danny Meyer, founder of Shake Shack (SHAK), Equinox and Peloton's (PTON) competitor SoulCycle. Other publicly traded companies that may be impacted by this mandate include Planet Fitness (PLNT), Yum! Brands (YUM), Darden Restaurants (DRI), Chipotle (CMG), Restaurant Brands (QSR), Brinker (EAT), McDonald's (MCD), Wendy's (WEN), Starbucks (SBUX), and Live Nation (LYV). Reference Link
VYGVF

Hot Stocks

11:39 EDT Voyager Digital acquires crypto payment processing company Coinify - Voyager Digital announced yesterday the acquisition of Coinify ApS, cryptocurrency payment platform with a global user base in over 150 countries. The company said, "The acquisition accelerates Voyager's international expansion and Voyager's capabilities into the payment space so that customers will soon be able to make payments directly from their digital asset accounts. The Coinify acquisition also fast-tracks Voyager into the business-to-business payment space." The Coinify acquisition provides Voyager with an established and effective gateway to the crypto payment industry through its virtual currency payment platform available in Europe, Asia, North America, and South America. Coinify's global enterprise services include individual payment processing in 15 major cryptocurrencies and transaction settlement in 20 fiat currencies via their easy-to-integrate Coinify API. The company plans to provide payment options to its customers, many of whom are small to midsize business owners. Crypto payment usage has grown substantially over the last 12 months and Voyager will be able to capitalize on that growth with a broadening line of products and services. Under the terms of the share purchase agreement, the consideration to Coinify shareholders will consist of 5,100,000 of newly issued shares of Voyager Digital Ltd. common stock and $15M in cash. As part of the agreement, the Company will retain $5.5M of cash on the Coinify balance sheet. Voyager will retain substantially all current Coinify employees, entering into employment agreements with key members of the management team. The transaction is expected to be immediately accretive to both revenue and cash flow. Of the 5,100,000 shares, 1,500,000 shares are subject to a lock-up agreement which provides that they may only be sold 30 days after the Closing Date, pursuant to trades that do not in the aggregate exceed 5% of the average daily trading volume, 3,281,250 shares are subject to a lock-up period ending on the earlier of 12 months from the closing date and the date the Company is listed on NASDAQ and 318,750 of the shares will be issued 12 months from the closing date.
HMC

Hot Stocks

11:23 EDT Honda reports July U.S. sales up 8% to 135,542 vehicles - American Honda topped 135,500 in sales despite inventory constraints limiting key models, the company said in a statement. American Honda posted its best-ever July truck sales of 83,727, it added.
T

Hot Stocks

11:04 EDT HBO Max app launches on LG Smart TVs in U.S. - LG Electronics USA and WarnerMedia announced that the HBO Max app is now available on LG Smart TVs in the U.S. "The arrival of HBO Max on LG Smart TVs makes it easier than ever for subscribers to access the popular streaming platform's full portfolio of premium content in one integrated experience and comes on the heels of the launch of HBO Max on LG Smart TVs across select territories in Latin America and the Caribbean in June," WarnerMedia, a part of AT&T, announced.
BA

Hot Stocks

10:41 EDT Boeing confirms today's Starliner Orbital Flight Test-2 launch is scrubbed - Boeing Space said via Twitter: "We're confirming today's #Starliner Orbital Flight Test-2 launch is scrubbed. More details soon." Reference Link
IGT

Hot Stocks

10:38 EDT International Game slips despite raising 2021 outlook - Shares of International Game Technology (IGT) are under pressure on Tuesday morning after the company reported second quarter results. RESULTS: International Game reported second quarter losses from continuing operations of (48c) per share and net income of $1.49 per share, versus the expected 21c and a loss of ($1.31) per share from continuing operations a year ago. The company reported revenue of $1.04B for the quarter, with consensus expectations at $923.1M. This compares to year-ago revenues of $600M. International Game said it expects second half 2021 revenue and operating income from continuing operations of $2B and $300M, respectfully, "meaningfully higher than prior year." CEO CALLS RESULTS "IMPRESSIVE": Marco Sala, CEO of IGT, said: "Impressive second quarter results highlight the vitality of our portfolio. Outstanding Lottery performance, the progressive recovery in land-based Gaming, and strong increase in Digital & Betting activities drove substantial revenue and profit growth, delivering Adjusted EBITDA that is among the highest recorded in a quarterly period. On the strength of the first half performance, we are raising our outlook for the year and now expect to exceed 2019 levels for key financial metrics this year." PRICE ACTION: In Tuesday morning trading, shares of International Game have dropped almost 2% to $18.69.
JBLU

Hot Stocks

10:38 EDT JetBlue to maintain headquarters in NYC, advance terminal project at JFK - JetBlue announced plans to double down on its commitment to New York by maintaining its headquarters in the city and advancing plans to expand its flagship terminal at John F. Kennedy International Airport. These initiatives further strengthen JetBlue's presence in New York, where it has already announced plans to substantially increase flying and bring more low fares and more jobs to JFK, LaGuardia, and Newark as part of its Northeast Alliance with American Airlines. After an in-depth review and competitive bid process, JetBlue announced its intention to keep its headquarters in New York City when its current office lease expires in 2023. JetBlue plans to stay at its current home in the Brewster Building at 27-01 Queens Plaza North in Long Island City, where the company has been based since 2012 and is home to its iconic rooftop sign. JetBlue intends to negotiate and execute a lease over the next few months and then re-design its office space to be responsive to rapidly evolving workplace trends that have accelerated during the pandemic. In addition to its corporate presence, the airline continues to further plans to bring more air service to New Yorkers across the region's three airports. Governor Cuomo announced that the Port Authority of New York and New Jersey will approve plans to develop a wor terminal on the Terminals 6 and 7 sites. The new Terminal 6 project will seamlessly integrate with Terminal 5, It helps secure JetBlue's long-term future at JFK with opportunities for new gates starting in 2025, and offers partner airlines the ability to co-locate with JetBlue to improve connectivity for customers. The $3.9B, 1.2 million square foot terminal is set to replace aging existing facilities, and will be designed to accommodate both wide-body gates and narrow-body gates. JetBlue will also expand its footprint at LaGuardia Airport beyond its current space at the historic Marine Air Terminal and partially move into the airport's recently opened and state-of-the-art Terminal B later this year with plans to move completely in 2022. At Newark, JetBlue will also move, relocating to the new Terminal A in 2022. JetBlue plans to add more than 1,800 jobs at New York City airports thanks to new flights and destinations it is adding as a result of its Northeast Alliance with American Airlines. JetBlue plans to nearly triple its flights at LaGuardia and substantially increase flying at JFK and Newark. With this planned growth, JetBlue will continue to work with New York state to market the airline as New York's Hometown Airline and bring visibility for the high-quality, low-fare air service that it offers at eight airports across the Empire State.
HMC

Hot Stocks

10:28 EDT Honda's U.S. sales increased 8% in July y/y, Bloomberg reports
LVMUY

Hot Stocks

10:13 EDT Bambuser announces signing of master agreement with LVMH - Bambuser announced it has entered into a long-term master agreement with LVMH Moet Hennessy Louis Vuitton, following successful pilot activations. "The agreement will strengthen the companies' partnership following Bambuser's receipt of the LVMH Innovation Award. Bambuser has previously entered into proof-of-concept agreements with two of LVMH's Maisons. Following the successful activations, Bambuser and LVMH have entered into a long-term master agreement that allows all LVMH's Maisons and divisions in all markets to leverage Bambuser's robust platform for shoppable livestreams. The master agreement initially runs for 12 months starting August 2021. The order value cannot be estimated in advance, as each company and business unit shall submit an individual insertion order," the company stated.
TRU

Hot Stocks

10:08 EDT TransUnion enters new long-term agreement with FICO - TransUnion Canada announced that it has entered a new multi-year agreement with FICO to distribute FICO Scores to lenders, adjacencies, and consumers. The new agreement will supplement TransUnion's critical work with financial institutions, lenders, and consumers in the Canadian credit market, and will continue to make the FICO Scores available to the Canadian market for years to come.
DAL...

Hot Stocks

10:07 EDT Delta Air Lines pilots upgrading to AT&T 5G, iPad Pro - Delta Air Lines (DAL) is extending its commitment to next-generation connectivity, together with AT&T (T) Business and Apple (AAPL), the company said in a statement. Delta is upgrading all pilot electronic flight bags - one of a pilot's tools for use in pre-flight management tasks and processes - to the new iPad Pro, powered by Apple's M1 chip and 5G. This comes on the heels of Delta's recent commitment to equipping all of their flight attendants with iPhone 12 and 5G in April this year, it said. Delta will also use the AT&T IoT Global SIM and AT&T Control Center.
SO

Hot Stocks

10:04 EDT Southern Company, Electro-Active, T2M collaborate on clean hydrogen project - A collaborative project between Southern Company Gas, Electro-Active Technologies and T2M Global to advance a technology for production of clean hydrogen from waste has been selected for funding by the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy. The DOE awarded Southern Company research and development $1M for the project to advance next-generation clean hydrogen technologies and support its recently announced Hydrogen Energy EarthShot initiative, which aims to reduce the cost of and accelerate breakthroughs in the clean hydrogen sector. The project seeks to de-risk, develop and demonstrate high-efficiency, low-cost renewable hydrogen generation for use in transportation and distributed energy applications. Its long-term goal is to remove barriers to commercialization of this clean, renewable fuel.
VZIO DISCA

Hot Stocks

10:02 EDT Discovery+ to be available on Vizio SmartCast by September - Discovery (DISCA) and Vizio (VZIO) announced that subscription streaming service discovery+ will be available on Vizio SmartCast by September. "Millions of viewers across America will soon have access to the highly anticipated discovery+ app on their VIZIO Smart TVs," the companies stated.
FDX ACN

Hot Stocks

10:02 EDT FedEx partners with Accenture, River Logic to optimize print production - FedEx Office (FDX) has joined forces with Accenture (ACN) and River Logic to create a digitally-enabled environment intended to enhance its print production and delivery network. The collaboration aims to make it easier for customers to create the professionally printed materials they need while driving efficiencies and cost savings across the FedEx Office network. As part of the project, FedEx Office team members worked with Accenture and River Logic to create a "digital twin" of the company's operations system, which serves as a virtual representation of its vast printing and distribution network. The teams utilized assets including FedEx Office's network of nearly 2,200 retail stores, 18 commercial print facilities and its nationwide transportation fleet to visualize scenarios to deliver even more seamless printing and better delivery across both its small and large customers. The digital twin also allows FedEx Office to optimize its operations to meet current customer demands, in addition to creating more meaningful touchpoints, minimizing the opportunity for error or damage, and driving a better overall experience.
BHG

Hot Stocks

10:00 EDT Bright Health falls -10.1% - Bright Health is down -10.1%, or -$1.10 to $9.82.
CLX

Hot Stocks

10:00 EDT Clorox falls -11.7% - Clorox is down -11.7%, or -$21.21 to $159.99.
OMI

Hot Stocks

10:00 EDT Owens & Minor falls -14.8% - Owens & Minor is down -14.8%, or -$6.95 to $39.95.
UTI

Hot Stocks

10:00 EDT Universal Technical rises 9.4% - Universal Technical is up 9.4%, or 57c to $6.66.
AMAM

Hot Stocks

10:00 EDT Ambrx Biopharma rises 9.4% - Ambrx Biopharma is up 9.4%, or $1.87 to $21.77.
VSCO

Hot Stocks

10:00 EDT Victoria????????????s Secret rises 13.9% - Victoria????????????s Secret is up 13.9%, or $6.41 to $52.40.
EJH

Hot Stocks

09:49 EDT E Home Household Service Holdings Ltd trading resumes
SDC

Hot Stocks

09:48 EDT Two shot at SmileDirectClub manufacturing facility in Tennessee - An active shooter investigation is underway at a SmileDirectClubon manufacturing facility in Tennessee, the Metro Nashville Police Department announced via Twitter. Two employees were shot and are hospitalized and the suspected gunman was shot by police and taken to a hospital, the police said.
LDI

Hot Stocks

09:47 EDT LoanDepot falls -9.3% - LoanDepot is down -9.3%, or -99c to $9.60.
OMI

Hot Stocks

09:47 EDT Owens & Minor falls -9.5% - Owens & Minor is down -9.5%, or -$4.45 to $42.45.
CLX

Hot Stocks

09:47 EDT Clorox falls -10.9% - Clorox is down -10.9%, or -$19.83 to $161.37.
ARGO

Hot Stocks

09:47 EDT Argo Group rises 8.1% - Argo Group is up 8.1%, or $4.19 to $55.61.
RL

Hot Stocks

09:47 EDT Ralph Lauren rises 8.9% - Ralph Lauren is up 8.9%, or $10.51 to $128.50.
ADV

Hot Stocks

09:47 EDT Advantage Solutions announces investment, partnership with Eversight - Advantage Solutionsis investing in and partnering with Eversight. The investment and partnership combine Advantage's store-level execution with Eversight's Offer Innovation Suite to deliver promotions that get executed at scale in the field - improving returns through results-oriented trade spending strategies and tactics. Through the partnership with Advantage Solutions, Eversight's capabilities are now available for use with more than 3,000 consumer packaged goods companies representing over $90B in North American consumer sales. Advantage and Eversight are beginning to roll out their transformational approach with selected retailers and brands, focusing on categories most in need of fresh promotional thinking, with the goal to scale the solution industrywide by the end of 2022.
CSU

Hot Stocks

09:47 EDT Capital Senior Living rises 9.5% - Capital Senior Living is up 9.5%, or $2.40 to $27.56.
OLB

Hot Stocks

09:46 EDT OLB Group forms cryptocurrency mining company - The OLB Group announced the formation of DMint, a wholly-owned subsidiary of OLB that will commence mining cryptocurrency in 2021. The operations plan for DMint to build out data centers and utilize ASIC machines to mine cryptocurrency with underutilized energy in accordance with ESG standards.
F...

Hot Stocks

09:46 EDT Ford, GM, Stellantis reinstate mask mandates in U.S. plants, says UAW - The COVID-19 Joint Task Force, comprised of the UAW, Ford (F), General Motors (GM) and Stellantis (STLA), has determined that personnel will be required to wear masks at all plants, offices and warehouses, regardless of vaccination status, beginning Aug. 4. This is in response to the Center for Disease Control and Prevention's recent change in COVID-19 workplace standards related to the Delta variant. "The Task Force met and, after reviewing the recently changed CDC guidelines and community COVID-19 trends, decided it is best for worker safety to resume wearing masks in all worksites. While we know that masks can be uncomfortable, the spread of the Delta variant and recent data outlining the alarmingly high rate of transmission among those unvaccinated is a serious health threat. We know that the best way to fight this virus is by getting vaccinated. The Task Force is strongly encouraging all members, coworkers and their families to roll up their sleeves so we can move more quickly on once again relaxing mask protocols. The more our members, coworkers and their families are vaccinated, the quicker we can vanquish this deadly pandemic." Reference Link
CMTL

Hot Stocks

09:44 EDT Comtech awarded $2.1M order for full-motion tracking system - Comtech Telecommunications announced, that during its fourth quarter of fiscal year 2021, it was awarded a $2.1M follow-on contract from a commercial space company for several full-motion large aperture antenna tracking systems. The contract was awarded to Comtech's Space & Component Technology division, which specializes in ground station systems and life cycle management, as well as the supply of high reliability microelectronics for use in satellite, launch vehicle and manned space applications.
EJH

Hot Stocks

09:44 EDT E Home Household Service Holdings Ltd trading halted, volatility trading pause
RL

Hot Stocks

09:41 EDT Ralph Lauren sees operating margin for remaining quarters moderating from Q1
NEWT

Hot Stocks

09:39 EDT Newtek Business backs FY21 annual dividend forecast of $3.00-$3.30/share
NEWT

Hot Stocks

09:39 EDT Newtek Business Services to acquire National Bank of New York City - Newtek Business Services on Monday announced that it entered into an agreement to acquire National Bank of New York City, a nationally chartered bank with approximately $204M in total assets and $36.5M in tier 1 capital for $20M in cash. The agreement requires that NBNYC have $20M of tangible common equity as of the closing date of the Acquisition. The Acquisition is part of a plan to reposition Newtek as a bank holding company, and is subject to the approval of, among others, federal banking regulators and the U.S. Small Business Administration, and Newtek shareholders to withdraw Newtek's election as a BDC. Upon shareholder and regulatory approvals, and other closing conditions, Newtek will become a bank holding company that will elect financial holding company status. Newtek anticipates the Acquisition to close in approximately six to twelve months. Barry Sloane, President, Chairman and CEO of Newtek said, "We are pleased with the manner in which Newtek has responded to adverse market conditions throughout its over two-decade operating history. During our enterprise's lifetime, the 2008-2009 credit crisis and the COVID-19 pandemic clearly were major hurdles for our organization to overcome, and we did so with success. We are proud that our management and team members have always been able to not only respond to challenges but, more importantly, have been able to adapt and persevere in the face of difficult operating environments, and always work to strategically position the company for future success."
LIXT

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09:28 EDT Lixte says LB-100 elicits anti-tumor activity in small lung cancer models - Lixte Biotechnology Holdings announced that its lead clinical compound, LB-100, a protein phosphatase 2A inhibitor, was reported to enhance the effectiveness of elements of standard therapy in models of small cell lung cancer. Dr. Ravi Salgia, MD, PhD, Professor and Chair of the Department of Medical Oncology and Therapeutics Research and Arthur & Rosalie Kaplan Chair in Medical Oncology, City of Hope, is the corresponding author of the paper. He is also the principal investigator for a recently opened Phase 1b clinical trial for patients with previously untreated advanced small cell lung cancer, in which LB-100 is added to a standard regimen of carboplatin, etoposide, and atezolizumab. The subject clinical trial is funded by Lixte Biotechnology. Lixte's CEO, John S. Kovach, MD, and an author on the preclinical study, commented that "Dr. Salgia and his scientific collaborators have carried out extensive pre-clinical studies of abnormal molecular features of SCLC and the effects of LB-100 on components of a standard regimen for the treatment of this disease. They found multiple metabolic changes associated with cell death in these cancer cells when exposed to LB-100 alone and when combined with the drugs in this standard clinical regimen for this notoriously aggressive disease. LB-100 has been reported to increase the effectiveness of a number of anti-cancer drugs against several different types of human cancers without increasing toxicity in animal models. Of note in the current preclinical study of SCLC cells is 1) that LB-100 increases the amount of carboplatin that enters the tumor cells without increasing toxicity, and 2) that LB-100 potentiates the action of the immune-blocker, atezolizumab." These observations are of great interest to Lixte because, taken together, they not only constitute a strong rationale for the recently opened clinical trial of LB-100 plus chemo-immunotherapy in SCLC but they complement earlier preclinical observations that LB-100 can reverse resistance of cancer cells to cisplatin, another widely used chemotherapy drug, increase the entry of another important anti-cancer agent, doxorubicin, into liver cancer cells associated with increased antitumor activity, and enhance the effectiveness of immune-blockers against several types of cancers. These observations raise the possibility that the addition of LB-100 may be a general way to enhance standard therapies for cancers for which better treatments are urgently needed. The present trial in SCLC is an initial step in testing that hypothesis.
CLSK...

Hot Stocks

09:28 EDT CleanSpark provides update on strategic initiatives related to Bitcoin - CleanSpark (CLSK) announced updates to a number of strategic initiatives related to its Bitcoin (BTC) and Energy business units. CLSK Tops 6 Bitcoin Per Day, Deploys 200 MicroGrid Batteries. 95% Carbon-Free Bitcoin Annual Run Rate Nearing $136M.CleanBlok, the Company's Bitcoin mining division, now has over 7,500 of the latest generation mining units deployed with a hashrate capacity of over 740 PH/s, currently producing approximately 6 Bitcoin per day at today's difficulty rates. Another 1,670 units, capable of producing approximately 148 PH/s or approximately 1.4 Bitcoin per day, have just been received and are expected to be installed this month. Additional units are scheduled for delivery in late August. Upon deployment of these units, the Company expects to exceed a hashrate capacity of 1.0 EH/s, which would produce approximately 9.3 Bitcoin per day assuming current difficulty. With a Bitcoin price of $40,000 and current difficulty rates, 1.0 EH/s would result in an annual run rate of $136M of revenue, in the mining segment alone. CleanSpark expects to approach 2.0EH/s by the close of calendar 2021, and 3.2EH/s by the end of September 2022.
AMZN BBY

Hot Stocks

09:18 EDT Amazon, Best Buy introduce new line-up of Best Buy Insignia F50 Series Fire TVs - Amazon (AMZN) and Best Buy (BBY) announced a new lineup of Best Buy Insignia F50 Series Fire TVs. The TVs are the latest from the strategic collaboration between the two companies, which began three years ago. The new F50 series TVs feature enhanced screen resolution, premium audio functionality, and Alexa voice integration for an immersive entertainment experience. The all-new Insignia F50 Series - Fire TVs include premium Dolby Vision and Alexa voice controls. "Customers have purchased millions of Insignia and Toshiba - Fire TVs in the U.S. and Canada, and given them an average rating of 4.4 stars on Amazon.com," said Daniel Rausch, Amazon Vice President, Entertainment Devices & Services. "Our collaboration with Best Buy has grown over the last three years, allowing us to deliver our content-first Fire TV experience and Alexa features to customers through a diverse line of high-quality smart TVs. Today, we're thrilled to further expand the Fire TV line with a new generation of Insignia - Fire TVs including the F50 Series."
MRNA

Hot Stocks

09:17 EDT Moderna granted fast track designation for mRNA-1345 by FDA - Moderna announced that the FDA has granted fast track designation for mRNA-1345, its investigational single-dose mRNA vaccine against respiratory syncytial virus, or RSV, in adults older than 60 years of age.
PFPT

Hot Stocks

09:17 EDT Proofpoint, ISA Cybersecurity partner to deliver email 'security-as-a-service' - ISA Cybersecurity announced that it is now delivering Proofpoint's industry-leading secure email solutions as a managed service offering. A first in the Canadian marketplace, this partnership will bring affordable email security solutions to companies of all sizes, right across the country. The partnership will help protect people on every channel, including email, web, cloud, social media and mobile messaging. The managed services platform will provide the ability to control, secure and monitor inbound and outbound messages, and will deliver extended threat prevention capabilities - in real time - giving customers increased visibility and comprehensive protection against today's advanced threats.
CSSE

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09:15 EDT Chicken Soup for the Soul's Screen Media acquires rights to 'One Shot' - Chicken Soup for the Soul Entertainment announced Screen Media's acquisition of all North American rights to James Nunn's real time action thriller One Shot about a team of Navy SEALs trapped in a CIA black site when insurgents attack. One Shot reunites Nunn with martial arts star Scott Adkins and co-stars Ashley Greene and Ryan Phillippe. Screen Media plans a late fall theatrical and VOD release for the title which is currently in post-production.
CSLLY

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09:14 EDT CSL Behring: FDA approves new BERINERT administration kit - CSL Behring received U.S. FDA approval for its supplemental request for co-packaging of a convenience administration kit along with its product BERINERT, indicated for the treatment of acute abdominal, facial, or laryngeal attacks of hereditary angioedema in adult and pediatric patients. Combination product packaging will improve the patient experience by providing ready-to-go, essential infusion supplies that are more efficiently packaged. This will also reduce the burden and responsibility on distributing specialty pharmacies in supplying separate administration materials.
GDRX

Hot Stocks

09:13 EDT GoodRx savings increase pharmacy visits, new consumer survey shows - GoodRx shared the results of a recent consumer survey showing the company's impact on pharmacy retailers. "Findings indicate that GoodRx helps pharmacies boost sales by driving in-store foot traffic, improving customer loyalty, and increasing medication affordability and access for their customers," the company said. GoodRx offers discounts at pharmacies across the country to help consumers save money on the prescriptions they need. For those looking for even greater discounts, GoodRx offers a subscription savings program, GoodRx Gold, which provides savings of up to 90% off the pharmacy retail price on prescription drugs at participating pharmacies nationwide. "GoodRx recently surveyed over 4,000 users of GoodRx coupons and GoodRx Gold and found that these users reported the following, which could benefit pharmacy retailers: Increase medication affordability and adherence for customers...; Sales through additional foot traffic...; Encourage pharmacy loyalty among customers," the company said.
NH

Hot Stocks

09:13 EDT NantHealth appoints Tiffany Avery as Chief Medical Officer - NantHealth announced the appointment of Tiffany Avery, MD, MPH, as Chief Medical Officer. In her new position, Dr. Avery will be responsible for providing clinical strategic direction and guiding the development and deployment of NantHealth's Eviti decision support platform and other innovative products and services. "Appointing Dr. Avery to our leadership team is an incredibly valuable addition to the organization, particularly as we expand into areas like population health and additional disease states for Eviti," said Ron Louks, Chief Operating Officer, NantHealth. "With her background in medical oncology, epidemiology, and cancer and health disparities, Dr. Avery will play a key role in helping NantHealth to deliver valuable, equitable care and improved outcomes to the patients and populations we serve."
SNCR

Hot Stocks

09:13 EDT Synchronoss Personal Cloud selected for integration into Kitamura channels - Synchronoss Technologies announced that Kitamura, a Japanese multimedia retailer, has selected the Synchronoss Personal Cloud solution for integration into its online and retail channel. The addition of personal cloud will give Kitamura's online and retail customers the ability to back up and manage their valuable digital content, including photos and videos, from any device.
RL

Hot Stocks

09:13 EDT Ralph Lauren seeing progressive return to 'sophisticated casual' - Comments taken from Q1 earnings conference call.
MIME

Hot Stocks

09:12 EDT Mimecast joins XDR Alliance as founding member - Mimecast announced it has joined Exabeam's XDR Alliance as a founding member. The alliance is a partnership of leading cybersecurity industry innovators committed to an inclusive and collaborative extended detection and response framework and architecture. The goal of the XDR Alliance is to foster an open approach to XDR which is essential to enable organizations everywhere to protect themselves against the growing number of cyberattacks, breaches, and intrusions.
LWAY

Hot Stocks

09:11 EDT Lifeway Foods announces intent to acquire assets of GlenOaks Farms - Lifeway Foods announced the intent to acquire certain assets of privately-held, California-based GlenOaks Farms. GlenOaks' product offering includes six different flavors of their popular drinkable yogurt products that are made with fruit puree and fresh California dairy. "We are very excited to welcome GlenOaks Farms into the Lifeway family, as it will further solidify our strong position in California and the Western U.S.," commented Julie Smolyansky, Lifeway's President and Chief Executive Officer. "Their drinkable yogurt is an incredible strategic complement to our kefir and will help expand our presence in key retail partners in the West, which is a crucial area of growth. This acquisition unlocks an adjacent health-oriented consumer and stays true to our core mission of supporting the gut health, immunity and mental wellbeing of our customers. We look forward to further developing the robust California market and exploring opportunities to expand GlenOaks nationwide."
LPLA

Hot Stocks

09:11 EDT LPL Financial appoints Corey Staten as EVP, service - LPL Financial announced that Corey Staten has joined the firm as executive vice president, Service, effective today. In this role, Staten leads the Service organization, including the Service Center, Specialized Service Teams, Technical Support Help Desk, and New Advisor Care Team. He is also responsible for leading the Care Transformation for Service, working in partnership with stakeholders across the firm to deliver a next-generation, industry-leading service experience to LPL advisors, RIAs and institutions. He reports to LPL Chief Customer Care Officer and Managing Director Dayton Semerjian and is based in LPL's San Diego office. Staten joins LPL from JPMorgan Chase & Co., where he served as managing director, Merchant Services Operations, servicing small business customers.
LZ MSFT

Hot Stocks

09:10 EDT LegalZoom appoints Elizabeth Hamren to board of directors - LegalZoom.com (LZ), the leading online platform for legal and compliance services, has appointed Elizabeth Hamren, corporate vice president for gaming experiences and platforms at Microsoft (MSFT), to its board of directors.
PRGS

Hot Stocks

09:10 EDT Progress Software appoints Ian Pitt as Chief Information Officer - Progress announced the appointment of Ian Pitt as its new Chief Information Officer. With more than 30 years of information technology leadership experience, Pitt will be responsible for driving the vision, strategy and operations of Progress' global IT organization. He will also lead Progress' ongoing efforts to safeguard its networks, infrastructure, business applications and products with best-in-class internal and customer-facing security practices. As CIO, Pitt will report to CEO Yogesh Gupta. In addition to his core areas of focus, Pitt will partner with company leaders to support Progress' M&A growth strategy by integrating newly acquired companies and technology and will ensure that Progress systems deliver world-class experiences to employees and customers. This includes leading the assessment and application of existing and new technologies to securely improve operational efficiency.
CMTL

Hot Stocks

09:09 EDT Comtech awarded $2.1M follow-on contract from a commercial space company - Comtech Telecommunications announced that during its fourth quarter of fiscal year 2021, it was awarded a $2.1 million follow-on contract from a commercial space company for several full-motion large aperture antenna tracking systems. "This award, for this important project and customer, demonstrates the unique value proposition offered by Comtech's antenna products for use in critical satellite ground system projects," said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. The contract was awarded to Comtech's Space & Component Technology division, which specializes in ground station systems and life cycle management, as well as the supply of high reliability microelectronics for use in satellite, launch vehicle and manned space applications.
SPXC

Hot Stocks

09:09 EDT SPX Corporation completes acquisition of Enterprise Control Systems - SPX Corporation announced that it has completed the acquisition of Enterprise Control Systems. Headquartered near Northampton, UK, ECS is a leader in the design and manufacture of highly-engineered tactical datalinks and radio frequency countermeasures, including counter-drone and counter-IED RF jammers. ECS's results will be reported as part of SPX's Communications Technology platform within its Detection & Measurement segment. SPX anticipates updating 2021 guidance to reflect ECS when reporting Q2 2021 results on August 5th, and currently anticipates that, in the near-term, ECS will contribute annualized revenue of approximately $14 million. ECS is expected to be accretive to Detection & Measurement segment margin once fully integrated.
SUMO SNX

Hot Stocks

09:08 EDT Sumo Logic, Synnex collaborate to deliver cloud-native security solutions - Sumo Logic (SUMO) announced it has teamed with SYNNEX Corporation (SNX). This new agreement will deliver a customizable cloud-native security practice using Sumo Logic's Practice Builder program built on its Continuous Intelligence Platform. With solutions spanning Cloud SIEM, Cloud SOAR, Cloud Security Monitoring Analytics and Compliance, this agreement will enable customers to get full-spectrum visibility across their on-premises and cloud environments to prioritize security insights, rapidly respond to threats in real-time, enforce security and compliance policies and achieve greater cyber resilience.
BYND

Hot Stocks

09:07 EDT Hopdoddy Burger Bar partners with Beyond Meat - Hopdoddy Burger Bar is furthering its commitment to serving the best-tasting, highest-quality burgers by shifting to Beyond Meat as its plant-based meat partner at all Hopdoddy locations. With this launch, Hopdoddy becomes one of the first restaurant groups to offer the new even meatier, even juicier Beyond Burger, the newest iteration of the popular Beyond Burger. As part of the new partnership, Hopdoddy is taking over Beyond Meat food trucks in Dallas, Los Angeles and other cities across the country to give Beyond Burgers a Hopdoddy twist.
CLOV

Hot Stocks

09:06 EDT Clover Health launches in Florida in partnership with ValueH - Clover Health announced a strategic partnership with ValueH. Through the arrangement, ValueH will support Accountable Care Organizations and Management Services Organizations participating in Clover's Direct Contracting Entity beginning in 2022. Clover's DCE will enable providers to manage the care of their Original Medicare patients with the Clover Assistant. The Clover Assistant is a clinical software tool used by doctors at the point of care to provide them with data-driven, personalized recommendations to improve how they care for their patients. "We are excited to partner with ValueH to help support our efforts to increase the quality of care delivered to patients while simultaneously lowering medical costs," said Kevin Murphy, Executive Director of Clover Health Partners. "We believe Direct Contracting has the potential to increase the growth of value-based models, specifically for the Medicare population."
SRNE

Hot Stocks

09:06 EDT Sorrento Mexico enters MOU with INMEGEN for development of COVID-19 products - Sorrento Therapeutics announced that its subsidiary company, Sorrento Therapeutics Mexico, has entered into an MOU agreement with the National Institute of Genomic Medicine INMEGEN to cooperate in the development, testing and support of multiple COVID-19 related products Sorrento plans to commercialize in Mexico. Sorrento Mexico and INMEGEN will expand its collaboration to include additional Sorrento COVID pipeline products spanning diagnostics, therapeutics and multivalent vaccines, including the following product candidates: COVITRACK: COVID-19 antibody detection diagnostic test for vaccinated people; STI-2020: Affinity matured neutralizing antibody against SARS-CoV-2 for outpatient COVID patients; STI-2099: Intranasal neutralizing antibody version of COVI-AMG for newly diagnosed COVID patients; COVISHIELD: Cocktail of neutralizing antibodies against variants of concern of SARS-CoV-2; STI-5656: BTK inhibitor for the treatment of acute respiratory distress syndrome in hospitalized COVID patients; STI-8282: Allogeneic mesenchymal stem cells for the treatment of COVID-associated ARDS in severe COVID patients; and Multivalent mRNA Vaccines: mRNA-based multivariant vaccines protecting against SARS-CoV-2 virus, Alpha, Beta, Delta and Gamma variants of concern. Sorrento Mexico plans to establish a local research laboratory within INMEGEN's facilities to ensure close collaboration between the INMEGEN and Sorrento teams for testing, clinical trials and development of COVID related products.
IBM

Hot Stocks

09:05 EDT IBM and Black & Veatch announce collaboration to market APM solutions - IBM and Black & Veatch announced a collaboration to jointly market Asset Performance Management, or APM, solutions, including remote monitoring technologies that combine near real-time data analytics with artificial intelligence to help customers keep equipment and assets running at peak performance and reliability. The companies are collaborating on solutions combining Black & Veatch Asset Management Services and digital analytics with IBM Maximo Application Suite.
MAG...

Hot Stocks

09:05 EDT MAG Silver announces appointment of Dale Peniuk to board of directors - MAG Silver (MAG) announces that Dale Peniuk has joined the company as a member of its board of directors. Peniuk is a Chartered Professional Accountant and corporate director. Peniuk currently serves on the board and as audit committee chair of Lundin Mining Corporation (LUNMF), Capstone Mining Corp. (CSFFF), and Argonaut Gold (ARNGF), and has been on the board and chair of the audit committee of numerous other Canadian public mining companies since 2006. Concurrent with his appointment as a director of the company, Peniuk has also been appointed as Chair of the company's Audit Committee.
BWA

Hot Stocks

09:04 EDT BorgWarner enters partnership with ZEEKR Intelligent Technology Co. - BorgWarner has entered into a partnership with ZEEKR Intelligent Technology Co. BorgWarner plans to supply its advanced High-voltage Coolant Heater to ZEEKR's new ZEEKR 001 electric sedan. The new ZEEKR 001 equipped with BorgWarner's HVCH is scheduled to start production in the second half of 2021.
MU

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09:03 EDT Micron announces availability of Crucial P5 Plus PCIe SSDs - Micron Technology announced the immediate availability of Crucial P5 Plus PCIe SSDs as an expansion of its NVMe solid-state drive portfolio to offer high-performance internal Gen4 storage options to consumers. By leveraging Micron's first-to-market volume shipments of 176-layer NAND, Crucial P5 Plus SSDs enable lower power, higher speed, and denser storage solutions. Additionally, Micron's advanced 176L 3D TLC NAND and innovative controller technology, yields up to 66% faster sequential write speeds and nearly double the sequential reads of prior generation Crucial SSDs3.
MMM

Hot Stocks

09:03 EDT 3M and Waystar announce strategic partnership - 3M and Waystar announced they have entered into a strategic partnership to provide revenue capture solutions to clients of 3M Health Information Systems division. In collaboration with 3M, Waystar's AI-powered technology will allow providers, health systems and hospitals to improve operational efficiency and compliance and collect appropriate, fuller reimbursement.
PHG

Hot Stocks

09:03 EDT Philips announces NYU Langone Health leverages Philips Genomics Workplace - Royal Philips announced that New York Langone Health's Department of Pathology will leverage Philips Genomics Workspace to integrate into their EMR environment. This will enable the largest cancer sequencing test in the industry, helping to guide more confident treatment decisions and care pathways for patients who have received a cancer diagnosis. Cleared by the FDA earlier this month under its 510(k) designation for clinical lab use, the NYU Langone Genome PACT test detects changes in the DNA code of 607 genes linked by past studies to the development of multiple types of cancer. The number of genes cancer types assayed is the largest among academic genomic sequencing tests of its kind.
ABT

Hot Stocks

09:02 EDT Abbott receives FDA clearance for it OCT imaging platform - Abbott announced it has received FDA clearance for its latest optical coherence tomography, or OCT, imaging platform powered by the company's new Ultreon Software. This innovative imaging software combines OCT with artificial intelligence, or AI, to provide physicians an enhanced, comprehensive view of coronary blood flow and blockages to assist physician decision-making and provide the best pathway for treatment. U.S. clearance follows the recently attained CE Mark in Europe, providing broader access to the latest OCT imaging platform for interventional cardiologists seeking to utilize the latest in AI-powered technology.
HYMTF

Hot Stocks

09:02 EDT Hyundai Motor America reports total July sales of 68,500 units, up 19% y/y - Hyundai Motor America reported total July sales of 68,500 units, a 19% increase compared with July 2020. This was the fifth consecutive month with at least a double digit increase in sales. Hyundai also set July total sales records for Venue and Kona. Hyundai established a new July retail sales record, with 61,227 retail sales, up 14%. Retail sales rose for the entire lineup with SUVs (+4%), cars (+36%) and eco-friendly vehicles (+399%), all growing. Eco-friendly vehicles also accounted for 12% of the retail volume.
NTUS

Hot Stocks

09:02 EDT Natus Medical announces completion of first clinical case using XactTrode - Natus Medical announce the completion of the first successfully performed clinical case using Natus' newly launched XactTrode family of platinum subdural electrodes. The Natus XactTrodes are intended for temporary use with recording, monitoring and stimulation of electrical signals on the surface of the brain. "We are pleased that the surgical team found the XactTrodes to be an excellent solution for both anatomic fit and signal performance," says Jonathan Kennedy, Natus CEO. "Natus is thrilled to now offer XactTrodes to our customers. We designed them to work seamlessly with our market leading Quantum system, which will provide care teams greater efficiency and performance."
TM

Hot Stocks

09:00 EDT Toyota's U.S. sales increased 32.8% in July, Bloomberg reports
APRN

Hot Stocks

08:58 EDT Blue Apron says product innovation continues as critical part of growth strategy - Says has "fantastic relationships with suppliers." Expects gross margin to normalize in 2H21.
NKLA

Hot Stocks

08:55 EDT Nikola says working 'diligently with suppliers' to offset materials shortage - The company said, "During the second quarter, validation activities continued on the first batch of five Nikola Tre BEVs. All nine trucks from the second batch have been built and are in the United States. Three trucks from the second batch have been commissioned and are in various stages of validation. The remaining six trucks from the second batch are currently undergoing commissioning in Arizona. Our batch two trucks have incorporated component improvements and systems iterations from batch one testing. Validation testing will continue to run through Q3 and into the beginning of Q4. Our team continues to work diligently with suppliers to offset the global parts and materials shortage, as well as work to grow the parts maturity level as we ramp up pre series builds. As of today, Nikola has completed Phase 0.5 of our Coolidge, Arizona manufacturing facility and is in the process of building seven trucks in Coolidge, comprised of two Tre BEV Pre Builds and five Tre FCEV Alphas. As we are building trucks in Phase 0.5 of the facility, we are concurrently building out the Phase 1 assembly expansion area which will provide additional manufacturing capacity. We anticipate the Phase 1 assembly expansion area will be completed by the end of 2021."
NKLA

Hot Stocks

08:52 EDT Nikola provides 2H21 outlook - Nikola looks forward to achieving the following milestones in the second half of 2021: Deliver pre-series Nikola Tre BEVs for use on public roads hauling customer freight; Announce additional fleet testing customers/dealers; Break ground on our first commercial hydrogen station and/or centralized hydrogen production facility; and announce additional hydrogen infrastructure/ecosystem partners.
OMQS

Hot Stocks

08:50 EDT Aroma Espresso Bar chooses Dangot for self-service kiosks - omniQ Corp., majority owner of Dangot, announced that Aroma Espresso Bar has chosen Dangot to provide its self-service kiosks. By the end of 2021, approx. 120 Dangot's Self Ordering kiosks will be installed in Aroma Israeli branches, with the expectation to install 250 of the Kiosks in total, by the end of 2022.
NETE

Hot Stocks

08:49 EDT Height Dispensary enters into $60M agreement to purchase 1,200 Mullen vans - Mullen Technologies, which previously announced a definitive agreement to merge with Net Element in a stock-for-stock reverse merger in which Mullen's stockholders will receive a majority of the outstanding stock in the post-merger company, announces that the Company has entered into a Letter of Agreement with Height Dispensary to purchase 1,200 Mullen One electric vans and has selected Mullen as its exclusive provider for electric vehicles. The total vehicle purchase order is valued at over $60M. The initial Mullen ONE vehicle order will consist of 200 EV vans for Heights Dispensary's Houston and Dallas operations, to be delivered on or before the end of third quarter 2023. Additionally, Heights will purchase 1,000 Mullen ONEs by second quarter 2025. The Mullen ONE EV Cargo Van vehicles are a modified variant of the Mullen FIVE, an electric crossover SUV based on a skateboard EV platform and unibody frame that will be available in a single or dual electric motor configuration. "We're very excited that Heights Dispensary has selected Mullen to satisfy all its electric vehicle needs. The Heights order is the second, among many other companies we are currently working on, to select Mullen as their EV provider. The FIVE skateboard platform allows us to configure and offer the vehicle for many different types of commercial trade uses," said David Michery, CEO and chairman of Mullen Technologies.
XSPA

Hot Stocks

08:48 EDT XpresSpa collaborates with EL AL Israel Airlines for pilot program - XpresSpa Group announced a collaboration between XpresCheck and EL AL Israel Airlines, the national airline of Israel. The new pilot program, launching on August 5, requires negative COVID-19 PCR tests from passengers departing JFK International Airport and arriving at Ben-Gurion International Airport in Israel. A negative COVID-19 PCR test is currently required for passengers of all ages, including those vaccinated, upon landing in Israel. Located in JFK T4, XpresCheck will collect specimens for rapid molecular testing services to EL AL passengers upon landing in Ben-Gurion International Airport to detect the active presence of COVID-19 and reduce the risk of spreading the virus.
POAI

Hot Stocks

08:48 EDT Helomics reports initial results on AI-driven models of ovarian cancer - Predictive Oncology is excited to report initial results on AI-driven models of ovarian cancer. POAI subsidiary Helomics, working on data from the 100,000 Genomes Project in Genomics England's National Genomic Research Library, has developed a new AI-driven model that can predict survival rates for ovarian cancer patients, post-treatment. These AI models have the potential to improve treatment paths for ovarian cancer and drive the development of new therapies. The results of the study will be available as a preprint on Biorxiv in the late summer. Helomics used a machine learning approach to extract the key genomic features from nearly 500 ovarian cancer participants of the 100,000 Genomes Project. The AI model learns patterns in the genetic mutations of patients' tumors, to then predict their survival rates post-treatment, with close to 70% accuracy. Helomics is now working to refine their AI models with the aim of even greater accuracy for predictions. These developments represent an important step forward in oncology. There are currently no biomarkers for prognosis and treatment responses in ovarian cancer, making it challenging to tailor treatments to individual patients. Doctors must choose from a set 'menu' of drugs and therapies that have not changed much in the last two decades, despite extensive research efforts. The Helomics AI model has the potential to be used to narrow down ovarian cancer treatment choices as it predicts patients' responses to specific therapies, improving patients' prognosis and offering clinicians a more efficient and cost-effective precision medicine approach to treatment. Importantly, these models also provide doctors and scientists better insights into which genes are involved in response to treatment, allowing for the development of new precision medicines.
MAR

Hot Stocks

08:47 EDT Marriott: U.S. leisure room nights booked in Q2 15% higher vs. 2019 levels
SBET

Hot Stocks

08:47 EDT SharpLink Gaming, Nascar expand online sports betting experience - SharpLink Gaming announced that based on insights and results generated by SharpLink's C4 Sports Betting Conversion Platform launched on NASCAR.com earlier this year, NASCAR is perpetuating and expanding its relationship with SharpLink to provide for multiple new features and betting opportunities to be served to NASCAR fans through the end of the 2021 racing season. "We are very pleased that our C4 Sports Betting Conversion platform is meeting and exceeding NASCAR's expectations of our innovative AI-enabled technology and capabilities. We are also proud that through rapid deployment with BetMGM and full service weekly maintenance, SharpLink is freeing NASCAR's staff to focus on creating the best possible betting user experience for their passionate fanbase without having to hassle with complex technology implementations by costly in-house development teams," added Rob Phythian, SharpLink's Chief Executive Officer.
MCHP

Hot Stocks

08:46 EDT Microchip announces development of aerospace-qualified baseless power modules - Microchip Technology announced its development with Clean Sky, a joint European Commission and industry consortium, of the first aerospace-qualified baseless power modules enabling higher-efficiency, lighter and more compact power conversion and motor drive systems. Partnering with Clean Sky to support aerospace industry goals set by the EC for stricter emission standards that result in climate neutral aviation by 2050, Microchip's BL1, BL2 and BL3 family of baseless power modules provides greater efficiency in AC-to-DC and DC-to-AC power conversion and generation through the integration of its silicon carbide power semiconductor technology. Forty-percent lighter than others due to the modified substrate, the innovative design also produces an approximate 10% cost savings over standard power modules that incorporate metal baseplates. Microchip's BL1, BL2, and BL3 devices meet all mechanical and environmental compliance guidelines set forth in RTCA DO-160G, the "Environmental Conditions and Test Procedures for Airborne Equipment," Version G. RTCA is the industry consortium that develops consensus on critical aviation modernization issues.
VERI

Hot Stocks

08:45 EDT Veritone awarded microgrid modeling contract for cryptocurrency mining project - Veritone announced a new project with a microgrid developer to model the clean energy supply needs for a new U.S cryptocurrency mining project within Texas. Veritone's AI-powered energy solutions enable independent power producers and microgrid developers to model and predict mining data center energy supply needs. The new contract calls for modeling and simulation of the energy sources required to optimally dispatch 1,000 mW of clean, continuous, and reliable power for crypto mining. The capacity sizing design simulation will leverage wind, solar, and battery sources, with natural gas as a backup power source.
OBNNF

Hot Stocks

08:45 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 73 intercepts in 22 drill hole and 16 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. Selected high-grade intercepts include: 2181 g/t Au over 2.5 metres and 403 g/t Au over 2.2 metres in OSK-W-21-2287-W1; 293 g/t Au over 4.4 metres in WST-21-0814; 350 g/t Au over 2.1 metres in OSK-W-21-2470-W6; 209 g/t Au over 2.9 metres in OSK-W-21-1432-W4; 218 g/t Au over 2.0 metres in OSK-W-21-2503-W2; 91.0 g/t Au over 3.8 metres in OSK-W-21-1432-W3; 82.1 g/t Au over 3.2 metres in WST-21-0811A; 89.0 g/t Au over 2.6 metres in OSK-W-21-2509; 94.2 g/t Au over 2.1 metres in OSK-W-21-2492-W5.
IPWR

Hot Stocks

08:45 EDT Ideal Power signs B-TRAN evaluation agreement with provider in solar industry - Ideal Power announced that it has signed an agreement for the testing and evaluation of B-TRAN devices by a global provider of power conversion solutions to the solar industry. "B-TRAN will be evaluated for its compelling advantages in bi-directional circuits for various applications, with an initial focus on uninterruptible power supply systems for data centers and the potential to expand testing and evaluation to include renewable energy, electric vehicle and other applications served by this provider," the company said. "With the secular trend toward cloud computing and storage, there is intense pressure in the data center sector to reduce electricity costs and power losses, and we believe B-TRAN's bidirectionality and superior performance metrics can contribute to lower energy costs," stated Dan Brdar, President and Chief Executive Officer of Ideal Power. "We are excited to collaborate with this power conversion solution provider as they evaluate B-TRAN for UPS systems and for their innovative solutions in the two largest segments of the insulated gate bipolar transistor market, EVs and renewable energy."
APRN

Hot Stocks

08:44 EDT Blue Apron says total customer declines in-line with expectations - Says order rates encouraging. Says new product initiatives driving ARPU, order volume. Expects 50% of menus to be customizable by year-end. Says continues to lean-in to partnerships. Expects positive EBITDA next year. Comments taken from Q2 earnings conference call.
APO

Hot Stocks

08:44 EDT Apollo Global releases 12th annual ESG report - Apollo Global Management announced the launch of its 12th ESG Report, "The Apollo ESG Effect." The report details Apollo's holistic approach to ESG integration in order to drive investment performance and positive impact across the Firm, its companies, and communities. Building on the Firm's 12-year track record of ESG reporting and engagement across its funds' portfolio companies, this year's report reflects the Firm's commitment to ESG across its business. In 2020, Apollo announced it will implement a best-in-class, transparent governance structure, including a new single-class "one share one vote" common stock structure. Apollo developed a proprietary ESG rating system for its credit platform, further incorporating ESG into its lending and investment processes. The Firm has also helped to launch industry-leading DE&I initiatives including AltFinance to expand opportunities for students at HBCUs interested in learning about and pursuing careers in alternative investment management.
NCLH

Hot Stocks

08:42 EDT Norwegian Cruise Line names chief sales, marketing officer of Regent Seven Seas - Norwegian Cruise Line Holdings announced the appointment of Andrea DeMarco to Chief Sales and Marketing Officer for Regent Seven Seas Cruises. Jessica John has been promoted to Vice President of Investor Relations, Corporate Communications and ESG for Norwegian Cruise Line Holdings. Both women will assume their new roles beginning September 1, 2021. Prior to the appointment, DeMarco was with Norwegian Cruise Line Holdings for nine years, most recently serving as Senior Vice President of Investor Relations, Corporate Communications and ESG.
EXFO

Hot Stocks

08:42 EDT ISS recommends Exfo shareholders to vote for going private transaction - EXFO announced that Institutional Shareholder Services, or ISS, a leading third party proxy advisory firm, which, among other services, provides voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders has recommended that EXFO shareholders vote in favour of the going private transaction proposed by 11172239 Canada, a corporation controlled by Germain Lamonde. The proposed going private transaction, to be effected by way of a plan of arrangement between EXFO and the Purchaser is to be voted on at the special meeting of shareholders to be held on August 13.
CNI

Hot Stocks

08:40 EDT CN moved over 31 MMT of Canadian grain, grain products during 2020-201 crop year - CN announces that it has set a new record for the movement of Canadian grain and processed grain products via carload with over 31 million metric tonnes moved during the 2020-2021 crop year. CN also filed and published its 2021-2022 Grain Plan on Friday July 30. This record exceeds the previous record for carload movement of 29.4 MMT set in the 2019-2020 crop year. CN also moved over 1.1 MMT of grain from Western Canada via containers, with grain volumes moved from Eastern Canada in addition to these levels. Details of CN's success can be found in its annual Grain Plan, entitled From Farm to Market. This is the fourth year CN has produced a Plan in conjunction with key industry stakeholders. The Plan reviews CN's performance during the previous crop year, assesses CN's ability to move anticipated levels of grain during the upcoming crop year, and outlines specific steps that CN is taking to ensure it has the necessary capacity to move grain safely and efficiently for the benefit of farmers, customers and supply chain partners. In May 2021, CN announced its plans to acquire 1,000 new-generation, high-capacity, grain hopper cars. These innovative railcars will help meet the growing needs of grain farmers and grain customers, and are part of a larger 3,500 hopper car fleet renewal program over the next three years. Building on CN's on-going grain hopper car fleet renewal program that began in 2018, CN's new generation fleet will grow to 6,000 hopper cars. During the last five years, CN has invested more than C$15 billion in capital equipment and infrastructure to ensure it has the network capacity to meet the needs of our customers. CN's overall investment plan reflects its determination to play a leading role in the economic recovery and to be part of the climate solution.
MAR

Hot Stocks

08:39 EDT Marriott sees July U.S. occupancy reaching 67%, down just 2% vs. July 2019
MAR

Hot Stocks

08:39 EDT Marriott: Q2's strong momentum has continued into first weeks of July - Marriott says the strong momentum seen in Q2 in the U.S. and Canada has continued into the first 3.5 weeks of July.
VIAC VIACA

Hot Stocks

08:38 EDT ViacomCBS announces comprehensive distribution deal with Cox Communication - ViacomCBS announced multi-year distribution agreements with Cox Communications to continue delivering leading content from ViacomCBS' extensive portfolio of broadcast, entertainment, news and sports networks, including BET, CBS Sports Network, CMT, Comedy Central, Logo, MTV, Nickelodeon, Paramount Network, Pop TV, SHOWTIME, Smithsonian Channel, Telefe, TV Land and VH1. The deal also includes retransmission consent of CBS broadcast stations in Los Angeles. In addition to renewed carriage of ViacomCBS content, the deal will also offer Cox subscribers expanded access to ViacomCBS' collection of streaming services, including Paramount+, SHOWTIME OTT and Pluto TV. "We are pleased to have reached significant agreements with Cox that offer our best-in-class entertainment across broadcast, cable and streaming on behalf of subscribers," said Ray Hopkins, President, U.S. Networks Distribution, ViacomCBS. "Cox has been a valued partner for years and we look forward to working together to continuously serve millions of households through our long-standing partnership." Financial terms of the agreements were not disclosed.
FSTR

Hot Stocks

08:36 EDT L.B. Foster 'remains optimistic' about prospects for y-o-y revenue growth - The Company's backlog was at $253.2 million as of June 30, 2021, a $5.0 million increase over December 31, 2020, and a $28.0 million increase, or 12.4%, over June 30, 2020. The Company continues to see strong order activity for infrastructure projects, with the second quarter of 2021 producing the highest level of order activity for the Company since the fourth quarter of 2019. Pandemic restrictions in the United Kingdom are expected to continue to ease, which provides for a favorable outlook for our rail operations in Europe for the remainder of 2021, assuming no resumption of such restrictive measures. The Coatings and Measurement business line, which primarily serves midstream energy customers, is expected to remain weak, although the Company has seen pockets of strength in order activity for portions of this business during the second quarter, albeit at compressed margins versus historical levels. This business unit continues to face significant headwinds; further cost mitigation actions, including additional shutdowns or furlough periods, could be implemented in certain divisions of the Coatings and Measurement business unit if order rates do not improve in the coming months. The Company anticipates its Precast Concrete Products and Fabricated Steel business lines to continue to directly benefit from current infrastructure investment trends, as demonstrated by the activity levels in these businesses through the second quarter of 2021, with certain divisions in these business lines operating at near-capacity levels. With its robust backlog and improving commercial and operating environment, the Company remains optimistic about its prospects for year over year revenue growth in the second half of 2021.
MAR

Hot Stocks

08:36 EDT Marriott: June room prices down just 13% vs. June 2019 - Comments taken from Q2 earnings conference call.
DISCA

Hot Stocks

08:34 EDT Discovery sees FY21 tax rate in mid-teens percentage range - Says international advertising is back in a big way. Says Olympic games in Tokyo has been a pleasant surprise. Says expects continued quarterly revenue growth for this year and beyond. Says expects to expand Vodafone to Brazil, Canada and Philippines by end of the year. Sees FY21 tax rate in mid teens. Says currently has 50% conversion rate of AOIBDA to free cash flow. Sees positive $100M impact on revenue from foreign exchange in FY21. Comments and guidance taken taken from Q2 earnings conference call.
MARA

Hot Stocks

08:31 EDT Marathon Digital announces bitcoin production, mining updates for July - Marathon Digital Holdings published unaudited bitcoin production and miner installation updates for July 2021. "Produced 442.2 new minted bitcoins during July 2021, increasing total bitcoin holdings to approximately 6,225.6 with a fair market value of approximately $260.7M; received approximately 19,401 S19 Pro ASIC miners from Bitmain year to date with an additional 4,287 S19 Pro ASIC miners currently in transit; existing mining fleet consists of 19,395 active miners producing 2.09 EH/s." As a result, Marathon currently holds approximately 6,225.6 BTC, including the 4,812.66 BTC the company purchased in January 2021 for an average price of $31,168 per BTC.
TSQ

Hot Stocks

08:30 EDT Townsquare Media sees FY21 corporate expense declining by $6M
TSQ

Hot Stocks

08:29 EDT Townsquare Media will gradually ramp up live events for remainder of 2021
NVEE

Hot Stocks

08:28 EDT NV5 Global selected by a Northeast Utility for $16M LNG infrastructure upgrade - NV5 Global announced that it has been selected for a $16M contract to upgrade liquefaction infrastructure at a Northeast utility's liquefied natural gas facility. NV5 will provide engineering and procurement services for the upgraded facility. Liquefaction conversion provides utilities the ability to store large quantities of natural gas in a liquefied state. This liquefied natural gas can then be vaporized and used to supplement gas supplies during peak demand periods improving both the reliability and overall economics of the gas supply. NV5 was previously awarded the engineering design and liquefaction procurement services for this multi-phase project, which is expected to be completed in July of 2022.
A

Hot Stocks

08:27 EDT Agilent announces target enrichment manufacturing facility in China - Agilent Technologies announced that is has established in-country manufacturing for its SureSelect portfolio at its facility in Hangzhou, China. "Agilent is a leading provider of next-generation sequencing assays, and customers often develop custom panels for their routine applications. Therefore, delivery turnaround time is an essential aspect of how Agilent uniquely serves its customers, enabling them to validate and implement their assays quickly and efficiently. Expanding manufacturing capabilities for SureSelect assays in China, at the same high-quality standard as Agilent's U.S.-based manufacturing sites, will significantly reduce the time from initial design to customer delivery. In addition, China-based manufacturing will provide faster development and iteration on custom panel optimization and more rapid supply for routine sequencing applications," said the company in a statement.
AQMS

Hot Stocks

08:27 EDT Aqua Metals announces successful completion of 3rd generation Aqualyzer - Aqua Metals announced it has completed its V1.5 Aqualyzer program just six months after completing V1.25. This latest Aqualyzer configuration has now achieved lead production that is over 300% greater than the V1.0 Aqualyzer deployed at the AquaRefinery during commercial production in 2018 and 2019. These results are expected to positively impact capital and operating expenses for the Company's current and future equipment supply and technology licensing customers. The increase in throughput results in a reduction of more than 60% in the number of Aqualyzers needed for equivalent lead production delivered by the V1.0 model, reducing capital and labor and footprint requirements. This latest iteration has also increased electrical efficiency to 97%, which further improves operating costs. The 60% overall reduction in operating expenses and 50% reduction in capital expenditures from V1.0 to V1.5 exceeds the targets set in early 2020.
ASMB

Hot Stocks

08:26 EDT Assembly Biosciences appoints Jason Okazaki as COO, Michael Samar as CFO - Assembly Biosciences announced the promotions of Jason Okazaki to COO and Michael Samar to CFO. Mr. Okazaki joined Assembly Bio in 2020 as chief legal and business officer responsible for leading and executing strategic collaborations and transactions. Since joining Assembly Bio in 2017, Mr. Samar has led the company's financial and business operations, serving most recently as senior vice president of finance and business operations.
TSQ

Hot Stocks

08:25 EDT Townsquare Media: Live events business beginning to pick up pace
TSQ

Hot Stocks

08:25 EDT Townsquare Media sees FY21 net revenue 'close' to 2019 levels - Previous guidance was $395M, consensus is $400.06M. Sees FY21 adjusted EBITDA that achieves 2019 levels vs. previous guidance of $95M. Comments taken from Q2 earnings conference call.
ATVI

Hot Stocks

08:25 EDT Activision Blizzard appoints Jen Oneal and Mike Ybarra co-leaders of Blizzard - Activision Blizzard President and COO Daniel Alegre sent the following letter to all employees regarding Blizzard Entertainment. I am pleased to announce that, effective immediately, Jen Oneal and Mike Ybarra have been appointed co-leaders of Blizzard. Jen and Mike will share responsibility for development and operational accountability for the company. "Both are leaders of great character and integrity and are deeply committed to ensuring our workplace is the most inspired, welcoming environment for creative excellence and to upholding our highest game development standards. Many of us already know Mike and Jen and have experienced their leadership, their empathy and their unwavering sense of accountability: Jen is an 18-year company veteran and the former head of Vicarious Visions studio. As Executive Vice President of Development at Blizzard, she has been providing senior development leadership and support to the Diablo and Overwatch franchises. Mike has been in the technology and gaming industries for over 20 years, including 7 years as a senior executive at Microsoft's XBOX division. Most recently Mike was Executive Vice President & General Manager of Platform and Technology at Blizzard overseeing Battle.net and our Development Services organizations," said COO Daniel Alegre.
PSWW

Hot Stocks

08:25 EDT Principal Solar, IntelliMedia collaborate with GohTV - Principal Solar announced that it has partnered with IntelliMedia Networks to collaborate with GohTV to provide environmental education awareness programming targeted to African viewers around the world. "Other large streaming services have not directly addressed the unique cultural values of the world's 1.2 billion Africans," said K. Bryce "Rick" Toussaint, CPA, MBA, Chairman and CEO of Principal Solar. "In partnership with IntelliMedia, Principal expects to work with GohTV to meet this opportunity by providing environmentally-focused, internet-based programming that serves to showcase how Africans can mitigate and effect climate change while advocating for country and region-based environmentally friendly policies."
XFOR

Hot Stocks

08:25 EDT X4 Pharmaceuticals expects cash to fund operations into 4Q22 - X4 had $96.5 million in cash, cash equivalents, and restricted cash as of June 30, 2021. The company expects that its cash and cash equivalents will fund company operations into the fourth quarter of 2022.
XFOR

Hot Stocks

08:24 EDT X4 Pharmaceuticals surpasses minimum enrollment for Phase 1b trial in WM - The company announced that it has surpassed enrollment of the minimum 12 patients required to determine optimal dosing of mavorixafor in combination with ibrutinib in the ongoing Phase 1b clinical trial. The company is continuing enrollment in the optional Cohort C. This ongoing Phase 1b, open-label, multicenter, single-arm study examines intra-patient dose escalation, safety, pharmacokinetics, and pharmacodynamics of mavorixafor in combination with ibrutinib, both delivered orally once daily, in patients with Waldenstrom's macroglobulinemia and confirmed MYD88 and CXCR4 mutations. Patients are followed for adverse events and change from baseline in IgM and hemoglobin, PK, and PD, in addition to clinical response. The company remains on track to announce additional dosing, efficacy, safety, and clinical response data from the ongoing trial in the fourth quarter of 2021, including patient data at the highest planned mavorixafor dose of 600 mg.
PAE

Hot Stocks

08:24 EDT PAE awarded seat on seven-year $800M global architect project - PAE was awarded a seat on the seven-year, $800M Global Architect-Engineer Services III indefinite delivery, indefinite quantity contract by the United States Agency for International Development to support infrastructure activities for the agency's Bureau for Development, Democracy and Innovation. PAE is one of seven large business contractors awarded a seat on the contract vehicle that also includes six small business awardees. PAE will compete for task orders to provide services that include infrastructure planning, engineering design, construction supervision and related support on projects across the globe. PAE Interim President and CEO Charlie Peiffer said the company's demonstrated expertise delivering services supporting global infrastructure initiatives makes its team a valued partner on the contract. Forthcoming task orders are expected to span a wide range of infrastructure services under the technical areas of water and sanitation, environment, transportation, energy, telecommunications and vertical structures and exterior public space.
XFOR

Hot Stocks

08:23 EDT X4 Pharmaceuticals surpasses minimum enrollment for 4WHIM Phase 3 trial - The company announced that it has surpassed the 18-patient minimum enrollment needed for primary endpoint analyses, determination of clinical benefit, and U.S. regulatory filing, having enrolled 23 patients to date in its ongoing Phase 3 trial in WHIM syndrome. Enrollment will be completed in the third quarter of 2021, allowing the remaining identified patients to complete screening and potential enrollment. Top-line data are expected to be announced in the fourth quarter of 2022. The 4WHIM Phase 3 trial is a global, randomized, double-blind, placebo-controlled, multicenter study designed to evaluate the safety and efficacy of mavorixafor in 18-28 genetically confirmed WHIM patients over the course of a 52-week study with open-label extension. The primary endpoint for the trial will compare the level of circulating neutrophils relative to a clinically meaningful threshold in response to treatment with mavorixafor versus placebo over 24-hour periods. Secondary endpoints will assess infection rates, wart burden, markers of immune system function, and quality of life, among others. The company is planning to announce new data from the open-label extension of its ongoing Phase 2 clinical trial, as well as an update on patient prevalence, and new data from research into the genetics of WHIM that will detail new insights into genotype/phenotype correlations and the identification of a new WHIM variant.
MRNS

Hot Stocks

08:23 EDT Marinus Pharmaceuticals submits ganaxolone NDA to FDA - Marinus Pharmaceuticals announced the submission of a new drug application, or NDA, to the FDA for the use of its lead product candidate ganaxolone, to treat seizures associated with CDKL5 deficiency disorder, or CDD, a rare, genetic epilepsy. An NDA filing notification letter from the FDA is expected before the end of Q3. If the NDA is accepted for filing by the FDA, this will enable the company to draw $30M of additional cash under its credit financing agreement with Oaktree Capital Management on or before December 31, subject to the satisfaction of certain customary conditions described in the credit agreement.
MNPR

Hot Stocks

08:22 EDT Monopar Therapeutics announces FDA clearance to proceed with camsirubicin trial - Monopar Therapeutics announced clearance from the US Food and Drug Administration to proceed under its IND with an open-label Phase 1b dose-escalation trial evaluating camsirubicin plus growth factor support in patients with advanced soft tissue sarcoma. The Company anticipates dosing the first patient in the trial in the fourth quarter of this year. "By giving concomitant growth factor support to overcome the dose-limiting toxicity of this class of drug, we hypothesize camsirubicin could be dosed even higher and longer than doxorubicin, yielding the chance to demonstrate efficacy superiority over doxorubicin," said Octavio Costa, MD, Monopar's Chief Medical Officer.
MU

Hot Stocks

08:21 EDT Micron initiates quarterly cash dividend of 10c per share - Last night, Micron Technology announced that its board of directors has declared a quarterly dividend of 10c per share of Micron's outstanding common stock. The initial quarterly dividend will be payable in cash on October 18 to shareholders of record as of the close of business on October 1. "Micron's remarkable transformation over the last several years has put the company in an outstanding position, with technology leadership, a robust product portfolio, enhanced profitability, and a strong, investment grade balance sheet. This transformation creates the opportunity today to enhance the value of our capital returns program. Initiating a common stock dividend reflects our confidence in Micron's future and our commitment to creating compelling value for shareholders," said Micron Technology President and CEO Sanjay Mehrotra.
BEEM

Hot Stocks

08:20 EDT Beam Global receives order for ten EV ARC off-grid EV charging systems - Beam Global announced that the County of Ventura in California has ordered ten EV ARC solar-powered EV charging systems for fleet and public use. Ventura's EV ARC units are equipped with ChargePoint Dual Port and Enel X JuiceBox chargers. Fleet units are expected to deploy at the County of Ventura Remote Motor Pool locations. Public charging is expected to deploy in Oxnard at one of MICOP's offices that serves local disadvantaged communities. Each EV ARC generates and stores its own clean electricity and delivers that electricity to power EVs, day or night, and during inclement weather and power outages. The competitive grant funding was awarded to Ventura County from the California Energy Commission's Clean Transportation Program, Electric Vehicle Ready Communities Phase II- Blueprint Implementation Grant. Requiring no connection to the utility grid, Beam Global products eliminate disruptive construction projects, costly grid upgrades and utility charges to deliver significant long-term savings to city budgets
MSSTF

Hot Stocks

08:20 EDT Mindset files international patent application for psilocybin synthesis method - Mindset Pharma announced that it has filed an international patent application for its novel psilocybin synthesis method. The application claims the priority date of the Company's previously filed United States Patent and Trade Office provisional application, filed on July 24, 2020. The patent application covers Mindset's Synthesis Process, a ground-breaking process to synthesize psilocybin and psilocin-two of the known active compounds in psychedelic mushrooms. This process enables faster psilocin and psilocybin synthesis compared to many of the established methodologies used today and has advantages over current processes that include: lower cost, milder reaction conditions, more convenient operations, easily obtained commercially available raw materials, suitability for multi-kilogram scale manufacturing, and lower environmental impact.
AMAM

Hot Stocks

08:19 EDT Ambrx dosed 1st patient in Trial for ARX517 for PSMA expressing tumors - Ambrx announced the first patient has been dosed in a Phase 1, multicenter, open-label, dose-escalation, and dose expansion study to evaluate the safety, pharmacokinetics , and anti-tumor activity of ARX517 in subjects with prostate specific membrane antigen PSMA expressing tumors found in prostate, pancreatic, lung and ovarian cancers. ARX517 is an anti-PSMA antibody drug conjugate that demonstrated activity in both enzalutamide sensitive and resistant preclinical models for prostate cancer while demonstrating favorable PK and toxicity profiles in IND-enabling GLP toxicity studies. "I am excited to announce that we dosed our first patient in our Phase 1 trial, and thus have taken the first steps in evaluating the potential clinical benefit of ARX517 in cancer patients with tumors overexpressing PSMA," said Feng Tian, Ph.D., Chairman of the Board, President and CEO of Ambrx. "ARX517 is the second ADC in our internal pipeline to enter the clinic, which I believe speaks to the broad applicability and productivity of our technology platform. I look forward to updating you on the progression of this trial." The Phase 1 trial will be a multi-center, open-label, dose escalation and dose expansion study. This trial, referred to as APEX-01, is designed to assess the safety, tolerability and PK profile, as well as the anti-tumor activity, of ARX517 as a monotherapy. The trial will enroll up to 76 patients with advanced solid tumors whose diseases have failed prior standard therapies.
CUE

Hot Stocks

08:19 EDT Cue Biopharma to present corporate update at BTIG conference - Cue Biopharma announced that it will participate in a fireside chat at the BTIG Virtual Biotechnology Conference being held August 9-10 2021. During the fireside chat, Cue Biopharma will provide a corporate update highlighting clinical progress on CUE-101, the lead Immuno-STAT IL-2 based therapeutic, in clinical trials for the treatment of second line and beyond patients with HPV+ recurrent/metastatic head and neck cancer. The presentation will also focus on the Company's platform developments and pipeline progress including its next clinical candidate CUE-102, targeting the Wilms' tumor 1 antigen, which will be evaluated in a Phase 1 clinical trial expected to commence in 1H22.
ALHC

Hot Stocks

08:18 EDT Alignment Healthcare expands into 16 new markets - Alignment Healthcare has announced the expansion of its "senior first" model into 16 new markets, making Alignment's plans available in 38 total markets across Arizona, California, Nevada and North Carolina in 2022 to reach a market of more than 6.9 million1 people eligible for Medicare, pending regulatory approval. The company also announced the addition of new Medicare Advantage plan options to its plan portfolio, including Preferred Provider Organization plans as well as special needs plans catering to seniors with lower incomes and chronic illnesses. Medicare's annual enrollment period begins Oct. 15, 2021. New markets in 2022 include Nye and Washoe counties in Nevada; Avery, Buncombe, Davidson, Davie, Forsyth, Guilford, Henderson, Madison, McDowell, Mitchell, Transylvania and Wilkes counties in North Carolina; and Maricopa and Pima counties in Arizona, where the company is introducing its plans for the first time. With this strategic expansion, Alignment will reach even more seniors nationwide across a diverse range of ethnic and socio-economic backgrounds in some of the country's most critical Medicare Advantage regions. In addition to its growing footprint, Alignment announced several new plan options for seniors in 2022, pending regulatory approval. The company's new Medicare Advantage PPO plans include a virtual care plan that provides seniors with convenient and personalized care on the heels of the pandemic. These PPO plans will be available to new and existing Alignment Health Plan members in 28 counties across California, Arizona and North Carolina during the 2022 enrollment cycle. For the most vulnerable and underserved, Alignment is also adding personalized and customizable Dual-Eligible Special Needs Plans in 24 counties in California, Nevada and North Carolina, and Chronic Condition Special Needs Plans in 11 counties in Arizona, California and Nevada.
IVAC

Hot Stocks

08:18 EDT Intevac says won't update on strategic review until board decides on action - Asked on last night's earnings call about any update on the company's ongoing strategic review, Wendell Blonigan, president and CEO of Intevac, responded: "We're basically not going to talk about that. We announced it last quarter, so people knew what we were doing it. But we won't be really talking much about that until at such time if the Board has decided that there's some action that they're going to take."
TDY

Hot Stocks

08:18 EDT Teledyne introduces MicroCalibir camera platform - Teledyne is pleased to introduce the MicroCalibir, a new compact, low-power camera platform. This latest uncooled thermal camera platform features the smallest VGA IR core module on the market, making it ideal for OEM drones, handhelds, helmet-mounted and vehicular integration products. The development of the small and lightweight MicroCalibir is a result of the latest advances made by Teledyne DALSA's integration of their in-house 12 mum microbolometer pixel technology with a deep-ADC ROIC circuit. This novel ROIC design results in a 1000 degrees C intra-scene temperature range at a sub-50mK NETD.
GE

Hot Stocks

08:17 EDT GE, NorthStar Medical Radioisotopes in pact for iodine-123 distribution - NorthStar Medical Radioisotopes and GE Healthcare announced the signing of an exclusive agreement for the manufacturing and distribution of iodine-123 capsules in the United States. Under the contract terms, GE Healthcare's Pharmaceutical Diagnostics unit will manufacture and supply NorthStar with I-123 capsules under the NorthStar label using a new, state-of-the-art production system at its facility in Arlington Heights, Ill. Upon receipt of the required regulatory approvals, NorthStar will retain exclusive U.S. marketing and distribution rights for these I-123 capsules, which will be available in 100microCi and 200microCi formulations.
ORXGF

Hot Stocks

08:17 EDT Orca Energy Group enters agreement with Exalo Drilling - Orca Energy Group announced that its subsidiary, PanAfrican Energy Tanzania Ltd., has recently signed an agreement with Exalo Drilling S.A. for the workover of three onshore wells on Songo Songo Island, commencing in September 2021. The 2021 workover program, which will see the wells recompleted with corrosion resistant chrome tubing, will return two wells to production and ensure the third well can continue to produce safely. The 2021 workover program, estimated at a gross cost of $21.4 million, will increase the production potential from the world class Songo Songo reservoir and ensure the Company remains the leading gas supplier in Tanzania. The Company supplies gas to over 40 industrial customers in Dar es Salaam and is responsible for the production of approximately 60% of gas generated power in the country.
APRN

Hot Stocks

08:16 EDT Blue Apron reaffirms second half revenue guidance - Blue Apron provided an outlook for certain financial metrics, reflecting certain assumptions regarding the business, including the execution of the company's strategic growth initiatives, planned investment increases in marketing initiatives, and ongoing operational improvements. The guidance also assumes that the company will not experience any unforeseen significant disruptions in its fulfillment operations or supply chain. Blue Apron continues to expect to generate high single-digit to low double-digit net revenue growth for the FY21 compared to 2020, with the expectation that the second half of 2021 will reflect growth over the second half of 2020. The company also continues to expect that it will generate positive annual adjusted EBITDA beginning with FY22.
LUMO ASND

Hot Stocks

08:16 EDT Lumos Pharma announces David Karpf as Chief Medical Officer - Lumos Pharma (LUMO) has announced that endocrinologist and pharma executive, David Karpf, MD, joined the Company August 3, 2021 as its new Chief Medical Officer. David B. Karpf, MD is an academically trained endocrinologist with over 35 years of expertise in all aspects of clinical endocrinology. He is also a biopharmaceutical executive with 30 years of experience in the development of biopharmaceuticals and small molecular weight drugs in the areas of endocrinology, rare diseases, and autoimmune disease, among others. Dr. Karpf is an Adjunct Clinical Professor in the Division of Endocrinology at Stanford University School of Medicine, where he has followed approximately 1600 patients in an endocrinology sub-specialty clinic since 1997. Most recently, Dr. Karpf served as Vice President, Clinical Development for Ascendis Pharma (ASND). There he was responsible for several compounds in clinical development, including TransCon GH, long-acting growth hormone for once weekly treatment of growth hormone deficiency in children.
BZLYF

Hot Stocks

08:16 EDT Beazley appoints Florian Beerli as head, Specialty Risks & US Programs - Beazley has named Florian Beerli as the head of the newly named Specialty Risks & US Programs team. In addition to his new responsibilities, Florian will remain global lead for Product Recall. Within Specialty Risks & US Programs is a suite of products that are niche by nature, and that require wide underwriting and claims expertise in order to navigate the nuances of the industries these policies cover. The product offerings include: Product Recall - claims-made coverage for consumable products, consumer goods, and component parts manufacturers globally. Media Liability - a tailored solution for media-related businesses globally ranging from publishers to broadcasters, bloggers, vloggers, social influencers and authors. Miscellaneous Medical & Life Sciences -professional and general liability insurance for a wide array of US-based healthcare providers. US Specialty Programs - bespoke programs designed for a variety of specialty risk categories for professional and general liability risks in the US.
HEOFF

Hot Stocks

08:14 EDT Piedmont secures nine FRP, coupling orders, enters five distribution agreements - H2O Innovation announced that its Piedmont business line secured new orders for fiber reinforced polyester cartridge filter housings and duplex stainless couplings, totalling $4.0 M. The team also signed five new distribution agreements in Latin America, Over the last quarter of FY2021, Piedmont was awarded the FRP cartridge filter housing and cartridge elements for a large-scale seawater reverse osmosis project in the Middle East with a total production capacity of 119 MGD and another one in Southeast Asia with a capacity of 26 MGD. Furthermore, Piedmont has signed up with five new distributors in Latin America and secured eight containers of flexible couplings and cartridge filter elements for local stock in the Latin American market through its existing and new distributor channels
IBEX

Hot Stocks

08:13 EDT Ibex opens new customer experience delivery center in Pennsylvania - ibex announced the scheduled opening of its new customer experience delivery center in Pittsburgh, PA. Located at 500 Penn Center Blvd., the facility will encompass 33,000 square-feet of space with an anticipated opening date of October 1, 2021. The new delivery center brings more than $3.5M in capital investment to Allegheny County, with an immediate need to fill 400 new positions. ibex currently operates 31 customer experience delivery centers across the United States, Jamaica, Philippines, Nicaragua, Pakistan and Senegal. "We are excited to open our new site here in the greater Pittsburgh region, strengthening our commitment to the city, while bringing hundreds of diverse career opportunities to the area," said Greg Rajchel, executive vice president, commercial and client operations, ibex. "Since 2004, Pittsburgh has been a critical driver of the growth and success ibex is experiencing as a leader in the BPO industry and the CX partner of choice for digital-first Blue Chip and New Economy clients."
PACB

Hot Stocks

08:12 EDT Pacific Biosciences acquires Circulomics, terms not disclosed - Pacific Biosciences of California announced that it acquired Circulomics. "One of our core strategies is to improve the front end of our sequencing workflows. The Nanobind technology that Circulomics has created is already proven in the market and will accelerate our efforts to make sample extraction and library preparation easier for our customers," said Christian Henry, CEO and President at PacBio. "By adding the team to PacBio we will be able to deeply integrate their technology into our workflows which will improve our entire long-read sequencing workflow." HMW DNA ranges from 50 to 300+ kilobases in length - a size for long-read sequencing with PacBio or other long-read sequencing platforms. Circulomics' Nanobind magnetic disks protect DNA from shearing to generate long reads across a broad range of sample types. Their products can be used to sequence a wide range of samples from cells, bacteria, and fungi, to plants, insects, fish, mammals, and reptiles. All customers will continue to receive Circulomics product and support. The financial terms of the deal were not disclosed, and the pro forma financial impact of the acquisition is not expected to be material in 2021.
TSN

Hot Stocks

08:11 EDT Tyson Foods to require COVID-19 vaccinations for U.S. workforce - Tyson Foods is requiring its team members at U.S. office locations to be fully vaccinated by October 1, 2021. All other team members are required to be fully vaccinated by November 1, 2021, subject to ongoing discussions with locations represented by unions. Almost half of Tyson Foods' U.S. workforce has been vaccinated and coronavirus infection rates among team members remain low.
MTOR

Hot Stocks

08:10 EDT Meritor announces equity investment in SEA Electric Holdings - Meritor announced an equity investment in SEA Electric Holdings Pty, a global leader in commercial electric vehicles for urban delivery and logistics. With global headquarters in Los Angeles, SEA Electric currently partners with commercial vehicle OEMs, dealers, operators and upfitters to deliver a range of zero-emissions trucks with remote mount electrification solutions to the medium and heavy-duty commercial vehicle market.
YI

Hot Stocks

08:08 EDT 111 announces cooperation agreement with Suzhou Zelgen Biopharmaceuticals - 111 announced a strategic cooperation agreement with Suzhou Zelgen Biopharmaceuticals, an innovative drug R&D and production company. The agreement will allow 111 and Zelgen to build an innovative out-of-hospital, virtual management platform for liver cancer patients that integrates doctor resources, doctor-patient interaction, convenient access to medicines, and education resources. The platform will assist patients with easy-to-access online doctor consultations that provide medical diagnoses, treatment options, follow-ups, as well as providing information on diseases, medications and therapies.
KNSA

Hot Stocks

08:07 EDT Kiniksa expects cash to fund operating plan into 2023 - Kiniksa expects that its cash, cash equivalents and short-term investments will fund its current operating plan into 2023.
KNSA

Hot Stocks

08:07 EDT Kiniksa sees Q3 ARCALYST net revenue $9M-$10M.
RC

Hot Stocks

08:07 EDT Ready Capital acquires Red Stone, terms not disclosed - Ready Capital announced its acquisition of Red Stone and its affiliates. Red Stone is a real estate finance and investment company that provides innovative financial products and services to the multifamily affordable housing industry. Red Stone's management team, led by John Sokolovic, and all employees have joined Ready Capital. Ready Capital acquired the entities through which Red Stone conducts its affordable housing finance business in exchange for cash and stock as well as the assumption of certain Red Stone guarantees of secured indebtedness.
AXDX

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08:07 EDT Accelerate Diagnostics' Accelerate PhenoTest BC kit receives CE mark - Accelerate Diagnostics announced that the new IVD configuration of its Accelerate PhenoTest BC kit has been CE marked and is ready for use in Europe. The new configuration, which launched in the United States in July, provides fast antimicrobial susceptibility testing, or AST, results in approximately 7 hours direct from positive blood cultures and is designed to run on the Accelerate Pheno(R) system as a flexible solution for laboratories that already have a rapid identification system. This is an important new option for the Company's existing Accelerate PhenoTest BC kit, which already had an ID/AST configuration that is a fully integrated solution for labs needing both fast identification and fast AST.
SUN

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08:05 EDT Sunoco LP reaffirms FY21 Adjusted EBITDA view $725M-$765M - Excluding any impact in 2021 from the recently announced acquisitions, the Partnership continues to expect FY21 Adjusted EBITDA of $725M-$765M. SUN expects 2021 fuel volumes of 7.25B-7.75B gallons, fuel margins of 11.0c-12.0c per gallon, and operating expenses of $440M-$450M.
SABR

Hot Stocks

07:59 EDT Sabre is not providing guidance - Given the ongoing magnitude and the uncertainty related to the COVID-19 pandemic and its economic effects, Sabre has not given guidance at this time.
ARCT

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07:58 EDT Arcturus Therapeutics receives approval for CTA from Singapore HSA - Arcturus Therapeutics announced that the company has received approval for a clinical trial application, or CTA, from the Singapore Health Sciences Authority, or HSA, to enable the advancement of two STARR mRNA vaccine candidates into the clinic. The Phase 1/2 clinical trial will evaluate the vaccines both as a primary vaccination series and as a booster following initial vaccination with Comirnaty. The Phase 1/2 trial costs are funded in part from a previously secured grant from Singapore.
DCBO AMZN

Hot Stocks

07:56 EDT Docebo COO Martino Bagini to assume new role, Rudy Valdez to succeed - Docebo (DCBO) announced that Rudy Valdez has joined the company as COO. Valdez brings over 30 years of senior cloud and technology experience to his new role at Docebo. He spent the past 16 years at Amazon Web Services (AMZN), where he helped to establish and build Amazon's cloud computing business, founding the Sales and Business Development function within AWS just prior to its launch in 2006. Concurrent with this announcement, Martino Bagini, Docebo's previous COO, will assume the role of chief corporate development officer. Bagini will be responsible for advancing and managing the execution of Docebo's M&A strategy along with the integration processes to secure the value of those initiatives.
EBIX

Hot Stocks

07:51 EDT EbixCash announces appointment of Sunil Srivastav to board of directors - EbixCash Private Limited, a subsidiary of Ebix, announced the appointment of Sunil Srivastav, as a new independent director to the EbixCash Board. Sunil is a career banker, having retired as Deputy Managing Director of the Corporate Accounts Group at India's largest bank - State Bank of India, after serving the bank for 38 years. Sunil is presently serving as a Senior Advisor to one of India's largest investment banking firms Edelweiss. He is also serving as a Senior Advisor to the World Bank for their Energy and Extractives program in India. Sunil is also an Independent Director on the boards of a number of public companies.
BGNE

Hot Stocks

07:50 EDT BeiGene to build new R&D, manufacturing campus in New Jersey - BeiGene announced its plans to build a new campus for R&D and manufacturing at the Princeton West Innovation Campus in Hopewell, New Jersey. BeiGene has entered into a purchase agreement to acquire an approximately 42-acre site with over 1M square feet of developable real estate, to build a state-of-the-art facility that is expected to include commercial-stage biologic pharmaceutical manufacturing, clinical R&D, and the BeiGene Center for Pharmacovigilance Innovation. BeiGene intends to recruit hundreds of new hires from the area's deep talent pool to support its continued growth and its commitment to producing life-saving oncology medicines. Development of the planned campus is subject to closing of the purchase agreement and approval of the development plan, with construction expected to be completed in mid-2023. In the interim, BeiGene plans to rent space nearby and begin to hire immediately. BeiGene has entered into a purchase and sale agreement to acquire the Hopewell property from Lincoln Equities Group. Closing is expected in Q3, subject to completion of due diligence and satisfaction of customary closing conditions. The development plan for the site is also subject to approval by the Hopewell Township Planning Board.
HSSHF

Hot Stocks

07:50 EDT Digihost Technology produces 51.28 BTC during July - Digihost Technology provides unaudited Bitcoin production updates for July 2021. Corporate Highlights for July 31, 2021: Produced 51.28 BTC during the month, increasing total holdings to 402.1 BTC representing a fair market value of approximately $16.7 million as at July 31, 2021. Total Ethereum holdings of 563.89 ETH representing a fair market value of approximately $1.4 million as at July 31, 2021. Total digital asset inventory value consisting of BTC and ETH of approximately $18.1 million at the end of July. Cash on hand at July 31st was approximately $18.8 million, and total cash and digital asset holdings was approximately $36.9 million. Year-to-date investment in infrastructure pertaining to core business operations of approximately $23.5 million. Bitcoin Mining Update: For the seven-month period ended July 31, 2021, the Company's mining fleet produced 266.51 BTC. Michel Amar, the Company's CEO, stated: "We are extremely pleased by the tremendous growth in our mining operations, illustrated by the substantial increase in bitcoins mined on both a month-over-month and year-over-year perspective. The fact that these bitcoins are being mined from an operational hub in which over 90% of the energy consumed is from zero carbon emission sources and more than 50% of the energy consumed is generated from renewable sources is a great source of pride for the Company, as we strive to maintain our focus on being an industry leading ESG company and on achieving the objectives of our DigiGreen initiative. We are steadfast in our intent to be an ESG leader in the cryptocurrency mining space and in continuing being one of the cleanest green bitcoin mining operations in the United States."
IRWD

Hot Stocks

07:50 EDT Ironwood names John Minardo chief legal officer - Ironwood Pharmaceuticals announced the appointment of John Minardo as senior vice president, chief legal officer. Mr. Minardo will become a member of Ironwood's Leadership Team and oversee the company's Corporate Legal, Compliance and IP teams. He will report to Thomas McCourt, chief executive officer of Ironwood. Mr. McCourt commented, "John's deep legal experience and proven track record, in particular his experience at highly focused healthcare companies, arm him with invaluable expertise that will strongly benefit Ironwood by helping accelerate our business priorities and reinforce our efforts to make a difference for people living with GI diseases."
ASH

Hot Stocks

07:48 EDT Ashland announces offering of senior notes by Ashland LLC - Ashland Global Holdings announced the intention of its indirect, wholly owned subsidiary Ashland LLC to offer $450M aggregate principal amount of senior notes. The Notes will be senior unsecured obligations of Ashland LLC. The Notes will initially be guaranteed on an unsecured basis by Ashland Global Holdings. Ashland intends to use the net proceeds of the offering to redeem its obligations under its outstanding 4.750 percent senior notes due 2022, and to pay any premiums, penalties, fees and expenses associated therewith, with any remaining net proceeds to be held as cash on the balance sheet and used for general corporate purposes, which may include working capital and capital expenditures and repayment of indebtedness.
SRRK

Hot Stocks

07:48 EDT Scholar Rock announces CEO Tony Kingsley departs company - Scholar Rock announced that CEO Tony Kingsley has departed Scholar Rock and has also stepped down from the Board of Directors. Nagesh Mahanthappa, Ph.D., the founder and former chief executive of Scholar Rock has been appointed Interim CEO until a successor is named. Scholar Rock's Board of Directors has initiated a search for a permanent CEO. "We have great confidence in Scholar Rock's ability to continue to execute on its operating plans and believe Nagesh's extensive experience, and deep knowledge of Scholar Rock's innovative science and clinical programs, will ensure a smooth transition of leadership. The Company remains well positioned to further our robust pipeline, including the upcoming Phase 3 trial for apitegromab in spinal muscular atrophy and the DRAGON Phase 1 trial for SRK-181," said David Hallal, Chairman of the Scholar Rock Board of Directors. "We look forward to working closely with Nagesh and the rest of the executive team to identify a high-caliber, strategic executive with broad expertise from research through commercialization to lead the Company to the next level."
MEDXF

Hot Stocks

07:47 EDT Medexus: FDA says Treosulfan NDA cannot be approved in present form - Medexus Pharmaceuticals and medac GmbH announced that medac, Medexus' licensor for treosulfan, has received a Complete Response Letter from the Food and Drug Administration in response to its New Drug Application for treosulfan. As previously disclosed, the NDA was submitted for use of treosulfan in combination with fludarabine as a preparative regimen for allogeneic hematopoietic stem cell transplantation, and both Medexus and medac had been optimistic that a positive decision from the FDA in connection with a planned Prescription Drug User Fee Act date on August 11th would allow for a commercial launch of treosulfan in U.S. later this year. However, as expressed in the CRL, the FDA has determined that it cannot approve the NDA in its present form and has provided recommendations specific to additional clinical/statistical data and analyses pertaining to the primary and secondary endpoints of the completed pivotal Phase III study. Medexus and medac are reviewing the letter to determine the appropriate course of action. Medexus and medac will work closely with the FDA to understand and address their comments.
CAN

Hot Stocks

07:47 EDT Canaan receives order from Hive for 4,000 bitcoin mining machines - Canaan announced that it has received from HIVE Blockchain Technologies a purchase order for 4,000 bitcoin mining machines with an aggregate operating hash power of 272 Petahash per second, or PH/s. According to the terms of the Order, the Company will deliver the mining machines in two tranches over the next 60 days, including 2,000 machines in August and 2,000 machines in September.
VVV

Hot Stocks

07:47 EDT Valvoline acquires six franchise-owned service centers in Kentucky - Valvoline announced that it has signed a definitive agreement with its franchisee Phoenix 27, LLC to acquire six franchise-owned Valvoline Instant Oil Change quick-lube service centers located in Kentucky. The acquisition is expected to close during the fourth quarter. Financial terms for the acquisition were not disclosed.
SYN

Hot Stocks

07:46 EDT Synthetic Biologics expands agreement with Massachusetts General Hospital - Synthetic Biologics announced an amendment to the Company's option for an exclusive license with Massachusetts General Hospital, or MGH, to include intellectual property, or IP, and technology related to the use of SYN-020 intestinal alkaline phosphatase, or IAP, the Company's proprietary recombinant version of bovine IAP, to inhibit liver fibrosis in select diseases, including nonalcoholic fatty liver disease, or NAFLD. Synthetic Biologics previously announced an option agreement with MGH to negotiate an exclusive license to IP and technology for the use of SYN-020 to prevent and treat metabolic and inflammatory diseases associated with aging. The option agreement has now been expanded to include technology developed by MGH to use SYN-020 to inhibit liver fibrosis in select diseases, including NAFLD. If executed, the license agreement would further strengthen the SYN-020 portfolio and build upon the Company's intention to pursue SYN-020 for the treatment of NAFLD, and, in particular, to slow the course of fibrosis associated with progressive disease. Under the terms of the amended agreement, Synthetic Biologics is granted an option to negotiate an exclusive worldwide license with MGH to commercially develop SYN-020 to treat and prevent metabolic and inflammatory diseases associated with aging and fibrosis of the liver.
VEEV

Hot Stocks

07:44 EDT Veeva acquires Learnaboutgmp, terms not disclosed - Veeva Systems announced that it has acquired Learnaboutgmp, a provider of accredited GxP training for life sciences. With more than 170 course titles and over 450 microlearning assets, Learnaboutgmp delivers a comprehensive eLearning library to help organizations develop high-impact learning programs that reduce cost and improve training outcomes. Learnaboutgmp will remain headquartered in Ireland and continue operations in the United States. The company will operate as an independent business unit under its founder and CEO, Graham O'Keeffe.
RMGB

Hot Stocks

07:44 EDT Renew Power signs MoU with RackBank Datacenters - ReNew Power, India's leading renewable energy company, announced the signing of a Memorandum of Understanding, or MoU, with RackBank Datacenters. RackBank is a data center platform providing data center services including but not limited to dedicated servers, managed servers and colocation services. ReNew will supply power generated from renewable sources to RackBank's hyper-scale data center in India after a Power Purchase Agreement is signed with RackBank. As laid out in the MoU, ReNew will construct, co-own, and operate a hybrid power generation facility specifically to supply power to RackBank's data center. RackBank would purchase green power generated from this facility directly from ReNew, through the "Open Access" mechanism. The MoU also provides for offsetting of non-renewable power consumed by RackBank's data center through green credits purchased from ReNew, ensuring that the data center operates on a completely net-zero emissions basis. This project will be carried out and managed by ReNew Green Solutions, ReNew Power's business-to-business arm, which serves ReNew's growing list of leading industrial and commercial customers, and will lead to the creation of India's first green data center. ReNew Energy Global Plc has entered into a definitive agreement for a business combination with RMG Acquisition Corporation II.
GTBP

Hot Stocks

07:43 EDT GT Biopharma reports 'positive' results for GTB-5550 - GT Biopharma announced preclinical results for GTB-5550, its B7H3 TriKE product candidate as a prospective therapy for the treatment of several different types of cancers. GTB-5550 TriKE was evaluated in several preclinical models overexpressing B7H3, and was found to be effective at promoting NK cell killing of multiple cancer cell types. B7H3 is over-expressed on several cancer types including non-small cell lung cancer, squamous cell carcinoma, and breast, renal, pancreatic, ovarian, liver and colorectal cancers. GTB-5550 TriKE is presently undergoing GMP manufacturing scale-up in preparation for filing an Investigational New Drug application with the U.S. FDA for evaluation in humans.
MINM

Hot Stocks

07:42 EDT Minim expands U.S. footprint with new retailers launching its products - Minim announced a significant expansion of its U.S. retail footprint. Starting today and throughout the summer, Motorola home networking products are launching in Home Shopping Network, The Home Depot, Lowe's, Sam's Club, and BJ's Wholesale Club. These additional top-tier retailers join Amazon, Best Buy, B&H, Micro Center, Newegg, Staples, Target, and Walmart in carrying advanced Motorola home networking products. "The company's expansion into new channels nearly six months after completing a significant merger transaction is impressive, and the company is finding a ready market for its smart and secure networking solutions," saidJennifer Kent, VP Research at industry analyst firm Parks Associates. "Heightened demand on home networks from new work, school, and entertainment patterns illustrate the limitations of legacy equipment, and consumers are now in the market to upgrade their networks."
EQX

Hot Stocks

07:41 EDT Equinox Gold reports removal of blockade at Los Filos Mine in Mexico - Equinox Gold reported that the community blockade at the Company's Los Filos Mine in Mexico has been removed and the Company has resumed regular operations in all areas of the mine.
TNMCF

Hot Stocks

07:40 EDT Titan Mining fixes $1.35/lb zinc price for 50% of 2H21 forecasted production - Titan Mining Corporation announced that it has entered into a fixed zinc pricing arrangement pursuant to its existing offtake agreement with an affiliate of Glencore plc for approximately 50% of the Company's forecasted zinc production for the second half of 2021. The arrangement is for a six-month period covering July 2021 to December 2021 at a price of $1.35 per pound of zinc.
NCNO STBA

Hot Stocks

07:40 EDT nCino announces S&T Bank no live on nCino Bank Operating System - nCino (NCNO) announced that S&T Bank (STBA) is now live on the nCino Bank Operating System. With a footprint spanning Pennsylvania, Ohio and New York, the community bank selected and adopted nCino to streamline processes, advance their digital strategy and better serve their business clients. S&T is now also live on nCino's Treasury Management Sales and Onboarding Solution. "By choosing to leverage nCino, S&T Bank is able to digitize, automate and streamline inefficient and complex processes and workflow, much of which was previously done manually. S&T is also able to digitally serve their clients across multiple products and channels, providing enhanced communication, delivering an improved client experience and expediting the speed to funding process for their commercial, treasury and small business clients. This unified digital relationship between S&T and its clients will empower the financial institution to be more efficient and effective, while also collecting more data driven, real-time insights into their business performance, which will allow the bank to better measure and manage their operations, as well as increase opportunities to grow wallet share," the company said.
LIND

Hot Stocks

07:39 EDT Lindblad Expeditions is not providing FY21 guidance - The COVID-19 pandemic has had, and will continue to have, a significant impact on the Company's financial position and results of operation. Given the continued uncertainty around the COVID-19 pandemic, the Company is not providing a full year outlook regarding results of operations at this time and will update its expectations when it has more clarity around the timing of and extent of future operations.
OSIIF

Hot Stocks

07:39 EDT Osino Resources upgraded to OTCQX Best Market - Osino Resources announced that it has qualified to trade on the OTCQX Best Market. The Company upgraded to OTCQX from the OTCQB Venture Market.
LB...

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07:38 EDT Bath & Body Works completes separation from Victoria's Secret - Bath & Body Works announced that it has completed the previously announced separation of its Victoria's Secret business into an independent, publicly traded company. The new company, named Victoria's Secret & Co., includes Victoria's Secret Lingerie, PINK and Victoria's Secret Beauty. Victoria's Secret common stock will begin regular-way trading today on the New York Stock Exchange under the ticker symbol "VSCO". Bath & Body Works common stock will start trading today under the new ticker symbol "BBWI". The separation was achieved through the distribution of 100 percent of the shares of Victoria's Secret to holders of Bath & Body Works common stock after the market close on August 2, 2021, with Bath & Body Works stockholders receiving one share of Victoria's Secret common stock for every three shares of Bath & Body Works common stock held at the close of business on the record date of July 22, 2021. Bath & Body Works stockholders entitled to receive the distribution received a book-entry account statement or a credit to their brokerage account reflecting their ownership of Victoria's Secret common stock. Fractional shares of Victoria's Secret common stock were not distributed. Any fractional share of Victoria's Secret common stock otherwise issuable to a Bath & Body Works stockholder will be sold in the open market on such stockholder's behalf, and such stockholder will receive a cash payment for the fractional share based on its pro rata portion of the net cash proceeds from all sales of fractional shares.
OPGN

Hot Stocks

07:37 EDT OpGen achieves development milestone in Unyvero A30 RQ platform program - OpGen announced that its subsidiary Curetis GmbH and its instrument development and engineering partner have assembled 10 final pre-series release analyzer instruments of the Unyvero A30 RQ platform. The assembly of the instruments marks the successful completion of a major development milestone in the Unyvero A30 program. The A30 RQ analyzers will now proceed into final verification and validation testing. The Unyvero A30 RQ platform is designed to deliver rapid and multiplexed testing results in a fully automated sample-to-answer manner from a wide range of native clinical specimen types. Results from simple samples such as swabs or other simple fluids could be available in under 30 minutes, and results from more complex native specimen might take between 45 to 90 minutes depending on assay specifics. OpGen is evaluating a portfolio of potential future product development programs on the Unyvero A30 RQ platform, including rapid tests for pathogen identification for viruses, bacteria and fungi and a broad range of antimicrobial resistance or AMR marker panels. Furthermore, the Unyvero A30 RQ platform can be made available to third party development and commercialization partners and licensees for their own assay menu and product portfolio. The Unyvero A30 RQ platform is designed to allow straightforward migration of third party assays using well-established real time PCR technology. Discussions are ongoing at this time with several potential platform partners on various content and licensing or partnering scopes.
VSCO LB

Hot Stocks

07:36 EDT Victoria's Secret completes separation from Bath & Body Works - Victoria's Secret & Co. announced that it has completed its previously announced separation from Bath & Body Works and is now an independent, publicly traded company. Victoria's Secret includes Victoria's Secret Lingerie, PINK and Victoria's Secret Beauty. Victoria's Secret shares will begin trading today on the New York Stock Exchange under the ticker symbol "VSCO." The separation was achieved through the distribution of 100 percent of the shares of Victoria's Secret to holders of Bath & Body Works common stock after the market close on August 2, 2021, with Bath & Body Works stockholders receiving one share of Victoria's Secret common stock for every three shares of Bath & Body Works common stock held at the close of business on the record date of July 22, 2021. Bath & Body Works stockholders entitled to receive the distribution received a book-entry account statement or a credit to their brokerage account reflecting their ownership of Victoria's Secret common stock. Fractional shares of Victoria's Secret common stock were not distributed. Any fractional share of Victoria's Secret common stock otherwise issuable to a Bath & Body Works stockholder will be sold in the open market on such stockholder's behalf, and such stockholder will receive a cash payment for the fractional share based on its pro rata portion of the net cash proceeds from all sales of fractional shares.
CME

Hot Stocks

07:36 EDT CME Group reports July average daily volume of 17.1M contracts - CME Group reported July market statistics, including average daily volume of 17.1M contracts during the month.
SYBT

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07:34 EDT Stock Yards Bancorp, Commonwealth Bancshares to merge in $153M transaction - Stock Yards Bancorp announced the signing of a definitive agreement for Stock Yards to acquire Commonwealth Bancshares, the parent company of Commonwealth Bank & Trust. The combined stock and cash transaction is expected to close during the fourth quarter of 2021, subject to approval of Commonwealth shareholders and completion of customary regulatory approval and closing conditions. Management will host a conference call and webcast today at 11:00 a.m. to discuss the proposed merger. Commonwealth, headquartered in Louisville, Kentucky, operates 16 total retail branches including 10 branches in Jefferson County, four in Shelby County and two in Northern Kentucky. As of June 30, 2021, Commonwealth reported approximately $1.3 billion in assets, $733 million in loans, $1.1 billion in deposits and $86 million in tangible common equity. Commonwealth also maintains a Wealth Management and Trust Department with total assets under management of $2.6 billion at June 30, 2021. The combined franchise will serve customers through 79 branches with total assets of approximately $7.4 billion, $4.9 billion in gross loans, $6.4 billion in deposits and $7.0 billion in trust assets under management. Under the terms of the merger agreement, Commonwealth shareholders will have the right to receive 0.9267 shares of Stock Yards common stock and $11.20 in cash for each share of Commonwealth common stock with total consideration to consist of approximately 80% stock and 20% cash. Based upon the closing price of Stock Yards common stock of $47.64 on July 30, 2021, the implied per share purchase price is $55.35, with an aggregate transaction value of approximately $153 million. First full year earnings per share accretion is estimated at approximately 12% and the tangible book value per share dilution is expected to be earned back in less than two years under the crossover method including Current Expected Credit Loss "Day 2" accounting treatment. In addition, Laura Wells, who currently serves on Commonwealth's Board of Directors, will be added to the Stock Yards Board following completion of the transaction.
INCY

Hot Stocks

07:34 EDT Incyte narrows FY21 Jakafi revenue view to $2.13B-$2.17B from $2.13B-$2.2B - The company said, "Incyte is tightening its full year 2021 guidance for Jakafi net product revenues to reflect the impact of higher than anticipated government rebates and chargebacks and the new PDUFA date for ruxolitinib for the treatment of steroid-refractory chronic GVHD and is revising upward the range for other Hematology/Oncology net product revenues based on the performance of Pemazyre in the first half of 2021. In addition, the Company is reducing the range for selling, general and administrative expense to reflect lower expenses for ruxolitinib cream as a treatment for atopic dermatitis in the U.S. based on the PDUFA date extension to September 21, 2021. Guidance does not include revenue from any potential new product launches or the impact of any potential future strategic transactions."
ATI

Hot Stocks

07:33 EDT Allegheny Technologies anticipates a recovery in jet engine market during Q3 - "Looking forward to the Q3, we anticipate continued recovery in our jet engine market driven by increasing narrow body aircraft production rates as well as ongoing strength in our energy and electronics end markets" said Robert S. Wetherbee, Board Chair, President and CEO. "While we expect lingering effects on the SRP business, production will ramp back toward pre-strike levels across the balance of the Q3. Despite this near term-headwind, the ongoing global economic recovery is gradually expanding and providing optimism for our most impactful end markets."
MAIN

Hot Stocks

07:29 EDT Main Street increases dividend 2.4% to 21c - Main Street Capital announced that its Board of Directors declared regular monthly cash dividends of 21c per share for each of October, November and December. These monthly dividends, which will be payable pursuant to the table below, total 63c per share for the Q4 and represent a 2.4% increase from the regular monthly dividends declared for the Q3 and the Q4 of FY20. Including all dividends declared to date, Main Street will have paid $32.075 per share in cumulative cash dividends since its October 2007 initial public offering at $15.00 per share.
QNTA

Hot Stocks

07:27 EDT Medolife Rx launches pharmacokinetic study on Escozine - Medolife Rx, which is a majority owned subsidiary of Quanta, announced that it has launched a pharmacokinetic study on its lead drug candidate Escozine. The study aims to provide the basis for determining the drug's exposures in the body. This is part of the latest round of information requested by the United States Food and Drug Administration for its Pre-Investigational New Drug filing on Escozine as a potential therapeutic for the SARS-CoV-2 virus. The company is performing a PK and a biodistribution study of Escozine in rodents, which is being conducted by a laboratory in the United Kingdom. They are part of the requirements outlined by the FDA as next steps for the Company's pre-IND application. "An additional PK study is the next step in our FDA IND submission process and an important one as it will provide us with the data needed to formulate therapeutic dosing that we will use in our eventual human trials," said Medolife CEO Dr. Arthur Mikaelian. "Escozine has been shown to be effective in all of the pre-clinical proof-of-concept trials we have completed and successful completion of this study will propel the program forward into Phase II clinical trials. We decided to work with a renowned research partner as they are experts in this type of study and will be able to expedite the results so we can continue on with our next steps in the clinical program on Escozine. We are extremely confident in Escozine and its effectiveness and look forward to reviewing this data and using it to outline our next trial."
VNDA

Hot Stocks

07:27 EDT Vanda Pharma closes enrollment in ODYSSEY study - Vanda Pharmaceuticals announced that enrollment has closed in the ODYSSEY study comparing tradipitant and placebo in hospitalized COVID-19 pneumonia patients. Enrollment was closed because the study met the pre-defined futility criteria, indicating that the study was unlikely to succeed in its pre-specified primary endpoint. The study was designed to determine whether tradipitant plus standard of care is superior to placebo plus standard of care in treating hospitalized patients with COVID-19 pneumonia who required supplemental oxygen support. The primary endpoint of the study is the difference between treatment and placebo on time to 2-point improvement on a 7-point ordinal scale. Treatment duration was 14 days and evaluation for the primary endpoint was at Day 28. Additional secondary endpoints include other changes in clinical and laboratory status.
TLMD

Hot Stocks

07:26 EDT SOC Telemed expands partnership with UnityPoint Health - SOC Telemed announced an expansion of its partnership with UnityPoint Health from three hospitals to an additional four hospitals across two markets. Based on the success over the past three years working with SOC Telemed, UnityPoint Health is expanding its telePsychiatry services, adding the Telemed IQ telemedicine platform and SOC-provided psychiatrists to four additional hospitals. In Des Moines, Iowa, additional hospitals include Iowa Methodist Medical, Iowa Lutheran Hospital and Methodist West Hospital. In Cedar Rapids, Iowa, it includes St. Luke's Hospital. SOC Telemed will go live with telePsychiatry services for UnityPoint Health in the second half of 2021 in both markets.
LAD

Hot Stocks

07:26 EDT Lithia Motors names Marguerite Celeste as Chief Marketing Officer - LAD has brought Marguerite Celeste onboard as its new Senior Vice President and Chief Marketing Officer. Celeste is an alum of NBC Universal, DreamWorks Animation, The Walt Disney Company, and Lithia Motors. From 2011 to 2013, she served as LAD's Director of Creative Services.
GOLD

Hot Stocks

07:25 EDT Barrick Gold's Pueblo Viejo expansion project advances - Barrick Pueblo Viejo and its key stakeholders have agreed on independent government-led oversight of the strategic environmental and social impact assessment studies for the new tailings storage facility. This facility, which forms part of an expansion project that will require an initial new investment by Pueblo Viejo of $1.3B, is key to the mine continuing to operate beyond 2021 and could extend the Tier One mine's life to beyond 2040, supporting annual production in excess of 800,000 ounces. The agreement comes after more than a year of engagement with the communities that could be directly or indirectly affected by the proposed facility and is an important step towards starting fieldwork and advancing the permitting process. The independent investigation will be conducted by a leading international firm of specialists and run in parallel with Barrick's engineering and environmental studies. The studies will ensure that the applicable environmental standards and regulations are complied with, including actions for the protection of surface water and groundwater, biodiversity and cultural heritage.
GILT

Hot Stocks

07:23 EDT Gilat Satellite mobility platform selected by SES in multi-million dollar order - Gilat Satellite announced that it has been awarded a multi-million-dollar order by SES for its global mobility platform. This agreement solidifies Gilat's maritime leadership with initial services to cruise lines and maritime service providers who will be able to access satellite-enabled services delivered by SES's O3b mPOWER and geostationary fleet through Gilat's multi-orbit platform. "Gilat's next-generation platform is optimized to provide the required multi-orbit, multi-band service to address the high throughput needs of ships, planes and land mobility terminals anywhere on earth. This network expansion will position Gilat's VSAT platform at over a dozen gateways to form a resilient multi-orbit and secure global network and enable superb passenger wi-fi experience," the company said. Gilat's Aquarius Pro VSATs will provide multi-gigabyte services, utilizing O3B mPOWER constellation and other SES GEO satellite assets including SES-17.
HIG

Hot Stocks

07:23 EDT Hartford Financial names Claire Burns chief marketing and communications officer - The Hartford has appointed Claire Burns chief marketing and communications officer effective Sept. 1. Burns will report directly to Chairman and CEO Christopher Swift. She succeeds Kathleen Bromage, who is currently chief marketing and communications officer and head of the company's Hartford Next transformation initiative. Bromage will remain in an advisory role and continue to oversee Hartford Next through the end of the year. Most recently, Burns served as chief marketing officer for Prudential International.
BCRX

Hot Stocks

07:22 EDT BioCryst reports inducement grants under Nasdaq listing rule - BioCryst Pharmaceuticals announced that the compensation committee of BioCryst's board of directors granted 12 newly-hired employees inducement options to purchase an aggregate of 222,500 shares of BioCryst common stock on July 30, 2021 as inducements material to each employee entering into employment with BioCryst. The options were granted in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $16.12 per share, which is equal to the closing price of BioCryst common stock on the grant date. The options vest in four equal annual installments beginning on the one-year anniversary of the grant date, in each case subject to the new employee's continued service with the company. Each stock option has a 10-year term and is subject to the terms and conditions of BioCryst's Inducement Equity Incentive Plan and a stock option agreement covering the grant.
DSKE

Hot Stocks

07:22 EDT Daseke names Jonathan Shepko as Chief Executive Officer - Daseke announced that its Board of Directors has appointed Jonathan Shepko as permanent Chief Executive Officer, effective immediately. Shepko had formerly served as interim Chief Executive Officer since January 2021, in addition to serving Daseke as a director since 2017, and a board observer since 2014. Jonathan Shepko has served as Interim CEO of Daseke since January 2021 and as a member of the Board since February 2017. Shepko is a Co-founder and Managing Partner of Stonehollow Capital Partners, which makes direct equity investments in private companies across the United States.
MBXBF

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07:22 EDT Microbix Biosystems qualified to trade on OTCQX Best Market - Microbix Biosystems announces that it has undertaken two actions to improve its profile with United States based investors and to improve its trading liquidity in that market; effective today, achieving qualification to trade on the OTCQX(R) Best Market under the symbol MBXBF, and engaged the California-based firm Torrey Hills Capital for U.S. directed investor relations services. Currently, the majority of trading in Microbix shares is taking place on Canadian stock exchanges, with three-month average daily volume of about 200,000. In contrast, average daily volume over the past three-months on the prior OTCQB market was under 20,000. Microbix believes that improving its profile via this upgrade to the OTCQX alongside active outreach to potential U.S. investors should improve overall corporate visibility and trading liquidity. Torrey Hills Capital has been mandated with a twelve-month engagement and is being compensated with cash and options.
CLVT

Hot Stocks

07:21 EDT Clarivate announces up to $250M share repurchase plan - Clarivate announced that its board of directors has approved the purchase of up to $250M of the company's ordinary shares through open-market purchases, to be executed through October 31. The company expects to fund the purchases with existing cash balances.
RYTM

Hot Stocks

07:20 EDT Rhythm Pharmaceuticals expects cash to fund operations into at least 2H23 - Based on its current operating plans, Rhythm expects that its existing cash, cash equivalents and short-term investments as of June 30, 2021, will be sufficient to fund its operating expenses and capital expenditure requirements into at least the second half of 2023.
RYTM

Hot Stocks

07:20 EDT Rhythm Pharmaceuticals announces 2021 anticipated milestones - Rhythm expects to achieve the following milestones in 2021: Regulatory Milestones: Complete regulatory submissions to both the FDA and the EMA seeking marketing authorization for setmelanotide for the treatment of obesity in patients with BBS and Alstrom syndrome in the second half of 2021. Additional Clinical Milestones: Present full data from the pivotal Phase 3 trial evaluating setmelanotide in BBS and Alstrom syndrome at the 59th Annual European Society for Paediatric Endocrinology Meeting in September 2021, following topline data presentations in March and April; Rhythm now anticipates announcing new topline data from the ongoing exploratory Phase 2 Basket Study evaluating setmelanotide in patients with obesity due to a variant in the MC4 receptor, as well as its study in patients with hypothalamic obesity, in the first quarter of 2022.
RYTM

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07:19 EDT Rhythm Pharmaceuticals expects to initiate five trials of setmelanotide in 2H21 - Rhythm Pharmaceuticals announced a significant expansion of its clinical development program for setmelanotide with five new planned Phase 2 and 3 clinical trials. Rhythm will review these updates on its second quarter 2021 financial results and business update conference call today at 8 a.m. ET. New trials include the pivotal EMANATE Phase 3 trial and the DAYBREAK Phase 2 trial, which together will evaluate setmelanotide in people with variants in one of 36 genes in the melanocortin-4 receptor pathway. Based on genetic sequencing data and setmelanotide response rates achieved in a phase 2 trial, Rhythm estimates that the five genetic indications being studied in the EMANATE trial represent a potential addressable patient population of approximately 100,000-200,000 people in the United States. In addition, Rhythm plans to initiate a Phase 3 trial in pediatric patients ages 2 to 6 years old, as these genetic diseases often present with severe obesity very early in life. The weekly formulation of setmelanotide, which is designed to improve compliance and adherence, will be studied in two phase 3 trials, including a switch study of patients currently on setmelanotide therapy and a de novo trial in patients with BBS. The company expects to initiate all five studies in the second half of 2021. Rhythm has reached agreement with the U.S. Food and Drug Administration and European Medicines Agency on the clinical design and primary endpoint of its pivotal Phase 3 EMANATE trial of setmelanotide. The trial will be a randomized, double-blind, placebo-controlled study with five independent sub-studies evaluating setmelanotide in patients with: a variant in one of two alleles in the proopiomelanocortin or proprotein convertase subtilisin/kexin type 1 genes; leptin receptor genes; certain variants of the SRC1; certain variants of SH2B1 genes; or PCSK1 N221D deletions within the MC4R pathway. Each sub-study will be entirely independent of the others and, if successful, is designed to allow Rhythm to submit separate regulatory submissions to the FDA and EMA. The company plans to enroll 110 patients in each sub-study, randomized one to one to daily setmelanotide or placebo. The trial will enroll patients from six to 65 years old with a body mass index of greater than 30 or above the 95th percentile. The primary efficacy endpoint in each sub-study will be the mean percent change in BMI in response to setmelanotide at 52 weeks as compared to placebo. Secondary endpoints will include responder analyses, assessment of the change in hunger scores, and changes in quality-of-life measures. Rhythm also announced the final design of its Phase 2 DAYBREAK trial of setmelanotide. The trial will be a two-stage, placebo-controlled study in patients with specific variants within one of 31 genes which the Company believes have "strong" or "very strong" relevance to the MC4R pathway. The company plans to enroll 500 patients in the first stage of the study and to advance approximately 130 patients into the second stage of the study. The first stage of the study will consist of a 16-week open-label run-in; patients 18 years or older who achieve 5 percent weight loss from baseline, or patients under 18 years who achieve a BMI-Z score decrease of at least 0.1 from baseline during this period will be eligible for enrollment in the second stage of the study. Stage 2 will be a 24-week, double-blind, placebo-controlled, randomized, withdrawal study, in which patients will be randomized 2:1 to receive setmelanotide or placebo. For the more prevalent genes, patients will be stratified by variant classification. The primary efficacy endpoint is a responder analysis by gene, based on the proportion of patients who enter Stage 2 who are responders compared to placebo. Rhythm expects to conduct EMANATE and DAYBREAK at approximately 75 sites across North America, Europe and the Middle East. In order to facilitate patient enrollment, Rhythm launched in July 2021 an improved Uncovering Rare Obesity genetic test with an expanded panel. This no-charge genetic testing program now includes 80 genes with ties to obesity, including the 36 genes with documented ties to the MC4R pathway that are being evaluated in EMANATE and DAYBREAK. To date, URO has processed approximately 10,000 patient samples and the yield has been consistent with prior reports. As of August 2021 and since URO was first launched, Rhythm has identified approximately 650 patients who would be eligible for EMANATE or DAYBREAK and who live within a reasonable distance of a target trial site. In addition to an expanded gene panel, Rhythm recently enhanced the program to facilitate test ordering and results reporting, with support for interpretation of results. Rhythm's Phase 3 trial in pediatric patients ages 2 to 6 years old will be a multi-center, one-year, open-label trial. The company plans to enroll 10 patients, including five with obesity due to biallelic POMC, PCSK1 or LEPR deficiency and five patients with the clinical diagnosis of Bardet-Biedl syndrome and genetic confirmation. All patients enrolled in the trial will have a BMI greater than the 97th percentile and will weigh more than 20 kg at baseline. The primary efficacy endpoint will be a responder analysis, based on the proportion of patients who experience a decrease from baseline in BMI-Z of greater than or equal to0.2. Rhythm will evaluate its weekly formulation of setmelanotide in two simultaneous Phase 3 trials, including a switch study and a de novo trial. The switch study will be a randomized, double-blind clinical trial in patients with BBS, biallelic or heterozygous POMC, PCSK1 or LEPR deficiency. Rhythm expects to enroll 30 patients, randomized 1:1 to receive once weekly setmelanotide and once daily placebo, or once daily setmelanotide and once weekly placebo for 13 weeks. Following the 13-week randomized treatment period, the trial will crossover to an open-label, 13-week study in which all patients will receive once-weekly setmelanotide. The primary efficacy endpoint will be a responder analysis, based on the proportion of patients with no weight gain defined as a change of 5 percent or less from baseline to week 13. The de novo trial will be a randomized, double-blind clinical trial in patients with BBS. The company expects to enroll 20 patients, randomized 1:1 to receive 30 mg of setmelanotide or placebo once weekly for 18 weeks. Following the 18-week treatment period, patients will continue on treatment, or crossover from placebo to active therapy, for an additional 14 weeks. The primary efficacy endpoint will be the mean change from baseline in body weight after approximately 18 weeks of once weekly dosing.
NVS

Hot Stocks

07:16 EDT Novartis announces lift of partial clinical trial hold on intrathecal OAV-101 - Novartis announced that the U.S. Food and Drug Administration has determined that OAV-101 intrathecal clinical trials for spinal muscular atrophy, or SMA, patients may proceed, thereby lifting the partial clinical trial hold initiated in October 2019. The decision to lift the hold was based on data from Novartis' comprehensive nonclinical toxicology study in non-human primates that addressed all issues identified, including questions of dorsal root ganglia injury following IT administration, the company said. Novartis added: "Following this decision and input from the FDA and European Medicines Agency, Novartis now plans to initiate STEER, a global pivotal Phase 3 registration-enabling study to evaluate the clinical efficacy, safety, and tolerability of OAV-101 IT in treatment naive patients who are between two and 18 years of age, able to sit, but have never walked. While disease progression is slower in patients with later-onset SMA, there are significant unmet needs." Shephard Mpofu, M.D., SVP, Chief Medical Officer, Novartis Gene Therapies, said, "We are very pleased that our comprehensive nonclinical data package has addressed all issues identified related to DRG toxicity and the FDA has reached the decision that we may proceed with our OAV-101 IT clinical trial program and initiate the STEER trial. We believe that all patients diagnosed with SMA should be able to benefit from the transformative impact of gene therapy and we remain confident that investigational OAV-101 IT is a viable potential treatment path for older patients who often have ongoing unmet needs, and for whom a one-time treatment could be especially compelling."
CECE

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07:14 EDT CECO Environmental announces $5M share repurchase program - CECO Environmental announced that its Board of Directors has authorized a share repurchase program under which CECO may purchase up to $5M of its outstanding common shares through December 31, 2021.
BHC

Hot Stocks

07:12 EDT Bausch Health announces intentions to pursue IPO of Solta Medical business - Bausch Health announced that it plans to pursue an initial public offering, or IPO, of its Solta Medical business. Solta is a global provider in medical aesthetics with skin rejuvenation and body contouring solutions, including the Thermage RF systems, Fraxel laser, Clear + Brilliant laser and Vaser ultrasonic systems. Pursuing an IPO of the Solta business is intended to enable the company to pay down debt and unlock the value of this business and give Bausch Pharma ownership of a financial asset that would compare to other medical aesthetic companies. The timing of the anticipated IPO, which will be tied to certain conditions and approvals and the company's completion of several actions, is anticipated to occur in Q4 or first half of 2022, subject to market conditions. Solta, which is currently reported as part of the ortho dermatologics segment, had 2020 revenues of $253M and a revenue CAGR of 32%. Scott Hirsch has been appointed chief executive officer of Solta3 by the board of Bausch Health. Hirsch joined Bausch Health in 2016 and currently serves as president, ortho dermatologics and OraPharma and as chief strategy officer. Paul Herendeen will serve as chairman of Solta effective upon the IPO. Herendeen joined Bausch Health as executive vice president and CFO in 2016 and served in that capacity until June when he was appointed advisor to the chairman and CEO. As a publicly traded company, Solta will be domiciled in Canada and is intended to be listed and trade on the Nasdaq stock exchange. "Today we announced our plans to pursue an initial public offering for our Solta Medical business3, which is an important step in the previously announced spinoff of the Bausch + Lomb eye health business, resulting in the creation of three attractive companies: Bausch + Lomb, a pure-play, integrated eye health company; Bausch Pharma2, a global diversified pharmaceuticals business; and Solta Medical, a leading global provider in medical aesthetics. We remain committed to unlocking value across these three attractive businesses as soon as possible," continued Papa.
MAR

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07:10 EDT Marriott sees FY21 investment spending $575M-$625M - Total investment spending includes capital and technology expenditures, loan advances, contract acquisition costs, and other investing activities.
MAR

Hot Stocks

07:09 EDT Marriott reports Q2 comparable systemwide constant dollar RevPAR up 262.6% - Second quarter 2021 comparable systemwide constant dollar RevPAR increased 262.6 percent worldwide, 274.6 percent in the U.S. & Canada, and 223.2 percent in international markets, compared to the 2020 second quarter; Second quarter 2021 comparable systemwide constant dollar RevPAR declined 43.8 percent worldwide, 39.5 percent in the U.S. & Canada, and 55.6 percent in international markets, compared to the 2019 second quarter.
MRVL

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07:08 EDT Marvell to acquire Innovium in $1.1B all-stock transaction - Marvell Technology and Innovium, a provider of networking solutions for cloud and edge data centers, announced a definitive agreement, under which Marvell will acquire Innovium in an all-stock transaction. Under the terms of the definitive agreement, Innovium shareholders will receive $1.1B in consideration consisting of approximately 19.05M shares of Marvell common stock that will be issued in aggregate in exchange for all outstanding equity of Innovium, including shares of Innovium's Preferred and Common Stock, employee equity awards, warrants and other rights of Innovium. The acquisition price of $1.1B is based on Marvell's 10-day VWAP as of July 30, 2021. The acquisition price includes Innovium cash and exercise proceeds expected at closing of approximately $145M, resulting in a net cost to Marvell of $955M. The board of directors of both companies have approved the transaction. The transaction is expected to close by the end of calendar 2021, subject to the satisfaction of customary closing conditions, including approval by Innovium's shareholders and applicable regulatory approvals. Marvell expects the acquisition of Innovium will enable the addition of approximately $150M in incremental revenue next fiscal year. The transaction is expected to be neutral to Marvell's non-GAAP earnings per share in the first full quarter after the transaction closes, and accretive in the first full fiscal year thereafter. "Our acquisition of Innovium and its complementary offerings further extends Marvell's leadership in the cloud, and I am excited that Innovium has secured significant share at a marquee cloud customer. Innovium has established itself as a strong cloud data center merchant switch silicon provider with a proven platform, and we look forward to working with their talented team who have a strong track record in the industry for delivering multiple generations of highly successful products," said Matt Murphy, President and CEO of Marvell.
MYGN

Hot Stocks

07:08 EDT Myriad Genetics provides business transformation updates - In the second quarter, the company remained focused on executing in its core segments, as it announced and/or closed several divestitures, completed its sales force realignment, and readied for the launch of its new brand and marketing strategy. The company also saw continued positive results from its revenue cycle enhancement investments. On May 28, 2021, the company completed the sale of the Myriad myPath, LLC laboratory to Castle Biosciences, Inc. for $32.5 million in cash. On July 1, 2021, the company completed the sale of its wholly-owned subsidiary, Myriad RBM, Inc., to Q2 Solutions for $198 million, subject to customary adjustments. On May 3, 2021, the company signed a definitive agreement to sell select operating assets and intellectual property, including the Vectra test, to Laboratory Corporation of America Holdings for $150 million in cash. The transaction is expected to close by the end of the third quarter. Total revenue from RBM, Vectra and myPath during the quarter was $20.7 million. The company intends to use the expected total divestiture gross proceeds of approximately $380 million to fund investments in technology, R&D and commercial efforts as well as to strengthen the balance sheet. On July 30, 2021, the company made a voluntary principal payment of $106.4 million, which paid down the full amount that remained outstanding under its $264 million amended credit facility.
PEP

Hot Stocks

07:01 EDT PepsiCo to sell Tropicana, Naked and other select North America juice brands - PepsiCo announced that it has entered into an agreement with PAI Partners to sell Tropicana, Naked and other select juice brands across North America, and an irrevocable option to sell certain juice businesses in Europe, which will result in combined pre-tax cash proceeds of approximately $3.3B while retaining a 39% non-controlling interest in a newly formed joint venture. PAI, a leading private equity firm with strong experience in the food and beverage space, will be the majority shareholder of the transferred business, with PepsiCo retaining exclusive U.S. distribution rights to the portfolio of brands in its best-in-class, chilled Direct Store Delivery for small-format and foodservice channels. These juice businesses delivered approximately $3B in net revenue in 2020 with operating profit margins that were below PepsiCo's overall operating margin in 2020. PepsiCo expects to use the proceeds from the sale of these assets primarily to strengthen its balance sheet and to make organic investments in the business. The transaction is expected to close in late 2021 or early 2022, subject to customary conditions, including works council consultations and regulatory approvals. "This joint venture with PAI enables us to realize significant upfront value, whilst providing the focus and resources necessary to drive additional long-term growth for these beloved brands. In addition, it will free us to concentrate on our current portfolio of diverse offerings, including growing our portfolio of healthier snacks, zero-calorie beverages, and products like SodaStream which are focused on being better for people and the planet," said PepsiCo Chairman and CEO Ramon Laguarta.
IMBI

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07:01 EDT iMedia Brands acquires Synacor's portal and advertising business segment - The company states: "iMedia Brands announced that on July 30, 2021, the company closed on the acquisition of Synacor's Portal and Advertising business segment. Financial terms were not disclosed. iMedia expects this transaction to be accretive and expects MCS to generate at least $40M in profitable revenue over the next twelve months. iMedia will be focused on competing for share in both the emerging $9+ billion OTT advertising marketplace, as well as the $200+ billion online advertising marketplace, against other digital services companies like Squarespace, Shopify and GoDaddy."
BABA

Hot Stocks

06:59 EDT Alibaba reports Q2 annual active customers up 45M from last year at 1.18B - The company states: "Annual active consumers of the Alibaba Ecosystem across the world reached approximately 1.18 billion for the twelve months ended June 30, 2021, an increase of 45 million from the twelve months ended March 31, 2021. This includes 912 million consumers in China and 265 million consumers overseas served by Lazada, AliExpress, Trendyol and Daraz."
WWW

Hot Stocks

06:58 EDT Wolverine World Wide acquires Sweaty Betty for $410M in cash - Wolverine World Wide announced that it has acquired Sweaty Betty, a global fitness and lifestyle brand on a mission to empower women. The all-cash transaction is valued at approximately $410M and closed on August 2. Effective August 2, Wolverine Worldwide acquired all the shares of Lady of Leisure InvestCo Limited, the entity that owns the Sweaty Betty brand, from L Catterton and other shareholders for approximately $410M, funded by cash and the Company's revolving line of credit. It is expected to be accretive to earnings in year one
BABA

Hot Stocks

06:57 EDT Alibaba increases stock buyback program to $15B from $10B - "We delivered strong revenue growth of 34% year-over-year. As we said in last quarter's results announcement, we are investing our excess profits and additional capital to support our merchants and invest in strategic areas to better serve customers and penetrate into new addressable markets," said Maggie Wu, CFO. "We are increasing our share repurchase program from US$10 billion to US$15 billion, the largest share repurchase program in the Company's history, because we are confident of our long-term growth prospects. Our net cash position remains strong and we have repurchased approximately US$3.7 billion of our ADSs since April 1, 2021."
QTRHF

Hot Stocks

06:52 EDT Quarterhill subsidiary acquires semiconductor technologies patent - Wi-LAN, a Quarterhill company, announced that WiLAN's wholly-owned subsidiaries, Woden Technologies and Innovative Memory Systems have acquired patents. The acquired patents relate to semiconductor process, packaging and circuit technologies. All other terms of the transactions are confidential.On July 8, 2014, WiLAN announced that Innovative Memory Systems had acquired a portfolio of non-volatile memory patents with which some of these newly acquired patents will be combined.
NEOG

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06:47 EDT Neogen received OFAC subpoena on activities or transactions involving Iran - In a recent regulatory filing, Neogen disclosed that on March 6, 2020, the company received an administrative subpoena from the U.S. Treasury Department's Office of Foreign Assets Control regarding activities or transactions involving parties located in Iran. "The company subsequently conducted an internal investigation under the direction of outside legal counsel and disclosed information concerning certain genomic testing services provided to an unrelated U.S.-based party engaged in veterinary activities involving an Iranian party. The company continues to cooperate with OFAC's investigation and is currently examining whether certain of these activities may be eligible for OFAC General Licenses authorizing agricultural and veterinary activities. In addition to responding to the administrative subpoena, the company is implementing additional compliance measures to prevent inadvertent dealings with restricted countries or parties. These measures will further enhance the company's international trade compliance program, which is designed to assure that the company does not conduct business directly or indirectly with any countries or parties subject to U.S. economic sanctions and export control laws. Although it is too early to predict what action, if any, that OFAC will take, the company does not currently have any reason to believe that OFAC's pending investigation will have a material impact on its operations, the results of operations for any future period, or its overall financial condition. In fiscal 2020, the company took a charge to expense and recorded a reserve of $600,000 to provide for potential fines or penalties on this matter. At this time, the company believes that it is adequately reserved for this issue," Neogen stated in its annual 10-K filing with the SEC.
J

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06:47 EDT Jacobs reports backlog increased $1.8B to $25.4B, up 7%
CLX

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06:45 EDT Clorox to invest $500M over next five years in digital capabilities - Starting in FY22, Clorox expects to invest approximately $500M over the next five years, including about $90M in FY22, in its digital capabilities and productivity enhancements. The company said, "This investment will include replacing the enterprise resource planning system, which will generate efficiencies and better position the company in supply chain, digital commerce, innovation and brand building over the long term. Of the $90 million to be invested in fiscal year 2022, about $55 million, or 35 cents, will flow through to the profit and loss statement, mostly in selling and administrative expenses."
LLY

Hot Stocks

06:34 EDT Eli Lilly reports Q2 Alimta sales $610.6M, up 13% - The company said, "For the second quarter of 2021, worldwide Alimta revenue increased 13 percent compared with the second quarter of 2020, to $610.6 million. U.S. revenue increased 11 percent, to $353.5 million, primarily driven by higher volume as a result of customer buying patterns and, to a lesser extent, higher realized prices. Revenue outside the U.S. increased 16 percent to $257.1 million, primarily driven by increased volume and, to a lesser extent, the favorable impact of foreign exchange rates, partially offset by lower realized prices. The company expects volume declines in the second half of 2021 for Alimta as a result of the anticipated entry of generic competition due to the loss of patent exclusivity in Japan and major European markets."
LLY

Hot Stocks

06:33 EDT Eli Lilly reports Q2 Humalog sales $607.6M, up 9% - The company said, "For the second quarter of 2021, worldwide Humalog revenue increased 9 percent compared with the second quarter of 2020, to $607.6 million. Revenue in the U.S. increased 17 percent, to $329.1 million, driven by increased demand and higher realized prices due to changes to estimates in rebates and discounts. Revenue outside the U.S. increased 2 percent, to $278.6 million, driven by the favorable impact of foreign exchange rates, partially offset by decreased volume and, to a lesser extent, lower realized prices."
LLY

Hot Stocks

06:32 EDT Eli Lilly reports Q2 Trulicity sales $1.54B, up 25% - The company said, "Second-quarter 2021 worldwide Trulicity revenue was $1.536 billion, an increase of 25 percent compared with the second quarter of 2020. U.S. revenue increased 20 percent, to $1.148 billion, driven by increased demand, partially offset by lower realized prices. Trulicity's lower realized prices in the U.S. were primarily due to higher contracted rebates, partially offset by modest list price increases. Revenue outside the U.S. was $388.0 million, an increase of 40 percent, driven by increased volume and, to a lesser extent, the favorable impact of foreign exchange rates, partially offset by lower realized prices."
BP

Hot Stocks

06:27 EDT BP continues to see FY21 CapEx around $13B - BP said: "We continue to expect divestment and other proceeds for the year to reach $5-6 billion during the latter stages of 2021. As a result of the first half year divestments, our target of $25 billion of divestment and other proceeds between the second half of 2020 and 2025 is now underpinned by agreed or completed transactions of around $14.9 billion with over $10 billion of proceeds received. The underlying ETR for 2021 is now expected to be around 35% but is sensitive to the impact that volatility in the current price environment may have on the geographical mix of the group's profits and losses. - For full year 2021 we expect reported upstream production to be lower than 2020 due to the impact of the ongoing divestment program. However, underlying production should be slightly higher than 2020 with the ramp-up of major projects, primarily in gas regions, partly offset by the impacts of reduced capital investment and decline in lower-margin gas assets."
BP

Hot Stocks

06:26 EDT BP sees Q3 reported upstream production higher than Q2 - BP said: "Looking ahead, we expect third quarter reported upstream production to be higher than the second quarter reflecting the completion of seasonal maintenance activity and the ramp-up of major projects. Within this, we expect production from oil production & operations to be higher. If COVID restrictions continue to ease, we expect higher product demand across our customer business in the third quarter. Realized refining margins are expected to improve slightly supported by stronger demand and wider North American heavy crude oil differentials. In Castrol, industry base oil and additive supply shortages are expected to continue."
KBR

Hot Stocks

06:24 EDT KBR, PSI sign alliance agreement to license sustainable technologies - KBR and Petron Scientech, or PSI, announced that they have signed an alliance agreement to license differentiated, energy-efficient, and sustainable technologies for renewable chemicals production. Under this agreement, KBR will be the exclusive licensor for PSI's Ethylene Oxide / Ethylene Glycol, Alcohol Dehydration and Maleic Anhydride technologies, which are used to convert ethanol into ethylene and further derivative chemicals used in a wide range of industry and consumer products. PSI has developed these technologies over the past 30 years. KBR will license these technologies and provide engineering services for new biorefineries as well as integrating the technologies in existing refineries and petrochemical plants to offer sustainable alternatives.
BP

Hot Stocks

06:23 EDT BP intends to execute share buyback of $1.4B prior to Q3 results - BP said in a statement: "Taking into account surplus cash flow generated in the first half of the year, bp intends to execute a share buyback of $1.4B prior to announcing its third quarter 2021 results. For 2021, and subject to maintaining a strong investment grade credit rating, the board remains committed to using 60% of surplus cash flow for share buybacks and plans to allocate the remaining 40% to continue strengthening the balance sheet."
BP

Hot Stocks

06:22 EDT BP increasing dividend 4% to 5.46c per share - BP said: "Reflecting the underlying performance of the business, an improving outlook for the environment, confidence in our balance sheet and commencement of the share buyback program, the board has announced an increase in the second quarter dividend of 4% to 5.46 cents per ordinary share."
HFC HEP

Hot Stocks

06:22 EDT Sinclair to combine certain assets with HollyFrontier and Holly Energy Partners - The Sinclair Companies, a privately held company that wholly owns Sinclair Oil Corporation, announced that it has entered into definitive agreements to combine substantially all of Sinclair Oil's refining, renewable diesel, and logistics assets with those of HollyFrontier (HFC) and Holly Energy Partners (HEP), a HollyFrontier-affiliated midstream master limited partnership. As part of the transaction, HollyFrontier will form a new parent company called "HF Sinclair Corporation", which will replace HollyFrontier as the public company trading on the NYSE. Under the agreements, Sinclair Oil's branded marketing business and all related commercial activities and its refineries and related operations and assets in Casper and Sinclair, Wyoming, will combine with HollyFrontier. Sinclair Oil's logistics and storage assets, including approximately 1,200 miles of pipelines, two crude oil terminals and eight light product terminals, will combine with HEP. It is expected that the vast majority of Sinclair Oil employees will be invited to continue in their positions following the combination. The transaction does not include exploration and production assets owned by Sinclair Oil & Gas Company. The transaction, which is expected to close mid-2022, is subject to the satisfaction of customary closing conditions, including applicable regulatory clearance. Tudor, Pickering, Holt & Co. is serving as financial advisor to Sinclair and Vinson & Elkins is serving as its legal counsel.
LLY INCY

Hot Stocks

06:22 EDT Eli Lilly, Incyte announce results from additional cohort of COV-BARRIER trial - Eli Lilly (LLY) and Incyte (INCY) announced results from an additional cohort of 101 adult patients from the COV-BARRIER trial. In this sub-study, patients with COVID-19 on mechanical ventilation or extracorporeal membrane oxygenation, or ECMO, who received baricitinib plus standard of care were 46% less likely to die by Day 28 compared to patients who received placebo plus standard of care. The cumulative proportion of patients who died by Day 28 was 39.2% in the baricitinib arm versus 58% in the placebo arm. Similar mortality benefit was observed by Day 60 with a cumulative proportion of death of 45.1% for baricitinib compared to 62% for placebo. These findings are consistent with the reduction in mortality observed in the overall COV-BARRIER patient population. By Day 28, the frequency of adverse events, serious adverse events and serious infections were similar in the baricitinib group compared to placebo. Venous thromboembolic events were reported in 6% of patients treated with baricitinib and 6.1% of patients treated with placebo. No new safety signals were identified. Lilly intends to publish detailed results from this additional sub-study in a peer-reviewed journal and present the findings at a medical meeting in the coming months. These new data from the COV-BARRIER sub-study will also be shared with regulatory authorities in the U.S., European Union and other geographies.
LPX

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06:19 EDT Louisiana-Pacific sees Q3 adjusted EBITDA over $530M - Sees FY21 capital expenditures $270M.
OTLK

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06:17 EDT Outlook Therapeutics reports 'positive' data from Phase 3 NORSE TWO trial - Outlook Therapeutics announced positive clinical and highly statistically significant top-line results from its pivotal Phase 3 NORSE TWO safety and efficacy trial evaluating ONS-5010 / LYTENAVA for treatment of neovascular age-related macular degeneration. "We are delighted with the compelling results observed in NORSE TWO, which represent a significant and potentially transformational milepost for patients suffering from wet AMD. We plan on bringing the first ophthalmic formulation of bevacizumab to market, if approved. Currently there are a vast number of off-label injections of bevacizumab to treat retinal disease in the United States, and we want to offer an alternative for patients and retinal surgeons that is approved and formulated and packaged specifically for wet AMD. The successful completion of this trial is the final step needed in our clinical evaluation of ONS-5010 to enable us to submit a Biologics License Application to the FDA in the first calendar quarter of next year," said C. Russell Trenary III, President and CEO of Outlook Therapeutics. "I would like to thank the trial participants and investigators, our partners, and our employees for their contributions to NORSE TWO."
MODV

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06:13 EDT ModivCare acquires VRI Intermediate Holdings for $315M - ModivCare announced that the company has signed a purchase agreement to acquire VRI Intermediate Holdings, a provider of remote patient monitoring solutions. Under the terms of the agreement, ModivCare will acquire 100% of the equity interests in VRI for a purchase price of $315M, subject to customary purchase price adjustments. VRI generated $56M of revenue and $21M of adjusted EBITDA for the twelve-month period ended June 30, 2021. ModivCare intends to finance the acquisition with fully committed debt financing from Deutsche Bank Securities Inc. and Jefferies. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the third quarter. The company expects the impact of the acquisition to be immediately accretive to adjusted earnings.
NPO

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06:10 EDT EnPro names Eric Vaillancourt as interim CEO - EnPro Industries announced that Eric Vaillancourt, President of Sealing Technologies, has been appointed Interim President and CEO, effective immediately. The company's Board of Directors and Marvin Riley have mutually agreed that Riley will step down as President and CEO and as a member of the Board, effective immediately. The Board has engaged a nationally recognized search firm to commence a search process to identify a permanent President and CEO and will consider both internal and external candidates.
WLTW

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06:08 EDT Willis Towers Watson raises dividend 13% to 80c - The Board of Directors of Willis Towers Watson approved a 13% increase in its regular quarterly cash dividend from 71c per common share to 80c per common share. The company's next dividend is payable on or around October 15 to shareholders of record at the close of business on September 30.
IT

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06:01 EDT Gartner raises share repurchase authorization by $800M
EC

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05:30 EDT Ecopetrol fine by Ministry of Labor revoked by Administrative Court of Santander - Ecopetrol informed that it was notified of the decision issued by the Administrative Court of Santander that voided the December 22, 2011 and August 8, 2016 resolutions, respectively, through which the Ministry of Labor - Territorial Directorate of Santander, imposed a fine of sixteen million sixty-eight thousand pesos, or COP 16,068,000, on the occasion of the fatal accident of Oscar de Jesus Rodriguez, a Geoespectro SAS worker, an Ecopetrol contractor company. The company had previously informed of such fine through a prior publication.
WLK

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05:26 EDT Westlake Chemical to acquire Dimex, terms undisclosed - Westlake Chemical announced plans for one of its subsidiaries to acquire the parent company of Dimex, from Grey Mountain Partners, a private equity firm. Based in Marietta, Ohio, Dimex produces a variety of consumer products made from post-industrial-recycled, or PIR, polyvinyl chloride, or PVC, polyethylene, or PE, and thermoplastic elastomer, or TPE, materials, and has annualized sales of approximately $100M. These consumer products include landscape edging; industrial, home and office matting; marine dock edging; and masonry joint controls. The proposed transaction is subject to customary closing conditions, including the expiration or termination of the applicable waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, and is expected to close during the second half of 2021. Over the last four years, Dimex has secured 29 U.S. patents for its products.
RHHBY

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05:24 EDT Genentech announces FDA acceptance of Tecentriq sBLA - Genentech, a member of Roche, announced that the FDA has accepted the company's supplemental biologics license application, or sBLA, and granted priority review for Tecentriq as adjuvant treatment following surgery and platinum-based chemotherapy for people with non-small cell lung cancer, or NSCLC, whose tumors express PD-L1 greater than 1%, as determined by an FDA-approved test. The FDA is reviewing the application under the Real-Time Oncology Review pilot program, which aims to explore a more efficient review process to ensure safe and effective treatments are available to patients as early as possible. The FDA is expected to make a decision on approval by December 1.
JHX

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05:20 EDT James Hardie settles New Zealand weathertightness class action litigation - James Hardie announced that the weathertightness class action litigation brought against James Hardie before the Auckland High Court has been settled. As part of the settlement James Hardie will receive a payment of NZ $1.25M. Harbour Litigation Funding will pay James Hardie the NZ $1.25M. There is no admission of liability by any party. There is a full and final settlement of all claims arising directly or indirectly out of the White litigation in relation to the Harditex cladding product. The case will be discontinued in its entirety.
TBIO SNY

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05:20 EDT Sanofi acquires Translate Bio for $38 per share in cash or $3.2B - Sanofi (SNY) has entered into a definitive agreement with Translate Bio (NASDAQ: TBIO) for $38.00 per share in cash, which represents a total equity value of $3.2B a fully diluted basis. The Sanofi and Translate Bio boards unanimously approved the transaction. The purchase price represents a premium of 56% to Translate Bio's volume-weighted average price per share over the past 60 days. The CEO of Translate Bio and Translate Bio's largest shareholder, The Baupost Group, have signed binding commitments to support the tender offer. These binding commitments, combined with the Translate Bio shares already owned by Sanofi or its affiliates, represent a total of approximately 30% of Translate Bio's total shares outstanding. "Translate Bio adds an mRNA technology platform and strong capabilities to our research, further advancing our ability to explore the promise of this technology to develop both best-in-class vaccines and therapeutics," said Paul Hudson, Sanofi CEO. "A fully owned platform allows us to develop additional opportunities in the fast-evolving mRNA space. We will also be able to accelerate our existing partnered programs already under development. Our goal is to unlock the potential of mRNA in other strategic areas such as immunology, oncology, and rare diseases in addition to vaccines."
IDCC XIACF

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05:08 EDT InterDigital enters royalty bearing license with Xiaomi for mobile devices - InterDigital (IDCC) announced it has entered into a multi-year, worldwide, non-exclusive, royalty bearing license with Xiaomi (XIACF). The license covers Xiaomi's cellular-enabled mobile devices under InterDigital's standard essential patents related to cellular wireless, WiFi and HEVC video technology. As part of the agreement InterDigital and Xiaomi have agreed to dismiss all pending patent litigation and other proceedings between the companies.
MSI

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05:04 EDT Motorola Solutions VB400 body-worn video solution to be utilized by NHS England - Motorola Solutions announced that the National Health Service, or NHS, England has selected its VB400 body-worn video solution to increase transparency and safety for its frontline workers and citizens across the country.