Stockwinners Market Radar for August 10, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
PRTS | Hot Stocks20:12 EDT CarParts.com CEO sells 116.2K shares of common stock - In a regulatory filing, CarParts.com disclosed that its CEO Lev Peker sold 116.2K shares of common stock on August 6th in a total transaction size of $2.3M, reducing his stake by about 10%.
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DRNA | Hot Stocks20:10 EDT Dicerna CEO buys 5K shares of common stock - In a regulatory filing, Dicerna disclosed that its CEO Douglas Fambrough bought 5K share of common stock on August 10th in a total transaction size of $110K.
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LMT | Hot Stocks20:01 EDT Lockheed Martin completes construction of Palmdale, CA facility - The company states: "Lockheed Martin has completed construction of an advanced manufacturing facility at its Palmdale, California, campus and headquarters to the Skunk Works. Lockheed Martin's Advanced Manufacturing Facility at the Skunk Works in Palmdale, California, merges the power of human and machine - manufacturing artisans will work with digital tools to execute operations with maximum efficiency. Manufacturing and office space will accommodate 450 employees. This is one of four transformational manufacturing facilities Lockheed Martin is opening in the U.S. this year.The 215,000 square foot intelligent, flexible factory has digital foundations to incorporate smart manufacturing components, embrace the Internet of Things and deliver cutting edge solutions rapidly and affordably to support the United States and its allies. This is one of four transformational manufacturing facilities Lockheed Martin is opening in the U.S. this year. In addition to manufacturing, the facility includes office and break spaces to accommodate more than 450 employees."
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BEN | Hot Stocks18:13 EDT Franklin Resources reports preliminary AUM $1.557T as of July 31 - Compared to $1.552T at June 30. This month's increase in AUM primarily reflected the positive impact of markets and the acquisition of Diamond Hill's high yield-focused, U.S. corporate credit mutual funds of approximately $3.4B, partially offset by long-term net outflows.
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NUE | Hot Stocks18:12 EDT Nucor CEO: We're poised to rebuild the country's crumbling infrastructure - In an interview on CNBC's Mad money, Leon Topalian said Nucor's stock should be trading at a much higher multiple as it's a growth company. "We're going to have to increase output to meet demand," he noted. According to Topalian, the tariffs implemented in 2018 are not long-term and he is not concerned about them.
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POWI | Hot Stocks18:04 EDT Power Integrations CFO Nayyar sells 6,622 common shares - In a regulatory filing, Power Integrations CFO Sandeep Nayyar disclosed the sale of 6,622 common shares of the company on August 6 at a price of $99.8001 per share.
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COIN | Hot Stocks17:52 EDT Coinbase says goal is to bring 1B people into the cryptoeconomy - Says Q2 illustrated the volatility anticipated in these still-early days in the cryptoeconomy. Says as volatility and crypto asset prices are highly correlated with trading revenue, the crypto market environment heavily influenced Q2 results. Says goal is to bring 1B people into the cryptoeconomy. Says launched the beta of Coinbase Prime. Says regulatory conversations are expanding and fully supports smart regulations that promote innovation. Says will work to propose frameworks that regulators should consider as we continue to encourage smart regulations. Comments taken from Q2 earnings conference call.
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PAAS | Hot Stocks17:48 EDT Pan American Silver sees FY21 CapEx $285.0M-$305.0M
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PAAS | Hot Stocks17:46 EDT Pan American Silver raises dividend to 10c from 7c - The Board of Directors has approved an increase in the cash dividend from 7c to 10c per common share, or approximately $21.0M in aggregate cash dividends, payable on or about September 3 to holders of record of Pan American's common shares as of the close on August 23.
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CPA | Hot Stocks17:37 EDT Copa Holdings reports preliminary July traffic down 42.1%, capacity down 36.4% - 78.8% load factor was down 7.8 p.p. The company noted, "Given the irregular nature of the company's operations starting in March 2020 due to the Covid-19 pandemic, we will compare this and future traffic reports to 2019 statistics."
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GD | Hot Stocks17:24 EDT General Dynamics to compete for each order on $744.22M Army contract - Sierra Nevada and General Dynamics will compete for each order of the $744.22M contract for the Next Generation Load Device-Medium. Bids were solicited via the internet with five received. Work locations and funding will be determined with each order, with an estimated completion date of August 8, 2031. U.S. Army Contracting Command is the contracting activity.
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ESGR | Hot Stocks17:02 EDT Enstar Group announces departure of CFO Zachary Wolf and succession plan - Enstar Group announced that Zachary Wolf has stepped down from his position as CFO to pursue other opportunities and will remain available for a transition period until September 30, 2021. Orla Gregory, Enstar's current COO, has been named Acting CFO. Michael Murphy, Enstar's current Chief Accounting Officer, will serve as Deputy CFO. Gregory has served as COO since 2016, having previously served as Chief Integration Officer and in executive M&A positions from 2009. She joined Enstar 18 years ago, having previously worked in the insurance industry in Ireland and with Ernst & Young in Bermuda. Ms. Gregory is a Fellow of the Association of Chartered Certified Accountants (ACCA). Murphy joined Enstar in May 2021 as Chief Accounting Officer, most recently serving as Interim CFO and Chief Accounting Officer at TriNet Group, Inc. and Chief Accounting Officer of QBE North America. Murphy has held several senior finance roles in the insurance industry during his 30-year career.
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MESA | Hot Stocks17:01 EDT Mesa Air reports July block hours up 92.1% - Mesa Air reported Mesa Airlines' operating performance for July 2021. Mesa Airlines reported 32,843 block hours in July 2021, a 92.1 percent increase from July 2020 as a result of increased summer flying and the relaxation of certain COVID restrictions. The Company also reported a controllable completion factor of 98.72 percent and 99.90 percent for its American and United operations, respectively.
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ECNCF TFC | Hot Stocks16:58 EDT ECN Capital to sell Service Finance Company to Truist Financial for $2B - ECN Capital Corp. (ECNCF) announced that it has entered into a definitive agreement with Truist Bank, the wholly owned bank subsidiary of Truist Financial Corporation (TFC), to sell all of the issued and outstanding equity interests in each of Service Finance Company, LLC and Service Finance Holdings, LLC, each a wholly-owned, indirect subsidiary of the Company, for cash proceeds of $2B.Following the closing of the Transaction, ECN Capital intends to pay a special dividend of C$7.50 per common share or approximately $1.5B from the net proceeds, to its common shareholders. The transaction is subject to standard licensing and regulatory approvals, the satisfaction of customary closing conditions and is expected to close late in the Fourth Quarter 2021.
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LOB | Hot Stocks16:56 EDT Live Oak Bancshares CAO sells 15,125 common shares - In a regulatory filing, Live Oak Bancshares chief accounting officer John Sutherland disclosed the sale of 15,125 common shares of the company on August 6 at a price of $61.5355 per share.
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OLO GRUB | Hot Stocks16:52 EDT Olo to partner with Grubhub on delivery - The company states: "Olo (OLO announced an engagement with Grubhub (GRUB) to integrate digital orders directly into the point-of-sale of tens of thousands of restaurant brand locations via Olo Rails. Rails is Olo's solution that makes it easy for restaurant brands to publish their menus, prices and location information on participating third-party marketplaces in order to drive incremental sales, simplify workflows and manage orders from multiple channels into one place. The solution also allows orders placed by consumers on the Grubhub website or app to be injected directly into the order stream at the restaurant to improve order accuracy and operational efficiencies for restaurant operators. Restaurants can do away with the need for multiple digital ordering tablets in the kitchen to improve tracking and profit accountability."
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RIOT... | Hot Stocks16:47 EDT Riot Blockchain reports July production 444 BTC, up 771% from last year - Riot Blockchain announces its July production and operations updates, including its unaudited Bitcoin production for July 2021 and its miner shipping/deployment status. In July 2021, Riot produced 444 BTC, an increase of approximately 771% over its July 2020 production of 51 BTC. Year to date through July, the Company produced a total of 1,610 BTC, an increase of approximately 188% over its BTC production during the same 2020 period of 559 BTC. As of July 31 Riot held approximately 2,687 BTC, all of which were produced by its self-mining operations. Riot plans to continue providing monthly operational updates and unaudited production results through the end of 2021. These updates are intended to keep shareholders informed of Riot's mining production as it continues to deploy its expanding miner fleet.
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TFC | Hot Stocks16:46 EDT Truist Bank to acquire home improvement lender Service Finance Company for $2B - Truist Financial Corporation announced that its wholly owned bank subsidiary, Truist Bank, has signed a definitive agreement to acquire Service Finance Company, LLC, a national provider of point-of-sale financing solutions for the home improvement industry, for $2B. The acquisition of Service Finance expands the scale and capabilities of our wholesale payments businesses, enabling Truist to deliver innovative financing solutions to Service Finance's nationwide network of dealers and serve homeowners across the country," said Mike Maguire, head of National Consumer Finance and Payments at Truist. "This acquisition significantly strengthens Truist's leadership position in the rapidly growing POS industry, and we're excited to partner with Mark Berch and the entire Service Finance team." Berch and the Service Finance team will join the POS lending unit of Truist's National Consumer Finance and Payments group and continue to be based out of Boca Raton, Florida. Service Finance is a wholly owned subsidiary of Canadian-based ECN Capital Corp. Truist is targeting a late 2021 close for the acquisition, subject to standard licensing and regulatory approvals, and satisfaction of customary closing conditions.
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WW | Hot Stocks16:43 EDT WW drops 20% to $25.60 after Q2 results, FY21 guidance miss estimates
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T | Hot Stocks16:43 EDT AT&T sees FY21 global capital investment in $22B range, capex in $17B range - The company states: "Pascal Desroches, CFO, spoke today at the Oppenheimer Technology, Internet & Communications Conference, where he provided an update to shareholders. Desroches indicated that AT&T has good momentum as the company continues to successfully execute in its market focus areas of 5G, fiber and HBO Max. At the same time, AT&T continues to invest in its network and the creation of compelling content. For full-year 2021, AT&T expects gross capital investment1 to be in the $22B range, capital expenditures in the $17B range and cash content spend of approximately $19B. In wireless, Desroches said he expects strong demand for mobile services and AT&T's consistent go-to-market strategy will enable the company to sustain profitable postpaid subscriber growth in the second half of 2021. The wireless landscape remains highly competitive as operators look to capitalize on healthy industry demand. Desroches noted that AT&T expects this competitive intensity to continue at current levels and factored this expectation into its reiterated guidance for full-year 2021 service revenue growth of 3%, up from 2% previously, and low single-digit mobility EBITDA growth. AT&T has also been simplifying its portfolio to focus on its connectivity-based businesses. The company recently completed its DIRECTV transaction with TPG Capital and is moving forward with its plans to spin or split off WarnerMedia and combine it with Discovery to form a new entertainment company, Warner Bros. Discovery. Desroches reiterated the benefits of AT&T's wireless network strength and performance. AT&T currently covers 250 million people in the U.S. with 5G using sub-6 MHz spectrum across nearly 500 markets. The company plans to begin C-Band deployment by the end of 2021 and expects to cover approximately 200M POPs with C-Band by the end of 2023. AT&T also continues to experience healthy demand for HBO Max in both domestic and international markets and therefore reiterated its recently raised global HBO Max and HBO 2021 subscriber guidance of 70 million to 73 million. During the third quarter, HBO will cease to be offered as a subscription on Amazon Channels. This was a strategic decision made by WarnerMedia. It is anticipated that there will be an impact on HBO Max / HBO domestic subscribers in the third quarter, but this has already been considered into the company's global subscriber guidance for the full year."
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MTN PEP | Hot Stocks16:37 EDT Vail Resorts says Kirsten Lynch to be appointed CEO, board member - Vail Resorts (MTN) announced that Kirsten Lynch, the company's chief marketing officer, will be appointed CEO and elected to the company's board of directors, effective November 1. At that time, Rob Katz, the company's current CEO, will be appointed executive chairperson of the board and remain fully active and engaged in Vail Resorts' key strategic decisions and priorities. Additionally, at that time, Ryan Bennett, currently vice president of marketing, lift revenue, will be named chief marketing officer of Vail Resorts. Lynch joined Vail Resorts in 2011 as chief marketing officer and previously held senior leadership positions at PepsiCo (PEP) and Kraft Foods.
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NLOK AVASF | Hot Stocks16:36 EDT NortonLifeLock, Avast agree to merge in up to $8.6B deal - NortonLifeLock (NLOK) and Avast (AVASF) announce that they have reached agreement on the terms of a recommended merger of Avast with NortonLifeLock, in the form of a recommended offer by NortonLifeLock, for the entire issued and to be issued ordinary share capital of Avast. Under the terms of the merger Avast shareholders will be entitled to receive a combination of cash consideration and newly issued shares in NortonLifeLock with alternative consideration elections available. Based on NortonLifeLock's closing share price of $27.20 on July 13, 2021 (being the last trading day for NortonLifeLock shares before market speculation began in relation to the merger on July 14, 2021, resulting in the commencement of the offer period), the merger values Avast's entire issued and to be issued ordinary share capital between approximately $8.1B and $8.6B, depending on Avast shareholders' elections. Following the completion of the transaction, NortonLifeLock's CEO, Vincent Pilette, will remain CEO, NortonLifeLock's CFO, Natalie Derse, will remain CFO, and Avast's CEO, Ondej Vlek, is expected to join NortonLifeLock as President and become a member of the NortonLifeLock Board of Directors. In addition, Pavel Baudi, a co-founder and current director of Avast, is expected to join the NortonLifeLock Board as an independent director. On completion of the merger, the combined company will be dual headquartered in Prague, Czech Republic, and Tempe, Arizona, USA, and will have a significant presence in the Czech Republic. The combined company will be listed on NASDAQ.
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JAMF | Hot Stocks16:35 EDT Jamf Holding has identified an immaterial error related to commissions - Jamf has recently identified an immaterial error related to certain commissions that were incorrectly capitalized instead of being expensed in its prior period financial statements and will revise its previously issued consolidated financial statements for fiscal years 2018, 2019, 2020, quarters of 2019 and 2020, and the first quarter of 2021 in subsequent filings. Jamf determined that the error had no impact on key business metrics, including revenue, ARR, dollar-based net retention, operating cash flow and unlevered free cash flow for the relevant periods. Jamf currently estimates that the error will result in an expense adjustment of approximately 1% or less of total GAAP expenses in any of the relevant periods. Jamf does not believe the error will have a material impact on future period operating expense rates. Jamf expects to correct the immaterial error in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2021. Given the timing of the error being identified, Jamf's second quarter 2021 financial results are preliminary subject to the completion of the audit process. Jamf plans to provide its final financial results for the quarter ended June 30, 2021 and file the related Quarterly Report on Form 10-Q as soon as practicable.
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ORIC | Hot Stocks16:32 EDT Oric Pharmaceuticals sees cash, equivalents funding operating plan into 2024 - Cash, cash equivalents, and short-term investments totaled $261.1 million as of June 30, 2021. Along with the July 2021 ATM offering gross proceeds of $50.0 million, the company expects its cash, cash equivalents, and short-term investments of $305.9 million as of July 31, 2021, will be sufficient to fund its current operating plan into 2024. ORIC anticipates the following milestones in the second half of 2021: ORIC-101: Report interim safety, pharmacokinetics, translational data, and preliminary antitumor activity from the ongoing combination trial with enzalutamide; ORIC-533: Initiate Phase 1 study; ORIC-944: File INDl ORIC-114: File CTA.
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KAMN | Hot Stocks16:32 EDT Kaman awarded $43M programmable fuze order - Kaman announced that it received an order under Option 16 of its Joint Programmable Fuze contract with the U.S. Air Force. This order has an expected value of approximately $43M for the procurement of JPFs for foreign militaries.
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ORIC | Hot Stocks16:31 EDT Oric Pharmaceuticals reports Q2 EPS (57c), consensus (49c) - "We executed well in the first half of the year, achieving multiple milestones, including the initial data readout for ORIC-101 in combination with nab-paclitaxel in solid tumors and the clearance of the IND application for ORIC-533, our small molecule CD73 inhibitor," said Jacob Chacko, M.D., president and CEO. "In the second half of the year, we expect to present preliminary safety, pharmacokinetic, and translational data, as well as preliminary antitumor activity from our ongoing Phase 1 trial of ORIC-101 in combination with enzalutamide in prostate cancer. In addition, we look forward to dosing our first patient with ORIC-533 and to filing an IND for ORIC-944, our allosteric PRC2 inhibitor, and a CTA for ORIC-114, our brain penetrant EGFR/HER2 exon 20 inhibitor. Furthermore, the proceeds from our recent financing have bolstered our balance sheet with funding for the continued development of ORIC-101 and our other three product candidates through multiple data readouts expected in the 2022 and 2023 timeframe."
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XAIR | Hot Stocks16:22 EDT Beyond Air sees securing CE Mark in EU around end of CY21 for LungFit PH - For LungFit PRO, plans on initiating a pivotal trial for patients hospitalized with viral lung infections, either for acute viral pneumonia or bronchiolitis, in the fourth quarter of calendar year 2022. For LungFit GO, expects to report interim data for the at-home NTM lung infection pilot study at a medical or scientific conference in Fall 2021 with the trial completing in the first half of calendar year 2022.
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ABST | Hot Stocks16:18 EDT Absolute Software sees FY22 adjusted revenue $203M-$207M - Sees FY22 adjusted EBITDA margin 18%-20%.
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BHR | Hot Stocks16:17 EDT Braemar Hotels & Resorts sees July portfolio occupancy of 69.6% - Braemar Hotels & Resorts reported preliminary portfolio occupancy of 69.6% for the month of July with an average daily rate, or ADR, of approximately $387 resulting in RevPAR of approximately $269. This RevPAR result represents an approximate increase of 197% versus July 2020 and an approximate increase of 14% versus July 2019. "Our portfolio continues to deliver strong operational metrics as evidenced by the 14% increase in RevPAR for the month of July compared to the same month in 2019," said Richard J. Stockton, Braemar's President and Chief Executive Officer. "These results continue to be driven by strong leisure demand at our luxury resort properties as well as a ramp up of the performance of our urban hotels. Total revenues for Bardessono Resort and Spa, Hotel Yountville, and Pier House Resort for August and September are forecasted to be more than 30% higher than the same months during 2019. Looking ahead, we anticipate these trends continuing as our forward bookings remain strong."
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IVZ | Hot Stocks16:17 EDT Invesco reports preliminary AUM $1.528T as of July 31 - An increase of 0.2% versus previous month-end. Total net inflows were $3.5B. The firm achieved net long-term inflows of $1.7B this month.
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NEE | Hot Stocks16:15 EDT FPL announces agreement for clean energy infrastructure investment in Florida - Florida Power & Light Company, or FPL, announced a comprehensive, four-year rate settlement agreement developed jointly with the Florida Office of Public Counsel - the state's consumer advocate - as well as the Florida Retail Federation, the Florida Industrial Power Users Group and the Southern Alliance for Clean Energy, that would phase in new rates starting in 2022. The proposed agreement reflects a nearly 40% reduction in FPL's proposed January 2022 base rate revenue increase, from $1.1B to $692M, driven partly by a reduction in the company's originally proposed return on equity midpoint from 11.5% to 10.6%. Likewise, FPL's 2023 requested revenue increase would be reduced by nearly 10%, from $605M to $560M. The agreement would support continued long-term investments in infrastructure, clean energy and innovative technology - including the largest solar buildout in the United States - while keeping FPL's typical residential customer bills well below the national average through the end of 2025. The agreement would resolve FPL's current base rate proceeding and directly support FPL's groundbreaking "30-by-30" plan to install 30M solar panels in Florida by 2030, which remains ahead of schedule and under budget. In addition to solar energy, the settlement agreement would support FPL's green hydrogen pilot project in Okeechobee County, an innovative technology that could one day unlock 100% carbon-free electricity that's available 24 hours a day, as well as the FPL Manatee Energy Storage Center, the world's largest integrated solar-powered battery system that's projected to begin serving customers later this year. The agreement would also enable FPL to continue building a stronger, smarter and more storm-resilient energy grid in the face of Florida's frequently severe weather. FPL is a subsidiary of Juno Beach, Florida-based NextEra Energy.
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COIN | Hot Stocks16:14 EDT Coinbase sees annual average net transaction revenue exceeding historical range - The company states: "Average net revenue per user varies period to period due to fluctuations in crypto asset prices and trading volume. G iven this short term volatility, we focus on annual averages. Over the last two ye ars, we have seen average annual net transaction revenue per reta il MTU range between $34-$ 45 per month, w ith the low end of this range occurring in 2019, a period of low Bitcoin price and low crypto asset price volatility, and the high end of the range occurring in 2020, a period of rising Bitcoin price. G iven our performance ye ar-to-date, we continue to anticipate the annual average net transaction revenue per user w ill exceed this historical range."
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COIN | Hot Stocks16:13 EDT Coinbase sees Q3 trading volume lower than in Q2 - The company states: "In July, reta il MTUs and total Trading Volume were 6.3 million and $57.0 billion, respectively, as cr ypto asset prices and cr ypto asset volatility declined significantly relative to Q2 levels. August month-to-date, reta il MTUs and Trading Volume levels have slightly improved compared to July levels but rema in lower than e arlier in the ye ar. As a result, we believe reta il MTUs and total Trading Volume w ill be lower in Q3 as compared to Q2."
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GO | Hot Stocks16:10 EDT Grocery Outlet sees Q3 SSS in the negative mid-single digits - The company continues to expect to open between 36 and 38 stores in fiscal 2021 with one closure. Quarter-to-date comparable store sales for the third quarter of fiscal 2021 are negative 6%. Based on current trends, the company expects comparable store sales for the full third quarter of fiscal 2021 to be in the negative mid-single digits. Capital expenditures, net of tenant improvement allowances, are estimated to be approximately $130.0 million for fiscal 2021.
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VRTS | Hot Stocks16:09 EDT Virtus Investment reports preliminary total AUM $180.3B as of July 31 - In addition, the company provided services to $3.8B of other fee-earning assets that are not included in assets under management.
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COIN | Hot Stocks16:07 EDT Coinbase reports Q2 Total trading volume $462B vs. $28B last year
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QGEN | Hot Stocks16:06 EDT Qiagen, GT Molecular collaborate over COVID wastewater detection solution - Qiagen and GT Molecular have started to offer a complete wastewater workflow solution designed to enable surveillance of COVID-19 outbreaks by U.S. and Canadian laboratories, with future options to offer the solution in other countries. The workflow leverages QIAGEN's sample-preparation expertise and its innovative QIAcuity digital PCR system, which hosts GT Molecular's digital SARS-CoV-2 Wastewater Surveillance Assay. The assay was developed to comply with the CDC guidelines for the United States National Wastewater Surveillance System. The complete workflow has become available as of the beginning of August, when the assay launched. In response to the pandemic and the demand from authorities for health data about broad sections of the population, the solution sets new standards. It allows for the quantification of SARS-CoV-2 in wastewater in less than two and a half hours, compared to up to 6 hours with other dPCR systems. Furthermore, the integration of QIAGEN's AllPrep PowerViral DNA/RNA Kit, which leverages QIAGEN's patented Inhibitor Removal Technology, with a robust multiplex dPCR detection on the QIAcuity Digital PCR System, enables highly accurate viral RNA analysis from typically very variable wastewater samples.
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BSX | Hot Stocks16:01 EDT Boston Scientific announces FDA clearance of EXALT Model B Bronchoscope - Boston Scientific announced FDA 510 clearance of the EXALT Model B Single-Use Bronchoscope, designed for use in bedside procedures within the intensive care unit, or ICU, and operating room, or OR. The EXALT Model B Bronchoscope can be used for a wide range of bronchoscopy procedures such as secretion management, airway intubation, percutaneous tracheostomy, double lumen endotracheal tube placement and biopsies. The device is offered in three sizes - slim, regular and large - each designed to deliver superior suction performance and direct, precise imaging.
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BA | Hot Stocks16:01 EDT Boeing reports 28 commercial airplane deliveries in July - Earlier, Boeing reported 28 jets delivered in July and 31 gross jet orders in its commercial program. Reference Link
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SCPE | Hot Stocks16:00 EDT SC Health Corporation (Class A Stock) trading resumes
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SCPE | Hot Stocks15:56 EDT SC Health Corporation (Class A Stock) trading halted, volatility trading pause
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PSTH VIVHY | Hot Stocks15:15 EDT Vivendi sells 7.1% stake of UMG to Pershing Square Holdings for $2.8B - Vivendi (VIVHY) as well as Pershing Square Holdings (PSTH) and affiliates entered into discussions on June 4, 2021, for the acquisition of 10% of Universal Music Group's share capital owned by Vivendi, before the distribution of 60% of UMG's share capital to Vivendi's shareholders and the listing of the company scheduled for September 21. Vivendi sold on Tuesday 7.1% of UMG's share capital to Pershing Square Holdings and affiliates, which are managed by William Ackman, for a price of $2.8B based on an enterprise value of EUR 35B for 100% of UMG's share capital. Ackman has the right to acquire, by September 9, 2021, up to an additional 2.9% of UMG's share capital through funds which he manages or in which he holds the majority of economic interest, based on the same valuation.
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EJH | Hot Stocks15:10 EDT E-Home Household to expand household services business via stake acquisitions - E-Home Household Service Holdings announced that its affiliated variable interest entity, Pingtan Comprehensive Experimental Area E Home Service Co., or "E-Home Pingtan," had entered into an equity transfer agreement to acquire 33% equity interests of "Happiness Yijia" in cash; an equity transfer agreement to acquire 100% equity interests of "Jin Ri Dao Jia" in cash; and an equity transfer agreement to acquire 55% equity interests of "Zhi Xie Education" and 55% equity interests of "Ju Shang Enterprise" in cash. Wenshan Xie, Chairman and CEO of the company, commented, "We believe that with the recent three-child policy, the demand for child care, housekeeping and other household services will further rise, and our acquisitions of stakes in the four companies will help further expand our household services and enable us to better seize the opportunities brought by the three-child policy."
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DDAIF | Hot Stocks14:49 EDT Mercedes-Benz confirms EQS sedan price starts at EUR106,374.10 - Daimler's Mercedes-Benz brand confirmed that the EQS sedan can be ordered today with prices starting at EUR106,374.10 for the ES 450+ and EUR135,529.10 for the EQS 580 4MATIC. "The EQS combines technology, design, functionality and connectivity in a completely new way," the company said. "The EQS is the first Mercedes-Benz to offer the option of activating completely new vehicle functions via over-the-air updates (OTA) in many areas."
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MU | Hot Stocks14:37 EDT Micron still seeing 'robust' cloud demand, auto 'very strong' as well - Speaking at the Technology Leadership Forum, Micron CFO David Zinsner told KeyBanc analyst John Vinh that, "For the third quarter, we see very positive trends both for DRAM and NAND. In Cloud, we're still seeing robust demand. On the enterprise front, which had been negatively impacted by COVID, we've seen things improve as more people migrate back to offices. On the Mobil front, I would characterize as stable right now but expect to see it get stronger in the second half of the year. On the automobile side and industrial business... that is very strong. We're struggling to keep up with that demand. On the consumer front, seeing a slowdown which is not surprising during the summer months. PC is mixed." "Inventory at suppliers is very low. On distribution side, inventories are low as well. On the consumer side, inventories are in good shape," he added.
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MYMD | Hot Stocks14:31 EDT MyMD Pharmaceuticals reports issuance of U.S. patent for synthetic cannabinoids - MyMD Pharmaceuticals announced that the United States Patent and Trademark Office has issued U.S. Patent No. 11,085,047 titled "Synthetic Cannabinoid Compounds for the Treatment of Substance Addiction and Other Disorders." "The patent protects the company's drug candidate Supera-CBD, a synthetic cannabidiol derivative that targets cannabinoid receptor type 2 for the treatment of neuroinflammatory and neurodegenerative diseases. It also protects pharmaceutical compositions containing the Supera-CBD compound. Supera-CBD is being developed to address anxiety, chronic pain, addiction, and seizures, and is on a path toward human clinical trials as a therapy for epilepsy, followed by chronic pain," MyMD said.
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VIVHY PSHZF | Hot Stocks14:26 EDT Pershing Square acquires initial stake in Universal Music Group - Pershing Square Holdings (PSHZF) announced that Pershing Square Holdings Ltd., Pershing Square L.P., and Pershing Square International Ltd., through an affiliated entity, have acquired 128,555,017 Ordinary Shares of Universal Music Group, representing 7.1% of the company from Vivendi S.E. (VIVHY) for approximately $21.78 per share, or EUR18.58 per share at today's exchange rate. The total cash consideration of $2.8B represents an equity value for UMG of EUR 33B. PSH's share of the cash consideration is approximately $2.5B. PSH and its affiliates have the right to acquire up to an additional 2.9% of UMG's Ordinary Shares at the same price per share by September 9, 2021, which right Pershing Square intends to exercise.
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ADPT | Hot Stocks14:24 EDT Adaptive, Curebase announce collaboration to expand clinical study access - Curebase and Adaptive Biotechnologies Corp. announced an ongoing research collaboration to broaden patient participation in Adaptive's clinical studies. The initial two studies of the partnership involve Adaptive's T-Detect diagnostic test. T-Detect is under development for multiple diseases translating the natural diagnostics capability of T-Cells into clinical practice. The first study will validate the effectiveness of T-Detect for patients with Lyme disease. Lyme disease tends to impact people in rural areas, where a lack of clinical research sites makes it more challenging to recruit participants for clinical studies. In a second study, the two companies will collect and analyze long-term data from COVID-19 patients who have used Adaptive's T-Detect COVID clinically available test. "Clinical study modernization is a critical factor for keeping pace with medical innovation," said Dr. Lance Baldo, Adaptive's chief medical officer. "The flexibility of Curebase's platform expands our access to hard to reach and more diverse patient groups, while allowing patients to preserve relationships with their providers. The end result is a stronger study and more effective tests that benefit more people."
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SYKE | Hot Stocks13:58 EDT Sykes Enterprises provides regulatory update on Sitel merger - Sykes Enterprises announced that the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 regarding the all-cash acquisition by Sitel Group expired at 11:59 PM ET on August 9, 2021. The proposed transaction has received antitrust clearance in other key foreign jurisdictions. The transaction, which is expected to be completed in the second half of 2021, remains subject to certain closing conditions, including the approval of SYKES' shareholders at its Special Meeting, which is scheduled for August 24, 2021 at 8 AM ET at the Rivergate Tower, 400 N. Ashley Drive, Suite 320, 3rd Floor, Conference Room A, Tampa, FL 33602. Upon the closing of the transaction, which was approved unanimously by the company's Board of Directors, SYKES will become a privately-held company and its shares will cease trading on Nasdaq.
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AEVA NINOY | Hot Stocks13:24 EDT Aeva, Nikon partner for 4D LiDAR in industrial automation, metrology markets - Aeva (AEVA) announced a strategic collaboration with Nikon Corporation (NINOY). The companies will focus on bringing Frequency Modulated Continuous Wave 4D LiDAR with unique micron-level measurement capability to high precision industrial automation and metrology applications. The company said, "The goal of the partnership is to develop next-generation industrial solutions using Aeva's unique, industry-first 4D LiDAR on chip technology. By leveraging Nikon's market-leading position in laser radar technology and excellence in industrial precision, Aeva and Nikon expect to accelerate adoption of joint products in industrial automation, metrology and manufacturing applications." Reference Link
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AMD | Hot Stocks13:13 EDT Moody's upgrades Advanced Micro Devices to Baa1, keeps under review for upgrade - Moody's Investors Service announced that it has upgraded the senior unsecured rating of Advanced Micro Devices and kept the rating under review for upgrade "following the company's exceptionally strong performance and outlook since Moody's initially placed the ratings under review in October 2020 following the company's announcement that it agreed to acquire Xilinx, Inc. in an all-stock transaction, which at the time was valued at approximately $35 billion." Both boards of directors and many regulatory authorities have approved the transaction, and subject to full regulatory approval, the acquisition is expected to close by the end of 2021, said Moody's, which added that the review for upgrade "reflects the credit positive nature of the proposed acquisition because, aside from all equity funding, it would diversify AMD's revenue and earnings sources, and broaden its portfolio outside of its core personal computer, server, and gaming end markets." Reference Link
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CNI... | Hot Stocks13:03 EDT STB sees ruling on CN and KCS voting trust motion by August 31 - The Surface Transportation Board, or STB, issued a statement that reads in part: "The Board is currently considering a motion, filed jointly by Canadian National Railway (CN) and Kansas City Southern Railway (KCS), to approve the parties' proposed voting trust agreement. By decision served on May 17, 2021, the Board determined that the proposed transaction between CN and KCS would be governed by the regulations set forth at 49 C.F.R. part 1180, as adopted in Major Rail Consolidation Procedures, 5 S.T.B. 539 (2001). Since then, the Board has received numerous submissions containing information and argument both in support of, and opposing, approval of the voting trust. The Board has also received many inquiries from industry stakeholders, the public, and the media as to the timing of a Board decision on the pending voting trust motion, particularly in light of the anticipated vote of the KCS shareholders on the proposed merger, which is currently scheduled for August 19, 2021. In response to these inquiries and to provide as much information as is possible with respect to the timing of a decision, the Board is issuing this statement today to announce that the Board expects to issue a decision on the proposed voting trust no later than August 31, 2021." Reference Link
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ACY | Hot Stocks12:58 EDT AeroCentury says filed notice with bankruptcy court on investment terms - In a regulatory filing earlier, AeroCentury disclosed that on August 9, 2021, in the United States Bankruptcy Court for the District of Delaware in the Chapter 11 case of AeroCentury Corp. and its two U.S. subsidiaries, JetFleet Management Corp., and JetFleet Holding Corp, the debtors filed notice with the bankruptcy court that an investment term sheet had been executed by AeroCentury with Yucheng Hu, Hao Yang, Jing Li, Yeh Ching and Yu Wang, and identifying such individuals as "plan sponsor" chosen by the debtors to provide equity investment of $11M into AeroCentury through the purchase of common stock from AeroCentury, as part of the debtors' plan of exit from Chapter 11. The filing noted: "As soon as practicable following the effective date, AeroCentury will make a cash dividend distribution to the Legacy ACY Shareholders in the aggregate amount of $1M, funded from the purchase price paid by plan sponsor for the New ACY Shares... Following the effective date, AeroCentury will have a board of directors initially consisting of five members, which will consist of three directors designated by Yucheng Hu, the 'lead investor,' and two directors to be mutually agreed upon by the lead investor and the current incumbent board of directors."
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MSFT | Hot Stocks12:57 EDT Microsoft acquires Peer5 to enhance live video streaming in Microsoft Teams - Microsoft announced that it has acquired Peer5 "to expand our ability for delivering secure, high-quality, large-scale live video streaming with optimized network performance in Teams. Peer5 offers a WebRTC-based eCDN solution that runs in-browser to optimize bandwidth usage helping mitigate impacts to network and line of business applications. Its mesh networks are self-balancing and automatically scale as the number of viewers increase. The technology does not require additional installation on user endpoints or changes to the physical network infrastructure. Additionally, the Peer5 solution will allow Microsoft to provide a first-party offering to help customers streamline purchase process and customer support, improving their enterprise IT management experience. Microsoft will continue to support eCDN solutions from Microsoft certified partners in addition to Peer5 eCDN; and current Peer5 customers will be able to continue using Peer5 services. Microsoft will provide more information when available. Together with Peer5, we're thrilled to advance our commitment for building a better hybrid workplace for a new era of communications." Reference Link
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HUBG NGG | Hot Stocks12:43 EDT Hub Group names Thomas LaFrance as general counsel and secretary - Hub Group (HUBG) announced that it has appointed Thomas P. LaFrance as EVP, General Counsel and Secretary of Hub Group."We are pleased to welcome Tom to the Hub Group team. His experience across multiple industries, including transportation, coupled with Mergers & Acquisitions, public company, corporate governance and regulatory experience is a great fit," said David Yeager, Hub Group Chairman and CEO. "Tom has the experience to guide Hub Group through this next phase of growth as an industry-leading supply chain solutions provider." LaFrance has held multiple General Counsel positions including most recently with National Grid (NGG).
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ACY | Hot Stocks12:35 EDT AeroCentury trading resumes
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YALA | Hot Stocks12:00 EDT Yalla falls -15.1% - Yalla is down -15.1%, or -$2.04 to $11.51.
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OSH | Hot Stocks12:00 EDT Oak Street Health falls -17.2% - Oak Street Health is down -17.2%, or -$10.85 to $52.09.
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CSPR | Hot Stocks12:00 EDT Casper Sleep falls -18.2% - Casper Sleep is down -18.2%, or -$1.26 to $5.66.
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FSR | Hot Stocks12:00 EDT Fisker rises 19.5% - Fisker is up 19.5%, or $2.94 to $17.96.
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DDD | Hot Stocks12:00 EDT 3D Systems rises 38.3% - 3D Systems is up 38.3%, or $10.86 to $39.21.
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CSU | Hot Stocks12:00 EDT Capital Senior Living responds to Ortelius Advisors concerns - Capital Senior Living confirmed that it received a letter from Ortelius Advisors regarding the recently announced transactions with Conversant Capital. The company said, "The Company values constructive engagement with our stockholders and is committed to maximizing stockholder value. As previously announced, the Board of Directors of the Company engaged in a thorough process to explore strategic alternatives and seek financing sources for the Company to address its liquidity needs and following the completion of this review, the Board unanimously approved the proposed transaction with Conversant. The Board's process and rationale for approving the transactions will be set out in more detail in the preliminary proxy statement which will be available to stockholders on the SEC's website in the near term."
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ZEV | Hot Stocks12:00 EDT Lightning eMotors rises 51.8% - Lightning eMotors is up 51.8%, or $3.32 to $9.73.
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WRAP | Hot Stocks11:46 EDT Wrap Technologies: Colorado officers 'successfully' deployed BolaWrap - Wrap Technologies announced the release of new bodycam footage following a BolaWrap deployment in Bayfield, Colorado that assisted officers to safely and humanely restrain a woman experiencing a mental health crisis. On July 26, 2021, Bayfield Marshall's Office in Colorado responded to a woman reported to be suicidal who had fled from a hospital. Deputy Derick Campbell, the officer who deployed the BolaWrap, commented on the encounter during an interview with WRAP CEO and President Tom Smith: "I was actually in the middle of doing a training for the BolaWrap to certify one of our Sergeants, and we got a call for a suicidal girl. We arrived, she kind of threw a fit and tried to barricade herself in the room. We got her into custody and got the ambulance to transport her, and we took her to the hospital. We were about halfway back to town, and we got a call from the hospital that she had escaped the hospital. We ended up turning back around, and we find her walking down the street. I tried talking to her, and I get her to stop for a minute, but she's not super cooperative. She started walking towards me again, and I wrapped up her legs, and we were able to move in and take her into custody safely. The BolaWrap did exactly what we needed it to do. The startling effect alone and the time it took her to realize something had happened gave us a window of opportunity to get her in handcuffs."
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D | Hot Stocks11:43 EDT Dominion to convert 75% of passenger vehicles to electric power by 2030 - Dominion Energy announced a suite of carbon-reduction goals that will transform the fleet of more than 8,600 vehicles that serves millions of customers across 16 states. The Green Fleet initiative will help Dominion Energy achieve its goal of net zero carbon dioxide and methane emissions, while showing the way for clean-energy progress in the transportation sector, the largest contributor of greenhouse gas emissions in the U.S. Among Dominion Energy's commitments: 75% of passenger vehicles, including sedans and SUVs, will be converted to electric power by 2030. 50% of work vehicles - from full-size pickups and bucket trucks to forklifts and ATVs - will be converted by 2030 to plug-ins, battery electric vehicles, or vehicles fueled by cleaner-burning alternatives, such as hydrogen, renewable natural gas, and compressed natural gas. In the transition, the company will make use of trucks equipped with emissions-reducing ePTO systems. 100% of all new vehicles - from sedans to heavy-duty vehicles - purchased will be powered either by electricity or alternative fuels, after 2030. In support of the goals announced today, the company will expand infrastructure supporting EV charging and alternative fuels at local offices and other facilities.
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KSU... | Hot Stocks11:04 EDT Kansas City Southern confirms receipt of proposal from Canadian Pacific - Kansas City Southern (KSU) announced that it has received an unsolicited proposal from Canadian Pacific Railway Limited (CP) to acquire KCS in a transaction whereby shareholders of KCS would receive 2.884 CP common shares and $90 in cash for each share of KCS common stock held. On May 21, 2021, KCS announced that it had entered into a definitive agreement with CN (CNI), pursuant to which CN agreed to acquire KCS in a stock and cash transaction valued at $325 per KCS share based on the CN and KCS closing prices on May 12, 2021. The transaction is subject to customary closing conditions including receipt of regulatory approvals and the approval of KCS shareholders. The KCS board of directors will evaluate CP's proposal in accordance with the terms of KCS' merger agreement with CN, and will respond in due course. The KCS board of directors has not made any determination with respect to CP's proposal at this time.
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ALGT | Hot Stocks11:04 EDT Allegiant Travel announces new aircraft, crew bases in Flint, Appleton - Allegiant Travel announced plans to establish two new aircraft and crew bases during the first quarter of 2022, at Flint Bishop International Airport in Michigan and Appleton International Airport in Wisconsin. "Flint and Appleton have been incredibly successful cities for Allegiant, where we've grown our operations steadily over the years," said Drew Wells, senior vice president of revenue and planning. "It makes perfect sense to establish aircraft and crew bases in these great communities, furthering our presence as a hometown airline. Having locally-based operations will mean opportunities for expanded hours, as well as more - and more frequent - flight offerings for local residents. These new bases will also be pivotal to stretching our network, increasing nonstop flight offerings throughout the country as demand for leisure travel continues to rebound." At Flint Bishop International Airport, Allegiant will begin base operations with three Airbus A320 aircraft and at least 89 crew members, maintenance technicians and support staff on February 16, 2022 - an investment of $75M. At Appleton International Airport, a $50M investment will include two locally-based Airbus A320 aircraft and bring at least 66 new jobs to the community. Allegiant will begin base operations at ATW on March 2, 2022.
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TGEN | Hot Stocks11:02 EDT Tecogen receives 250kW microgrid order for residential building in Manhattan - Tecogen announced an order for two InVerde e+ microgrid enabled cogeneration systems to a large residential building in Manhattan, New York. The system will supply energy to the facility throughout the year at a much higher efficiency than the utility while also reducing the building's carbon footprint, Tecogen said. The system is expected to be serviced by Tecogen's Piscataway, New Jersey service center.
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MYMD ORMP | Hot Stocks10:32 EDT MyMD's Oravax Medical preparing to commence trials for COVID-19 vaccine - MyMD Pharmaceuticals (MYMD) reported that its subsidiary Oravax Medical, partially owned with its majority partner Oramed Pharmaceuticals (ORMP), is preparing to commence clinical trials for its oral COVID-19 vaccine, first in Israel, then in additional clinical sites internationally. Oravax's COVID-19 vaccine is being developed for use both as a standalone vaccine and as a booster for people who have been previously vaccinated for COVID-19. Oramed and MYMD are currently evaluating several options with respect to their interest in Oravax including a potential distribution of Oravax shares to both Oramed and MYMD shareholders. This would make Oravax a publicly held company that may then apply for listing on Nasdaq if eligible. MyMD's ownership of Oravax consists of 13% of Oravax's outstanding shares of capital stock and a 2.5% royalty on all future net sales. MyMD recently announced that a human cell research study of its lead clinical compound MYMD-1 found the drug to be effective in suppressing the cytokine storm, a major cause of severity and death in COVID-19 patients. A Phase 2 trial of MYMD-1 as a therapy for COVID-19-associated depression and cytokine elevation is expected to begin by the fourth quarter of 2021 with initial trial data expected in the first quarter of 2022.
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PYPL | Hot Stocks10:26 EDT PayPal announces 'Cash Back to Crypto' offering for Venmo credit card - PayPal's Venmo announced "Cash Back to Crypto," which it describes as "a new way for Venmo Credit Card customers to automatically purchase cryptocurrency from their Venmo account using cash back earned from their card purchases." The PayPal unit stated: "The new feature, which further enhances the Venmo Credit Card's dynamic rewards experience, expands choice in how customers can spend their cash back while allowing them to start exploring crypto within the Venmo environment they know and love. Starting today, Cash Back to Crypto will be rolling out to Venmo Credit Cardholders, offering more ways to use cash back and expanding on Venmo's crypto functionality, which launched earlier this year." Cash Back to Crypto is rolling out to Venmo Credit Card customers beginning today and will be available to all eligible Venmo Credit Cardholders in the coming weeks. Reference Link
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SYY | Hot Stocks10:21 EDT Sysco: July FY22 sales were more than $4.9B
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MRNA | Hot Stocks10:19 EDT Moderna, Canada announce collaboration to bring mRNA manufacturing to Canada - Moderna announced a Memorandum of Understanding with the government of Canada to build a state-of-the-art messenger RNA vaccine manufacturing facility in Canada including access to Moderna's mRNA development engine. The goals of this MoU are to build the foundation to support Canada with direct access to rapid pandemic response capabilities and to provide access to Moderna's vaccines in development for respiratory viruses. "I would like to thank the Government of Canada for the partnership they have built with us and for their faith in our data, science and early confidence in our mRNA platform in addressing the COVID-19 pandemic. We recently announced data from the final analysis of the Phase 3 COVE study demonstrating that vaccination with the Moderna COVID-19 vaccine showed 93% efficacy, with this efficacy remaining durable six months after administration of the second dose," said Stephane Bancel, Chief Executive Officer of Moderna. "As a company, we are committed to global public health. While we are still responding to this pandemic, we also want to ensure we and society learn from it. As Moderna expands internationally, we are delighted to bring mRNA manufacturing to Canada. We believe that this innovative business model will have global impact and implications." Moderna is committed to working with governments, health care professionals and other key stakeholders to meet the challenges of the COVID-19 pandemic and future pathogens. Moderna expects to invest in a state-of-the-art manufacturing facility with the collaboration of the Canadian government. The collaboration aims to provide Canadians with access to a domestically manufactured portfolio of mRNA vaccines against respiratory viruses, including COVID-19, seasonal influenza, respiratory syncytial virus and potential other vaccines, pending licensure. The facility is intended to also be activated on an urgent basis to support Canada with direct access to rapid pandemic response capabilities. The company is in discussion with other governments about potential collaborations built on a similar model.
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ORA PCG | Hot Stocks10:09 EDT Ormat Technologies signs 10MW long-term resource adequacy agreement with PG&E - Ormat Technologies (ORA) announced that it has signed a Long-Term Resource Adequacy agreement with Pacific Gas and Electric Company (PCG) for its 20MW/40MWh Pomona-2 facility that is currently under construction. The Pomona 2 project will be located adjacent to and will utilize existing infrastructure from the operating Pomona 1 facility. Under the 10-year agreement, the Pomona-2 facility will provide 10MW of Resource Adequacy to PG&E and will also participate in the energy and ancillary services markets run by the California Independent System Operator. Ormat will undertake engineering, procurement and construction of this project, leveraging its core EPC capabilities and expects the project to begin commercial operation by October 2022. The Pomona-2 facility will add 20MW/40MWh to Ormat's current 83MW/176MWh operating energy storage portfolio and supports Ormat's plans to add between 200-300MW of additional energy storage projects by the end of 2023. The Long-Term Resource Adequacy agreement with PG&E was recently filed with the Public Utilities Commission for approval.
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FULC | Hot Stocks10:07 EDT Fulcrum Therapeutics trading resumes
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SYY | Hot Stocks10:06 EDT Sysco: Food away from home 'vibrant,' 'healthy'
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SYY | Hot Stocks10:06 EDT Sysco: U.S. foodservice industry within 5% of 2019 levels - Comments taken from Q4 earnings conference call.
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EPAM | Hot Stocks10:04 EDT Epam Systems announces acquisition of Colombia-based S4N - Epam Systems announced that it is expanding its global footprint within the Latin American region with the acquisition of Colombia-based S4N, which it calls "a leading software development services firm specializing in the design and development of modern software products and enterprise platforms." Victor Dvorkin, SVP, Head of Global Delivery at Epam, said: "The acquisition of S4N enables our continued progress in building a more agile, diverse and global delivery organization. With the addition of hundreds of talented engineers in key LATAM locations, we can deliver enhanced and truly multidisciplinary engagements to our customers in the Americas and around the world."
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ZEV | Hot Stocks10:03 EDT Lightning eMotors trading resumes
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FULC | Hot Stocks10:02 EDT Fulcrum Therapeutics trading halted, volatility trading pause
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OSH | Hot Stocks10:00 EDT Oak Street Health falls -13.6% - Oak Street Health is down -13.6%, or -$8.58 to $54.36.
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YALA | Hot Stocks10:00 EDT Yalla falls -13.7% - Yalla is down -13.7%, or -$1.85 to $11.70.
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NLS | Hot Stocks10:00 EDT Nautilus falls -14.4% - Nautilus is down -14.4%, or -$2.07 to $12.26.
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DDD | Hot Stocks10:00 EDT 3D Systems rises 25.4% - 3D Systems is up 25.4%, or $7.19 to $35.54.
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FSR | Hot Stocks10:00 EDT Fisker rises 25.9% - Fisker is up 25.9%, or $3.89 to $18.92.
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ZEV | Hot Stocks10:00 EDT Lightning eMotors rises 55.1% - Lightning eMotors is up 55.1%, or $3.53 to $9.94.
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ZEV | Hot Stocks09:58 EDT Lightning eMotors trading halted, volatility trading pause
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NNOX | Hot Stocks09:58 EDT Nano-X Imaging to acquire Zebra Medical Vision in deal worth up to $200M - Zebra Medical Vision announces it has entered into an agreement to be acquired by Nanox by a merger transaction in a deal valued at up to $200M. $100M will be paid upfront and up to additional $100M, subject to certain deductions, will be paid upon achievement of certain milestones. As a result of the acquisition, the medical imaging pioneers will leverage Zebra-Med's industry-leading team, cutting-edge AI technology and cloud capabilities, and unprecedented regulatory framework to form the next-generation medtech juggernaut.
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SYY | Hot Stocks09:57 EDT Sysco looks to deleverage balanace sheet a further $450M in FY22
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SYY | Hot Stocks09:56 EDT Sysco: Restaurant foot traffic up since March 2021, surpassing grocery
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SYY | Hot Stocks09:55 EDT Sysco: Currently no signs of Delta variant impacting demand, 'strong' July sales
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SYY | Hot Stocks09:55 EDT Sysco: Reinstatement of buyback program to commence in FY22
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SYY | Hot Stocks09:54 EDT Sysco: U.S. recovery stronger than expected, taking hold in International - Comments taken from Q4 earnings conference call presentation slides.
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SQSP | Hot Stocks09:47 EDT Squarespace falls -12.4% - Squarespace is down -12.4%, or -$6.12 to $43.38.
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NLS | Hot Stocks09:47 EDT Nautilus falls -12.8% - Nautilus is down -12.8%, or -$1.83 to $12.50.
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OSH | Hot Stocks09:47 EDT Oak Street Health falls -14.9% - Oak Street Health is down -14.9%, or -$9.38 to $53.56.
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FSR | Hot Stocks09:47 EDT Fisker rises 20.6% - Fisker is up 20.6%, or $3.09 to $18.12.
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DDD | Hot Stocks09:47 EDT 3D Systems rises 22.2% - 3D Systems is up 22.2%, or $6.30 to $34.65.
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ZEV | Hot Stocks09:47 EDT Lightning eMotors rises 55.2% - Lightning eMotors is up 55.2%, or $3.54 to $9.95.
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EZGO | Hot Stocks09:43 EDT 808 Renewable Energy enters into cooperation agreement with EZGO Technologies - 808 Renewable Energy announces the Company has established a strategic cooperation relationship with EZGO Technology to team up together on OEM co-manufacturing. A tri-party agreement has been executed to have EZGO to handle the chassis and frame production, and to have Coleitec Composites Technology Co., Ltd. to handle the composite material production.
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FLGC | Hot Stocks09:41 EDT Flora Growth CEO tells The Fly "best is yet to come" - In a statement to The Fly, Flora Growth CEO Luis Merchan said, "The whole team at Flora Growth is thrilled with the accomplishments that we made during the first half of our fiscal year and believes that the best is yet to come. Our first major milestone was completing our IPO on May 11th as the first known cannabis cultivator to list on the NASDAQ without using a SPAC, reverse merger, or dual listing. We simultaneously invested in ourselves by adding strategic human capital specialized in the cannabis industry that will be critical to our growth strategy moving forward and also were able to leverage our terrific brand ambassadors Paulina Vega, Laura Londono, and Claudia Bahamon to further our growth initiatives. Afterward, we started to aggressively pursue deal flow and strategic partnerships which we expect to increase near-term and long-term revenue, optimize our global supply chain of premium brands and products, and maximize economics both domestically and abroad as we build out our global cannabis CPG distribution platform, underpinned by our low-cost, high-quality cannabis flower and derivatives grown and processed in Colombia. During the second half of the year, we'll be working hard to leverage our existing product portfolio and distribution channels to quickly deliver our cannabis products to Colombians and our international partners, especially the new products that we're now permitted to manufacture and sell as a result of the recent cannabis legislative changes within Colombia. Over the coming weeks, we'll be working hard to ramp up activities at our Cosechemos facility and Flora Lab, completing more revenue-generating sales and distribution agreements, research and development projects to produce innovative cannabis products, and additional activity regarding investment and strategic partnerships. Be sure to join our earnings call on Thursday, August 19th at 4:30PM ET to hear about all the first half of our year and guidance looking ahead."
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CNI... | Hot Stocks09:40 EDT Canadian National says 'continues to have a better bid' for Kansas City Southern - CN (CNI) issued a statement regarding CN's proposed "pro-competitive" combination with Kansas City Southern (KSU) and Canadian Pacific Railway's (CP) announcement that it has made another "inferior proposal" to acquire KCS, stating in part: "CN and KCS' agreed transaction remains superior and the best option for both companies' stakeholders to deliver on a combination that will enhance competition and provide new servicing options for customers... CN's proposal delivers an implied premium of 45% to KCS shareholders as well as participation in the significant upside of the combined company. CN's accepted proposal also reflects an 8% premium over CP's latest inferior offer of $300 per share. CN and KCS' joint voting trust application, which was filed on May 26, 2021, is currently under review by the Surface Transportation Board, or 'STB.' We await the STB's decision following a comprehensive comment period which resulted in overwhelming support from customers, suppliers, elected officials, organized labor, local communities and other stakeholders. CN and KCS are confident that the voting trust meets all the standards set forth by the STB and believe that, after a fair and thorough review by the STB, it should be approved. KCS shareholders will receive the merger consideration immediately upon the closing of CN's voting trust. Together, CN and KCS would create the premier railway for the 21st century, connecting ports in the United States, Mexico and Canada to expand North American trade and power economic prosperity. We will continue to take the necessary steps to deliver the many compelling benefits of this transaction to CN and KCS stakeholders."
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KPLT | Hot Stocks09:38 EDT Katapult removing 'explicit guidance' for remainder of 2021 - "Since our Q1 earnings call and continuing to date, many new developments emerged that have an impact to our business. We observed meaningful changes in both e-commerce retail sales forecasts and consumer spending behavior, and in the past few weeks, the onset of new policies from the COVID-19 variants. Given the current macro trends and uncertainty to accurately predict our consumer's buying behaviors for the remainder of the year, we believe it is best to remove explicit guidance for the remainder of 2021. While the short-term outlook may not be 100% clear, we do continue to believe in our mission, our core business fundamentals, and are extremely pleased with the progress of our strategic investments that will drive long term growth. We expect to have more insight into these new and evolving patterns by our third quarter earnings call," the company said.
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ADIL | Hot Stocks09:35 EDT Adial Pharmaceuticals awarded U.S., International patents for AD04 - Adial Pharmaceuticals provided an update on recently issued patents for the use of Adial's lead asset, AD04, for the treatment of both Alcohol Use Disorder and Opioid Use Disorder. AD04 is currently being evaluated in the Company's ONWARD trial, a Phase 3 clinical study to evaluate the efficacy, safety and tolerability of AD04 in patients with AUD, which is being conducted in seven countries. Recently issued patents: U.S. Patent Number 16,807,379 covering the use of AD04 as a treatment for OUD in patients with a specific genetic biomarker in the serotonin transporter gene. Canadian Patent Number 2716498 covering the use of AD04 for both OUD and AUD in patients with specific genetic biomarkers in the serotonin transporter gene. Israeli Patent Number 262874 covering the use of AD04 as a treatment for OUD in patients with specific genetic biomarkers in the serotonin transporter gene. Brazilian Patent Number PI09084258 covering the use of AD04 as a treatment for OUD in patients with specific genetic biomarkers in the serotonin transporter gene. The Company believes AD04 may hold significant potential for the treatment of OUD since the physiology and neurotransmitters involved in opioid addiction are similar to alcohol and could be expected to be modulated by a serotonin-3 receptor antagonist.
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HCDI | Hot Stocks09:34 EDT Harbor Custom Development closes 189 unit condominium site for $4.7M - Harbor Custom Development announced that it closed on a 40+ acre oceanfront parcel in Punta Gorda, Florida for $4,700,000 for the purpose of constructing 189 oceanfront condominium units. Located approximately 24 miles from Fort Myers, Florida, at 115 N Marion Court in Punta Gorda, the oceanfront property provides Harbor Custom Homes the opportunity to construct upscale waterfront condominiums in one of the strongest real estate markets in Southwest Florida. The population of the Cape Coral - Fort Myers metro area is approximately 790,000. The project consists of 189 one- and two-bedroom units that will range in size from approximately 1,400 to 1,750 square feet. It is anticipated that the condominiums will be priced from $500,000 to $650,000 and that the first units should be available for pre-sale in the fourth quarter of 2022. The site has immediate access to outdoor recreational activities and is adjacent to the Ponce De Leon Park. The Park's amenities include a boat ramp, fishing piers, mangrove boardwalk, playground, open air chapel area, and picnic pavilion. The Park also has a sandy beach area that is popular for watching the sunset and the boats cruising in and out of the channel in Punta Gorda Isles' canal system.
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PAVM | Hot Stocks09:32 EDT PAVmed's Lucid Diagnostics launches first Lucid Test Centers - PAVmed announced that its majority owned subsidiary Lucid Diagnostics has begun testing patients referred by primary care physicians at three Lucid Test Centers in the Phoenix metropolitan area. Patients with chronic heartburn, also known as gastroesophageal reflux diseases, who are referred to the centers undergo a rapid non-invasive office procedure, performed by Lucid-employed clinical personnel, using Lucid's EsoCheck Cell Collection Device to collect surface esophageal cells for its EsoGuard Esophageal Test. The three Lucid Test Centers operate in leased medical office suites located in Scottsdale, Tempe and Glendale, Arizona and are staffed by an EsoCheck-trained nurse practitioner and medical assistant employed by Lucid. Lucid estimates that a single nurse practitioner will be able to perform up to twenty EsoCheck procedures per day and expects each center to cover its personnel and medical office leases costs with only a few tests per week. Lucid has hired its first sales representative specifically tasked with calling on PCPs and whose efforts, working with regional business and market development managers, are now driving EsoGuard referrals to the Phoenix area test centers.
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CLSK | Hot Stocks09:31 EDT CleanSpark acquires second data center to increase Bitcoin mining capacity - CleanSpark announced that it has closed on its acquisition of an additional nearly 87,000 square foot data center in Norcross, Georgia, to substantially increase the company's Bitcoin mining operation. The $6.55M purchase of the former Sprint/Nextel data center situated on over 7 acres in Norcross, Georgia closed on August 6. The facility, located 33 miles from the current ATLData Center and CleanBlok operations in Atlanta, will provide 20 MW of additional power to CleanSpark's mining business with the opportunity for significant expansion. The company expects to complete the installation of the mining infrastructure and have the miners running by late 2021. The new facility's mining operations are expected to operate at 100% net carbon-neutral, achieved through its participation in Georgia's Simple Solar program. The program allows CleanSpark to offset any carbon-based energy included in the regional energy mix with solar power. The company also anticipates adding onsite renewables, including rooftop and ground mount solar and other microgrid energy solutions.
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ACY | Hot Stocks09:27 EDT AeroCentury trading halted, news pending
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NLS | Hot Stocks09:25 EDT Nautilus says longer-term gross margin pressures temporary - As part of its Q2 earnings, the company stated that it "believes the near-term external gross margin pressures are temporary and are not delaying the company's expectations of achieving sustainable operating margins upwards of 15% by FYE 2026, as they realize the long-term benefits of their transformational investments."
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DBRG | Hot Stocks09:25 EDT DigitalBridge to acquire controlling stake in Vertical Bridge, no terms - DigitalBridge announced that funds affiliated with DigitalBridge Investment Management, the Company's investment management platform, have reached a definitive agreement to acquire a controlling stake in Vertical Bridge Holdings, a private owner and operator of wireless communications infrastructure in the United States. "Vertical Bridge is the leading independent tower platform in the U.S., led by the preeminent tower management team in the industry," said Steven Sonnenstein, Senior Managing Director of DigitalBridge Investment Management. "Significant acceleration in 5G infrastructure spending in the U.S has created a tremendous long-term growth opportunity for telecommunications infrastructure and demonstrated that investments to support the next generation of mobility continue to be a powerful thematic. By consolidating Vertical Bridge's ownership via our fund management business, we will not only extend our long-standing relationship, but we will be even better positioned to support the Vertical Bridge team as they build on their market leadership and capitalize on exciting growth opportunities." The transaction is subject to various regulatory approvals and is expected to close during the fourth quarter of 2021. Financial terms of the transaction were not disclosed.
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BKTI | Hot Stocks09:20 EDT BK Technologies awarded $2.5M from USFS - BK Technologies announced that it has received a purchase order valued at $2.5M from the United States Department of Agriculture Forest Service for its new BKR 5000 portable communications technology. The purchase order is part of the Company's 5-year Blanket Purchase Agreement with the U.S. Department of Agriculture, announced in May 2021.
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ATHX | Hot Stocks09:20 EDT Athersys partner completes enrollment in TREASURE study - Athersys announced that its partner, Healios K.K., has completed enrollment in its TREASURE study in Japan, evaluating MultiStem cell therapy treatment in patients who have suffered an ischemic stroke.
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SAM PEP | Hot Stocks09:18 EDT Boston Beer to partner with PepsiCo for launch of alcoholic 'HARD MTN DEW' - The Boston Beer Company (SAM) and PepsiCo (PEP) announced plans to enter a business collaboration to produce "HARD MTN DEW" alcoholic beverage. "The partnership unites Boston Beer's world-class innovation and expertise in alcoholic beverages with one of PepsiCo's most iconic and beloved brands. Adults of legal drinking age will experience the HARD MTN DEW bold flavors and distinctive branding, all with an Alcohol by Volume of 5%, perfect for occasions to dial-up the fun. This new flavored malt beverage will be marketed to adults of legal age and merchandized consistently with other alcohol beverages. As part of the business arrangement, Boston Beer will develop and produce new HARD MTN DEW and PepsiCo has set up a new entity to sell, deliver, and merchandise the product. Consumers should anticipate finding HARD MTN DEW on shelves in early 2022," the companies said.
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AOTVF | Hot Stocks09:12 EDT Ascot Resources announces outlook for 2021 - Management is planning a number of activities for the remainder of 2021, which include: Continuing to progress on 2021 exploration plan at higher elevations to focus on prospective area near the Day Zone and north of Premier deposit. A second surface drill rig is planned to be added in the coming weeks. Progressing to the third stage of review comments from the regulators and NLG on Joint MA/EMA Application with a target to completion in Q3, 2021. Continuing to advance detailed engineering, Early Works construction program including the installation of the Ball and SAG mill in Q3 2021 and ordering of other long lead time equipment. Progressing the early works on the water treatment plant and water distribution system and haul road upgrades and installation of the construction camp.
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CLOV | Hot Stocks09:11 EDT Clover Health now supports all FHIR-enabled EHRs - Clover Health announces support of FHIR, or Fast Healthcare Interoperability Resource, in the Clover Assistant. Clover continues to invest in platform capabilities that advance adoption of FHIR, and now the Clover Assistant has the technical foundation to facilitate integrations with all FHIR-enabled EHRs, or electronic health records, such as athenahealth, Cerner and Epic, as well as any cloud platform with centralized FHIR storage, including Amazon Web Services, Microsoft Azure, and Google Cloud. FHIR increases the speed and specificity of recommendations within the Clover Assistant and enables entirely new functionality due to the expedited push and pull of clinical data from EHR systems. The first new feature made possible by FHIR allows primary care physicians using the Clover Assistant, and those who have integrated it into their existing EHR, to reduce patients' medication burden through a process called deprescribing.
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HPQ | Hot Stocks09:10 EDT HP Inc. introduces HP Chromebook x2 11, HP Chromebase All-in-One Desktop - HP Inc. expanded its robust Chrome OS ecosystem for customers seeking ultimate versatility and mobility in today's hybrid world, with the introduction of the HP Chromebook x2 11 and the HP Chromebase 21.5 inch All-in-One Desktop. HP also announced the new Works With Chromebook certified HP M24fd USB-C Monitor for a seamless user experience when pairing with Chromebooks and other accessories.
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TNGX BCTG | Hot Stocks09:09 EDT Tango Therapeutics to debut as publicly traded company - Tango Therapeutics announced the completion of its business combination with BCTG Acquisition (BCTG), a special purpose acquisition company sponsored by Boxer Capital. Tango Therapeutics. the resulting combined company, will commence trading on the Nasdaq Capital Market under the symbol "TNGX" on August 11, 2021. Tango will have a total cash position of approximately $515M after transactions costs, which includes approximately $342M from BCTG's trust account and the private investment in public equity financing expected to fund later today. BCTG's shareholders approved the transaction on August 9, 2021. The transaction was previously approved by Tango Therapeutics' shareholders. Tango Therapeutics' management team will continue to be led by Barbara Weber, MD, President and Chief Executive Officer.
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AMIH | Hot Stocks09:09 EDT American International Holdings' LifeGuru adds new service features - American International Holdings announced that its LifeGuru online life-coaching platform subsidiary has added numerous, robust new service features along with important upgrades and enhancements to www.LifeGuru.me - triggering its ramp-up of coach recruitment initiatives. The LifeGuru online platform enables consumers to connect directly with a variety of expert life, executive, health and wellness, leadership, and career coaches worldwide for affordable, expert tele-video coaching and mentorship services from their laptop or mobile device. A partial list of additional features, enhancements and upgrades made to the LifeGuru.me site over the past several months includes: Upgraded Coach Services Hub: Provides coaches a simple-to-navigate "all under one roof" environment including: direct client inquiries, promotion of services, calendar management with session booking and scheduling, new payout and reporting features implemented and integrated with merchant payment system, and proprietary private, and secure in-house video conferencing; New Blog Section: Enables coaches to showcase their expertise, and promote their practice with distinctive content for current and prospective clients ; More Flexible Service Options: Offers three different coach subscription levels, including a "90-day free trial" option; Featured Coaches Carousel: Allows certain coaches to be featured on the Lifeguru.me home page; Auto Prompted Testimonials: At the conclusion of each session, prompts clients to leave genuine reviews which are displayed on each coach's profile; Website Mobile Optimization: Overall site enhancements for easier and seamless tele-video and interaction with coaches across all mobile devices and platforms.
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EDTK | Hot Stocks09:07 EDT Skillful Craftsman announces strategic partnership with Wuxi Talent Home - Skillful Craftsman Education Technology announced a strategic partnership with Wuxi Talent Home Information Technology. The partnership will combine Skillful Craftsman's expertise in vocational education with WTH's leadership in the regional flexible staffing market to better serve talents and employers. Under the cooperation framework, the company will provide WTH with free elementary skills training courses and paid vocational skills certificate training courses. The company will also help WTH expand its business scale by increasing customer channels and, as the consideration, WTH agrees to share corresponding revenue. Xiaofeng Gao, Chairman and CEO of Skillful Craftsman, commented, "The cooperation with the WTH is an important step for our strategic development. We can effectively increase our user stickiness and boost revenue by providing vocational skills training closer to the actual needs of employers and applying the embedded cooperation of Internet platform technology and flexible staffing platform. The experience drawn from this cooperation will also help both us and the WTH replicate this model and expand to other regions to lay a more solid foundation for further business development."
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CMTL | Hot Stocks09:06 EDT Comtech says during Q4 it was awarded a $1M contract for high power amplifiers - Comtech Telecommunications announced , that during its fourth quarter of fiscal 2021, it was awarded a $1.0M for high-power amplifiers from a major domestic prime contractor. These amplifiers, which utilize the latest in solid-state GaN transistor technology, are key transmit elements in a data communication system. They add to an installed base of Comtech solid-state high-power RF amplifiers previously delivered to this major domestic prime contractor.
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THFF | Hot Stocks09:06 EDT First Financial to acquire Hancock Bancorp for $18.38 per share in cash - First Financial Corporation the bank holding company of First Financial Bank and Hancock Bancorp, Inc., the bank holding company of Hancock Bank & Trust Company announced the signing of a definitive merger agreement. First Financial will pay $18.38 per share in cash for each share of Hancock's common stock outstanding. The aggregate value of the transaction is $31.35 million. Upon completion of the acquisition, the combined company is expected to have approximately $5.0 billion in assets, $2.9 billion in loans, $4.2 billion in deposits and 89 branch offices across Indiana, Illinois, Kentucky and Tennessee. First Financial expects the transaction to be approximately 7% accretive to earnings per share. Founded in 1888, Hancock Bank & Trust Company currently operates seven banking locations in western Kentucky. As of June 30, 2021, Hancock reported assets of $334 million, gross loans of $249 million and deposits of $285 million. The merger agreement has been unanimously approved by the boards of directors of each company. The transaction is expected to close in the fourth quarter of 2021, subject to approval of Hancock's shareholders, regulatory approvals and other customary closing conditions.
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HOOD | Hot Stocks09:03 EDT Robinhood to acquire Say Technologies for about $140M - Aparna Chennapragrada, Chief Product Officer, Robinhood, announced in a blog post: "One of our core values is Participation is Power. We think there's room for everyone in the financial markets and we're always working to help first-time investors become long-term investors. We're excited to share that Robinhood Markets has signed an agreement to acquire Say Technologies for approximately $140 million, subject to customary purchase price adjustments, in an all cash deal. Say is a mission-driven company that's built an innovative communication platform that makes it easier for investors to exercise their ownership rights. Like Robinhood, Say was built on the belief that everyone should have the same access to the financial markets as Wall Street insiders. We share a common goal of eliminating the barriers that keep people from participating in our financial system... As part of the Robinhood family, Say will keep offering its proxy voting services and Q&A platform to existing customers. And together, we'll find new ways to expand what it means to be an investor through new products and experiences that democratize shareholder access." Reference Link
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BYND YUM | Hot Stocks09:02 EDT Yum! Brands' Pizza Hut expands partnership with Beyond Meat - Pizza Hut and Beyond Meat have reunited, and it tastes so good. The two innovation leaders are entering another milestone in their partnership with the debut of Beyond Pepperoni, a delicious plant-based version of Pizza Hut's #1 selling pizza topping, and a first for both brands. Beginning August 10, the Beyond Pepperoni Pizza will be available as a test in nearly 70 locations across five U.S. markets for a limited time, only at Pizza Hut.
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GLW | Hot Stocks08:55 EDT Corning introduces cellular solutions to enable 5G connection indoors - Corning Incorporated introduced new high-performance cellular solutions designed to help network operators bring reliable 5G connection indoors with small-cell radio nodes that are easy to install and cost-effective to operate. 5G capabilities are at the forefront of enabling the world's most advanced connectivity and unrivalled network speeds. Today, 80% of mobile traffic originates or terminates indoors, and some 5G frequencies do not penetrate physical barriers, such as walls, as well as 4G/LTE frequencies. With the demand on bandwidth intensifying, network operators will require reliable systems that bring 5G indoors. Corning's Everon mmWave indoor small-cell systems are designed to deliver 5G-ready coverage in high-density environments - including office buildings, factories, hotels, hospitals, and classrooms - where large amounts of data must be managed and transmitted. These systems are designed to operate at commonly used frequencies, including 28 GHz and 39 GHz, for carrier networks and enterprise network operators who are looking to bring reliable 5G connectivity indoors.
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TOMZ | Hot Stocks08:55 EDT TOMI Environmental Solutions receives order for iHP Customer Engineered System - TOMI Environmental Solutions has secured a project to install an iHP Custom Engineered System for a major pharmaceutical company in Europe. Annually, TOMI submits multiple proposals to global pharmaceutical companies for custom installations of TOMI's solutions for their manufacturing facilities. As COVID restrictions subside, proposals and projects that were put on hold due to the pandemic have started to resume. The system will be used for sterilization of the filling room and adjacent personnel airlocks, including Restricted Access Barrier Systems of both the filling machines and power feeding systems, all of which must meet the European cGMP requirements. With a projected completion date in the fourth quarter of 2021, the installation is anticipated to be TOMI's most intelligent system to date, due to the advanced software programming required for operation.
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ROP | Hot Stocks08:54 EDT Roper Technologies to divest Zetec business in $350M transaction - Roper Technologies announced that it has reached a definitive agreement to sell its Zetec business to Eddyfi/NDT in an all-cash transaction valued at approximately $350M. Zetec has generated approximately $64M of revenue and $17M of EBITDA over the last 12 months. The Company expects this transaction to close at the end of this year, subject to customary closing conditions, including regulatory approvals.
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SKYE | Hot Stocks08:54 EDT Skye Bioscience completes THCVHS IND-enabling in vitro genotoxicity studies - Skye Bioscience has successfully completed genotoxicity studies of THCVHS required prior to beginning its planned Phase 1 clinical study in Australia. Skye is initially developing THCVHS as a treatment of glaucoma. Genotoxicity safety studies are required by both the Australian Therapeutic Goods Administration and the U.S. Food & Drug Administration prior to initiating human trials and were completed at BioReliance Corporation under Good Laboratory Practices regulations, which meet the standards for both agencies. Two studies were carried out to assess the genotoxicity potential of THCVHS. The first was a mammalian cell micronucleus assay, which is designed to determine a compound's ability to generate chromosomal aberrations and considered to be one of the most reliable assays in determining genotoxicity. The second study was a reverse bacterial mutagenesis assay, also referred to as the Ames test, which assesses the ability of a compound to generate gene mutations. Both assays produced negative results indicating that THCVHS is not a genotoxic compound, clearing a key step to allow for human trials.
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MSSTF | Hot Stocks08:53 EDT Mindset announces preclinical results from multiple psychedlic drug families - Mindset Pharma announced that compounds from its Family 2, comprised of novel psilocybin/psilocin analogs, and Family 4, comprised of novel DMT/5-MeO-DMT analogs, have demonstrated superior efficacy, safety and shorter duration of action in head-to-head preclinical comparisons with their reference drugs. Mindset's Family 2 compounds are next-generation psilocybin and psilocin analogs optimized for in-clinic settings and Mindset's Family 4 compounds are DMT and 5-MeO-DMT inspired drug candidates that offer a broad range of pharmacological diversity suitable for in-clinic settings. The Company has run a battery of specialized in-vitro and in-vivo tests on its patent-pending novel compounds to select the optimal psychedelic drug candidates for progressing towards human clinical trials.
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XDSL | Hot Stocks08:52 EDT mPhase Technologies hires Luis Buentello as Chief Human Resource Officer - mPhase Technologies announced it has hired industry veteran Luis Buentello as Chief Human Resource Officer to help manage the Company's planned expansion program. Buentello is President and Owner of Beacon Associates, a global HR consulting and executive search firm.
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KRNT | Hot Stocks08:52 EDT Kornit Digital says more confident than ever in outlook - Says pipeline has never been stronger. Says experiencing strong tailwinds. Says Voxel8 acquisition will help to accelerate 4.0 strategy. Says had very strong first half. Says more confident than ever in outlook for rest of the year and next year. Says will continue to invest in growing the organization. Comments taken from Q2 earnings conference call.
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GCMG | Hot Stocks08:52 EDT GCM Grosvenor board approves $25M stock repurchase plan - GCM Grosvenor's Board of Directors authorized a stock repurchase plan of $25 million, which may be used to repurchase the company's outstanding Class A common stock and warrants to purchase Class A shares, as well as to reduce Class A shares to be issued to employees to satisfy associated tax obligations in connection with the settlement of equity-based awards granted under the company's 2020 Incentive Award Plan; Class A shares may be repurchased from time to time in open market transactions, in privately negotiated transactions, pursuant to a trading plan adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, or otherwise, with the size and timing of these repurchases depending on legal requirements, price, market and economic conditions and other factors
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GCMG | Hot Stocks08:51 EDT GCM Grosvenor board approves dividend of 9c per share - GCM Grosvenor's Board of Directors approved a $0.09 per share dividend for the second quarter of 2021 payable on September 15, 2021 to shareholders on record September 1, 2021
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PFSW | Hot Stocks08:50 EDT LiveArea teams with Syte to deliver AI-powered visual search - LiveArea, a business unit of PFSweb, announced it has formed a strategic partnership with Syte. In teaming up with Syte, LiveArea adds a product discovery solution to its customer experience portfolio. The partnership supports LiveArea core services, including NXT Intelligence, Product Innovation, Connected Commerce, Service Design, Performance Marketing, and Orchestrated Services. "Our partner ecosystem includes many innovators reinventing customer experiences in new and ingenious ways at a time when experience is everything," said Peter Giersch, Senior Vice President of Global Alliances at LiveArea. "Teaming with Syte gives us access to best-in-class technology that empowers clients to control and optimize their entire on-site experience while making product discovery more engaging."
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IDT | Hot Stocks08:46 EDT IDT Corp partners with Jonathan Mensah - IDT announced a partnership with professional soccer player Jonathan Mensah. Jonathan is a defender and team captain for Major League Soccer's Columbus Crew. Through the partnership, Jonathan will support IDT's BOSS Revolution brand -- including its international money transfer, voice calling and mobile top-up services -- as spokesperson and ambassador in its advertising campaigns. He will be featured across broadcast, print, and digital media, and will endorse BOSS Revolution across his digital fanbase.
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PLBY | Hot Stocks08:44 EDT PLBY Group closes previously announced acquisition of Honey Birdette - PLBY Group announced the completion of its previously announced deal to acquire Australia-based Honey Birdette, the luxury lingerie and lifestyle brand. The acquisition of 100% of the equity of Honey Birdette was completed for consideration of $235M in cash and 2.16M shares of PLBY Group stock. Ben Kohn, Chief Executive Officer of PLBY Group, commented, "We are thrilled to officially welcome the Honey Birdette team to PLBY Group. This transaction will play a key role in the acceleration of our company's expansion into new territories and product categories, specifically bolstering product design, sourcing and direct-to-consumer capabilities across our lingerie, loungewear, swimwear, sexual wellness and essentials collections. We see enormous organic growth prospects for both the Honey Birdette brand and the new Playboy-branded female focused lifestyle collections we will bring to market powered by Honey Birdette's superior infrastructure."
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CERS | Hot Stocks08:44 EDT Cerus announces CMS P-codes issuance for billing of INTERCEPT products - Cerus Corporation announced that the U.S. Centers for Medicare & Medicaid Services, CMS, has granted permanent Healthcare Common Procedure Coding System HCPCS Level II codes for Pathogen Reduced Cryoprecipitated Fibrinogen Complex, or INTERCEPT Fibrinogen Complex , and Pathogen Reduced Plasma, Cryoprecipitate Reduced. These new P-codes, P9026 and P9025, respectively, are effective October 1. "By providing a means for hospitals to bill for Cerus' recently-approved products in the hospital outpatient setting, CMS' decision to establish these new codes enables provider and patient access to continued innovation in transfusion medicine," said Jessica Hanover, Ph.D., Cerus' vice president, corporate affairs. "We are pleased that these codes will facilitate hospital utilization of our new pathogen reduced blood products, which address critical unmet needs for so many patients." The establishment of HCPCS Level II P-codes follows the announcement earlier this month that CMS has granted a new technology add-on payment for IFC within the Medicare Hospital Inpatient Prospective Payment System . In November 2020, the U.S. Food and Drug Administration granted approval of the INTERCEPT Blood System for Cryoprecipitation, which is used to produce IFC as well as Pathogen Reduced Plasma, Cryoprecipitate Reduced. IFC was previously granted FDA Breakthrough Device designation based on its potential to improve treatment of massive hemorrhage, a life-threatening medical condition.
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SMG | Hot Stocks08:43 EDT Scotts Miracle-Gro announces proposed offering of senior notes - The Scotts Miracle-Gro Company announced that it plans to offer, subject to market and other conditions, $400,000,000 million aggregate principal amount of senior notes due 2032 in an unregistered offering pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The offering of the Senior Notes has not been registered under the Securities Act or any state securities laws, and the Senior Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The Company intends to use the net proceeds from this offering to reduce borrowings under the Company's senior secured revolving credit facility and for other general corporate purposes.
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AYRO | Hot Stocks08:43 EDT AYRO receives additional $2.9M purchase order for Club Car Current EV - AYRO announced the receipt of an additional purchase order valued at $2.9M for the 2022 Club Car Current. This comes nearly two months after the announcement of the initial $2M purchase order for the Club Car Current and brings total orders to $4.9M to date since the product's introduction in June 2021, demonstrating strong demand for this compact and customizable delivery EV. The Club Car Current is being assembled by Karma Automotive at the Karma Innovation and Customization Center in Moreno Valley, California. KICC's supply chain capabilities and resources allow AYRO to respond to customer and market demands despite industry-wide supply chain shortages. Gallery is customizing the Club Car Current to support the growing demand for on-board food and retail delivery options. Element Fleet Management is also offering the Club Car Current alongside its financing, maintenance, roadside assistance, and other fleet services and solutions.
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CBIS ENDO | Hot Stocks08:42 EDT Cannabis Science launches $CSI Cannabis Science Coin - Cannabis Science announced it has launched its $CSI Cannabis Science Coin, Utility for CSi-EDP project asset valuation, revenue tracking, and dividend disbursements. As well, the CSi-EDP will use the $CSI Cannabis Science Coin for several of its transaction-based products and services. Each Cannabis Science CSi-EDP product and or service assigned will become a part of the $CSI Cannabis Science Coin investment banking and economic development eco system, thus multiplying the $CSI Cannabis Science Coin value and International reach! Over the past year Cannabis Science has been morphing into an important Cannabinoid Research Hub, combining organizations, assets, and research to be a much larger Conglomerate organization! Thermic Science International Corporation, formerly known as Omnicanna Health Solutions (ENDO) is in the process of acquiring Cannabis Science Inc. This transaction is currently in closing and going through regulatory filings and approvals. The acquisition terms are set, any increased CSi-EDP asset valuations go to the benefit of the acquiring group shareholders and advanced progress of each CSi-EDP project selected. Nothing is required of any of the Cannabis Science shareholders to verify or receive Loyalty Gifts, everyone is included, and accounted for by the Transfer Agent and the SEC. Once the transaction is regulatory approved, completed, and closed, all the Cannabis Science shareholders will be notified for their next steps.
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TTCF | Hot Stocks08:41 EDT Tattooed Chef launches new items at Sprouts Farmers Market - Tattooed Chef (TTCF) announced it has launched four entree bowls including two new flavors at Sprouts Farmers Market in approximately 340 stores. The four entree bowl flavors are now available to Sprouts Farmers Market shoppers, including the new Buffalo Cauliflower Mac & Cheese Bowl and Spicy Thai Bowl. "I am excited to introduce our newest meat alternative, our gluten free plant based chicken in our Spicy Thai Bowl," said Sarah Galletti, Founder and the Tattooed Chef. "We believe it's important to have a variety of meat alternatives in our value-added products to appeal to the growing set of consumers who are newer to plant based eating." These bowls are available in the frozen section at Sprouts Farmers Market (SFM) stores nationwide. They require a one-step preparation and are ready to eat within 6-7 minutes.
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MCHP | Hot Stocks08:40 EDT Microchip announces new PolarFire FPGAs, FPGA SoCs - Edge compute systems need compact programmable devices with low power consumption and a small enough thermal footprint to eliminate fans and other heat mitigation while providing robust compute horsepower. Microchip Technology has solved this challenge by cutting static power consumption for its mid-bandwidth Field Programmable Gate Arrays and FPGA System-on-Chip devices in half and giving them the smallest thermal footprint and best performance and compute horsepower compared to all alternative devices in their class. "Our new PolarFire FPGAs and FPGA SoCs reduce our customers' system costs while enabling them to solve difficult thermal management challenges without having to forfeit bandwidth," said Bruce Weyer, vice president of Microchip's FPGA business unit. "The award-winning PolarFire FPGA platform already delivered the industry's best combination of power and performance, and now we have reduced power consumption by up to 50 percent or more with the introduction of lower density offerings, while maintaining best-in-class capabilities on these platforms. No other offering in this class can match these capabilities."
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ITI... | Hot Stocks08:39 EDT Iteris, Wejo team on applications of connected vehicle data for efficient roads - Smart mobility infrastructure management company,Iteris (ITI) and Wejo, a firm in connected vehicle data, announced that they have entered into an agreement to deliver enhanced connected vehicle data content to Iteris' public-sector and commercial customers throughout North America. Under the terms of the agreement, Iteris will join Wejo's partner program to provide new and existing customers with real-time movement data from more than 11 million connected vehicles in North America. In addition, Wejo will join Iteris' ecosystem of mobility intelligence providers, empowering public-sector and commercial enterprise customers in the transportation space nationwide with Wejo's connected vehicle data. Connected vehicle data characteristics will combine with additional layers of real-time traffic and weather information, incremental predictive inputs and artificial-intelligence capabilities from Iteris' ClearMobility Cloud. The combination will enable a new level of insights in areas such as commuter information, traffic mitigation, road network management and studying road utilization. "We are excited to announce this partnership, which will make Wejo's near real-time connected car data available to Iteris' public-sector and commercial enterprise customers nationwide for the first time," said Richard Barlow, CEO at Wejo. "Our value-added insights will enhance and improve Iteris' product offerings, and ultimately contribute to improved safety and reduced congestion on roadways throughout North America, while helping to shorten journey times and providing car owners with a materially better driving experience." This news comes on the heels of growing interest in connected vehicle data and promise for its applications across sectors. Microsoft (MSFT), Palantir Technologies (PLTR) , Sompo Holdings and General Motors (GM) have all become strategic investors in Wejo as part of the definitive agreement it made to enter a business combination with Virtuoso Acquisition (VOSO) in a transaction expected to close later this year.
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ECOR | Hot Stocks08:39 EDT electroCore announces publication of manuscript on nVNS impact on PTSD - electroCore announced the publication of a peer reviewed manuscript, "Transcutaneous Cervical Vagal Nerve Stimulation in Patients with Posttraumatic Stress Disorder: A Pilot Study of Effects on PTSD Symptoms and Interleukin-6 Response to Stress" in the Journal of Affective Disorders Reports. The manuscript reports the results of a randomized, double-blind, sham-controlled study conducted at Georgia Institute of Technology and Emory University that resulted from work funded in part by the Defense Advanced Research Projects Agency Biological Technologies Office Targeted Neuroplasticity Training program through the Naval Information Warfare Center. The study enrolled twenty patients suffering from PTSD. Study participants were exposed to personalized traumatic scripts followed by an immediate stimulation by an active or sham non-invasive vagus nerve stimulator. The results show that three-months of treatment with nVNS lead to a 31% reduction in PTSD symptoms compared to sham on the PTSD Checklist, as well as a significant decrease in hyperarousal symptoms and a decrease in overall and somatic anxiety. At the conclusion of the study, patients who continued to use nVNS for a further 3 month open-label period showed a significant improvement in their overall symptoms reported by the Clinical Global Index. Furthermore, nVNS effectively blocked the increase in the levels of the inflammatory cytokine IL-6 that is overexpressed in patients with PTSD who are exposed to a traumatic script.
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VLON | Hot Stocks08:38 EDT Vallon Pharmaceuticals expects cash to fund operations into 3Q22 - As of June 30, 2021, the Company had cash and cash equivalents totaling approximately $10.5 million, which the Company expects will provide funding for its ongoing business activities into the third quarter of 2022.
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WKSP | Hot Stocks08:36 EDT Worksport broadens ecosystem with new EV related product development - Worksport announces that it has commenced working on a new product termed "NPEV." This technological endeavor will be in service to the growing EV markets. In and of itself, it will help forge additional Company ecosystems, developed with Worksport's next-level ingenuity - intended to redefine industry standards. Worksport's leadership and skilled engineering team believe NPEV could play a significant role in decarbonizing transportation with true green energy. Just as with the potential of TerraVis, NPEV is being engineered as an EV technology aimed to have a profound impact on various green energy industries. Worksport's CEO, Steven Rossi, commented, "Worksport is innovating on incredible levels in its engineering and design work, incorporating a consumer-centric focus on what our industries need to evolve. We are very excited to be making solar and eco-friendly energy appeal to consumers at large and cannot wait to introduce our innovations to the world."
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PCRX | Hot Stocks08:36 EDT Pacira reports preliminary sales of $42.1M for July - Pacira BioSciences reported preliminary unaudited net product sales of EXPAREL and iovera degrees of $40.9 million and $1.0 million, respectively, for the month of July 2021. EXPAREL average daily sales for the month of July 2021 were 117 percent of July 2020. The company reports average daily growth rates for EXPAREL to account for differences in the number of selling days per reporting period. EXPAREL selling days were 21 in July 2021 and 23 in July 2020. "The continued growth of EXPAREL reflects its accelerating deployment as the opioid-free local analgesic of choice given its enduring efficacy, excellent safety profile and proven ability to reliably facilitate surgical migration to outpatient sites of care," said Dave Stack, chairman and chief executive officer of Pacira BioSciences. "Following record-level revenue in the second quarter, EXPAREL demand remains strong leaving us confident in our ability to achieve our five-year goals of top line growth in at least the high teens and operating margins that exceed 50 percent." The company's net product sales were negatively impacted by the COVID-19 pandemic in 2020 due to the significant postponement or suspension in the scheduling of elective surgical procedures resulting from public health guidance and government directives. Elective surgery restrictions began to lift on a state-by-state basis in April 2020, allowing EXPAREL sales to return to year-over-year growth in June 2020. However, while many restrictions have since eased and COVID-19 vaccines become more widely available and administered to the general public, it is still unclear how long it will take the elective surgery market to normalize, or if restrictions on elective procedures will recur due to COVID-19 variant strains or otherwise.
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NUWE | Hot Stocks08:35 EDT Nuwellis expects quarterly revenue to continue increasing sequentially - The Company expects quarterly revenue to continue increasing sequentially for the remainder of 2021 as it continues to build its commercial presence and seeks to increase utilization of Aquadex therapy. This outlook includes several assumptions, including no significant change in utilization or procedure volumes associated with COVID-19 resurgences.
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PLUG | Hot Stocks08:34 EDT Plug Power breaks ground on green hydrogen production plant in Georgia - Plug Power broke ground on the site of a green hydrogen production plant in Camden County, Georgia, where 15 tons of liquid green hydrogen will be produced per day. By investing $84M into the facility, Plug Power affirms its continued commitment to establishing the first North American green hydrogen supply network. The plant, which will serve customers in the southeastern U.S., will produce liquid green hydrogen using 100% renewable energy with the help of at least 24 full-time, local employees. Andy Marsh, CEO of Plug Power, said the location of the plant is a part of the company's larger strategic plan to offer green hydrogen that is cost-competitive with fossil fuel energy to its customers looking to meet their sustainability goals. The groundbreaking of the plant also serves as a milestone for local and state officials who have worked to attract more innovative jobs to the region.
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HEMP | Hot Stocks08:33 EDT Hemp, Inc. 'pleased' with CBD adoption by athletes - The company said, "Hemp, Inc. is pleased to see top-level athletes embracing CBD as part of their training programs. Effective Jan. 1, 2018, the World Anti-Doping Agency removed CBD from its list of prohibited substances. The change allowed athletes to incorporate CBD into their training regimes for the postponed 2020 Tokyo Olympic Games. Competitors in the delayed 2020 Summer Games, including softball outfielder Hayley McCleney and hurdler Devon Allen, are among those who utilized CBD products in the runup to the Olympic competition. Olympic gold medalists Megan Rapinoe and Sue Bird also use hemp-derived CBD for natural wellness solutions. The Summer Olympics were in Tokyo, Japan, through Aug. 8, 2021. However, Japan's strict anti-cannabis laws don't permit athletes to take hemp products across international borders. Attitudes about cannabis are shifting, and elite athletes are being more open about using cannabis to recover better, and stay on top of their game longer."
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INTC... | Hot Stocks08:31 EDT Intel, SADA launch cloud optimization program - SADA announces a pilot program with Intel (INTC) that is intended to ensure its customers' Google Cloud Platform (GOOG;GOOGL) environments are performing as well and as cost-effectively as possible. The new program officially launched earlier this month and currently includes more than a dozen companies. Initially the program will include some of SADA's largest customers, but over time it might be made available to all customers. Throughout the program, SADA will work with their customers and Intel on their workload placement, cost and performance benchmarking, and GCP configuration to determine how its technology can help customers reduce their total cost of ownership and improve their return on investment. By using Intel hardware that has been optimized for a specific environment, companies often save money and achieve better performance.
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TDY | Hot Stocks08:31 EDT Teledyne announces Sapera Vision Software Edition 2021-07 - Teledyne is pleased to announce its Sapera Vision Software Edition 2021-07 is now available. Sapera Vision Software from Teledyne DALSA offers field proven image acquisition, control, image processing and artificial intelligence functions to design, develop and deploy high-performance machine vision applications. The new upgrades to the Sapera Vision Software include enhancements to its AI training graphical tool Astrocyte and the image processing and AI libraries tool Sapera Processing.
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HII | Hot Stocks08:29 EDT Huntington Ingalls awarded $273M US Navy aircraft carrier, maintenance contract - Huntington Ingalls Industries' Technical Solutions division announced that it has been awarded a five-year contract with a total value of $273M to support the U.S. Navy's carrier engineering maintenance assist team, surface engineering maintenance assist team for west coast surface ships, and other maintenance and material readiness programs. Work performed on the contract will support maintenance and planning for the overhaul and repair of equipment and systems including hull, mechanical and electrical; aviation equipment and systems; command, control, communications, computer and intelligence; and combat support systems. Work will be performed within the U.S. and internationally during operational deployments.
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SAIL | Hot Stocks08:29 EDT SailPoint CFO Jason Ream to resign effective August 31 - As part of its Q2 earnings report yesterday, the company stated: "On August 4, 2021, Jason Ream, the company's CFO, tendered his resignation, effective August 31, 2021. Mr. Ream will be departing the company in order to pursue other opportunities. The company anticipates that the Board will appoint Cam McMartin, a current member of the Board and the company's Special Advisor to the CEO, to serve as interim CFO beginning September 1, 2021. Mr. Ream will remain employed with the company in an advisory capacity for a period following his resignation as CFO to ensure an effective transition of his duties."
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JETMF | Hot Stocks08:28 EDT Global Crossing Airlines enters revenue service - Global Crossing Airlines Group is pleased to announce that as of August 7, 2021, it has begun passenger revenue operations as the newest US airline. Flying the Airbus A320 family, the airline provides charter flights to U.S, Canadian, Caribbean, and Latin American destinations from its hubs in Miami and Atlantic City. GlobalX flies for casinos, cruise lines, major hotel and resort destinations, and incentive groups.
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RDVT | Hot Stocks08:26 EDT Red Violet appoints James Frasche EVP, Property Solutions - Red Violet announced the appointment of James Frasche as the company's Executive Vice President, or EVP, Property Solutions. Frasche's appointment brings almost 20 years of extensive property-centric analytics, product and business development knowledge and experience to red violet at a time the company is seeing increased demand for its proprietary data unification technology within the real estate sector. James most recently served as EVP, Product and Business Development at GeoPhy, a data-driven solutions provider within the commercial real estate industy.
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RVVTF | Hot Stocks08:26 EDT Revive Therapeutics provides update on psychedelics clinical product pipeline - Revive Therapeutics is pleased to provide an update on the Company's psychedelics development and clinical programs with a focus on psilocybin. The Company is working with the Board of Regents of the University of Wisconsin System under a clinical trial agreement to conduct a Phase I/II clinical study to evaluate the safety and feasibility of psilocybin in adults with methamphetamine use disorder. Study start-up activities have taken place and enrollment activities are to continue throughout the remainder of the year. As a result of the study, clinical data will provide proprietary and valuable information on the safety, efficacy and dosing of psilocybin to support future pivotal FDA clinical studies in oral forms of delivery including oral thin film strips. The clinical study will be conducted at the University of Wisconsin-Madison, School of Medicine and Public Health and School of Pharmacy, which holds a Wisconsin special authorization and DEA license to perform clinical research with psilocybin. In addition, the Company will have exclusive access to key intellectual property from this study to support development, regulatory and commercial initiatives. The Company is advancing the research and intellectual property acquired from PharmaTher Holdings on psilocybin as a potential solution to managing TBI and stroke. Preclinical studies demonstrated that psilocybin, given after injury, improved cognitive function in TBI mice. The Company is proceeding to an FDA clinical study to be conducted at the University of Wisconsin-Madison, School of Medicine and Public Health and School of Pharmacy. Start-up activities have already begun and patient enrollment is expected to commence in Q4-2021. The Company has initiated the product development program under a feasibility agreement with LTS Lohmann Therapie-Systeme AG, a leader in pharmaceutical oral thin films, to develop and manufacture a proprietary psilocybin oral thin film strip for mental illness, substance abuse and neurological disorders. Research grade prototypes will be available to evaluate dosing and delivery rates in various dosage forms with the expectation to conduct clinical studies in 2022. Under its research collaboration with North Carolina State University, the Company is developing a novel biosynthetic version of psilocybin based on a natural biosynthesis enzymatic platform developed by Dr. Gavin Williams, Professor and Researcher at NC State. The biosynthetic platform developed by Dr. Gavin Williams provides a potentially simple and efficient method for rapidly producing natural products, such as psilocybin, using an engineered enzymatic pathway in E. coli. Certain technical milestones have been achieved to date, offering a clear path towards completing validation methods to demonstrate a novel yet simple production process of biosynthetic psilocybin that can be used at a critical scale for clinical and commercial use. The Company recently entered into an agreement with the University of Health Sciences Antigua to utilize Revive's novel psychedelic-assisted therapies including its tannin-chitosan delivery system and to pioneer the clinical research and development of psychedelics in Antigua and Barbuda. Clinical research will be conducted at the University in Q4-2021 with the aim for commercialization in 2022 in Antigua and Barbuda. Once approved for sale, the Company will seek commercial partnerships with specialty pharmaceutical companies in the Caribbean and Latin America.
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ETTX | Hot Stocks08:25 EDT Entasis Therapeutics to host webinar on Acinetobacter Infections - Entasis Therapeutics announced that the company will host a virtual webinar featuring presentations by Infectious Diseases experts David van Duin, M.D., Ph.D., F.I.D.S.A., F.A.S.T. and Michael Rybak, Pharm.D., M.P.H., Ph.D.. Drs. van Duin and Rybak will discuss the burden and current treatment landscape of Acinetobacter infections. Entasis' management team will also give an update on their pipeline product sulbactam-durlobactam, an antibiotic consisting of sulbactam, a safe and well tolerated beta-lactam with intrinsic activity against Acinetobacter, with durlobactam, a novel, comprehensive potent inhibitor of Class A, C, and D beta-lactamases that restores the activity of sulbactam. Sulbactam-durlobactam has just completed enrollment of a global Phase 3 registrational clinical trial to treat infections caused by Acinetobacter baumannii, including carbapenem-resistant strains. Sulbactam-durlobactam has been designated a Qualified Infectious Disease Product by the U.S. Food and Drug Administration and awarded Fast Track status.
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NCNA | Hot Stocks08:21 EDT NuCana appoints Jeffrey Bloss as Chief Medical Officer - NuCana announced the appointment of Jeffrey Bloss, M.D. as Chief Medical Officer. Bloss will be based in NuCana's US offices located outside Boston, MA. Jeffrey Bloss, M.D. brings over 25 years of leadership experience in oncology at multiple biopharmaceutical companies including Astellas, GlaxoSmithKline, Xencor, Onyx, Genentech and Eli Lilly.
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LIFE | Hot Stocks08:20 EDT aTyr Pharma announces expansion of research collaboration with OSU - aTyr Pharma announced that the company has expanded its research collaboration with The Ohio State University, or OSU, to deepen the understanding of the immune mechanisms of sarcoid granuloma formation and identify potential biomarkers of efficacy for the company's lead therapeutic candidate, ATYR1923, which is currently in clinical development for the treatment of pulmonary sarcoidosis. The research will be conducted in the laboratory of Elliott Crouser, M.D., Professor of Pulmonology, Critical Care and Sleep Medicine at OSU. The collaboration will assess the effect of ATYR1923 on sarcoid granuloma formation in vitro in blood samples taken from sarcoidosis patients. The study will focus on identifying the relevant immune mechanisms triggered in granuloma formation and analyze promising biomarkers predictive of strong granuloma formation in order to assess whether they could be used as predictive biomarkers for treatment selection or treatment response to ATYR1923. "We are very pleased to expand this research collaboration with OSU and Dr. Crouser. This collaboration will build upon the successful findings from research conducted with Dr. Crouser that were recently accepted to be presented at the upcoming European Respiratory Society International Congress in September, which demonstrate the ability of a splice variant of histidyl-tRNA synthetase, the active portion of ATYR1923, to disrupt sarcoid granuloma formation in vitro - a hallmark of this debilitating disease," said Sanjay Shukla, M.D., M.S., President and Chief Executive Officer of aTyr. "The research generated from this collaboration may help direct us to biomarkers indicative of a population that may be sensitive to treatment with ATYR1923, which could lead to improved patient outcomes."
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SGSVF | Hot Stocks08:19 EDT Sabina Gold & Silver reports mineralization at Hook Target - Sabina Gold & Silver Corp is pleased to announce initial results from the company's spring drilling program completed at the Hook Target, which has been identified as a key link along a mineralized trend hosting the Goose Main and Nuvuyak gold deposits, on its 100%-owned Back River Gold Project in Nunavut, Canada. For the first half of this year, exploration was focused on the southern mineralized trend that hosts Goose Main and Nuvuyak. The Hook target, which was thought to be the link between these deposits received the bulk of the meterage of this spring's program. Drill testing within the trend is highlighted by hole 21GSE600 which returned 5.42 g/t Au over 28.05 m, including 12.68 g/t Au over 5.30 m, returning the highest gram-meter intercept within the target trend to date. The intercept through the fold nose of the antiform sits within a 50.50 m length of anomalous gold mineralization. representing a key link in unlocking the trend by identifying a robust area for potential resource growth through further exploration. Three additional drill holes were also completed within the trend during the 2021 spring program which continued to further advance the geological controls and refine targets highlighted by broad mineralizing intercepts including 10.05 g/t over 8.50 m in drill hole 21GSE598B, 1.72 g/t over 10.30 m in drill hole 21GSE599 and 1.67 g/t over 15.55m in drill hole 21GSE590. Drill advancement at the Hook target area has become an important focus for exploration to establish future resource growth and mining synergies. An approximate 1,500 m of F1 antiform stratigraphy is identified to be relatively continuous from the daylighting of the Goose Main deposit to the furthest down plunge mineralization intercepts at Nuvuyak. A total of 450 m of exploration plunge length is interpreted to be open between these two deposits establishing a very prospective area for exploration and additional resource opportunity. The Goose Main deposit currently hosts an open pit and underground Proven reserve of 548,000 oz at an average grade of 4.60g/t and an additional open pit and underground Probable reserve of 301,000 oz at an average of 4.96 g/t. The Nuvuyak deposit currently hosts an initial NI 43-101 compliant Inferred resource of 583,000 oz at an average grade of 7.50 g/t and remains open in all directions. Drill holes in this release targeted an area surrounding key features at the Hook Target that are demarked by a quartz feldspar porphyry dyke hosted in an interpreted early structural setting within the Lower Iron Formation. The southern envelope of the demarking structure is interpreted as an important intersection lineation where in contact with the LIF stratigraphy, as it appears to be spatially associated with a key gold structure. Drill hole 21GSE600 is located approximately 120 m down plunge along the unfolded D2 trend of the Goose Main deposit and 330 m up plunge from the Nuvuyak deposit. Mineralization within the drill hole is noted as fine - to medium- grained pyrrhotite occurring as replacement bands of the stratigraphy and fracture infills. Lesser arsenopyrite occurs locally associated with fine chlorite and silica veins/alteration. Visible gold was frequent within the main interval occurring as fine specks throughout the drill core intercept. The spring drilling program at the Goose property is now complete with all drill holes totaling 4480 m which included the focused testing of five drill holes at the Hook Target, twelve drill holes testing earlier staged target areas, and an additional six drill holes supporting geotechnical investigations.
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AYI NEWR | Hot Stocks08:17 EDT Acuity Brands announces retirement of Browning, Sachleben to board of directors - The Board of Directors of Acuity Brands (AYI) announced the retirement of Peter Browning from the board and the election of Mark Sachleben as a member of the board, both effective as of August 6, 2021. Sachleben will serve for a term that will expire at the Company's next annual meeting of stockholders. Sachleben currently serves as Chief Financial Officer of New Relic (NEWR), the Observability company that empowers engineers with a data driven approach to planning, building, deploying and running great software.
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PANW | Hot Stocks08:16 EDT Palo Alto Networks appoints Amit Singh to Chief Business Officer - Palo Alto Networks announced the expansion of its management team, with Amit Singh moving into the new role of Chief Business Officer and BJ Jenkins joining the company in the role of president. The appointments are effective immediately. Palo Alto Networks has reported notable momentum over the last financial year, with the business benefiting from customers adopting products across its Strata, Prisma and Cortex security platforms. As chief business officer, Singh will focus on bolstering the strategic customer relationships in partnership with Jenkins on the company's large deals. Additionally, he will partner with Chief Product Officer, Lee Klarich, on driving the cross-functional speedboats that have helped deliver Palo Alto Networks' industry-leading products. Singh's successful three-year tenure as Palo Alto Networks' president uniquely positions him for this role.
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FSTX | Hot Stocks08:16 EDT F-star Therapeutics granted composition of matter patent for SB 11285 - F-star Therapeutics announced that the United States Patent and Trademark Office has granted the company a patent protecting the composition of matter of F-star's SB 11285, a second generation STING agonist. The patent protection is expected to continue to July 2037, not including any potential patent term extensions. Neil Brewis, Ph.D., Chief Scientific Officer of F-star, said: "We are encouraged by the latest interim results from the dose-escalation study of SB 11285. Securing patent protection in the U.S. at this critical time in the development of our second-generation STING agonist will ensure advancement of the compound with exclusivity in our approach."
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FNCH | Hot Stocks08:12 EDT Finch Therapeutics expects cash to fund expenditures into mid-2023 - Finch's cash and cash equivalents as of June 30, 2021 was $168.1 million compared to $99.7 million as of December 31, 2020. Finch expects that the cash and cash equivalents it had on hand at June 30, 2021 will be sufficient to fund operating expenses and capital expenditures into mid-2023.
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FNCH | Hot Stocks08:12 EDT Finch Therapeutics announces anticipated upcoming milestones - Topline 8-week and 6-month data from PRISM-EXT, an open-label trial evaluating the safety and efficacy of CP101 for recurrent CDI in over 130 patients, is anticipated in the second half of 2021 and topline data from the PRISM4 Phase 3 trial of CP101 in recurrent CDI is anticipated in the first half of 2023. Topline data from a Phase 1b trial of FIN-211 in children with autism spectrum disorder and gastrointestinal symptoms and a Phase 1b trial of CP101 in chronic HBV are anticipated in the second half of 2022.
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HRMY | Hot Stocks08:11 EDT Harmony Biosciences provides update on upcoming milestones - Enrollment continues in Harmony's Phase 2 clinical trial evaluating the safety and efficacy of pitolisant for the treatment of EDS and other symptoms in patients with PWS and is on track to achieve top line data in the first half of 2022. In June 2021, Harmony initiated a Phase 2 clinical trial to evaluate the safety and efficacy of pitolisant for EDS and other non-muscular symptoms in adult patients with type 1 myotonic dystrophy. Top-line results are anticipated in the second half of 2022.
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PHAT | Hot Stocks08:10 EDT Phathom Pharmaceuticals expects cash to meet requirements intoo 4Q22 - As of June 30, 2021, cash and cash equivalents were $209.7 million. Cash and cash equivalents are expected to be sufficient to meet anticipated cash requirements into the fourth quarter of 2022.
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AINC | Hot Stocks08:10 EDT Ashford regains compliance with NYSE listing standards - Ashford announced that on August 9 the Company received written notice from the NYSE American stating that the Company has regained compliance with all of the continued listing standards set forth in Part 10, Section 1003 of the NYSE American Company Guide. By meeting the continued listing requirements, Ashford has resolved its continued listing deficiency and, effective at the start of trading on August 10 the ".BC" designation, signifying noncompliance with the Exchange's listing standards, will be removed from the "AINC" trading symbol.
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PHAT | Hot Stocks08:10 EDT Phathom Pharmaceuticals announces timing updates - Phathom has accelerated its work on the NDAs for dual and triple vonoprazan-based regimens for the treatment of H. pylori infection and now expects to submit both NDAs in September 2021 instead of in the fourth quarter of 2021.Topline results from PHALCON-EE, a pivotal Phase 3 trial evaluating vonoprazan for the healing and maintenance of erosive esophagitis, are expected in October 2021. Topline results from the PHALCON-NERD on-demand Phase 2 trial evaluating various doses of vonoprazan as an on-demand therapy for patients with non-erosive reflux disease are expected in the first quarter of 2022.
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CVLT | Hot Stocks08:09 EDT Commvault partners with ORock Technologies to expand data protection - ORock Technologies announced it has entered into a partnership with Commvault to expand data protection and offer a seamless migration to the cloud for mission-critical workloads. This cost-effective solution is ideally suited for any business operating in a highly regulated industry as well as any federal, state, local or education government agency seeking comprehensive backup and recovery in a secure cloud environment.
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OTRK CVS | Hot Stocks08:09 EDT Ontrak selects Mary Louise Osborne as company's first Chief Customer Officer - Ontrak (OTRK) announced the appointment of former CVS Health (CVS) Regional Vice President and former President of Government business at Coventry Health Care Mary Louise Osborne as Ontrak's first Chief Customer Officer, effective August 30 . Ms. Osborne will report to Jonathan Mayhew, CEO, who joined Ontrak from CVS in April. "Mary Lou brings decades of progressive management experience and a proven track record of driving accelerated growth, expansion and operational performance in both commercial and government businesses," said Jonathan Mayhew, Ontrak CEO. "She has built deep, trusted partnerships with customers, government leaders and health care providers. I'm delighted that Mary Lou will be joining the Ontrak leadership team at a time when Medicaid and Medicare represent an increasing share of our revenues. In her new role she will be responsible for our current portfolio of customers, all new customer sales, and the Ontrak customer implementation and vendor management office."
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PHAS | Hot Stocks08:08 EDT PhaseBio announces approval of bentracimab IND - PhaseBio announced that the investigational new drug, or IND, application for bentracimab submitted to the Center for Drug Evaluation, or CDE, of the China National Medical Products Administration, or NMPA, in collaboration with development partner, SFJ Pharmaceuticals has been approved. Bentracimab is a novel, human monoclonal antibody fragment that in earlier clinical trials has shown immediate and sustained reversal of the antiplatelet effects of Brilinta/Brilique. With approval of the IND, PhaseBio and SFJ are authorized to begin enrolling patients in China into REVERSE-IT, the ongoing global Phase 3, multi-center, open-label, prospective single-arm trial designed to study reversal of the antiplatelet effects of ticagrelor with bentracimab in patients who present with uncontrolled major or life-threatening bleeding or who require urgent surgery or an invasive procedure. PhaseBio and SFJ anticipate enrolling the first patients at sites in China later in 2021, after the REVERSE-IT trial has reached its interim enrollment milestone expected in mid-2021. Patients enrolled in China are expected to contribute to the completion of full enrollment of the trial, post interim analysis.
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ALTG NKLA | Hot Stocks08:06 EDT Alta signs dealer agreement with Nikola - Alta Equipment Group (ALTG) announced that it has entered into a dealer agreement with Nikola (NKLA) and manufacturer of heavy-duty commercial battery-electric vehicles, BEV, and fuel-cell electric vehicles, FCEV. This agreement names Alta as the authorized dealer to sell and service Nikola medium and long-haul Class 8 EV/FCEV trucks in the NY, NJ, eastern PA and New England markets. "We are excited to sign this agreement with Nikola and become the authorized dealer in the northeast US territory. We view our entry to this growth market as a natural extension of the operational expertise we have built in the heavy equipment, material handling and construction markets," said Ryan Greenawalt, Chief Executive Officer of Alta. "We believe the commercial vehicle market provides a strong long-term growth opportunity for Alta as we look to leverage our existing footprint and knowledge in electro-mobility to meet the growing demand for electric vehicles and deliver world-class service to Nikola customers." "The northeastern region of the United States has quickly become a crucial territory for Nikola as states move forward with setting goals in reducing greenhouse gases related to transportation," said Nikola President, Energy and Commercial Pablo Koziner. "Alta Equipment and their leadership team have demonstrated a strong desire to participate in the transition to zero-emission Class 8 trucks with their eMobility strategy. We are extremely excited about this new partnership."
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PTGX ZEAL | Hot Stocks08:06 EDT Protagonist Therapeutics resolves contract dispute with Zealand Pharma - Protagonist Therapeutics(PTGX) announced it has resolved its Collaboration Agreement dispute with Zealand Pharma (ZEAL) by reducing future development and sales milestone payments and royalties owed to Zealand for Protagonist's product candidate rusfertide under the companies' 2012 Collaboration Agreement. Under the terms of an agreement that ends arbitration proceedings Protagonist initiated in 2020, future development and sales milestone payments (other than $2.5M in near-term milestones) and royalties for rusfertide have been reduced by 50%. Milestones and royalty payments will be due for sales and milestones achieved by either Protagonist or any future rusfertide licensee or partner. Protagonist will also make a $1.5M payment to Zealand in August 2022.
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DFH | Hot Stocks08:06 EDT Dream Finders Homes sees 5,000-6,000 home closings in 2021 - Dream Finders Homes delivered a strong second quarter and remains focused on providing an affordable product for its entry-level and first-time move-up homebuyers. The Company recognizes the difficulties encountered in labor and materials constraints, as well as changing consumer dynamics created by the current environment. Management is determined to serve its customers by innovating ways to deliver homes and rapidly adapting to demand changes. Based on the Company's backlog and average sales price per home closed, the low interest rate environment, and persistent relocation patterns into its core markets, the Company is well positioned to achieve its expected growth in 2021 and maintains its guidance of 5,000 to 6,000 home closings for the full year 2021. In addition, the Company expects an increase in the average sales price of homes closed in future quarters, as the average sales price in backlog as of June 30, 2021 was $398,048.
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CMLS | Hot Stocks08:05 EDT Cumulus Media's Westwood One and the NCAA renew partnersip - CUMULUS MEDIA's Westwood One and the National Collegiate Athletic Association, or NCAA, have entered into a multi-year renewal, maintaining Westwood One's place as the official network audio broadcast partner of the NCAA for many years to come. Westwood One has broadcast the NCAA Men's Basketball Tournament since 1982 and every game of NCAA March Madness on multiple platforms since 2005. Under the terms of the deal, Westwood One retains exclusive broadcast radio, digital audio, distribution, and licensing rights for all 90 NCAA Championships, including the NCAA Men's and Women's Basketball Tournaments and the Final Fours.
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WFC | Hot Stocks08:05 EDT Wells Fargo chairman Charles Noski to retire, Steven Black to succeed - Wells Fargo announced that Charles Noski will retire as chairman and a member of Wells Fargo's board of directors. Noski has stepped down as chairman, and he will remain as a director until he retires on September 30 to facilitate the transition of the chairman role. Noski has served as a director since June 2019 and as chairman since March 2020. Noski previously served as chair of the board's audit committee and as chair of its governance and nominating committee. The board has elected Steven Black as chairman, effective immediately. Black has over 45 years of financial services experience and has served as co-CEO of Bregal Investments, a private equity firm, since September 2012. The board also appointed Wayne Hewett to serve as a member and as chair of the governance and nominating committee.
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HD | Hot Stocks08:04 EDT Home Depot creates 500 new jobs in Baltimore - The Home Depot has opened three new distribution centers in Sparrows Point's revitalized Tradepoint Atlantic development. The 1.5M square-foot campus will bring nearly 500 new full- and part-time jobs to Baltimore and provide even faster delivery options to customers in the region.
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RAIN | Hot Stocks08:04 EDT Rain Therapeutics announces anticipated milestones - Milademetan MDM2-Amplified Phase 2 Basket Study: Phase 2 trial expected to commence in the second half of 2021; Rain anticipates interim data in 2H 2022. Milademetan Intimal Sarcoma Phase 2 Study: Phase 2 trial expected to commence by early 2022; Rain anticipates interim data in late 2022. Milademetan DD LPS Phase 3 Study: Rain anticipates data from this trial in 2023. RAD52 Research Program: Lead candidate selection expected in 2022.
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NKLA ALTG | Hot Stocks08:03 EDT Nikola expands sales, service dealer network in Northeastern United States - Nikola (NKLA) announced an expansion to its dealer network for its Class 8 truck sales and service coverage with the addition of Alta Equipment Group (ALTG). Alta Equipment Group plans to represent sales and service locations in New York, New Jersey, eastern Pennsylvania and other select areas in the New England region that have a growing opportunity in zero-emission technology for Class 8 trucks.
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RAIN | Hot Stocks08:03 EDT Rain Therapeutics sees FY21 net cash use $50M-$60M - The Company continues to expect its full year 2021 net cash used in operating activities to be approximately $50.0 million to $60.0 million and a projected year end cash balance of approximately $137.0 million to $147.0 million in cash, cash equivalents and short-term investments.
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BDTX GTHX | Hot Stocks08:02 EDT Black Diamond Therapeutics announces appointment of Velleca to board - Black Diamond Therapeutics (BDTX) announced the appointment of Mark Velleca, M.D., Ph.D. to its board of directors. Velleca brings over 20 years of leadership experience in the biotechnology industry, particularly in the field of oncology, most recently serving as Chief Executive Officer of G1 Therapeutics. Velleca was most recently Chief Executive Officer of G1 Therapeutics (GTHX), where he grew the company from Series A through IPO and led the development of its first therapy from preclinical to FDA approval.
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RAIN | Hot Stocks08:02 EDT Rain Therapeutics expects cash to provide runway through late-2024 - As of June 30, 2021, Rain had $164.6 million in cash, cash equivalents and short-term investments. This included the $121.5 million in net proceeds from Rain's initial public offering in April 2021. Rain's quarter-end cash position adequately provides runway through late-2024.
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IFRX | Hot Stocks08:01 EDT InflaRx reports data from interim analysis of Phase IIa study of vilobelimab - InflaRx announces positive data from the first 10 evaluable patients in the ongoing Phase IIa open label study with vilobelimab in Pyoderma Gangraenosum. As previously announced, enrollment in the proof-of-concept study was completed with 19 patients, with 12 in the first two dose cohorts. Two out of the 12 withdrew from the study before reaching day 99 of the treatment, so only 10 patients were evaluable for the efficacy assessment on day 99. The main objectives of the study are the evaluation of the safety and efficacy of vilobelimab in patients with PG. Out of the 10 patients evaluable for efficacy at day 99, four patients met the response criteria, with three of them achieving complete closure of the target ulcer. The three patients who showed clinical response with a PGA score of equal to or more than 3 with complete target ulcer closure had elevated C5a levels at baseline. InflaRx previously reported the clinical response for two of these three patients in February 2020. The third patient demonstrating complete target ulcer closure had been increased from the 1600mg dose group to the highest dose of 2400mg dose on day 57 of the study and closed the ulcer after the dose escalation. The other six patients all showed slight improvement in their condition according to the PGA definition. Overall, vilobelimab was well-tolerated and no new safety findings emerged. One patient experienced a delayed hypersensitivity in form of a skin rash which resolved upon discontinuation of vilobelimab
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FCN | Hot Stocks07:57 EDT FTI Consulting appoints Senior Managing Director, Managing Director - FTI Consulting announced continued investment in its Broker-Dealer Regulatory & Litigation group within the Financial Services practice in the Forensic and Litigation Consulting segment with the appointment of Jason Sabot as a Senior Managing Director and Stephen Glascoe as a Managing Director. Sabot, who will be based in New York, has extensive in-house, government and regulatory experience, having led and defended complex civil and criminal investigations involving federal securities laws. He will advise and assist FTI Consulting's financial institution clients with internal investigations, civil and criminal investigations, non-financial regulatory reporting, and remediation plans. Glascoe, who will be based in Washington, D.C., has more than 40 years of experience in the brokerage and investment banking businesses, including 21 years with the U.S. Securities and Exchange Commission.
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ABEO | Hot Stocks07:55 EDT Abeona Therapeutics appoints Edward Carr as Chief Financial Officer - Abeona Therapeutics announced the appointment of Edward Carr as Chief Financial Officer and Principal Financial Officer, effective immediately. Carr had served as Abeona's Chief Accounting Officer since January 2019. Carr joined the company in November 2018 as Corporate Controller, bringing more than 25 years of financial leadership experience serving in various finance roles of increasing responsibility.
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KLDO | Hot Stocks07:54 EDT Kaleido Biosciences, COPD Foundation collaborate to advance KB109 into Phase 2 - Kaleido Biosciences announced a strategic collaboration with the COPD Foundation to study KB109 in patients with chronic obstructive pulmonary disease. The collaboration will partner Kaleido with the COPD Foundation's experts in its Digital Health and Therapeutics Accelerator Network, COPD360Net, to support joint clinical development starting with a Phase 2a trial of KB109, a novel Microbiome Metabolic Therapy, in COPD. "We are excited to embark on this partnership with the COPD Foundation to work towards our shared mission to bring about innovative therapies for people suffering from COPD," said Dan Menichella, President and Chief Executive Officer of Kaleido. "The previous KB109 COVID-19 trial demonstrated activity against the pathologies associated with respiratory viral infections by modulating the gut microbiome and host immune system. We believe this result warrants clinical investigation of KB109 in COPD patients, and we look forward to initiating a Phase 2a trial early in 2022."
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DKNG | Hot Stocks07:52 EDT DraftKings Marketplace now live with NFT drops from athletes - DraftKings Marketplace, the NFT ecosystem designed by DraftKings, is now live and will feature its first Preseason Access Collection that drops later this week. The exclusive debut content will be provided by Autograph, and includes Preseason Access Passes from athletes such as Tom Brady, Wayne Gretzky, Tony Hawk, Naomi Osaka, Derek Jeter, Tiger Woods and more who will soon be announced. These sports-related NFTs will be available exclusively on Autograph.io and on DraftKings Marketplace. Customers nationally can join the first drops starting on August 11th, which will feature Tom Brady. "Autograph's Advisory Board includes some of the most iconic athletes ever, and we could not imagine a more fitting figure than Tom Brady to headline our first ever NFT drop on DraftKings Marketplace," said Matt Kalish, co-founder and president of DraftKings. "The overall NFT market has already surged to over $2.5 billion in sales volume for the first half of 2021, and so whether someone is well-versed or barely familiar with digital collectibles, we envision DraftKings Marketplace being a premier platform for all within a trend that is decidedly here to stay." With this launch, fans and collectors across the country with a DraftKings account can now access DraftKings Marketplace on desktop or mobile either directly through the website or via DraftKings' apps. Each featured athlete will begin by dropping a limited number of NFT collectibles categorized as the Premier drops and Signature drops within the Preseason Access Collection. These NFTs will be available for USD purchase at a range of prices with the goal of lowering the barriers to entry for fans who want to begin collecting NFTs while still appealing to seasoned collectors.
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SMG CNPOF | Hot Stocks07:50 EDT Scotts Miracle-Gro forms subsidiary, provides convertible loan to RIV Capital - The Scotts Miracle-Gro (SMG) announced the creation of a newly formed subsidiary, The Hawthorne Collective, which will focus on strategic minority investments in areas of the cannabis industry not currently pursued by The Hawthorne Gardening Company. To that end, The Hawthorne Collective will provide a $150M convertible loan to Toronto-based RIV Capital (CNPOF), a cannabis investment and acquisition firm currently listed on the Toronto Stock Exchange. "The addition of The Hawthorne Collective into our portfolio allows us to explore and pursue new opportunities in an industry that is poised for significant growth in the years ahead," said Jim Hagedorn, chairman and chief executive officer. "With full appreciation of current banking and legal requirements, The Collective is designed to allow us to eventually participate directly in a larger marketplace as the legal environment changes over time." The strategic investment in RIV Capital is in the form of a six-year convertible note. The note accrues interest at 2.03% percent annually for the first two years and includes additional follow-on investment rights. Upon conversion, The Collective, and thus ScottsMiracle-Gro, would own approximately 42% of RIV Capital. The Collective will also have the right to nominate up to three members to RIV Capital's Board of Directors, which will be increased to seven. Neither The Collective nor ScottsMiracle-Gro will have an active day-to-day role in RIV Capital nor the companies in which it invests. In filings with Canadian regulators and the Toronto Stock Exchange, RIV Capital indicated it would use the funds provided by The Collective for general corporate and other lawful purposes, which could include additional investments and acquisitions. Upon close, RIV Capital will become The Collective's preferred vehicle for future investments that are not currently in the purview of The Hawthorne Gardening Company. The transaction is expected to close in the fourth quarter of 2021.
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DLTNF | Hot Stocks07:48 EDT Delta 9 Cannabis announces Health Canada approval for expansion - DELTA 9 CANNABIS announced that on August 6, 2021, the Company received approval from Health Canada for two expansion approvals for its Winnipeg based cultivation, processing, and distribution facilities. The Expansion Approval allows for; an expansion of the Company's licensed perimeter at its Winnipeg based facilities, expanding the area currently under license from approximately 80,000 square feet to approximately 95,000 square feet, and the licensing of a new 7,500 square foot purpose-built storage and distribution area. The expanded licensed perimeter will allow the Company to improve control systems within its licensed perimeter, improve the operational flow of its operations, and to position the Company to better plan for future expansions of the Company's licensed cannabis operations areas. The new purpose-built storage and distribution area will allow the Company to improve its product packaging, case-packing, and distribution efficiency to better allow it to cater to its provincial distribution markets across Canada. The Company anticipates that the new storage area will improve its value proposition in various provincial markets across the country.
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TRVN | Hot Stocks07:48 EDT Trevena announces publication on analysis of OLINVYK - Trevena announced the publication of an exploratory analysis evaluating the safety of OLINVYK injection and IV morphine, using data from the OLINVYK Phase 3 program. The findings suggest that under equianalgesic conditions, patients receiving OLINVYK were less likely to experience adverse events compared to patients treated with morphine. The publication is titled, "Oliceridine Exhibits Improved Tolerability Compared to Morphine at Equianalgesic Conditions: Exploratory Analysis from Two Phase 3 Randomized Placebo and Active Controlled Trials." Publication Key Points: A logistic regression analysis of data from the two OLINVYK Phase 3 pivotal trials suggested that, at equal levels of analgesia comparing OLINVYK to IV morphine: OLINVYK-treated patients were 50% less likely than morphine-treated patients to experience one or more treatment-emergent AEs of nausea, vomiting, sedation, dizziness, pruritus, or hypoxia. The odds ratio for a comparison of the effect of treatment with OLINVYK versus morphine was 0.507 for the pooled hard- and soft-tissue studies data. An OR of less than 1 indicates a lower likelihood of achieving the safety composite endpoint associated with OLINVYK treatment versus morphine. The OR was 0.499 and 0.542 for the hard-tissue and soft-tissue studies, respectively.
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AZRX | Hot Stocks07:46 EDT AzurRx adds five new clinical trial sites for Phase 2 RESEVOIR trial for FW-1022 - AzurRx BioPharma announced the completion of site initiation visits and the addition of five new clinical trial sites in Ukraine for the ongoing RESERVOIR Phase 2 clinical trial evaluating FW-1022 as a treatment for COVID-19-related gastrointestinal infections. FW-1022 is a proprietary oral tablet formulation of micronized niclosamide developed for the treatment of COVID-19-related GI infections. The RESERVOIR clinical trial is designed as a two-part, two-arm, placebo-controlled Phase 2 study. The trial's primary objectives are to confirm the safety of FW-1022 in the treatment of patients with COVID-19-related GI infections and to evaluate its efficacy in clearing SARS-CoV-2 from the GI tract. Topline data from the study is anticipated during the first quarter of 2022. "Niclosamide represents an important advance in the fight to help COVID-19 patients overcome the debilitating and often overlooked effect the virus can have on the GI system," said James Sapirstein, Chairman, CEO and President of AzurRx BioPharma. "While vaccines have been delivered to millions of people, COVID-19, and, in particular, the highly infectious Delta variant, remains a significant concern, especially in regions of the U.S. and areas of the world where vaccination rates are low. The addition of new trial sites in Ukraine provides enhanced opportunity to enroll patients in a country where less than 5% of the population is fully vaccinated for COVID-19."
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CSPR | Hot Stocks07:45 EDT Casper Sleep drops 10% to $6.25 after Q2 results, Q3 guidance
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ACIC LOGI | Hot Stocks07:45 EDT Archer Aviation hires Ben Lu as Chief Financial Officer - Archer Aviation announced the appointment of Ben Lu as the company's Chief Financial Officer. Ben will oversee the company's finances as Archer transitions to a public company following the completion of the proposed business combination with Atlas Crest Investment (ACIC), which is currently expected to close this fall. As CFO, Ben will continue to grow and oversee the finance and investor relations departments at Archer. As the company's first C-suite level finance hire, Ben is positioned at the helm of the company's emergence from private to public. In this role, he will leverage operational finance with a strategic mindset to maximize company value. In establishing this framework, Ben will work through the lens of an investor as the proposed business combination - announced in February - is finalized this fall. Ben arrives at Archer following a successful five-year period at Logitech (LOGI), where he was most recently the VP of Finance managing a global finance team, including Corporate FP&A, Treasury, Investor Relations and various other finance functions.
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KXIN | Hot Stocks07:45 EDT Kaixin Auto announces plans for smaller size electric vehicles - Kaixin Auto Holdings announced plans to enter the smaller size electric vehicle market in China. Kaixin's new energy vehicle unit has launched development plans focused on smaller EV models in the subcompact and minicompact categories. To speed up the process, the Company has discussed mergers and acquisitions with a number of electric car manufacturers. Kaixin will disclose the results in a timely manner. Automobiles have been gradually shifting from a symbol of wealth and social status to the fundamental role of transportation tool in China. The rapid development of electric vehicle technology has closed in the technological gap to fuel vehicles and substantially lowered production costs, which has led to more consumption of electric vehicles. In addition, the rise of the younger generation of consumers in Chinese cities, who carry a preference for vehicles of lighter weight and smaller size, has made smaller size electric cars a dark horse in the Chinese automobile market segmentation. Sales of subcompact and minicompact electric cars are forecasted to reach 5 million units in 2025, making it one of the best-selling models in Chinese auto market.
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REPH | Hot Stocks07:44 EDT Recro Pharma enters LOI for acquisition of CDMO - Recro Pharma announced that it has signed a non-binding letter of inten for its acquisition of a full service CDMO with capabilities that range from formulation development to commercial manufacturing for various dosage forms including oral liquids, sterile injectables, tablets, topicals, liquid/powder filled capsules, ophthalmic droppers, liposomes and nano/microparticles. Pursuant to the LOI, Recro agreed to acquire 100% of the equity interests of the Target in exchange for consideration having an aggregate value of approximately $49.850 million, assuming a cash free, debt free balance sheet and that the Target has, at closing, an adequate level of working capital to support the operations of its business post-closing. The purchase price will be paid through: $25.5 million of cash at closing; 9,302,718 shares of common stock of Recro to be issued to Target in six months; and seller notes of $6.1 million. The seller notes will have a three year maturity date from the date of closing and bear interest at a rate of 6% annually. The seller notes will be expressly subordinated and unsecured in right of payment and priority to Recro's existing debt with Athyrium Capital Management.
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VIEW | Hot Stocks07:43 EDT View Inc. selected by Atria Development for smart windows - View announced its Smart Windows will be installed at 80 Bond Street in Oshawa, Ontario, a new 304,394-square-foot luxury multi-family project being spearheaded by Atria Development Corp. The property, located in the heart of the Greater Toronto Area, will be the first large-scale installation of View Smart Windows in a multi-family building in Canada, a milestone that aligns with the country's aggressive sustainability goals. View Smart Windows use artificial intelligence to automatically adjust in response to the sun, eliminating the need for blinds to optimize access to natural light and views of the outdoors while controlling temperature and glare. 80 Bond is expected to be completed in Q2 2022, with tenants occupying the building in Q3.
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MRMD | Hot Stocks07:42 EDT Marimed adds Robert Hall, Kevin Compagna to executive team - MariMed announced a series of appointments intended to help the company drive sales of its brand portfolio. Senior CPG marketer and former Sam Adams beer Chief Marketing Officer, Robert Hall, has been appointed as a Senior Brand and Marketing Advisor to MariMed. In that capacity, he will help MariMed establish data-supported, distinct brand strategies and brand building techniques as the Company expands the distribution of its top selling brands and products across the country. Hall will also assist the Company in the expansion of its marketing team and organization. Kevin Compagna has joined MariMed as Vice President, Wholesale & Licensing for North America. The sales executive will be responsible for driving revenues and market share for the company's top-selling products, including Betty's Eddies fruit chews and Nature's Heritage high quality flower brand, in markets where MariMed is already licensed as well as new markets via licensing partnerships.
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TPB | Hot Stocks07:41 EDT Turning Point Brands increases equity stake in Canada's ReCreation to 65% - Turning Point Brands announced that it has increased its equity stake in ReCreation Marketing a Canadian distribution company, from 50% to 65%. The transaction was completed on Friday, July 30. ReCreation Marketing is a specialty marketing and distribution firm focused on building brands in the Canadian smoking accessories, vaping and alternative products categories. As part of this transaction, ReCreation will transition its company name to Turning Point Brands Canada Corporation over the next 90 days. ReCreation has significantly expanded the reach of Zig-Zag papers, which now has presence in 75% of the volume-weighted distribution within the private dispensary channel. As a result of the ReCreation partnership, TPB expects to continue to expand its presence in Canada, creating an avenue for its broader portfolio of products to enter the Canadian market.
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CXBMF | Hot Stocks07:40 EDT Calibre Mining announces drill results from Eastern Borosi Project - Calibre Mining is pleased to provide drill results and an update on the progress at its 100% owned Eastern Borosi Project located in northeastern Nicaragua. Calibre is advancing the high-grade open pit, and underground resource veins at EBP to provide mill feed to the Libertad mill which has surplus capacity. A multi-rig resource expansion and discovery drilling program is now underway along strike of the known vein systems. Highlight Infill Drill Results: Guapinol Open Pit: 25.07 g/t Au over 9.7 metres ETW from 44.8 metres; 39.21 g/t Au over 3.1 metres ETW from 204.2 metres; 24.85 g/t Au over 3.9 metres ETW from 125.8 metres. Vancouver Open Pit: 9.38 g/t Au over 2.2 metres ETW from 134.5 metres in the HW vein and 8.90 g/t Au over 2.3 metres ETW from 150.0 metres in the FW vein; Riscos De Oro Underground: 33.64 g/t Au over 3.2 metres ETW from 311.8 metres; 1.26 g/t Au over 2.8 metres ETW from 306.0 metres. Darren Hall, President & Chief Executive Officer of Calibre, stated: "Today's infill drill results continue to demonstrate the high-grade nature of these deposits with Guapinol and Riscos de Oro delivering the best results to date. With EBP located within trucking distance of our Libertad mill, along established infrastructure, the project is poised to deliver our lowest cost ounces, again demonstrating the ability to efficiently translate satellite deposits into near term, high margin mill feed. The project is advancing ahead of our initial expectations with updated mineral resource estimates expected in Q1 2022 and operating permit submissions within the next six months. Furthermore, we see excellent exploration potential for discovering additional high-grade vein systems across the 176 km2 EBP land package. The exploration team have begun drilling high-priority targets for further resource expansion along the Guapinol and Riscos de Oro vein trends and for the discovery of new bonanza-style gold-silver vein systems along underexplored gold trends in the district."
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ZEV... | Hot Stocks07:38 EDT Lightning eMotors, Forest River enter $850M agreement to deploy 7,500 buses - Lightning eMotors (ZEV) and Forest River, a Berkshire Hathaway company (BRK.A), announced they have entered into a strategic partnership agreement to deploy up to 7,500 zero-emission shuttle buses. The agreement, with a potential estimated value of up to $850M, calls for Lightning eMotors to build fully electric powertrains and provide charging products, and services for Forest River over the next four and a half years. Lightning eMotors will manufacture the zero-emission-vehicle powertrain systems at their 231,000 square foot facility in Loveland, Colorado and ship the powertrains to Forest River's factory in Goshen, Indiana, for final assembly of the Class 4 and 5 all-electric passenger buses. The Elkhart, Indiana-based company has plans to dedicate 100,000 square feet to install Lightning eMotors' powertrains.
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DBTX | Hot Stocks07:38 EDT Decibel Therapeutics sees cash, cash equivalents funding operations into 2024 - Based on its current operating and development plans, Decibel believes that its existing cash, cash equivalents and available-for-sale securities will fund its pipeline programs and operating expenses into 2024.
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DBTX | Hot Stocks07:38 EDT Decibel Therapeutics provides update on upcoming milestones - Gene Therapies for Congenital, Monogenic Hearing Loss: Decibel expects to submit an investigational new drug application with the U.S. Food and Drug Administration and/or a Clinical Trial Application (CTA) in Europe for DB-OTO and initiate a Phase 1/2 clinical trial of DB-OTO for pediatric patients with congenital hearing loss due to an otoferlin deficiency in 2022. Decibel expects to announce the program target for its AAV.104 discovery program in patients with autosomal recessive hearing disorders in 2021. OGene Therapies for Hair Cell Regeneration: Decibel continues to advance AAV.201, its gene therapy program for regeneration of hair cells in the vestibule for the treatment of bilateral vestibulopathy. Decibel plans to announce the program target for AAV.201 in 2022. Otoprotection Therapeutic: Decibel expects to report interim results from the ongoing Phase 1b clinical trial of DB-020 in patients with cisplatin-induced hearing loss in the first half of 2022.
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MNMD | Hot Stocks07:37 EDT MindMed adds Robert Dworkin to its Scientific Advisory Board - MindMed announces the addition of Robert H. Dworkin, to its Scientific Advisory Board. Dworkin has spent over 35 years conducting clinical research on pain. He is currently Professor of Anesthesiology and Perioperative Medicine, Neurology, and Psychiatry, and Professor in the Center for Health + Technology, at the University of Rochester School of Medicine and Dentistry. He holds additional roles as the Director of the Analgesic, Anesthetic, and Addiction Clinical Trial Translations, Innovations, Opportunities, and Networks public-private partnership with the FDA; Special Government Employee of the FDA Center for Drug Evaluation and Research; and Associate Editor of Pain and a member of the Editorial Boards of Canadian Journal of Pain and Journal of Pain. Among his many awards, Dr. Dworkin received the American Pain Society's Wilbert E. Fordyce Clinical Investigator Award in 2005 and John and Emma Bonica Public Service Award in 2014, the American Academy of Neurology's Mitchell B. Max Award for Neuropathic Pain in 2015, and the International Association for the Study of Pain's John D. Loeser Award in 2020.
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RZLT | Hot Stocks07:37 EDT Rezolute initiates multiple-ascending dose study of RZ402 - Rezolute announced that the Company has initiated dosing in a Phase 1b multiple-ascending dose study of RZ402, Rezolute's investigational oral plasma kallikrein inhibitor for the treatment of diabetic macular edema. Rezolute also announced the appointment of ophthalmology expert and key opinion leader, Dr. Rajat Agrawal, MD, MS, as Vice President, Clinical Development to lead the RZ402 clinical development program.
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FNCH TAK | Hot Stocks07:36 EDT Finch Therapeutics says Takeda to accelerate leadership role in FIN-524 program - Finch Therapeutics Group (FNCH) announced that Takeda Pharmaceutical Company Limited (TAK) has elected to accelerate the transition of development responsibility for the FIN-524 ulcerative colitis development program. Takeda will assume primary development responsibility for the program, now known as TAK-524, ahead of the planned initiation of clinical-stage development. The transition will enable Takeda to leverage its expertise in inflammatory bowel disease throughout the clinical development of FIN-524/TAK-524. FIN-524/TAK-524 is an investigational, orally administered targeted consortia product candidate composed of both spore-forming and non-spore-forming bacterial strains selected for the treatment of ulcerative colitis. FIN-524/TAK-524 is designed to treat ulcerative colitis by harnessing the gut microbiome's ability to modulate the host immune system.
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HRMY BX | Hot Stocks07:35 EDT Harmony Biosciences and Blackstone announce strategic financing collaboration - Harmony Biosciences Holdings (HRMY) and Blackstone (BX) announced that they have entered into a strategic financing collaboration where funds managed by Blackstone have agreed to provide Harmony with up to $330M of financing and growth capital. The strategic financing collaboration with Blackstone includes up to $300M in debt capital and a $30M equity investment in Harmony common stock. The $300M of debt capital includes a senior secured term loan facility in aggregate original principal amount of $200M, and a $100M senior secured delayed draw term loan facility that is available to be drawn within 12 months of closing, subject to the terms of the facility. Substantially all of the proceeds from the initial $200M term loan and the related sale of Harmony's common stock were used to pay off Harmony's existing debt facility, together with the payment of fees and expenses, resulting in a significantly lower cost of capital. Paragon Health Capital, Cantor Fitzgerald & Co., Oppenheimer & Co. and Raymond James served as financial advisors to Harmony. Hogan Lovells US served as legal advisor to Harmony and Ropes & Gray served as legal advisor to Blackstone.
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SCPL SGMS | Hot Stocks07:35 EDT SciPlay forms special committee to review Scientific Games' proposal - SciPlay (SCPL) announced that its Board of Directors has formed a special committee of independent directors consisting of William Thompson, Gerald Cohen, and Michael Marchetti. The Board has granted the Special Committee independent authority to review and evaluate a previously announced proposal that the Board received on July 15 from Scientific Games (SGMS), proposing that Scientific Games acquire the remaining 19% equity interest in SciPlay that Scientific Games does not currently own in an all-stock transaction. In the Proposed Transaction, SciPlay shareholders, other than Scientific Games and its subsidiaries, would receive 0.250 shares of Scientific Games common stock for each share of SciPlay Class A common stock they own, which would imply a premium of 11% based on the Scientific Games and SciPlay respective stock prices as of the close of business on July 14, the last trading day prior to Scientific Games' proposal. The Special Committee has retained Lazard as its financial advisor and Sullivan & Cromwell LLP as its legal counsel in connection with its review and evaluation of the Proposed Transaction.
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CCHWF | Hot Stocks07:34 EDT Columbia Care commences adult use sales at Boston dispensary - Columbia Care announced that it will commence adult use sales at its co-located downtown Boston dispensary on Milk Street, operating as Patriot Care.
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VRCA | Hot Stocks07:33 EDT Verrica Pharmaceuticals expects cash to support operations at least into 1Q23 - As of June 30, 2021, Verrica had aggregate cash, cash equivalents, and marketable securities of $90.1 million. The Company believes that its existing cash, cash equivalents, and marketable securities as of June 30, 2021 will be sufficient to support planned operations at least into the first quarter of 2023.
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ATCX | Hot Stocks07:33 EDT Atlas Technical awarded $4M materials, testing contract with Texas DOT - Atlas Technical Consultants announced a materials and testing services contract for the Texas Department of Transportation's, or DOT, Austin District. The contract is valued for $4M over a period of up to five years. "We continue to be proud of our working relationship with the Texas DOT and our combined efforts to improve the communities where we live and work," said Atlas COO, Ken Burns. "Our expertise in materials testing to ensure safety and sustainability of infrastructure projects continues to be a focus of our clients. We continue to invest in the technology and resources needed to provide quality assurance in this service area." Contract services include the sampling, testing, inspection work, and related services for Asphaltic and Concrete construction; and the individual and component materials for sampling, testing, plant inspections, cleanup of State equipment, maintenance of State equipment, and issuing reports in a timely and thorough manner. The contract work will be focused in the Austin District, but work may be required in other districts. The Austin District includes Bastrop, Blanco, Burnet, Caldwell, Gillespie, Hays, Lee, Llano, Mason, Travis and Williamson counties.
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NCR | Hot Stocks07:33 EDT NCR Corp. receives final CMA approval to combine with Cardtronics - NCR Corp. announced it has received final approval to combine with Cardtronics from the Competition and Markets Authority, or CMA, of the United Kingdom. The CMA approved the transaction without any conditions. All regulatory approvals and consents are now secured, and the transaction is complete.
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IAS | Hot Stocks07:32 EDT Integral Ad Science acquires Publica in $220M cash and stock transaction - Integral Ad Science announced that it has acquired Publica, the connected TV advertising platform, in a cash and stock transaction valued at $220M. With this acquisition, IAS is accelerating its CTV strategy to help publishers better monetize their video programming across CTV devices, while building new tools to provide advertisers with much-needed transparency into the quality of this inventory. Under the terms of the agreement, IAS has acquired Publica in a transaction valued at $220M, consisting of approximately 75% in cash consideration and 25% in IAS stock. IAS will discuss the acquisition's anticipated contribution to its financial outlook when it reports second quarter 2021 results on August 12.
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KRNT | Hot Stocks07:30 EDT Kornit Digital acquires Voxel8, expanding technology portfolio - Kornit Digital announced the acquisition of all associated assets of Somerville, Massachusetts-based Voxel8. Voxel8's advanced additive manufacturing technology for textiles allows for digital fabrication of functional features with zonal control of material properties, in addition to utilizing high-performance elastomers adhering to inkjet technology. "By integrating Voxel8's technology into Kornit's product roadmap, we will be able to transform numerous market segments and verticals, accelerating our collective visions and technology advancements," said Kobi Mann, Kornit Digital Chief Technology Officer. "Voxel8 offers direct 3D print-on-part capabilities, advanced design software that can be easily integrated with any production floor software workflow, and versatile chemistry enabling on-the-fly formulation of high-performance elastomers to change the material properties of the resulting printed structures by multiple orders of magnitude. This means reflective, high-density, silicone and metallics, as well as compression elements for sports and therapeutics, protection elements like cushioning and impact resistance, and functionality applications like anti-slip, waterproofing, and other qualities combining form and function that are key to Kornit's vision of digitizing production in every conceivable manner."
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FULC | Hot Stocks07:25 EDT Fulcrum Therapeutics announces interim results from Phase 1 trial of FTX-6058 - Fulcrum Therapeutics announced "positive" interim results from the ongoing single- and multiple-ascending dose, or SAD and MAD, Phase 1 trial with FTX-6058 in healthy adult volunteers. FTX-6058 is an investigational, potent, and selective small molecule inhibitor of EED designed to increase the expression of fetal hemoglobin with the potential to treat hemoglobinopathies, such as sickle cell disease and beta-thalassemia. Results from the MAD portion of the trial demonstrated proof of biology as evidenced by a dose proportional induction in HBG mRNA and accompanying increases in HbF-containing reticulocytes. At 10mg, the highest dose studied to date, the mean changes were 4.5-fold and 4.2-fold, respectively. The increases in F-reticulocytes indicate that the HBG mRNA increases observed with FTX-6058 treatment are translating to HbF protein production. Additionally, all FTX-6058 doses in the MAD portion of the trial achieved maximal target engagement as evidenced by decreases in trimethylation at lysine 27 of histone H3 (H3K27me3), a downstream target of the polycomb repressive complex 2. These proof of mechanism results were achieved with once-daily, oral administration of FTX-6058 for 14 consecutive days, which was also generally well-tolerated in all SAD and MAD cohorts completed to date. There were no serious adverse events reported and no discontinuations. All treatment-emergent adverse events deemed at least possibly related were mild in both the SAD and MAD cohorts. Fulcrum anticipates presenting additional results from all Phase 1 dose cohorts at an upcoming medical meeting in the fourth quarter of 2021, pending abstract acceptance. Based on the results reported today, Fulcrum anticipates initiating enrollment in a clinical trial in sickle cell patients in the fourth quarter of 2021. The Phase 1b trial will be an open-label multi-dose trial starting at 6mg once-daily dosing and will include a treatment period of up to three months. This trial could provide the opportunity to demonstrate HbF protein induction in people living with sickle cell disease and will be used to help inform a potential Phase 2/3 trial. These results also support the initiation of a clinical trial in non-SCD hemoglobinopathies and Fulcrum plans to submit an IND by year-end 2021.
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FULC | Hot Stocks07:23 EDT Fulcrum Therapeutics provides upcoming milestones - Fulcrum plans to initiate enrollment in a Phase 1b clinical trial in sickle cell patients with FTX-6058 in the fourth quarter of 2021. Fulcrum plans to submit an IND in non-sickle cell disease hemoglobinopathies by year-end 2021. Fulcrum plans to meet with health authorities, including the U.S. Food and Drug Administration, in the second half of 2021 to determine the regulatory path for losmapimod in FSHD.
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FULC | Hot Stocks07:22 EDT Fulcrum Therapeutics sees cash, cash equivalents fund until Q1 of 2023 - Cash Position: As of June 30, 2021, cash, cash equivalents, and marketable securities were $125.6 million, as compared to $112.9 million as of December 31, 2020. Based on current plans, the company expects that its existing cash, cash equivalents, and marketable securities will be sufficient to enable it to fund its operating expenses and capital expenditure requirements into the first quarter of 2023.
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FLGC | Hot Stocks07:21 EDT Flora Growth unit completes 1st order valued at $1.1M to Tropi - Flora Growth is pleased to announce that its food and beverage division, Kasa Wholefoods Company has completed its first purchase order, valued at approximately US$1.1M, to Importaciones y Asesorias ,Tropi, as part of the sales agreement announced in July. Flora expects Kasa to complete similar deliveries on a monthly basis moving forward. Kasa intends on leveraging this initial sales agreement with Colombia's largest consumer packaged goods, CPG, distributor to generate additional sales of its entire food and beverage product portfolio in Colombia. Given the recently announced cannabis law changes in Colombia that will allow for the production and marketing of cannabinoid-containing ingestible products, Kasa will look to maximize the value of the relationship and amplify revenue growth of its CBD product portfolio. This agreement exemplifies Flora Growth's strategy of building out its distribution channels and sales relationships utilizing high-quality traditional CPG products, underpinned by its low-cost, high-margin cannabis raw materials. "We believe this initial sale demonstrates Flora's ability to rapidly follow through on its commitments and marks a major turning point for our Kasa Wholefoods division. We expect this relationship with Tropi to generate significant revenue potential in both the short and long term as we build upon a relationship with the leading food and beverage distributor in Colombia," said Jason Warnock, Chief Revenue Officer of Flora. "Moving forward, we will work to increase monthly sales to our target of US$2M, including foraying into the newly permitted product category of cannabis-containing ingestible products that will offer increased wellness properties for end consumers."
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HOTP ASAX | Hot Stocks07:20 EDT Astrea Acquisition, HotelPlanner, Reservations.com enter three-way merger - HotelPlanner, Reservations.com, and Astrea Acquisition Corp. announced that they have entered into a definitive three-way merger agreement for a business combination. "Through this transaction, HotelPlanner, with its family of brands including Meetings.com and Reservations.com, plans to leverage its 1+ million hotel room and alternative accommodation inventory and proprietary booking engine to unlock synergies across the travel ecosystem. The transaction is expected to position the combined company to capitalize on expected increased demand for individual, group, and corporate travel and to invest to drive accelerated growth, expand internationally and pursue attractive, well-timed, high-return M&A opportunities," the company stated. Upon completion of the business combination, which is expected to occur in the fourth quarter of 2021, the combined travel technology company will operate as HotelPlanner, and will be listed on NASDAQ under the new ticker symbol "HOTP." The transaction implies a pro forma company's enterprise value of $567.1M, or 3.3x HotelPlanner's estimated 2022 revenue of approximately $170M, and an implied equity market capitalization of approximately $687.9M. The transaction is expected to provide HotelPlanner with more than $120M in cash proceeds to its balance sheet, assuming no redemptions, to drive business performance and accelerate organic growth through investments and technology developments in artificial intelligence, machine learning, onboarding of gig-based travel agents, innovations and API services, and selective acquisitions. Existing HotelPlanner and Reservations.com owners have agreed to roll-over approximately 93% of its ownership and expect to retain approximately 68% ownership following consummation of the business combination. Secondary proceeds of $35M are primarily intended to effectuate the transaction between Reservations.com and HotelPlanner. The transaction will require the approval of the stockholders of Astrea, and is subject to other customary closing conditions, including the receipt of certain regulatory approvals. The transaction is expected to close in the fourth quarter.
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LAD | Hot Stocks07:19 EDT Lithia Motors reports 800 transaction in July up 45% from the previous quarter - Lithia & Driveway reported transaction volume acceleration and are exceeding mid-year projections. Driveway reported 800 transactions in the month of July, compared to 550 in June, a 45% increase month-over-month. The company is now pacing nearly 10,000 annual transactions and one large step closer to the year-end run rate target of 15,000.
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NNOX | Hot Stocks07:18 EDT Nano-X Imaging announces intent to acquire USARAD and MDW for $30M - Nano-X Imaging announced entry into two agreements intended to create a globally connected, end-to-end radiology solution. The Company announced that it has entered into an agreement to acquire a leading medical artificial intelligence developer Zebra Medical Vision for a total of $100 million upfront, and up to another $100 million tied to achievement of specific milestones, all to be paid in Nanox shares. Nanox also announced that it has entered into a binding letter of intent to acquire USARAD and its related company, Medical Diagnostics Web, or MDW. USARAD operates a global network of 300 radiologists. Total consideration for USARAD and MDW is $30M, comprising $21M of Nanox shares and $9M in cash. The acquisition of Zebra Medical Vision is anticipated to fuel both companies' shared goal of forming the next generation of AI-enabled hardware and software devices, which is expected to set a new standard in the medical devices sector. If these proposed strategic acquisitions are consummated, Nanox will be in the position to gear up towards addressing three major international shortages on a global scale: the shortage of medical imaging devices, radiologists, and connectivity between countries and societies in analyzing medical data.
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IMV | Hot Stocks07:18 EDT IMV Inc. announces final topline results from DeCidE1 - IMV Inc. announced the final topline results of the DeCidE1 Phase 2 clinical trial evaluating maveropepimut-S in subjects with advanced recurrent ovarian cancer. Secondary endpoints in the DeCidE1 clinical study included an extensive analysis of collected biological samples. Jeremy Graff, chief scientific officer of IMV commented, "The translational analyses provide strong evidence that maveropepimut-S successfully elicits the generation of tumor antigen-specific T cells. Importantly, these analyses affirm the molecular and cellular mechanism of MVP-S based therapy. This data will also inform the discussion and design of a Phase 2 clinical study to be submitted to the FDA." The details of these translational analyses have been submitted to upcoming scientific meetings for presentation.
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TDG | Hot Stocks07:17 EDT TransDigm announces transition of W. Nicholas Howley to Chairman - TransDigm announced that W. Nicholas Howley, previously TransDigm's Executive Chairman, transitioned to non-executive Chairman of the Board of Directors effective August 6. As Chairman and Chair of the Executive Committee, Howley will continue to focus his efforts primarily on matters relating to capital allocation, mergers and acquisitions, corporate strategy, and leadership of the Board of Directors. This transition timeline is accelerated by roughly one year, as Howley's previous employment agreement anticipated his transition from Executive Chairman to Chairman in December 2022. Howley intends to continue in the Chairman role through at least fiscal 2024, which is the same commitment time period as his previous employment agreement.
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AEVA | Hot Stocks07:16 EDT Aeva Technologies announces strategic LiDAR collaboration with Nikon - Aeva announced a strategic collaboration with Nikon, a manufacturer and supplier of metrology and inspection equipment for the industrial automation and metrology markets. The companies will focus on bringing Frequency Modulated Continuous Wave, or FMCW, 4D LiDAR with unique micron-level measurement capability to high precision industrial automation and metrology applications.
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TDG | Hot Stocks07:15 EDT TransDigm says fiscal 2021 financial guidance remains suspended at this time
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CDW CNA | Hot Stocks07:14 EDT CDW announces Al Miralles as CFO - CDW (CDW) announced that Al Miralles will join CDW as senior vice president and CFO, effective September 7. He will succeed Collin Kebo, who previously announced his intention to retire after 13 years with CDW. Miralles will report to Christine Leahy, president and chief executive officer. Miralles joins CDW from CNA Financial (CNA) where he most recently served as executive VP and CFO.
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SRNG | Hot Stocks07:14 EDT Cathie Wood's ARK Investment bought 7M shares of Soaring Eagle Acquisition
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BTAI | Hot Stocks07:14 EDT BioXcel Therapeutics reviews upcoming milestones - For the company's neuroscience program: plans are underway for a Marketing Authorization Application with the European Medicines Agency of BXCL501 for the acute treatment of agitation associated with schizophrenia and bipolar disorders I & II in 2H 2021. For the company's immuno-oncology program: data readout from the adenocarcinoma cohort of the Phase 1b/2 trial of BXCL701 and pembrolizumab in aggressive forms of prostate cancer is planned for Q3 2021.
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IMTX | Hot Stocks07:13 EDT Immatics sees cash reach into 2023 - Cash and cash equivalents as well as Other financial assets total EUR 192.8 million as of June 30, 2021, compared to EUR 216.7 million as of March 31, 2021.
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CP... | Hot Stocks07:13 EDT Canadian Pacific offer represents enterprise value of approximately $31B
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CP... | Hot Stocks07:13 EDT Canadian Pacific revises proposal to acquire KCS valuing company at $300/share - Canadian Pacific Railway Limited (CP) announced it has submitted a proposal to acquire Kansas City Southern (KSU) in a stock and cash transaction representing an enterprise value of approximately $31B. The proposed transaction, which has the unanimous support of the CP Board of Directors, values KCS at $300 per share, representing a 34% premium, based on the CP closing price on August 9, 2021 and KCS unaffected closing price on March 19, 2021. Following the closing into a voting trust, common shareholders of KCS will receive 2.884 CP common shares and $90 in cash for each share of KCS common stock held. The proposed transaction includes the assumption of $3.8B of outstanding KCS debt. CP said in a statement: "This superior proposal represents improved terms to those agreed to in the CP-KCS merger agreement entered into on March 21, 2021 that are substantially similar to those in the CN (CNI) merger agreement, but offers significantly higher regulatory certainty than the proposed CN merger and significantly higher value than our previously agreed combination."
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TSP | Hot Stocks07:12 EDT Cathie Wood's ARK Investment bought 316.8K shares of TuSimple on Monday
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HAL | Hot Stocks07:11 EDT Halliburton awarded offshore integrated contract from Sapura Drilling - Halliburton announced that Sapura Drilling, a subsidiary of Sapura Energy, has awarded it an offshore integrated contract. Sapura, with Halliburton as its technical partner, will execute an integrated rig drilling completion, or i-RDC, contract for a six well offshore well construction program. The uniquely integrated nature of the contract opens the pathway for Halliburton, in collaboration with Sapura Drilling and Petronas Carigali Sdn Bhd, to synergistically deploy its state-of-the-art Halliburton 4.0 digital platform to its fullest potential to achieve a step change improvement in operational efficiency.
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BTAI | Hot Stocks07:11 EDT BioXcel Therapeutics reports Q2 EPS ($1.11), consensus ($1.08) - In June 2021, the Company raised gross proceeds of approximately of $100M in a common stock offering, providing sufficient cash runway to further fund ongoing clinical development studies and commercialization readiness preparations. "During the second quarter, we continued to successfully execute across our clinical, regulatory and commercial objectives for our neuroscience candidate, BXCL501, including furthering our plans for the pivotal Phase 3 program in dementia, executing on our global expansion strategy, and advancing through the regulatory review process," said Vimal Mehta, Ph.D., CEO of BioXcel. "With acceptance of our NDA by the FDA, we are one step closer to our first-ever product approval and making this innovative therapy available to patients suffering from acute agitation associated with schizophrenia and bipolar disorders. We continue to advance our commercial readiness strategy, if approved, and in parallel are advancing our strategic plans for geographic expansion."
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CP KSU | Hot Stocks07:11 EDT Canadian Pacific revises proposal to acquire KCS valuing company at $300/share
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CLNN | Hot Stocks07:10 EDT Clene expects cash to fund expenses for a period extending beyond 12 months - Clene's cash totaled approximately $63.0 million as of June 30, 2021, compared to approximately $59.3 million as of December 31, 2020. The increase in cash through the second quarter ended June 30, 2021 was primarily due to approximately $17.7 million of net cash used in operating activities; $0.4 million of net cash used in investing activities; and $21.9 million of net cash provided by financing activities. Included in net cash provided by financing activities is $9.3 million of net proceeds from a PIPE offering and $14.5 million of net proceeds from a venture loan agreement which occurred concurrently in May 2021. Clene expects that its cash as of June 30, 2021 will be sufficient to fund its operations for a period extending beyond twelve months from the date the June 30, 2021 condensed consolidated financial statements are issued.
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CLNN | Hot Stocks07:09 EDT Clene announces anticipated 2021 milestones - HEALEY ALS Platform Trial full enrollment: 2H 2021; Phase 2 RESCUE-ALS topline data: 2H 2021; Phase 2 CNM-ZnAg COVID-19 topline data: 2H 2021; Initiation of Phase 2 RESCUE-PD efficacy trial: 2H 2021
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INVZ | Hot Stocks07:09 EDT Innoviz Technologies forms partnership with Curium - Innoviz Technologies has formed a partnership with Curium, a leading developer of automated calibration services for Autonomous Systems. Curium's automated calibration software ensures that the vehicle's sensor suite is working as it should, even under dynamically changing conditions. Through the partnership agreement, Curium will apply its patented calibration techniques to its advanced driving system using the advanced capabilities of Innoviz's solid-state LiDAR sensor. Curium's solution actually simplifies the integration of the InnovizOne Lidar into any vehicle, as well as the installation of the sensor in the production stage.
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CSIQ PCG | Hot Stocks07:08 EDT Recurrent Energy signs 600 MWH long-term energy storage pact with PG&E - Recurrent Energy, a wholly-owned subsidiary of Canadian Solar (CSIQ), announced it signed a 15-year Resource Adequacy agreement with Pacific Gas & Electric (PCG) to provide 150 MW / 600 MWh of energy storage in phase 2 of the Crimson project beginning in the summer of 2022. The 350 MW / 1,400 MWh Crimson project will be one of the largest battery energy storage projects in the world when it comes online beginning in summer 2022
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ALTR | Hot Stocks07:07 EDT Altair Engineering acquires S-FRAME Software - Altair announced that it has acquired S-FRAME Software, a structural analysis software platform used by engineers to evaluate a structure's ability to withstand external loads and meet design code requirements around the world. S-FRAME Software's integrated solutions make it possible to analyze, design, and detail structures regardless of geometric complexity, loading conditions, nonlinear effects, design code requirements, or material type including steel, concrete, composites, or mass timber, one of the hottest in sustainable building materials. S-FRAME Software will be available via Altair Units, Altair's patented, subscription-based licensing model, which allows organizations to pay only for what their employees need, when they need it.
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FHTX | Hot Stocks07:06 EDT Foghorn Therapeutics provides upcoming milestones, corporate update - Foghorn reported cash, cash equivalents and marketable securities of $141.3 million as of June 30, 2021, as compared to $160.9M as of March 31, 2021, and $185.8M as of December 31, 2020. Foghorn expects initial data from the company's phase 1 studies of FHD-286 in both metastatic uveal melanoma and relapsed/refractory AML and MDS as early as the fourth quarter of 2021. Foghorn expects initial data from the company's phase 1 study in synovial sarcoma as early as the first half of 2022. "We continue to make solid progress advancing our two first-in-class clinical programs to emerge from our proprietary Gene Traffic Control Platform," said Adrian Gottschalk, President and Chief Executive Officer. "We anticipate having initial phase I data of FHD-286, our selective, oral inhibitor of BRG1/BRM in metastatic uveal melanoma and relapsed or refractory AML and myelodysplastic syndromes, as early as the fourth quarter of 2021, and phase I data of FHD-609, our first protein degrader clinical candidate, for the treatment of synovial sarcoma as early as the first half of 2022."
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SGTX | Hot Stocks07:05 EDT Sigilon Therapeutics announces anticipated milestones - Sigilon expects to initiate a Phase 1/2 trial of SIG-005 in patients with MPS-1 in the second half of 2021. The Company expects to disclose up to 9 months of follow-up data for three patients from the Phase 1/2 safety and dose-ranging study of SIG-001 in severe to moderate-severe hemophilia in the third quarter of 2021.
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EXTR | Hot Stocks07:04 EDT Extreme Networks intends to acquire Infovista's Ipanema SD-WAN business - Extreme Networks announced the intent to acquire a newly created entity called Ipanematech SAS, the SD-WAN division of Infovista. The acquisition will expand Extreme's market-leading ExtremeClouda portfolio, offering new cloud-managed SD-WAN and security solutions required to power the Infinite Enterprise. Extreme expects that Infovista will enter into a definitive purchase agreement with Extreme for purchase and sale of approximately $73M in an all-cash deal, subject to customary adjustments. Ipanema is a privately held company, currently part of Infovista and majority owned by Private Equity firm Apax Partners with a minority stake owned by Thoma Bravo. The acquisition is expected to close in October 2021, pending works counsel consultations. Moelis & Company is serving as a strategic financial advisor for Extreme Networks. Extreme expects the acquisition of Ipanema to be neutral to Non-GAAP EPS in FY22 (July 1, 2021 - June 30, 2022) and accretive to non-GAAP EPS in FY23 (July 1, 2022 - June 30, 2023).
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ACHL | Hot Stocks07:02 EDT Achilles Therapeutics expects cash to fund operations into 2H23 - Cash and cash equivalents were $299.3 million as of June 30, 2021, as compared to $177.8 million as of December 31, 2020. Current cash and cash equivalents include net proceeds of $160.6 million from an initial public offering that closed in the second quarter. The Company anticipates that its cash and cash equivalents are sufficient to fund its planned operations into the second half of 2023, including full funding of the ongoing Phase I/IIa CHIRON and THETIS clinical trials.
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NAK | Hot Stocks06:58 EDT Northern Dynasty says Pebble project facilities unaffected by earthquake - Northern Dynasty reported that its 100%-owned US-based subsidiary Pebble Limited Partnership has determined the 8.1 magnitude earthquake experienced in Alaska on July 28 resulted in substantially less ground movement at the project site than the seismic events considered in the assessment of the stability of its proposed tailings facility designs.
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SAH | Hot Stocks06:57 EDT Sonic Automotive opens new delivery center in the Austin market - Sonic Automotive announced the opening of its newest delivery center in the Austin market. This is the sixth EchoPark location in Texas.
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MRK | Hot Stocks06:47 EDT Merck: FDA accepts for review new sBLA for KEYTRUDA - Merck announced that the U.S. FDA has accepted for review a new supplemental Biologics License Application seeking approval for KEYTRUDA, Merck's anti-PD-1 therapy, as a single agent for the treatment of patients with advanced endometrial carcinoma that is microsatellite instability-high or mismatch repair deficient, who have disease progression following prior systemic therapy in any setting and are not candidates for curative surgery or radiation. The application is based on overall response data from Cohorts D and K of the KEYNOTE-158 trial, which will be presented for the first time at the European Society for Medical Oncology Congress 2021 (Abstract #795P). The FDA has set a Prescription Drug User Fee Act, or target action, date of March 28, 2022.
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MRK | Hot Stocks06:43 EDT Merck: FDA grants priority review for new sBLA for Keytruda - Merck announced that the U.S. FDA has accepted and granted priority review for a new supplemental Biologics License Application for KEYTRUDA, Merck's anti-PD-1 therapy, for the adjuvant treatment of patients with renal cell carcinoma at intermediate-high or high risk of recurrence following nephrectomy or following nephrectomy and resection of metastatic lesions. This sBLA is based on data from the pivotal Phase 3 KEYNOTE-564 trial, in which KEYTRUDA demonstrated a statistically significant and clinically meaningful improvement in disease-free survival compared to placebo. These data were presented at the 2021 American Society of Clinical Oncology Annual Meeting. The FDA has set a Prescription Drug User Fee Act, or target action, date of December 10, 2021.
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NABL | Hot Stocks06:39 EDT N-able names Kathleen Pai as Chief People Officer - N-able has named Kathleen Pai as its new chief people officer. Pai brings vast experience across all elements of human resources strategy and people development, and will help nurture, support, and grow the global N-able team. Prior to joining SolarWinds in January 2020, Kathleen served as vice president of people at Ultimate Software.
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GHM | Hot Stocks06:37 EDT Graham promotes Daniel Thoren to CEO - Graham announced that its Board of Directors has appointed Daniel J. Thoren as its President and CEO, effective September 1. Thoren will also join the Board of Directors upon assuming the new role. Thoren currently serves as Graham's President and COO. He will succeed James Lines, who plans to retire from the Company and step down from the Board of Directors. Dan Thoren became Graham's President and COO in June. Prior to that, Thoren served as Barber Nichols' President and CEO since 1997 and more than quadrupled the size of the business in that time. From 1991 to 1997, he held Senior Engineer and Engineering management posts at the company. Thoren earned a B.S. degree in Mechanical Engineering from the University of Wyoming and a M.S. degree in Organizational Management from the University of Colorado, Denver.
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ARMK | Hot Stocks06:35 EDT Aramark sees continued organic revenue improvement in Q4 - In the fourth quarter, Aramark expects ongoing business performance progress led by an accelerated pace of client reopenings, including essentially all Education clients returning to in-person learning for the start of the academic year. The Company currently expects fourth quarter performance as follows: Continued organic revenue improvement, reaching 80% to 85% of 2019 levels; Adjusted Operating Income margin in a range of 4.5% to 5.0%; Free Cash Flow outlook raised to generating $150 million to $250 million for fiscal 2021, driven by an expected strong seasonal cash inflow in the fourth quarter associated with the Higher Education business. Comparatively, Free Cash Flow was a use of $188 million in fiscal 2020.
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NLSN MDP | Hot Stocks06:12 EDT Nielsen, Meredith reach multi-year renewal agreement for local TV ratings - Nielsen (NLSN) and Meredith (MDP) announced that they have reached a multi-year renewal agreement for Nielsen Local TV ratings. The agreement includes a range of audience measurement and analytical services across all Meredith's local stations, including Nielsen Scarborough. Nielsen Scarborough will provide consumer behavior data on more than 2,000 categories about local shopping, product purchasing, lifestyle and media usage to give Meredith a view of the local market consumer.
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ADOM | Hot Stocks06:10 EDT Envirotech Vehicles stockholders approve reverse stock split - Envirotech Vehicles announced that at its annual stockholders' meeting the stockholders approved by an 85.8% to 14.2% margin an amendment to the company's amended and restated certificate of incorporation to implement a reverse stock split of the outstanding shares of common stock, within a range from 1-for-4 to 1-for-20, with the exact ratio of the reverse split to be determined by the board. No timetable or the exact ratio of a reverse split has been determined at this date. The company expects to file an application to list its common stock on Nasdaq and would effect the reverse split in order to meet Nasdaq's minimum trading price requirement. There is no guarantee that the company's application for listing with Nasdaq will be approved.
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GNSS | Hot Stocks06:10 EDT Genasys awarded five-year public safety alert software services contract - Genasys announced a five-year public safety alert software services contract from the municipality of Longueuil, Montreal's second largest suburb and the fifth largest city in Quebec.
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ASAXU | Hot Stocks06:05 EDT Astrea Acquisition Corp., HotelPlanner, Reservations.com enter three-way merger - HotelPlanner, Reservations.com, and Astrea Acquisition Corp. announced that they have entered into a definitive three-way merger agreement for a business combination. Through this transaction, HotelPlanner, with its family of brands including Meetings.com and Reservations.com, plans to leverage its 1+ million hotel room and alternative accommodation inventory and proprietary booking engine to unlock synergies across the travel ecosystem. The transaction is expected to position the combined company to capitalize on expected increased demand for individual, group, and corporate travel and to invest to drive accelerated growth, expand internationally and pursue attractive, well-timed, high-return M&A opportunities. Upon completion of the business combination, which is expected to occur in the fourth quarter of 2021, the combined travel technology company will operate as HotelPlanner, and will be listed on NASDAQ under the new ticker symbol "HOTP." The transaction implies a pro forma company's enterprise value of $567.1M, or 3.3x HotelPlanner's estimated 2022 revenue of approximately $170M, and an implied equity market capitalization of approximately $687.9M. The transaction is expected to provide HotelPlanner with more than $120M in cash proceeds to its balance sheet, assuming no redemptions, to drive business performance and accelerate organic growth through investments and technology developments in artificial intelligence, machine learning, onboarding of gig-based travel agents, innovations and API services, and selective acquisitions. Existing HotelPlanner and Reservations.com owners have agreed to roll-over approximately 93% of its ownership and expect to retain approximately 68% ownership following consummation of the business combination. Secondary proceeds of $35M are primarily intended to effectuate the transaction between Reservations.com and HotelPlanner. The transaction will require the approval of the stockholders of Astrea, and is subject to other customary closing conditions, including the receipt of certain regulatory approvals. The transaction is expected to close in the fourth quarter.
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EFX | Hot Stocks06:04 EDT Equifax to acquire Appriss Insights for $1.83B, sees EPS accretion in 2022 - Equifax has signed a definitive agreement to acquire Appriss Insights, a source of risk and criminal justice intelligence, for $1.83B. In conjunction with the acquisition, Equifax will receive a tax benefit with a net present value at time of purchase of approximately $360M. Appriss Insights, a portfolio company of Clearlake Capital and Insight Partners, provides data used in public and workplace safety, law enforcement, fraud detection and prevention, and healthcare credentialing. Appriss Insights is expected to generate approximately $150M of revenue in 2021, up 30% over last year, and the transaction is expected to be accretive to Equifax adjusted EPS in 2022. Appriss Insights was founded in 1994 with the creation of the VINEnetwork, a proprietary victim notification network that empowers victims with information regarding incarcerated persons. VINE uses Appriss' incarceration data network to deliver more than 25M notifications every year and is utilized by 47 states and the territory of Guam to protect crime victims. Appriss Insights' incarceration data network has more than 170M historical booking records accounting for over 90% of near real-time incarcerations in the United States. The company also has built a proprietary national criminal justice database, NCIS. Appriss Insights will continue to be led by Brian Matthews and will be based in Louisville, Kentucky. Its employees will join the Equifax workforce solutions business. Appriss Health and Appriss Retail will remain part of Appriss Inc. and are not a part of this transaction. The transaction is subject to customary closing conditions and regulatory review and is expected to close in the second half of 2021.
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AMZN | Hot Stocks05:43 EDT Amazon to pay damages for dangerous goods sold by independent merchants - Amazon said in a statement: "Amazon stands behind our customers and the products in our store. We are extending our A-to-z Guarantee to protect customers in the unlikely event a defective product sold through Amazon.com causes property damage or personal injury-regardless of who sells it. Amazon originally launched the A-to-z Guarantee more than 20 years ago to provide customers with a hassle-free return process for products sold and fulfilled by third-party sellers. This helped customers more confidently shop from sellers, raising the bar on customer experience and driving sellers' growth. Now, in the unlikely event a defective product sold through Amazon.com causes property damage or personal injury, Amazon will directly pay customers for claims under $1,000-which account for more than 80% of cases-at no cost to sellers, and may step in to pay claims for higher amounts if the seller is unresponsive or rejects a claim we believe to be valid. We are also launching Amazon Insurance Accelerator to help sellers buy insurance at competitive rates from trusted providers. We're excited that these innovations create a more trustworthy shopping and selling experience for customers and sellers in our store." Reference Link
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OR | Hot Stocks05:42 EDT Osisko Gold increases quarterly dividend 10% - Osisko Gold announced a Q3 dividend of C$0.05.5 per common share, a 10% increase over Q2, for an annualized dividend of 22c per share. The dividend will be payable on October 15 to shareholders of record as of the close of business on September 30.
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GOGL | Hot Stocks05:23 EDT Golden Ocean exits Capesize Chartering joint venture - Golden Ocean announced that it has terminated its relationship with Capesize Chartering, a joint venture to coordinate the Capesize spot chartering services of Golden Ocean, Starbulk, CTM and Bocimar. Ulrik Andersen, CEO of Golden Ocean Management, commented: "We have enjoyed our close cooperation with our CCL partners over the last five years. CCL was formed in 2016 to achieve greater commercial scale amid a challenging commercial environment. Since then, the market has improved, and Golden Ocean has significantly expanded and modernised its fleet, most recently with the acquisition of 18 modern dry bulk vessels. We believe Golden Ocean has the critical mass to achieve the benefits of scale outside of the joint venture. With all of our vessels managed by a single commercial management platform, Golden Ocean will have better control of the commercial strategy, as well as coming closer to our customers. Backed by a strong commercial team, we believe that Golden Ocean will be better positioned to maximise the value of our platform."
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ASX | Hot Stocks05:21 EDT ASE Technology reports July revenue $1.67B vs. $1.26B last year, up 32.1%
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J | Hot Stocks05:19 EDT Jacobs selected to design safety feature for ITER fusion project - Jacobs was selected to design and deliver the first plasma Radiological Environmental Monitoring System, or REMS, a safety system for ITER, the world's largest fusion energy experiment. The first plasma REMS, which protects workers and the environment against ionizing radiation by monitoring radiological activity, is needed for the moment when ITER starts operations. Fusion for Energy, or F4E, the organization responsible for the European Union's contribution to ITER, amounting to nearly half of the project, estimates the contract for final design, procurement, installation and commissioning at $4.2M. F4E has also reselected Jacobs as its principal supplier of instrumentation and control systems support under a new framework contract covering ITER's upcoming nuclear safety needs over the next seven years. Jacobs will prepare technical specifications and support F4E to oversee project delivery and acceptance of systems. F4E estimates the maximum value of the contract at $10.6M. Jacobs is already carrying out this work as the incumbent on a previous framework.
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IMOS | Hot Stocks05:15 EDT ChipMOS reports July revenue $86.5M, up 28.2% - The company said its assembly and DDIC high-end test platforms remain at high utilization levels, with continued strong demand across its businesses driving the record monthly revenue.
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JAZZ | Hot Stocks05:13 EDT GW Pharmaceuticals announces UK MHRA approval for cannabidiol - GW Pharmaceuticals, now part of Jazz Pharmaceuticals, announced that the UK Medicines and Healthcare Products Regulatory Agency, or MHRA, has approved a new indication for GW's cannabidiol as an adjunctive treatment of seizures associated with tuberous sclerosis complex, or TSC, for patients two years of age and older.
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WDAY... | Hot Stocks05:04 EDT Google Cloud, Workday announce multi-year strategic partnership - Google Cloud (GOOG) and Workday (WDAY) announced a strategic partnership. As a Workday preferred cloud partner across industries-such as healthcare, financial services, and retail-Google Cloud will help businesses run Workday enterprise applications for finance, HR, and planning in a public cloud environment. This includes providing cloud solutions that give employees secure access to applications and data. The strategic relationship announced between Workday and Google Cloud will provide customers with greater choice to meet their specific business needs. Customers will be able to deploy Workday Financial Management, Workday Human Capital Management and Workday Adaptive Planning all on Google Cloud's infrastructure. Through this multi-year relationship, Google Cloud and Workday plan to build strategic, joint, go-to-market programs that include co-marketing activities and establishing co-selling programs to increase awareness among customers and prospects across the U.S.. Additionally, the two companies will explore opportunities for co-innovation.
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