Stockwinners Market Radar for August 17, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
GLD | Hot Stocks19:18 EDT SPDR Gold Shares holdings fall to1,017.14MT from 1,020.63MT - This is the 3rd consecutive decline and the lowest level of holdings since April 30th.
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DNUT | Hot Stocks18:36 EDT Krispy Kreme to pay initial dividend of 3.5c per share - The company stated earlier in its Q2 earnings press release: "We expect total net leverage to be under 3.0x in the next 12 months. In accordance with our dividend policy, we expect to pay an initial cash dividend of $0.035 per share for the quarter ending October 3, 2021. Thereafter, we expect to maintain a stable quarterly dividend until we reach our long-term net leverage policy of 2.0x."
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RBLX | Hot Stocks18:24 EDT Roblox CEO: We've been growing for 15 years pre-pandemic - In an interview on CNBC's Mad Money, David Baszucki said Roblox had amazing DAU and bookings numbers growth in Q2. He's bullish on opportunities in music and entertainment. "We're excited about countries all around the world. We're a bilateral platform," he added.
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ALF | Hot Stocks17:46 EDT Alfi jumps up over 40% after disclosing tablet rollout in rideshare autos - Shares of Alfi were up 40.6% in today's regular trading session and up another 5% after-hours at $10.65. Earlier today, the company "announced an update on the rollout of its AI-enabled tablets to rideshare drivers throughout the U.S. The Company has begun the national rollout of intelligent tablets directly to drivers who opted into the rideshare program in 13 additional major markets, with a simple three-minute instructional video on how to install the tablets. The rollout to new markets marks the ramp-up of Alfi revenues and expands the successful partnership Alfi has developed with independently contracted Uber and Lyft drivers in Miami, FL., providing them an additional revenue stream, while enhancing the passenger experience at no cost. By utilizing Alfi's technology, advertisers gain a powerful understanding of those hard-to-reach audiences that are no longer inside their homes, and can update tailored messaging in campaigns by age, gender, geography, customer emotion, brand behavior and interests, all in real-time. Alfi's computer vision changes and runs ads remotely to deliver the right content, to the right person, at the right time in an ethical and privacy-compliant manner."
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TWTR | Hot Stocks17:45 EDT Twitter testing feature to let users report misinformation - Twitter said in a statement: "We're testing a feature for you to report Tweets that seem misleading - as you see them. Starting today, some people in the US, South Korea, and Australia will find the option to flag a Tweet as "It's misleading" after clicking on Report Tweet. We're assessing if this is an effective approach so we're starting small. We may not take action on and cannot respond to each report in the experiment, but your input will help us identify trends so that we can improve the speed and scale of our broader misinformation work." Reference Link
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DDD | Hot Stocks17:25 EDT 3D Systems CEO buys 4,260 shares of common stock - In a regulatory filing, 3D Systems disclosed that its CEO Jeffrey Graves bought 4,260 share of common stock on August 16th in a total transaction size of about $125K.
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WBS STL | Hot Stocks17:02 EDT Webster, Sterling shareholders approve merger - Webster Financial Corporation (WBS) and Sterling Bancorp (STL) jointly announced that each company's stockholders have approved the proposed merger between Webster and Sterling at their respective special meetings of stockholders held today. The final voting results on the proposals voted on at the special meetings will be set forth in the companies' separate Form 8-Ks filed with the U.S. Securities and Exchange Commission after certification by each company's inspector of election. "Today's stockholder approval marks a key step in completing the merger of Webster and Sterling," said John R. Ciulla, Chairman, President & CEO of Webster. "I am very pleased that our stockholders overwhelmingly support bringing together two high performing companies, as it provides a compelling opportunity to create value for our stakeholders."
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PBPB | Hot Stocks17:02 EDT Potbelly names David Daniels as Chief Marketing Officer - Potbelly announced the appointment of David Daniels as its Chief Marketing Officer, effective August 23. In this senior leadership role, Daniels will report to Bob Wright, President and CEO of Potbelly. Daniels will lead the Branding, Marketing and Digital teams as he focuses on leveraging the unique Potbelly brand position in support of the Company's growth strategy. Prior to joining Potbelly, Daniels served as Senior Vice President of Marketing at The Food Hall Co. in Dallas, Texas.
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MRTN | Hot Stocks17:01 EDT Marten Transport declares a special dividend of 50c - Marten Transport announced that its Board of Directors has declared a special cash dividend of 50c per share of common stock and a regular quarterly cash dividend of 4c per share of common stock. Executive Chairman Randolph L. Marten said, "The Board's decision to declare the special and quarterly cash dividends reflects our strong financial position and commitment to enhancing stockholder value. This special dividend increases our current dividend yield to 4.3% and makes 2021 our third consecutive year with special dividends - with payments of 50c per share in 2020 and 43c per share in 2019."
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SPX... | Hot Stocks17:01 EDT Texas Governor Greg Abbott tests positive for COVID-19 - Office of the Governor Communications Director Mark Miner issued a statement after Texas Governor Greg Abbott tested positive for COVID-19: "Governor Greg Abbott today tested positive for the COVID-19 virus. The Governor has been testing daily, and today was the first positive test result. Governor Abbott is in constant communication with his staff, agency heads, and government officials to ensure that state government continues to operate smoothly and efficiently. The Governor will isolate in the Governor's Mansion and continue to test daily. Governor Abbott is receiving Regeneron's monoclonal antibody treatment. Governor Abbott is fully vaccinated against COVID-19, in good health, and currently experiencing no symptoms. Everyone that the Governor has been in close contact with today has been notified. Texas First Lady Cecilia Abbott tested negative." Companies with COVID-19 vaccines approved for use in the U.S. include Moderna (MRNA), Johnson & Johnson (JNJ), and Pfizer (PFE) and BioNTech (BNTX). Reference Link
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OSH | Hot Stocks16:54 EDT Oak Street Health CMO sells 109.4K shares of common stock - In a regulatory filing, Oak Street Health disclosed that its CEO Griffin Myers sold 109.4K shares of common stock on August 16th in a total transaction size of $5.30M, reducing his stake by about 2%.
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COMM | Hot Stocks16:54 EDT CommScope director Watts buys 65,000 common shares - In a regulatory filing, CommScope director Claudius Watts disclosed the purchase of 65,000 common shares of the company on August 13 at a price of $15.2602 per share.
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VRPX | Hot Stocks16:52 EDT Virpax Pharmaceuticals extends session gains, up another 30% afterhours - Shares of Virpax Pharmaceuticals are up another 32% after-hours above $20 per share following a 265% gain in regular trading session after the company disclosed an FDA response and guidance on MMS019 as an anti-viral barrier product with potential application in COVID transmission.
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VRPX | Hot Stocks16:49 EDT Virpax Pharmaceuticals jumps over 30% to $19.84 after FDA response on MMS019
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TEN | Hot Stocks16:43 EDT Tenneco says CEO Rocca acquitted by judge in Notebooks Case - Tenaris has been informed that the first-instance judge in charge of the Notebooks Case acquitted Tenaris's Chairman and CEO Paolo Rocca of all charges brought against him in the case. In its decision, the first-instance judge stated that Mr. Rocca's involvement in the Notebooks Case's judicial proceedings does not affect his good name and honor in any way. The first-instance judge's decision concerning Mr. Rocca was not appealed by either the prosecutor or the government unit prosecuting economic crimes.
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AEIS | Hot Stocks16:41 EDT Advanced Energy CEO buys 5.9K shares of common stock - In a regulatory filing, Advanced Energy disclosed that its CEO Stephen Kelley bought 5.9K shares of common stock on August 13th in a total transaction size of $502K, boosting his stake by 21%.
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OEC | Hot Stocks16:39 EDT Orion Engineered CEO buys 30K share of common stock - In a regulatory filing, Orion Engineered disclosed that its CEO Corning Painter bought 30K shares of common stock on August 16th in a total transaction size of $516K.
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MCW | Hot Stocks16:35 EDT Mister Car Wash opens new location in West Jordan, Utah - Mister Car Wash is expanding its presence in the Beehive state through the opening of its newest location at 5512 West 7800 S., West Jordan, UT 84081. "We're thrilled to be growing our footprint even further in Utah with the recent opening of our Herriman store and now our latest location in West Jordan" said Ryan Darby, vice president of development and construction. "At the center of each new opening is our core value, 'We Care,' and that attitude shines through each and every employee at Mister as we provide top notch service to our customers."
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TX | Hot Stocks16:34 EDT Ternium says chairman Rocca acquitted by judge in Notebooks Case - Ternium has been informed that the first-instance judge in charge of the Notebooks Case acquitted Ternium's Chairman, Paolo Rocca, of all charges brought against him in the case. In its decision, the first-instance judge stated that Mr. Rocca's involvement in the Notebooks Case's judicial proceedings does not affect his good name and honor in any way. The first-instance judge's decision concerning Mr. Rocca was not appealed by either the prosecutor or the government unit prosecuting economic crimes.
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ANAB GSK | Hot Stocks16:34 EDT FDA grants accelerated approval of GSK's jemperli - AnaptysBio (ANAB) announced that the U.S. Food and Drug Administration approved a second indication for GSK's (GSK) JEMPERLI for the treatment of adult patients with mismatch repair deficient recurrent or advanced solid tumors, as determined by an FDA-approved test, that have progressed on or following prior treatment and who have no satisfactory alternative treatment options. JEMPERLI was generated by AnaptysBio using its proprietary somatic hypermutation antibody platform and subsequently developed by TESARO, Inc., now a part of GSK, under a collaboration agreement. Eight AnaptysBio-generated therapeutic antibodies have advanced into clinical development to date. JEMPERLI is the first AnaptysBio-generated antibody to obtain FDA approval, and this is the second indication for JEMPERLI to be approved by the FDA in 2021. This indication is approved under accelerated approval based on tumor response rate and durability of response. Continued approval for these indications may be contingent upon verification and description of clinical benefit in a confirmatory trial(s). "We are pleased that JEMPERLI has been FDA-approved for a second indication and will be available to a broader cohort of solid tumor patients," said Hamza Suria, president and chief executive officer of AnaptysBio. "AnaptysBio's capital-efficient business model is focused upon advancing our wholly-owned first-in-class antibodies to multiple clinical catalysts over the upcoming 18 months and is supported by milestone and royalty revenues under our GSK collaboration."
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TFC | Hot Stocks16:32 EDT Truist Financial says William Rogers Jr. will succeed Kelly King as CEO - Truist Financial announced its new executive leadership structure, effective September 1. President and COO William Rogers Jr. will succeed Kelly King as CEO on September 12, as previously announced in February 2019 as part of the merger of equals that formed Truist. King will transition to the role of executive chairman of the board of directors of Truist Financial effective through March 12, 2022.
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VAL | Hot Stocks16:31 EDT Valaris announces floater contract award - Valaris Limited announced that it has been awarded one-well contracts with Shell Namibia Upstream B.V. and Shell Sao Tome and Principe B.V. offshore Namibia and Sao Tome and Principe, respectively, for drillship, VALARIS DS-10. The precise timing of the first contract is to be confirmed, but is expected to commence in the fourth quarter of 2021. The Sao Tome and Principe contract will follow on directly from the Namibia contract. The contracts have an estimated duration of 60 days each.
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GPI | Hot Stocks16:25 EDT Group 1 Automotive raises dividend 3% to 34c - Group 1 Automotive announced that its board of directors declared a cash dividend of 34c per share for the Q2. The dividend, which represents an increase of 3.0%, or 1c per share, from the Q1, will be payable on September 15 to stockholders of record as of September 1.
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DNUT | Hot Stocks16:24 EDT Krispy Kreme jumps about 3% to $14.44 after Q2 results and guidance
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VOYA | Hot Stocks16:23 EDT Voya Financial CHRO Silva sells 15,000 common shares - In a regulatory filing, Voya Financial chief human resources officer Kevin Silva disclosed the sale of 15,000 common shares of the company on August 16 at a price of $67.1707 per share.
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LZB | Hot Stocks16:19 EDT La-Z-Boy reports Q1 written same-store sales up 10.4% - Written same-store sales for the entire La-Z-Boy Furniture Galleries network: Increased 10.4% for the fiscal 2022 first quarter compared with the fiscal 2021 first quarter. Compared with the pre-pandemic fiscal 2020 first quarter, written same-store sales increased 28.6% for the fiscal 2022 first quarter, for a compounded annual growth rate of 13.4%.
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GSK | Hot Stocks16:18 EDT GSK reports FDA accelerated approval for Jemperli for second indication - GlaxoSmithKline announced the U.S. Food and Drug Administration approved a new indication for Jemperli, a programmed cell death receptor-1 blocking antibody, for the treatment of adult patients with mismatch repair-deficient, or dMMR, recurrent or advanced solid tumors, as determined by an FDA-approved test, that have progressed on or following prior treatment and who have no satisfactory alternative treatment options. This indication received accelerated approval based on tumor response rate and durability of response. Continued approval for this indication may be contingent upon verification and description of clinical benefit in a confirmatory trial(s). Dr Hal Barron, Chief Scientific Officer and President R&D, GSK, said: "For patients with tumours expressing the dMMR biomarker, there continues to be a significant need for new and effective treatments. I'm excited about GSK's second oncology FDA approval this year, and the new treatment option it provides for these patients." In April 2021, the FDA granted accelerated approval for dostarlimab for the treatment of adult patients with dMMR recurrent or advanced endometrial cancer, as determined by an FDA-approved test, that have progressed on or following prior treatment with a platinum-containing regimen. This approval was based on data from cohort A1, which included 71 patients with dMMR endometrial cancer. Reference Link
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LZB | Hot Stocks16:17 EDT La-Z-Boy raises share repurchase authorization to 9M shares - Representing approximately 20% of shares outstanding.
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ZIVO | Hot Stocks16:16 EDT Zivo Bioscience CEO issues update letter to shareholders - Zivo Bioscience issues a letter to shareholders from Chief Executive Officer Andrew Dahl that said in part: "2021 has turned into a watershed moment in the Company's history and future outlook. After years of stopgap funding and on-off R&D, we find ourselves in the strongest financial position ever and a portfolio of products with great promise and prospects. The Company's hybrid approach to R&D, working both biotech and agtech in parallel, has resulted in a robust intellectual property portfolio and engagement with some of the world's best-known animal and human health brands.We are committed to moving forward with commercialization efforts backed by the technical and financial resources we had worked for years to develop. This could not have happened without the active support of our investor base, those who recently joined us and those who've stuck with us over the years. Nor could it have been possible without a small but dedicated core team of ZIVO employees and external advisors.On June 2, the Company successfully completed its planned capital raise and "up-listing" to the Nasdaq stock exchange. The Company sold 2,760,000 shares of common stock and warrants to purchase up to 3,174,000 shares of stock for gross proceeds of $13.8 million. After offering expenses, the Company netted $12.2 million in capital funding that will be used to further the implementation the Company's biotech and agtech strategies. As a result of the "up-list", ZIVO Bioscience stock and registered warrants now trade on the Nasdaq exchange under the symbols ZIVO and ZIVOW, respectively."
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VVOS | Hot Stocks16:13 EDT Vivos Therapeutics reports details of obstructive sleep Apnea study - Vivos Therapeutics announced a more detailed summary of the national study results announced by the Company on July 13. As previously announced, one in four patients in the study treated with Vivos' FDA Class 1 DNA appliance for certain orofacial anomalies reported no remaining OSA symptoms, which is defined as patients having an Apnea Hypopnea Index score of less than five post-treatment. The more detailed study data now available reports that prior to treatment, 20 patients had severe OSA, which, from an AHI perspective, improved or is improving by 53%. Of these 20 patients, none have reported worsening of their OSA symptoms, while 3 patients still have severe OSA, 12 have moderate OSA, 4 have mild OSA and 1 has no OSA. The study data also reports that for the 18 patients who began the study with moderate OSA, the average percent improvement in AHI score is 64%. One patient's AHI score worsened by 1 category , while another slightly increased by 2.1. The balance of the patients had improved AHI scores by an average of 64%. After treatment or mid-treatment, 2 patients remained moderate, 10 have mild symptoms and 5 have resolved their OSA symptoms. In addition, 36 patients in the study had mild symptoms pre-treatment. Of these, 1 now has severe symptoms, 4 have moderate symptoms, 16 have mild symptoms and 15 have no symptoms of OSA. Commenting on the additional study data, Kirk Huntsman, Vivos' Chairman and CEO, stated, "By addressing maxillary palatal deficiencies, we believe Vivos' treatment protocols represent an improvement over CPAP and mandibular advancement devices with 27% of the study participants reporting a complete resolution of their OSA symptoms. These measurements are taken without a Vivos appliance in the mouth, whereas MAD measurements are taken with the appliance in place. The more detailed data now available from this study confirms that the Vivos device works well for many patients, with the study showing very strong and statistically significant evidence for an increase in airway volume and transpalatal width. We know the investment community and other interested parties have been looking for more real world data about our devices, so we are pleased to share this more detailed study summary and its positive results."
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CREE STM | Hot Stocks16:11 EDT Cree, STMicroelectronics expand carbide wafer supply agreement - Cree (CREE) and STMicroelectronics (STM) announced the expansion of an existing multi-year, long-term silicon carbide wafer supply agreement. The amended agreement, which calls for Cree to supply ST with 150mm silicon carbide bare and epitaxial wafers over the next several years, is now worth more than $800M.
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EPAY | Hot Stocks16:09 EDT Bottomline Technologies announces up to $50M stock repurchase plan - Bottomline Technologies announced that its board of directors has authorized a stock repurchase program pursuant to which Bottomline may purchase up to $50M of its common stock. The authorization will remain in effect for 12 months.
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AGIO | Hot Stocks16:08 EDT FDA accepts Agios' NDA for mitapivat for pyruvate kinase deficiency treatment - Agios Pharmaceuticals, announced that the U.S. Food and Drug Administration,FDA, has accepted the company's New Drug Application for mitapivat for the treatment of adults with pyruvate kinase deficiency. The NDA was granted a Priority Review designation and has been given a Prescription Drug User Fee Act,PDUFA, action date of February 17, 2022, accelerating the review time from 10 months to six months from the day of filing acceptance. The FDA's Priority Review designation is given to investigational medicines that treat a serious condition and offer significant improvements in safety or effectiveness. "The acceptance of our NDA for mitapivat with priority review represents an important milestone on the path to expeditiously deliver the first potentially disease-modifying therapy for people with PK deficiency, a chronic, lifelong hemolytic anemia characterized by serious complications affecting multiple organs," said Sarah Gheuens, M.D., Ph.D., senior vice president of clinical development and incoming chief medical officer at Agios. "We look forward to working with the FDA during the review process and will continue to execute on our global strategy to ensure we are well positioned to rapidly deliver mitapivat to patients and healthcare providers upon approval." Agios also submitted a marketing authorization application to the European Medicines Agency n June 2021 for mitapivat as a potential treatment for adults with PK deficiency. As announced on the company's second quarter 2021 earnings call, the MAA passed validation which triggered the start of the MAA review procedure. The NDA and MAA submissions are based on results from two pivotal studies, ACTIVATE and ACTIVATE-T, conducted in not regularly transfused and regularly transfused adults with PK deficiency, respectively. A full analysis of these data - including patient-reported outcomes - was recently presented at the European Hematology Association Virtual Congress. An extension study for adults with PK deficiency previously enrolled in ACTIVATE or ACTIVATE-T is ongoing and designed to evaluate the long-term safety, tolerability and efficacy of treatment with mitapivat.
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CREE STM | Hot Stocks16:07 EDT Cree, STMicroelectronics expand silicon carbide wafer supply pact - Cree (CREE) and STMicroelectronics (STM) announced the expansion of an existing multi-year, long-term silicon carbide wafer supply agreement. The amended agreement, which calls for Cree to supply ST with 150mm silicon carbide bare and epitaxial wafers over the next several years, is now worth more than $800M. "This latest expansion to our long-term wafer supply agreement with Cree will continue to contribute to the flexibility of our global silicon carbide substrate supply. It will continue to contribute importantly to our global silicon carbide supply, complementing the other external capacity we have secured and the internal capacity we are ramping. The agreement will help meet the high volumes required by our product manufacturing operations in the next years, with a large number of automotive and industrial customer programs in high volumes or ramping up," said Jean-Marc Chery, President and CEO of STMicroelectronics.
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TLRY MMNFF | Hot Stocks16:05 EDT Tilray acquires majority position in amended MedMen convertible notes - Tilray (TLRY) and MedMen Enterprises (MMNFF) announced that Tilray has acquired the majority of the outstanding senior secured convertible notes of MedMen that were originally held by certain funds affiliated with Gotham Green Partners, LLC and other funds. The acquisition provides Tilray with a path, subject to necessary regulatory approvals, to obtain a significant equity position in MedMen through conversion of the Notes and exercise of associated warrants following U.S. cannabis legalization. In connection with the sale of the Notes, MedMen and GGP amended the restrictive covenants and extended the debt maturity to 2028 to provide MedMen the flexibility to execute on its growth priorities and explore additional strategic opportunities. In addition, MedMen separately announced today a significant equity investment from a private placement of MedMen Shares and warrants to a group of investors. Under the terms of the transaction, a newly formed limited partnership established by Tilray and other strategic investors acquired an aggregate principal amount of approximately $165.8M of the Notes and the Warrants, all of which were originally issued by MedMen and held by GGP, representing 75% of the outstanding Notes and 65% of the outstanding Warrants. Tilray's interest in the SPV represents rights to 68% of the Notes and related Warrants held by the SPV, which are convertible into, and exercisable for, approximately 21% of the outstanding Class B subordinate voting shares of MedMen upon closing of the transaction. Tilray's ability to convert the Notes and exercise the Warrants is dependent upon U.S. federal legalization of cannabis or Tilray's waiver of such requirement as well as any additional regulatory approvals. As consideration for Tilray's interest in the Notes and Warrants, and subject to Tilray receiving the stockholder approval necessary to increase the number of shares of its authorized capital stock, Tilray will issue approximately 9.0 million shares of its common stock to GGP; provided, however, that if Tilray has not received the stockholder approval by December 1, 2021, GGP may elect to receive cash rather than Tilray shares. Tilray's previously scheduled Special Meeting of Stockholders will be held this Thursday, August 19, 2021. MedMen did not receive any proceeds from the transfer of the Notes.
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BOX | Hot Stocks16:04 EDT Starboard says 'consistent in its view that change is needed at Box' - Starboard Value, one of the largest stockholders of Box, with an ownership stake of approximately 8.6% of the company's outstanding shares, provided the following statement in response to recent materials published by Box. "Starboard has been consistent in its view that change is needed at Box to ensure improved accountability for delivering results, enhanced compensation and governance practices, and stockholder-friendly capital allocation policies, and we believe there is a severe need for direct representation for common stockholders on the Board of Directors. We have focused our campaign on the opportunities we see to create substantial long-term value at Box for our collective interests as owners of the company. We are disappointed, but unfortunately not surprised, by the company's decision to resort to unfounded disparaging remarks in its latest attempt to maintain the status quo. We would note that when we have seen these kinds of desperate actions in the past, this type of rhetoric is typically driven by hired advisors and not generally from members of management or the Board. Unfortunately, this seems to be evidence of the Board once again abdicating its responsibility and/or showing a lack of sophistication. We know our fellow stockholders are more sophisticated and understand the issues and merits of the situation. We would highlight that Box barely attempted to dispute our statements regarding the blatantly false and misleading claims included in the company's investor presentation and, in fact, filed a revised version of one of its misleading and incorrect slides earlier today. We would also note that Box has still not addressed the clear and serious questions around the preferred equity financing and the Board's decision to allow KKR, a ~$400 billion investment firm, to syndicate 70% of the transaction, likely for a fee, while only retaining a $150 million investment in Box. KKR's investment represents an amount less than half the size of Starboard's common stock investment in Box. Box has also failed to reasonably address many serious questions about the Company's poor compensation and governance practices, other than by taking further reactive actions in an attempt to appease stockholders in the midst of this election. The company's tactics during this contest and its poor performance for years should only confirm that stockholders need representation on the Board. Despite Box asking stockholders to support the status quo due to one or two quarters of mild improvement in certain trends, we would point out that Box has had a long history of false starts only to disappoint again in future quarters. As RBC Capital Markets stated in its equity research report on August 12, 2021: 'Proxy fight seems like the most likely reason for the release of preliminary results. To recap, activist investor Starboard has nominated three new directors to the board to replace three Box directors (including CEO Aaron Levie on, at least, a temporary basis). We echo many of Starboard's concerns in our recent initiation, namely on execution, and believe Box could benefit from greater oversight and board leadership.' We remain open to working with Box, and, if elected, our nominees remain committed to constructively engaging with management and the Board to create long-term value for the benefit of all stockholders. Do not be fooled by the Company's rhetoric, our interests are completely aligned with yours. We appreciate the support received from our fellow stockholders to date and urge all stockholders to vote FOR Starboard's slate of director nominees on the WHITE proxy card today."
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DNUT | Hot Stocks16:04 EDT Krispy Kreme sees long-term organic revenue growth of 9%-11% - Sees adjusted EBITDA growth of 12% to 14%.
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MRNS | Hot Stocks16:04 EDT Marinus Pharmaceuticals reports topline ganaxolone Phase 2 results - Marinus Pharmaceuticals announced topline data from its open-label Phase 2 trial evaluating safety and efficacy of adjunctive oral ganaxolone treatment in 23 patients with seizures associated with tuberous sclerosis complex. The primary endpoint showed a median 16.6 percent reduction in 28-day primary endpoint seizure frequency relative to the four-week baseline period, with 30.4 percent of patients achieving a 50 percent or more seizure reduction. During the trial, patients with focal seizures showed a median 25.2 percent reduction in focal seizure frequency. "We believe the totality of the data is encouraging and supports advancing to Phase 3. There was notable activity in focal seizures, a meaningful 50 percent response rate, and consistent results in this refractory patient population, including patients on both cannabidiol and everolimus," said Joseph Hulihan, M.D., Chief Medical Officer of Marinus. "We look forward to initiating our Phase 3 trial and adding to the body of evidence that supports ganaxolone's potential as an innovative treatment option for rare epilepsies." The FDA has granted orphan drug designation to ganaxolone for treatment in TSC. The FDA's Office of Orphan Drug Products grants orphan status to support the development of medicines for rare disorders that affect fewer than 200,000 people in the U.S. Orphan drug designation provides certain benefits, including market exclusivity upon regulatory approval, if received, exemption of FDA application fees and tax credits for qualified clinical trials.
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BMY | Hot Stocks15:32 EDT California AG announces $75M nationwide settlement with Bristol-Myers - California Attorney General Rob Bonta announced a $75M nationwide settlement with Bristol Myers Squibb, resolving allegations that BMS underpaid the drug rebates owed to Medi-Cal and other state Medicaid programs. According to a complaint filed by a whistleblower, BMS overcharged the states for its pharmaceuticals by decreasing the rebate amount the company, like other drug manufacturers, must periodically pay to ensure that states pay competitive prices for pharmaceuticals. Of the $75M BMS will pay to resolve the allegations against the company, $41,360,522.93 will go to the federal government and $33.639,477.07 to the states involved. California's share of the settlement is $2,356,842.71, the AG stated. Reference Link
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TCNNF | Hot Stocks14:52 EDT Trulieve Cannabis appoints Nilyum Jhala as Chief Technology Officer - Trulieve Cannabis announced it has named Nilyum Jhala to serve as its Chief Technology Officer, or CTO. Jhala, who previously served as Vice President of Global and Digital Technology at Hallmark Cards, "brings more than two decades of experience in technology leadership and digital transformation results in multinational retail and wholesale environments," the company stated.
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ABUS... | Hot Stocks14:37 EDT Arbutus Biopharma up 7% as Forbes details background of COVID-19 vaccine tech - Shares of Arbutus Biopharma (ABUS) are up 21c, or 7%, to $3.07 this afternoon as traders circulate a Forbes article that details the role of Ian MacLachlan - who worked at a company that went on to become Arbutus - and his team that developed a four-lipid component that encapsulates mRNA in a dense particle through a mixing process involving ethanol and a T-connector apparatus that is "strikingly similar" to the delivery system used in both Moderna (MRNA) and Pfizer (PFE)-BioNTech's (BNTX) COVID-19 vaccines. Reference Link
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AAPL | Hot Stocks14:30 EDT Apple disables SharePlay for use in next betas of iOS 15, iPadOS 15, tvOS 15 - Apple said in a blog post that SharePlay has been disabled for use in the developer beta 6 versions of iOS 15, iPadOS 15, and tvOS 15, and will be disabled in the upcoming beta 6 release of macOS Monterey. SharePlay will also be disabled for use in their initial releases this fall. SharePlay will be enabled for use again in future developer beta releases and will launch to the public in software updates later this fall. Reference Link
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VIAC | Hot Stocks14:15 EDT ViacomCBS rallies after Doug Kass tweets about takeover talks - Shares of ViacomCBS moved higher after Doug Kass of Seabreeze Capital Partners tweeted, "Contrary to some news reports I am hearing $VIAC Redstone is in more active takeover discussions now. Added to a large position this afternoon." Shares of ViacomCBS moved into positive territory and are up 33c to $38.85 following the tweet.
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BB | Hot Stocks14:13 EDT BlackBerry's QNX system has cybersecurity vulnerabilities, FDA warns - The Food and Drug Administration is informing patients, health care providers and manufacturers about cybersecurity vulnerabilities with a "real-time operating system" designed by QNX and owned by BlackBerry. "These vulnerabilities may introduce risks for certain medical devices and drug manufacturing equipment," the agency said in a statement. FDA is not aware of any confirmed adverse events related to these vulnerabilities, it added. Reference Link
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VIAC VIACA | Hot Stocks14:11 EDT Seabreeze Partners' Kass says ViacomCBS in 'more active' takeover talks now - Seabreeze Partners president Doug Kass said via Twitter that, contrary to "some news reports," he is hearing that ViacomCBS and Shari Redstone are in "more active takeover discussions now." "Added to a large position this afternoon," Kass added. Reference Link
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PLTR | Hot Stocks13:47 EDT Palantir bought $50.7M of gold in preparation for 'black swan events' - Palantir disclosed last week that during August, it purchased $50.7M in 100-ounce gold bars. "Such purchase will initially be kept in a secure third-party facility located in the northeastern United States and the Company is able to take physical possession of the gold bars stored at the facility at any time with reasonable notice," Palantir said in its quarterly filing. The company told Bloomberg that it is preparing for another "black swan event" and inviting customers to pay for its data analysis software in gold. Accepting nontraditional currencies "reflects more of a worldview," Shyam Sankar, Palantir's Chief Operating Officer, said in an interview. "You have to be prepared for a future with more black swan events."
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BYD... | Hot Stocks12:53 EDT New Jersey reports July gaming revenue up 70.4% to $450.6M - Yesterday, the New Jersey Division of Gaming Enforcement reported total gaming revenue for July was $450.6M, compared to $264.5M in July 2020, reflecting a 70.4% increase. Internet gaming win was $118.7M in July, compared to $87.5M in the prior period, reflecting an increase of 35.7%. Sports wagering gross revenue was $55.0M for the month. Casino win for July was $276.9M. The DGE stated: "Due to COVID-19, Atlantic City Casinos closed on March 16, 2020 and began reopening on July 2, 2020 with operating restrictions. Internet Casino Gaming and Online Sports Wagering operations continued, though most sports wagering events were cancelled during that timeframe. As a result, Casino Win and Sports Wagering Revenue for the month and the year-to-date period ended July 2021 are not directly comparable to 2020." Publicly traded companies in the casino, sports betting and iGaming space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN).
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RILY | Hot Stocks12:32 EDT B. Riley Financial names Jimmy Baker president of B. Riley Securities - B. Riley Financial announced the promotion of Jimmy Baker to President of B. Riley Securities, Inc. Baker will continue to serve as the firm's Head of Capital Markets. As President of B. Riley Securities, Baker will now oversee the firm's Investment Banking activities while continuing to strategically lead the firm's Capital Markets platform as well as its Institutional Brokerage.
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GOOGL GOOG | Hot Stocks12:32 EDT Alphabet's Verily to acquire privately-held SignalPath - Verily, an Alphabet company, and SignalPath announced that they have entered into an agreement in which Verily will acquire SignalPath, a privately held company based in Raleigh that has developed the SignalPath platform, a clinical trial management system "that improves the ease, quality and efficiency of conducting clinical research at study sites." "Joining forces helps to accelerate and scale our shared vision, increase efficiency and lower costs in clinical trials, empower clinical research sites with world class technology, and ultimately bring medicines to patients faster," said Amy Abernethy, MD, PhD, President of Clinical Studies Platforms at Verily. "It's our goal to modernize the way clinical trials are conducted for patients, researchers and sponsors alike. Together, we will advance digital solutions to improve ease, quality, efficiency and speed in the current clinical trial paradigm." SignalPath was founded in 2014. SignalPath employees will join Verily as part of Verily's clinical research business at the time of closing.
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ZME | Hot Stocks12:00 EDT Zhangmen Education falls -15.8% - Zhangmen Education is down -15.8%, or -58c to $3.09.
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RMO | Hot Stocks12:00 EDT Romeo Power falls -18.7% - Romeo Power is down -18.7%, or -$1.09 to $4.73.
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SUNL | Hot Stocks12:00 EDT Sunlight Financial falls -24.4% - Sunlight Financial is down -24.4%, or -$1.82 to $5.62.
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FREY | Hot Stocks12:00 EDT Freyr Battery rises 9.9% - Freyr Battery is up 9.9%, or 85c to $9.41.
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WDH | Hot Stocks12:00 EDT Waterdrop rises 10.4% - Waterdrop is up 10.4%, or 36c to $3.81.
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ZVIA | Hot Stocks12:00 EDT Zevia rises 11.1% - Zevia is up 11.1%, or $1.22 to $12.23.
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CNNE | Hot Stocks11:24 EDT Cannae Holdings leads $270M funding round in Sightline Payments - Cannae Holdings announced that the company has led a $270M funding round in Sightline Payments having invested $240M. This investment follows Cannae's $32M investment earlier in 2021 and values Sightline at more than $1B, post-money. William P. Foley, II, Chairman of Cannae, commented, "After seeing Sightline's groundbreaking technology firsthand at the recent launch of Resorts World Las Vegas, I am more bullish than ever about Sightline's ability to be at the forefront of the digital transformation afoot in the North American gaming, sports, and entertainment ecosystem. Gaming is poised for a cashless revolution and Sightline is positioned to be a leader. I look forward to helping Sightline continue their tremendous growth."
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WRAP | Hot Stocks10:48 EDT Wrap Tech announces new footage of officers using BolaWrap to de-escalate crisis - Wrap Technologies released new bodycam footage following a BolaWrap deployment in Tempe, Arizona that assisted officers to safely and humanely restrain a noncompliant individual in a crisis.Wrap said: "On July 5, 2021, the Tempe Police Department responded to a violent female who had struck a hotel employee with a flashlight and refused to leave. Upon arrival, officers found the individual was nonverbal and appeared to be in distress. The individual refused to communicate with the police and could not be safely approached as she continued to threaten officers with a glass object in her hand. An officer on scene successfully deployed the BolaWrap around the individual's legs, restricting her movement and allowing officers to approach and safely take her into custody without injury. The individual was then transported to a local hospital for evaluation." Tom Smith, CEO and President of WRAP, commented, "The officers on the scene did an excellent job of reading the situation and executing the proper deployment of the BolaWrap. We continue to see the BolaWrap help officers safely resolve high-pressure crisis situations."
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WTTR BASX | Hot Stocks10:47 EDT Select Energy Services enters 'stalking horse' deal to buy Basic Energy assets - Select Energy Services (WTTR) announced that it has entered into an asset purchase agreement for the acquisition of substantially all of the assets of Agua Libre Midstream, LLC and other water-related assets, operations and assumed liabilities from Basic Energy Services (BASX). The asset purchase agreement constitutes a "stalking horse" bid in a sale process being conducted under Section 363 of Chapter 11 of the U.S. Bankruptcy Code. As such, the company's acquisition of Agua Libre remains subject to approval by the United States Bankruptcy Court for the Southern District of Texas Houston Division, and is subject to court-approved bidding procedures, including the potential receipt of competing offers for Agua Libre and certain other of Basic's assets and operations at auction. It is expected that the sale process will be completed during the second half of 2021 and the business is expected to remain operational throughout the process.
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WFC BK | Hot Stocks10:32 EDT Wells Fargo names Paul Camp head of new Global Treasury Management group - Wells Fargo & Company (WFC) announced that Paul Camp has been named head of Global Treasury Management. Most recently CEO of Treasury Services at BNY Mellon (BK), he will join the company in November, and will dually report to Perry Pelos, CEO of Wells Fargo Commercial Banking, and Jon Weiss, CEO of Corporate & Investment Banking. As previously announced internally to Wells Fargo, Danny Peltz, a 31-year veteran of Wells Fargo and the current head of Treasury Management & Payment Solutions, will retire on December 15.
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BASX | Hot Stocks10:20 EDT Basic Energy commences voluntary Chapter 11 proceedings in Texas
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BASX... | Hot Stocks10:20 EDT Basic Energy Services announces asset purchase deals with Axis, Berry, SES - Basic Energy Services (BASX) announced that it has entered into asset purchase agreements with each of Axis Energy Services Holdings, LLC ("Axis"), Berry Corporation (BRY), and Select Energy Services (WTTR) pursuant to which, if consummated: Axis will acquire substantially all of the company's Well Servicing and Completion & Remedial segment assets outside of California. Berry will acquire substantially all of the company's assets in California. Select will acquire substantially all of the Company's Water Logistics segment assets outside of California, including all of the assets of Agua Libre Midstream, LLC. To facilitate the sales, Basic has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas. The transactions are being undertaken pursuant to Section 363 of the U.S. Bankruptcy Code, with Axis, Berry and Select serving as the "stalking horse" bidders in the court-supervised sale process. Accordingly, the proposed transactions are subject to higher and better offers, among other conditions. The company remains focused on serving customers and fully expects to continue operating without interruption, including paying its employees, during the court-supervised process. "We believe the asset purchase agreements will enable us to maximize the value of our businesses and create the best path forward for our customers, partners, employees and the communities we serve," said Keith Schilling, President and CEO of Basic. "The Company has faced extraordinary challenges as a result of the COVID-19 pandemic, and we thank the Basic team for their ongoing hard work and dedication as we continue to provide our customers outstanding service, experienced crews and a wide range of safe and efficient production services." If other qualified bids are submitted during the court-supervised sale process, the company will conduct an auction or auctions with the agreements with Axis, Berry and Select setting the floor for the auction processes. Basic has received a commitment for $35M in debtor-in-possession financing from Guggenheim Credit Services, LLC. Upon court approval, this new financing, together with cash generated from the Company's ongoing operations, is expected to provide sufficient liquidity to support the Company during the court-supervised process.
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VEDL | Hot Stocks10:00 EDT Vedanta falls -12.4% - Vedanta is down -12.4%, or -$2.22 to $15.63.
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RMO | Hot Stocks10:00 EDT Romeo Power falls -15.7% - Romeo Power is down -15.7%, or -92c to $4.91.
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SUNL | Hot Stocks10:00 EDT Sunlight Financial falls -19.0% - Sunlight Financial is down -19.0%, or -$1.41 to $6.03.
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FN | Hot Stocks10:00 EDT Fabrinet rises 6.8% - Fabrinet is up 6.8%, or $6.11 to $95.61.
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EDR | Hot Stocks10:00 EDT Endeavor Group rises 10.4% - Endeavor Group is up 10.4%, or $2.39 to $25.48.
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RERE | Hot Stocks10:00 EDT AiHuiShou rises 13.5% - AiHuiShou is up 13.5%, or $1.49 to $12.50.
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MRNA | Hot Stocks09:53 EDT Moderna COVID-19 vaccine approved by U.K. MHRA in 12-17 year olds - An extension to the current UK approval of the Spikevax vaccine, formerly COVID-19 Vaccine Moderna, that allows its use in 12- to 17-year-olds has been authorized by the Medicines and Healthcare products Regulatory Agency, or MHRA. This Conditional Marketing Authorisation extension granted by the MHRA is valid in Great Britain only and was approved via the European Commission Decision Reliance Route. This is when the marketing authorization application made by the company references the decision made by the EMA's Committee for Medicinal Products for Human Use. Spikevax is authorized in children aged 12-17 years in Northern Ireland under the CMA extension granted by the European Medicines Agency on 23 July 2021. Dr June Raine, MHRA Chief Executive said: "I am pleased to confirm that that the COVID-19 vaccine made by Moderna has now been authorised in 12-17 year olds. The vaccine is safe and effective in this age group. We have in place a comprehensive safety surveillance strategy for monitoring the safety of all UK-approved COVID-19 vaccines and this surveillance will include the 12- to 17-year age group." Reference Link
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RICE LFG | Hot Stocks09:50 EDT Rice announces special meeting to approve combination with Aria, Archaea - Rice Acquisition Corp., a special purpose acquisition company focused on the energy transition sector, announced that it will hold a special meeting of stockholders to, among other things, allow its stockholders to approve the proposed business combination with Aria Energy LLC and Archaea Energy LLC. The Special Meeting is scheduled to be held on Thursday, September 9, 2021 at 10:00 a.m., Eastern Time, and will be conducted completely virtually via live webcast. Holders of record of RAC's common stock at the close of business on the record date of July 29, 2021 may vote at the Special Meeting. Upon the closing of the Business Combination, the combined company will be named Archaea Energy Inc. The parties expect that the Combined Company's Class A common stock will be listed on the New York Stock Exchange under the ticker symbol "LFG."
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ZEV | Hot Stocks09:47 EDT Lightning eMotors falls -14.0% - Lightning eMotors is down -14.0%, or -$1.35 to $8.28.
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RMO | Hot Stocks09:47 EDT Romeo Power falls -17.9% - Romeo Power is down -17.9%, or -$1.04 to $4.78.
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SUNL | Hot Stocks09:47 EDT Sunlight Financial falls -19.8% - Sunlight Financial is down -19.8%, or -$1.47 to $5.97.
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FREY | Hot Stocks09:47 EDT Freyr Battery rises 6.9% - Freyr Battery is up 6.9%, or 59c to $9.15.
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DNMR | Hot Stocks09:47 EDT Danimer Scientific rises 8.4% - Danimer Scientific is up 8.4%, or $1.12 to $14.39.
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JOBY | Hot Stocks09:47 EDT Joby Aviation rises 10.1% - Joby Aviation is up 10.1%, or $1.01 to $10.99.
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JCOM | Hot Stocks09:37 EDT J2 Global to change name to Ziff Davis following consensus business spin-off - J2 Global announced it intends to change its corporate name to Ziff Davis, upon completion of the planned spin-off of its consensus business in Q3. Following the spin-off, Ziff Davis is expected to trade under the Nasdaq ticker symbol ZD.
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VRM | Hot Stocks09:33 EDT Vroom announces opening of new Phoenix hub - Vroom announced the opening of a new Phoenix hub and a more customized driveway experience for nearly 4.8 million people in over 166 zip codes within a 70-mile radius. Vroom is now offering an experience that includes a more personalized concierge service where customer advocates transport cars directly to car buyers' driveways on Vroom-branded trucks and show them how to use their new vehicles. Vroom's Phoenix Last Mile hub is located in Tolleson.
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FDP | Hot Stocks09:32 EDT Fresh Del Monte releases 2020 Sustainability Report - Fresh Del Monte released its 2020 Sustainability Report which further solidifies the company's leadership position in defining what sustainable production means at scale for large producers. The company is taking a bold step in expanding its sustainability efforts beyond just its operations as a way to do its part in reducing - what a new report by the Intergovernmental Panel on Climate Change calls - the "widespread, rapid, and intensifying" effects of climate change. Fresh Del Monte's Sustainability Report delves deep into the company's commitment to ongoing environmental protection, providing healthy choices for consumers, and empowering the health and well-being of its team members and communities, including a list of its ambitious 2030 goals toward creating A Brighter World Tomorrow. Expanding on the company's commitment to growing responsibly and sustainably, Fresh Del Monte takes its efforts beyond its operations to create resilient and multifunctional landscapes. Utilizing a holistic approach to regenerative agriculture, Fresh Del Monte works to thrive alongside its local communities and ecosystems by increasing soil health, carbon sequestration, ecosystem services, water availability, and quality throughout its operations and watersheds. Fresh Del Monte has already surpassed two of its 2025 sustainability goals around environmental protection and team member well-being while continuing to make steady progress toward the other goals. This year, the company has set even more ambitious goals for 2030, such as implementing regenerative and soil health management practices in 100% of owned and associate grower's farms, reducing food loss and organic waste sent to landfill by 50%, and reducing virgin plastic usage by 25% on purchased consumer packaging compared with its 2020 baseline.
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WTRH | Hot Stocks09:30 EDT Waitr Holdings announces new partnership with Smoothie King - Waitr Holdings announced a new partnership with Smoothie King. Waitr and Bite Squad have started deliveries from over 350 Smoothie King locations. "We're thrilled Smoothie King has chosen Waitr as a local delivery service partner," said Carl Grimstad, CEO and Chairman of Waitr. "They are the leader in the smoothie industry and the new partnership delivers on our ongoing commitment to adding more options for our diners." In addition to adding Smoothie King to the Waitr platform, the two companies are planning a number of joint initiatives to promote the partnership, leveraging co-branding marketing opportunities in select markets. In fact, both companies have been involved in collaborations with professional sports teams in New Orleans, one of Waitr's core markets. Waitr's recent series of digital food ordering integrations will streamline the new partnership. Smoothie King has maintained sustained focus on refining digital-ordering platforms to better align with guest-purchasing behaviors. Since their introduction in March 2020, Smoothie King's online ordering, curbside pickup and delivery capabilities have continued to grow.
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ACMR | Hot Stocks09:29 EDT ACM Research's operating subsidiary completes IPO regisration with CSRC - ACM Research is providing an update on the status of the proposed initial public offering and listing of shares of ACM's operating subsidiary ACM Research (Shanghai), on the Shanghai Stock Exchange's Sci-Tech innovAtion boaRd. The China Securities Regulatory Commission has indicated that ACM Shanghai has received approval for its STAR Market IPO registration and will soon enter the issuance process for the STAR Market IPO. ACM estimates that the issuance process will be completed in the next several months, but the timing is subject to numerous factors outside ACM Shanghai's control.
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LIXT | Hot Stocks09:28 EDT Lixte says LB-100 shown to reduce behavioral sensitization in animal models - Lixte Biotechnology Holdings noted that in pre-clinical studies its lead clinical compound, LB-100, a protein phosphatase 2A inhibitor, was reported to reduce behavioral sensitization underlying addiction to methamphetamine. Behavioral sensitization is widely considered a key neurobiological mechanism in drug addiction. Studies in animal models have shown that dysregulation in the activity of PP2A could be a factor in diseases of the central nervous system, including drug addiction. A recent scientific paper explains how LB-100, by inhibiting PP2A, blocked METH-induced behavioral sensitization in rodents. Last month, Lixte commented on outside research citing LB-100's PP2A inhibition as a potential therapeutic strategy for triple-negative breast cancer. This announcement was followed by a report that LB-100, combined with another investigational agent, stimulated bone growth in models of dwarfism. Lixte's pipeline presently includes clinical studies of LB-100 for myelodysplastic syndromes, advanced soft tissue sarcomas, small cell lung cancer, and glioblastoma multiforme. The total market for these cancer targets exceeds $5 billion.
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RMCF | Hot Stocks09:27 EDT AB Value joins Bradley Radoff to implement changes Rocky Mountain Chocolate - AB Value Management together with its affiliates , and the other participants in this solicitation representing approximately 12.53% of the outstanding shares of Rocky Mountain Chocolate Factory announced that it has agreed with Bradley Radoff to combine their efforts to implement change at the Company. The Concerned Shareholders of Rocky Mountain support AB Value's previously announced slate of highly-qualified director candidates for election to the Company's Board of Directo rconsisting of Andrew T. Berger, Rhonda J. Parish, Mark Riegel, Sandra Elizabeth Taylor and Mary Kennedy Thompson. "We are pleased to announce the formation of the Concerned Shareholders of Rocky Mountain and are determined to continue championing shareholder interests at the Company," said Andrew T. Berger, Managing Member of AB Value. "It is clear to us that all of the Company's recently announced changes have been purely reactionary and only further demonstrate that many of the incumbent directors will go to great lengths to avoid making difficult shareholder-friendly decisions. This only strengthens our resolve to continue our campaign to maximize value for all shareholders of the Company." The decision to join forces to gain representation on the Board comes on the heels of the Company's failure to keep its promise to refresh the Board with "world class directors" and seeming incapability of demonstrating world class transparency.1 The Concerned Shareholders of Rocky Mountain believe that its highly-qualified director candidates, if elected, will not only re-position the Company for success, but add a needed injection of integrity to the boardroom.
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BGNE | Hot Stocks09:26 EDT BeiGene, EUSA receive China NMPA conditional approval for Qarziba - BeiGene and EUSA Pharma announced that the China National Medical Products Administration, or NMPA, has granted Qarziba conditional approval for the treatment of high-risk neuroblastoma in patients aged 12 months and above who have previously received induction chemotherapy and achieved at least a partial response, followed by myeloablative therapy and stem cell transplantation, as well as patients with a history of relapsed or refractory neuroblastoma with or without residual disease. Dinutuximab beta is a targeted immunotherapy approved by the European Medicines Agency.
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TYL | Hot Stocks09:24 EDT Tyler Technologies announces five-year expansion of AOIC agreement - Tyler Technologies announced a five-year agreement with the Administrative Office of the Illinois Courts, or AOIC, to extend and expand the partnership between the AOIC and Tyler that began in 2016 to provide the eFileIL electronic filing solution to the Illinois Courts. Over 21M civil and criminal filings have been made online since 2016 - saving court users time and money by reducing trips to the courthouse and making paper copies. The total contract is valued at approximately $63M over five years, a portion of which is covered by the e-Business filing fee paid by Illinois Court users in civil cases.
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GNRS | Hot Stocks09:24 EDT Greenrose Acquisition raises 2022 revenue view to $260M-$295M from $230M - Raises adjusted EBITDA view $110M-$135M from $90M. Greenrose's expanded financial projections reflect Theraplant's additional upside potential from Connecticut's earlier-than-anticipated approval of recreational marijuana sales, which are anticipated to begin in mid-2022. "Our increased full year 2022 financial projections reflect the strength of our platform, combined with the benefits of regulatory tailwinds within the initial states we plan to operate in," said Mickey Harley, CEO of Greenrose. "The approval of recreational marijuana sales in Connecticut meaningfully expands Theraplant's addressable market and came on an earlier timeline than we originally anticipated. Meanwhile, we remain well-positioned with True Harvest in Arizona as the statewide market continues to benefit from the launch of recreational cannabis sales earlier this year. Rounding out our platform, Shango and The Health Center also remain on track to meet their 2022 projections. As we continue to monitor the growth trajectories of our proposed platform assets and markets, we will remain focused on working to close our initial business combination and positioning ourselves for optimal execution on our stated growth objectives." In light of Theraplant's revised projections, Greenrose on August 12, 2021 also announced that Greenrose and Theraplant amended the Agreement and Plan of Merger to increase aggregate consideration payable to Theraplant to $150 million, with $100 million dollars paid in cash and $50 million dollars paid in stock. The increase in consideration payable to Theraplant by Greenrose represents a $50 million increase from the consideration amount disclosed in the Company's Form 8-K filed on March 18, 2021. Additionally, pursuant to the Amended Merger Agreement, Theraplant and the Company agreed to extend the timeline to complete the transaction to November 30, 2021.
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HD | Hot Stocks09:23 EDT Home Depot feels 'pretty good' about long-term outlook for home improvement
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DSX | Hot Stocks09:22 EDT Diana Shipping announces preliminary results of self tender offer - Diana Shipping announced the preliminary results of its tender offer to purchase up to 3,333,333 shares of its common stock, par value $0.01 per share, at a price of $4.50 per share, net to the seller in cash, less any applicable withholding taxes and without interest. The tender offer expired at 5:00 P.M., Eastern Time, on August 16, 2021. Based on a preliminary count by Computershare Trust Company, N.A., the depositary for the tender offer, the total number of shares tendered in the tender offer was 6,304,388.4812 shares. In addition, there were 989,231 shares tendered pursuant to the guaranteed delivery procedure described in the tender offer documents. Because the preliminary information received from the depositary indicates that the tender offer was oversubscribed, it is expected that the number of shares that the Company will purchase from each tendering shareholder will be prorated so that the Company purchases a total of 3,333,333 shares in the tender offer for an aggregate purchase price of approximately $15 million.
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HD | Hot Stocks09:20 EDT Home Depot: U.S. comps in first 2 weeks of August consistent with Q2
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SURG | Hot Stocks09:20 EDT SurgePays appoints Anthony Nuzzo as CEO of its LogicsIQ subsidary - SurgePays announces that Anthony Nuzzo, Jr., President of the Company and an experienced financial services executive, has been appointed Chief Executive Officer of the company's wholly owned subsidiary, LogicsIQ, formerly SurgeLogics. The executive move follows the company's May 2021 announcement to begin exploring the best options to deliver shareholder value by spinning-off or taking the LogicsIQ subsidiary public, as described in the Company's Registration Statement on Form S-1 filed on August 2, 2021. Nuzzo will continue in his role at SurgePays during a transition period. As CEO of LogicsIQ, Nuzzo will lead a seasoned executive team that fueled the business's growth pre-pandemic and has a strategy to build future growth both organically and through acquisitions. LogicsIQ is positioning itself to become the top enterprise software solution provider for marketing business intelligence, client generation, case load management, and vertically integrated services for law firms and other industry verticals.
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VRSK | Hot Stocks09:18 EDT Verisk Analytics is chosen by Joyn to transform commercial underwriting - New InsurTech Joyn Insurance is using analytics and technology from Verisk to transform the experience of transacting insurance for brokers who serve small and medium-sized businesses. With Verisk's insurance policy programs, Joyn can rapidly deploy court-tested coverage language backed by unrivaled loss costs data to aid in pricing.
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CSSE | Hot Stocks09:17 EDT Chicken Soup for the Soul Entertainment launches new Popcornflix app - Chicken Soup for the Soul Entertainment announced the launch of a new Popcornflix app on iOS, Android, Apple TV, and the Web. The new Popcornflix launched with updated branding, a new programming direction and a modern technology platform. Popcornflix will feature action, adventure, crime, martial arts, westerns, sci-fi, horror, military, automotive and sports programming for genre fans of every generation. The updated platform offers a better user experience, server-side ad insertion and improved playback performance. Additionally, the way content is organized makes it easier for the user to find their preferred tv shows and movies.
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GDDY | Hot Stocks09:16 EDT GoDaddy launches new Pay Links and Virtual Terminal features - GoDaddy announced the launch of new Pay Links and Virtual Terminal features within GoDaddy Payments, enabling small business owners to take online and remote payments without the requirement of a website or an online store. Small businesses without websites are often left out of ecommerce solutions, despite consumers' increasing preference for paying online. With Pay Links and Virtual Terminal, small businesses without a heavy web presence can continue to attract and serve their customers with a customizable and affordable online payment solution that suits their unique needs-whether that's a local pizza parlor, flower shop, photographer or craftsperson selling their goods on Facebook or Instagram. Pay Links enable small businesses to create a link to a secure checkout page, share it with their customers across email, social media, text or generate a designated QR code and get paid within minutes.
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ITMZF | Hot Stocks09:16 EDT Intema appoints Scott Meyers as CFO - Intema Solutions announced the appointment of Scott Meyers, CPA as CFO of the Corporation. Mr. Meyers replaces Mrs. Anna Kastelorizios, who was acting as Interim CFO of Intema. Prior to joining Intema, Meyers was Vice President of Finance of Complete Energy Solutions, a Toronto-based services company, overseeing all aspects of finance.
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FTNT | Hot Stocks09:16 EDT Fortinet, HashiCorp announce FortiManager Integration - Fortinet announced integration between Fortinet's FortiManager and to simplify and automate Day 0 and Day 1 operations for multi-cloud and hybrid cloud deployments leveraging the Fortinet Security Fabric. With organizations leveraging hybrid cloud and multi-cloud to move faster and be more agile, they are looking to automate and scale their DevOps lifecycle through the use of Infrastructure as Code to provision, configure and tear down needed cloud infrastructure on demand. Fortinet's integration with Terraform provides customers with more ways to efficiently deploy, manage and automate security across even the most complex multi-cloud environments. HashiCorp is a key Fortinet Fabric-Ready technology alliance partner as part of the rapidly growing Open Fabric Ecosystem. With more than 400 integrations, the Open Fabric Ecosystem extends the breadth of the Security Fabric beyond Fortinet's own products, achieving a more holistic view of the IT infrastructure, resulting in an overall greater ROI and comprehensive protection across customers' entire digital attack surface. With the most recent integration, Fortinet and HashiCorp deliver robust and deep security automation for DevOps-driven multi-cloud and hybrid cloud deployments leveraging the Fortinet Security Fabric. John Maddison, EVP of Products and CMO at Fortinet said, "With the integration between FortiManager and Terraform, Fortinet and HashiCorp are enabling organizations to automate security provisioning, eliminate errors caused by misconfiguration, and simplify the rollout and change management of security policies. Ultimately, this integration provides organizations with more confidence to implement new applications while reducing their infrastructures' complexities."
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NUVCF | Hot Stocks09:14 EDT Nuvei to power payment transactions for Carousel Group's SportsBetting.com - Nuvei Corporation announces an agreement with Carousel Group. Through the agreement, Nuvei is powering payment transactions for Carousel Group's flagship brand, SportsBetting.com. Launching initially in Colorado, the Company will support Carousel Group's expansion across the U.S., as it plans to make its online sportsbook available in additional regulated markets, including Iowa, Indiana and New Jersey. SportsBetting.com integrates Nuvei's payment technology, benefiting from built-in compliance and fraud prevention, one-click payments, and real-time user payouts. Nuvei's wide-ranging alternative payment methods and support for multiple bank sponsors offers even greater payment processing flexibility. Nuvei will also provide the required expertise and innovative payment solutions for the upcoming launch of MaximBet, a strategic partnership between Carousel Group and media brand Maxim, offering a multi-platform online destination for sports and casino fans.
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CSU | Hot Stocks09:14 EDT Capital Senior Living holder Ortelius opposes transactions with Conversant - Ortelius Advisors, which owns approximately 12.7% of the outstanding common stock of Capital Senior Living announced that it has filed a preliminary proxy statement with the U.S. Securities and Exchange Commission to be used to solicit votes in opposition to the Company's recently announced transactions with affiliates of Conversant Capital. This follows Ortelius' August 9th letter to Capital Senior Living's Board of Directors regarding its opposition to the Transactions. Peter DeSorcy, Managing Member of Ortelius, commented: "Ortelius looks forward to actively soliciting votes in opposition to Capital Senior Living's ill-conceived Transactions with Conversant. After reviewing the Company's preliminary proxy statement, we are further convinced that the Board lacks the acumen, experience and stockholder perspectives needed to credibly evaluate strategic alternatives and make the right financing decision. Perhaps we should not be surprised, given that Capital Senior Living maintains an entrenched and staggered Board comprised of several long-tenured directors with insufficient capital markets expertise, and who have overseen stockholder value deterioration of approximately 93% since the stock's peak in 2015. Fortunately, stockholders will have an opportunity to reject the Board's desire to hand control of the Company to Conversant at the upcoming special meeting. We also want to stress that Ortelius firmly believes in Capital Senior Living's assets, operations and long-term prospects, and recently purchased another 5.5% of the Company to take our ownership to 12.7% of the outstanding common stock. Although it is disappointing that the Board has decided to ignore our recent letter and offer to discuss alternative financing options, we are very encouraged by the positive feedback that many stockholders have proactively shared with us. Ortelius will continue to advocate for stockholders' best interests and vigorously oppose these questionable, costly and highly-dilutive Transactions, which we believe will irreversibly impair value for existing stockholders."
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HD | Hot Stocks09:12 EDT Home Depot: Big-ticket comp transactions were up 24% vs. last year
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USIO | Hot Stocks09:11 EDT Usio wins contract to support NYCEDC vaccines incentive program - Usio announced it was awarded a contract by the New York City Economic Development Corporation, or NYCEDC, to support the mayor's recently initiated Vaccines Incentive Program. Under this program, the city will provide a $100.00 cash reward to New York State residents and employees who receive their first dose of the COVID vaccine at sites that run on the City's vax4nyc appointment platform. First-time shot takers will either be mailed a pre-paid debit card or be issued a digital one immediately via email. Usio's contract is to provide both the physical and virtual cards and underlying electronic payments technology. Louis Hoch, President and Chief Executive Officer of Usio, said, "We are very honored that the NYCEDC has chosen Usio for this very important program. Our ability to quickly offer a solution that provided the convenience and simplicity NYCEDC wanted for the payments element of this program illustrates our ability to provide creative, innovation payments technology in both the physical and virtual worlds. The program is already up and running, and we look forward to supporting its success in achieving the mayor's vision for New York City."
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DPDW | Hot Stocks09:11 EDT Deep Down completes carousel rental project - Deep Down announced the successful completion of a previously announced project for the rental of its 3,500 metric ton carousel and associated umbilical spooling services The project included the mounting and sea-fastening of Deep Down's carousel onto a customer-provided barge, trans-spooling of three umbilicals totaling 93,600 meters in length from an umbilical manufacturer's facility onto the barge-mounted carousel, transportation of the fully loaded carousel to a secondary spool base, and the subsequent trans-spooling of the umbilicals from the barge-mounted carousel to an installation vessel's carousels. Deep Down also engineered and manufactured structures for securing each of the umbilical terminations during the spooling and transit operations.
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BSET | Hot Stocks09:09 EDT Bassett Furniture says July wholesale orders increased 2% y-o-y - Bassett Furniture Industries also announced that wholesale orders for the fiscal month of July 2021 increased by 2% over July 2020 and 29% over July 2019 and that wholesale shipments increased 11% over July 2020 and declined 1% as compared to July 2019. "We are pleased that the pace of business remains strong as evidenced by our increase in orders for July as compared to 2020 and 2019," commented Rob Spilman, Chairman and CEO. "As I discussed in the Q2 earnings release issued on July 1, 2021, the strong business conditions seen over the past 14 months have overwhelmed our industry's trucking segment resulting in shipping delays of manufactured and imported goods. Exacerbating this is our difficulty in hiring and retaining warehouse workers, which is also causing increased labor costs that are cutting into Zenith's operating margins. All of this culminated with our plants recently running at reduced capacity to provide Zenith some breathing room to reduce shipping gridlock. Coupling this with other supply chain issues such as the availability of certain fabrics, our shipments continue to lag behind the pace of incoming orders. Consequently, our wholesale backlog has increased 9.8% since the end of the second quarter. We have also continued to receive additional cost increases from several of our vendors which will negatively impact our wholesale margins for the third quarter and will likely result in our fourth price increase for our customers during the current fiscal year. Further complicating our operations is the recent resurgence of COVID-19 in Asia, primarily in Vietnam where we source a significant amount of our bedroom and formal dining room furniture and certain component parts for our manufacturing operations. Our Vietnamese partners were recently forced to cease operations and are currently not expecting to commence manufacturing again until mid-September. With all of that said, our cancellation rate has not risen significantly. We are working diligently to increase our shipping rates so that we can unlock the profit that is hidden in our massive backlog."
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NVCN | Hot Stocks09:08 EDT Neovasc announces submission of COSIRA-II protocol supplement to FDA - Neovasc announced that it has filed a supplement to the COSIRA-II Investigational Device Exemption Study with the U.S. Food and Drug Administration. Following multiple productive discussions with FDA over the past several months, the protocol for the previously approved COSIRA-II study has been supplemented in consideration of additional experience and key questions arising from the October 2020 Circulatory Systems Devices Panel Meeting regarding the Neovasc Reducer. COSIRA-II is a randomized, sham-controlled trial investigating the safety and effectiveness of the Reducer for patients suffering from refractory angina. The proposed primary endpoint of the trial is change in exercise tolerance testing time via a modified Bruce protocol between baseline and 6-month follow-up. The study is planned to enroll approximately 380 patients at up to 50 sites primarily in the United States. The trial will include patients with Canadian Cardiovascular Society Class III-IV refractory angina on maximally tolerated medical therapy without further options for revascularization via coronary intervention or bypass grafting. The principal investigators of the trial are Gregg Stone, M.D., Mt. Sinai Health System, New York, NY and Tim Henry, M.D., Christ Hospital, Cincinnati, OH.
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MIME CRWD | Hot Stocks09:08 EDT Mimecast announces integration with Humio - Mimecast (MIME) announced the strategic API integration with Humio, a CrowdStrike (CRWD) company. The integrated solution is designed to deliver email-based threat intelligence with advanced detection, investigation and threat hunting. Enterprise organizations leveraging the integration gain search and correlation capabilities across all log types to better detect and respond to advanced cyber threats. "Email threats are becoming harder to stop and proliferating each day. Business email compromises, spear phishing attempts and the rise of ransomware are among the biggest challenges IT and security teams face," said Jules Martin, vice president, ecosystem & alliances at Mimecast. "Our integration with Humio helps provide organizations increased visibility with live searches and real time dashboards, empowering threat hunting teams to find potentially malicious activity before it lands in an inbox. Incident response teams are empowered to work faster, a vital benefit when containing incidents before they become a full-scale breach." Humio's unique architecture enables customers to log everything, and joint customers can ingest Mimecast logs with other log sources including infrastructure, network and software. This provides customers with complete visibility across their threat landscape, coupled with fast search performance and comprehensive query language, enabling threat hunters to quickly ask any questions of their data.
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HD | Hot Stocks09:07 EDT Home Depot: Pro customers outpaced DIY for second consecutive quarter
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VRPX | Hot Stocks09:06 EDT Virpax Pharmaceuticals receives FDA response and guidance on MMS019 - Virpax Pharmaceuticals announced that it has received a written pre-investigational new drug response from the U.S. Food and Drug Administration for MMS019, its patented and proprietary high-density molecular masking spray under development for use as an anti-viral barrier product. Virpax believes the results of the pre-IND response support further research on MMS019 as an intranasal protective that may limit transmission of the viruses to others. Virpax expects to move forward and pursue a New Drug Application for MMS019 as a once daily intranasal treatment. The FDA has indicated that Virpax may pursue an NDA drug approval with the Office of Non-Prescription Drugs. The Company has engaged Syneos Health to assist with the optimal clinical trial design based on an efficient timeline. "We are very pleased with the response from the FDA. We believe that the initial pathway to move forward with the development of MMS019 has been clarified," said Anthony P. Mack, Chairman and CEO of Virpax. "The pre-IND meeting provides an opportunity for open communication between the Sponsor and the FDA to discuss the IND development plan and to obtain the FDA's guidance for clinical studies for the new drug candidate. As our development program proceeds, we will define the strategy for our drug-device combination product candidate, MMS019, for use in an over-the-counter setting as we look to support a consumer-friendly OTC indication." Virpax previously announced that it has completed in-vitro, ex-vivo and in-vivo trials for this product candidate. MMS019 demonstrated inhibition of viral replication of SARS-CoV-2 and influenza in animals at much higher ranges than what is encountered by humans in the nasal passages; no adverse effects were observed during the studies. In addition to inhibition of viral replication, the animal studies also demonstrated decreased levels of the virus in animal brain tissue, a potentially important observation as recent studies have shown neurological conditions with survivors of severe Covid.
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HD | Hot Stocks09:05 EDT Home Depot had positive comps 'every week' in Q2, CEO says - CEO Craig Menear says the company has seen a shift in pattern of sales within the week and that weekday sales performance has strengthened vs. weekend. The executive said consumers are engaged in home improvement projects and are more comfortable taking on larger projects. Home Depot had positive comps every week, despite unprecedented compares last year, Menear said on the Q2 earnings conference call.
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SWBK... | Hot Stocks09:04 EDT Bird announces integration with Google Maps - Bird announced an integration with Google Maps (GOOG, GOOGL) designed to provide easier access to shared electric vehicles for sustainable transportation and trip planning. Starting August 17, users of Google Maps will have the ability to see the availability and location status of Bird e-scooters and e-bikes. The integration comes on the heels of Bird's announcement of its intention to enter the public markets through a definitive agreement with Switchback II Corporation (SWBK).
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BTTR | Hot Stocks09:04 EDT Better Choice Company board of directors authorize stock repurchase program - Better Choice announced that its Board of Directors has authorized a stock repurchase program under which the company can repurchase up to $2M of the currently outstanding shares of the company's common stock, until December 31, 2021. Michael Young, Chairman, commented, "We are pleased to announce a share repurchase program that allows us to return value to our stockholders. We are confident in the strength of our business, quality of our assets and our ability to drive revenue through the sale of our existing and new products. We believe the repurchase program is an excellent opportunity to buy our common shares at a significant discount to their intrinsic value."
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SRAX | Hot Stocks09:03 EDT Srax announces $10M stock buy-back, special dividend of approximately 23c - Srax announced a $10M stock buy-back program, and a one-time special dividend of approximately 23c per share. The company will be issuing preferred shares to shareholders of SRAX common stock on September 20 . The preferred shares will hold approximately $6.5M worth of Sequire clients stock, and as the shares are sold, the proceeds will be distributed to the preferred shareholders. "We're excited to reward our shareholders with this dividend," said Christopher Miglino, Founder and CEO of SRAX. "We think there's an opportunity to begin buying back shares of SRAX and we're in the right financial position to do so
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AWRE | Hot Stocks09:03 EDT Aware announces configuration of Knomi for touchless applications - The company said, "Aware announces that its mobile biometric authentication platform, Knomi, is fully configured for a variety of touchless applications needed today. With offices and buildings reopening in the wake of the Covid-19 pandemic, the importance of easily integrated, touchless authentication solutions has never been greater. Knomi meets this need directly as a trusted, flexible, secure and contactless biometric solution for a variety of use cases."
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DE | Hot Stocks09:02 EDT Deere, UAW begin negotiations on labor agreement - Deere & Company and the International Union, United Automobile, Aerospace, and Agricultural Implement Workers of America have started negotiations on a new labor agreement. The current six-year master agreement covers approximately 10,100 production and maintenance employees at 12 Deere facilities and expires on October 1. In Iowa, the facilities are Davenport Works, Des Moines Works, Dubuque Works, Ottumwa Works, and Waterloo Works, including Tractor and Cab Assembly, Engine Works, and the Foundry. In Illinois, the facilities are Harvester Works in East Moline, North American Parts Distribution Center in Milan, and the Seeding Group and Cylinder Division in Moline. In Kansas, there is one facility, Coffeyville Works. A separate agreement also is being negotiated to cover nearly 100 production and maintenance employees at Deere parts facilities in Denver and Atlanta.
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MDGS | Hot Stocks08:59 EDT Jeffs' Brands signs non-binding LOI to acquire consumer product brand company - Medigus announced that its 50.03% owned subsidiary, Jeffs' Brands signed a non-binding Letter of Intent to acquire 100% of the issued and outstanding share capital of a private company of branded consumer products, for an initial consideration of $6 million with a potential deferred consideration of up to additional $13.25 million, conditional upon future sales and profitability targets. The acquisition target company, engaged in the design, manufacturing and marketing of original branded consumer products, are mainly sold at leading North American mass retailers, including Walmart USA, Walmart Canada, Target, Staples, Kroger and more. The target company finished 2020 profitable with $8 million in revenues. The target company sells proprietary consumer products, 60% of which are sold in the U.S. market. Sales are made through global retailers as well as distributors worldwide. The target company has online marketing platform, including shops and brands in leading e-commerce websites and stores.
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SVFD | Hot Stocks08:54 EDT Save Foods appoints Art Dawson as chairman of advisory board - Save Foods announced that it has appointed Dr. Art Dawson as Chairman of its Advisory Board. The newly formed advisory board will focus on building market awareness and facilitating sales of Save Foods' produce treatment solutions. He is the founder and president of the Dawson Company, an agriculture and post-harvest consultancy, as well as editor of "The Heartbeat of Agricultural Technology," a digital magazine focused on cutting-edge industry technology.
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DBD T | Hot Stocks08:50 EDT Diebold names Teresa Ostapower as chief information officer - Diebold Nixdorf (DBD) announced that Teresa Ostapower has joined the company as chief information officer. Ostapower will report directly to Olaf Heyden, senior vice president and COO, and will lead the company's global Information Technology organization including IT strategy, enterprise architecture, development and service delivery. Most recently, Ostapower served as AT&T's (T) senior vice president of Technology Transformation, Architecture and Operations, leading AT&T's technology modernization to drive speed, cost and quality improvements.
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CNC | Hot Stocks08:49 EDT Centene's Ohio subsidiary awarded Medicaid contract - Centene Corporation announced its Ohio subsidiary, Buckeye Health Plan, has been awarded a Medicaid contract by the Ohio Department of Medicaid to continue serving members with quality healthcare, coordinated services, and benefits. The contract will commence in early 2022. Under the new contract, Buckeye will deploy new, innovative initiatives to meet members' unique needs, including the launch of new technologies and local programs in partnership with providers and community partners.
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QUBT | Hot Stocks08:43 EDT Quantum Computing joins the Center for Quantum Technologies at Purdue University - Quantum Computing has joined the Center for Quantum Technologies, or CQT, a National Science Foundation-backed research program. As announced last month, CQT is a planned NSF Industry/University Cooperative Research Center comprising four Indiana academic partners, including lead institution Purdue University. It relies on quantum computing organizations such as QCI to help develop novel and commercial-ready quantum technologies that address significant industry challenges. The news is the latest QCI initiative to advance practical solutions and simplify quantum access for those studying in the field and pioneering new work. "As a member of the Center for Quantum Technologies, QCI will accelerate the development of a quantum workforce by sharing Qatalyst's powerful yet simple-to-use technology to eliminate the complexity, cost, and lengthy development time for quantum programming," said Rebel Brown, VP of Strategy & Marketing for QCI. "The CQT is an important initiative led by world-class academic institutions and we are excited to be working with them. QCI's mission is to democratize quantum computing so that all users can easily access its power. CQT allows more non-quantum users to adopt Qatalyst and expand our user base."
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STIM | Hot Stocks08:41 EDT Neuronetics launches website to meet demand for depression resources - Neuronetics announced its new website to meet consumer demand for information on accessing advanced treatments for depression. The enhanced site also makes it easier for healthcare providers to learn more about this important treatment option for their patients. NeuroStar Advanced Therapy for Mental Health is the leading non-drug and non-invasive transcranial magnetic stimulation treatment for depression. In a recent market research survey commissioned by Neuronetics, 67 percent of patients with Major Depressive Disorder said they were unhappy with their current treatment; 60 percent wish there were better options; and 56 percent were extremely interested in learning about new treatment options for depression - underscoring the critical need for more mental health resources and awareness on available non-drug alternatives. Aligning with this research, the Company's updated website now has added content in a centralized hub to reflect what patients need to make informed decisions about treating depression.
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BTCS | Hot Stocks08:41 EDT BTCS announces reverse stock split in preparation of uplist to Nasdaq - BTCS announced that the company has implemented a reverse split of its issued and outstanding common stock at a ratio of 1-for-10 shares. The reverse split is intended to enable the Company to meet the stock price requirement for initial listing on The Nasdaq Capital Market. The Company's common stock will begin trading on a split-adjusted basis on the OTCQB under the trading symbol "BTCSD" today. The fifth character "D" will be removed from the company's trading symbol after 20 business days if the stock is still trading on the OTCQB, or upon the listing of the company's common stock on Nasdaq, whichever occurs first. At that time, the company's trading symbol will revert to "BTCS".
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FLGC | Hot Stocks08:41 EDT Flora Growth signs LOI to acquire Vessel for $30M in cash, stock - Flora Growth announced that it has signed a letter of intent, or LOI, to acquire 100% of Vessel Brand. Headquartered in Carlsbad, California, Vessel distributes its hardware and accessories throughout the United States and internationally, and has numerous products in its development pipeline. Flora Growth has signed an LOI to acquire 100% of Vessel for consideration of an aggregate amount of $30M to be satisfied by a combination of a cash payment and/or the issuance of Flora common shares. The completion of the transaction to acquire Vessel is subject to customary closing conditions, including due diligence to the satisfaction of both parties and the entering into of definitive agreements. Following the closing of the transaction, and continuing for a period of three years thereafter, one nominee of Vessel shall be nominated to the board of directors of Flora for approval by Flora's shareholders at its annual shareholder's meeting.
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MDXG | Hot Stocks08:40 EDT MiMedx announces publication on advanced treatment for management of LEDUs - MiMedx Group announced publication of its peer-reviewed study in the Journal of Wound Care, addressing the observed impact of Advanced Treatment using all high-cost skin substitute products in lower extremity diabetic ulcers based on data from the Medicare Limited Dataset. The study assessed outcome in patients receiving AT with all high-cost skin substitute products, as designated by the Centers for Medicare and Medicaid Services, for LEDUs versus No Advanced Treatment, and found that AT use could lead to a 42% reduction in major and minor amputations and all related costs, compared to NAT. Further, the study highlights preferable outcomes when AT follows parameters for use, underscoring the importance of early treatment with regular intervals and well-defined treatment guidelines. In 2018, an estimated three million Americans suffered from diabetic foot ulcers - a type of LEDU. Among patients with DFUs, more than half will develop an infection. Up to 20% of infected DFUs require major or minor amputations. In addition to the physical and emotional impact on patients and caregivers, DFUs create significant economic burden, accounting for up to $4.5 billion in Medicare spending - and up to $18.7 billion when the cost of infection management is included. In 2014, Medicare spending for the treatment of DFUs was an estimated $6.2-18.7 billion. The annual payor burden of DFU treatment ranged from $9.1-13.2 billion, in large part due to increased hospitalizations, home healthcare, emergency department visits, and outpatient or physician office visits. Reducing major and minor amputations has a long-term effect on ongoing health costs, evidenced by 2010 estimates of $60,000 per patient amputation, with care costs in the year following an amputation of $44,200. The longer a DFU remains open, the greater the risk for infection, osteomyelitis, and amputation. In patients with diabetes, 85% of lower-extremity amputations are preceded by a non-healing DFU and the study's findings indicate that 42% of these amputations may be preventable. The immediate physical and economic toll on people with diabetic lower extremity complications, including amputations, have been correlated to an increased five-year mortality rate. While these costs were not examined in this study, their inclusion could extend the economic and quality of life benefits gained by using AT.
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DSS | Hot Stocks08:39 EDT Document Security promotes Todd Macko to CFO - Document Security Systems announced Todd Macko has been promoted to Chief Financial Officer effective August 16, 2021. Macko is a Certified Public Accountant with over 25 years of financial management, corporate strategy, and executive business leadership, and brings a wealth of experience to his role at DSS.
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OSTK | Hot Stocks08:38 EDT Overstock.com announces $100M stock repurchase program - Overstock.com announced that its Board of Directors has approved a stock repurchase program of up to $100M of its outstanding common stock. Overstock expects to fund repurchases through existing cash balances and cash generated from operations which have been strengthened by the company's strong operational results. The repurchase program has a termination date of December 31, 2023, and may be extended, suspended, or discontinued at any time by the Board of Directors.
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BZLYF CB | Hot Stocks08:37 EDT Beazley appoints Patricia Kocsondy as head, U.S. cyber & techChubb - Beazley (BZLYF) has appointed Patricia Kocsondy as Head of US Cyber & Tech. Kocsondy comes from Chubb (CB), where she served as senior vice president, errors & omissions and cyber underwriting, for Chubb Limited's North American Financial Lines. Based in New York, Kocsondy will report to Bantick and focus on middle market and large risk cyber & tech underwriting in the US.
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DKNG | Hot Stocks08:36 EDT DraftKings Marketplace broadens to Canada - Following last week's national launch of DraftKings Marketplace, the platform will now be available to customers in Canada for the first time ahead of the exclusive Wayne Gretzky NFT drops. The full Preseason Access Collection of Wayne Gretzky NFTs are provided by Autograph in partnership with Upper Deck, with Premier editions dropping on August 17th and Signature editions to follow on August 20th. "The DraftKings customer base in Canada has shown tremendous engagement in our daily fantasy contests over the years, and we expect there will be similar levels of enthusiasm to access exclusive DraftKings Marketplace content as NFT adoption in the collectibles space accelerates," said Matt Kalish, co-founder and president of DraftKings North America. "For Canadian sports fans across generations, arguably no athlete is more revered than Wayne Gretzky, which makes this upcoming series of drops all the more impactful knowing that customers in Canada can now participate and acquire unique collectible items of one of their favorite sports heroes."
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AVID | Hot Stocks08:36 EDT Christy's enters multiyear subscription licenssion agreement with Avid - Avid announced that post-production rental provider Christy's Editorial has selected a multiyear subscription licensing agreement for 500 seats of Media Composer Enterprise video editing software. With its migration from perpetual software licenses, Christy's achieves easier and more efficient delivery of the editing tool specified by the majority of its premier client base.
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ITI | Hot Stocks08:35 EDT Iteris awarded DVRPC contract with potential value of $1.5M - Iteris announced that it has been awarded a contract by the Delaware Valley Regional Planning Commission, DVRPC, with a potential value of $1.5M, representing continued demand for Iteris' specialized consulting services in a key geographic market. "We are proud to be selected by the Delaware Valley Regional Planning Commission to support this important smart mobility infrastructure project in the state of New Jersey, which is a critical link in the nation's transportation system," said Jeff Gerken, regional vice president, Consulting Solutions at Iteris. "This traffic signal timing program represents the continued expansion of Iteris' specialized consulting services in the Eastern U.S., and will ultimately help to increase safety and mobility for the region's traveling public and freight operators, while also improving air quality and reducing fuel consumption."
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GRIL | Hot Stocks08:35 EDT Muscle Maker's Pokemoto signs agreement for three new locations - Muscle Maker's newest subsidiary Pokemoto, a 14-location concept known for its healthier modern culinary twist on a traditional Hawaiian poke classic is ramping up its franchising efforts to expand the millennial and Gen-Z fueled brand in the northeast and beyond. The chain can be found in Connecticut, Rhode Island, Massachusetts and Georgia. Pokemoto recently signed an agreement for three locations in Hampshire County Massachusetts; specifically, the towns of Northampton, Amherst and Hadley increasing the brand's overall footprint by 21%. "One of the goals of the Pokemoto acquisition was to expand with the goal of increasing our traditional and non-traditional footprint and in turn, accelerating our top line sales, and here we are 90 days in, with a three-unit deal signed." said Mike Roper, CEO of Muscle Maker. "We are in the process of integrating Pokemoto into existing and new Muscle Maker Grill locations to run dual brands in areas that are targeting Millennial and Gen-Z demographics. We believe our added buying power, expertise in franchising and site selection, operations and marketing and additional resources such as adding a robust tech solution completed the package to bolster Pokemoto's franchising program. The trendy fresh-ingredient "build your own" bowl, burrito or salad model is very attractive to prospective franchisees for multiple reasons including but not limited to: low startup costs, smaller footprint, minimal cooking and the ability to serve guests quickly in a linear fashion. Guests want delicious, high-quality cuisine and they want it fast. Pokemoto is here to deliver - in our restaurants via our contactless kiosks or on the go."
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XONE | Hot Stocks08:32 EDT ExOne collaborates with Maxxwell Motors on copper e-winding design for motors - ExOne announced it is collaborating with Tennessee-based startup Maxxwell Motors on development of a copper e-winding design for its axial flux electric motors, which can be used in electric cars as well as a range of other heavy-duty vehicles and industrial devices. Founded in 2018, Maxxwell holds nine U.S and global patents and has launched two products, a 10 kW air-cooled motor generator and a 150 kW liquid-cooled motor.
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TWND | Hot Stocks08:31 EDT QOMPLX and SPAC Tailwind Acquisition mutually terminate combination pact - QOMPLX, a cloud-native leader in risk analytics, and Tailwind Acquisition, a special purpose acquisition company, announced that both companies have mutually agreed to terminate their business combination agreement . The proposed business combination, announced in March 2021, was conditioned on the satisfaction of certain closing conditions within the timeframe contemplated by the Agreement. "The reason for the mutual decision lies with market conditions preventing certain of the closing conditions from being satisfied," said Philip Krim, chairman of Tailwind Acquisition Corp. "Although this is not the outcome we had hoped for, we remain optimistic in the growing cybersecurity and risk analytics industry and will continue to seek to identify opportunities that can capture value for shareholders." Neither party will be required to pay the other a termination fee as a result of the mutual decision to terminate the Agreement. In light of the mutual decision to terminate the Agreement, Tailwind Acquisition has cancelled its special meeting of stockholders to approve the business combination and related matters, which was scheduled for August 17
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CTLP | Hot Stocks08:27 EDT Cantaloupe acquires micro market payments company Yoke Payments - Cantaloup announced it has acquired the assets of of Delicious Nutritious, dba Yoke Payments . Yoke's kiosk and mobile apps will be showcased during The NAMA Show 2021 in New Orleans . Cantaloupe's Seed Markets offering enables its customers to optimize their micro market business by integrating route scheduling, warehouse pre-picking, and reporting for markets, vending, office coffee services and pantry. Through the acquisition, Yoke's point-of-sale platform will now extend this offering to provide self-checkout while seamlessly integrating with Cantaloupe's inventory management and payment processing platforms. "Micro markets are the fastest growing segment of the unattended retail industry. While through Seed Markets we already provide logistics and payments services for thousands of micro markets, we knew that extending our fully integrated solution to point-of-sale was important to our customers," said Sean Feeney, chief executive officer, Cantaloupe, Inc. "Having worked with Yoke for the last four years, this acquisition was a natural progression of our relationship, as the technology is best-in-class and already integrated with Seed Markets. Now we will be able to expand our micro market offerings to any location as we continue to invest in the space, unlocking new revenue and optimization opportunities and enabling them to further scale their business into this important and growing retail segment." Yoke's technology currently integrates seamlessly with more than 40 major platforms, enabling faster onboarding through a plug and play setup that simplifies operations and reduces costs, creating a profitable and scalable micro-market solution for small to medium business; as well as enterprise customers looking to maximize existing locations. In addition, its mobile capabilities facilitate a direct line of communication between merchants and consumers. This enables promotions, coupons, and loyalty and rewards programs, all helping increase customer engagement and retention.
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WMT | Hot Stocks08:26 EDT Walmart expects grocery market share gains to continue in Q3
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WMT | Hot Stocks08:26 EDT Walmart continuing to see a bit more cost inflation than normal
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NTWK | Hot Stocks08:25 EDT NetSol Technologies partners with Motorcycle Group for for cloud-based NFS - NETSOL Technologies has signed an agreement with Motorcycle Group to deploy the cloud-based version of its flagship NFS Ascent platform across the customer's entire operations. This agreement marks the first official sale for NFS Ascent in the U.S. market. Motorcycle Group, consisting of MotoLease and MotoLoan, presents lease and loan offers simultaneously to qualified applicants so that motorcycle and powersports dealers can maximize their sales and enable consumers to pre-qualify and select their vehicle through Motorcycle Group's advisors.
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WMT | Hot Stocks08:25 EDT Walmart CFO: Comp sales at Walmart U.S. stores increased each month in Q2
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HMBL | Hot Stocks08:21 EDT HUMBL welcomes Robert Cornish as Senior Technology Advisor - HUMBL announces that Robert Cornish has joined HUMBL as its new Sr. Advisor, Technology. Rob most recently served as the Chief Technology Officer of Gemini, where he was broadly responsible for all aspects of technology, including technology vision, roadmap, delivery and operations across the organization.
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OPRX | Hot Stocks08:20 EDT OptimizeRx, Demandbase enter exclusive ABX partnership - OptimizeRx and Demandbase announced an exclusive partnership to deliver the industry's most extensive collection of point-of-care healthcare professional digital engagement touchpoints, forming the most comprehensive account-based experience platform for life sciences. Together, the companies represent the only point-of-care engine that combines the principles of account-based experience (ABX) with the nation's largest network of HCP care delivery technology touchpoints. OptimizeRx will leverage the Demandbase B2B Go-to-Market suite to further expand its omni-channel reach at the point-of-care within hundreds of new healthcare systems across the U.S. Complementary channel mix of the two companies' platforms creates an unmatched network of direct-to-physician digital touchpoints at the point-of-care. Life sciences can now leverage the unique combination of institutional and in-workflow behavioral data, including doctor-activity and patient access information to personalize support and engagement of providers and patients at all care milestones along the patient journey. The partnership enables pharmaceutical manufacturers to seamlessly craft tailored, account-based engagement experiences at the point-of-care for their most important customers.
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NTNX... | Hot Stocks08:20 EDT Nutanix with Cyxtera other tech partners to launch Federal Innovation Lab - Nutanix (NTNX) and Cyxtera (CYXT) announced their partnership to launch the first Nutanix Federal Innovation Lab, powered by Cyxtera's digital exchange and Enterprise Bare Metal. The Federal Innovation Lab, located in a Cyxtera data center in Northern Virginia, provides U.S. Federal customers as well as industry partners with an environment to build proofs of concept and test mission-critical applications using on-demand infrastructure that readily supports hybrid multicloud solutions via a single operating platform. Developed and deployed in collaboration with Intel and other industry-leading technology solution providers, the Nutanix Federal Innovation Lab provides an ecosystem of seamless, dynamic, on-demand capabilities ready to help support testing of the most demanding workload requirements, at scale. The Innovation Lab is a dedicated space focused on translating technology innovation into proofs of concept to simplify and automate U.S. government agency IT environments for their journey to hybrid multicloud..."The Nutanix Federal Innovation Lab will use the latest Intel technologies (INTC), including Intel Xeon Scalable processors and Intel Optane persistent memory, to address mission critical challenges and deliver outcomes for government agencies," said Greg Ernst, Vice President and General Manager of U.S. Sales at Intel.
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GDOT | Hot Stocks08:19 EDT Green Dot announces intentions to relocate headquarters to Austin - Green Dot announced plans for the digital bank and financial technology company to relocate its corporate headquarters to Austin, Texas.
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HIL | Hot Stocks08:19 EDT Hill International awarded contract by the Tule River Tribe Gaming Authority - Hill International announced it was awarded a contract by the Tule River Tribe Gaming Authority to provide owner's representative services for Phase 1 of the relocation of the Authority's Eagle Mountain Casino. Valued at $200 million, the project will "relocate" casino operations to a new site approximately 17 miles from the current location. The first phase of the work includes building a new 2,000-seat Event Center, River Steak House, coffee house, 24-hour diner, sports bar and grill, and gaming spaces for 1,750 slot machines and 20 table games. Hill's services will encompass construction management, scheduling, estimating and cost management, quality control, planning and coordination with third-party providers, and contract administration, among others.
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OBNNF | Hot Stocks08:18 EDT Osisko Mining announces results from drill program at Windfall project - Osisko Mining is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec. Significant new analytical results presented below include 39 intercepts in 17 drill holes and 10 wedges. The infill intercepts are located inside defined February 2021 mineral resource estimate blocks. The expansion intercepts are located outside the February 2021 MRE blocks and either expand resource wireframes or are in a defined zone or corridor but do not yet correlate to a specific wireframe. Selected high-grade intercepts include: 388 g/t Au over 2.2 metres in WST-21-0823; 135 g/t Au over 6.3 metres and 24.3 g/t Au over 5.2 metres in WST-21-0828; 187 g/t Au over 2.5 metres in WST-21-0763A; 113 g/t Au over 3.7 metres in OSK-W-21-2479-W5; 130 g/t Au over 2.9 metres and 38.8 g/t Au over 3.2 metres in OSK-W-21-2287-W3; 61.5 g/t Au over 3.0 metres in OSK-W-21-2544; and 41.5 g/t Au over 4.4 metres in OSK-W-21-2520.
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INFN | Hot Stocks08:17 EDT Infinera announces new executive appointments - Infinera announced new executive appointments to strengthen its leadership team as it further aligns its business to maximize market opportunities in the new era of open optical networking. The company announces the following executive appointments: Ron Johnson, General Manager of Optical Systems & Network Solutions Group - responsible for driving Infinera's growth in open optical systems and software as networks move to 800G in the core, 400G in the metro, and 100G coherent to the edge. Tom Burns, General Manager of Optical Modules & Coherent Solutions Group - responsible for Infinera's optical modules and coherent solutions, including the company's industry-leading ICE optical engines and its recently announced suite of ICE-XR optical pluggables. Azmina Somani, Senior Vice President of Engineering, Optical Modules & Coherent Solutions Group - responsible for optical modules and coherent solutions engineering. Russ Esmacher, Senior Vice President of Strategy - responsible for strategy, marketing, and corporate development in leading the company's strategic planning processes and executing plans to achieve market share gains and the company's target business model.
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FEYE | Hot Stocks08:15 EDT FireEye unit Mandiant announces Vikram Ramesh as CMO - Mandiant, a part of FireEye, announced that Vikram Ramesh has joined the company as Chief Marketing Officer, CMO. Ramesh reports to FireEye Mandiant President and Chief Operating Officer John Watters. In his role as CMO, Ramesh will oversee global marketing initiatives for Mandiant aimed at driving revenue growth, capturing market share, and expanding brand awareness. Ramesh has over 20 years of combined experience across security, cloud, networking, and software industries, including senior roles in product and marketing at Riverbed, Symphony Teleca, Virtana, Hewlett Packard and, most recently, at digital security provider Entrust.
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CTMX | Hot Stocks08:14 EDT CytomX Therapeutics announces employment inducement grants - CytomX Therapeutics announced that on August 16, 2021, the Company granted seven new employees options to purchase a total of 172,600 shares of the Company's common stock at an exercise price per share equal to $4.81, which was the closing trading price on August 16, 2021, the date of the grant.
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MNTV | Hot Stocks08:14 EDT Momentive launches Workplace Equity IQ to help companies measure DEI - Momentive announced the launch of Workplace Equity IQ, a solution that pairs the company's AI-powered employee engagement solution with specialized professional services from Momentive DEI experts. With Workplace Equity IQ, customers like Headspace and Chime will go beyond merely tracking the representation of diverse groups to truly understand the beliefs and experiences of employees across intersectional identities and use that information to inform their DEI roadmap and HR strategy. Workplace Equity IQ leverages the Momentive platform and in-house specialized consulting. The solution helps companies circulate employee engagement studies that navigate sensitive DEI topics to gain a deeper, more realistic understanding of inclusion, safety, trust, and experiences of bias among employees, all while being mindful of employee sensitivity and confidentiality. Momentive DEI experts will layer the findings with data from HR information systems to build an understanding of employee experience and deliver a customized strategy for closing gaps based on decades of DEI expertise.
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CADL | Hot Stocks08:13 EDT Candel Therapeutics announces closing of initial public offering - Candel Therapeutics announced the closing of the issuance of an additional 887,994 shares of its common stock at a public offering price of $8.00 per share. The shares were issued pursuant to a partial exercise of the underwriters' option to purchase additional shares of common stock in connection with Candel's previously announced initial public offering of 9,000,000 shares of its common stock. The gross proceeds from the exercise of the option to purchase additional shares were approximately $7.1 million, bringing the aggregate gross proceeds to Candel from its initial public offering to approximately $79.1 million, before deducting underwriting discounts and commissions and other offering expenses.
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QLGN | Hot Stocks08:13 EDT Qualigen Therapeutics intends to prioritize focus to oncology pipeline - Qualigen Therapeutics announces its intention to prioritize its focus to its oncology pipeline that includes QN-247 and RAS-F. These plans follow feedback the Company received from the United States Food and Drug Administration regarding Qualigen's investigational new drug application for one of its other compounds, QN-165, for the treatment of COVID-19 in hospitalized patients. "Although the FDA requested that we perform additional pre-clinical toxicity and safety pharmacology studies before proceeding with clinical trials in COVID-19 patients, we believe that, given the time horizon which these suggested studies would require, coupled with the already very crowded COVID-19 vaccine and therapeutic landscape, the best and most prudent strategy for us at this time is to pivot to focusing primarily on our oncology pipeline that includes QN-247 and RAS-F assets for which we have already seen encouraging preclinical data," commented Michael Poirier, Qualigen's Chairman and CEO "We appreciate the FDA's guidance regarding our approach to QN-165, which helps us to solidify our priority to address unmet medical needs in treating cancer patients. We look forward to sharing ongoing progress with our shareholders."
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HRI | Hot Stocks08:12 EDT Herc Holding buys Texas-based CBS Rentals in accretive transaction, no terms - Herc Holdings announced that it has entered a purchase agreement to acquire substantially all the assets of Texas-based CBS Rentals . The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close prior to the end of 2021. Terms were not disclosed. CBS is a full-service general equipment rental company comprising approximately 190 employees and 12 locations serving construction and industrial customers throughout Texas, as well as locations in Carlsbad, NM, and Kingsport, TN. The addition of CBS expands Herc Rentals' presence in Texas - one of the largest equipment rental markets in North America - to 38 physical locations, which collectively provide general and specialty equipment rental solutions and related services. "We expect the acquisition to be accretive to earnings in the first year. We remain well positioned to pursue growth through a variety of initiatives, including investment in key fleet categories, greenfield branches and acquired operations, while maintaining our commitment to a sound financial footing."
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SERA | Hot Stocks08:12 EDT Sera Prognostics' PreTRM test, treat strategy benefits - Sera Prognostics announced the publication, in the American Journal of Perinatology of results of the Prediction and Prevention of Preterm Birth Study, a prospective, randomized controlled intervention trial conducted between May 2018 through February 2019. The purpose of the trial was to evaluate the impact on neonatal health and economics of applying the company's PreTRM test to screen pregnant women for risk of spontaneous preterm birth and treating the women identified at higher risk with proactive interventions. Trial results showed that using PreTRM to identify and treat those with higher risk pregnancies proactively may lead to better neonatal outcomes. "We are pleased with the results of this ground-breaking trial and thank the investigators and patients who participated in this study," stated Gregory Critchfield, MD, MS, Chairman and CEO of Sera Prognostics. "This study is the first time that a prognostic biomarker blood test for preterm delivery risk has been evaluated for its potential impact on important outcomes of neonatal health that have large economic consequences. The study results show that promising improvements were obtained by using the PreTRM test to identify higher risk patients and to intervene more proactively in these pregnancies using well-understood interventions. We believe that these results show that more proactive treatment in patients whose elevated risks are real, but not readily apparent with current clinical methods, can make a positive difference in pregnancy." The PREVENT-PTB study, conducted at Intermountain Healthcare, in Salt Lake City, Utah, enrolled 1,208 pregnant patients from May 2018 through February 2019, who were 18 years or older, with a singleton pregnancy in the 19th or 20th week of gestation, and with no history of prior preterm birth and normal cervical length at or before the time of enrollment. Patients in the screened group found not to be at higher risk by the PreTRM test received standard obstetrical care.
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ALZN | Hot Stocks08:11 EDT Alzamend Neuro contracts Altasciences to conduct AL001 bioavailability study - Alzamend Neuro announced that it contracted Altasciences to conduct a six-month Phase I relative bioavailability study for AL001 for dementia related to Alzheimer's disease in September. The Phase I first-in-human study is for the purpose of determining potential clinically safe and appropriate dosing for AL001 in future studies. AL001 is a lithium-delivering ionic cocrystal under development as an oral treatment for patients with dementia related to mild, moderate, and severe cognitive impairment associated with Alzheimer's disease. The Phase I study will investigate the pharmacokinetics compared to a typical single dose of a marketed 300 mg immediate-release lithium carbonate capsule in healthy male and female subjects. The lithium and salicylate components of AL001 will be given within the amounts already approved for use in patients. The purpose of the research study is to test the safety, tolerability, and bioavailability of the study drug, AL001, compared to the currently marketed formulation of the comparator, lithium carbonate.
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WMT | Hot Stocks08:10 EDT Walmart: Requiring U.S. teams above store, club level to be vaccinated by Oct. 4 - As the Delta variant spreads and the potential for future variants persists, CEO Doug McMillon said the company made the decision to require U.S. teams above store and club level to become fully vaccinated by October 4. The company also doubled the cash incentive to get vaccinated for hourly associates in the U.S. to $150, the executive added.
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KNBE | Hot Stocks08:10 EDT KnowBe4 launches updated Automated Security Awareness Program 2.0 - KnowBe4 announced the launch of its updated Automated Security Awareness Program 2.0 and availability in six new languages. ASAP's refreshed user interface and updated questionnaire was designed to make the process easier and faster for IT admins to get their security awareness training programs started. After answering some simple questions, ASAP will create a user-friendly program and schedule of tasks automatically. This robust cybersecurity tool helps IT admins build a comprehensive security awareness training program quickly. It is one of KnowBe4's tools offered at no charge.
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RAVE | Hot Stocks08:09 EDT Rave Restaurant's Pizza Inn announces multi-unit franchise agreement in Qatar - Pizza Inn announced it has executed an international development agreement with Principal Master Licensee Walid Haider, Chairman of Azalea Investment LLC in Dubai, UAE. Five Pizza Inn stores will open in Qatar, with the first store projected to open in the city of Doha in March of 2022. Walid signed the agreement to bring five Pizza Inn stores to Qatar, with the option to open additional new stores.
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WMT | Hot Stocks08:09 EDT Walmart: 'Important that as many people in the U.S. get vaccinated as possible' - CEO Doug McMillon, on the company's earnings conference call, said that it is "important" that as many people in the U.S. get vaccinated as soon as possible and vaccines be made available around the world.
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KKR | Hot Stocks08:09 EDT KKR to sell industrial portfolio to Oxford Properties for $2.2B - KKR has agreed to sell a 14.5M square foot infill and light industrial portfolio to Oxford Properties, a real estate investor, asset manager and business builder, for approximately $2.2B. The portfolio consists of 149 high-quality distribution buildings strategically located across 12 major industrial U.S. markets, including the Inland Empire, Dallas, Atlanta, Phoenix, Chicago, Houston, Tampa, Orlando, San Diego and the Baltimore Washington corridor. The transaction is anticipated to close in the coming months.
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MEIP | Hot Stocks08:08 EDT MEI and Kyowa announce dosing of first patient in Phase 3 study of zandelisib - MEI Pharma and Kyowa Kirin, a global specialty pharmaceutical company, announced the dosing of the first patient in a Phase 3 study of zandelisib known as COASTAL. COASTAL is evaluating zandelisib, a selective phosphatidylinositol 3-kinase delta inhibitor, in combination with rituximab in patients with relapsed or refractory follicular lymphoma, or FL, or marginal zone lymphoma, or MZL, who have received at least one prior line of therapy.
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OCX | Hot Stocks08:08 EDT OncoCyte launches first real-world evidence registry - Oncocyte announced the launch of a nationwide, prospective, real-world registry for patients with potentially curable early-stage lung cancer. The study is entitled the Predictive Assay for Decision Making in Adjuvant Therapy Registry. This registry was created to collect data that may demonstrate the impact of biomarker-guided treatment decisions on patients with completely resected stage I and IIA non-squamous non-small cell lung cancer across multiple academic and community cancer centers in the United States. The PADMA Registry, which utilizes Oncocyte's DetermaRx test, will be the first RW initiative to evaluate the use of biomarkers in early-stage lung cancer. Nationwide enrollment will allow for all eligible patients to participate in the study, even if they do not live near a major cancer center. The PADMA trial will perform molecular risk stratification using DetermaRx on eligible stage I-IIA patients along with EGFR mutational analysis to guide the choice of either adjuvant chemotherapy, targeted therapy, or a combination of both versus observation alone. The company's DetermaRx test is a proprietary predictive test for early-stage lung cancer.
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KTOS | Hot Stocks08:08 EDT Kratos 'remains committed' to be ready for 2023 Skyborg Vanguard Program - Kratos Defense & Security Solutions announced that it remains committed to be ready for a 2023 Skyborg Vanguard Program of Record, echoing the commitment expressed by the U.S. Air Force in its August 16, 2021 update on the Skyborg program. Skyborg is an autonomy-focused capability developed to enable the Air Force to operate and sustain low-cost, teamed aircraft that can thwart adversaries with quick, decisive actions in contested environments. The program aims to enable airborne combat mass by building a transferable autonomy foundation for a family of layered, unmanned air vehicles. As designed, this foundation will deliver unmatched combat capability per dollar by lowering the barriers to entry for industry and allowing continuous hardware and software innovation in acquisition, fielding and sustainment of critical mission systems. During this effort, AFRL will prototype a suite of autonomy and unmanned system technologies equipped with capabilities that can support a range of Air Force missions.
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KTRA | Hot Stocks08:07 EDT Kintara Therapeutics announces activation of Phase 2/3 clinical trial for GBM - Kintara Therapeutics announced that the VAL-083 treatment arm in the Global Coalition for Adaptive Research, or GCAR, registrational Phase 2/3 clinical trial for glioblastoma multiforme, or GBM, has been activated in 26 U.S. sites as of August 16. The trial, titled GBM AGILE is a patient-centered, Phase 2/3 adaptive platform trial evaluating multiple therapies for patients with newly-diagnosed and recurrent GBM. Since January, GCAR has accelerated the pace of clinical site activation with increased awareness in the medical community of Kintara's arm of the study. GCAR plans to enroll 150-200 patients in the Kintara arm of the study at over 40 sites in the U.S. and Canada with potential to increase this total to 65 clinical trial centers worldwide. Published pre-clinical and clinical data indicate that VAL-083 has activity against a range of tumor types, including lung, brain, cervical, and ovarian tumors as well as hematologic cancers.
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SATS | Hot Stocks08:06 EDT EchoStar subsidiary Hughes awarded IDIQ contract by U.S. Air Force - Hughes Network Systems announced that it has been awarded one of several prime positions on an indefinite-delivery/indefinite-quantity contract with a ceiling of $950M by the U.S. Air Force to support its Advanced Battle Management System. Hughes will offer flexible satellite communications solutions that leverage open systems design, modern software and algorithm development in order to enable ABMS, part of the broader Joint All Domain Command and Control effort to deliver information accessibility to the warfighter.
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SCHN | Hot Stocks08:06 EDT Schnitzer Steel restarts production at Oregon mill, acquires Columbus Recycling - Schnitzer Steel announced the restart of production at its Cascade Steel Rolling Mills in McMinnville, Oregon. The company is also pleased to announce that it has entered into an agreement to purchase the assets of Columbus Recycling in the Southeast region of the United States. Earlier this week, Cascade restarted production following the substantial completion of replacement and repairs of property and equipment at the mill's melt shop that had been lost or damaged by a fire on May 22. Cascade has resumed operations with a full workforce several weeks ahead of schedule and is accepting orders for its full range of finished steel products based on the rolling schedule. Due to the timing of the restart and the ramp up in operations, Cascade is expected to complete a limited number of sales prior to the end of August, the close of Schnitzer's fiscal year. On August 12, Schnitzer entered into a definitive agreement with Columbus Recycling, a provider of ferrous and non-ferrous metal recycling products and services, to acquire eight operating facilities across several states in the Southeast, including Mississippi, Tennessee, and Kentucky. The transaction is expected to close during the first quarter of Schnitzer's 2022 fiscal year, subject to regulatory approvals. Founded in 1956, Columbus Recycling has a business that purchases and processes scrap metal from industrial manufacturers, local recycling companies, and individuals, and sells the recycled products to regional foundries and steel mills. Combined with Schnitzer's nine existing facilities in Georgia, Alabama, and Tennessee, the acquired operations will offer additional recycling products, services, and logistics solutions to customers and suppliers across the Southeast. In the twelve months through the end of May, Columbus has delivered annual sales volumes of approximately 300,000 ferrous tons which, on a pro-forma basis, would increase Schnitzer's total ferrous volumes by approximately 7% over the same period.
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WMT | Hot Stocks08:06 EDT Walmart CEO: Confident in fundamental strength of business - Comments taken from Q2 earnings conference call.
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SMDM | Hot Stocks08:06 EDT Singing Machine announces stock repurchase from former majority shareholder - The Singing Machine Company announced its Board of Directors has authorized the repurchase of 19,623,155 shares of common stock previously held by its former majority shareholder. In connection with the $10,000,000 private placement that closed on August 10, 2021, the Company will use approximately $7,100,000 of the proceeds to buy back shares held by the previous 50% majority owner. The 19,623,155 shares will be redeemed by the Company and retired to treasury as authorized but unissued. As part of the share repurchase, the Company will also be re-constituting it's Board of Directors and appointing Gary Atkinson, Company CEO, to the Board. This is in addition to the previously disclosed appointment of Stingray, the Company's strategic partner and a top three shareholder, to the Company's Board. Stingray is a leading music, media, and technology provider of direct-to-consumer and B2B digital content solutions based in Montreal, Canada.
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CDTX | Hot Stocks08:06 EDT Cidara, Mundipharma announce completion of enrollment in Phase 3 ReSTORE trial - Cidara Therapeutics announced that the companies have completed recruitment of the pivotal Phase 3 ReSTORE trial evaluating the efficacy and safety of rezafungin as a potential first-line treatment for candidemia and invasive candidiasis. The trial includes 184 patients diagnosed with candidemia and/or invasive candidiasis. Jeffrey Stein, Ph.D., president and chief executive officer of Cidara, added, "With the completion of enrollment of ReSTORE, we remain on track to announce top-line data by the end of this year and anticipate filing our New Drug Application in the U.S. and similar regulatory filings outside the U.S. in mid-2022." Cidara has partnered with Mundipharma who will be responsible for bringing rezafungin to patients outside the U.S. and Japan. ReSTORE is a global, randomized, double-blind, controlled Phase 3 pivotal clinical trial evaluating the efficacy and safety of once-weekly intravenous dosing of rezafungin compared to once-daily dosing of caspofungin, the current standard of care, to treat patients with candidemia and/or invasive candidiasis. The primary efficacy endpoint of ReSTORE, which will be used to support a U.S. Food and Drug Administration NDA submission, is all-cause mortality at Day 30. The primary efficacy endpoint for the European Medicines Agency is global response at Day 14. The ongoing global Phase 3 ReSPECT trial evaluating rezafungin versus the standard antimicrobial regimen to prevent invasive fungal disease due to Candida, Aspergillus and Pneumocystis in subjects undergoing allogeneic bone marrow transplants continues to enroll patients as planned.
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LSEA | Hot Stocks08:04 EDT Landsea Homes closes on 80 homes new community in Glendale, Arizona - Landsea Homes announced that it has closed on 80 homesites for a new community, Marlowe, in Glendale, Arizona. Marlowe will feature a modern collection of two-story homes ranging from 1,800 to 2,500 square feet, with up to five bedrooms and attached three-car garages. The community, located at the intersection of 51st Avenue and Peoria Avenue, will feature a thoughtfully designed central community park as well as outdoor spaces unique to the neighborhood. Construction is slated to begin in 2023. All homes at Marlowe will be equipped with Landsea Homes' High Performance Home features, including smart home automation technology utilized by the Apple HomeKit environment. The smart home automation features include an Apple TV media manager, wireless network Internet throughout the home, entry door locks, thermostat control, garage door opener control, light dimmer switches, doorbell camera pre-wire, and high-touch customer service with an individualized training session. Homes will contain the REME HALO air purifier, a state-of-the-art product that mitigates indoor contaminants to keep residents safe and support healthy living by reducing airborne particles such as dust, dander, pollen and mold spores, killing up to 99% of bacteria, mold and viruses.
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PEP | Hot Stocks08:04 EDT PepsiCo targets 'Net Water Positive' by 2030 - PepsiCo announced its ambition to become "Net Water Positive" by 2030, aiming to replenish more water than the company uses, which would place it among the most water-efficient food or beverage manufacturers operating in high-risk watersheds. With safe water access a critical component of the holistic water stewardship agenda, The PepsiCo Foundation is also launching a new $1M program with leading NGO and long-term partner, WaterAid to bring safe water to families in Sub-Saharan Africa - expanding its 15-year, more than $53M safe water access initiative that reaches over 20 countries and has helped more than 59M people since 2006.
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WKSP | Hot Stocks08:04 EDT Worksport is moving into new headquarters, manufacturing facility - Worksport is moving into a new location which will serve as its headquarters and Canadian manufacturing facility. The new 55,000 sq ft office and facility is located at 7299 East Danbro Crescent, Mississauga, Ontario L5N 6P8, Canada. "As the company's tonneau cover business continues to grow, the move will help the team to solidify its manufacturing process for pre-production of its TerraVis solar-powered tonneau cover and COR battery systems," the company said. The facility will host existing operating infrastructure. Worksport believes it now has the physical foundation and network of partners to manage the next phase of its growth and development. Furthermore, at the new facility, Worksport will now be able to automate the cutting and sewing processes for its soft tonneau cover tarp.
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CTSH | Hot Stocks08:02 EDT Cognizant acquires digital engineering assets from Hunter Technical Resources - Cognizant has acquired digital engineering assets from Hunter Technical Resources, a privately-held digital engineering and project management agency headquartered in Atlanta, Georgia. Hunter Technical Resources engineers specialize in high-demand skills, including full stack development, machine learning, DevOps, systems architecture and data science. The acquisition extends Cognizant's talent network in key markets, strengthening the company's digital engineering resources in the U.S. as well as Cognizant's position as one of the world's largest digital engineering firms.
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WMT | Hot Stocks08:01 EDT Walmart: U.S. grocery comp sales were up mid single digits in Q2 - U.S. health & wellness comp sales were up mid-teens and general merchandise sales were up low single digits. Comments taken from Q2 earnings conference call presentation slides.
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HMBL ZEST | Hot Stocks07:50 EDT HUMBL appoints Brad Hoagland to board of directors - HUMBL (HMBL) announced that Brad Hoagland has joined the HUMBL Board of Directors as an independent director. Hoagland holds the position of CFO and Secretary of Ecoark Holdings (ZEST).
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PTIX | Hot Stocks07:49 EDT Protagenic Therapeutics announces anticipated upcoming milestones - Anticipated Upcoming Milestones: Q4 2021: Re-filing of IND application for PT00114. Q1 2022: Initiation of Phase I/IIa study for PT00114. 1H 2022: Initial Data Readout of Phase I/IIa study.
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HUIZ | Hot Stocks07:48 EDT Huize announces $5M management share purchase plan - Huize Holding announced that its Board of Directors has approved the Management Share Purchase Plan, pursuant to which Mr. Cunjun Ma, the Company's Chairman of the Board and CEO, and certain other members of the Company's management team intend to allocate their personal funds to purchase up to an aggregate of $5M worth of the Company's ADSs during a six-month period following today, pursuant and subject to applicable laws and the Company's securities trading policy. The management share purchase may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The management team has agreed to be subject to lock-up restrictions for a period of six months with respect to the proposed purchased shares.
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J | Hot Stocks07:46 EDT Jacobs awarded $235M order by U.S. Army INSCOM - Jacobs was awarded a task order contract by the U.S. Army Intelligence and Security Command, or INSCOM, to provide counterintelligence, counterterrorism and human intelligence support to the 902nd Military Intelligence Group at Fort Meade, Maryland. The contract has a value of $235M over a five-year period. As part of the task order, Jacobs will perform work that enables critical sensitive activities in the areas of cyber intrusion damage assessment, geospatial intelligence, language-enabled socio-cultural analysis, digital media forensics and human intelligence targeting.
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HCWB | Hot Stocks07:43 EDT HCW Biologics announces publication on TOBI discovery platform - HCW Biologics is focused on discovering and developing novel immunotherapies to lengthen health span by disrupting the link between chronic, low-grade inflammation and age-related diseases. The Company featured its internally-developed Tissue factOr-Based fusIon discovery platform in a recent research article published online in the peer-reviewed journal Cancer Immunology Research. Using the TOBI discovery platform, the Company has created novel multi-functional immunotherapeutics to rejuvenate the immune system to reduce the accumulation of senescent cells and suppress the activity of inflammasomes. These fusion immunotherapeutics are comprised of cytokines, chemokines, ligands, receptors, and single-chain antibodies carefully selected and designed to work in tandem to stimulate, inhibit, or target specific immune responses. The key aspect of the unique TOBI platform is that it uses a novel tissue factor protein scaffold. The extracellular domain of human TF was selected as it has a rigid elongated structure comprised mainly of ss-sheets with its N- and C-termini located at distal ends of the polypeptide, permitting genetic fusions of other protein domains without anticipated steric interference. This TF domain does not interact with the cell membrane phospholipid bilayer and, as a result, does not exhibit procoagulant activity. Consistent with these properties, the Company found that genetic fusion to the TF domain promoted increased production of difficult-to-express proteins, such as IL-15. Additionally, the TF fusion proteins could be readily purified by affinity chromatography using anti-TF antibodies and low pH elution conditions, like those used in Protein A-based affinity purification of therapeutic antibodies. As a proof of concept, HCW Biologics' published scientific article describes the creation of the molecules HCW9201 and HCW9207 as well as their individual functionality which mimic a cocktail of cytokines IL-12, IL-15, and IL-18 to prime memory-like natural killer cells for cell-based cancer therapy. However, use of the IL-12/IL-15/IL-18 cocktail for generation of memory-like NK cells for adoptive therapies is limited by the lack of available, scalable GMP-grade reagents for advancing this approach beyond early-phase clinical trials. HCW9201 and HCW9207 are expected to overcome such a production problem in the large-scale GMP manufacturing process. HCW9201 is already in clinical development to replace the IL-12/IL-15/IL-18 cocktail for patients with relapsed/refractory acute myeloid leukemia.
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OSTK | Hot Stocks07:43 EDT Overstock.com subsidiary tZero announces resignation of CEO Saum Noursalehi - In a press release yesterday, the company states: "tZERO announced the resignation of its CEO and Board of Directors Member, Saum Noursalehi, effective August 13, 2021. Having engineered tZERO's platform and organization, and positioned it as a dynamic force for digital innovation, Noursalehi is leaving the company to continue his passion for technological innovation and explore other opportunities. The tZERO Board of Directors has appointed Alan Konevsky, its long-standing Chief Legal Officer, to the role of interim CEO during the process of identifying a permanent CEO".
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AHAC | Hot Stocks07:41 EDT Humacyte announce addition of CCO, integration of commercial-scale manufacturing - Humacyte announced advancements in its commercial operations with the appointment of B.J. Scheessele as Chief Commercial Officer. In addition, Human Acellular Vessels produced in the Durham, N.C. facility are being administered to subjects throughout the U.S., Europe and Israel as part of clinical trials that are being conducted under two investigational new drug applications. Humacyte expects to submit a biologics license application to FDA in 2022 seeking approval of the HAV for its initial indication in vascular trauma. Scheessele will provide leadership, direction and strategic vision to drive the commercial launch of the HAV in its initial vascular indications and follow-on market expansion. Prior to joining Humacyte, Scheessele served as Executive Vice President of Global Marketing for Quest Medical Imaging. Humacyte's large-scale, commercial manufacturing systems, known as "Luna200", are housed in its 83,000-square-foot bioprocessing facility in Durham, N.C. Each modular, automated Luna200 system, with enhanced process controls, can grow 200 HAVs at a time. Humacyte previously presented data from its Phase 2 comparability clinical trial evaluating HAVs manufactured in the Luna200 system at the International Conference on Tissue Engineering and Regenerative Medicine. Clinical results demonstrated comparable three-month safety and efficacy outcomes to the prior, pilot-scale systems previously used to manufacture the HAV. The Durham facility is fully operational and capable of supplying current clinical trial product needs in the U.S. The facility also achieved compliance with EU good manufacturing practices and Qualified Person Certification to allow product to be supplied to ongoing studies in Europe and Israel. On February 17, 2021, Alpha Healthcare Acquisition, a special purpose acquisition company, and Humacyte announced the execution of a definitive business combination agreement along with a fully committed $175 million PIPE financing agreement. On August 24, 2021, AHAC will hold a special shareholder's meeting to vote on the proposed business combination with Humacyte.
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LYRA | Hot Stocks07:36 EDT Lyra Therapeutics to host virtual chronic thinosinusitis KOL event - Lyra Therapeutics will host Chronic Rhinosinusitis Key Opinion Leader Event on Tuesday, August 31, 2021 from 3:00 p.m. - 4:30 p.m. ET. Robert Kern, MD, Lyra's chief medical officer and the George A. Sisson Professor and Chair, Department of Otolaryngology, Head and Neck Surgery, Northwestern University Feinberg School of Medicine, will moderate a discussion with two ENT physicians who are renowned experts in CRS: Dr. Amber Luong, MD, PhD, FACS, Professor and Vice Chair for Research in Otorhinolaryngology, Head & Neck Surgery at University of Texas' McGovern Medical School. Dr. Luong will be a Coordinating Principal Investigator in one of the LYR-210 Phase 3 clinical trials. Dr. Brent Senior, MD, FACS, FARS, Professor and Vice Chair of Otolaryngology at University of North Carolina's School of Medicine. Dr. Senior was Chair of the Data Monitoring Committee for LYR-210's Phase 2 LANTERN study. Lyra has two product candidates in development for the estimated four million CRS patients in the U.S. each year that fail medical management: LYR-210 for surgically naive patients, and LYR-220 for patients that have recurrent symptoms despite surgery. The Company expects to begin its Phase 3 program for LYR-210 and a Phase 2 trial for LYR-220 around the end of 2021.
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MOXC | Hot Stocks07:36 EDT Moxian completes corporate reorganization - Moxian announced that the reorganization of Moxian as a British Virgin Islands company has been completed. As a result of the corporate reorganization, on August 16, 2021, each outstanding share of Moxian's common stock was converted into the right to receive an ordinary share of Moxian. Pursuant to the merger agreement approved by Moxian stockholders at the annual meeting of stockholders held on July 19, 2021, the number of ordinary shares in Moxian BVI owned by each shareholder as a result of the merger is the same as the number of shares of common stock previously owned in Moxian immediately prior to the merger. Trading of the ordinary shares of Moxian BVI will begin on the NASDAQ Capital Market on August 17, 2021 under the symbol "MOXC," the same symbol as that of Moxian common stock.
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ANPC | Hot Stocks07:34 EDT AnPac Bio appoints Sunil Pandit as U.S. CEO - AnPac Bio-Medical Science announces that it has hired Dr. Sunil Pandit as its U.S. CEO, effective Aug. 16, 2021. In his new role, Dr. Pandit will lead AnPac Bio's U.S. R&D and commercialization efforts to drive adoption and growth of AnPac's Cancer Differentiation Analysis technology, the company's core product for cancer screening and early detection. Additionally, Dr. Pandit is a licensed CLIA laboratory director and will continue to serve as AnPac Bio's laboratory director for its CLIA certified laboratory in Springhouse, Pennsylvania.
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HLTRF PFE | Hot Stocks07:34 EDT HLS Therapeutics reports agreement with Pfizer for Vascepa in Canada - HLS Therapeutics (HLTRF) announced that effective August 13, 2021 it has entered into a promotional services agreement with Pfizer (PFE) for the promotion of Vascepa in Canada. Vascepa is a treatment designed to reduce the risk of major adverse cardiac events in statin-treated patients. Under terms of the Agreement, Pfizer will deploy a team across Canada to support education about Vascepa with primary care physician groups. HLS's existing salesforce of approximately 30 field personnel and support staff will remain primarily focused on the specialist physician audience. HLS will retain responsibility over Vascepa's commercialization and will record all revenue related to Vascepa sales in Canada. "We believe Vascepa has the potential to improve the lives of the many Canadians suffering from, or at risk of, cardiovascular disease and we look forward to collaborating with Pfizer to bring this innovative therapy to those in need," said Gilbert Godin, CEO at HLS. "While our cardiovascular sales team will continue to focus on specialists such as cardiologists and endocrinologists, this partnership will enable us to educate and efficiently expand interactions with a general physician audience that is 3-4 times larger. Ultimately, we believe this collaboration will benefit patients and physicians while at the same time strengthening the economic potential for the product and expanding the benefit to society."
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BWAY | Hot Stocks07:33 EDT Brainsway to host KOL webinar on Deep TMS Therapy - BrainsWay announced that it will host a key opinion leader webinar on its Deep TMS therapy for treating mental health disorders on Tuesday, August 31, 2021, at 11am Eastern Time. The webinar will feature a presentation by KOL Kimberly Cress, M.D., of Greenbrook TMS NeuroHealth Centers, who will discuss the current treatment landscape and unmet medical need in treating patients with obsessive-compulsive disorder and how the BrainsWay Deep TMS therapy fits into the treatment paradigm. Dr. Cress will be available to answer questions following the formal presentations. BrainsWay's Chief Medical Officer, Dr. Aron Tendler, will also participate and share some of the robust body of clinical evidence generated to date with Deep TMS. Deep TMS is a noninvasive neurostimulation treatment that produces significant results by directly stimulating deeper and broader areas of the brain. It is a well-tolerated and effective treatment for multiple mental health disorders, including major depressive disorder, OCD, and smoking addiction.
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LGHL | Hot Stocks07:31 EDT Lion Group announces strategic partnership with Dawa - Lion Group Holding announced its latest strategic partnership with Dawa Future Graphic Technology. Through this partnership, the two companies will jointly innovate and develop the Metaverse AI tool - "Cloud Production Platform", establishing a new form of digital market and establish a leading position in the construction and development of the Metaverse field. Dawa Technology is one of China's largest communities for VR, AR, XR developers and content creators, that gathers veteran researchers, developers, creators and project operation teams.
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CSQPF | Hot Stocks07:30 EDT Cervus Equipment agrees to be acquired by Brandt Tractor for $19.50/share cash - Cervus Equipment Corporation on Monday announced that it has entered into an arrangement agreement pursuant to which Brandt Tractor Ltd. will acquire all of the issued and outstanding common shares of the Company, excluding those held by Brandt, for $19.50 per share in cash, valuing Cervus at approximately $302M on an equity value basis. The consideration represents a 37% premium to the 20-day volume-weighted average price of the company's shares on the Toronto Stock Exchange for the period ending August 13, 2021. Angela Lekatsas, President and CEO of Cervus, said, "This Transaction delivers tremendous value for our shareholders and clearly demonstrates the successful execution of our strategy. As a private company with a committed, well-capitalized and long-term owner, Cervus will be better positioned for the next stage of evolutionary growth for our dealerships. The size and scale of the entity created by the combination of our two companies will allow for increased investment into Cervus for the benefit of our employees and customers". Cervus expects to hold the Special Meeting of shareholders to consider the Transaction in October 2021 and to mail the management information circular for the Special Meeting in September 2021. The Transaction is expected to close in the fourth quarter of 2021.
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BIP IPPLF | Hot Stocks07:20 EDT Brookfield Infrastructure reminds Inter Pipeline shareholders to tender to offer - Brookfield Infrastructure Partners (BIP) reminds IPL (IPPLF) shareholders to tender to its offer as outlined in the Fifth Notice of Variation and Extension dated August 6, 2021. Brookfield Infrastructure is confident that at the August 20th deadline we will meet the modified statutory minimum condition and be in a position to take-up and pay for all tendered shares. IPL shareholders are encouraged to tender to the Offer as soon as possible to receive their chosen form of consideration shortly after take-up. Shareholders who do not tender prior to the Offer expiry may be delayed in receiving consideration from Brookfield Infrastructure. The company said, "Upon the successful conclusion of our Offer, we intend to commence a subsequent transaction to acquire the remaining shares that were not tendered. The timing and details of such transaction will be released at a later date." IPL shareholders may elect up to 100% cash consideration, totalling C$20.00 per share of IPL without being subject to proration or 0.250 of a class A exchangeable subordinated voting share of Brookfield Infrastructure Corporation, subject to proration.
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BHG | Hot Stocks07:18 EDT Bright Health expands affordable plans in 42 new markets - Bright HealthCare, the healthcare financing and distribution business of Bright Health Group announced its expansion into several new states for 2022. It also expanded its product portfolio in states where it already does business. The planned growth brings Bright HealthCare's overall footprint to 17 states and 131 markets nationwide next year reaching over 16.5 M eligible consumers. Map represents states covered and is not meant to represent actual coverage areas, which are county- and in some cases zip-code specific. All coverage areas are subject to benefit plan approval by the Centers for Medicare & Medicaid Services and/or final state regulatory approval, including requisite state insurance or HMO licensure approvals. "
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CWYUF | Hot Stocks07:18 EDT SmartCentres unveils PXL Gallery public art installation - SmartCentres Real Estate Investment Trust officially unveils the PXL Gallery, a 10,000 square foot low resolution LED permanent art installation in SmartVMC, its flagship 100-acre master-planned city centre in Vaughan. This modern art installation features rotating exhibits of curated moving artwork created by acclaimed digital artists.
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GXO | Hot Stocks07:16 EDT GXO Logistics releases results from survey on e-commerce, returns trends - GXO Logistics released findings from its most recent global survey on trends in e-commerce and returns. The survey details trends in consumer shopping habits and retailer behaviors, including the link between increased e-commerce activity and higher returns volumes. Key takeaways from the survey include: 72% of retailers are investing in their returns management processes. More than a quarter of retailers recently invested in additional warehouse space. 57% of consumers say having a sustainable returns program is an important factor when making a purchase online. In the past 12 months: 36% of retailers say online returns have increased. 37% of retailers said returns have increased their operational costs. 42% of consumers said they returned a piece of apparel online. Richard Cawston, president - Europe, GXO, said, "We're seeing a rapid increase in outsourcing from retailers. They want to de-risk their supply chains. They're looking for a technologically advanced logistics partner with scale to support their e-commerce growth, including a rising need for returns management that requires specific expertise in technology to optimize inventory."
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GENI | Hot Stocks07:16 EDT Genius Sports to acquire creative performance platform Spirable, no terms - Genius Sports announced that it has entered into a definitive agreement to acquire Spirable, "a leading creative performance platform,. Transaction details have not been disclosed," said the company. Spirable allows brands, agencies and rights holders to create, automate and optimize highly personalized content. The at-scale offering uses live and contextual data and AI to distribute content across the major digital media channels including Facebook, Twitter, YouTube and Snapchat. The SaaS platform is highly complementary to Genius' existing media and advertising products, expanding the Company's ability to deliver fans contextually relevant and personalized content. The combination of Genius Sports' official sports data, extensive network, and operational scale with Spirable's highly innovative video platform will result in deeper engagement, higher performance, and lower cost of acquisition for partners. Spirable's customers will broaden Genius' extensive global brand network, adding household names such as Spotify, Coca-Cola, P&G, Domino's, Diageo and Heineken. In addition, Spirable has established links with the sports and gaming sector, providing its services to businesses including DraftKings, Flutter, WynnBET, Betway, 888 Holdings, and Entain. "The sports sector has always been at the pinnacle of advertising and marketing, and more than ever brands are looking to maximize their engagement with fans before, during and after events," said Ger O'Meara, CEO of Spirable. "Over the past six years, our talented team has helped change the way brands create, scale and optimize creative to reach their customers. Together with Genius Sports, we will work to offer more valuable real-time content that will increase fan interaction and retention." The completion of the transaction is subject to customary closing conditions and expected to take place in the second half of 2021.
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REPH | Hot Stocks07:15 EDT Recro Pharma to host webcast on IRISYS acquisition - Recro Pharma announced that company management will host a webcast to discuss the company's recently announced acquisition of IRISYS, a San Diego-based CDMO that possesses capabilities that complement and expand those of Recro. The webcast will be held at 11:00 a.m. Eastern on Thursday, August 19, 2021. During the event, Recro's management team will discuss the rationale for its acquisition of IRISYS and provide an overview of the transaction's expected impact on the company's ongoing growth strategy. The discussion will highlight Recro's operations on both the East and West Coast of the U.S., as well as the organization's expanded global client base and enhanced capabilities now spanning pre-Investigational New Drug development to commercial manufacturing and packaging for a wide range of dosage forms.
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TLLTF | Hot Stocks07:14 EDT Tilt Holdings announces second agreement with Old Pal - TILT Holdings announced that it has entered into an exclusive agreement to manufacture, package and distribute select products by Old Pal, a Los Angeles-based lifestyle cannabis company. Per the new Agreement, TILT's Pennsylvania subsidiary, Standard Farms, will bring Old Pal into the company's full-service wholesale manufacturing, packaging and distribution platform in the Commonwealth, expanding the Company's relationship with Old Pal beyond Massachusetts. Standard Farms will be launching Old Pal's Classic 7-gram Whole Flower pouches and one-gram 510 Oil Cartridges, provided by TILT subsidiary, Jupiter Research.
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PRCH | Hot Stocks07:14 EDT Porch.com reports acquisition of Rynoh during Q2 - Porch.com said last night along with its earnings report: "As previously disclosed, in April 2021, Porch closed its acquisition of Homeowners of America, going deeper into insurance by adding a full stack carrier and managing general agent. Additionally, in Q2, Porch acquired Rynoh, a leading provider of patented SaaS solutions for title companies and other settlement agents. Located in Virginia, Rynoh applications help protect real estate closings by providing continuous end-to-end account auditing, daily reconciliation, transaction monitoring, fraud detection and reporting. Porch expects Rynoh to generate $8 million in revenue for the full year 2021, with $4 million of that accruing to Porch's 2021 year post-close. Rynoh contributed $1.3 million to Porch in the second quarter of 2021. Rynoh operates with similar gross margin and contribution margins as Porch and is expected to operate largely at breakeven Adjusted EBITDA in the near-term as it invests in growth. Porch acquired Rynoh for $31.5 million cash at closing, with $3.5 million due in April 2023."
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DAWN | Hot Stocks07:11 EDT Day One Biopharmaceuticals appoints Scott Garland to board of directors - Day One Biopharmaceuticals announced the appointment of Scott Garland to the company's board of directors. Garland is a 30-year veteran of the biopharmaceutical industry with deep commercial and executive leadership experience. Garland is the chief executive officer of PACT Pharma, an immuno-oncology company focused on developing neoantigen targeted T-cell therapies for solid tumors.
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HSDT | Hot Stocks07:10 EDT Helius Medical announces FDA Breakthrough Designation for PoNS device - Helius Medical Technologies announced that it has received Breakthrough Designation from the U.S. Food and Drug Administration for its PoNS device with the proposed indication for use as a temporary treatment of dynamic gait and balance deficits due to symptoms from stroke, to be used as an adjunct to a supervised therapeutic exercise program in patients 22 years of age and over. "We are very pleased to announce the receipt of Breakthrough Designation for our PoNS device to treat stroke-induced gait and balance deficits," said Helius CEO, Dane Andreeff. "Strokes are a large and growing cause of long-term disability in the United States. An estimated 7 million Americans are living with stroke-related complications, and more than 80% of stroke survivors are estimated to develop gait impairment." Andreeff continued: "Obtaining Breakthrough Designation represents an important milestone in our path to providing this underserved patient population with a non-drug, non-implantable treatment option that has the potential to significantly improve their gait and balance, their ability to walk and perform daily tasks. We look forward to building on this achievement by utilizing the Breakthrough Devices Program to facilitate our pursuit of U.S. regulatory clearance for treatment of stroke-induced symptoms in close collaboration with the FDA."
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MAIN | Hot Stocks07:10 EDT Main Street announces cumulative investment totaling $38.5M - Main Street Capital announced that it recently invested a cumulative total of $38.5M across three investments, including two new portfolio investments and one follow-on investment to support the growth of an existing portfolio company. Main Street recently completed a new portfolio investment to complete the minority recapitalization of The Affiliati Network, a leading performance marketing agency in the U.S. that specializes in affiliate marketing and lead generation solutions for brands and advertisers. Affiliati bridges the gap between advertisers seeking customer leads and affiliates who deliver high quality customer traffic. Affiliati was founded in 2011 and is headquartered in Santa Barbara, California. Main Street, along with its co-investor, partnered with Affiliati's founder and CEO to facilitate the transaction, with Main Street funding $20.4 million in a combination of first-lien, senior secured term debt and a direct equity investment. In addition, Main Street and its co-investor are providing Affiliati with a revolving line of credit to support its future growth initiatives and working capital needs.
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BLDR | Hot Stocks07:08 EDT Builders FirstSource completes acquisition of WTS Paradigm - Builders FirstSource announced that it has closed on its previously announced acquisition of WTS Paradigm. Paradigm, which will operate as an independent business of Builders FirstSource, provides the company with a digital platform to advance its strategy to deliver technology solutions that help its customers build more efficiently. "We are excited to welcome Paradigm's employees into the Builders FirstSource family and enhance our digital capabilities," said Dave Flitman, President and CEO of Builders FirstSource. "Paradigm's unmatched technology will help us provide our customers with solutions that address many of the inefficiencies throughout the home building process and reduce costs along the way. Furthermore, our acquisition of Paradigm puts us in a strong position to capitalize on the significant market opportunity in digital, which we anticipate will lead to $1B of incremental sales over the next five years."
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WMT | Hot Stocks07:07 EDT Walmart reports Q2 U.S. comparable sales growth 6.1%
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MOH | Hot Stocks07:06 EDT Molina Healthcare awarded Nevada Medicaid contract - Molina Healthcare announced its Nevada health plan subsidiary was awarded a Medicaid managed care contract from the Nevada Department of Health and Human Services - Division of Health Care Financing and Policy, DHCFP. The new four-year Medicaid contract, with a potential two-year extension, will commence on January 1, 2022. Molina's Nevada health plan is one of four Managed Care Organizations offering health care coverage to approximately 630,000 Medicaid beneficiaries in Clark County and Washoe County through the TANF, CHIP, and Medicaid Expansion programs. Molina will also participate in the state-based Affordable Care Act Exchange. "We are honored that Nevada has awarded Molina the opportunity to serve the state's most vulnerable citizens," said Joe Zubretsky, president and chief executive officer of Molina Healthcare. "Molina looks forward to advancing the state's
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AZRX | Hot Stocks07:05 EDT AzurRx announces WHO publication of 'adrulipase alfa' as name for MS1819 - AzurRx BioPharma announced the World Health Organization has published "adrulipase alfa" as the proposed International Nonproprietary Name for MS1819. MS1819 is a recombinant lipase enzyme that is currently under development for the treatment of exocrine pancreatic insufficiency associated with cystic fibrosis and chronic pancreatitis. AzurRx is pursuing parallel monotherapy and combination therapy clinical pathways with MS1819. The company reported topline results from its Phase 2b OPTION 2 monotherapy trial in March 2021 and expects to report full topline results from its Phase 2 combination therapy trial, evaluating MS1819 in combination with PERT, for the treatment of severe EPI in patients with cystic fibrosis, in the third quarter of 2021. The WHO is expected to render a final decision on the use of adrulipase alfa for MS1819 by November 2021.
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BGNE | Hot Stocks07:05 EDT BeiGene,and EUSA Pharma announce China approval of dinutuximab beta - BeiGene announced that the China National Medical Products Administration, NMPA, has granted QARZIBA ,dinutuximab beta, conditional approval for the treatment of high-risk neuroblastoma in patients aged 12 months and above who have previously received induction chemotherapy and achieved at least a partial response, followed by myeloablative therapy and stem cell transplantation, as well as patients with a history of relapsed or refractory neuroblastoma with or without residual disease. Dinutuximab beta is a targeted immunotherapy approved by the European Medicines Agency, EMA. "Dinutuximab beta represents an important biologic therapy for pediatric patients in China, having been listed in the first batch of New Drugs in Urgent Clinical Need Marketed Overseas by the NMPA," commented Xiaobin Wu, Ph.D., President, Chief Operating Officer, and General Manager of China at BeiGene. "For these young patients fighting neuroblastoma in China, we are proud to bring the first approved treatment."
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GRTS | Hot Stocks07:03 EDT Gritstone, CEPI announce agreement to advance COVID-19 vaccine program - Gritstone bio announced that the company entered into a funding agreement of up to $20.6M with the Coalition for Epidemic Preparedness Innovations to advance the development of Gritstone's CORAL COVID-19 vaccine program with an initial focus in South Africa. "Our unique approach combines our self-amplifying mRNA platform with a broad set of viral antigens beyond spike intended to drive robust and durable immune responses comprising both neutralizing antibodies and CD8+ T cells. With this unique antigenic breadth, our CORAL vaccine may offer protection against emerging spike variants of SARS-CoV-2 that appear challenging for first generation vaccines," said Andrew Allen, M.D., Ph.D., co-founder, president and chief executive officer of Gritstone. Under the terms of the agreement, CEPI will fund a multi-arm Phase 1 study evaluating the CORAL program's SAM vaccine in naive, convalescent, and HIV+ patients. The funding will also support pre-clinical studies, scale-up and formulation development to enable more stable drug product. The study will evaluate two different SAM vaccine constructs that each target both the spike protein and other SARS-CoV-2 targets and are designed to drive both robust B and T cell immune responses. The trial is expected to initiate before the end of 2021.
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BMY | Hot Stocks07:03 EDT Bristol-Myers receives MAA validation from EMA for Opdivo combined with Yervoy - Bristol Myers Squibb announced that the European Medicines Agency, or EMA, has validated its Type II Variation Marketing Authorization Applications, or MAA, for both Opdivo, or nivolumab, in combination with Yervoy, or ipilimumab, and Opdivo in combination with fluoropyrimidine- and platinum-containing chemotherapy as first-line treatments for adult patients with unresectable advanced, recurrent or metastatic esophageal squamous cell carcinoma, or ESCC. Validation of these applications confirm that the submissions are complete and begins the EMA's centralized review process. The applications are based on results from the pivotal Phase 3 CheckMate -648 trial, in which both Opdivo-based treatment combinations - Opdivo plus Yervoy and Opdivo plus chemotherapy - demonstrated a statistically significant and clinically meaningful overall survival benefit compared to chemotherapy at the pre-specified interim analysis in patients with unresectable advanced or metastatic ESCC with tumor cell PD-L1 expression greater than or equal to1%, as well as in the all-randomized population. Results from CheckMate -648 were presented in an oral session during the 2021 American Society of Clinical Oncology Annual Meeting and were selected for the official ASCO press program. .
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WING | Hot Stocks07:03 EDT Wingstop names Stacy Peterson as EVP, Chief Digital and Technology Officer - Wingstop announced Stacy Peterson will now serve as EVP, Chief Digital and Technology Officer and the promotion of Marisa Carona to SVP, Chief Growth Officer and Stevie Benjamin to SVP of Digital Marketing. Stacy joined Wingstop in 2013 and is well-recognized as a leading technology executive in the restaurant industry. Since joining Wingstop in 2015, Marisa has been fast-tracking up the company ladder after leading key areas of the business including corporate strategy, ESG, training, and serving as Chief of Staff to the CEO and Vice President of Strategy. Stevie joined Wingstop in mid-2021 as VP of Media after successful stints leading media strategy at MillerCoors, Target and Discover.
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OPTT | Hot Stocks06:46 EDT Ocean Power announces DOE award - Ocean Power Technologies announced that the U.S. Department of Energy selected the company to further the development of a next-generation wave energy converter. In the DOE's recently announced awards for clean energy Small Business Innovation Research projects, OPT will receive up to $197,203 to perform a preliminary conceptual design and feasibility study of a modular and scalable small-scale Mass-on-Spring Wave Energy Converter PowerBuoy for powering autonomous ocean monitoring systems.
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DPW | Hot Stocks06:39 EDT Ault Global Holdings regains compliance with NYSE listing rules - Ault Global Holdings announced that on August 13, 2021, the Company received written notice from the NYSE American stating that AGH has regained compliance with all continued listing standards set forth in Section 704 of the NYSE American Company Guide. By meeting the continued listing requirements, AGH has resolved its continued listing deficiency and, effective at the start of trading on August 16, the "BC" designation, signifying noncompliance with the NYSE American's listing standards, was removed from the Company's "DPW" trading symbol.
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SWK | Hot Stocks06:35 EDT Stanley Black & Decker to acquire remaining 80% stake in MTD Holdings for $1.6B - Stanley Black & Decker announced that it has agreed to acquire the remaining 80% ownership stake in MTD Holdings, a privately held global manufacturer of outdoor power equipment, including Cub Cadet and Troy-Bilt for $1.6B in cash. Stanley Black & Decker acquired a 20% stake in MTD in 2019. With over $2.5B of revenue in the last twelve months, MTD designs, manufactures and distributes lawn tractors, zero turn mowers, walk behind mowers, snow blowers, residential robotic mowers, handheld outdoor power equipment and garden tools for both residential and professional consumers under well-known brands like Cub Cadet and Troy-Bilt. MTD has state-of-the-art manufacturing facilities in North America and Europe, and a global distribution network. Together Stanley Black & Decker and MTD have a compelling pathway to introduce new and innovative products for professional and residential outdoor equipment customers. MTD has made significant progress in improving its EBITDA margin from 4.5% in 2018 to high single digits over the last twelve months and there is runway for further EBITDA margin improvement to the mid-teens over the next four years as cost and revenue opportunities are realized. The company expects the transaction to result in cumulative annual cost synergies of approximately $100M by 2025. Our planning assumption for 2022 carries revenue of approximately $2.6B and consolidated adjusted EBITDA over $230M. Using these assumptions, the acquisition is expected to be approximately 50c accretive to adjusted earnings per share in 2022, increasing to over $1.00 by 2025. One time charges associated with the acquisition are expected to be $175M-$200M of integration, restructuring and other deal related costs and approximately $125M-$150M of non-cash charges such as inventory step-up, which in the aggregate will largely be incurred upon closing and during the first three years of ownership. The total purchase price represents an adjusted LTM EBITDA multiple of approximately 8x.
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SE | Hot Stocks06:32 EDT Sea Limited raises FY guidance for digital entertainment, e-commerce - The company said, "We are raising the guidance for both digital entertainment and e-commerce for the full year of 2021. We expect bookings for digital entertainment to be between $4.5 billion and $4.7 billion, representing 44.4% growth from 2020 at the midpoint of the revised guidance. We also expect GAAP revenue for e-commerce to be between $4.7 billion and $4.9 billion, representing 121.5% growth from 2020 at the midpoint of the revised guidance."
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PBTS... | Hot Stocks06:16 EDT Powerbridge enters pact with Cryptodigital to acquire cryptocurrency miners - Powerbridge (PBTS) announced it has entered into a collaborative agreement with Cryptodigital. Under the terms of the agreement, Cryptodigital will provide related services to Powerbridge for acquiring a certain number of Bitcoin (BTC) and Ethereum (ETH) miners and developing and managing the mining operations in Asia and North America.
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AUPH | Hot Stocks06:09 EDT Aurinia Pharmaceuticals acquires two novel pipeline assets - Aurinia Pharmaceuticals announced the addition of two novel assets that will expand the Company's rare autoimmune and kidney-related disease pipeline. The first program, AUR200, was acquired by way of Aurinia purchasing all of the common stock of Thunderbolt Pharma, a private company. AUR200 is a recombinant Fc fusion protein designed to specifically block B-cell Activating Factor, known as BAFF, and A Proliferation-Inducing Ligand, known as APRIL. BAFF and APRIL promote B cell survival and differentiation and have been shown to play a prominent role in the pathogenesis of certain autoimmune and nephrology conditions. For the acquisition, Aurinia made an aggregate upfront payment of $750,000 to the shareholders of Thunderbolt and will be responsible for future regulatory milestones upon investigational new drug, or IND, acceptance by the FDA or any equivalent authority. Additionally, Thunderbolt shareholders will receive low single digit royalties on any future net sales. AUR200 is currently undergoing pre-clinical development with projected submission of an IND to the FDA by the end of 2022. The second program, AUR300, was secured through a global licensing and research agreement with Riptide Bioscience, a private company. AUR300 is a novel peptide therapeutic that modulates M2 macrophages via the macrophage mannose receptor CD206. Dysregulation of M2 macrophages drives fibrosis. AUR300 acts to reduce M2 dysregulation and decrease inflammatory cytokines, and therefore may have significant clinical applications for autoimmune and fibrotic diseases. Riptide has longstanding expertise in interpreting the etiology of fibrosis, including the discovery of lysyl oxidase and procollagen. As part of the agreement, Aurinia paid Riptide an upfront fee of $6M. Additional milestone payments are due upon certain development, clinical and regulatory milestones, and royalties will be payable upon commercialization. It is anticipated that clinical development for AUR300 will commence during the first half of 2023.
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BHP WOPEY | Hot Stocks06:07 EDT BHP, Woodside Petroleum to combine oil and gas portfolios in all-stock merger - Woodside Petroleum Ltd (WOPEY) and BHP Group (BHP) have entered into a merger commitment deed to combine their respective oil and gas portfolios by an all-stock merger to create a global top 10 independent energy company by production, the companies said in a statement. On completion of the Transaction, BHP's oil and gas business would merge with Woodside, and Woodside would issue new shares to be distributed to BHP shareholders. The expanded Woodside would be owned 52% by existing Woodside shareholders and 48% by existing BHP shareholders. The Transaction is subject to confirmatory due diligence, negotiation and execution of full form transaction documents, and satisfaction of conditions precedent including shareholder, regulatory and other approvals. BHP CEO Mike Henry said, "The merger of our petroleum assets with Woodside will create an organization with the scale, capability and expertise to meet global demand for key oil and gas resources the world will need over the energy transition." Both the Woodside and BHP boards of directors confirm their support for the Transaction. The merger is expected to be completed in the second quarter of the 2022 calendar year with an effective date of July 1, 2021. The Transaction is subject to confirmatory due diligence, negotiation and execution of full form transaction documents which is targeted for October 2021, and satisfaction of conditions precedent including shareholder, regulatory and other approvals. Under the merger commitment deed, each party has agreed to pursue a merger transaction and agreed to certain exclusivity arrangements and to each pay a reimbursement fee of approximately $160M in certain circumstances. Reference Link
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CLNE | Hot Stocks06:05 EDT Clean Energy announces new deals for RNG - Clean Energy Fuels announced a slew of new deals in response to the demand for renewable natural gas, or RNG. RNG represents more than 74% of the 26M gallons of fuel Clean Energy expects to provide through these recent signed agreements. Clean Energy has a stated goal of providing 100% zero-carbon renewable fuel at its stations by 2025. Clean Energy signed a multi-year agreement with the City of Pasadena for an anticipated 1.5M gallons of RNG to fuel 53 vehicles, including solid waste, transit buses, dump trucks and street sweepers. Big Blue Bus, the transit agency that services one of the most environmentally conscious cities in the county, Santa Monica, CA, has extended its RNG fueling contract with Clean Energy for five additional years for an anticipated 10M gallons of RNG to fill its 189-bus fleet. Gold Coast Transit, which serves Ventura County, CA has signed a multi-year fuel supply agreement with Clean Energy for an expected 4.2M gallons of RNG to fuel 56 buses and 25 paratransit buses and vans. Clean Energy has entered into a long-term agreement with Cedar Bus Company, of Buffalo, NY, to provide an estimated 2M gallons of fuel to power 60 shuttle buses that provide paratransit and university transportation. The City of Sacramento, County of Sacramento, and the City of Redlands have all extended their RNG supply agreements with Clean Energy for an anticipated 1.M gallons to fuel refuse trucks and other vehicles. KALM Energy, based in Lincoln, NE, has contracted with Clean Energy to take over operations of its three CNG stations that fuel transit buses, refuse trucks, heavy-duty trucks and passenger vehicles with annual gallons estimated at 1M gallons. The first site fuels the Omaha Metro Transit Agency, and two public access stations, located in Lincoln and Council Bluffs, IA, fuel natural gas fleets in the region. Clean Energy has been contracted by the City of Fort Smith, AR, to build a $1.8M station for the city's sanitation department to fuel refuse trucks and provide maintenance services at the site. Clean Energy has also signed an agreement to provide $380,000 in facility modifications for the City's sanitation maintenance facility. The Olathe School District in Kansas has contracted with their transportation provider DS Bus Line to run 30 CNG school buses in place of 30 diesel buses for an estimated 75,000 gallons of CNG per year. DS Bus Line, the transportation operator for Olathe Schools, utilized a grant to purchase CNG school buses. The buses will be deployed and operable for the upcoming school year. Clean Energy is facilitating station expansions for national solid waste company Republic Services in two additional California locations, allowing it to double the number of RNG-fueled trucks in Sun Valley and accommodating an additional 34 refuse trucks in Pacheco. Clean Energy currently provides RNG for Republic Services trucks in 22 states. RoadEX, a large California drayage company, is adding 16 new natural gas trucks to their fleet through the Chevron and Clean Energy partnership Adopt-A-Port program. In migrating from diesel fuel to RNG, RoadEx has committed to an approximate 960,000 gallons of RNG over the contract term.
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VEON | Hot Stocks05:18 EDT Veon appoints Michael Schulz as chief people officer - Veon announced Michael Schulz has been appointed as its chief people officer. Michael joins Veon from Puma Energy, where he led the company's people and culture function and was a member of its group executive committee. Michael previously held senior human resources roles at Petrofac and LafargeHolcim. In his new role, Schulz joins Veon's group executive committee and will be appointed to the boards of directors of a number of the group's operating companies.
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TLSA | Hot Stocks05:15 EDT Tiziana Life Sciences announces publication of Foralumab data - Tiziana Life Sciences announced publication of a scientific article in the peer-reviewed journal Frontiers in Immunology. The study was completed in collaboration with scientific teams at the Harvard Medical School and Intrials, a Latin American CRO based in Sao Paulo, Brazil. The aim of the study was to assess safety of intranasal Foralumab and evaluate its potential benefits in treating immune hyperactivity and lung inflammation in mild to moderate COVID-19 patients who were outpatients at the Santa Casa de Misericordia de Santos Hospital in Brazil. Thirty-nine patients were randomized into three cohorts: no Foralumab treatment, nasal Foralumab + Dexamethasone and nasal Foralumab alone administered for 10 consecutive days. All arms were allowed to continue standard of care medications. Treatment with Foralumab was well-tolerated, and all patients completed the study. No serious adverse events were observed. Eleven patients experienced an adverse event, including headache, burning in the nostril, retrosternal pain, pustular lesions and itching in cervical area, dysuria, tachycardia associated with anxiety and insomnia. Treatment with Foralumab resulted in significant reduction in lung inflammation. The CT scan of the lungs obtained prior to the start of treatment and at study completion revealed a marked improvement in clearance of lung infiltrates, predominantly in patients receiving Foralumab alone as compared to patients in the control cohort. The CT scanning data strongly correlated with significant reduction in levels of inflammatory markers, such as IL-6 levels and CRP at day 10.
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PM | Hot Stocks05:11 EDT Philip Morris launches IQOS ILUMA in Japan - Philip Morris announced the launch of IQOS ILUMA, the latest addition to their portfolio of smoke-free products for adults who would otherwise continue to smoke or use nicotine products. The new IQOS ILUMA becomes the brand's first tobacco-heating system to introduce induction-heating technology, which utilizes no blade and requires no cleaning.
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