Stockwinners Market Radar for August 19, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
FGEN ALPMY | Hot Stocks19:37 EDT Astellas, FibroGen get EC approval for Evrenzo in adult CKD patients - Astellas Pharma (ALPMY) and FibroGen (FGEN) announced that the European Commission has approved EVRENZO, or roxadustat, for the treatment of adult patients with symptomatic anemia associated with chronic kidney disease, or CKD. Roxadustat is the first orally administered HIF-PH inhibitor available in the European Union. Roxadustat increases hemoglobin levels through a different mechanism of action compared to injectable erythropoiesis-stimulating agents which are typically co-administered with intravenous iron. As a HIF-PH inhibitor, roxadustat activates the body's natural response to reduced oxygen levels in the blood. This response involves the regulation of multiple, coordinated processes that allow management of anemia with a reduced use of intravenous iron. This approval follows the European Medicines Agency's Committee for Medicinal Products for Human Use positive opinion to authorize roxadustat in June6 based on results from a comprehensive pivotal Phase 3 program comprising of eight multicenter and randomized studies, which involved 9,600 patients worldwide. The results of this program showed roxadustat was efficacious in achieving and maintaining target Hb levels in patients with symptomatic anemia of CKD regardless of dialysis status and irrespective of prior ESA treatment. The safety profile observed in the roxadustat development program is reflective of the CKD populations studied and comparable to ESAs. The EC approval of roxadustat triggers a milestone payment of $120M by Astellas to FibroGen, and FibroGen will also receive royalties based upon European net sales."
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CRUS | Hot Stocks19:18 EDT Cirrus Logic CEO buys 6,500 common shares - In a regulatory filing, Cirrus Logic CEO John Forsyth disclosed the purchase of 6,500 common shares of the company on August 17 at a price of $79.71 per share.
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COIN | Hot Stocks19:18 EDT Coinbase CEO tweets will invest 10% of all profits in crypto going forward - Coinbase CEO Brian Armstrong tweeted: "We recently received board approval to purchase over $500M of crypto on our balance sheet to add to our existing holdings. And we'll be investing 10% of all profit going forward in crypto. I expect this percentage to keep growing over time as the cryptoeconomy matures." Reference Link
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BEN | Hot Stocks19:16 EDT Franklin Resources CEO Johnson sells 52,789 common shares - In a regulatory filing, Franklin Resources president and CEO Jennifer Johnson disclosed the sale of 52,789 common shares of the company on August 19 at a price of $30.37 per share.
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FATE | Hot Stocks19:12 EDT Fate Therapeutics announces clinical data from FT596/516 in B-cell lymphoma - The company states: "Fate Therapeutics highlighted positive interim clinical data from the Company's FT516 and FT596 programs for patients with relapsed / refractory B-cell lymphoma. FT516 is the company's universal, off-the-shelf natural killer cell product candidate derived from a clonal master induced pluripotent stem cell line engineered with a novel high-affinity, non-cleavable CD16 Fc receptor, which is designed to maximize antibody-dependent cellular cytotoxicity, a potent anti-tumor mechanism by which NK cells recognize, bind and kill antibody-coated cancer cells. The Company's FT596 program incorporates both the hnCD16 Fc receptor and a chimeric antigen receptor targeting CD19, which is designed to enable multi-antigen targeting of tumor cells, as well as an IL-15 receptor fusion to enhance NK cell activity and survival. The ongoing clinical trial in relapsed / refractory B-cell lymphoma is assessing a single dose of FT596 as monotherapy and in combination with a single dose of rituximab following three days of conditioning chemotherapy. As of the data cutoff date of June 25, 2021, 10 patients in the Monotherapy Arm and 10 patients in the Combination Arm were evaluable for assessment of safety and efficacy in the first, second, and third dose cohorts of 30 million cells, 90 million cells, and 300 million cells, respectively. Patients had received a median of four prior lines of therapy and a median of 2.5 prior lines containing CD20-targeted therapy. Of the 20 patients, 12 patients had aggressive B-cell lymphoma, 10 patients were refractory to most recent prior therapy, and seven patients were previously treated with autologous CD19-targeted CAR T-cell therapy. In the second and third single-dose cohorts of the Monotherapy and Combination Arms comprising a total of 14 patients, 10 of 14 patients achieved an objective response, including seven patients that achieved a complete response, as assessed by PET-CT scan per Lugano 2014 criteria on Day 29 following FT596 dosing. Eight of 10 patients that had not previously received CD19-targeted CAR T-cell therapy achieved an objective response, including five patients that achieved CR. Two of four patients that had previously received CD19-targeted CAR T-cell therapy, both of whom were treated in the Combination Arm, achieved a CR. In the first single-dose cohorts of the Monotherapy and Combination Arms comprising a total of six patients, only one patient achieved an objective response, suggesting dose-response treatment effects for FT596. The ongoing dose-escalation study of FT596 is currently enrolling patients in the fourth single-dose cohort of 900 million cells in each arm."
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FISV | Hot Stocks18:49 EDT Fiserv CEO: We have a great client franchise - In an interview on CNBC's Mad Money, Frank Bisignano said Fiserv is investing heavily in technology and innovating in every vertical. When discussing ValueAct's recent $1.2B position in the company he said, "We're of the same mind as ValueAct and see the same path forward."
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MRWSY | Hot Stocks18:33 EDT WM Morrison board agrees to CD&R's GBp 285 per share takeover bid - The boards of Market Bidco and WM Morrison Supermarkets announced that they have reached agreement on the terms of a recommended cash offer by Bidco for the entire issued and to be issued share capital of Morrisons. The CD&R Offer is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act. Under the terms of the CD&R Offer, each Morrisons Shareholder will be entitled to receive GBp 285 in cash per each Morrisons share. The offer value represents: a premium of approximately 60 per cent. to the Closing Price of 178 pence per Morrisons Share on 18 June 2021; a premium of approximately 59 per cent. to the three month volume weighted average price of 180 pence per Morrisons Share to 18 June 2021, and; a premium of approximately 60% to the six month volume weighted average price of GBp 178 per Morrisons Share to 18 June 2021. The CD&R Offer values the entire issued and to be issued share capital of Morrisons at approximately GBP7B on a fully diluted basis and implies an enterprise value of GBP9.7B. Reference Link
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PAX | Hot Stocks18:28 EDT Patria Investments announces divestment of Alliar - Patria Investments Limited, through its managed investment funds, announces an agreement for the full divestment of Centro de Imagem Diagnosticos S.A. by means of a private sale.
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CBOE | Hot Stocks18:05 EDT Cboe Global Markets increases dividend 14% to 48c per share - Cboe Global Markets has declared an increased quarterly cash dividend of 48c per share of common stock for Q3, a 14% increase from the prior quarter's dividend of 42c per share. The Q3 dividend is payable on September 15 to stockholders of record as of August 31.
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IMPL | Hot Stocks17:40 EDT Impel NeuroPharma CEO buys 20K shares of common stock - In a regulatory filing, Impel NeuroPharma disclosed that its CEO Adrian Adams bought 20K share of common stock on August 18th in a total transaction size of about $270K. Shares of Impel NeuroPharma are up 5.3% in after-hour trading.
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MRIN CRTO | Hot Stocks17:40 EDT Marin Software jumps 29% to $6.20 after integration with Criteo media platform
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MRIN CRTO | Hot Stocks17:38 EDT Marin Software announces integration with Criteo's Commerce Media Platform - Marin Software (MRIN) announced an integration with Criteo's (CRTO) Commerce Media Platform. The integration will allow brands to easily manage and optimize both Criteo Marketing Solution and Retail Media campaigns-from display advertisements on the open web to promoted products on leading retailer websites-all within the MarinOne platform. Criteo will now offer Marin customers access to elements of its Commerce Media Platform, where they can activate and measure their advertising campaigns against the world's largest set of commerce data.
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CANG | Hot Stocks17:37 EDT Cango announces up to $50M share buyback - Cango announced that its board of directors has authorized a new share repurchase program under which the company may repurchase up to $50M worth of its outstanding (i) American depositary shares, each representing two Class A ordinary shares, and/or (ii) Class A ordinary shares over the next 12 months starting from August 26, 2021. On March 2, 2021, the company announced a share repurchase program under which the company may repurchase up to $50M worth of its outstanding ADSs and/or Class A ordinary shares. Pursuant to the Existing Share Repurchase Program, the company had repurchased 5,397,207 ADSs with cash in the aggregate amount of approximately $48.4M up to July 31, 2021.
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GVA | Hot Stocks17:32 EDT Granite granted $25.7M airfield safety enhancement project for Tucson Airport - Granite has been awarded the DBB1 contract by the Tucson Airport Authority as part of their Airfield Safety Enhancements program at Tucson International Airport in Tucson, Arizona. This is the 14th project at TUS awarded to Granite in the past 10 years. The approximately $25.7M contract is anticipated to be included in Granite's Q3 committed and awarded projects. Scope of work includes the construction of the new bypass taxiway including pavement removal, earthwork, electrical, drainage, pavement markings, and landscaping. Projected start date on the project is October 2021, with completion expected in January 2023.
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JNJ | Hot Stocks17:21 EDT Johnson & Johnson names Joaquin Duato as new CEO effective January 3rd - Johnson & Johnson announced that Mr. Alex Gorsky, currently Chairman and CEO, will serve as Executive Chairman of Johnson & Johnson and transition the CEO role to Mr. Joaquin Duato, currently Vice Chairman of the company's Executive Committee, effective January 3, 2022. Following the transition of the CEO role, Mr. Duato will also be appointed as a member of the company's Board of Directors.
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GOVX | Hot Stocks17:14 EDT GeoVax Labs presents COVID vaccine data to induce broader immunity - The company states: "GeoVax Labs presented data from ongoing studies of its preventive vaccine against COVID-19. The presentation titled, "Design of a Universal SARS-CoV-2 Vaccine Against Evolving Variants," was delivered virtually by Mark J. Newman, Ph.D., GeoVax's Chief Scientific Officer, during the European Society of Medicine (ESMED) General Assembly, being held August 19-21 in Berlin, Germany. First-generation SARS-CoV-2 vaccines were rapidly developed and have proven highly efficacious in the human population and were designed to encode the prefusion stabilized Spike protein (S) with the goal of inducing high levels of neutralizing antibodies. However, potential limitations of narrowly focusing on S are becoming apparent with emerging variants that partially escape neutralization by vaccine induced antibodies. Thus, the effectiveness of these vaccines against new SARS-CoV-2 variants and future coronavirus spillover events remains in question. Using its novel Modified Virus Ankara - Virus Like Particle platform, GeoVax has developed a design strategy for vaccines expected to induce broader immunity through inclusion of multiple structural and nonstructural proteins from the target pathogen. The GV-MVA-VLP(TM) platform is known to elicit a balanced humoral and cellular response against a range of immunogens, possibly making immune escape against emerging variants less likely. Expression of the SARS-CoV-2 spike, membrane and envelope proteins by MVA supports the in vivo formation of virus like particles, or VLPs, which induce both antibody and T-cell responses. Incorporation of sequence-conserved nonstructural proteins can provide targets for T-cell responses to increase the breadth and function of vaccine-induced immune responses. This strategy provides the basis for generating a universal vaccine with augmented potential to alleviate the burden of disease caused by circulating coronaviruses." Shares of GeoVax are up 31% afterhours at $5.65.
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HERTF | Hot Stocks17:13 EDT Heritage Cannabis says unaudited sales for July 'hit a monthly record of $3.2M' - Heritage Cannabis Holdings announces that unaudited sales for July 2021 "hit a monthly record of $3.2M, marking the fifth monthly sales record in 2021. The record sales figures for the Company reflect its growing market share, which is correlated to the Company's introduction of innovative products and expanded distribution channels. As sales momentum builds, Heritage remains focused on increasing margins and containing costs. Gross margins for July also achieved a monthly record, while SG&A costs as a percentage of revenue continue to decline from the level reported in the second fiscal quarter. Spending and capital expenditures by the Company are measured by their expected return on investment and ability to generate near-term revenues," saif the company in a statement.
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GD | Hot Stocks17:12 EDT General Dynamics awarded $136.5M Navy contract - General Dynamics was awarded a $136.5M indefinitely-delivery/indefinite-quantity contract to support the consolidation of all Tier 1 information technology help desks and transition them to the managed service provider, GDIT. GDIT will provide service desk as a service using a knowledge-based solution, employing artificial intelligence, machine learning, predictive analytics and natural language processing. FY21 operation and maintenance funds will be used for obligations at the task order level. Concurrent with the award, the first task order will be issued in order to satisfy the minimum guarantee of $5,000 per the terms and conditions of the contract. Funding will expire at the end of the fiscal year. Performance is expected to be completed by August 2025 if all options are exercised. This contract includes a one-year base ordering period and three one-year optional ordering periods, which if exercised, would bring the estimated cumulative value to $136.5M. Pursuant to the Other Transactions Authority of 10 U.S. Code 2371 for prototype projects, this contract is not competitively procured because this is a production contract following the successful completion of the OTA prototype effort that originated in 2019. The Naval Information Warfare Systems Command is the contracting activity.
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PG | Hot Stocks17:11 EDT Procter & Gamble CEO sells 93.5K shares of common stock - In a regulatory filing, Procter & Gamble disclosed that its CEO David Taylor sold 93.5K shares of common stock as part of option expiry on August 17th in a total transaction size of $13.5M, reducing his stake by about 25%.
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AMAT | Hot Stocks16:53 EDT Applied Materials says COVID-19 is a transitory challenge to supply chain - Says experienced strong broad-based demand for semiconductor products and services. Says COVID-19 is a transitory challenge to supply chain. Says there has never been a more exciting time for semiconductor companies. Says time to market acceleration is key to strategy. Says will outperform markets again this year. Says generated strongest revenue in company history in Q3. Says has over 4,300 connected tools. Comments taken from Q3 earnings conference call.
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LUV | Hot Stocks16:51 EDT Southwest, IAM reach tentative agreement for 5,000 customer service workers - Southwest Airlines and the International Association of Machinists and Aerospace Workers have reached a Tentative Agreement for Southwest's more than 5,000 Customer Service Employees. "The parties concluded these negotiations with an agreement designed to reward our hard-working Employees, support future market expansion for Southwest, and increase our overall efficiency," said Vice President of Labor Relations Russell McCrady. "We appreciate the work by both Negotiating Committees, along with the assistance of the National Mediation Board, to get us to this point." The IAM will communicate to its membership the details of the Tentative Agreement and the ratification process.
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AWK | Hot Stocks16:42 EDT American Water acquires village of Livingston water and wastewater systems. - Illinois American Water President Justin Ladner announced the company's acquisition of the Village of Livingston water and wastewater systems. The purchase adds approximately 375 water and 352 wastewater customers to the company's southern Illinois service area. Illinois American Water plans to invest approximately $3.3M in the first five years of ownership to upgrade the Village of Livingston water and wastewater systems. Work will include replacing fire hydrants, outdoor water meters, and water main. A new water tank will also be constructed. Upgrades to security and monitoring equipment are also planned.
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CRI | Hot Stocks16:38 EDT Carter's reinstates share repurchase program - Carter's has reinstated the company's previously suspended share repurchase program. As of August 19, total remaining capacity under outstanding repurchase authorizations is approximately $650.4M. These share repurchase authorizations have no expiration date. The company had previously suspended the common stock share repurchase program in connection with the COVID-19 pandemic.
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STKL | Hot Stocks16:33 EDT SunOpta provides further details on 'mega' plant-based beverage facility - SunOpta announced further details on its new plant-based beverage facility in the Dallas-Fort Worth, Texas, metropolitan area. The new production facility, to be located in Midlothian, Texas, will initially be sized at 285,000 square feet, with the ability to be expanded to 400,000 square feet. When fully expanded, the new facility will be the largest plant in SunOpta's Plant-Based Foods and Beverages network. This new facility, which is expected to be operational in late 2022, will bring up to 185 new high paying manufacturing and management jobs to the community. The city of Midlothian and Ellis County have approved a package of incentives, including a grant that will be awarded by Midlothian Economic Development upon completion of the facility and commencement of operations, and an eight-year tax abatement for a combined value of approximately $7.5 million. The new facility's location in the Dallas-Fort Worth metropolitan area will also further SunOpta's sustainability objectives, significantly reducing emissions through lower transportation usage. The facility will be operated pursuant to a 15-year lease, entered into on August 13, 2021, with customary extension options. The cost of the build-out of the facility is expected to be principally lease financed, with the manufacturing equipment expected to be primarily financed under SunOpta's existing delayed draw term loan, which was put in place in December 2020.
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SHW | Hot Stocks16:33 EDT Sherwin-Williams acquires European industrial coatings business of Sika AG - The Sherwin-Williams Company announced it has signed an agreement to acquire the European industrial coatings business of Sika AG. The transaction is expected to close in the beginning of 2022. Based in Germany with additional sales and technical support in Poland, Austria and Switzerland, Sika's European industrial coating business engineers, manufactures and sells corrosion protection coating systems for high value interior and exterior steel infrastructure, bridges, airport and rail, wind and energy, chemicals, power transmission and stations, interior linings for oil and gas tanks, vessels, and pipework, and water and wastewater applications, along with fire protection coating systems to protect and preserve steel, wood and concrete building components. Sales of the business were approximately CHF 75 million or $82M for the year ended December 31. The acquired business will become part of the Company's Performance Coatings Group operating segment. Approximately 130 Sika employees are expected to join Sherwin-Williams. "This transaction fits our strategy of acquiring complementary, high-quality, differentiated businesses that add to our profitable growth momentum," said Sherwin-Williams Chairman, President and Chief Executive Officer, John G. Morikis. "The business brings us scale, unique technology, a strong sales and marketing team, technical service capabilities, strategically located manufacturing, and leading specification and approval positions, all of which we can leverage further throughout Europe and other regions across the world. Additionally, synergy opportunities give us great confidence in accelerating the already strong financial performance of the business. We look forward to officially welcoming Sika's industrial coating employees to Sherwin-Williams upon the close of the transaction at the beginning of next year."
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CERN... | Hot Stocks16:32 EDT Cerner names David Feinberg, M.D. as CEO, succeeding Brent Shafer - Cerner (CERN) announced that its Board of Directors has appointed David Feinberg, M.D., MBA, as President and CEO, effective October 1. He succeeds Brent Shafer, who previously announced his decision to transition from chairman and CEO. Dr. Feinberg will serve as a member of the Board of Directors. Cerner's current President, Donald Trigg, will leave Cerner. Cerner's Board of Directors also announced that it will separate the roles of chairman and CEO and has appointed William Zollars as independent chairman, also effective October 1. Dr. Feinberg has served in numerous senior leadership roles during his more than 25-year career in healthcare, and joins Cerner from Google (GOOG, GOOGL).
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CRTD | Hot Stocks16:32 EDT Creatd names Jeremy Frommer, Laurie Weisberg co-CEOs - Creatd announced changes to its executive leadership structure, effective as of August 13, 2021. Under the company's newly constituted four-pillar structure, consisting of Creatd's Labs, Partners, Ventures, and Studios segments, Jeremy Frommer and Laurie Weisberg will lead Creatd as co-CEOs. Justin Maury will replace Weisberg in the COO role, while continuing to serve as Creatd's President and overseeing technology development as the head of Creatd Labs; Maury will report directly to Frommer and Weisberg.
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SCHW | Hot Stocks16:30 EDT Charles Schwab announces 5% pay hike for employees - The Charles Schwab Corporation today announced it is implementing a special five percent pay increase for employees "in recognition of their unwavering service to clients and each other throughout the pandemic." "Our teams' focus and dedication have resulted in outstanding results for our clients and growth for the company," said Walt Bettinger, President and CEO, The Charles Schwab Corporation. "This increase is a way to reward our talented employees for their contributions and their relentless commitment to see the world through clients' eyes, even during the most challenging times." In a note to employees on Thursday, the company's Executive Council added, "You all have gone above and beyond to ensure our clients are well cared for, our culture remains strong, and our business remains sound under the most extraordinary circumstances. Thank you once more from all of us on the Executive Council for helping this company live up to its promise." This special increase will be applied to the vast majority of the company's employees, effective late September 2021. It will not include the company's Executive Council or colleagues participating in Schwab's incentive compensation plans. The firm also announced additional steps it is taking to address pandemic concerns and provide workplace flexibility for its employees going forward. In light of current circumstances, the firm has delayed a full Return to Office until January 2022, at the earliest. In the meantime, employees can continue to work from home, or return to the office on a voluntary basis. Once back in the office, Schwab employees will enjoy additional workplace flexibility, based on a hybrid work schedule. Employees will also have the ability to work with their manager to determine an approach that works for their individual situation, should they need additional flexibility.
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WNC | Hot Stocks16:30 EDT Wabash announces $150M increase to stock buyback program - Wabash announced that its Board of Directors has authorized the company to repurchase up to an additional $150M of its common stock through August 2024, representing approximately 20% of the company's current market capitalization. This is an increase to the existing repurchase program approved in November 2018, of which approximately $1M was available as of August 19, 2021.
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DDS | Hot Stocks16:30 EDT Dillard's increases cash dividend 33% to 20c per share - Dillard's declared a cash dividend of 20c per share on the Class A and Class B Common Stock of the company, representing a 5c increase from the prior 15c dividend. The dividend is payable November 1 to shareholders of record as of September 30.
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SRNE | Hot Stocks16:29 EDT Sorrento jumps 7% to nearly $9 after reporting 'strong' DYAI-100 data
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SRNE | Hot Stocks16:23 EDT Sorrento says DYAI-100 elicits 'strong' neutralizing immune responses in animals - Sorrento Therapeutics released a preprint publication detailing preclinical vaccination studies of a new to-be-licensed and developed protein-based COVID-19 vaccination candidate, DYAI-100. The new RBD-based COVID-19 vaccination candidate demonstrated in preclinical studies the potential to elicit potent neutralizing B-cell immune responses against the original SARS-CoV-2 strain and its emerging variants, including Beta and Delta. The generation of a protein-based vaccination candidate that provides protection against the original SARS-CoV-2 virus and emerging VoCs has proved to be challenging. The publication reports the protective neutralizing activities of the sera of vaccinated animals against a broad spectrum of SARS-CoV-2 virus and its major VoCs by immunization with recombinant Spike protein receptor binding domain administered in conjunction with aluminum-phosphate adjuvant intramuscularly. Immunizing mice with RBD protein vaccine with simple aluminum-phosphate adjuvant led to the production of IgG antibodies recognizing the Spike protein of the prototype SARS-CoV-2 as well as the VoCs, such as Alpha, Beta, Gamma, and Delta. RBD protein immunization induced to the activation of a Th1 polarization of CD4 positive T cells. Furthermore, RBD protein immunization produced IgG antibodies in vivo, which exerted high neutralizing activity against live SARS-CoV-2 and the highly transmissible VoCs, Beta and Delta, as well as Gamma to a lesser extent. Thus, DYAI-100 represents a promising COVID-19 vaccination candidate against COVID-19 that may potentially offer broad protective range against emerging VOCs of SARS-CoV-2 virus.
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PSN | Hot Stocks16:17 EDT Parsons awarded $39M three-year contract in Lusail City, Qatar - Parsons was selected by Lusail Real Estate Development Company to provide project management, construction management and site supervision consultancy services for infrastructure, utilities, and landscape projects in Lusail City through a $39M, three-year contract. Lusail City is the largest development currently being undertaken in Qatar, and it will be Qatar's first and largest smart sustainable city.
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GILD | Hot Stocks16:17 EDT Gilead's MMA for lenacapavir validated by EMA - Gilead Sciences announced that the company's Marketing Authorization Application for lenacapavir, an investigational, long-acting HIV-1 capsid inhibitor, has been fully validated and is now under evaluation with the European Medicines Agency. The proposed indication is for the treatment of HIV-1 infection, in combination with other antiretroviral(s), in adults with multidrug resistant HIV-1 infection who are currently on a failing antiretroviral treatment regimen due to resistance, intolerance or safety considerations. The application will be reviewed by the EMA's Committee for Medicinal Products for Human Use under the centralized licensing procedure for all 27 Member States of the European Union, as well as Norway, Iceland and Liechtenstein.
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LAND | Hot Stocks16:15 EDT Gladstone Land acquires citrus groves in Florida for roughly $5.2M - Gladstone Land announced that it has acquired two lemon and orange groves, totaling 617 acres in South Florida for approximately $5.2M. In connection with the acquisition, Gladstone Land entered into a 12-year leaseback agreement with the seller. "We are excited to acquire our first groves in Florida, a state with a long and celebrated citrus history. These groves produce lemons and oranges sold into the juice and fresh markets. Our tenant, the seller, has been very proactive managing the health and production of these groves, and we believe they are well-positioned for the future," said Bill Frisbie, Executive Vice President of Gladstone Land.
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JBSS | Hot Stocks16:11 EDT John B. Sanfilippo & Son names Frank Pellegrino CFO - John B. Sanfilippo & Son, Inc. announced that Frank S. Pellegrino, Executive Vice President, Finance and Administration, and Treasurer of the company, will also be appointed Chief Financial Officer of the Company, effective August 20, 2021. As previously disclosed and in accordance with his succession plan, Michael J. Valentine stepped down from his role as Chief Financial Officer after the filing of the Form 10-K of the company for fiscal year 2021. Also consistent with his succession plan, Valentine remains the Group President and Secretary of the company and will continue as a director of the company.
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KDMN | Hot Stocks16:10 EDT Kadmon says belumosudil 200 mg once daily QD tablets available in U.S. - Kadmon Holdings announced that REZUROCK, belumosudil, 200 mg once daily, QD, tablets is now commercially available for shipment to prescribed patients in the United States. REZUROCK was approved on July 16 by the U.S. Food and Drug Administration, FDA, for the treatment of adult and pediatric patients 12 years and older with chronic graft-versus-host disease, cGVHD after failure of at least two prior lines of systemic therapy. REZUROCK is available through a network of authorized specialty pharmacies and distributors. Amber Specialty Pharmacy, Biologics by McKesson and Onco360 Oncology Pharmacy, the approved specialty pharmacies of REZUROCK, have begun shipping to patients today. "The availability of REZUROCK is a turning point for patients living with cGVHD as they seek new safe and effective treatment options for this debilitating disease," said Harlan W. Waksal, M.D., President and CEO of Kadmon. "It is an honor to bring REZUROCK to the market as it has demonstrated efficacy, a unique safety profile and tolerability benefits which allow patients to stay on therapy long term and achieve meaningful improvement in their everyday quality of life." REZUROCK is the first and only FDA-approved small molecule inhibitor of ROCK2, a signaling pathway that modulates inflammatory responses and fibrotic processes. The FDA approval of REZUROCK was based on clinical results from ROCKstar , a randomized, open-label, multicenter pivotal trial of REZUROCK in patients with cGVHD who had received two to five prior lines of systemic therapy.
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MRKR | Hot Stocks16:07 EDT Marker Therapeutics awarded $13.1M grant from CPRIT - Marker Therapeutics received notice of a Product Development Research award totaling approximately $13.1M from the Cancer Prevention and Research Institute of Texas to support the company's Phase 2 clinical trial of its lead MultiTAA-specific T cell product MT-401. The CPRIT award is intended to support the adjuvant arm of the company's Phase 2 clinical trial evaluating MT-401 when given as an adjuvant therapy to patients with acute myeloid leukemia following a hematopoietic stem cell transplant. The primary objectives of the adjuvant arm of the trial are to evaluate relapse-free survival after MT-401 treatment when compared with a randomized control group. In April 2020, the FDA granted Orphan Drug designation to MT-401 for the treatment of patients with AML following allogeneic stem cell transplant.
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PLSE | Hot Stocks16:06 EDT Pulse Biosciences names Mitchell Levinson as Chief Strategy Officer - Pulse Biosciences announced the appointment of Mitchell E. Levinson to the newly created role of Chief Strategy Officer, effective immediately, in addition to the continuation of his role as a member of the Pulse Biosciences Board of Directors.
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ADBE | Hot Stocks16:05 EDT Adobe to acquire Frame.io in $1.275B deal - Adobe announced it has entered into a definitive agreement to acquire Frame.io, a cloud-based video collaboration platform. With over a million users across media and entertainment companies, agencies, and global brands, Frame.io streamlines the video production process by enabling video editors and key project stakeholders to seamlessly collaborate using cloud-first workflows. Upon close, Frame.io co-founder and CEO Emery Wells and co-founder John Traver will join Adobe. Wells will continue to lead the Frame.io team, reporting to Scott Belsky. The transaction, valued at $1.275B, subject to customary purchase price adjustments, is expected to close during the fourth quarter of Adobe's 2021 fiscal year and is subject to regulatory approval and customary closing conditions. Until the transaction closes, each company will continue to operate independently.
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VXRT | Hot Stocks16:04 EDT Vaxart creates new eight-member Scientific and Clinical Advisory Board - Vaxart has created an eight-member Scientific and Clinical Advisory Board. The Advisory Board, whose first meeting occurred on July 24, is comprised of medical and health care professionals who are vaccine, research, and academic experts in immunology, microbiology, and infectious diseases.
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UNP CAT | Hot Stocks15:31 EDT Union Pacific, Progress Rail partner to reduce greenhouse gas emissions - Union Pacific (UNP) locomotives will be getting a boost of biodiesel fuel. Progress Rail, a Caterpillar (CAT) company, approved the use of up to 20% biodiesel blend in specific EMD locomotive series operated by the railroad. Previously, the locomotives were approved to operate at 5%. The updated fuel recommendation comes after testing high-horsepower locomotives, used for hauling freight long distances, and monitoring performance for things such as fuel consumption, as well as impact on engine oil and fuel filters. Progress Rail is currently undergoing additional testing and development.
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WH | Hot Stocks15:14 EDT Wyndham Hotels & Resorts reinstates share repurchase program - Wyndham Hotels & Resorts announced today that its board of directors approved the resumption of the company's share repurchase program, which has $191M available under its current authorization for repurchase. "Resuming our share repurchase program reflects the Board's continued confidence in our ability to generate significant cash flow and the resiliency of our business model, which continues to lead the industry's recovery and positions us to emerge from the pandemic stronger than before," said Geoffrey Ballotti, president and CEO.
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LAZR APTV | Hot Stocks14:11 EDT Luminar announces Munir Hafez joins company as CIO - Luminar Technologies (LAZR) announced the addition of four industry leaders to help enable its next phase of growth and execution. They bring a combined century of professional experience in the automotive and technology industries. "We're hyper focused on taking Luminar to the next level in this new phase of growth and execution. Each of our new leaders are at the top of their respective fields in the industry, and will be relentlessly driving Luminar towards series production as the new automotive safety and autonomy standard," said Luminar Founder and CEO, Austin Russell. Sardar Gautham joined Luminar to lead business operations and alignment, having most recently served as VP of Strategy and Execution at Waymo. Munir Hafez joins Luminar as Chief Information Officer, CIO, after serving as CIO at Aptiv (APTV) for their autonomous mobility group. Cheryl Zula joined Luminar to lead sourcing and supply chain after serving as a global supply chain and purchasing executive at Stellantis. Alex Vitale joined Luminar to lead corporate development and strategy, having previously served as a managing director and head of San Francisco for GCA, a boutique investment banking firm. Sardar Gautham, Vice President of Business Operations and Alignment: In this role, Sardar will help Luminar scale by driving cross-functional alignment and execution at velocity while also furthering a growth culture. Prior to Luminar, he served as head of hardware strategy & execution at Waymo, Google's autonomous driving technology company. He has successfully scaled three startup companies, and brings two decades of experience in the technical, program and functional management of breakthrough technology products. Before Waymo, he was the vice president of the program management office at Verb Surgical Inc., a medical device joint venture between J&J and Google. Before that, he served in executive roles at GE Healthcare. Gautham holds a B.E. in Electrical Engineering from the University of Madras and an M.S. in Electrical and Computer Engineering from the University of Iowa. Munir Hafez, Chief Information Officer: Munir was appointed Luminar's Chief Information Officer, CIO, after serving as CIO for the autonomous mobility group at Aptiv, a global automotive technology company. Prior to that, he served two years as vice president of strategy and architecture at Aptiv, helping drive data analytics, enterprise architecture, innovation, vendor management and M&A globally. Before Aptiv, he held IT strategy roles at EY, Deloitte and PwC. Munir holds an M.S. in Engineering Management and a B.S. in Electrical Engineering from the Florida Institute of Technology.
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HEAR | Hot Stocks14:01 EDT Donerail says Turtle Beach board rejected increased acquisition offer - The Donerail Group LP, one of the largest shareholders of Turtle Beach Corporation, announced that despite having recently submitted an increased offer to acquire Turtle Beach for all-cash consideration of $36.50 per share, up from its original $34.50 per share bid, the Turtle Beach Board has rejected Donerail's updated acquisition proposal. The $36.50 per share offer would have represented a transaction valued at approximately $615 million, a premium of more than 42% from yesterday's closing price of $25.70, and a premium of over 30% to Turtle Beach's one-month volume weighted average price prior to there being news regarding Donerail's interest in Turtle Beach. In rejecting Donerail's increased all-cash bid, the Board indicated that it would only be willing to re-engage if Donerail were to provide a proposal at a meaningfully higher price.
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ATVI | Hot Stocks13:49 EDT Activision says 'Call of Duty: Vanguard' to launch November 5 - Activision Blizzard said that, starting November 5, players will "turn the tides of war to experience World War II like never before" in the new game "Call of Duty: Vanguard." The game will launch alongside a "seamlessly integrated" new "Warzone" experience coming later this year. "Vanguard delivers the complete package to Call of Duty fans across Campaign, online Multiplayer and Zombies co-operative modes," the company said. "Players will witness the origins of Special Forces as they change the face of history, forming Task Force One in a sprawling World War II narrative campaign spanning the Eastern and Western fronts of Europe, the Pacific, and North Africa. Multiplayer features 20 maps on day one at launch. While Zombies fans will experience a signature undead gameplay experience, marking a franchise-first Zombies crossover for Call of Duty." "Call of Duty: Vanguard" is available for pre-order now. The title is scheduled for release on PlayStation 5 (SONY), PlayStation 4, Xbox Series X S (MSFT), Xbox One, and PC via Battle.net starting November 5. The new "Call of Duty: Warzone" experience will release later this year.
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ESGC | Hot Stocks13:38 EDT ErosSTX confirms expanded strategic output deal with Amazon to South Africa - Eros STX Global (ESGC) and Amazon Prime Video (AMZN) announced yesterday they have closed a multi-year first window output deal in South Africa, effective immediately, ErosSTX confirmed in a press release today. "This deal expands on the existing strategic pan-European output partnership the two companies struck in the UK, France, Italy and most recently Scandinavia, in 2021. At the same time, longstanding South African distributor Empire Entertainment and STX have renewed their theatrical output deal, first struck in 2015," the company stated. "Our strategic decision to maximize the potential of our film slate by partnering with our friends at Amazon has proven to be incredibly effective in European markets, and we look forward to replicating this successful model in South Africa. This growing alliance underpins the significant expansion of our production and acquisitions slate, allowing us to offer even more of the highly commercial filmed entertainment that has become synonymous with the STX brand," said John Friedberg, President of STXinternational.
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FISV | Hot Stocks13:33 EDT Fiserv up 3% to $117.55 after Bloomberg says ValueAct has built over $1B stake - Activist investor ValueAct has built up a $1.2B stake in Fiserv and is said to believe that the company's Clover unit is worth $30B-$45B, with the potential for its value to grow to $185B by 2024, according to Bloomberg.
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AMZN | Hot Stocks13:06 EDT Country Music Awards to livestream exclusively on Amazon Prime Video in 2022 - Amazon Prime Video announced that they will be the home of the 57th Academy of Country Music Awards, which will livestream on the platform in 2022. "The 2022 ACM Awards, produced by MRC's dick clark productions, marks the first time a major awards show has livestreamed exclusively," the announcement stated. Reference Link
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ASTR | Hot Stocks13:00 EDT Astra CEO says authorized to conduct launches out of Kodiak with FAA license - Chris Kemp, the founder, Chairman and CEO of Astra, tweeted earlier: "Thrilled that @Astra now authorized to conduct launches out of Kodiak through 2026 with @FAA launch operator's license!" Reference Link
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MSFT | Hot Stocks12:13 EDT Microsoft to raise commercial pricing for Microsoft 365 - In a blog post, Jared Spataro, Corporate Vice President for Microsoft 365, wrote in part: "Today we are announcing changes to our commercial pricing for Microsoft 365-the first substantive pricing update since we launched Office 365 a decade ago. This updated pricing reflects the increased value we have delivered to our customers over the past 10 years... since introducing Microsoft 365 we have added 24 apps to the suites - Microsoft Teams, Power Apps, Power BI, Power Automate, Stream, Planner, Visio, OneDrive, Yammer, and Whiteboard - and have released over 1,400 new features and capabilities in three key areas... And today, we are announcing that we will add unlimited dial-in capabilities for Microsoft Teams meetings across our enterprise, business, frontline, and government suites over the next few months... The pricing changes we are announcing today will go into effect in six months. On March 1, 2022, we will update our list pricing for the following commercial products: Microsoft 365 Business Basic (from $5 to $6 per user), Microsoft 365 Business Premium (from $20 to $22), Office 365 E1 (from $8 to $10), Office 365 E3 (from $20 to $23), Office 365 E5 (from $35 to $38), and Microsoft 365 E3 (from $32 to $36). These increases will apply globally with local market adjustments for certain regions. There are no changes to pricing for education and consumer products at this time." Reference Link
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FB | Hot Stocks12:09 EDT FTC alleges in amended complaint Facebook pursued 'illegal buy-or-bury scheme' - The Federal Trade Commission confirms it has filed an amended complaint against Facebook in the agency's ongoing federal antitrust case. "The complaint alleges that after repeated failed attempts to develop innovative mobile features for its network, Facebook instead resorted to an illegal buy-or-bury scheme to maintain its dominance. It unlawfully acquired innovative competitors with popular mobile features that succeeded where Facebook's own offerings fell flat or fell apart. And to further moat its monopoly, Facebook lured app developers to the platform, surveilled them for signs of success, and then buried them when they became competitive threats. Lacking serious competition, Facebook has been able to hone a surveillance-based advertising model and impose ever-increasing burdens on its users." The FTC filed the amended complaint today in the U.S. District Court for the District of Columbia, following the court's June 28 ruling on the FTC's initial complaint. The amended complaint includes additional data and evidence to "support the FTC's contention that Facebook is a monopolist that abused its excessive market power to eliminate threats to its dominance," the FTC said. "The FTC's Office of General Counsel carefully reviewed Facebook's petition to recuse Chair Lina M. Khan. As the case will be prosecuted before a federal judge, the appropriate constitutional due process protections will be provided to the company. The Office of the Secretary has dismissed the petition. The Commission vote to authorize staff to file the amended complaint in the U.S. District Court for the District of Columbia was 3-2," the agency stated. Reference Link
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BEKE | Hot Stocks12:00 EDT KE Holdings falls -14.6% - KE Holdings is down -14.6%, or -$2.91 to $17.07.
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TUYA | Hot Stocks12:00 EDT Tuya falls -15.1% - Tuya is down -15.1%, or -$1.84 to $10.31.
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RKLY | Hot Stocks12:00 EDT Rockley Photonics falls -16.3% - Rockley Photonics is down -16.3%, or -$1.63 to $8.37.
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BBWI | Hot Stocks12:00 EDT Bath & Body Works rises 7.4% - Bath & Body Works is up 7.4%, or $4.39 to $63.68.
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STVN | Hot Stocks12:00 EDT Stevanato Group rises 8.1% - Stevanato Group is up 8.1%, or $1.62 to $21.80.
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M | Hot Stocks12:00 EDT Macy's rises 15.5% - Macy's is up 15.5%, or $2.81 to $20.88.
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FB | Hot Stocks11:58 EDT Facebook reviewing FTC amended complaint, 'will have more to say soon' - Facebook stated via its "Newsroom" account on Twitter: "We are reviewing the FTC's amended complaint and will have more to say soon." Reference Link
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UBER LYFT | Hot Stocks11:54 EDT Cathie Wood says not invested in gig economy space, 'yet' - ARK Invest's Cathie Wood is speaking on CNBC.
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HOOD | Hot Stocks11:49 EDT Cathie Wood would not object to Robinhood raising capital for acquisition - ARK Invest's Cathie Wood is speaking on CNBC.
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HOOD | Hot Stocks11:49 EDT Robinhood does not need to raise funds, Cathie Wood says - ARK Invest's Cathie Wood is speaking on CNBC.
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FB | Hot Stocks11:43 EDT FTC refiles antitrust complaint against Facebook, temporarily under seal - The Federal Trade Commission has filed an amended antitrust complaint against Facebook in the U.S. District Court for the District of Columbia and requested that the Clerk of the Court file the FTC's unredacted First Amended Complaint under seal for ten calendar days from the date of this Court's order on its related motion. "The FTC has both good cause and a compelling reason to file an unredacted version of its First Amended Complaint temporarily under seal. Before bringing this action, the FTC conducted a non-public investigation into the anticompetitive conduct through which Facebook maintained its monopoly power in the market for personal social networking services in the United States. The FTC's First Amended Complaint includes certain information related to this conduct that Facebook, Inc. and/or third parties designated as 'confidential' during the course of the investigation. Before the FTC publicly discloses such information in a law enforcement proceeding, the FTC must afford the providing parties an 'opportunity to seek an appropriate protective or in camera order.' In addition, the FTC's First Amended Complaint references statistics calculated based on data obtained from third parties that is not publicly available and may be commercially sensitive," the complaint and a related order filed with court stated.
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XLE | Hot Stocks11:40 EDT Cathie Wood says energy sector 'in harm's way' due to technology - ARK Invest's Cathie Wood is speaking on CNBC.
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EA... | Hot Stocks11:11 EDT Electronic Arts announces NHL 22 for current and next-gen consoles October 15 - Electronic Arts announces EA SPORTS NHL 22 is coming to next-gen consoles PlayStation 5 and Xbox Series X S, as well as PlayStation4 and Xbox One, on October 15. "Now powered by the Frostbite engine, every real-world player and arena will have unrivaled visual detail, while the addition of Superstar X-Factors will elevate the league's biggest stars with an all-new layer of class-based play," the company stated.
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UBCP | Hot Stocks11:06 EDT United Bancorp raises quarterly dividend to 14.75c per share - On August 18, 2021, the Board of Directors of United Bancorp declared a third quarter dividend payment of 14.75c per share for shareholders of record on September 10, 2021 with a payment date of September 20, 2021. This payment is greater than the regular cash dividends paid in the first and second quarters of the current year, which were 14.25c and 14.50c respectively. With this third quarter dividend payment and year-to-date, UBCP has paid total cash dividends of 53.50c, which is an increase of 10.75c, or 25%, over the amount paid during the same period the previous year. At the third quarter payment level, the regular cash dividend produces a forward yield of 4.14% based on the market value at the most recent quarter end.
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OTRK | Hot Stocks11:03 EDT Ontrak sinks 37% to $13.30 after disclosing customer loss
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SHWZ | Hot Stocks11:03 EDT Schwazze announces Star Buds home delivery service in Colorado - Schwazze announces the launch of its cannabis product home delivery service to residences in the city of Aurora beginning today. Aurora home delivery service will start from its Star Buds Montview retail dispensary location at 10100 E. Montview Boulevard. Orders may be placed online at https://www.starbuds.us/colorado with an option to select home delivery services for those residing in the Aurora area. The delivery service is available to any personal residences located within the city limits of Aurora, in which the Star Buds Montview location currently serves. The launch of the delivery service from Star Buds Montview is the first phase of a home delivery offering for the Star Buds dispensaries in Colorado. The second phase, expected later this year, will include deliveries from the Star Buds Arapahoe location at 14655 E. Arapahoe Road, also based in Aurora.
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MET | Hot Stocks11:02 EDT MetLife raises U.S. minimum wage to $20 an hour - MetLife announced that it is increasing its investment in its employees and strengthening their financial security by raising its U.S. minimum wage to $20 an hour.
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OTRK | Hot Stocks11:01 EDT Ontrak notified by customer of intent not to continue program - In a regulatory filing, Ontrak disclosed that on August 18, 2021, the company was notified by a customer of their intent not to continue the program past December 31, 2021. "We believe the notification was for reasons specific to the customer's corporate shift in strategic direction, and is not reflective of the performance or value of the program generally. From the inception of the contract in July 2020, we have billed this customer approximately $42 million of the previously expected 3-year $90 million contract. We do not expect this decision to have a material negative impact on our previously stated revenue and margin expectations for FY 2021 and the decision does not materially change our existing outreach pool. We currently expect our diversified portfolio of remaining customers under existing contracts to contribute nearly $50 million of revenue in 2022, an increase of 62% from their expected 2021 contributions, and we believe our fast growing pipeline of national and regional health plans, providers, healthcare systems and employers will materially contribute to 2022 revenue. As of today, we have over $97 million of cash on hand and are in compliance with our debt covenants with Goldman Sachs, with whom we have maintained a strong relationship. We believe that the recently released Ontrak Treatment Effect Study showing statistically significant cost savings, improved utilization and return on investment, validates the continued efficacy of the Ontrak program and is resonating with current and potential customers. Our newly strengthened management team's investment in technology infrastructure, expanded product portfolio for multiple lines of business, and new care pathways, is expected to drive significant growth," the filing stated.
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GE | Hot Stocks10:56 EDT GE Aviation announces $716M order from Hindustan Aeronautics - GE Aviation announced that Hindustan Aeronautics Limited ordered F404 engines to power the single-engine Tejas Light Combat Aircraft. Valued at $716M, the order includes 99 F404-GE-IN20 engines and support services.
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CP... | Hot Stocks10:52 EDT CP 'applauds' KCS board action to adjourn stockholder meeting - Canadian Pacific Railway (CP) issued the following statement on the Kansas City Southern (KSU) Board of Directors' action to postpone its Aug. 19 special meeting of stockholders to Sept. 3: "By rightly postponing Thursday's meeting, the KCS Board of Directors appropriately will allow stockholders to have access to all the information needed before voting on the CN-KCS merger proposal, including the critical decision by the Surface Transportation Board on the Canadian National (CNI) proposed voting trust. Delaying the stockholder vote also means KCS stockholders won't become locked into a CN-KCS combination and then unable to consider other, better options like CP's Aug. 10 proposal, which remains outstanding. The STB has said it will issue its voting trust decision by Aug. 31. CP has urged the STB not to approve CN's proposed use of a voting trust because CP believes that the trust would be anti-competitive and not in the public interest. CP-KCS is the only true end-to-end Class 1 combination that serves the public interest 'preserving and enhancing' competition for customers and enabling a stronger North American rail network connecting Canada, the United States and Mexico. CP-KCS is a superior combination that has a path to approval and deal certainty for the KCS shareholders. CP also believes that once the STB rules on the CN voting trust proposal, the Aug. 10 CP offer ought to be deemed superior as the CP-KCS combination has regulatory certainty as a result of the STB's approval for CP's use of a voting trust."
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TPX | Hot Stocks10:32 EDT Mattress Firm announces extension of sales partnership with Tempur Sealy - Mattress Firm announced that it has signed a multi-year extension through 2025 to its current supply agreement with Tempur Sealy International.
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GRUB YNDX | Hot Stocks10:14 EDT Grubhub, Yandex Self-Driving Group launch robot delivery tech at OSU - Grubhub (GRUB)and Yandex Self-Driving Group (YNDX) will roll out delivery via Yandex's robots at its first college campus - The Ohio State University. More than 60,000 hungry Buckeyes will be able to order their favorite foods from on-campus dining locations via the Grubhub app and have them delivered by one of 50 Yandex robots operating at the OSU campus in a fast and cost-effective way. The rovers operate from 9 a.m. to 9 p.m. seven days a week. Students can request robots to deliver food to every residence hall on campus as well as Thompson Library and Bricker Hall.
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INTC | Hot Stocks10:11 EDT Intel CEO tells WSJ company is 'willing buyer' of other chipmakers - Intel CEO Pat Gelsinger said in an interview with The Wall Street Journal's Asa Fitch and Cara Lombardo that he is committed to buying other chip-makers as the industry consolidates. "There will be consolidation in the industry. That trend will continue, and I expect that we're going to be a consolidator." Gelsinger is quoted as having said, adding that he plans to use mergers and acquisitions to support the company's revival plan. Reference Link
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UAL... | Hot Stocks10:11 EDT United Airlines announces access to COVID testing locations through mobile app - United (UAL) customers can access even more COVID testing locations, including more than 3,000 new Walmart (WMT) and Albertson Companies (ACI) locations across the U.S., through the airline's website and mobile app in the Travel Ready Center. Customers can now easily book COVID-19 testing appointments at more than 3,800 total testing providers powered by Accenture technology and the CLX Health's TrustAssure network and have their results delivered within 4 to 48 hours of their test and directly submitted to United's website and mobile app to be reviewed for their flight.
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INTC | Hot Stocks10:08 EDT Intel unveils 'biggest shifts in architectures in a generation' - In an opinion editorial from Raja Koduri, senior vice president and general manager of the Accelerated Computing Systems and Graphics Group at Intel Corporation, the executive stated: "Today, we unveiled our biggest shifts in Intel architectures in a generation. This includes the first in-depth look at Alder Lake, our first performance hybrid architecture with two new generations of x86 cores and the intelligent Intel Thread Director workload scheduler; Sapphire Rapids, Intel's new standard-setting data center architecture with our new Performance-core and various accelerator engines; our new discrete gaming graphics processing unit architecture; new infrastructure processing units; and Ponte Vecchio, our tour-de-force data center GPU architecture with Intel's highest ever compute density. These architectural breakthroughs set the stage for our next era of leadership products, starting soon with Alder Lake. The breakthroughs we disclosed today also demonstrate how architecture will satisfy the crushing demand for more compute performance as workloads from the desktop to the data center become larger, more complex and more diverse than ever." Reference Link
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KSU CNI | Hot Stocks10:05 EDT Kansas City Southern adjourns special meeting of stockholders until Sept. 3 - Kansas City Southern (KSU) announced that it has convened and adjourned the Special Meeting of Stockholders for KCS stockholders to vote on the previously announced definitive merger agreement with CN (CNI) and other proposals until 9:00 a.m., Central Time, on September 3, 2021. All stockholders of record of KCS common stock and KCS 4% non-cumulative preferred stock as of the close of business on July 1, 2021 will be entitled to vote their shares at the Special Meeting. CN and KCS' joint voting trust application is currently under review by the Surface Transportation Board. The company previously announced that if the STB had not released a public decision by August 17, 2021, at 6:00 p.m., Central Time, the Special Meeting would be adjourned to give all stockholders and the KCS Board time to receive and consider the STB decision. On August 10, 2021, the STB announced that it expects to issue a decision on the use of the CN voting trust no later than August 31, 2021. KCS and CN are confident that the voting trust meets all the standards and the public interest test set forth by the STB and believe that it should be approved. KCS stockholders will receive the merger consideration immediately upon the closing of the voting trust, which is also subject to receipt of KCS stockholder approval and Mexican regulatory approvals.
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SCR | Hot Stocks10:03 EDT Score Media selects Waterfront Innovation Centre as site for headquarters - Score Media and Gaming and Menkes Developments together with partner BentallGreenOak announced that they have entered into an agreement for theScore to lease an 80,000-square-foot space in the Waterfront Innovation Centre, an office and retail development property in downtown Toronto. The Company will occupy more than 85-percent of The Exchange, one of two buildings that make up the state-of-the-art complex. theScore is headquartered in Toronto with roots in the city that date back to 1997. This new expansive office space will house theScore's rapidly growing workforce and accommodate its accelerating business operations, including the highly anticipated rollout of online sports betting in Canada.
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SBSW | Hot Stocks10:00 EDT Sibanye Stillwater falls -8.3% - Sibanye Stillwater is down -8.3%, or -$1.37 to $15.07.
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TUYA | Hot Stocks10:00 EDT Tuya falls -10.8% - Tuya is down -10.8%, or -$1.31 to $10.84.
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BEKE | Hot Stocks10:00 EDT KE Holdings falls -14.1% - KE Holdings is down -14.1%, or -$2.83 to $17.16.
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HNP | Hot Stocks10:00 EDT Huaneng Power rises 7.7% - Huaneng Power is up 7.7%, or $1.15 to $16.16.
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CANO | Hot Stocks10:00 EDT Cano Health rises 8.2% - Cano Health is up 8.2%, or 81c to $10.73.
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M | Hot Stocks10:00 EDT Macy's rises 8.2% - Macy's is up 8.2%, or $1.48 to $19.55.
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NNOX | Hot Stocks09:48 EDT Nano-X Imaging down after reporting request for additional information from FDA - Shares of Nano-X Imaging are down $1.08, or 5%, to $22.60 in early trading after the company disclosed in a regulatory filing earlier that on August 12, 2021, the company received a request for additional information from the U.S. Food and Drug Administration concerning the company's last 510(k) submission of its multi-source device, Nanox.ARC. "The submission file is placed on hold pending a complete response to the FDA's list of deficiencies. The company's response is due within 180 days from the date of the request for additional information. The company plans to respond by the due date which is 180 days from the date of the request for additional information. The company expects to continue to optimize and develop further features of Nanox.ARC and is considering submitting an additional 510(k) application for the next version of multi-source Nanox.ARC during the fourth quarter of 2021, which will benefit from the FDA's feedback on the first version of the multi-source Nanox.ARC," the filing stated.
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TUYA | Hot Stocks09:47 EDT Tuya falls -5.9% - Tuya is down -5.9%, or -72c to $11.43.
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VSCO | Hot Stocks09:47 EDT Victoria's Secret falls -8.0% - Victoria's Secret is down -8.0%, or -$5.72 to $65.97.
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BEKE | Hot Stocks09:47 EDT KE Holdings falls -11.6% - KE Holdings is down -11.6%, or -$2.32 to $17.66.
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CANO | Hot Stocks09:47 EDT Cano Health rises 6.0% - Cano Health is up 6.0%, or 60c to $10.52.
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M | Hot Stocks09:47 EDT Macy's rises 6.8% - Macy's is up 6.8%, or $1.23 to $19.30.
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HNP | Hot Stocks09:47 EDT Huaneng Power rises 7.3% - Huaneng Power is up 7.3%, or $1.10 to $16.11.
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TM | Hot Stocks09:42 EDT Toyota announces adjustments to domestic production due to parts shortage - Toyota has announced adjustments will be made to production operations of plants for completed vehicles in Japan, such as parts shortage resulting from the spread of COVID-19 in Southeast Asia. "This is in addition to the adjustment of domestic production operations in August 2021 announced on July 22 and July 27. We sincerely apologize for the inconvenience caused to our customers and suppliers due to these changes," Toyota stated in its notice that detailed the adjustments in further detail. Reference Link
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BMY | Hot Stocks09:35 EDT Bristol-Myers announces European Commission approval for Abecma - Bristol Myers Squibb announced that the European Commission has granted Conditional Marketing Authorization for Abecma, a first-in-class B-cell maturation antigen-directed chimeric antigen receptor T cell immunotherapy, for the treatment of adult patients with relapsed and refractory multiple myeloma, who have received at least three prior therapies, including an immunomodulatory agent, a proteasome inhibitor and an anti-CD38 antibody and have demonstrated disease progression on the last therapy. "Abecma is the first and only CAR T cell therapy approved that is directed to recognize and bind to BCMA, a protein that is nearly universally expressed on cancer cells in multiple myeloma, leading to the death of BCMA-expressing cells.1 Abecma is delivered via a single infusion with a target dose of 420 x 106 CAR-positive viable T cells within a range of 260 to 500 x 106 CAR-positive viable T cells. Abecma is approved for use in all European Union member states," the company stated.
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MGM GMVHF | Hot Stocks09:33 EDT BetMGM partners with Liv Hospitality for sports betting in South Dakota - BetMGM announced an exclusive partnership with Liv Hospitality's Tin Lizzie Gaming Resort and Cadillac Jack's Gaming Resort, offering future retail and mobile sports betting in Deadwood. The Deadwood Sports Betting Legalization Amendment was approved by voters on Nov. 3, 2020, authorizing the South Dakota State Legislature to legalize sports betting within the city. Pending regulatory approval, the BetMGM mobile app will be accessible within both Tin Lizzie Gaming Resort and Cadillac Jack's Gaming Resort beginning next month. The mobile app will complement a retail BetMGM Sportsbook that will include kiosks and counter wagering.
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MAPS | Hot Stocks09:31 EDT Weedmaps announces multiyear partnership with Kevin Durant, Thirty Five Ventures - Weedmaps announced a multi-year agreement with Kevin Durant and Thirty Five Ventures as well as a sponsorship deal with Boardroom. The company said in a statement: "As part of Weedmaps' mission to power a transparent and inclusive global cannabis economy, this strategic partnership will aim to further deconstruct the negative stereotypes associated with cannabis while elevating the conversation around the plant's potential for athlete wellness and recovery." Weedmaps will become an official sponsor of Thirty Five Ventures' sports business media network, Boardroom, as part of the agreement. In addition to its sponsorship agreement, Boardroom will collaborate with Weedmaps to produce an original content series, which is tentatively slated for debut in 2022.
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XXII | Hot Stocks09:31 EDT 22nd Century appoints Anthony Johnson to board of directors - 22nd Century Group announced the appointment of Anthony Johnson to its Board of Directors. Mr. Johnson will serve as a member of the Board's Scientific Advisory and Compensation Committees. Mr. Johnson is co-founder, President, and CEO of Kodikaz Therapeutic Solutions, a world-class next-generation non-viral gene therapy company.
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CSSE PUBGY | Hot Stocks09:30 EDT Crackle Plus signs branded entertainment deal with APX Content Ventures - Chicken Soup for the Soul Entertainment announced that Crackle Plus has partnered with APX Content Ventures, a division of Publicis Media, to serve as the co-production and brand-integration partner for the new Crackle original interview series, Inside the Black Box. Produced by Landmark Studio Group, Inside the Black Box is hosted by esteemed acting coach Tracey Moore, and multi-award-winning veteran television, film, and stage actor Joe Morton, Inside the Black Box is slated to begin production on 10 one-hour episodes in October with an anticipated Q1 2022 premiere date, exclusively on Crackle.
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VYNT | Hot Stocks09:28 EDT Vyant Bio, Cyclica enter collaboration to identify compounds to treat CDD - Vyant Bio and Cyclica announced a non-exclusive strategic collaboration combining Vyant Bio's patient-derived complex organoid biology alongside Cyclica's proteome-wide, Artificial Intelligence enabled discovery platform to identify new treatments for CDKL5 Deficiency Disorder, a severe neurodevelopmental epilepsy disorder with no effective treatments or cure. Vyant Bio's human-first approach to novel drug discovery incorporates patient biology into the earliest steps of the process with highly functional, disease-based neural organoids, while Cyclica's proprietary machine learning platforms marry knowledge and structure-based approaches to find novel targets, uncover new uses for existing drugs, and design new molecules with therapeutic potential. Combined, the technologies aim to identify, validate, and progress new targets as well as new and existing compounds for streamlined and de-risked CDD-based drug discovery.
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KSS | Hot Stocks09:26 EDT Kohl's plans to repurchase $500M-$700M of shares in 2021
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VRSK | Hot Stocks09:18 EDT Verisk Analytics selected by MSR to aid life insurers accelerate underwriting - Management Research Services, or MSR, is integrating Verisk's groundbreaking proprietary voice analytics into its telephone medical interviews to help flag potential tobacco users early and streamline the underwriting workflow. MRS is implementing Verisk's Tobacco Usage Propensity Model, which uses artificial intelligence and machine learning to analyze audio interviews. Recorded with the customer's consent, the cutting-edge audio analysis can flag probable tobacco users. MRS will then apply the rules it has developed, based on Verisk's model output, to identify a small percentage of applicants who may require lab testing to verify their tobacco usage status, while enabling the vast majority of applicants to bypass lab testing. Verisk's use of predictive analytics on emerging data assets such as voice analysis is poised to enhance underwriting accuracy as well as customer experiences while also helping insurers achieve greater straight-through processing at the point of sale.
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KSS LVMUY | Hot Stocks09:16 EDT Kohl's CEO notes 'very successful' launch of Sephora digital experience
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SNOA | Hot Stocks09:16 EDT Sonoma Pharmaceuticals jumps 96% to $10.63 after expanding dental care line - Shares of Sonoma Pharmaceuticals are up 96% at $10.63 per share after the company announced that it is expanding its dental care line in U.S and Switzerland. The stock is also the highest trending ticker on StockTwits in terms of message volume this morning.
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KSS | Hot Stocks09:15 EDT Kohl's to pilot self return, self pickup this fall
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KSS | Hot Stocks09:13 EDT Kohl's completing long-term milestones sooner than expected, says CEO
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LESL | Hot Stocks09:11 EDT Leslie's appoints James Ray to board of directors - Leslie's announced that it has appointed James R. Ray, Jr. to its Board of Directors. He recently retired from Stanley Black & Decker in November 2020 as President, Global Engineered Fastening Business Unit after joining the company in 2013 and serving in various leadership roles.
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BDRBF | Hot Stocks09:11 EDT Bombardier launches myMaintenance App for Smart Link Plus aircraft program - Bombardier today announced the launch of its new myMaintenance App, an exclusive tool to support customers subscribed to the Smart Link Plus connected aircraft program. Smart Link Plus subscribers now have the unique ability to make real-time in-flight data-driven decisions to effectively track, troubleshoot, and manage their aircraft service needs. Thanks to the new, user-friendly myMaintenance App, aircraft data is easily accessible, enabling flight and maintenance crews to quickly and efficiently prioritize and proactively troubleshoot aircraft in-flight fault notifications, increasing an aircraft's operational efficiency. Aircraft data displayed in the intuitive myMaintenance App is available anytime, anywhere on any personal electronic device.
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HTBX | Hot Stocks09:10 EDT Heat Biologics announces new addition to biothreat advisory board - Heat Biologics announces the following additions to its newly formed Biothreat Advisory Board: Andrew Weber, Former Assistant Secretary of Defense for Nuclear, Chemical & Biological Defense Programs; and Dr. Gregory Koblentz, Associate Professor at George Mason University and leading expert on chemical and biological weapons. These individuals join David Lasseter, Former Deputy Assistant Secretary of Defense for Countering Weapons of Mass Destruction, and Former US Representative Jack Kingston, who also serves as the Secretariat of the Alliance for Biosecurity. Andy Weber is a Senior Fellow at the Council on Strategic Risks' Janne Nolan Center on Strategic Weapons. Dr. Gregory D. Koblentz is an Associate Professor and Director of the Biodefense Graduate Program at George Mason University's Schar School of Policy and Government.
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LOTZ | Hot Stocks09:09 EDT CarLotz launches first major brand campaign - CarLotz announced it has launched its first major brand campaign. Inspired by the company's own values and mission to create the world's best vehicle buying and selling experience, the campaign is designed to increase brand awareness and introduce people to the world's smartest way of buying and selling used cars, through its unique consignment model. The campaign launched the week of August 2nd with out-of-home, radio and digital. Television, additional video content, sponsorships, local activations, influencer marketing and in-hub displays will follow in the coming weeks.
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KSS | Hot Stocks09:09 EDT Kohl's: Digital sales increased 35% vs. 2Q19 - Says Q2 overall sales "exceeded expectations." Comments taken from Q2 earnings conference call.
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DSX | Hot Stocks09:09 EDT Diana Shipping announces results of self tender offer - Diana Shipping announced the final results of its tender offer to purchase up to 3,333,333 shares of its common stock, par value of US$0.01 per share, at a price of US$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 the final count by Computershare Trust Company, N.A., the depositary for the tender offer, the total number of shares tendered in the tender offer was 7,189,985.48 shares. Because the tender offer was oversubscribed, the number of shares that the Company purchased from each tendering shareholder was prorated so that the Company purchased a total of 3,333,333 shares in the tender offer for an aggregate purchase price of US$15,000,000.
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PVAC LONE | Hot Stocks09:08 EDT Penn Virginia announces increased borrowing base - Penn Virginia Corporation announced an increase to the Company's borrowing base under its revolving credit facility pursuant to its regularly scheduled fall redetermination. Upon closing of the merger with Lonestar Resources US and subject to the terms of the amendment, Penn Virginia's borrowing base under its revolving credit facility will increase to $600 million with aggregate elected commitments of $400 million. The Lonestar merger is expected to close in the second half of 2021.
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GM T | Hot Stocks09:06 EDT General Motors, AT&T collaborate on high performance 5G core network - General Motors (GM) and AT&T (T) will bring 5G cellular connectivity to millions of GM vehicles coming off the assembly line over the next decade in the United States. GM and AT&T are working together to set the benchmark for automotive connectivity with a fifth generation cellular network architecture to meet the needs of an all-electric and autonomous future. GM and AT&T are collaborating to build a high performance 5G core network that delivers a new standard. Network enhancements will include: Improved roadway-centric coverage; Faster music and video downloads with higher quality; Faster, more reliable, and secure over-the-air software updates; Faster navigation, mapping, and voice services. 5G connectivity will first be available in select model year 2024 vehicles. Additionally, through GM's fifth generation network, current 4G LTE-equipped model year 2019 and newer vehicles will experience faster connectivity speeds and many of the same performance benefits of future 5G-equipped vehicles. Current Chevrolet, Buick, GMC and Cadillac owners in the U.S. with 4G LTE-capable model year 2019 and newer vehicles will easily migrate to the new network infrastructure once available. This rollout is part of GM and AT&T's broad strategy to launch the world's largest fleet of 5G-enabled vehicles and the culmination of a two-year collaboration, including test-driving connected vehicles in GM's 5G proving grounds in Milford, Michigan.
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VZ | Hot Stocks09:06 EDT Verizon explores Quantum Safe VPNs for hacker protection - Verizon is testing how a Quantum Safe Virtual Private Network can enhance protection of data today in order to thwart hackers in the future. As quantum computers become more advanced, they will have the potential to break today's public key encryption ciphers. Theoretically, hackers could capture data riding on networks today and store it until quantum computers have the power to break the encryption. It's a little like stealing a bank safe today and holding on to it until someone discovers how to pick the lock. Verizon, and others, believe the key to safeguarding information will be a Quantum Safe VPN. This technology uses session key exchange security mechanisms or cryptographic ciphers that can provide a higher level of protection. Essentially, it's a solution that enhances encryption methodologies today in order to make them even more difficult to hack tomorrow. In a recent trial, Verizon successfully tested how a Quantum Safe VPN can replace the current public key encryption methods to establish encryption keys using Post Quantum Cryptography. Keys or ciphers were exchanged between two private 5G networks located in Verizon's 5G Lab in London and its Executive Briefing Center in Ashburn, VA. The goal of this trial was to demonstrate that early adoption of PQC could prepare today's data from tomorrow's attacks. The US National Institute of Standards and Technology is working on a global effort to find PQC algorithms that will be fast and trustworthy, but finalization and integration of the NIST PQC standards may take many years. In the meantime, tests like this demonstrate it is possible to implement NIST PQC cryptography candidates on infrastructure links now with the ability to easily migrate as needed between the different PQC candidates.
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SRGA | Hot Stocks09:05 EDT Surgalign announces issuance of US patent covering AI in medical imaging - Surgalign announced that the United States Patent and Trademark Office recently issued a patent covering a machine learning system for automated segmentation of a three-dimensional bony structure in a medical image. The granted patent expands and further strengthens the company's HOLO AI technology portfolio. "This patent is a foundational element of how we harness technology and data to power our digital surgery platform," said Terry Rich, Surgalign's president and chief executive officer. "While 'artificial intelligence' and 'machine learning' have become buzzwords that are often misused, misrepresented, and misunderstood, at Surgalign AI is a core competency and a key element of our efficient and highly valuable approach to improving patient's lives."
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CMTL | Hot Stocks09:05 EDT Comtech gets contract with a Canadian tier-one mobile network operator - Comtech Telecommunications announced that during its fourth quarter of fiscal 2021, it was awarded a contract with a Canadian tier-one mobile network operator to supply 5G location services. Comtech is honored to announce this further international expansion of our 5G service offerings. We continue to expand our 5G footprint globally in support of the larger capacity and faster speeds it provides to end users, supporting innovation in public safety and other businesses," said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunication.
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ATNF | Hot Stocks09:04 EDT 180 Life Sciences announces $15M private placement - 180 Life Sciences announced that it has entered into securities purchase agreements with certain institutional investors to raise approximately $15.0 million through the private placement of 2,500,000 shares of its common stock and accompanying warrants to purchase an aggregate of up to 2,500,000 shares of common stock at a combined purchase price of $6.00 per share and accompanying warrant. The warrants will be exercisable immediately at an exercise price of $7.50 per share and will expire five years from the date of issuance. The closing of the private placement is expected to occur on August 23, 2021, subject to the satisfaction of certain customary closing conditions set forth in the securities purchase agreements.
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SRNE | Hot Stocks09:04 EDT Sorrento Therapeutics's Scilex announces expansion of Ztildo care coverage - Scilex, a subsidiary of Sorrento Therapeutics, announced that, effective September 1, 2021, ZTlido 1.8% has been added to multiple formularies, including two national PBMs, a national health plan and two regional health plans - thereby expanding coverage by up to 33M lives. ZTlido is indicated for relief of pain associated with post-herpetic neuralgia, also referred to as post-shingles pain. "With this expansion, up to 65% of lives nationally have covered or better access to ZTlido, with a reduction in need for prior authorization," said Jaisim Shah, President and Chief Executive Officer of Scilex Holding Company. "ZTlido provides fast and significant PHN pain relief that can be sustained over time - without the trade-offs associated with other widely used options, notably impaired cognition and weight gain, and analgesic tolerance and risk of addiction. 1-4 In fact, ZTlido can be used in combination to optimize gabapentinoids by delivering additive, remarkable pain relief without adding to systemic adverse events - and the combination has the potential to reduce the use of opioids."
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PPC | Hot Stocks09:03 EDT Pilgrim's Pride announces offering of senior unsecured notes - Pilgrim's Pride Corporation announced that it is offering, subject to market conditions, up to $750.0 million in aggregate principal amount of senior unsecured notes. Each of the Company's domestic wholly-owned restricted subsidiaries that guarantee the Company's secured credit facility will guarantee the Notes. The Company intends to use the net proceeds from the offering of the Notes, together with borrowings under the delayed draw term loan under its secured credit facility, to finance its previously announced acquisition of the Meats and Meals businesses of Kerry Consumer Foods in the United Kingdom and Ireland and to pay related fees and expenses. The remaining proceeds will be used to repay outstanding revolver borrowings under the secured credit facility and for general corporate purposes.
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FUBO | Hot Stocks09:03 EDT FuboTV Acquires exclusive Serie A and Coppa Italia rights for Canada - fuboTV that it has acquired the exclusive rights for Coppa Italia and the exclusive English language rights for Serie A in Canada. The two new multi-year agreements bolster fuboTV's leading position as the premier soccer streaming platform in Canada with top-tier soccer content along with other linear sports and entertainment channels. Terms of the deal were not disclosed. The Coppa Italia agreement includes a minimum of 41 live matches per season from the annual Italian cup competition plus the Supercoppa Italiana. All matches will stream exclusively in Canada on fuboTV. fuboTV's coverage is in partnership with sports marketing agency S&T Sports Group. fuboTV will also be the exclusive English language home of Italy's Serie A, one of the world's top soccer leagues, in Canada. The agreement has been brokered by Infront, the exclusive international media rights partner of Lega Serie A in Canada. Serie A consists of 380 matches annually with fuboTV's coverage beginning August 21.
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QRTEA | Hot Stocks09:02 EDT Qurate Retail's QVC launches on SLING TV - QVC has debuted on SLING TV. QVC is the only livestream shopping channel on SLING, which is available on most internet-connected devices, including: streaming media players, phones and tablets, smart TVs, laptops and computers and gaming consoles. QVC is part of Qurate Retail.
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GWRE | Hot Stocks09:02 EDT Guidewire acquires HazardHub, terms undisclosed - Guidewire has acquired HazardHub, an insurtech provider of API-driven property risk insights to the P&C insurance industry. HazardHub powers decisions for 110+ organizations, including insurers, reinsurers, brokers, MGAs, and other insurtechs. Insurers use HazardHub to underwrite with confidence, micro-segment rating zones and manage risks. HazardHub's team of geographic information systems, or GIS, data engineering, data science, hazard specialists, and technology veterans have 100+ years of combined experience creating, modeling, and deploying large geospatial databases.
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LWSCF | Hot Stocks09:02 EDT Sienna Senior Living launches Sienna Ownership and Reward program - Sienna Senior Living announced the launch of the Sienna Ownership and Reward program, which will award common shares of the Company to all employees who have been with the Company for one year or longer. Pursuant to the program, Sienna will provide every eligible employee with the opportunity to become a shareholder, with full-time employees awarded approximately $500 of Common Shares and part-time employees awarded approximately $300 of Common Shares. As the only such employee ownership and reward plan in the Canadian seniors living sector, the SOAR program is an investment in building a stronger future for our employees and residents alike. With team members as owners in Sienna, we will collectively deepen the shared commitment to the Company's purpose - ensuring Canadian seniors age with the dignity and respect they deserve. SOAR is expected to involve an approximate initial $3 million investment in connection with the issuance of approximately 185,000 new Common Shares to eligible employees. As part of this program, we will be offering educational opportunities to support their participation and decisions as owners. Sienna is also introducing an employer matching program for employees who wish to further invest in and grow the Company together. The implementation of the SOAR program and awards of Common Shares to team members require, and are subject to, the Toronto Stock Exchange and shareholder approval.
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WYNN | Hot Stocks09:02 EDT Wynn Resorts integrating Wynn Rewards program into online betting platforms - WynnBET's Wynn Rewards program is being integrated into its online platforms. Through this customer experience driven program, WynnBET and Wynn Resorts patrons will be able to earn rewards through mobile, desktop and on-property play. WynnBET players can choose whether they prefer to redeem rewards for online play or hotel room stays, meals and in-person experiences as well as on-property play at Wynn & Encore Las Vegas and Encore Boston Harbor.
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JAGX | Hot Stocks09:00 EDT Jaguar Health subsidiary signs crofelemer, lechlemer license agreement - Napo Pharmaceuticals, the wholly owned subsidiary of Jaguar Health, announced the signing of a license agreement with Napo's Italian subsidiary, Napo EU S.p.A., to study, develop, and commercialize Napo's plant-based crofelemer and lechlemer drug product candidates in the European Union and in specified non-EU countries in Europe for specific indications. Per the terms of the license agreement, Napo will receive payment of up to $10M as the initial license fee and is eligible to receive additional payments related to milestones, royalties, and product transfers.
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XCEL | Hot Stocks08:57 EDT Xcel Energy announces Bob Frenzel as CEO, Tim O'Connor as COO - Xcel Energy announced that Bob Frenzel has been appointed president and CEO of the company. Ben Fowke, the current chairman and CEO will remain at Xcel Energy as executive chairman of the Board of Directors. Tim O'Connor was also named executive vice president and chief operations officer. Bob Frenzel, President & CEO, "I am humbled and honored today to take over as CEO of Xcel Energy. It's been a privilege to work alongside Ben for the last five years. I am grateful for his leadership, vision and careful stewardship of this great company. This is an exciting time to be in the energy industry, and I look forward to leading us into the future with a focus on our strategic priorities, including being an agile and innovative company and our commitment to elevating the customer experience," said Frenzel. Frenzel joined Xcel Energy as chief financial officer in 2016, leading the company's finance, tax, accounting and corporate development functions, as well as its subsidiary companies. He was named president and chief operating officer in March 2020, where he oversaw Xcel Energy's four operating companies, along with its transmission, distribution and natural gas operations.
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LTRN | Hot Stocks08:56 EDT Lantern Pharma's LP-184 shows positive preclinical data in glioblastoma - Lantern Pharma reported that a successful preclinical study has shown its drug candidate LP-184 is able to inhibit tumor growth and improve survival in animal models of glioblastoma, or GBM. LP-184 treatment induced tumor regression evidenced by greater than 106% tumor growth inhibition in two subcutaneous xenograft models of GBM. LP-184 also prolonged survival in mice bearing an intracranially implanted tumor model of GBM, as compared with those that did not receive any drug substance. Intravenous administration of LP-184 over two cycles reduced subcutaneous xenograft tumor volume in mice by greater than 85% within the treatment group. In the orthotopic GBM xenograft tumor model in mice, a single cycle of LP-184 resulted in a statistically significant extension of median overall survival in the LP-184-treated group - 42 days - versus the control group -33 days -. Lantern expects to further refine the dosing regimen and cycle in the next phase of work with the expectation that additional improvements in survival can be translated into human clinical trials. Data from this study will be used to power future insights and analyses provided by RADR, in addition to further enhancing the signature of response for LP-184 in genomically-defined GBM. Additionally, these findings are expected to support Lantern Pharma's orphan drug designation application to the FDA for the use of LP-184 in the treatment of glioblastoma. Based on these observations, Lantern recently extended and expanded its collaborative agreement with Kennedy Krieger Institute and Johns Hopkins. The objectives of the expanded agreement include further validation of in-silico and other experimental results that support the observation that LP-184 can be an effective treatment in GBM regardless of MGMT status of the cancer.
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DE | Hot Stocks08:55 EDT Deere, Hitachi Construction Machinery to end joint venture agreements - John Deere announced it has agreed with Hitachi Construction Machinery to end the Deere-Hitachi joint venture manufacturing and marketing agreements. John Deere and Hitachi will enter into new license and supply agreements, which will enable John Deere to continue to source, manufacture, and distribute the current lineup of Deere-branded excavators in the Americas. As a result of the new agreements, the following changes will go into effect on Feb. 28, 2022, contingent upon regulatory approval. John Deere will acquire the Deere-Hitachi joint-venture factories in Kernersville, NC; Indaiatuba, Brazil; and Langley, British Columbia, Canada. John Deere will continue to manufacture Deere-branded construction and forestry excavators currently produced at the three Deere-Hitachi factories. These locations will discontinue production of Hitachi-branded excavators. John Deere will continue to offer a full portfolio of excavators through a supply agreement with Hitachi. John Deere's marketing arrangement for Hitachi-branded construction excavators and mining equipment in the Americas will end; Hitachi will assume distribution and support for these products. The agreement is subject to the receipt of certain required regulatory approvals as well as certain other customary closing conditions.
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TPR | Hot Stocks08:46 EDT Tapestry sees FY22 comparable sales up mid-teens percentage range - Sees FY22 capital expenditures $220M. Sees FY22 tax rate 18.5%. Says China remains long-term opportunity for Stuart Weitzman. Says despite volatile environment, sees a strong consumer. Says wants to invest and grow digital in FY22. Says driving growth in China and growing men's segment also priorities in FY22. Comments taken from Q4 earnings conference call.
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DXC | Hot Stocks08:40 EDT DXC Technology announces Chris Drumgoole as COO - DXC Technology announced that Chris Drumgoole has been named Executive Vice President and Chief Operating Officer reporting to Mike Salvino, DXC President and CEO, effective immediately. Drumgoole joined DXC as Chief Information Officer n March of 2020.
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BIOC | Hot Stocks08:39 EDT Biocept says study shows CNSide detected tumor cells in lung cancer patients - Biocept announced that new data show the company's cerebrospinal fluid assay, CNSide, detected tumor cells and identified actionable mutations in lung cancer patients with leptomeningeal carcinomatosis, allowing for targeted treatment decisions that may improve outcomes and extend life expectancy. The study will be presented as a poster at the Third Annual Conference on Brain Metastases hosted by the Society for Neuro-Oncology being held virtually Aug. 19-20. More than 198,000 patients are diagnosed with non-small cell lung cancer each year. An estimated 3-9% of those patients will develop leptomeningeal carcinomatosis , a complication in which the cancer spreads to the membranes surrounding the brain and spinal cord. LMC is typically diagnosed through clinical evaluation, imaging and cytology, which have limited sensitivity. When left untreated, the average patient life expectancy is just four to six weeks. The retrospective study, conducted at the University of Utah Huntsman Cancer Institute, used Biocept's CNSide assay to detect and analyze tumor cells in the cerebrospinal fluid of 15 unique patients. Of the samples analyzed, CNSide detected tumor cells in 100% of samples with LMC, while cytology detected tumor cells in just 40% of the samples. CNSide also identified actionable biomarkers in tumor cells, which allowed oncologists to make targeted treatment decisions that reduced debilitating symptoms and extended patient lives by more than three years in some cases. The study results suggest that CNSide is more sensitive than cytology, and survival of patients with LMC can be prolonged if an actionable target is identified and treated.
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BLIN | Hot Stocks08:36 EDT German education product provider selects Bridgeline's NLP site search - Bridgeline Digital announced today that a top distributor of education supplies in Germany had selected Bridgeline's site search software to ease the customer journey through their extensive catalog. The distributor signed a three-year agreement valued at approximately $100,000 to deploy Bridgeline NLP Site Search on its B2B eCommerce site that services Germany's school systems.
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MIGI | Hot Stocks08:36 EDT Mawson Infrastructure appoints Hetal Majithia as CFO - Mawson Infrastructure Group announces it has appointed Hetal Majithia as Chief Financial Officer. Hetal has over 10 years' experience as a chartered accountant, having worked previously at PwC and KPMG in Australia and the United Kingdom respectively. Hetal has an Economics degree from the University of Southampton and is a member of the Institute of Chartered Accountants in England and Wales. Hetal Majithia, CFO of Mawson, said, "Mawson Infrastructure is building a large, global business and I'm thrilled to be a part of the team. The industry is moving rapidly and it is exciting to be on this journey with Mawson." James Manning, CEO and Founder of Mawson, said, "We are delighted to have appointed Hetal as CFO of Mawson. Hetal brings a wealth of experience from her days at PwC and KPMG, and has already demonstrated her ability to add value to our growing business. As we expand our global operations over the coming years, building a robust and talented team is critical to our success."
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MRM | Hot Stocks08:35 EDT Medirom Healthcare reports 314 salons in July - MEDIROM Healthcare Technologies announced its major Key Performance Indicators, or KPIs, updated for the month of July 2021. Data is provided for all salons for which comparative financial and customer data is available and excludes certain salons where such information is not available. The following monthly KPIs provide insight into the business fundamentals and progress of the Company, updated for the month of July 2021. The number of salons was 314 in July 2021, up from 288 in the year-ago period, primarily as a result of the acquisition of another brand in May 2021. Total customers served were 70,912 in July 2021 versus 60,964 in July 2020, a 14.6% increase due to a recovery from the COVID-19 impact. This is the largest number of total customers served we have ever recorded in a single month. Sales per customer increased to JPY 6,498 in July 2021, up from JPY6,276 in July 2020. The increase is attributed to the upselling of value-added optional services. Our repeat ratio, a measure of repeat customers, was 81.0% in July 2021, almost no change from July 2020. Our operation ratio recovered from the COVID-19 impact to 48.1% in July 2021, increasing from 43.3% in the year-ago period.
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M | Hot Stocks08:34 EDT Macy's sees improvements to supply constraints by no earlier than mid-2022
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ZEAL | Hot Stocks08:34 EDT Zealand Pharma announces first patient dosed in Phase 3b trial of glepaglutide - Zealand Pharma announced dose administration for the first subject in the Phase 3b trial, EASE-SBS 4, evaluating glepaglutide, the company's long-acting GLP-2 analog, which is being investigated as a potential treatment option for short bowel syndrome. "SBS is a debilitating disease with limited current treatment options," said Adam Steensberg, Executive Vice President and Chief Medical Officer at Zealand Pharma. "We are committed to making a difference for people living with SBS and, as such, our goal with glepaglutide is to reduce the need for parenteral support so that patients can achieve nutritional goals through the course of everyday activities. This particular trial has been designed to assess the long-term direct effects of glepaglutide on intestinal fluid and energy uptake." EASE-SBS 4 is an open-label single-center Phase 3b trial investigating the long-term effect on intestinal absorption, nutritional status and long-term safety of administration of glepaglutide in patients with short bowel syndrome. This trial is part of Zealand's EASE-SBS Phase 3 program for glepaglutide.
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DSP | Hot Stocks08:34 EDT Viant appoints Lisa Harrington as Chief Legal Officer - Viant Technology announced the appointment of Lisa Harrington as Chief Legal Officer and Corporate Secretary, reporting to CEO Tim Vanderhook. In this newly created role, Harrington will oversee all aspects of legal affairs and serve on Viant's Executive Committee. Harrington brings over twenty-five years of experience in legal matters spanning technology, media, commerce, consumer products, and entertainment. Prior to joining Viant, Harrington served in several senior legal positions across multiple industries, including General Counsel for Comcast/NBCUniversal's digital division, Fandango, and other global Fortune 100 companies. She currently serves on the Board of University of Southern California Gould School of Law Alumni Association and the Association of Media and Entertainment Counsel and has served as an executive board director and secretary of the Association of Corporate Counsel, and on the Women Lawyers Association of Los Angeles board.
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M | Hot Stocks08:33 EDT Macy's has seen 'strong' start to back-to-school season, CEO says
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GRVI | Hot Stocks08:33 EDT Grove signs Letter of Intent for the acquisition of Interactive Offers - Grove announced the signing of a Letter of Intent for the acquisition of Interactive Offers. Interactive Offers provides programmatic advertising with its SAAS platform and has served the FinTech space with success over the last several years. The SAAS platform allows for programmatic ad placement automatically on any partners' sites from a simple dashboard. The addition of Interactive Offers' SAAS platform is expected to improve Grove's product sales and CBD Brand business in addition to providing a stand-alone technology division and in-house ad service platform. The platform and advertising advantage Grove adds with this transaction gives it the ability to scale its most recent VitaMedica acquisition and any additional brands acquired going forward. The contemplated acquisition is expected to be completed within the next 30 days pending completion of due diligence and definitive agreements. Allan Marshall, Chief Executive Officer of Grove, stated, "Interactive Offers has a brilliant platform, development team, and management. When it comes to SaaS, they check off every box, creating a streamlined process for advertisers and publishers alike. The technology is set up and designed for ease of use and efficiencies in deliverability and reporting across email, native ads, and display. It not only fills a void for our brands but gives all of our clients a unique ad platform that they can take advantage of immediately. With the new revenue accretive Adtech Technology division we will look to grow our current Brands and additional Brands we acquire in the future. Along with partnerships for advertising resources it made sense for us to acquire our own platform for future growth in Brands and the Advertising vertical itself."
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MNR EQC | Hot Stocks08:32 EDT Monmouth confirms receipt of unsolicited acquisition proposal from Starwood - Monmouth Real Estate Investment Corporation (MNR) confirmed that it has received a revised, unsolicited acquisition proposal from Starwood Capital Group. Under the terms of Starwood's revised proposal, its affiliate Starwood Real Estate Income Trust, Inc. would acquire 100% of the outstanding equity of Monmouth for net cash consideration of approximately $19.20 per share of Monmouth common stock. This reflects a stated per share purchase price of $19.93 per share, reduced by the termination fee that would be payable by Monmouth to Equity Commonwealth (EQC), or EQC, of approximately $72 million, or $0.73 per share, if Monmouth terminates the amended merger agreement it previously entered into with EQC in accordance with its terms to accept the new Starwood proposal. On August 16, 2021, Monmouth and EQC announced that they had entered into an amendment to their previously announced definitive merger agreement pursuant to which EQC has agreed to acquire Monmouth for $19.00 per share, based on EQC's closing price of $26.65 per share on August 13, 2021, in a combination of cash and stock at the election of Monmouth shareholders. The EQC transaction is valued at approximately $3.4 billion, including the assumption of $857 million of mortgage debt and the repayment of the $550 million of Monmouth's 6.125% Series C Redeemable Preferred Stock and Monmouth's outstanding line of credit and term loan. Consistent with its fiduciary duties and in consultation with its financial and legal advisors, Monmouth's Board of Directors is evaluating Starwood's revised, unsolicited proposal and has not made any determination as to what action to take in response at this time. Monmouth's Board of Directors intends to respond to the proposal in due course and remains committed to acting in the best interests of the Company and its shareholders.
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MF MDLZ | Hot Stocks08:32 EDT Missfresh partners with Mondelez to deliver new Oreo Zero cookies in China - MissFresh (MF) and Oreo's parent company Mondelez (MDLZ) have partnered to debut Oreo's new range of sugar-free sandwich cookies - Oreo Zero - on MissFresh's on-demand retail platform. To mark the Oreo Zero launch and boost sales, MissFresh held an Oreo Super Brand Day on August 17. MissFresh has worked with Mondelez for several years.
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TX VALE | Hot Stocks08:32 EDT Ternium in MoU with Vale to find fix on cutting CO2 emissions in steel making - Ternium (TX) has signed a memorandum of understanding, MoU, with Vale (VALE) in which both agreed to pursue opportunities to develop steelmaking solutions focused on reducing CO2 emissions. Ternium and Vale intend to develop economic feasibility studies of potential investments in (i) an iron ore briquetting plant located at Ternium Brasil facility; and plants to produce metallic products with low carbon footprint, using Tecnored, HYL and other technologies for iron reduction. This initiative contributes to achieving Vale's commitment to reduce 15% of net Scope 3 emissions by 2035. Additionally, Vale seeks to reduce its absolute Scope 1 and 2 emissions by 33% by 2030 and achieve neutrality by 2050, in line with the Paris Agreement, leading the evolution process towards low carbon mining. Mr. Maximo Vedoya, Ternium's Chief Executive Officer and Mr. Eduardo Bartolomeo, Vale's Chief Executive Officer, attended the MoU signing ceremony on August 18th. As per his speech, Mr. Bartolomeo affirmed "This is an important milestone in our roadmap to provide low carbon solutions to the steel industry and we are glad to engage with Ternium on this journey. We are making progress with our commitment to Society and to the Paris Agreement's targets, supported by innovative technologies, a high-quality, world-class portfolio of iron ore, critical to the low-carbon transition. We are well-positioned to lead the path to reduce Scope 3 emissions as we support the decarbonization of the steelmaking industry through joint initiatives with our clients."
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BYRN | Hot Stocks08:31 EDT Byrna Technologies acquires assets of Ballistipax, terms not disclosed - Byrna Technologies announced that it has acquired the assets of Ballistipax, a developer of single-handed rapidly deployable bulletproof backpacks. As part of the transaction, Byrna has acquired several Ballistipax trademarks, two patents, finished goods and raw materials inventory, as well as other assets. Byrna funded the acquisition with cash on hand. Terms of the transaction were not disclosed.
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INOV | Hot Stocks08:30 EDT Inovalon trading resumes
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GILT | Hot Stocks08:29 EDT SES awards Gilat Satellite multi-million dollar contract for broadband applicati - Gilat Satellite Networks announced that SES awarded Gilat a multi-million-dollar contract for multiple broadband applications in Latin America. Gilat's multi-service platform will support SES in cellular backhauling, enterprise and Universal Service Obligation projects, as SES extends services into Latin America with the deployment on new regional hubs. Gilat's multi-service single platform, SkyEdge II-c and its wide set of fine-tuned VSATs enable satellite connectivity throughout Latin America's most remote regions, for a wide variety of applications. Gilat's robust networks enable cellular backhaul for mobile operators, connectivity for government and enterprise applications and multiple education projects in support of closing the gap of the digital divide
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EBET | Hot Stocks08:28 EDT Esports Technologies files patent for AI-powered odds modeling system - Esports Technologies has filed a provisional patent application for a technology that uses artificial intelligence to generate odds models for use in a betting algorithm for esports tournaments and various stages of a tournament. The system uses machine learning and advanced quantitative methods to generate odds instantly for any number of esports match and tournament types, as well as for different stages of the match or tournament for proposition bets, and a variety of betting markets. The filing contemplates a system where bettors can wager on teams throughout a tournament and while games are being played. Examples of bets that could be made with this technology include which team will place in the top three, or outside the top five, or what round the team will make it to.
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M | Hot Stocks08:27 EDT Macy's sees 'strong' back half of 2021
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M | Hot Stocks08:26 EDT Macy's cites supply chain constraints, tight labor market as ongoing headwinds
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CYDY | Hot Stocks08:25 EDT CytoDyn gives update on Rosenbaum/Patterson Group litigation - The Board of Directors of CytoDyn issued the following statement regarding the continued efforts of an activist group led by Paul Rosenbaum and Bruce Patterson "to mislead shareholders and engage in an unlawful proxy contest to replace a majority of the Company's Board," said the CytoDyn board. "Over the past week, the Rosenbaum/Patterson Group has made several SEC and court filings related to its attempt to unlawfully effectuate a hostile takeover of CytoDyn's Board. These filings continue the pattern of selective disclosures, misrepresentations and falsehoods that have characterized the Group's efforts to date. The Group's new disclosures were intended to retroactively rectify certain violations and omissions we have previously raised - indicating a tacit admission that the Group previously willfully failed to properly disclose material information to shareholders. Shareholders should be asking themselves what else the Rosenbaum/Patterson Group is seeking to hide, and what other critical facts they could be withholding that they simply haven't been forced to publicly reveal yet? The Group indirectly admitted that its initial proxy statement was materially misleading to investors. As evidence of this, the Group's proxy filings include over a dozen pages with corrective and new disclosures. Would these disclosures ever have been made if the Group had not been forced by our lawsuit to correct its misrepresentations?," said the board.
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HJLI | Hot Stocks08:24 EDT Hancock Jaffe Laboratories presents two-year post-VenoValve implantation data - Hancock Jaffe Laboratories announced that two-year post-VenoValve implantation data is being presented at the Society for Vascular Surgery, or SVS, annual meeting in San Diego. Reflux, the backwards flow of blood, decreased from an average of 1.95 to an average of .72, a 63% improvement. Disease manifestations decreased from an average of 13.38 to an average of 5.38. Pain decreased from an average of 7.25 to an average of .50, an improvement of 93%. There were no safety issues or venous ulcer recurrences. The data reported is for a group of eight patients that participated in the VenoValve first-in-human study and who agreed to participate in a one-year post study follow-up. Three additional first-in-human patients elected to not participate in the one-year post study follow-up, but reported no negative VenoValve-related events during the one-year follow-up period. The average post-VenoValve implantation time for this cohort of patients is two years, and the comparative results are based on pre-VenoValve levels compared to the patients' most recent office visit.
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AGFMF | Hot Stocks08:23 EDT AGF Management, SAF refine long-term partnership - AGF Management Limited announced an evolution of its strategic partnership with the SAF Group following the successful launches of two connected offerings, AGF SAF Private Credit Limited Partnership and AGF SAF Private Credit Trust. This partnership is focused on providing investors access to unique private alternative opportunities leveraging AGF's operations and distribution reach coupled with SAF's private credit investment management expertise. AGF began partnering with SAF in 2014 with AGF acting as a cornerstone investor in Stream Asset Financial Management Limited Partnership. AGF has subsequently also invested in the SAF Jackson Private Debt SPV and further expanded the relationship with the launch of the private credit funds earlier this year. The distribution agreement between AGF and SAF positions both firms well to capitalize on the expected growth in private credit investments by combining the expertise of SAF Group, one of Canada's leading alternative capital providers, with AGF's operational scale and expertise, strong brand, product innovation, client servicing and distribution excellence. In conjunction with the previously announced fund launch, AGF and SAF have agreed to a definitive agreement along with a distribution arrangement as an alternative to AGF exercising its option to acquire management contracts of select SAF funds.
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FPRGF OR | Hot Stocks08:17 EDT Falco Resources confirms receipt of Stream Advance Payment - Falco Resources (FPRGF) announced that it has received payment from Osisko Gold Royalties (OR) of the stream payment advance of C$10M, which as previously announced corresponds to an advance of half of the C$20M second instalment payable by Osisko under its silver stream agreement with the Company. The Stream Advance Payment will be used for the development of the Horne 5 Project and for general corporate purpose.
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SLDB | Hot Stocks08:15 EDT Solid Biosciences reports inducement grant to SVP, finance - Solid Biosciences announced the grant of inducement awards to its newly appointed Senior Vice President, Finance, Michael Inbar. The grant was approved by a majority of the independent directors of the Company on July 27, 2021 as an inducement material to Mr. Inbar entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The inducement grant to Mr. Inbar consisted of an option to purchase up to 118,000 shares of common stock and a restricted stock unit award with respect to 59,000 shares of common stock. The option has a ten-year term and an exercise price of $2.51 per share, the closing price per share of Solid Biosciences' common stock as reported by Nasdaq on August 16, 2021. The option and restricted stock unit award each vest in four equal installments on each one-year anniversary of Mr. Inbar's employment start date until the fourth anniversary of Mr. Inbar's start date, subject to Mr. Inbar's continued service with the Company through the applicable vesting dates.
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XERS | Hot Stocks08:15 EDT Xeris Pharmaceuticals announces three new formulation technology patents granted - Xeris Pharmaceuticals announced that it has recently been granted three new patents relating to its formulation technology platforms. The U.S. Patent and Trademark Office granted U.S. Patent Nos. 10,987,399 and 11,020,403 to Xeris, and the China Intellectual Property Office granted Chinese Patent No. ZL201580042185.5 to Xeris. The US '399 patent covers storage-stable formulations of pramlintide, and the US '403 patent covers storage-stable formulations of benzodiazepines, both using Xeris' proprietary XeriSol formulation technology. The Chinese '185.5 patent covers pre-filled syringes containing a variety of active pharmaceutical ingredients, using Xeris' proprietary XeriJect(TM) technology. These patents, and related patent applications that are pending in these and other patent offices around the world, also cover the uses of such products in treating a variety of diseases and disorders including diabetes. "Our strategy as a platform company is to patent early and often to continue to strengthen our position as a product development and formulation company. These new patent grants represent a significant expansion of Xeris' intellectual property portfolio and help us to continue to invest in our innovation into life-saving therapies that can benefit patients worldwide," said Paul R. Edick, Chairman and Chief Executive Officer of Xeris Pharmaceuticals. "With the recent opening of our Research & Development center in Chicago, led by our Chief Scientific Officer and Xeris co-founder Dr. Steve Prestrelski, we anticipate that we will continue to develop and bring to the market novel solutions for treating and preventing a variety of human diseases and disorders, improving the quality of life for our patients and their families." The granting of these patents expands the size of Xeris growing patent portfolio, bringing the total number of patents granted to Xeris worldwide to 121 . In addition to these new patent grants, Xeris has 120 patent applications pending worldwide, and expects to receive patent grants on several of those pending applications within the next several months. These patent grants, which provide Xeris the right to exclude others from making, selling, and using its proprietary technologies, will provide patent protection to Xeris on its proprietary pharmaceutical products for at least the next decade. All patents are owned by Xeris.
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M | Hot Stocks08:14 EDT Macy's paying close attention to Covid variants, CEO says
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SLDB SYRS | Hot Stocks08:14 EDT Solid Biosciences appoints Michael Inbar as SVP, finance - Solid Biosciences (SLDB) announced that Michael Inbar, CPA, MBA, has joined the Company as Senior Vice President, Finance, effective August 16, 2021. Most recently, he served as VP, Accounting and Corporate Controller at Syros Pharmaceuticals (SYRS), a clinical stage biopharmaceutical company specializing in the discovery and development of medicines to treat rare diseases and cancer, where he was responsible for all aspects of the accounting and finance operations.
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M | Hot Stocks08:14 EDT Macy's: Pandemic 'still very much a reality' moving into 2H - Comments taken from Q2 earnings conference call.
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M | Hot Stocks08:13 EDT Macy's announces omnichannel partnership with Toys"R"Us - Macy's earlier announced a partnership with WHP Global to bring together Macy's and Toys"R"Us. Toys"R"Us kids of all ages can now shop an expansive assortment online and in more than 400 Macy's stores nationwide rolling out in 2022. "As a Toys"R"Us kid, I could not be more excited to bring this beloved brand that so many of our customers know and love into Macy's online and to our stores across America," said Nata Dvir, Macy's chief merchandising officer. "Our toy business grew exponentially in the past year, with many families looking to inspire their children's imagination and create meaningful moments together. Toys"R"Us is a globally recognized leader in children's toys and our partnership allows Macy's to significantly expand our footprint in that category, while creating more occasions for customers to shop with us across their lifestyles."
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GS | Hot Stocks08:12 EDT Goldman Sachs AM, Charlesbank Capital to acquire majority of MDVIP - MDVIP announced that the Private Equity business within Goldman Sachs Asset Management and Charlesbank Capital Partners have entered into a definitive agreement to acquire majority ownership of MDVIP from Leonard Green & Partners and Summit Partners. The transaction is expected to close in Q4 following receipt of customary regulatory approvals. Financial terms were not disclosed.
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M | Hot Stocks08:12 EDT Macy's, WHP Global team to offer Toys"R"Us products online - Macy's announced a partnership with WHP Global to bring together two of America's most beloved brands, Macy's and Toys"R"Us. Toys"R"Us kids of all ages can now shop an expansive assortment online from the most globally recognized leader in toys at macys.com/toysrus and in more than 400 Macy's stores nationwide rolling out in 2022. Macy's and WHP Global partner to bring universally beloved Toys"R"Us brand back to American shoppers. "As a Toys"R"Us kid, I could not be more excited to bring this beloved brand that so many of our customers know and love into Macy's online and to our stores across America," said Nata Dvir, Macy's chief merchandising officer. "Our toy business grew exponentially in the past year, with many families looking to inspire their children's imagination and create meaningful moments together. Toys"R"Us is a globally recognized leader in children's toys and our partnership allows Macy's to significantly expand our footprint in that category, while creating more occasions for customers to shop with us across their lifestyles."
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BCTX | Hot Stocks08:10 EDT BriaCell, ImaginAb announce collaboration to evaluate imaging technology - BriaCell Therapeutics jointly announces a multi-year, non-exclusive license agreement with ImaginAb. Under the terms of the agreement, ImaginAb will supply clinical doses of its market leading CD8 ImmunoPET technology to BriaCell for use in a study implemented as part of BriaCell's ongoing Phase I/IIa study with Incyte in metastatic or locally recurrent breast cancer patients. Specifically, ImaginAb will receive license fees and payments for providing ongoing technical, clinical, and regulatory support to enable the successful implementation of its CD8 ImmunoPET technology. No other terms are disclosed. The CD8 ImmunoPET technology allows whole body visualization of increased CD8 T cells, especially those infiltrating and attacking tumors. BriaCell will use the technology to provide a readout of both safety and efficacy of its novel cancer immunotherapy.
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MFON | Hot Stocks08:09 EDT Mobivity's Trusted Redemption Technology awarded patent - Mobivity Holdings announced that the United States Patent & Trademark Office has awarded Mobivity's Trusted Redemption technology U.S. Patent 10,949,868, allowing brick and mortar brands to accurately accept and track omnichannel coupon redemptions at the point of sale without requiring POS system integration. Available via its SmartMessage and Unified Offers solutions, Mobivity's patented Trusted Redemption technology enables marketers to tie every text, email, push notification, broadcast and social media offer and message to an in-store transaction, which enables precise calculation of return on marketing spend. Built-in capabilities for capturing date, time, location and offer in real-time enables a seamless guest experience while providing accurate promotion attribution and preventing coupon fraud and abuse.
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MRM | Hot Stocks08:08 EDT Medirom expects to release 2021 interim earnings around end of October - MEDIROM Healthcare Technologies announced its intention to release interim financial results for the six months ended June 30, 2021 at or around the end of October 2021.
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JWEL | Hot Stocks08:08 EDT Jowell Global announces partnership with Suzhou Wujiang Hope Bio-Technology - Jowell Global announced that the company is developing a cooperative relationship with Hope Bio-Technology and has signed a strategic partnership agreement with its affiliate, Suzhou Wujiang Hope Bio-Technology. Pursuant to the Agreement, the parties will cooperate in research and development of new immune cell-technologies for skincare products, cosmetics, and health and nutritional supplements, with a focus on in-depth collaboration in the cutting-edge cellular technology. Zhiwei Xu, Chief Executive Officer and Chairman of Jowell Global, commented: "With this partnership, Hope Bio-Tech will be conducting research and development on cell technologies for the skincare products, cosmetics, and health and nutritional supplements, utilizing its biotech, immune-cell, and stem cell R&D teams to efficiently develop and launch a new generation of skincare products with cell-related technology for the Company. The partnership with Hope Bio-Tech will help us expand into high-end cosmetic products market. We firmly believe that bio cell technology in skincare and cosmetic products will provide our customers top quality product experience and effective results."
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NOK | Hot Stocks08:07 EDT Nokia announces Nokia Bell Labs 5G Secured Networks course - Nokia announced a new professional level 5G course and certification aimed at network security. The Nokia Bell Labs 5G Secured Networks course is part of Nokia's program to train and certify industry professionals on 5G technology, from network access to application management. The newly launched Nokia Bell Labs 5G Secured Networks course addresses the vulnerabilities faced by all industries, governments and individuals to secure 5G systems. Given that 5G is becoming a key element of emerging mission-critical Industry 4.0 solutions, securing 5G networks has moved to the forefront as an industry imperative, for which comprehensive end-to-end solutions are needed.
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SAIC | Hot Stocks08:07 EDT SAIC awarded $664M in intelligence and space contracts - Science Applications International has secured $664M in fiscal year 2022 second quarter contract awards by space and intelligence community organizations, including a program providing digital and systems engineering solutions for intelligence and defense agencies worth $355M. Most of these contracts serve customers in the intelligence community and classified space domain that rely on SAIC for highly-specialized expertise in digital engineering as well as cloud, artificial intelligence, cybersecurity, technology integration, engineering, IT modernization and mission operations. This quarterly total also includes a previously-announced $90M award by the U.S. Air Force Life Cycle and Management Center, Force Protection Division to help the U.S. Department of Defense Combatant Commands mitigate small unmanned aircraft systems threats and protect U.S. forces. "These awards underscore the confidence our customers hold in SAIC," said Michael LaRouche, president of SAIC's National Security and Space Sector. "We are a recognized leader in delivering solutions across government and feel privileged to support these intelligence and classified space community missions. We look forward to continuing to help our customers harness the power of digital engineering, cloud, AI, cybersecurity innovation and more with new ideas, bold objectives, and innovative solutions to meet their extremely complex challenges."
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BEEM | Hot Stocks08:06 EDT Beam Global deploys EV ARC EV charging system in City of Racine, Wisconsin - Beam Global announced that the City of Racine in Wisconsin has deployed an EV ARC solar-powered EV charging system for use by City fleet electric vehicles. The system was purchased through the General Services Administration Multiple Award Schedule Contract Number 47QSWA21D0006 which simplifies the procurement process and ensures best pricing. The City of Racine's EV ARC unit is equipped with a ChargePoint Dual Port charger for use by city fleet electric vehicles. The EV ARC system generates and stores its own clean electricity and delivers that electricity to power EVs, day or night, and during inclement weather and power outages. The transportable but permanent unit includes the Emergency Power Panel option for first responder use during blackouts or in locations where there is no utility connection available. Requiring no connection to the utility grid, Beam Global products eliminate disruptive construction projects, costly electric circuit upgrades and utility charges to deliver significant long-term savings to city budgets.
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CMG | Hot Stocks08:06 EDT Chipotle tests plant-based chorizo in select markets - Chipotle Mexican Grill announced its latest menu innovation, Plant-Based Chorizo, is in test in Denver and Indianapolis. Plant-Based Chorizo is the brand's first new plant-based protein option since the debut of Sofritas in 2014.
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PLUG | Hot Stocks08:06 EDT Plug Power announces new organizational design to improve scalability - Plug Power has launched a new organizational design and appointed four general managers, positioning the company to meet the growing demand of its clean energy solutions. The general managers, Ole Hoefelmann, Jose Luis Crespo, Keith Schmid, Sanjay Shrestha,will work closely with CEO Andy Marsh at a time when the company expects $750 million in record gross billings for calendar year 2022 alone. Marsh said each general manager has been appointed to lead individual business units, a move that was necessary as the company shifts from a single integrated business to a portfolio of related businesses to support the global green hydrogen and fuel cell ecosystem. The new organizational structure is designed to help Plug achieve its stated business growth goals, including building five green hydrogen plants, securing and supporting five "pedestal" material handling customers, establish Plug Power as the world-leader in electrolyzer solutions through safe, reliable and cost-competitive customer offers , establishing a Plug Power branded vehicle market, and continuing to drive fuel cell technology costs down. Hoefelmann, who has more than 30 years of experience in the hydrogen space, will lead the Electrolyzer Solutions business unit where he and his team will drive the electrolyzer solutions strategy and sales growth, leveraging Plug Power's current initiatives to build a substantial presence worldwide. Crespo, a leader at Plug Power for 7 years, will lead the Material Handling Solutions business unit, where he will work closely with other general managers to leverage Plug Power's position in the market, accelerate growth, and improve customers' ability to achieve their sustainability goals. Crespo remains responsible for coordinating all business unit activities for pedestal customers accounts, including Amazon, Walmart, Home Depot, and General Motors. Schmid, after 8 years with Plug Power and more than 30 years in the fields of industrial power systems, energy storage, and communications power systems, will lead the Mobility and Stationary Power Solutions business unit where he will focus on successfully deploying commercial on-road vehicles, large scale stationary systems and opening a new Plug Power Innovation Center by year-end, among other goals. Schmid also drives Plug Power R&D and Product Development as Plug's President of Fuel Cell and Hydrogen Refueling System engineering organizations. The fourth business unit, Energy Solutions, will be led by Shrestha, who is tasked with building the first green hydrogen production network across the United States, including operational green hydrogen plants in North America by 2022 and achieving a green hydrogen generation target of 500 tons per day by 2025. Shrestha has also served as Plug's Chief Strategy Officer since 2019.
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DCBO | Hot Stocks08:05 EDT Docebo to open new office in Munich - Docebo announced it will open a new office in Munich, Germany to bolster the growing international demand for its learning technology suite. The company said with continued plans for growth, the increased presence in the German market positions the company to spearhead localized support for German-speaking regions, including Switzerland and Austria.
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HCHC | Hot Stocks08:05 EDT HC2 Holdings announces name change to INNOVATE effective September 20 - HC2 Holdings announced that its previously announced name change to INNOVATE Corp. is expected to take effect on Monday, September 20, 2021, along with the launch of a new corporate brand identity and website. The company is expected to commence trading on the New York Stock Exchange under the trading symbol VATE at market open on September 20, 2021. Until that time, the company will continue to trade on the New York Stock Exchange under its present symbol, HCHC. There is no change in the company's capitalization structure as a result of the name change. In connection with the name and trading symbol change, INNOVATE will assume a new CUSIP number and a new ISIN. No action is required to be taken by stockholders with respect to the name change.
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VAL | Hot Stocks08:05 EDT Valaris announces CEO Tom Burke will step down, Dibowitz succeeds as interim - Valaris announced that Mr. Tom Burke will step down from his position as President and Chief Executive Officer and member of the Board of Directors, effective September 2, 2021. The Valaris Board of Directors has appointed Mr. Anton Dibowitz, a current Board member, as interim President and Chief Executive Officer effective September 3. Mr. Burke will continue to support Valaris for a period to ensure a smooth leadership transition for the Company. He also will remain on the Board of Directors of ARO Drilling, a 50/50 joint venture between Valaris and Saudi Aramco. Further, Valaris announced that Mr. Jon Baksht will step down from his position as Executive Vice President and Chief Financial Officer, effective September 2, 2021. The Valaris Board of Directors has appointed Mr. Darin Gibbins, the Company's Vice President - Investor Relations and Treasurer, as interim Chief Financial Officer effective September 3.
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NEPT | Hot Stocks08:04 EDT Neptune Wellness appoints John Wirt as General Counsel - Neptune Wellness has appointed John Wirt as General Counsel. Wirt has spent more than 30 years as a regulatory compliance attorney, including as an enforcement attorney for the SEC and as lead compliance counsel for multiple Multi-State Operators in the U.S. cannabis industry. Wirt comes to Neptune Wellness from Epic Sports & Entertainment, a boxing promotions company, where he served as President and General Counsel. Prior to that, he was CEO and General Counsel for Square Ring, Inc., a global sports promotion company.
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AIT | Hot Stocks08:03 EDT Applied Industrial Technologies acquires R.R. Floody - Applied Industrial Technologies announced it has acquired R.R. Floody, a provider of automation products, services, and engineered solutions focused on machine vision, mobile and collaborative robotics, motion control, material handling, and digital capabilities. Terms of the transaction were not disclosed.
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ALHC | Hot Stocks08:03 EDT Alignment Healthcare enters agreement with CareMore Health - Medicare Advantage company Alignment Healthcare announced the addition of CareMore Health to its provider network in Arizona and Nevada starting Jan. 1, 2022, pending regulatory approvals. This agreement provides new and existing Alignment Health Plan members access to 3,350 CareMore providers, expanding Alignment's care options for seniors during Medicare's annual enrollment period for 2022, which runs Oct. 15 through Dec. 7, 2021. "Joining forces with CareMore underscores our continued execution on our stated growth strategy, partnering with complementary providers across the country that share our senior-first philosophy," said John Kao, founder and CEO, Alignment Healthcare. "When more seniors have access to top local providers that we can further support with our coordinated care model, the clinical outcomes are vastly improved, and we can transform the health care experience for seniors together."
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INOV | Hot Stocks08:03 EDT Inovalon to be acquired by equity consortium led by Nordic Capital for $7.3B - Inovalon announced that it has entered into a definitive agreement to be acquired by an equity consortium led by Nordic Capital, and joined by Insight Partners, as lead co-investor, 22C Capital, and Inovalon founder and CEO Keith Dunleavy, M.D. and certain Class B stockholders of Inovalon in an all-cash transaction with an enterprise value of approximately $7.3B. Under the terms of the agreement, Inovalon stockholders will receive $41.00 per share in cash for each share of Class A Common Stock or Class B Common Stock, representing a 25.3% premium over the closing price of Inovalon Class A Common Stock on July 26, 2021, the last unaffected trading day prior to media speculation regarding a potential transaction, and a 24.4% premium over the volume-weighted average price of the Company's shares over the 30 trading days leading up to the unaffected trading day. The independent members of the Inovalon Board of Directors, acting on the unanimous recommendation of a special committee of independent directors that led the consideration of alternatives and the negotiation of the terms of the transaction, unanimously approved the agreement, which is subject to a number of customary conditions, including a vote of each of the Class A and Class B stockholders voting separately. In addition, the transaction is subject to approval by a majority of the voting power of the Class A and Class B stockholders voting together as a single class, excluding Dr. Dunleavy, certain other Class B stockholders who are providing equity capital for the transaction and their affiliates. Dr. Dunleavy was not a member of the Special Committee and recused himself from all relevant Board discussions and from the Board vote regarding the transaction. Upon completion of the transaction, Inovalon will become a private company with greater flexibility to focus on strategies that drive innovation and global market development. Keith Dunleavy, M.D., will continue to be a substantial shareholder in the Company, serve on the Board of Directors, lead Inovalon as CEO, and the Company will maintain its headquarters in Bowie, Maryland. The Inovalon Board of Directors formed a Special Committee composed entirely of independent and disinterested directors to conduct a thorough review of strategic alternatives. The Special Committee led negotiations with the assistance of independent financial and legal advisors. Following the Special Committee's unanimous recommendation, the independent members of the Inovalon Board unanimously approved the merger agreement with an entity established by the equity consortium led by Nordic Capital and co-led by Insight Partners, and recommend that Inovalon stockholders adopt and approve the merger agreement and the transaction. The transaction is expected to close in late 2021 or early 2022, subject to the satisfaction of customary closing conditions, including the stockholder approvals described above and the receipt of U.S. antitrust approval. The transaction is not subject to a financing condition.
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FB | Hot Stocks08:02 EDT Facebook launches 'Horizon Workrooms' for virtual offices - Facebook said in a statement: "The way we work is changing. More people are working remotely, more people want flexible work options, and more people are re-thinking what it means to be in an office. But without the right connective tools, remote work still has plenty of challenges. Working without colleagues around you can feel isolating at times, and brainstorming with other people just doesn't feel the same if you're not in the same room.So today, we're excited to launch the open beta of Horizon Workrooms, available for free to download on Oculus Quest 2 in countries where Quest 2 is supported. Workrooms is our flagship collaboration experience that lets people come together to work in the same virtual room, regardless of physical distance. It works across both virtual reality and the web and is designed to improve your team's ability to collaborate, communicate, and connect remotely, through the power of VR- whether that's getting together to brainstorm or whiteboard an idea, work on a document, hear updates from your team, hang out and socialize, or simply have better conversations that flow more naturally. Workrooms brings some of our best new technologies together for the first time into one experience on Quest 2. Using features like mixed-reality desk and keyboard tracking, hand tracking, remote desktop streaming, video conferencing integration, spatial audio, and the new Oculus Avatars, we've created a different kind of productivity experience." Reference Link
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ATIF | Hot Stocks08:02 EDT ATIF Holdings announces 5 for 1 reverse stock split - ATIF Holdings announced that on August 12, 2021, the Board of Directors of the Company approved a reverse stock split of its authorized, issued and outstanding ordinary shares, par value 0.1c per share, at a ratio of 5-for-1 so that every five shares currently authorized and issued is combined into one share. Shareholders otherwise entitled to receive a fractional share as a result of the Reverse Split will receive a whole share in lieu of such fractional share. In connection with the Reverse Split, a vote of the shareholders of the Company is not required and as such, no shareholder vote or meeting of shareholders will be held. The Reverse Split will be effected by filing amendments to the Company's Memorandum and Articles of Association with the Registrar of Corporate Affairs of the British Virgin Islands. The Company intends to file the amendments with the Registrar of Corporate Affairs of the British Virgin Islands on August 27, 2021, and it is anticipated that the ordinary shares will begin trading on the Nasdaq Capital Market on a split-adjusted basis when the market opens on August 30, 2021. The Company is effecting the Reverse Split in order to maintain its listing on The Nasdaq Stock Market. As previously disclosed, on July 26, 2021, the Company received notice from the Listing Qualifications Department of Nasdaq indicating that the Company is not in compliance with the minimum bid price requirement of $1.00 per share under the Nasdaq Listing Rules. Both before and after the Reverse Split, the Company is and will be authorized to issue 100,000,000 ordinary shares and per share par value will be 0.5c. As a result of the Reverse Split, the Company's issued and outstanding ordinary shares will be reduced from 45,806,952 to approximately 9,161,390.
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DKS | Hot Stocks08:02 EDT Dick's Sporting names Navdeep Gupta as CFO, succeeding Lee Belitsky - Dick's Sporting announced that Navdeep Gupta has been appointed Executive Vice President, CFO, effective October 1. Gupta will be responsible for the company's finance, investor relations, accounting, business development and procurement functions. Gupta, who has been with Dick's since November 2017 as Senior Vice President, Finance & Chief Accounting Officer, succeeds Lee Belitsky, who has served as Executive Vice President, CFO, since October 2016. Belitsky will remain with Dicks as Executive Vice President and continue to oversee several key areas -- supply chain, real estate, construction and GameChanger. The CFO transition is part of the company's long-term succession plan.
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LDOS | Hot Stocks08:01 EDT Leidos selected by NASA for lifecycle mission support - Leidos was awarded the Fully Integrated Lifecycle Mission Support Services 2 - FILMSS 2 - contract by NASA to provide program, science, engineering, operations and project management support at the agency's Ames Research Center in Silicon Valley, California. The single award cost-plus fixed-fee and indefinite delivery, indefinite quantity contract holds an approximate value of $270M. It includes a two-year base period and three one-year options. As the FILMSS 2 prime contractor, Leidos will perform essential activities that enable Ames' high-end research. This support will include program management, mission implementation, instrument development and collaborative technology advancement for Ames' virtual institutes. Ames is one of ten NASA field centers.
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INOV | Hot Stocks08:01 EDT Inovalon to be acquired by equity consortium led by Nordic Capital for $7.3B
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NLSP | Hot Stocks08:00 EDT NLS Pharma gets Notice of Allowance from USPTO for mazindol use in ADD/ADHD - NLS Pharmaceutics announces that it has received a Notice of Allowance from the U.S. Patent and Trademark Office for patent application No. 16/083,131. When the patent issues, it will cover oral formulations containing immediate-release and sustained-release layers of mazindol and their use in the treatment of attention deficit disorders, ADD or ADHD, related deficit of alertness or decline in vigilance, or excessive daytime sleepiness, like narcolepsy, idiopathic hypersomnia. A Notice of Allowance is issued after the USPTO makes a determination that a patent should be granted from an application. The patent, which is expected to be issued in the fourth quarter of 2021, will have a term that expires no earlier than March 2037. Based on its current clinical development plans to obtain regulatory approval, NLS would promptly list the patent in the U.S. Food and Drug Administration's Approved Drug Products with Therapeutic Equivalence Evaluations, or Orange Book if it receives market approval.
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INOV | Hot Stocks07:55 EDT Inovalon trading halted, news pending
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SONN CHRS | Hot Stocks07:47 EDT Sonnet BioTherapeutics up nearly 100% at $1.47 in pre-market trading - Shares of Sonnet BioTherapeutics (SONN) are up 97.3% at $1.47 in pre-market trading. Note that Coherus Biosciences (CHRS), which is also involved in developing treatment of advanced squamous or non-squamous non-small cell lung cancer, or NSCLC, is also up 10% in pre-market trading after announcing a 'positive' interim results in phase 3 trial evaluating toripalimab plus chemotherapy as first-line treatment.
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ADMP | Hot Stocks07:37 EDT Adamis Pharmaceuticals highlights NIH article on Tempol - Adamis Pharmaceuticals highlighted that the National Institutes of Health, or NIH, has identified Tempol as a potential home treatment for COVID-19. The NIH news stated that, "This treatment would likely prevent severe disease." The article went on to describe how Tempol could reduce COVID-19 symptoms by calming inflammation, protecting organs from damage, and decreasing the clumping of platelets. The U.S. Food & Drug Administration has given the go-ahead to Adamis Pharmaceuticals to conduct a clinical study using Tempol as an at home treatment to prevent disease progression and thereby releasing the burden of COVID-19 on the healthcare system. Adamis plans to initiate the study shortly. Dr. Dennis Carlo, President and Chief Executive Officer of Adamis, commented: "Tempol's multiple activities, including antioxidant, anti-inflammatory, and antiviral, suggest that Tempol could be an ideal treatment for COVID-19. It would eliminate the concerns regarding the introduction of new variants. As new variants arise and vaccines become less effective, Tempol's antiviral and anti-inflammatory effects are independent of the evolving virus. Furthermore, the oral delivery of the drug may be an ideal outpatient treatment, preventing increased healthcare utilization. Tempol's mode of action makes it an ideal candidate to treat not only COVID-19, but many other types of viral respiratory infections, including influenza and respiratory syncytial virus."
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FSV | Hot Stocks07:37 EDT FirstService Onsite acquires Complete DKI, Moore Restoration - FirstService announced that its subsidiary, First Onsite Property Restoration, has recently acquired Complete DKI and Moore Restoration. Terms of the two transactions were not disclosed. Headquartered in Pensacola, Florida, Complete is a provider of disaster restoration services in the Florida Panhandle region. Complete's three offices provide emergency and catastrophe response, construction services, environmental services, and fire, smoke and water damage repair to a broad range of commercial and insurance clients. Moore, founded in 1997 and based in Indianapolis, is a commercial restoration services firm in the central Indiana region. Moore has developed a particularly strong reputation and expertise as a leading provider of infectious control and disinfection services to hospitals and a wide range of other healthcare clients across the Midwest U.S.
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DAO | Hot Stocks07:36 EDT Youdao provides update on new regulations from Beijing and Chinese governments - Youdao noted that the Beijing Municipality Government and the Beijing Municipal Committee of the Communist Party of China jointly issued the Beijing Municipality's Measures to Further Reduce the Burden of Homework and After-School Tutoring, or AST, on Students in Compulsory Education in Beijing to implement the requirements published in July by the PRC central government. Among other things, tuition fees for Academic AST shall follow the guidelines from the government to prevent any excessive charging or excessive profit-seeking activities and academic AST providers are prohibited from financing its operations by way of listing its securities on stock exchanges or other capital market activities. In compliance with the Beijing AST Measures, the company has stopped offering Academic AST classes over weekends, national holidays and the current school break period in Beijing. Such measures are expected to have material impacts on its existing K-12 course business. In the Q1 of this year, the revenues from K-12 Academic AST classes over these time periods accounted for less than 50% of the company's total revenues. The Company will continue to proactively seek guidance from the government authorities in Beijing and other relevant provinces and municipalities in connection with its efforts to comply with the related PRC rules and regulations.
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OTIC | Hot Stocks07:35 EDT Otonomy appoints Jill Broadfood to board of directors - Otonomy announced the appointment of Jill Broadfoot to its board of directors. Since 2018, Broadfoot has served as chief financial officer of aTyr Pharma.
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BBWI | Hot Stocks07:35 EDT Bath & Body Works launches tender offers for senior notes - Bath & Body Works announced that it has commenced tender offersto purchase for cash its outstanding 5.625% Senior Notes due 2023, 9.375% Senior Notes due 2025 and 6.694% Senior Notes due 2027 up to a maximum aggregate principal amount of Notes of $500 million, subject to the Sub-Cap, the order of priority and proration provisions. The maximum aggregate amount of Notes to be purchased by the company for the 2025 Notes and 2027 Notes is limited to $180 million The complete terms and conditions of the Tender Offers are set forth in the Offer to Purchase dated August 19, 2021 that is being sent to holders of the Notes.
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NCNO | Hot Stocks07:34 EDT WestStar adopts nCino to improve customer experience - nCino announced that $2.5B-asset WestStar Bank is now live on the nCino Bank Operating System. WestStar is utilizing nCino's Commercial Banking Solution, which provides the bank with configurable solution for its employees and commercial clients. WestStar worked with Enforce Consulting to implement nCino's cloud-based digital platform. The nCino Bank Operating System is now helping more than 330 WestStar employees with insights into the bank through an end-to-end platform that spans business teams and combines customer relationship management, onboarding, loan origination, and instant workflow reporting capabilities to provide WestStar's clients with a premier experience. WestStar will be implementing nCino's Retail Banking Solution with Enforce later this year.
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CHRS | Hot Stocks07:34 EDT Junshi, Coherus Biosciences announce 'positive' interim results in phase 3 trial - Last night, Shanghai Junshi Biosciences and Coherus BioScience (CHRS) "announced positive interim results from the pivotal study "CHOICE-01", a randomized, double-blind, placebo-controlled Phase 3 clinical trial evaluating toripalimab plus chemotherapy as first-line treatment of advanced squamous or non-squamous non-small cell lung cancer, or NSCLC. The interim analysis met the primary endpoint, demonstrating a statistically significant and clinically meaningful improvement in progression free survival per RECIST v1.1 compared to chemotherapy alone. A total of 465 treatment-naive advanced NSCLC patients were randomized: 309 to the toripalimab plus chemotherapy arm and 156 to the placebo plus chemotherapy arm. The primary endpoint of PFS was assessed by the investigator. Secondary endpoints included PFS assessed by a blinded independent review committee, overall survival, objective response rate and duration of response . Crossover to toripalimab was allowed for patients from the placebo plus chemotherapy arm upon disease progression. As of November 17, 2020, 218 PFS events were observed, with a median follow-up of 7.1 and 7.0 months in the toripalimab arm and the placebo arm, respectively. At the interim analysis, a significant improvement in PFS was detected for toripalimab over placebo with median PFS of 8.3 vs. 5.6 months. The 1-year PFS rates for toripalimab and placebo arms were 32.6% and 13.1%, respectively." Shares of Coherus are up 11.7% in early pre-market trading at $15.80 per share.
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WOOF | Hot Stocks07:32 EDT Petco reports Q2 comparable sales growth of 20% - "With purpose driven performance at the heart of all we do, our second quarter results reflect the strength of our differentiated model and continued focus on driving customer acquisition, increasing spend, fueling comp growth of 20 percent year-over-year and 30 percent on a two-year stack," said Ron Coughlin, Chairman and CEO of Petco. "We exited Q2 with strong momentum while lapping robust double-digit comp growth. Looking ahead, we're operating from a position of strength as we move into the second half, which gave us the confidence to raise our guidance. We believe we have significant runway for continued growth as we execute against our proven transformation strategy in multi-year growth areas across services, veterinary care, digital, and owned and premium brands."
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CYTK | Hot Stocks07:32 EDT Cytokinetics, Cure SMA renew partnership to advance awareness of SMA - Cytokinetics and Cure SMA announced the renewal of their partnership to increase education, awareness, public policy and fundraising for spinal muscular atrophy. Cytokinetics will be a National Gold Sponsor in support of several key Cure SMA initiatives across the United States. In September, Cytokinetics will participate as a sponsor of a long-time Bay Area event, the Northern California Walk-n-Roll, with the goal of increasing awareness and fundraising for SMA. In December, Cytokinetics will participate as a sponsor of the 10th Annual Hope on the Hill Congressional Dinner, which brings together individuals with SMA, their families, government officials and industry leaders to advocate for awareness and celebrate the milestones achieved in SMA research.
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WOOF | Hot Stocks07:31 EDT Petco sees FY21 CapEx near top end of $185M-$235M range
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WOOF | Hot Stocks07:26 EDT Petco appoints Brian LaRose as CFO - Petco has appointed Brian LaRose as Chief Financial Officer effective Aug. 19. LaRose will succeed Mike Nuzzo, who will continue in his role as COO and President, Petco Services. Since September 2020, LaRose has served as Petco's Senior VP, Finance.
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EMOTF | Hot Stocks07:20 EDT Emerita Resources intersects high grades in drill hole at Infanta Deposit - Emerita Resources announces that it has intersected high grades in drill hole IN003 at the Infanta Deposit in Huelva Province, Spain. The intercept occurs from 86.2 - 112.8 meters which is the deepest of the program to date. According to Joaquin Merino, P.Geo., President of Emerita, "The early results we are receiving from the Infanta drill program are excellent confirmation of the exceptional potential of this mineralized zone. The hole is approximately a 45 meter step out from the previously reported hole IN004. We will provide a further update once we receive results for several additional holes." The initial drill program at Infanta is designed to test the full 1.2 kilometer strike length of the mineralization and test the depth extent to at least 300 meters down dip. Our ongoing geological mapping confirms there is solid evidence, including some historical excavations, that mineralization should persist over that strike length and this is further supported by the preliminary results of the ongoing geophysical survey, which also suggests the mineralization continues to depth below the historical drilling. There are 49 historical holes delineating the deposit to date and the program is moving from the known mineralization and stepping out systematically along strike and down dip to establish a NI 43-101 compliant mineral resource estimate for the deposit.
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AGFMF | Hot Stocks07:18 EDT AGF Management enters strategic private equity partnership with First Ascent - AGF Management announced a strategic private equity partnership with First Ascent Ventures focused on investing in emerging technology companies that are building the next generation of disruptive, fast growing enterprise B2B software companies. AGF will make a $30M cornerstone investor commitment to First Ascent's second fund and will be a member of the Limited Partner Advisory Committee of the fund.
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LTRX | Hot Stocks07:16 EDT Lantronix announces ultra-compact Open-Q 5165B System - Lantronix announced its new ultra-compact Open-Q 5165RB System on Module. Lantronix's Open-Q 5165RB SOM features multiple specialized processing cores for powerful AI processing, image and graphics processing and audio processing.
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TCRX | Hot Stocks07:14 EDT TScan Therapeutics expects cash to fund expenses into 2024 - As of June 30, 2021, the Company had cash and cash equivalents totaling $106.2 million, which excludes gross proceeds of $100 million from the IPO. Based on the Company's current operating plan, TScan expects that cash and cash equivalents as of June 30, 2021, combined with the proceeds from the IPO, will enable it to fund its operating expenses into 2024.
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TCRX | Hot Stocks07:14 EDT TScan Therapeutics announces expected milestones - Liquid Tumor Programs: TScan's two lead liquid tumor TCR-T therapy candidates, TSC-100 and TSC-101, are designed to target HA-1 and HA-2, respectively, and treat patients with hematological malignancies who are undergoing allogenic hematopoietic stem cell transplantation. Present additional preclinical data of TSC-100 and TSC-101 during the fourth quarter of 2021. Complete Investigational New Drug -enabling studies and submit IND applications to the U.S. Food and Drug Administration for TSC-100 and TSC-101 during the fourth quarter 2021. Initiate clinical trials for TSC-100 and TSC-101 in the first half of 2022 with initial top-line data expected in the second half of 2022. Solid Tumor Programs: TScan's TSC-200 series of TCR-T therapy candidates include a combination of known targets, such as HPV16 for TSC-200 and PRAME for TSC-203, as well as targets that are novel antigens for TCR-T therapy, such as for TSC-201 and TSC-202. Present additional preclinical data of TSC-200 series during the first half of 2022. Complete three IND-enabling studies for TSC-200 series and submit subsequent IND applications to FDA during the second half of 2022. A fourth IND is also planned for the first half of 2023. Infectious Disease Program Continue research into potential second generation COVID-19 vaccine constructs utilizing TScan's novel T cell target discoveries.
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QIWI | Hot Stocks07:11 EDT Qiwi board declares quarterly dividend of 30c per share - In March 2021, the Board of Directors has approved a target dividend payout ratio for 2021. In accordance with the decision of the Board of Directors, the Company aims to distribute at least 50% of Group Adjusted Net Profit for 2021. Following the determination of 2Q 2021 financial results and taking into consideration the current operating environment, the Board of Directors approved a dividend of USD 30 cents per share. The dividend record date is September 7, 2021, and the Company intends to pay the dividend on September 9, 2021. The holders of ADSs will receive the dividend shortly thereafter.
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M | Hot Stocks07:11 EDT Macy's jumps 6% to $19.16 after Q2 results beat estimates, FY21 guidance raised
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SNOA | Hot Stocks07:10 EDT Sonoma Pharmaceuticals expands dental care line in U.S and Switzerland - Sonoma Pharmaceuticals announced that it has launched two new dental products. OroGenix Oral Hygiene Rinse is Sonoma's second dental product in the U.S., and was developed with its partner Gabriel Science . Additionally, in Switzerland, Sonoma and its partner, Medical Systems Solutions, have launched Microdacyn Oral Care for both professional and consumer use. After successfully launching Endocyn or root canal irrigation in December 2020, Sonoma's second dental product in the U.S. is an oral hygiene rinse. OroGenix Oral Hygiene Rinse uses Sonoma's patented Microcyn technology to cleanse teeth, gums, and mouth.
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CGEN AZN | Hot Stocks07:10 EDT Compugen's COM902-derived antibody to enter clinical development - Compugen (CGEN) announced that a bispecific antibody of AstraZeneca (AZN) derived from COM902, Compugen's high affinity anti-TIGIT antibody, will advance into clinical development. AstraZeneca plans to initiate a Phase 1/2 study evaluating AZD2936, a TIGIT/PD-1 bispecific antibody, in patients with advanced or metastatic non-small cell lung cancer. COM902 was licensed to AstraZeneca in 2018 exclusively for the development of bispecific and multi-specific antibody products, with AstraZeneca responsible for all research, development, and commercial activities. Compugen retains all other rights to the program with exception to those licensed to AstraZeneca. AstraZeneca has the right to create multiple products under this license. Compugen has received a $10M upfront payment and an additional $2M milestone payment to date, out of up to an aggregate milestone amount of $200M that the company is eligible to receive in development, regulatory and commercial milestones for the first product, as well as tiered royalties on future product sales. If additional products are developed, additional milestones and royalties would be due to Compugen.
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CYBN | Hot Stocks07:09 EDT Cybin files two international patent applications - Cybin announced that it has filed two additional international patent applications that bring the potential to obtain patent coverage in 153 countries for each of the patent applications. The application, governed by the Patent Cooperation Treaty, or PCT, grants the company the right to file future national applications into treaty member jurisdictions, including important potential markets for the company. The PCTs claim a library of phenethylamine and derivative drug development candidates and methods of use. One of the PCT applications claims a group of proprietary compounds identified by the company's research data as being important for further evaluation toward selection as potential therapeutics. The other PCT application includes claims and disclosures toward several other proprietary novel psychedelic compounds, including compounds with positive research data, meeting the company's internal research metrics. The company believes these applications will further strengthen the CYB005 program, directed to therapy resistant psychiatric disorders, and provide compositions for further evaluation in additional future research programs.
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TPX | Hot Stocks07:09 EDT Tempur Sealy announces contract extension with Mattress Firm - Tempur Sealy announced that it has signed a multi-year extension to its current supply agreement with Mattress Firm. The new extension is on the same terms as the current agreement. Tempur Sealy entered into a mutually beneficial agreement with Mattress Firm in 2019 to supply them with Tempur Sealy's portfolio of highly innovative and highly sought-after products. Distribution of the company's Sealy and Tempur mattress brands, now the number one and number two top selling brands in the U.S., through more than 2,300 Mattress Firm stores provides consumers with additional purchasing options consistent with the company's strategy of ensuring its products are available how and where the customer wants to shop. The relationship has resulted in strong sales for both Tempur Sealy and Mattress Firm.
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MEDIF | Hot Stocks07:08 EDT Medipharm Labs Australia receives government grant to assist with expansion - MediPharm Labs announces it's wholly owned subsidiary MediPharm Labs Australia Pty has been awarded $330,000 as part of the Australian Government's $50M Manufacturing Modernisation Fund. This funding is part of a key initiative to support businesses transforming manufacturing and supporting job growth. MediPharm Labs Australia has now received the first instalment of this grant. Medipharm Labs Australia intends to use the funds to increase the efficiency of its cannabis purification system and enhance the automation of its primary packaging manufacturing process. The enhanced automation of these production processes will allow MediPharm Labs Australia to service its growing domestic and international client base along with the anticipated increase in demand for its products. "Through the awarding of this grant, the Australian Government has recognised MediPharm Labs as a key player in the Australian cannabis industry and the manufacturing sector. This grant will allow MediPharm Labs to invest in innovation which will boost productivity to accelerate its expansion plans to execute on its global strategy - a great outcome for our Company's growth trajectory," said Warren Everitt, CEO Asia Pacific, MediPharm Labs.
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M | Hot Stocks07:07 EDT Macy's reports inventory down 14.5% from 2Q19 - Driven by market dynamics and the company's execution of its Polaris strategy.
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BBSI | Hot Stocks07:06 EDT Barrett Business opens Pittsburgh branch office - Barrett Business Services announced it is continuing to expand its national footprint with the opening of a branch office in Pittsburgh, PA. The company named Autumn Powell as Area Manager. She will be responsible for leveraging BBSI's unique business management expertise and employee related service in support of the growth of the greater Pittsburgh business community. "Pittsburgh presents an excellent opportunity to broaden our presence in Pennsylvania and further our mission of delivering the expertise and solutions that help our clients achieve prosperity in their business," said Gerald Blotz, BBSI's Chief Operating Officer. "When you combine our foundation of payroll services and workers comp insurance with decades of management experience in people, process, and risk, you have a unique support system that has helped thousands of business owners succeed. We look forward to bringing that experience along with our local, hands-on approach to the Pittsburgh community."
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PSTV | Hot Stocks07:06 EDT Plus Therapeutics presents data from preclinical study of 86RNL - Plus Therapeutic presented data from a preclinical study evaluating its lead investigational drug, Rhenium-186 Nanoliposome, or 186RNL, in the treatment of leptomeningeal metastases, and presented plans for a Phase 1 clinical trial of 186RNL also in LM. The data and upcoming trial plans were presented in two electronic posters at the Third Annual Conference on Brain Metastases hosted by the Society for Neuro-Oncology. Data from the ePoster entitled "Preclinical safety and activity of intraventricular Rhenium-186 Nanoliposome for leptomeningeal metastases" demonstrated that, following five different doses of 186RNL tested in non-tumor bearing rats administered with the highest doses presented minimal weight loss the first week after surgery, but gained it back in subsequent weeks and showed no overt neurological symptoms through the evaluation. These results suggest that the maximum tolerable dose of 186RNL was not reached, and given the encouraging efficacy shown in pre-clinical LM models, 186RNL has the potential to provide high therapeutic doses for LM with low rates of toxicity. "The novel design of 186RNL prolongs CNS exposure when delivered to the brain by convection enhanced delivery and we believe it will perform similarly in the leptomeningeal spaces where cancerous cells circulate and along the membrane linings where metastases are found," stated Marc Hedrick, M.D., President and Chief Executive Officer of Plus Therapeutics. In addition, the Company presented trial design plans for its upcoming Phase 1 clinical trial as part of an ePoster entitled, "ReSPECT-LM: Maximum tolerated dose, safety, and efficacy of intraventricular Rhenium-186 Nanoliposome for leptomeningeal metastases." The multi-center, sequential cohort, open-label, dose escalation study, which will begin patient accrual in the fourth quarter of 2021, pending FDA IND approval, will evaluate the safety, tolerability, and distribution of 186RNL via intrathecal infusion to the ventricle of breast and non-small cell lung cancer patients with LM after standard surgical, radiation, and/or chemotherapy treatment. The primary endpoint of the study is the incidence and severity of adverse events and dose limiting toxicities, and the secondary endpoints are the overall response rate, duration or response, progression free survival, and overall survival. This ReSPECT-LM Phase 1 clinical trial follows preclinical studies, in which tolerance to doses of 186RNL as high as 1075 Gy was shown in rat models with LM with no observed significant toxicity and treatment led to marked reduction in tumor burden in both C6 and MDA-231 LM models.
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M | Hot Stocks07:06 EDT Macy's reports Q2 gross margin 40.6% - Gross margin for the quarter was 40.6%, up from 23.6% in second quarter 2020 and up 180 basis points from second quarter 2019. Improvement as a result of merchandise margin was largely due to accelerated momentum in pricing, promotion and inventory initiatives driven by the Polaris strategy. Delivery expense as a percent of net sales decreased approximately 310 basis points from the second quarter of 2020 and increased 170 basis points from second quarter 2019, due to the respective changes in penetration of digital sales.
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M | Hot Stocks07:05 EDT Macy's reports Q2 digital sales down 6% y/y - Digital sales declined 6% versus second quarter 2020 and grew 45% versus second quarter 2019. Digital penetration was 32% of net sales, a 22-percentage point decline from second quarter 2020, but a 10-percentage point improvement over second quarter 2019. Decline in digital sales compared to the prior year driven by shift of omnichannel customers to stores, which are now fully open.
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M | Hot Stocks07:03 EDT Macy's raises long-term Adjusted EBITDA margin target - "While there is still uncertainty due to the ongoing pandemic, the increased traction of the Polaris strategy and our strong performance in the second quarter gives us the confidence to materially increase full-year guidance. We are also increasing our long-term Adjusted EBITDA margin target to remain in the low-double digits beginning next year. We are now well positioned to strengthen our business, enhance our long-term financial stability and return capital to our shareholders," said Adrian Mitchell, CFO of Macy's, Inc.
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ADAG MRK | Hot Stocks07:03 EDT Adagene announces third clinical trial collaboration with Merck - Adagene (ADAG) announced that it has entered into a third clinical trial collaboration and supply agreement with Merck (MRK). The agreement includes an open-label, dose escalation and expansion clinical study of ADG106 in combination with Merck's anti-PD-1 KEYTRUDA in advanced or metastatic solid and/or hematological malignancies. This clinical study builds on the promising monotherapy and combination therapy data from a Phase I trial of ADG106. Engineered using Adagene's proprietary NEObody platform technology, ADG106 is a fully human, ligand-blocking, agonistic anti-CD137 immunoglobulin G4 monoclonal antibody. "We are excited to continue our partnership with Merck in a third clinical collaboration that now combines our anti-CD137 agonist, ADG106, with KEYTRUDA," said Peter Luo, Ph.D., Co-founder, Chief Executive Officer and Chairman of Adagene. "While PD-1 drugs have advanced the cancer treatment paradigm, there are still a substantial number of patients with advanced metastatic solid and hematological malignancies who either relapse or are unresponsive, highlighting the need for new approaches. ADG106 targets a unique and highly conserved epitope with a novel mechanism of action and broad species cross reactivity, which enables testing in immunocompetent hosts. In multiple syngeneic models, we have shown a strong additive effect between ADG106 and anti-PD-1/PD-L1 agents."
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M | Hot Stocks07:01 EDT Macy's CEO says Q2 results 'strong across all three nameplates' - "Second quarter results were strong across all three nameplates and surpassed our expectations. Our momentum in the first quarter accelerated in the second quarter as we successfully reengaged core customers and attracted new, younger customers with new brands and categories," said Jeff Gennette, chairman and chief executive officer of Macy's, Inc. "Through the Macy's, Inc. portfolio and our omnichannel approach, we provide a compelling, seamless integration between physical stores and digital shopping to most effectively meet the needs of our customers." "The Polaris strategy is working. We have meaningfully improved the fundamentals and overall health of our business, and we are well underway building a stronger Macy's, Inc. for the future," Gennette continued.
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M | Hot Stocks06:59 EDT Macy's reinstates quarterly dividend at 15c, authorizes $500M share repurchase - The company is reinstating its regular quarterly dividend at 15c per share on Macy'ss common stock, resulting in an annual return of cash to shareholders of nearly $200M. The dividend is payable on October 1, to shareholders of record at the close of business on September 15. The company's board of directors has authorized a $500M share repurchase program.
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SAH | Hot Stocks06:57 EDT Sonic Automotive increases minimum hourly wage to $15 - Sonic Automotive is increasing wage to provide all hourly Sonic Automotive and EchoPark Automotive teammates a minimum wage of $15 an hour. The new pay plans will be effective starting September 1. Sonic Automotive employs approximately 8,500 teammates nationwide across its new vehicle franchised dealerships and EchoPark network.
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M | Hot Stocks06:56 EDT Macy's reports Q2 SSS up 61.2% on an owned basis - Comparable sales up 61.2% on an owned basis and up 62.2% on an owned plus licensed basis versus 2020. Comparable sales up 5.8% on an owned basis and up 5.9% on an owned plus licensed basis versus 2019. Trend improvement of approximately 16 percentage points compared to the first quarter of 2021.
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EL | Hot Stocks06:53 EDT Estee Lauder sees return to longer-term growth targets as COVID impacts subside - Estee Lauder said: "With multiple engines of growth across regions, brands, product categories and channels, the company is confident it is well-positioned to continue to drive a gradual recovery as macro-conditions and market dynamics support it. The company expects to invest in areas to support the recovery, including advertising, online, research and development and supply chain, to both drive growth in areas of opportunity and help nurture emerging trends in the rest of the business... The company is mindful of ongoing risks related to the COVID-19 pandemic as well as risks related to social, economic and political matters, including restructurings and bankruptcies in the retail industry, geopolitical tensions, regulatory developments, global security issues, currency volatility, general economic challenges and changes in consumer preferences that affect consumer spending in certain countries, channels and travel corridors. Longer-term, the company expects to return to its growth targets of 6% to 8% sales growth, 50 basis points of operating margin expansion and double-digit adjusted diluted earnings per share growth in constant currency after a period of normalization as the impacts of COVID-19 subside."
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NBY | Hot Stocks06:52 EDT NovaBay to distribute Zocular dry eye products - NovaBay signed an agreement with Okra to distribute their Zocular dry eye products alongside Avenova in NovaBay's physician-dispensed sales channel. Products sold under the Zocular brand were developed by Okra CEO Peter Pham, a board-certified ophthalmologist, and are all complementary to Avenova.
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BWXT | Hot Stocks06:51 EDT BWX Technologies awarded C$40M contract from Bruce Power - BWX Technologies announced a contract from Bruce Power valued at approximately C$40M to supply four moderator heat exchangers. The contract, which will be executed by subsidiary BWXT Canada Ltd. at its Cambridge, Ontario facility, involves engineering and fabrication of these specialized components. Moderator heat exchangers are large components that remove heat from the moderator system of CANDU nuclear reactors. Engineering work associated with the contract has commenced, with fabrication expected to start later this year. The first two moderator heat exchangers will be delivered in 2024, with the remaining two units scheduled for delivery in 2025.
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BJ | Hot Stocks06:49 EDT BJ's Wholesale CEO says 'we drove outstanding membership results' - "When I reflect on our impressive performance, it is clear that our progress against our strategic priorities has powered our success. We drove outstanding membership results, expanded our market share and continued to benefit from elevated consumer spending trends," said Bob Eddy, President and CEO, BJ's Wholesale Club. "I am thankful for our team members' dedication and excellent execution, which continues to enable our success. We have invested into our team members, the value of our membership, our digital infrastructure and physical footprint to continue to accelerate our growth flywheel. With these investments, we are confident that we are well positioned for long-term success."
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BJ | Hot Stocks06:48 EDT BJ's Wholesale reports Q2 digitally-enabled sales growth of 4% - Digitally-enabled sales growth was 4%, reflecting two-year stacked comp growth of 304%. Members continue to aggressively adopt new services such as curbside pickup.
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BJ | Hot Stocks06:47 EDT BJ's Wholesale reports Q2 total comparable sales increased by 4.0% - Reflecting two year stacked comp of 21.2%.
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BJ | Hot Stocks06:47 EDT BJ's Wholesale CFO says 'will continue to refrain' from offering guidance - "Looking ahead, we remain confident our business will continue to thrive and that our solid membership trends, assortment initiatives, enhanced digital capabilities and robust real estate pipeline will drive sustained and strong profitable growth," said Laura Felice, Executive Vice President, CFO, BJ's Wholesale Club. "Given the level of uncertainty associated with the evolution of the pandemic, fiscal 2021 remains difficult to forecast. Our view of the future has improved from last quarter but we will continue to refrain from offering formal detailed guidance."
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QTRHF | Hot Stocks06:42 EDT IRD awarded fifth ESS enforcement system by ODOT - International Road Dynamics, a Quarterhill (QTRHF) company, announced that the Oklahoma Department of Transportation, or ODOT, has authorized IRD to move forward with the installation of an Electronic Screening System, or ESS, for the Bryan County Northbound Port-of-Entry Weigh Station. The financial terms of the contract are confidential. The project is expected to commence in Q2 of 2022, and once implemented, IRD will maintain the system for a five-year period.
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TRMB | Hot Stocks06:33 EDT Trimble announces new $750M share repurchase program - Trimble announced that its board of directors has approved a new share repurchase program authorizing up to $750M in repurchases of the company's common stock. The share repurchase authorization does not have an expiration date and replaces the prior 2017 authorization of $600M, of which $50.7M was remaining and has been cancelled. The new repurchase program goes into effect immediately. Year to date, Trimble repurchased approximately 0.6M shares of its common stock in open market purchases at an average price of $71.24 per share for a total of approximately $40M, which was under the prior authorization.
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BBWI | Hot Stocks06:31 EDT Bath & Body Works 'confident' in ability to grow sales at MSD/HSD rate - The company expressed confidence in its ability to grow sales at a mid- to high-single digit rate over the next three to five years, and believes an operating margin in the low to mid-twenties is appropriate for Bath & Body Works.
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BBWI | Hot Stocks06:29 EDT Bath & Body Works sees Q3 sales up 40%-45% vs. 2019 sales of $1.1B - The company is "pleased" with August results to-date. Expects Q3 gross margin rate increasing by about 100 to 150 basis points compared to 2019's rate of 43.8%.
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BBWI | Hot Stocks06:28 EDT Bath & Body Works sees 'significant' growth vs. 2019 - In commentary released along with its earnings report, Bath & Body Works said it has repurchased 17M shares for $1.19M year-to-date. Year-to-date, direct channel sales decreased 6% compared to last year, with the company citing very high demand due to store closures. The company continues to closely evaluate all locations, especially more vulnerable centers, for risk of closure. Year-to-date, it has permanently closed 11 stores, and would anticipate about 20-40 closures for the full year 2021, principally in malls. It is forecasting approximately 55 new, almost entirely off-mall, North American stores, resulting in net square footage growth of about 3% for the full year.
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NVTA | Hot Stocks06:21 EDT Cathie Wood's ARK Investment bought about 360.7K shares of Invitae on Wednesday
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PFE | Hot Stocks06:20 EDT Cathie Wood's ARK Investment bought about 158.8K shares of Pfizer on Wednesday
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GS NNGRY | Hot Stocks06:08 EDT Goldman Sachs to acquire NN Investment Partners for EUR 1.6B - The Goldman Sachs Group, (GS) announced that it has entered into an agreement to acquire NN Investment Partners from NN Group N.V. (NNGRY) for approximately EUR 1.6B. The transaction is expected to close by the end of the first quarter of 2022, subject to regulatory and other approvals and conditions. NN Investment Partners has approximately $355B in assets under supervision and approximately $70B in assets under advice. NN Investment Partners' employees will join Goldman Sachs Asset Management following the closing of the transaction. As part of the agreement, Goldman Sachs Asset Management will enter into a long-term strategic partnership agreement with NN Group to manage an approximately $190B portfolio of assets. David Solomon, Chairman and CEO of Goldman Sachs, said: "This acquisition allows us to accelerate our growth strategy and broaden our asset management platform. NN Investment Partners offers a leading European client franchise and an extension of our strength in insurance asset management. Across NN Investment Partners' offerings they have been successful in integrating sustainability which mirrors our own level of ambition to put responsible investing and stewardship at the heart of our business."
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TPC | Hot Stocks06:04 EDT Black Construction-Tutor Perini JV awarded $98.3M contract in Guam - Tutor Perini announced that the Black Construction-Tutor Perini joint venture has been awarded a fixed-price contract valued at approximately $98.3M by the Naval Facilities Engineering Systems Command, Pacific Division, for the construction of a bachelor officer quarters at Marine Corps Base Camp Blaz on Guam. Black Construction is a subsidiary of the Company, and is one of Guam's largest employers and a major general contractor working in Guam and throughout the Western Pacific. The contract is funded by the government of Japan as part of the international agreement between the United States and Japan. The project scope of work includes construction of a multi-story housing tower with an attached one-story common area wing and a detached utility building. The structure will house single-occupancy housing units with living, bedroom, closet, private bath, kitchen and laundry. Engineering work has already commenced, with field work expected to begin in November 2021 and substantial completion anticipated in May 2024. The contract value will be included in the company's third-quarter 2021 backlog.
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MAXR | Hot Stocks06:03 EDT Maxar Technologies awarded five-year $26M contract by U.S. NGA - Maxar Technologies announced it has been awarded a five-year contract worth up to $26.4M by the U.S. National Geospatial-Intelligence Agency to sustain and enhance the National System for Geospatial Intelligence Open Mapping Enclave. Under the agreement, Maxar will continue to provide engineering, software development and geospatial tradecraft in support of NOME.
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GOTU | Hot Stocks05:26 EDT Gaotu Techedu says Beijing Measures compliance will have material adverse impact - Gaotu Techedu announced that the Beijing Municipal Committee of the Communist Party of China and the Beijing Municipality Government jointly issued the "Beijing Municipality's Measures to Further Reduce the Burden of Homework and After-School Tutoring on Students in Compulsory Education in Beijing" on August 14 and published the full text of the Beijing Measures on August 18. The Beijing Measures were adopted to implement the Opinions on Further Alleviating the Burden of Homework and After-School Tutoring for Students in Compulsory Education, published in July by the General Office of the CPC Central Committee and the General Office of the State Council of the PRC, and aim to ensure that "the excessive burden upon students from school homework and after-school tutoring, the education expenditures from their families and the burden on their parents' energy will be effectively reduced by the end of 2021, with significant impact achieved within two years." The company's compliance with the Beijing Measures will have a material adverse impact on its business, results of operations and financial condition. Specifically, in compliance with the Beijing Measures, the company has stopped and will stop offering online Academic AST classes over weekends, national holidays and school break periods.
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ELY | Hot Stocks05:23 EDT Callaway Golf announces highest ever monthly U.S. golf ball share in July - Callaway Golf announced that it achieved its highest monthly U.S. golf ball share ever in July, per Golf Datatech analysis. This announcement comes just one week after the company reported record financial results for both the second quarter and the first half of 2021. In July, Callaway earned more than 20% of the U.S. golf ball market share. Retail spend in golf balls continues to be strong versus record sales levels from July 2020, with demand from consumers. Additionally, while Golf Datatech covers a broad portion of the market, internal analysis from Callaway indicates that the company's actual golf ball share across all channels is potentially even higher. Callaway's record-setting share is led by the performance of their Chrome Soft Golf Ball Family.
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RIO | Hot Stocks05:21 EDT Rio Tinto, Western Australian Government partner on COVID-19 vaccination blitz - Rio Tinto is partnering with the Western Australian Government to launch a COVID-19 vaccination blitz targeting communities in the Pilbara and the fly-in fly-out workforce. Following discussions between Rio Tinto and the WA Department of Health, vaccination hubs will be established in the Pilbara and at a trial clinic at Perth Airport to make vaccinations more accessible. Starting with Tom Price, planning is underway for hubs at several locations in the Pilbara, with vaccines available to members of the local community, Indigenous communities, Rio Tinto employees, contractors and their families. Rio Tinto is working with the Department of Health and the Shire of Ashburton and is close to finalizing a location for the proposed Tom Price hub. The facility could potentially offer vaccines to the entire adult population of Tom Price and surrounding communities. Rio Tinto's COVID-19 screening facilities at Perth Airport will also be modified to include 'pop-up' vaccination hubs to target workers returning to Perth. The hubs will initially be available to Rio Tinto's FIFO workforce, who regularly travel to and from the Pilbara, with the option to expand the vaccination service to the wider FIFO community. The initial vaccination blitz is expected to commence in September, subject to availability of vaccines. Rio Tinto will work with the WA Government to finalize details in the coming weeks.
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PCG | Hot Stocks05:18 EDT PG&E restores power to 55% of customers impacted by PSPS event - After receiving weather all clears in most areas, PG&E crews were able to patrol, inspect, repair impacted equipment and restore power to almost 55% of the 48,000 customers impacted by the current Public Safety Power Shutoff, or PSPS, event. PG&E expects to restore power to essentially all customers in the remaining 8 counties who can receive service and who were affected by PSPS that began on Tuesday. As of 10:00 p.m., approximately 27,000 customers have had their electric service restored. PG&E turned off the power to these customers, the majority living in Shasta, Butte, Napa and Tehama counties, to protect their safety and the safety of their communities because of dry, gusty offshore winds that elevated the risk of wildfires in Northern California. Due to changing weather conditions Tuesday evening, PG&E was able to decrease customer impact, removing five counties from the PSPS scope of impact: Alameda, Contra Costa, Sierra, Trinity and Yuba counties.
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WU | Hot Stocks05:15 EDT Western Union collaborates, expands with Bank Syariah Indonesia - Western Union has collaborated with Bank Syariah Indonesia, or BSI, a state-owned Islamic bank in Indonesia, to offer its services across more BSI locations in the country. BSI was founded in February as a result of merger between state-owned sharia banks which are subsidiaries of larger banks: BRI Syariah, BNI Syariah and Bank Syariah Mandiri. Western Union previously offered its services at more than 650 Bank Syariah Mandiri locations across Indonesia. This expansion with BSI adds more than 750 additional locations to Western Union's financial network. Customers in Indonesia can now seamlessly send and receive money at more than 1,400 BSI locations in the country, connecting them to their loved ones in more than 200 countries and territories.
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NEW | Hot Stocks05:10 EDT Puxin Limited receives noncompliance notice from NYSE - Puxin Limited announced that, it has received a notice from the New York Stock Exchange, notifying Puxin that it is below compliance criteria in connection with the performance of trading price of Puxin's American depositary shares. Pursuant to Section 802.01C of the NYSE's Listed Company Manual, a company will be considered to be below compliance criteria if the average closing price of its security is less than $1.00 over a consecutive 30 trading-day period. Once notified, the company must bring its share price and average share price back above $1.00 within six months following receipt of the notification. The company can regain compliance with Section 802.01C at any time during the cure period if the share price is at least $1.00 on both the last trading day of any calendar month within the six-month cure period and the average share price over the 30 trading days preceding the end of that month. In the event that at the expiration of the six-month cure period, both a $1.00 closing share price on the last trading day of the cure period and a $1.00 average closing share price over the 30 trading-day period ending on the last trading day of the cure period are not attained, the NYSE will commence suspension and delisting procedures. The notice has no immediate impact on the listing of the company's ADSs, which will continue to be listed and traded on the NYSE during the cure period subject to continued compliance with the other listing requirements of the NYSE.
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ORBC | Hot Stocks04:46 EDT Orbcomm says FCC approves transfer of control of authorizations for deal - Orbcomm announced that the Federal Communications Commission has approved the transfer of control of the company's FCC authorizations in connection with the previously announced acquisition of it by GI Partners. The FCC's approval satisfies one of the conditions to the closing of the proposed acquisition, the company said. Subject to satisfaction of those conditions, the transaction is expected to be completed by early September. Upon completion of the proposed acquisition, Orbcomm will become a privately-held company.
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