Stockwinners Market Radar for September 07, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
IGC | Hot Stocks19:37 EDT India Globalization Capital completes phase 1 trial of IGC-AD1 in AD patients - India Globalization Capital "announces the completion of its Phase 1 clinical trial on IGC's cannabis-based investigational new drug, IGC-AD1, for patients suffering from Alzheimer's disease. As previously disclosed, IGC submitted IGC-AD1 to the FDA under Section 505(i) of the Federal Food, Drug, and Cosmetic Act. IGC received approval to proceed with the Phase 1 trial from the FDA on July 30, 2020. The primary end point of this Phase 1 trial was safety and tolerability. Based on this study, and subject to FDA concurrence, generally, the cannabis-based investigational drug IGC-AD1 was safe and well-tolerated by the Alzheimer's trial participants. The trial was conducted on 12 participants suffering from Alzheimer's disease. The participants represent a frail geriatric population with multiple comorbidities and mild to moderate Alzheimer's disease."
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BCML | Hot Stocks19:35 EDT BayCom to acquire Pacific Enterprise Bancorp for $17.78 per share - BayCom and Pacific Enterprise Bancorp announced jointly the signing of an Agreement and Plan of Merger under which BayCom has agreed to acquire PEB in an all-stock transaction valued at approximately $53.1M or $17.78 per share, based on the BayCom common stock price closing price of $17.28 per share on September 3, 2021. The transaction will expand BayCom's presence in Southern California. Under the terms of the Merger Agreement, PEB will be merged with and into BayCom. The agreement also calls for the merger of Pacific Enterprise Bank with and into United Business Bank. Upon consummation of the merger, each PEB shareholder will receive 1.0292 shares of BayCom common stock in exchange for each share of PEB common stock. In total, PEB shareholders will own approximately 22.4% of the outstanding shares of BayCom's common stock immediately following the consummation of the transaction.
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HUN | Hot Stocks19:33 EDT Huntsman says Ida caused no significant damage to Geismar facility - Huntsman "disclosed that Hurricane Ida caused no significant damage to its Geismar, Louisiana manufacturing facility. The Geismar facility manufactures products for Huntsman's Polyurethanes and Performance Products divisions and all units were shutdown orderly and safely before Hurricane Ida made landfall. Site personnel are currently preparing the production units for restart. The precise timing of the restart of each unit is dependent on the availability of utilities and the ability of other third-party suppliers to restart their respective operations. Currently, the company's best estimate is that production comes back online slowly this coming weekend with an increase in rates next week. Under this timeline, the Company currently anticipates that the estimated impact from Hurricane Ida to third quarter 2021 EBITDA will be offset by strength in the broader Performance Products division and the European and Asian MDI markets."
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MGNX | Hot Stocks19:03 EDT MacroGenics says final OS analysis of Margenza did not demonstrate superiority - MacroGenics announced the final overall survival, or OS, results of the SOPHIA Phase 3 study in adult patients with metastatic HER2-positive breast cancer. In 2020, MARGENZA was approved by the FDA in combination with chemotherapy for the treatment of adult patients with metastatic HER2-positive breast cancer who have received two or more prior anti-HER2 regimens, at least one of which was for metastatic disease. The basis for this full approval was the progression-free survival results in the SOPHIA study, which compared MARGENZA plus chemotherapy to trastuzumab plus chemotherapy in patients with metastatic HER2-positive breast cancer. The final OS analysis of the SOPHIA study was performed after 385 OS events occurred in the intent-to-treat population. As per the study protocol, OS was defined as the number of days from randomization to the date of death. The final OS analysis for the ITT population did not demonstrate a statistically significant advantage for MARGENZA plus chemotherapy compared to that of patients who received trastuzumab plus chemotherapy . In this overall ITT population, the median survival was 21.6 months in patients treated with MARGENZA plus chemotherapy compared to 21.9 months in patients treated with trastuzumab plus chemotherapy.
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MSFT | Hot Stocks19:02 EDT Microsoft acquires Clipchamp, terms not disclosed - Microsoft said in a blog post that it is acquiring Clipchamp, an in-browser video creation and editing experience. "Clipchamp's template-driven, task-focused user experience gives everyone the confidence that they can create," Microsoft said. "Its rich library of filters, styles, transitions, and stock media combined with the power of a multi-track audio and video compositing editor gives everyone the fine control they need, and artistic help if they need it, to create exactly what they want, quickly and with confidence. Once you finish your story, Clipchamp helps you share it since it's built for social media, offering output styles and aspect ratios for all the popular social networks. It lets you tell your story your way. Small business owners, marketers, influencers, students, educators, families, and information workers of all types need the capability to make great videos with minimal effort. Whether it's a 10-second social media ad, a 2-minute pitch for a product, or a 20-minute instructional video, Clipchamp and Microsoft will provide the tools and experience you need." Reference Link
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IBKR | Hot Stocks18:39 EDT Interactive Brokers says jury awarded $6.6M to Trading Technologies - Interactive Brokers "announces that a jury has returned a verdict in a patent trial in which Trading Technologies International had accused IBG LLC and its wholly-owned subsidiary Interactive Brokers LLC of willfully infringing its patents. Although the jury found that IBG infringed two patents owned by Trading Technologies, the jury recognized that any infringement by Interactive Brokers was not willful, and therefore not subject to enhanced damages. The jury awarded $6,610,985 to Trading Technologies, an amount far less than it had sought in damages."
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VWAGY | Hot Stocks18:19 EDT Volkswagen planning EUR300M venture capital fund for decarbonization projects - Volkswagen chairman Herbert Diess said in a LinkedIn post that the car maker is planning a venture capital fund with an initial volume of EUR300M that it will invest in a number of decarbonization projects and innovative start-ups. "Climate change will be the greatest challenge for humanity in the coming decades," Diess said. "With virtually unlimited burning of coal, oil and gas, climate change is steadily accelerating. More and more people are realizing how dramatic the situation is and want to take action." Reference Link
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TBPH | Hot Stocks17:48 EDT Theravance Biopharma jumps after Point72 reveals stake - Shares of Theravance Biopharma are up over 1% or 9c per share to $8.68 per share, in after market activity, following Point72 Asset Management's disclosure of a 7.0% stake in Theravance Biopharma.
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OSCR | Hot Stocks17:33 EDT Oscar Health co-founder buys $8.77M in common stock - In a regulatory filing, Oscar Health disclosed that its co-founder Joshua Kushner bought 485.5K shares of common stock on September 2nd in a total transaction size of $8.77M.
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GENI WYNN | Hot Stocks17:31 EDT Genius Sports secures data, NFL, fan engagement partnership with WynnBET - Genius Sports Limited (GENI) announced an expansion of its existing supplier agreement with WynnBET, the premier sports betting app from Wynn Resorts (WYNN) to provide NFL official sportsbook data, content and fan engagement solutions. This new partnership builds on Genius Sports' long-term relationship with WynnBET, which provides trading solutions and official data-driven content from the Company's exclusive sports partnerships with the English Premier League, Liga MX, Argentine and Colombian soccer. WynnBET is licensed to operate across seven U.S. States in Arizona, Colorado, Indiana, Michigan, New Jersey, Tennessee and Virginia.
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GENI WYNN | Hot Stocks17:31 EDT Wynn Resorts - Genius Sports Limited (GENI) announced an expansion of its existing supplier agreement with WynnBET, the premier sports betting app from Wynn Resorts (WYNN) to provide NFL official sportsbook data, content and fan engagement solutions. This new partnership builds on Genius Sports' long-term relationship with WynnBET, which provides trading solutions and official data-driven content from the Company's exclusive sports partnerships with the English Premier League, Liga MX, Argentine and Colombian soccer. WynnBET is licensed to operate across seven U.S. States in Arizona, Colorado, Indiana, Michigan, New Jersey, Tennessee and Virginia.
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DUK | Hot Stocks17:26 EDT Piedmont Natural Gas reaches rate case pact with key groups in NC - Piedmont Natural Gas, a subsidiary of Duke Energy, has reached an agreement with consumer and industrial groups in North Carolina for its rate review request, filed in March of this year. Piedmont plans to implement the increase in November 2021, with the average residential customer in North Carolina paying about $5.50 more per month, or $65 more per year, subject to the completion of two construction projects and an audit of these projects by the NCUC Public Staff. If approved by the North Carolina Utilities Commission, the increase will be approximately $74M, about 24% less than the $97M Piedmont requested to recover costs for system growth, infrastructure investments and pipeline safety and security improvements. The agreement was developed in collaboration with the Carolina Utility Customers Association, the Carolina Industrial Group for Fair Utility Rates and the Public Staff of the North Carolina Utilities Commission, which represents the interests of consumers. The settlement allows Piedmont Natural Gas a return on equity of 9.6%.
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MSBI | Hot Stocks17:16 EDT Midland States announces $25M expansion of stock buyback program - Midland States announced that its board has approved modifications to the company's previously announced stock repurchase program, which increase the aggregate repurchase authority to $75M from $50M, and extend the expiration date of the program to December 31, 2022. As of August 31, 2021, after giving effect to the modifications, there was approximately $26.3 million remaining under the stock repurchase program authorization.
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JBLU | Hot Stocks17:13 EDT JetBlue names Ursula Hurley as new CFO - JetBlue announced the appointment of Ursula Hurley to CFO, effective immediately. Hurley has served as acting CFO since June 2021.
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CASY | Hot Stocks17:08 EDT Casey's General Stores sees FY22 SSS for fuel, inside sales up mid-single digits - The Company "is maintaining the previously disclosed fiscal 2022 outlook, with one modification. The tax rate is now expected to be approximately 24.0% - 26.0% for the year. The remainder of the key metrics are unchanged. The Company expects same-store fuel and inside sales to increase by mid-single digit percentages. Total operating expenses are expected to increase by mid-teen percentages, driven primarily by adding approximately 200 units during fiscal 2022, as well as expenses related to adding back operating hours to the stores and expected wage pressures. Depreciation and amortization is expected to be approximately $300M, interest expense is expected to be approximately $50M."
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CASY | Hot Stocks17:06 EDT Casey's General Stores reports Q1 inside SSS up 8% - Reports Q1 fuel gallons up 9.0% on a same-store basis compared to prior year with a fuel margin of 35.1 cents per gallon. Total fuel gross profit increased 11.6% to $234.5M compared to the same period last year.
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ASND | Hot Stocks17:00 EDT Ascendis Pharma submits IND application to initiate TransCon IL-2 program - Ascendis Pharma announced the submission of an investigational new drug application with the U.S. Food & Drug Administration to initiate IL betaeliegammae Trial, a phase 1/2 clinical trial to evaluate TransCon IL-2 beta/gamma in patients with advanced cancer. TransCon IL-2 beta/gamma is an investigational long-acting prodrug designed to improve cancer immunotherapy by sustained exposure to an IL-2 variant that selectively activates the IL-2Rbeta/gamma, with minimal binding to IL-2Ralpha. "This IND submission for our second clinical stage oncology product candidate represents another major milestone for Ascendis. Our understanding of the biology has guided us in designing a novel parent drug, which we have combined with our clinically validated TransCon platform. We believe this combination has the potential to overcome the known shortcomings of current IL-2 compounds, such as low potency, short half-life and high Cmax. By solving the different elements related to efficacy and safety independently, we believe it will be possible to realize the full potential of the IL-2 pathway and create a potentially best-in-class cancer immunotherapy product," said Kennett Sprogoe, Ph.D., Ascendis Pharma's Head of Innovation and Research.
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MGNX | Hot Stocks17:00 EDT MacroGenics trading resumes
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STRS | Hot Stocks16:51 EDT Stratus Properties acquires land to develop Block 150 in Austin - Stratus Properties announced its plans for Block 150, a proposed high-rise rental project in downtown Austin, Texas. The site at 12th and San Antonio is located just a few blocks west of the Texas State Capitol in Austin. Based on preliminary plans, Block 150 would be developed as a 400-foot tower, consisting of approximately 420,000 gross square feet with 300 Class A luxury multi-family units for lease and ground-level retail. The project includes the AO Watson house, which will be renovated and expanded to offer amenities that may include a restaurant, pool and garden, while preserving the property's historic and architectural features. Stratus' subsidiary closed the land purchase on September 1 and Stratus expects to finalize development plans over the next 12 to 18 months. The project is owned by Stratus Block 150, L.P., a Texas limited partnership. Financing for the land purchase and predevelopment costs is in place and includes a land acquisition loan to the limited partnership in the amount of $14M, guaranteed by Stratus. The remaining land acquisition and predevelopment costs will be funded by approximately $21M in equity contributed to the limited partnership by Stratus and private equity investors. Stratus will receive 25% of the limited partnership's equity, in exchange for development costs to date and cash, and will manage the project. Upcoming key milestones for the project include completing design and engineering, securing final site development and building permits, obtaining downtown density bonus approvals, and raising the balance of the development capital, which Stratus projects could take between 12 to 18 months. Subject to market conditions, obtaining financing for the balance of the development capital, board approval, and necessary project approvals, entitlements and permits, construction on Block 150 is expected to begin in early 2023 with anticipated completion in mid-2025.
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TBPH | Hot Stocks16:43 EDT Point72 Asset Management reports 7.0% passive stake in Theravance Biopharma - Point72 Asset Management disclosed a 7.0% stake in Theravance Biopharma, which represents over 5.14M shares. The filing does not allow for activism.
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MYO | Hot Stocks16:35 EDT Myomo announces granting of patents in China, Hong Kong - Myomo announced the granting of patents in China and Hong Kong covering the company's most advanced products. Patent number ZL201680032072 was issued in China and patent number 1251447B was issued in Hong Kong. The patents are titled "Powered Orthotic Device and Method of Using Same," which cover a powered orthotic device that supports movement of a user's arm about the elbow and a user's fingers and thumb to support grasping. These newly issued patents are in force through June 2036. These patents are expected to be licensed to a newly formed company in China, Jiangxi Myomo Medical Assistive Appliance Co., Ltd., which was established on August 12, 2021, pursuant to an Equity Joint Venture Contract entered into between the Company and Beijing Ryzur Medical Investment Co., Ltd. in January 2021. A Technology License Agreement between the Company and the JV Company is expected to be entered into once certain operational and financial milestones by Ryzur and the JV Company are met. David Ren, founder and President of Ryzur, commented "We are looking forward to partnering with Myomo to bring this advanced technology to hospitals and patients in China. Now that the JV company is established, our next steps are to complete the funding, introduce the MyoPro to distributors and hospitals and set up the operations for launch of the products in the large China market."
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AQARF GORO | Hot Stocks16:34 EDT Gold Resource to acquire Aquila Resources in roughly C$30.9M deal - Aquila Resources (AQARF) announced that it has entered into a binding letter agreement with Gold Resource Corporation (GORO) setting out certain key terms of a proposed acquisition by GORO of all the issued and outstanding common shares of Aquila by way of a plan of arrangement under the Business Corporations Act. Pursuant to the Transaction, which is subject to the entering into of a definitive arrangement agreement, GORO will acquire all the issued and outstanding Aquila shares for 0.0399 of a GORO share per Aquila share. Based upon the 20-day volume-weighted average price of GORO's shares on the NYSE American stock exchange on September 3, 2021, being the last trading day prior to the date of the Letter Agreement, the Exchange Ratio represents a 29% premium to the 20-day VWAP of Aquila's shares on the Toronto Stock Exchange as of such date. The Exchange Ratio represents consideration of C$0.09 per Aquila share, reflecting a premium of 12.5%, based upon the closing prices of the Aquila shares and the GORO shares on September 3, 2021. The Per Share Price implies an aggregate acquisition price for 100% of the outstanding Aquila shares of approximately C$30.9M. Upon closing of the Transaction, the existing GORO and Aquila shareholders will own approximately 85.1% and 14.9%, respectively, of the combined company on a fully diluted basis.
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ALEC | Hot Stocks16:33 EDT Alector announces top management changes - Alector announced that Shehnaaz Suliman, and Robert Paul will be stepping down from their respective roles as President and COO and Chief Medical Officer. Each will continue to serve for a transition period and plan to remain available as advisors until the end of 2021. Sam Jackson, Senior Vice President, Clinical Sciences, will assume the role of interim Chief Medical Officer. Jackson is an established leader with more than 15 years of experience leading clinical development functions. He joined Alector in 2020 and among his primary responsibilities is the development of AL001, which is currently in Phase 3 clinical testing for the treatment of frontotemporal dementia. Suliman joined Alector in 2019 and provided strategic and operational leadership while overseeing the company's early development, portfolio, business development, finance, investor relations, legal and administrative functions. Robert Paul joined Alector in 2016 and has been responsible for advancing all four of Alector's immuno-neurology programs into the clinic and laying the foundation for the company's overarching development strategy. Sam Jackson, joined Alector as the Senior Vice President of Clinical Development in 2020 bringing more than 15 years of industry experience leading clinical development for novel neurologic, immunologic and ophthalmic programs.
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RPM CHX | Hot Stocks16:32 EDT RPM acquires Texas manufacturing plant from ChampionX - RPM International (RPM) announced it has procured a 178,000-square-foot chemical manufacturing facility located on 120 acres in Corsicana, Texas. It was purchased from ChampionX Corporation (CHX) for an undisclosed amount. The facility will be repurposed to act as a manufacturing campus for a number of RPM's operating companies, providing multiple opportunities for expansion to meet customer demand and strengthen its supply chain. It will be owned and operated by RPM's Tremco Construction Products Group. In addition to acquiring the land, facility and equipment at the Corsicana plant, Tremco Construction Products Group also intends to hire the plant's more than 80 existing employees, with plans to potentially hire additional employees in the future.
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NESR WHD | Hot Stocks16:31 EDT NESR, Cactus announce collaboration in the Middle East - National Energy Services Reunited Corp. (NESR) and Cactus (WHD) announced that they have entered into an agreement to provide and deploy Cactus frac rental equipment in the Middle East, as well as other initiatives in the key markets. Scott Bender, President and CEO of Cactus stated, "The differentiated nature of Cactus' products and service execution has enabled us to significantly expand our presence across U.S. unconventional basins over the last several years. Through this new agreement with NESR, we are extending this model to customers in the MENA region. We have highlighted the Middle East as an area of potential future growth and we are pleased to have officially deployed assets and personnel in the region, working together with NESR. We are excited about the expansion of unconventional oil & gas development activities in the Middle East and hope to leverage NESR's extensive footprint and excellent customer relationships to grow the business."
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MDWT | Hot Stocks16:31 EDT Midwest Holding appoints Georgette Nicholas as CFO - Midwest Holding announced that Georgette C. Nicholas will become President and CFO, commencing September 8. Nicholas brings more than 30 years experience in the global financial services industry including insurance, reinsurance and capital markets. She has a commitment to developing strong culture and leadership in organizations, supporting diversity and inclusion to grow engagement. Nicholas has leveraged this along with her business and financial acumen to drive strategy and results. Nicholas previously held the position of CEO and Managing Director for Genworth Mortgage Insurance Australia, a publicly listed ASX company in Sydney, Australia. She also held various roles with Genworth Financial, in investor relations, CFO roles in the mortgage insurance business and controllership. Nicholas also worked in public accounting, including as a firm director with Deloitte.
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ASR | Hot Stocks16:30 EDT Asur reports August 2021 passenger traffic down 4.3% vs August 2019 - Asur announced that total passenger traffic for August 2021 reached a total of 4.6 million passengers, 4.3% below the levels reported in August 2019, reflecting a continued recovery in travel demand in general and the rollout of vaccination campaigns in the US and gradual advances in Mexico, despite restrictions and requirements in certain countries of the world to contain the spread of the virus. When compared to pre-pandemic levels of August 2019, passenger traffic declined 8.4% in Mexico and 7.6% in Colombia, while traffic in Puerto Rico increased 14.8%. This announcement reflects comparisons between August 1 through August 31, 2021, from August 1 through August 31, 2020 and August 1 through August 31, 2019. Transit and general aviation passengers are excluded for Mexico and Colombia.
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NFG | Hot Stocks16:27 EDT National Fuel segment to seek EO100 Standard certification - Seneca Resources, the exploration and production segment of National Fuel, announced its commitment to seek certification of 100% of its Appalachian natural gas production under Equitable Origin's EO100 Standard for Responsible Energy Development, a set of environmental, social, and governance performance standards. Seneca initiated the certification process in May and expects to complete the process early next year.
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MGNX | Hot Stocks16:25 EDT MacroGenics trading halted, news pending
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NNDM | Hot Stocks16:21 EDT Nano Dimension in 3D-print development pact with Fraunhofer Institute - Nano Dimension announced a collaboration with the Fraunhofer Institute for Manufacturing Engineering and Automation IPA... Of this sum, EUR 2.4 billion are generated through contract research. The focus of Fraunhofer IPA's research and development work is on organization and technological issues related to the manufacturing industry. Their fifteen specialist departments are focused on twelve major research areas, including: frugal manufacturing systems, artificial intelligence in manufacturing, lightweight engineering and functional coatings, and additive manufacturing technologies. Through a European Union sponsored project - NextFactory - Fraunhofer IPA previously created a modular printing system processing conductive and dielectric material, as well as support material, in combination with a pick and place process and an online quality inspection. Under the two-year collaboration plan, Nano Dimension and Fraunhofer IPA will focus on the research and development within the field of autonomous fabrication of electromechanical systems based on 3D freeform printing and the highest precision 3D assembly technologies. The outcomes of this collaboration should benefit Nano Dimension customers given the insights that will be generated and incorporated into what is already uniquely possible with Nano Dimension's DragonFly additive manufacturing system.
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MRCY | Hot Stocks16:21 EDT Mercury Systems appoints Thomas Huber as chief transformation officer - Mercury Systems announced that Thomas Huber has joined the company as executive vice president and chief transformation officer, effective immediately. Reporting to Mark Aslett, Mercury's president and chief executive officer, Huber will lead the company's 1MPACT strategic value creation initiative announced in its Q4 earnings release. Huber brings to Mercury 20 years of global experience in industry and management consulting. Prior to joining Mercury, Huber was managing director and partner at the Boston Consulting Group, serving as a member of their transformation and operations practice areas.
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CASH | Hot Stocks16:19 EDT Meta Financial announces share repurchase program for up to 6M shares - Meta Financial announced that its board of directors authorized a share repurchase program to repurchase up to 6M shares of the company's outstanding common stock on or before September 30, 2024. Under its current stock repurchase program, which expires on December 31, 2022, the company has purchased 5,949,827 shares of the 7.5M total shares authorized for repurchase. The company may repurchase the remaining 1,550,173 shares under the current stock repurchase program on or before December 31, 2022.
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EFX | Hot Stocks16:17 EDT Equifax completes acquisition of Teletrack - Equifax announced that it has completed the acquisition of Teletrack, a U.S. leader in alternative credit data, from CoreLogic. The definitive agreement to acquire Teletrack was announced on July 27. The combination of Teletrack with the Equifax DataX business will create a leading U.S. specialty consumer reporting agency, with data on more than 80 million thin-file, unbanked, underbanked and credit rebuilding consumers that can help to expand access to credit through alternative data insights. The transaction is not anticipated to have a material impact on 2021 Equifax financial results. Teletrack is now part of the USIS business unit at Equifax.
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APO | Hot Stocks16:16 EDT Apollo Global to acquire up to a 50% equity stake in MaxCap - Apollo Global announced that clients managed by its affiliates have entered into a definitive agreement to acquire up to a 50% equity stake in MaxCap Group, a Australasian commercial real estate financier and fund manager. Founded in 2007, MaxCap is headquartered in Melbourne. Following completion of the deal, MaxCap co-founders Wayne Lasky and Brae Sokolski will continue to lead the company and retain the remaining shareholdings. MaxCap expects to generate significant investment opportunities for its clients, and has a forward pipeline of more than A$6B. Since its founding, the company has had a strong track record of performance across more than 450 investments totaling more than A$11B. For Apollo and its clients, the investment extends the firm's reach into Australasia - an attractive market with significant growth in lending opportunities. Currently, Apollo originates commercial real estate debt and equity solutions across North America, Europe and Asia, and through this transaction expects to increase its activity in Australasia.
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MVBF... | Hot Stocks16:16 EDT MVB Bank, NYDIG partner to offer white label Bitcoin and banking platform - MVB Bank, Inc., a wholly-owned subsidiary of MVB Financial Corp., and Victor Technologies, Inc., a wholly-owned subsidiary of MVB Edge Ventures, Inc., announced a partnership with NYDIG, a technology and financial services firm dedicated to Bitcoin, to integrate Bitcoin into MVB's Banking-as-a-Service solutions. This partnership will allow MVB's Fintech clients to offer Bitcoin-related products - all powered by NYDIG's secure, regulated, full-stack platform - alongside the banking products MVB enables today. "On today's rapidly changing financial frontier, we are proud to partner with a firm like NYDIG," said Larry F. Mazza, CEO and President, MVB Financial. "NYDIG has a vision to make Bitcoin more accessible. Adding Bitcoin functionality to MVB's already industry-leading Banking-as-a-Service solutions will propel that vision into reality and help our clients compete."
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CASH | Hot Stocks16:14 EDT Meta Financial CEO Brad Hanson to retire, Brett Pharr to succeed - Meta Financial announced that Brad Hanson, president and CEO of the company and co-president and CEO of the company's wholly-owned subsidiary MetaBank, N.A., has informed the company's board of directors of his intention to focus on entrepreneurial and philanthropic endeavors and retire from Meta. The board of directors has appointed Brett Pharr, currently co-president and COO of MetaBank, as incoming CEO of the company and of MetaBank, N.A. He will also be appointed as a member of the boards of directors of the company and MetaBank. To help ensure a transition, Hanson will continue in his current position through September 30, when his retirement will become effective, and he will remain on the company's board until the next annual stockholders' meeting, expected to take place in February 2022. He also will serve as a strategic advisor to Meta and the boards on industry and partner relations until the end of 2022. Pharr was appointed co-president and COO of MetaBank in June 2020 and, prior to that, served as the EVP, group head of governance, risk and compliance for the company and Meta.
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PATH | Hot Stocks16:12 EDT UiPath raises FY22 ARR view to $876M-$881M from $850M-$855M
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RKDA | Hot Stocks16:11 EDT Arcadia Biosciences announces departure of CEO Matt Plavan - Arcadia Biosciences announced that it has launched a national search for a new CEO as the company further expands into the consumer packaged goods sector. CEO Matt Plavan will step down from the role once a successor is named, which is expected to occur by the end of the year. Plavan joined Arcadia in 2016 as CFO and has served as CEO since 2019, overseeing the company's successful transition from an agricultural biotechnology trailblazer to a dynamic consumer products company focused on products in on-trend categories with significant growth potential.
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SON | Hot Stocks16:10 EDT Sonoco teams with robotics firm AMP Robotics for rigid paperboard can recycling - Sonoco announced it has partnered with AMP Robotics, a pioneer in AI, robotics and infrastructure for the waste and recycling industry, to create a new material category within AMP's neural network specific to rigid paperboard cans. The U.S. partnership will result in increased recycling rates for the spiral wound paper canister with steel bottom produced by Sonoco and other manufacturers. The use of recycled steel has a 45% lower environmental impact than producing the equivalent amount from virgin material, reducing the need to mine for virgin iron ore. Additionally, when compared to landfilling, recycling the paper container with steel bottom through the steel or other streams has a greater than 40% lower environmental impact than landfilling. Any materials recovery facility with anAMPCortex intelligent robotics system can now accurately and efficiently sort Sonoco's paper can to the desired stream.
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LNG | Hot Stocks16:07 EDT Cheniere Energy aims to generate $10B in distributable cash flow through FY23 - Cheniere Energy "announced that its board has approved a comprehensive, long-term capital allocation plan (the "Plan") designed to achieve an investment grade balance sheet, return significant capital to shareholders over time, and continue to invest in accretive organic growth. With financial results for 2021 expected at the high end of the guidance ranges, and the substantial completion of Sabine Pass Train 6 now expected in the first quarter of 2022, the Company has reached a cash flow inflection point and expects to generate ~$10 billion of cumulative Distributable Cash Flow through 2024 with annual run-rate DCF of $2.6B-$3.0B, enabling execution on the balance sheet, capital returns, and accretive growth priorities. The Plan is designed to achieve a run-rate DCF of $15 - $17 per share on a long-term basis, inclusive of the Corpus Christi Stage 3 Project. The company is declaring an inaugural quarterly dividend of $0.33, or $1.32 annualized, per share. The dividend is payable on November 17, 2021 to shareholders of record as of November 3, 2021; Plan to grow dividend at mid-single digit growth rate, positioning the inaugural dividend approximately in line with the S&P 500 average yield and growth rate; Reset share buyback program of $1B for an additional 3 years beginning in the fourth quarter of 2021. Share repurchases under the previous $1B authorization have resumed in the third quarter."
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CVCY | Hot Stocks16:01 EDT Central Valley Community names James Kim as new CEO - The Board of Directors of Central Valley Community announced that Executive Vice President and COO James J. Kim has been promoted to President and CEO of the company and bank effective November 1, 2021. Kim succeeds President and CEO James Ford who previously notified the Board in March 2021 of his intention to retire from the company and bank following the transition to new leadership. Daniel J. Doyle will continue as chairman of the company and bank.
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CVX... | Hot Stocks16:01 EDT Chevron, Delta, Google announce MoU to track sustainable aviation fuel emissions - Chevron (CVX), Delta (DAL), and Google (GOOGL) announced a memorandum of understanding to track sustainable aviation fuel test batch emissions data using cloud-based technology. Through this project, Chevron plans to produce a test batch of SAF at its El Segundo Refinery and to sell SAF to Delta at Los Angeles International Airport, a major global hub for Delta's fleet. "As aviation continues to define a more sustainable future, understanding the environmental impacts of our operations will be paramount as we look to mitigate climate change," said Amelia DeLuca, Delta's managing director of Sustainability. "On top of being the first carbon neutral airline on a global basis, we've pledged to replace 10 percent of our jet fuel with SAF by 2030. This partnership has the potential to help us achieve that goal while providing important data and analytics that demonstrate the environmental integrity of our commitment." "This MOU builds on our previously announced effort to be the first refiner in the U.S. to ratably co-process biofeedstocks in an FCC through a capital-efficient investment program," said Andy Walz, president of Americas Fuels & Lubricants for Chevron. "The data sharing and transparency component of this partnership will help us better understand the emissions from sustainable aviation fuel production and delivery, supporting our goal to advance lower carbon fuels." In parallel, Google Cloud plans to build a data and analytics framework to securely ingest and analyze emissions data from Delta and Chevron related to the SAF test batch. The goal of the pilot will be to provide better visibility into data from their project, allowing for greater transparency and improved reporting of SAF emissions.
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MSFT | Hot Stocks15:52 EDT Microsoft introduces personalized news feed Microsoft Start - Liat Ben-Zur, Corporate Vice President of Microsoft said on a blog entry, earlier, in part: "It should be simple to catch up on the things we care about. Yet, I find it can be overwhelming. I'm inundated by news, information and on-going alerts across online sources, media channels and devices. It turns out, I'm not alone... I want content on a range of topics all in a single destination. I want access to this on my PC and my phone...To address this need, we're introducing Microsoft Start. This personalized news feed and collection of informational content provides news from premium publishers, timely updates tailored to your interests, and is available when and where you want it...Microsoft Start builds on Microsoft's legacy with online and mobile consumer services like MSN and Microsoft News. MSN has been bringing customers news and online content for over 25 years and will remain available. We will continue to build on our commitment to news and our publisher ecosystem, adding value for both partners and customers alike....Microsoft Start on the PC - I can now start my day on the PC with information on my news and interests only a click away. I can go directly to the Microsoft Start website from Microsoft Edge or Chrome. Moreover, there are even more convenient ways for me to access the experience from Windows and Edge: News and interests on the Windows 10 taskbar is the fastest way for me to stay up to date on my Windows 10 PC. I can open my feed by clicking the weather icon in my taskbar. Then when I click on any content, I land in Microsoft Start...Microsoft Start on the PC - I can now start my day on the PC with information on my news and interests only a click away. I can go directly to the Microsoft Start website from Microsoft Edge or Chrome. Moreover, there are even more convenient ways for me to access the experience from Windows and Edge: News and interests on the Windows 10 taskbar is the fastest way for me to stay up to date on my Windows 10 PC. I can open my feed by clicking the weather icon in my taskbar. Then when I click on any content, I land in Microsoft Start." Reference Link
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LHX | Hot Stocks15:34 EDT L3Harris Technologies awarded potential $343M Airservices Australia's pact - L3Harris Technologies has been awarded the initial planning and design phase of a potential $343M, 10-year contract to modernize Airservices Australia's enterprise-wide telecommunications network. Under the first phase of this program, L3Harris will design organization-wide voice and data networking, VHF radio communications and Automatic Dependent Surveillance-Broadcast surveillance capability to Australia's air navigation system.
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F... | Hot Stocks15:03 EDT Ford hires Apple's Field as Chief Advanced Technology, Embedded Systems Officer - Ford Motor Company (F) named Doug Field as the company's chief advanced technology and embedded systems officer as it said it "continues to advance its Ford+ growth plan." Field joins Ford from Apple (AAPL), where he served as VP, Special Projects. Before that, he was senior vice president, Engineering, at Tesla (TSLA). His appointment to Ford is effective today, and he reports to Ford President and CEO Jim Farley. "Doug is one of the world's most respected engineering and product design leaders and has been a driving force behind breakthrough products across auto, tech and mobility, including at Apple, Tesla and Segway. His talent and commitment to innovation that improves customers' lives will be invaluable as we build out our Ford+ plan to deliver awesome products, always-on customer relationships and ever-improving user experiences. We are thrilled Doug chose to join Ford and help write the next amazing chapter of this great company," Farley said. Field will partner closely with Hau Thai-Tang, Ford's chief product platform and operations officer, to create the next generation of Ford's connected products and experiences. Thai-Tang will continue to oversee Product Development, Purchasing, Design, Research & Advanced Engineering, EPLM / D-Ford, Advanced Manufacturing and Ford Ion Park, the company stated.
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CBOE | Hot Stocks14:45 EDT Cboe Global Markets reports August multiply-listed options ADV up 15.3% y/y - Cboe Global Markets reported August monthly trading volume statistics across its global business lines, reporting multiply-listed options ADV up 15.3% year-over-year, index options ADV up 28.4% year-over-year and futures ADV up 4.9% year-over-year.
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NMTC | Hot Stocks14:28 EDT NeuroOne Medical Technologies receives FDA clearance for Evo sEEG Electrode - NeuroOne Medical Technologies Corporation announced that it has received U.S. Food and Drug Administration 510(k) clearance to market its Evo sEEG Electrode technology for temporary use with recording, monitoring, and stimulation equipment for the recording, monitoring, and stimulation of electrical signals at the subsurface level of the brain. "This represents yet another critical milestone met by the Company as we continue to execute our strategy. The next steps for the Company are to expand the sEEG labeling for longer term use, which we believe will be a key part of our commercialization strategy for the Evo sEEG electrode, and complete development of an sEEG ablation electrode/probe for ablation of brain tissue and permanently implanted stimulation electrodes for patients with chronic applications such as epilepsy, Parkinson's disease and chronic back pain," said Dave Rosa, CEO of NeuroOne. As previously reported, the company expects to be launch ready by the end of calendar year 2021, pending additional regulatory clearance of sEEG labeling for longer term use.
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FWRG | Hot Stocks14:21 EDT First Watch Restaurant Group files for IPO on Nasdaq under symbol 'FWRG' - First Watch Restaurant Group has filed a prospectus with the SEC for an initial public offering on the Nasdaq Global Select Market under the symbol "FWRG." First Watch identifies itself in the prospectus as "an award-winning daytime restaurant concept serving made-to-order breakfast, brunch and lunch using fresh ingredients." The filing stated: "Our unique one-shift and one-menu approach, coupled with our commitment to our employees and customers throughout the COVID-19 pandemic allowed us to retain and attract employees and reopen our restaurants with accelerating operating momentum in the second half of 2020 and into 2021, recording same-restaurant sales growth of 16.3% in the second fiscal quarter ended June 27, 2021 relative to the fiscal quarter ended June 30, 2019. Importantly, our same-restaurant traffic growth in the second fiscal quarter of 2021 was ahead of the comparable quarter in 2019 by 1.0%. Throughout the COVID-19 pandemic, we invested in supplemental compensation and expanded health benefits for our people while at the same time we accelerated strategic investments in our business and continued to expand our footprint, opening 42 and 18 System-wide NROs in fiscal 2020 and during the twenty-six weeks ended June 27, 2021, respectively. As of June 27, 2021, we had 423 System-wide restaurants across 28 states, 335 of our restaurants were company-owned and 88 were operated by our franchisees."
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RNG | Hot Stocks14:01 EDT RingCentral reports resignation of Chief Strategy Officer - In a regulatory filing after the close on Friday night, RingCentral disclosed that on August 30, 2021, Praful Shah notified the company of his resignation from his position as the Company's Chief Strategy Officer effective as of September 14, 2021. "Shah's resignation did not involve any disagreement on any matter related to the Company's operations, policies, or practices... In connection with his resignation, on September 2, 2021, Mr. Shah entered into a non-competition agreement effective as of the separation date. Pursuant to the Agreement, Mr. Shah has agreed to not, without the prior written consent of the company, engage in certain competitive business activities towards the company or solicit certain other individuals to participate in such activities from the period commencing on the separation date until August 20, 2022," the filing stated.
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PSO | Hot Stocks13:58 EDT Pearson acquires AI analytics company Faethm - Pearson announced that it has acquired the "groundbreaking workforce AI and predictive analytics company" Faethm. "Since Faethm's launch less than four years ago the company has grown to serve customers in 21 industries in 26 countries from offices in Sydney, London, San Francisco and New York. The acquisition of Faethm marks an important step in Pearson's digital strategy and its continued commitment to meeting the lifelong learning needs of people around the world," Pearson stated.
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INTC | Hot Stocks13:58 EDT Intel's Mobileye unveils 6-passenger, electric AV for driverless ride hailing - Mobileye, an Intel company, unveiled the 6-passenger, road-ready electric autonomous vehicle that will be used for commercial driverless ride-hailing services in Tel Aviv and Munich starting in 2022. Equipped with the Mobileye Drive self-driving system featuring 8 EyeQ5 SoCs in the AVKIT58, the all-electric Mobileye AVs will operate under the MoovitAV service branding, the company said.
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PLLIF | Hot Stocks13:10 EDT Pirelli announces resignation of CFO - Pirelli announces that the Chief Financial Officer Francesco Tanzi, who is also the manager responsible for the preparation of the company's financial documents, tendered his resignation from the company, effective 31 December 2021, to "pursue a new professional experience." The Executive Vice Chairman and CEO, Marco Tronchetti Provera, as a consequence of the organizational changes that will be adopted, will propose to the board meeting already scheduled for 11 November the nomination of the new manager responsible for the preparation of the company's financial documents, in accordance with current legislation. "Mr. Tanzi does not own ordinary shares in the company," the company stated in a filing with its local stock market regulator. Reference Link
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BUD | Hot Stocks13:07 EDT Anheuser-Busch announces new U .S. commercial structure - Anheuser-Busch announced enhancements to its U.S. commercial leadership team to further support the company's consumer-first commercial strategy. "Over the last four years, we have developed and implemented a clear and consistent consumer-first strategy that has resulted in strong momentum for our U.S. business," said Brendan Whitworth, CEO, Anheuser-Busch. "The new commercial structure we are announcing today, along with key leadership changes, will make us better partners to our wholesalers and retailers, ultimately accelerating our momentum in the U.S." First, Kyle Norrington, currently President of Labatt in Canada, will assume a new role as U.S. Chief Commercial Officer, overseeing Sales and Marketing in the U.S. Second, Simon Wuestenberg, currently President of Anheuser-Busch's wholly owned distributor business unit AB ONE, is appointed U.S. Chief Sales Officer. Marcel Marcondes, currently U.S. Chief Marketing Officer, is transitioning to a new role within AB InBev that will be announced at a later date.
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UBSFY | Hot Stocks12:32 EDT Ubisoft names Igor Manceau chief creative officer - Ubisoft announced that Igor Manceau, a Creative Director with more than 20-years' experience at the company, is being appointed as its Chief Creative Officer. Manceau will report to Ubisoft CEO and Co-Founder Yves Guillemot and will serve as a member of Ubisoft's Executive Committee. "It is a real honor for me to lead and support the passionate and incredibly talented group of people responsible for the creative direction of Ubisoft's games," said Manceau. "We have some of the best creative minds in the industry at Ubisoft, and I'm looking forward to partnering with them to increase our games' focus on innovation, quality and differentiation, so that we're continuing to deliver truly memorable, entertaining and enriching experiences for our players." Axios' Stephen Totilo noted that Manceau will be replacing Serge Hascoet, who left the company last year amid claims of misconduct.
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DGLY | Hot Stocks12:08 EDT Digital Ally healthcare unit acquires medical billing company for $2.92M - Digital Ally announces that its healthcare subsidiary, Nobility Healthcare, has acquired a second medical billing company located in the Midwest with annual revenues of approximately $3M. The company provides revenue cycle management services for over 40 clients who are located chiefly in the Midwest, the company said. The purchase price was $2.92M, with approximately 77% paid in cash at the closing and the balance through an earn-out promissory note bearing interest at 3% payable over 34 months. This latest acquisition gives Nobility Healthcare an anticipated annual revenue run-rate of approximately $4M, Digital Ally noted. In addition, it recently entered into a letter of intent to acquire two additional medical billing companies with combined expected annual revenues of $3.7M for purchase prices totaling $3.4M.
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AAPL | Hot Stocks12:06 EDT Apple announces event to be held Sept. 14 - Mark Gurman of Bloomberg, CNBC and other media sources are confirming that Apple has announced it will be holding an event on September 14. It is widely expected that Apple will announce the launch of new devices at the event.
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TSLA | Hot Stocks12:04 EDT Tesla CEO says Full Self-Driving Beta 10 goes out 'a week from Friday' - Tesla CEO Elon Musk said on Twitter that he is aiming for a wider release of its Full Self-Driving feature this month. "We should be there with Beta 10, which goes out a week from Friday (no point release this week)," Musk said in response to a user asking for an update on the public beta. "It will have a completely retrained NN, so will need another few weeks after that for tuning & bug fixes. Best guess is public beta button in ~4 weeks." Reference Link
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BEDU | Hot Stocks12:00 EDT Bright Scholar falls -10.3% - Bright Scholar is down -10.3%, or -35c to $3.05.
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DOMA | Hot Stocks12:00 EDT Doma Holdings falls -11.5% - Doma Holdings is down -11.5%, or -$1.03 to $7.93.
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TISI | Hot Stocks12:00 EDT Team falls -16.3% - Team is down -16.3%, or -73c to $3.77.
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HIPO | Hot Stocks12:00 EDT Hippo rises 25.0% - Hippo is up 25.0%, or $1.31 to $6.54.
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MTL | Hot Stocks12:00 EDT Mechel rises 26.6% - Mechel is up 26.6%, or 85c to $4.05.
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IRNT | Hot Stocks12:00 EDT IronNet rises 46.5% - IronNet is up 46.5%, or $7.75 to $24.41.
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LAZR INTC | Hot Stocks11:53 EDT Luminar-equipped Mobileye Drive marks culmination of collaboration, company says - Luminar said via Twitter: "Today's unveiling of the Luminar-equipped @Mobileye Drive platform marks a culmination of our collaboration to date, accelerating Mobileye's grand ambitions and the global adoption of safe autonomy." Reference Link
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INTC | Hot Stocks11:50 EDT Intel confirms plans to build new chip manufacturing facilities in Europe - Intel CEO Pat Gelsinger, during what the company identified as "his first in-person keynote since taking the helm of Intel in February," predicted that semiconductors will account for more than 20% of the total premium vehicle bill of materials, or BOM, by 2030. "That represents a staggering 5x growth rate over 2019's 4% figure. This comes amid increasing demand for semiconductors generally. Gelsinger predicted the total addressable market for automotive semiconductors will nearly double by the end of the decade to $115 billion, accounting for more than 11% of the entire silicon TAM. This trend is being driven by what Gelsinger called "the digitization of everything" and four superpowers - ubiquitous compute, pervasive connectivity, cloud-to-edge infrastructure, and AI - that are permeating the automotive and mobility industries," the company stated in a press release timed with the IAA Mobility event. Gelsinger "reminded the audience" at the event that Intel has plans to build at least two "new leading-edge" semiconductor factories in Europe with plans for future investments that could reach 80 billion euros over the next decade. He also detailed elements of the company's previously announced IDM 2.0 strategy and shared how those programs will apply specifically for the automotive and mobility industries in the European Union, the company stated. Reference Link
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INTC | Hot Stocks11:47 EDT Intel's Mobileye, SIXT announce plan for new robotaxi service - During a keynote at IAA Mobility, Intel CEO Pat Gelsinger and Sixt SE Co-CEO Alexander Sixt announced a collaboration to begin offering autonomous ride-hailing services in Munich in 2022. "The collaboration between Intel subsidiary Mobileye and SIXT, a leading international provider of mobility services headquartered in Germany, also aspires to scale driverless ride-sharing services across Germany and other European countries later this decade. Riders will be able to access the service via the Moovit app as well as the SIXT app. The autonomous robotaxi offering will be included in SIXT's holistic mobility platform ONE, which combines in just one app products for ride hailing as well as car rental, car sharing and car subscriptions. By integrating the services of cooperation partners like Mobileye, the ONE mobility platform gives SIXT customers worldwide access to more than 200,000 vehicles, 1,500 cooperation partners, around 1.5 million drivers and soon even robotaxi services," the companies stated in a press release timed with the IAA Mobility event.
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COIN | Hot Stocks11:35 EDT Coinbase says apps may be experiencing errors - Coinbase said via Twitter, "We're aware transactions are currently delayed or cancelled at elevated rates and our apps may be experiencing errors. Our team is investigating the issue and we'll update here as soon as we know more."
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SPI AMZN | Hot Stocks11:01 EDT SPI Energy launches Amazon Store for its expanding Solar4America portfolio - SPI Energy (SPI) announced earlier the launch of a new Solar4America Amazon (AMZN) Store for Solarjuice Technology, a subsidiary of the company's SolarJuice. The Amazon store will offer a range of Solar4America-branded off-grid solar products, portable battery power supply solutions and other consumer oriented mobile power devices. "Our new e-commerce platform through Amazon will enable us to reach and service more customers," commented Xiaofeng Peng, Chairman and CEO of SPI Energy. "We will continue to expand our Solar4America-branded product portfolio, bringing fast, safe, durable, and sophisticated products to the American market. This is one of efforts to build a complete ecosystem for green energy product and services. Combined with our large offline services and installations fleets across the US, our online services will provide our customers with everything they need when it comes to green energy applications."
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ZLPSF... | Hot Stocks10:58 EDT Zooplus confirms takeover talks with KKR - Zooplus (ZLPSF) confirmed recent media reports, pursuant to which it is also in discussions with KKR (KKR) with regard to a potential voluntary public takeover offer to the shareholders of the company. "At this stage, the outcome of the discussions with the interested parties KKR and EQT remains open," the company said in a statement. Both parties have approached Zooplus with a "qualified and credible financial as well as strategic proposal, and are therefore provided with access to the same level of information," it added.
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PESI | Hot Stocks10:43 EDT Perma-fix Environmental among four prime contractors for DOD contract - The FRP Pacific Region has awarded a contract for demolition and abatement service contracts to support excess facility removal, which maximize landfill diversion and recycling credits, at multiple Department of Defense installations and other Federal Agency locations throughout Washington, Oregon, California, Hawaii, Alaska, and US Territories and Possessions in the Pacific region, according to a post to the SAM.gov website. The estimated shared capacity of the contract is $95M if all options are exercised over the performance of the contract, the site noted. This MATOC will be shared among four prime contractors, which includes PermaFix Environmental Services. Reference Link
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IFRX | Hot Stocks10:37 EDT InflaRx up 10% after award of COVID-19 funding from Germany - Shares of InflaRx are up 25c, or 10%, to $2.84 in early trading in New York after Germany's Federal Ministry of Health and the Federal Ministry of Education and Research announced that they are promoting the joint development of drugs against COVID-19. According to a translation of a German-language joint statement from the ministries, Germany is "planning to support the projects of the coordinating companies AdrenoMed AG , Apogenix AG , Atriva Therapeutics GmbH , CORAT Therapeutics GmbH , InflaRX GmbH and the DRK Baden-Wurttemberg-Hessen gGmbH with a total of around 150 million euros." Reference Link
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NTOIY | Hot Stocks10:26 EDT Neste to acquire Agri Trading, terms not disclosed - Neste has agreed to acquire 100% of Agri Trading and its affiliate entities.The transaction is subject to the completion of customary closing conditions and regulatory approval. Neste refines waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. This is possible thanks to its proprietary NEXBTL technology - a unique platform that allows the company to turn a wide variety of renewable waste and residues and oils into premium fuels and other products. Agri Trading is based in Minnesota and was established in 1977. It has become an industry leader in trading animal fat waste, used cooking oil, technical corn oil, and other vegetable oils throughout the lower 48 States, Canada, Mexico, and Europe. The company manages all aspects of transportation, logistics, transloading, and export services, providing on-time pick-up and delivery. The transaction supports Neste in its efforts to build a solid, resilient and flexible global waste and residue raw material platform that can keep pace with the customer's growing demand for renewable products. Together with previously announced acquisitions of IH Demeter, Bunge Loders Croklaan and Count Terminal in the Netherlands, and Mahoney Environmental in the United States, Agri Trading will also enhance Neste's competitiveness in the global waste and residue raw material market.
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MEGGF... | Hot Stocks10:26 EDT Meggitt continues to recommend Parker offer, notes TransDigm doesn't intend bid - The Board of Meggitt (MEGGF) notes today's announcement by TransDigm Group (TDG) that it does not intend to make a firm offer for Meggitt. "Meggitt engaged on a constructive basis with TransDigm and its advisers in order to facilitate an offer by TransDigm and has provided TransDigm and Parker-Hannifin Corporation with equivalent access to both confirmatory due diligence information and management. In addition, in response to a request from TransDigm, further due diligence information was provided to both parties after the announcement of Parker's cash offer for Meggitt. The directors of Meggitt continue to recommend unanimously the offer by Parker to Meggitt shareholders announced on 2 August 2021. The Board of Meggitt believes the Parker Offer continues to represent an attractive proposition for Meggitt's shareholders and for its broader stakeholders, including its employees, pension schemes and customers, together with HM Government, for the long-term. The company confirms that the Court Meeting and the General Meeting to consider the Parker Offer will be held at Pilot Way, Ansty Business Park, Coventry, CV7 9JU, United Kingdom at 10:00 a.m. and 10:15 a.m. respectively, or immediately after the conclusion or adjournment of the Court Meeting, on 21 September 2021, further details of which are set out in the circular in relation to the Parker Offer, which was published on 16 August 2021. The Scheme Document also contains an expected timetable of principal events in relation to the Parker Offer," according to an announcement on behalf of Meggitt made by Marina Thomas, Company Secretary, to the London Stock Exchange.
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RMCF | Hot Stocks10:21 EDT AB Value says Rocky Mountain settlement proposal 'is disingenuous' - AB Value Management and the other participants in this solicitation representing approximately 13.54% of the outstanding shares of Rocky Mountain Chocolate Factory, commented on mischaracterizations in the Company's preliminary proxy statement and the recent settlement proposal. The company said, "The Concerned Shareholders of Rocky Mountain believe that shareholders should know that the Company continues to misrepresent its interest to enhance corporate governance. Specifically, refreshment of the Company's Board of Directors over the past couple of years has largely been due to shareholder pressure. In 2019, Andrew T. Berger and Mary Kennedy Thompson joined the Board as part of a settlement agreement with AB Value. Tariq Farid joined the Board in December 2019 as part of a strategic alliance with Edible Arrangements, LLC, when Mr. Berger had not yet joined the Board. Mr. Farid subsequently resigned due to disagreements between the Company and Edible Arrangements, LLC related to the strategic alliance and ecommerce agreements. Meanwhile, Jeffrey R. Geygan-a Company nominee-also joined the Board as part of a settlement agreement with Global Value Investment Corp. in August 2021. Absent settlement related additions, the Board has failed to undertake refreshment on its own. In fact, before AB Value's campaign in 2019, the Board, which was comprised of current Company nominees Brett Seabert and Bryan Merryman, was marred by poor corporate governance practices. At the Company's 2018 Annual Meeting of Shareholders, the average Board tenure was 19 years and four of the six directors had been on the Board for at least 18 years. Brett Seabert was the newest director who joined in 2017. At the time of joining the Board, Mr. Seabert had no prior public board or related industry confectionary experience. He had been involved with real estate development, construction, and a casino management company..T.he Concerned Shareholders of Rocky Mountain's slate of five highly-qualified individuals-Andrew T. Berger, Mary Kennedy Thompson, Mark Riegel, Sandra Elizabeth Taylor and Rhonda J. Parish-was selected after an extensive evaluation of numerous potential candidates, and has the skillsets that are urgently needed at the Company. The majority of these candidates have served at public companies and bring a wide array of experience: corporate social responsibility, restaurant and confection industry expertise, sophisticated financial analysis and judgment, and successful track records. Perhaps most importantly, these candidates, if elected, will consistently strive to do what is in the best interests of ALL shareholders. "
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NMTC | Hot Stocks10:18 EDT NeuroOne Medical Technologies receives FDA clearance for Evo SEEG System - The FDA has granted FDA 510(k) clearance to NeuroOne Medical Technologies for its Evo SEEG System, according to a notice posted on the FDA's website. NeuroOne's Evo Cortical Electrode technology is the result of a collaboration with the University of Madison-Wisconsin's Alumni Research Foundation and the Mayo Foundation for Medical Education and Research Reference Link
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BA | Hot Stocks10:07 EDT Boeing appoints Matt Welch as VP, investor relations - Boeing named Matt Welch as vice president of Investor Relations. Welch will succeed Maurita Sutedja, who has accepted an opportunity outside of Boeing following more than a decade of leadership within several finance roles at Boeing. Welch's appointment is effective immediately. Welch will lead Boeing's interactions with the investment community, providing shareholders and financial analysts timely, accurate and transparent information on the company's market environment, business, performance and outlook. Currently serving as vice president of Revenue Management at Boeing Commercial Airplanes, Welch has held several roles of increasing responsibility, including in Investor Relations; Financial Planning and Analysis; and program finance. Welch and Sutedja will work together to ensure a smooth transition.
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NATI | Hot Stocks10:06 EDT National Instruments collaborates with EA Elektro-Automatik for battery test - NI announced it collaborated with EA Elektro-Automatik GmbH & Co. to offer bidirectional power supplies that support battery cycling and power-level test for electric vehicles. EA's best-in-class power supplies will be integrated into NI's software-connected toolchain as part of NI's power electronics offering to optimize battery test workflows. This joint effort accelerates the path to Zero Emissions by shortening time to market and improving safety and performance throughout the lifecycle of the battery.
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VIVO | Hot Stocks10:03 EDT Meridian Bioscience launches two new Air-Dryable qPCR mixes - Meridian Bioscience announced the launch of its new Air-Dryable Direct DNA qPCR Saliva and Air-Dryable Direct RNA/DNA qPCR Saliva Mixes, which are designed for incorporation in room-temperature stable molecular assays, directly targeting nucleic acid sequence from saliva and sputum. Meridian's new Air-Dryable Direct DNA qPCR Saliva and Air-Dryable Direct RNA/DNA qPCR Saliva Mixes have been formulated specifically to overcome the inhibitors found in saliva samples, allowing a diagnosis directly from crudely processed saliva or sputum samples - no further optimization is required aside from the addition of primers and probes. Furthermore, these mixes can be used simply in a wet format or alternatively dried down to create ambient-temperature stable assays without the need for lyophilization.
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BX | Hot Stocks10:02 EDT Duchossois Group agrees to sell The Chamberlain Group to Blackstone - The Chamberlain Group LLC announced that its owner, The Duchossois Group, has entered into a definitive agreement to sell Chamberlain Group to private equity funds managed by Blackstone. Following the close of the transaction, Chamberlain Group would remain a privately held company headquartered in Oak Brook, Ill. As part of the agreement, The Duchossois Group will retain meaningful ownership in the Company and two seats on the Company's Board of Directors following the close of the transaction. The transaction values Chamberlain Group at approximately $5B. The transaction is expected to close by the end of 2021, subject to regulatory approvals and customary closing conditions.
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MEC | Hot Stocks10:00 EDT Mayville Engineering falls -6.0% - Mayville Engineering is down -6.0%, or -88c to $13.69.
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BEDU | Hot Stocks10:00 EDT Bright Scholar falls -7.4% - Bright Scholar is down -7.4%, or -25c to $3.15.
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TISI | Hot Stocks10:00 EDT Team falls -14.1% - Team is down -14.1%, or -64c to $3.88.
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OPAD | Hot Stocks10:00 EDT Offerpad Solutions rises 25.1% - Offerpad Solutions is up 25.1%, or $2.17 to $10.80.
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MTL | Hot Stocks10:00 EDT Mechel rises 33.8% - Mechel is up 33.8%, or $1.08 to $4.28.
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IRNT | Hot Stocks10:00 EDT IronNet rises 41.1% - IronNet is up 41.1%, or $6.85 to $23.51.
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DGLY | Hot Stocks09:59 EDT Digital Ally receives order for additional 40 FirstVu HD body-worn cameras - Digital Ally announced it has received an order from the Wyandotte County Sheriff's Office for an additional 40 FirstVu HD body-worn cameras hosted on the EVO Web Portal evidence management solution. "With the help of the Company's subscription payment program, the Wyandotte County Sheriff's Office has now deployed over sixty (60) body-worn cameras in the last twelve months throughout their patrol units and county jail," Digital Ally said in a statement posted on its website. Shares of Digital Ally are up 5% to $1.44 in early trading. Reference Link
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SRZN | Hot Stocks09:59 EDT Surrozen Inc (Class A Stock) trading resumes
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CNI KSU | Hot Stocks09:57 EDT TCI Fund retains Kingsdale to halt CN's pursuit of Kansas City Southern - Long-term shareholder TCI Fund Management Limited announces it has retained Kingsdale Advisors, a North American strategic shareholder advisory and communications firm, to act as its strategic advisor and engage with Canadian National Railway's (CNI) shareholders to achieve TCI's objectives of halting CN's pursuit of Kansas City Southern (KSU) and upgrading the board of directors who, among other things, will have a mandate to identify and appoint a new CEO. Kingsdale Advisors will provide TCI with strategic advice, assist in engaging with shareholders, and, if CN continues to act in a manner that ignores the interest of shareholders and a proxy fight is required, Kingsdale Advisors will lead TCI's campaign for positive change. "We believe CN's best days are ahead of it, provided the company immediately withdraws from its reckless, irresponsible, and value destructive pursuit of KCS," said Chris Hohn, TCI Founder and Portfolio Manager. "The 'copy-cat' bid for KCS, combined with CN's continued operational underperformance, make the case for change compelling and clear."
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SRZN | Hot Stocks09:54 EDT Surrozen Inc (Class A Stock) trading halted, volatility trading pause
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SPIR | Hot Stocks09:47 EDT Spire Corporation falls -3.9% - Spire Corporation is down -3.9%, or -46c to $11.39.
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HNP | Hot Stocks09:47 EDT Huaneng Power falls -4.1% - Huaneng Power is down -4.1%, or -94c to $22.04.
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TISI | Hot Stocks09:47 EDT Team falls -9.3% - Team is down -9.3%, or -42c to $4.09.
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OPAD | Hot Stocks09:47 EDT Offerpad Solutions rises 29.8% - Offerpad Solutions is up 29.8%, or $2.57 to $11.20.
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MTL | Hot Stocks09:47 EDT Mechel rises 37.8% - Mechel is up 37.8%, or $1.21 to $4.41.
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IRNT | Hot Stocks09:47 EDT IronNet rises 50.9% - IronNet is up 50.9%, or $8.48 to $25.14.
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F | Hot Stocks09:46 EDT Ford's micromobility unit Spin expands services to Portugal - Spin, the micromobility unit of Ford Motor Company, announced it is expanding its micromobility services in Europe to the city of Matosinhos, Portugal. Starting this week, Spin will provide an initial fleet of 200 e-scooters to residents and visitors, with plans to scale the fleet based on consumer demand. The company also plans to expand to additional cities in Portugal by the end of the year. "Portugal is our sixth international launch to date and we continue to see heavy adoption of micromobility all around the world. We applaud the work that Portugal is doing to provide alternative transit solutions that support the country's climate efforts. We look forward to continuing our expansion into other Iberian cities over the course of this year," said Ben Bear, CEO of Spin.
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TDG MEGGF | Hot Stocks09:45 EDT TransDigm decides not to make takeover offer for Meggitt - TransDigm Group (TDG) announced that it does not intend to make a firm offer for Meggitt (MEGGF). TransDigm Chairman Nicholas Howley stated, "We have long admired and studied the Meggitt business and believed that a combination between the two companies could provide value to investors of both companies. However, based on the quite limited due diligence information that was made available and the resulting uncertainties, TransDigm could not conclude that an offer of 900 pence per Meggitt share would meet our long-standing goals for value creation and investor returns. TransDigm and our advisers put substantial time, effort, resources and expense into evaluating a potential transaction. We reached a memorandum of understanding with the Meggitt Pension Plan trustees, arranged the necessary financing for the acquisition which we anticipated would position us roughly in the range of leverage levels that we have used historically for larger acquisitions, and communicated our willingness to make commitments to HM Government comparable to those offered by the other bidder for Meggitt. However, consistent with our disciplined approach to capital allocation, we make acquisitions only when we see a clear path to achieving our investment return goals with a reasonable degree of certainty."
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AMRC | Hot Stocks09:44 EDT U.S. Navy awards Ameresco multiple award construction contract - Ameresco announced that Naval Facilities Command Mid-Atlantic has awarded the company's Federal Solutions team a prime contract on a large construction contract vehicle with a capacity of $950 million over 5 years. Ameresco is one of 8 awardees selected to implement projects under the contract. Task orders on this multiple award construction contract will support construction projects in the Hampton Roads region of Virginia, home to a large number of Navy facilities. The award of this design-build contract vehicle furthers the expansion of Ameresco Federal Solutions beyond the energy performance contracting market. It also extends Ameresco's partnership with the NAVFAC MIDLANT, which has previously selected Ameresco to deploy more than $200M in energy infrastructure modernization projects at Portsmouth and Norfolk Naval Shipyards.
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DD | Hot Stocks09:43 EDT DuPont invests to expand DuPont Liveo Healthcare Solutions - DuPont announced continued investment in its DuPont Liveo Healthcare Solutions capabilities and manufacturing capacity. The company is pursuing execution of its healthcare investment roadmap to meet customer needs and the healthcare industry's rapid expansion. These investments target specialty healthcare markets, such as medical devices, biopharmaceutical processing and pharmaceutical solutions. "DuPont is committed to pursuing investments in healthcare capabilities to better serve customers around the world and enable them to grow, innovate and save lives," said Eugenio Toccalino, Global Business Director, DuPont Healthcare and Specialty Lubricants. "As a result of the global biologic production trend -- the reliability and adaptability of single-use components suppliers is more critical than ever. These continued investments are a testament to our long-term commitment to the healthcare industry". New over-molding press capabilities are scheduled to go online at HIMS in November 2021. The new press will allow expanded manufacturing of Over-molded Assemblies that improve high-purity fluid transfer and biopharmaceutical processes. In the second quarter of 2022, DuPont expects to begin to operate a second healthcare site - located in Cooper River, South Carolina. The site will ensure business continuity for our customers and offer a highly reliable and sustainable supply of healthcare solutions. Additionally, in the second half of 2022, DuPont plans to expand its global manufacturing footprint to better serve customers, by adding silicone pharmaceutical tubing production capacity in China dedicated to the region's fast-growing customers.
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CIDM | Hot Stocks09:43 EDT Cinedigm says The Film Detective acquires Holland Releasing's film, TV library - Cinedigm announced that The Film Detective, the classic film restoration and streaming company, has acquired Los Angeles-based Holland Releasing's motion picture library of over 100 classic films and television shows. The expansive library includes rare archival film prints and negatives of such Hollywood classics as Frank Capra's Meet John Doe, Made for Each Other starring Carole Lombard and James Stewart, as well as Howard Hughes' grand scale, but controversial western, The Outlaw, starring Jane Russell. The library is wide ranging and includes science fiction, horror, and comedy titles. Thomas Holland, former Vice President of Columbia Pictures and Chief Operating Officer of Screen Gems, formed Holland Releasing in 1990 to produce and distribute television and theatrical programs.
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FCUV | Hot Stocks09:41 EDT Focus Universal Inc trading resumes
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MGM GMVHF | Hot Stocks09:40 EDT BetMGM partners with TAPPP to release retail gift cards - BetMGM announced a partnership with TAPPP to make BetMGM gift cards available at major convenience and grocery retail chains in select U.S. states offering legal sports betting. BetMGM gift cards are now available in $25 and $50 denominations in eight states at over 6,000 locations across the U.S.
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ENCUF | Hot Stocks09:39 EDT enCore Energy, Azarga Uranium enter definitive agreement to combine - enCore Energy and Azarga Uranium announced that they have entered into a definitive arrangement agreement whereby enCore will acquire all of the issued and outstanding common shares of Azarga pursuant to a court-approved plan of arrangement. The Transaction consolidates an industry leading pipeline of exploration and development staged in-situ recovery focused uranium projects located in the United States, including the licensed Rosita & Kingsville Dome past producing uranium production facilities in South Texas, the advanced stage Dewey Burdock development project in South Dakota, which has been issued its key federal permits, the PEA-staged Gas Hills Project located in Wyoming, and a portfolio of resource staged projects throughout the United States. The combined company will possess a uranium resource base of 90.0 million pounds in the measured & indicated category, 9.9 million pounds in the inferred category, as well as 68.4 million pounds in the historic category. Under the terms of the Agreement, Azarga shareholders will receive 0.375 common shares of enCore for each Azarga common share held. The Exchange Ratio implies consideration of $0.71 per Azarga common share based on the closing price of the enCore common shares on the TSX Venture Exchange on September 3rd, 2021. Additionally, the Exchange Ratio will be subject to an adjustment mechanism at the closing of the Transaction. The Closing Exchange Ratio shall be equal to the greater of: the Exchange Ratio; or an exchange ratio calculated as $0.54 divided by enCore's 15-day volume-weighted average price prior to the closing of the Transaction, subject to a maximum Closing Exchange Ratio of 0.49 common shares of enCore for each share of Azarga outstanding. Pursuant to the terms of the Agreement, all of the issued and outstanding common shares of Azarga will be exchanged for common shares of enCore at the Closing Exchange Ratio. Outstanding and unexercised warrants and stock options to purchase common shares of Azarga will be adjusted in accordance with their terms based on the Closing Exchange Ratio. The Agreement includes standard deal protection provisions, including non-solicitation, right-to-match, and fiduciary out provisions, as well as certain representations, covenants and conditions that are customary for a transaction of this nature, along with a termination fee of $4 million payable to enCore in certain circumstances. The proposed Transaction will be effected by way of a plan of arrangement completed under the Business Corporations Act. The Transaction will require approval by at least 66 2/3% of the votes cast by Azarga shareholders and, if required by Multilateral Instrument 61-101, a simple majority of the votes cast by Azarga shareholders excluding certain interested or related parties, in each case by shareholders present in person or represented by proxy at a special meeting of the shareholders of Azarga to be called in connection with the Transaction. The Azarga Special Meeting is expected to be held in October or November 2021. An information circular detailing the terms and conditions of the Transaction will be mailed to the shareholders of Azarga in connection with the Azarga Special Meeting. All shareholders are urged to read the information circular once available, as it will contain important additional information concerning the Transaction. Closing of the Transaction is subject to the receipt of applicable regulatory approvals and the satisfaction of certain other closing conditions customary in transactions of this nature, including, without limitation, court and stock exchange approval. Closing of the Transaction is anticipated to occur in November 2021.
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OPAD | Hot Stocks09:36 EDT Offerpad Solutions Inc (Class A Stock) trading resumes
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FCUV | Hot Stocks09:36 EDT Focus Universal Inc trading halted, volatility trading pause
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FAST | Hot Stocks09:36 EDT Fastenal reports August sales up 14.2% to $531.05M - The company reported August sales of $531.05M versus $465.22M in the same month of last year. Fastenal also reported August daily sales of $24.14M, up 9.0% versus 2020. Reference Link
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STLA | Hot Stocks09:34 EDT Stellantis appoints Christine Feuell as Chrysler Brand CEO - Stellantis announces that Christine Feuell, previously chief commercial officer at Honeywell Safety and Productivity Solutions, will join Stellantis as Chrysler brand CEO on September 13, reporting to CEO Carlos Tavares.
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OPAD | Hot Stocks09:31 EDT Offerpad Solutions Inc (Class A Stock) trading halted, volatility trading pause
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TRNO | Hot Stocks09:30 EDT Terreno Realty executes leases in Seattle - Terreno Realty announced that it has executed leases for a total of 57,000 square feet in Terreno Realty Corporation's SoDo Row redevelopment property in Seattle, Washington, with a provider of omnichannel logistics programs. The leases will commence on September 1 for 32,000 square feet and December 31 for 25,000 square feet and will expire March 31, 2027. These leases bring SoDo Row to 65% leased.
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SMTGF... | Hot Stocks09:27 EDT SMA Solar lowers forecast for current fiscal year - The Managing Board of SMA Solar Technology (SMTGF) is adjusting its sales and earnings forecast for the current fiscal year. For 2021, the SMA Managing Board expects sales between EUR 980M and EUR1.03B, previously EUR 1.075B to EUR 1.175B, and EBITDA between EUR 50M and EUR 65M, previously EUR 75M and EUR 95M, the company said. "The background to this is the undersupply of electronic components currently affecting the entire electronics industry," SMA Solar stated. "Due to the latest cancellations of firmly promised delivery quantities, the situation has also worsened significantly for SMA in the short term, contrary to expectations. We are also seeing that project developers and investors are postponing the implementation of larger PV projects until the following year. We are in intensive contact with our partners on the supplier side in order to develop suitable solutions to secure deliveries and to compensate for delivery delays as far as possible in the coming weeks as well. We continue to expect sales in the second half of the year to be higher than in the first half, but in our estimation to remain below the most recently forecast level," added CEO Jurgen Reinert. Other publicly traded companies that market solar inverters include Enphase Energy (ENPH) and SolarEdge (SEDG). Reference Link
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ILMN... | Hot Stocks09:23 EDT Illumina partners with Merck to develop, commercialize tests for cancer mutation - Illumina (ILMN) and Merck (MRK) announced a partnership to develop and commercialize tests that identify genetic mutations used in the assessment of homologous recombination deficiency, or HRD. Patients whose tumors are HRD-positive may be eligible for targeted treatment by a class of precision medicines called PARP inhibitors. This strategic partnership builds on an initial study conducted with Merck and leverages Illumina's relationship with Myriad Genetics (MYGN) to expand international access to the proprietary technology in Myriad's FDA approved myChoice CDx companion diagnostic test. Illumina will develop a new HRD CDx test for the EU and the UK to aid in the identification of ovarian cancer patients with positive HRD status who are eligible for treatment with LYNPARZA jointly developed and commercialized by Merck and AstraZeneca (AZN). In addition, Illumina will develop and commercialize a research use only HRD assay that will be add-on content for the TSO 500 RUO panel. Illumina plans to launch this product globally, excluding the United States and Japan.
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DSX | Hot Stocks09:23 EDT Diana Shipping announces time charter contract for M/V Crystalia - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Dusseldorf, for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is US$26,100 per day, minus a 5% commission paid to third parties, for a period until minimum October 1, 2022 up to maximum December 15, 2022. The charter is expected to commence on September 19, 2021. The m/v Crystalia is currently chartered, as previously announced, to Glencore Agriculture B.V., Rotterdam, at a gross charter rate of US$8,750 per day, minus a 5% commission paid to third parties. The "Crystalia" is a 77,525 dwt Ice Class Panamax dry bulk vessel built in 2014. The employment of "Crystalia" is anticipated to generate approximately US$9.71 million of gross revenue for the minimum scheduled period of the time charter.
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PAYA | Hot Stocks09:22 EDT Paya Holdings announces strategic partnership with Paradigm - Paya has announced a strategic partnership with Paradigm, a software company focused on helping organizations throughout the building industry supply chain increase efficiencies and profitability. Through the partnership, Paradigm will launch Paradigm Payments, which will offer contractors, dealers, distributors, and manufacturers the ability to collect and process payments real-time, leading to greater back-office efficiencies and the opportunity to increase on-site sales.
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SCPS | Hot Stocks09:21 EDT Scopus' Duet appoints Marcin Kortylewski as senior scientific advisor - Scopus BioPharma announced the appointment of Marcin Kortylewski, Ph.D. as Senior Scientific Advisor of Duet Therapeutics. Duet Therapeutics is a wholly-owned subsidiary of Scopus. Kortylewski is a Professor in the Department of Immuno-Oncology at the Beckman Research Institute at City of Hope National Medical Center. In his new role as Senior Scientific Advisor to Duet, Dr. Kortylewski will continue to provide scientific and other guidance on the development of the three CpG-STAT3 inhibitors constituting the Duet Platform. Dr. Kortylewski served on the Scientific Advisory Board of Scopus prior to Duet's formation.
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MTTR | Hot Stocks09:19 EDT Matterport's Pro2 3D Camera available on Amazon in Europe - Matterport announced the expanded availability of its Matterport Pro2 3D Camera on six Amazon marketplaces. In addition to the US and Canada, the Pro2 is now available in the United Kingdom, Spain, Italy, and France. By expanding across Europe, Matterport provides greater access for its customers to purchase the company's industry-leading 3D capture technology so that they can realize the benefits of the Matterport spatial data platform and the power of digital twins.
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EZGO | Hot Stocks09:19 EDT EZGO Technologies receives first export order to North America from SilverLight - EZGO Technologies announced that the Company has received its first export order from SilverLight Electric Vehicle, in accordance with the strategic cooperation agreement signed between the two companies as previously announced in a press release on August 11, 2021. The Company received an order from SilverLight for a large container of electric tricycles and two-wheeled electric bicycles valued at more than $50,000. SilverLight plans to sell EZGO's products in Florida. Mr. Jianhui Ye, Chief Executive Officer of EZGO, stated, "We are very excited to announce our first export order into North America from our strategic partner SilverLight and look forward to building upon this positive momentum in the future. This order is the first landing project of our strategic cooperation, and it also marks EZGO's entry into the North American market. Florida has an extensive and vibrant market for tourism with a significant market opportunity for slow-speed electric vehicles such as motorcycles and electric tricycles."
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MA | Hot Stocks09:19 EDT MasterCard 'expands' open banking reach with acquisition of Aiia - Mastercard announced it has entered into an agreement to acquire Aiia, a European open banking technology provider offering a direct connection to banks through a single API, allowing its customers to develop and launch new digital solutions that meet the needs of everyday life, work and play...The addition of Aiia anchors our European open banking efforts and allows us to continue to meet our customers where they are," said Craig Vosburg, Chief Product Officer, Mastercard. "As open banking continues to ignite innovation, we're committed to providing a unique set of technology platforms, data connectivity and infrastructure combined with data privacy and security principles. This will help fintechs and financial institutions innovate, gather feedback and scale faster and more effectively than ever to power smarter, more meaningful experiences."...We're excited to become a part of Mastercard and progress our journey of empowering people to bring their financial data and accounts into play - safely and transparently," said Rune Mai, CEO & Founder, Aiia.
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ORAN | Hot Stocks09:18 EDT Quest Water JV enters partnership agreememt with Orange DRC - QUEST WATER GLOBAL announced that the Company's joint venture in the Democratic Republic of the Congo, AQUAtap Oasis Partnership, has entered into a strategic partnership agreement with Orange DRC, a subsidiary of Orange, in the DRC. Pursuant to the Partnership Agreement, which is dated as of September 1, 2021, and provides for an exclusive, two-year renewable term, Orange DRC will enhance AQUAtap Oasis' ability to serve the DRC population in securing access to clean water through Orange DRC's Orange Money platform. Orange Money is the mobile money service of Orange S.A., available in most of the group's subsidiaries throughout Africa and the Middle East. Orange DRC is integrating AQUAtap Oasis' electronic water management and cashless revenue collection systems into its Orange Money digital revenue collection platform, allowing the public to purchase water from our AQUAtap Oasis Community Water Centers using their mobile phones. Under the terms of the Partnership Agreement, Orange DRC will manage all financial transactions for AQUAtap Oasis, including the collection and transfer of funds from the sale of water to AQUAtap Oasis' bank account via the Orange Money platform in exchange for a commission of 3.5%, including all taxes, on the value of all payments received by Orange DRC on behalf of AQUAtap Oasis. Orange DRC will also provide promotional marketing services throughout the DRC for the AQUAtap Oasis clean water initiative using radio, print, and social media, and will provide certain necessary items for each AQUAtap Oasis Community Water Center including no-cost wireless internet access for AQUAtap Oasis' real-time water management and cashless revenue collection systems, 20-liter co-branded, food-grade water containers for use by customers in each community, and hand-sanitizing stations at each AQUAtap installation site.
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SXT | Hot Stocks09:17 EDT FDA approves Sensient Butterfly pea flower extract - Sensient Technologies announced that the U.S. Food and Drug Administration has approved a petition filed by Sensient's Color Group to add butterfly pea flower extract to the list of approved color additives in the United States. The addition of butterfly pea flower extract is a major milestone for the food industry since it closes an important gap in the natural color palette. The novel blue color is exceptionally heat stable and enables food and beverage brands to achieve a range of shades including bright blues, intense purples, and natural greens. "Closing the performance gap between FD&C colors and those from natural sources has long been a strategic priority for Sensient. The work on butterfly pea flower extract began more than a decade ago, and it is very gratifying to see the culmination of those efforts," stated Paul Manning, Chairman, President, and Chief Executive Officer of Sensient Technologies Corporation.
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SOAC | Hot Stocks09:16 EDT Sustainable Opportunities Acquisition shareholders approve business combination - DeepGreen Metals and Sustainable Opportunities Acquisition Corporation announced that at the SOAC extraordinary general meeting held on September 3, 2021, SOAC's shareholders approved their previously announced business combination to create TMC the metals company. The transaction is expected to close as promptly as reasonably practicable, but in no event later than the third business day following the satisfaction of the closing conditions set forth in the Business Combination Agreement between SOAC and DeepGreen. In connection with the closing of the transaction, TMC expects to receive approximately $137.3 million in cash prior to transaction fees, including approximately $27.2 million of proceeds that will be distributed from the SOAC trust account after accounting for redemptions. In connection with the initial announcement of the transaction in March 2021 and the entry into the BCA with DeepGreen, SOAC entered into subscription agreements with a number of strategic and institutional investors for a $330.3 million private placement of SOAC Class A ordinary shares; however, only approximately $110.1 million of proceeds from the private placement were received as of the date hereof. SOAC intends to continue to seek to enforce the funding obligations of the non-performing investors under the subscription agreements, but there can be no assurances that it will be successful in those efforts. DeepGreen intends to wave the BCA's condition to closing that the Aggregate Transaction Proceeds shall be equal to or greater than $250 million. The DeepGreen team remains focused on delivering value to the combined company's shareholders by advancing towards commercial production from its resources of battery metals. With the expected proceeds, DeepGreen believes that the combined company will have the funding required to reach its previously stated key milestone of permitting to advance commencement of commercial production which includes, but is not limited to, completion of its nodule processing and refining pilot plant program, completion and submission of its Environmental Impact Assessment, construction and deployment of its pilot nodule collection system, and most significantly, submission of an application for an exploitation contract for its NORI area.
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INVO | Hot Stocks09:15 EDT INVO Bioscience announces official opening of second INVO Center in US - INVO Bioscience announced as the official opening for the company's second INVO Center in the United States, based in Atlanta, Georgia. This new joint-venture, named "Bloom Fertility, an INVO Center," will focus on patients in need of advanced fertility care utilizing the efficient, effective, and affordable INVOcell solution. The Atlanta-based INVO Center becomes the second INVO Center to open and will begin seeing patients immediately and perform initial INVOcell treatment cycles in the month of October 2021. Earlier this month, INVO Bioscience announced the opening of the first INVO Center based in Birmingham, Alabama. Additional INVO Centers are scheduled to open, including one in Monterrey, Mexico for this year as well as the San Francisco Bay Area.
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ESEA | Hot Stocks09:14 EDT Euroseas announces agreement to acquire 1,740 teu container vessel - Eurosea announced that it has agreed to acquire M/V Piraeus Trader, a 1,740 teu container feeder vessel built in 2006, for $25.5 million. The vessel, which is expected to be delivered to the Company within October 2021 and be renamed M/V Jonathan P, will be financed by own funds and a bank loan. Contemporaneously with the acquisition, the vessel will enter into a three-year time charter contract for about $26,700 per day net to the Company.
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ECL | Hot Stocks09:13 EDT Ecolab announces expiration date results for exchange offers - Ecolab announced results as of the expiration date at 11:59 p.m., New York City time, on September 3, 2021, of its offers to certain eligible holders to exchange its outstanding notes of the four series described in the table for up to $500 million aggregate principal amount of its newly issued 2.750% Notes due 2055 and cash. The New Notes are a further issuance of, and are in addition to, the 2.750% notes due 2055 that Ecolab issued for cash on August 18, 2021, in the aggregate principal amount of $300 million. The Exchange Offers are being conducted on the terms and subject to the conditions set forth in a confidential offering memorandum dated August 9, 2021, and related letter of transmittal. Capitalized terms not otherwise defined herein are as defined in the Offering Memorandum. Ecolab previously announced that it extended the deadline to receive the Early Participation Amount beyond 5:00 p.m. New York City time on August 20, 2021 to the Expiration Date. Accordingly, holders of Old Notes validly tendered after the Early Participation Date but at or prior to the Expiration Date will receive the Total Exchange Consideration for each $1,000 principal amount of Old Notes. As of the Expiration Date, according to D.F. King & Co., Inc., the exchange agent for the Exchange Offers, the aggregate principal amount of the Old Notes validly tendered and not withdrawn in the Exchange Offers was $387,385,000, consisting of an aggregate principal amount of each series as set forth in the table below, which amount includes the $385,293,000 aggregate principal amount of the Old Notes validly tendered and accepted by Ecolab on August 24, 2021. Ecolab expects to accept all Old Notes tendered after the Early Participation Date and at or prior to the Expiration Date, and settlement of such tendered notes is expected to occur on September 8, 2021.
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DLPN | Hot Stocks09:13 EDT Fandom gears up for new partnership with Dolphin sub Bhi - "Fandom has turned to BHI, a division of 42West and subsidiary of Dolphin Entertainment to execute comprehensive publicity efforts through 2021 for increased brand awareness and overall business growth. Fandom is an entertainment & gaming powerhouse reaching more than 315 million unique visitors each month across 250,000 fan powered communities with 30 million pages of content that get 30 billion page views per year. On Fandom, people can easily find the deepest information on every topic in TV, movies, streaming and gaming - across every genre and every level of fandom from blockbusters to niche communities, Fandom provides a place for fans to celebrate their passions through rich content and community driven engagement activities. The company recently launched its bold new look, including a logo, tagline, website and interface, all of which underscore Fandom's unwavering dedication to its loyal community, "For the Love of Fans." In addition to allowing fans to deep dive into pop culture and gaming, fans can also engage in various gaming forums and enjoy Emmy award-nominated content like Honest Trailers and the weekly news series, The Loop! . Fandom also runs the leading tabletop role-playing-game D&D Beyond, which has more than 8 million registered users and is the official digital toolseat for Dungeons & Dragons," said the company in a statement.
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MDB | Hot Stocks09:13 EDT MongoDB appoints Peder Ulander as Chief Marketing Officer - MongoDB announced the appointment of Peder Ulander as Chief Marketing Officer. Ulander will oversee the marketing organization including marketing operations, corporate communications, demand generation & field marketing, growth marketing and content marketing and will join MongoDB's executive leadership team. Ulander joins MongoDB from Amazon Web Services where he was Head of Enterprise and Developer Marketing.
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FLNT | Hot Stocks09:11 EDT Fluent acquires Winopoly, terms not disclosed - Fluent announced today that it has fully acquired Winopoly. A complementary marketplace matching consumers to brands through engaging content and live agent solutions, the acquisition of Winopoly augments Fluent's existing capabilities. Fluent acquired a 50% stake in Winopoly on April 1, 2020. With this full acquisition, Fluent accelerates its ability to provide end-to-end, personalized customer acquisition solutions to a growing roster of top-tier, global brands. To maximize the company's evolving capabilities, Fluent is also launching Fluent Sales Solutions, a new business division designed to reach consumers shopping within high-consideration categories including Medicare, Life Insurance, Auto Insurance, Home Services, Financial Services, and Legal Services. With the full integration of Winopoly, Fluent Sales Solutions will enable companies within these categories to engage high-intent consumers via their preferred channels - digital, live agent, and traditional offline.
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ALRM | Hot Stocks09:11 EDT Alarm.com's Shooter Detection Systems to showcase solutions - Shooter Detection Systems, an Alarm.com company, will return to the Global Security Exchange show at the Orange County Convention Center in Orlando September 27-29, 2021. SDS will feature indoor gunshot detection solutions at the show, introduce attendees to new developments in enterprise-level software enhancements, and highlight Guardian Wireless, the Patent Pending wireless/battery-powered gunshot detection sensor and the latest innovation to join the Guardian Indoor Active Shooter Detection line of products. "These features were developed to create an enterprise customer solution complete with the elements IT teams demand," said Rich Onofrio, Managing Director for SDS. "These latest enhancements, combined with our ability to offer customers a pure on-premise solution without the need for external access - plus our association with Alarm.com - all keep SDS at the forefront of innovation in our field and the undisputed leader in enterprise and FedGov markets." This smart sensor for gunshots offers customers the flexibility to choose a wireless solution that utilizes SDS' proven technology for rapid detection and response to shooting incidents in buildings.
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VPG | Hot Stocks09:11 EDT VPG Foil Resistors release FRFS0402 resistor - VPG Foil Resistors released the FRFS0402, its smallest ultra-high-precision Bulk Metal Foil technology resistor which features a standoff construction that offers an improvement over regular flip chip technology. VPG Foil Resistors is a brand of Vishay Precision Group. The FRFS0402 is ideally suited for use in telecommunication network equipment, medical equipment, high temperature applications, automated test equipment, mid-range audio, handheld meters and other small size instrumentation or control equipment. It also can be used in avionics, military, and space applications.
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VTEX | Hot Stocks09:09 EDT Annex Cloud announces partnership with VTEX - Annex Cloud announced a partnership with VTEX to enable enterprises to deliver personalized, omnichannel customer experiences at scale-increasing customer lifetime value, improving retention and building emotional customer bonds that last. Annex Cloud's Loyalty Experience Platform, combined with VTEX's Digital Commerce Platform, enables brands to go to market faster, identify growth opportunities, optimize operations, serve up individualized interactions across the buyer's journey, engage customers across preferred channels, add meaningful value between transactions, identify and reward their best customers, drive repeat sales, reduce churn, and build lasting customer bonds.
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GWGH | Hot Stocks09:09 EDT GWG Holdings announces resolution of Nasdaq delisting notification - GWG Holdings announced that it has successfully appealed a notice of delisting by the Listing Qualifications Department of the Nasdaq Stock Market. As a result, GWGH will continue to be traded on Nasdaq with the qualification that the company file current financial statements through June 30, 2021 by October 31, 2021, and hold its 2020/2021 annual meeting by December 31, 2021.
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GEVO | Hot Stocks09:07 EDT Gevo announces plans for hydrocarbon-process pilot unit - Gevo announced that it plans to install an alcohol-to-hydrocarbon process pilot unit at its facility located in Luverne, Minnesota. The pilot unit is being designed to produce market development quantities of sustainable aviation fuel, renewable premium gasoline, other renewable fuel products, as well as provide capability to supply market development quantities of chemical products. The installation is estimated to begin in Q3 2022 with startup demonstration production expected in Q4 2022. In addition, we expect to test and evaluate certain potential unit operations that may be incorporated into Gevo's state-of-the-art Net-Zero 1 production facility that is expected to begin production in 2024 in Lake Preston, South Dakota. Installation of the pilot unit at the Gevo-Luverne facility is part of the plan to use the facility as a technology development and piloting site. The pilot unit will also be used in training of employees for Net-Zero 1 and other future projects. Agri-Energy, LLC, Gevo's wholly-owned subsidiary that owns the Luverne Facility, rehired multiple former employees in the beginning of August, and is in the process of hiring additional employees to produce the isobutanol that is the feedstock for the hydrocarbon pilot unit. Additional operations staff will be required for the hydrocarbon production, though a certain number cannot yet be attributed to it.
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AMC | Hot Stocks09:07 EDT AMC Entertainment reports new Labor Day admissions-revenue record - AMC Theatres announced a new Labor Day admissions-revenue record eclipsing the previous admissions-revenue record set during Labor Day weekend in 2013. In addition to the admissions revenue record, the Labor Day weekend marks the first time since the beginning of COVID that attendance during a weekend in 2021 exceeded the same weekend in 2019. Overall, more than 2M people watched movies at AMC's United States theatre locations Thursday, September 2 through Sunday, September 5. More than 800,000 additional people visited AMC's international theatres in Europe and the Middle East.
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PLAN | Hot Stocks09:07 EDT QueBIT partners with Anaplan to provide integrated planning, analysis - QueBIT Consulting announced that it has formally partnered with Anaplan. "By adopting Anaplan's technology platform, clients will be able to realize the bottom-line benefits of aligning financial, sales, operations, and supply chain targets to increase efficiency, forecasting accuracy and business agility," the company said. QueBIT's experience in requirements gathering, business modeling, user experience, performance tuning, and delivery assurance enhances the quality of the outcome, particularly for large enterprise clients with unique and complex data and systems landscapes.
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TACO | Hot Stocks09:06 EDT Del Taco expands Florida development agreement with franchisees - Del Taco Restaurants announced its newest multi-unit deal that will add 10 new locations to the state of Florida in partnership with franchisees Aman Singh, Ajay Singh, Navdeep Bassi and Shubegh Bassi. The expansion deal comes just a few months after the franchisee family opened their first location in Melbourne, FL in May 2021 - the first of an existing three-unit commitment that was made in 2019. By adding 10 new restaurants to their deal, the franchisee family gains exclusive rights to the Indian River, Brevard and Volusia counties along Florida's Space Coast and Treasure Coast regions. Del Taco's unique QSR+ positioning within the Mexican quick-service segment presents great growth potential for experienced multi-unit operators and private equity firms looking to diversify portfolios. With development areas open across the U.S., Del Taco is continuing to seek multi-unit operators who are looking for the opportunity to claim a territory and grow alongside the company.
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MILE TKOMY | Hot Stocks09:05 EDT Metromile, Tokio Marine Holdings partner to reduce insurance fraud - Metromile Enterprise (MILE) announced Tokio Marine Group (TKOMY) is now using the artificial intelligence fraud-detection product Metromile DETECT across its property and casualty lines of business in Japan. By deploying Metromile DETECT, Tokio Marine believes it has succeeded in detecting suspected fraudulent claims with higher accuracy than leading U.S. insurers. Tokio Marine licensed Metromile Enterprise's no-code claims platform to improve the efficiency of its claims department and claims service. Tokio Marine analyzed claims payment and accident data with Metromile DETECT to detect fraudulent claims earlier and identify legitimate claims to be paid promptly with higher accuracy. Tokio Marine integrated Metromile DETECT with its existing claims infrastructure in less than four months, much faster than the typical six months to more than a year insurance carriers take to implement a new digital initiative. In its first month of deployment, Metromile DETECT equipped Tokio Marine with the ability to check all new claims for fraud, increasing customer and employee satisfaction with faster claims resolution. Metromile Enterprise's artificial intelligence scans claims in seconds and routes claims to the appropriate divisions, building a feedback loop with an insurer's investigative experts.
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SUMO NOW | Hot Stocks09:02 EDT Sumo Logic announces integration with ServiceNow Service Graph Connector Program - Sumo Logic (SUMO) announced it has joined the ServiceNow (NOW) Service Graph Connector Program by integrating its Continuous Intelligence Platform for logs, metrics, traces and events with Service Graph, helping customers to quickly, easily, and reliably load third-party data into the system, enabling data quality, timeliness, and scalability. Connectors validated by ServiceNow's Service Graph Connector Program integrate the expertise of the ServiceNow partner ecosystem into Service Graph. Sumo Logic's Service Graph Connector enables customers to effectively manage their modern digital product and services lifecycles by: Ingesting auto-discovered, ephemeral AWS and VMware asset data from Sumo Logic's observability solution to update the ServiceNow Configuration Management Database in real time. Extending the CMDB system of record beyond traditional IT operations, giving IT teams more context and visibility into modern application development, deployment and operational processes. Driving more efficient triage and risk management for security operations teams through automated enrichment of security incidents with asset data collected by the Service Graph Connector.
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BLDP | Hot Stocks09:01 EDT Ballard Power, QUANTRON announce strategic partnership - Ballard and QUANTRON announce a strategic partnership for the development of hydrogen fuel cell electric trucks. Initial collaboration will focus on the integration of Ballard's FCmove family of heavy-duty fuel cell power modules into QUANTRON's electric drivetrain and vehicles. Fuel cell electric truck platforms currently in development include a 7.5t delivery truck, a 44t heavy duty truck and a municipal waste collection truck. Initial deployment of fuel cell electric trucks is scheduled for the second half of 2022. In Europe, various government subsidies and incentives will be available to vehicle fleet operators. Specifically, Germany has recently committed to covering up to 80% of conversion costs from internal combustions engines to alternative drives through the e-mobility support program. Robert Campbell, Chief Customer Officer of Ballard Power Systems: "Ballard is looking forward to collaborating with QUANTRON to accelerate the adoption of fuel cell technology for truck applications. The combination of both companies' expertise will deliver high performance hydrogen trucks to respond to the growing demand for zero emission vehicles from fleet operators and unlock new business opportunities for medium and heavy-duty fuel cell trucks in Germany. Ballard is bringing its 8th generation of heavy-duty fuel cell power module experience built upon over 85 million km's of road service from over 3,500 buses and trucks powered by our leading PEM technology today." Heavy duty vehicles have a higher impact on emissions and air pollution in cities than any other vehicle. The critical role of hydrogen and fuel cell technologies in the decarbonization of this sector has now been recognized in many European countries' hydrogen strategies. "The QUANTRON-Ballard collaboration will leverage the synergies between battery electric and fuel cell electric powertrains to enable a greener, faster and more cost effective decarbonization of the transportation," the company said.
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COFS | Hot Stocks08:59 EDT ChoiceOne Financial completes $32.5M subordinated notes offering - ChoiceOne Financial Services announced the completion of a private placement of $32.5M in aggregate principal amount of 3.25% fixed-to-floating rate subordinated notes due 2031. The Company intends to use the net proceeds of the private placement for general corporate purposes, including support for organic growth plans, possible redemption of senior debt, common stock repurchases and support for bank-level capital ratios. The Notes will initially bear interest at a fixed interest rate of 3.25% per annum until September 3, 2026, after which time the interest rate will reset quarterly to a floating rate equal to a benchmark rate, which is expected to be the then current three-month term Secured Overnight Financing Rate plus 255 basis points until the Notes' maturity on September 3, 2031. The Notes are redeemable by the Company, in whole or in part, on or after September 3, 2026, and at any time upon the occurrence of certain events. The Notes have been structured to qualify as Tier 2 capital for the Company for regulatory capital purposes.
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ASYS | Hot Stocks08:58 EDT Amtech Systems reports record semiconductor segment bookings in August - Amtech Systems announced record bookings in its semiconductor segment for the month of August, totaling over $14M, representing strong demand in multiple end markets and applications. The systems booked in August will begin shipping in Q1 of 2022 and throughout the first half of FY22. The demand for BTU reflow ovens came in equal parts from the resurgence of the automotive electronics SMT sector globally and from ovens used for advanced packaging applications, including BTU's Pyramax TrueFlat configuration. The 300mm BDF diffusion furnaces, key for power semiconductor fabrication, also saw surging demand in the past month, with follow-on bookings from multiple 300mm customers. Additional bookings came from BTU's custom high-temp belt furnaces used for Direct Copper Bonding and other advanced applications.
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KALV | Hot Stocks08:54 EDT KalVista treatment of bradykinin-mediated angioedema granted orphan designation - KalVista Pharmaceuticals' treatment of bradykinin-mediated angioedema was granted orphan designation by the FDA, according to a post to the regulator's website. Reference Link
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NVST | Hot Stocks08:54 EDT Envista announces intended sale of KaVo Treatment Unit, Instrument to Planmeca - Envista Holdings announced it entered into a binding agreement to sell its KaVo Treatment Unit and Instrument business to planmeca Verwaltungs GmbH for up to $455M, which includes a potential earn-out payment of up to $30M. The sale is expected to close at the end of 2021. The revenue of the business to be sold was approximately $357M and $317M in fiscal years 2019 and 2020, respectively. KaVo Treatment Unit & Instruments is a global developer, manufacturer, and supplier of industry defining dental treatment units and instruments. The business to be sold is part of Envista's Equipment & Consumables segment. Envista's Imaging business, which also currently uses the KaVo brand for select products, will stay with Envista as part of the Equipment & Consumables segment. It is expected that the KaVo Treatment Unit and Instrument business will be reported as a discontinued operation beginning with Envista's third quarter 2021 10-Q filing. The transaction is subject to the satisfaction of certain customary closing conditions, including the receipt of applicable regulatory approvals. The transaction is not subject to financing conditions or a shareholder vote.
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FFIE | Hot Stocks08:51 EDT Faraday Future searches for store operations in New York City, Los Angeles - Faraday Future announced that it is actively searching for locations for its permanent flagship store operations in both Los Angeles and New York City. Locations will be in upscale, high traffic areas in both cities. FF flagship stores will offer future users a showcase to view and experience the FF 91's design, technology and features, including its third internet living space and performance capabilities. FF will go-to-market using an Eco-O2O direct sales model leveraging its online platforms, FF-owned stores, and partner-owned stores and showrooms for an asset-light sales network expansion. Having its own distribution network will allow FF to provide a user experience. FF is targeting a future flagship store presence in the 20 top cities around the world by 2025.
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ZKIN XNGSF | Hot Stocks08:49 EDT ZK International Group starts to supply ENN Energy - ZK International (ZKIN) announces that the company has started to supply pressed-type carbon steel pipeline to ENN Energy Holdings Limited (XNGSF) with an estimated total sales amount of $12.5M based on the estimated size of gassing projects ENN is engaging and estimated proportion ENN seeks to supply from the Company. The Company announced it was approved by ENN as a Qualified Stainless Steel Gas Pipe Supplier in May 2021, and now the Company has agreed with ENN on its procurement plan and started to supply for ENN's gassing infrastructure projects. Jiancong Huang, Chairman and CEO of ZK International, stated, "We are pleased that ENN has engaged us into its procurement plan, and we are glad to participate in the Clean Energy Initiative which aims to replace coal with clean energy. Over the past few years, we have adopted several national standards to standardize the construction and engineering criteria for the pressed-type carbon steel pipeline system, and we are pleased to see our quality and innovation have been recognized. ENN China strictly enforces a high standard of selecting its gas pipeline suppliers, considering the instances of gas leakage can be fatal. Therefore, ZK's experience and quality of the manufacturing are essential to ENN's commitment to adopting more carbon steel piping systems in its future residential gas pipeline projects from ZK. We believe as the Clean Energy Initiative starts to roll out across all northern cities of China, we will face a great opportunity with the increasing demand of the gas infrastructure."
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RCON | Hot Stocks08:47 EDT Recon Technology announces $1.4M contract for disposal of oil sludge - Recon Technology announced that its subsidiary, Gansu BHD Environmental Technology, and Yumen Oilfield Engineering Construction, a wholly-owned subsidiary of China National Petroleum Corporation, signed a service contract for the hazardous waste disposal technology service project of various oil production plants of Yumen Oilfield. The contract amount is approximately $1.4M and the contract period is one year. Gansu BHD has a 50-year land use right for 26,235.59 square meters in Yumen City and built a production line with an annual treatment capacity of 60,000 tons of oilfield oily waste comprehensive utilization and harmless comprehensive disposal with a cumulative investment of approximately RMB40 million. Gansu BHD has also achieved a necessary and scarce hazardous waste operating permit issued by the Jiuquan Environmental Protection Bureau in Gansu province. The Company currently owns a 70% interest in Gansu BHD. Chen Guangqiang, Founder and CTO of Recon, said, "We are delighted to have won the contract of the sludge disposal for several oil production plants in the Yumen Oilfield. Since we started production in 2019, we have been awarded six contracts for the disposal of sludge from oil production plants under the Yumen Oilfield, with the service tonnage of individual contracts increasing from tens of tons to hundreds of tons to thousands of tons per contract. Gansu BHD's sludge treatment project line is currently the only such treatment facility in Gansu Province. Gansu BHD has taken the lead in developing the domestic oil sludge treatment technology and has been continuously improving its own production and treatment process. This is the basis for us to continue to gain recognition from oilfield companies and obtain new service contracts. Gansu BHD has signed an aggregate of about RMB18 million in service contracts."
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VSQTF | Hot Stocks08:46 EDT Victory Square Technologies says Fantasy 360 to start trading on CSE - Victory Square Technologies is pleased to announce that its portfolio company, Fantasy 360 Technologies Inc. d/b/a Immersive Tech has received final approval for listing from the Canadian Securities Exchange. The common shares of Immersive Tech will commence trading on the CSE under the symbol "VRAR" on September 8, 2021.
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NCMI | Hot Stocks08:45 EDT National CineMedia announces Maria Woods rejoins as EVP General Counsel - National CineMedia announced that Maria Woods has rejoined the company as Executive Vice President and General Counsel. Woods previously served in several key leadership roles on NCM's legal team from 2010 through 2015, rising to the role of National CineMedia, LLC's EVP and General Counsel. She reports to NCM CEO Tom Lesinski and will be based in Denver. NCM CEO Tom Lesinski said: "Maria's experience negotiating and managing complex financial transactions includes completing several important securities offerings during her previous tenure at NCM, as well as the 2013 sale of the Fathom business division to our founding exhibition partners. Her talent for quickly identifying the best course of action when it comes to legal affairs of all types and her institutional knowledge of NCM's history makes her the ideal person to add to our executive leadership team."
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CODI | Hot Stocks08:45 EDT Compass Diversified acquires Lugano Diamonds & Jewelry for $256M - Compass Diversified announced it has acquired Lugano Diamonds & Jewelry, a designer, manufacturer and marketer of high-end, one-of-a-kind jewelry, for an enterprise value of $256 million. Lugano will continue to be led by its current leadership team, and existing owners and management will retain a significant minority stake in the Company. Based in Newport Beach, California and founded in 2004, Lugano makes one-of-a-kind jewelry for some of the world's most discerning clientele. In addition to its product offerings, Lugano frequently partners with local, influential organizations to host and sponsor more than 100 equestrian, social and philanthropic events throughout the year. With a unique product catalogue, deep ties to its local communities and its intimate, salon-based sales model, Lugano builds long-lasting connections with its clients that have allowed it to achieve consistent growth for over 15 years.
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SSL | Hot Stocks08:44 EDT Sasol, Central Energy Fund sign MOU for gas development in South Africa - Sasol and the Central Energy Fund have signed a memorandum of understanding, or MOU, to collaborate on accelerating the development of gas solutions in South Africa. This agreement brings together South Africa's two leading pioneers of the gas industry that possess deep experience in operating across the gas value chain, from exploration to downstream operations. "At the core of achieving our strategic mandate of ensuring security of supply is domestic job creation and an approach to the just energy transition that fosters increasing domestic value addition. In this regard, gas remains a critical component in our country's just energy transition journey, and our continued collaboration with Sasol in unlocking growth in the gas space remains critical for us in contributing to the achievement of an optimal energy mix," said Dr Ishmael Poolo, Group Chief Executive of CEF. Gas is a significant contributor to South Africa's energy mix and its importance is expected to grow. Key focus areas will include future gas supply options, as well as enabling infrastructure critical to sustain and grow the gas market. Both companies will explore developing multiple low-cost gas import locations around the country.
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PPG | Hot Stocks08:42 EDT PPG expects lower Q3 sales volumes due to commodity supplies disruptions - PPG announced that it expects sales volumes in Q3 will be lower by $225M to $275M, compared to what the company anticipated at the start of the third quarter. PPG's sales volumes are being impacted by the increasing disruptions in commodity supplies; further reductions in customer production due to certain parts shortages such as semi-conductor chips; and continuing logistics and transportation challenges in many regions, including the U.S., Europe and China. In addition, raw material inflation for the third quarter is trending higher than previously communicated by about $60M to $70M. The coatings commodity supply disruptions have further deteriorated since the company's earnings announcement on July 19, due to several additional force majeure declarations and lower material allocations from certain suppliers. The company also continues to assess the full impact of Hurricane Ida, which could include additional supply chain effects. The company reported that aggregate global economic demand remains robust, and that inventories in many of the company's end-use channels are at very low levels. When supply conditions normalize, the company continues to expect strong sales growth into 2022. In addition, the company reported that it continues to make measurable progress implementing selling price increases to help offset the elevated raw material costs, and is seeking further increases. Overall price increases for the third quarter are estimated to be about 5% with similar contributions from both operating segments.
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AXTA | Hot Stocks08:42 EDT Axalta Coating to showcase coatings for electric vehicle batteries - Axalta will unveil a portfolio of coatings that enhance the performance, durability, safety and cost of electric vehicle batteries and motors at The Battery Show North America, September 14 -16 in Novi, MI. The company will also introduce its latest Plascoat thermoplastic powder that delivers corrosion, dielectric, stone chip and fire protection in a single layer of coating. The Axalta booth at The Battery Show will feature a range of solutions for battery cell, module and pack applications including cell can/holder protection, bus bar and module racking, thermal gap fillers, EMI/RFI shielding and corrosion, impact, dielectric and fire protection for battery enclosures. Axalta's portfolio of electrocoats, thermoset and thermoplastic powder coatings, fire intumescent liquid coatings and casting resins have been specifically designed for these battery applications. "With the increasing number of electric vehicles being sold every year and with no industry-wide standards to guide product development, manufacturers need to solve engineering challenges quickly and cost effectively," said Michael Glomp, Axalta's Vice President of Energy Solutions. "By leveraging our deep expertise in energy solutions coupled with our intimate knowledge of the automotive industry and eMobility market, Axalta is rapidly developing coating solutions tailored to the unique needs of EV manufacturers." Axalta will also unveil a new multifunctional thermoplastic powder at the event. Plascoat PPA571ES FR consolidates corrosion, dielectric and stone chip protection in a single coating layer, saving battery space, production time and cost. In addition to battery coating solutions, Axalta will showcase its portfolio of electrical insulation coatings for electric motors including wire enamels, impregnating resins and electric steel coatings.
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ALBO | Hot Stocks08:42 EDT Albireo Pharma sells priority review voucher for $105M - Albireo Pharma announced that it has entered into a definitive agreement to sell its Priority Review Voucher for $105 million. The PRV was granted to Albireo under a U.S. Food and Drug Administration provision that encourages the development of treatments for rare pediatric diseases. The Company received the voucher with the approval of Bylvay for the treatment of pruritus in all types of progressive familial intrahepatic cholestasis. Albireo will receive a payment of $105 million upon the closing of the transaction, which is subject to customary closing conditions and is expected to occur following expiration of the applicable U.S. antitrust clearance requirements. Jefferies LLC acted as financial advisor to Albireo on this transaction and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. acted as legal advisor. The net sales proceeds expected from this transaction are in addition to the $186.3 million in cash, cash equivalents and short-term investments Albireo reported as of June 30, 2021.
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VCEL SNY | Hot Stocks08:41 EDT Vericel appoints Patrick Fowler as SVP, corporate development, strategy - Vericel Corporation (VCEL) announced the appointment of Patrick Fowler as Senior Vice President, Corporate Development and Strategy, effective today. Most recently, Mr. Fowler served as Head, North America Strategy, Operations & New Product Development for Sanofi (SNY), formerly Genzyme Corporation.
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HZNP | Hot Stocks08:39 EDT Horizon Therapeutics initiates trial evaluating Tepezza for TED treatment - Horizon Therapeutics announced that the first patient has been enrolled in a Phase 4 clinical trial evaluating the efficacy and safety of TEPEZZA for the treatment of chronic TED. TEPEZZA is the first and only medicine approved by the U.S. Food and Drug Administration for the treatment of TED - a serious, progressive and potentially vision-threatening rare autoimmune disease.TED begins with an acute ( phase where inflammatory signs and symptoms, such as eye pain, swelling, proptosis (eye bulging) and diplopia, progress over time.1,2 The disease then enters a chronic phase where inflammation is no longer present or has markedly diminished, but significant signs and symptoms may remain. "It is common for patients who are in the chronic phase of the disease to continue having debilitating symptoms, like eye pain and bulging, that interfere with daily living and require treatment," said Raymond Douglas, M.D., Ph.D., trial investigator and director of the Orbital and Thyroid Eye Disease Program, Cedars-Sinai Medical Center. "In a number of published case reports and analyses, TEPEZZA improved Thyroid Eye Disease symptoms, including eye bulging, when administered in the chronic phase. This trial will help us understand these observations in a controlled clinical setting." The primary efficacy endpoint is change from baseline at Week 24 in proptosis in the study eye. The trial will also assess proptosis responder rate, diplopia responder rate, change in orbital pain, change in muscle volume and change in the Graves' Ophthalmopathy Quality of Life questionnaire appearance and visual functioning subscales. Proptosis non-responders who have completed the treatment period may choose to enter an open-label extension period where they will receive eight infusions of TEPEZZA. More information about the trial, including full eligibility criteria, can be found at clinicaltrials.gov .
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GROY | Hot Stocks08:39 EDT Gold Royalty, Abitibi Royalties, Golden Valley announce definitive agreements - Gold Royalty, Abitibi Royalties, and Golden Valley Mines and Royalties announce that they have entered into definitive agreements dated September 6, 2021, pursuant to which Gold Royalty will acquire all of the issued and outstanding common shares of each of Abitibi Royalties and Golden Valley by way of statutory plans of arrangement. Under the terms of the Agreement with Abitibi Royalties, which was negotiated at arms-length, each holder of the common shares of Abitibi Royalties will receive 4.6119 Gold Royalty common shares for each Abitibi Royalties Share held. Such share exchange ratio implies consideration of C$25.33 per Abitibi Royalties Share and a premium of approximately 22% to Abitibi Royalties shareholders based on the 20-day volume weighted average price of the Gold Royalty Shares and Abitibi Royalties Shares ending on September 3, 2021. Under the terms of the Arrangement with Golden Valley, which was negotiated at arms-length, each holder of the common shares of Golden Valley will receive 2.1417 Gold Royalty Shares for each Golden Valley Share held. Such share exchange ratio implies consideration of C$11.76 per Golden Valley Share and a premium of approximately 86% to Golden Valley shareholders based on the 20-day volume weighted average price of the Gold Royalty Shares and Golden Valley Shares ending on September 3, 2021. The consideration for the Golden Valley Shares reflects Golden Valley's ownership in Abitibi Royalties plus the additional value of its other assets. At closing, existing Gold Royalty, Abitibi Royalties and Golden Valley shareholders will own approximately 54%, 23% and 23%, respectively, of Gold Royalty after giving effect to the Arrangement on a fully diluted and in-the-money basis.
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STIM | Hot Stocks08:38 EDT Neuronetics, Zion Healing announce first franchise model for TMS clinics - Neuronetics and Zion Healing announced a new agreement under which Neuronetics will be the exclusive supplier of TMS equipment to Zion Healing, Inc. and its franchisees. Zion Healing, Inc. is one of the first and only companies to offer a scalable model for franchising of Mental and Behavioral Health Clinics. NeuroStar Advanced Therapy is a non-invasive, non-drug treatment option that uses transcranial magnetic stimulation to target key areas of the brain that are underactive in people with depression. NeuroStar is the leading TMS treatment for depression in adult patients who have failed to achieve satisfactory improvement from prior antidepressant medication in the current episode. NeuroStar has been proven to be safe and effective with over 4 million treatments delivered to 110,000 patients to date.
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CRMD | Hot Stocks08:36 EDT CorMedix encounters delays at third-party contract manufacturer - The company said, "CorMedix provided an update with respect to its resubmission timeline for the DefenCath New Drug Application. CorMedix has encountered delays at its third-party contract manufacturer. The Company was informed by the CMO that there are issues that are unrelated to DefenCath manufacturing activities. The timeline for CorMedix and the CMO to address deficiencies at the facility that are required for resubmission of the DefenCath NDA is uncertain at this time. We will provide an update when more information becomes available."
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CYDY | Hot Stocks08:35 EDT Group of CytoDyn stockholders responds to 'misleading' company news release - A group of long-time stockholders of CytoDy that has nominated five highly experienced director candidates to serve on the Company's Board of Directors today responded to a news release issued by CYDY on September 3. that completely misrepresented a voluntary stipulation filed by the Nominating Stockholders in the litigation initiated by the Company in the United States District Court. This misrepresentation is a blatant attempt to quash shareholders' ability to vote for an alternate slate of directors. The facts are that the Nominating Stockholders voluntarily corrected an unintentional oversight by filing two public communications with the SEC, and submitted to the court a short stipulation acknowledging their continued commitment to comply with the securities laws as a showing of good faith, which they asked the Court to so-order. The Company's release is just another example of its desperation and attempt to distract shareholders from the Board's and management's mismanagement of CYDY. The Nominating Stockholders are confident that the shareholders of CYDY can see past these continued attempts by the Company to create noise and urge them to focus on the very significant issues facing the Company. It remains highly disturbing that CYDY continues to expend very significant resources to entrench itself and prevent shareholders from voting for an alternative slate of directors. Attempting to twist the continued good faith actions of the Nominating Stockholders in litigation that CYDY itself initiated simply illustrates desperation and fear to allow shareholders to make their rightful choice.
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PHUN | Hot Stocks08:35 EDT Phunware appoints Ryan Costello, Rahul Mewawalla to board of directors - Phunware announced the appointment of Ryan Costello and Rahul Mewawalla to the Company's Board of Directors. Ryan Costello previously served in the United States Congress from 2015 to 2019, where he focused on digital commerce and technology issues, including privacy, Internet of Things, cyber security and healthcare IT. Rahul Mewawalla is a digital, product, technology and business leader. He has extensive strategic and operational leadership experience across digital, product, technology, platforms, internet, software, technology, telecommunications, financial services and media companies.
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ANIX | Hot Stocks08:35 EDT Anixa Biosciences appoints Pamela Garzone as Chief Development Officer - Anixa Biosciences announced the appointment of Pamela Garzone, Ph.D., as Chief Development Officer. Dr. Garzone will oversee Anixa's vaccine and therapeutic development programs and will report to the CEO. Garzone is a senior pharmaceutical executive with over 25 years of diverse experience in the industry.
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GE | Hot Stocks08:34 EDT General Electric initiates testing on second XA100 adaptive cycle engine - General Electric has initiated testing on its second XA100 adaptive cycle engine as part of the U.S. Air Force's Adaptive Engine Transition Program, or AETP. Testing began on August 26 at GE's Evendale, Ohio, altitude test facility. This is GE's final planned prototype engine as part of AETP. Full-scale prototype engine testing in the AETP program is the capstone of a multi-year technology maturation and risk reduction effort to bring an adaptive cycle engine to full maturity in close partnership with the U.S. Air Force. GE's first XA100 engine tests began in December 2020, marking the world's first ever run of a flight-weight three-stream adaptive cycle engine. Tests successfully validated the engine's ability to deliver transformational propulsion capability to current and future fighter aircraft. Engine prototypes assembled as part of AETP are designed to fit and integrate directly into the F-35.
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UAVS | Hot Stocks08:34 EDT Ageagle Aerial Systems' MicaSense to expand line of sensor solutions - AgEagle Aerial Systems announced that its wholly-owned subsidiary, MicaSense, plans to expand its line of sensor solutions with the launch of its next generation of high performance multispectral sensors, providing the best economics, highest resolution and most extensive data analysis capabilities of any multispectral drone sensors offered in the market today. Over the next three months, MicaSense will commence the global roll-out of its next generation multispectral sensors, unveiling detailed specifications, functionality and user benefits upon launch of each new sensor. In addition, MicaSense will be releasing a new firmware update that will provide users of Altum and RedEdge-MX Skyport integrations with high quality and precisely geotagged multispectral data. The Skyport connector facilitates data transmission, communication and precision time and position synchronization between the drone and MicaSense sensors, requiring only a firmware update to access centimeter-level GPS accuracy on supported DJI drones.
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NCBS | Hot Stocks08:33 EDT Nicolet Bankshares announces 15 branches to consolidate, close - Nicolet Bankshares announced that it intends to reduce its total number of locations with the consolidation or closure of fifteen branches, as well as the sale of its Birmingham, Michigan location. The branches that will consolidate or close are: In Wisconsin - Dorchester, Mosinee, Rib Lake, St. Germain, Three Lakes, Aurora, Florence, and Eagle River. In Michigan - Menominee, Alanson, Kaleva, Mio, West Ishpeming, Negaunee, and Marquette. Nicolet has notified employees in the affected branches, and customer notification letters are expected to be issued this week. The branches are anticipated to close on December 10, 2021. Mike Daniels, President and CEO of Nicolet said, "As we stated in the mBank merger announcement, customers continue to tell and show us that convenience no longer means a branch on every corner. Convenience is being redefined as a seamless, frictionless experience through all channels. While we still view the branch system as an effective way to serve our customers, we also recognize the need to continue our investments in digital channels. We intend to find the right balance of investing in traditional branch channels and non-branch channels. This announcement is a logical and thoughtful action to find that balance." In addition, Nicolet announced that its wholly owned banking subsidiary, Nicolet National Bank, has entered into a definitive purchase and assumption agreement to sell its Birmingham, Michigan branch, including legacy mBank's asset-based lending team, to Bank of Ann Arbor. As of August 31, 2021, the Birmingham location had total loans of approximately $176M and total deposits of approximately $57M. Completion of the branch sale remains subject to regulatory approval and other customary closing conditions contained in the purchase and assumption agreement.
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DDD ANSS | Hot Stocks08:32 EDT 3D Systems appoints Brent Stucker as chief scientist - 3D Systems (DDD) is pleased to announce that Dr. Brent Stucker is joining the company to serve in the newly created role of Chief Scientist. Dr. Stucker was previously employed by Ansys (ANSS), where he served as Director of Additive Manufacturing and as Distinguished Engineer. He joined Ansys following their acquisition of 3DSIM in 2017, a software simulation company that he co-founded and led as CEO. 3DSIM was the first AM simulation company and a pioneer in the use of simulation for process control and optimization of 3D printing.
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MECVF | Hot Stocks08:31 EDT mdf Commerce delivers integrated ecommerce solution to Grafton Apparel - mdf commerce announced the integration of solutions to increase overall ecommerce efficiency for Grafton Apparel. Both Orckestra and k-ecommerce solutions powered by mdf commerce have been leveraged to provide a fully integrated solution. By integrating an omnichannel order management system, mobile store fulfillment tools and data connectivity capabilities, the mdf commerce ecommerce solutions have allowed Grafton Apparel to streamline the omnichannel customer experience, optimize fulfillment time and increase overall order management throughput. The solution implemented by mdf commerce has been integrated within the Grafton Apparel existing systems.
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FAMI | Hot Stocks08:30 EDT Farmmi wins new order for export to Southwest Asia - Farmmi announced the company's subsidiary Zhejiang Forest Food, won a new product order for its popular dried whole Shiitake mushrooms. The customer will export Farmmi's Shiitake mushrooms to Southwest Asia. Yefang Zhang, Farmmi's Chairwoman and CEO, commented, "Our latest win comes from one of our long-term customers, with a far reaching business network. By successfully supporting such important relationships, we are able to leverage our many partners' logistics investments and established distribution networks. This allows us to focus on our direct farm and collective networks to ensure we have adequate supply on hand to meet increased customer demand for our high-quality agricultural products. In addition to the well-established nutritional benefits of mushrooms, we are seeing more interest in the inherent cultivation benefits given the low water requirements, which is critical in geographic markets worldwide."
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NAT | Hot Stocks08:30 EDT Nordic American Tankers announces Shipping Minister of India visits Nordic Moon - The company said, "A distinguished person visited our vessel NORDIC MOON in Mumbai, India, Friday September 3, 2021. The Shipping Minister of India Mr. Sarbananda Sonowal and his team visited our ship. We are honoured to have such a prominent guest from one of the world's largest nations on-board one of our top quality Suezmax tankers. From time to time NAT is discharging cargoes in India, often originating in the Arabian Gulf."
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BIOVF | Hot Stocks08:29 EDT Swedish Orphan Biovitrum announces publication of Phase 3 anakinra study results - Swedish Orphan Biovitrum announced that Nature Medicine has published results from the investigator-sponsored Phase 3 SAVE-MORE randomized controlled trial evaluating anakinra plus standard of care versus placebo plus SOC in hospitalized adult patients with COVID-19 pneumonia as measured by the 11-point World Health Organization Clinical Progression Scale at day 28. The study demonstrated that patients treated with anakinra were significantly more improved than those treated with placebo. Additional analyses showed that early and targeted use of anakinra, in addition to current SOC, reduces risk of death, reduces ICU admission and increases likelihood of full recovery in hospitalized COVID-19 patients with poor prognosis due to risk of severe respiratory failure. The SAVE-MORE study, conducted by the Hellenic Institute for the Study of Sepsis, is among the first large, pivotal randomized controlled trials to specifically evaluate a patient population at risk of progressing to critical state and demonstrate considerable benefit of earlier intervention for the prevention of disease progression and death. Co-administered treatments were similar between the two arms of the study and included dexamethasone, anticoagulants and remdesivir. The study results were previously reported in May.
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RARE | Hot Stocks08:27 EDT Ultragenyx announces Health Canada approval of second indication for Crysvita - Ultragenyx Pharmaceutical announced that Crysvita has been approved by Health Canada for the treatment of Tumour Induced Osteomalacia in adults. Crysvita is also approved for the treatment of X-Linked Hypophosphatemia. TIO is a rare disease that is characterized by the development of tumours that cause weakened and softened bones. The tumours associated with TIO release a protein known as fibroblast growth factor 23 that lowers phosphate levels. CRYSVITA is indicated for the treatment of fibroblast growth factor 23-related hypophosphatemia in tumour-induced osteomalacia associated with tumours that cannot be curatively resected or localized in adult patients. Treatment should be initiated and monitored by a health professional experienced in the management of patients with metabolic bone diseases.Safety and efficacy in pediatric and geriatric populations have not been established.
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BNGO | Hot Stocks08:24 EDT NuProbe Global adopts Bionano's Saphyr System to develop products - Bionano Genomics announced that NuProbe Global, a global molecular diagnostics company based in Shanghai, China and Houston, Texas, has adopted Bionano's Saphyr system for optical genome mappin to integrgate their Quantitative Amplicon Sequencing and Blocker Displacement Amplification technologies for research and product development in the fields of reproductive health and oncology liquid biopsies.
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LSEA | Hot Stocks08:23 EDT Landsea Homes closes on 20 additional homesites as Bulow Creek Preserve - Landsea Homes announced that it has closed on 20 additional homesites at Bulow Creek Preserve at Halifax Plantation in Ormond Beach, Florida. Landsea Homes offers popular floorplans ranging from 1,813 to 2,607 square feet with options for two to four bedrooms and three-car garages. Bulow Creek Preserve consists of 32 acres between the historic Bulow Creek State park and the 16th hole in Halifax Plantation. Residents in the exclusive gated community have access to a full-service, 18-hole championship golf course founded in 1993 and nestled amid 100-year-old oaks and tall pines.
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REFR | Hot Stocks08:22 EDT Research Frontiers' SPD-SmartGlass Tech debuts at IAA Munich Auto Show - The company said, "If you want to see how smart your glass can be, you only have to walk through the IAA Munich Auto Show this week to see SPD-SmartGlass technology at work to make cars, trains and buses more energy-efficient, safer, comfortable and fun to ride in. This has been made possible by Research Frontiers' patented SPD light-control technology and Gauzy Ltd, a material science technology company. Gauzy is a strategic investor and licensee of Research Frontiers, which is the inventor of patented SPD-SmartGlass light-control technology. Gauzy, presenting in Hall A1, Booth 93, is showcasing both SPD and its specialty PDLC nanotechnologies at IAA this week. Geared towards displaying how smart glass is driving the future of advanced automotive glazing through dynamic light control embedded directly in interior and exterior glass, each demonstrator represents how active glass with SPD and PDLC can support greater functionality, user experience, comfort, and optimized space - while upholding future facing aesthetics and design. SPD, presented with and without invisible segmentation, is being shown in a sunroof application, as well as an integral part of the new era in displays that turn transparent when paired with transparent OLED displays powered by LG Display, and projection technologies. Partners of Gauzy being displayed at the Gauzy booth include LG Display, Texas Instruments, and Vision Systems, longtime valued partner of both Gauzy and Research Frontiers. In addition to the innovations exhibited at Gauzy's booth, Gauzy's technologies at IAA are also being shown by a number of other exhibitors including Sekisui, Brose, and a special OEM to be announced from the show floor during the second half of the show."
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UNAM | Hot Stocks08:22 EDT Unico American board authorizes review of strategic alternatives - Unico American Corporation announced its Board of Directors has authorized a review of strategic alternatives for the Company aimed at enhancing shareholder value. TigerRisk Capital Markets & Advisory has been retained as exclusive financial advisor to the Board of Directors. No assurance can be given as to whether, when or on what terms any possible transaction might occur. The Company does not intend to make any further statements regarding this process unless and until a definitive agreement has been reached, or until the process of exploring strategic alternatives has ended. Headquartered in Calabasas, California, Unico is an insurance holding company that underwrites property and casualty insurance through its insurance company subsidiary; provides property, casualty, and health insurance through its agency subsidiaries; and through its other subsidiaries provides insurance premium financing and membership association services. Unico has conducted the majority of its operations through its subsidiary Crusader Insurance Company since 1985.
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WPG | Hot Stocks08:21 EDT Washington Prime announces intention to delist common stock from NYSE - Washington Prime announced its intention to voluntarily delist from the New York Stock Exchange its shares of common stock. On or about September 20, the company intends to file a Notification of Removal from Listing on Form 25 with the U.S. Securities and Exchange Commission, and it is expected that the last day of trading of the common stock and preferred stock on the NYSE will be on or about September 29. It is expected that the company's common stock and preferred stock will be removed from listing and registration on the NYSE at the opening of business on or about September 30. Because the company's common stock and preferred stock will no longer be publicly held upon its expected emergence from its previously announced Chapter 11 proceedings, the company believes that the costs and expenses associated with the continued listing of the common stock and preferred equity, and the corresponding governance and filing requirements, are not economically justified. The company does not intend to arrange for listing or registration of the common stock or preferred stock on another stock exchange and does not plan to take any action to facilitate trading on an over-the-counter market.
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GBT | Hot Stocks08:21 EDT Global Blood Therapeutics announces FDA acceptance of sNDA for Oxbryta - Global Blood Therapeutics announced that the U.S. Food and Drug Administration has accepted for filing and review the company's supplemental New Drug Application seeking accelerated approval for Oxbryta for the treatment of sickle cell disease in children ages 4 to 11 years and its New Drug Application seeking approval for a new age-appropriate dispersible tablet dosage form of Oxbryta suitable for pediatric patients. Oxbryta, a first-in-class therapy that directly targets hemoglobin polymerization, the root cause of red blood cell sickling in SCD, is currently approved by the FDA in a tablet dosage form to treat SCD in patients age 12 years and older. The FDA granted Priority Review for both the NDA and sNDA, providing a six-month review, and assigned a Prescription Drug User Fee Act target action date for both applications of December 25, 2021. In the U.S., approximately 17,000 children ages 4 to 11 years have sickle cell disease.1 The Oxbryta pediatric sNDA and NDA are based on data from the open-label Phase 2a HOPE-KIDS 1 Study. An analysis of data presented at the European Hematology Association 2021 Virtual Congress in 45 children with SCD ages 4 to 11 years enrolled in the study showed that weight-based treatment with the Oxbryta dispersible tablets dosage form that is the subject of the NDA resulted in rapid and sustained improvements in hemoglobin. Concurrent reduction of hemolysis was also demonstrated. The NDA seeks approval for 300 mg dispersible tablets. The dispersible tablet formulation includes grape flavoring, is intended to be dispersed in room-temperature drinking water or other clear drinks for ease of swallowing, and allows for weight-based dosing in pediatric patients ages 4 to 11 years with SCD.
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UMPQ | Hot Stocks08:19 EDT Umpqua Holdings promotes Anderson to Chief Administrative Officer - Umpqua Holdings announced that Jacquelynne Bohlen, CFA, will head investor relations for the bank. She joins Umpqua from Keefe, Bruyette & Woods. Bohlen will report directly to Ron Farnsworth, chief financial officer, and will oversee Umpqua's relationships with shareholders and the larger investment community. Bohlen replaces Drew Anderson, who has been promoted to a new position as Umpqua's chief administrative officer, reporting directly to CEO Cort O'Haver. Anderson's responsibilities include leadership and oversight of enterprise operational functions, including teams focused on data and analytics and the enterprise portfolio management office. He will also chair the company's executive operating committee.
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MDLA | Hot Stocks08:19 EDT Medallia announces expiration of "go-shop" period - Medallia announced the expiration of the 40-day "go-shop" period under the terms of the previously announced merger agreement pursuant to which Thoma Bravo will acquire Medallia in an all-cash transaction valued at $6.4 billion. The "go-shop" period expired at 12:01 a.m. on September 4 . Pursuant to the merger agreement, Medallia's Board of Directors, with the assistance of its financial advisors, actively solicited alternative acquisition proposals from potentially interested third parties; however, during the "go-shop" period Medallia did not receive any alternative acquisition proposals from any third party. The transaction is expected to close in 2021, subject to customary closing conditions, including approval by Medallia shareholders and receipt of regulatory approvals. Upon completion of the transaction, Medallia's common stock will no longer be listed on any public market. Medallia will remain headquartered in San Francisco.
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LOB | Hot Stocks08:18 EDT Live Oak Bancshares converts deposit customers to Finxact cloud-based core - Live Oak Bancshares announced it successfully converted Live Oak Bank deposit customers from its legacy core system to the Finxact cloud-based core. The conversion of more than 60,000 customer accounts, the largest conversion Finxact has made to date, is a major milestone in converting all Live Oak Bank customers to Finxact's leading core as a service platform, giving Live Oak Bank an unencumbered banking foundation that allows it to build products and services using next-generation technology.
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STL | Hot Stocks08:17 EDT Sterling Bancorp announces strategic investment in Texture Capital - Sterling Bancorp announced a strategic investment in Texture Capital Holdings Corp., which through its wholly-owned subsidiary Texture Capital, operates an SEC registered broker dealer and Alternative Trading System. Texture supports both the issuance of private placement digital securities and an electronic marketplace for institutional participants to efficiently trade in private securities markets. Digital asset securities are recorded using a blockchain ledger and provide issuers with improved control and better recordkeeping costs. Texture has built a compliant, blockchain-enabled marketplace that supports the needs of institutional investors while enhancing liquidity in the private securities market.
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UVV | Hot Stocks08:17 EDT Universal Corporation to acquire Shank's Extracts - Universal announced that it has entered into a definitive agreement to acquire Shank's Extracts. Following the close of the transaction, Shank's will operate as part of Universal's plant-based ingredients platform, which includes Silva International and FruitSmart. "This agreement with Shank's marks another important step forward in Universal's efforts to identify and execute on opportunities that broaden and enhance our plant-based ingredients platform," said George Freeman, III, Chairman, President and Chief Executive Officer of Universal Corporation. "The Shank's acquisition fits squarely in our new platform and our capital allocation strategy, bolstering our offerings for customers and expanding our value-added services by adding flavors, custom packaging and bottling, and product development capabilities." Universal Corporation expects the transaction to close in calendar-year fourth quarter, subject to customary closing conditions, and anticipates the acquisition will be accretive to earnings in fiscal year 2023. Following the close of the transaction, the existing management team will continue to run the business and report to J. Patrick O'Keefe, Senior Vice President of Universal Global Ventures. Universal Corporation expects to fund the transaction with cash on hand and borrowings under its committed revolving credit facility.
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BAOS | Hot Stocks08:16 EDT Baosheng Media expands Ocean Engine business - Baosheng Media Group announced that the Company had established new partnerships with well-known companies in the e-commerce, real estate, automobile, gaming, education, finance and healthcare industries, to provide these clients with in-feed advertising services and thereby expanding its mobile marketing platform, Ocean Engine. With its experience in online marketing management and sharp market insights, the Company acquired several new customers, many of which are influential companies in their respective industries. New customers of the Company's in-feed ads business on Ocean Engine in 2021 include: 5I5J Holding Group Co., Ltd., one of the largest real estate brokerages in China. Shanghai Seven Cats Culture Media Co., Ltd., a developer of reading app in China. Hangzhou Kaikeba Technology Co., Ltd., an online vocational education platform in China. Shanghai Junzheng Network Technology Co., Ltd., developer of the app Hellobike, a platform driven shared travel solution provider in China. Beijing Jinhai Qunying Network Information Technology Co., Ltd., a wedding consumption platform in China.
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TDG MEGGF | Hot Stocks08:15 EDT TransDigm update on approach to Meggit - TransDigm Group (TDG) announced that after careful consideration, it does not intend to make a firm offer for Meggitt (MEGGF). TransDigm Chairman W. Nicholas Howley stated, "We have long admired and studied the Meggitt business and believed that a combination between the two companies could provide value to investors of both companies. However, based on the quite limited due diligence information that was made available and the resulting uncertainties, TransDigm could not conclude that an offer of 900 pence per Meggitt share would meet our long-standing goals for value creation and investor returns. TransDigm and our advisers put substantial time, effort, resources and expense into evaluating a potential transaction. We reached a memorandum of understanding with the Meggitt Pension Plan trustees, arranged the necessary financing for the acquisition which we anticipated would position us roughly in the range of leverage levels that we have used historically for larger acquisitions, and communicated our willingness to make commitments to HM Government comparable to those offered by the other bidder for Meggitt. However, consistent with our disciplined approach to capital allocation, we make acquisitions only when we see a clear path to achieving our investment return goals with a reasonable degree of certainty."
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OR | Hot Stocks08:14 EDT Osisko Gold repurchases 1.3M shares through NCIB program - Osisko Gold Royalties provides an update on its previously announced normal course issuer bid. During the period January 1, 2021 to August 31, 2021, Osisko repurchased 1,267,666 common shares at a cost of C$18.5 million. In the month of August alone, Osisko repurchased 920,266 common shares at a cost of C$14.1 million. Under the terms of the NCIB Program, Osisko may acquire, from time to time, up to 14,610,718 of its common shares in accordance with the normal course issuer bid procedures of the TSX until December 11, 2021.
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FTFT | Hot Stocks08:13 EDT Future FinTech signs definitive agreement to purchase Khyber Money Exchange - Future FinTech announced that on September 1, 2021, the company signed a definitive agreement to acquire 100% of the equity of Khyber Money Exchange from Rahim Shah. According to the Agreement, the company will acquire 100% of the equity of Khyber Exchange at a purchase price of approximately $820,170. The company engaged in extensive operational, legal and financial due diligence in order to reach this Agreement. Khyber Exchange is regulated by the UK Financial Conduct Authority; the acquisition needs to be approved by the FCA before its formal closing. Shanchun Huang, Chief Executive of Future FinTech, commented, "We are pleased about this acquisition as it further extends our fintech footprint and further diversifies our geographical reach. We believe that money payment services are a high margin business that will enable us to capitalize upon an increasing level of international business transactions and money flows. We believe that it will be synergistic with other financial service businesses that we are developing."
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DCRC | Hot Stocks08:13 EDT Solid Power to add second Denver-area production facility in Thornton, Colorado - Solid Power in the process of merging with Decarbonization Plus Acquisition Corporation III, announced the addition of a second Denver-area production facility in Thornton, Colorado. The new facility will greatly expand Solid Power's capacity to produce key materials for its all-solid-state battery cells, including the ability to produce up to 30 metric tons of sulfide-based solid electrolyte material annually, representing a 25x throughput increase to current capacity. Electrolyte production at the new facility is intended to directly feed the company's forthcoming all-solid-state EV cell manufacturing line, which is expected to produce cells for automotive qualification testing and future battery pack design. Solid Power expects to produce and deliver its first 100 Ah cells for formal automotive qualification testing in 2022. Once fully qualified, Solid Power intends to work closely with automotive OEMs and top tier battery cell producers to manufacture 100 Ah all-solid-state battery cells widely for in-vehicle use. The 75,000 square-foot Thornton-based facility will quadruple Solid Power's total manufacturing footprint and marks a key inflection point in the company's mission to commercialize its all-solid-state battery technology for deployment in electric vehicles. Long term, Solid Power plans to sell the company's proprietary sulfide-based solid electrolyte material to support full-scale all-solid-state cell production for its partners, including Ford and BMW. Solid Power also intends to sell the solid electrolyte material to other solid-state cell producers who may not be using the company's unique all-solid-state cell designs. Solid Power is working to produce 40,000 metric tons of electrolyte material per year by 2028, which could support the annual production of 800,000 electric vehicles using the company's all-solid-state battery cell designs. The facility is also expected to further expand Solid Power's research and development activities and battery cell testing capabilities. Future product and material development, such as next-generation electrolytes and conversion reaction cathodes for Solid Power's third all-solid-state cell design, are anticipated. The facility is expected to be fully operational in Q2 2022.
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CADL | Hot Stocks08:11 EDT Candel Therapeutics completes enrollment in Phase 2 trial of CAN-2409 - Candel Therapeutics announced that it has completed patient enrollment for its pivotal phase 3 study of CAN-2409 immunotherapy in patients with intermediate-high risk localized prostate cancer. This placebo-controlled, randomized clinical trial is evaluating CAN-2409 treatment in combination with valacyclovir added to upfront standard of care external beam radiation therapy for patients with localized prostate cancer compared to standard of care radiation therapy alone. The primary endpoint of the study is disease-free survival. Secondary endpoints include prostate cancer specific survival, overall survival, freedom from biochemical failure, patient reported health-related quality of life, and safety.
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TANH | Hot Stocks08:11 EDT Tantech Holdings subsidiary completes new order for 50 midibuses - Tantech announced that its subsidiary, Shangchi Automobile has fulfilled another new order for 50 midibuses, with delivery for use in Egypt. Wangfeng Yan, Chief Executive Officer of Tantech, said, "This is another major new order for us , and we are entering a new accelerated growth phase. Importantly, we are bucking the trend of supply constraints that continues to adversely impact the broader industry. This is a testament to our supply chain relationships and our foresight in securing necessary component inventory in order to meet the higher expected demand we are now seeing."
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PRGS | Hot Stocks08:11 EDT Progress Software to unveil new capabilities at ChefConf 2021 - Progress announced the availability of enhancements to the Progress Chef portfolio that span multi-cloud trust and compliance, operator experience and productivity, and cloud "as a service" deployment flexibility. Progress will highlight these capabilities at ChefConf 2021, the virtual version of its 10th annual Chef community and user conference held today through September 9, with a focus on helping teams accelerate their DevOps journeys. Enterprise trends are driving rapid DevSecOps innovation. As organizations move more workloads into the cloud, the need for security and compliance automation has accelerated. IT teams must continuously deliver change in their technology environments while maintaining adherence to business policies ranging from governmental regulations to security best practices. Chef technology enables a policy-as-code approach to automate the implementation, validation and governance of business policies. In line with these trends, and with the goal of helping more organizations adopt and gain value from DevSecOps practices and technology more easily, Progress is announcing the following new Chef features: Multi-cloud Trust and Compliance - Chef Compliance Automation for Cloud Resources extends support across major cloud providers AWS, Azure, and GCP with extensive new certified Chef Premium Content plus support for cloud-specific best practices including integration with Azure Policy. Enhanced Operator Productivity - Chef technology continues to support the DevSecOps journey by providing important enhancements to Chef Enterprise Automation Stack, including tighter integration between compliance and infrastructure automation, support for Windows patch management, integration with leading secrets management tools, improvements to Chef Workstation and Chef Test Kitchen to enable test-driven development and new, more powerful infrastructure operations dashboards. Deployment Flexibility - To ease adoption and bring the power of Chef to more organizations, Progress has launched SaaS-based access to its Chef product suite as a beta offering, now provides access to Chef products through the AWS and Azure Marketplaces, and launched an all-new Chef Managed Services program designed to eliminate the burden of managing an organization's own Chef deployment.
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MDT | Hot Stocks08:10 EDT Medtronic announces NAVABLATE study results - Medtronic announced new clinical data from the NAVABLATE study, which highlights the safety and performance results on microwave ablation used bronchoscopically with the Emprint Ablation Catheter Kit with Thermosphere Technology in conjunction with the Medtronic electromagnetic navigation bronchoscopy system. Results were reported as a late-breaking presentation at the virtual European Respiratory Society International Congress 2021, September 5, 2021. "Patients with malignant lesions in the lung often have limited therapy options due to lesion locations, comorbidities, and treatment side effects," said Kelvin Lau, M.A., DPhil, FRCS(CTh), a consultant thoracic surgeon at St. Bartholomew's Hospital, London, and a principal investigator for the NAVABLATE study. "The results from the NAVABLATE study explore the potential benefit of a more individualized treatment for patients and offer a new option for surgeons and physicians to provide a minimally invasive, localized treatment of malignant lesions in the lung." Results of the NAVABLATE study demonstrated bronchoscopic microwave ablation is an option for primary and oligometastatic malignant lung nodules GBP 30mm in patients who decline or are not candidates for both surgery and stereotactic body radiation therapy. Ablation using the Emprint Ablation Catheter Kit achieved 100% technical success in all 30 subjects immediately post-procedure. One-month imaging showed satisfactory ablation of the nodule in 100% of subjects. The composite rate of adverse events related to the Emprint Ablation Catheter Kit was 3.3%. There were no deaths or pneumothoraces. The Emprint Ablation Catheter Kit is in development and recently received Breakthrough Device Designation status from the U.S. Food and Drug Administration in April 2021. This device is not approved or cleared by FDA and is not available for sale in the U.S.
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PGRE | Hot Stocks08:10 EDT Paramount Group signs leases aggregating 279,000 square feet in Manhattan - Paramount Group announced that it signed leases aggregating 279,000 square feet at 1301 Avenue of the Americas, a 1.7M square-foot trophy office building, located between 52nd and 53rd Streets in Midtown Manhattan. The leases include a new 167,000 square foot lease with Credit Agricole CIB, a global corporate and investment bank, and a 112,000 square feet renewal and expansion lease with SVB Leerink, an investment bank specializing in healthcare and life sciences. The signing of these leases backfills approximately 190,000 square feet of existing vacancy on floors six, eight, and nine at 1301 Avenue of the Americas, which was 71.5% leased as of June 30.
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FTDR | Hot Stocks08:10 EDT Frontdoor announces new three-year, $400M share repurchase program - Frontdoor announced the company's board approved a new share repurchase program of up to $400M of the company's outstanding common stock. This new three-year program will be funded using cash on hand and cash generated from operations. "We are pleased to announce the initiation of a new share repurchase program, which reflects our strong cash flow generation capability and gives us the opportunity to return capital to shareholders," said Chief Financial Officer Brian Turcotte. "While our strategy continues to prioritize both organic and inorganic growth, our capital structure improvements, including the recent debt refinancing and repayment, naturally result in Frontdoor pursuing share repurchases at this point in our evolution." Purchases under the repurchase program may be made from time to time by the company in the open market at prevailing market prices , in privately negotiated transactions, or through any combination of these methods, through September 3, 2024. The actual timing, number, manner, and value of any shares repurchased under the repurchase program will be determined by management and will depend on several factors, including the market price of the company's common stock, general market and economic conditions, the company's liquidity requirements, applicable legal requirements, and other business considerations. The repurchase program does not obligate the company to acquire any number of shares in any specific period or at all, and may be suspended or discontinued at any time at the company's discretion.
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DSS | Hot Stocks08:09 EDT Document Security's Impact BioMedical synthesized first Quantum-based compound - After more than a year of research and development, Impact BioMedical, Inc., and its research partner Global Research and Discovery Group Sciences announce that its first Quantum-based compound was successfully synthesized. The compound synthesized is an adjuvant which enhances a body's immune response to a foreign antigen and is being sent to a major University for testing. Impact BioMedical, Inc., a wholly owned subsidiary of Document Security Systems, and GRDG Sciences initiated the research project called Quantum in Summer 2020. The purpose of the project was two-fold: to forge a new frontier by exploring new methods for developing medicinal protocols that work more efficiently, thereby encouraging further research and development across the pharmaceutical industry, while at the same time mitigating a projected patent cliff crisis. The Quantum technology is designed to enhance existing therapeutics by looking beyond current molecular enhancement techniques such as molecular substitution, halogenation, prenylation and other biological enhancement methods typical of present therapeutic development schema. This marriage of quantum and molecular mechanics essentially created a classic example of bionics that theoretically increases the efficacy against a variety of diseases. The increase in the quantum molecule's therapeutic activity is due to alterations in the intermolecular state, which yields a molecule with increased reactivity to ligand interactions with significantly lower degradation rates. In short, the Quantum molecule will possess both hyper-reactivity as well as hyper-persistence. GRDG Chief Scientific Advisor Dr. Roscoe M. Moore, Jr., the retired United States Assistant Surgeon General and former Epidemic Intelligence Services Officer at the U.S. Centers for Disease Control said that this step toward quantum molecules could pave the way for new medical breakthroughs.
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AMRS | Hot Stocks08:09 EDT Amyris closes acquisition of Beauty Labs - Amyris announced that, on August 31, it closed the acquisition of Beauty Labs International. Amyris has already commenced the integration of the Beauty Labs technology into its direct-to-consumer websites with early results on the Rose direct-to-consumer channel of a higher conversion to purchase for consumers using the color matching technology. "Beauty Labs and MG Empower represent critical components of Amyris' strategy of deepening the beauty consumer relationship and delivering the best digital retail beauty experience," the company said. "We are delivering the fastest revenue growth of any synthetic biology platform in the world and generate more total revenue than the aggregate of our immediate peers," commented John Melo, President and Chief Executive Officer of Amyris. "We are advancing our leadership position by deepening the relationship with consumers to enable us to deliver more value while increasing our share of wallet through our direct-to-consumer business. Influencers are increasingly becoming the direct sellers of product through their platforms and we want to lead this transition with data science. We are already benefiting from these strategic moves and are on track to deliver our best quarter in consumer revenue by far."
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UGI | Hot Stocks08:08 EDT UGI Corporation adds second renewable natural gas project in New York - Cayuga RNG announced that it has entered into an agreement to develop its second project to produce renewable natural gas, or RNG, in upstate New York. This is in addition to the previously announced Spruce Haven Farm initiative. Cayuga RNG is a joint venture of UGI Energy Services, a subsidiary of UGI Corporation and Global Common Energy. As previously announced, Cayuga RNG's first project is being developed at the Spruce Haven Farm located in Cayuga County in the Finger Lakes region of New York. The project incorporates an existing anaerobic digester that generates biogas, which is used to produce renewable electricity, and is expected to be completed in the second half of calendar year 2022. Cayuga RNG contracted with Martin Construction Resource, a supplier of RNG equipment, for the gas upgrading equipment at Spruce Haven. Cayuga RNG's second project will be located at Allen Farms, which is approximately five miles from Spruce Haven. Allen Farms has contracted with Cayuga RNG to supply dairy waste that will serve as the feedstock for renewable natural gas. The project will include the construction of an anaerobic digester and a combined heat and power project. Once completed in the second half of calendar 2022, the project is expected to produce 85M cubic feet of environmentally friendly RNG each year. Cayuga RNG is actively pursuing several other projects in the region. GHI Energy, a UGIES subsidiary, will be the exclusive off-taker and marketer of RNG for Cayuga RNG.
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TVTX | Hot Stocks08:07 EDT Travere Therapeutics, FDA align on pathway to submit addition eGFR data - Travere Therapeutics announced a successful outcome from the Company's Type A meeting with the U.S. Food and Drug Administration in which alignment was reached on the Company's plan to submit additional estimated glomerular filtration rate data from the ongoing pivotal Phase 3 DUPLEX Study of sparsentan in focal segmental glomerulosclerosis to support an application for accelerated approval in 2022. Following the outcome of the Type A meeting, the Company intends to continue with its plan to provide the FDA with additional eGFR data from the ongoing DUPLEX Study in the first half of 2022. At the time of the eGFR data cut, all patients remaining in the DUPLEX Study will have completed one year of treatment, and approximately 50 percent of patients will have completed two years of treatment. The Company plans to submit an application for accelerated approval in the U.S. in mid-2022, pending additional supportive eGFR data. The DUPLEX Study is continuing as planned with no changes to the statistical analysis plan, and patients will proceed in a blinded manner to assess the treatment effect on eGFR slope over 108 weeks in the confirmatory endpoint analysis.
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HIMS | Hot Stocks08:07 EDT Hims & Hers CFO Lee to step down, company backs previous financial views - Hims & Hers Health announced that Spencer Lee plans to step down from his role as the company's Chief Financial Officer. Lee, who joined the company in March 2019, will lead a six month transition plan and continue to support the company until a new CFO is appointed to ensure a smooth transition. The search for a new Chief Financial Officer has begun and is being led by Co-Founder and CEO Andrew Dudum and Board Member and Audit Chair, David Wells, the former CFO of Netflix. "It has been an honor to work at Hims & Hers, such a transformative and impactful company, during a critical period of growth," said Lee. "Andrew and I agree that given the strong financial position of the Company and the exciting growth initiatives now kicking off, the time is right to begin the process of finding a new financial leader to guide the company in its next stage." "Spencer has been a valuable partner for Hims & Hers as we have achieved several significant company milestones, including our transition to a publicly traded company, two completed acquisitions and strong quarterly earnings for the last three quarters," said Dudum. "Spencer, the leadership team and I will work closely to manage a smooth transition over the next six months as we identify a new CFO to partner in bringing our next chapter of growth and ambitious goals to life." This announcement follows Hims & Hers' strong reported Q2 earnings in 2021. In 2020, full year revenue grew by 80% year-over-year. In Q1 and Q2 of 2021, quarterly revenue grew year-over-year by 74% and 69%, respectively, exceeding the company's previous guidance for each such quarter and resulting in the company sequentially increasing its full-year revenue guidance. As of Q2, Hims & Hers has grown subscriptions year-over-year by 76% to 453,000 as it continues to focus-in on expanding core services and investing in new ones. The company also recently announced the appointment of its first Chief Growth Officer. Hims & Hers also reaffirmed its financial guidance for the third quarter and full year 2021, which it provided in connection with the announcement of the company's second quarter 2021 financial results on Aug. 11, 2021.
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SCWX | Hot Stocks08:07 EDT Secureworks announces Wendy Thomas assumed role of President, CEO - Secureworks announced that Wendy Thomas has assumed the role of President and Chief Executive Officer, effective as of September 3. Thomas succeeds Michael Cote, who has retired as CEO and as a member of the Secureworks Board of Directors. Thomas, who most recently served as Secureworks President of Customer Success, joined the Secureworks Board of Directors in July 2021.
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VPLM... | Hot Stocks08:06 EDT Voip-Pal.com announces updates on pending patent litigations - VoIP-Pal.com Inc. (VPLM) announced its updates concerning its pending patent litigations: Litigation in the Western District of Texas: On September 3, 2021, the U.S. District Court for the Western District of Texas, Waco Division, denied VoIP-Pal's application and motion to temporarily restrain and enjoin Defendants Apple (AAPL), AT&T (T), and Verizon (VZ) from pursuing their 2021 declaratory-judgment actions filed in the Northern District of California involving VoIP-Pal's Mobile Gateway Patents. The Court found no authority for issuing a temporary restraining order and preliminary injunction and did not believe that such a remedy was appropriate under the first-to-file rule. . Furthermore, the WDTX Court denied the defendants' request to stay VoIP-Pal's existing lawsuits in the WDTX involving the Mobile Gateway patents, pending the NDCA's decision on whether the defendants' declaratory judgment cases in NDCA against these patents were related to previous cases. Notably, the WDTX Court rejected the defendants' argument that the 2021 Mobile Gateway cases in WDTX were similar the earlier cases VoIP-Pal had litigated in the NDCA. Litigation in the Northern District of California: On August 25, 2021, the NDCA court denied Apple's and AT&T's administrative motions to consider whether their newly filed declaratory-judgment actions should be related to their previously filed declaratory-judgment actions. On August 26, 2021, the NDCA also issued an order denying that Verizon's newly filed declaratory-judgment action is related to Verizon's previously filed declaratory-judgment action. There were also several developments with respect to the declaratory judgment suits of Apple, AT&T and Twitter in the NDCA seeking non-infringement and invalidity of U.S. Patent No. 10,218,606 and U.S. Patent No. 9,935,872, i.e., 5:20-cv-02460-LHK, 5:20-cv-02995-LHK, and 5:20-cv-02397-LHK. The NDCA court denied VoIP-Pal's motions to dismiss the Apple and AT&T cases based on VoIP-Pal's covenant not to sue on the '606 Patent and '872 Patent because the covenant was considered insufficiently broad to divest the NDCA Court of subject-matter jurisdiction. However, the NDCA Court dismissed Twitter's action. U.S. Supreme Court : On September 3, 2021, the Company filed its reply brief in support of its petition for a writ of certiorari filed with the Supreme Court of the United States on June 25, 2021, in its ongoing appeal of an NDCA order invalidating U.S. Patent Nos. 9,537,762, 9,813,330, 9,826,002 and 9,948,549. In particular, VoIP-Pal has asked the Supreme Court to hold its case pending resolution of another case pending before the Court, American Axle & Manufacturing, Inc. v. Neapco Holdings LLC, No. 20-891, which presents similar legal issues, including whether it is improper to apply 35 U.S.C. Section112 considerations to determine whether a patent claims eligible subject matter under 35 U.S.C. Section101. VoIP-Pal's petition is now fully briefed and awaits disposition.
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DOCN | Hot Stocks08:04 EDT DigitalOcean acquires Nimbella, terms undisclosed - DigitalOcean announced the acquisition of Nimbella, a serverless platform provider. Terms of the transaction were not disclosed and there is no change to DigitalOcean's 2021 financial outlook as a result of the acquisition. DigitalOcean plans to fully integrate the Nimbella serverless offering and launch the product under the DigitalOcean brand in the first half of 2022.
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CABA RHHBY | Hot Stocks08:03 EDT Cabaletta Bio appoints Michael Gerard as general counsel - Cabaletta Bio (CABA) announced that Michael Gerard has been appointed general counsel. Mr. Gerard most recently served as Associate General Counsel at Spark Therapeutics, a member of the Roche Group (RHHBY).
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RYAAY... | Hot Stocks08:03 EDT Ryanair ends MAX10 talks over price, says Boeing customers using Airbus - Ryanair (RYAAY) announced yesterday that its negotiations with Boeing for a MAX10 order have ended without any agreement on pricing. Ryanair will take delivery of over 200 B737 "Gamechanger" aircraft over the next five years from 2021 to 2025. Ryanair and Boeing have been in discussions about a large follow on order for Boeing MAX10 aircraft over the past 10 months. "However, last week it became clear that the pricing gap between the partners could not be closed and accordingly, both sides have agreed to waste no more time on these negotiations," Ryanair said in a statement. Added CEO Michael O'Leary: "We are disappointed we couldn't reach agreement with Boeing on a MAX10 order. However, Boeing have a more optimistic outlook on aircraft pricing than we do, and we have a disciplined track record of not paying high prices for aircraft. We have a more than sufficient order pipeline to allow us to grow strongly over the next 5 years...We do not share Boeing's optimistic pricing outlook, although this may explain why in recent weeks other large Boeing customers such as Delta and Jet2, have been placing new orders with Airbus, rather than Boeing". Shares of Boeing are down $1.32 to $216.85 in premarket trading. Reference Link
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UTI BMWYY | Hot Stocks08:03 EDT Universal Technical, BMW partner to add new program for service members - Universal Technical Institute (UTI) and BMW of North America (BMWYY) are partnering to add a program for service members at the U.S. Army's Fort Bragg, N.C. base. The BMW MSTEP, or Military Service Technician Education Program, provides training for new career opportunities for service members transitioning from military service back into civilian life. The BMW MSTEP program was first launched at Marine Corps Base Camp Pendleton in Southern California in 2018. The 16-week BMW technical education program features a specialized on-base curriculum and hands-on technical training on diagnostics and technologies unique to the BMW brand. Upon graduation, BMW assists the new technicians with employment at authorized U.S. dealers. There are currently more than 7,000 BMW technicians across the network, and more are needed every year, especially those trained by the company itself.
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MANT | Hot Stocks08:02 EDT ManTech wins $476M U.S. Space Force contract - ManTech has been awarded a $476 million contract by U.S. Space Force to provide systems engineering solutions for the agency's Space and Missile Center - now redesignated as Space Systems Command. With this 10-year prime contract award, ManTech continues its support for a wide array of mission critical space launch programs with launch service integration, fleet surveillance and certification for space and missile systems at Space Force facilities at Los Angeles Air Force Base, Vandenberg Space Force Base and Cape Canaveral Space Force Station. As part of this contract, ManTech is Bringing Digital to the Mission with its investment in Intelligent Systems Engineering solutions to support the Space Force goal of fielding a digital engineering ecosystem fostering both innovation and speed of delivery.
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OXLC | Hot Stocks08:01 EDT Oxford Lane estimates August NAV $6.69-$6.79 - Oxford Lane Capital announced the following net asset value estimate as of August 31, 2021. Management's unaudited estimate of the range of the NAV per share of our common stock as of August 31, 2021 is between $6.69 and $6.79. This estimate is not a comprehensive statement of our financial condition or results for the month ended August 31, 2021. This estimate did not undergo the Company's typical quarter-end financial closing procedures and was not approved by the Company's board of directors. We advise you that our NAV per share for the quarter ending September 30, 2021 may differ materially from this estimate, which is given only as of August 31, 2021. As of August 31, 2021, the Company had approximately 115.1 million shares of common stock issued and outstanding.
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BKYI | Hot Stocks08:00 EDT University of Denver selects BIO-key's PortalGuard IAM platform - BIO-key International announced the University of Denver has selected BIO-key's PortalGuard IAM platform to enhance access security to their portal and applications. DU, a private research university serving about 12,000 graduate and undergraduate students, is adopting PortalGuard to provide a unified approach to enterprise security and frictionless access to their portal and applications for the entire university community.
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MGDPF | Hot Stocks07:56 EDT Marathon Gold says detailed engineering work ongoing at Valentine Gold Project - Marathon Gold provides an update on ongoing development activities at the Valentine Gold Project located in central Newfoundland. Detailed engineering work is ongoing and the results are being incorporated into a control budget and schedule for the Project that would support a potential construction decision later this year. This work is being undertaken by Marathon's project execution team and Ausenco Engineering Canada. In August 2021, Marathon and Ausenco entered into a Memorandum of Understanding for a fixed-price Engineering, Procurement and Construction contract for Project construction to be finalized later this year. The EPC contract would relate principally to the Project's mill and major facilities, representing approximately 50% of the Project's overall scope. Outside the EPC scope, Marathon contemplates owner-operated development of the Project's major earthworks, tailings management facility, site services, and infrastructure, as well as owner-operated mining operations. In July 2021, Marathon entered into an Implementation Agreement with NL Hydro for the construction of a 49.5 kilometre long 69kV powerline to the Project from the Star Lake generating station. On August 18, 2021 this powerline and its connection to the provincial power grid was approved by the NL Public Utilities Board. An Environmental Preview Report has been requested of NL Hydro by an inter-departmental committee of the NL government and will commence shortly based on guidelines expected to be issued this month. Detailed engineering for the powerline and an associated substation at Star Lake has already commenced under the terms of the Implementation Agreement. Additionally, Marathon has completed procurement of a permanent camp of 350 beds and is finalising procurement in the areas of mobile equipment, major earthworks contracting and site communications. Onsite geotechnical and hydrogeological work is ongoing in support of detailed engineering for the Project's tailings management facility which is being undertaken by Golder Associates Limited. Access road and bridge upgrades are scheduled to commence following release from the Project's Environmental Assessment.
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LXXGF | Hot Stocks07:54 EDT Lexagene Holdings says MiQLab detects multiple strains of pathogenic bacteria - LexaGene Holdings announced it utilized its MiQLab System to detect the presence of multiple strains of pathogenic bacteria in polymicrobial samples that vary in their antimicrobial resistance. These samples were missed by traditional Culture and Sensitivity Testing, and the time-to-results were orders-of-magnitude faster for the MiQLab. Polymicrobial infections can be defined as simultaneous or successive infections caused by two or more distinct microorganisms or genotypically different strains of the same pathogen in the same anatomical site. In the case of urinary tract infections, there are reports that demonstrate as high as 39% of urine cultures in elderly patients show polymicrobial infections.4 Another study in veterinary medicine showed that 45% of the samples collected from companion animals were polymicrobial in nature and a high percentage were multi-drug resistant. A third study showed that polymicrobial infections can cause flesh-eating wounds. Two pathogens frequently seen in companion animal diseases are Staphylococcus pseudintermedius, which is typically associated with skin infections, and Escherichia coli, which is the leading cause of UTIs. We assessed the ability of the MiQLab, equipped with the Bacterial and AMR Test V2*, to detect the presence of subpopulations of antimicrobial resistance pathogens in mixed samples in comparison to the current standard for microbial identification and antimicrobial sensitivity. Four bacterial strains were used in two groupings, the first group contained two S. pseudintermedius strains and the second group contained two E. coli strains. The strains with AMR genes were mixed at a 1,000-fold lower concentration than the strains without AMR genes to represent a subpopulation of AMR bacteria in the mixed sample. The original strains and each of the S. pseudintermedius and E. coli mixed samples were sent to two reference laboratories, one of which would be considered a market leader, for C&ST. All samples were concurrently run on the MiQLab using the Bacterial and AMR Test V2. The MiQLab correctly identified Staphylococcus spp. and E. coli in the appropriate samples tested. Additionally, the MiQLab successfully detected the AMR markers associated with resistance to beta-lactams, lincosamides, sulfa-TMP, and tetracyclines in the minority population of the S. pseudintermedius mixed sample and an AMR marker associated with beta-lactam resistance in the minority population of the E. coli mixed sample. In comparison, both reference labs reported the correct species of bacteria in each sample tested but failed to correctly report the resistances associated with the subpopulation of AMR bacteria in the two mixed samples. Moreover, the MiQLab generated results in ~2 hours per sample versus 5 to11 days for the two reference labs, with the most well-known and respected reference laboratory taking the longest. Our results demonstrate the advantage the MiQLab system has over culture in detecting subpopulations of bacteria in polymicrobial samples with genotypic differences that can potentially affect treatment outcomes. Using this technology in clinic, where results are available in ~2 hours, would be expected to significantly improve treatment decisions.
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HYZN | Hot Stocks07:53 EDT Hyzon Motors announces ZeroAvia placed order for Hyzon's fuel cells - Hyzon announced that ZeroAvia has placed an order for Hyzon's next generation, high-performance lightweight fuel cell. ZeroAvia will evaluate the fuel cell for use in its zero-emission aircraft development program, which focuses on hydrogen-electric solutions. ZeroAvia selected Hyzon's fuel cell stack for this evaluation due to its power density. ZeroAvia will test the fuel cell stack through simulated airplane duty cycles. These tests will include customary power needs such as take-off, cruising, landing and taxiing, as well as more strenuous circumstances including rapid changes in altitude and other ambient conditions. Once the fuel cell stack has been validated in a ground test program, the next step will be to test them in flight.
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MSSTF | Hot Stocks07:52 EDT Mindset develops preclinical rodent trained studies for psychedelic effects - Mindset Pharma announced that it has developed first-in-class studies to enable the Company to confirm the psychedelic effect of its novel compounds with greater accuracy. In partnership with InterVivo Solutions, Mindset has trained rats to discriminate psilocybin effects from saline via oral and subcutaneous dosing, which to the Company's knowledge is a first in the psychedelics field of research. By training animals to discriminate psilocybin from saline, Mindset can better determine if they are "experiencing" psilocybin-like effects when administered the Company's proprietary compounds. Mindset will have an exceptionally strong indicator confirming the efficacy, safety, and duration of its novel proprietary psychedelic drug candidates, and will be able to support its lead compounds as they progress towards clinical trials. Mindset has also confirmed within this test that LSD generalizes to the psilocybin cue, at approximately 1/10th of the dose of psilocybin, or approximately 10 times the potency of psilocybin. Additionally, Mindset has demonstrated, for the first time that we are aware of, that orally administered psilocybin shows nearly identical stimulus generalization to subcutaneously administered psilocybin, which will allow Mindset to confirm oral bioavailability of Mindset NCE's.
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AYRWF | Hot Stocks07:51 EDT Ayr enters agreement to acquire Cultivauna for $20M upfront consideration - Ayr Wellness announced that it has moved to a definitive agreement for its previously announced plan to acquire Cultivauna, LLC, the owner of Levia branded cannabis infused seltzers and water-soluble tinctures. Ayr intends to purchase 100% of the equity interests of Cultivauna, LLC. The terms of the transaction include $20 million in upfront consideration, made up of up to $10 million in cash with the remainder in stock. An earn-out payment of up to an additional $40 million will be paid in shares based on the achievement of revenue targets in 2022 and 2023. Levia Cannabis Infused Seltzer is currently available in Massachusetts in three experiences and flavors: "Achieve" Raspberry Lime; "Celebrate" Lemon Limel "Dream" Jam Berry. Each flavor is available in 12-ounce slim cans and contains 5 mgs of THC. Levia is also available in water soluble tinctures in the same formulations. Levia uses a proprietary technology which provides for rapid onset of the effects of THC, typically 15-20 minutes and the effects last up to 3 hours, allowing for a more consistent consumption experience than many edible products. The acquisition is subject to customary closing conditions and regulatory approvals. The acquisition is expected to close by the end of 2021.
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BTBT | Hot Stocks07:50 EDT Bit Digital, Blockfusion announce 35 MW strategic partnership - Bit Digital and Blockfusion USA announce that the companies have entered into a strategic co-mining agreement. Pursuant to the terms of the Agreement, Blockfusion will provide certain premises and services to Bit Digital for the operation of a 35 MW bitcoin mining system for a term of 2 years, with automatic one-year renewals. This partnership is expected to facilitate an increase in Bit Digital's hashrate of up to approximately 1.2 Exahash. Bit Digital expects to complete the first phases of miner equipment deliveries for installation on or about September 15, 2021. During the term and for twelve months thereafter, Bit Digital shall have a right of first refusal to match any bona fide offer from a third party to finance or acquire securities and/or assets of Blockfusion, and to receive a credit or refund in connection with such Strategic Transaction. Pursuant to the Agreement, Bit Digital has advanced Blockfusion $3,750,000, or an average of approximately $107,000 per megawatt across the entire 35MW Agreement, in respect of actual bona fide expenses incurred in the development of certain infrastructure related to the mining system. Bryan Bullett, Bit Digital's CEO, commented: "This strategic partnership with Blockfusion represents the latest example of our creative, value-oriented approach to sourcing clean power, with a veteran partner with shared values, structured on attractive terms. In particular, the ROFR provisions of our Agreement provide Bit Digital optionality to acquire interests in, or the entirety of, Blockfusion, while receiving credit for our Infrastructure Investment. Absent a Strategic Transaction, Bit Digital will receive a refund of its investment. In our opinion, such a deal would be difficult to replicate in today's tight market for power and hosting in North America."
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SLG | Hot Stocks07:49 EDT SL Green Realty launches leasing at residential tower at 7 Dey Street - SL Green Realty and Douglas Elliman announced the launch of leasing at 7 Dey Street. A 34-story, mixed-use building in Lower Manhattan, the property will be the neighborhood's first development built under the Affordable New York Housing Program.
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RWBYF | Hot Stocks07:48 EDT Red White & Bloom Brands receives final approval in Michigan - Red White & Bloom Brands announced that it has received Adult Use prequalification status pursuant to the licensing provisions of the Michigan Regulation and Taxation of Marihuana Act and associated rules through a wholly owned operating subsidiary, RWB Michigan, LLC. This Marijuana Regulatory Agency approval represents the authorization of the Company to move forward with its full operational strategy in the State and complete the licensing process for its intended facilities.
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MAG | Hot Stocks07:47 EDT MAG Silver reports Phase 1 Deer Trail drilling results - MAG Silver is pleased to report results from Phase 1 drilling on its Deer Trail Carbonate Replacement Deposit Project in central Utah, USA. Phase 1 saw the completion of three holes drilled from surface spaced along a 1.5 km long corridor. Phase 1 successfully fulfilled all three of its planned objectives by: Confirming the presence of a thick section of more favorable carbonate host rocks below the Deer Trail Mine; Confirming and projecting two suspected mineralization feeder structures to depth; and Intercepting high-grade mineralization related to those structures in host rocks below what was historically known. Notably, all three holes bottomed within multi-phase porphyritic granitoids affected by later sericite-pyrite alteration with modest Copper and Silver mineralization along their upper contacts. The overall features suggest that this mineralization was sourced from a later intrusive phase. The principal goal of Phase 1 drilling was to locate the Redwall Limestone, a thick, clean limestone unit hypothesized to be a more favorable host rock than the thinly layered Callville Formation, which hosts the deepest historically known mineralization in the mine area. The likely presence of the Redwall was indicated by regional occurrences and all three holes cut 215 m - 320 m of highly altered Redwall before bottoming in granitoid intrusions. All three holes cut high-grade sulphide mineralization in/near projected feeder structures within the Callville before reaching the Redwall. DT21-02 intercepted 0.50 m of sulphides grading 426 grams per tonne, Gold, and 17.1% Lead plus Zinc within a 3.5 m breccia zone along the Red Fissure Fault; principal feeder to the historic Deer Trail Manto. DT21-03 cut 1.90 m of manto-style sulphides grading 952 g/t Silver, 38.2 g/t Gold, and 9.2% Lead plus Zinc close to the Wet Fault, a principal feeder to the 3400 Area manto zone. DT20-01 was designed simply to locate the Redwall at shallow depth, but before reaching the Redwall, it cut a ~20 m feeder zone in the Callville containing a 2.30 m (core length) mineralized strand that reported 1.0 g/t Gold and 101 g/t Silver. Phase 2 drilling commenced on August 20, 2021. The first hole of Phase 2 is an offset of DT21-03 designed to test the Wet fault 150 m deeper where it cuts through the Redwall.
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CTXR... | Hot Stocks07:47 EDT Citius Pharmaceuticals acquires Dr. Reddy's license for E7777 - Citius Pharmaceuticals (CTXR) announced that it has entered into a definitive agreement with Dr. Reddy's Laboratories SA, a subsidiary of Dr. Reddy's Laboratories (RDY), to acquire its exclusive license of E7777, a late-stage oncology immunotherapy for the treatment of CTCL. E7777, an engineered IL-2-diphtheria toxin fusion protein, is an improved formulation of oncology agent, ONTAK, which was previously approved by the U.S. Food and Drug Administration for the treatment of patients with persistent or recurrent CTCL. The last patient in a trial of E7777 has been enrolled, and a biologics license application for E7777's first indication in CTCL is expected to be filed with the FDA by the end of 2022. Under the terms of this agreement, Citius will acquire Dr. Reddy's exclusive license of E7777 from Eisai (ESALY) and other related assets owned by Dr. Reddy's. Citius's exclusive license rights include rights to develop and commercialize E7777 in all markets except for Japan and certain parts of Asia. Additionally, Citius will retain an option on the right to develop and market the product in India. Eisai retains exclusive development and marketing rights for the agent in Japan and Asia. Dr. Reddy's will receive a $40M upfront payment and is entitled to up to $40M in development milestone payments related to CTCL approvals in the U.S. and other markets, up to $70M in development milestones for additional indications, as well as commercial milestone payments and low double-digit tiered royalties on net product sales. Eisai is to receive a $6M development milestone payment upon initial approval and additional commercial milestone payments related to the achievement of net product sales thresholds. Eisai will be responsible for completing the current CTCL clinical trial, and chemistry, manufacturing and controls activities through the filing of a BLA for E7777 with the U.S. Food and Drug Administration. Citius will be responsible for development costs associated with potential additional indications.
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WTHVF | Hot Stocks07:43 EDT Westhaven Gold announces drill results from Shovelnose property - Westhaven Gold is pleased to announce drill results from its ongoing drill campaign at its 100% owned 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt, which borders the Coquihalla Highway 30 kilometres south of Merritt, British Columbia. Westhaven is reporting assays for 17 holes from its ongoing drill campaign at Shovelnose. Westhaven has completed 28,400 metres of diamond drilling to date in 2021. An additional 16 holes are in the lab pending assays. Wildfire Update: As of Friday September 3rd, the Evacuation Order issued by the Thompson-Nicola Regional District Operations Centre in Kamloops has been downgraded to an Evacuation Alert. Field crews and drill contractors are mobilizing to site and drilling will resume shortly. Once again, special thanks to the firefighters and first responders who put their lives at risk. Recent Drilling Highlights: SNR21-20; 265.00 metres of 0.49 g/t gold and 1.84 g/t silver, including 65.28m of 1.18 g/t Au and 3.37 g/t Ag, including 2.00m of 7.30 g/t Au and 10.23 g/t Ag, including 26.00m of 1.76 g/t Au and 4.00 g/t Ag, including 0.80m of 15.85 g/t Au and 8.99 g/t Ag. SNR21-27: 118.00m of 0.71 g/t Au and 2.12 g/t Ag,including 32.00m of 1.88 g/t Au and 4.95 g/t Ag, including 0.34m of 17.75 g/t Au and 22.40 g/t Ag, including 1.00m of 13.95 g/t Au and 7.49 g/t Ag. SNR21-29: 97.57m of 0.43 g/t Au and 1.88 g/t Ag, including 7.00m of 3.26 g/t Au and 7.63 g/t Ag, and 52.00m of 0.61 g/t Au and 1.33 g/t Ag, including 8.00m of 1.93 g/t Au and 3.49 g/t Ag. SNR21-30: 39.23m of 1.42 g/t Au and 9.80 g/t Ag, including 22.71m of 2.25 g/t Au and 15.53 g/t Ag, including 3.32m of 5.92g/t Au and 23.74 g/t Ag. As a significant portion of the resource drilling has been completed at South Zone, the drill program is now focused on follow-up testing of stronger quartz veining seen in holes SNR21-37 to SNR21-40 in Vein Zone 1 in the northwestern portion of South Zone. Drilling will also take place northward towards the Lear target for infill and step-out drilling on Vein Zone 3. The FMN target remains a priority for follow-up drilling. Drilling will resume at FMN upon completion of the resource drilling at South Zone where the shallower portions of the mineralized horizon in Vein Zone 1 will be targeted at the 1200-1300m level. This will be following up the last hole drilled at FMN, hole SN21-175, which encountered quartz-adularia veins contained in three subintervals of Vein Zone 1 spanning 246m downhole. Several CSAMT targets lying west of South Zone will be tested this fall as well. Drilling at Franz tested for the northwestern continuation of Vein Zone 1. Hole SN21-170 intersected a section of rhyolite hosted hydrothermal breccia that returned 0.16 g/t Au, 0.20 g/t Ag and 135 ppm arsenic over 1.63m. This intersection has extended Vein Zone 1 to the northwest by an additional 90 metres from where it was intersected in hole SN20-124. Gold mineralization was also encountered at the top of hole SN21-170 in a second northwest striking zone of chalcedony veining hosted in rhyolite, lying about 100m southwest of Vein Zone 1. This zone was first identified in hole SN20-123, which returned 0.204 g/t Au, 0.345 g/t Ag and 311 ppm arsenic over 16.79m. Hole SN21-170 returned 3.0m of 0.52 g/t Au. This zone has now been traced for 350m and remains open to the northwest.
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PINC | Hot Stocks07:42 EDT Premier decreases size of board, enhances corporate governance profile - Premier announced it has decreased the size of its Board of Directors from 15 to 11, effective August 31, to further enhance the company's governance profile. In connection with the decrease in the size of the Board, five directors agreed to resign, also effective August 31. Following these changes, 90% of Premier's Board is independent and 40% is female or racially diverse, with an average director tenure of approximately five years. Reflecting the Board's commitment to diversity, the company expects to add an additional female or other diverse director with the relevant competencies and experience that support the company's strategic plan. Terry Shaw, Chairman of Premier's Board, said, "Over the past year, we have made important changes at Premier to simplify the company's corporate structure, align our governance policies with best practices, and enhance the Board's ability to effectively oversee the business and drive value creation. Today's announcement is a continuation of these efforts and reflects feedback we have received through our ongoing engagement efforts with stockholders. We are committed to maintaining a strong Board with a balanced mix of voices, fostering a robust dialogue for the benefit of our stockholders, members, customers and employees - as well as the patients, communities and healthcare systems we ultimately serve." Premier's continuing Board members include John Bigalke, Helen Boudreau, Jody Davids, Peter Fine, Marc Miller, Marvin O'Quinn, Terry Shaw, Richard Statuto and Ellen Wolf, along with Michael Alkire, Premier's president and CEO and the company's only non-independent director. Directors who have voluntarily resigned include Barclay Berdan, Stephen D'Arcy, David Langstaff, William Mayer and Scott Reiner. Premier noted that the voluntary resignations are not due to any disagreement with the Board or company management.
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LOTZ | Hot Stocks07:42 EDT CarLotz announces first hub in Alabama - CarLotz announced it will open its first hub in Alabama. The hub, located at 3016 Government Blvd in Mobile, is expected to open later this year. "We are thrilled to announce our entry into the great state of Alabama," said Michael Bor, Cofounder and CEO of CarLotz. "With our first Georgia hub opening later this month, we are ramping up our growth in the Southeast and look forward to welcoming guests to our new hubs where they will have easy access to the exceptional service, real value and diverse inventory CarLotz provides."
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RVLGF | Hot Stocks07:40 EDT Revival Gold announces results of Beartrack-Arnett drilling program - Revival Gold is pleased to provide additional results from the Company's 2021 drilling program and provide an update on exploration at the Beartrack-Arnett Gold Project located in Idaho, USA. Highlights: BT21-238D intersected 6.79 g/t gold over 6.0 meters and 12.6 g/t gold over 1.2 meters within 2.84 g/t gold over 50.0 meters; BT21-238D was drilled on the Joss high-grade gold target approximately 180 meters north along strike of BT21-237D, which intersected 11.79 g/t gold over 2.5 meters and 5.36 g/t gold over 5.8 meters within 84.6 meters at 2.67 g/t gold; BT21-239DB, collared approximately 400-meters south of the southern-most drillhole at Joss, intersected a zone of fracture-controlled sericite alteration. Analysis and an interpretation are pending; A total of four core holes for 1,800 meters have been completed to-date this year at Joss; Drilling at Beartrack-Arnett is now focused with two rigs on the Haidee heap leach gold target where six holes have been completed so far this year for an additional 1,100 meters; and, 2,500 meters of drilling, including geotechnical, hydrological and approximately eleven exploration core holes, are planned to be completed in the Haidee area this Fall. Drilling at the high-grade Joss target at Beartrack-Arnett returned intersections of 6.79 g/t gold over 6.0 meters and 12.6 g/t gold over 1.2 meters within 2.84 g/t gold over 50.0 meters in hole BT21-238D. This hole, along with BT21-237D, were exploration core holes targeting an approximate 300-meter gap between previous drill holes and confirmed the continuity of high-grade mineralization in this area. The Company also collared drill hole BT21-239DB approximately 400-meters south of the southern-most drillhole at Joss. This hole intersected a zone of fracture-controlled sericite alteration, that is similar to alteration associated with mineralization elsewhere at Beartrack. Geochemical analysis and an interpretation of the geology for BT21-239DB are in progress.
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CSIQ GS | Hot Stocks07:40 EDT Canadian Solar signs O&M agreements with two PV plus battery storage projects - Canadian Solar (CSIQ) announced that it has signed long-term Operations & Maintenance, or O&M, agreements with two solar PV plus battery storage projects in the U.S., namely, the Slate and Mustang projects which were both developed by Canadian Solar's subsidiary Recurrent Energy and are currently owned by Goldman Sachs Asset Management Renewable Power (GS). The agreements cover the full Slate Project, which is a 300 MWac solar plant designed with a 140 MW / 561 MWh battery energy storage system; and the storage component of the Mustang Project, which is a 100 MWac solar plant retrofitted with a 75 MW / 300 MWh battery storage system. Both projects are located in Kings County, California. Under the long-term agreements, Canadian Solar will be responsible for various O&M obligations across both projects, including plant monitoring, NERC registration, performance management and preventative and corrective maintenance. Canadian Solar services will help to increase site availability, minimize downtime and maximize the value of the projects. Dr. Shawn Qu, Chairman and CEO of Canadian Solar said, "As we expand our market leadership position from solar energy into battery storage project development and systems integration, offering operations and maintenance services in battery storage is a natural extension of Canadian Solar's value proposition. We will continue to add value to our customers by providing the best quality service, maximize production of clean renewable energy and enhance the value of solar and battery storage assets through our O&M services. We are delighted to be selected by Goldman Sachs to provide O&M services to both the Mustang and Slate solar and storage projects and look forward to the long-term partnership."
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INFI BMY | Hot Stocks07:39 EDT Infinity Pharmaceuticals appoints Robert Ilaria as CMO - Infinity Pharmaceuticals (INFI) announced the appointment of Robert Ilaria as CMO. In addition, Brian Schwartz, will be transitioning from his role as consulting chief physician to the Infinity board of directors. Ilaria joins Infinity from Bristol-Myers (BMY) where he was most recently the CTLA-4 development program leader.
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HSSHF | Hot Stocks07:39 EDT Digihost Technology produces 44.07 BTC during August - Digihost Technology provides unaudited Bitcoin production updates for August 2021. Corporate Highlights for August 31, 2021: Produced 44.07 BTC during the month, increasing total holdings to 446.2 BTC representing a fair market value of approximately $21.0 million as at August 31, 2021. Total Ethereum holdings of 563.89 ETH representing a fair market value of approximately $1.9 million as at August 31, 2021. Total digital asset inventory value consisting of BTC and ETH of approximately $22.9 million at the end of August. Cash on hand at August 31st was approximately $18.9 million, and total cash and digital asset holdings was approximately $41.7 million. Year-to-date deposits on equipment and infrastructure to be completed in Q4 2021 pertaining to the Company's core business of approximately $24.1 million. For the eight-month period ended August 31, 2021, the Company's mining fleet produced 310.58 BTC, with production broken down as follows: Quarter 1, 2021: 105.26 BTC; January: 33.70; February: 35.02; March: 36.54. Quarter 2, 2021: 109.97 BTC; April: 37.52; May: 34.26; June: 38.19. Quarter 3, 2021: 95.35 BTC; July: 51.28; August: 44.07 The Company mined approximately 23.57 more BTC in the first two months of Q3 2021 compared to the first two months of the previous quarter, representing an increase of 33%. Based on the BTC prices in these respective quarters and the increase in production of BTC mined, the fair market value of the Company's BTC mined on a quarter over quarter basis increased by approximately $821k. Compared to August of 2020, the Company mined approximately 28.58 more BTC in August of 2021, representing an increase of 185%. Based on August 31, 2021, BTC prices compared to August 31, 2020, and the increase in production of BTC mined, the fair market value of the Company's BTC mined in August 2021 increased by approximately $1.9 million.
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ZI | Hot Stocks07:38 EDT ZoomInfo eliminates Up-C corp structure after Class A restructuring - ZoomInfo announced that its board of directors has unanimously approved streamlining the Company's corporate structure and governance by eliminating the Company's UP-C structure. This approval comes after the majority of OpCo units, along with shares of Class B and Class C common stock, were converted to Class A common shares during the week ending September 3. As a result of this approval, the Company plans to pursue a reorganization of certain corporate entities, which will result in all shareholders holding the same class of common stock with the same economic and voting interests. "This is an exciting next step in our evolution as a public company," said Henry Schuck, ZoomInfo Founder and CEO. "Since our successful IPO last year, ZoomInfo has established itself as a leading software company, consistently delivering a combination of growth and profitability. Just as removing complexity is good for our customers, it's also good for our investors. With this move to simplify our corporate structure, we further reinforce our commitment to good corporate governance, eliminating multiple share classes, and giving all of our shareholders one vote per share." The Company believes that these changes will unlock shareholder value by expanding potential investor appeal through reduced complexity, and more investor friendly corporate governance. The restructuring is expected to enable the Company to become eligible for inclusion in relevant stock indices. Operationally, the Company expects the simplification to reduce compliance and reporting costs, and increase cash flow, as well as increase the flexibility with respect to future transactions and potential acquisitions. The Company expects to record net assets exceeding $800M related to the conversion of OpCo units to Class A common stock, comprised of deferred tax assets partially offset by the corresponding Tax Receivables agreements liabilities that will be realized over the next 15-20 years. The Company is targeting completing the conversion to a single class of common stock in the fourth quarter of 2021. ZoomInfo has experienced rapid growth since its public listing in June 2020. In the second quarter of 2021, ZoomInfo announced revenue of $174M, an increase of 57% year-over-year, and closed the quarter with a Company record of more than 1,100 customers with $100,000 or greater in annual contract value.
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CBOE | Hot Stocks07:37 EDT Cboe, EuroCCP debut new European derivatives market - Cboe Europe, the pan-European exchange operator and subsidiary of Cboe Global Markets, announced the successful launch of Cboe Europe Derivatives, or CEDX, a new Amsterdam-based futures and options marketplace. CEDX opened for trading on Monday 6 September, offering futures and options based on Cboe Europe single country and pan-European indices, and successfully executed and cleared its first trades. Contracts traded on CEDX are cleared at EuroCCP, Cboe's pan-European clearing house, allowing customers to benefit from efficiencies in trading and clearing. Ade Cordell, president of Cboe NL, said: "We are delighted to have successfully launched CEDX and are encouraged by the levels of customer interaction we've seen already. With the support of our launch participants, we have brought to life a brand-new exchange, clearing house and futures and options product suite. We couldn't be more excited for the future growth of this marketplace and Europe's equity derivatives market overall."
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AEHR | Hot Stocks07:36 EDT Aehr Test Systems receives $19.4M order from automotive semiconductor supplier - Aehr Test Systems announced it has received a $19.4 million order from its lead silicon carbide test and burn-in customer for multiple FOX-XP systems to meet their increased production capacity needs. This customer is a leading Fortune 500 supplier of semiconductor devices with a significant customer base in the automotive semiconductor market, and is using the FOX-XP systems for test and burn-in of silicon carbide devices for electric vehicles. The corresponding Aehr proprietary WaferPak Contactors for these systems, which are used to make contact with every device on each of 18 wafers in parallel per system, will be purchased in follow-on orders from this customer. These systems are scheduled to be delivered over the next nine months.
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AXU | Hot Stocks07:35 EDT Alexco Resource reports interim results from Bermingham Drilling - Alexco Resource reported initial results from its ongoing Bermingham Northeast Deep zone infill and extension drilling program in the Keno Hill Silver District, Yukon Territory. The current 19,000 meter drill program targets over 50 resource intercepts along a zone that was discovered in 2019 and extended over a 500 m strike length in 2020. 2021 Exploration Results Highlights. The 2021 exploration drilling program is currently approximately 80% complete with assays available from the first 24 holes. The drilling program is focused at depth northeast of the Bermingham deposit that contains silver mineral resources of 32.96 million ounces Indicated and 11.74 Moz Inferred. Interim results confirm the presence of an approximate 500 m long sub horizontal mineralized zone with at least a 100 m vertical extent located approximately 150 m below the Bermingham Northeast mining reserve. To achieve an accurate intersection pattern at depth, directional core drilling is being used to ensure a resource estimation can be completed as planned in Q4 2021. Alexco's Chairman and CEO, Clynt Nauman commented, "We are very encouraged by the initial results from the Bermingham Northeast Deep drilling, confirming the importance of this discovery both from an exploration and potentially, from an operations perspective. This zone of mineralization is shaping up to be within 200 meters of our currently planned underground ramp and haulage infrastructure. Upon completing an updated Mineral Resource Estimate for Bermingham in Q4, we will look to incorporate these results into an updated and expanded Mineral Reserve. The discovery also has significant implications in a district where historically, silver mineralization was considered shallow and discontinuous. The Bermingham mineralized corridor - shallow and deep - is still open both to the southwest to and beyond the Brefalt Fault offset, and to the northeast toward the adjacent historical Hector-Calumet mine."
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CBAH | Hot Stocks07:30 EDT Altus Power upsizes senior funding facility to $503M - Altus Power announced that it has increased the size of its investment grade senior funding facility to $503M and reduced the facility's interest rate, while also extending the facility's term. Altus Power previously announced an agreement for a business combination with CBRE Acquisition Holdings, which is expected to result in Altus Power becoming a public company listed on the New York Stock Exchange. Altus Power has refinanced its existing senior funding facility with Blackstone Credit's Structured Products Group to add an additional $135M, bringing the aggregate facility to $503M. The upsized senior funding facility now carries a weighted average 3.51% annual fixed rate, reduced from the previous weighted average rate of 3.70%, and matures in February 2056.
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ADAP | Hot Stocks07:30 EDT Adaptimmune trading resumes
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PASG | Hot Stocks07:29 EDT Passage Bio appoints Maxine Gown as chairwoman of the board - Passage Bio reported that Maxine Gowen, Ph.D., has been appointed chairwoman of the board of directors for the company, effective August 31. Gowen has been a member of Passage Bio's board since February 2021 and currently serves on the Nominating and Corporate Governance Committee. She will continue to serve on this committee in her capacity as board chairwoman. Gowen is chief executive officer of Tamuro Bio, a role that she has held since July 2019.
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NHVCF | Hot Stocks07:28 EDT Northern Vertex provides Hercules Gold Project exploration update - Northern Vertex Mining provides an update on its 100 square kilometer Hercules Gold Project in western Nevada. Integration of recent and historic surface mapping, sampling, drilling, and property-scale geophysical survey data has resulted in the generation of four new verified gold target areas on the property, as well as indicated the potential for links between existing targets. Northern Vertex President, Michael G. Allen commented "We continue to advance the Hercules Project using both traditional and innovative exploration techniques. The results that we have received continue to show that the Hercules Gold Project has the potential to be a significant new discovery in Nevada, and we look forward to drilling on new and expanded targets on the Project." Key Points: Four new exploration target areas, Ursa, Como Ridge, Hades, and Jurassic Park have been identified; A sample from the eastern parts of the Hercules exploration target area returned 72.40 g/t gold and 2,690 g/t silver; Ongoing surface exploration continues to identify and further delineate structure-hosted epithermal precious metal mineralization in multiple areas; Results obtained from sagebrush phytogeochemical line sampling conducted over target areas in the north of the property indicate that they may be linked into one large mineralized system; Notice of Intent permits have been received for drilling the Sirens and Como-Comets target areas; Exploration target area prioritization is ongoing ahead of the anticipated Q3/2021 receipt of an Exploration Area Plan-of-Operations permit; Exploration drilling is planned for Q4/2021
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NUVCF | Hot Stocks07:27 EDT Nuvei acquires Paymentez, terms not disclosed - Nuvei Corporation announced the acquisition of Paymentez. Founded in 2011, Paymentez provides a breadth of payment solutions to merchants and financial institutions, including gateway, white-labeling, card acquiring and prepaid card options. Paymentez supports high-growth eCommerce verticals including online games, delivery platforms, mobility, transportation, sports, as well as other segments throughout Latin America. Paymentez provides direct connectivity in eleven countries with local acquiring in nine countries, supports more than 80 local and alternative payment methods, including bank transfer, wallets, instant payment networks and the most relevant cash networks to provide a comprehensive local payment platform for more than 4,000 merchants in the region. Customers include Rappi, one of the region's fastest growing consumer technology companies specializing in online delivery services; DirecTV, an American direct broadcast satellite service provider; General Motors, the automotive multinational corporation; amongst many others. Paymentez also offers its platform as a service to acquirers and banks, such as Redeban, Davivienda and others, helping them to serve their customers looking for a platform to process online payments, eliminating the complexity and improving their competitiveness. With offices in Sao Paulo, Buenos Aires, Bogota, Guayaquil and Mexico City, Paymentez currently has 46 employees and is growing rapidly. As part of the acquisition, Paymentez CEO and cofounder, Juan F. Franco joins Nuvei as General Manager, Latin America (LATAM), responsible for leading the Company's commercial and operational expansion in the region.
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OBNNF | Hot Stocks07:26 EDT Osisko Mining announces results from drill program at Windfall project - Osisko Mining is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec. Significant new analytical results presented below include 142 intercepts in 32 drill holes and 24 wedges. The infill intercepts are located inside defined February 2021 mineral resource estimate blocks. The expansion intercepts are located outside the February 2021 MRE blocks and either expand resource wireframes or are in a defined zone or corridor but do not yet correlate to a specific wireframe. Selected high-grade intercepts include: 512 g/t Au over 2.4 metres in WST-21-0833; 212 g/t Au over 2.4 metres in WST-21-0842; 86.8 g/t Au over 3.4 metres in OSK-W-21-2287-W4; 141 g/t Au over 2.0 metres and 29.0 g/t Au over 5.5 metres in OSK-W-21-2503-W4; 108 g/t Au over 2.3 metres in OSK-W-21-2531-W1; 42.1 g/t Au over 4.8 metres in OSK-W-21-2470; 17.3 g/t Au over 11.4 metres in OSK-W-21-2537-W1; 83.0 g/t Au over 2.0 metres in OSK-W-21-2548-W2, and 57.6 g/t Au over 2.1 metres in WST-21-0854A.
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JPM | Hot Stocks07:24 EDT Howard University names JPMorgan as primary bank - On Tuesday, Howard University and JPMorgan Chase announced an expanded relationship making JPMorgan Chase the University's primary operating bank. This move brings together the two institutions' shared values of excellence, leadership, service and trust to drive impact for Howard students, faculty and staff. The banking relationship is directly aligned with Howard's five-pillar Howard Forward strategic plan and supports the University's goals of improving efficiency and effectiveness and serving the community. It builds on many years of successful collaboration between Howard and JPMorgan Chase focusing on the academic development and recruitment of Howard students.
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ELMS | Hot Stocks07:23 EDT Electric Last Mile Solutions completes structural confirmation impact testing - Electric Last Mile Solutions announced that it completed structural confirmation impact testing for its Urban Delivery commercial class 1 vehicle. With this phase complete, the body design has been frozen. Testing took place at the NHTSA validated Calspan facility in Buffalo, NY. ELMS plans to launch introduction models of the Urban Delivery electric vehicle in the U.S. market beginning late in the third quarter. Production will occur at the Company's plant in Mishawaka, Indiana.
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MRO | Hot Stocks07:23 EDT Marathon Oil announces full redemption of $900M Senior Notes due 2025 - Marathon Oil announced that the Company fully redeemed its $900M aggregate principal amount of 3.85% Senior Notes Due 2025, accelerating the realization of Marathon Oil's previously disclosed gross debt objective of approximately $4B. This transaction brings total 2021 gross debt reduction to $1.4B and will contribute to approximately $50M of annualized cash interest expense savings. "This meaningful acceleration of our gross debt reduction objective further enhances our investment grade balance sheet that is foundational to our framework for success," said Chairman, President, and CEO Lee Tillman. "As a result, we will be shifting our return of capital focus to equity holders while still retiring future debt at maturity, fully consistent with our message during our recent second quarter earnings call. We continue to believe that our commitment to a strong balance sheet, ESG excellence, sustainable free cash flow generation, and meaningful return of capital to shareholders is the best approach to maximizing shareholder value in our industry."
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PCOM | Hot Stocks07:23 EDT Points International announces TSX approval of share repurchase - Points International announced that the Toronto Stock Exchange has accepted its notice of intention to make a normal course issuer bid to repurchase up to 746,992 of its common shares, representing approximately 5% of its 14,939,842 common shares issued and outstanding as of August 31, 2021. Points has entered into an automatic share purchase plan with a broker in order to facilitate the Repurchase. The primary purpose of the Repurchase is purchases for cancellation. Under the automatic share purchase plan, Points' broker may repurchase shares at times when Points would ordinarily not be permitted to due to regulatory restrictions or self-imposed blackout periods. Repurchases will be made from time-to-time at the broker's discretion based upon parameters prescribed by the parties' written agreement. Repurchases may be effected through the facilities of the TSX, the NASDAQ Capital Market or other alternative trading systems in the United States and Canada. All purchases of common shares will be made in accordance with applicable securities laws and stock exchange rules of the United States and Canada. Repurchases on NASDAQ will be at the market price at the time of purchase in compliance with applicable securities laws of the United States and Repurchases on the TSX will be at the market price at the time of purchase in accordance with the rules and policies of the TSX. Purchases may also be made through other alternative trading systems in the United States and Canada, or by such other means as may be permitted by the TSX, NASDAQ and applicable law. As a result of certain rules and policies of the TSX, subject to certain permitted exceptions, the maximum number of shares which can be repurchased per day on the TSX is 1,070 based on 25% of the average daily trading volume on the TSX for the prior six months Subject to regulatory requirements, the actual number of common shares purchased and the timing of such purchases, if any, will be determined by Points' broker having regard to future price movements and other factors, including the parameters prescribed by the parties' written agreement. The Repurchase will commence on September 9, 2021 and will terminate on September 8, 2022. Points did not purchase any common shares under its previous normal course issuer bid. Points' previous normal course issuer bid commenced on September 9, 2020 and will terminate on September 8, 2021.
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TALO | Hot Stocks07:22 EDT Talos Energy provides update regarding response in Gulf of Mexico - Talos Energy clarified that the company's assets were not the source of an oil release in Bay Marchand Block 5, off the coast of Port Fourchon, Louisiana in the U.S. Gulf of Mexico. Talos conducted both physical inspections and subsea sonar scans that confirmed Talos assets were not the source or cause of the release. The company has observed several non-Talos owned subsea pipelines that were likely impacted by Hurricane Ida, including a 12" diameter non-Talos owned pipeline that appears to be the source of the release. On Monday, September 6th, response personnel installed a containment dome on the affected pipe, which allows for the recovery of the release and transfer to surface vessels.
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FLGC | Hot Stocks07:21 EDT Flora Growth gets commercial export quota of cannabis flower from Colombian govt - Flora Growth is pleased to announce that it has received its 2021 export quota from the Colombian Technical Quotas Group, TQG, to cultivate up to 7,900 kilograms of high-THC cannabis dried flower for direct sale or processing into derivative products for export to international markets. "We have been eagerly anticipating and preparing for this announcement by cloning thousands of plants which we currently have in propagation waiting to be transferred into our fields. While awaiting this quota, we were focused on optimizing our cultivation strategy and demonstrating our industry-leading production costs of just US$0.06 per gram, while continuing to build out our facilities and applying for third party certifications," said Javier Franco, VP of Agriculture of Flora. "While we prioritize planting the new high-THC cultivars, it's also important to note we are actively harvesting our high-CBD crops, and anticipate that this harvest will create a robust pipeline of cannabis derivatives for Flora to use across its premium brands and products, as well as for export to multiple international markets." Management believes that the new 2021 export quota allocation that Flora has been provided to cultivate, process, and distribute high-THC cannabis dried flower and derivatives, will be sufficient to meet the international demand for Flora's product for the remainder of 2021 and at the onset of 2022. Flora previously announced agreements with Kiricann and Evergreen Pharmacare to supply dried flower and derivatives for distribution in Africa and the EU, as well as to Australia, respectively. Additionally, the Company announced that it intends to make a strategic investment into Hoshi International, which will establish Flora as a preferred supplier to Hoshi's two EU processing facilities, located in Malta and Portugal. "This is a significant milestone for the Company and represents a major opportunity to export our high-margin, high-THC goods to legal markets around the world," said Jason Warnock, Chief Revenue Officer of Flora. "It's also important to note that this quota is for THC cannabis products as Flora does not require any quota for non-psychoactive cannabis flower or derivatives."
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ORTX | Hot Stocks07:21 EDT Orchard Therapeutics announces grant of inducement awards - Orchard Therapeutics announced that the Compensation Committee of Orchard's Board of Directors approved the grant of non-statutory stock options to four new employees to purchase an aggregate of 278,500 ordinary shares under Orchard's 2020 Inducement Equity Plan. The awards were granted as an inducement material to the employees' acceptance of employment with Orchard in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $3.09 per share, which is equal to the closing price of Orchard's American Depositary Shares as reported by Nasdaq on September 1, 2021. The options have a ten-year term and vest over four years, with 25% vesting on the one-year anniversary of the employee's date of hire and the remainder vesting in equal monthly installments for three years thereafter, subject to the employee's continued service with Orchard on each such vesting date. The options are subject to the terms and conditions of Orchard's 2020 Inducement Equity Plan and the terms and conditions of share option agreements covering the grants.
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ADAP RHHBY | Hot Stocks07:20 EDT Adaptimmune, Genentech enter collaboration for allogeneic T-cell therapies - Adaptimmune Therapeutics (ADAP) announced that it has entered into a strategic collaboration and license agreement with Genentech, a member of the Roche Group (RHHBY) to develop and commercialize allogeneic cell therapies to treat multiple oncology indications. The collaboration has two components: Development of allogeneic T-cell therapies for up to five shared cancer targets; Development of personalized allogeneic T-cell therapies. For each component, Adaptimmune will be responsible for developing clinical candidates using its induced pluripotent stem cell derived allogeneic platform to produce T-cells. Genentech will be responsible for the input TCRs and subsequent clinical development and commercialization. Under the terms of the agreement, Adaptimmune will receive an upfront payment of $150 million and additional payments of $150 million over five years, unless the agreement is earlier terminated. In addition, Adaptimmune may be eligible to receive research, development, regulatory and commercial milestones payments potentially exceeding $3 billion in aggregate value. Adaptimmune will also receive tiered royalties on net sales in the mid-single to low-double digits. Adaptimmune has the right to opt in to a 50/50 U.S. profit/cost share on "off-the-shelf" products. If Adaptimmune elects to opt in, then Adaptimmune will be eligible to share 50 percent of profits and losses from U.S. sales on such products and is eligible to receive ex-U.S. regulatory and sales-based milestone payments, as well as royalties on ex-U.S. net sales. The effectiveness of the agreement is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act.
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NVTA | Hot Stocks07:20 EDT Invitae to acquire Ciitizen for $325M in stock, cash transaction - Invitae announced it has entered into a definitive agreement to acquire Ciitizen, a patient-centric consumer health tech company. "Invitae is relentlessly pursuing a day when genetics is used routinely to improve healthcare for billions of people around the globe. We believe combining Ciitizen's state-of-the-art, transparent and patient-consented platform with our technologies and services will accelerate our evolution into a genome information company that informs healthcare throughout one's life. This would give us the ability to engage patients, create an innovative patient-centered data ecosystem and deliver better outcomes for everyone. Invitae views the acquisition of Ciitizen as an important part of its strategy to be the industry leader across the genetic testing, software and health information technology spaces," said Sean George, Ph.D., co-founder and CEO of Invitae. The addition of Ciitizen is expected to empower Invitae to more quickly extend its platform, adding a patient service that streamlines the process of collecting and organizing health information from any source and uses machine learning to transform the unstructured health information to enable better care decisions, find clinical trials, and power research using real-world evidence. Under the terms of the agreement, Invitae will acquire Ciitizen for approximately $325M, consisting of approximately $125M in cash and approximately 7,070,000 shares of Invitae common stock. Invitae will also issue approximately $225M in restricted stock units to new employees who join Invitae in connection with its acquisition of Ciitizen. The transaction, which has been unanimously approved by the Boards of Directors of both companies, is expected to close this month.
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GXO | Hot Stocks07:18 EDT GXO Logistics pilotes customised robotic arm for fashion ecommerce logistics - GXO Logistics has launched an pilot of intelligent automation at its fashion ecommerce warehouse in Tilburg, the Netherlands. GXO's pilot of the Pick-it-Easy Robot station is tailored for one of its key global customers, in collaboration with value chain tech provider KNAPP AG. The pilot is the first application of KNAPP's Pick-it-Easy Robot technology for automated pocket induction in the sector for apparel logistics. The Pick-it-Easy's Artificial Intelligence based vision system recognizes each product and identifies the optimal gripping point and gripping speed, while the arm places items into a pocket conveyor for sorting, grouping and routing to packing stations. It addresses the unique logistics challenges presented by the apparel industry, given the vast range of product sizes, shapes, textures, weights and packaging. After the implementation of the first KNAPP Pick-it-Easy Robot is complete, GXO plans to expand its use of technology in Tilburg with an additional four robots.
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ENB | Hot Stocks07:18 EDT Moda Midstream, EnCap Flatrock to sell Moda Ingleside other assets for $3B - Liquids terminaling and logistics company Moda Midstream, and Moda's financial sponsor EnCap Flatrock Midstream announced they have entered into a definitive agreement to sell the Moda Ingleside Energy Center and other Moda assets to Enbridge for an enterprise value, net of working capital and cash, of approximately $3B subject to closing adjustments. Located in Ingleside, Texas, MIEC is the nation's largest crude export terminal by volume, having loaded more than 25 percent of all U.S. Gulf Coast crude exports in 2020. MIEC has an aggregate storage capacity of more than 15 million barrels and an export capacity of 1.6 million barrels per day. The asset serves as a critical link connecting Permian and Eagle Ford production to international markets. MIEC's proximity to open water combined with its very large crude carrier capability and rapid loading rates position it globally as one of the most important export facilities in the world. MIEC provides customers an unparalleled advantage due to its wellhead-to-water access and direct connectivity to next-generation long-haul crude pipelines, including Cactus I, Cactus II, Gray Oak, EPIC and the Harvest Ingleside pipeline. Other assets included in the transaction are Moda's Taft Terminal located near MIEC; a minority, non-operating interest in the Cactus II Pipeline; a 100 percent interest in Moda's Viola Pipeline; and Moda's St. James Development Project, a brownfield joint-development opportunity to build independent third-party logistics solutions for customers in the St. James, Louisiana, area. Both the Cactus II and Viola pipelines connect to MIEC. At closing, Moda Executive Vice President, COO and Founder Javier del Olmo will join Enbridge as Vice President, USGC Terminaling Operations. Key Moda personnel and the entire MIEC team will join Mr. del Olmo at Enbridge as the core of the new USGC Terminaling team in Enbridge's Liquids Pipelines business unit. The transaction is subject to customary regulatory approvals and closing conditions and is expected to close by the end of this year.
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SSTK | Hot Stocks07:17 EDT Shutterstock acquires PicMonkey, online graphic design platform - Shutterstock announced the acquisition of PicMonkey, an online graphic design and image editing platform. "Content is at the core of Shutterstock's offering, and selecting an asset is just one step of the creative process. A key element of Shutterstock's strategy and vision is providing a suite of solutions for the entire creative journey, regardless of experience or expertise level," said Stan Pavlovsky, Chief Executive Officer at Shutterstock. "PicMonkey's easy-to-use design and editing tools, collaboration features across teams, and robust library of pre-designed templates makes professional publishing assets accessible at scale to anyone, and is expected to allow Shutterstock to enhance and accelerate the delivery of our vision for our customers around the world." Key features of the PicMonkey tool includes photo editing, effects, touch-up tools, brand kits, cloud storage video, animations, and multi-page for creators, solopreneurs, social marketers, marketing professionals, pro designers and casual creatives. "These design and editing features represent a natural extension of Shutterstock's content offering, and on a combined basis, will enable the delivery of a more unified customer experience across the creation journey," the company said.
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VIEW | Hot Stocks07:17 EDT View Inc. announces smart windows installed in Versante Hotel - View announced its smart windows have been installed at the newly opened Versante Hotel, in Richmond, BC. The five-star boutique hotel, owned by its parent company Sunwins Enterprise Ltd., is part of the International Trade Centre, an expansive mixed-use complex developed by Sunwins near the Vancouver International Airport. The complex consists of numerous new high-end retail and restaurant options, as well as two Class-A office towers.
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MIME | Hot Stocks07:16 EDT Mimecast appoints Joe Mercurio as interim CRO - Mimecast announced it has appointed Joe Mercurio Interim Chief Revenue Officer, effective October 5, 2021. This appointment follows the resignation of Chief Revenue Officer, Dino DiMarino, who will depart from the Company in early October to pursue another opportunity. Mr. DiMarino will work with Mr. Mercurio, supported by CEO Peter Bauer, CFO Rafe Brown as well as the existing global sales leadership team, to facilitate an orderly transition. Mimecast has initiated a search to identify Mr. DiMarino's successor with the assistance of the executive search firm Daversa Partners. Mercurio has been with Mimecast for more than four years, most recently as the Senior Vice President of Sales, North America.
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TMDX | Hot Stocks07:16 EDT TransMedics receives FDA approval for its OCS Heart System - TransMedics announced that the U.S. Food and Drug Administration has granted premarket approval of its OCS Heart System for use with organs from donors after brain death, or DBD. The OCS Heart System is indicated for the preservation of DBD donor hearts deemed unsuitable for procurement and transplantation at initial evaluation due to limitations of prolonged cold static cardioplegic preservation. This indication is based on the results of the OCS Heart EXPAND Trial, the associated OCS Heart EXPAND Continued Access Protocol and the OCS Heart PROCEED II Trial. The approval of the OCS Heart System follows FDA approval and subsequent commercialization of the OCS Lung System. TransMedics is also seeking FDA approval for its OCS Liver System, which received a favorable vote in support its approval by a panel of experts during an FDA Advisory Committee Meeting on July 14th, 2021.
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LEXX | Hot Stocks07:16 EDT Lexaria Bioscience reports initial results from HYPER-H21-2 study - Lexaria Bioscience reported initial results from human clinical study HYPER-H21-2 evaluating DehydraTECH-processed cannabidiol, or CBD, for potential application against hypertension. Partial results related to blood pressure are being released, while additional BP subset analyses, sleep quality and all other data analyses are in progress and will be reported upon when complete. At selected times during the 24-hour study, volunteers with mild to moderate hypertension averaged as much as a 20 mmHg, or 23%, decrease in blood pressure relative to placebo. Over the 24-hour ambulatory monitoring period, volunteers averaged a significant reduction of 7% in systolic pressure with DehydraTECH-CBD relative to placebo. Over the 24-hour ambulatory monitoring period, volunteers averaged a significant reduction of 5.3% in MAP with DehydraTECH-CBD relative to placebo. Over the 24-hour ambulatory monitoring period, volunteers averaged a significant reduction of 3.5% in diastolic pressure relative to an increase in diastolic pressure from baseline with DehydraTECH-CBD relative to placebo. DehydraTECH-CBD triggered its most significant effects upon BP attenuation through the overnight period while subjects slept and in the early morning period. This observation could have tremendous value therapeutically as these periods of the day are most often associated with cardiac stress and infarct events in hypertensive patients when people rise suddenly from and/or become increasingly active relative to the supine/sleeping state. Analysis of the physical activity levels of the volunteers with mild to moderate hypertension during the 24-hour monitored period showed no significant differences in activity between the placebo and the DehydraTECH-CBD treated volunteers, indicating that the observed differences in BP were not due to disparate physical movement or demands. DehydraTECH-CBD was well tolerated by all subjects, with no serious adverse events or side effects observed or reported or incidence differences between groups.
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PLRX | Hot Stocks07:15 EDT Pliant Therapeutics reports interim results from Phase 2a PET Imaging trial - Pliant Therapeutics announced positive interim results from a Phase 2a positron emission tomography imaging-based clinical trial of PLN-74809, an oral small molecule dual selective inhibitor of alphavbeta6/alphavbeta1, in patients with idiopathic pulmonary fibrosis. Across four dose levels, all patients achieved greater than 50% target engagement after a single dose of PLN-74809. Target engagement of 50% was previously established in a Phase 1b trial as the threshold for predicted clinical anti-fibrotic effect. In addition, there was a dose- and plasma concentration-dependent response with the two highest doses approaching target saturation. The ongoing Phase 2a open-label PET imaging clinical trial is designed to evaluate alphavbeta6 target engagement levels achieved by PLN-74809 when administered across single-doses of 60 mg, 120 mg, 240 mg or 320 mg in IPF patients. The trial is also evaluating safety, tolerability and pharmacokinetics. Patients undergo a PET scan prior to dosing and at four hours post-dose to evaluate target alphavbeta6 specific engagement. Images are analyzed for regions of high fibrotic activity, which are then evaluated for target engagement. Following completion of a standard washout period, patients may consent to receive a second dose of PLN-74809 at a different dose level followed by a second post-dose PET scan. As fibrosis is a chronic disease, proof-of-efficacy in human trials is expensive and takes years to complete. Pliant utilizes pharmacodynamic biomarkers and advanced imaging techniques, including PET, to evaluate target engagement by our product candidates over relatively short time periods and de-risk Pliant's programs by designing clinical trials that allow the Company to show proof-of-mechanism in advance of clinical efficacy data. Four IPF patients were administered six single doses of PLN-74809 across 60 mg, 120 mg, 240 mg or 320 mg, generating a total of six post-dose scans. PLN-74809 Demonstrated Lung Penetration, with Greater than 50% Target Engagement Achieved in the Lungs of All IPF Patients Across All Dose Cohorts: Up to 98% target engagement of PLN-74809 achieved; Greater than 50% target engagement of PLN-74809 achieved across all doses. Dose and Plasma Concentration Response Established : PLN-74809 achieved a dose response across all single-doses from 60 mg to 320 mg; Suggests target engagement levels along the entire exposure curve of PLN-74809; Supports potential anti-fibrotic activity of PLN-74809 at the doses being evaluated in the ongoing Phase 2a INTEGRIS-IPF trial. PLN-74809 Well-Tolerated Across All Doses: No serious adverse events reported.
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ENB | Hot Stocks07:14 EDT Enbridge enters definitive purchase agreement to acquire Moda Midstream for $3B - Enbridge announced that it has entered into a definitive purchase agreement with EnCap Flatrock Midstream to acquire Moda Midstream Operating for $3B in cash, subject to closing adjustments. The acquisition will advance the company's U.S. Gulf Coast export strategy. "We're very excited about acquiring North America's premium, very large crude carrier capable, crude export terminal," commented Al Monaco, President and Chief Executive Officer of Enbridge. "Over the last several years we've been building a strong position in the U.S. Gulf Coast through both natural gas and crude infrastructure. Our strategy is driven by the important role that low cost, sustainable North America energy supply will play in meeting growing global demand. With close proximity to world-class Permian reserves, and with cost effective and efficient export infrastructure, our new Enbridge Ingleside terminal will be critical to capitalizing on North America's energy advantage. Central to the transaction, Enbridge will acquire a 100% operating interest in the Ingleside Energy Center, located near Corpus Christi, Texas. Enbridge will also acquire a 20% interest in the 670-thousand-barrel per day Cactus II Pipeline, a 100% operating interest in the 300-thousand-barrel per day Viola pipeline, and a 100% operating interest in the 350-thousand-barrel Taft Terminal. The transaction is expected to close in the fourth quarter of 2021, subject to customary regulatory approvals and closing conditions. Moda's Ingleside Management and key Moda marine terminal personnel will remain in place following closing of the transaction, ensuring continuity of operations and ongoing development activities.
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CRSR | Hot Stocks07:13 EDT Corsair Gaming announces $350M credit facility - Corsair Gaming announced it completed the refinancing of its 2017 credit facilities with borrowings under a new $350 million credit facility, consisting of a $250 million term loan and $100 million revolving line-of-credit, both maturing in August 2026. The new term loan is provided by Bank of America and bears interest at a rate equal to a margin plus either a base rate or LIBOR rate. Based on Corsair's net leverage ratio at the time of the new borrowing, the rate for a LIBOR borrowing under the new term loan is LIBOR plus 1.25%, compared to the retired term loan which carried a combined interest rate of 4.75% for a LIBOR borrowing, made up of LIBOR, with a 1.00% floor, plus a margin of 3.75%. Corsair repaid the full $273.9 million outstanding under its 2017 credit facility using proceeds from this 2021 credit facility and cash-on-hand. The maturity date of the retired term loan was August, 2024 and of the retired revolving line-of-credit was August 2022.
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ACIC | Hot Stocks07:12 EDT FAA approves G-1 certiication basis for Archer - Archer Aviation has been actively engaged with the FAA through its Center for Emerging Concepts & Innovation and the Los Angeles Aircraft Certification Office to develop the airworthiness and environmental requirements necessary for full certification of its eVTOL aircraft. Archer is pleased to announce that the FAA G-1 Issue Paper: Certification Basis has been approved and signed, enabling Archer to move further down the runway towards its goal of obtaining an FAA Type Certification for its eVTOL aircraft. The G-1 Certification Basis is based on the FAA's certification standards contained in 14 C.F.R. Part 23. With Part 23 as the foundation, the G-1 Certification Basis sets forth the specific Airworthiness Standards and Environmental Standards required for FAA Type Certification. With these requirements now established, Archer can focus on finalizing its G-2 Issue Paper with the FAA, which will set forth the means of compliance to meet the requirements set forth in the G-1 Issue Paper. Archer has been working on the means of compliance for the G-2 Issue Paper with the FAA since earlier this year, as well as the necessary testing and methods required to demonstrate safety and compliance of our aircraft.
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RDHL | Hot Stocks07:12 EDT RedHill Biopharma announces results from opaganib study - RedHill Biopharma announced results of a new preclinical study demonstrating opaganib's efficacy in significantly decreasing renal fibrosis in a unilateral ureteral obstruction-induced renal interstitial fibrosis model. Reports suggest that over 20% of hospitalized COVID-19 patients experience acute renal failure. Results from the study showed that opaganib significantly decreased renal fibrosis. Opaganib, a novel small molecule investigational oral pill in development for the treatment of COVID-19, is a unique host targeted, dual antiviral and anti-inflammatory drug that acts on the cause and effect of COVID-19. It is believed to exert its antiviral effect by selectively inhibiting SK2, a key enzyme produced in human cells that may be recruited by the virus to support its replication. Opaganib's global 475-patient Phase 2/3 study in hospitalized patients with COVID-19 has completed its treatment and follow up phase, and study top-line results are upcoming. Evaluations of blinded blended intubation and mortality rates from the Phase 2/3 study have been "encouraging" compared to reported rates of mortality from large platform studies such as RECOVERY, and other studies in similar patient populations. Furthermore, the opaganib Phase 2/3 study has also passed four Data Safety Monitoring Board reviews, as well as a futility review, extending the total opaganib safety database to more than 460 patients and healthy subjects. Opaganib previously delivered positive U.S. Phase 2 data in patients with severe COVID-19, has been recently published in medRxiv. Additionally, encouraging use of opaganib under compassionate use exemption has been experienced in Israel and Switzerland.
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PTGX | Hot Stocks07:11 EDT Protagonist Therapeutics appoints Scott Plevy as Executive VP, Therapeutic Head - Protagonist Therapeutics announced the appointment of Scott Plevy, M.D., to the role of Executive Vice President, or VP, and Therapeutic Head, Gastroenterology. Dr. Plevy will oversee clinical operations and development of Protagonist's ongoing and future programs in gastrointestinal diseases, including PN-943, an investigational drug candidate currently in a Phase 2 study in ulcerative colitis. Dr. Plevy is a gastroenterologist and molecular immunologist who most recently served as Chief Scientific Officer at Senda Biosciences.
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DXLG | Hot Stocks07:11 EDT Destination XL announces transition to Nasdaq Global Market - Destination XL Group announced that shares of the Company's stock are expected to begin trading on the Nasdaq Global Market under the symbol "DXLG" effective at market open on Wednesday, September 8, 2021. On September 3, 2021, the Company repaid in full its FILO (first-in, last-out) loan facility. In connection with the repayment, the FILO lender agreed to a reduction in the amount of the prepayment premium that otherwise would have been payable as a result of the Company's early repayment. The Company paid a total of $18.6 million, including $17.5 million in principal, $1.1 million in accrued interest and prepayment premium, and related expenses. The FILO loan facility carried a minimum annual interest rate of 8.0% and had a maturity date of March, 2026. The prepayment of the FILO loan was from cash on-hand.
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MAIN | Hot Stocks07:10 EDT Main Street announces follow-on investments - Main Street Capital announces that it recently invested a total of $26M in first lien, senior secured term debt in two existing portfolio companies. Main Street recently completed a follow-on investment in OMi Holdings to support a recapitalization of OMi. Main Street's first investment in OMi was completed in April 2008. Main Street also recently completed a follow-on investment in Cody Pools.
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MKTX | Hot Stocks07:10 EDT MarketAxess report August monthly trading volume of $467.7B - MarketAxess Holdings announced monthly trading volume for August 2021 of $467.7 billion consisting of $176.0 billion in credit volume and $291.7 billion in rates volume.
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ALNY | Hot Stocks07:09 EDT Alnylam gives more data on HELIOS-A Phase 3 study of vutrisiran for amyloidosis - Alnylam Pharmaceuticals announced additional positive results from subgroup analyses and exploratory endpoints of the HELIOS-A Phase 3 study of vutrisiran, an investigational RNAi therapeutic in development for the treatment of transthyretin-mediated amyloidosis. Data presented at the 3rd European ATTR Amyloidosis Meeting further supports and builds on the previously reported primary and secondary endpoint results of the HELIOS-A study in hereditary ATTR amyloidosis patients with polyneuropathy, with improvements observed across important areas of patient health and function, including neuropathy impairment, Quality of Life , ability to perform daily activities and social engagement, nutritional status, and cardiac stress. "Hereditary ATTR amyloidosis is a multisystem, rapidly progressive disease with significant impact on the daily lives of patients, and which worsens over time without appropriate management," said Pushkal Garg, M.D., Chief Medical Officer of Alnylam. "These additional data from the HELIOS-A study show the potential of vutrisiran in treating a broad group of patients with hATTR amyloidosis with polyneuropathy, with encouraging improvements seen across a range of important health and functional measures. Additionally, patients experienced improvements in neuropathy impairment and quality of life scores regardless of prior TTR stabilizer use. We look forward to sharing additional results at the 18-month readout, expected later this year. With the recent NDA submission accepted for review by the U.S. FDA and planned regulatory submission in Europe ahead of schedule, we are continuing our progress to bring vutrisiran forward as a potential new treatment option for hATTR amyloidosis patients with polyneuropathy, with subcutaneous administration and quarterly dosing." The U.S. Food and Drug Administration recently accepted the New Drug Application submission for review for vutrisiran and has set an action date of April 14, 2022 under the Prescription Drug User Fee Act . Additionally, it was recently announced that based on discussions with the European Medicines Agency the Company now plans to file, ahead of schedule, a Marketing Authorization Application for vutrisiran based on 9-month results from the HELIOS-A study.
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EVLO | Hot Stocks07:08 EDT Evelo Biosciences appoints Iain McInnes to board of directors - Evelo Biosciences announced the appointment of Iain McInnes, M.B.Ch.B, Ph.D., to its Board of Directors. Professor McInnes is a leader in the fields of rheumatoid and psoriatic arthritis research, with extensive experience conducting research and leading clinical trials and research programs on an international scale. He currently serves as the Vice Principal and Head of College to the College of Medical, Veterinary and Life Sciences, Muirhead Professor of Medicine, and Honorary Consultant Rheumatologist at the University of Glasgow in Scotland.
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SRNG | Hot Stocks07:08 EDT Tantu, Ginkgo Bioworks announce partnership to accelerate research, development - Tantu and Ginkgo Bioworks announced a partnership to accelerate the research and development of Tantu's therapeutic genes. Ginkgo, which recently announced a business combination with Soaring Eagle Acquisition, serves customers across industries seeking to develop new products using biology. Tantu is working to create an orally administered, living biotherapeutic that will produce and apply anti-inflammatory therapeutic proteins directly into diseased sites in the gut, resulting in improved gut barrier function and faster mucosal healing in patients. "We are excited to partner with a pre-seed company like Tantu with the goal of reducing their time-to-market because we view it as an opportunity to invest in the biotech industry through the startups that are driving forward so much innovation," said Jason Kelly, CEO and co-founder of Ginkgo Bioworks. "Working with Tantu provides Ginkgo with the opportunity to leverage its expertise in pharmaceuticals to support the development of a potentially transformative therapeutic for the millions struggling with digestive disorders."
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ZYNE | Hot Stocks07:08 EDT Zynerba announces publication of results of Phase 2 BELIEVE open-label study - Zynerba Pharmaceuticals announced the publication of results from the Company's open-label Phase 2 BELIEVE study in the Journal of the American Medical Association Network Open. The article is titled "Safety and tolerability of transdermal cannabidiol gel in children with developmental and epileptic encephalopathies: A nonrandomized controlled trial". The article describes the positive results from BELIEVE, the first trial of a non-oral formulation of cannabidiol in children and adolescents with DEEs, and concludes that cannabidiol transdermal gel was safe, well tolerated, and was associated with reductions in focal impaired awareness seizures and tonic-clonic seizure frequency and disease burden. Forty-eight patients with a mean age of 10.5 years were enrolled in BELIEVE and included in the safety analysis. Sixty-percent had at least one treatment-related adverse event over the 6.5 month trial period and 96% of these AE's were mild or moderate. During the treatment period, 10 patients reported serious adverse events. Two SAEs were considered to be possibly treatment related: nonconvulsive status epilepticus and lower respiratory tract infection, in separate patients. All SAEs resolved, and none resulted in alteration of study medication. The authors indicated that the incidence of AEs in this study, particularly related to infections, was likely due to the high baseline rate of complex morbidities and seizure severity of these patients at study onset, and to the relatively long, 6.5 month duration of the trial over which events were collected. From an efficacy perspective, the analysis of the 33 patients with FIAS and TCS showed a 58% median monthly reduction in seizures at month 5, and 43.5% reduction over the 6.5 month study period. The percent of greater than or equal to50% responders in the FIAS and TCS group ranged from 42.4% at month 2 and peaked at 62.5% at month 5. Parents/caregivers noted improvements in social or interpersonal engagement and irritability; alertness, energy and sleep; and cognition or concentration.
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WMC | Hot Stocks07:07 EDT Western Asset Mortgage CEO Jennifer Murphy to resign, Jennifer Murphy to succeed - Western Asset Mortgage announced that Jennifer Murphy will resign from her positions as president, CEO and as a member of the board of directors of the company, effective October 1, to pursue a new venture. To replace her, the board of directors of the company has appointed Bonnie Wongtrakool as CEO, and Lisa Meyer as president of the company, effective October 1. Wongtrakool will also be appointed to the board. Meyer will continue to serve as CFO of the company. Both Wongtrakool and Meyer will work closely with Murphy, who will remain with the company as a senior advisor through December 31 to ensure a transition of leadership. Wongtrakool joined Western Asset in 2003 and has over 22 years of investment industry experience.
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EGLX | Hot Stocks07:05 EDT Enthusiast Gaming acquires Addicting Games for $34.4M - Enthusiast Gaming Holdings announced it has acquired Addicting Games for approximately $34.4M. The Acquisition delivers on Enthusiast Gaming's buy and build growth strategy and expands the Company's fan flywheel into casual gaming to own more monthly active users and viewers within the key Gen Z and Millennial demographics. Since the early 2000s, Addicting Games has helped to popularize casual gaming online, developing and distributing innovative games. Today, Addicting Games provides an extensive library of over 1,500 games to approximately ten million gamers monthly. Addicting Games' audience spends over 15 minutes per average visit playing on titles spanning action, sports, puzzles, and more. Addicting Games offers subscriptions and in-app purchases on many of its properties. Games, portals, and brands included in the Acquisition: Addicting Games; Shockwave; TypeRacer; ioGames Space; Little BIG Snake; Diep.io; EV.io; Mope.io; MathGames. Pursuant to the terms of a share purchase agreement dated September 3, 2021, the Company acquired 100% of the issued and outstanding shares of Addicting Games for total consideration of approximately US$34.4 million. The Purchase Price is comprised of: i) US$10 million in cash paid on closing; ii) US$12 million in stock on closing, settled through the issuance of 2,661,164 common shares of the Company; iii) deferred payments of US$7 million and US$3.8 million, payable on the first and second anniversaries of the closing date, respectively, which may be settled in cash or common shares at the option of the Company; and, iv) the assumption of a convertible debenture in Addicting Games held by the Company, dated April 10, 2019, of approximately US$1.6 million inclusive of principal and accrued interest to the closing date. The Debenture was due to mature in April 2022, was secured against the assets of Addicting Games, and carried interest at 2% per annum. The Closing Shares are subject to a statutory hold period and a contractual lock-up with 50% released twelve months following the closing date and 50% released twenty-four months following the closing date. Any common shares issued in connection with the Anniversary Payments will be subject to a contractual lock-up with 25% being released every three months after issuance. The SPA contains other customary terms including, but not limited to, adjustments to the Purchase Price for cash and working capital in Addicting Games at the time of closing.
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RPTX | Hot Stocks07:04 EDT Repare Therapeutics appoints Thomas Civik as chairman - Repare Therapeutics announced the appointment of Thomas Civik to its board of directors and as its chairman. He replaces Jerel Davis, managing director at Versant Ventures, who will remain a member of the company's board. Tom Civik most recently served as president and CEO of Five Prime Therapeutics until its acquisition by Amgen for $1.9B in April.
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RCKT | Hot Stocks07:03 EDT Rocket Pharmaceuticals names Isabel Carmon as chief human resources officer - Rocket Pharmaceuticals announces the appointment of Isabel Carmona, J.D., as chief human resources officer and senior vice president. Ms. Carmona brings more than 25 years of experience in human resources and organizational leadership including the last 15 years within the life sciences industry. Ms. Carmona will be responsible for all aspects of human resources, including talent acquisition, talent management and organizational development, and will serve as a key part of the leadership team. "I am delighted to welcome Isabel to Rocket and believe her rich experience leading organizational growth at life science companies will be a tremendous asset as we continue our exciting growth trajectory," said Gaurav Shah, M.D., chief executive officer of Rocket Pharma. "Her success in talent acquisition, talent management and organizational development at rapidly changing and expanding life science companies will be instrumental as we continue to add key capabilities and teams to support our long-term growth plans."
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IMNM | Hot Stocks07:02 EDT Immunome reports antibody cocktail demonstrates activity against COVID variants - Immunome announced that its three-antibody cocktail has demonstrated potent neutralizing activity against SARS-CoV-2 Lambda and Delta AY.1/2 variants, in pre-clinical testing conducted by Immunome on lentiviral-based pseudovirus. IMM-BCP-01 consists of three antibodies that bind to non-overlapping regions of the spike protein and show combinatorial activity against multiple strains of SARS-CoV-2.
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TK | Hot Stocks07:00 EDT Teekay Corp. announces Australian Government contract for marine services - Teekay Corporation announces that it has entered into a contract with the Australian Government Department of Defence to provide marine services for five Australian Government vessels for a firm period of six years, with options to extend for up to an additional 10 years. Under the contract, which is expected to commence in November 2021, Teekay will provide ship management services, including crewing and training, operating, engineering, maintenance, and supply support.
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ADAP | Hot Stocks07:00 EDT Adaptimmune trading halted, news dissemination
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CMAX | Hot Stocks06:58 EDT CareMax appoints Vincent Omachonu to board of directors - CareMax announced that Dr. Vincent Omachonu has been appointed as an independent member of the CareMax board of directors. Omachonu is a Professor and Chair of the Department of Industrial Engineering at the University of Miami and President of Vintex International.
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VFC | Hot Stocks06:56 EDT VF Corp. director Veronica Wu steps down - VF Corporation announced that Veronica Wu has informed VF of her decision to step down from the company's Board of Directors, effective immediately. Ms. Wu's decision to step down from the Board was not the result of any disagreement with VF on any matter relating to VF's operations, policies or practices. Wu was appointed to the VF Board of Directors in March of 2019. In connection with Wu's stepping down, the size of the VF Board will be reduced from 12 members to 11 members until a new director is identified.
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LSPD | Hot Stocks06:54 EDT FOBI completes integration with Lightspeed for POS data aggregation, analytics - Fobi AI is pleased to announce a data aggregation and analytics partnership with Lightspeed Commerce. Fobi integration with the Lightspeed commerce platform is now complete. Fobi App has now launched within the Lightspeed ecosystem and is available for download by Lightspeed customers. Fobi will be the "Featured Partner" for the month of October.
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PROBF | Hot Stocks06:53 EDT Probe Metals announces positive PEA for Val-d'OR East Project - Probe Metals is pleased to announce positive results from the independent Preliminary Economic Assessment for its 100% owned Val-d'Or East project located near Val-d'Or, Quebec. The PEA provides a base case assessment of developing the Val-d'Or East mineral resource by open pit and underground mining, and gold recovery with a standard free milling flowsheet, incorporating gravity and leaching of the gravity tails, with 50% estimated to be recovered via gravity. The economic model supports an operation with low capital cost and high rate of return over a 12.5-year mine life, with significant average annual production of 207,000 ounces. The PEA was prepared by Ausenco Engineering Canada in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The Val-d'Or East Project includes the properties on the Pascalis Gold Trend, the Monique Gold Trend, the Courvan Gold Trend and the Lapaska property, which are all 100% owned by Probe. The Project benefits from world-class mining infrastructure, expertise for underground and open-pit operations and highly qualified personnel. It can be easily reached by roads that are well maintained in all seasons. Several large-scale mining operations and gold mills are currently active in the area. Since 1930, approximately 30 million ounces of gold have been produced at Val-d'Or. Since 2016, Probe has been consolidating its land position in the highly prospective Val-d'Or East area in the province of Quebec. The Val-d'Or East Project is a district-scale land package comprising 436 square kilometres and represents one of the largest consolidated land holdings in the Val-d'Or mining camp. The current total resource stands at 1,800,900 ounces of gold in the Measured and Indicated category and 2,309,600 ounces of gold in the Inferred category. Ausenco was appointed as lead consultant in November of 2020 to prepare the PEA in accordance with NI 43-101, and was assisted by Moose Mountain Technical Services for the mine design. The economic analysis was performed assuming a 5% discount rate. On a pre-tax basis, the NPV5% is $991 million, the IRR is 47.2% and the payback period is 1.8 years. On an After-Tax basis, the NPV5% is $598 million, the IRR is 32.8% and the payback period is 2.7 years.
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LRTNF | Hot Stocks06:50 EDT Pure Gold Mining completes mill upgrades, achieves 1,000 tpd milestone - Pure Gold Mining is pleased to provide an update on recent production milestones achieved and upgrades completed in the month of August at the Company's high-grade PureGold Mine in Red Lake, Ontario. Highlights from the month of August include: Completed installation of all six CIP interstage screens and a trommel screen on the SAG mill in August, leading to a new single day record of 1,037 tonnes of ore1 on August 31, 30% higher than the current design capacity of 800 tpd; Mined high-grade stopes from both Main Ramp and the East Ramp areas for the first full calendar month in August leading to a new single day production record of 2,050 tonnes of ore brought to surface on August 17; Achieved average daily ore throughput of 703 tpd for the month of August inclusive of planned downtime to install interstage and trommel screens; Achieved average daily ore throughput of 870 tpd for the last week of August1; Mined average stope grade of 6.5 g/t Au for the month of August1; Processed average total mill feed grade of 5.6 g/t Au for the month of August; Poured 5,535 ounces of gold during the month of August, a new monthly record; Completed commissioning of the water treatment plant; and Achieved Main Ramp average daily advance rate of 5.6 metres/day. Major milestones anticipated for the remainder of 2021 include: Completion of mill pump upgrades in September which will further stabilize mill capacity at 1,000 tpd; Quarter-over-quarter increases in both head grade and ore throughput for the balance of 2021, driven by improving ore inventory and stope availability as a result of accelerated ramp and level development and increased definition drilling; Step-up of ore production rates to 1,000 tpd by the end of 2021; Continued progress on permit amendments to increase annual ore production limits from 292,000 tonnes to 360,000 tonnes; Mineral Resource update expected by the end of 2021; and Announcement of start date for initial underground drill program targeting 8 Zone.
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MRK | Hot Stocks06:49 EDT Merck's KEYTRUDA approved in China in combination with chemotherapy - Merck has been approved by the National Medical Products Administration in China in combination with platinum- and fluoropyrimidine-based chemotherapy for the first-line treatment of patients with locally advanced unresectable or metastatic carcinoma of the esophagus or gastroesophageal junction. This new indication was granted approval based on overall survival findings from the pivotal Phase 3 KEYNOTE-590 trial. KEYTRUDA is now approved for eight indications across five different types of cancer in China. In the global KEYNOTE-590 study, KEYTRUDA in combination with chemotherapy demonstrated statistically significant improvements in OS and progression-free survival compared with 5-FU and cisplatin alone. KEYTRUDA plus 5-FU and cisplatin reduced the risk of death by 27%. The median OS was 12.4 months for patients treated with KEYTRUDA plus 5-FU and cisplatin and 9.8 months for patients treated with 5-FU and cisplatin alone. KEYTRUDA plus 5-FU and cisplatin reduced the risk of disease progression or death by 35%. The median PFS was 6.3 months for patients treated with KEYTRUDA plus 5-FU and cisplatin and 5.8 months for patients treated with 5-FU and cisplatin alone in all randomized patients. The Chinese package insert notes that the safety of KEYTRUDA plus chemotherapy was investigated in 51 Chinese patients with esophageal carcinoma in KEYNOTE-590, and the safety profile of the Chinese patients was generally consistent with the known safety profiles of KEYTRUDA monotherapy and chemotherapy.
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KNTNF | Hot Stocks06:46 EDT K92 Mining announces ongoing diamond drilling results at Kora deposit - K92 Mining is pleased to announce results from the ongoing diamond drilling of the Kora deposit at the Kainantu gold mine in Papua New Guinea.The results continue to demonstrate the high-grade and continuity of Kora, with intersections largely focused on increasing drill density up-dip, down-dip, to the south and near surface to upgrade resources for the Stage 3 Expansion Feasibility Study. Results also include step out drilling to the south outside of the existing resource envelope. From the drilling results, all drill holes intersected mineralization, with 8 intersections exceeding 20 g/t AuEq, 24 intersections exceeding 10 g/t AuEq and 41 intersections exceeding 5 g/t AuEq. The results are highlighted by holes KMDD0383 recording multiple intersections including 6.45 m at 105.96 g/t Au, 11 g/t Ag and 0.60% Cu from the K1 Vein; KMDD0373 recording multiple intersections including 5.30 m at 93.18 g/t Au, 52 g/t Ag and 2.11% Cu from the K1 Vein and 17.76 m at 14.03 g/t Au, 11 g/t Ag and 0.16% Cu from the K2 Vein; and KMDD0389 recording multiple intersections including 5.83 m at 23.33 g/t Au, 10 g/t Ag and 0.43% Cu from the K1 Vein. KMDD0383, KMDD0373 and KMDD0389 extended a known high-grade area approximately 75 metres up-dip. Surface drilling delivered very strong results, including higher grades than nearby historic drilling in several areas. Highlights include: KMDD0015 recording 6.35 m at 60.25 g/t Au, 321 g/t Ag and 7.96% Cu from the K1 Vein, 6.10 m at 7.53 g/t Au, 78 g/t Ag and 3.87% Cu from the K2 Vein and 8.46 m at 57.46 g/t Au, 49 g/t Ag and 0.32% Cu from the K2 Hangingwall Vein. Also on the K2 Vein, KODD0010 recorded 9.80 m at 21.75 g/t Au, 12 g/t Ag and 0.38% Cu, KODD0012 recorded 10.90 m at 18.44 g/t Au, 17 g/t Ag and 0.40% Cu and KODD0007 recorded 10.60 m at 13.56 g/t Au, 26 g/t Ag and 0.39% Cu. Drilling to the south also continued to record high-grade intersections. Highlights include: KMDD0417 recording multiple intersections including 2.15 m at 7.73 g/t Au, 196 g/t Ag and 4.95% Cu from the K2 Vein, and located outside the current resource, KMDD0395 recorded multiple intersections including 6.06 m at 6.88 g/t Au, 65 g/t Ag and 4.50% Cu from the K2 Vein. Other high-grade intersections include: KMDD0316 recording multiple intersections including 9.40 m at 48.11 g/t Au, 5 g/t Ag and 0.37% Cu from the K1 Vein, approximately 50 metres up-dip, KMDD0318 recorded multiple intersections including 10.90 m at 15.71 g/t Au, 13 g/t Ag and 0.35% Cu from the K1 Vein. On the K2 Vein, KMDD0310 recorded multiple intersections including 2.50 m at 37.42 g/t Au, 72 g/t Ag and 7.09% Cu and KMDD0320 recorded multiple recorded intersections including 8.70 m at 18.88 g/t Au, 10 g/t Ag and 0.55% Cu.
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EGAN | Hot Stocks06:42 EDT eGain launches Knowledge Hub management solution - eGain announced the availability of eGain Knowledge Hub, the company's next-gen knowledge management solution. The company said, "Powered by AI reasoning, ML, Natural Language Processing, and analytics, eGain Knowledge Hub is a rich, one-stop knowledge management solution for the digital-first, remote-first era. Among the benefits are: Knowledge harmony created by centralizing 360 customer context, omnichannel content, profiled access, personalization, search methods, conversational guidance, and analytic insight into one platform; Assured customer service and agent confidence with the single right answer to customer questions; Consistency and process compliance at scale across touchpoints; Rich functionality out of the box for quick business value-say goodbye to multi-year development, customization, and integration projects with toolkits; Easy governance, insights, and optimization."
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ACN | Hot Stocks06:38 EDT Accenture to acquire King James Group, terms not disclosed - Accenture has entered into an agreement to acquire King James Group, a creative agency with deep expertise in brand strategy, creativity and digital marketing services. The move will strengthen Accenture Interactive's focus on putting creativity at the center of experience-led transformation to drive relevance and growth for its clients. As the first acquisition for Accenture in Africa, it demonstrates the company's continued investment in bringing best-in-class thinking, capabilities and innovation to its clients across the continent. King James Group's team of 300 highly skilled creative and brand experts will join Accenture Interactive in South Africa. Founded in 1998 with locations in Cape Town and Johannesburg, King James Group offers integrated communications solutions across several industries, including financial services, consumer goods, technology and media. King James Group has consistently been one of South Africa's most awarded agencies in industry and business rankings, along with countless creative accolades, including Cannes Lions, D&AD, One Show, Clios, Loerie Awards, PRISMS, Bookmarks and the Creative Circle. Completion of the acquisition is subject to customary closing conditions. Terms of the acquisition were not disclosed.
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TMQ | Hot Stocks06:38 EDT Trilogy Metals provides update on Upper Kobuk Mineral projects in Alaska - Trilogy Metals provided an update on the summer field activities currently being managed by Ambler Metals, the joint venture operating company equally owned by Trilogy and South32 at the Upper Kobuk Mineral Projects located in Northwestern Alaska. The exploration camp opened in May in preparation for the start-up of drilling in June at the Arctic Project. The drilling contractor deployed three diamond drill rigs in June to focus on a total of 7,600 meters of planned drilling at Arctic with most of the drilling targeting infill areas to improve the confidence of the Mineral Resources, and geotechnical and metallurgical drill holes to further de-risk the project. An additional 7,000 meters of exploration drilling was planned at targets near the Arctic deposit and elsewhere in the Ambler Mining District. Drilling productivity at the project is behind schedule due to adverse weather conditions in the district and challenges in fully staffing the exploration program. As a result, Ambler Metals is unlikely to achieve the drill meters planned at Arctic for this field season. Notwithstanding, the lower-than-expected drilling productivity, Ambler Metals has recovered sufficient mineralized material to complete the planned metallurgical program at Arctic. Also, all the planned geotechnical drilling was completed at the Arctic Project. The Company does not expect the shortfall in the drilling program to influence the permitting and development timeline of the Arctic Project. In consultation with joint-venture owners Trilogy and South32, Ambler Metals will keep the camp open longer than originally planned to complete as much of the regional drilling program as possible. Timing of camp closure this season will be weather dependent. In response to the slower drilling this season, Ambler Metals has also redeployed some of the geological staff at site to focus on regional mapping and soil sampling around satellite deposits near the Arctic Project and at the Bornite Project. Information gathered during this season will assist with future exploration activities including identifying drill targets for next year's field season.
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ARES... | Hot Stocks06:37 EDT Ares Management appoints four to further expand net lease activity - Ares Management Corporation announced that John Case, Ben Fox, Joel Tomlinson and Taejoon Chun have joined to expand Ares' presence and activity in net lease and related investment opportunities. These additions reflect Ares' view of the compelling investment opportunities in the $12T net lease market in the U.S. and Europe as well as the Company's continued commitment to enhance its capabilities across the platform. Ares' net lease team is a joint initiative between Ares' Alternative Credit strategy and its Real Estate Group, building on Ares' long history of sourcing and managing net lease assets across these platforms. Ares has significant experience in the asset class with more than $4 billion in net lease investments made in the last year. Messrs. Case, Fox, Tomlinson and Chun will be based in San Diego and will work collaboratively to leverage the insights across both Ares' Alternative Credit strategy and its Real Estate Group. In addition, the team will leverage the experience and relationships of Ares' Credit Group and Private Equity Group to help source compelling opportunities that draw on the competitive advantages of the entire Ares platform. The team will be responsible for advancing the net lease strategy, acquiring properties, developing innovative capital solutions and structuring investments. The team will also be a resource for managing Ares' existing portfolio of net lease assets. Case joins as a Partner and Senior Advisor and will work with the Company on a part-time basis. Prior to joining Ares, Mr. Case served as Chief Executive Officer and Director of Realty Income Corporation from 2013 to 2018. Fox joins as a Managing Director. Prior to joining Ares, Mr. Fox was Executive Vice President, Asset Management and Operations at Realty Income, Tomlinson joins as a Managing Director. Prior to joining Ares, Mr. Tomlinson was previously a Partner at Apollo Global Management, where he helped build and operate the Apollo Net Lease Capital Corporation. Chun joins as a Principal. Prior to joining Ares in 2021, Mr. Chun was Senior Vice President, Investments & Head of Asset Management at Realty Income.
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AVTR | Hot Stocks06:35 EDT Avantor to acquire Masterflex business of Antylia Scientific for $2.9B - Avantor announced that it has entered into a definitive agreement to acquire the Masterflex bioprocessing business and related assets of Antylia Scientific, a privately held, portfolio company of investment firms GTCR and Golden Gate Capital. The all-cash transaction is valued at $2.9B, subject to final adjustments at closing. Given anticipated tax benefits from the transaction structure, the net purchase price is approximately $2.7B. Headquartered in Vernon Hills, Illinois, Masterflex is a global manufacturer of peristaltic pumps and aseptic single-use fluid transfer technologies with estimated 2022 revenues of approximately $300M. The transaction is expected to enhance Avantor's revenue growth and margin profile and be accretive to adjusted EPS in year one post-acquisition. Avantor has a full debt financing commitment for the transaction, and retains the flexibility to alternately obtain debt or equity financing in the market in order to achieve its targeted capital structure. The transaction is expected to be completed in Q4 and is subject to customary closing conditions, including receipt of applicable regulatory approvals.
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AERI | Hot Stocks06:34 EDT Aerie Pharmaceuticals appoints Michael Bradley as senor director, manufacturing - Aerie Pharmaceuticals announced the appointment of Michael Bradley, Senior Director, Manufacturing, reporting to Site Director, Athlone. Mr. Bradley will be responsible for manufacturing and supply chain operations at Aerie's manufacturing facility in Athlone, Ireland. He most recently held related positions at Norbrook and Zoetis. In connection with his acceptance of the position as Senior Director, Manufacturing, Mr. Bradley will receive awards totaling 16,900 stock options that will vest over 4 years, with 25% vesting on the first anniversary of the hire date and the remainder vesting ratably on each of the subsequent 36 monthly anniversaries of the hire date. This award was made outside of Aerie's stockholder-approved equity incentive plan and was approved by the Company's independent directors as an inducement material to Mr. Bradley entering into employment with the Company in reliance on Nasdaq Listing Rule 5635(c)(4), which requires this public announcement.
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WATT | Hot Stocks06:34 EDT Energous, TAGnology partner for over-the-air wireless power solutions - Energous Corporation announced a partnership with TAGnology RFID. Under the arrangement, TAGnology will work as an industrial design house for Energous customers, helping to implement wireless power solutions, proofs of concept, and manage development projects. In addition, TAGnology delivers training and technical support in the region and will serve as a provider of Energous' wireless power solutions and developer kits in Europe through its ecommerce website and distribution channel.
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DOOR | Hot Stocks06:32 EDT Masonite appoints Chris Ball as president, global residental - Masonite International Corporation announced that Chris Ball has joined the company as President, Global Residential. He replaces James Hair, who submitted his resignation in August. Ball was most recently President - Americas for Cooper Tire & Rubber Company, where he led the North America, Latin America, and Global Commercial Truck business units.
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GORO | Hot Stocks06:32 EDT Gold Resource starts to bring back workers to Don David gold mine site - Gold Resource announced it has started to bring employees back to the Don David gold mine site over the past several days, each of whom were required to quarantine for three days and then tested for COVID-19. Of the 332 brought back, 329 tested negative for COVID-19 and were allowed to access the operations. The company is cautiously optimistic that the advice from its medical staff and an epidemiologist, to reduce the movement of people coming to the mine site from the local communities and the region, is meeting goals of minimizing the further spread of infection amongst our workforce and the local communities and lessening the extreme strain on our accommodations.
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RDN | Hot Stocks06:31 EDT Radian Group reports 2,592 new defaults in August - Reports ending primary default inventory 36,004. Radian Guaranty released monthly operating statistics related to the credit performance of its insured portfolio for the month of August 2021. The information includes total new primary defaults, which include defaults under forbearance programs in response to the COVID-19 pandemic, as well as cures, claims paid and rescissions/denials. The information regarding new defaults and cures is reported to Radian Guaranty from loan servicers. The company considers a loan to be in default for financial statement and internal tracking purposes upon receipt of notification by servicers that a borrower has missed two monthly payments. Default reporting, particularly on a monthly basis, may be affected by several factors, including the date on which the loan servicer's report is generated and transmitted to Radian Guaranty, the impact of updated information submitted by servicers and the timing of servicing transfers.
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PK | Hot Stocks06:30 EDT Park Hotels & Resorts reports liquidity of $1.8B as of August 31 - The company said, "Following the sale of the Le Meridien San Francisco, the Company has just $78 million outstanding on its sole remaining corporate term loan. As of August 31, 2021, Park had estimated liquidity of approximately $1.8 billion, including estimated cash and cash equivalents of $769 million and $1.075 billion of available capacity remaining under the Company's revolving credit facility."
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PK | Hot Stocks06:29 EDT Park Hotels & Resorts reports minimal damage at Hilton New Orleans Riverside - The company said, "The 1,622-room Hilton New Orleans Riverside hotel sustained minimal damage from Hurricane Ida and the category 4 storm's impact and effects on the region. Minor physical damage included limited water intrusion and cosmetic exterior damage. The hotel is now operating with permanent power and water supply, and is currently accommodating emergency first responders, displaced residents and hotel staff. With respect to Park's assets in the Northeast, there was no damage to any of its hotels in the New York or Boston metro areas as the remnants of Hurricane Ida moved across the region."
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PK | Hot Stocks06:28 EDT Park Hotels expects fundamentals to be softer than expected through October - The company said, "Despite witnessing exceptionally strong results in July and August, the Company now anticipates fundamentals to be softer than expected through at least October as the spread of the Delta variant has tempered demand. Markets meaningfully impacted include Hawaii, San Francisco and Orlando with most of the attrition related to group cancellations. Despite the near-term weakness, however, demand trends for November and December remain steady, as group bookings and leisure demand continue to hold."
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STT | Hot Stocks06:27 EDT State Street to acquire Brown Brothers Harriman Investor Services for $3.5B - State Street Corporation and Brown Brothers Harriman & Co. (announced that they have entered into a definitive agreement for State Street to acquire BBH's Investor Services business, including its custody, accounting, fund administration, global markets and technology services, for $3.5B in cash. Following the transaction, BBH will continue to independently own and operate its separate Private Banking and Investment Management businesses. The parties are targeting year-end 2021 to complete the acquisition, subject to regulatory approvals and customary closing conditions. BBH Investor Services is a global asset servicer with a track record of exceptional client service and deep expertise in cross-border, alternatives, ETFs, and other high-growth asset classes. As of June 30, 2021, BBH Investor Services had $5.4 trillion in Assets Under Custody, adding to State Street's $31.9 trillion in AUC. The acquisition is expected to advance State Street's strategy as an enterprise outsource solutions provider by creating the number one asset servicer globally, strengthening competitive positioning, expanding geographic coverage and enhancing client experience. Upon closing of the transaction, BBH Investor Services employees will move to State Street. The senior management team will transition to State Street in executive leadership roles, and Sean Pairceir, currently partner and Global Head of Investor Services at BBH, will join State Street's Management Committee. The acquisition creates meaningful shareholder value by increasing State Street's earnings growth potential and its pre-tax margin medium-term target. As a result of the anticipated earnings growth from this transaction, State Street is now targeting an increased pre-tax margin of 31%. Post close, the transaction provides the potential for significant benefits for State Street shareholders from estimated fully-phased in expense synergies5 of $260 million in year 3 as a result of efficiencies in operational systems and infrastructure, as well as overhead consolidation. Additionally, State Street has identified an estimated $35 million of EBIT from known balance sheet actions and $40 million of EBIT from estimated net revenue synergies5 in Investment Servicing and Global Markets in year. State Street expects the transaction will be primarily financed through the issuance of common equity, the suspension of common share repurchases before resuming during 2Q22, and cash on hand. The acquisition is expected to be accretive to earnings per share in year 1. The addition of BBH Investor Services will further State Street's strategic goal of expanding and deepening its presence in key non-US markets, including developed markets such as Japan, Luxembourg, and Ireland, as well as Latin America, which State Street has targeted for growth. The transaction will also add additional depth to State Street's expertise in relationship management, client service, operations and technology that can be integrated across all of State Street's global client segments.
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STT | Hot Stocks06:26 EDT State Street to acquire Brown Brothers Harriman Investor Services for $3.5B
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PK | Hot Stocks06:25 EDT Park Hotels & Resorts completes sale of Le Meridien San Francisco - Park Hotels & Resorts announced that it completed the previously announced sale of the Le Meridien San Francisco. The Company also provided an operational and liquidity update. Recent Highlights: Closed on the sale of the 360-room Le Meridien San Francisco on August 31, 2021, for total proceeds of $221.5 million, or approximately $615,000 per key. When adjusted for Park's anticipated capital expenditure, the sale price represents a 5.9% capitalization rate on 2019 net operating income or 15.0x 2019 EBITDA. Proceeds from the sale were used to repay Park's sole remaining term loan, leaving just $78 million outstanding; Pro-forma occupancy preliminarily estimated to be 49.9% in August 2021 for Park's 48 consolidated hotels, with a decrease in rate and RevPAR of 5.8% and 45.0%, respectively, when compared to the same period in 2019; Pro-forma occupancy preliminarily estimated to be 56.4% for Park's 45 consolidated hotels open during the entirety of August, with a decrease in rate and RevPAR of just 3.8% and 35.6%, respectively, when compared to the same period in 2019; Generated Pro-forma Hotel Revenues of $157 million and positive Pro-forma Hotel Adjusted EBITDA of $44 million in July 2021, with 36 of its 45 consolidated hotels that were open during July 2021 generating positive Pro-forma Hotel Adjusted EBITDA and Despite witnessing exceptionally strong results during the summer, the Company now anticipates fundamentals to be weaker than expected through at least October as the spread of the Delta variant has tempered group and business transient demand across its portfolio. "I am pleased to announce that our previously disclosed sale of the Le Meridien San Francisco is completed. Proceeds from the sale have been used to reduce debt and further strengthen our balance sheet. With nearly $1.8 billion in liquidity, Park is well positioned to pursue internal and external growth strategies as we enter the post COVID cycle," said Thomas J. Baltimore, Jr., Chairman and CEO of Park. "On the operations side, I am very pleased with the positive momentum in demand that we saw in July and August in several of our markets. Our portfolio witnessed very strong growth in occupancy and ADR in July, and demand trends continued into August, with two of our hotels surpassing August 2019 occupancy rates and 17 of our hotels surpassing August 2019 average daily rates. As expected, demand trends moderated somewhat in August based on seasonal declines in leisure travel as well as some disruption from the Delta variant. As case counts remain elevated, and some office reopenings are delayed, we expect business demand to remain choppy in the near term; however, we remain confident in the overall trajectory of the recovery, particularly as we look to strong fundamentals for 2022."
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FAT | Hot Stocks06:22 EDT Fat Brands enters new 200+ development deal with Kitopi in the Middle East - FAT Brands is growing its footprint in the Middle East with 136 brick-and-mortar restaurant locations across five countries. In partnership with Kitopi, the master franchisee for this deal, six FAT Brands concepts will be opening over the next five years, including Fatburger, Johnny Rockets, Buffalo's Cafe, Great American Cookies, Elevation Burger, and Yalla Mediterranean. United Arab Emirates, Kingdom of Saudi Arabia, Bahrain, Qatar, and Kuwait are the locales of the FAT Brands expansion. While the 136 brick-and-mortar stores will open over the next five years, the FAT Brands concepts will become available within the next year through Kitopi's existing footprint of more than 70 managed cloud kitchens, otherwise referred to as ghost kitchens throughout the region. The Middle East has proven to be fruitful for FAT Brands, with their brands steadily opening new stores across various countries for over a decade.
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GOLD... | Hot Stocks06:21 EDT Nevada Gold to consolidate South Arturo in Lone Tree, Buffalo Mountain exchange - Nevada Gold Mines has entered into a definitive asset exchange agreement to acquire from i-80 Gold Corp. (IAUCF) the 40% interest in the South Arturo Joint Venture that NGM does not already own as well as a low-cost option to acquire the adjacent Rodeo Creek exploration property, in exchange for the Lone Tree and Buffalo Mountain properties and infrastructure which are currently in care and maintenance. The exchange transaction will have an effective date of June 1, 2021. The transaction provides NGM with a number of key benefits: Allows NGM to consolidate production from the South Arturo open pit and the El Nino underground in the short term and capture 100% of the longer-term upside on both orebodies; Provides NGM with flexibility to pursue other potential operational synergies at Goldstrike; Provides NGM with a low-cost option to acquire 100% of the Rodeo Creek property comprised of exploration ground adjacent to South Arturo; Removes NGM's Lone Tree closure liability with i-80 Gold providing replacement bonding for reclamation obligations as a condition to closing; Allows NGM to share in any future production at Lone Tree through a contingent payment of up to $50 million. The Exchange Agreement provides for payment to NGM of contingent consideration of up to $50 million based on mineral resources from the Lone Tree property. In connection with the asset exchange, NGM will also enter into toll-milling agreements providing i-80 Gold with interim processing capacity at NGM's autoclave facilities until the earlier of the three-year anniversary of the asset exchange and the date on which the Lone Tree facility is operational and at NGM's roaster facilities for a 10-year period. NGM has also agreed to reimburse i-80 Gold an amount of approximately $7.3 million for certain funding previously advanced by i-80 Gold in respect of South Arturo. Conditional on the closing of the Exchange Agreement, NGM will subscribe for common shares in i-80 Gold, equal to the lesser of a 9.9% interest or subscription proceeds of $50 million, becoming one of i-80's largest shareholders. As a condition to closing of the Exchange Agreement, i-80 Gold will assume the environmental liabilities for the Lone Tree and Buffalo Mountain properties and will be responsible for securing replacement closure bonding and a release of NGM's existing bonds. Similarly, NGM will assume the environmental liabilities and bonding obligations for South Arturo and Rodeo Creek. Closing of the transactions contemplated by the Exchange Agreement is subject to the satisfaction of a number of conditions precedent, including clearance under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended, arrangement by i-80 Gold of substitute sureties in respect of the Lone Tree and Buffalo Mountain reclamation obligations, and the approval of the Toronto Stock Exchange, among other customary conditions to closing. Nevada Gold Mines is operated by Barrick Gold Corporation (GOLD) and is a joint venture between Barrick and Newmont (NEM).
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NTRA | Hot Stocks06:18 EDT Natera enters MRD agreement with NRG Oncology - Natera announced an agreement with NRG Oncology, a National Cancer Institute, or NCI-funded group, to use the Signatera personalized molecular residual disease, or MRD, test in NRG-GI008: Colon Adjuvant Chemotherapy based on Evaluation of Residual Disease, a prospective, multi-center, randomized clinical trial to investigate MRD-guided treatment strategies for patients with early stage colon cancer. The study will enroll approximately 2,000 patients with stage II or III colon cancer after resection. Patients identified as MRD-negative by Signatera will be randomized to receive either standard-of-care, or SOC, adjuvant chemotherapy or observation unless circulating tumor DNA, or ctDNA, is subsequently detected during surveillance. Patients identified as MRD-positive will be randomized to receive SOC chemotherapy or an intensified regimen with mFOLFIRINOX. The study's primary endpoint is to compare disease-free survival in MRD-negative patients between immediate vs. delayed adjuvant chemotherapy, and MRD-positive patients between SOC vs. intensified adjuvant chemotherapy. The CIRCULATE-US study is part of an international collaboration announced at the ESMO 2019 conference to tailor adjuvant chemotherapy using emerging ctDNA technologies.
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CXP | Hot Stocks06:17 EDT Columbia Property to be acquired by funds managed by PIMCO in $3.9B deal - Columbia Property Trust announced that it has entered into a definitive agreement to be acquired by funds managed by Pacific Investment Management Company, one of the world's premier global investment management firms, for $3.9 billion including Columbia's proportionate share of consolidated and unconsolidated debt. Under the terms of the agreement, which has been unanimously approved by Columbia's Board of Directors, PIMCO will acquire all of the outstanding shares of Columbia common stock for $19.30 per share in cash. This represents a premium of approximately 27% over Columbia's unaffected closing share price on Friday, March 12, 2021. During this time period the high barrier office sector has traded down 5%. This transaction with PIMCO is the culmination of a comprehensive strategic review process undertaken by Columbia's Board of Directors which was publicly announced in the spring of this year. As part of this process, Columbia's Board and advisors invited nearly 90 potential counterparties to participate, including strategic acquirers, private equity firms and other investment management firms. The transaction is expected to close as early as year-end, subject to approval by Columbia's shareholders and the satisfaction of other customary closing conditions. Upon completion of the transaction, Columbia's common stock will no longer be listed on the New York Stock Exchange. Columbia shareholders will be entitled to receive the previously announced third quarter dividend of $0.21 per share payable on September 15, 2021. Thereafter, Columbia will not pay additional quarterly dividends during the pendency of the transaction. Due to the pending acquisition, Columbia will not be holding a conference call for its third quarter 2021 business results after it releases earnings information.
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CXP | Hot Stocks06:16 EDT Columbia Property to be acquired by funds managed by PIMCO in $3.9B deal
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NBEV | Hot Stocks06:15 EDT NewAge, Kwikclick sign exclusive agreement for affiliate marketing platform - NewAge announced that it has entered into an exclusive agreement with the social selling technology firm, Kwikclick, to launch the latest affiliate marketing platform and to collaborate on transforming the traditional influencer and social selling influencer model. Kwikclick is an affiliate marketing platform, curated marketplace, ande e-commerce technology that allows influencers to share in the revenues and profits of a brand vs. the traditional influencer model of pay per click or post. Kwikclick transforms buyers of traditional retail products and household brand names into influencers and social sellers to earn income from their recommendations through an easy-to-use, intuitive sales platform. NewAge has signed an exclusive agreement with Kwikclick to bring the new platform to market and to make it available to all of their Brand Partner influencers across their existing 75 country base. NewAge's Brand Partners will attract additional consumers into their businesses, expand their product portfolios with household brand names, and add to their online retailing income.
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UTHR | Hot Stocks06:13 EDT United Therapeutics presents new Tyvaso DPI data at ERS - United Therapeutics presented new clinical data from the BREEZE study evaluating Tyvaso DPI in patients with pulmonary arterial hypertension, or PAH, at the European Respiratory Society, or ERS, International Congress. Top line data showing the BREEZE study met its primary objective were released in January. Secondary objectives of the study included changes in six-minute walk distance, or 6MWD, device preference and satisfaction as evaluated through the Preference Questionnaire for Inhaled Treprostinil Devices, or PQ-ITD, and patient reported PAH symptoms and impact, or PAH-SYMPACT. Three weeks after switching from Tyvaso to Tyvaso DPI, patients in the BREEZE study demonstrated: significant improvements in 6MWD compared to baseline. improvements of 11.5 meters in 6MWD compared to baseline were observed through the three-week treatment phase. Significant improvements in overall satisfaction with the Tyvaso DPI inhaler. Using the PQ-ITD, significant improvements were observed in overall satisfaction with the Tyvaso DPI inhaler. Significant improvements in PAH Impact. The SYMPACT questionnaire includes domains on physical impacts, cognitive/emotional impacts, cardiopulmonary symptoms, and cardiovascular symptoms. Significant improvements in PAH impacts were observed in physical impacts and cognitive/emotional impacts at week three. Subjects in BREEZE were given the opportunity to continue in an optional extension phase, or OEP. All subjects who completed the treatment phase elected to continue in the OEP. Improvements in 6MWD compared to baseline were sustained in the OEP through the data cut-off date.
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ASTI | Hot Stocks06:12 EDT Ascent Solar receives $5M in first tranche of BD 1 funding - Ascent Solar Technologies is pleased to announce that the Company has received $5M from BD 1 Investment Holding, the largest stakeholder of Ascent Solar, as the first tranche of a $10M funding commitment pursuant to the securities purchase agreement dated August 2nd, 2021. As previously announced, the Company entered into the SPA with BD 1 to sell 666.67 million shares of Common Stock of the Company, at the prevailing market price of $0.015 per share, in exchange for a $10M funding commitment. Management indicated that the $10M funding from BD 1 would be delivered in two tranches of $5M each, whereby the Shares issued would likewise be made in two equal corresponding issuances of 333.33 million shares per tranche of funding. Management anticipates the second tranche of $5M to be funded by BD 1 on or before October 31st, 2021. Management indicated that this tranche of capital should enable Ascent Solar to concentrate primarily on capacity ramp-up, technological improvements and a sales development strategy.
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DLB | Hot Stocks06:10 EDT Dolby collaborates with Cinemo for Dolby Atmos music experience in cars - Dolby Laboratories and Cinemo announced a collaboration aimed at accelerating the integration of Dolby Atmos, into vehicles. Announced at IAA Mobility during Dolby's panel on how the immersive sound technology is set to drive a revolution for in car entertainment, the collaboration also means that Cinemo has become the very first middleware licensee globally of the Dolby Car Experience. By working with Cinemo, car makers will be able to access immersive audio, enabling automotive companies to provide a seamless, Dolby Atmos Music listening experience to vehicle owners.
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VLTA SIX | Hot Stocks06:08 EDT Volta partners with Six Flags for electric vehicle charging - Volta Inc. (VLTA) is partnering with Six Flags Entertainment Corporation (SIX) to make EV charging accessible to its guests at their parks across the United States. Six Flags' strategy centers around modernizing the guest experience through technology. Installing EV charging stations is the latest step towards the company's vision to be the preferred regional destination for entertainment and its commitment to environmental sustainability. At the forefront of innovation in the industry, Six Flags is the first theme park company to have Volta charging stations available to its guests. The first charging stations will be installed at Six Flags America, just outside of Washington, D.C., with more parks to follow.
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MTDR | Hot Stocks06:07 EDT Matador announces upgrades to credit rating, senior unsecured nots - Matador Resources Company announced recent upgrades by Moody's Investors Service to the Company's corporate credit rating and senior unsecured notes. On September 1, 2021, Moody's upgraded Matador's Corporate Family Rating from B2 to B1 and upgraded Matador's senior unsecured notes from B3 to B2. Moody's also upgraded Matador's Speculative Grade Liquidity rating from SGL-3 to SGL-2 to reflect good liquidity.
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RNXT | Hot Stocks06:07 EDT RenovoRx receives new 510 clearance for RenovoCath Delivery System from FDA - RenovoRx announced it has received a new 510 clearance from the FDA for its proprietary RenovoCath Delivery System. The RenovoCath Delivery System is the device component of the company's initial product, RenovoGem. This drug/device combination used in RenovoRx's Trans-Arterial Micro-Perfusion therapy platform is a dual-balloon infusion catheter delivering chemotherapy directly to tumors via arteries. This new design provides more targeted delivery of therapy which the company believes can translate into more effective treatment with fewer side effects. RenovoRx received its initial 510(k) for the RenovoCath delivery system in 2014.
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DCRN CI | Hot Stocks06:06 EDT Tritium annnounces A$40M private placement financing by Cigna Investments - Tritium Holdings announced a A$40M private placement by Cigna Investments, the investment arm of Cigna Corporation (CI). Tritium intends to use the proceeds from the private placement to continue scaling its global operations, including production, sales and administrative support, during its ongoing business combination with Decarbonization Plus Acquisition Corporation II (DCRN), which was announced on May 26, 2021, in an effort to satisfy Tritium's existing order backlog from its customers. This is the second private placement financing by Cigna, following a June 2020 private placement of A$45M.
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LNVGY VMW | Hot Stocks06:04 EDT Lenovo's ISG announces VMware software solution running on ThinkSystem Servers - Lenovo (LNVGY) Infrastructure Solutions Group announced it will be the first-to-market with VMware's software solution for the edge running on the resilient ThinkSystem SE350 Edge Servers. The new solution will be delivered directly to customer edge sites with the VMware (VMW) software solution pre-loaded on a pair of ruggedized and security enhanced ThinkSystem SE350. In addition, Lenovo also announced the enhancement of Lenovo Open Cloud Automation management software to automate the planning, deployment and ongoing management of datacenter cloud deployments all the way to edge sites. Organizations can now plan their data center cloud and edge infrastructure solutions using the same management software. Hybrid work is the next reality, accelerating the need for edge to cloud solutions and Lenovo is working to build smarter infrastructure solutions so customers can successfully navigate this hybrid workplace.
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MRVI | Hot Stocks06:01 EDT Thompson Street Capital Partners acquires Vector Laboratories - Thompson Street Capital Partners announced it has acquired Vector Laboratories, the Protein Detection business unit of Maravai. Vector Laboratories is a manufacturer of labeling and visual detection reagents for life science researchers doing tissue-based protein detection and characterization. The acquisition of Vector adds to TSCP's experience in life sciences. Vector Laboratories provides consumable reagents used in slide staining and imaging workflows within life science research, allowing scientists to better locate and identify certain proteins within a tissue sample. Vector's primary end markets are academic research labs and corporations, provided either directly to customers or via distributors and resellers.
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JD | Hot Stocks05:59 EDT JD.com names Lei Xu as president; Lijun Xin named CEO of JD Retail - JD.com announced the appointment of Lei Xu as President of JD.com, Lijun Xin as CEO of JD Retail and Enlin Jin as CEO of JD Health International, effective immediately. Richard Qiangdong Liu, Chairman and CEO of JD.com, will devote more time to formulating the company's long-term strategies, mentoring younger management, and contributing to the revitalization of rural areas, the company said in a statement. In his new role, Lei Xu will be leading the day-to-day operation and collaborative development of various business units of JD.com, and continue to report to CEO of the company. Xu has been with the Company since 2009 and was previously CEO of JD Retail, responsible for the development, operation and strategy of JD.com's retail business. "JD has a sound management structure with a large number of excellent business leaders, who, represented by Mr. Lei Xu, have strong belief in JD's long-term business philosophy, proven leadership capability and extensive industry experience," said Richard Liu, Chairman and CEO of JD.com. "Looking to the future, the correct long-term strategic design, the growth and development of young talents, and the healthy and coordinated development of various business units will continue to be the driving force for JD in doing the hardest and most challenging, but right and most valuable things for the industry."
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GENI CZR | Hot Stocks05:59 EDT Genius Sports enters multi-year sports data partnership with Caesars - Genius Sports (GENI) announced a new strategic relationship with Caesars (CZR). Caesars' portfolio of casinos, sportsbooks and wagering entities will have access to Genius Sports' entire official sports data content offering, including customer acquisition tools, and fan engagement solutions. Genius Sports data feeds will support the Caesars trading and sportsbook platform by providing access to official NFL products, including official live sports data feeds. In addition, Genius Sports will become a programmatic advertising partner to Caesars Entertainment and supply its latest marketing technology to drive customer acquisition, engagement and retention for Caesars' digital sportsbook and casino products. In April, Caesars Entertainment was selected as one of the NFL's official sports betting partners. As an extension of that partnership, Caesars and Genius Sports now have entered into a deal to further Caesars' official NFL-backed sportsbook offerings, by leveraging NFL official data, Next Gen Stats. Alongside NFL content exclusive to Genius Sports, Caesars Entertainment will gain access to official data-powered in-play content for other U.S. and global sports, including NASCAR, English Premier League, Argentinian and Colombian soccer, as well as Liga MX.
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EXEL | Hot Stocks05:39 EDT Exelixis announces passing of Chief Medical Officer Gisela Schwab - Exelixis announced that Gisela Schwab, the company's President, Product Development and Medical Affairs and Chief Medical Officer, passed away over the weekend. Schwab had been on a medical leave of absence since June 18.
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GOL | Hot Stocks05:27 EDT Gol Linhas announces preliminary traffic figures for August - Gol Linhas announced preliminary air traffic figures for the month of August, compared to the same period in 2020. In the domestic market, demand for Gol's flights increased 85% and supply increased by 83%. Gol's domestic load factor was 80.2% in August, a 0.8 percentage point increase in comparison to August 2020. Gol transported 1.5M passengers during the month, a 87% increase over August 2020. Gol reduced its operations in the last 10 days of the month in order to migrate its passenger service system to Sabre Systems. Gol did not operate regular international flights during the month.
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LHX | Hot Stocks05:24 EDT L3Harris Technologies affiliate sells L3 ESSCO to CPI, terms undisclosed - Communications & Power Industries, or CPI, has entered into a definitive agreement to acquire L3 ESSCO from an affiliate of L3Harris Technologies. ESSCO is a manufacturer of metal space frame ground radomes that support a variety of applications, including air defense, weather radar, air traffic control, and satellite telemetry and tracking. ESSCO also designs and manufactures specialty radomes and composite structures. The acquisition is expected to close before the end of the calendar year 2021, subject to customary closing conditions. Financial terms of the agreement were not disclosed.
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RHHBY | Hot Stocks05:22 EDT NeuExcell Therapeutics, Spark Therapeutics enter gene therapy collaboration - NeuExcell Therapeutics and Spark Therapeutics, a member of Roche, announced a gene therapy collaboration aimed at developing a safe and effective treatment for patients suffering from Huntington's Disease, or HD. Under the terms of the agreement, Spark Therapeutics will receive access to NeuExcell's proprietary neuro-regenerative gene therapy platform and capabilities. NeuExcell's research team will collaborate closely with Spark Therapeutics to advance the program. Under the option license NeuExcell is eligible to receive upfront, license fees, R&D and Sales milestone payments up to approximately $190M plus product royalties. Under this agreement, Spark Therapeutics has the option to license the exclusive worldwide rights of the NeuExcell's HD program.
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VEON | Hot Stocks05:19 EDT Veon increases investment in ShopUp - Veon has increased its investment in ShopUp, Bangladesh's full-stack B2B commerce platform. The investment has been made by the Group's Veon Ventures division alongside Peter Thiel's Valar Ventures, Prosus Ventures, Flourish Ventures and Sequoia Capital India, as part of ShopUp's Series B investment round. ShopUp has raised 75M through this investment round, which was led by Valar Ventures. It follows the company's Series A in October 2020, in which Veon participated as ShopUp's first strategic corporate investor. The proceeds will be used to build infrastructure, expand categories and launch new financial products to help meet the needs of underserved small retailers in Bangladesh. ShopUp's oversubscribed investment round is the largest Series B for a B2B commerce platform in South Asia. The round brings ShopUp's total funding to over $110M. Over the past 12 months, ShopUp has grown its revenues by over 13 times and has seen an 11-fold increase in the number of total shipments enabled by its platform.
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NOK | Hot Stocks05:15 EDT Nokia, Infradata deploy interconnect solution for NorthC Datacenters - Nokia and Infradata announced an integrated IP/optical data center interconnect solution for NorthC Datacenters, the largest regional data center provider in the Netherlands. The solution creates a single virtual data center that connects 10 NorthC data centers. The high-speed Region Connect Ring enables NorthC to offer its customers data center interconnection and cloud connectivity. Nokia's integrated IP/optical solution combines 7750 Service Routers with 1830 Photonic Service Switches and network automation. The solution enables NorthC to improve its customers' data center connectivity speed and reliability by offering Layer 2 IP/MPLS interconnection services between its data centers to meet their bandwidth, latency, and performance needs.
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GB | Hot Stocks05:10 EDT Global Blue acquires 56% of Yocuda - Global Blue has announced the acquisition of 56% of Yocuda, a digital receipt provider. The investment was facilitated by Global Blue Ventures. Global Blue has increased its investment in Yocuda via a capital increase and a purchase of shares, taking its total stake to 56%. Since being founded in the UK in 2011, it has processed over 1.3B electronic receipts for over 117M unique customers and 42M repeat customers. Yocuda joins Global Blue's network of RetailTech partners to support its omnichannel expansion. The stake in Yocuda was facilitated by Global Blue Ventures, the new entity created by Global Blue focused on investment in or partnership with third parties that offer RetailTech innovations. Global Blue becomes the majority owner of Yocuda, with a stake of 56%. Global Blue has increased its share in Yocuda to 56.3%, making it the majority shareholder. This comprised an initial stake acquired in October 2019, followed by a further investment and a capital raise in September.
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ACN | Hot Stocks05:06 EDT Accenture announces intent to acquire Benext, terms undisclosed - Accenture has announced its intent to acquire Benext, an independent product consulting company specializing in product management, agile coaching, cloud-based development and data science. Financial terms of the transaction are not being disclosed. Founded in 2014 and based in France, Benext is a full-stack, product consulting company experienced in helping clients design, organize, deploy, and manage their digital products. The company's approximately 160 professionals would join Octo Technology, already a part of Accenture since 2017. Octo Technology is a technology consultancy specializing in digital transformation and software development. The Octo team is primarily located in France and also operates across Belgium, the Netherlands and Luxembourg.
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YI | Hot Stocks05:02 EDT 111, Inc. announces $10M share repurchase program - 111, Inc. announced that its board of directors has authorized a share repurchase program under which the company may repurchase up to $10M of its Class A ordinary shares in the form of American depositary shares in the next twelve months.
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TMUS... | Hot Stocks04:55 EDT SoftBank enters partnership, equity swap agreement with Deutsche Telekom - SoftBank Group (SFTBY) announced that it has entered into a strategic partnership and equity share swap agreement with Deutsche Telekom (DTEGY). Under the strategic partnership between the two companies, SoftBank's more than 300 portfolio companies gain access to an additional, approximately 240M DT customers across Europe and the U.S., providing these portfolio companies the ability to scale quickly and at a low cost." Under the equity share swap agreement, DT will exercise a portion of its call options that were granted by SoftBank in connection with their June 2020 agreement. DT will acquire approximately 45M T-Mobile US (TMUS) shares from SoftBank in exchange for issuing 225M new DT shares to SoftBank from its authorized capital. In a subsequent step, DT envisages exercising call options to acquire another approximately 20M TMUS shares from SoftBank by re-investing $2.4B of expected disposal proceeds from the announced sale of T-Mobile Netherlands. As a result of these transactions - the equity share swap and the re-investment of proceeds - SoftBank will become a 4.5% shareholder in DT and retain a 3.3% equity stake in T-Mobile US, which could increase to 6.9% through True-Up Shares, if T-Mobile US stock price were to hit certain milestones. "The transaction is financially compelling. SoftBank is exchanging TMUS shares underlying primarily fixed price options with no upside, for stock in DT, which SoftBank believes has significant long-term upside beyond the agreed reference price of EUR 20. SoftBank will become the second largest private shareholder with intended board representation. In addition, SoftBank retains meaningful exposure to TMUS through shares underlying primarily floating options and, potentially, True-up Shares2. SoftBank expects significant ongoing equity value creation at TMUS as it maintains 5G leadership and unlocks merger synergies," the company in a statement."
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TMUS DTEGY | Hot Stocks04:51 EDT Tele2, Deutsche Telekom sell T-Mobile Netherlands to funds for EUR 5.1B - Tele2 and Deutsche Telekom (DTEGY) have agreed to sell T-Mobile Netherlands to funds advised by Apax Partners and Warburg Pincus for an enterprise value of EUR 5.1B. The transaction "provides an opportunity for Tele2 to realize value from the successful development in T-Mobile Netherlands and to conclude Tele2's international consolidation," the companies said in a statement. The Tele2 board intends to propose an extraordinary dividend of at least SEK 11 per share, pending closing of the transaction and the receival of cash proceeds. The transaction is subject to customary closing conditions. Tele2 and Deutsche Telekom have entered into an agreement to sell their shares, 25% and 75% respectively, in T-Mobile Netherlands.
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