Stockwinners Market Radar for September 14, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
CAT RIO | Hot Stocks19:01 EDT Rio Tinto, Caterpillar partner over zero-emissions autonomous trucks - Rio Tinto (RIO) and Caterpillar (CAT) have signed a Memorandum of Understanding for Caterpillar's development of zero-emissions autonomous haul trucks for use at one of Rio Tinto's Western Australian mining operations. The collaboration will see Rio Tinto work with Caterpillar to advance the development of the manufacturer's future 220-tonne 793 zero-emissions autonomous haul truck including the validation of Caterpillar's emerging zero-emissions technology. Rio Tinto and Caterpillar will progress a series of development milestones to include a 793 prototype pilot program, testing and pre-production trials. It is anticipated that the world's first operational deployment of approximately 35 new Caterpillar 793 zero-emissions autonomous haul trucks will be at Gudai-Darri once development is complete.
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MSFT | Hot Stocks18:40 EDT Microsoft board approves new share buyback of up to $60B in shares - Microsoft's board of directors approved a new share repurchase program authorizing up to $60B in share repurchases. The new share repurchase program, which has no expiration date, may be terminated at any time. The board of directors approved the appointment of Brad Smith as president and vice chair of Microsoft. "This reflects the unique leadership role that Brad plays for the company, our board of directors and me, with governments and other external stakeholders around the world," said Satya Nadella, chairman and chief executive officer of Microsoft. This is an updated executive role for Mr. Smith who will continue to report to Mr. Nadella.
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MSFT | Hot Stocks18:39 EDT Microsoft raises quarterly dividend 11% to 62c per share - Microsoft announced that its board of directors declared a quarterly dividend of 62c per share, reflecting a 6c or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 9, 2021, to shareholders of record on Nov. 18, 2021. The ex-dividend date will be Nov. 17, 2021.
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PANW | Hot Stocks18:28 EDT Palo Alto Networks CEO: Huge awareness of need for cybersecurity - In an interview on CNBC's Mad Money, Nikesh Arora said Palo Alto has seen an acceleration of digital technology. It's building its network around cloud security. There's a huge tailwind in terms of the awareness of cybersecurity, he noted. "Security needs to be instantaneous. It needs to be right now," he said. Homes are much easier to hack than enterprises and need to be protected. Okyo Garde, a new product designed for work at home employees, fills that need, Arora said.
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UBSFY | Hot Stocks18:18 EDT Ubisoft delays 'Rocksmith+' release to 2022 - Ubisoft said that its upcoming video game "Rocksmith+," a virtual guitar learning service, will be delayed until 2022. "We will use this opportunity to incorporate user feedback from our Closed Beta," the company said. "We are convinced that this new release plan will give us time to deliver a smooth experience for all guitar and bass lovers."
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BDRBF | Hot Stocks17:41 EDT Bombardier unveils Challenger 3500 aircraft - Bombardier unveiled "the industry's best" super mid-size business jet called the Challenger 3500 aircraft. The latest evolution of Bombardier's hugely successful Challenger platform was introduced to the market today during an exclusive celebration in Montreal, Canada, and through a worldwide virtual launch," the company said. "The next-generation Challenger 3500 aircraft, the evolution of the Challenger 350 aircraft, introduces a redesigned interior with intelligent and sustainably minded cabin features crafted to combine comfort with function. Further elevating the passenger experience, Bombardier's exclusive and patented Nuage seat is included in the aircraft's standard configuration - the first time a seat of this calibre is available in the super mid-size segment. As part of an overall focus on passenger wellness, this new business jet will provide a reduced cabin altitude of 4,850 ft at 41,000 ft, representing a 31% improvement compared to its predecessor. The Challenger 3500 aircraft also introduces several innovative technological features, such as the industry's first voice-controlled cabin to manage lighting, temperature and entertainment systems, the first wireless chargers throughout the cabin and the only 24-inch, 4K display in its class. In the cockpit, Bombardier introduces a standard-equipped autothrottle system to the Challenger 3500 flight deck, which offers the most baseline features in its class. This new business jet is expected to enter service in the second half of 2022."
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REGN | Hot Stocks17:37 EDT Regeneron announces HHS, DoD purchase 1.4M additional doses of REGEN-COV - Regeneron Pharmaceuticals announced that the U.S. Department of Health and Human Services, HHS, and the Department of Defense, DoD, will purchase 1.4M additional doses of REGEN-COV. The government will continue to provide REGEN-COV at no cost to patients. Under the new agreement, Regeneron will supply an additional 1.4M 1,200 mg doses of REGEN-COV to the U.S. government by January 31, 2022, at a cost of $2,100 per dose. This new agreement follows two earlier agreements with the U.S. government announced in July 2020 and January 2021. REGEN-COV is an investigational medicine authorized by the FDA under an emergency use authorization to treat people who are at high risk of serious consequences from COVID-19 infection who are either already infected or in certain post-exposure prophylaxis settings.
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SYNH | Hot Stocks17:32 EDT Syneos Health to acquire StudyKIK - Syneos Health announced the acquisition of StudyKIK, a technology-enabled clinical trial recruitment and retention company. The platform encompasses more than 6M patients through social media, speeding access to patients who traditionally would not have participated in clinical trials.
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AVGO | Hot Stocks17:21 EDT Broadcom COO Charlie Kawwas sells $1.5M in company shares - Broadcom COO Charlie Kawwas disclosed in a filing that he had sold 3,000 shares of company stock at $500.83 per share on September 10, for a total transaction value of $1,502,491.
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IBTX | Hot Stocks17:17 EDT Independent Bank names Michael Hobbs as President and COO, effective October 1 - "Independent Bank Group announced changes to its executive leadership to position the Company for long-term success and to best serve its customers, communities and shareholders." the company said. David R. Brooks will remain Chairman and Chief Executive Officer and will continue to serve as the Company's and the Bank's principal executive officer, but he will no longer serve as President. Michael B. Hobbs will serve as President and Chief Operating Officer, effective as of October 1. Mr. Hobbs will continue to oversee the Bank's lending function as well as supervising many aspects of the Bank's daily operations. The promotion of Mr. Hobbs will support the continued development of the Company's infrastructure and organic growth, while enabling Mr. Brooks to focus on the Company's strategic vision and culture. Mr. Brooks said, "These changes reflect the careful thought of our Board of Directors regarding the future leadership of our Company. Michael is a talented and experienced bank executive who has re-energized the organic growth of our Company. Under his leadership we have developed a new retail strategy, enhanced our middle market lending team, and strengthened our operating platforms. He is the perfect person to properly balance the need to continue building our infrastructure while optimizing execution across all business lines so that we achieve our growth goals." Brooks continued, "With Michael's oversight of the day-to-day operations of the Company, I will be able to focus on long-term shareholder value creation by guiding the Company to achieve strategic and sustainable growth, address positive social change in the communities we serve, and meet the challenges of a rapidly-evolving industry landscape."
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REGN | Hot Stocks17:10 EDT Regeneron awarded $2.94B Army contract modification for 1.4M REGEN-COV doses - Regeneron was awarded a $2.94B modification to a contract for 1.4M REGEN-COV antibody therapeutic doses. Work will be performed in Tarrytown, New York, with an estimated completion date of July 31, 2022. FY21 research, development, test and evaluation, Army funds in the amount of $2.94B were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.
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YOU | Hot Stocks16:57 EDT Clear Secure and Tappit announce strategic partnership - Tappit and CLEAR announced a strategic partnership designed to expand and enhance their collective offerings for entertainment, professional sports, colleges and retail sites. CLEAR's mobile identity verification platform together with Tappit's technology will soon offer clients a seamless experience for consumers to verify their identity and age for age restricted purchases, like alcohol, all on their mobile phones and without handling cash or cards.
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ACIC ACHR | Hot Stocks16:41 EDT Atlas Crest Investment shareholders approve deal with Archer Aviation - Atlas Crest Investment Corp. (ACIC), a special purpose acquisition company, announced that its stockholders approved all proposals related to the previously announced business combination with Archer Aviation Inc. (ACHR) at a special meeting of stockholders held today. A Current Report on Form 8-K disclosing the full voting results will be filed with the Securities and Exchange Commission. Approximately 96% of votes cast at the Special Meeting voted to approve the Business Combination. In connection with the vote on the Business Combination, approximately 48.5% of eligible shareholders exercised redemption rights. The Business Combination will generate approximately $857.6M of gross proceeds, including $600M of proceeds from the PIPE. The closing of the Business Combination is anticipated to occur on or about September 16, 2021. Following the closing, the combined company will be known as "Archer Aviation Inc." and its common stock and warrants are expected to trade on the New York Stock Exchange under the new ticker symbols "ACHR" and "ACHR WS," respectively, on September 17, 2021.
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HIG | Hot Stocks16:33 EDT Hartford Financial to pay $787M in new settlement agreement with BSA - Hartford announced that it has entered into a new agreement-in-principle in the Boy Scouts of America, or BSA, bankruptcy, superseding its prior agreement, which now includes the BSA, its local councils and the representatives of a majority of the sexual abuse claimants. As part of the agreement-in-principle, The Hartford will pay $787M, before tax, for claims associated with policies mostly issued in the 1970s. In exchange for The Hartford's payment, the BSA and its local councils will fully release The Hartford from any obligation under policies The Hartford issued to the BSA and its local councils. In addition, the representatives for the claimants joining this agreement-in-principle will support a plan of reorganization which incorporates the settlement. As announced on April 16, The Hartford had entered into a $650M settlement with BSA; however, that previous settlement did not include the local councils or representatives of a majority of the claimants. The agreement-in-principle was reached in connection with BSA's Chapter 11 bankruptcy and will become a final settlement upon the occurrence of certain conditions, including execution of a definitive settlement agreement, confirmation of the BSA's global resolution plan, receipt of executed releases from the local councils, and approval from the bankruptcy court as part of BSA's overall plan of reorganization. The parties to the agreement-in-principle expect to receive court approval of the settlement in late 2021. No assurance can be given that all the conditions precedent to the settlement will be satisfied or that bankruptcy court approval, if obtained, will not be delayed for various procedural reasons. The Hartford expects to record a charge against earnings of approximately $137M, before tax, in the third quarter 2021 for prior accident year development recognized in connection with the additional amounts anticipated to be paid by The Hartford pursuant to the agreement-in-principle described above.
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AFG | Hot Stocks16:31 EDT American Financial Group declares $4.00 per share special dividend - American Financial Group announced that it has declared a special, one-time cash dividend of $4.00 per share of American Financial Group Common Stock. The dividend is payable on October 5 to holders of record on September 28. The aggregate amount of the payment to be made in connection with this special dividend will be approximately $340M. This special dividend is in addition to the company's regular quarterly cash dividend last paid in July 2021. AFG recently announced a 12% increase in its regular quarterly cash dividend to 56c per share, beginning in October.
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IVZ | Hot Stocks16:21 EDT Invesco senior managing director Lo sells 150,000 common shares - In a regulatory filing, Invesco senior managing director Andrew Tak Shing Lo disclosed the sale of 150,000 common shares of the company on September 13 at a price of $24.91 per share.
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IP SLVM | Hot Stocks16:18 EDT International Paper declares spin-off distribution of Sylvamo common stock - International Paper (IP) announced that, in connection with its previously announced separation and spin-off of its global papers business, International Paper's board of directors declared a pro rata distribution of approximately 80.1% of the outstanding shares of Sylvamo (SLVM) common stock to be made effective at 12:01 a.m. New York City time on October 1 to International Paper's shareholders of record as of 5:00 p.m. New York City time on September 15, the previously-announced record date for the distribution. Each International Paper shareholder will receive one share of Sylvamo common stock for every eleven shares of International Paper common stock held on the record date. Following the distribution, International Paper will own approximately 19.9% of the outstanding shares of Sylvamo common stock. International Paper shareholders will not receive fractional shares of Sylvamo common stock. Instead, fractional shares of Sylvamo common stock will be aggregated and sold in the open market, with the net proceeds distributed pro rata in cash payments to the International Paper shareholders who would otherwise receive a fractional share of Sylvamo common stock. Sylvamo common stock began trading on a "when-issued" basis on the NYSE under the symbol "SLVM WI" on September 14. On October 1, "regular way" trading under the symbol "SLVM" is expected to begin. The CUSIP number for the Sylvamo common stock will be 871332 102 when regular way trading begins.
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SONM | Hot Stocks16:17 EDT Sonim announces one-for-ten reverse split - Sonim Technologies announced that it intends to effect a one-for-ten reverse split of its issued and outstanding common stock. The Reverse Stock Split will become effective as of 5:00 p.m. Eastern Time on September 15, and the Company's common stock is expected to begin trading on a split-adjusted basis when the market opens on September 16. The Company's common stock will continue to trade on The Nasdaq Stock Market under the symbol "SONM." The new CUSIP number for the common stock following the Reverse Stock Split will be 83548F200.
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IBEX | Hot Stocks16:13 EDT Ibex sees FY22 022 organic revenue growth of 7%- 9% - Fiscal Year 2022 organic revenue growth of 7% to 9%. Revenue growth will accelerate beginning in the second quarter as we onboard new capacity in Q1.
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QELL | Hot Stocks16:12 EDT Lilium completes business combination with Qell Acquisition - Lilium announced that it has completed its business combination with Qell Acquisition, a publicly listed special purpose acquisition company. The transaction was approved by Qell's shareholders on September 10, during a Special Meeting in which more than 98% of the votes cast were in favor of the business combination. Beginning September 15, Lilium's Class A ordinary shares and redeemable warrants will trade on the Nasdaq under the symbols "LILM" and "LILMW", respectively. As a result of the business combination, Lilium will receive approximately $584M of gross proceeds, prior to transaction expenses, including from funds managed by leading strategic and long-term financial investors. Lilium's existing shareholders will roll 100% of their shares into the combined company.
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FTCI | Hot Stocks16:09 EDT FTC Solar CEO Tony Etnyre to step down, Sean Hunkler to succeed - FTC Solar announced that Tony Etnyre will step down as CEO and member of the board. The board has appointed Sean Hunkler as his successor effective September 24. Etnyre will continue to support the company on strategic matters and business development through a transition period reaching into 2022. Hunkler joins FTC Solar from Western Digital Corporation where he serves as executive VP of global operations, overseeing all aspects of global activities including providing leadership to more than 62,000 people across a network including 18 factories. Prior to joining Western Digital in 2018, Hunkler had significant semiconductor and solar experience, including serving as EVP of Global Operations for NXP Semiconductors, and then COO of its spin-off company, Nexperia. Prior to those positions, he held senior leadership roles at SunEdison/MEMC Electronic Materials, Freescale Semiconductor and Motorola.
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TRIN | Hot Stocks16:08 EDT Trinity Capital raises quarterly dividend 13.8% to 33c per share - The record date is September 30, with payment date of October 15.
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AIR | Hot Stocks16:07 EDT AAR in exclusive commercial aviation distribution pact with Arkwin Industries - AAR has signed an exclusive distribution agreement with Arkwin Industries. The agreement covers Arkwin's broad line of engine actuation and commercial aviation products for the commercial aviation aftermarket and is effective as of October 1. "We are excited to partner with AAR as our new aftermarket partner for our commercial aviation business," said Kristian Norheim, Arkwin Vice President of Sales & Marketing. "We are confident that Arkwin's realignment of aftermarket support capabilities using AAR will allow Arkwin to more effectively support our global customer base." "We are thrilled to add Arkwin's products to our portfolio and look forward to working with its team to provide market intelligence and grow its footprint," said Eric Young, AAR Senior Vice President of OEM Solutions. "This agreement provides meaningful growth to AAR's OEM Solutions business and the CFM56, CF34, and CF6 products complement our existing engine offering."
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XERS SBBP | Hot Stocks16:07 EDT Xeris stockholders approve acquisition of Strongbridge - Xeris Pharmaceuticals, Inc. (XERS) announced that its stockholders have voted to approve the previously announced proposed acquisition of Strongbridge Biopharma plc (SBBP) by Xeris. At the special meeting of Xeris stockholders held on September 14, 2021, approximately 97% of the shares voted were cast in favor of the acquisition, representing approximately 59% of Xeris' total outstanding shares of common stock. Xeris will file a Form 8-K disclosing the full voting results. The acquisition was previously approved by Strongbridge shareholders. Upon close of the acquisition, the business of Xeris and Strongbridge will be combined under an entity called Xeris Biopharma Holdings, Inc. "On behalf of Xeris' Board of Directors and executive management team, I would like to thank our stockholders, as well as the shareholders of Strongbridge for the overwhelming support of the acquisition," said Paul R. Edick, Chairman of the Board and CEO of Xeris. "With the combination of Xeris and Strongbridge as Xeris Biopharma Holdings, we will be an innovative leader in endocrinology and neurology, with a differentiated technology platform well-positioned to meet the unmet needs of the patients we serve. We are eager to close the transaction in early October, integrate the companies, and realize the value that we expect to be created by this combination." The acquisition is expected to close early in the fourth quarter of 2021, subject to customary closing conditions.
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DAR | Hot Stocks16:06 EDT Darling Ingredients says restart of Diamond Green Diesel in Louisiana underway - Darling Ingredients is issuing the following statement regarding its joint venture Diamond Green Diesel, located in Norco, Louisiana. "The restart of Diamond Green Diesel in Norco, Louisiana is underway and normal operations are anticipated in the next few days. DGD's 400 million gallon renewable diesel expansion project remains on track to be fully operational by the middle of the fourth quarter of 2021."
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ATVI... | Hot Stocks16:06 EDT Activision Blizzard names Julie Hodges chief people officer - Activision Blizzard (ATVI) announced the hiring of two senior executives to "help the company build a more inclusive workplace as well as diversify and grow its revenue." Julie Hodges, Senior Vice President, Corporate HR and Compensation, Benefits and Talent Acquisition at The Walt Disney Company (DIS), will become Chief People Officer, effective September 21. Sandeep Dube, Senior Vice President, Revenue Management at Delta Airlines (DAL), will become Chief Commercial Officer, effective September 27. "These two outstanding leaders from companies with exceptional reputations will help us achieve our goal of becoming the best company to work for in the entertainment industry while growing our reach, engagement and player investment," said Bobby Kotick, Chief Executive Officer of Activision Blizzard.
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AMGN | Hot Stocks16:04 EDT Amgen and The Lundquist Institute announce Diadem received on year of lab space - Amgen and The Lundquist Institute announced that Diadem Biotherapeutics has been awarded the first Amgen Golden Ticket in Southern California. Diadem will receive one year of lab space at BioLabs LA at The Lundquist Institute, or TLI, as well as additional facility benefits and connections to Amgen's scientific and business leaders. The 2021 Amgen Golden Ticket winner was chosen by an internal team of Amgen scientific leaders at a virtual pitch event. Five finalists pitched their business plans before Amgen's internal committee that evaluated the strength and novelty of their scientific rationale, subject matter expertise and business plan viability.
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BSY | Hot Stocks16:01 EDT Bentley Systems' Seequent acquires Minalytix, terms not disclosed - Bentley Systems announced that its Seequent business unit has acquired Canadian software company Minalytix, the developer of MX Deposit. The acquisition extends Seequent's cloud capabilities and solutions for mining, including greenfield exploration, resource development, and mining production. Prior to the transaction, Seequent held a minority shareholding in Minalytix, and its partnership included exclusive global rights to sell MX Deposit. Graham Grant, chief executive officer of Seequent, said, "We're excited to welcome the Minalytix team to Seequent, following our successful collaboration, to broaden the mining workflow through further cloud capabilities. Drill and sample data are the lifeblood for mining companies when exploring, and MX Deposit naturally aligns with our mining and exploration portfolio, including newly acquired geoscientific imagery platform Imago. We have already done a great job of integrating the software and now we are excited to integrate the team."
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RTX | Hot Stocks16:01 EDT Raytheon Intelligence & Space to acquire SEAKR Engineering - Raytheon Technologies has signed a definitive agreement to acquire privately-held SEAKR Engineering, a supplier of advanced space electronics. Closure of the acquisition is subject to the completion of customary conditions and regulatory approvals. SEAKR Engineering will be a wholly-owned subsidiary of Raytheon Technologies and will report into Raytheon Intelligence & Space upon closing.
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C | Hot Stocks15:42 EDT Citi CFO says revenue, expense guidance for full year have not changed - Citi CFO Mark Mason, speaking at the Barclays Financial Services conference, stated: "We exceeded, frankly, our initial expectations around normalization, particularly in the first quarter as we saw our constructive trading backdrop in part driven by continued treasury issuance and fiscal stimulus. In quarter two, we really started to see some of that normalization come into play on the back of lower volatility and really modest trading volumes. And as we sit here in the third quarter, we're looking at revenues likely to be down in the low to mid-teens year-over-year, largely driven by fixed income and rates and currencies, in particular, but offset a bit by a really bright spot in our equities performance, particularly in derivatives and in prime. And this is on the heels of investments that you've heard us having made over the past several years in our equities business, as well as a favorable environment in some of the major markets. And so we are continuing to see that normalization, particularly in fixed income. That said, Jason, as you know, there are a couple of weeks left to the quarter. And so we'll see how that plays out. So if that's kind of the ICG picture. I'd say on the consumer side, we continue to see, again, here, very good engagement. If I look at our purchase sales across our cards businesses they're up pretty meaningfully. That said, payment rates are up as well, and that's putting pressure on loan volumes as it relates to our card businesses. But again, we're investing in that business. That is to say reentering that market, and we're seeing very good purchase activities as well as new card acquisitions coming into play. And then finally, I'd mention as it relates to how the quarter is trending just very quickly on expenses that, as you know, our full year expense guidance is that expenses will be up in the mid-single digits year-over-year. That remains our guidance at this point. We obviously could see some impact to both revenues and expenses as it relates to our Asia exits. And on the revenue line, you heard us mention the Australia transaction. So there's going to be an impact there from that. But aside from that, our revenue guidance on the full year and on expenses for the full year have not changed."
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CALT | Hot Stocks15:37 EDT Calliditas announces PDUFA goal date extension for Nefecon NDA - Calliditas Therapeutics announced that the U.S. Food and Drug Administration has extended the PDUFA goal date for its New Drug Application, or NDA, seeking accelerated approval for Nefecon to December 15, 2021. "Our NDA for Nefecon is the first time that the FDA is considering an approval on the basis of proteinuria as a surrogate endpoint for accelerated approval in IgA nephropathy, requiring an in-depth review process. We will continue to cooperate closely with the FDA as they complete the review of our NDA," said Renee Aguiar-Lucander, CEO at Calliditas. "In its review of the NDA, the FDA has requested further analyses of the NeflgArd trial data which the company has provided to the FDA. The Agency has classified these analyses as a major amendment to the NDA. The amendment mainly provides additional eGFR and other related analyses as further support of the proteinuria data provided in the NDA submission," the company added.
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DTEA... | Hot Stocks15:35 EDT Notable companies reporting after market close - Notable companies reporting after the market close, with earnings consensus, include DAVIDsTEA (DTEA)... GreenTree Hospitality Group (GHG), consensus 18c... America First Multifamily Investors (ATAX), one estimate 12c.
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MS | Hot Stocks15:16 EDT Morgan Stanley COO says NII guidance given in Q2 'still holds' - Morgan Stanley COO Jonathan Pruzan, speaking at the Barclays Financial Services conference, stated: "I think on NII, I mean, the guidance that we gave in the second quarter still holds. The curve hasn't -- I'm trying to think from June 30. It hasn't really done very much. Obviously, we continue to see good loan growth, which should lead to, again, in small increments, generally a positive trajectory on NII. But until we see sort of major movements either in short-term rates or the shape of the curve, we're going to be sort of in the state where we've been for the last couple of quarters." Asked about the company's plans to update its two-year and longer-term ROTCE targets, Pruzan responded: "So no big reveal. I think you know we do our targets once a year in January, and we're going to do them again in January, and I don't want to get ahead of that, and I certainly don't want to contradict anything Boss has said. But I think you'll hear, and I'm assuming we're going to talk about the acquisitions and the underlying strength of the businesses, but we're really optimistic for a variety of reasons."
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PYR | Hot Stocks15:14 EDT PyroGenesis jumps12% after announcing $6M torch order with iron pellitizer - Shares of PyroGenesis are currently up 47c or 12% to $4.54 per share after the firm announced it had secured a $6M torch order with another major iron ore pelletizer.
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PING GRPN | Hot Stocks15:07 EDT Ping Identity appoints Jason Kees as chief information security officer - Ping Identity (PING) appointed Jason Kees as the company's new chief information security officer, or CISO. He will spearhead Ping Identity's security initiatives. Kees most recently served as vice president and chief information security officer at Groupon (GRPN), where he built the enterprise security organization from the ground up. Additionally, Jason had oversight for the online marketplace's IT and engineering operations teams of several hundred people.
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PYR | Hot Stocks15:06 EDT PyroGenesannounces $6M torch order with another major iron ore pelletizer - PyroGenesis Canada announces, further to its Q2 2021 press release dated August 16th that it has received an order to supply four high powered plasma torches together with ancillary equipment to a client for approximately $6MM. This does not include continued after-sale services, which would be part of a separate services agreement. Client B is a multi-billion-dollar international producer of iron ore, whose name will remain confidential for competitive reasons. Client B's objective is to reduce greenhouse gases, GHGs, by replacing their fossil fuel burners with PyroGenesis' proprietary plasma torches. Client B has advised PyroGenesis that, upon the successful implementation of the torches announced today, the subsequent orders are expected to be for approximately 130 plasma torches. Notwithstanding this, there is no guarantee that such orders will be placed. The schedule to implement these future orders remains to be determined. "We have achieved another major milestone as this is our second commercial plasma torch order with a major iron ore producer," said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis.
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KO | Hot Stocks15:03 EDT Full Sail IP Partners buys Odwalla from Coca-Cola - Full Sail IP Partners, an acquiror of leading brands, announced it has acquired the Odwalla brand from the Coca-Cola Company. "We're thrilled that Odwalla, with its long history of innovation, high levels of brand awareness and reputation for great products, will be our first acquisition. We look forward to providing consumers with the best tasting, artfully crafted functional beverages and foods to allow them to snack well, feel well and live well," said Alan Kravetz, Full Sail's CEO.
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VUZI | Hot Stocks14:53 EDT Vuzix announces order from Canada's CAMtria - Vuzix announced that it has received an order from CAMtria, a wholesale distributor "providing the latest solutions and services and exceptional partner experiences to resellers and retailers throughout Canada" "This order from CAMtria further strengthens our presence in Canada, where extensive growth opportunities exist for Vuzix Smart Glasses across CAMtria's served market verticals. Vuzix looks forward to establishing a distribution relationship with CAMtria that will steadily expand over time," said Paul Travers, President and CEO of Vuzix.
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SR | Hot Stocks14:31 EDT Spire reports FERC issues temporary certificate for STL Pipeline - The Federal Energy Regulatory Commission, or FERC, has issued a temporary certificate authorizing the continued operation of Spire STL Pipeline for 90 days, "a first step in keeping the STL Pipeline in service ahead of this winter," Spire announced. Scott Smith, president of the Spire STL Pipeline, said: "This temporary certificate provides additional time to meaningfully engage with all stakeholders on the need for STL Pipeline without the threat of customers in Eastern Missouri losing the energy they rely on. Having said that, this authorization does not get us through what can be some of winter's coldest months," says Smith. "We stand ready to work with all parties, including FERC, to achieve continued energy security for the people of the St. Louis region. Keeping the STL Pipeline in service will ensure that Spire Missouri customers have the energy needed to heat homes and water, cook food and fuel industry... The issuance of this temporary certificate provides the Commission with the requisite time to conduct a thorough review of our July 26 application and the additional information that we submitted on August 6, 2021. We will continue to fully cooperate with the FERC and other stakeholders to ensure they have the information needed to complete a comprehensive review of our application. In the long term, we are confident that when people have an opportunity to review the proven benefits of the STL Pipeline and current market conditions they will agree that there is a critical need for this infrastructure to ensure continued access to reliable, affordable energy for homes and businesses in the greater St. Louis region."
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GSAT... | Hot Stocks14:24 EDT Globalstar down 20% after Apple reveals iPhone 13 - Shares of Globalstar (GSAT) are down 48c, or 21%, to $1.81 in afternoon trading after Apple (AAPL) held its "California Streaming" virtual event, during which the company introduced new versions of its iPhone, Apple Watch and iPad devices. There had recently been speculation that Apple would bring satellite capabilities to the iPhone, which had sent shares of Globalstar and Iridium Communications (IRDM) soaring on August 30. Reference Link
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AAPL | Hot Stocks14:20 EDT Apple announces iPhone 13 Pro, iPhone 13 Pro Max - Apple introduced the iPhone 13 Pro and iPhone 13 Pro Max. Both models introduce an all-new Super Retina XDR display with ProMotion featuring an adaptive refresh rate up to 120Hz, making the touch experience faster and more responsive. iPhone 13 Pro and iPhone 13 Pro Max also include 5G with more bands for better coverage, big improvements to battery life for the best battery life ever on iPhone with iPhone 13 Pro Max, new storage capacity of 1TB, and the Ceramic Shield front cover, tougher than any smartphone glass. Pre-orders begin Friday, September 17, with availability beginning Friday, September 24. Customers can get iPhone 13 Pro for $999 and iPhone 13 Pro Max for $1,099.
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AAPL | Hot Stocks14:20 EDT Apple introduces iPhone 13 and iPhone 13 mini - Apple introduced iPhone 13 and iPhone 13 mini, which it calls "the next generation of the world's best smartphone. The devices feature "a beautiful design with sleek flat edges in five gorgeous new colors" and both models feature "major innovations, including the most advanced dual-camera system ever on iPhone," Apple stated. Cinematic mode "brings a new dimension to video storytelling," while iPhone 13 and iPhone 13 mini also boast "super-fast performance and power efficiency with A15 Bionic, longer battery life, a brighter Super Retina XDR display," Apple said. The device also includes "double the entry-level storage at 128GB, an industry-leading IP68 rating for water resistance, and an advanced 5G experience," Apple said. iPhone 13 and iPhone 13 mini will be available in pink, blue, midnight, starlight, and (PRODUCT)RED in a new entry-level capacity of 128GB for double the storage, as well as 256GB and 512GB capacities. Customers in Australia, Canada, China, Germany, India, Japan, the UK, the US, and more than 30 other countries and regions will be able to pre-order iPhone 13 and iPhone 13 mini beginning at 5 a.m. PDT on Friday, September 17, with availability beginning Friday, September 24. Both models will be available in Turkey beginning Friday, October 1, and in Malaysia, Mexico, South Korea, Thailand, and nearly 10 other countries and regions beginning Friday, October 8. Customers can get iPhone 13 for $33.29 a month for 24 months or $799 before trade-in, and iPhone 13 mini for $29.12 a month for 24 months or $699 before trade-in in the Apple Store app and at Apple Store locations. iPhone 13 and iPhone 13 mini are also available through Apple Authorized Resellers and select carriers.
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AAPL | Hot Stocks14:18 EDT Apple announces Watch Series 7 with 18-hour battery life - Apple announced Apple Watch Series 7, "featuring a reengineered Always-On Retina display with significantly more screen area and thinner borders, making it the largest and most advanced display ever." The company added, "The narrower borders allow the display to maximize screen area, while minimally changing the dimensions of the watch itself. The design of Apple Watch Series 7 is refined with softer, more rounded corners, and the display has a unique refractive edge that makes full-screen watch faces and apps appear to seamlessly connect with the curvature of the case." Apple Watch Series 7 provides all-day 18-hour battery life on a single charge, and 33% faster charging compared with Apple Watch Series 6. All Apple Watch Series 7 models will be available later this fall. Apple Watch Series 7 will start at $399, Apple Watch SE starts at $279, and Apple Watch Series 3 starts at $199.
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AAPL | Hot Stocks14:16 EDT Apple iPhone 13 Pro starts at $999, available September 24 - Says iPhone 13 Pro has fastest graphics "ever." Says ProRes video feature coming to iPhone 13 Pro "later this year." Says iPhone 13 Pro starts at $999, Pro Max starts at $1,099. Says introducing new 1TB storage option. Says preorders start September 17, phones available September 24.
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CROX | Hot Stocks14:05 EDT Crocs announces new Accelerated Share Repurchase plan - Crocs announced that it expects to have repurchased $500M of shares in 2021 by the end of the fiscal third quarter. In addition, the company announced it will enter into a new Accelerated Share Repurchase, or "ASR," plan that will conclude by the end of 2021, which will bring total expected repurchases by year end to $1B. Earlier this month, the board of directors approved an increase to the company's repurchase authorization such that $1.05B will remain available for future common stock repurchases after the announced ASR is completed, Crocs noted.
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AAPL | Hot Stocks14:05 EDT Apple unveils iPhone 13 Pro - Says iPhone 13 Pro comes in four colors. Says Pro comes with "industry-leading" water resistance. Says also unveiling iPhone 13 Pro Max. Says Pro introduces Super Retina RDX display. Says bringing ProMotion to iPhone with 13 Pro. Says iPhone 13 Pro comes with three-camera design.
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AAPL | Hot Stocks13:56 EDT Apple says iPhone 13 Mini starts at $699, regular iPhone 13 starts at $799 - Says iPhone 13 comes with upgraded 5G capabilities tow ork in 60 countries and regions. Says iPhone 13 comes with better battery life, 2.5 hours longer than iPhone 12. Says iPhone 13 starts at $799, with iPhone 13 Mini starting at $699. Says starting capacity for iPhone 13 increased to 128GB, adding 512GB option as well.
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AAPL | Hot Stocks13:51 EDT Apple says iPhone 13 comes with Cinematic mode feature for video capturing - Says iPhone 13 comes with sleek, flat edge design and ceramic shield front. Says iPhone 13 has new look for "advanced" dual camera system. Says new iPhone comes with A15 bionic chip. Says phone comes with new 16-core neural engine. Says comes with Cinematic mode feature to video capturing.
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AAPL | Hot Stocks13:40 EDT Apple unveils iPhone 13
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AAPL | Hot Stocks13:37 EDT Apple says Group Workouts coming 'later this fall' to Fitness+
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AAPL | Hot Stocks13:37 EDT Apple introduces ninth generation iPad with A13 Bionic chip - Apple introduced the new iPad, "featuring the powerful A13 Bionic chip that packs even more performance and capability into the most popular iPad, all while retaining its all-day battery life.1 Starting at just $329, the new iPad features a 10.2-inch Retina display with True Tone, a 12MP Ultra Wide front camera with Center Stage, support for Apple Pencil and Smart Keyboard, the intuitive iPadOS 15, and twice the storage of the previous generation. The new iPad is available to order beginning today on apple.com, and in stores beginning Friday, September 24." "iPad has never been more essential for working, learning, and communicating, and we're excited to bring one of the biggest updates ever to our most popular iPad," said Greg Joswiak, Apple's senior vice president of Worldwide Marketing. "With the powerful A13 Bionic, more engaging video calls with Center Stage, and double the storage, the new iPad delivers advanced capabilities, versatility, and simplicity at an incredible value."
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AAPL | Hot Stocks13:36 EDT Apple says Apple Watch Series 7 comes with improved durability - Says Series 7 comes with new ways to input text, including built-in digital keyboard that uses machine learning for predictive text. Says new modular face maximizes screen area. Says Series 7 also comes with improved durability, with better crack resistance and IP6X certification. Says Series 7 also still waterproof. Says Series 7 charges 33% faster than Series 6. Sapple says guided meditations coming for Fitness+ service. Says Group Workouts powered by shareplay coming to Fitness+.
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AAPL | Hot Stocks13:35 EDT Apple unveils new iPad mini with larger 8.3-inch liquid retina display - Apple introduced the powerful new iPad mini with a larger 8.3-inch Liquid Retina display - in four finishes. Apple said: "Featuring the brand new A15 Bionic chip, the new iPad mini delivers up to 80 percent faster performance than the previous generation, making it the most capable iPad mini ever. A new USB-C port allows faster connectivity, and cellular models with 5G bring more flexible mobile workflows. New advanced cameras, Center Stage, and support for Apple Pencil enable new ways for users to capture photos and videos, communicate with loved ones, and jot down their ideas when creativity strikes. The new iPad mini is available to order beginning today, and will be in stores beginning Friday, September 24."
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AAPL | Hot Stocks13:25 EDT Apple unveils Apple Watch Series 7 - Says adding new features to Apple Watch for "everyone who rides a bike." Says cycling updates coming to watchOS 8. Says new Watch comes with "largest" display ever. Says Series 7 display re-engineered to have 40% thinner borders than Series 6. Says shape of new watch has softer, more rounded corners.
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AAPL | Hot Stocks13:21 EDT Apple says new iPad Mini starts at $499, available next week - Says new iPad Mini comes with USB-C port, enabling 10x faster data transfers than predecessor. Says new iPad Mini to support 5G networking. Says comes with new speaker system with stereo in landscape mode and Center Stage support. Says starts at $499, available next week.
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CHGG PSO | Hot Stocks13:18 EDT Chegg slides after sued by Pearson for selling answer sets - Shares of Chegg (CHGG) were lower on Monday and are down another 2% in Tuesday afternoon trading to $75.49 after the company was sued in the United States District Court for the District of New Jersey by Pearson Education (PSO). In the complaint, plaintiff Pearson alleges Chegg "infringes Pearson's exclusive rights as a copyright holder" by using and copying Pearson's "original creative content to make answer sets based on that content." In the civil action, in which Pearson seeks injunctive relief and damages, the company stated: "Pearson and Chegg have done business with each other in several ways over the years. But no aspect of the parties' business dealings with one another-or the law-permits Chegg's conduct complained of herein. Pearson has told Chegg both verbally and in writing to remove the answers from Chegg Study. Yet Chegg continues to violate Pearson's copyrights on a massive scale, including as to Pearson's highest-profile, signature textbooks."
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AAPL | Hot Stocks13:15 EDT Apple introduces new iPad Mini - Says iPad Mini getting "biggest upgrade ever." Says new iPad Mini has new all-screen design that is "remarkbly thin and light." Says iPad Mini now comes in four colors and features liquid retina display. Says new iPad Mini comes with secure touch ID and a "remarkable" performance upgrade, including a 40% jump in CPU performance and 80% increase in GPU performance.
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AAPL | Hot Stocks13:12 EDT Apple's new iPad starts at $329, available next week - Says new iPad comes with 12 megapixel ultra wide camera. Says new iPad comes with Center Stage, a feature from iPad Pro. Says new iPad will ship with iPadOS 15. Says new iPad starts at $329, from $299 for education. Says new iPad available next week.
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AAPL | Hot Stocks13:09 EDT Apple unveils new entry-level iPad - Says "proud" that Apple TV+ has 35 Emmy nominations. Says iPad "more popular and more essential than ever." Says "just getting started" with Apple TV+. Says new entry-level iPad comes with A13 bionic chip. Says A13 "leaps ahead" of competition. Comments taken from Apple Keynote event.
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REZI | Hot Stocks12:46 EDT Resideo appoints Dana Huth to newly created Chief Revenue Officer role - Resideo Technologies announced that Dana Huth will join the company in the newly created position of executive VP, Chief Revenue Officer, effective immediately. Huth most recently served as the Chief Revenue Officer for Advanced Energy.
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VINO | Hot Stocks12:34 EDT Gaucho Group to acquire additional real estate assets in Argentina in $2.4M deal - Gaucho Group Holdings announced that its shareholders had approved the purchase of additional land holdings in Argentina in an all-stock transaction valued at approximately $2.4M. The purchase price was determined from an evaluation of the real estate performed by an independent third-party. Located in Argentina, the properties were acquired from the related, but independent entity, Hollywood Burger Holdings. One of the property lots is located in the San Rafael, Mendoza region of Argentina, and the other in Cordoba, Argentina, with the estimated fair market value of the combined properties totaling approximately $2.4M. Both properties are located on major thoroughfares, seeing significant foot and street traffic, and both with ample parking, a feature considered a rare benefit in Argentine cities.
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GS | Hot Stocks12:33 EDT Nextiva raises $200M from Goldman Sachs Asset Management - Nextiva announced it has raised $200M, in its first external funding round, from Goldman Sachs Asset Management at a $2.7B valuation. The funding will be used to accelerate Nextiva's vision to help businesses and teams build stronger relationships with their customers as the only company bringing together communications, customer management, intelligence and automation into a single purpose-built solution. Nextiva plans to accelerate innovation for connected communications, including AI and automation development, build out new routes to market, and advance global expansion. Nextiva brings together communications with applications built for customer sales and service, analytics, as well as an ecosystem of integrations to third-party solutions. This allows Nextiva to uniquely manage all communications and customer engagement in one place, providing truly unified customer insight to every employee.
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VVPR | Hot Stocks12:32 EDT VivoPower announces multi-national distribution deal for Tembo e-LVs - VivoPower International announced that the Company has signed a definitive agreement with GHH Group for GHH to distribute Tembo powered electric light vehicles in over 50 countries across Africa, Asia, Europe and the Americas, using e-LV conversion kits from VivoPower's wholly-owned subsidiary Tembo e-LV B.V. Under the agreement, GHH intends to purchase 3,000 Tembo e-LV conversion kits through to December 2026. GHH will be responsible for acquiring original vehicles from Toyota, converting the vehicles to ruggedized e-LVs using the Tembo conversion kits, selling the Tembo powered e-LVs to end-customers and providing ongoing servicing and maintenance. . With the execution of this contract, VivoPower can now offer Tembo powered e-LVs to customers on six continents as the Company continues to advance its aim to build a global Tembo distribution network before the end of this calendar year.
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PM VEGPF | Hot Stocks12:03 EDT Philip Morris says Japanese antitrust condition satisfied for Vectura bid - Philip Morris International (PM) stated in a notice to the London Stock Exchange that on August 16, 2021, the Vectura Group (VEGPF) directors unanimously recommended the final cash offer by PMI Global Services Inc. for the entire issued and to be issued share capital of Vectura at a price of 165 pence per Vectura share. PMI and "PMI Bidder" further announced on August 19, 2021 that PMI had acquired in the market, in the aggregate, 174,804,443 Vectura Shares at 165 pence per Vectura Share, representing approximately 29.16% of the Vectura Shares currently in issue. "PMI and PMI Bidder are pleased to announce that today PMI Bidder received the requisite approval of the Japan Fair Trade Commission in respect of the Offer. PMI and PMI Bidder can therefore confirm that all regulatory approvals for which PMI Bidder applied in respect of the Offer have been received. The Offer remains subject to the terms and conditions set out in the Offer Document. Vectura Shareholders who have not yet accepted the Offer are urged to do so as soon as possible," the company's notice stated.
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LVS | Hot Stocks12:00 EDT Las Vegas Sands falls -13.0% - Las Vegas Sands is down -13.0%, or -$5.58 to $37.31.
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PAR | Hot Stocks12:00 EDT Par Technology falls -15.3% - Par Technology is down -15.3%, or -$10.44 to $57.92.
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HLF | Hot Stocks12:00 EDT Herbalife Nutrition falls -16.7% - Herbalife Nutrition is down -16.7%, or -$9.08 to $45.16.
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NOA | Hot Stocks12:00 EDT North American Construction rises 8.9% - North American Construction is up 8.9%, or $1.25 to $15.36.
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RYB | Hot Stocks12:00 EDT RYB Education rises 10.9% - RYB Education is up 10.9%, or 31c to $3.19.
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OG | Hot Stocks12:00 EDT Onion Global rises 17.7% - Onion Global is up 17.7%, or 99c to $6.58.
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DBVT | Hot Stocks11:53 EDT DBV Technologies jumps 5% to $5.30 after SocGen upgrades to Buy
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PNC | Hot Stocks11:45 EDT PNC Financial drops 2.4% as CEO comments on NII at Barclays conference
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PNC | Hot Stocks11:44 EDT PNC Financial CEO sees NII 'a little bit soft" in Q3, fees outperforming
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EA... | Hot Stocks11:44 EDT EA's new 'Madden' debuted as best-selling game in August in U.S., says NPD - NPD analyst Mat Piscatella said that EA's (EA) "Madden NFL 22" debuted as the best-selling game of August, while also ranking 4th among the best-selling games of 2021 year-to-date. This is the 22nd consecutive year that a "Madden NFL" franchise release has been the best-selling title of its launch month. Sony's (SONY) "Ghost of Tsushima" ranked as the 2nd best-selling game of August, after finishing at #110 on the best-selling titles chart in July. The launch of "Ghost of Tsushima Director's Cut" for PlayStation 5 and PlayStation 4 drove the change. Sega's (SGAMY) "Humankind" ranked 1st among tracked PC titles in August spending, while placing 4th on the overall best-selling titles chart. Humankind currently ranks as the 5th best-selling tracked PC title of 2021 year-to-date. Sony's "The Last of Us Part II" jumped to #10 on the PlayStation best-selling titles chart, after finishing July ranked 23rd. The title was price promoted across several retail outlets in August. Other top ten sellers for the month of August were Activision's (ATVI) "Call of Duty: Black Ops Cold War," Sony's "Spider-Man: Miles Morales," Ubisoft's (UBSFY) "Assassin's Creed Valhalla," Nintendo's (NTDOY) "Mario Kart 8 Deluxe," and Microsoft's (MSFT) "Minecraft." Other companies in the video game space include Tencent (TCEHY), GameStop (GME), Capcom (CCOEY), and Take-Two (TTWO). Reference Link
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SONY... | Hot Stocks11:40 EDT U.S. video game spending grew 7% y/y in August, says NPD - NPD analyst Mat Piscatella said that August 2021 consumer spending across video game hardware, content and accessories grew 7% when compared to a year ago, to an August record $4.4B. YTD consumer spending totaled $37.9B, a 13% increase when compared to the same period in 2020. Hardware was a primary driver of spending gains in August. Led by Sony's (SONY) PS5, hardware dollar sales gained 45% when compared to August 2020. Mobile and Subscription pushed August content spending higher when compared to a year ago. August video game hardware dollar sales gained 45% when compared to August 2020, to $329M. This is the highest total achieved in a August month since 2008, and the third highest August month total in history. Year-to-date hardware spending has increased 49% when compared to the same period in 2020, totaling $3B. Nintendo Switch (NTDOY) was the best-selling hardware platform in units during both the August month and year-to-date, while PlayStation 5 leads both time periods in dollar sales. After 10 months in market PlayStation 5 remains the fastest selling PlayStation platform in history, Piscatella said. Other companies in the gaming space include Microsoft (MSFT), Tencent (TCEHY), Electronic Arts (EA), Take-Two (TTWO), Activision Blizzard (ATVI), Ubisoft (UBSFY), GameStop (GME), and Capcom (CCOEY). Reference Link
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PNC | Hot Stocks11:40 EDT PNC Financial CEO sees 'little bit' of a slowdown in Q3, pickup in Q4
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CROX | Hot Stocks11:40 EDT Crocs up 12% to $154.31 as 2026 'ambition' discussed at investor day - Shares of Crocs are up about 12% in late morning trading as the company hosts its 2021 investor day meeting. During the event, the company discussed an "ambition" to grow sales from $2.25B in 2021 to over $5B in 2026, which it notes implies a 17%-plus compound annual growth rate.
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PNC | Hot Stocks11:39 EDT PNC Financial CEO: Economy continues to be very strong, robust - Comments taken from the Barclays Financial Services Conference.
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AMRC | Hot Stocks11:33 EDT Ameresco selected by City of Mesquite, Texas for AMI system - Ameresco announced that it has been selected by the City of Mesquite, Texas to install a comprehensive smart metering infrastructure improvement project for its residential and commercial water utility customers. The project will include the installation of solid-state water meters and an advanced metering infrastructure system to allow for wireless reading of water usage data to replace the current manual reading of meters. Ameresco will replace more than 42,000 water meters and 41,000 meter boxes citywide. At the end of the first year, the city is expected to accrue operational savings. The project is expected to be completed in the next two years.
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WRAP | Hot Stocks11:33 EDT Wrap Technologies announces deployment of BolaWrap in Washington, D.C. area - Wrap Technologies released new bodycam footage of a BolaWrap deployment in Bladensburg, Maryland. "On June 13, 2021, Bladensburg Police Department responded to a call from a mentally ill subject claiming that 12 people had broken into his home. Upon arrival, officers found that the subject's claim was untrue, and his mother told the responding officers that the subject was having a psychiatric episode. The officers decided to take the subject to a hospital for an emergency evaluation, but the subject attempted to flee, posing a risk to himself and the officers. The officers deployed the BolaWrap, successfully wrapping the subject's legs and enabling them to safely place him in handcuffs and into an ambulance to get help without injury or force."
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WFC | Hot Stocks11:18 EDT Wells Fargo 'affirms focus on building strong risk and control foundation' - Wells Fargo issued a press release in which it said it has affirmed its "focus on building [a] strong risk and control foundation." The bank stated in part: "Serving customers with the highest standards requires a strong risk and control foundation. That's why meeting our own expectations for risk management and controls - as well as our regulators' - remains Wells Fargo's top priority. We are a different bank today than we were five years ago because we've made significant progress." The company, which outlined steps taken since 2019, also stated that it has "achieved several important regulatory milestones over the past two years, which are indicative of our progress," listing that in September 2021, the CFPB consent order issued in September 2016 regarding improper retail sales practices was terminated; in January 2021, the OCC terminated a 2015 Consent Order related to Wells Fargo's Bank Secrecy Act/Anti-Money Laundering compliance program; and in May 2020, the OCC upgraded Wells Fargo's Community Reinvestment Act rating to "outstanding."
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ZBH | Hot Stocks11:18 EDT Zimmer Biomet: Mymobility has been a momentum driver
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CIDM | Hot Stocks11:09 EDT Cinedigm appoints John Canning as CFO - Cinedigm announced that John Canning has joined the Company as CFO, effective September 13, 2021. Canning will report to Chris McGurk, Chairman & CEO, and will be responsible for all financial functions at Cinedigm to support and enhance the Company's rapid growth trajectory. Prior to Cinedigm, Canning spent two years as the CFO of Firefly Systems Inc., an Ad-Tech startup in Silicon Valley, where he worked to secure funding, working capital and equipment financing.
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HPE VMW | Hot Stocks11:03 EDT HP Enterprise names Fidelma Russo as new Chief Technology Officer - Hewlett Packard Enterprise (HPE) announced that Fidelma Russo has been named Chief Technology Officer for the company. "In this role, Fidelma will lead the innovation agenda and technology roadmap for HPE and manage the design and development of the HPE Greenlake edge-to-cloud platform," the company said. Fidelma most recently served as senior vice president and general manager of the Cloud Services business unit at VMware (VMW).
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ZBH | Hot Stocks10:58 EDT Zimmer Biomet says 'more likely' to be toward bottom end of FY21 guidance range
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ZBH | Hot Stocks10:58 EDT Zimmer Biomet: Guidance ranges implied for 2H 'still intact'
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ZBH | Hot Stocks10:57 EDT Zimmer Biomet: Delta putting pressure on elective procedures - Says "not immune" to the recent slowdown and that the Delta variant is putting pressure on elective procedures. Comments taken from the Baird Global Healthcare Conference.
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T | Hot Stocks10:53 EDT AT&T CFO feels 'pretty good' about previously provided guidance on net adds
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T | Hot Stocks10:37 EDT AT&T CFO: Options in WarnerMedia deal include split, spinoff - CFO Pascal Desroches notes that the company "can do a combination of both."
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T | Hot Stocks10:36 EDT AT&T CFO sees WarnerMedia deal closing in 1H22 - CFO Pascal Desroches is speaking at the Bank of America Media, Communications, and Entertainment Conference.
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IZEA | Hot Stocks10:03 EDT Izea reports 115% year-over-year growth in Q3 Managed Services Bookings to date - IZEA Worldwide announced that it has been awarded a variety of contracts from both new and existing clients, propelling IZEA's Managed Services Bookings to top 115% growth in Q3 2021 to date, as compared to Q3 2020. Managed Services Bookings for the quarter are currently $8.5M as compared to $4M in 2020, already making it the best Q3 in company history with half the month of September remaining. This is IZEA's third consecutive quarter of triple digit growth for Managed Services Bookings.
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LVS | Hot Stocks10:00 EDT Las Vegas Sands falls -8.9% - Las Vegas Sands is down -8.9%, or -$3.80 to $39.09.
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HLF | Hot Stocks10:00 EDT Herbalife Nutrition falls -12.9% - Herbalife Nutrition is down -12.9%, or -$6.98 to $47.26.
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PAR | Hot Stocks10:00 EDT Par Technology falls -13.3% - Par Technology is down -13.3%, or -$9.10 to $59.26.
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IVC | Hot Stocks10:00 EDT Invacare rises 7.1% - Invacare is up 7.1%, or 46c to $6.95.
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AGTI | Hot Stocks10:00 EDT Agiliti rises 8.1% - Agiliti is up 8.1%, or $1.66 to $22.14.
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RYB | Hot Stocks10:00 EDT RYB Education rises 11.1% - RYB Education is up 11.1%, or 32c to $3.20.
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LVS | Hot Stocks09:47 EDT Las Vegas Sands falls -7.6% - Las Vegas Sands is down -7.6%, or -$3.26 to $39.63.
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HLF | Hot Stocks09:47 EDT Herbalife Nutrition falls -11.4% - Herbalife Nutrition is down -11.4%, or -$6.18 to $48.06.
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PAR | Hot Stocks09:47 EDT Par Technology falls -15.3% - Par Technology is down -15.3%, or -$10.45 to $57.91.
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NOA | Hot Stocks09:47 EDT North American Construction rises 7.4% - North American Construction is up 7.4%, or $1.04 to $15.14.
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MEC | Hot Stocks09:47 EDT Mayville Engineering rises 9.0% - Mayville Engineering is up 9.0%, or $1.55 to $18.85.
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IRNT | Hot Stocks09:47 EDT IronNet rises 9.3% - IronNet is up 9.3%, or $1.81 to $21.20.
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JPM | Hot Stocks09:43 EDT JPMorgan sees Q3 investment banking fees up y/y, down sequentially from Q2
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JPM | Hot Stocks09:42 EDT JPMorgan seeing strength in equities, 'a little less' in FICC, says Lake
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JPM | Hot Stocks09:42 EDT JPMorgan sees Q3 trading revenue down 10% sequentially, y/y - Lake says this is better than the company expected at Q2 earnings.
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JPM | Hot Stocks09:41 EDT JPMorgan's Lake: Future reserve releases to be 'much more modest'
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JPM | Hot Stocks09:41 EDT JPMorgan has yet to see any 'real deterioration' in card - Comments made by Marianne Lake, Co-CEO of Consumer & Community Banking, at the Barclays Global Financial Services Conference.
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KNX | Hot Stocks09:37 EDT Knight-Swift launches Iron Truck Services organization - Knight-Swift Transportation announced that it has launched Iron Truck Services, an organization that brings together services essential to transportation carriers and includes insurance, equipment maintenance, fuel purchasing, and truck sales and rentals. Iron Trucks Services provides affordable solutions to truckload carriers by leveraging the scale and infrastructure of the nation's largest carrier, Knight-Swift. Iron Truck Services includes the following offerings: IRON INSURANCE, which provides auto, general, and cargo liability insurance, as well as physical damage insurance options at affordable rates. All policies are supported by risk management services that promote safe operational practices for policyholders. IRON FUEL PROGRAM, which is a free membership program providing access to a discount network of over 1,500 fueling locations nationwide, with savings, credit lines, fuel tax filing, and other benefits. IRON MAINTENANCE, which offers wholesale prices, free DOT inspections, and maintenance services at 19 locations nationwide, with additional locations planned to open before the end of the year. IRON TRUCK SALES & RENTALS, which offers a wide selection of used, DOT qualified trucks and equipment at 30 locations nationwide.
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NXGN | Hot Stocks09:32 EDT Razin Group files proxy statement, sends letter to NextGen Healthcare investors - Sheldon Razin, who collectively with Lance Rosenzweig and the other participants in his solicitation owns approximately 15.2% of the outstanding common shares of NextGen Healthcare, filed a definitive proxy statement with the U.S. Securities and Exchange Commission in connection with the company's Annual Meeting of Shareholders scheduled for October 13, 2021. Messrs. Razin and Rosenzweig also sent a letter to shareholders. The Razin Group urges shareholders to vote on the BLUE Proxy Card to elect its four-member slate to the company's nine-member Board. The letter says in part: "We believe NextGen Healthcare, Inc. ("NextGen Healthcare" or the "Company") is at a pivotal crossroads following years of anemic growth, eroding margins, poor corporate governance, questionable acquisitions and sustained underperformance. We contend that under the leadership of Chairman Jeffrey Margolis and his allies, the Board of Directors has abandoned the spirit of innovation and open-mindedness that has always been at the heart of the business. We contend that continuing to allow these individuals to maintain boardroom control will lead NextGen Healthcare further down a path to irreversible value destruction. This is why we are seeking to elect four highly-qualified director candidates - including new independent nominees Kenneth H. Fearn and Ruby Sharma - at the Annual Meeting of Shareholders now scheduled to be held on October 13, 2021. Notably, our slate has specific ideas that it intends to champion in the boardroom, if elected. These include: Advocating for a revised, shareholder-friendly reincorporation in Delaware; Developing a robust succession plan for all c-level roles and senior leadership positions; Developing a clear and transparent capital allocation policy that is disclosed to shareholders; Instituting a new executive compensation plan that aligns pay with performance, including share price appreciation; Restructuring the sales team under its own P&L and establishing attractive incentives to spur increased organic growth, and; Reducing spending on consultants, non-accretive initiatives and services that could be outsourced."
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SNY TBIO | Hot Stocks09:27 EDT Sanofi completes acquisition of Translate Bio - Sanofi announced the completion of its acquisition of Translate Bio, further accelerating the company's efforts to develop transformative vaccines and therapies using mRNA technology. The acquisition adds a critical pillar to the company's mRNA Center of Excellence which aims to unlock the potential of next-generation mRNA vaccines and other strategic areas such as immunology, oncology, and rare diseases. The tender offer for all of the outstanding shares of Translate Bio common stock expired as scheduled at one minute after 11:59 p.m., Eastern Time, on Monday, September 13, 2021. The minimum tender condition and all of the other conditions to the offer have been satisfied and on September 14, 2021, Sanofi accepted for payment and will promptly pay for all shares validly tendered and not validly withdrawn. Following its acceptance of the tendered shares, Sanofi completed its acquisition of Translate Bio through the merger of a wholly owned subsidiary of Sanofi with and into Translate Bio, pursuant to Section 251(h) of the General Corporation Law of the State of Delaware, with Translate Bio continuing as the surviving corporation and becoming an indirect, wholly owned subsidiary of Sanofi. In connection with the merger, all Translate Bio shares not validly tendered in the tender offer have been converted into the right to receive the same $38 per share in cash, without interest thereon and net of any applicable withholding taxes, that would have been paid had such shares been validly tendered in the tender offer. As of September 14, 2021, Translate Bio common stock will cease to be traded on the NASDAQ Global Select Stock Market.
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TGEN | Hot Stocks09:26 EDT Tecogen receives 1,200-ton clean cooling chiller order - Tecogen is pleased to announce an order for three 400-ton Tecochill chillers for an indoor cannabis cultivation facility in Massachusetts. This is the 23rd cannabis cultivation facility to select the Tecochill solution and will eliminate the need for approximately 750 kW of electric capacity if electric chillers were used. The chillers are expected be serviced out of Tecogen's Waltham service headquarters.
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NUAN LDOS | Hot Stocks09:24 EDT Leidos selects Nuance's AI technology - Nuance Communications (NUAN) announced that Leidos (LDOS) will use Nuance's AI technology as part of their scalable and customizable digital patient engagement solutions for health systems and federal healthcare agencies. Using the Nuance Mix conversational AI development platform, the same technology leveraged by the world's leading banks, telecommunications companies, and retailers to create superior customer experiences, Leidos will help customers accelerate IT modernization, enhance patient experiences, and improve care costs and outcomes.
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GS | Hot Stocks09:21 EDT Goldman Sachs names Denis Coleman III as CFO to replace retiring Stephen Scherr - Goldman Sachs Group announced that Denis Coleman III, co-head of the Global Financing Group, will become the firm's Chief Financial Officer, effective January 1, 2022. "After a distinguished career at Goldman Sachs spanning three decades, including serving for the last three years as Chief Financial Officer, Stephen M. Scherr has decided to retire from the firm. Stephen will remain Chief Financial Officer until the end of the year and will retire from the firm at the end of January. Upon his retirement, he will become a Senior Director. Denis will serve as Deputy Chief Financial Officer effective immediately to ensure a smooth transition," the company stated. Reference Link
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TYL | Hot Stocks09:20 EDT Tyler Technologies signs 10-year pact with Colorado's DORA - Tyler Technologies announced it has signed a 10-year agreement with the Colorado Department of Regulatory Agencies , DORA, Division of Professions and Occupations, for Tyler's ETK Regulatory solution. Tyler will provide the agency with an integrated licensing regulation management platform to help it offer as many licensing services online as possible to expand public access without compromising the quality of data. "We are excited to upgrade our licensing regulation management with the help of Tyler's technology," said DORA's Ronne Hines, division director, Division of Professions and Occupations. "By offering more licensing services online, it will put our customers in control of accessing these crucial services. Additionally, it will free up some of our staff resources to focus on other critical tasks." DORA is the state of Colorado's umbrella regulatory agency, charged with managing licensing and registration for multiple professions and businesses, implementing balanced regulation for Colorado industries, and protecting consumers...Tyler will partner with the state to provide the initial investment to implement the solution. DORA will then collect transaction fees from its constituents to fund the system over the term of the contract.
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SRNG DNA | Hot Stocks09:19 EDT Soaring Eagle Acquisition deal with Ginkgo Bioworks approved by shareholders - Soaring Eagle Acquisition (SRNG) announced that its business combination with Ginkgo Bioworks (DNA) was overwhelmingly approved in a shareholder vote held this morning, with 75% of shareholders participating in the vote and 97% voting in favor of the combination. Upon the closing of the business combination, Ginkgo Bioworks expects to receive $1.63B of gross proceeds, including $775M in committed funding from a PIPE plus approximately $858M from the Soaring Eagle trust account. Subject to the satisfaction or waiver of the other customary closing conditions, Soaring Eagle anticipates completing its domestication to Delaware on September 15 and closing the business combination on September 16. In connection with the closing, the company will change its name to Ginkgo Bioworks and the combined company's shares of Class A common stock and public warrants are expected to trade on the New York Stock Exchange beginning on September 17 under the ticker symbol (DNA).
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COMP | Hot Stocks09:19 EDT Compass to acquire LegacyTexas Title insurance service - Compass announced that it has signed a definitive agreement to acquire LegacyTexas Title, a leading title insurance company serving Dallas-Fort Worth. The acquisition will significantly strengthen the company's growing portfolio of title and escrow businesses. The transaction is contingent upon regulatory approval and is expected to close before the end of the year. The terms of the deal are not being disclosed. In February of this year Compass announced the acquisition of Washington D.C. area title insurance and settlement services company, KVS Title.
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OPRT | Hot Stocks09:17 EDT Oportun Financial reports aggregate originations of $501M quarter-to-date - Oportun Financial provided an intra-quarter update on its strategic initiatives. The intra-quarter updates were presented in an updated investor deck posted to Oportun's investor website this morning. The updates included: Aggregate Originations were $501 million quarter-to-date, up 122% year-over-year; Better than expected personal loan originations in the first 12 states that Oportun began offering loans under its bank partnership expansion, launched August 23, 2021; Oportun expects to enter approximately 17 additional states through the bank partnership, nearly doubling its addressable market by the end of 2021; Secured personal loan receivables were $23.1 million as of August 31, 2021, up 11,078% year-over-year; Oportun Visa Credit Card receivables were $31.8 million as of August 31, 2021, up 946% year-over-year; Additionally, the credit card program now has over 75,000 active customers; DolEx locations that offer Oportun's loans through its Lending-as-a-Service program now number 181 as of September 13, 2021, already surpassing the company's yearend goal of 175 locations, which it is raising to a new year-end target of 200 locations; Oportun remains on track to begin offering loans through its second Lending-as-a-Service partnership in the fourth quarter, which will add at least an additional 100 new locations over the next 12 months; Last week the Company closed its new $600 million, 3-year warehouse line and drew on the line to redeem the last of its more expensive ABS notes issued in 2018, which lowers Oportun's cost of funds going forward.
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TNT | Hot Stocks09:14 EDT Peak Fintech Group acquires assets of Huayan Kun Tai Technology - Peak Fintech Group announced that it has acquired the assets of Huayan Kun Tai Technology Company, a private company that provides various SaaS solutions to insurers and insurance brokers in China. Huayan provides its solutions primarily through its proprietary "Heartbeat" insurance product management and brokerage platform, where users pay a subscription fee to access the services plus a commission-related service fee when applicable. All of Huayan's assets, including the Heartbeat platform, its employees and its operations will be transferred to Peak's Xinxiang Technologies Ltd. subsidiary, which was created in the Q2 specifically to help bring insurance related products and services to members of Peak's Business Hub. The Heartbeat platform saw a significant increase in the number of insurance brokerage companies using it in 2021 with the number of users going from 8 at the end of 2020 to 420 by the end of August 2021. As compensation for the acquisition of Huayan's operations, Peak will pay Huayan and its shareholders a total of $31.0M, of which $11.0M will be payable in cash to be used by Huayan in various capacities to position Xinxiang for success as Huayan winds down its operations and transfers them to Xinxiang. The remaining $20.0M will be payable to Huayan's shareholders in common shares of Peak, of which $6.0M will be payable within ten business days of the signing of the agreement and $14.0M will be payable over a three-year period based on certain net income targets to be achieved by Xinxiang during that period.
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SCS | Hot Stocks09:12 EDT Steelcase outlines ESG goals, priorities in impact report - Steelcase published its latest Impact Report, detailing its "continued commitment to preserving the planet, advancing wellbeing and equity for all and running the business with integrity," the company said. The report expands on the company's previously published environmental goals and outlines new goals that reflect its expanded commitment to social and governance priorities. In fiscal 2021, Steelcase continued to further its ESG commitments to address global climate change, and also created new DEI goals and policies governing human and labor rights, including the following: Achieving carbon neutrality and establishing science-based targets to reduce absolute emissions from its owned and controlled facilities by 50% by 2030; Setting new DEI goals to build more diverse teams; Publishing a new Global Human & Labor Rights Policy to strengthen a culture of inclusion and formalize the people-first approach it has embraced for decades. Steelcase continues to make meaningful progress on its sustainability initiatives. Building on the momentum of achieving carbon neutrality, Steelcase has additionally set third-party verified science-based targets in line with a 1.5 degrees climate scenario, while also working with its suppliers to help them establish their own science-based targets to reduce carbon emissions. An internal carbon core team has been created to drive and monitor progress toward the goals associated with these climate commitments.
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RAD | Hot Stocks09:12 EDT Rite Aid debuts 'remote-first work approach for corporate associates' - Rite Aid unveiled its "corporate workplace of the future - a remote-first work approach for corporate associates, supported by a network of collaboration centers throughout the company's geographic footprint. The reimagined workplace model focuses on flexibility for associates, while also creating an official headquarters space in Philadelphia designed specifically for in-person collaboration and company gatherings, rather than office spaces," the company said. Rite Aid CEO Heyward Donigan, who championed the initiative to redefine the company's approach to work, announced the transformation in a video to the enterprise-wide corporate team this morning. The new enterprise headquarters will be located in Philadelphia's vibrant Navy Yard district, offering a modern space for teams across Rite Aid's various businesses - including Rite Aid retail, Elixir, Health Dialog and Bartell Drugs - to meet, collaborate, engage clients and partners, and cultivate the kind of strong professional relationships that serve as the bedrock for successful remote teams. Additionally, planned regional collaboration centers across the country will provide opportunities for Rite Aid teams to come together for in-person meetings, training and development, and more.
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SURG | Hot Stocks09:10 EDT SurgePays' SurgePhone Wirelss accelerates rollout of EBB devices - SurgePays announces the acceleration of its distribution of the Emergency Broadband Benefit Program through the Company's wholly owned subsidiary, SurgePhone Wireless. The EBB Program provides SurgePhone up to a $90 reimbursement for the cost of a tablet and $50 per customer, per month subsidy for data services. In August, SurgePhone distributed EBB-sponsored devices to 833 customers, generating $115,211 in revenue.
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BERY | Hot Stocks09:10 EDT Berry Global to invest $110M + in North American foodservice packaging - Berry Global Group announced plans to expand its foodservice packaging manufacturing operations in North America as part of its long-term strategic growth commitments. This more than $110M investment will expand its proprietary and industry-leading polypropylene thermoforming capabilities to manufacture clear drink cups and lids for quick-service restaurants, coffee shops, convenience stores, and other foodservice markets. The clear design fills an increasing demand for a cup that showcases a premium brand image and beverage appeal and improves restaurant operation efficiencies while offering a more sustainable packaging option. Foodservice brand owners are steadily increasing their forecasted volumes with Berry production for access to the Company's 30-plus active patents across clear cups and lids. In addition, customized plastic cup and lid brand owner solutions are a rapidly increasing market trend, pulling volume from alternative substrates since 2017. As a result, Berry has demonstrated its market leadership, outpacing market trends growing its sales by a forecasted 60%*.
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SCPS | Hot Stocks09:09 EDT Scopus BioPharma subsidary, Duet Therapeutics, appoints two new members to SAB - Scopus BioPharma announced the appointments of John Rossi, Ph.D. and Nagy Habib, Ch.M., F.R.C.S. to the Scientific Advisory Board, or SAB, of Duet Therapeutics. Duet Therapeutics is a wholly-owned subsidiary of Scopus. Rossi is the Lidow Family Research Endowed Chair and Professor and Chair of the Department of Molecular and Cellular Biology at the Beckman Research Institute of the City of Hope National Medical Center. Professor Habib is an academic hepatobiliary surgeon and Head of Surgery at the Hammersmith Hospital Campus, Imperial College London. His research evolved from the research in oncogenes to tumor suppressor genes, epigenetic modification, gene therapy, stem cell therapy, RNA, and saRNA and RNA aptamers.
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AMIH | Hot Stocks09:07 EDT American International Holdings' EPIQ MD launches online healthcare platform - American International Holdings announced its subsidiary EPIQ MD, Inc., has launched its online healthcare platform bringing its comprehensive suite of telemedicine services to the estimated more than 80 million Americans who are uninsured, or underserved by traditional health insurance. These services include primary medical and mental health care, preventative health and wellness programs, medical advocacy, discounted prescriptions and much more. EPIQ MD has the advantage of having been conceived and developed as a low-cost digital telemedicine company -- not a digital extension of a traditional brick & mortar HMO trying to lower their fixed cost of delivery. EPIQ MD was designed to offer low-priced, high-value services to fill the largest gaps in the US healthcare system with its entry into the estimated $36.6 billion North American telemedicine marketplace.
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GNRC | Hot Stocks09:07 EDT Generac Power Systems, Enchanted Rock announce alliance - Generac Power Systems announced a 5-year development agreement with resiliency microgrid innovator, Enchanted Rock, to build and supply its advanced natural gas generators and control systems. Enchanted Rock designs, builds, operates, and maintains ultra-low emissions Dual Purpose Microgrids that provide commercial, industrial and government customers with affordable and reliable backup power and supply electric grid operators with critical grid stability services that accelerate the adoption of wind and solar, without sacrificing system reliability. The new units will be manufactured at Generac's Oshkosh, Wisconsin facility, and will feature Enchanted Rock's patented quiet design and compact footprint to protect businesses from interruptions during power outages. The generator systems will be utilized in a variety of microgrid applications and will be continuously monitored and maintained by Enchanted Rock to help ensure the highest level of availability.
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ANIK | Hot Stocks09:07 EDT Anika Therapeutics's Tacpset Injectable Bone Substitute cleared by FDA - Anika Therapeutics announced that it has received an additional 510(k) clearance by the FDA for Tactoset Injectable Bone Substitute. This new indication expands the use of Tactoset to include augmentation of hardware and the support of bone fragments during surgical procedures. This expands Tactoset's addressable market to include augmentation of suture anchor fixation in addition to treatment of skeletal system defects such as insufficiency fractures. "Poor quality bone and suture anchor pullout is a real problem for patients in our industry, and surgeons can now use Tactoset to augment their suture anchor fixation and reinforce it from inside the bone. We've taken our proprietary HA-enhanced Tactoset and opened an untapped market in the area of augmentation of hardware including soft tissue suture anchors," says Ben Joseph, Vice President of US Commercial and Global Brand Management at Anika. Tactoset is a calcium phosphate based, biocompatible bone graft substitute that incorporates Anika's core hyaluronic acid technology. Anika expects to begin actively marketing the expanded indication for Tactoset for hardware augmentation in October 2021.
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MSGM | Hot Stocks09:06 EDT Le Mans Virtual Series reveals full driver entry list - The recently launched 24 Hours of Le Mans Virtual Series announces the full entry list for the 2021-22 Endurance Esports Championship. The 38 team entries feature 177 driver names on the full-season roster list and include champions and prominent drivers from nearly all major motorsport disciplines, including Formula One, the WEC, INDYCAR, the International Motor Sports Association, Formula 2 and 3, Formula E and Extreme E, GT World Challenge and more. Participating this season are open-wheel luminaries of motorsport, such as 2009 F1 Champion, Jenson Button, F2 racer, Jack Aitken, Formula E racer Sergio Sette Camara, current INDYCAR Championship points leader, Alex Palou and INDYCAR driver and 2019 INDYCAR Rookie of the Year, Felix Rosenqvist.
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AIHS | Hot Stocks09:05 EDT Senmiao Technology signs new contract with Shanghai Lutuan Technology - Senmiao Technology announced the signing of a new contract with Shanghai Lutuan Technology, an affiliate of Meituan, China's leading e-commerce platform for services focused on its "Food + Platform" strategy. According to this new cooperation agreement, online ride-hailing requests and orders will be completed on Meituan's platform utilizing Senmiao's network of cars and drivers for a set monthly fee. This new agreement will have no impact on drivers' incomes, and drivers' incentives will be paid by the major platform going forward.
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LFST | Hot Stocks09:05 EDT LifeStance to be added to Russell 2000 Index at open on 9/20 - LifeStance announced that the company will be added to the Russell 2000 Index, effective after the U.S. market opens on September 20, according to the preliminary list of IPO additions to the Russell indexes. Membership in the Russell 2000 Index, which remains in place until the next reconstitution, is based on membership in the broad-market Russell 3000 Index. The stock will also be automatically added to the appropriate growth and value indexes
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WYNN | Hot Stocks09:04 EDT WynnBET named an official sports betting partner of the New York Jets - WynnBET announced on Tuesday a partnership with the New York Jets naming the operator as an Official Sports Betting partner of the team. The multi-year agreement includes the entitlement of the WynnBET Green Room at MetLife Stadium for Jets gamedays as well as presenting partnership of the Jets Podcast Network and the Jets SportsNet NY Pre and Post Game Live shows. The centerpiece of the relationship is the WynnBET Green Room, a ticketed, 21 years-old and over all-inclusive food and beverage hospitality space at Jets home games. The luxury club space, approximately 4,800 square feet, will provide an immersive sportsbook experience, allowing ticketed Jets fans access to live WynnBET betting content such as point spreads, game totals, in-play wagering and more.
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STM | Hot Stocks09:04 EDT STM, Blues Wireless partner for cellular tech in embedded applications - STMicroelectronics and Blues Wireless have disclosed the use of a quintet of ST products in Blues Wireless' Notecard, a system-on-module solution that accelerates development of cellular IoT solutions for connected assets at very low cost. The Blues Wireless Notecard builds on a high-performance, ultra-low-power STM32L4R5 microcontroller, an STSAFE-A Secure Element for state-of-the-art key management and device security, and an LIS2DTW12 for temperature sensing, motion, and power-optimized location awareness. Around the ST products, the Notecard wraps pre-paid embedded cellular data service, secure communications, and an innovative development model that dramatically reduces the time from concept-to-deployment for a broad range of cloud-connected IoT applications.
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GVP | Hot Stocks09:03 EDT GSE Systems awarded contract by nuclear power plant operator - GSE Systems has been awarded a contract from a large US nuclear 3-unit power plant operator to deliver a web-based Thermal System Monitoring, or TSM, Program using GSE's proprietary technology and Data Validation and Reconciliation, or DVR, modeling expertise The contract combines GSE TrueNorth's Thermal System Monitoring technology, TSM Enterprise, with DVR capabilities pioneered by partner Belsim. Innovative solutions like TSM Enterprise and DVR are in great demand as the nuclear industry looks to improve the performance of aging nuclear reactor plants while reducing non-fuel costs. The software solution will provide the operator with the ability to monitor and report thermal performance, identify degraded components, and troubleshoot thermal performance problems.
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SAP AMZN | Hot Stocks09:03 EDT SAP, Amazon.com partner to expand buyer choice - SAP (SAP) announced it is partnering with Amazon Business (AMZN) to enable employees to tap into hundreds of millions of items on Amazon Business directly from within SAP Ariba solutions and assist with compliance with corporate purchasing policies. With this partnership and technology integration, Amazon Business becomes a source of supply for Spot Buy, a capability within SAP Ariba solutions for users to purchase items from trusted suppliers. Integrating Amazon Business into the guided buying capability within the SAP Ariba solution experience helps simplify the purchase of general business goods while providing users with hundreds of millions of new items. This new integration will utilize a real-time search API so users of guided buying can search for items and receive results from Amazon Business, along with other online stores, e-commerce providers and direct sellers, directly within the SAP Ariba solution. Amazon Business items selected for checkout will be transferred to the shopping cart for automatic processing within the SAP Ariba solution.
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SKYE | Hot Stocks09:01 EDT Skye Bioscience announces special virtual investor presentation - Skye Bioscience announced that it will host a special virtual investor presentation on Tuesday, October 12. The filmed broadcast of this virtual event will be available beginning at 1 p.m. ET/10:00 a.m. PT. The agenda will include the company's strategic direction and business outlook for 2022, clinical development updates on the company's lead glaucoma program, R&D advancements and new initiatives, followed by Q&A. Speakers for this event will include Skye's executive management team in addition to select members of its scientific and clinical advisory boards.
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AJG | Hot Stocks09:01 EDT Arthur J. Gallagher acquires Bedford Hills for undisclosed amount - Arthur J. Gallagher & Co. announced the acquisition of Bedford Hills, NY-based Lloyd Bedford Cox. Terms of the transaction were not disclosed. Founded in 1921, LBC is a fourth-generation retail insurance agency providing comprehensive insurance coverage, services and risk assessment tools to high-net-worth individuals and families throughout the United States, Europe, the Bahamas and the Caribbean. J. Jeffers Cox and his associates will remain in their current location under the direction of Patrick Kennedy, head of Gallagher's Eastern region retail property/casualty brokerage operations.
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USAU | Hot Stocks08:48 EDT U.S. Gold announces land agreement to grant access to develop CK Gold Project - U.S. Gold announced it has entered into a land agreement with the surrounding land-owner that provides an option to lease additional land and grant access necessary to develop the CK Gold Project. The CK Gold Project is located in the mining-friendly state of Wyoming, 20 miles west of Cheyenne. U.S. Gold controls two Wyoming state leases that make up the CK Gold Project. Prior to this land agreement, the Company gained access to the project through an annual easement agreement with the local rancher, who is the primary landowner to the north and east of the CK Gold Project. The new agreement allows for an additional access route into the project off County Road 210, approximately two miles off the paved Happy Jack Road from the west. The mine development is expected to include new water resources that could eventually be used for irrigation and additional livestock watering, electrical infrastructure to power wells and pumps, and new fencing and roads to better access and utilize ranchlands.
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HST | Hot Stocks08:42 EDT Host Hotels & Resorts publishes 2021 corporate responsibility report - Host Hotels & Resorts released its 2021 Corporate Responsibility Report, which details the Company's CR program and responsible investment strategy, along with its environmental, social and governance performance and progress. Now in its fourth edition, the 2021 CR Report builds upon last year's expanded report and features a section on COVID-19 impacts and reflections and a new section on material ESG issues, along with highlighting our industry-leading accomplishments. Notable ESG achievements highlighted within the 2021 CR Report include: Continued investments in sustainability toward our science-based emissions reduction target verified by Science Based Targets initiative at the 1.5-degree Celsius level of ambition; Second green bond issuance totaling $750 million, with a total issuance to date of $1.4 billion to support acquisition and investments in green building certifications and energy and water saving ROI projects; Eight LEED-certified properties and 11 LEED projects in the pipeline, supporting our green bond strategy; Participated in the CEO Action for Diversity & Inclusion coalition and formally launched Host's diversity and inclusion program, including a new women's employee resource group; Culmination of a five-year, $500,000 pledge to the American Hotel & Lodging Association Foundation's campaign to support hospitality industry research, youth education, training, and career development programs; 165+ charities supported including 116 employee-selected community investments.
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NDAQ | Hot Stocks08:41 EDT Spottrade to leverage Nasdaq surveillance technology - Nasdaq and Sporttrade, a Philadelphia-based fintech, sports betting company, announced that Sporttrade will leverage Nasdaq technology for surveillance of its sports betting and trading platform. In utilizing Nasdaq's SaaS-deployed market surveillance technology, Sporttrade will be able to monitor trading patterns and protect its user base by identifying irregularities and unusual trading behavior. Through interactive visualization, complex data can be distilled into a single snapshot and provide a full view of the order book, enabling Sporttrade to transparently and continuously collaborate with regulators. "Today marks another important step in fulfilling our mission to elevate the sports betting industry with proven capital markets technology that will monitor our platform and protect our user base," said Alex Kane, Founder and CEO of Sporttrade. "Adopting Nasdaq's industry-leading market surveillance technology is essential in Sporttrade's promise to our participants - to advance fair, transparent, and efficient open sports betting markets." Nasdaq's end-to-end market technology powers more than 2,300 companies in 50 countries, spanning the world's financial industry, including capital markets infrastructure operators, market participants, banks, and regulators. Sporttrade is due to launch its native trading app beginning in New Jersey in Q4 of 2021, with additional states to follow in 2022 and beyond.
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QUBT | Hot Stocks08:40 EDT Quantum Computing announces QCI Partner Program - Quantum Computing announced the QCI Partner Program, giving partners first mover advantage by offering a low risk, high reward path to utilize quantum computing to solve critical optimization problems for their customers. With QCI and Qatalyst, program partners offer a seamless bridge to unleash the power of quantum technology for government and business sectors to propel customer value, as they fuel their own financial results. QCI partners leverage Qatalyst to accelerate their customers' time-to-quantum results. It's an ideal solution for customers that require complex optimization to improve decision-making, providing more accurate, diverse results to solve complex business problems. Qatalyst software helps customers explore and benefit from quantum computing right now thanks to no quantum expertise required.
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GNSS ALRM | Hot Stocks08:39 EDT Genasys, Shooter Detection Systems partner to provide active shooter warnings - Genasys (GNSS) announced an integrated technologies partnership with the gunshot detection provider, Shooter Detection Systems, an Alarm.com (ALRM) company, for early gunshot detection and real-time alerting of staff, personnel and the public through the Company's unified Genasys Emergency Management solution. Richard Danforth, Chief Executive Officer of Genasys, said "The integration of GEM with SDS' Guardian Indoor Active Shooter Detection System enhances our critical event management solution and broadens our addressable enterprise and public safety market applications. Seamless integration with SDS provides a unique, customizable solution for delivering life-safety messages through multiple channels immediately after a gunshot."
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NAOV | Hot Stocks08:37 EDT NanoVibronix extend s line-up of pain management products - NanoVibronix announced it is launching a new, transdermal gel containing Nano-Cannabidiol for the treatment of joint pain and reducing inflammation. PainShield CBD is a fast-drying gel with functional ingredients including nano particle-cannabidiol, with a dry feel, to not impede our PainShield transducer. CBD used in this new product will be sourced from High Purity Natural Products, LLC, an FDA-registered manufacturer of hemp and CBD products with operations in the U.S. High Purity's CBD is manufactured in accordance with cGMP guidelines and encapsulated to increase bioavailability and deliver more therapeutic value per dose compared with non-encapsulated CBD.
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DXR | Hot Stocks08:37 EDT Daxor presents new data on BVA-100 blood test - Daxor announces new data validating the benefits of the company's BVA-100 blood test in optimizing individualized therapy for heart failure patients. Data were presented at the Heart Failure Society of America Annual Scientific Meeting 2021 - which brought together the world's leading experts in heart failure from September 10-13, 2021, in Denver, CO. "We continue to add to the clinical evidence demonstrating that the BVA-100 blood test uniquely allows physicians to understand underlying heart failure blood volume derangements, driving better treatment choices and superior outcomes," commented Michael Feldschuh, CEO of Daxor Corporation. "HFSA provided us with a significant opportunity to share these clinical data with leading physicians active in providing care for heart failure patients along with details of newly-enrolling clinical trials by Daxor with major healthcare system partners." Highlights of the data included: "Value of Blood Volume Analysis in Patients with Left Ventricular Assist Devices": Lead study author Dmitry M. Yaranov, M.D., Baptist Heart Institute, Memphis, TN concluded, "In summary, blood volume analysis and its individualized, unique metrics is a valuable test when used in patients with LVAD. Measurement of red blood cell volume is helpful in determining variations that might not be noted clinically, and patient and clinician acceptance and adoption of BVA was excellent." "Volume-Guided Venous to Venous Ultrafiltration in Hospitalized Heart Failure Patients": This pilot study combined blood volume analysis and ultrafiltration to safely remove fluid with volume overload. Study authors indicated that earlier utilization of the BVA-100 test may have prevented the acute renal injury from their previous diuresis. "The Phenotype of Polycythemia and Hypervolemia in Hospitalized Heart Failure Patients": The BVA-100 test was instrumental in better understanding heart failure patients who present with polycythemia, or excess red cells, a condition that may affect 11% of hospitalized heart failure patients that currently goes largely undiagnosed, noted study authors. Two poster presentations were made on the landmark clinical trials by Daxor initiated in 2021 and currently underway, including a National Institute of Health-funded randomized, multicenter, controlled trial with the U.S. Department of Veterans Affairs applying BVA-100-guided care to improve hospitalized heart failure outcomes, a patient population of more than one million. Equally important is an outpatient prospective randomized trial for heart failure management featuring next-generation technology developed through contracts awarded by the U.S. Department of Defense and funded by the Center for Advancing Point of Care Technologies/NIH. This study also measures the benefit of the BVA-100 test for improving ambulatory heart failure patient care, a population that numbers more than 6 million in the U.S. alone.
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OLB | Hot Stocks08:36 EDT OLB Group unit DMint orders first batch of miners for cryptocurrency - The OLB Group, announced that DMint, a wholly-owned subsidiary of OLB, is deploying its first lot of some one-hundred cryptocurrency mining computers for operation at its newly acquired data centers. The Antminer S19j Pro is specifically configured to mine Bitcoin and is planned to be up and running by the end of September. "Putting these new mining computers to work is the first step in building out our cryptocurrency mining operations that are expected to grow to serve some one thousand miners by the end of the year," said Ronny Yakov, OLB Chief Executive Officer. "We recognize the high energy requirements and potential environmental impact of cryptocurrency mining, and DMint's business plan includes our commitment to utilize green energy sources." DMint has secured the natural gas mineral rights necessary to power its current and foreseeable energy needs for mining operations. The company plans to build out capacity to achieve 500 petahash per second while operating 24,000 miners over the next 24 months. OLB provides omnicommerce business and commerce services to merchants including leading-edge crypto commerce capabilities, eCommerce, back office and kitchen operations, and payment acceptance online, in store, and on mobile devices. Merchants utilizing OLB's OmniSoft Business Management platform can transact with customers through digital wallets, cryptocurrency wallets, and traditional card-based payment. OLB expects to leverage the DMint mining operations to power expanded crypto commerce services as well as financing, lending, and fundraising designed for smaller businesses.
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OSIS | Hot Stocks08:34 EDT OSI Systems receives $3M order for patient monitoring solutions - OSI Systems announced that its Healthcare division, Spacelabs Healthcare, received an order valued at approximately $3M to provide patient monitoring solutions and related accessories to a Midwestern U.S. based hospital. The Company is expected to provide Xhibit Central Stations, Xprezzon patient monitors, and Qube patient monitors. "We are excited to receive this order and look forward to providing our advanced patient monitoring products that help deliver critical patient care," commented Deepak Chopra, OSI Systems' Chairman and CEO.
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BIMI | Hot Stocks08:33 EDT BIMI International signs stock purchase agreement to acquire Chongqing Zhuoda - BIMI International Medical announced that it entered into a Stock Purchase Agreement on September 10, 2021, to acquire Chongqing Zhuoda Pharmaceutical, a wholesale supplier of pharmaceuticals and medical equipment, including over 1,220 pharmaceutical products, thousands of Chinese herbal medicines and more than 50 types of medical equipment. Pursuant to the Agreement, BIMI will purchase all the issued and outstanding equity interests in Zhuoda in consideration of $11,617,500 . At the closing, 2,200,000 shares of common stock of BIMI valued at $3.00 per share or approximately US$6.6M will be issued as partial consideration for the purchase of Zhuoda. The remainder of the purchase price in the amount of approximately $4.8M, is subject to post-closing adjustments based on the performance of Zhuoda in 2022 and 2023. Tiewei Song, CEO and President stated, "We are encouraged and excited about the planned acquisition of Zhuoda, as we believe this transaction will be transformative for our Company and our shareholders. Zhuoda has established long-term strategic cooperation with 14 local hospitals, which account for most of the grade A tertiary hospitals in East Chongqing. It will greatly boost Company's local market expansion. The acquisition of Zhuoda represents a unique opportunity for BIMI and our shareholders to expand our product coverage, with BIMI's commercialization expertise augmenting Zhuoda's extensive products pipeline, large medical establishment customer base and their deep relationship with domestic and international medical device manufactures such as GE, Philips, LEPU and Landwind Medical. We are confident that this acquisition will create lasting value for our customers and will promote the growth of the company in a sustainable manner" concluded,T iewei Song.
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AGTI | Hot Stocks08:33 EDT Agiliti to acquire Sizewise Rentals for $230M - Agiliti announced that it has entered into a definitive agreement to acquire Sizewise Rentals, a manufacturer and distributor of specialty hospital beds, surfaces and patient handling equipment, in a stock purchase transaction valued at $230M or approximately 7.7x adjusted EBITDA for the twelve months ended June 30. Agiliti intends to finance the transaction through a combination of cash and debt. The boards of directors of both companies have unanimously approved the agreement. Subject to the satisfaction of customary closing conditions, the transaction is expected to close early in Q4. Following the close of the transaction, Agiliti will provide an update to its FY21 financial guidance at the time it reports quarterly results for the period ending September 30. Sizewise is a manufacturer and provider of specialized bed frames, therapeutic surfaces and mobility equipment serving more than 3,000 customers in the acute and post-acute care markets with products that address the needs of bariatric, geriatric, pediatric and standard patient populations. For the twelve months ended June 30, the business generated revenues of $155M and adjusted EBITDA of $30M, inclusive of an estimated benefit from COVID-19 of approximately $5M in adjusted EBITDA. Sizewise is headquartered in Kansas and operates a 24/7 nationwide network of 65 local, in-market service branches and four manufacturing centers.
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THMO | Hot Stocks08:33 EDT ThermoGenesis awarded $250,000 NIH SBIR Phase I grant - ThermoGenesis announced that the company was awarded a $250,000 Phase I Small Business Innovation Research grant to develop and test the single-use sterile cell processing disposable, that will be used by the fully automated Quintessence System. These programs allow US-owned life science companies that are creating innovative technologies that align with NIH's mission to improve health and save lives to engage in federal research and development that has a strong potential for commercialization. This technology is protected by 15 issued patents and 13 pending applications.
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CCNC | Hot Stocks08:33 EDT Code Chain announces LOI to acquire certain assets including Filecoin servers - Code Chain New Continent announced that it entered into a non-binding letter of intent, or LOI, with Shenzhen Jindeniu Electronics. Pursuant to the LOI, Code Chain agrees to purchase certain assets, including Filecoin, or FIL, servers, FIL digital currency PiB computing power, and FIL digital currency from Jindeniu. The total purchase price will be approximately $15.9M, payable in cash. Following the LOI's execution, Code Chain will arrange its personnel, representatives, and advisors to perform due diligence on the Target Assets. Upon completion of the due diligence and the Company's satisfaction of the results, the two parties will enter into a definitive assets purchase agreement within five days. The definitive assets purchase agreement's execution shall be no later than December 31.
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WFC | Hot Stocks08:32 EDT Wells Fargo CFO: Trajectory of expenses to be 'down' y/y over next few years
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POETF | Hot Stocks08:32 EDT Poet Technologies ships first optical engines samples to customers - POET Technologies reported that the Company has shipped its first 100G Transmit Optical Engine sample to a leading European optical systems company. The Company also confirmed that additional samples will be delivered to several other interested companies over the next month. Several prospective customers are expected to participate in POET's demonstrations of its Optical Interposer-based optical engine solutions this week, concurrent with the CIOE conference in Shenzhen. The sample delivered to a leading European optical systems company supports a combined transmit and receive Optical Engine product, which has been developed for an innovative 400G transceiver application. The Alpha samples demonstrate excellent margin to the transmit link budget at operating temperatures with excellent optical eye margins. Internal testing shows that only minor improvements are required for a Beta release that would meet all of the requirements for production. These changes have already been incorporated in the Beta designs, which have just been released to the mask shop for production.
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FDX CRM | Hot Stocks08:31 EDT FedEx, Salesforce announce new, multi-year partnership - FedEx (FDX) and Salesforce (CRM) announced a new, multi-year partnership that integrates Salesforce Commerce Cloud and Salesforce Order Management with innovative capabilities from FedEx and ShopRunner, its e-commerce platform and subsidiary. Bringing together Salesforce Commerce Cloud with ShopRunner and FedEx will redefine how brands and merchants manage the e-commerce journey from promotion and purchase to delivery and returns - delivering a fast and easy end-to-end shopping experience. Companies can harness the power of Salesforce's trusted Commerce Cloud, Salesforce Order Management and Einstein AI technology to quickly innovate, automate processes, and drive demand with deeply personalized digital commerce experiences at scale. With FedEx data-driven supply chain insights, comprehensive shipping network and ShopRunner e-commerce capabilities, companies can optimize and extend the post-purchase journey.
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RFL | Hot Stocks08:30 EDT Rafael Holdings appoints Patrick Fabbio as CFO - Rafael Holdings announced the appointment of Patrick Fabbio as CFO. Pat Fabbio has more than 25 years of financial, operational and transactional leadership experience in both publicly-traded and privately-held life science and pharmaceutical companies. Prior to joining Rafael Holdings, Pat was CFO of WindMIL Therapeutics. Previously he served as the CFO of Progenics Pharmaceuticals, electroCore Medical; Vice President of Finance at NPS Pharmaceuticals. His other prior financial positions include roles at Sanofi, UniPath Diagnostics, BioMatrix and Coopers & Lybrand. Patrick is a board member of BeyondSpring Therapeutics.
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ECNCF | Hot Stocks08:30 EDT ECN Capital announces TSX approval of normal course issuer bids - ECN Capital announced that the Toronto Stock Exchange has approved the Company's notice of intention to commence a normal course issuer bid for common shares of the Company and a normal course issuer bid for the Company's Series A 6.50% Rate Reset Preferred Shares and Series C 6.25% Rate Reset Preferred Shares. Pursuant to the Bids, the Company may repurchase on the open market, up to 22,455,925 Common Shares, 384,210 Series A Preferred Shares and 371,040 Series C Preferred Shares, representing approximately 10% of the "public float" of each of the Common Shares, the Series A Preferred Shares and the Series C Preferred Shares, subject to the normal terms and limitations of such bids. ECN Capital may purchase its Common Shares and Preferred Shares at its discretion during the period commencing on September 17, 2021 and ending on the earlier of September 16, 2022 and the completion of purchases under the applicable Bid. Under the TSX rules, during the six months ended August 31, 2021, the average daily trading volume on the TSX of the Common Shares, Series A Preferred Shares and Series C Preferred Shares was 415,104, 5,554 and 3,503, respectively and, accordingly, daily purchases on the TSX pursuant to the Bids will be limited to 103,776 Common Shares, 1,388 Series A Preferred Shares and 1,000 Series C Preferred Shares, other than purchases made pursuant to the block purchase exception. The actual number of Common Shares and Preferred Shares which may be purchased pursuant to the Bids and the timing of any such purchases will be determined by ECN Capital, subject to applicable law and the rules of the TSX. As of September 3, 2021, the Company had 242,461,314 Common Shares, 3,843,100 Series A Preferred Shares and 3,712,400 Series C Preferred Shares issued and outstanding and a "public float" of 224,559,255 Common Shares, 3,842,100 Series A Preferred Shares and 3,710,400 Series C Preferred Shares. Purchases pursuant to the Bids are expected to be made through the facilities of the TSX, or such other permitted means, at prevailing market prices or as otherwise permitted. The Bids will be funded using existing cash resources and any Common Shares and Preferred Shares repurchased by the Company under the Bids will be cancelled. The Company believes that the Bids are in the best interests of the Company and constitute a desirable use of its funds. Pursuant to previous notices of intention to conduct normal course issuer bids, under which the Company sought and received approval of the TSX to purchase 22,432,925 Common Shares, 399,900 Series A Preferred Shares and 399,800 Series C Preferred Shares, which commenced on September 17, 2020 and expired September 16, 2021, the Company purchased 4,913,482 Common Shares, 156,900 Series A Shares and 287,600 Series C Shares on the open market at average purchase prices of $8.13, $23.17 and $22.09 per share, respectively. The Company has also entered into new automatic share purchase plans with designated brokers in order to facilitate repurchases of its outstanding Common Shares and Preferred Shares. The Plans have been approved by the TSX and will be implemented effective as of September 17, 2021.
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WFC | Hot Stocks08:29 EDT Wells Fargo CFO: Could see expenses $53B-$53.5B of FY21
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VLON | Hot Stocks08:27 EDT Vallon Pharmaceuticals announces formation of scientific advisory board - Vallon Pharmaceuticals announced the formation of and initial appointments to its Scientific Advisory Board, or SAB. The SAB will guide and advise the Company as it advances its novel abuse-deterrent platform technology and its lead development programs ADAIR and ADMIR, which leverage the technology to resist manipulation for snorting and provide barriers to injection. Joining the company's SAB are: Stephen Faraone, Jeffrey Newcorn, and Anthony Rostain.
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ACFN | Hot Stocks08:26 EDT OmniMetrix partners with Power Solutions Specialist - OmniMetrix announced it has partnered with Power Solutions Specialist to provide remote monitoring and control equipment and services for thousands of Briggs and Stratton back-up power generators over the next twelve months. Based outside of Houston, Texas, PSS is a leading stand-by back-up power generator dealer and service provider in the region.
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WFC | Hot Stocks08:26 EDT Wells Fargo CFO: Loan growth 'overall still relatively modest' - Comments made by CFO Mike Santomassimo at the Barclays Global Financial Services Conference.
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ALHC | Hot Stocks08:24 EDT Alignment Healthcare appoints Dan Peterson as president, Arizona - Alignment Healthcare announced the appointment of health care veteran Dan Peterson as president of its Arizona market. In this newly created position, Peterson will lead the company's expansion in the state and will report to Rajesh Shrestha, president, new markets and chief business officer at Alignment. Prior to joining Alignment, Peterson served as the CEO of Valor Health / Valor Hospice Care in Tucson.
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SNPO | Hot Stocks08:24 EDT Snap One announces three appointments to board of directors - Snap One announced the appointments of Dr. Annmarie Neal, Adalio Sanchez, and Amy Steel Vanden-Eykel to its Board of Directors, effective January, June, and July 2021, respectively. Supporting the Company's expanded responsibilities and needs after its recent public listing in July, these new board members will serve on various committees and provide strategic oversight to the business. Sanchez and Neal serve as Class II directors, and Vanden-Eykel serves as a Class III director.
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EBS | Hot Stocks08:22 EDT Emergent BioSolutions secures multi-year development agreement with Providence - Emergent BioSolutions and Providence Therapeutics announced they have entered into a five-year contract development and manufacturing, or CDMO, services agreement spanning Emergent's integrated capabilities, including development services, bulk drug substance formulation and drug product manufacturing, to support Providence's COVID-19 messenger RNA vaccine development. In 2022, Emergent will manufacture tens of millions of doses of PTX-COVID19-B drug product, as well as batches of PTX-COVID19-B formulated bulk drug substance with the potential to yield hundreds of millions more doses, for global populations in need of pandemic relief. Under the terms of the five-year agreement, Emergent will provide current Good Manufacturing Practice manufacturing services for two presentations of the PTX-COVID19-B vaccine product, both the formulated bulk drug substance and finished drug product, at Emergent's facility in Winnipeg, MB, Canada. Additional process and analytical development services will occur from Emergent's Center of Excellence for Development Services in Gaithersburg, Maryland. The baseline agreement signed between Emergent and Providence Therapeutics is valued at approximately $90M, covering manufacturing services, studies to support global supply chain activities, as well as facility and equipment investments.
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VITL | Hot Stocks08:22 EDT Vital Farms to host investor day on September 28 - Vital Farms announced that it will host an Investor Day on Tuesday, September 28, 2021 at Egg Central Station, its egg washing and packing facility in Springfield, MO. Vital Farms will host a webcast and presentation at 9:00 a.m. ET with members of the leadership team. The presentation will review updates across the business including an in-depth look at the company's differentiated supply chain.
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APRE | Hot Stocks08:20 EDT Aprea Therapeutics to present data from Phase 1/2 trial of eprenetapopt - Aprea Therapeutics announced an upcoming presentation of data for eprenetapopt in combination with pembrolizumab for the treatment of advanced solid tumors at the European Society of Medical Oncology Congress 2021 from September 16 - 21, 2021
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ATAI | Hot Stocks08:20 EDT Atai Life Sciences' Perception Neurosciences initiates Phase 2a of PCN-101 - Perception Neuroscience, an atai Life Sciences biopharmaceutical company, announced the initiation of a Phase 2a clinical study to evaluate the safety and efficacy of PCN-10. R-ketamine is a stereoisomer of ketamine being developed for therapeutic treatment of psychiatric disorders such as Treatment Resistant Depression. The Phase 2a clinical trial has received the necessary regulatory and ethics approvals to initiate the study. The Phase 2a trial is a double blind, placebo-controlled study in patients with TRD. Each of the 3 parallel arms will enroll 31 patients at multiple locations. Patients will receive either placebo, a 30 mg dose, or a 60 mg dose of R-ketamine intravenously. Patients will be assessed for depressive symptomology over the subsequent 14 days using the Montgomery-Asberg Depression Rate Scale, or MADRS. Topline data from the study is expected to be reported at the end of 2022.
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TWST | Hot Stocks08:19 EDT Twist continues to deliver synthetic RNA controls to fight Covid Delta+ variants - Twist Bioscience announced that it has started shipping its synthetic RNA reference controls for the SARS-CoV-2 AY.1 and AY.2, more commonly known as Delta Plus. Positive synthetic controls are robust reference tools used to confirm the accuracy of an assay and in the case of COVID, help classify and characterize virus samples. "We continue to update our synthetic controls for the latest variants of concern and variants of interest, monitoring the viral evolution to ensure we offer the tools to develop accurate tests in a timely manner," said Emily M. Leproust, Ph.D., CEO and co-founder of Twist Bioscience. "We now offer a total of 22 SARS-CoV-2 synthetic RNA controls in addition to 15 respiratory virus controls, to meet the needs of researchers globally."
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NUWE | Hot Stocks08:18 EDT Nuwellis reports inducement grants under Nasdaq listing rule - Nuwellis announced that, effective September 13, 2021, the independent directors approved an equity award under Nuwellis' 2021 Inducement Plan, as a material inducement to an individual entering into employment with the company. The equity award was approved in accordance with NASDAQ Listing Rule 5635(c)(4), which also requires a public announcement of equity awards that are not made under a stockholder approved equity plan. In connection with entering into employment with Nuwellis, Inc., the individual, who was not previously an employee or director of Nuwellis, received an option to purchase an aggregate of 5,965 shares of the company's common stock. The option award has an exercise price of $4.02 per share, the closing price of Nuwellis' common stock on September 13, 2021, the date of the grant. The option has a ten-year term and vests over a period of four years, with 25% vesting one year after the date of grant and the remaining 75% vesting in 36 approximately equal monthly increments, provided the new hire's employment is continuing on each such date, and subject to acceleration or forfeiture upon the occurrence of certain events as set forth in the new hire's option agreement.
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SERA | Hot Stocks08:18 EDT Sera Prognostics announces publication of health economic analysis on PreTRM - Sera Prognostics, The Pregnancy Company, announced the publication of a clinical and economic analysis using actual claims data from a broad population of Anthem affiliated health plans to assess the potential value of the PreTRM test-and-treat strategy. The study conservatively modeled the PreTRM strategy, consisting of testing and proactive evidence-based interventions, within Anthem claims data from individual and employer-sponsored plans, and showed both improved neonatal outcomes and reduced immediate and long-term treatment costs associated with premature birth, when compared to routine care. These results were published in the peer-reviewed journal ClinicoEconomics and Outcomes Research in an article entitled "Cost-Effectiveness of a Proteomic Test for Preterm Birth Prediction." The study analysis was conducted by Sera in partnership with HealthCore, using claims data of more than 40,000 pregnant women and infants who were members of individual and employer-sponsored Anthem health plans. The analysis evaluated the PreTRM test-and-treat strategy by modeling the application of the PreTRM test during weeks 19 or 20 of pregnancy, and assessed the benefit of proactive interventions consisting of more intensive case-management and monitoring, as well as pharmacologic interventions for women identified as higher-risk by the test, whereas usual care was assumed for any women without higher PreTRM risk. Based on the study's estimated net cost savings to the healthcare system of $863 saved per pregnant woman, the authors estimate that more than $850M could be saved annually in U.S. individual and employer-sponsored health plans, assuming full uptake of the test-and-treat strategy.
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RDHL | Hot Stocks08:18 EDT RedHill Biopharma announces preliminary data from Phase 2/3 study with opaganib - RedHill Biopharma announced preliminary top-line data from the 475-patient global Phase 2/3 study with opaganib in hospitalized patients with severe COVID-19 pneumonia. Preliminary top-line data showed that the study did not meet its primary endpoint. Analysis of the study efficacy endpoints did show trends in favor of the opaganib arm vs. placebo across multiple endpoints, including the primary endpoint, despite not achieving statistical significance. Top-line safety data showed good tolerability of opaganib, with balanced adverse events between the study arms. These findings, together with preliminary analysis pointing to increased benefit in a subset of patients requiring less oxygen, could support the potential utilization of opaganib in earlier stages of the disease and are in line with the previously announced results from the U.S. Phase 2 study and the previously observed antiviral activity of opaganib. The top-line results from the Company's Phase 2/3 study with opaganib are preliminary in nature, as they are based solely on top-line information provided to the Company by an independent third-party contractor. Opaganib is a novel small molecule investigational drug in oral pill form. Opaganib has a unique dual antiviral and anti-inflammatory mechanism of action that acts on the viral cause and inflammatory effect of COVID-19.
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PTOTF | Hot Stocks08:17 EDT Patriot One Technologies enhances MSG patron screening technology - Patriot One Technologies announced it has released the next phase of its threat detection multi-sensor gateway with technology enhancements that make it increasingly accurate, flexible and practical for sports and entertainment venues. MSG is a weapons detection scanner that stadiums and entertainment venues can deploy at points of entry. Unlike traditional metal detectors, the system uses sensors and purpose-designed artificial intelligence to scan for prohibited items such as guns and other weapons, accurately and unobtrusively at entry points. This eliminates the need for every patron to stop to empty their pockets and bags, which dramatically increases the rate at which people can enter facilities - improving the patron experience and maximizing revenue opportunities for venue operators, without compromising security. The new version of MSG includes additional sensing capabilities and AI features that further improve weapons-detection accuracy, including further improved detection for small weapons including knives, lower false alarm rates due to heavier clutter in pockets, and directional alerting. The new release also includes requested features to further optimize security personnel requirements, activities, and processes.
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OPK | Hot Stocks08:16 EDT Opko Health, LeaderMed Group form joint venture for oxtntomodulin - LeaderMed Health Group and OPKO Health announce the formation of a joint venture to develop, manufacture and commercialize two of OPKO's clinical stage, long-acting drug products in Greater China and eight other Asian territories. Under the terms of the agreements, OPKO will grant the joint venture exclusive rights to develop, manufacture and commercialize OPK88003, an oxyntomodulin analog being developed for the treatment of obesity and diabetes, and Factor VIIa-CTP, a novel long-acting coagulation factor being developed to treat hemophilia, in exchange for a 47% ownership interest in the joint venture. In addition, OPKO will receive an upfront payment of $1 million and will be reimbursed for clinical trial material and technical support it provides the joint venture. LeaderMed will be responsible for funding the joint venture's operations, development and commercialization efforts and will, with its syndicate partners, initially invest $11 million in exchange for a 53% ownership interest. OPKO retains full rights to oxyntomodulin and Factor VIIa-CTP in all other geographies.
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MRAC ENJY | Hot Stocks08:15 EDT Marquee Raine Acquisition, Enjoy adjust pro forma EV to $1.06B from $1.18B - Marquee Raine Acquisition Corp. (MRAC) and Enjoy Technology (ENJY) announced they have filed an updated investor presentation on Form 8-K with the SEC in connection with the previously announced business combination between Marquee Raine and Enjoy. The investor materials outline Enjoy's recent business developments and operating performance, including: Enjoy is launching a complete Smart Last Mile solution in North America in Q4 2021. This transformational change will enable Enjoy to access significantly more inventory and address a larger share of its partners' customer demand. Enjoy plans to serve all existing U.S. markets with this solution in time for the 2021 holiday season. In response to requests from its partners, Enjoy plans to expand to more than 45 new markets across North America by the end of 2022. With this substantial geographic expansion, Enjoy will serve a total of approximately 100 markets in North America and expand its global population coverage from 200 million to about 235 million addressable customers. Continued expansion with Apple during Summer 2021 triples Enjoy's reach with Apple to cover more than 67 million total addressable consumers in 14 markets. To meet these expansion needs, Enjoy is pulling forward $10 million of investment to increase certainty it can begin 2022 with more than 1,000 mobile stores. This investment gives Enjoy great confidence in its 2022 plan and path to achieve company-level profitability in 2023. Enjoy currently expects to achieve 2021 forecast revenue of $109 million. With a Q2 2021 revenue per visit exit rate of $77 globally, and $84 in North America, Enjoy continues to have confidence in achieving its 2021 and 2022 revenue per visit forecasts. Enjoy expects to achieve mobile store profitability in Q4 2021.Enjoy has secured commitments from current and key investors of up to $100 million at $10.00 per share, if necessary as a result of shareholder redemptions. Reflecting current market conditions, Enjoy and Marquee Raine have adjusted the combined company's approximate pro forma enterprise value from $1.18 billion to $1.06 billion. Marquee Raine and Enjoy expect the business combination to be completed [early] in the fourth quarter of 2021. Upon completion of the transaction, the combined company will operate as Enjoy Technology Inc., and its common stock and warrants will be listed on the Nasdaq stock exchange under the new ticker symbols "ENJY" and "ENJYW," respectively.
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AAP | Hot Stocks08:15 EDT Advance Auto Parts teams with Bridgestone for DieHard Battery transition - Advance Auto Part and Bridgestone Retail Operations announced a multi-year agreement where BSRO will stock DieHard batteries in its more than 2,200 tire and vehicle service centers across the United States. As part of the agreement, BSRO, which operates under the brands Firestone Complete Auto Care, Tires Plus, Hibdon Tires Plus, and Wheel Works, will carry and install the DieHard range of Silver, Gold, Platinum and Platinum AGM batteries. The systemwide stocking rollout was completed in July. "Thousands of motorists trust their vehicles to Bridgestone technicians each day," said Bob Cushing, Advance's executive vice president, professional. "We're proud that Bridgestone has entrusted Advance with its battery business through our iconic DieHard brand. On behalf of everyone at Advance, we look forward to partnering with Bridgestone and providing customers and their vehicles with the power, reliability and durability of DieHard batteries."
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TDY | Hot Stocks08:14 EDT Teledyne launches Teledyne Geospatial group - Teledyne announces the launch of a geospatial group with the unification of its Optech and CARIS businesses. The new Teledyne Geospatial group will offer holistic solutions to seamlessly map land and sea through the integration of industry-leading lidar sensors combined with world-renowned software workflows. Teledyne Optech has been a world leader in the design, development and manufacture of advanced lidar instruments for more than 45 years. And for over four decades, Teledyne CARIS has developed market-dominating software for the marine GIS community. This collaboration provides customers with a competitive edge in mapping and delivering data products inside of one complete workflow. Ease of collection and processing, through to final product, is enhanced with efficiency-driving AI algorithms and real time quality control. Ongoing collaborations with other Teledyne businesses extends the geospatial capabilities even further. The CZMIL SuperNova, the first product from Teledyne Geospatial, integrates Optech's bathymetric lidar with CARIS' comprehensive processing software providing the highest performing bathymetric lidar system in the world.
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KRON GILD | Hot Stocks08:14 EDT Kronos Bio appoints Kottle as senior VP of Corporate Communications - Kronos Bio (KRON) announced the appointment of Marni Kottle as senior vice president of Corporate Communications and Investor Relations. Kottle brings to the role more than two decades of experience in corporate communications and as a journalist covering the biopharmaceutical industry. Prior to Kronos Bio, Kottle was vice president of Corporate Communications at Gilead Sciences (GILD), where she was responsible for the company's corporate brand, financial communications, media and social media strategies, and employee communications.
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MDNA | Hot Stocks08:13 EDT Medicenna Therapeutics doses first patient in MDNA11 Phase 1/2 ABILITY study - Medicenna Therapeutics announced the initiation of dosing of patients in the Phase 1/2 ABILITY study of MDNA11, the Company's selective, long-acting and novel IL-2 super-agonist. The study is designed to assess the safety, PK, PD, and anti-tumor activity of various doses of intravenously administered MDNA11 in patients with advanced solid tumors and includes an MDNA11 monotherapy arm, as well as a combination arm designed to evaluate MDNA11 with a checkpoint inhibitor. The ABILITY study is currently enrolling patients at clinical trial sites in Australia with expansion to additional sites planned in the United States, Canada, and the United Kingdom. Medicenna expects the remaining regulatory submissions for these jurisdictions to be completed this calendar year. The ABILITY study plans to enroll at least 80 patients with advanced, relapsed, or refractory solid tumors. Patients will receive MDNA11 via intravenous administration in an out-patient setting. Following establishment of the recommended dose and treatment schedule, Medicenna plans to enroll expansion cohorts of patients with renal cell carcinoma and melanoma along with a cohort of patients with other solid tumors in monotherapy and combination settings. A preliminary update on safety, PK/PD, and biomarker data from early cohorts of patients enrolled in the dose escalation phase of the ABILITY Study this year is expected by the end of calendar 2021. Preliminary efficacy updates from the study are expected at various times during calendar 2022.
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INFN | Hot Stocks08:12 EDT GEANT deliver 800G transmission on research, education network with Infinera - Infinera announced that GEANT completed a live network trial of 800G transmission on its pan-European production network. Powered by Infinera's industry-leading ICE6 800G coherent technology on the GX Series Compact Modular Platform, this trial demonstrated the ability of GEANT's network to massively increase capacity and scale significant amounts of bandwidth to meet the growing needs of the research community. "Infinera's ICE6 800G coherent solution demonstrated superior performance in increasing optical reach and capacity, demonstrating its ability to help us accelerate service for the research and education community to meet their critical needs. This trial clearly shows the value of Infinera's innovative technology, and we are pleased to trial this technology with a trusted partner," said Bram Peeters, Chief Network Operations Officer, GEANT.
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AAWW | Hot Stocks08:11 EDT Atlas Air, DHL Express extend agreements for 20 freighters - Atlas Air announced it has entered into contract extensions with DHL Express to continue operating 20 freighter aircraft in support of their fast-growing express and e-commerce markets. These agreements build on the long-standing strategic partnership between Atlas Air Worldwide and DHL, which began in 2008 and included DHL acquiring 49% of AAWW's subsidiary, Polar Air Cargo, as well as a long-term agreement for six dedicated 747-400Fs to operate on key Trans-Pacific routes. The partnership has grown significantly over the years, and under these extended agreements, Atlas Air will continue to operate four different aircraft platforms for DHL Express, including: Six Boeing 747-8 freighters; Two Boeing 747-400 freighters; Eight Boeing 777-200 freighters; Four Boeing 767-300 freighters.
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BEEM | Hot Stocks08:10 EDT Goleta, California orders Beem Global EV ARC charging system for public EVs - Beam Global announced that the City of Goleta in California has ordered an EV ARC solar-powered EV charging system to be placed at Goleta City Hall for public EV charging. The system was funded in part by grants from the Santa Barbara County Air Pollution Control District and California Governor's Office of Emergency Services, and was purchased through California Contract #1-18-61-16 which simplifies the procurement process and ensures best pricing. The City of Goleta's EV ARC unit is equipped with a ChargePoint Dual Port charger and can power up to 265 e-miles of driving in a day. The EV ARC system generates and stores its own clean electricity and delivers that electricity to power EVs, day or night, and during inclement weather and power outages. The transportable but permanent unit includes the Emergency Power Panel option for first responder use during blackouts or in locations where there is no utility connection available. Requiring no connection to the utility grid, Beam Global products eliminate disruptive construction projects, costly electric circuit upgrades and utility charges to deliver significant long-term savings to city budgets. "The California Contract is fast becoming a key EV ARC purchasing vehicle for local and state government entities, across the US not just in California, who can now take advantage of best pricing negotiated by the State of California," said Beam Global CEO Desmond Wheatley. "The City of Goleta is saving tax-payer dollars by selecting a system that requires no electrical work, no construction and generates no utility bill. Residents and visitors to Goleta can have access to sustainable EV charging, and enjoy Driving on Sunshine."
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ADI | Hot Stocks08:08 EDT Analog Devices appoints Janene Asgeirsson as Chief Legal Officer - Analog Devices has appointed Janene Asgeirsson as the company's new Senior Vice President, Chief Legal Officer and Corporate Secretary. Asgeirsson is a highly accomplished legal advisor with more than 20 years of experience in corporate law. She will be responsible for overseeing ADI's legal matters, including M&A, litigation, intellectual property, governance, compliance and corporate matters. She is also responsible for the company's internal audit and risk functions in her capacity as Chief Risk Officer.
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SGH | Hot Stocks08:08 EDT Penguin Computing awarded two contracts totaling $68M from DoD HPCMP - Penguin Computing announced that it has been awarded two contracts totaling $68M from the Department of Defense High Performance Computing Modernization Program to deliver Penguin Computing's TrueHPC supercomputing platform, plus managed services and high-performance storage, to the Navy DSRC and AFRL DSRC sites.
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MAPS | Hot Stocks08:08 EDT WM Technology acquires Sprout CRM and marketing platform - WM Technology announced that it has acquired Sprout, a cloud-based CRM and marketing platform for the cannabis industry. WM Technology's acquisition of Sprout reinforces the company's end-to-end operating system.
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IBEX | Hot Stocks08:07 EDT Ibex announces entry into Honduras, teams with Grupo Karim - ibex announced its entry into Honduras with the scheduled opening of its new customer experience delivery center in the heart of Tegucigalpa. "In two short years, we have seen our nearshore and offshore capacity grow by 125 percent. This has helped position ibex as a leader of BPO and CX services across both Nicaragua and Jamaica," said Bob Dechant, CEO, ibex. "We are excited to leverage this success in those two countries with our entry into Honduras, our seventh country, providing immediate impact to the local economy with hundreds of new jobs, while adding yet another CX delivery center to support our growing list of clients and accelerate growth in our high margin regions." ibex is expected to hire more than 400 people in the next month to open and operate the new Honduras delivery center, with plans to grow the facility and its employee base to over 2,000 employees in the next two years. To support the overall effort, ibex has teamed with Grupo Karim's to help with present and future facility growth, as well as recruiting efforts, local government relations and associated registration requirements. The new facility, located in the Novacentro Mall at Centro Comercial Los Proceres, entre Boulevard Morazan y Avenida La Paz, is scheduled to open in November of this year. Currently, ibex is working to establish a local management team, with agent hiring to begin next month.
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QUOT | Hot Stocks08:07 EDT Quotient and Figg team to bring new product savings to 100M+ shoppers - Quotient announced its digital, product-level promotions will now be available to more than 100M+ enrolled cardholders through a new partnership with Figg. Figg is a leading transaction-based digital advertising platform company for financial institutions, banks, fintechs and digital platforms in the United States. SKU-level rebates available on Quotient's national network will now be available for cardholders across Figg's bank and publisher network. This new partnership with Figg enables enrolled cardholders to access grocery offers from Quotient's 2,000+ brand partners, including Clorox, General Mills, and Unilever, complementing Figg's existing restaurant, retail and entertainment offer portfolio. Quotient's innovative promotions platform enables Figg to provide more value to cardholders with product-specific offers. Shoppers simply use an enrolled card and experience seamless personalized savings-rebates selected will be digitally matched with the shoppers' credit and debit card purchases-with no additional steps. Consumer packaged goods, CPG, brands will see increased promotional reach through this partnership, and retailers will benefit as promotions that are already on their websites will now also be available to Figg's 100M+ enrolled cardholders. "This integration enables us to provide savings to a larger audience in a new space. We are excited to expand reach for our brand and retail customers, and continue to offer more innovative, personalized and sophisticated alternatives to promotional tactics like printed free-standing inserts," said Steven Boal, CEO and Founder at Quotient. "Figg is a great partner for us to provide grocery rebates to financial institution cardholders, creating easier access for consumers to find savings in their shopping journey and giving them more value from everyday purchases."
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NOA | Hot Stocks08:07 EDT North American Construction announces $275M oil sands contract award - North American Construction Group announced a contract award to Mikisew North American Limited Partnership by a major oil sands producer. The contract effectively extends the existing master service agreement between NACG and the producer to December 2023 but transitions to MNALP as the contractor. NACG anticipates the contract to generate approximately $275 million in revenue for NACG over the term of the agreement. The contract award results in NACG's combined backlog increasing to approximately $1.9B which is another record level for the Company. Furthermore, this transition of scope to an Indigenous partnership continues NACG's positive trend in meeting and exceeding our goals as set out in our annual Sustainability Report.
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MGNI FUBO | Hot Stocks08:06 EDT FuboTV selects Magnite as preferred SSP - Magnite (MGNI) announced that fuboTV (FUBO), the leading sports-first live TV streaming platform, has selected Magnite to serve as its preferred sell-side platform.
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SPOK | Hot Stocks08:05 EDT Spok postpones Investor Day Program amid strategic alternatives review process - Spok announced that its Investor Day Program, previously scheduled for October 11, has been postponed until further notice due to the company's ongoing strategic alternatives review process as announced on September 3. The company's Connect 21 conference for Spok customers will be held virtually on October 11-12 and certain sessions will be made available to the investment community subsequent to the event. The company will provide more details in the future.
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NVEE | Hot Stocks08:05 EDT NV5 Global selected by US Geological Survey for contract valued up to $850M - NV5 Global announced that the US Geological Survey, or USGS, has selected NV5 for a multiple-award indefinite delivery contract with a ceiling of $850M for Geospatial Product and Services Contract, or GPSC4. Services provided under the GPSC4 contract support federal, state, and municipal government entities that partner with the USGS for their geospatial data requirements. GPSC4 supports multiple federal and state programs including the 3D Elevation Program, FEMA Flood Mapping, 3D National Hydrography Program, and Earth Mapping Resources Initiative. Under the contract, NV5 will provide advanced geospatial data acquisition, processing, and analytics utilizing leading-edge technologies such as topographic lidar, riverine and coastal topo-bathymetric lidar, multispectral imagery, geophysical surveying, and elevation-derived hydrography. "Since 1997, NV5 Geospatial has supported the USGS as the nation's leading resource for geospatial data by delivering the latest geospatial technologies and data analytics to the USGS and its partners," said Dickerson Wright, PE, Chairman and CEO of NV5. "Services provided under the GPSC4 contract will support water quality and conservation, floodplain and coastal management, sea level rise, natural resource conservation, infrastructure management, aviation safety, and renewable energy." The GPSC4 contract has a maximum duration of five years and is the successor to GPSC3. NV5 was awarded $135M in revenue on the GPSC3 contract over a period of five years. GPSC contracts are AE qualifications-based awards, and NV5 has held consecutive contracts for over 20 years.
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ECOR | Hot Stocks08:04 EDT electroCore announces 510(k) clearance of gammaCore nVNS - electroCore announced that on September 10, 2021 the company received Section 510(k) clearance from the United States Food and Drug Administration of the company's submission to expand the label of gammaCore nVNS to include the treatment of Paroxysmal Hemicrania and Hemicrania Continua in adults. PH and HC are both rare forms of trigeminal autonomic cephalalgias (TAC), that are typically debilitating and difficult to treat. The most common type of TAC is cluster headache. gammaCore is also indicated for both the acute and preventative treatment of cluster headache, where it is considered a first-line treatment option. The label expansion was based on data collected from multiple clinical audits and case series/case reports that included patients with PH or HC. These included a total of 14 patients with PH and 19 patients with HC. 79% of the patients experienced clinically meaningful benefits from gammaCore for each indication, including decreases in the severity of persistent pain and/or reductions in the frequency, severity, and/or duration of exacerbations or attacks. Many subjects reported more than one clinical benefit. There were no serious or unexpected adverse events reported.
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ISPC | Hot Stocks08:04 EDT iSpecimen to be included in Russell Microcap Index at open on 9/20 - iSpecimen announced that it will be included in the Russell Microcap Index, effective after the U.S. market opens on September 20, as part of the 2021 Russell indexes reconstitution.
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OPRX | Hot Stocks08:03 EDT OptimizeRx announces launch of Therapy Initiation Workflow - OptimizeRx announced the launch of its new Therapy Initiation Workflow, a digital solution focused on accelerating patient access to treatments where time-consuming medical documentation is required of healthcare providers prior to pharmacies dispensing prescribed drugs. The new platform enhancement particularly supports the fast-growing area of specialty medications. In-line with the major digitization paradigm shift across healthcare, this technology enhancement allows life sciences companies to simplify therapy initiation by presenting HCPs with a fully electronic option synchronizing enrollment, benefits verification, prior authorization, and patient support onboarding.
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NBSE | Hot Stocks08:03 EDT NeuBase Therapeutics appoints Rossomando as Chief Technology Officer - NeuBase Therapeutics announced the appointment of Anthony Rossomando, Ph.D., as Chief Technology Officer. Rossomando has more than 25 years of experience as a biopharmaceutical drug developer who has led teams from start-up to global biotechnology companies that have established the upstream and downstream process development of biologics and peptide molecules. At NeuBase, Rossomando will be responsible for manufacturing and process development, analytical development, and biophysical characterization in support of FDA regulatory submissions. Prior to joining NeuBase, Rossomando was Chief Process Development Officer at Pinetree Therapeutics.
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EDAP | Hot Stocks08:02 EDT EDAP TMS announces multiple abstracts comparing HIFU to surgery - EDAP TMS announced that the company's Focal One and ExactVu technologies were featured in several poster presentations at the American Urological Association 2021 Annual Meeting, which was held virtually from September 10-13. EDAP was a Gold sponsor of the event. Details of two noteworthy presentations are as follows: Title: Focal Ablation Versus Radical Prostatectomy for Intermediate-Risk Prostate Cancer: Interim Analysis of a Randomized Controlled Trial. Summary: This is the first randomized controlled clinical trial comparing focal therapy with robotic surgery. The data suggest that at one-year post treatment, Focal One achieved good oncological efficacy while preserving erectile function and urinary continence better than radical prostatectomy. Title:High-Intensity Focused Ultrasound vs Radical Prostatectomy in the Curative Treatment of ISUP 1-2 Localized Prostate Cancer: Oncological Intermediate Results of the HIFI Study Summary: In this prospective comparative study sponsored by the French Association of Urology and financed by the French Ministry of Health, 3364 patients were prospectively included across 42 French treatment centers. The intermediate results presented show a salvage-treatment-free survival rate significantly higher in the HIFU arm compared to the radical prostatectomy arm.
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LEN | Hot Stocks08:02 EDT Chris Marlin steps down as President of Lennar International - Chris Marlin has stepped down as President of Lennar International after eight years in the role. Marlin founded Lennar International as the foreign home sales and marketing arm of Lennar Corporation and a leader in global capital sourcing. Marlin will remain involved in real estate investment, focusing on foresight and risk strategies with an emphasis on ClimateTech and PropTech. He recently was named a strategic advisor and member of the Board of Directors of Singapore-based ClimateAlpha.ai, an AI-driven software and advisory firm that leverages machine learning to produce price and other forecasts for real estate assets, including climate impacts. Marlin also will advise Vesta Ventures, a residential sector early-stage investment fund.
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LDOS | Hot Stocks08:01 EDT Leidos awarded $65M PRPS III prime contract by IRS - Leidos was recently awarded the Paper and Remittance Processing Support, or PRPS, III prime contract by the Internal Revenue Service, or IRS. Through this contract Leidos will support two IRS systems to streamline the processing of paper tax filings, information returns and remittances. The single-award, firm fixed-price task order holds an approximate value of $65M. The scope of this contract work includes assisting the IRS's four service centers by providing software engineering support, testing and quality assurance and both mission operation and maintenance services.
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CBOE | Hot Stocks07:51 EDT Cboe FX Markets launches algorithmic service in collaboration with XTX Markets - Cboe FX Markets, a Cboe Global Markets company, announced the launch of a hosted algorithmic execution service in collaboration with leading electronic liquidity provider XTX Markets. This service will help enable Cboe FX participants to access the XTX Markets Execution Algo, which is designed to alleviate implementation shortfall, via the Cboe FX ECN. Cboe FX has been granted exclusive rights over use of the XTX Algo in the anonymous ECN space and this service is available for execution of the most actively traded pairs in the spot FX market. Cboe FX participants can access the XTX Algo on an anonymous or disclosed basis via the Cboe FX ECN using their existing Cboe FX technology and legal arrangements.
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KRNT | Hot Stocks07:48 EDT Kornit Digital releases 2020 Impact and ESG Report - Kornit Digital released its 2020 Impact and Environmental, Social, and Governance Report. This inaugural report affirms Kornit's commitment to achieving specific ESG goals. This includes the way Kornit conducts business, creates meaningful impact in local communities, and achieves environmental sustainability, in addition to how Kornit will continue to build a diverse and inclusive company culture, foster employee growth and development, and empower fair and safe labor practices globally. In addition to enabling eco-friendly production processes with technology and consumables that use less water, reduce waste, and minimize the carbon footprint, Kornit technology solutions enable sustainable production on demand, which eliminates overproduction of apparel and other textile goods. A 2021 Life Cycle Assessment conducted on two flagship products, the Kornit Atlas MAX and Kornit Presto S, demonstrated that relative to traditional analog processes, Kornit's digital production systems used up to 95% less water and 94% less energy, and produced up to 83% less greenhouse gas emissions for the Presto S system and up to 93% less water and 66% less energy, and produced up to 82% less greenhouse gas emissions for the Atlas MAX system. Based on this study, in addition to past sustainability performance results and strategic projections for business growth and market expansion, by 2026 Kornit Digital's sustainable on-demand solutions are expected to enable the production of approximately 2.5 billion apparel items in a responsible manner to deliver: Zero overproduction: By moving the industry to on-demand manufacturing, Kornit will help eliminate the estimated 1.1 billion apparel items overproduced using traditional production methods, based on an industry average of 30% overproduction. This is about 1 apparel item for each and every person living in Europe and North America - saved. Zero water waste: In addition to eliminating overstocks, Kornit-enabled production on demand will support saving an estimated 4.3 trillion liters of water. This is the estimated amount of drinking water needed for the entire U.S. population for 11 years. Reduced CO2 emissions: By enabling sustainable on-demand production, consuming less energy, and generating less waste, Kornit will prevent an estimated 17.2 billion kilograms of greenhouse gas emissions, compared to traditional manufacturing methods. This is equivalent to the estimated amount of carbon dioxide emitted from circumnavigating the entire planet with a car nearly 2,400 times. Furthermore, the report outlines Kornit's commitment to achieving KPIs that address waste, chemicals, GHG emissions, energy, product development, employee training, diversity and inclusion, and the company's supply chain.
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J | Hot Stocks07:46 EDT Jacobs awarded $320M contract by the National Geospatial-Intelligence Agency - Jacobs was awarded a contract by the National Geospatial-Intelligence Agency, or NGA, to provide mission-driven and data-centric solutions in support of Geospatial-intelligence Enterprise OpenDataStore, or GEODS, services. The single-award indefinite delivery/indefinite quantity, or IDIQ, contract value is estimated at $302M across a seven-year ordering period.
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DPRO | Hot Stocks07:46 EDT Draganfly appoints Kevin Kaplan to board of advisors - Draganfly is pleased to announce that Dr. Kevin Kaplan, head team physician for the NFL Jacksonville Jaguars, has joined as a member of the Board of Advisors to help further Draganfly's Vital Intelligence AI technology for health safety in school and sport settings.
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DOCRF | Hot Stocks07:42 EDT CloudMD partners with 19 post-secondary institutions for mental health programs - CloudMD Software & Services announced that it has partnered with 19 new post-secondary institutions across Canada to provide its Aspiria Student Assistance Program and multi-layered mental health resources to over 167,000 additional students. With growing mental health concerns surrounding the pandemic and students returning back to school, CloudMD is onboarding the network of colleges and universities of various sizes ranging from 200 students to 48,000 students to provide additional resources to support the increased demand for mental health programs for younger individuals.
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PCLOF | Hot Stocks07:41 EDT Pharmacielo gets confirmation of Colombian phytotherapeutics GMP certification - PharmaCielo announced that it has achieved Colombian GMP Certification for Phytotherapeutics manufactured with its extracts and proprietary cultivars from the Colombian National Food and Drug Surveillance Institute. The Company's Rionegro facility is Colombia's largest cannabis processing centre, and one of the largest in the world today, capable of processing 360 tonnes of biomass annually. Effective September 14, 2021, the Company has granted an aggregate of 1,375,000 Restricted Share Units and an aggregate of 550,000 stock options to directors, officers and employees. The options vest over three years, are exercisable at a price of $1.25 per share and expire five years from the date of grant. 1,125,000 RSUs vest immediately and 250,000 RSUs vest one year from the date of grant. The RSUs and options are granted pursuant to the Company's RSU plan and stock option plan, respectively.
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FSV | Hot Stocks07:40 EDT FirstService announces subsidiary acquired Insurance Restoration Specialists - FirstService Corporation announced that its subsidiary, First Onsite Property Restoration, has recently acquired Insurance Restoration Specialists. Terms of the transaction were not disclosed. "This transaction follows on the heels of our prior acquisition of Manhattan-based Maxons Restorations. The addition of IRS provides us with greater capabilities to serve the marquee New York City market and the broader Tri-State region of New York, New Jersey and Connecticut," said Stacy Mazur, First Onsite CEO, U.S. "The strong, collaborative leadership at IRS, combined with their deep customer relationships and environmental experience in key practice areas, provides a seamless fit with our operations. We look forward to having them join the First Onsite team," he concluded.
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PNT | Hot Stocks07:40 EDT Point Biopharma and Convergent Therapeutics announce collaboration - Convergent Therapeutics and POINT Biopharma Global announced a collaboration to evaluate the combination of CONV 01-alpha, or 225Ac-J591, or rosopatamab-225Ac, Convergent's antibody directed at prostate-specific membrane antigen, or PSMA, coupled with Actinium-225, or 225Ac, an alpha particle emitter and POINT's PSMA radioligand PNT2002 linked to Lutetium-177, or 177Lu, a beta particle emitter in men with progressive metastatic castration-resistant prostate cancer, or mCRPC, in a Phase I/II investigator-initiated trial. The study has begun patient accrual and is being conducted at Weill Cornell Medicine with Dr. Scott T. Tagawa, Professor of Medicine and Professor of Medicine in Urology at Weill Cornell Medicine, as Principal Investigator. The Phase I/II trial is enrolling up to 33 patients with progressive mCRPC who have received a prior androgen receptor signaling inhibitor and taxane chemotherapy and are PSMA PET-positive.
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PROBF | Hot Stocks07:39 EDT Probe Metals names Ann Lamontagne director, environment, sustainability - Probe Metals announced the appointment of Ms. Ann Lamontagne as the director of infrastructure, environment and sustainability. Lamontagne is a civil engineer with a PhD in Mining Environment from the department of Mines & Metallurgy Engineering at Laval University. She has worked for several mining consulting firms, including SNC-Lavalin and Golder, and founded her own company, Lamont Inc. in 2010. As a consultant she was involved in a broad spectrum of mining projects, predominantly as a project manager for geotechnical and environmental programs. Since 2007, she has been increasingly involved in the permitting processes for mining projects, interacting with proponents, legislators, governmental officials, legal, and stakeholders.
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PROG | Hot Stocks07:39 EDT Progenity announces patent granted by USPTO for preeclampsia test - Progenity announced that the United States Patent and Trademark Office, or USPTO, has issued U.S. Patent No. 11,112,403 for assessment of preeclampsia using assays for free and dissociated placental growth factor. The patent is directed to methods, compositions, and kits for detecting and measuring free and dissociated placental growth factor, or PIGF, levels in biological samples. "We are pleased the USPTO has granted this patent covering unique and novel methods for determining levels of free and dissociated PlGF, since detection and quantification of both biomarkers are critical for assessing preeclampsia. This discovery helped drive the excellent performance we observed in our clinical verification and validation studies," said Matthew Cooper, PhD, chief scientific officer of Progenity. "Patent protection is important as we pursue partnership opportunities for commercialization of the Preecludia(TM) test for the benefit of physicians and their patients." The Preecludia test is expected to target an addressable market of up to $3B annually in the United States. In addition to the laboratory-developed test immunodiagnostic under development, this test has potential as an in vitro diagnostic and point-of-care solution globally.
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CVAC | Hot Stocks07:39 EDT CureVac streamlines European network for mRNA product manufacturing - CureVac announced its strategic decision to adjust the long-term footprint of the external European manufacturing network for its mRNA product pipeline. The decision was made in response to the reduced short-term peak demand for vaccines following the first wave of the pandemic vaccination efforts and corresponding changes in the demand of its first-generation COVID-19 vaccine candidate, CVnCoV, currently under regulatory review with the European Medicines Agency, EMA. As a result, the existing contracts with WACKER for the manufacturing of the mRNA drug substance of CVnCoV and Celonic for the manufacturing and formulation of the mRNA drug substance of CVnCoV will be terminated. CureVac's existing agreements with Rentschler Biopharma and Novartis for mRNA production and formulation are unaffected by this adjustment and remain in place. Streamlining of capacity does not limit availability of clinical trial material for CV2CoV, the second-generation COVID-19 vaccine candidate jointly developed with GSK, expected to enter the clinic in the fourth quarter of 2021. "The continuous increase in mRNA manufacturing capacity together with the progress of large-scale vaccination efforts have strongly changed the demand for our first-generation COVID-19 vaccine, CVnCoV, over the last months," said Dr. Malte Greune, Chief Operating Officer of CureVac. "The development from a very high, short-term pandemic demand to broader availability of vaccines has led us to re-evaluate our immediate manufacturing capacity requirements in order to align the capacity with actual commercial and clinical capacity needs for CVnCoV. We would like to thank both our manufacturing partners for their dedication and effort in achieving our common goal to combat the pandemic with this key technology."
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HYZN | Hot Stocks07:38 EDT Hyzon Motors awarded order by Ark Energy for five 154-ton trucks - Motors announced that it has received a definitive order for five, 154-ton trucks from Ark Energy Corporation, the Australian subsidiary of the world's largest zinc, lead and silver producer, Korea Zinc. Under the order, Hyzon is obligated to deliver the zero-emission vehicles to Ark Energy by the end of 2022. Ark Energy will lease the trucks to its sister company, Townsville Logistics, which will deploy them in triple road train configurations as part of their short-haul fleet operating on a 30-kilometer loop from the Port of Townsville to the Sun Metals zinc refinery owned by the group. The fuel cell trucks, replacing their diesel equivalents, are expected to reduce carbon dioxide emissions by over 1,400 tons per year. Hyzon expects to assemble the vehicles in Australia, aligning with the company's plans to boost local Australian production of fuel cell vehicles.
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DOOR | Hot Stocks07:38 EDT Masonite announces pricing of secondary public offering - Opendoor Technologies announced the pricing of its previously announced registered secondary public offering of 28,000,000 shares of common stock by an existing stockholder of Opendoor. The Selling Stockholder has also granted the underwriter a 30-day option to purchase up to an additional 4,200,000 shares of common stock from the Selling Stockholder. Opendoor is not selling any shares and will not receive any proceeds from the offering, which is expected to close on September 16, 2021, subject to customary closing conditions.
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AZRX | Hot Stocks07:37 EDT AzurRx BioPharma CEO issues letter to shareholders on name change, acquisition - AzurRx BioPharma issued a letter to its shareholders from James Sapirstein, President, Chief Executive Officer and Chairman, regarding its recently announced merger with First Wave Bio and adoption of the First Wave BioPharma name. The full text of the letter, which has also been posted to the Company's website, is as follows: "Despite the anticipated name change, our mission at First Wave BioPharma is not changing. We remain committed to developing a new wave of targeted, non-systemic therapies in the GI space to improve treatment options and restore the quality of life for millions of patients, and, by doing so, generate value for our shareholders... In total, we have development- and clinical-stage programs spanning six GI indications with significant market size opportunities... At its core, the acquisition of First Wave Bio was driven by the immense opportunity we see for niclosamide therapies for inflammatory bowel disease. We now wholly own all rights to First Wave Bio's proprietary formulations of niclosamide and a robust patent IP portfolio covering methods of use for all IBD indications as well as immune checkpoint inhibitor colitis and COVID-GI infections... With the completion of this acquisition, our internal development pipeline now includes three entirely new niclosamide indications in IBD - FW-UP in ulcerative proctitis and ulcerative proctosigmoiditis, FW-UC in ulcerative colitis, and FW-CD in Crohn's disease. These additional indications, which were not previously subject to our prior license with FirstWave Bio, now form a complete part of our clinical development pipeline. We believe that our proprietary formulations of niclosamide, with their novel anti-inflammatory mechanism of action, non-systemic absorption, and safety benefits, will enable us to address significant unmet clinical needs for IBD patients, especially in the mild-to-moderate disease categories... By year-end 2021, we expect to have three clinical programs for niclosamide in Phase 2 trials. The RESERVOIR trial, a Phase 2 study evaluating the utility of oral micronized niclosamide in patients with COVID-19-related GI infections, began enrolling patients in June and should be completed in the first half of next year. Meanwhile, an IND is pending before the U.S. Food and Drug Administration for a Phase 2 study evaluating ICI-AC. A third study exploring the use of topical niclosamide in ulcerative proctitis and ulcerative proctosigmoiditis is expected to commence in the fourth quarter. We look forward to providing data readouts for each program in 2022."
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BA | Hot Stocks07:37 EDT Boeing sees demand for over 2.1M aviation personnel over next 20 years - As the commercial aviation industry continues to make progress toward recovery from the pandemic, a steady increasing supply of personnel and effective training remain critical to retain the health, safety and prosperity of the aviation ecosystem. Long-term demand for newly qualified aviation personnel remains strong, with projected demand for more than 2.1M personnel needed to fly and maintain the global commercial fleet over the next 20 years, including 612,000 pilots, 626,000 maintenance technicians and 886,000 cabin crew members.
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ZLAB | Hot Stocks07:36 EDT Zai Lab announces breakthrough therapy designation for bemarituzumab in China - Zai Lab announced that the Center for Drug Evaluation of the National Medical Products Administration granted Breakthrough Therapy Designation for investigational bemarituzumab, for first-line treatment for patients with FGFR2b overexpressing and human epidermal growth factor receptor- negative metastatic and locally advanced gastric and GEJ cancers in combination with modified FOLFOX6. The designation is supported by results from the Phase 2 FIGHT study, which evaluated bemarituzumab plus chemotherapy versus chemotherapy alone in patients with FGFR2b overexpression, HER2-negative frontline advanced gastric or GEJ cancer. All three efficacy endpoints in the FIGHT trial - PFS, OS and ORR - achieved pre-specified statistical significance in the bemarituzumab arm compared to the placebo arm. Additional analysis showed a positive correlation between benefit and the prevalence of FGFR2b overexpression tumor cells, affirming both the importance of the FGFR2b target and the activity of bemarituzumab against this target. The Breakthrough Therapy Designation was granted based upon this subset of patients, based on IHC testing, showing at least 10% of tumor cells overexpressing FGFR2b.
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AES | Hot Stocks07:36 EDT AES acquires 49.9% stake in AES Colon from Inversiones Bahia - The AES announced the acquisition of a 49.9% stake in AES Colon from Inversiones Bahia, increasing its ownership to 100% of AES Colon. AES Colon is comprised of a 381 MW liquid natural gas, or LNG,-fired power plant and an 180,000 cubic meter LNG storage and regasification facility. The project came on-line in 2018 and 100% of the output from the generation facility is contracted through 2028.
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ICE | Hot Stocks07:35 EDT NYSE, IEG team to launch a new asset class 'to power a sustainable future' - The New York Stock Exchange, part of Intercontinental Exchange, ICE and Intrinsic Exchange Group, IEG announced that they are jointly developing a new class of publicly traded assets called Natural Asset Companies, or NACs. NACs are sustainable enterprises that hold the rights to ecosystem services produced by natural, working or hybrid lands. On a global basis, natural assets produce an estimated $125T annually in ecosystem services, such as carbon sequestration, biodiversity and clean water. The formidable output underscores the financial potential of an asset class that is wholly based on environmental investment. "This new asset class on the NYSE will create a virtuous cycle of investment in nature that will help finance sustainable development for communities, companies and countries," said Douglas Eger, CEO of IEG. "Together, IEG and the NYSE will enable investors to access nature's store of wealth and transform our industrial economy into one that is more equitable." ..In addition, the NYSE will develop and seek SEC approval for unique listing requirements tailored to NACs and incorporating IEG's accounting methodology. IEG and the NYSE would then begin working with the first NACs to help prepare them for listing and trading as publicly held entities on the NYSE. "With the introduction of Natural Asset Companies, the NYSE plans to provide investors an innovative mechanism to financially support the sustainability initiatives they deem critical to our future. Our work with Intrinsic Exchange Group is another example of the NYSE tapping into our community to drive meaningful progress on ESG issues with a solutions-based approach," said Stacey Cunningham, President of NYSE Group.
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BA | Hot Stocks07:35 EDT Boeing sees $2.6T defense and space market opportunity through 2030 - The BMO also projects the defense and space market opportunity will remain consistent with last year's forecast at $2.6T during the next decade. These large, stable markets have enduring demand driven by geopolitical and security challenges. This spending projection continues to reflect the ongoing importance of military aircraft, autonomous systems, satellites, spacecraft and other products for national and international defense, with 40 percent of expenditures expected to originate outside of the United States. "While we've seen resiliency and stability in the global defense and space market, the threat environment continues to evolve," said Leanne Caret, president and CEO of Boeing Defense, Space & Security. "Winning the future fight will require speed and flexibility, and Boeing is committed to designing, testing, building and sustaining in a way that will enable our customers to adapt at the speed of relevance and derive the most value from our platforms for decades to come. Our mission - which is grounded in safety, quality and integrity - is to deliver the most digitally advanced, simply and efficiently produced solutions that are intelligently supported to our global customers."
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CNM | Hot Stocks07:34 EDT Core & Main sees FY21 adjusted EBITDA $470M-$510M - "We expect the demand and pricing trends we experienced in the first half of the fiscal year to continue into the second half, though tempered against tougher prior year comps and anticipated supply chain constraints," LeClair continued. "Each of our end markets appears poised for continued growth based on bidding activity and order flow, and the execution of our growth initiatives is expected to continue driving core market share gains. As a result, we expect full year fiscal 2021 Adjusted EBITDA to be in the range of $470 million to $510 million, representing a year-over-year increase of 37% to 49%."
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APO | Hot Stocks07:34 EDT Apollo Global, Alain de Krassny enter negotiations for sale of Kem One Group - Alain de Krassny and Apollo Global Management declare that they have entered into exclusive negotiations for the sale of the Kem One Group to funds managed by affiliates of Apollo. These discussions are taking place through De Krassny GmbH and the Apollo Funds. This proposed sale, for which the two parties signed a put option agreement, as is typical in French M&A transactions, on September 10th, is expected to be finalized by the end of the year. With 1,400 employees and 8 industrial sites located across France and Spain, Kem One is a leading European producer of polyvinyl chloride, used mainly in construction, packaging, and medical applications, and caustic soda. Kem One has leading positions in both mass and suspension PVC in Europe, and recognized expertise in specialty PVC, including paste PVC and post-chlorinated PVC. Under Mr. de Krassny's leadership, Kem One has undergone a complete transformation since 2014, executing on a long-term strategy to improve the quality and reliability of its production facilities, lower production costs, and reduce its environmental footprint. The strategy was anchored by an ambitious investment program of more than EUR 500 million, with three strategic projects: The conversion and upgrade of the electrolysis units of Kem One's Lavera plant, completed in 2017; The construction of an ethylene storage terminal at Kem One's Fos-sur-Mer plant, to be finalized in Q4 2021; The conversion and upgrade of the electrolysis units at Fos-sur-Mer which will be launched in the coming months and would be completed under Apollo's ownership. The financial terms of the transaction were not disclosed. The transaction is subject to the customary approval of the competition and regulatory authorities and to the information and consultation process of the bodies representing the personnel concerned.
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BA | Hot Stocks07:33 EDT Boeing sees $3.2T market opportunity for its served services market through 2030 - Boeing forecasts a $3.2T market opportunity for its served services market with commercial, business and general aviation services representing $1.7T and government services representing $1.5T through 2030. Digital solutions, including analytics offerings, interiors modifications and freighter conversions, have proven to be bright spots in the long-term services landscape as customers adjust to leaner operations for future growth and meet strong cargo demand. Training services will see a near-term increase in demand as personnel transition to new aircraft types, maintain certifications and return from pandemic-related pauses in active service. Demand for services dependent on aircraft utilization, such as maintenance, parts and supply chain, will continue to follow the market recovery. "Our customers are preparing for growth, and we see fleet modifications and continued parts consumption going hand in hand with the global fleet expansion," said Ted Colbert, president and CEO, Boeing Global Services. "This demand will be coupled with the continued adoption of digital tools and services to enhance fleet readiness, reliability and efficiency."
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ARAY | Hot Stocks07:32 EDT Accuray announces data from its PACE trial using CyberKnife platform - Accuray announced that data from the PACE, or Prostate Advances in Comparative Evidence, trial indicate the company's CyberKnife robotic radiotherapy platform is superior to conventional linear accelerators in reducing the incidence of late grade two or higher bladder toxicity associated with prostate cancer stereotactic body radiation therapy, or SBRT treatments. The two-year follow-up data presented at the European Society for Radiotherapy and Oncology annual congress showed that bladder side effects were experienced half as often with CyberKnife SBRT as with conventional linear accelerator delivered SBRT. Long-term side effects can affect patients for the rest of their lives. Technology that can minimize the risk of these side effects is critical. The PACE data are important because they suggest that men treated with CyberKnife SBRT are less likely to experience long-term side effects that can impact them over the course of their lives compared with men receiving conventional linear accelerator delivered SBRT.
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BA | Hot Stocks07:32 EDT Boeing sees $9T in aerospace market opportunities over next decade - Boeing released its annual forecast for the commercial, defense and space aerospace market, reflecting signs of the industry's recovery following the impacts of COVID-19. The 2021 Boeing Market Outlook, Boeing's analysis of long-term market dynamics, states that commercial airplanes and services are showing signs of recovery, while the global defense, space and government services markets have remained stable. The BMO projects a $9 T market over the next decade for aerospace products and services that Boeing addresses. The forecast is up from $8.5T a year ago, and up from $8.7T in the pre-pandemic 2019 forecast, reflecting the market's continued recovery progress. "As our industry recovers and continues to adapt to meet new global needs, we remain confident in long-term growth for aerospace," said Boeing Chief Strategy Officer Marc Allen. "We are encouraged by the fact that scientists have delivered vaccines more rapidly than imaginable and that passengers are demonstrating strong confidence in airplane travel."
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MSSTF | Hot Stocks07:32 EDT Mindset says MSP-1014 comparable to psilocybin assessed using assay - Mindset Pharma announced that its lead candidate, MSP-1014, was comparable to psilocybin assessed using a drug discrimination assay. The results suggest that MSP-1014 induces a similar perceptual state to psilocybin, further confirming the viability of MSP-1014 as a therapeutic analog of first-generation psilocybin as the Company advances MSP-1014 into the clinic.
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PSN | Hot Stocks07:32 EDT Parsons awarded position on potential multi-billion dollar EWAAC contract - Parsons has won a "prime" position on the United States Air Force's multiple-award indefinite-delivery/indefinite-quantity, or IDIQ, Eglin Wide Agile Acquisition Contract, EWAAC. The new contract has a 10-year ordering period with a ceiling value of $46B and will provide digital and model-based systems engineering, agile processes, open systems architectures, weapons integration and data analytics for Eglin AFB, Florida, and its mission partners. "The contract includes activities to rapidly develop technologies of novel weapons capabilities, apply unique solutions and innovative ideas, and characterize new technologies and system concepts that provide evolutionary, revolutionary, and disruptive capabilities for the Air Force through weapons systems requirements development, studies and demonstrations," the company said. The primary objective of EWAAC is to provide rapid response to all areas and lifecycle phases of weapons development, to include weapons concepts, concept development and demonstrations, weapons system procurement, production, fielding, operations and sustainment to quickly meet current and future weapons system requirements.
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FUTU | Hot Stocks07:23 EDT Futu Holdings announces resignation of director Eric Chi Zhang - Futu Holdings announced that Mr. Eric Chi Zhang, a director of the Company, has resigned from the board of directors of the Company due to personal reasons, effective September 14, 2021. Mr. Zhang's resignation did not result from any disagreement with the Company.
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LAD | Hot Stocks07:19 EDT Lithia & Driveway adds Curry Honda located in Georgia - Lithia & Driveway announced the addition of one of the top Honda stores in the Southeast, Curry Honda located in Chamblee, Georgia. This is LAD's first dealership in Georgia and its strategic location in the top-ten Atlanta market. LAD also added to its Southwest network with the purchase of the number one Jeep volume dealer in California, year to date, Orange Coast Chrysler Jeep Dodge Ram Fiat in Costa Mesa. Jon Gray, one of the top Chrysler, Jeep, Dodge leaders in the country, and past national dealer chairman of what is now Stellantis National Dealer Council, will continue to lead the dealership. Together, these locations are expected to generate $320M in annualized revenue. The addition of Curry Honda in the Atlanta metro area and Orange Coast Chrysler Dodge Jeep Ram Fiat in Orange County, California brings LAD's total expected annualized revenue acquired in 2021 to $6.2B.These acquisitions follow shortly after LAD joined with Pfaff Automotive Partners to expand into Canada. The company is well ahead of pace to exceed its 5-year plan,announced in July 2020, to reach $50B revenue and $50 of EPS. These acquisitions were financed using existing on-balance sheet capacity.
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HPQ | Hot Stocks07:19 EDT HP Inc., Embark Trucks announce joint distribution network initiative - Embark Trucks announced a joint initiative with HP Inc. to combine electric and autonomous truck technology and create a more sustainable distribution network. The two companies launched an electric truck drayage pilot in the Los Angeles area, where local loads are hauled to and from Embark's highway-adjacent transfer points using BYD 8TT electric trucks operated by human drivers, while the longer middle segment of the haul is completed autonomously by trucks equipped with the Embark Driver software. This EV drayage pilot gives HP the ability to leverage electric trucks within its supply chain. Adopting both long-haul autonomous trucks and EV drayage enables HP to remove up to 50,000 tons of carbon dioxide and other pollutants from its distribution network over the next ten years, according to preliminary research by Embark.
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RCKT | Hot Stocks07:18 EDT Rocket Pharma presents clinical data from RP-A501 trial in Danon Disease - Rocket Pharmaceuticals announces an oral presentation of previously disclosed data from the ongoing Phase 1 trial of RP-A501 for the treatment of Danon Disease was given at the Heart Failure Society of America, HFSA, Annual Scientific Meeting 2021. The presentation overviewed data from the low-dose cohort which demonstrated the investigational gene therapy RP-A501 was well tolerated and showed progressive and durable clinical benefit. "Patients with Danon Disease desperately need a treatment option that provides meaningful therapeutic benefit with a manageable safety profile, and we are excited to be a part of the HFSA Annual Meeting and to share this important work," said Jonathan Schwartz, M.D., chief medical officer of Rocket Pharma. "We continue to be encouraged by the safety and durable clinical benefit RP-A501 has demonstrated in the low dose, with one patient now followed to 24 months. Additionally, we are working expeditiously to commence treatment in the low-dose pediatric patient cohort in the third quarter and expect to provide a comprehensive clinical update from the Phase 1 trial in the fourth quarter."
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OBNNF | Hot Stocks07:18 EDT Osisko Mining reports results from expanding Golden Bear discovery - Osisko Mining is pleased to provide new results from the expanding Golden Bear discovery located approximately 1000 metres north of its 100% owned high-grade Windfall gold deposit, located in the Abitibi greenstone belt, Urban township, Eeyou Istchee James Bay, Quebec. Additional reconnaissance drilling has confirmed the Golden Bear discovery zone and has also identified two new mineralized zones. Drilling 50 metres south-east from D1 has defined the presence of parallel gold zone D2. Drilling 200 metres south-east of D1 has defined the presence of a third parallel zone of alteration hosting significant sulfide mineralization. All three zones display alteration, sulfide mineralization and local visible gold, and all three remain open both up and down plunge and along strike. Golden Bear displays similar orientation features observed at Windfall where the principal mineralized areas, including Lynx, can occur as clusters of high-grade zones which extend laterally for over a kilometre. Three drills have now been assigned to Golden Bear to explore along strike and up and down plunge, with more planned to join as the infill program at Windfall reaches completion. D1 has currently been traced 170 metres along strike with a plunge to the east-northeast. Drill hole OSK-UB-21-273 returned 67.10 g/t Au over 2.0 metres 60 metres up-plunge from the discovery intercept. Drill holes OSK-UB-21-264 and OSK-UB-21-272 returned 14.90 g/t Au over 2.0 metres and 26.53 g/t Au over 2.2 metres, respectively, 50 metres and 70 metres down-plunge from the discovery intercept. D2 is a sub-parallel mineralized trend 50 metres south-east from D1, which returned 62.15 g/t Au over 2.0 metres in hole OSK-UB-21-261. D3 is located 200 metres south-east of D1, open in all directions, and is currently defined by one intercept: 38.67 g/t Au over 2.2 metres in drillhole OSK-UB-21-276; and pending assay results in OSK-UB-21-278, a 250-metre step-out hole to the east of OSK-UB-21-276. The D1 discovery hole returned 27.40 g/t Au over 6.7 metres in OSK-UB-21-232. Golden Bear is a "blind" discovery in a geological setting with many similarities to Windfall. Windfall has an extensive alteration and mineralization footprint of over 4km strike length and approximately 3km vertical extent. The scale of Windfall indicates a significant mineralizing event in the Urban Barry belt. Many of the district intrusives hosting gold mineralization bear similar emplacement age dates, suggesting a district-scale mineralizing event was responsible for the Windfall deposit. Golden Bear is another example of this district-scale mineralization, and there is good potential that additional deposits remain to be discovered. Osisko's extensive land package dominates the district and the principal mineralized structures in the Urban Barry gold camp. A drill program of 50,000 metres, funded with cash on hand, is in progress to explore Golden Bear and the immediate surrounding areas.
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BC | Hot Stocks07:16 EDT Brunswick reports 'record showing' at Cannes Boat Show - Brunswick Corporation completed a record showing at the Cannes Boat Show. Mercury Marine showcased its new 600hp V12 Verado for the first time in Europe and reported more than double the number of outboard engines at the show than its closest competitor and significantly more outboards on display during the six-day event than all other manufacturers combined. In addition, Sea Ray reported a 65% increase in revenue vs. the 2019 show while all other Brunswick brands on display reported strong customer interest and sales. Freedom Boat Club also made its first appearance at an EMEA show since its announced expansion into the U.K. and Spain. Mercury continues to increase market share at major boat shows around the world. In November 2020, the company reported that for the third consecutive year, it had the most outboard engines of any manufacturer at the Ft. Lauderdale Boat Show, accounting for more than half of the total engines on display. In addition, Mercury displayed a record number of engines at the 2019 and 2020 Miami International Boat Shows.
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DMTK | Hot Stocks07:15 EDT DermTech TRUST study of DermTech Melanoma Test reduces biopsy burden - DermTech announced that SKIN: The Journal Of Cutaneous Medicine has published research including the results of DermTech's TRUST study. The large research study supports that evaluation of genomic atypia with DermTech's Pigmented Lesion Assay , PLA or the "DermTech Melanoma Test, increases both the real-world negative predictive value, NPV and positive predictive value, PPV, of the melanoma diagnostic pathway and reduces biopsy burden, relative to the current visual assessment and histopathology pathway. The publication, "Non-Invasive Detection of Genomic Atypia Increases Real-World NPV and PPV of the Melanoma Diagnostic Pathway and Reduces Biopsy Burden," reports that the non-invasive detection of genomic atypia by the PLA can complement visual assessment of pigmented lesions and enhance the early detection of melanoma, enabling clinicians to triage suspicious lesions more effectively to determine which lesions are high risk and should be biopsied versus safely managing benign lesions via clinical surveillance. The TRUST study was conducted in the U.S. by examining a cohort of 2,575 PLA-tested lesions for evidence of melanoma detected during a protracted follow-up period of up to 36 months and by re-testing a subset of 302 PLA-negative lesions up to 24 months after the initial PLA test. These results demonstrate that in this real-world intended use population, the PLA has an NPV of greater than 99%, confirming the high NPV established in previous clinical studies.
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GXO | Hot Stocks07:15 EDT GXO Logistics deploys display wearable scanners in warehouses - GXO Logistics has deployed nearly 400 wearable scanners in warehouses in the UK, France and the Netherlands, Italy and Spain. The lightweight glove scanners speed up bar code reading, by up to 4 seconds per scan compared to traditional handheld units, while offering hands-free operations. GXO is using ProGlove's MARK family of wearable scanners for picking, packing, shipping and inbound processing with MARK Display in pilot programs for major ecommerce and DIY customers.
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GTBIF | Hot Stocks07:13 EDT Green Thumb Industries to open Rise Bloomfield in New Jersey - Green Thumb Industries announced it will open Rise Bloomfield, the Company's third store in New Jersey and 65th in the nation. Profits from the first day of sales will be donated to the Bloomfield Youth Aid Foundation, a non-profit organization dedicated to providing services to Bloomfield youth, including scholarship funds, toy drives and summer youth programs.
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WISA | Hot Stocks07:12 EDT Summit Wireless appoints Eric Almgren as chief strategist - Summit Wireless announced that Eric Almgren has joined the company as chief strategist effective September immediately. Almgren will report to the company's CEO and will be responsible for performing the services and duties customarily associated with a chief strategist.
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SPIR | Hot Stocks07:12 EDT Spire Global to acquire exactEarth for $161.2M in cash, stock - Spire Global and exactEarth announced that the companies have entered into a definitive arrangement agreement under which Spire will acquire exactEarth for approximately $161.2M in cash and stock, which implies ~9.1x exactEarth's Enterprise Value to LTM revenue. Once completed, exactEarth will become a fully owned subsidiary of Spire and continue to operate from Cambridge, Ontario, Canada under the leadership of exactEarth's CEO Peter Mabson, reporting directly to Spire CEO Peter Platzer. The combined company aims to be transformative for customers and the maritime industry. Bringing together real-time and historical space-based maritime data, Spire and exactEarth will provide customers with innovative solutions that drive the digitalization of the almost US$2 trillion global maritime industry, such as better fleet visibility for more efficient routing, cost savings from reduced fuel consumption, and a lower environmental footprint. Strategic Rationale Increases Spire's customer base by over 75%. In the maritime S-AIS industry, exactEarth will accelerate Spire's expansion by adding over 150 customers. These customers in the commercial and government sectors will provide substantial cross-selling opportunities of Spire's data and analytics products. Minority indirect ownership stake in IoT provider Myriota, a fast growing player in the low-cost, low-power, secure direct-to-orbit satellite connectivity for Internet of Things. This affords Spire a solid first foothold in this high-growth industry of space-based IoT solutions. exactEarth will retain its board seat. Strong Addition to ARR. With approximately 90% of exactEarth's $18.2 million LTM revenue under subscription contracts, and a Net Retention Rate of approximately 130%, exactEarth will accelerate Spire's growth in annual recurring revenue. Expands Historical Database to accelerate AI/ML driven product development. exactEarth's 10-year archive of AIS data will substantially increase Spire's historical maritime data set, accelerating Spire's new product offerings and solutions. Adds depth of experience to maritime and product development teams. With an average tenure of over 7 years, exactEarth's experienced sales and product development team will enhance Spire's global market capability and reach in the maritime industry. Expands Spire's geographic footprint. exactEarth sells to 39 countries around the world. Details on the Proposed Transaction The total transaction consideration of C$204.2m is comprised of approximately C$130.9M in cash and C$73.2 million in Spire's Class A Common Stock. The transaction will be carried out through a plan of arrangement under the Canada Business Corporations Act. Under the plan of arrangement, holders of exactEarth common shares will receive C$2.5009 in cash and 0.1 share of Spire Class A Common Stock for each exactEarth common share held. Based on the 10-day volume weighted average price of Spire's Class A Common Stock on the New York Stock Exchange of US$11.0223 on Monday September 13, 2021, this represents total per share consideration of C$3.90 per common share for exactEarth shareholders. On completion of the arrangement, the former shareholders of exactEarth will hold approximately 3.8% of Spire, based on currently outstanding share capital. The transaction is expected to be accretive on both a revenue basis and an adjusted EBITDA basis. The transaction has been approved by the boards of directors of both companies and exactEarth's board of directors recommends that exactEarth shareholders vote in favor of the transaction. The completion of the transaction is subject to approval by at least two-thirds of the votes cast at a special meeting of exactEarth shareholders which is expected to take place in November 2021.The transaction is also subject to applicable regulatory approvals and the satisfaction of certain closing conditions customary in transactions of this nature. The transaction is not subject to any financing condition.The directors, officers and certain shareholders of exactEarth, collectively holding approximately 60% of its outstanding common shares, have entered into voting support agreements under which they have agreed to support and vote in favor of the transaction. This acquisition is expected to close in calendar 4Q21 or in calendar 1Q22.
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ASYS | Hot Stocks07:11 EDT Amtech Systems says BDF diffusion furnace product line demand is surging - Amtech Systems announced their Amtech BDF diffusion furnace product line, sold by Amtech's BTU International division, has seen surging demand this fiscal year with total year-to-date bookings for the 300mm configuration in excess of $18M. This includes the booking of a recent $7.7M multi-unit follow on order for 300mm clustered HTR diffusion furnaces with full automation from a leading global power semiconductor manufacturer, which will be shipped in the first half of fiscal 2022.
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NVCR RHHBY | Hot Stocks07:11 EDT Novocure, Roche team to evaluate TTFields for metastatic pancreatic cancer - Novocure (NVCR) announced it has entered into a clinical trial collaboration agreement with Roche (RHHBY), to develop Tumor Treating Fields, TTFields, together with Roche's anti-PD-L1 therapy, atezolizumab, in metastatic pancreatic ductal adenocarcinoma, mPDAC. Pancreatic ductal adenocarcinoma, PDAC, is the most common type of pancreatic cancer and accounts for 85%-95% of all solid pancreatic tumors. As a highly lethal malignancy, it is the seventh leading cause of cancer death worldwide and is responsible for more than 300,000 deaths per year. PDAC is highly resistant to current therapies, affording patients a 5-year overall survival rate of only 7.2%. "We are pleased to collaborate with Roche, a global leader in oncology, to explore the efficacy of TTFields together with atezolizumab immunotherapy in pancreatic cancer," said William Doyle, Novocure's Executive Chairman. "The immune-shielded environment of the pancreas has proved challenging for immunotherapies alone to provide benefit. Our phase 2 pilot trial with Roche will study the ability of TTFields together with atezolizumab to improve clinical outcomes for patients with this deadly disease." The phase 2 study was designed to test the safety and efficacy of TTFields together with atezolizumab, gemcitabine and nab-paclitaxel as a first-line treatment for mPDAC. The study is designed to enroll approximately 75 patients in the EU and United States. The primary endpoint of the study is disease control rate by RECIST 1.1. The secondary endpoints include overall survival, progression free survival, one year survival, objective response rate, PFS at six months, duration of response, and toxicity profile. Novocure is the study sponsor and Roche is providing atezolizumab for the trial.
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NVCR RHHBY | Hot Stocks07:11 EDT Novocure, Roche team to evaluate TTFields for metastatic pancreatic cancer - Novocure (NVCR) announced it has entered into a clinical trial collaboration agreement with Roche (RHHBY), to develop Tumor Treating Fields, TTFields, together with Roche's anti-PD-L1 therapy, atezolizumab, in metastatic pancreatic ductal adenocarcinoma, mPDAC. Pancreatic ductal adenocarcinoma, PDAC, is the most common type of pancreatic cancer and accounts for 85%-95% of all solid pancreatic tumors. As a highly lethal malignancy, it is the seventh leading cause of cancer death worldwide and is responsible for more than 300,000 deaths per year. PDAC is highly resistant to current therapies, affording patients a 5-year overall survival rate of only 7.2%. "We are pleased to collaborate with Roche, a global leader in oncology, to explore the efficacy of TTFields together with atezolizumab immunotherapy in pancreatic cancer," said William Doyle, Novocure's Executive Chairman. "The immune-shielded environment of the pancreas has proved challenging for immunotherapies alone to provide benefit. Our phase 2 pilot trial with Roche will study the ability of TTFields together with atezolizumab to improve clinical outcomes for patients with this deadly disease." The phase 2 study was designed to test the safety and efficacy of TTFields together with atezolizumab, gemcitabine and nab-paclitaxel as a first-line treatment for mPDAC. The study is designed to enroll approximately 75 patients in the EU and United States. The primary endpoint of the study is disease control rate by RECIST 1.1. The secondary endpoints include overall survival, progression free survival, one year survival, objective response rate, PFS at six months, duration of response, and toxicity profile. Novocure is the study sponsor and Roche is providing atezolizumab for the trial.
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HSDT LIVN | Hot Stocks07:10 EDT Helius Medical appoints Paul Buckman to board of directors - Helius Medical Technologies (HSDT) announced the appointment of Paul Buckman to its Board of Directors, effective September 10, 2021. Buckman will serve as Chair of the company's Audit Committee and as a member of its Compensation and Nominating & Governance Committees. Buckman is currently the President, North America for LivaNova (LIVN), a global medical technology company that designs, develops, manufactures and sells innovative therapeutic solutions in the fields of neuromodulation and cardiovascular disease, a position he has held since 2017. In addition, he currently serves on the Board of Directors of several public and private medical device companies.
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AMZN | Hot Stocks07:09 EDT Amazon to hire over 7,500 employees across Arizona - Amazon announced that it is providing an additional 7,500 local employment opportunities throughout Arizona on top of the 40,000 corporate and technology jobs recently announced. The roles in fulfillment and transportation offer an average starting wage of more than $18 per hour-and up to $22.50 per hour in some locations. The company also provides full-time employees comprehensive benefits from day one, worth an additional $3.50 per hour. They include health, vision, and dental insurance, 401(k) with 50% company match, up to 20 weeks paid parental leave, and Amazon's Career Choice program, in which the company will pay full college tuition for its front-line employees as part of $1.2B investment to expand education and skills training benefits for its U.S. workforce.
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DDI | Hot Stocks07:09 EDT DoubleDown launches Undead World: Hero Survival - DoubleDown Interactive announced the launch of Undead World: Hero Survival, a zombie apocalypse RPG that uses a mixture of idle gameplay and character collecting and upgrading. This launch marks a strategic departure for the company, which has previously focused on the casino genre. Undead World: Hero Survival is expected to launch worldwide in late September and will be available on iOS and Android devices.
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CMPS | Hot Stocks07:08 EDT Compass Pathways acquires IP portfolio of novel psychedelic compounds - COMPASS Pathway announced that it has acquired an intellectual property, or IP, portfolio including patent applications covering a variety of psychedelic and empathogenic substances. The IP was developed together with inventor Matthias Grill PhD, founder and CEO of MiHKAL GmbH in Basel, Switzerland, who will be working with COMPASS on an exclusive research project to develop new product candidates. The substances covered in the IP portfolio include a variety of psychedelic and empathogenic compounds, some of which are prodrugs - pharmacologically inactive compounds which are metabolised inside the body to produce an active drug. Lars Wilde, Chief Business Officer, President and Co-founder, COMPASS Pathways, said: "We are delighted to be working with Matthias and MiHKAL GmbH. This agreement will strengthen and expand our IP and development portfolio with new compounds. We plan to move some of these compounds into clinical development within the next two years, taking us closer to our goal of helping patients with urgent unmet needs in mental health care."
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SPIR | Hot Stocks07:08 EDT Spire Global to acquire exactEarth for $161.2M in cash, stock - Spire Global and exactEarth announced that the companies have entered into a definitive arrangement agreement under which Spire will acquire exactEarth for approximately $161.2M in cash and stock, which implies 9.1x exactEarth's enterprise value to LTM revenue. Once completed, exactEarth will become a fully owned subsidiary of Spire and continue to operate from Cambridge, Ontario, Canada under the leadership of exactEarth's CEO Peter Mabson, reporting directly to Spire CEO Peter Platzer. With approximately 90% of exactEarth's $18.2M LTM revenue under subscription contracts, and a net retention rate of approximately 130%, exactEarth will accelerate Spire's growth in annual recurring revenue, or ARR. The total transaction consideration of $161.2M is comprised of approximately $103.4M in cash and $57.8M in Spire's Class A common stock. The transaction will be carried out through a plan of arrangement under the Canada Business Corporations Act. Under the plan of arrangement, holders of exactEarth common shares will receive $1.98 in cash and 0.1 share of Spire Class A Common Stock for each exactEarth common share held. Based on the 10-day volume weighted average price of Spire's Class A Common Stock on the New York Stock Exchange of $11.02 on September 13, this represents total per share consideration of $3.08 per common share for exactEarth shareholders. On completion of the arrangement, the former shareholders of exactEarth will hold approximately 3.8% of Spire, based on currently outstanding share capital. The transaction is expected to be accretive on both a revenue basis and an adjusted EBITDA basis. The transaction has been approved by the boards of directors of both companies and exactEarth's board of directors recommends that exactEarth shareholders vote in favor of the transaction. The completion of the transaction is subject to approval by at least two-thirds of the votes cast at a special meeting of exactEarth shareholders which is expected to take place in November. The transaction is also subject to applicable regulatory approvals and the satisfaction of certain closing conditions customary in transactions of this nature. The transaction is not subject to any financing condition. The directors, officers and certain shareholders of exactEarth, collectively holding approximately 60% of its outstanding common shares, have entered into voting support agreements under which they have agreed to support and vote in favor of the transaction. This acquisition is expected to close in calendar Q4 or in Q1.
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BABYF | Hot Stocks07:07 EDT Else Nutrition announces venue change for upcoming investors conference - ELSE NUTRITION HOLDINGS provides an update on its upcoming investors conference. Due to the COVID-19 travel and assembly restrictions in the U.S., the company will postpone the physical event scheduled originally for October 4th and will host a virtual online event for investors and shareholders during the month of November 2021. Final date, time, registration and RSVP links will be provided separately.
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LHCG | Hot Stocks07:07 EDT LHC Group to purchase two providers in Virginia - LHC Group announced agreements to purchase two providers in Virginia, complementing and expanding on its existing footprint of providers in the state. The in-home healthcare company will purchase Generations Home Health, and Freda H. Gordon Hospice and Palliative Care, both in Virginia Beach. The agencies will continue operating under their current names. The acquisitions are expected to close on October 1, subject to customary closing conditions. LHC Group expects annualized revenue from these purchases of approximately $7M and that it will not materially affect its 2021 diluted earnings per share.The company also finalized an expansion of its JV in Arkansas with Baptist Memorial Health Care, adding Elite Home Health in Jonesboro to the partnership's portfolio. The home health agency, which was already part of the LHC Group family, will align with NEA Baptist Memorial Hospital.
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JUSHF | Hot Stocks07:07 EDT Jushi Holdings announces upcoming launch of flower brands The Bank, Seche - Jushi Holdings announced the upcoming launch of two flower brands in the Commonwealth: The Bank and Seche. Jushi has received the Virginia Board of Pharmacy approval to begin selling its premium flower brand, The Bank, and its value flower brand, Seche, to Virginia patients. The Bank, an award-winning flower brand known for its superior plant genetics, initially offers pre-packaged flower to registered Virginia cannabis patients in three-tiered lines: Gold Standard, Cache and Vault. The Bank is currently available for purchase at BEYOND / HELLO Manassas, the Company's 15 Pennsylvania BEYOND / HELLO locations and partner dispensaries in Pennsylvania and Nevada. Seche, Jushi's fine grind, fine flower and pre-rolls brand, is also available for purchase at BEYOND / HELLO Manassas, the Company's 15 Pennsylvania BEYOND / HELLO locations and partner dispensaries in Pennsylvania, Ohio and Nevada. Jushi will continue to roll out its in-house flower brands to additional BEYOND / HELLO Virginia locations as they open, and to partner dispensaries in the Commonwealth in the coming weeks and months. As part of the plan to meet growing patient demand, in the second quarter of 2021, Jushi introduced a pilot delivery program that serves patients from its BEYOND / HELLO Manassas dispensary. Since rolling out the program, the Company has seen a meaningful increase in demand for delivery services. As a result, the Company expanded its delivery program to meet the rise in demand and improve accessibility for BEYOND / HELLO Manassas patients.
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ADM | Hot Stocks07:07 EDT ADM,LG Chem sign MoU for U.S.production of lactic acid for plant-based product - LG Chem and ADM announced that they have signed a memorandum of understanding, MoU, to explore US-based production of lactic acid to meet growing demand for a wide variety of plant-based products, including bioplastics. Under the terms of the agreement, which was signed by ADM Chairman and CEO Juan Luciano and LG Chem Vice Chairman and CEO Hak Cheol Shin at ADM's global headquarters in Chicago, the two companies plan to take steps toward launching a joint venture in early 2022 that would build, own and operate a US-based facility to produce high-purity corn-based lactic acid on a commercial scale. According to Grand View Research, global demand for lactic acid - which is used broadly in food, feed and cosmetics in addition to industrials like bioplastics - was valued at approximately USD 2.7 billion in 2020, with an expected annual growth rate of 8%. In addition, the companies will collaborate on a second joint venture that would use lactic acid produced by the first joint venture to produce and commercialize polylactic acid , PLA, a plant-based, biodegradable plastic that can be used in a wide array of products, from food packaging to clothing to upholstery. According to new market research by MarketsandMarkets, demand for global bioplastics and biopolymers is projected to grow from USD 10.7B in 2021 to USD 29.7B by 2026, representing a CAGR of 22.7%. The two companies also agreed to actively cooperate in the joint development of technology for other biomaterials that can be applied in the biochemical and sustainability sector in the future.
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RNLX | Hot Stocks07:06 EDT Mount Sinai initiates system-wide scale-up of Renalytix KindeyIntelX - Renalytix and the Mount Sinai Health System announced scaled-up implementation of the KidneyIntelX early-stage risk assessment testing and care management program across primary care and specialty clinician networks under a real-world evidence development program for patients with diabetic kidney disease. KidneyIntelX enables a shift in focus from care coordination efforts focused on Mount Sinai's late-stage kidney disease patients to a focus on patients with early stages of the disease where prognosis and treatment with population health care navigation assistance can improve patient care and outcomes and generate cost savings. Before the end of 2021, Mount Sinai expects to provide KidneyIntelX testing and downstream care management at a rate of 300 patients per week with approximately 6,000 eligible patients tested by calendar Q2 2022 under this development program. In an initial rollout across seven primary care practices in Manhattan, New York City, the KidneyIntelX program has demonstrated value for clinical care delivery by identifying patients with DKD at low, intermediate, and high risk of declining kidney function or kidney failure early in the disease lifecycle when treatment has the potential for maximum effect. "Our KidneyIntelX enabled diabetic kidney disease program allows us to provide a high standard of care in early-stage kidney disease patients where we have the best chance to help patients avoid significant kidney damage," said Robert Fields, MD, MHA, Executive Vice President and Chief Population Health Officer at Mount Sinai Health System. "Ongoing analysis and sharing of doctor and patient user experience combined with population level data insights is helping to drive systemwide access to early-stage risk-assessment and treatment."
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SLI | Hot Stocks07:05 EDT Standard Lithium initiates Arkansas Carbon Capture Project - Standard Lithium announced that it is undertaking a pilot project in southern Arkansas to test a novel carbon capture technology. The pilot project will be undertaken in collaboration with the owner of the technology, Aqualung Carbon Capture, and will be installed at a natural gas processing site in southern Arkansas owned and operated by Mission Creek Resources. Standard Lithium's ongoing operations lead the industry in advancing sustainability and circular economy. By funding this project, Standard seeks to build on its science-based strategy for sustainable development and continuous improvement at its Arkansas lithium projects. The Company is focused on minimizing all CO2 emissions that may result from its future operations and related supply-chain activities. The Company has identified several areas where CO2-rich gas streams may be used to optimize its process and reduce reagent costs, as well as potentially sequester CO2. Standard Lithium's current and planned expansion of its production of a key battery metal advances the U.S. goal to "secure an end-to-end domestic supply chain for advanced batteries", as well as support the "sustainable domestic production and processing of critical minerals." Today's announced pilot project builds on and aligns with the White House's Carbon Capture, Utilization and Sequestration announcement on June 30, 2021, which seeks to develop and deploy CCUS technologies to improve industrial processes. Aqualung, a Norwegian technology company, is the sole license owner of the patent-protected technology, which was developed by the Norwegian University of Science and Technology, and results from over 20 years of research at NTNU into membrane separation of gasses. The technology is based on a membrane system that selectively extracts CO2 from a wide range of CO2 sources emitted by hydrocarbon-burning energy sources. It produces a high purity CO2 gas stream that can either be sequestered or reused. The technology has been successfully piloted in Europe, where it has been shown to effectively extract CO2 from carbon gas streams. The pilot project will be located at Mission Creek's Dorcheat Macedonia facility and will take a slipstream of flue gas for processing through the Aqualung pilot unit. The resulting concentrated CO2 stream will be utilized in Standard Lithium's ongoing R&D activities to investigate the utilization of southern Arkansas sourced CO2 for process and reagent optimization. Manufacturing of the pilot unit is expected to begin in Q4 2021, and, pending permitting and finalizing of other agreements, to be installed at the project site in Q1/2 2022.
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PLUG | Hot Stocks07:04 EDT Plug Power expands to Europe with German headquarters - Plug Power announced its expanding operations with a European headquarters in North Rhine-Westphalia in Germany. The announcement was formally made during a meeting between Andy Marsh, Plug Power CEO, and German minister Andreas Pinkwart in Washington D.C. this week. The initial 70,000-square foot facility will house an innovation center with engineering labs and technical support, a monitoring, diagnostics and technical support center, a green hydrogen generator with an electrolyzer infrastructure on site, a shipping, inventor and logistics center, and a training space. Roughly 30 employees will work at the facility, which will open at the start of 2022. By mid-2022, the workforce will increase to nearly 60 employees.
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HAL | Hot Stocks07:03 EDT Halliburton awarded integrated services contract from Energean - Halliburton announced it was awarded an integrated services contract to execute a three to five well drilling and completions campaign for Energean, an independent E&P company focused on developing resources in the Mediterranean and the North Sea. The work follows a successful four well offshore drilling campaign that Halliburton previously executed in the Karish and Karish North gas fields. Halliburton will collaborate with Energean to economically and safely deliver exploration, appraisal, and development wells offshore Israel. The contract is for three firm and two optional wells to deliver all services including project management, directional drilling, drill bits, drilling fluids, cementing, solids control, wireline, slickline, completions, production enhancement, and subsea services.
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GRTX | Hot Stocks07:03 EDT Galera Therapeutics to host KOL event on radiotherapy-induced SOM - Galera Therapeutics announced that the Company will host a virtual Key Opinion Leader event on radiotherapy-induced severe oral mucositis in patients with head and neck cancer on Thursday, September 23 at 11:00 a.m. ET. Dr. Carryn Anderson, Clinical Associate Professor of Radiation Oncology at the University of Iowa, will provide a review of the current clinical treatment paradigm for patients with locally advanced head and neck cancer, including the use of intensity-modulated radiation therapy. Dr. Anderson's presentation will be followed by a video from a head and neck cancer survivor on his experience with SOM and a presentation from Galera's President and CEO, Mel Sorensen, M.D., with an overview of the SOM market in patients with head and neck cancer.
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ZBH | Hot Stocks07:02 EDT Zimmer Biomet says Richard Heppenstall appointed as CFO of 'NewCo' - Zimmer Biomet announced key appointments to the "NewCo" leadership team, including Richard Heppenstall as Executive Vice President and CFO. Additionally, the company announced ZimVie as the name for the planned spin-off company for the Spine and Dental businesses. Zimmer Biomet announced in February 2021 its intent to form a new independent, publicly traded company to optimize resource allocation and drive toward market leadership. That transaction process remains on track, with an expected close in mid-2022. Heppenstall brings more than 25 years of broad corporate and operational finance experience to ZimVie, most recently serving as CFO of Breg, Inc., a global manufacturer and solutions provider of orthopedic braces, cold therapy and other medical equipment.
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AXSM | Hot Stocks07:02 EDT Axsome Therapeutics announces FDA acceptance of NDA for AXS097 - Axsome Therapeutics announced that the U.S. Food and Drug Administration has accepted for filing the company's New Drug Application, or NDA, for AXS-07 for the acute treatment of migraine, and has set a Prescription Drug User Fee Act, PDUFA, target action date of April 30, 2022 for the NDA. AXS-07 is a novel, oral, rapidly absorbed, multi-mechanistic, investigational medicine for migraine. "The FDA's acceptance of the NDA for AXS-07 is an important milestone for Axsome as it brings us closer to potentially making this multi-mechanistic treatment available to migraine patients in need," said Herriot Tabuteau, MD, Chief Executive Officer of Axsome. "We look forward to continued interactions with the FDA during the review process." The NDA is supported by results from two Phase 3 randomized, double-blind, controlled trials of AXS-07 in the acute treatment of migraine, the MOMENTUM and INTERCEPT trials, which demonstrated statistically significant elimination of migraine pain with AXS-07 compared to placebo and active controls.
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KR | Hot Stocks07:02 EDT Kroger, Instacart launch Kroger Delivery Now - Kroger and Instacart launched Kroger Delivery Now, a new service powered by a virtual convenience store that is fulfilled by the Kroger Family of Stores and provides customers groceries and household essentials in as fast as 30 minutes. Kroger Delivery Now's offering of 25,000 items includes doorstep delivery. With the launch of Kroger Delivery Now, Instacart is also unveiling the Convenience Hub on the Instacart Marketplace, a new product experience that streamlines convenience shopping for customers. Through the new Convenience Hub, customers in nearly every major U.S. city can now shop for convenience essentials 24 hours a day, seven days a week with free priority delivery in as fast as 30 minutes for Instacart Express members on orders over $10.
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MLAB | Hot Stocks07:02 EDT Mesa Labs to acquire Agena Bioscience for $300M - Mesa Laboratories announced that it has entered into a definitive agreement to acquire Agena Bioscience for a cash purchase price of $300M, subject to customary purchase price adjustments. Mesa expects to finance the all-cash transaction with a combination of cash on hand and proceeds from our credit facility. The transaction is expected to be completed in Mesa's third fiscal quarter ending December 31, 2021, and is subject to customary conditions, including receipt of applicable regulatory approvals. Agena is headquartered in San Diego, California and is a leading molecular diagnostics tools company that develops, manufactures, and supplies highly sensitive, low-cost, high-throughput, genetic analysis solutions to clinical labs and development partners globally. Excluding the impact of COVID-19 related revenues, Agena is expected to add between $63 million to $67 million of revenues during the first 12 months of ownership, deliver high single digit organic revenues growth over the next several years and excluding the impact of purchase accounting, generate gross profit percentages in the mid to high 60's. Additionally, excluding the impact of COVID-19 related revenues, purchase accounting and integration expenses, we expect adjusted operating income1 as a percentage of revenues to approach 20% for the same first 12 months of ownership. Additionally, Agena is also expected to deliver an additional $3 million to $5 million of COVID-19 related revenues during the first year of ownership at approximately the same gross profit percentages stated above. The COVID-19 revenues are expected to tail off significantly after that time.
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NNVC | Hot Stocks06:59 EDT NanoViricides completes licensing for Coronavirus field from TheraCour Pharma - NanoViricides announced that it has completed the process of licensing the human Coronavirus field for drug development and commercialization from TheraCour Pharma. The company executed a license agreement for the field comprising anti-viral treatments for coronavirus derived human infections with TheraCour Pharma on September 8. The licensed field includes antiviral drugs to treat SARS-CoV-2 and its variants that cause the COVID-19 disease resulting in a global pandemic that continues to rage through the world, wave after wave, as new variants develop and take hold. There was no upfront cash payment for the license and the compensation terms were generally consistent with prior licenses. NanoViricides is currently working on taking its two COVID-19 lead drug candidates, namely, NV-CoV-2- and NV-CoV-2-R, into human clinical trials. The company believes that the preclinical work is substantially complete for taking these drugs into human evaluation. The company believes that these broad-spectrum anti-coronavirus drugs will continue to be effective even as the virus continues to mutate developing into a number of variants of concern. Antibody protection afforded by vaccines and the effectiveness of antibody drugs have continued to decline progressively as new SRAS-CoV-2 variants have emerged. The company believes that its unique anti-viral nanomachine technology overcomes these issues. Under the Agreement, NanoViricides has obtained a world-wide, exclusive, sub-licensable, license to use, promote, offer for sale, import, export, sell and distribute antiviral drugs that treat human Coronavirus infections using TheraCour's proprietary as well as patented technology and intellectual property, including the new patent application. The discovery of ligands and polymer materials as well as formulations, the chemistry and chemical characterization, as well as process development and related work will be performed by TheraCour under the same compensation terms as prior agreements between the parties, with no duplication of costs allowed. NanoViricides will not make any upfront cash payments to TheraCour and has agreed to the following milestone payments to TheraCour: 100,000 shares of the Company's Series A Convertible Preferred Stock, par value $0.001 per share upon the execution of the agreement; 50,000 shares of Series A Preferred Stock after the grant of the approval of Llcensee's investigational new drug application, or its equivalent; cash payments of $1.5M after the initiation of Phase I clinical trials or its equivalent; $2M after the completion of Phase 1 Clinical Trials or its equivalent for at least one product within twelve (12) months from the date of the acceptance of the IND; $2,500,000 no later than six months after the completion of Phase 2A Clinical Trials or its equivalent for at least one product within twenty months from the date of the completion of Phase 1 or its equivalent; 100,000 shares of Series A Preferred Stock after the initiation of Phase 3 clinical trials or its equivalent and, at TheraCour's option, $5M in cash or 500,000 shares of Series A Preferred Stock, no later than six months after the completion of Phase 3 clinical trials or its equivalent for at least one product within thirty-six months from the completion of Phase 2 clinical trials or its equivalent. In addition, the company agreed to pay to TheraCour 15% of net sales of licensed products and any income from sublicensed products, consistent with previous agreements. Under the agreement, TheraCour retains the exclusive right to develop and manufacture the licensed products. The agreement contemplates that the parties will enter into a separate manufacturing and supply agreement for the commercial manufacture and supply of the drug products if and when NanoViricides intends to engage into commercialization of the drugs. The agreement provides that the Manufacturing and supply agreement would be on customary and reasonable terms, on a cost-plus basis, using a market rate based on then-current industry standards, and include customary backup manufacturing rights, as with prior agreements.
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CVX | Hot Stocks06:48 EDT Chevron reaffirms plans to earn double-digit return on capital employed by 2025 - At a Brent oil price average of $60 per barrel, the company reaffirmed its expectation to earn double-digit return on capital employed by 2025 and generate $25B of cash flow, above its dividend and capital spending, over the next five years. The company also reaffirmed its 2028 upstream production greenhouse gas intensity targets, which equate to an expected 35% reduction from 2016 levels. "With the anticipated strong cash generation of our base business, we expect to grow our dividend, buy back shares and invest in lower carbon businesses," CEO Wirth concluded. "We believe a strategy that combines a high return, lower carbon traditional business with faster growing, profitable new energy ones positions us to deliver long-term value to our shareholders."
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KULR | Hot Stocks06:48 EDT KULR Technology to provide its Safe Case to Heritage Battery Recycling - KULR Technology Group announced that it will provide its KULR-Tech Safe Case to lithium-ion battery recycler Heritage Battery Recycling, or HBR, a new platform company of The Heritage Group, for the safe transportation logistics of HBR's battery collection operations across North America. Based upon successful space designed solutions for NASA that were deployed on the International Space Station for safely storing laptop lithium-ion batteries, the KULR-Tech Safe Case is one of the Company's recently leading product lines entering into commercial markets.
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CVX | Hot Stocks06:47 EDT Chevron sets 2030 growth targets for new energy businesses - During its Energy Transition Spotlight, Chevron announced plans to invest more capital to grow lower carbon energy businesses. Building on its strengths, the company set the following 2030 growth targets for new energy businesses: Grow renewable natural gas production to 40,000 MMBtu per day to supply a network of stations serving heavy duty transport customers; Increase renewable fuels production capacity to 100,000 barrels per day to meet growing customer demand for renewable diesel and sustainable aviation fuel; Grow hydrogen production to 150,000 tonnes per year to supply industrial, power and heavy duty transport customers; and Increase carbon capture and offsets to 25 million tonnes per year by developing regional hubs in partnership with others. To achieve this scale, the company expects to invest more than $10B between now and 2028, including $2B to lower the carbon intensity of Chevron's operations. This is more than triple the company's previous guidance of $3B.
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HL | Hot Stocks06:35 EDT Hecla Mining provides update on its latest exploration results - Hecla Mining Company released an update on its latest exploration results. Highlights include: Drilling at both Greens Creek and Casa Berardi is on track to replace reserves by year end. Midas exploration at the Green Racer Sinter continues to expand high-grade gold and silver mineralization for over 2,000 feet of strike and 1,250 feet of dip extent. An initial resource is expected to be announced in early 2022. Greens Creek surface exploration drilling at the Lil'Sore target intersected copper and zinc-rich zones of mineralization that are indicative of a fertile feeder stockwork zone. This mineralization is stratigraphically below the targeted mine contact indicating potential for an additional mineralized mine horizon at depth or laterally. Hollister's decline has advanced and drilling of the Hatter Graben can begin in the Q4. "While focused, our exploration efforts have spanned our three operating mines and eight of our exploration properties," said Phillips S. Baker, Jr., President and CEO. "As we have adapted to operating in a pandemic, we have been able to increase drilling and expect growth in reserves and resources. We continue to have exciting results in Nevada where at Midas we are seeing similar structural controls on high-grade mineralization at Green Racer Sinter as those observed at the mine's historically producing veins leading us to add a third drill rig and at Hollister where underground drilling will begin soon. At Greens Creek, both underground and surface drilling are giving results that should lead to reserve replacement and additional drilling in the Lil'Sore area."
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DPW... | Hot Stocks06:33 EDT Ault Global takes delivery of 1,000 s19j Pro Model Antminers - Ault Global Holdings announced that its wholly owned subsidiary, Ault Alliance, has taken delivery of 1,000 S19j Pro model Antminers. On February 1 the Company announced that it was resuming bitcoin mining through the acquisition of 1,000 new S19 Pro Antminers. The new Antminers will be deployed at the Company's Michigan data center. The deployment of the 1,000 Antminers will begin during the current month and is expected to be completed on or before October 15. Alliance Cloud Services, a majority-owned subsidiary of Ault Alliance, acquired the Data Center, a 617,000 square foot energy-efficient facility located on a 34.5-acre site, in January.
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KALV | Hot Stocks06:31 EDT KalVista says FDA lifts clinical hold on Phase 2 clinical trial of KVD824 - KalVista Pharmaceuticals announced that the U.S. FDA has lifted the clinical hold on the company's Phase 2 clinical trial of KVD824 for oral prophylactic treatment of hereditary angioedema. "The execution of KOMPLETE, our Phase 2 clinical trial for KVD824 as a potential oral prophylactic therapy for HAE, is expected to accelerate now that we can also proceed at our U.S. trial sites," said Andrew Crockett, CEO of KalVista. "Progress continues worldwide, with regulatory submissions complete in all of the countries where the trial will be conducted." The previously announced clinical hold was removed after FDA review of KalVista's responses to the FDA request for further information and analysis related to certain preclinical studies of KVD824. Refinements were also made to the KVD824 Phase 2 KOMPLETE protocol. The company is working closely with study investigators and clinical trial sites to proceed with all study activities as soon as possible.
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ITMR | Hot Stocks06:17 EDT Itamar to be acquired by ZOLL Medical for $31 per share of $538M - ZOLL Medical Corporation, an Asahi Kasei company, and Itamar Medical announced that the two companies signed a definitive agreement under which ZOLL will acquire all outstanding ordinary shares of Itamar Medical for a total value of approximately $538M. Under the terms of the agreement, which has been unanimously approved by the boards of directors of ZOLL Medical and Itamar, ZOLL Medical will acquire all outstanding ordinary shares of Itamar Medical for $31 per American depository share in cash. The acquisition is expected to close by the end of 2021.
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VLTA | Hot Stocks06:04 EDT Volta installs new charging stations in Fairfax, Virginia - Volta announced that it has further extended its market penetration with the installation of new charging stations at Giant Food in Virginia. The exact address of these charging stations is 10653 Braddock Rd, Fairfax, Virginia 22032.
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AMZN | Hot Stocks06:02 EDT Amazon.com announces plans to hire additional 125,000 employees - Amazon continues to provide opportunities for full-time and part-time jobs in logistics as it expands its footprint to better serve customers in communities where they live. Today, the company announced that it is providing an additional 125,000 local employment opportunities throughout the U.S., on top of the 40,000 corporate and technology jobs announced earlier this month. The roles in fulfillment and transportation offer an average starting wage of more than $18 per hour-and up to $22.50 per hour in some locations. The company also provides full-time employees with comprehensive benefits from day one, worth an additional $3.50 per hour. They include health, vision, and dental insurance, 401(k) with 50% company match, up to 20 weeks paid parental leave, and Amazon's Career Choice program, in which the company will pay full college tuition for its front-line employees as part of a $1.2B investment to expand education and skills training for its U.S. workforce.
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VNE... | Hot Stocks05:21 EDT Veoneer receives updated acquisition proposal from Qualcomm for $37.00 per share - Veoneer (VNE) confirmed that it has received an updated non-binding proposal from Qualcomm (QCOM) providing for the acquisition of all of the outstanding shares of Veoneer at a price of $37.00 per share in cash, following Qualcomm's public announcement of a proposal on August 5. Veoneer is evaluating all of the terms of Qualcomm's proposal in consultation with its financial and legal advisors and will, if appropriate, engage in negotiations with Qualcomm and/or Magna (MGA). There can be no assurances that Veoneer's discussions with Qualcomm will result in a transaction that the Veoneer board of directors determines is superior to Veoneer's pending transaction with Magna. On July 22, Veoneer announced that it entered into a definitive merger agreement, approved by Veoneer's board of directors, with Magna International Inc. The merger agreement with Magna remains in full force and effect, and the board of directors of Veoneer has not withdrawn or modified its recommendation that the stockholders of Veoneer vote in favor of the approval of the merger, the merger agreement and the transactions contemplated thereby.
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SLI | Hot Stocks05:17 EDT Standard Lithium initiates Arkansas carbon capture pilot project - Standard Lithium announced that it is undertaking a pilot project in southern Arkansas to test a novel carbon capture technology. The pilot project will be undertaken in collaboration with the owner of the technology, Aqualung Carbon Capture, and will be installed at a natural gas processing site in southern Arkansas owned and operated by Mission Creek Resources. By funding this project, Standard seeks to build on its science-based strategy for sustainable development and continuous improvement at its Arkansas lithium projects. The company is focused on minimizing all CO2 emissions that may result from its future operations and related supply-chain activities. The company has identified several areas where CO2-rich gas streams may be used to optimize its process and reduce reagent costs, as well as potentially sequester CO2. The pilot project will be located at Mission Creek's Dorcheat Macedonia facility and will take a slipstream of flue gas for processing through the Aqualung pilot unit. The resulting concentrated CO2 stream will be utilized in Standard Lithium's ongoing R&D activities to investigate the utilization of southern Arkansas sourced CO2 for process and reagent optimization. Manufacturing of the pilot unit is expected to begin in Q4 and pending permitting and finalizing of other agreements, to be installed at the project site in Q1/2 2022.
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NYXH | Hot Stocks05:13 EDT Nyxoah receives breakthrough device designation for Genio from FDA - Nyxoah announced that the FDA has granted the Genio bilateral hypoglossal nerve stimulation system breakthrough device designation for the treatment of adult patients with moderate to severe OSA and Complete Concentric Collapse of the soft palate.
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ALPMY | Hot Stocks05:12 EDT Astellas Pharma reports passing of ASPIRO clinical trial participant - Astellas Pharma reported that the ASPIRO clinical trial participant, who developed a serious adverse event as described on September 1, passed away on September 9. The cause of death is still pending. Astellas is gathering the relevant clinical information and incorporating such information into the ongoing investigation regarding other serious adverse events observed to date in the ASPIRO trial. This was the first and only participant dosed following the December 23, 2020, release of the earlier FDA clinical hold. On September 1, Astellas announced that it had paused screening and dosing of additional participants in its ASPIRO clinical trial evaluating AT132 in patients with X-linked Myotubular Myopathy. Thereafter, the FDA informed Astellas via email that the ASPIRO trial had been placed on clinical hold and a written letter is expected over the next several weeks. Following receipt of the official FDA clinical hold letter, Astellas will review its contents and have further dialogue with regulators on the path forward.
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IQ | Hot Stocks05:09 EDT iQIYI launches 'iBarca Membership' premium membership program - iQIYI announced that the company expanded its existing strategic collaboration with Barca to develop a new premium membership program, "iBarca Membership". As Barca's first certificated digital membership product launched in China, the "iBarca Membership" enables fans in China to watch all La Liga games in the 2021/22 season and enjoy a range of exclusive privileges. iQIYI at present holds the rights to La Liga until 2029, and the "iBarca Membership" will be valid for the duration of the 2021/22 season. In addition to game viewing rights with multilingual commentary, subscribers will enjoy exclusive video content courtesy of Barca TV, available for the first time in Mandarin, giving fans in China access to hours of exclusive club content that includes documentaries and interviews with players. Other privileges include one free ticket and additional half-priced tickets to the Barca Experience in Haikou, 10% off merchandise using Haikou Barca Experience WeChat mini-program, and discounted La Liga tickets at the Camp Nou. New subscribers will also receive a FC Barcelona merchandise from the Haikou Barca Mission Hills store as a welcome gift.
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LHX | Hot Stocks05:04 EDT L3Harris Technologies awarded $85M Air Force contract for T7 robots - The Air Force awarded L3Harris a 10-year, $85M, IDIQ contract to produce up to 170 T7 robots to replace its existing 20-year-old Explosive Ordnance Disposal, or EOD, system, which mitigates explosive threats at bases. The contract includes robots, robotics support, maintenance and training, with initial deliveries scheduled in 2022. The contract follows L3Harris' successful delivery of Project STARTER to the UK Ministry of Defense, or MOD, which replaced the MOD's aging fleet of EOD robots with 122 T7 robots.
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