Stockwinners Market Radar for September 15, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
PD | Hot Stocks20:43 EDT ARK Investment bought 295K shares of PagerDuty on Wednesday
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HOOD | Hot Stocks20:41 EDT ARK Investment bought 92K shares of Robinhood on Wednesday
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NNDM | Hot Stocks20:40 EDT ARK Investment bought 522K shares of Nano Dimension on Wednesday
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PATH | Hot Stocks20:39 EDT ARK Investment bought 539K shares of UiPath on Wednesday
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AVAV | Hot Stocks20:38 EDT ARK Investment bought 16K shares of AeroVironment on Wednesday
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SWI | Hot Stocks20:01 EDT SolarWinds opens South Korean entity - SolarWinds "announced the official opening of its strategic South Korean entity in Seoul, Korea, and the appointment of Ken Parker as country manager of SolarWinds in South Korea. With Parker's appointment, the newly expanded leadership team will support the company in its efforts to strengthen the brand and further solidify its position as a market leader for IT operations management software."
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WU | Hot Stocks19:01 EDT Western Union, Suhyup Bank to offer international money transfer services - Western Union and Suhyup Bank have joined forces to offer international money transfer services, connecting customers in South Korea to their loved ones overseas. The collaboration will enable customers to send and receive Western Union money transfers at approximately 130 Suhyup Bank locations and more than 220 sub-agent locations across the country, with the plan to scale up to 480 bank and sub-agent locations within this year. Customers will be able to move funds for cross-border money transfers, enabling payout in cash across more than 200 countries and territories and into bank accounts and wallets in select countries worldwide. The digital service capability will be operational in the coming months to enable Suhyup Bank account holders to send money transfers via web and app.
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CSCO | Hot Stocks18:47 EDT Cisco CEO: Supply chain problems to persist through 1H22 - In an interview on CNBC's Mad Money, Chuck Robbins said Cisco's revenue has been constrained due to supply chain issues. Hybrid work is accelerating growth and will create a dynamic opportunity going forward, he added.
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WEBR | Hot Stocks18:38 EDT Weber CEO: Q3 was really fantastic - In an interview on CNBC's Mad Money, Chris Scherzinger said Weber is seeing massive year-over-year growth. The new Weber Traveler grill is off to a "rock star" start and the company can barely keep up with demand, he added. According to Scherzinger, macro trends favor the company. The millennial generation is a great tailwind for Weber. Weber generates strong cash flow and that will take care of the company's debt and lead to new opportunities, he said.
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BGNE | Hot Stocks18:26 EDT BeiGene director sells 12.9K shares of common stock - In a regulatory filing, BeiGene disclosed that its Chief Medical Officer of Hematology, Jane Huang, sold 12.9K shares of common stock on September 13th in a total transaction size of $4.62M, reducing her stake by about 8%. Shares of BeiGene are down about 1.3% after-hours.
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BTAI | Hot Stocks18:07 EDT BioXcel presents results from ongoing Phase 2 trial of BXCL701-Keytruda combo - BioXcel Therapeutics, Inc. announced data from its ongoing Phase 1b/2 trial of BXCL701, the company's investigational, oral innate immunity activator, in metastatic castration-resistant prostate carcinoma in a poster presentation at the 2021 European Society for Medical Oncology Congress. "These data lay a strong foundation for the broad potential of BXCL701 in combination with pembrolizumab, including for heavily pre-treated mCRPC patients with adenocarcinoma, an aggressive tumor for which there are few available treatment options," said Vincent J. O'Neill, M.D., Senior Vice President and Chief Medical Officer of BioXcel. "The study demonstrated that 26% of patients in the adenocarcinoma cohort achieved a composite response, and all responders experienced a decrease in tumor size. Further, the majority of these responders who received BXCL701 in combination with pembrolizumab did not have strong predictive markers of pembrolizumab response. We believe BXCL701 has the potential to be the most advanced orally available innate immune activator and to inflame the tumor micro-environment, thus making tumors more responsive to immunotherapies, including the PD-1 inhibitor, pembrolizumab. We look forward to the continued evaluation of BXCL701 in mCRPC in our adenocarcinoma cohort, as well as in our small-cell neuroendocrine carcinoma (SCNC) cohort, which both continue to enroll patients."
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ARTAU | Hot Stocks18:02 EDT Prenetics to go public via merger with Artisan Acquisition SPAC - Prenetics Group Limited and Artisan Acquisition Corp., a special purpose acquisition company privately founded by Adrian Cheng, announced they have entered into a definitive merger agreement. Through combining with Artisan, Prenetics will draw upon Adrian's well-diversified business portfolio across retail, hospitality, healthcare, property and other strategic businesses, providing tremendous opportunities for closely aligned partnerships and allowing Prenetics to substantially expand its platform. The transaction values Prenetics at an enterprise value of $1.25B with a combined equity value of approximately $1.7B, making Prenetics the first unicorn from Hong Kong to be publicly listed in any market. Artisan entered into a definitive agreement to combine with Prenetics. The transaction values Prenetics at an enterprise value of $1.25B with a combined equity value of approximately $1.7B. Upon completion of the transaction, estimated to be in the fourth quarter of 2021 or the first quarter of 2022, the combined company's securities will be traded on the Nasdaq under the ticker symbol "PRE". As part of the transaction, Prenetics' existing equity holders will roll 100% of their equity into PubCo, demonstrating their continued commitment to Prenetics growth strategy. Prenetics will receive proceeds of up to $459M in cash, including the contribution of up to $339M of cash currently held in Artisan's trust account, a fully committed PIPE and forward purchase agreements of $120M from Aspex, PAG, Lippo, Dragonstone, Xen Capital and others.
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ATCX | Hot Stocks17:41 EDT Atlas Technical Consultants director buys 10.8K shares of common stock - In a regulatory filing, Atlas Technical Consultants disclosed that its director Brian Ferraioli bought 10.8K shares of common stock on September 13th in a total transaction size of $101.6K, boosting his stake by about 22%. Shares of Atlas Technical Consultants are up 1.1% after-hours at $9.60.
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CNM | Hot Stocks17:30 EDT Core & Main to acquire CES Industrial Piping Supply, terms not disclosed - Core & Main announced that it has entered into a definitive agreement to acquire substantially all of the assets of CES Industrial Piping Supply, a full service provider of HDPE products and services, based in Kansas City, Missouri. Core & Main currently serves the Kansas City region from its locations in Blue Springs, Missouri and Olathe, Kansas. "A full-service provider like CES Industrial Piping aligns with the dependable expertise we offer in fusible HDPE, which is a growth area for us. The team in Kansas City offers a one-stop shop for HDPE products, fabrication and installation, a complete package that gives customers confidence in adopting a new product," said Steve LeClair, chief executive officer of Core & Main.
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ICUI | Hot Stocks17:26 EDT ICU Medical director Robert Swinney sold $524K in company shares - ICU Medical director Robert Swinney disclosed in a regulatory filing that he had sold 2,157 shares of company stock at $243 per share on September 15, for a total transaction value of $524,151.
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PNFP | Hot Stocks17:20 EDT Pinnacle Financial CEO sells 209K shares of common stock - In a regulatory filing, Pinnacle Financial disclosed that its CEO Terry Turner sold 209K shares of common stock on September 13th in a total transaction size of $19.7M, reducing his stake by about 50%.
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RTX | Hot Stocks17:20 EDT Raytheon Technologies subsidiary awarded $294.14M Navy contract modification - Collins Aerospace, a Raytheon subsidiary, was awarded a $294.14M modification to a previously awarded, firm-fixed-price, indefinite-delivery/indefinite-quantity contract. This modification exercises an option for the procurement of 8,085 AN/ARC-210 radios for installation in over 400 strategic and tactical airborne, seaborne and land based platforms for the Navy, Marine Corps, Army, Coast Guard, other government agencies, and Foreign Military Sales customers. Work will be performed in Cedar Rapids, Iowa, and is expected to be completed in September 2024. No funds are being obligated at time of award; funds will be obligated on individual delivery orders as they are issued. The Naval Air Warfare Center Aircraft Division is the contracting activity.
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VICI | Hot Stocks17:13 EDT VICI Properties and ClubCorp announce strategic deal to grow BigShots Golf - VICI Properties and ClubCorp announced that they have entered into a strategic arrangement to grow BigShots Golf, whereby VICI Properties may provide up to $80M of mortgage financing for the construction of up to five new BigShots Golf facilities throughout the United States, subject to definitive documentation. John Payne, President and Chief Operating Officer of VICI Properties, said, "We are excited to partner with ClubCorp, the leading operator of private golf and country clubs in the United States, to help grow their BigShots Golf business. ClubCorp's proven experience creating dynamic member and guest experiences throughout their country club, city and stadium club locations is highly complementary to the BigShots Golf platform and we're thrilled to serve as a financing partner. This arrangement enables VICI to continue expanding into attractive experiential sectors and new geographic markets in a prudent manner while securing additional long-term growth opportunities for VICI." "We are ecstatic to partner with VICI and expand the BigShots Golf brand to new markets across the country" said ClubCorp CEO David Pillsbury. "The golf entertainment industry continues to rapidly grow in popularity as people discover the magic of golf in a fun, non-intimidating environment. BigShots Golf is leading the way with new innovative technology, elevated dining and fun for the whole family. Our partnership with VICI will allow us to continue pursuing new market opportunities and bring the BigShots Golf experience to more communities."
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FI | Hot Stocks17:10 EDT Frank's International shareholders approve Expro merger proposal - Frank's International announced the results of its Annual General Meeting and plans for closing of the pending Expro merger. All proposals presented to shareholders were approved including the Expro merger proposal, which received over 90% support from voting shareholders. With all closing conditions now satisfied, the pending merger with Expro is scheduled to close on Friday, October 1, 2021. Frank's will complete a reverse stock split with a ratio of 6-for-1 in conjunction with the closing of the merger. Michael Kearney, the Company's Chairman, President and Chief Executive Officer, said, "We are proud to announce the results of our shareholder vote last week which demonstrated significant shareholder support for the pending merger with Expro Group. The successful affirmative vote culminated Frank's strategic efforts over the past two years to gain scale, increase diversification and improve profitability. Going forward, we will be charting a strategic direction together as one organization. As Expro Board Chairman going forward, I know I speak for the entire new Expro Board in wishing Mike Jardon and his team every success as they begin executing the integration plans that we have developed over the last six months. We have an extremely experienced management at the new Expro that will build an even stronger combined organization." Mike Jardon, Chief Executive Officer of Expro, commented, "The overwhelming approval of the transaction by Frank's shareholders is a significant step toward completing Expro's combination with Frank's and creating a new full-cycle energy services leader. Together, we will have enhanced scale, a broader geographic footprint, and an expanded portfolio of innovative solutions to support customers across the well lifecycle and drive sustainable growth and profitability. We appreciate our stakeholders' strong support and look forward to completing the pending transaction on October 1st so we can begin to unlock the incredible potential of our combined platform."
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AERI | Hot Stocks17:06 EDT Aerie Pharmaceuticals falls 15% after AR-15512 phase 2b study results - Shares of Aerie Pharmaceuticals are down 15% at $13.33 after the company disclosed topline results from its Phase 2b study for AR-15512 ophthalmic solution for the treatment of patients with dry eye disease. As part of the announcement, the company also stated that "both formulations of AR-15512 were safe and well-tolerated. Ninety five percent of adverse events were mild with less than 3% of subjects discontinued due to adverse events."
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FNHC | Hot Stocks17:02 EDT FedNat Holding provides update on strategic review committee - FedNat Holding Company provided an update on the activities of its Strategic Review Committee, or SRC. Bruce Simberg, FedNat's chairman and chairman of the SRC, said, "Unfortunately, just as we were beginning our work, 2021 continued 2020's string of catastrophe losses with an unusually high number of severe weather events, including Winter Storm Uri and several severe convective storms. These added to the significant financial challenges already facing the company at the end of 2020 - requiring us to raise two rounds of capital totaling approximately $36M - and frankly in some ways delaying the SRC's work. While our advisors and the SRC have engaged in discussions with numerous potential counterparties, the effects of 2021's weather understandably caused some to pause. However, as today's announcement by Demotech confirming our A-Exceptional rating illustrates, we believe that we currently possess financial stability related to maintaining positive surplus as regards policyholders, sufficient liquidity of invested assets, an acceptable level of financial leverage, as well as reasonable loss and loss adjustment expense reserves and updated product pricing. We are indeed grateful that Demotech showed the keen interest and diligence required to understand and appreciate the current status of our business. We look forward to the potential favorable progress that we expect to result from the improvements that we have made in our business model over the last year that are not reflected in our current operating results. We nevertheless understand that we have a big job to do - in order to maintain that rating, we must continue to demonstrate progress in our business plan and our ability to raise capital as needed. We also continue to explore potential transformative strategic transactions that not only could ensure our ability to honor and defend meritorious policyholder claims when due but also provide value to our shareholders. Our objective, assuming that we receive one or more proposals that merit consideration by us and our shareholders, would be to engage such party or parties to attempt to reach an agreement that could be in place by the end of 2021. Meanwhile, we will continue with our ongoing initiatives to raise rates, reduce our policy counts until rates are adequate, and maintain access to capital sources. We recently have entered into a strategic advisory arrangement with one of our significant shareholders, Steven A. Hale. We invited Steve to attend the SRC and Board meetings and he played a key role in our recent meetings with Demotech." Neither the board nor the SRC has set a specific timetable for conclusion of the strategic review, and the company does not intend to comment further unless and until the Board has approved a specific course of action or the company has otherwise determined that further disclosure is appropriate or required by law. There can be no assurance that the strategic review will result in a transaction or other course of action.
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TC | Hot Stocks17:02 EDT TuanChe announces change of auditor from PwC to Marcum Bernstein & Pinchuk - TuanChe announced the Audit Committee and the Board of Directors of the Company dismissed PricewaterhouseCoopers Zhong Tian as its independent registered public accounting firm on September 13, 2021. In connection with the change of auditor, the Company provides that: The report of PwC on the financial statements of the Company for the years ended December 31, 2020 and 2019 did not contain any adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope, or accounting principles; and During the fiscal years ended December 31, 2020 and 2019 and the subsequent interim period through September 13, 2021 , there were no (i) disagreements with PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of PwC, would have caused PwC to make reference to the subject matter of the disagreements in connection with its report, or (ii) reportable events. On September 13, 2021, the Board of Directors approved the engagement of Marcum Bernstein & Pinchuk LLP as the Company's new independent registered public accounting firm for fiscal year ending December 31, 2021, effective immediately.
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RBOT DEH | Hot Stocks16:56 EDT Vicarious Surgical combination approved by D8 Holdings shareholders - Vicarious Surgical (RBOT) announced that the shareholders of D8 Holdings (DEH), have approved the previously announced business combination at the shareholder meeting held September 15. The business combination is expected to close on September 17 and is expected to provide approximately $220M in gross proceeds to fund the further development and planned commercialization of the company's single-incision surgical robot that virtually transports surgeons inside the patient to perform minimally invasive surgery. Following the close of the transaction, the combined company will be renamed "Vicarious Surgical." Its Class A common stock and warrants are expected to begin trading on the NYSE on September 20, under the symbols "RBOT" and "RBOT WS," respectively. Vicarious Surgical believes that the Vicarious System is the first surgical robotic system to receive Breakthrough Device Designation from the FDA. The total $142M PIPE supporting the transaction is funded by multiple strategic investors. The combined company will be led by Adam Sachs as CEO.
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TRMK | Hot Stocks16:46 EDT Trustmark announces $60M allocation award for Southern Community Capital - Trustmark National, a wholly-owned subsidiary of Trustmark Corporation, is pleased to announce that its subsidiary, Southern Community Capital, LLC, has been selected to receive a $60M allocation award for investment in community projects under the New Markets Tax Credit Program. Administered by the U.S. Treasury's Community Development Financial Institutions Fund, the NMTC Program was established by Congress in 2000 to spur investments in businesses and real estate projects located in low-income communities.
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ATRC | Hot Stocks16:45 EDT AtriCure COO Seith sells 21,444 common shares - In a regulatory filing, AtriCure COO Douglas Seith disclosed the sale of 21,444 common shares of the company on September 13 at a price of $75.54 per share.
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ADBE PYPL | Hot Stocks16:45 EDT Adobe announces payment services for Adobe Commerce - Adobe (ADBE) announced the upcoming availability of Payment Services for Adobe Commerce, "the industry's leading end-to-end commerce application for B2B, D2C and hybrid use cases. By integrating Payment Services to their digital storefronts, Adobe merchants of all sizes will soon have access to a robust, secure, and integrated payment solution that can easily be managed from their Adobe Commerce Admin, instead of having to do the work of integrating with third-party payment providers. Payment Services for Adobe Commerce will be powered by the PayPal Commerce Platform and available to Adobe merchants by the end of the year. "In today's fast-moving digital economy, organizations demand flexibility and extensibility in their commerce platform to sustain business growth and deliver seamless experiences for their customers," said Amit Ahuja, vice president, Adobe Experience Cloud Product and Strategy at Adobe. "With the addition of Payment Services, we're thrilled to expand on our already robust out-of-the-box commerce feature set to help Adobe Commerce merchants compete effectively and win in the digital-first economy." The company noted that "Easily Accept and Process Payment Methods: With Payment Services, Adobe merchants will be able to accept popular payment methods, including credit and debit cards, PayPal (PYPL) and Venmo to deliver the best checkout experience for their customers. In addition, merchants will also be able to offer PayPal pay later solutions in their storefront. According to Adobe Digital Economy Index, the use of buy now, pay later services in the first half of 2021 grew 88% compared to 2019 levels." Reference Link
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TAK | Hot Stocks16:41 EDT Takeda Pharmaceutical announces FDA approval of EXKIVITY - Takeda Pharmaceutical announced that the U.S. FDA has approved EXKIVITY for the treatment of adult patients with locally advanced or metastatic non-small cell lung cancer with epidermal growth factor receptor exon 20 insertion mutations as detected by an FDA-approved test, whose disease has progressed on or after platinum-based chemotherapy. EXKIVITY, which was granted priority review and received Breakthrough Therapy Designation, Fast Track Designation and Orphan Drug Designation from the FDA, is the first and only approved oral therapy specifically designed to target EGFR Exon20 insertion mutations. This indication is approved under Accelerated Approval based on overall response rate and DoR. Continued approval for this indication may be contingent upon verification and description of clinical benefit in a confirmatory trial.
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SRGA | Hot Stocks16:34 EDT Surgalign names Sheryl Conley as board chair - Surgalign Holdings announced that Sheryl Conley will be appointed to the role of non-executive Chair of the Surgalign Board of Directors, effective September 14, 2021. Conley served as President and CEO of OrthoWorx, Inc., a community-based initiative that works strategically and collaboratively with the orthopedic industry, from 2012-2017.
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VBTX | Hot Stocks16:32 EDT Veritex boosts share buyback to $250M from $175M - The board authorized an increase and extension of its stock buyback program pursuant to which the company may, from time to time, purchase shares of its outstanding common stock. The program authorized the company to purchase up to $175.0M of its outstanding common stock and that amount has been increased by the board to $250.0M. The board also authorized an extension of the expiration date of the Stock Buyback Program from December 31, 2021 to December 31, 2022.
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NUAN | Hot Stocks16:31 EDT Nuance Chairman Lloyd Carney sells $653K in company shares - Nuance Chairman Lloyd Carney disclosed in a filing that he had sold 11,820 shares of company stock at $55.21 per share on September 14, for a total transaction value of $652,614.
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CF | Hot Stocks16:31 EDT CF Industries halts operations at two UK facilities - CF Industries announced that it is halting operations at both its Billingham and Ince, UK, manufacturing complexes due to high natural gas prices. The company does not have an estimate for when production will resume at the facilities.
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TKR | Hot Stocks16:31 EDT Timken sees lower sales, earnings in 2H21 - The Timken Company announced that it expects lower sales and earnings in the second half of 2021, compared to the company's prior expectations. Timken's results are being impacted by unabating customer and supply chain disruptions and related manufacturing inefficiencies, as well as continued inflationary pressures across the enterprise.Underlying customer demand and end-market momentum remain strong across most sectors, and the company expects a robust industrial market environment for the remainder of 2021 and throughout 2022. Timken is working to mitigate the impact of the supply chain challenges and inflationary pressures through improved operational efficiencies and pricing. The company continues to implement price increases and expects significant price realization in 2022. Given the unpredictability of the current environment, Timken is withdrawing its full year 2021 financial outlook, which was last updated on August 2, 2021. The company will provide further updates when it reports financial results for the third quarter of 2021.
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AHT | Hot Stocks16:21 EDT Ashford Hospitality reports August RevPAR down 11% from July - Ashford Hospitality reported preliminary portfolio occupancy of 61.3% for August with an average daily rate, or ADR, of approximately $153.69 resulting in RevPAR of approximately $94.16. This RevPAR result represents an approximate decrease of 11% versus July 2021 and an approximate decrease of 27% versus August 2019. Additionally, for August, Hotel Net Income was $0.9M. Comparable Hotel EBITDA for August was $18.6M, a 30% decrease over July's Comparable Hotel EBITDA of $26.4M and a 44% decrease over August 2019's Comparable Hotel EBITDA of $33.3M.
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BHR | Hot Stocks16:18 EDT Braemar Hotels & Resorts reports August RevPar up 149% year-on-year - Braemar Hotels & Resorts reported preliminary portfolio occupancy of 59.2% for August with an average daily rate or ADR of approximately $345.88 resulting in RevPAR of approximately $204.69. This RevPAR result represents an approximate increase of 149% versus August 2020 and an approximate decrease of 12% versus August 2019. For August, Hotel Net Income was $0.9M. Comparable Hotel EBITDA for August was $9.2M, a 2% decrease versus August 2019's Comparable Hotel EBITDA of $9.3M.
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EFC | Hot Stocks16:17 EDT Ellington Financial estimates book value per share of $18.30 as of August 31 - Ellington Financial announced its estimated book value per common share of $18.30 as of August 31, 2021. This estimate includes the effect of the previously announced monthly dividend of 15c per common share, payable on September 27, 2021 to holders of record on August 31, 2021, with an ex-dividend date of August 30, 2021.
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IO | Hot Stocks16:16 EDT Ion Geophysical initiates review of strategic alternatives - Ion Geophysical announced that its board of directors has initiated a process to evaluate a range of strategic alternatives in an effort to strengthen its financial position and maximize stakeholder value as the company continues to assess conditions in the capital markets and right-size the business. These strategic alternatives include, among others, a sale or other business combination transaction, sales of assets, private or public equity transactions, debt financing, or some combination of these.
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TVTX | Hot Stocks16:15 EDT Travere gets upfront payment of $55M +milestones from Vifor in Sparsenta pact - Travere Therapeutics and Vifor Pharma announced the companies have entered into a joint collaboration and licensing agreement for the commercialization of sparsentan in Europe, Australia and New Zealand. Sparsentan is a novel investigational product candidate currently being evaluated in pivotal Phase 3 clinical studies for the treatment of FSGS and IgAN, two rare progressive kidney disorders and leading causes of end-stage kidney disease. There are currently no approved medicines indicated for FSGS or IgAN. Sparsentan has been granted Orphan Drug Designation for the treatment of FSGS and IgAN in the U.S. and Europe. Under the terms of the agreement, Vifor Pharma will receive exclusive commercialization rights for sparsentan in Europe, Australia and New Zealand. Travere will receive an upfront payment of $55M and be eligible for up to $135M in payments tied to the achievement of certain regulatory and market access related milestones. Vifor Pharma will also make further payments in the form of sales milestones, and tiered double-digit royalties on net sales of sparsentan in Europe, Australia and New Zealand up to 40% at the high end of the royalty range. "Our goal is for sparsentan to become the new global treatment standard for people living with FSGS and IgAN; this collaboration marks an important step forward in this journey," said Eric Dube, Ph.D., chief executive officer of Travere Therapeutics. "Vifor Pharma is a global leader in nephrology with established commercialization expertise in Europe, Australia and New Zealand and this agreement aligns our two companies with the common goal of maximizing the number of people who can access sparsentan, if approved in these regions. In addition, this collaboration will further strengthen our financial foundation and allow our organization to focus on planned future launches of sparsentan in the U.S." Following the recently announced positive topline interim results from the ongoing pivotal Phase 3 PROTECT Study of sparsentan in IgAN, Travere and Vifor Pharma will further evaluate the regulatory strategy for sparsentan in Europe, including the potential to submit a joint marketing authorization application for both FSGS and IgAN in 2022. Ultimately, the responsibility for and control over marketing authorizations in the licensed territories will be transitioned to Vifor Pharma. If sparsentan is approved, Vifor Pharma will be responsible for all commercialization activities in the licensed territories. Travere remains responsible for the clinical development of sparsentan and will retain all rights to sparsentan in the United States and rest of world. Travere remains obligated to make payments to Ligand Pharmaceuticals upon achievement of certain regulatory and sales milestones, as well as an escalating annual royalty between 15 percent and 17 percent of global net product sales.
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LAUR | Hot Stocks16:13 EDT Laureate Education announces special cash distribution - Laureate Education approved a plan of partial liquidation in connection with the previously disclosed sale of Walden e-Learning. Gross proceeds from the Sale, less expenses related to the Sale, will be distributed to the company's stockholders before the end of calendar year 2022. Notwithstanding the adoption of the Plan, the company expects to continue operating as a going concern and a publicly traded company. After the adoption of the Plan, the Board approved the payment of a special cash distribution pursuant to the Plan equal to $7.01 per each share of the company's Class A common stock, par value $0.004 per share, and Class B common stock, par value $0.004 per share, to each holder of record of the common stock on October 6. The Distribution is scheduled to be paid on October 29. Based on the current number of shares outstanding, the aggregate amount of the Distribution is expected to be approximately $1.29B. Gross proceeds from the Sale include $74M held in escrow and approximately $84M of restricted cash. The company intends to subsequently distribute to stockholders any net proceeds from such amounts in the form of special distributions before the end of calendar year 2022.
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MCY | Hot Stocks16:08 EDT Mercury General appointed Victor Joseph as COO - Mercury General appointed Victor Joseph to the newly created position of Executive VP & COO effective January 1, 2022. His responsibilities will expand beyond his current position of Vice President & Chief Underwriting Officer, which he has held since 2017, to include oversight of Advertising & Public Relations, Claims, Human Capital, Information Technology, Marketing and Product Management, in addition to Underwriting. He has held several positions at the company since 2009, and his father, George Joseph, founded Mercury in 1961.
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STOR | Hot Stocks16:07 EDT Store Capital names Sherry Rexroad as CFO - STORE Capital announced the appointment of Sherry L. Rexroad as CFO. Ms. Rexroad will begin her employment with STORE on October 18, 2021, and will assume the position of Chief Financial Officer on November 8, 2021, in connection with the planned retirement of the company's current CFO, Catherine Long.
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CHGG SQSP | Hot Stocks16:07 EDT Chegg names Marcela Martin to board of directors - Chegg (CHGG) announced that Marcela Martin, Chief Financial Officer of Squarespace (SQSP), has joined Chegg's Board of Directors, effective today, September 15, 2021. Ms. Martin will serve as a member of the Audit Committee. "With passion for the future of education and experience in growing global companies, Marcela has everything we were looking for and more," said Dan Rosensweig, CEO & President of Chegg, Inc. "Her knowledge in successfully adapting to growing trends will be incredibly helpful as we continue addressing students' ever-changing needs worldwide. We are all very excited to have a CFO of a multibillion-dollar company in the creator economy on our board."
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MDVL | Hot Stocks16:06 EDT IMA Medical, Medavail sign agreement to open four SpotRX locations in FL - MedAvail Holdings expects to open an initial four SpotRx locations in 2021 with IMA Medical Group in Florida. In-clinic SpotRx kiosks and courier home delivery will be available to patients at four IMA Medical clinic locations in central Florida. SpotRx Pharmacy is the retail pharmacy brand owned and operated by MedAvail in the United States, which deploys and operates the MedAvail MedCenters.
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CRNX | Hot Stocks16:06 EDT Crinetics announces preliminary findings from SAD cohorts of CRN04777 trial - Crinetics announced preliminary findings from the single ascending dose, or SAD, cohorts of a first-in-human Phase 1 clinical study with CRN04777 demonstrating pharmacologic proof-of-concept for this investigational oral, nonpeptide somatostatin receptor type 5, or SST5, agonist being developed as a treatment for congenital hyperinsulinism, or HI. The 80 healthy volunteers who enrolled in the SAD cohorts were administered oral doses of CRN04777 or placebo. The pharmacologic effects of CRN04777 were evaluated using two distinct methods. First, oral administration of CRN04777 showed rapid dose-dependent suppression of insulin secretion in response to an intravenous bolus of glucose in an Intravenous Glucose Tolerance Test, or IVGTT. In a second method, oral administration of CRN04777 rapidly eliminated the need for IV glucose support in individuals who were administered a sulfonylurea, a class of drugs that induces insulin secretion analogous to the most common genetic defect in congenital HI patients. The reductions in insulin secretion and resulting changes in plasma glucose in these pharmacologic evaluations suggest that CRN04777 binds and activates pancreatic ss-cell SST5 to inhibit insulin secretion, as designed. CRN04777 was well tolerated in the healthy volunteers who enrolled in these SAD cohorts and all adverse events were considered mild or moderate. These newly announced findings will be presented during the 2021 Congenital Hyperinsulinism International Virtual Research Conference. In addition to the ongoing Phase 1 trial of CRN04777, Crinetics also continues to advance its Phase 3 PATHFNDR program evaluating paltusotine in acromegaly and the multiple ascending dose, or MAD, portion of its Phase 1 trial evaluating CRN04894, an investigational, oral, nonpeptide adrenocorticotropic hormone (ACTH) antagonist. Data from the MAD portions of the Phase 1 CRN04777 and CRN04894 trials are now expected in Q1 2022.
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EA | Hot Stocks16:05 EDT Electronic Arts confirms 'Battlefield 2042' delayed to November 19, 2021 - Electronic Arts announced a change to the launch date of Battlefield 2042, which will now release worldwide on November 19, 2021. EA is reiterating our net bookings guidance for fiscal year 2022 provided on August 4, 2021, despite this change in launch date for Battlefield 2042. Below is a message shared by DICE Studio GM Oskar Gabrielson with the Battlefield fan community today, announcing the change to the launch date: "We've made the decision to shift the launch of Battlefield 2042. The game will now be released worldwide on November 19th, 2021. Building the next generation of Battlefield during a global pandemic has created unforeseen challenges for our development teams. Given the scale and scope of the game, we had hoped our teams would be back in our studios together as we move towards launch. With the ongoing conditions not allowing that to happen safely, and with all the hard work the teams are doing from home, we feel it is important to take the extra time to deliver on the vision of Battlefield 2042 for our players. Your enthusiasm for the game has been very inspiring. We believe in the game we're making, and we thank you for your patience as we put some finishing touches into the experience. Updates on the Open Beta will be coming later this month."
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MRNA | Hot Stocks16:04 EDT Moderna says data support benefit of mRNA-1273 booster dose - "It is promising to see clinical and real-world evidence adding to the growing body of data on the effectiveness of the Moderna COVID-19 vaccine," said Stephane Bancel, Chief Executive Officer of Moderna. "The increased risk of breakthrough infections in COVE study participants who were vaccinated last year compared to more recently illustrates the impact of waning immunity and supports the need for a booster to maintain high levels of protection. We hope these findings are helpful as health authorities and regulators continue to assess strategies for ending this pandemic."
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AERI | Hot Stocks16:04 EDT Aerie Pharma's AR-15512 achieves positive topline results Phase 2b study - The company states: "Aerie Pharmaceuticals reported positive topline results of its Phase 2b clinical study, named COMET-1, for AR-15512 ophthalmic solution for the treatment of patients with dry eye disease. The randomized, double-masked, vehicle-controlled Phase 2b clinical study was conducted at 15 sites throughout the United States and evaluated the efficacy and safety of AR-15512 in patients with dry eye disease. A total of 369 patients were randomized across three arms, AR-15512, AR-15512 or AR-15512 vehicle, in each case dosed twice daily over 84 days. Patients were evaluated at Days 1, 14, 28 and 84. The COMET-1 clinical study showed greatest efficacy in the higher concentration 0.003% BID which will be advanced to Phase 3 studies."
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TXN | Hot Stocks16:02 EDT Texas Instruments raises quarterly dividend 13% to $1.15 from $1.02 per share - Texas Instruments said it will raise its quarterly cash dividend 13% from $1.02 per share to $1.15, or $4.60 annualized. The higher dividend will be payable November 15 to stockholders of record on November 1, contingent upon formal declaration by the board of directors at its regular meeting in October. This dividend increase is an integral piece of TI's disciplined approach to capital management and reflects the company's continued strength in free cash flow generation and its commitment to return excess cash to stockholders. In the 12-month period ending June 2021, TI has paid 56% of its free cash flow in dividends. TI has a proven track record of returning cash to its shareholders. Today's announcement marks 18 consecutive years of dividend increases.
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MRNA | Hot Stocks16:02 EDT Moderna says analysis suggests COVID vaccine highly effective against variants - Moderna highlighted a new analysis suggesting that the Moderna COVID-19 vaccine is highly effective against circulating variants of concern, including in a vaccine effectiveness study conducted in partnership with Kaiser Permanente Southern California and in a separate recent publication by the U.S. Centers for Disease Control and Prevention. Additionally, the company shared a new analysis of follow-up through 1 year in the Phase 3 COVE study suggesting a lower risk of breakthrough infection in participants vaccinated more recently compared to participants vaccinated last year. Manuscripts summarizing both findings have been posted to preprint servers and will be submitted for peer-reviewed publication. In a prospective cohort study at Kaiser Permanente Southern California, an analysis of 352,878 recipients of 2 doses of mRNA-1273 matched to 352,878 unvaccinated individuals found a vaccine effectiveness of 87% against COVID-19 diagnosis and 96% against COVID-19 hospitalization. The study was conducted during the emergence of the Delta variant, which was identified in 47% of cases in fully vaccinated individuals. These data have been posted to a preprint server and submitted for peer review. Recent data published by the U.S. CDC examined vaccine efficacy across nine states based on 32,867 medical encounters including 14,636 hospitalizations between June and August 2021, during the time when the Delta variant became predominant in the United States. In the analysis, the Moderna COVID-19 vaccine efficacy against COVID-19 urgent care or emergency visit was 92% and against hospitalization was 95% at a median of 96 and 106 days respectively after vaccination. Across all age groups, vaccine efficacy was reported to be significantly higher among Moderna vaccine recipients than other COVID-19 vaccines. Today, Moderna is sharing a new analysis of the incidence of breakthrough COVID-19 cases among vaccinated participants in the open-label portion of the Phase 3 COVE study between July 1, 2021 and August 27, 2021. In the analysis, 88 breakthrough cases of COVID-19 occurred in the more recently vaccinated group compared to 162 cases in the group vaccinated last year. The reduction in incidence rates for participants vaccinated more recently compared to participants vaccinated last year was 36%. A Cox proportional hazards model showed similar results after adjusting for age and risk factors for severe COVID-19. Fortunately, only 19 severe cases were observed. While not significant, there was a numerical trend towards a lower rate of severe cases in the group vaccinated more recently compared to the group vaccinated last year.
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AMZN UBSFY | Hot Stocks15:17 EDT Amazon Games names Alexandre Parizeau head of new game studio in Montreal - Amazon Games (AMZN) announced that Alexandre Parizeau has been appointed head of its recently opened development studio in Montreal, Canada. Alex brings over 20 years of experience in the gaming industry, most recently at Ubisoft Toronto (UBSFY) as Managing Director. Alex, who also served as Senior Producer on "Splinter Cell" games and "Rainbow Six Vegas," will lead development of the studio's first project, a competitive multiplayer AAA title based on new IP. "Alex has a long track record of building talented teams and successful games, and is a perfect fit for what we aspire to create at our new studio in Montreal," said Christoph Hartmann, VP, Amazon Games. "He managed the development teams behind major franchises during his time at Ubisoft Montreal and Toronto, and he instantly clicked with our team's vision and creative leads, some of which he worked with previously at Ubisoft. Alex will continue assembling an outstanding team in Montreal, and we're looking forward to sharing more on what they're creating when the time is right." Reference Link
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CSCO | Hot Stocks15:08 EDT Cisco says 5%-7% growth forecast does not assume 'major' acquisitions - Cisco said its 5%-7% growth forecast assumes some M&A, in keeping with its recent trends, but does not assume any "major" acquisitions. Cisco executives are conducting a Q&A session during the company's investor day meeting.
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FBNC | Hot Stocks15:05 EDT First Bancorp declares 20c dividend, up 11.1% from same time period last year - The Board of Directors of First Bancorp the parent company of First Bank, has declared a cash dividend on its common stock of 20c per share payable on October 25 to shareholders of record as of September 30. The 20c dividend rate represents an 11.1% increase over the dividend rate of 18c paid in the comparable period of 2020.
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HNST... | Hot Stocks15:02 EDT Honest Company names Pete Gerstberger as chief digital and strategy officer - The Honest Company (HNST) announced that Pete Gerstberger will join the company as its chief digital and strategy officer, effective October 4. Joining Honest with more than 18 years of experience, Gerstberger's background boasts extensive digital strategy and product development, including spearheading ground-breaking initiatives at both Amazon (AMZN) and Ring (RNG).
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BNTX | Hot Stocks14:56 EDT BioNTech treatment of stage IIB through IV melanoma granted FDA orphan status - BioNTech SE's treatment of stage IIB through IV melanoma was granted orphan designation by the FDA, according to a post to the agency's website. Reference Link
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CSCO | Hot Stocks14:41 EDT Cisco up nearly 3% in afternoon trade as investor day continues - Shares of Cisco are up $1.64, or about 3%, to $59.51 in afternoon trading as the company hosts its Virtual Investor Day 2021.
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C | Hot Stocks14:38 EDT Citi reports August credit loss rate 1.62% vs. 1.52% last month - Reports August 30-plus day delinquencies 0.8% vs. 0.87% last month.
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APRN | Hot Stocks14:34 EDT Blue Apron reports board changes, collapse of multiclass voting structure - In connection with the Salzberg private placement and the proposed transactions, Matthew Salzberg, Blue Apron's co-founder and board chair, and Barry Salzberg, have resigned from the company's board of directors to focus on their other board roles and business interests. The board of directors has appointed Jennifer Carr-Smith, a current independent board member, to succeed Matthew Salzberg as board chair. Further, in connection with the rights offering and related financing transactions, certain of Blue Apron's existing holders of Class B common stock, including Matthew Salzberg, Barry Salzberg, Joseph Sanberg, and certain of their respective affiliates, have converted their shares of Class B common stock, each share of which is entitled to 10 votes per share, to shares of the company's Class A common stock, which is entitled to one vote per share. As a result of these conversions, pursuant to the company's restated certificate of incorporation, as amended, which provides for the automatic conversion of all outstanding shares of Class B common stock when the outstanding shares of Class B common stock represent less than 5% of the combined voting power of the outstanding shares of Class A common stock and Class B common stock, each outstanding share of Blue Apron's Class B common stock automatically converted into one share of Class A common stock. As a result, effective immediately, Blue Apron only has one class of common stock outstanding, Class A common stock, each share of which is entitled to one vote.
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APRN | Hot Stocks14:27 EDT Blue Apron trading halted, news pending
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ULTA AMZN | Hot Stocks14:18 EDT Ulta Beauty gives up gains after CNBC report of Amazon beauty event
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FB | Hot Stocks14:14 EDT U.S Senators to probe Facebook over claims Instagram harms teens - U.S. Senators Richard Blumenthal, D-CT, and Marsha Blackburn, R-TN, Chair and Ranking Member of the Senate Commerce, Science, and Transportation Subcommittee on Consumer Protection, Product Safety, and Data Security, announced that their subcommittee would take additional steps to look into Facebook's knowledge of its platforms' negative impact on teenagers and young users revealed today in the Wall Street Journal: "It is clear that Facebook is incapable of holding itself accountable. The Wall Street Journal's reporting reveals Facebook's leadership to be focused on a growth-at-all-costs mindset that valued profits over the health and lives of children and teens. When given the opportunity to come clean to us about their knowledge of Instagram's impact on young users, Facebook provided evasive answers that were misleading and covered up clear evidence of significant harm. We are in touch with a Facebook whistleblower and will use every resource at our disposal to investigate what Facebook knew and when they knew it - including seeking further documents and pursuing witness testimony. The Wall Street Journal's blockbuster reporting may only be the tip of the iceberg," said the Senators in a statement. Reference Link
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PIXY | Hot Stocks14:10 EDT ShiftPixy Labs teases 'something big' coming in tweet - ShiftPixy Labs tweeted: "Preparing ShiftPixy Labs for something BIG! #Shorts #YouTubeShorts #ShiftPixy $PIXY" Reference Link
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FMCC FNMA | Hot Stocks14:08 EDT FHFA proposes new capital requirement rules for Fannie, Freddie - The Federal Housing Finance Agency announced a proposed rule to amend the Enterprise Regulatory Capital Framework. The proposed rule includes three areas of refinement to the current capital rule: Replace the fixed prescribed leverage buffer amount equal to 1.5% of an Enterprise's adjusted total assets with a dynamic PLBA equal to 50% of the Enterprise's stability capital buffer; Replace the prudential floor of 10% on the risk weight assigned to any retained credit risk transfer exposure with a prudential floor of 5% on the risk weight assigned to any retained credit risk transfer exposure; Remove the requirement that an Enterprise must apply an overall effectiveness adjustment to its retained credit risk transfer exposures. The proposed rule also poses specific questions for public comment on these changes and proposes several technical corrections to the final rule published on December 17, 2020. "The proposed rule would also remove the largely duplicative requirement that an Enterprise must apply an overall effectiveness adjustment to its retained CRT exposures. FHFA has determined that it is an appropriate place to make a refinement within the CRT securitization framework to further promote the use of CRT without increasing safety and soundness risks at the Enterprises," the agency said. Shares are Freddie Mac (FMCC) and Fannie Mae (FNMA) are down 3% in afternoon trading. Reference Link
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GM | Hot Stocks14:05 EDT GM Defense announces award of $36.4M development contract - The U.S. Department of State has awarded GM Defense, a subsidiary of General Motors, a contract to develop and validate next generation Large Support Utility Commercial Vehicles for future fleet production in support of the Department's Diplomatic Security Service, the company announced. As part of the total development contract valued at $36.4M, GM Defense will create a purpose-built Heavy-Duty Suburban, building 10 vehicles over the next two years.
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DNMR | Hot Stocks13:42 EDT Danimer Scientific sinks 6% after Muddy Waters announces short position
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RAIL... | Hot Stocks13:14 EDT North American rail traffic dropped 2.7% in week ended September 11 - The Association of American Railroads, AAR reported U.S. rail traffic for the week ending September 11. For this week, total U.S. weekly rail traffic was 468,610 carloads and intermodal units, down 1.3% compared with the same week last year. Total carloads for the week ending September 11 were 223,710 carloads, up 4.5% compared with the same week in 2020, while U.S. weekly intermodal volume was 244,900 containers and trailers, down 6% compared to 2020. North American rail volume for the week ending September 11, on 12 reporting U.S., Canadian and Mexican railroads totaled 316,174 carloads, up 2.4% compared with the same week last year, and 321,752 intermodal units, down 7.3 percent compared with last year. Total combined weekly rail traffic in North America was 637,926 carloads and intermodal units, down 2.7%. North American rail volume for the first 36 weeks of 2021 was 24,940,735 carloads and intermodal units, up 8.9% compared with 2020. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), Trinity Industries (TRN) Greenbrier (GBX) and FreightCar America (RAIL). Reference Link
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CNHI RAVN | Hot Stocks13:12 EDT Raven shareholders approve transaction with CNH Industrial - Raven Industries (RAVN) announced that, at a special meeting held on September 15, 2021, its shareholders voted strongly to approve the pending transaction with CNH Industrial (CNHI). More than 71% of the outstanding shares of Raven voted, and of the shares that voted, over 99% voted in favor of the transaction with CNH Industrial. The transaction is expected to close in the fourth quarter of 2021, subject to approval from the Committee on Foreign Investment in the United States and acceptance by the Defense Counterintelligence and Security Agency of a signed commitment letter.
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DD RNSDF | Hot Stocks12:35 EDT DuPont to supply Betatech thermal interface material to Renault plants in France - DuPont Mobility & Materials (DD) announced that its BETATECH thermal interface material has been specified by Renault (RNSDF) for supply to its Maubeuge and Douai production facilities in northern France. Delivery of BETATECH TIM for production of electric vehicles began earlier this year. "DuPont has a long history of innovation, and we share a common vision for advancing sustainable mobility," said Gilles Le Borgne, EVP Engineering of the Renault Group. "We look forward to ongoing collaboration to develop solutions that continue to meet, and exceed, industry challenges."
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AXP | Hot Stocks12:13 EDT American Express reports August net write-off rate 0.6% vs. 0.7% last month - Reports August 30 days past due loans as a percent of total 0.6% vs. 0.6% last month.
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GSBC | Hot Stocks12:10 EDT Great Southern Bancorp increases quarterly dividend 6% to 36c per share - The Board of Directors of Great Southern Bancorp declared a 36c per common share dividend for the third quarter of the calendar year ending December 31, 2021. This dividend represents a 6% increase from the previous quarter's dividend of 34c per common share. The dividend will be payable on October 12, 2021, to shareholders of record on September 27, 2021. This dividend represents the 127th consecutive quarterly dividend paid by the company to common shareholders, the company said in a statement.
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QCOM | Hot Stocks12:10 EDT Qualcomm, GlobalFoundries sign 5G RF front-end product agreement - GlobalFoundries and Qualcomm Global Trading PTE, a subsidiary of Qualcomm Technologies, announced that they are extending their radio frequency collaboration on 5G multi-gigabit speed RF front-end products.
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TAL | Hot Stocks12:00 EDT TAL Education falls -6.5% - TAL Education is down -6.5%, or -30c to $4.37.
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ACIC | Hot Stocks12:00 EDT Atlas Crest Investment falls -7.6% - Atlas Crest Investment is down -7.6%, or -77c to $9.42.
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DAO | Hot Stocks12:00 EDT Youdao falls -11.0% - Youdao is down -11.0%, or -$1.48 to $11.98.
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SM | Hot Stocks12:00 EDT SM Energy rises 12.7% - SM Energy is up 12.7%, or $2.57 to $22.83.
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SD | Hot Stocks12:00 EDT SandRidge Energy rises 14.8% - SandRidge Energy is up 14.8%, or $1.60 to $12.41.
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ANY | Hot Stocks12:00 EDT Gryphon Mining announces launch of first batch of 7,200 S19J Pro Antminers - Gryphon Digital Mining announced that the first batch of its 7,200 S19J Pro Antminers have been installed and are now mining bitcoin. "This is transformational for the company as it transitions from an aspirational bitcoin miner to a producer and is yet another milestone in the company's goal to be the industry-leading bitcoin miner with a zero carbon footprint. The company will continue to receive batches of 600 machines on a monthly basis, until the total purchase of 7,200 machines are up and running. The order is expected to provide Gryphon with approximately 720 PH/s of hashing power, which places it among the top 15 global miners according to Cointelegraph. This fleet of high-efficiency miners will be part of one of the only cryptocurrency mining operations with a 100% renewable energy supply," the company stated. Gryphon Digital Mining is a Bitcoin mining operation that has entered into an agreement and plan of merger with Sphere 3D (ANY) through which Gryphon shareholders are expected to become shareholders of Sphere 3D, and the merged company would continue to trade on Nasdaq, subject to shareholder and regulatory approvals. The merger is expected to be complete in Q4 of 2021.
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IRNT | Hot Stocks12:00 EDT IronNet rises 25.2% - IronNet is up 25.2%, or $5.88 to $29.20.
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AGR | Hot Stocks11:57 EDT Avangrid's Vineyard Wind 1 JV reaches financial close - Avangrid announced that its joint venture offshore wind project, Vineyard Wind 1, has become the first commercial-scale offshore wind project in the United States to reach financial close. The project has closed on an aggregate of approximately $2.3B of construction and term loan financing with nine global lending banks. "Today's milestone demonstrates the financial community's confidence in Vineyard Wind 1 and AVANGRID's sustainability strategy, and more broadly, the U.S. offshore wind industry," said Dennis V. Arriola, CEO of AVANGRID. "We are proud to pioneer this new industry and demonstrate that offshore wind can be a sound investment, while creating jobs, combating climate change and powering the economies of our coastal communities." Financial close enables the 800 megawatt project to commence construction this fall in order to begin delivering clean electricity to Massachusetts in 2023.
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SGMS | Hot Stocks11:34 EDT Scientific Games discloses information on SG Lottery as part of divestiture plan - Scientific Games disclosed earlier in a regulatory filing that is providing certain information with respect to its lottery business, "SG Lottery," to certain interested parties in connection with Scientific Games' previously announced evaluation of strategic alternatives for the intended divestiture of SG Lottery. In the filing, Scientific Games said SG Lottery "predominately conducts business in North America and Europe, which contributed approximately 73% and 24% of fiscal year 2020 revenue, respectively." Revenue for the business is forecast to grow at a two-year CAGR of 13.6% to fiscal year 2022, as instant lottery participation-based revenue growth for fiscal year 2021 is estimated to be 14% in the U.S. and 23% internationally and instant lottery price per thousand tickets revenue growth for fiscal year 2021 is estimated to be 28% internationally, with Italy responsible for 36% of the European revenue growth.
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PFE BNTX | Hot Stocks11:33 EDT FDA says vaccines still protect against severe Covid in booster briefing docs - The Food and Drug Administration posted briefing documents ahead of the Friday's advisory committee meeting on potential booster vaccines for Pfizer (PFE) and BioNTech's Comirnaty. The FDA said in the documents, "Some observational studies have suggested declining efficacy of Comirnaty over time against symptomatic infection or against the Delta variant, while others have not. However, overall, data indicate that currently US-licensed or authorized COVID-19 vaccines still afford protection against severe COVID-19 disease and death in the United States. There are many potentially relevant studies, but FDA has not independently reviewed or verified the underlying data or their conclusions.... Pfizer is requesting approval of the booster dose for use in individuals 16 years of age and older; therefore, safety and effectiveness of the booster dose in individuals 16 and 17 years of age would be based on extrapolation from safety and effectiveness data in adults. Effectiveness of the booster dose against the reference strain is being inferred based on immunobridging to the 2-dose primary series, as assessed by SARSCoV-2 neutralizing antibody titers elicited by the vaccine." Reference Link
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NTDOY | Hot Stocks11:19 EDT Nintendo says latest Switch updates includes Bluetooth audio device integration - Nintendo said the latest Nintendo Switch update is now available and includes the ability to pair Bluetooth devices for audio output. Reference Link
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WFC... | Hot Stocks11:02 EDT Wells Fargo announces strategic partnerships with Microsoft, Google Cloud - Wells Fargo & Company (WFC) its new digital infrastructure strategy, combining a multi-cloud approach with third-party data centers. Central to the digital infrastructure strategy is Wells Fargo's selection of Microsoft Azure (MSFT) as its primary public cloud provider and Google Cloud (GOOGL) providing additional business-critical public cloud services. "Launching our new digital infrastructure strategy is a critical step in our multiyear journey to transform Wells Fargo, making it easier for customers to do business with us and creating a better working experience for our employees," said Saul Van Beurden, Wells Fargo's head of Technology. "The Wells Fargo of tomorrow will be digital-first and offer easier-to-use products and services, and all of that starts with driving speed, scalability, and enhanced user experience through the next generation digital infrastructure strategy we're announcing today."
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WVE... | Hot Stocks10:57 EDT Privately-held Amylyx submitting application to FDA for potential ALS treatment - Privately-held Amylyx Pharmaceuticals announced earlier this morning its intention to submit a New Drug Application, or NDA, to the U.S. Food and Drug Administration for AMX0035 - sodium phenylbutyrate and taurursodiol - for the treatment of amyotrophic lateral sclerosis, otherwise known as ALS. The decision by the company to submit the application in the coming months follows recent discussions with the FDA, including a pre-NDA meeting held on July 15. "We are thrilled to move toward the U.S. submission of an NDA for AMX0035 and look forward to continuing to work with the FDA. For those living with ALS, time is the most important resource, and we remain focused on advancing AMX0035 through the clinical development process as efficiently as possible," added Justin Klee, Co-CEO, Director and Co-Founder of Amylyx. "We're endlessly grateful for all of the support and efforts of ALS Finding a Cure, the ALS Association, I AM ALS, the Healey & AMG Center at Mass General and the Northeast ALS Consortium, and all CENTAUR trial participants for their critical involvement as we approach this milestone," said Joshua Cohen, Co-CEO, Chairman and Co-Founder of Amylyx. As previously reported, Amylyx filed a New Drug Submission for AMX0035 for the treatment of ALS with Health Canada in June 2021. Amylyx also intends to submit a Marketing Authorization Application, or MAA, for AMX0035 to the European Medicines Agency's Committee for Medicinal Products for Human Use by the end of 2021 and initiate a global Phase 3 clinical trial with sites in Europe and the United States in the third quarter of 2021. In a separate press release following Amylyx's announcement, the ALS Association urged the Food and Drug Administration "to approve the treatment for all people with ALS as soon as possible." Calaneet Balas, president and CEO of The ALS Association, stated: "We are further encouraged that the FDA appears to have finally heard the loud and clear message from the ALS community that people with ALS are willing to accept greater risk to try potential treatments. We thank everyone who advocated and shared their voice with the FDA and urge the agency to approve AMX0035 swiftly." Other companies investigating potential ALS treatments include Wave Life Sciences (WVE), Seelos Therapeutics (SEEL) and BrainStorm (BCLI).
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LULU | Hot Stocks10:40 EDT Lululemon, Enel Green Power North America signs agreement with Lululemon - Enel Green Power North America announced the signing of a virtual power purchase agreement with lululemon athletica, enabling the athletic apparel company to achieve its goal of sourcing 100 percent renewable electricity across its direct operations in North America by 2021. Through the VPPA, which was facilitated by LevelTen Energy, lululemon will purchase the electricity delivered to the grid by a 15 MW portion of Enel Green Power's North America Azure Sky Wind project in Texas, equivalent to the electricity used by all of lululemon's company-operated stores, offices and warehouse facilities in North America. The agreement is lululemon's first renewable energy VPPA and underscores the company's investment to fueling its Impact Agenda. Through the VPPA lululemon will meet its renewable energy goals by aggregating the electricity load across 100 percent of their company-operated stores, offices and distribution centers in North America and purchasing wind energy equivalent to the electricity needs of their operational footprint. For its operations globally, lululemon will achieve 100 percent renewable electricity through renewable energy credits while continuing to look for opportunities to support net new renewable energy development in the regions they operate in. lululemon was advised on the VPPA by LevelTen Energy, which leveraged its Energy Marketplace and PPA analytics to assist the company in its project selection and negotiations.
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NESR | Hot Stocks10:36 EDT National Energy Services, Ulterra announce partnership in the Middle East - National Energy Services Reunited and Ulterra Drilling Technologies announced that they have entered into an agreement to deploy and use Ulterra PDC bits across various countries in the MENA and Asia region.
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GRIL | Hot Stocks10:32 EDT Muscle Maker opens Pokemoto at four new college locations - Pokemoto announced that it has opened as the exclusive food and meal provider at four new locations along with two coffee shops on campuses at Northern Virginia Community College. The NightHawk Cafes will offer various grab and go menu items, coffee, breakfast, a snack on the run, or dine-in options with a poke bowl, burrito, or salad. The four new Pokemoto NOVA locations at Alexandria, Loudoun, Manassas and Woodbridge will continue Muscle Maker's non-traditional growth strategy and key demographic of the Millennial and Gen-Z crowds while increasing the Pokemoto brands overall footprint by 29%.
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GTS | Hot Stocks10:29 EDT Triple-S, Abarca renew, expand partnership for pharmacy benefit services - Abarca, a pharmacy benefit manager, announced that Triple-S Management Corporation renewed its contract for PBM services on behalf of its managed care subsidiary, Triple-S Salud. This three-year agreement applies to the company's Medicare Advantage, Commercial, and Federal Employees Health Benefit Program lines of business. "Abarca and Triple-S have been working together for nearly a decade to deliver a better healthcare experience for members," said Jason Borschow, president and CEO at Abarca.
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TMUS... | Hot Stocks10:28 EDT T-Mobile announces body cam partnership with Visual LabsDigital Ally - T-Mobile (TMUS) announced a new partnership with Visual Labs so first responders can turn a smartphone into "an all-in-one body cam and communications solution." "More states are now requiring body worn cameras which can be a significant cost for agencies - especially in small towns or rural areas. Now, through T-Mobile's groundbreaking Connecting Heroes program, a first responder's smartphone can also become a cost-effective body camera, digital camera, audio recorder and personnel locator, helping public safety agencies improve evidence-gathering and transparency. While body cameras can cost thousands of dollars per first responder1 ... T-Mobile's solution - as little as $45/month per responder device - can bring massive savings to these agencies," the company stated. Makers of body-worn cameras for law enforcement use include Axon (AXON) and Digital Ally (DGLY).
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AUD CMLS | Hot Stocks10:11 EDT Audacy, Cumulus Media announce content distribution partnership - Audacy (AUD) and Cumulus Media (CMLS) announced a content distribution partnership that brings Cumulus's 413 radio stations and portfolio of podcasts to the Audacy digital platform. "The addition of Cumulus's expansive portfolio of leading radio stations enhances and bolsters Audacy's position as the fastest growing digital platform for radio listeners. Audacy looks forward to building on this initial partnership with Cumulus and will continue to develop new and innovative ways to super serve our listeners," said Corey Podolsky, Vice President of Business Development, Audacy.
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BAC | Hot Stocks10:10 EDT Bank of America reports August charge-offs 1.44% vs. 2.39% last month - Reports August 30-plus day delinquencies 0.90% vs. 0.92% last month.
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AMC | Hot Stocks10:00 EDT AMC Entertainment falls -6.7% - AMC Entertainment is down -6.7%, or -$3.17 to $44.13.
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RSKD | Hot Stocks10:00 EDT Riskified falls -7.2% - Riskified is down -7.2%, or -$1.88 to $24.37.
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WMS | Hot Stocks10:00 EDT Advanced Drainage falls -7.5% - Advanced Drainage is down -7.5%, or -$8.43 to $104.40.
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WHG | Hot Stocks10:00 EDT Westwood Holdings Group rises 9.4% - Westwood Holdings Group is up 9.4%, or $1.89 to $21.98.
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SM | Hot Stocks10:00 EDT SM Energy rises 9.4% - SM Energy is up 9.4%, or $1.91 to $22.17.
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IRNT | Hot Stocks10:00 EDT IronNet rises 26.0% - IronNet is up 26.0%, or $6.07 to $29.39.
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DAO | Hot Stocks09:47 EDT Youdao falls -4.8% - Youdao is down -4.8%, or -65c to $12.81.
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LVS | Hot Stocks09:47 EDT Las Vegas Sands falls -5.6% - Las Vegas Sands is down -5.6%, or -$2.15 to $36.56.
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OPAD | Hot Stocks09:47 EDT Offerpad Solutions falls -6.4% - Offerpad Solutions is down -6.4%, or -71c to $10.35.
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JKS | Hot Stocks09:47 EDT JinkoSolar rises 6.3% - JinkoSolar is up 6.3%, or $2.96 to $49.74.
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PAR | Hot Stocks09:47 EDT Par Technology rises 7.4% - Par Technology is up 7.4%, or $4.14 to $60.15.
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IRNT | Hot Stocks09:47 EDT IronNet rises 12.1% - IronNet is up 12.1%, or $2.82 to $26.14.
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CP KSU | Hot Stocks09:31 EDT Canadian Pacific to acquire Kansas City Southern for $31B in stock, cash - Canadian Pacific (CP) and Kansas City Southern (KSU) announced they have entered into a merger agreement, under which CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately $31B, which includes the assumption of $3.8B of outstanding KCS debt. The transaction, which has the unanimous support of both boards of directors, values KCS at $300 per share, representing a 34% premium, based on the CP closing price on August 9, the date prior to which CP submitted a revised offer to acquire KCS, and KCS' unaffected closing price on March 19. The combined company wwill be operating approximately 20,000 miles of rail, employing close to 20,000 people, and generating total revenues of approximately $8.7B based on 2020 actual revenues. The CP-KCS combination is expected to create jobs across the joined network. Following the closing into a voting trust, common shareholders of KCS will receive 2.884 CP shares and $90 in cash for each KCS common share held. Preferred shareholders will receive $37.50 in cash for each KCS preferred share held. The fixed exchange ratio implies a price for KCS of $300 per share, representing a 34% premium, based on the CP closing price on August 9 and KCS' unaffected closing price on March 19. Immediately following the closing into trust, KCS common shareholders are expected to own 28% of CP's outstanding common shares, providing the ability to participate in the upside of both companies' growth opportunities. Following final regulatory approval by the U.S. Surface Transportation Board, or STB, KCS shareholders would also reap the benefits of synergies resulting from the combination. The combined company is expected to create annualized synergies of approximately $1B over three years. The combination is expected to be accretive to CP's adjusted diluted EPS in the first full year following CP's acquisition of control of KCS, and is expected to generate double-digit accretion upon the full realization of synergies thereafter. To fund the stock consideration of the merger, CP will issue 44.5M new shares. Consistent with the previously announced transaction, the cash portion will be funded through a combination of cash-on-hand and raising approximately $8.5B in debt, for which financing has been committed. As part of the merger, CP will assume approximately $3.8B of KCS' outstanding debt. Following the closing into trust, CP expects that its outstanding debt will be approximately $20B. Pro forma for the transaction, CP estimates its leverage ratio against 2021E street consensus EBITDA to be approximately 3.9x with the assumption of KCS debt and issuance of new acquisition-related debt. In order to manage this leverage effectively, CP will continue to temporarily suspend its normal course issuer bid program, and expects to produce approximately $7B of levered free cash flow over the next three years. CP estimates its long-term leverage target of approximately 2.5x to be achieved within 24 months after closing into trust. The STB review of CP's proposed control of KCS is expected to be completed in the second half of 2022. Upon obtaining control approval, the two companies will be integrated fully over the ensuing three years. Following STB approval of the CP's control of KCS, CP CEO Keith Creel will serve as the CEO of the combined company. The combined entity will be named Canadian Pacific Kansas City. Calgary will be the global headquarters of CPKC, and Kansas City, Missouri will be the U.S. headquarters. The Mexico headquarters will remain in Mexico City and Monterrey. CP's current U.S. headquarters in Minneapolis-St. Paul will remain an important base of operations. Four KCS Directors will join CP's expanded board at the appropriate time.
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WINR | Hot Stocks09:29 EDT Simplicity Esports announces launch of Flamengo Esports NFT collection - Simplicity Esports and Gaming Company announced that it will launch its Inaugural Collection of Flamengo Esports Non-Fungible Tokens. The first ever minted Flamengo Esports NFT will be available for auction beginning September 27th on OpenSea.io.
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CP... | Hot Stocks09:28 EDT Canadian Pacific, Kansas City Southern confirm merger agreement - Canadian Pacific (CP) and Kansas City Southern (KSU) announced they have entered into a merger agreement, under which CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately $31B, which includes the assumption of $3.8B of outstanding KCS debt. The transaction, which has the unanimous support of both boards of directors, values KCS at $300 per share, representing a 34% premium, based on the CP closing price on August 9, the date prior to which CP submitted a revised offer to acquire KCS, and KCS' unaffected closing price on March 19. Following STB approval of the CP's control of KCS, Keith Creel will serve as the CEO of the combined company. The combined entity will be named Canadian Pacific Kansas City. Calgary will be the global headquarters of CPKC, and Kansas City, Missouri will be the U.S. headquarters. The Mexico headquarters will remain in Mexico City and Monterrey. CP's current U.S. headquarters in Minneapolis-St. Paul will remain an important base of operations. Four KCS Directors will join CP's expanded Board at the appropriate time, bringing their experience and expertise in overseeing KCS' multinational operations.
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OMQS | Hot Stocks09:25 EDT Omniq receives ten-year contract from La Sierra University - omniQ announced it has received a 10-year contract from La Sierra University to deploy its PERCS software for campus parking management. The contract includes an upgrade to OMNIQ's new eCite Pro LPR system, enabling license plate digital chalking for time-based parking enforcement. In addition, the university has entered into a Gold Service Level Agreement with omniQ to provide 24/7/365 support coverage. The agreement provides terms for remote, onsite, upgrade, warranty, maintenance, and hardware replacement throughout the term.
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COLM | Hot Stocks09:23 EDT Columbia Sportswear announces multi-year sponsorship with USA Curling - Columbia Sportswear announces a multi-year sponsorship with USA Curling. Columbia will be working closely with the USA Curling National Team Program, including the Men's, Women's, Junior, and Wheelchair National Teams, and debuting new competitive uniforms on Curling Night in America airing on the NBC Sports Network starting September 19.
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LILA | Hot Stocks09:22 EDT Liberty Latin America unit Mas Movil to acquire Claro Panama in all cash deal - Liberty Latin America announced that its 49%-owned subsidiary Cable & Wireless Panama has agreed to acquire America Movil operations in Panama . The all-cash transaction values Claro Panama at an enterprise value of $200 million on a cash- and debt-free basis. This equates to a mid-single digit acquisition multiple of Claro Panama's fiscal year 2020 Adjusted OIBDA, including projected annual run-rate synergies. Balan Nair, President and CEO of Liberty Latin America, commented, "We are delighted to further increase our commitment to Panama through today's announced acquisition of Claro Panama. The integrated business will operate over a network with extensive coverage and invest to deliver innovative mobile products and services for Panamanian consumers and B2B customers, including via leading technologies such as 5G. We at Liberty Latin America have established our group Operations Center in Panama and see the country as an important digital hub for the region, which we expect to drive growing demand for our full suite of mobile and fixed connectivity solutions. The valuation for the acquisition is consistent with our disciplined approach towards M&A and will be free cash flow accretive on a per share basis." The acquisition is intended to be financed using cash and incremental borrowings at Cable & Wireless Panama. Completion of the transaction is subject to certain customary closing conditions, including regulatory approvals, and is expected to close in the first half of 2022.
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EXAS PFE | Hot Stocks09:22 EDT Exact Sciences says expanded primary care sales team by hiring Pfizer employees - Exact Sciences (EXAS) announced it has expanded its primary care sales team to increase adoption of Cologuard and its pipeline of other cancer screening tests. "In late August, Pfizer (PFE) announced internally that it decreased the number of sales positions supporting its Internal Medicine therapeutic area. The displaced employees had been promoting Cologuard under an agreement between Exact Sciences and Pfizer. Exact Sciences offered the displaced Pfizer sales representatives opportunities to join its team in full-time sales roles promoting Cologuard, and the vast majority of those offers were accepted. Exact Sciences completed an expedited hiring process and onboarded approximately 400 sales representatives in September, increasing the size of its primary care field sales team to more than 850 representatives. Exact Sciences expects the newly hired representatives to be more productive as its own employees, fully dedicated to its mission to eradicate cancer, and better able to coordinate interactions with health care providers as one team. Exact Sciences' newly expanded team is in the field and interacting with health care providers in person, focused solely on Cologuard initially. Pfizer is currently promoting Cologuard with a smaller team under the Promotion Agreement; however, due to its recent COVID-19 internal policies, which are different from Exact Sciences', Pfizer is not making in-person sales calls in 41 states. Exact Sciences is in discussions with Pfizer that could result in material changes to the Promotion Agreement and its relationship with Pfizer," the company stated in a regulatory filing.
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QPLX | Hot Stocks09:19 EDT QOMPLX offers free trial of Q:SCAN vulnerability scanning tool - QOMPLX is excited to offer the first-ever limited time free trial of Q:SCAN, a powerful internet attack-surface scanning and scoring solution that helps organizations identify, monitor, and fix external cyber exposures. QOMPLX's Q:CYBER suite, including Q:SCAN, the comprehensive solution combining external attack surface intelligence with internal telemetry from Active Directory, log sources, and other security tool feeds. With Q:SCAN's user-friendly interface, customers can quickly identify all of their internet-connected assets, find the associated vulnerabilities, and plug holes in their perimeter security.
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VMAC AMZN | Hot Stocks09:19 EDT Amazon Prime, Anghami collaborate in Saudi Arabia, UAE on Anghami Plus - Amazon and Anghami announced that Amazon Prime members in Saudi Arabia and the UAE can enjoy an exclusive six-months free offer on Anghami Plus, Anghami's premium paid tier, with their Prime membership. Delivering the ultimate music experience from Anghami, Prime members in Saudi Arabia and the UAE will receive a free six-month subscription to Anghami Plus, followed by 50% off the subscription fee for the next six months. Earlier on August, 3 2021, Vistas Media Acquisition Company Inc. and Anghami announced the submission of a confidential Draft Registration Statement on Form F-4 to the U.S. Securities and Exchange Commission with respect to their proposed business combination.
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AMPE | Hot Stocks09:18 EDT Ampio reports top-line Phase 3 results of Ampion in knee osteoarthritis - Ampio announced top-line results from AP-013, a randomized, saline-controlled, double-blind Phase III clinical study evaluating the efficacy of an intra-articular injection of Ampion in adults with pain due to severe osteoarthritis of the knee. In the study, Ampion demonstrated a statistically significant reduction in pain and improvement in function at 12 weeks in severe OAK patients. The AP-013 study was designed to confirm the efficacy of an IA injection of Ampion for the treatment of patients with severe OAK and the second of the two required Phase III pivotal trials. The FDA has acknowledged that Ampion has demonstrated efficacy in OAK patients after accepting AP-003-A as the first of two required Phase III pivotal studies. A statistical analysis of data from the 725 patients that the company believed not to have been impacted by the pandemic demonstrated a statistically significant reduction in pain and improvement in function vs. a critical p-value of 0.05, at 12 weeks with Ampion treatment compared to saline control. These results obtained are consistent with the results from severe OAK patients in prior OAK trials conducted by the company. No treatment-related serious adverse events were observed among the cohort of patients who received Ampion.
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CVLY | Hot Stocks09:17 EDT Codorus Valley Bancorp appoints Craig Kauffman as president, CEO - Codorus Valley Bancorp announced that as part of the Company's long-term succession plan, the Board of Directors has appointed Craig Kauffman President and CEO of the Company effective October 1, 2021. Mr. Kauffman will succeed Larry Miller, who served the Company as President and CEO since 1986. Mr. Miller will serve as Executive Chair of the Company and will continue in his role as Executive Chair of PeoplesBank until December 31, 2021. Kauffman is currently the EVP and COO of the Company and has been a member of the Board of Directors since 2019.
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VZ | Hot Stocks09:12 EDT Verizon chosen by Speak Loud Media business as new service provider - Verizon Business announced its newest customer: Speak Loud Media, a marketing and advertising firm. "We are honored to count Speak Loud Media and owner DJ Shirley with his small but mighty team as a new Verizon Business customer," said Sampath Sowmyanarayan, Chief Revenue Officer for Verizon Business. "...Businesses like this represent our commitment to delivering reliable and unmatched quality connectivity and technology solutions so they can grow and connect in more meaningful ways with their customers." Shirley, founder and president of the three-person operation, approached Verizon Business when the company's previous provider failed to deliver reliable wireless services. After a consultative discussion with one of Verizon's small business experts, he discovered he could also access other solutions like Business Mobile Secure.
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CWBR | Hot Stocks09:10 EDT CohBar appoints Joanne Yun to board of directors - CohBar announced the appointment of Joanne Yun, Ph.D. as an independent director on the company's Board, effective September 14, 2021. DYun brings extensive research and development, commercial, and governance experience from the pharmaceutical industry. Yun is a partner at Egon Zehnder and is currently a member of the firm's Health Practice. In addition to her board and executive leadership work for global pharmaceutical and biotechnology companies, Yun leads the Research & Development segment of Egon Zehnder's Health Practice.
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ABCL MRNA | Hot Stocks09:08 EDT AbCellera in pact with Moderna to find therapeutic antibodies for mRNA medicines - AbCellera (ABCL) announced that it entered into a multi-year, multi-target research collaboration and license agreement with Moderna (MRNA) to leverage AbCellera's AI-powered technology to search and analyze natural immune responses to identify therapeutic antibodies against up to six targets selected by Moderna. "Over the past year, Moderna has demonstrated the speed and impact of its mRNA vaccine technology in helping to protect people around the world," said Carl Hansen, Ph.D., CEO and President of AbCellera. "We are excited to work alongside their team to advance RNA-encoded antibodies as a new frontier in genetic medicines." Under the terms of the agreement, Moderna will have the rights to develop and commercialize antibodies resulting from the collaboration. AbCellera will receive research payments and is eligible to receive from Moderna downstream clinical and commercial milestone payments and royalties on net sales of products.
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PRGS | Hot Stocks09:08 EDT Progress Software announces availability of Progress Sitefinity DX 14.0 - Progress announced the availability of Progress Sitefinity DX 14.0. This agile, flexible and extensible platform allows organizations to create an ideal digital experience platform tailored to their unique needs and objectives with new capabilities for low-code integration and chat-driven engagement, as well as enhanced headless content delivery.
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DTST | Hot Stocks09:08 EDT Data Storage announces promotion of Pannullo to Director of Infrastructure - Data Storage announced the promotion of Larry Pannullo to Director of Infrastructure, where he will be responsible for overseeing the Company's data centers and hardware resources. Pannullo's new responsibilities will include evaluating current and future enterprise infrastructure needs, managing infrastructure resource objectives, as well as creating budgets and policies to help support the company's enterprise infrastructure. Previously, he served as Senior System Engineer at Data Storage Corporation.
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CME | Hot Stocks09:08 EDT CME Group to launch E-mini Russell 2000 Monday and Wednesday Weekly options - CME Group will launch E-mini Russell 2000 Monday and Wednesday Weekly options on October 4, pending regulatory review. These new options contracts will complement the existing Friday Weekly, End-of-Month and Quarterly options on Russell 2000 futures. Similar to their counterparts, these new weekly options will be European-style, with a 4 p.m. ET expiry on Mondays and Wednesdays. These contracts are E-mini sized option contracts with a $50 multiplier.
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CARG | Hot Stocks09:07 EDT CarGurus rolls out Instant Max Cash Offer to five more states - CarGurus continues to broaden availability of its latest digital retailing feature, CarGurus Instant Max Cash Offer, to five more states. Now, consumers in Georgia, Michigan, Pennsylvania, Connecticut and Rhode Island can sell their vehicles 100% online and instantly get the best offer from thousands of dealerships in the CarGurus/CarOffer network, who will gain access to this exclusive inventory at a time when demand for used vehicles is at record high. This rollout follows the successful initial launch of CarGurus Instant Max Cash Offer in Florida, Massachusetts and Texas in July.
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CNHI NKLA | Hot Stocks09:06 EDT CNH Industrial, Nikola sign MoU with Hamburg Port Authority - IVECO, the commercial vehicles brand of CNH Industrial (CNHI) and Nikola Corporation (NKLA), signed a Memorandum of Understanding, or MoU, with Hamburg Port Authority AoR during the inauguration of their joint-venture manufacturing facility in Ulm, Germany. The agreement states their joint intent to partner in two phases encompassing up to 25 Nikola Tre battery-electric vehicles, or BEVs, for delivery to the Port throughout 2022. The first phase involves testing of the Nikola Tre BEVs at the port for transport and logistics operations together with charging solutions. A more definitive second phase in the project partnership plans to see the full integration of the BEV vehicles in port operations, installation of charging infrastructure and on-site service support including major suppliers. The vehicles provided for these two phases will be the US version of the Nikola Tre with special permissions for in-port operation. Nikola CEO Mark Russell said, "Nikola is also working on a similar program in the United States. These types of landmark agreements continue to reinforce the global shift we are seeing toward a new zero-emission future."
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RAD YOU | Hot Stocks09:06 EDT Rite Aid partners with Clear Secure to offer digital COVID-19 vaccine card - Rite Aid (RAD) announced a partnership with Clear (YOU) to offer Rite Aid customers the ability to access and share their proof of COVID-19 vaccination with Clear's digital vaccine card and Health Pass. Customers vaccinated at any Rite Aid location can supplement their paper vaccination card with a verified digital version accessible on their mobile device. The secure digital vaccine card can be linked to Clears Health Pass, a screening solution that has been used by more than 130 organizations.
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CSU | Hot Stocks09:05 EDT Ortelius opposes Capital Senior Living deal with Conversant Capital - Ortelius Advisors which owns approximately 12.7% of the outstanding common stock of Capital Senior Living Corporation released a detailed presentation regarding its opposition to the Company's proposed financing transactions with Conversant Capital . Ortelius urges Capital Senior Living's stockholders to vote against all of the Company's proposals on the GOLD proxy card at the upcoming meeting of stockholder on October 12. Peter DeSorcy, Managing Member of Ortelius, commented: "Our detailed presentation demonstrates that Capital Senior Living's Board of Directors ran a deeply-flawed process for assessing the Company's capital needs and financing options. Our analysis indicates that over the course of the first half of 2021, the Board of Directors overlooked the industry's recovery, the Company's improving fundamentals and a world awash in trillions of dollars in liquidity at historically low interest rates and credit spreads. This is why stockholders are now being asked to vote on a series of costly, dilutive and unnecessary transactions that would effectively hand control of the business to Conversant at a material discount. Fortunately, stockholders can reject the Proposed Transactions at the upcoming Special Meeting and put the Company in a position to evaluate what we believe are readily available and viable financing alternatives. As outlined in our presentation, Ortelius believes there are superior alternatives for the Company to consider if the Proposed Transactions are voted down. We are prepared to participate as a backstop and subscribe well beyond our pro rata share in a new equity rights offering, provided that such an offering is decoupled from the Proposed Transactions. Ortelius views this as a clear path to raising up to $70 million in capital - a sum that we believe can more than satisfy Capital Senior Living's near-term needs. We encourage our fellow stockholders to review our full presentation to assess this path and other options."
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NKLA CNHI | Hot Stocks09:05 EDT Nikola and CNH Industrial's Iveco sign MoU for electric trucks in Hamburg - Nikola (NKLA) and Iveco, the commercial vehicles brand of CNH Industrial (CNHI) signed a Memorandum of Understanding with Hamburg Port Authority AoR during the inauguration of their joint-venture manufacturing facility in Ulm, Germany. The agreement states their joint intent to partner in two phases encompassing up to 25 Nikola Tre battery-electric vehicles for delivery to the Port throughout 2022. The first phase involves testing of the Nikola Tre BEVs at the port for transport and logistics operations together with high-performance charging solutions. A more definitive second phase in the project partnership plans to see the full integration of the BEV vehicles in port operations, installation of charging infrastructure and on-site service support including major suppliers.
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HLT | Hot Stocks09:05 EDT Hilton, Mars Petcare partner on pet-friendly travel - Hilton and Mars Petcare announced they are teaming up to set a new standard for pet-friendly travel. Leveraging insights from Mars Petcare's BETTER CITIES FOR PETS program, Hilton's Extended Stay brands, Homewood Suites by Hilton and Home Suites by Hilton will implement pet-focused programming and benefits in the U.S. and Canada to become a pet hero for guests. Additionally, by January 1, 2022, Homewood Suites will join Home2 Suites to become a 100% pet-friendly brand across its portfolio of hotels and both brands will introduce consistent pet fees, starting at $50 per stay.
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DCT | Hot Stocks09:05 EDT Duck Creek Technologies announces AcordPay joins Partner Ecosystem - Duck Creek Technologies announced that AcordPay, an insurance payments technology company that provides payment solutions including ClearPay, a service which enables producers to issue premium payments and to automate reporting to insurers, has joined the provider's Partner Ecosystem. An Anywhere Enabled Integration with ClearPay, now available on Duck Creek's Content Exchange, enables insurers to receive premium payments and corresponding reconciliation data and to directly import this into Duck Creek Billing. ClearPay is integrated into major agency management systems, which gives producers the ability to set amounts payable, payment dates, and the ability to electronically approve payments to insurers without leaving their agency management systems. ClearPay delivers remittance advice directly to Duck Creek Billing, and transfers funds on the required date from the designated bank account of the producer to that of the insurer, both for monthly receivables and for one-time payments. Duck Creek Billing enables P&C carriers to offer flexible billing and payment choices based on customer needs. "This integration eliminates the tedious process for an insurer of manually reconciling all producer payments, while simultaneously reducing handling time and posting errors," said Elizabeth Del Ferro, Vice President of Partner GTM at Duck Creek Technologies. "With this assurance of payment from producers, insurers can also improve their ability to forecast cash flows. AcordPay offers a highly valuable service to our mutual customers, and we are delighted to welcome them into our Partner Ecosystem."
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NWVCF | Hot Stocks09:04 EDT EnWave says Scitek acquires 10kW REV machine from Helius - EnWave's exclusive channel partner representing REV technology in Australasia has agreed to purchase the 10kW non-GMP REV machine from Helius Therapeutics for the purposes of showcasing the technology's capabilities to a plethora of new potential licensees in both the food and cannabis verticals. Scitek will install their 10kW machine close to Melbourne, Australia and make it available to any interested third-parties for testing and product development. Concurrently with the transfer of machine ownership to Scitek, Helius and EnWave agreed to terminate their license agreement. Former Helius management purchased a non-GMP REV machine that is not compatible with their full GMP facility classification.
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NWVCF | Hot Stocks09:04 EDT EnWave signs royalty-bearing license with Australian cannabis company - EnWave announces that it has signed a royalty-bearing commercial license with a fourth Australia based cannabis company. The License grants AusCo the right to use EnWave's patented Radiant Energy Vacuum technology for the production of cannabis products in Australia. AusCo has purchased a 10kW REV machine that will be used to dry cannabis flower for use in medicinal products. This REV machine will be built to the standard of Good Manufacturing Practices which will facilitate AusCo to manufacture EU GMP grade medical cannabis products for export to Europe and other global export markets.
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VHC DIS | Hot Stocks09:04 EDT VirnetX names Kathy Allanson as CFO, Dr. Victor Larson as CTO - VirnetX (VHC) announced that it has promoted Dr. Victor Larson to Chief Technical Officer and has hired Kathy Allanson as its new CFO. Dr. Victor Larson is promoted to CTO from his previous position of Vice President of Research and Development. Dr. Larsen is a co-inventor of the VirnetX technologies. Prior to joining VirnetX, Dr. Larson worked for over 20 years doing system engineering, software design and technical program management under contract to many branches of the Department of Defense and the intelligence community. Allanson's prior employment includes positions at Arthur Andersen LLP and The Walt Disney Company (DIS). Dr. Robert Dunham Short III continues as VirnetX Chief Scientist and Board of Directors member.
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SUMO | Hot Stocks09:02 EDT Sumo Logic expands customer base, partner network in Europe - Sumo Logic announced it has expanded its customer base and partner network in Europe. Companies including the likes of Catena Media, Elwood, HelloFresh, Snoop and more have implemented Sumo Logic to support their security, operations and business intelligence initiatives and unify their data analytics strategies. In addition, Sumo Logic will be showcasing how to power modern business with real-time insights across observability and security at its 5th annual Illuminate user conference September 28-29, 2021. The event will feature best practices, customer presentations, technical and thought leader sessions in an interactive virtual experience. Sumo Logic has significantly expanded its rich ecosystem of partners in Europe with additional distributors, channel organisations, managed security services providers, and managed detection response provider to deliver comprehensive solutions and expertise for monitoring, troubleshooting and security of modern applications. Sumo Logic has significantly expanded its partner network year over year to help extend how they develop, operate, and secure their applications at cloud scale. Sumo Logic is expanding its long-standing EMEA presence with leading partners including Managed Detection and Response leader eSentire, and recently added Computacenter to its partner programme in the UK. Sumo Logic's existing distributor Westcon has also expanded the number of leading security partners that it works with, while Sumo Logic has also added distributors e92plus and ICOS to its partner programme.
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MGP | Hot Stocks09:02 EDT MGM Growth increases quarterly dividend to 52c per share - MGM Growth Properties declared a quarterly cash dividend of 52c per Class A common share for Q3. On an annualized basis, the dividend of $2.08 represents an increase of 2c per share. The dividend will be payable on October 15 to shareholders of record as of the close of business on September 30.
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SYPR | Hot Stocks09:01 EDT Sypris gets contract for modules to upgrade electronic warfare for U.S jets - Sypris Electronics, a subsidiary of Sypris Solutions announced that it has recently received an award from a U.S. DOD contractor to produce and test multiple power supply modules for the upgrade of the electronic warfare suite of certain U.S. fighter jets. Production is expected to begin in 2021. Terms of the agreement were not disclosed. According to news sources, the system will deliver fully integrated radar warning, situational awareness, geolocation, and self-protection capabilities to maximize mission effectiveness and survivability of the aircraft in highly contested environments. This advanced, all digital system enables deeper penetration against modern integrated defense systems and provides rapid response capabilities designed to protect the aircrew. "The system is a leading-edge technology program for the fighter aircraft platform and we are excited to be a part of this technically-advanced enhancement," said Mark Kane, Vice President & General Manager of Sypris Electronics. "Our customer is a worldwide leader in providing advanced electronic systems for the warfighter. We are pleased to have this opportunity to continue our relationship with this important customer."
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ZM | Hot Stocks09:01 EDT Zoom Video announces reseller partner program for Zoom Phone BYOC - Zoom Video Communications announced that its reseller partners will have the opportunity to sell Zoom Phone Bring Your Own Carrier licenses. They will also be able to connect customers who use enhanced cloud peering to access PSTN to Zoom Phone Provider Exchange, a new way to discover providers and follow a self-service journey to provision phone numbers securely. Zoom is currently running a pilot program for select resellers that meet the requirements to sell Zoom Phone BYOC and expects to welcome a wider pool of resellers by the end of the year. Previously, only Zoom Master Agents had the opportunity to refer deals for Zoom Phone and Zoom Phone BYOC. Now Zoom's reseller partners from around the world who meet the requirements and qualify will be authorized to resell Zoom Phone BYOC.
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CNI... | Hot Stocks08:54 EDT Kansas City Southern says Canadian Pacific proposal superior, terminates CN deal - Kansas City Southern (KSU) announced that the company's board, in consultation with its financial and legal advisors, has unanimously determined that the acquisition proposal KCS received from Canadian Pacific Railway (CP) on September 12 continues to constitute a "Company Superior Proposal" under KCS's pending merger agreement with Canadian National Railway (CNI). KCS also announced that it entered into a waiver letter agreement today with CN under which CN agreed to waive the five-business day match period under the CN merger agreement and KCS agreed to terminate the CN merger agreement. Following the KCS board's determination and the execution of the waiver letter, KCS terminated the CN merger agreement and is entering into a merger agreement with CP. Under the terms of the CP merger agreement, upon closing of CP's voting trust, each share of KCS common stock will be exchanged for $90 in cash and 2.884 shares of CP common stock. In addition, holders of KCS preferred stock will receive $37.50 in cash for each share of KCS preferred stock held. Closing will be subject to approval by the stockholders of CP and KCS, receipt of regulatory approvals and other customary closing conditions. In connection with the termination of the CN merger agreement, KCS is paying CN a breakup fee of $700 million and will also pay CN an additional $700 million in return of the $700 million previously paid by CN to KCS to reimburse the termination fee paid to CP in May. Both of these payments will be reimbursed to KCS by CP. KCS will be obligated to refund CP's reimbursement under certain limited circumstances, including if KCS terminates the CP merger agreement to accept a superior proposal. In light of the termination of the CN merger agreement, KCS has cancelled the previously announced Special Meeting of Stockholders for KCS stockholders on September 24, 2021 to vote on the CN merger agreement. KCS will schedule a new Special Meeting of Stockholders for KCS stockholders to vote on the CP merger agreement in due course.
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MEEC | Hot Stocks08:49 EDT ME2C completes initial testing of Rare Earth Element Technology - Midwest Energy Emissions announced that Pennsylvania State University's College of Earth and Mineral Sciences has completed the initial round of testing to evaluate the company's new Rare Earth Element Technology. "The initial results received by Penn State's College of Earth and Mineral Sciences will lead to the further testing and development of this emerging technology focused on rare earth capture, as well as the cleanup of coal ash ponds and wastewater from coal-fired power plants," stated Richard MacPherson, CEO of ME2C Environmental. "We expect to have Penn State continue with the evaluation of the technology's extraction capacity of certain rare earth elements as well as its regeneration potential and other factors necessary to move forward with pilot scale testing. The careful vetting of this technology was thoughtfully planned as we began down this path nearly two years ago in collaboration with Dr. Scott Drummond. We believe that the cleanup of coal ash ponds and runoff heavily contaminated with coal refuse is the leading environmental concern facing the U.S. and the energy sector today and we are hopeful to bring a cost-effective, environmentally sound solution to market as we move into early 2022."
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AGRI | Hot Stocks08:48 EDT AgriFORCE to acquire food production, processing IP from Manna Nutritional Group - AgriFORCE Growing Systems announces that it has entered into a material definitive agreement to acquire the intellectual property from Manna Nutritional Group. The IP encompasses patent-pending technologies to naturally process and convert grain, pulses and root vegetables, resulting in low-starch, low-sugar, high-protein, fiber-rich baking flour products, as well as a wide range of breakfast cereals, juices, natural sweeteners and baking enhancers. The core process is covered under a pending patent application in the U.S. and key international markets. This all-natural process is designed to unlock nutritional properties, flavor and other qualities in a range of modern, ancient and heritage grains, pulses and root vegetables - creating specialized all-natural baking and all-purpose flours, sweeteners, juices, naturally sweet cereals and other valuable products, providing numerous opportunities for dietary, nutritional, performance and culinary applications. Key identified advantages of this production process: The Company's independent lab testing indicates that MNG's soft white wheat baking flour contains up to 46% fiber, 23% protein and only 8% starch, which results in 45 times more fiber, up to 3 times more protein and provides only 11% of the starch found in standard/commercial all-purpose baking flour.
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SOLO | Hot Stocks08:47 EDT ElectraMeccanica to launch customer deliveries of SOLO EV - ElectraMeccanica Vehicles announced that it is starting customer deliveries of its single-occupant, three wheeled, all electric vehicle, the SOLO. The company will officially begin delivering keys to customers at a special launch event scheduled for October 4th in Los Angeles. Deliveries to other reservation holders and customers will steadily increase as production continues to ramp. ElectraMeccanica began production of the SOLO EV a year ago with its manufacturing partner and strategic investor, Zongshen Industrial Group. These initial production vehicles were primarily used for retail expansion, test drive events, fleet demonstrations, marketing and final on-road engineering enhancements. "This is the 'Key Moment' we've all been eagerly anticipating: We're announcing the delivery of the first SOLOs to excited customers," said Paul Rivera, President and CEO of ElectraMeccanica. "This is a major milestone for ElectraMeccanica and the EV industry, and I'm incredibly proud of the work our entire team and partners have put in to make this day a reality." ElectraMeccanica has a retail footprint in five western states: Arizona, California, Colorado, Oregon, and Washington. The SOLO is a purpose-built, three-wheeled, all-electric solution for the urban environment.
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QUISF | Hot Stocks08:45 EDT Quisitive finalizes contract with Paytron Merchant Services - Quisitive Technology Solutions has announced that it has finalized a contract with Paytron Merchant Services, a Passport Technology company, to provide payment processing services, making it among the first major secured LedgerPay contracts with an Independent Sales Organization customer. ISOs resell payment services from payment processors, such as LedgerPay. Paytron is a merchant services provider that enables payment processing for resort and casino merchants. The agreement between Paytron and Quisitive LedgerPay will provide Paytron the opportunity to employ LedgerPay's advanced payment processing services to its customers. Compared to alternative processing partners, LedgerPay provides increased automation, enhanced efficiencies, and decreased overhead.
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POAI | Hot Stocks08:45 EDT Predictive Oncology appoints Raymond Vennare to board of directors - Predictive Oncology announces that Raymond Vennare was elected to the Board of Directors, pursuant to action of the Board effective September 13, 2021. Currently, Vennare is Chief Executive Officer and Chairman of the Board of Cvergenx, a genomic informatics company developing decision-support tools for radiation oncology.
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PDSB | Hot Stocks08:43 EDT PDS Biotechnology reports inducement grant under Nasdaq listing rule - PDS Biotechnology Corporation announced that the compensation committee of the board of directors of the Company approved, on September 13, 2021, an equity award to Gregory Reid, the Company's new VP of Program Development, as a material inducement to Mr. Reid entering into employment with PDS Biotech. An inducement grant of 63,800 shares of PDS Biotech's common stock, in accordance with Nasdaq Listing Rule 5635(c)(4), was awarded as part of Mr. Reid's compensation. The awards were granted under PDS Biotech's 2019 Inducement Plan, as amended, in accordance with Nasdaq Listing Rule 5635(c)(4) and provides for the granting of equity awards to new employees of PDS Biotech. The option award has an exercise price of $14.99, the closing price of PDS Biotech's common stock on September 13, 2021. The option award vests over a four-year period, with one-quarter of the shares vesting on the first anniversary of the grant date and then monthly over the following 36 months, subject to continued employment with the company through the applicable vesting dates.
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QNTA | Hot Stocks08:42 EDT Quanta's Medolife Rx completes bi-annual visit from MOE to scorpion reservation - Medolife Rx, which is a majority owned subsidiary of Quanta, announced that the company received positive feedback from its bi-annual visit by the Ministry of Environment, or MOE, of the Dominican Republic, or DR, to its scorpion reservation in the local Neyba province. The formal visit resulted as part of the joint venture partnership between Medolife and the MOE by the surveying commission, where the company was able to meet certain contract points of the agreement. The Company has been engaged with the MOE of the DR in a joint venture on the development of a scorpion reservation and investigation on endemic wildlife in the Neyba province since 2008. The visit took place on September 11, 2021, where The Director of Biodiversity of the MOE and his team visited the facility and shared an overall positive assessment of the facility. This assessment led to the satisfaction of the purpose of the visit and the renewal of the ongoing relationship between the MOE and Medolife. The scorpion reservation serves as the Company's main source of peptide production that is used in most of its pharmaceutical and nutraceutical products.
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BGRY | Hot Stocks08:42 EDT Berkshire Grey announces global availability of RPP solutions - Berkshire Grey announced global availability of its Robotic Pick and Pack solutions. Berkshire Grey RPP solutions automate picking and packing of items directly from inventory totes to outbound customer shipping packages. This solution improves operational efficiency for fulfillment centers, reduces shipping costs and lowers the environmental impact of eCommerce orders. Berkshire Grey's RPP solution is in deployment - including at SoftBank Logistics' flagship fulfillment center in Ichikawa, Japan -- and is now available to customers across the globe needing to improve throughput at their eCommerce fulfillment operations while facing unprecedented labor shortages. The Berkshire Grey RPP solution is engineered to integrate with eCommerce operations commonly run by retailers, third party logistics providers and pure-play eCommerce brands.
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IRNT | Hot Stocks08:41 EDT IronNet up about 14% in pre-market trading at $26.64 per share - Shares of IronNet are up about 14% at $26.64 in pre-market trading following yesterday's 20.3% advance. The stock is the highest trending ticker on WallStreetBets Reddit thread and is also in the top-10 on StockTwits in terms of message volume over the past 24 hours.
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SVFD | Hot Stocks08:41 EDT Save Foods says SiCar Farms Mexico facilities all use Save Foods product - Save Foods announces that Following the company's Press release from June 15 2021 SiCar Farms Mexico advised that all their facilities are now using Save Foods product.
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CHRS | Hot Stocks08:40 EDT Coherus, Junshi announce results from Phase 3 study of toripalimab - Coherus BioSciences and Shanghai Junshi Biosciences announced publication of a cover article in the September issue of Nature Medicine featuring clinical data from the pivotal study "JUPITER-02", a randomized, double-blind, placebo-controlled Phase 3 clinical trial evaluating toripalimab plus chemotherapy for the first-line treatment of recurrent or metastatic nasopharyngeal carcinoma, or NPC. Titled "Toripalimab or placebo plus chemotherapy as first-line treatment in advanced nasopharyngeal carcinoma: a multicenter randomized phase 3 trial," the paper highlights that the addition of toripalimab to standard of care gemcitabine-cisplatin chemotherapy as a first-line treatment for patients with recurrent or metastatic NPC provided superior progression free survival compared to GP alone, and with a manageable safety profile. The impact of the addition of toripalimab on PFS was demonstrated in patients regardless of PD-L1 expression status. Although overall survival data were not yet mature, as of February 18, 2021, a 40% reduction in risk of death was observed in the toripalimab arm compared to the placebo arm. The incidence of grade greater than or equal 3 to treatment emergent adverse events, TEAEs leading to discontinuation of toripalimab/placebo, and fatal TEAEs was similar between both arms. Immune-related adverse events and Grade greater than or equal to 3 irAEs were more frequent in the toripalimab arm. The full results can be found in the on-line edition of Nature Medicine. A biologics license application has been submitted to the U.S. Food and Drug Administration for toripalimab in combination with gemcitabine and cisplatin for first-line treatment for patients with advanced recurrent or metastatic NPC and toripalimab monotherapy for second-line or above treatment of recurrent or metastatic NPC after platinum-containing chemotherapy.
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XPEV | Hot Stocks08:40 EDT XPeng launches XPeng P5 smart family sedan - XPeng officially launched its third production model, the XPeng P5 smart family sedan. P5 is immediately available for order in six configurations in China in a recommended retail price range from $24,484 to $34,717. Customer delivery in China will start at the end of October.
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HEAR | Hot Stocks08:39 EDT Turtle Beach becomes official sponsor of UCSD Esports - Turtle Beach announced it has become an official sponsor of UCSD Esports and the primary gaming accessories provider for UC San Diego's new Triton Esports Center, TEC. Through the new partnership, Turtle Beach will provide UC San Diego's competitive esports teams with premier gaming accessories. Turtle Beach is providing its legendary Elite Pro 2 competitive gaming headset and best-selling Stealth 600 wireless console headsets. Additionally, ROCCAT - Turtle Beach's award-winning PC brand - is providing an assortment of its latest precision PC equipment like the Kone Pro mice, Vulcan TKL Pro keyboards, Elo 7.1 USB PC headsets, and more. Turtle Beach is also allocating funds to support the UCSD Esports scholarship program to help student-athlete gamers study at a world class institution and compete in the dynamic world of collegiate esports.
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TRIT PSN | Hot Stocks08:38 EDT Triterras appoints Perry Mangers as VP, financial reporting - Triterras (TRIT) announced the appointment of Perry Mangers, CPA, to the newly created role of Vice President of Financial Reporting. He will report to CFO Alvin Tan. Most recently, Mangers was Director of Financial Reporting for Parsons (PSN), a technology-focused defense, intelligence, security, and infrastructure engineering firm.
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JAGX | Hot Stocks08:38 EDT Jaguar Health unit Napo gets ODD for crofelemer to treat SBS-IF - Jaguar Health announced that the European Medicines Agency,EMA, has confirmed that the Orphan Drug Designation, ODD, application for crofelemer submitted by Napo the Italian subsidiary of Napo Pharmaceuticals for the indication of short bowel syndrome with intestinal failure, SBS-IF, has been accepted for review. Confirmation from the EMA that the submission is accepted starts the formal review process of the application by the EMA's Committee for Orphan Medicinal Products COMP. Napo EU's initial focus is on pursuing the EMA's conditional marketing authorization pathway in Europe for crofelemer for this important orphan disease indication. "We are very happy that the orphan drug designation application for crofelemer for SBS-IF is now with the EMA," stated Lisa Conte, Jaguar's president and CEO and Napo EU board member. "Looking forward, upon receipt of a positive opinion from the COMP, crofelemer will be eligible for granting of orphan drug designation by the EMA for this indication. Receipt of orphan drug designation would support a conditional marketing authorization pathway for SBS-IF, which provides a fast-track review of a medicine that fulfills an unmet medical need."
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CNI... | Hot Stocks08:37 EDT CN receives notice of termination of KCS merger agreement - CN announced that Kansas City Southern has provided notice of termination of the previously announced May 21, 2021 definitive merger agreement with CN. In connection with KCS' termination of the CN merger agreement, KCS will pay CN the $700 million cash "Company Termination Fee" as well as the $700 million cash "CP Termination Fee Refund" provided for in the CN merger agreement. CN is also not obligated to pay any termination fees as a result of the termination of the CN merger agreement. The notice of termination from KCS follows the mutually agreed early termination of the match period provided for in the CN merger agreement. While CN continues to believe that a CN-KCS combination would have enhanced competition and delivered many other compelling benefits for stakeholders, there have been significant changes to the U.S. regulatory landscape since CN launched its initial proposal which have made completing any Class I merger much less certain, including an Executive Order focused on competition issued by President Biden in July. "While we are disappointed that we will not be able to deliver the many compelling benefits of this transaction to our stakeholders, the decision to bid for KCS was a bold and strategic move that still resulted in positive outcomes for CN. We believe that the decision not to pursue our proposed merger with KCS any further is the right decision for CN as responsible fiduciaries of our shareholders' interests. CN will continue to pursue profitable growth and opportunities for excellence as a leading Class I railroad, and we look forward to outlining more details on our strategic, operational and financial priorities in the near future," said JJ Ruest, President and Chief Executive Officer of CN.
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ZKIN | Hot Stocks08:36 EDT ZK International Group invests additional $10M in Maximbet.com - ZK International Group is pleased to announce that it has made an additional investment of $10M in Maximbet.com, increasing its ownership stake in the rapidly-growing sports betting and casino operator to 15.73%. Maximbet is a privately-held multi-state and globally licensed sports betting and casino operator hyper-focused on capitalizing on the expansion of the recently legalized sports betting market in the United States. The U.S. market is seeing rapid growth with year over year transactions increasing by 126%. Cathie Wood's ARK Investment Management LLC believes that total wagers placed in the U.S. could increase 9x to $180B by 2025.
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AFCG | Hot Stocks08:35 EDT AFC Gamma board increases quarterly dividend 13.2% to 43c per share - AFC Gamma announced its dividend for the quarter ending September 30, 2021. The Board of Directors of AFC Gamma declared a quarterly dividend for the quarter ending September 30, 2021 of 43c per outstanding share of common stock, payable on October 15, 2021 to the common stockholders of record on September 30, 2021. The September quarterly dividend represents an increase of approximately 13.2% over the June quarterly dividend of 38c.
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IGXT ATAI | Hot Stocks08:35 EDT Atai Life Sciences increases loan in principal by $6M to IntelGenx - atai Life Sciences announced it has entered into an amended and restated loan agreement with strategic partner IntelGenx Technologies Corp. to support IntelGenx's conditionally approved graduation from the TSX Venture Exchange to the Toronto Stock Exchange. Completion of the uplisting and the commencement of trading of IntelGenx's common shares, 8% convertible debentures with a maturity date of June 30, 2022, and share purchase warrants expiring on February 11, 2023 is subject to the satisfaction by IntelGenx of all of the final conditions of listing. atai has agreed to increase the principal amount of its outstanding US$2,500,000 loan to IntelGenx by an additional $6,000,000, with $3,000,000 to become available to IntelGenx in each of January 2022 and January 2023, subject to customary conditions. The loan is in addition to atai's previously announced initial equity investment of an approximately 25% interest in IntelGenx. The loan bears interest at a rate of 8% per annum, payable at maturity, and matures in January 2024. The borrower under the secured loan is IntelGenx's wholly-owned subsidiary, IntelGenx Corp., and the loan is guaranteed by IntelGenx. As part of the strategic partnership, IntelGenx partnered exclusively with atai to develop formulations of compounds for the prevention or treatment of mental health diseases or disorders, including compounds that have psychedelic, entactogenic and/or oneirophrenic properties. atai agreed to increase the loan principal in part on the basis of early data generated from its ongoing feasibility studies conducted with IntelGenx.
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GRWG | Hot Stocks08:34 EDT GrowGeneration opens two new hydroponic garden centers in Los Angeles County - GrowGeneration announced the opening of two new hydroponic garden centers to serve the largest hydroponic market in the country, Los Angeles County, California. These locations become the 11th and 12th locations in Southern California. Both locations will be opened for business on September 24.
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RBLX | Hot Stocks08:34 EDT Roblox reports August DAU 48.2M, up 32% - Roblox released its August key metrics. Daily active users, or DAU, were 48.2M, up 32% from August of last year and up 4% from 46.6M DAUs in July. Hours engaged were 4B, up 32% year over year and up 5% from 3.8B hours in July. Bookings are estimated to be between $219M and $222M, up 29%-31% year over year. Average Bookings per DAU are estimated to be between $4.54 and $4.60, down 1% - 2% year over year. Revenue is estimated to be between $167M and $170M, up 98%-102% year over year.
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AFG | Hot Stocks08:33 EDT American Financial Group board increases quarterly dividend 13.2% to 43c per - AFC Gamma announced its dividend for the quarter ending September 30, 2021. The Board of Directors of AFC Gamma declared a quarterly dividend for the quarter ending September 30, 2021 of 43c per outstanding share of common stock, payable on October 15, 2021 to the common stockholders of record on September 30, 2021. The September quarterly dividend represents an increase of approximately 13.2% over the June quarterly dividend of 38c.
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WKHS | Hot Stocks08:33 EDT Workhorse Group announces withdrawal of USPS bid protest - Workhorse Group announced that it has withdrawn its United States Postal Service bid protest complaint filed in the United States Court of Federal Claims. "After attending the recent Advanced Clean Transportation show, we are excited about the multiple business opportunities ahead for last-mile delivery truck and drone system technologies," said Workhorse CEO Rick Dauch. "These opportunities include several commercial industry markets as well as a broad array of initiatives designed to modernize and electrify government funded and owned vehicle fleets across the country at the federal, state and city level. Since I joined the company six weeks ago, we have been conducting a deep and intensive overview of all aspects of our business, including an examination of the history of our USPS bid and subsequent protest filing. The federal government has announced its intention to replace its fleet with electric vehicles, and we believe that the best way for us to work with any governmental agency is through cooperation, not through litigation. By withdrawing our protest, we can also better focus our time and resources on initiatives that we expect will be more productive for our company."
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TLMD | Hot Stocks08:33 EDT SOC Telemed CFO Chris Knibb resigns, David Fletcher appointed Interim CFO - SOC Telemed CFO Chris Knibb has resigned to pursue other opportunities effective September 23. The company will immediately begin a search for a new CFO. David Fletcher has been appointed interim CFO, while SOC searches to identify a successor. Knibb will be available to support the transition through December 31. Fletcher is a financial consultant who currently functions as an interim CFO and interim senior financial executive of healthcare services, technology, and services industry companies. Prior to these roles, Fletcher was a CFO Partner with Tatum, a Randstad company, where he served as acting CFO for Flotek Industries and Envela Corp.
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ALBO | Hot Stocks08:32 EDT Albireo Pharma announces Bylvay now available in Germany - Albireo Pharma announced that Bylvay, the first drug approved in Europe for the treatment of all types of progressive familial intrahepatic cholestasis, or PFIC, is now available by prescription to patients in Germany. Bylvay is also approved in the U.S. for the treatment of pruritus in all types of PFIC. Bylvay is now available through retail pharmacies. Sales promotion has already begun, with Albireo commercial staff covering the key centers to inform them of the availability of Bylvay for the treatment of PFIC and the patient support services available. Albireo has launched Bylvay in the U.S. and is working to commercialize Bylvay in other European countries. Bylvay is currently being evaluated by a number of reimbursement agencies in Europe. Bylvay is currently being evaluated in the ongoing PEDFIC 2 open-label trial in patients with PFIC, ASSERT Phase 3 study for Alagille syndrome and in the BOLD Phase 3 study for patients with biliary atresia. The ASSERT and BOLD studies remain on track to report topline data in 2022 and 2024 respectively.
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DMTTF | Hot Stocks08:30 EDT Small Pharma engages KCSA as investor relations provider - Small Pharma is pleased to announce it has engaged Kanan Corbin Schupak & Aronow, Inc. d/b/a KCSA Strategic Communications to provide investor relations and public relations services. KCSA has agreed to comply with all applicable securities laws and the policies of the TSXV in providing the Services to the Company. KCSA will receive an average monthly fee of U.S.$22,750 plus applicable taxes. The Services to be provided under the agreement between the Company and KCSA will commence on September 15, 2021 for a period of six monthsand shall automatically continue after the end of the Initial Term unless either the Company or KCSA provides written notice of termination at least 30 days prior to the end of the Initial Term. Commencing on the first anniversary of the Agreement, the monthly fee payable to KCSA will automatically increase annually by 5.0%. If the agreement is not terminated at the end of the Initial Term, the Agreement can be terminated by either party by providing at least 45 days' prior written notice of termination. No stock options or other compensation are being granted in connection with the engagement.
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HEINY | Hot Stocks08:28 EDT Heineken partners with Daniel Craig for commercial concept - Heineken reveals a new commercial concepted in collaboration with Daniel Craig called 'Worth The Wait', which celebrates the highly anticipated release of the new James Bond film No Time To Die. The advert shows Daniel Craig waiting patiently for the first satisfying sip of an ice-cold Heineken beer, an ode to fans who have eagerly awaited the next installment of the franchise and showing that the best things come to those who wait.
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NXTTF | Hot Stocks08:27 EDT Lifeist Wellness announces debut of new ticker on TSX Venture Exchange - Lifeist Wellness is pleased to announce that as part of its corporate name change and rebrand from "Namaste Technologies Inc." to "Lifeist Wellness Inc.", the Company's common shares will continue to be publicly traded on the TSX Venture Exchange under the new ticker symbol, with a new CUSIP number of 53228D106 and ISIN number of CA53228D1069. These changes are effective today at market open. In connection with the name change, the Company also confirmed its common share purchase warrants expiring October 25, 2023, and common share purchase warrants expiring January 19, 2024, and their respective ticker symbols "LFST.WT.A" and "LFST.WT.B", will also commence trading today on the TSXV. The new CUSIP for the 2023 Warrants is 53228D114 and the ISIN number is CA53228D1143. The new CUSIP for the 2024 Warrants is 53228D122 and the ISIN number is CA53228D1226. No action is required by existing security holders of the Company with respect to the name change. Outstanding common shares and warrants certificates are not affected by the name change and do not need to be exchanged.
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IGXT ATAI | Hot Stocks08:22 EDT IntelGenx receives $6M in additional loans from Atai, approval to graduate TSX - IntelGenx Technologies (IGXT) has entered into an amended and restated secured loan agreement with atai Life Sciences (ATAI) pursuant to which atai has made two additional term loans available to IntelGenx in the amount of $3,000,000 each, which will mature on January 5, 2024. The New Loans will be made on January 7, 2022 and January 6, 2023, respectively, subject to the satisfaction of customary conditions. The Loan Agreement also extends the maturity date for the current loans, in an aggregate amount of $2,500,000, to January 5, 2024. The obligations under the New Loans are guaranteed by the Company. The Company also announces that it has received conditional approval from the Toronto Stock Exchange to graduate from the TSX Venture Exchange and list its shares of common stock, its 8% convertible debentures with a maturity date of June 30, 2022, and its share purchase warrants expiring on February 11, 2023, on the TSX. Final approval of the listing is subject to the Company meeting certain requirements of the TSX. The Company will make a further announcement once the TSX has issued a bulletin confirming the date on which trading on the TSX will commence. In connection with the listing on the TSX, the Company will apply to voluntarily delist its Common Shares, debentures and warrants from the TSX Venture Exchange to be effective as of the date the Common Shares, debentures and warrants commence trading on the TSX.
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CDNA | Hot Stocks08:20 EDT CareDx appoints Art Torres to board of directors - CareDx announced the appointment of patient advocate, political leader, and former state senator Art Torres to its Board of Directors. Currently, Torres serves as vice chair of the governing board of the California Institute for Regenerative Medicine as well as a member of the University of California Board of Regents and the Covered California board overseeing Obamacare. He is also the vice chair on the board of One Legacy, an organ transplant foundation based in Southern California.
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HOMB | Hot Stocks08:19 EDT Home Bancshares to acquire Happy Bancshares in all-stock merger - Home BancShares and Happy Bancshares announced that they have entered into a definitive merger agreement pursuant to which Home BancShares will acquire Happy Bancshares in an all-stock merger, with Home BancShares as the surviving entity. The combination grants Home BancShares access to the high growth Texas market and establishes the combined entity as a dominant Southern institution with the opportunity to leverage each company's track record of performance, integration and leadership. The combination positions Home BancShares to expand further into Texas and potentially acquire additional institutions over time. Under the terms of the definitive merger agreement, which was unanimously approved by the Boards of directors of both companies, Happy Bancshares shareholders upon closing of the merger will receive 2.17 shares of Home BancShares stock for each share of Happy Bancshares they own and will begin receiving quarterly dividends declared by Home BancShares. Based on a volume-weighted average closing price per share of Home BancShares stock of $21.77 during the 20-trading-day period ending on September 13, 2021, the per share consideration value is $47.24 and the aggregate transaction value is approximately $919 million. The transaction is consistent with Home BancShares' M&A track record and is expected to be immediately triple accretive: resulting in increases to earnings per share of 5.5% and 9.2% for 2022 and 2023, respectively; book value per share of 5.1% and tangible book value per share of 1.5%2. Following the completion of this transaction, Home BancShares will continue to have a robust capital position along with an improved operating profile. The pro forma bank will be approximately $23.3 billion in assets, $13.4 billion in loans and $18.7 billion in deposits and will be one of the 75 largest banks headquartered in the United States3. Home BancShares will continue to be headquartered in Conway, Arkansas and operate as Centennial Bank in its current markets. As part of the transaction, Home BancShares will add J. Pat Hickman, current Happy Bancshares Chairman, to its Board of Directors. Happy Bancshares CEO, Mikel Williamson will join the Centennial Bank executive team while additional Happy State Bank executives are to maintain leadership roles in Texas markets. Following completion of the merger, branches located in Texas will be branded Happy State Bank, a Division of Centennial Bank. The merger is expected to close early in the first quarter of 2022, subject to satisfaction of customary closing conditions, including customary regulatory approvals and approval by the shareholders of each company.
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KRYS | Hot Stocks08:19 EDT Krystal Biotech appoints Laurent Goux as General Manager of Europe - Krystal Biotech announced the appointment of Laurent Goux as the General Manager of Europe. Goux has more than 20 years of global biotechnology experience, including serving as the Head of Global Strategic Marketing and Market Access at Galderma.
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FATE | Hot Stocks08:18 EDT Fate Therapeutics announces publication of FT538 preclinical data - Fate Therapeutics announced the publication of preclinical data demonstrating that its off-the-shelf, multiplexed-engineered, iPSC-derived NK cell product candidate FT538 exhibits significantly enhanced serial killing and functional persistence compared to peripheral blood NK cells. The anti-tumor activity of FT538 was attributable to its novel engineered components, including the knockout of CD38 and the expression of IL-15/IL-15R fusion protein, which were shown to improve metabolic fitness, increase resistance to oxidative stress, and induce transcription of proteins that control NK cell activation and effector function. The data were published in Cell Stem Cell in an online article entitled "Harnessing features of adaptive NK cells to generate iPSC-derived NK cells for enhanced immunotherapy". "The NK cell community has long sought to improve NK cell activation, cytotoxicity, functional persistence, and tumor targeting for cancer immunotherapy. Our preclinical data demonstrate that the synthetic features of FT538 uniquely harness all these therapeutic attributes and significantly improve NK cell anti-tumor activity," said Bob Valamehr, Ph.D., Chief Research and Development Officer of Fate Therapeutics. "We are excited to bring FT538 to patients for off-the-shelf treatment of hematologic malignancies and solid tumors, and to continue to leverage its multiplexed engineered backbone as the foundation for development of multi-antigen, CAR-targeted product candidates." The peer-reviewed paper describes preclinical studies showing that FT538 shares metabolic, transcriptional, and functional features with adaptive NK cells. The data demonstrate that FT538 persists in vivo at high levels for more than six weeks in the absence of cytokine support after adoptive transfer, whereas adoptively-transferred peripheral blood NK cells required the co-infusion of either IL-2 or IL-15 to achieve low-level persistence for up to two weeks.
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LMFA | Hot Stocks08:16 EDT LM Funding expands into cryptocurrency mining business - LM Funding America announced that it is launching a cryptocurrency mining business. In furtherance of this move, LMFA announced the purchase of 1,000 S19J Pro Miner Machines from Bitmain for total purchase price of $6.3M. The S19J is a high efficiency, high hash rate machine mining SHA-256 algorithm produced by Bitmain that generates a maximum hash rate of 100 TH/s and has a power consumption of 3,000 W. Bruce Rodgers, Chairman and CEO of LM Funding, commented, "In April, we announced our intention to purchase up to $2M in digital assets as part of our capital allocation strategy. After careful consideration and due diligence, we also believe that mining for bitcoin ourselves is a cost effective way to purchase the asset at a risk-adjusted exposure to the ecosystem while generating positive operating income... We believe that China's exit from Bitcoin mining has created an opportunity for U.S. public companies like ours to enter Bitcoin mining to take advantage of our low cost of capital, reliable and affordable energy supply, and stable regulatory and corporate environment. We believe Bitcoin mining operations will provide opportunities to vertically integrate our operations in hosting, finance, and other areas of the Bitcoin ecosystem." LM Funding has established a new subsidiary, US Digital Mining and Hosting, to operate the new mining business and is in the process of establishing a data center to host the pro miner machines. The Company expects all 1,000 newly purchased miners to be delivered between the second and third quarter of 2022, and the Company anticipates the cryptocurrency mining operations could commence as soon as the second quarter of 2022. The Company is pursuing opportunities to accelerate the start of its mining operations.
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ORMP | Hot Stocks08:15 EDT Oramed's Phase 2 oral insulin NASH trial surpasses 50% enrollment - Oramed has enrolled over 50% of patients planned for its Phase 2 trial of its oral insulin capsule ORMD-0801 for the treatment of non-alcoholic steatohepatitis. Patients continue to be screened at sites in the U.S. and Israel. The double-blind, multi-center trial is assessing the safety and potential efficacy of ORMD-0801 in Type 2 diabetes patients with NASH. Efficacy endpoints including percentage change in liver fat content, liver fibrosis, and liver steatosis from baseline will be measured via MRI-PDFF following 12 weeks of dosing.
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SERA | Hot Stocks08:14 EDT Sera Prognostics appoints Michael Foley as CMO - Sera Prognostics announced that Michael Foley has been appointed to the position of Chief Medical Officer beginning in January 2022. Dr. Foley will lead all medical activities for Sera as the company executes its vision to be the Pregnancy Company. Michael Foley initially practiced Maternal-Fetal Medicine in private practice for more than 20 years and retires on December 31, 2021 from the role of Chairman of Obstetrics and Gynecology at the University of Arizona College of Medicine Phoenix/Banner Good Samaritan Regional Medical Center, where he served for nearly a decade and now is working with both the university and Sera in an orderly transition that is to be completed at year-end.
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CELU | Hot Stocks08:13 EDT Celularity appoints Andrew Pecora as President - Celularity announced the appointment of Andrew Pecora, M.D., F.A.C.P., C.P.E., as President effective today. Reporting to Robert Hariri, M.D., Ph.D., Chairperson and Chief Executive Officer, Pecora will provide senior leadership to advance Celularity's clinical pipeline toward U.S. Food and Drug Administration approval, including responsibility for preclinical and clinical development and regulatory affairs. Pecora previously served as President of the Physician Enterprise, Chief Innovations Officer, and the Institutional Research Official of Hackensack Meridian Health. Pecora is Founder and serves as Chairman of Cota.
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ECOL | Hot Stocks08:12 EDT US Ecology says environmental solutions help customers with sustainability goals - US Ecology provides solutions to industrial, commercial and government customers that help protect human health and the environment. Our turnkey, customized solutions, when combined with customers' own internal initiatives, help them achieve sustainability and improve ESG performance. "US Ecology remains committed to being the premier solutions provider helping customers realize their sustainability and ESG goals," said Jeff Feeler, President and CEO. "Our innovative technologies, secure waste disposal facilities and sustainable solutions allowed us to safely manage over 4.6 billion pounds of hazardous waste for customers in 2020. That's 4.6 billion pounds of waste that is no longer a threat to our ecosystems or our communities and future generations. We are proud to play such an important role for our customers and all stakeholders in protecting the environment each and every day."
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MGTA | Hot Stocks08:12 EDT Magenta Therapeutics gets clearance for MGTA-117 targeted conditioning trial - Magenta Therapeutics, announced that its Investigational New Drug IND application for MGTA-117 is active with the U.S. Food and Drug Administration FDA. The company expects to open the Phase 1/2 clinical trial in Q4 2021 to evaluate its MGTA-117 antibody-drug conjugate ADC targeted conditioning program. "We are very pleased that our collaboration with the FDA has resulted in the clearance of the MGTA-117 IND. We have addressed the FDA's request for a bioassay to be incorporated into the clinical trial protocol," said Jason Gardner, D.Phil., President and Chief Executive Officer, Magenta Therapeutics. "Improving conditioning treatments is essential for broadening patient accessibility to the curative potential of stem cell transplant and gene therapies. We have designed MGTA-117 specifically to replace toxic radiation and chemotherapy-based conditioning agents used in current medical practice. This program holds significant potential for patients across several disease areas." The multi-center, open label Phase 1/2 clinical trial with single-dose escalating cohorts will evaluate the safety, tolerability, pharmacokinetics and pharmacodynamics of MGTA-117 as a single agent in relapsed/refractory AML and MDS patients. Magenta will continue to engage with the FDA to transition the trial to the intended primary target population of hematopoietic stem cell transplant-eligible AML and MDS patients. In addition, Magenta has planned gene therapy clinical trial collaborations with AVROBIO and Beam Therapeutics to evaluate the potential utility of MGTA-117 for conditioning gene therapy patients without the use of non-selective busulfan or other toxic chemotherapies.
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AN | Hot Stocks08:11 EDT AutoNation opens second AutoNation USA store in Denver - AutoNation announced the opening of AutoNation USA Denver 104, the second of 5 additional pre-owned vehicle stores that the company will open this year. AutoNation is projecting to have over 130 AutoNation USA stores in operation from coast-to-coast by the end of 2026.
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PWFL HYMTF | Hot Stocks08:11 EDT PowerFleet selected by Hyundai Translead to launch HT LinkSense Platform - PowerFleet (PWFL) announced Hyundai Translead (HYMTF) will be leveraging the PowerFleet LV-300 trailer tracking gateway solution to launch HT LinkSense. "Through this integration with PowerFleet, HT LinkSense will be able to provide fleet managers with the flexibility to choose sensor and telematics solutions that meet their needs," the company said. Initially, the HT LinkSense solution will be available for the Hyundai Translead dry van line, but future expansion into refrigerated, flatbed, chassis and aftermarket products is planned. The PowerFleet LV-300 asset tracking solution provides continuous real-time visibility while in transit, and more accurate arrival and departure information to better plan supply chain resource allocation. "We are honored that Hyundai Translead has selected PowerFleet as a key part of its HT LinkSense solution for trailers," explains Chris Wolfe, CEO of PowerFleet. "Our integrated logistics solutions will enable customers to access a more holistic view of their trailers and freight status by capturing critical sensor and telematics data. By leveraging our trusted telematics platform, analytics and real-time reporting capabilities, Hyundai Translead will raise the bar with its' HT LinkSense offering by delivering high-value asset information to the transportation industry."
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EZGO | Hot Stocks08:09 EDT EZGO Technologies partners with CRCPM for electric bicycle management in China - EZGO Technologies entered into a strategic cooperation agreement with China Railway Construction Property Management, or CRCPM, whereby EZGO and CRCPM plan to jointly develop and promote all-round intelligent property management services aiming to increase safety and security measures for residents of densely populated high-rise buildings and neighborhoods. The Regulations prohibit parking or charging of electric bicycles in public halls, evacuation walkways, stairwells, and safety exits of high-rise civil buildings. The Regulations also encourage the establishment of centralized storage and charging areas for electric bicycles in high-rise residential communities. EZGO and CRCPM have entered into this strategic cooperation agreement to leverage the technology advantages of EZGO and the management resources of CRCPM, with a goal of developing a comprehensive offering of intelligent property management service solutions. EZGO will provide products and related services such as unmanned patrol vehicles and smart charging piles , based on the needs of the specific communities under CRCPM management. The term of the cooperation agreement is five years, and the two parties plan to sign landing contracts based on specific cooperation for different business lines. CRCPM is a mid- to high-end property management company serving clients across China. It has first-level qualifications for national property management and primarily engages in the management of mid- to high-end residential and commercial properties. CRCPM is a wholly owned subsidiary of China Railway Real Estate Group, which is a wholly owned subsidiary of China Railway Construction Corporation, a state-owned enterprise of China .
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JNCE | Hot Stocks08:09 EDT Jounce Therapeutics appoints Jigar Raythatha to board of directors - Jounce Therapeutics announced the appointment of former CEO of Constellation Pharmaceuticals and former Jounce chief business officer, Jigar Raythatha, to its board of directors.
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APM | Hot Stocks08:09 EDT Aptorum Group reports net loss of $17.1M 1H21, provides business update - Aptorum Group provided a business update and announced financial results for the six months ended June 30, 2021. "During the first half of 2021, we remained focused on advancing the development of our therapeutic programs. As announced in early 2021, our ALS-4 program commenced a Phase 1 clinical study in Canada. We are pleased that 5 total cohorts, which represent the essential part of the single ascending dose portion of the trial, have been completed without any serious adverse events being observed. On the basis of ALS-4's favourable safety profile, we are commencing the multiple ascending dose portion of the trial in Q3, 2021. Our other lead program SACT-1, has also received clearance from the US FDA to commence clinical trials in the United States. SACT-1 will be our second therapeutic program entering into the clinical phase. Our RPIDD program is also progressing well and we are very pleased to continue its clinical validation currently in collaboration with A*Star. Finally, we are excited to continue with our efforts of commercialising our NativusWell DOI product, a novel supplement targeting woman's health including menopausal symptoms. We are also excited to continue to identify and progress on certain other potential novel therapeutic candidates, including our ongoing assessment of a number of novel immunomodulators developed by Yale University targeting major autoimmune diseases, as we announced earlier in the year," said Mr. Ian Huen, Chief Executive Officer and Executive Director of Aptorum Group Limited. In September 2021, Aptorum Group received clearance from the US FDA to open an IND to conduct clinical trials on SACT-1, an orally administered small molecule repurposed drug for the treatment of neuroblastoma. The IND-opening study is a bioavailability/Food Effect study, followed by a Phase 1b/2a trial in neuroblastoma patients which is subject to further FDA approval. Aptorum Group reported a net loss of $17.1M for the six months ended June 30 compared to $7.0M for the same period in 2020. The increase in net loss in the current period was driven by loss on investments in marketable securities, net of $7.6M, and there was a gain on non-marketable investment of $1.6M in the same period in 2020 while there was no such gain in current period.
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EQIX HPQ | Hot Stocks08:08 EDT Equinix appoints Ron Guerrier to Board of Directors - Equinix (EQIX) announced the appointment of Ron Guerrier to the Equinix Board of Directors. His appointment brings the number of directors on the Equinix Board to nine. With a career in the information technology sector that spans more than a quarter century, Guerrier is the chief information officer of HP Inc (HPQ).
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NCNA | Hot Stocks08:08 EDT NuCana completed enrollment of patient in Phase III NuTide:121 study - NuCana announced it has completed enrollment of the number of patients in the ongoing Phase III NuTide:121 study required to conduct the first interim analysis. The study, which is comparing Acelarin combined with cisplatin to the global standard of care, gemcitabine plus cisplatin, as a first-line treatment for patients with advanced biliary tract cancer, has enrolled 418 patients with measurable disease. The first interim analysis will be conducted after the 418th patient has completed 28 weeks of follow-up, which is expected to occur in the first half of 2022. NuCana believes that a statistically significant improvement in the Objective Response Rate at the first interim analysis, accompanied by positive trends in other endpoints, has the potential to allow for accelerated approval of a new drug application for Acelarin in the United States. Recruitment in the NuTide:121 study, which is intended to enroll up to 828 patients, is ongoing and NuCana believes subsequent analyses could provide the confirmatory data to support full approval. "We are very pleased to achieve this important enrollment milestone which brings us closer to our goal of developing more effective and safer medicines for patients with cancer," said Hugh Griffith, NuCana's Founder and Chief Executive Officer. "Biliary tract cancer is a devastating disease and there is a significant need for more effective medicines. We are especially grateful to all of the patients, their families, the investigators and other health care professionals involved in the NuTide:121 study. The primary objective of the first interim analysis is to demonstrate at least a 14% improvement in the ORR in the Acelarin plus cisplatin arm compared to the gemcitabine plus cisplatin arm. In the ABC-08 study of Acelarin plus cisplatin as a first-line treatment for patients with biliary tract cancer, an ORR of 44% was achieved among the evaluable population. This compared favorably to the ORR of 26% achieved among evaluable patients treated with gemcitabine plus cisplatin in the ABC-02 study, which established this regimen as the global standard of care. We look forward to announcing the outcome of this first interim analysis in the first half of 2022."
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ECOR | Hot Stocks08:07 EDT electroCore announces patent expanding claims related to nVNS therapy - electroCore announced that the United States Patent and Trademark Office has issued US Patent No. 11,097,102 to electroCore, relating to devices, systems and methods integrated with, or coupled to, smartphones that allow patients to self-treat medical conditions, such as migraine headache, by electrical non-invasive stimulation of nerves. The '102 patent is the 8th US patent issued to ECOR in the company's mobile connectivity platform, with additional US and International matters pending. electroCore is building a portfolio of Intellectual Property around smartphone-integrated and smartphone connected non-invasive therapy. This IP may provide a foundation for combining the company's clinically proven non-invasive Vagus Nerve Stimulation with application-based digital health platforms that could enable health care providers to use Remote Patient Monitoring or Remote Therapeutic Monitoring reimbursement codes. That combination, in turn, may enable future business models and revenue streams for the company's products.
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INFO | Hot Stocks08:07 EDT IHS Markit, Hazeltree partner for treasury, portfolio finance solutions - Hazeltree and IHS Markit announced a strategic alliance to offer clients an integrated treasury and portfolio finance solution powered by IHS Markit's Securities Finance dataset. The company said, "Our integrated solutions enable our clients to trade and operate more directly, transparently and efficiently and to obtain a composite overview of their entire positions, margin and risk profile."
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AMTX PCG | Hot Stocks08:06 EDT Aemetis Biogas signs utility pipeline agreement with PG&E - Aemetis (AMTX) announced that its subsidiary Aemetis Biogas has signed the Standard Renewable Gas Interconnection Agreement, or SRGIA, with the Pacific Gas & Electric Company (PCG) and funded the final $1.2M payment for installation of PG&E's interconnection equipment to deliver renewable natural gas, or RNG, into the utility gas pipeline in Q4 2021. The PG&E RNG interconnect equipment has already been fabricated onto modular units that are now scheduled to be delivered to the Keyes plant and installed during the next three months. When the interconnection unit is completed, the RNG produced by the Aemetis Biogas Central Diary Digester Project will be delivered into the Pacific Gas & Electric natural gas pipeline for sale to customers throughout California as transportation fuel. Aemetis has already built and currently operates two dairy biogas digesters, on-site dairy gas upgrading and pressurization facilities, and a four-mile biogas pipeline connecting the dairies to the Aemetis Keyes ethanol plant. The centralized biogas cleanup and onsite RNG fueling facilities at the Keyes plant are currently under construction for completion in Q4 2021, and the construction of 15 additional dairy biogas digesters are in progress for completion during 2022. When fully built out, the planned 52 dairies in the Aemetis biogas project are expected to capture more than 1.4M MMBtu of dairy methane and reduce greenhouse gas emissions equivalent to an estimated 5.2 million metric tonnes of CO2 each year.
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IINN | Hot Stocks08:05 EDT Inspira Technologies files patent application for supportive device for ART - Inspira Technologies announced that it has submitted a patent application to the Israeli Patent Office for a supportive device to be utilized with its ART device. The supportive device is aimed to allow for a safe treatment and mobilization of cannulated patients. This is expected to provide the medical staff more flexibility in implementing treatment procedures as well as to enable the safe transfer of patients within and between hospitals and medical centers. The device can also be potentially utilized in the treatment of thousands of patients being treated each year by Extracorporeal Membrane Oxygenation as well as additional treatments requiring patient cannulation, including treatments for COVID-19, chronic obstructive pulmonary disease, pneumonia and acute respiratory distress syndrome.
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TRMB PG | Hot Stocks08:05 EDT Trimble and Procter & Gamble collaborating in transportation procurement - Trimble (TRMB) announced a new strategic relationship with Procter & Gamble (PG) to enhance how shippers and carriers partner during the transportation procurement process. This initiative will shape the development of a transportation procurement collaboration platform from Trimble. Procter & Gamble will inform the creation of a platform with a focus on optimizing the procurement of transportation capacity, creating closer shipper and carrier relationships and helping each find the right partners. The platform will also expedite the contracting and onboarding process to increase the velocity of business transactions while enabling more cost-effective movement of freight.
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GS GSKY | Hot Stocks08:05 EDT Goldman Sachs to acquire GreenSky in all-stock transaction valued at $2.24B - Goldman Sachs (GS) and GreenSky (GSKY) announced that they have entered into a definitive agreement pursuant to which Goldman Sachs will acquire GreenSky in an all-stock transaction valued at approximately $2.24B. As part of the agreement, GreenSky stockholders will receive 0.03 shares of common stock of Goldman Sachs for each share of GreenSky Class A common stock. Based on the closing share price of Goldman Sachs common stock as of September 14, this represents a per share price for GreenSky Class A common stock of $12.11 and an implied transaction value of approximately $2.24B. In connection with the transaction, GreenSky's tax receivable agreement was amended to provide that no payments will be made in respect of or following the transaction; these payments would have had an approximate value of $446M or $2.41 per share. The boards of directors of Goldman Sachs and GreenSky have approved the transaction. The board of directors of GreenSky, acting upon the unanimous recommendation of a special committee composed of independent directors of the board, recommends that GreenSky stockholders approve the transaction and adopt the merger agreement. The transaction, which is anticipated to close in Q4 or Q1 of 2022, is subject to approval by GreenSky stockholders, the receipt of required regulatory approvals, and satisfaction of other customary closing conditions.
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AMTX PCG | Hot Stocks08:04 EDT Aemetis Biogas signs utility pipeline agreement with PG&R - Aemetis (AMTX) announced that its subsidiary Aemetis Biogas has signed the Standard Renewable Gas Interconnection Agreement, or SRGIA, with the Pacific Gas & Electric Company (PCG) and funded the final $1.2M payment for installation of PG&E's interconnection equipment to deliver renewable natural gas, or RNG, into the utility gas pipeline in Q4 2021. The PG&E RNG interconnect equipment has already been fabricated onto modular units that are now scheduled to be delivered to the Keyes plant and installed during the next three months. When the interconnection unit is completed, the RNG produced by the Aemetis Biogas Central Diary Digester Project will be delivered into the Pacific Gas & Electric natural gas pipeline for sale to customers throughout California as transportation fuel. Aemetis has already built and currently operates two dairy biogas digesters, on-site dairy gas upgrading and pressurization facilities, and a four-mile biogas pipeline connecting the dairies to the Aemetis Keyes ethanol plant. The centralized biogas cleanup and onsite RNG fueling facilities at the Keyes plant are currently under construction for completion in Q4 2021, and the construction of 15 additional dairy biogas digesters are in progress for completion during 2022. When fully built out, the planned 52 dairies in the Aemetis biogas project are expected to capture more than 1.4M MMBtu of dairy methane and reduce greenhouse gas emissions equivalent to an estimated 5.2 million metric tonnes of CO2 each year.
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CNI... | Hot Stocks08:04 EDT Canadian National won't improve Kansas City Southern offer, says CNBC's Faber - Canadian National (CNI) will not improve its offer to buy Kansas City Southern (KSU), CNBC's David Faber said via Twitter on Tuesday evening, citing people familiar with the situation. Kansas City Southern's board previously declared Canadian Pacific's (CP) latest offer as "superior." Reference Link
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VCNX | Hot Stocks08:03 EDT Vaccinex present Phase 2 SIGNAL trial data at EHDN2021 - Vaccinex announced that Maurice Zauderer, PhD, Chief Executive Officer, presented new and promising data from continued analysis of final results of the phase 2 SIGNAL Huntington's Disease Trial at the European Huntington Disease Network Meeting, which was held September 9-11, 2021. On September 10, Dr. Zauderer joined clinical leaders from Roche, Wave, Uniqure and Prilenia to discuss major lessons and continuing plans for clinical trials in Huntington's disease. Dr. Zauderer highlighted new data from the SIGNAL phase 2 trial believed to further support the cognitive benefit of treatment with the pepinemab antibody. People with HD regularly identify cognitive impairment as a major concern that significantly impacts their daily life. Dr. Zauderer also presented subgroup analysis suggesting that the greatest benefit from treatment was detected in patients with moderately advanced disease and discussed how these findings will impact the design of a planned pivotal phase 3 trial, for which the company is actively evaluating potential development partners. During the panel discussion that followed, Dr. Zauderer discussed how he believed the results of SIGNAL and other Vaccinex studies have advanced the company's understanding of pathogenic mechanisms and help to lay a foundation for optimal timing of treatment and identifying rational combination therapies that may result in even greater efficacy in the future. Vaccinex is grateful to the individuals and their families who participated in the SIGNAL phase 2 study and remains committed to advancing this promising potential therapy in both HD and Alzheimer's disease.
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MFGCF | Hot Stocks08:02 EDT Mayfair Gold commences trading on OTCQB - Mayfair Gold is pleased to announce that, effective today, the Company's common shares have commenced trading on the OTCQB Venture Market in the United States under the symbol "MFGCF". The plus 2-million-ounce Fenn-Gib gold deposit is located in the heart of the Timmins gold camp in Northern Ontario, an area that has produced more than 70 million ounces of gold over the past century. Mayfair acquired Fenn-Gib on December 31, 2020. In the past nine months the Company has completed over 34,600 meters of drilling, supported by four drill rigs, with the vision to grow the Fenn-Gib deposit to more than 3 million ounces by the end of 2021.
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DTE | Hot Stocks08:01 EDT Detroit Thermal enrolls in DTE Energy's MIGreenPower program - Detroit Thermal announced the company's enrollment in DTE's MIGreenPower program. One of the largest voluntary renewable energy programs in the United States, MIGreenPower enables DTE Electric customers to attribute a greater percentage of their energy use to Michigan-made wind and solar beyond the 15% DTE already provides. Detroit Thermal will gradually increase its MIGreenPower enrollment to attribute 100% of its electric usage to renewable resources by 2030. The company's commitment will ultimately offset the carbon dioxide equivalent of greenhouse gas emissions from over 1,000 passenger vehicles driven for a year.
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BLFS | Hot Stocks08:01 EDT BioLife Solutions CFO Roderick de Greef retiring at year end - BioLife Solution' CFO Roderick de Greef plans to retire on December 31. The ompany has retained executive search firm Strawn Arnold to identify candidates to succeed de Greef. de Greef will consult with the company through March 31, 2022, to ensure an orderly transition of his duties.
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DPRO | Hot Stocks07:48 EDT Draganfly announces exercise of over-allotment option - Draganfly announced that the over-allotment option granted to the underwriters in connection with the Company's previously announced public offering in the United States of common shares was exercised in respect of 95,966 common shares. The exercise of the over-allotment at $4.00 per share produced additional gross proceeds of $383,864, bringing the aggregate gross proceeds to Draganfly under the Offering to $20,383,864, before deducting underwriting discounts and Offering expenses. ThinkEquity, a division of Fordham Financial Management, Inc., acted as sole book-running manager for the Offering. The Company intends to use the net proceeds of the Offering, together with existing cash, for general corporate purposes, including to fund ongoing operations, to fund growth initiatives and/or for working capital requirements including the continuing development and marketing of the Company's core products, potential acquisitions and research and development.
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CIXX | Hot Stocks07:48 EDT CI Financial establishes U.S. headquarters in Miami - CI Financial announced the establishment of its U.S. headquarters in Miami. The addition of a headquarters in Florida follows CI's wealth management expansion in the U.S., with the company acquiring or agreeing to acquire 21 registered investment advisor firms in 19 months since rolling out a new corporate strategy. Establishing the Miami headquarters serves as a natural evolution of CI's expansion in the U.S. This office will oversee the continued development of CI Private Wealth, the brand name for CI's U.S. platform.
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NICE BCE | Hot Stocks07:46 EDT Nice in pact with Canada's BCE to expand NICE CXone for Contact Center service - NICE (NICE) announced an agreement with Bell (BCE), to expand access to NICE CXone for Contact Center as a Service, CCaaS, in Canada. CXone, the world's most comprehensive omnichannel offering in the CCaaS market, will provide Bell customers the industry-leading contact center platform combined with Bell's ultra-fast speed and low latency network that contact centers need for highly flexible, digital-first customer experiences. In today's competitive digital landscape, contact centers play an integral role in fostering customer relationships and building a community of highly engaged brand advocates. Key to establishing these connections is an all-in-one and cloud native omnichannel contact center, which enables the seamless movement between self-service and agent-assisted customer service channels. In fact, the 2020 NICE Customer Experience Transformational Benchmark, Consumer Wave, which surveyed more than 2,500 consumers across the United States, Canada, the United Kingdom and Australia, found that regardless of where they begin an interaction, 94 percent of consumers say they want seamless access to a customer service agent. Further, 83 percent say that they expect to switch to chat, text or phone in the same interaction. CXone, offered by Bell, will help Canada-based contact centers meet and exceed these expectations.
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OPK | Hot Stocks07:44 EDT Opko Health CEO buys 100K shares of common stock - In a regulatory filing, Opko Health disclosed that its CEO Phillip Frost bought 100K shares of common stock on September 14th in a total transaction size of $346K. Shares of Opko Health are up 1.4% in pre-market trading at $3.53.
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OGEN | Hot Stocks07:42 EDT Oragenics Initiates COVID-19 challenge study testing variations of its vaccine - Oragenics announced the initiation of a study to evaluate the immunogenicity and viral load reduction impact of its SARS-CoV-2 vaccine candidate in a hamster challenge study. The study will provide data for several vaccine formulations, using adjuvants specific for both intranasal and intramuscular routes of administration. An assessment of cross-neutralization titers against the Wuhan, Beta and Delta variants of COVID-19 and reduction in the viral load of the Wuhan challenge virus will be used to establish the most promising formulations to advance to human clinical studies. The study is being conducted by the Company's Canadian collaborator with results expected in November. "We are delighted to have begun this important study on schedule and soon after receiving favorable results from our mouse immunogenicity study. We believe the results from this hamster challenge study will further affirm our development strategy for Terra CoV-2. We have particular interest for the intranasal delivery route. The findings from this second preclinical study will be a part of our Investigational New Drug filing to the U.S. Food and Drug Administration, expected to be made in the first quarter of 2022, to advance the most promising formulations into human clinical studies," said Frederick W. Telling, Ph.D., Executive Chairman of Oragenics.
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TW | Hot Stocks07:40 EDT Tradeweb Markets to expand CFETS trading link - Tradeweb Markets announced it will expand its trading link with CFETS under the Bond Connect channel on September 24 to allow mainland China onshore institutions to invest in Hong Kong's fixed income markets. Tradeweb was the first platform to enable offshore investors to buy and sell Chinese onshore bonds via its fully electronic request-for-quote, or RFQ, trading link to Northbound Bond Connect. More than $900B in CNY cash bonds trades has been done via Tradeweb since the launch of Bond Connect in July 2017. Last year, Tradeweb once again partnered with the China Foreign Exchange Trade System to deliver the first fully electronic RFQ access to China Interbank Bond Market Direct, another popular route for overseas investors connecting to and trading in the Chinese onshore bond market.
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GOL AAL | Hot Stocks07:39 EDT Gol Linhas, American Airlines upgrade to exclusive codeshare agreement - GOL Linhas (GOL) has agreed to expand its commercial cooperation with American Airlines (AAL) through an exclusive codeshare agreement for the next three years that will deepen the relationship between the two airlines. As part of the Agreement, GOL will receive an equity investment of $200M from American. Through its exclusivity, the Agreement expands beyond the terms of the existing codeshare partnership between GOL and American, enhancing the travel opportunities for their passengers, the customer experience and the competitive position of GOL on routes connecting North and South America. In place since February 2020, the existing codeshare already represented the largest route network in the Americas, enabling the Company's customers to travel seamlessly to more than 30 destinations in the U.S. The partnership flights currently operate in GOL's hubs in Sao Paulo and Rio de Janeiro, integrating 34 options of Brazilian and international routes, such as Montevideo, in Uruguay.
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LXU | Hot Stocks07:38 EDT Glass Lewis recommends LSB stockholders vote for exchange agreement - LSB Industries announced that independent proxy advisory firm, Glass Lewis, has recommended that LSB shareholders vote for all of the proposals in the Definitive Proxy Statement filed by the Company on August 26, relating to the Company's agreement with LSB Funding an affiliate of Eldridge Industries to exchange the shares of LSB Series E-1 and Series F-1 Redeemable Preferred Stock held by Eldridge for shares of LSB common stock. Glass Lewis, in its report dated September 14, 2021, indicates that "Here, we understand that the proposed exchange agreement was arrived at following a strategic review process and following considerable discussions and negotiations with Eldridge. For its part, the board formed a special committee of independent directors to oversee this process and worked with outside legal and financial advisors. The proposed exchange would remove LSB Lender's right to require the Company to pay in 2023 approximately $419M of liquidation value that would be due under the Preferred Shares at that time and would provide greater financial flexibility, including to pursue future merger and acquisition transactions. The board states that the proposed exchange would improve the Company's capital structure and credit metrics and simplify its balance sheet with the removal of the Preferred Shares. The exchange is expected to reduce the Company's net debt leverage from 9.0x to 5.6x its adjusted EBITDA as of June 30 on a trailing twelve month basis and would not involve any cash consideration, preserving cash and avoiding additional leverage that could be used for other strategic initiatives . . . . Overall, we find that the proposed exchange appears reasonable to the Company and its shareholders. Based on these factors and the support of the board, we believe the exchange agreement is in the best interest of shareholders."
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BIIB | Hot Stocks07:36 EDT Biogen plans to initiate Phase 3b study evaluating higher dose of nusinersen - Biogen announced plans to initiate a global Phase 3b clinical study, ASCEND. The ASCEND study is designed to evaluate the clinical outcomes and assess the safety of a higher dose of nusinersen in children, teens and adults with later-onset spinal muscular atrophy, SMA, following treatment with Evrysdi. "We believe that lower drug exposure may be contributing to less-than-optimal treatment outcomes for some patients treated with Evrysdi. The ASCEND study seeks to understand if nusinersen may address that unmet medical need and will help inform the future of SMA treatment, with the hope of improving patients' outcomes for the long term," said Maha Radhakrishnan, M.D., Chief Medical Officer at Biogen. The ASCEND protocol has been submitted to the U.S. Food and Drug Administration and is planned to be an approximately 2.5-year study projected to enroll up to 135 later-onset, non-ambulatory individuals with SMA. Individuals enrolled in ASCEND will receive two loading doses of nusinersen 50 mg two weeks apart, followed by a maintenance dose of 28 mg every four months during the study period. Efficacy is planned to be assessed by RULM. The study aims to include children, teens and adults naive to treatment with nusinersen, as well as adults who were previously treated with nusinersen prior to Evrysdi. The company aims for the first eligible patients to be enrolled in 2021.
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AKYA | Hot Stocks07:35 EDT Akoya Biosciences initiates normal course issuer bid - Alithya announced that the Toronto Stock Exchange has accepted a notice filed by Alithya of its intention to commence a normal course issuer bid. Under the NCIB, the company will be allowed to purchase for cancellation on the open market through the facilities of the TSX and NASDAQ, or through alternative trading systems, if eligible, or outside the facilities of the TSX pursuant to exemption orders issued by securities regulatory authorities, up to 5,462,572 Class A subordinate voting shares, representing 10% of the company's public float as of the close of markets on September 8. The amount of purchases on any given day will not exceed 22,259 Class A Shares. All Class A Shares purchased under the NCIB will be cancelled. Purchases under the NCIB may commence on September 20 and will end on the earlier of September 19, 2022 and the date on which the company will have acquired the maximum number of Class A Shares allowable under the NCIB or otherwise decided not to make any further purchases. Alithya has not repurchased any Class A Shares under a NCIB in the last twelve months.
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CZOO | Hot Stocks07:34 EDT Cazoo acquires SMH Fleet Solutions for GBP 70M in cash - Cazoo announced that it has acquired SMH Fleet Solutions , one of the UK's leading vehicle preparation, logistics and storage businesses...This deal will provide Cazoo with one of the most extensive portfolios of vehicle preparation sites and production capabilities in the UK to meet its rapid growth plans. Once fully integrated, Cazoo will have the capacity to recondition and deliver hundreds of thousands of cars per year and store tens of thousands of cars, helping to secure its future requirements and materially de-risk its ability to meet its growth targets. Cazoo has acquired SMH for approximately GBP 70m in cash from LDC and other minority shareholders. The transaction is expected to have a negligible impact on Cazoo's FY2021 operating results.
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MICT | Hot Stocks07:34 EDT MICT's Magpie Securities launches Magpie Invest - MICT announces the launch of Magpie Invest, its mobile stock trading app. The Magpie Invest trading app will be available to investors in Hong Kong, and is licensed under Hong Kong SFC, the most highly regarded financial market in China. The Magpie Invest Trading App is a proprietary platform and technology built by MICT that offers customers access to more financial markets, a wider range of stocks, more market data, enhanced analytics, market information, and an engaging user experience.
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PCRX | Hot Stocks07:33 EDT Pacira reports preliminary sales of $42.3M for August - Pacira BioSciences reported preliminary unaudited net product sales. EXPAREL net product sales increased 15 percent to $41.4M for the month of August 2021, compared with $36.1M for the prior year. Net product sales of iovera degrees increased 13 percent to $0.9M for the month of August 2021, compared with $0.8M for the prior year. EXPAREL average daily sales for the month of August 2021 were 109 percent of August 2020. The company reports average daily growth rates for EXPAREL to account for differences in the number of selling days per reporting period. EXPAREL selling days were 22 in August 2021 and 21 in August 2020. "We continue to solidify our leadership position in opioid-sparing pain management with EXPAREL now having treated more than nine million patients since launch with penetration increasing across all target market segments," said Dave Stack, chairman and chief executive officer of Pacira BioSciences. "EXPAREL utilization continues to significantly outpace the recovery of the elective surgery market, which is facing additional pandemic-related challenges this summer with regional surges in delta variant cases, staffing shortages, and surgical fatigue from care teams addressing significant procedure backlogs. We expect these variables to subside and the fourth quarter to reflect improving market dynamics. From a competitive standpoint, we have not experienced impact from new market entrants and EXPAREL remains extremely well positioned given its broad efficacy label that spans infiltration, field blocks and brachial plexus nerve block. In addition, a pristine safety profile and proven ability to reliably facilitate surgical migration to outpatient sites of care continue to be hallmarks of EXPAREL adoption across pediatric and adult settings. Looking ahead, we remain confident in our ability to achieve our five-year objectives and deliver topline annual growth in the high teens with operating margins that exceed 50 percent by the end of our planning period."
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BBIO | Hot Stocks07:33 EDT BridgeBio's therapy for LGMD2i granted Fast Track Designation by FDA - BridgeBio Pharma's investigation of BBP-418 as a treatment option for Limb-girdle Muscular Dystrophy Type 2i, or LGMD2i, has been granted Fast Track designation by the FDA. This is the fifth Fast Track designation for an investigational therapy that BridgeBio has received this year. BridgeBio's LGMD2i investigational therapy is one of the company's 14 programs that are in the clinic or commercial setting for patients living with genetic diseases and genetically-driven cancers. With approximately 7,000 patients with potentially treatable mutations, LGMD2i is an inherited recessive muscular dystrophy caused by mutation of fukutin-related protein. BBP-418 is being investigated as a treatment for LGMD2i. Clinical trials to verify the safety and efficacy of BBP-418 are ongoing. BBP-418 has received Orphan Drug Designation for the treatment of LGMD2i from the FDA and for LGMD from the European Medicines Agency.
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OPGN | Hot Stocks07:33 EDT OpGen announces data from clinical study using Unyvero HPN panel - OpGen announced clinical data from an investigator-initiated and driven prospective randomized controlled multicenter study. Data on the Unyvero HPN was presented at the virtual European Respiratory Society conference on September 7, 2021, and presented during a webinar held on September 14, 2021. The webinar titled "Multiplex Bacterial PCR in Bronchoalveolar Lavage - Does It Impact Inappropriate Antibiotic Use?" described the study which assessed the clinical utility and impact of the Unyvero panel in hospitalized adult patients with suspicion of pneumonia and a clinical indication for bronchoscopy and at risk for infection with Gram-negative bacteria. The primary study endpoint was duration of inappropriate antibiotic therapy. Summary of the study results based on the primary endpoint and findings from several other measured metrics: Inappropriate antibiotic treatment was significantly shorter in the PCR group - Unyvero decreased the average duration of inappropriate antibiotic therapy from 86 hours in the control group to 47 hours in the PCR intervention group; duration of antibiotic therapy altogether was reduced by 22.5% in the PCR group; probability of avoiding inappropriate antibiotic therapy was 3 times higher in the patient group that was diagnosed by Unyvero; clinical stability were assessed to determine if decreasing the amount of antibiotics or reduction in use of broad-spectrum antibiotics in the intervention group worsened patient outcomes, and the findings suggested that there was no significant difference in the two randomized groups; Gram-negative rods in BAL were detected more commonly by Unyvero PCR than conventional culture - 45 bacteria in 39 patients vs. 32 bacteria in 33 patients, respectively. The study concluded that "The results of Unyvero combined with antibiotic stewardship is efficient and safe in decreasing time on inappropriate antibiotic therapy in hospitalized patients with pneumonia at risk for Gram-negative rods."
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ADS | Hot Stocks07:30 EDT Alliance Data reports August net charge offs 4.0% vs. 4.2% last month - Reports August delinquency ratio 3.6% vs. 3.4% last month.
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MCRB | Hot Stocks07:20 EDT Seres Therapeutics achieves enrollment in ECOSPOR IV trial - Seres Therapeutics announced it has achieved enrollment of 300 subjects with the ECOSPOR IV open-label study evaluating SER-109, an investigational oral microbiome therapeutic for recurrent C. difficile infection. The target enrollment of a minimum of 300 subjects for the SER-109 safety database was reached in conjunction with a prior completed Phase 3 study, ECOSPOR lll. Seres is required by the FDA to demonstrate safety of SER-109 in at least 300 subjects who have received the dose to be commercialized, consistent with standard FDA guidance, with a 24-week follow-up period, to support a biologics license application submission. Seres plans to close enrollment in the open-label study in the coming weeks and will engage with the FDA on initiation of an expanded access program by the end of the year. Seres intends to seek agreement with the FDA to begin a rolling submission of the BLA for SER-109 in the first half of 2022 and finalize the submission with data from the safety database in mid-2022.
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TSHA | Hot Stocks07:19 EDT Taysha announces data from TSHA-104 for SURF1- associated Leigh Syndrome - Taysha Gene Therapies today announced publication of new preclinical data for TSHA-104 in SURF1-associated Leigh syndrome in Molecular Therapy: Methods & Clinical Development. SURF1 deficiency is a monogenic mitochondrial disorder that is the most common cause of cytochrome c oxidase deficient Leigh syndrome, a rapidly progressive neurological disorder that leads to degeneration of the CNS. Leigh syndrome typically presents in the first year of life and is characterized by progressive loss of mental and movement abilities that can result in death in early childhood. Approximately 10-15% of people with Leigh syndrome have a SURF1 mutation, and the estimated prevalence of SURF1 deficiency is 300 to 400 patients in the United States and European Union. There are currently no approved therapies to treat SURF1-associated Leigh syndrome. "SURF1 is part of cytochrome c oxidase, a mitochondrial enzyme known as COX involved in the metabolic production of ATP. Children with SURF1 deficiency have severely impaired COX activity and cannot generate ATP by aerobic respiration appropriately. This disruption in overall energy metabolism increases anaerobic respiration, leading to elevated levels of lactate and the clinical phenotype of Leigh syndrome," said Suyash Prasad, MBBS, M.Sc., MRCP, MRCPCH, FFPM, Chief Medical Officer and Head of Research and Development of Taysha. "We are pleased that the published preclinical data for TSHA-104 demonstrate that the gene replacement therapy can address the hallmark characteristics of mitochondrial dysfunction by delivering a functional SURF1 gene, ultimately restoring COX activity and mitochondrial function and correcting elevated lactate levels in the body."..TSHA-104 is an AAV9-based gene replacement therapy encoding the human SURF1 protein that is administered intrathecally for the treatment of SURF1-associated Leigh syndrome. TSHA-104 has been granted Orphan Drug and Rare Pediatric Disease designations by the FDA.
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UROY | Hot Stocks07:17 EDT Uranium Royalty purchasing 300,000 pounds of U3O8 - Uranium Royalty is entering into contracts for three additional spot purchases totaling 300,000 pounds of U3O8 at an average cost of $38.17 per pound U3O8. Deliveries are scheduled for September/October and will be accomplished through book transfers to URC's storage account at Cameco Corporation's Fuel Services facilities in Ontario, Canada. This acquisition is fully funded with cash on hand. As of September 14, URC has C$80M in cash, marketable securities and physical uranium. Following completion of these deliveries, URC will hold a physical inventory of 648,068 pounds U3O8 at a weighted average cost of $33.10 per pound. The latest Trade Tech daily spot price is at $45.00 per pound as of September 14, leading to an increase in the net realizable value of URC's physical uranium holdings by $7.7M. The company believes that the global mega-trend towards de-carbonization is providing a major catalyst for carbon-free, safe, and reliable nuclear energy.
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INDP | Hot Stocks07:14 EDT Indaptus Therapeutics receives notice of allowance for its platform technology - Indaptus Therapeutics announced that the United States Patent and Trademark Office has issued a notice of allowance for claims related to the company's platform technology. The patent, titled, "Methods of Treatment of Infections Using Bacteria," provides broad protection for the application of the company's platform technology alone and in combination with standards of care for the treatment and inhibition of hepatitis B virus and human immunodeficiency virus infections. The Indaptus pipeline is rooted in the hypothesis that highly efficient anti-tumor or anti-viral immunotherapy will require safe activation of both innate and adaptive immunity in both tumors or sites of infection, as well as immune organs, and that this might be achieved with a multi-targeted package of bacterial immune system activators, in the form of attenuated, killed and intact, non-pathogenic bacteria delivered intravenously.
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BGNE | Hot Stocks07:13 EDT BeiGene receives accelerated approval for Brukinsa from FDA - BeiGene announced that Brukinsa has received accelerated approval from the FDA for the treatment of adult patients with relapsed or refractory marginal zone lymphoma who have received at least one anti-CD20-based regimen.
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VFF | Hot Stocks07:13 EDT Village Farms launches new corporate branding and website - Village Farms unveiled new corporate branding and launched its new corporate website. Village Farms' new corporate branding aims to embody the company's evolution over the last four years to a vertically integrated plant-based consumer products company, targeting high-growth, large-market opportunities in North America and around the world, with a specific focus on cannabinoids and related health products. The company's new corporate branding is anchored by the mantra "Good, for All".
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ATNM | Hot Stocks07:12 EDT Actinium Pharmaceuticals completes enrollment in Phase 3 SIERRA trial of Iomab-B - Actinium Pharmaceuticals announced that it has completed enrollment of the pivotal Phase 3 SIERRA trial for Iomab-B, an Antibody Radiation Conjugate comprised of apamistamab, a CD45 targeting antibody, and the radioisotope iodine-131. The SIERRA trial is a 150-patient, randomized and controlled study conducted at 24 leading bone marrow transplant centers in the United States and Canada. SIERRA is the only randomized Phase 3 trial to offer bone marrow transplant to patients with active, relapsed or refractory acute myeloid leukemia age 55 and above, which is the only curative treatment option for this patient population. Actinium expects to present data updates from the SIERRA trial in the fourth quarter and to announce topline data for the primary endpoint of six-month durable Complete Remission in mid-2022. These data are expected to support registration of a Biologics License Application for Iomab-B.
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BABYF | Hot Stocks07:12 EDT Else Nutrition launches education, marketing programs to reach pediatricians - ELSE NUTRITION HOLDINGS has identified Pediatricians as a key partner in working with parents to provide better nutrition for their kids. According to the American Academy of Pediatrics, there are 67,000 Pediatricians in the United States, and several thousand in Canada, caring for over ~17 million infants and toddlers. This equates to every Pediatrician impacting over 200 kids per year! These clinicians are experts in assessing the health and development of their patients, and in providing meaningful advice to parents, especially when it comes to feeding their child. Data shows that nearly 9 out of 10 parents consult their Pediatricians for a specific recommendation related to nutritional products for their children. These parents are seeking expert advice on what they should and should not be feeding their children for optimal growth, development, and health. With that in mind, and also recognizing that the majority of physicians receive minimal training on nutrition during Medical School and Residency, there is an opportunity to support their continuing nutrition medical education post graduation. Market research among Pediatricians has identified that there are many misconceptions regarding the benefits of plant-based nutrition for toddlers and children, leading to an opportunity to help educate this directly. Else Nutrition is committed to creating education programs which will demonstrate that plant-based nutrition can deliver the same nutritional benefits for healthy growth and development as dairy-based alternatives. These programs will serve as a significant importance when Else Nutrition launches the first non-dairy, non-soy plant-based infant formula.
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RNG | Hot Stocks07:12 EDT RingCentral granted unified license in India - RingCentral announced that it has been granted a unified license that will enable the company to provide its Unified Communications as a Service, or UCaaS, and Contact Center as a Service, or CCaaS, solutions in India, and will make RingCentral the first global cloud provider to offer fully compliant voice and other unified cloud communications in the country. RingCentral will offer global organizations solutions globally, including India.
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BNFT | Hot Stocks07:11 EDT Benefitfocus enters purchase agreements with certain convertible noteholders - Benefitfocus, a benefits technology platform that simplifies benefits administration for employers, health plans and brokers, announced that it has entered into privately negotiated purchase agreements with certain holders of its 1.25% Convertible Senior Notes due 2023. Benefitfocus has agreed to repurchase approximately $100.2M in aggregate principal amount of the outstanding 2023 Notes for approximately $98.2M in cash. The 2023 Notes repurchased represent approximately 45% of the outstanding principal amount, with approximately $121.1M in aggregate principal amount remaining outstanding following the repurchase. Benefitfocus' annual interest payments will be reduced by approximately $1.25M. The repurchases of the 2023 Notes are expected to close on September 20, 2021.
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LTRX | Hot Stocks07:11 EDT Lantronix announces creation of Advisory Board - Lantronix announced that it has created an Advisory Board to enhance the Company's strategic development, acquire additional expertise of industry leaders, and enable former members of the Board or the Company's management to continue to make significant contributions to the Company. Bernhard Bruscha, Lantronix's current Chair of the Board, has decided to retire November 2021 and not to stand for re-election to the Company's Board of Directors at the Company's 2021 annual meeting of stockholders, currently scheduled for November 9, 2021. He will continue to support the Company by agreeing to serve as the Advisory Board's first member and Chair, effective November 9, 2021. In addition, Lantronix announced that it intends to select Dr. Heidi Nguyen as a nominee for election by stockholders at the Annual Meeting. Dr. Nguyen, as Vice President of TL Investment, GmbH, is expected to continue to represent TL Investment, GmbH as a continuing major stockholder of Lantronix. Dr. Nguyen is Mr. Bruscha's spouse.
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PM | Hot Stocks07:10 EDT Philip Morris increases quarterly dividend 4.2% to $1.25 per share - The board of Philip Morris increased the company's regular quarterly dividend by 4.2% to an annualized rate of $5.00 per share. The new quarterly dividend of $1.25 per share, up from $1.20 per share, is payable on October 14 to shareholders of record as of September 29. The ex-dividend date is September 28.
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AUTL SBBP | Hot Stocks07:09 EDT Autolus Therapeutics appoints John Johnson as non-executive chairman - Autolus Therapeutics (AUTL) announced that John Johnson has been appointed as non-executive chairman of its Board of Directors, effective September 15, 2021. Dr. Martin Murphy, who previously served as chairman, will continue to serve as a non-executive Board member. Johnson brings to Autolus more than 30 years of experience in the life science industry. He is currently CEO and a director of Strongbridge Biopharma (SBBP).
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IMVT | Hot Stocks07:09 EDT Immunovant appoints Renee Barnett as Chief Financial Officer - Immunovant, a clinical-stage biopharmaceutical company focused on enabling normal lives for people with autoimmune diseases, announced the appointment of Renee Barnett, as Chief Financial Officer, effective October 4, 2021. Most recently, Barnett served in a variety of executive-leadership functions at AbleTo.
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LIVX | Hot Stocks07:09 EDT LiveXLive Media to change name to 'LiveOne,' spin out pay-per-view business - LiveXLive Media announced that it plans to change its name to "LiveOne, Inc." as part of an overall rebranding of the company and its business units, subject to obtaining applicable approvals and consents. LiveXLive expects to change its NASDAQ stock symbol to "LVO" in the coming weeks. No actions are needed by LiveXLive's stockholders with respect to the planned name change and stock symbol change. Separately, LiveXLive also announced its intention to spin-out its existing pay-per-view business as a separate public company and its plan to distribute a portion of the new company's equity to LiveXLive's stockholders, anticipated to take place by March 31, 2022, in each case subject to obtaining applicable approvals and consents and compliance with applicable rules and regulations and public market trading and listing requirements.
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KKR | Hot Stocks07:08 EDT KKR, Cornerstone, enter JV to buy more than $1B in U.S. healthcare properties - KKR and Cornerstone Companies, announced that Cornerstone and KKR have entered into a joint venture to acquire and develop a portfolio of diversified healthcare properties across the United States. KKR and Cornerstone have seeded the portfolio with the recapitalization of 25 healthcare properties owned by Cornerstone. With funding commitments provided by KKR's real estate and credit funds and Cornerstone, the Joint Venture is positioned to acquire more than $1B real estate assets over the next few years. The portfolio recapitalized by KKR and Cornerstone includes 713,705 square feet of medical office buildings and ambulatory surgery centers located across 12 states, with in place long-term leases to a high quality group of healthcare systems, physician group practices and surgery center operators. Cornerstone and KKR will work together to grow the portfolio through acquisitions and net lease development opportunities, with a focus primarily on long-term leased single-tenant medical office buildings, ambulatory surgery centers and facility-based outpatient healthcare assets. "KKR is one of the world's largest investment firms with incredible connectivity across industries, including deep experience investing in the healthcare and real estate sectors," said Tag Birge, President and CEO of Cornerstone. "This strategic partnership significantly increases our reach and capacity to deliver investment and development solutions for leading physician groups and health systems. We are very excited to work with a partner in KKR who shares our commitment to lasting client relationships and strong focus on portfolio construction and underwriting."
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GKOS | Hot Stocks07:08 EDT Glaukos enters settle agreement with Ivantis - Glaukos announced that it has entered into a settlement agreement with Ivantis, agreeing to terminate the patent infringement lawsuit Glaukos initiated on April 14, 2018 in the U.S. District Court for the Central District of California, Southern Division, concerning Ivantis' Hydrus Microstent. Under the agreement, Ivantis will pay Glaukos $60M, $30M of which will be paid by December 31 and the other $30M to be paid by December 31, 2022. Ivantis will also pay Glaukos a 10% ongoing royalty through April 26, 2025, based on Ivantis' Hydrus Microstent U.S. sales and any international sales supplied out of the U.S. Further, the parties have agreed to mutual licenses and covenants not to sue on the Hydrus and iStent technologies. In accordance with the settlement, the parties will submit a joint request to stay the pending litigation, which had been scheduled for trial beginning on September 28 and dismiss it upon receipt of the first upfront payment.
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SLHG | Hot Stocks07:08 EDT Skylight Health to acquire controlling interest in Aspire Health Concepts - Skylight Health Group announces execution of definitive agreements to acquire a controlling interest in Aspire Health Concepts, a primary care group in Pennsylvania with 2 locations. The acquisition expands the Company's primary care services into a new state and grows its patient base by over 10,000 per year. Aspire has been operating a multi-disciplinary network of clinics for over 12 years in Harrisburg, PA. Skylight will immediately take over the primary and urgent care components of the business. The acquisition is immediately accretive to the Company as it expands its market share into a new state with an established patient base. Skylight expects full continuity of the Aspire leadership and clinical teams post-acquisition. The Company has acquired a controlling interest of 70% of Aspire. The remaining 30% of Aspire will be retained by the two Founding physicians subject to Skylight's call option that matures on the five-year anniversary of the closing. Skylight expects this structure will enhance alignment between Skylight and the Founding physicians. The Company expects to close this transaction no later than September 17th.
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LABP | Hot Stocks07:07 EDT Landos Biopharma to present results of LABP-104 in Lupus as ACR - Landos Biopharma, a late-clinical-stage biopharmaceutical company utilizing its LANCE Advanced A.I. platform to discover and develop novel oral therapeutics for patients with autoimmune diseases, announced that it will present preclinical data of LABP-104, an oral, small-molecule LANCL2 agonist, in Systemic Lupus Erythematosus as an oral presentation at the upcoming American College of Rheumatology, or ACR, Convergence 2021. The meeting will be held virtually from November 3-10, 2021. "These novel findings support the potential therapeutic efficacy of LABP-104 in SLE, along with the power of our LANCE platform to discover and validate novel targets at the intersection of immunity and metabolism. Altogether, they highlight the breadth and depth of our expansible inflammation and immunology pipeline," said Dr. Josep Bassaganya-Riera, Chairman, President and Chief Executive Officer of Landos. "Our Phase 2 trial with omilancor in ulcerative colitis illustrated the important immunoregulatory mechanisms of the Lanthionine Synthetase C-Like 2 pathway including enhancing regulatory T cell function. With these new data in lupus, we have further validation of LABP-104's therapeutic potential to activate this pathway's ability to intercept and possibly reverse the complex cascade of immunological events that lead to disease and pathology in lupus patients." Landos expects to enter Phase 1 clinical testing of LABP-104 as an oral therapeutic candidate for lupus during the fourth quarter of 2021, further expanding the company's deep inflammation and immunology pipeline. Presentation title: Therapeutic efficacy of LABP-104, an oral LANCL2 agonist, for the treatment of systematic lupus erythematosus. Highlights: Oral treatment with LABP-104 protected against worsening from baseline in proteinuria grade in greater than 90% of mice, improved proteinuria grade in roughly 50% of mice and reduced anti-nuclear antibody levels by three-fold; reduced overall histological score in the kidneys; and significantly reduced the production of interferon alpha in human peripheral blood mononuclear cells from SLE patients in response to general, TLR7 and CpG oligonucleotide stimuli.
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CVGW AMZN | Hot Stocks07:06 EDT Calavo Growers appoints Mariela Matute as CFO - Calavo Growers (CVGW) announced that Mariela Matute has been appointed CFO, effective October 11, 2021. Prior to joining Calavo, Ms. Matute most recently served as Director and CFO for Amazon Business, the business-to-business online procurement division of Amazon.com (AMZN), where she managed a team of 70 professionals across controllership, financial planning, pricing analytics, sales and operations planning, tech roadmap and payments
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ADM | Hot Stocks07:05 EDT Archer Daniels unveils flavor production facility in China - ADM unveiled the ADM Food Technology, a fully automated flavor production facility situated in Pinghu, Zhejiang Province, China. The 27,000+ square meter flavor production facility is located within an hour of Shanghai.
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HOOK MRK | Hot Stocks07:04 EDT Hookipa announces collaboration with Merck to evaluate HB-200 with KEYTRUDA - HOOKIPA Pharma (HOOK), a company developing a new class of immunotherapeutics based on its proprietary arenavirus platform, announced it has entered into a clinical collaboration and supply agreement with Merck (MRK) to evaluate the combination of HB-200, a novel arenaviral immunotherapeutic, and Merck USA's anti-PD-1 therapy, KEYTRUDA as first-line treatment for patients with advanced head and neck squamous cell carcinoma. "Our collaboration with Merck, Kenilworth, NJ., USA, a proven immuno-oncology leader, is an important step as we advance our HB-200 program for the treatment of Human Papillomavirus 16-positive cancers and seek to introduce a new class of immunotherapeutics," said Joern Aldag, CEO at HOOKIPA. "We have seen encouraging early responses in heavily pre-treated patients with the addition of KEYTRUDA in our ongoing HB-200 trial. We are excited to explore the potential benefit of HB-200 as a first-line treatment in combination with KEYTRUDA, a leading anti-PD-1 inhibitor globally, and the possibility of making a meaningful impact on patients' lives." The collaboration has been initiated based on data from the ongoing HB-200 Phase 1/2 clinical trial in advanced HPV16+ cancers. With a HB-200 program data read-out anticipated by Q4 2021, HOOKIPA anticipates initiating a Phase 2 trial with HB-200 in combination with KEYTRUDA in 2022. Additional Phase 2 expansion cohorts are also planned to start in Q1 2022.
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MRMD | Hot Stocks07:04 EDT Marimed announces COVID-19 protocols for annual shareholder meeting - MariMed announced health and safety protocols that are being implemented at the Company's annual meeting, to be held on September 23, 2021, 10am ET at the Hilton Boston/Dedham in Dedham, MA. In order to protect everyone in attendance, the protocols include: Only stockholders of the Company will be admitted to the meeting. Record stockholders will be confirmed from the Company's stockholder records. If a stockholder holds his or her shares in a brokerage account, a copy of a recent statement reflecting the position will be required. To gain admittance to the meeting, each stockholder must present proof of vaccination, or a negative COVID-19 test result completed within 72 hours of the meeting time. All attendees will be required to wear a mask covering their nose and mouth for the duration of the meeting. No food or beverages will be permitted in the meeting. No exceptions will be made to the foregoing protocol.
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KKR | Hot Stocks07:04 EDT KKR acquires five self-storage properties for an aggregate price of $92M - KKR announced that KKR has acquired five self-storage properties totaling approximately 3,884 units for an aggregate purchase price of approximately $92M. The properties were acquired in separate transactions with two different sellers. All five properties are strategically located in proximity to the high-growth metropolitan areas of Atlanta, Georgia, Phoenix, Arizona and Orlando, Florida. All were built or renovated between 2017 and 2020. "We are excited to further grow our self-storage portfolio with these high quality assets in some of the most dynamic Sun Belt markets," said Ben Brudney, a Director in the Real Estate group. "We continue to believe that the self-storage sector is experiencing strong demand tailwinds and represents an asset class with attractive long-term fundamentals and resiliency through cycles. We are focused on continued expansion of our self-storage footprint through 2021 and into 2022." KKR is making the investment through its Americas opportunistic equity real estate strategy. Since launching a dedicated real estate platform in 2011, KKR has grown real estate assets under management to approximately $32B across the U.S., Europe and Asia as of June 30, 2021. KKR's global real estate team consists of approximately 130 dedicated investment professionals, spanning both the equity and credit business, across twelve offices and nine countries.
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CG | Hot Stocks07:04 EDT CFGI announces investment from CVC Capital Partners Fund VIII - CFGI announced that funds advised by CVC Capital Partners have agreed to acquire a significant interest in the company, valuing CFGI at approximately $1.85B. All existing shareholders are reinvesting in the transaction in partnership with CVC, including funds managed by global investment firm Carlyle, Co-Founders and Co-CEOs Nick Nardone and Shane Caiazzo, and the partners of CFGI. Additional terms of the transaction were not disclosed.
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GTBP | Hot Stocks07:04 EDT GT Biopharma presenting positive safety data from Phase 1 TriKE trial - GT Biopharma announced a mini-oral presentation at the European Society for Medical Oncology Congress 2021 to be held virtually September 16-21 that will present updated positive Phase 1 safety data, progress, and preclinical data going beyond hematologic malignancies to solid tumors of a Phase 1 GTB-3550 TriKE trial. The Tri-Specific Killer Engager TriKE program is currently in pre-clinical and clinical development for the treatment of relapsed/refractory acute myelogenous leukemia and high-risk myelodysplastic syndrome with solid tumor TriKE commercial manufacturing and IND enabling studies in progress. The presentation highlights updated safety results from a Phase 1 GTB-3550 TriKE trial as a potential targeted therapy in immune suppressed patients with advanced myeloid malignancies, a novel paradigm exportable to solid tumors expressing Her2 or B7H3
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F WMT | Hot Stocks07:03 EDT Ford, Argo Ai and Walmart to launch autonomous vehicle delivery service - Ford (F), Argo AI and Walmart (WMT) are working together to launch an autonomous vehicle delivery service in Miami, Austin, Texas, and Washington, D.C., Walmart's first multi-city autonomous delivery collaboration in the U.S. The last mile delivery service will use Ford self-driving test vehicles equipped with the Argo AI Self-Driving System to deliver Walmart orders to customers. The multi-city service will enable Walmart customers to place orders of groceries and other popular items online for door-to-door autonomous delivery directly to customers' homes. The commercial service will be available to Walmart customers within defined service areas of the three markets and will expand over time, with initial integration testing slated to begin later this year.
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CNHI NKLA | Hot Stocks07:03 EDT IVECO, Nikola inaugurate JV manufacturing facility in Germany - The companies said, "An exciting new chapter in IVECO and Nikola Corporation's sustainable transport story set course today in Ulm, Germany as the manufacturing facility dedicated to the Nikola Tre electric heavy-duty trucks was unveiled to the public, ready to start production by year end. A milestone reached at record speed and delivered on schedule as previously communicated by IVECO, the commercial vehicles brand of CNH Industrial (CNHI), and Nikola Corporation (NKLA). The first Nikola Tre models produced here will be delivered to select customers in the United States in 2022. In addition to the battery-electric vehicle production model, the next evolution of this modular heavy-duty platform was also on display to the public in the form of the fuel cell electric vehicle prototype of the Nikola Tre. This subsequent model will enter production in Ulm by the end of 2023. Today's launch event was hosted in accordance with current COVID-19 standards and was limited to a select gathering of about 100 international and national stakeholders and media. Among those in attendance were Gerrit Marx, President Commercial & Specialty Vehicles at CNH Industrial and designated CEO of the Iveco Group; Mark Russell, Chief Executive Officer and President of Nikola; Winfried Herrmann, State Minister of Transport in Baden-Wurttemberg; Martin Bendel, First Mayor of the city of Ulm; Massimiliano Lagi, Consul General of Italy in Stuttgart, Germany. Spanning 50,000 square meters, of which 25,000 are covered, the Ulm manufacturing facility features a final assembly process that has been designed for "electric-born" vehicles. This site, and first phase of industrialization, represents joint investment by IVECO and Nikola and involves a projected 160 suppliers in the process from start to finish. The production line is currently anticipated to be capable of manufacturing approximately 1,000 units per shift per year and is expected to undergo progressive ramp-up in the following years. The site is expected to operate according to the principles of the World Class Manufacturing programme, with the goal of achieving zero waste, zero accidents, zero failures and zero stock, confirmed by its key characteristics which include fully digital shopfloor management designed to guarantee 100% traceability and paperless operations."
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ZM | Hot Stocks07:03 EDT Cathie Wood's ARK Investment bought 235.6K shares of Zoom Video on Tuesday
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NKLA CNHI | Hot Stocks07:02 EDT IVECO and Nikola inaugurate JV manufacturing facility for EV trucks in Germany - An exciting new chapter in IVECO and Nikola's (NKLA) sustainable transport story set course in Ulm, Germany as the manufacturing facility dedicated to the Nikola Tre electric heavy-duty trucks was unveiled to the public, ready to start production by year end. A milestone reached at record speed and delivered on schedule as previously communicated by IVECO, the commercial vehicles brand of CNH Industrial (CNHI), and Nikola. The first Nikola Tre models produced here will be delivered to select customers in the United States in 2022. In addition to the battery-electric vehicle production model, the next evolution of this modular heavy-duty platform was also on display to the public in the form of the fuel cell electric vehicle prototype of the Nikola Tre. This subsequent model will enter production in Ulm by the end of 2023.
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WEX | Hot Stocks06:57 EDT Wex signs new fleet card agreement with State of Minnesota - Wex has been awarded and entered into the state-wide fleet card contract with the State of Minnesota through the NASPO ValuePoint Master Agreement. NASPO ValuePoint is the cooperative purchasing arm of the National Association of State Procurement Officials. With the recent signings of additional NASPO participants Washington, Oregon, Colorado, Wisconsin, Arizona and Connecticut, WEX now has 34 state government contracts and approximately 1.2 million cards issued to state, federal and local government entities.
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PRMW | Hot Stocks06:55 EDT Primo Water to purchase minority interest in Sipple Hydration - Primo Water announced that it has entered into an agreement to purchase a minority interest in Sipple Hydration Stations, a network of hydration stations in the UK providing purified and chilled premium water refills. The agreement allows Primo to participate in the growing UK market and to expand the Sipple Hydration Stations to other markets in Primo's footprint. Customers can use their own bottle to refill, or they can purchase a reusable bottle from the hydration station along with one free 500ml refill.
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PNR | Hot Stocks06:51 EDT Pentair enters definitive agreement to acquire Pleatco for $255M in cash - Pentair announced that it has entered into a definitive agreement to acquire Pleatco, a manufacturer of water filtration and clean air technologies for pool, spa and industrial air customers. Pleatco is a current portfolio company of Align Capital Partners, a private equity firm with investment teams in Dallas, TX and Cleveland, OH. The planned acquisition of Pleatco provides Pentair an expanded range of replacement filter products to be sold through Pentair's existing Pool and Spa distribution channels as well as through Pleatco's distribution channels. Total consideration for the transaction is approximately $255M in cash, subject to customary adjustments. Pentair expects Pleatco to generate approximately $95M of annual revenue in 2021. The transaction is expected to be accretive in its first full year. The acquisition is anticipated to be completed in the fourth quarter, subject to customary closing conditions and necessary regulatory approvals, including expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.
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LLY | Hot Stocks06:49 EDT Eli Lilly to supply 388,000 doses of etesevimab to U.S. government - Eli Lilly announced an additional purchase by the U.S. government for its neutralizing antibody therapies authorized for emergency use as a treatment for COVID-19. As part of the agreement, Lilly will supply 388,000 doses of etesevimab to complement doses of bamlanivimab previously purchased by the U.S. government, with approximately 200,000 doses expected to ship Q3 and the remaining to be shipped in Q4. This transaction is expected to generate approximately $330M in revenue in the second half of 2021.
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GTHX | Hot Stocks06:47 EDT G1 Therapeutics to hire new supplemental Cosela sales force - G1 Therapeutics announced that it will hire and train a 15-person oncology sales force to supplement the Boehringer Ingelheim oncology commercial team. The expansion will allow G1 to target top tier accounts in order to accelerate sales activities and help maximize the adoption of Cosela. The new G1 sales representatives will supplement the existing Boehringer Ingelheim oncology commercial team. G1 entered into a three-year co-promotion agreement with Boehringer Ingelheim to collaborate on the commercialization of Cosela for its first indication in ES-SCLC.
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FHS | Hot Stocks06:45 EDT First High-School Education subsidiary partners with Sichuan Fuhang Capital - First High-School Education announced its wholly-owned subsidiary, First High-School Group Hong Kong, has entered into a strategic partnership agreement with Sichuan Fuhang Capital to collaborate in establishing an education fund.
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TRMB | Hot Stocks06:36 EDT Trimble announces beta launch of SketchUp for iPad - Trimble announced the beta launch of SketchUp for iPad, a new product that enables interior designers, architects, engineers and construction professionals to create, edit and collaborate on SketchUp models from anywhere, at any time. SketchUp for iPad is an bridge for architects and designers looking to move from paper and pencil to creating 3D models using an iPad, iPad Air, iPad mini, iPad Pro, Apple Pencil, mouse and keyboard, or multitouch gestures.
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CMCSA | Hot Stocks06:34 EDT Comcast NCBUniversal enters 'Global Talent Partnership' deal with Stephen Curry - Comcast NBCUniversal announced yesterday a "Global Talent Partnerships" deal with two-time NBA MVP Stephen Curry's Unanimous Media production company. The expansive, multi-year partnership includes first-look development deals with Universal Studio Group for scripted and unscripted television projects and DreamWorks Animation for kids and family content. "While Stephen is a world class athlete, his brand and mission transcends the basketball court. The reach of Comcast NBCUniversal's diverse portfolio will allow us to collaborate and support Stephen and Unanimous' goals and ambitions while making compelling and impactful content for a global audience," said Jimmy Horowitz, Vice Chairman, NBCUniversal Business Affairs and Operations. In addition to the first-look deals, Curry will partner with many other brands across the portfolio on a variety of on-camera and creative opportunities including joining NBC Sports' GOLF Channel for coverage of the ultimate team golf event, the Ryder Cup. Curry will also help launch the The More You Know, NBCUniversal's PSA campaign. Other concepts are in development with the Entertainment group as well as NBC News Studios, MSNBC, CNBC, Universal Parks & Resorts and Comcast's Xfinity brand.
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INFY SAP | Hot Stocks06:34 EDT Infosys, SAP collaborate to provide business process transformation-as-a-service - Infosys (INFY) announced a strategic collaboration with SAP (SAP) to provide business process transformation-as-a-service to enterprises.
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CDXC | Hot Stocks06:34 EDT ChromaDex to appeal Motion for Summary Judgement in Elysium Health lawsuit - ChromaDex plans to appeal a September 14 decision granting a Motion for Summary Judgment in its lawsuit for patent infringement against Elysium Health in the United States District Court for the District of Delaware. ChromaDex licenses two patents from the Trustees of Dartmouth College, which give ChromaDex exclusive rights to the NAD precursor nicotinamide riboside. ChromaDex retains an intellectual property portfolio for nicotinamide riboside, consisting of over 20 composition, process, and method of use patents for discoveries relating to NR and other NAD+ precursors. A separate lawsuit filed by ChromaDex against Elysium in the United States District Court for the Central District of California, which is distinct from the Delaware case, is set to begin trial on Tuesday, September 21.
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COF | Hot Stocks06:33 EDT Capital One reports August net charge-offs 1.54% vs. 1.45% last month - Reports August 30-plus day delinquencies 1.79% vs. 1.71% last month.
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SAGE | Hot Stocks06:31 EDT Sage Therapeutics receives FDA Fast Track Designation for SAGE-718 - Sage Therapeutics announced that the U.S. FDA has granted Fast Track Designation to SAGE-718 for development as a potential treatment for Huntington's disease. Fast Track is a process designed to facilitate the development and review of new treatments for serious conditions with unmet medical need such as HD.
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SYF | Hot Stocks06:31 EDT Synchrony reports August charge-off rate 2.59% vs. 2.24% last month - Reports August 30-plus day delinquencies 1.33% vs. 1.37% last month.
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UNCY | Hot Stocks06:30 EDT Unicycive Therapeutics to be added to Russell Microcap Index - Unicycive Therapeutics announced the company is scheduled to be added as a member of the Russell Microcap Index as part of the 2021 Russell indexes reconstitution after the market opens on September 20 based on a preliminary list of additions.
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TBPH | Hot Stocks06:11 EDT Theravance Biopharma to reduce headcount by 75% - Theravance Biopharma announced strategic actions to focus on leveraging its expertise in developing and commercializing respiratory therapeutics in order to maximize shareholder value. These changes follow a scenario planning exercise led by the board and management with the assistance of outside advisors. In order to implement this plan, Theravance Biopharma will immediately initiate a significant cost reduction program. Headcount will be reduced by approximately 75%, an estimated 270 positions, with approximately 75% of the reduction expected to be completed in November and the remainder to be completed in February 2022. The company has also decided to reduce the size of its board, and is announcing the resignations from the board of two long-term directors: George Whitesides and Robert Gunderson, effective immediately.
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AMZN... | Hot Stocks06:10 EDT Rivian CEO: First customer vehicle drove off production line on Tuesday - Rivian founder and CEO RJ Scaringe on Tuesday tweeted that the company's first R1T pickup for a customer drove off the assembly line in the morning at its plant in Normal, Illinois. "After months of building pre-production vehicles, this morning our first customer vehicle drove off our production line in Normal! Our team's collective efforts have made this moment possible. Can't wait to get these into the hands of our customers!" Rivian, which is backed by Amazon (AMZN) and Ford (F), competes with Tesla (TSLA), General Motors (GM), and others. Reference Link
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TBPH | Hot Stocks06:09 EDT Theravance Biopharma reports ampreloxetine study did not meet primary endpoint - Theravance Biopharma announced top-line results from a Phase 3 randomized, double-blind, placebo-controlled multi-center Phase 3 study assessing the safety and efficacy of ampreloxetine compared to placebo for the treatment of symptomatic neurogenic orthostatic hypotension, or nOH. The study did not meet its primary endpoint. The majority of treatment-related adverse events were mild or moderate in severity. Serious adverse events occurred in two patients on placebo and four on ampreloxetine and none were considered related to the study drug; no deaths were reported. There was no signal for supine hypertension. The company plans to present the results at a future scientific forum. In light of these results, the company will be determining the appropriate next steps for Study 0170 and Study 0171; clinical trial sites will be notified accordingly.
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SCM | Hot Stocks06:07 EDT Stellus Capital increases quarterly dividend to 28c per share - Stellus Capita announced today that its board has declared a regular monthly dividend for each of October, November, and December for an aggregate of 28c per share which is an increase of 1c for the quarter as compared to the prior quarter.
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CAE | Hot Stocks06:02 EDT CAE selected by BETA to design, develop ALIA eVTOL training program - CAE announced that BETA Technologies selected CAE as its partner of choice to design and develop its pilot and maintenance technician training program for the ALIA eVTOL aircraft. CAE will leverage its decades of training expertise to develop a full suite of digitally integrated curriculum and courseware solutions for the aviation workforce. The new training program will be built from the ground-up, in parallel with BETA's aircraft certification journey, taking into account the operational and mission specific inputs for this aircraft.
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PACE | Hot Stocks05:30 EDT TPG Pace Tech Opportunities stockholders approve merger with Nerdy - TPG Pace Tech Opportunities announced that TPG Pace Tech Opportunities' stockholders voted to approve its proposed business combination with Nerdy, a platform for delivering live online learning, with the business combination supported by approximately 95% of the shares of TPG Pace Tech Opportunities voted at the general extraordinary meeting of TPG Pace Tech Opportunities stockholders.
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EC | Hot Stocks05:27 EDT Ecopetrol receives COP 3.67B fine from ANLA - Ecopetrol reported that it was notified through Resolution 01613 that the National Environmental Licensing Authority, or ANLA, had fined Ecopetrol in the sum of COP 3.67B. This sanction originated from works carried out in the CPO09 Exploratory Drilling Area project located in the municipality of Acacias, Meta Department, because ANLA considered that a bridge was not contemplated in the environmental license and that locations were built at a shorter distance to the preservation areas of the Cano Lejia and Cano NN water resources. Ecopetrol abides by and respects the decisions of ANLA. However, the company said its actions have always been framed in compliance with current legal regulations, so it will make use of the appropriate legal resources in order to obtain the revocation of this decision.
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OBSV | Hot Stocks05:21 EDT ObsEva submits linzagolix NDA to FDA - ObsEva announced that it has submitted a new drug application, or NDA, to the FDA for linzagolix for the treatment of uterine fibroids. Linzagolix is an oral GnRH receptor antagonist. Further, if approved, linzagolix will be the only GnRH antagonist in uterine fibroids with a low dose non-add-back therapy option.
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BPTS | Hot Stocks05:17 EDT Biophytis receives recommendation from DMC to continue COVA study as is - Biophytis announced the recommendation by the Data Monitoring Committee, or DMC, to continue the Phase 2-3 COVA study without any modification of the protocol, after the interim efficacy data were found in the promising zone in the Interim Analysis 2 based on 155 COVID-19 patients hospitalized with respiratory failure. This recommendation completes previous safety evaluation performed by DMC last August that confirmed the safety profile of Sarconeos.
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DADA YSG | Hot Stocks05:10 EDT Dada, JDDJ and Perfect Diary enter partnership to roll out one-hour delivery - Dada Group (DADA) announced that JD Daojia, or JDDJ, and Perfect Diary, a color cosmetics brand in China under Yatsen Holding (YSG), have entered into a partnership to promote the digital transformation of physical stores and provide Chinese consumers with one-hour shopping services of Chinese brand cosmetics products. In the partnership, Dada's on-demand retail platform, JDDJ and Perfect Diary collaborate in product management, digital marketing, targeted user operations, and order fulfillment optimization with an omni-channel retail solution. When Chinese consumers order via the JDDJ platform, beauty products are delivered to them from the nearest Perfect Diary store within one hour by Dada's delivery riders. As of now, more than 160 Perfect Diary stores have launched on JDDJ, covering hundreds of counties and cities in China. Based on Dada's partnership with JD, these Perfect Diary stores will be available on JD.com.
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IDEX | Hot Stocks05:04 EDT Ideanomics to increase stake in Energica to 70% - Ideanomics announced it has entered into an agreement to launch a voluntary conditional tender offer in concert with the Founders of Energica for shares of Energica, a manufacturer and distributor of 100% battery-powered electric motorcycles, pursuant to which Ideanomics plans to increase its investment in Energica to approximately 70%. The Energica Founders shall continue to own 29% of Energica. The transaction is subject to regulatory approval, and other customary closing conditions.
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