Stockwinners Market Radar for September 17, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ALPMY PFE | Hot Stocks18:09 EDT Astellas Pharma, Pfizer: XTANDI improved OS in Phase 3 ARCHES study - Astellas Pharma (ALPMY) and Pfizer (PFE) announced ahead of the European Society for Medical Oncology Congress 2021 that XTANDI improved overall survival in the ARCHES study in men with metastatic hormone-sensitive prostate cancer. The Phase 3, randomized, double-blind, placebo-controlled trial compared XTANDI plus androgen deprivation therapy versus placebo plus ADT in men with mHSPC and OS was a key secondary endpoint. In the study, XTANDI plus ADT reduced the risk of death by 34% compared to placebo plus ADT. Median OS, which represents the time from randomization to death due to any cause, was not reached in either treatment group. The safety profile in both study arms was consistent with findings from the primary analysis.
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CROX | Hot Stocks17:52 EDT Crocs director Bickley sells 5,000 common shares - In a regulatory filing, Crocs director Ian Bickley disclosed the sale of 5,000 common shares of the company on September 16 at a price of $156.47 per share.
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TSLA | Hot Stocks17:48 EDT NTSB to conduct safety investigation of fatal Tesla Model 3 crash in Florida - The NTSB said that, in coordination with City of Coral Gables Police Department, it is sending three investigators to conduct a safety investigation of the fatal Sept. 13, 2021, vehicle crash involving a Tesla Model 3 that departed the roadway and collided with a tree in Coral Gables, Florida. Reference Link
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AZEK | Hot Stocks17:37 EDT Azek exec Ochoa sells 20,000 class A shares - In a regulatory filing, Azek Residential Segment President Joe Ochoa disclosed the sale of 20,000 class A common shares of the company on September 17 at a price of $38.67 per share.
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RYCEY | Hot Stocks17:17 EDT Rolls-Royce awarded $194M Army contract - Rolls-Royce was awarded a $194M firm-fixed-price contract for the acquisition of Namer Armored Personnel Carrier Power Packs Less Transmissions. Bids were solicited via the internet with one received. Work will be performed in Novi, Michigan, with an estimated completion date of December 31. FY20 Foreign Military Sales funds in the amount of $194M were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.
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ABT | Hot Stocks17:14 EDT Abbott awarded $119.51M Defense Logistics Agency contract - Abbott was awarded a maximum $119.51M indefinite-delivery/indefinite-quantity contract for over-the-counter antigen test kits. This was a competitive acquisition with three responses received. This is a one-year contract with no option periods. Location of performance is all 50 states, with a September 14, 2022, ordering period end date. Primary customer is the Department of Health and Human Services. Type of appropriation is FY21 through FY22 defense working capital funds. The contracting activity is the Defense Logistics Agency Troop Support.
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QDEL | Hot Stocks17:12 EDT Quidel awarded $710.57M Defense Logistics Agency contract - Quidel has been awarded a maximum $710.57M indefinite-delivery/indefinite-quantity contract for over-the-counter antigen test kits. This was a competitive acquisition with three responses received. This is a one-year contract with no option periods. Location of performance is all 50 states, with a September 14, 2022, ordering period end date. Primary customer is the Department of Health and Human Services. Type of appropriation is FY21 through FY22 defense working capital funds. The contracting activity is the Defense Logistics Agency Troop Support.
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BA | Hot Stocks17:10 EDT Boeing awarded $1.62B Navy contract - Boeing has been awarded a $1.62B indefinite-delivery/indefinite-quantity contract for missile guidance repair. This contract will repair the Minuteman III Intercontinental Ballistic Missile, or ICBM, missile guidance set. Work will be performed in Newark, Ohio, and is expected to be completed by September 27, 2039. This award is the result of a sole-source acquisition. FY21 operation and maintenance funds in the amount of $32.49M are being obligated at the time of award. The Air Force Nuclear Weapons Center is the contracting activity.
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OSCR | Hot Stocks17:08 EDT Oscar Health CEO acquires 57,300 class A shares - In a regulatory filing, Oscar Health CEO Mario Schlosser disclosed the purchase of 57,300 class A common shares of the company on September 16 at a price of $17.5308 per share.
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ZEUS | Hot Stocks16:44 EDT Olympic Steel announces sale of Detroit assets for $58.4M - Olympic Steel announced the sale of substantially all of the company's Detroit assets and operations to Venture Steel. The sale price, which exceeded the book value of the net assets sold, was $58.4M in cash, subject to a future working capital adjustment, which is expected to increase the final sale price.
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PFE... | Hot Stocks16:40 EDT FDA panel also recommends Pfizer booster for people with job exposure risk - According to CNBC's Meg Tirrell, an FDA panel voted 18 "yes" to zero "no" to include healthcare workers or others at high risk for occupation exposure to be included in the Pfizer booster EUA. Reference Link
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PFE... | Hot Stocks16:27 EDT FDA panel votes 18-0 for EUA for Pfizer booster for people 65+ - The panel said that known and potential benefits outweigh known and potential risks of the Pfizer vaccine booster at least six months out for us in adutls 65 and older and those at high risk of severe COVID-19.
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PFE... | Hot Stocks16:25 EDT FDA panel votes in favor of recommending Pfizer booster for people aged 65+ - An FDA advisory committee panel voted 18 "yes" to 0 "yes" on whether the safety and effectiveness data from clinical trial C4591001 support approval of a COMIRNATY booster dose administered at least six months after completion of the primary series for use in individuals 65 year or older and those at high risk of severe COVID-19.
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EXEL | Hot Stocks16:24 EDT Exelixis announces FDA approval of CABOMETYX - Exelixis announced that the U.S. FDA approved CABOMETYX for the treatment of adult and pediatric patients 12 years of age and older with locally advanced or metastatic differentiated thyroid cancer that has progressed following prior vascular endothelial growth factor receptor-targeted therapy and who are radioactive iodine-refractory or ineligible. The FDA granted Breakthrough Therapy designation and Priority Review to CABOMETYX and its approval comes more than two months ahead of the Prescription Drug User Fee Act target action date of December 4, 2021.
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VRTX | Hot Stocks16:22 EDT Vertex announces LOI with pCPA over TRIKAFTA public reimbursement - Vertex Pharmaceuticals Incorporated announced that it has signed a Letter of Intent with the pan-Canadian Pharmaceutical Alliance, which represents an agreement in principle regarding the public reimbursement of PrTRIKAFTA for eligible patients with cystic fibrosis. This is an extension of the LOI with the pCPA including PrKALYDECO and PrORKAMBI. "This is a significant milestone for patients with CF in Canada," said Duncan McKechnie, Senior Vice President, North America Commercial Operations, Vertex Pharmaceuticals. "We would like to thank the pCPA and the participating jurisdictions for their collaborative approach. We share the urgency of the CF community to bring this process to a successful conclusion, and we will continue our work with all the provinces and territories so that eligible people with CF have the opportunity to receive TRIKAFTA, KALYDECO and ORKAMBI."
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VIAV | Hot Stocks16:05 EDT Viavi announces $190M share repurchase plan - On September 17, Viavi Solutions' Board of Directors authorized a new common stock repurchase plan of up to $190M, which is (i) anticipated to result in the repurchase of shares of its common stock that will be approximately equal to the number of shares of common stock issued in connection with the previously announced exchange transaction with certain holders of VIAVI's convertible notes and (ii) separate from the previously authorized stock repurchase program of up to $200M. VIAVI expects that repurchases under the stock repurchase plan will be completed within six months. As a result of the authorization of the stock repurchase plan, VIAVI no longer plans on entering into an accelerated share repurchase agreement.
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INCY | Hot Stocks16:01 EDT Incyte says Health Canada grants conditional approval of Pemazyre - Incyte announced that Health Canada has granted a Notice of Compliance with conditions for Pemazyre, a selective fibroblast growth factor receptor inhibitor, for the treatment of adults with previously treated, unresectable locally advanced or metastatic cholangiocarcinoma with a fibroblast growth factor receptor 2 fusion or other rearrangement. "For appropriate patients with cholangiocarcinoma, the approval of Pemazyre in Canada offers patients hope with a new potential treatment option after their cancer has returned, following the failure of first-line treatment," said Durhane Wong-Rieger, Ph.D., President and CEO, Canadian Organization for Rare Disorders. "Cholangiocarcinoma is a rare cancer of the bile duct with limited treatment options. As a result, patients face a poor prognosis," said Dr. Vincent Tam, MD, Medical Oncologist, Tom Baker Cancer Centre. "With the approval of Pemazyre, we now have a targeted treatment option for those patients with progressive disease after first-line chemotherapy."
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PFE... | Hot Stocks15:44 EDT Pfizer, Moderna lower after panel votes on booster recommendation - Shares of Pfizer (PFE) are down about 1.5% to $43.84 and those of Moderna (MRNA) are down about 4% to $421.95 in late day trading after an FDA advisory committee panel voted 16 "no" to 2 "yes" on whether the safety and effectiveness data from clinical trial C4591001 support approval of a booster dose of Pfizer and BioNTech's (BNTX) Comirnaty administered at least six months after completion of the primary series for use in individuals 16 years of age and older. The panel was voting specifically on Pfizer's application, not on Moderna's vaccine.
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PFE... | Hot Stocks15:33 EDT FDA panel votes against recommending booster dose of Pfizer COVID vaccine - An FDA advisory committee panel voted 16 "no" to 2 "yes" on whether the safety and effectiveness data from clinical trial C4591001 support approval of a COMIRNATY booster dose administered at least six months after completion of the primary series for use in individuals 16 years of age and older.
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IDW | Hot Stocks15:29 EDT IDW, Penguin Random House announce multi-year sales, distribution agreement - IDW Publishing and Penguin Random House Publisher Services announced an exclusive worldwide multi-year sales and distribution agreement for IDW's newly published and backlist comic book periodicals, trade collections, and graphic novels to the Direct Market comic shops beginning June 1, 2022. The new agreement complements and expands their current partnership, in which PRHPS sells and distributes IDW's trade-book frontlist and backlist to bookstores. "IDW succeeds when the Direct Market succeeds," said IDW Publisher Nachie Marsham. "No matter how amazing our comics and graphic novels may be, it's the retailers that are connecting readers with our stories. Because of that, I couldn't be more excited about our future with Penguin Random House and I have the utmost confidence that every store, no matter the size, will see the benefits of the high levels of care and service that PRHPS brings." Jeff Abraham, President of Penguin Random House Publisher Services, said, "IDW have been wonderful partners these past five years and it's been thrilling to see the evolution of its publishing program, and to support the phenomenal growth of their graphic novels into the book trade. With PRHPS's expansion in the Direct Market, we see this as a natural extension of that partnership and look forward to putting the expertise of PRH's supply chain, customer knowledgeability and sales know-how, and solutions-centered customer service to help bring IDW comics and graphic novels to even more fans throughout the world."
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CPRT | Hot Stocks15:23 EDT Copart CEO sells 170,000 common shares - In a regulatory filing, Copart CEO A. Jayson Adair disclosed the sale of 170,000 common shares of the company on September 15 at a price of $147.20 per share.
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WBA | Hot Stocks13:52 EDT Walgreens announces new bonuses, rewards to further support team members - Walgreens continues to introduce new programs to support and recognize the work of team members by announcing new bonuses and rewards for pharmacy teams: Pharmacist Bonus: A one-time bonus of $1,250.00 to full-time pharmacists and a $1,000.00 payment to part-time pharmacists will be paid in September 2021. Technician Certification Reward: Pharmacy technicians who are certified or become certified to administer flu and COVID-19 vaccines will receive a $1,000.00 reward throughout a six-month retention period. "We are always pleased to thank and reward our pharmacy team members for their exceptional dedication to supporting our patients, customers and communities, especially as they continue to play a vital role in leading the nation's COVID-19 vaccination and testing efforts," said John Standley, President, Walgreens. For example, in August, Walgreens announced that the starting hourly wage for all team members will be increased to $15.00 an hour, taking effect in phases beginning in October of this year through November 2022. Walgreens is also providing an incentive of $200 myWalgreens cash to any team member who has been fully vaccinated against COVID-19 by Nov. 30, 2021. Walgreens has administered more than 30 million COVID-19 vaccines, it said in a statement.
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IDA | Hot Stocks13:45 EDT Idacorp raises common stock dividend 5.6% to 75c per share - Idacorp announced that its board of directors approved a 5.6% increase in the regular quarterly cash dividend on its common stock to 75c per share. "Idacorp's board of directors has approved a dividend increase every year over the last decade, resulting in a cumulative average dividend growth rate of approximately 8.6%. These changes represent an overall increase of 150% in IDACORP's quarterly dividend over that period. Our financial and operational performance have allowed us to increase the dividend to shareholders, all while Idaho Power customers continue to benefit from some of the lowest energy prices in the nation. At this time, management expects to recommend to the board of directors future annual increases in the dividend of 5% or more, with the intent of remaining within our target payout ratio of between 60 and 70% of sustainable Idacorp earnings," said Lisa Grow, President and CEO.
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KIND KVSB | Hot Stocks13:20 EDT Nextdoor intends to list on NYSE following close of proposed merger - Nextdoor and Khosla Ventures Acquisition Co. II, a special purpose acquisition company sponsored by an affiliate of Khosla Ventures, LLC, announced that they intend to list the Class A common stock of Nextdoor Holdings, Inc. on the New York Stock Exchange upon closing of their proposed business combination transaction. We are thrilled to announce our intention to list on the NYSE and join its remarkable roster of industry-leading companies and some of the world's most respected brands," said Sarah Friar, CEO, Nextdoor. "We believe that our proposed transaction with KVSB and intent to list on the NYSE will accelerate the growth of our platform and our ability to lead in cultivating hyperlocal communities where neighbors turn daily to receive trusted information, give and get help, and build real-world connections." Upon closing of the proposed transaction, KVSB will de-list from the Nasdaq and the Class A common stock of Nextdoor Holdings, Inc. will begin trading on the NYSE under the ticker symbol "KIND". The listing on NYSE will be subject to application by KVSB and Nextdoor to list the shares on NYSE and approval by NYSE of such application.
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BKR | Hot Stocks13:06 EDT Baker Hughes reports U.S. rig count up 9 to 512 rigs - Baker Hughes reports that the U.S. rig count is up 9 from last week to 512 with oil rigs up 10 to 411, gas rigs down 1 to 100, and miscellaneous rigs unchanged at 1. The U.S. Rig Count is up 257 rigs from last year's count of 255, with oil rigs up 232 gas rigs up 27 and miscellaneous rigs down 2 to 1. The U.S. Offshore Rig Count is unchanged at 6, down 8 year-over-year. The Canada Rig Count is up 11 from last week to 154, with oil rigs up 8 to 95, gas rigs up 3 to 59. The Canada Rig Count is up 90 rigs from last year's count of 64, with oil rigs up 65, gas rigs up 25.
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BKR | Hot Stocks13:00 EDT Baker Hughes reports U.S. rig count up 9 to 512 rigs
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GRA | Hot Stocks12:55 EDT W.R. Grace shareholders approve Standard Industries deal - W.R. Grace announced that, at a Special Meeting of Shareholders, the company's shareholders approved a proposal to adopt the merger agreement between Grace and an affiliate of Standard Industries Holdings Inc., under which Standard Industries Holdings will acquire all of the outstanding shares of Grace common stock for $70.00 per share in cash. Approximately 99.6% of the votes cast at the meeting, representing approximately 69.5% of shares of the company's common stock issued and outstanding as of the close of business on August 9, 2021, the record date for the Special Meeting, voted to adopt the Merger Agreement. The final vote results, as certified by an independent Inspector of Election, will be filed on a Form 8-K with the U.S. Securities and Exchange Commission. The completion of the transaction is expected to occur on Wednesday, September 22, 2021, subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the Merger Agreement. Following the closing of this transaction, Grace will become a privately held company that will operate as a standalone company within the portfolio of Standard Industries, and Grace's common stock will no longer be listed on the New York Stock Exchange.
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WBA | Hot Stocks12:13 EDT Walgreens announces new bonuses for pharmacy teams - Walgreens is introducing new programs to support and recognize the work of team members by announcing new bonuses and rewards for pharmacy teams: Pharmacist Bonus: A one-time bonus of $1,250 to full-time pharmacists and a $1,000 payment to part-time pharmacists will be paid in September 2021. Technician Certification Reward: Pharmacy technicians who are certified or become certified to administer flu and COVID-19 vaccines will receive a $1,000 reward throughout a six-month retention period. Walgreens is also providing an incentive of $200 myWalgreens cash to any team member who has been fully vaccinated against COVID-19 by Nov. 30, 2021.
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DSNKY AZN | Hot Stocks12:10 EDT AstraZeneca says Enhertu showed clinically meaningful, durable response in trial - AstraZeneca (AZN) announced that detailed results from the Phase II DESTINY-Gastric02 trial showed that Enhertu, the AstraZeneca and Daiichi Sankyo (DSNKY) HER2-directed antibody drug conjugate, provided a clinically meaningful and durable tumor response in patients with HER2-positive metastatic and/or unresectable gastric or gastroesophageal junction adenocarcinoma previously treated with a trastuzumab-containing regimen. Results were presented during a late-breaking mini-oral presentation at the European Society for Medical Oncology, or ESMO, Congress 2021. In the primary analysis of DESTINY-Gastric02, the first trial of Enhertu specifically in Western patients with HER2-positive metastatic gastric cancer or GEJ adenocarcinoma, Enhertu demonstrated a confirmed overall response rate, or ORR, of 38% as assessed by independent central review. Three complete responses and 27 partial responses were observed in patients treated with Enhertu. These results were consistent with those from the registrational DESTINY-Gastric01 Phase II trial previously published in The New England Journal of Medicine, the company stated.
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AZN | Hot Stocks12:10 EDT AstraZeneca's ENHERTU showed 'clinically meaningful' response in Phase II trial - Detailed results from the positive DESTINY-Gastric02 Phase II trial showed that ENHERTU, the AstraZeneca and Daiichi Sankyo Company HER2-directed antibody drug conjugate, provided a clinically meaningful and durable tumor response in patients with HER2-positive metastatic and/or unresectable gastric or gastroesophageal junction adenocarcinoma previously treated with a trastuzumab-containing regimen. Results were presented during a late-breaking mini-oral presentation at the European Society for Medical Oncology Congress 2021. In the primary analysis of DESTINY-Gastric02, the first trial of ENHERTU specifically in Western patients with HER2-positive metastatic gastric cancer or GEJ adenocarcinoma, ENHERTU demonstrated a confirmed overall response rate of 38% as assessed by independent central review. Three complete responses and 27 partial responses were observed in patients treated with ENHERTU. These results were consistent with those from the registrational DESTINY-Gastric01 Phase II trial previously published in The New England Journal of Medicine. After a median follow-up of 5.7 months, the median duration of response of ENHERTU was 8.1 months. The median progression-free survival was 5.5 months. An exploratory endpoint of confirmed disease control rate of 81% was seen. Eric Van Cutsem, MD, PhD, University Hospitals Leuven, said: "While the benefit of a HER2-targeted therapy in the first-line metastatic gastric cancer setting has been well-established, the disease will eventually progress. The positive results of DESTINY-Gastric02 show a strong response rate and reinforce the established efficacy and safety profile of ENHERTU in patients who are in need of additional therapeutic options."
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BROS | Hot Stocks12:00 EDT Dutch Bros falls -10.2% - Dutch Bros is down -10.2%, or -$4.90 to $43.10.
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IRNT | Hot Stocks12:00 EDT IronNet falls -19.6% - IronNet is down -19.6%, or -$8.11 to $33.29.
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OPAD | Hot Stocks12:00 EDT Offerpad Solutions falls -22.9% - Offerpad Solutions is down -22.9%, or -$4.57 to $15.40.
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FORG | Hot Stocks12:00 EDT ForgeRock rises 9.7% - ForgeRock is up 9.7%, or $3.53 to $40.03.
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SPIR | Hot Stocks12:00 EDT Spire Global rises 10.3% - Spire Global is up 10.3%, or $1.17 to $12.58.
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CSU | Hot Stocks12:00 EDT Capital Senior Living rises 15.6% - Capital Senior Living is up 15.6%, or $4.55 to $33.70.
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ABT | Hot Stocks11:37 EDT FDA warning on potential for false positives with Abbott Alinity COVID test - The U.S. Food and Drug Administration is alerting clinical laboratory staff and health care providers of a potential for false positive results with Abbott Molecular's Alinity m SARS-CoV-2 AMP Kit, List Number 09N78-095, and Alinity m Resp-4-Plex AMP Kit, List Number 09N79-096. The false positive results may be related to current mixing parameters of the PCR reaction mixture that may result in potential overflow that could carry over into neighboring wells in the assay reagent tray. Overflow into the wells of true negative samples that are positioned near positive samples in the assay tray could produce false positive results. "The FDA is working with Abbott Molecular Inc. to resolve these issues. The FDA will continue to keep clinical laboratory staff, health care providers, and the public informed of significant new information," the FDA stated in a letter to clinical laboratory staff and health care providers posted to its website. Reference Link
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NFLX | Hot Stocks11:19 EDT Netflix confirms creative partnership deal with Emmy winner Dan Levy - Netflix confirmed via Twitter: "Thrilled to announce that Dan Levy and Netflix have formed a creative partnership that will have the four time Emmy winner create original content across films and series." Reference Link
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CEMI | Hot Stocks11:17 EDT Chembio Diagnostics touts testing capabilities in tweet, cites Biden COVID plan - Chembio Diagnostics' official Twitter account tweeted: Biden has announced a new plan for COVID-19 Employers with 100+ workers will now require vaccines or weekly testing Chembio provides tests for Symptomatic & Asymptomatic serial testing, as well as multiplex COVID/Flu testing" In morning trading, Chembio Diagnostics shares are up 24c, or 9%, to $2.92 following the company's tweet. Reference Link
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BX OKTA | Hot Stocks11:05 EDT Blackstone appoints Frederic Kerrest as senior advisor - Blackstone (BX) announced the appointment of Frederic Kerrest, Executive Vice Chairman, COO, and co-founder of Okta (OKTA) as a senior advisor. The company said, "He will bring his extensive experience as an entrepreneur and as an enterprise software executive to advise across Blackstone's businesses, with a focus on Blackstone Growth, the firm's growth equity investing platform."
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FMAO | Hot Stocks10:46 EDT Farmers & Merchants raises quarterly dividend 5.9% to 18c per share - The Board of Directors of Farmers & Merchants Bancorp announced that it has approved a 5.9% increase in the Company's quarterly cash dividend. The new cash dividend has been raised to 18c per share from the previous dividend of 17c and represents the 27th consecutive annual increase in the Company's regular dividend payment since 1994. The third quarter dividend is payable on October 20, 2021, to shareholders of record as of September 28, 2021.
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CNC HUM | Hot Stocks10:33 EDT Centene up 2% after Gordon Haskett discusses Humana trip to St. Louis - Shares of Centene (CNC) are up $1.05, or 2%, to $62.64 in early trading after Gordon Haskett's head of event-driven research, Don Bilson, discussed in a note to investors sent before the open his tracking of flight data related to Humana (HUM). In his note, Bilson stated in part: "Today's mention centers on St. Louis where Humana looks to have dropped someone off on Monday and then picked someone up on Wednesday... Though HUM flies a lot, we haven't seen it in St. Louis recently and there is one very obvious target that calls the 'Gateway to the West' its home." Centene's corporate headquarters is located in St. Louis, Missouri.
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BKSY | Hot Stocks10:00 EDT BlackSky falls -7.2% - BlackSky is down -7.2%, or -92c to $11.88.
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IRNT | Hot Stocks10:00 EDT IronNet falls -14.2% - IronNet is down -14.2%, or -$5.86 to $35.54.
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OPAD | Hot Stocks10:00 EDT Offerpad Solutions falls -21.3% - Offerpad Solutions is down -21.3%, or -$4.26 to $15.71.
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IVZ | Hot Stocks10:00 EDT Invesco rises 5.8% - Invesco is up 5.8%, or $1.46 to $26.34.
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GCI | Hot Stocks10:00 EDT Gannett rises 7.1% - Gannett is up 7.1%, or 46c to $6.96.
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FORG | Hot Stocks10:00 EDT ForgeRock rises 10.2% - ForgeRock is up 10.2%, or $3.73 to $40.23.
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TMO | Hot Stocks09:57 EDT Thermo Fisher sees FY25 revenue $48.8B-$50.8B - Sees FY25 adjusted operating margin greater than 26%, adjusted operating income $12.9B-$13.7B, adjusted ROIC 17%.
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TMO | Hot Stocks09:56 EDT Thermo Fisher sees 2022-2025 EPS CAGR 14%-15%
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X | Hot Stocks09:47 EDT U.S. Steel falls -4.9% - U.S. Steel is down -4.9%, or -$1.24 to $24.15.
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IRNT | Hot Stocks09:47 EDT IronNet falls -13.0% - IronNet is down -13.0%, or -$5.38 to $36.02.
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OPAD | Hot Stocks09:47 EDT Offerpad Solutions falls -19.9% - Offerpad Solutions is down -19.9%, or -$3.97 to $16.00.
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FORG | Hot Stocks09:47 EDT ForgeRock rises 7.9% - ForgeRock is up 7.9%, or $2.87 to $39.37.
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ONON | Hot Stocks09:47 EDT On Holding rises 7.9% - On Holding is up 7.9%, or $2.95 to $40.44.
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BROS | Hot Stocks09:47 EDT Dutch Bros rises 9.7% - Dutch Bros is up 9.7%, or $4.64 to $52.64.
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BIDU | Hot Stocks09:11 EDT Baidu-backed DeepWay unveils smart new energy heavy-duty truck - DeepWay, a Baidu-backed company, unveiled Xingtu, a smart new energy heavy-duty truck with a computing power of more than 500 TOPS and ultra-long-distance sensing capabilities of more than 1 kilometer. This announcement marks Baidu's entry into the multi-trillion global freight market. Powered by Baidu's globally recognized AI technology stack and the Baidu Apollo autonomous driving platform, Xingtu is a prime example of the next generation vehicles we will see in the smart driving era. The first generation of Xingtu is designed to enable L3 self-driving on high-speed freight routes and achieve L4 capabilities on these same routes between 2024 and 2026.
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BIIB | Hot Stocks09:11 EDT Biogen announces positive CHMP opinion for VUMERITY - Biogen announced that the Committee for Medicinal Products for Human Use issued a positive opinion and has recommended granting marketing authorization for VUMERITY in the European Union. VUMERITY is a next-generation oral fumarate for the treatment of adults with relapsing-remitting multiple sclerosis. An estimated 2.8 million people live with MS across the globe, with some European countries demonstrating the highest prevalence of MS in the world. The CHMP's positive opinion will now be referred to the European Commission, which grants marketing authorizations for medicines in Europe. The positive CHMP opinion was based on data from pharmacokinetic bridging studies comparing VUMERITY and TECFIDERA to establish bioequivalent exposure of monomethyl fumarate, the active metabolite, and relied in part on the well-established long-term safety and efficacy profile of TECFIDERA. The CHMP also assessed findings from EVOLVE-MS-2, a large, randomized, double-blind, five-week, multi-center Phase 3 study to evaluate the gastrointestinal tolerability of VUMERITY compared to TECFIDERA in patients with RRMS. In EVOLVE-MS-2, the rate of overall treatment discontinuation was lower in participants treated with VUMERITY compared to those treated with TECFIDERA. The difference in the discontinuation rates due to GI tolerability was 0.8% for VUMERITY compared to 4.8% for TECFIDERA.
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LNC | Hot Stocks09:07 EDT Lincoln National enters $9.4B reinsurance agreement, sees accretion - Lincoln Financial announced it has entered into an agreement with Security Life of Denver Insurance Company, a subsidiary of Resolution Life, to reinsure approximately $9.4B of in-force executive benefit and universal life reserves. The transaction will generate approximately $1.2B of capital. The proceeds will predominantly be used to fund incremental share repurchases of approximately $900M that will be completed by the end of the first quarter of 2022. The remaining proceeds will be used for general corporate uses, primarily paying down debt. The transaction is expected to be approximately 5% accretive to Lincoln Financial's adjusted operating earnings per share and expand ROE in 2022. Under the terms of the reinsurance agreement, Lincoln Financial will retain account administration and recordkeeping of the policies. The transaction will have no impact on Lincoln Financial's relationship with, or commitments to, its distribution partners and policyholders. Additionally, Lincoln Financial remains focused on the continued growth of its Life Insurance business, including the sales of individual life insurance and executive benefits products. The agreement is dated September 17, with an effective date of October 1. Closing of the transaction is subject to usual and customary closing conditions, but there are no regulatory approvals required to close the deal. The transaction is structured as a coinsurance treaty for the general account reserves and as a modified coinsurance treaty for the separate account reserves, with counterparty protections including a comfort trust and investment guidelines to meet Lincoln Financial's risk management objectives.
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NMRD | Hot Stocks09:06 EDT Nemaura Medical appoints Professor Osama Hamdy to advisory board - Nemaura Medical announces that Dr. Osama Hamdy, MD, PhD, has joined their advisory board as consultant, and is expected to partake on and advise on Key Opinion leader studies in both the Diabetes field and Metabolic Health field using Nemaura's glucose monitoring technology in the near future. Hamdy is a senior endocrinologist and medical director, Obesity Clinic Program at the Joslin Diabetes Center and an associate professor of medicine at Harvard Medical School.
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ZNGA SNAP | Hot Stocks09:05 EDT Zynga to launch ReVamp game on Snapchat - Zynga (ZNGA) announced that ReVamp, an upcoming multiplayer social deception game, will launch soon in select markets exclusively for Snapchat (SNAP). The vampire-themed game will be the first social deception title on Snapchat, giving Snapchatters their first chance to sink their teeth into this popular genre. ReVamp is a real-time multiplayer imposter game where players aim to reveal who the vampire player is among their group of friends while they renovate the rooms of an old mansion. In the game, human players must complete renovation tasks, such as demolition and building, to improve their chances of survival while identifying and defeating the vampire during the voting phase. Vampire players must avoid suspicion while picking off human players by completing a list of fake tasks throughout the mansion.
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CHS ABG | Hot Stocks09:05 EDT Chico's names Patrick Guido as CFO, effective September 20 - Chico's FAS (CHS) announced that Patrick Guido has been appointed CFO of the company, effective September 20 and will report directly to Molly Langenstein, CEO and President of Chico's FAS. Guido has more than 20 years of finance and operations experience and has held numerous executive leadership roles at premier retail and consumer companies. He most recently served as Senior Vice President and CFO at Asbury Automotive Group (ABG), one of the largest automotive retail and service companies in the U.S. In connection with Guido's appointment, David Oliver, who has served as Interim CFO since February 2020, has been reappointed to his prior role of Senior Vice President Finance - Controller and Chief Accounting Officer.
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HLBZ... | Hot Stocks09:03 EDT Helbiz Media enters deal with Fox Networks to broadcast Serie B championship - Helbiz (HLBZ) announced an agreement between Helbiz Media, the company's new streaming entertainment service and exclusive distributor of the Serie BKT media rights worldwide, and Fox Networks (FOX) to broadcast the Italian Serie B championship across the USA and the Caribbean. This partnership marks Helbiz Media's arrival in North America and is the first time the entire Serie B championship will be available to view in this region. Helbiz Media will provide Fox with exclusive audiovisual rights to broadcast the top Serie B matches and game highlights live on the Fox Sports family of networks. Fox will broadcast three Serie B games per week in HD with English language commentary, and Helbiz Live will feature commentary in Italian for all Italians living in America. The partnership is confirmed for the next three seasons including 2021-2022, 2022-2023 and 2023-2024.
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WYNN | Hot Stocks09:02 EDT WynnBET, Indianapolis Colts announce new multi-year partnership - WynnBET and the Indianapolis Colts announced a new partnership making WynnBET a Proud Sportsbook Partner of the Colts. As part of the agreement, Lucas Oil Stadium's West Club will be re-named the WynnBET Club, featuring a 21-and-over only sports bar environment in the upstairs club level, as well as a WynnBET VIP area. Additionally, WynnBET will add Colts legend Robert Mathis as a new brand ambassador. Mathis, a five-time NFL Pro Bowler, Super Bowl champion and the 2013 AFC Defensive Player of the Year, will participate in WynnBET media partner programming as part of the partnership. He spent his entire 14-year career with the Colts and will also appear at in-person events with WynnBET.
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UAL | Hot Stocks09:01 EDT United Airlines to begin flights between Washington, D.C. and Lagos, Nigeria - United Airlines announced that new service between Washington, D.C. and Lagos, Nigeria will begin November 29, subject to government approval. The airline will operate three weekly flights connecting the U.S. capital to Nigeria's largest city, which is also the top Western African destination for U.S-based travelers. Tickets will be available for sale on united.com and the United app this weekend.
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CLSN | Hot Stocks09:01 EDT Celsion, Hainan Poly Pharm sign agreement for DNA-based vaccine - Celsion Corporation and Hainan Poly Pharm announced an amendment to their existing contract manufacturing agreement to include development work for Celsion's investigational DNA-based COVID-19 vaccine. Under the terms of the amended agreement, Poly Pharm will manufacture clinical batches and, if approved for use, will also manufacture commercial batches for Celsion's vaccine based on its TheraPlas technology. TheraPlas underlies Celsion's GEN-1 product and its PLACCINE vaccine technology platform. Poly Pharm is experienced with chemistry, manufacturing and controls, process development and good manufacturing processes, including process optimization and manufacturing services to help customers advance new drug development projects. Its sites and pharmaceutical compounds have been approved by the U.S. Food and Drug Administration, the European Medicines Agency, China's National Medical Products Administration and the World Health Organization.
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EVRC | Hot Stocks08:58 EDT Evercel issues shareholder letter prior to Annual Meeting - Evercel issued a letter to shareholders, providing an update on the Company's business as it approaches its Annual Meeting. The letter read in part, "It has been an active period at Evercel and we are very excited about our holdings, positioning and path forward. We are writing to provide some business highlights ahead of the Company's Annual Meeting, which will be held on October 7, 2021 at 10:00am ET. Put plainly, we have assembled a great asset base, which we believe is valuable now and will be more so in the future. Since 2012, we have grown $18 million of cash into approximately $80 million worth of assets, after fees. Importantly, we believe there is significant incremental, embedded value in these assets that is yet to be recognized by the market, as demonstrated by the mismatch between the value of Evercel's assets and Evercel's current market capitalization. We are disappointed that to date the Company's stock price has not appreciated consistent with the increase in value of Evercel's underlying investments. The Board will be taking important steps to increase communication with shareholders, as described below. Additionally, we are confident that our application to be listed on the OTCQX market and our recent additions to the Board will help us better harness that value...If you haven't already, you soon will be receiving a proxy statement from the Company regarding the Annual Meeting. In the proxy, we provide background information on our two highly qualified nominees for election to the Board, Patrick McGeehin and Richard Perkins. We believe Mr. McGeehin and Mr. Perkins warrant your support as both have been instrumental on the Board in helping define the Company's path forward, and we are confident that, if reelected, Mr. Perkins and Mr. McGeehin will strengthen leadership's efforts to help Evercel's share price better reflect the Company's true value. As noted above, Mr. McGeehin, who recently joined the Board, has valuable accounting and consulting experience, and he also has been a shareholder in Evercel for over a decade with a meaningful number of shares. Mr. Perkins brings with him decades of management and investing experience that we believe will be additive to Evercel's efforts to drive value creation. You can find additional information about their qualifications in the proxy statement. A proxy card for you to vote your shares in support is also included with the proxy...Finally, we also wanted to let you know that as we approach October 7th, you may be contacted by our proxy firm, Okapi Partners. We encourage you to speak with them, as they can answer any questions you may have and provide accurate information about the nominees, management and the existing Board so you can confidently vote your shares...We believe the past year has been a very productive one for your company, Evercel, and one that has positioned us well for the future. We trust that you are excited about our prospects as we are, and we hope to have your support at the Annual Meeting. We plan to build on the success and continue seeking out compelling opportunities to increase the value and share price of your company."
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NCLH | Hot Stocks08:55 EDT Norwegian's Oceania Cruises sets a new single-day booking record - Oceania Cruises set an all-time single day booking record that surpassed the most recent record by nearly 60%. While the most recent record was for a full season of sailings across six ships, this record was driven by the introduction of one new ship with itineraries for primarily one half of a year. Vista is slated to debut in April 2023, voyages opened for sale on September 15th at 9:00 a.m. eastern and by 10:30 a.m., the number of bookings had surpassed the company's most recent record which was set in March 2021. Oceania Cruises is a Norwegian Cruise Line company.
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SVFD | Hot Stocks08:39 EDT Save Foods establishes presence in Turkey - Save Foods announces it has engaged a local commercial post-harvest expert in Turkey, who is well connected in the local produce market, particularly within the citrus sector, to introduce the Company to local post-harvest operators with ties to the EU produce market.
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GSK | Hot Stocks08:39 EDT GSK receives CHMP positive opinions for Nucala in three additional diseases - GlaxoSmithKline announced that the European Medicines Agency's Committee for Medicinal Products for Human Use, or CHMP, has issued positive opinions recommending Nucala, a monoclonal antibody that targets interleukin-5, for use in three eosinophil-driven diseases; hypereosinophilic syndrome, or HES; eosinophilic granulomatosis with polyangiitis, or EGPA; and chronic rhinosinusitis with nasal polyps, or CRSwNP. "The CHMP opinion is one of the final steps in the marketing authorisation procedure prior to approval decision by the European Commission. The three positive opinions are based on data from pivotal studies investigating the role of targeted IL-5 inhibition with mepolizumab in these eosinophil-driven diseases," the company stated. Mepolizumab is already approved for use in Europe as an add-on treatment for patients with severe eosinophilic asthma.
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MXCT | Hot Stocks08:35 EDT MaxCyte set to join Russell 2000 Index - MaxCyte announced that it is set to join the Russell 3000 and Russell 2000 indices, effective after the U.S. market opens on September 20, 2021, according to a preliminary list of quarterly IPO additions posted earlier this month by FTSE Russell.
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BTCS | Hot Stocks08:35 EDT BTCS adds Avalanche to blockchain infrastructure operations - BTCS announced it has added Avalanche to its blockchain infrastructure operations. At a $14.2 billion market capitalization, AVAX claims to be one of the fastest smart contract platforms offering high transaction throughput.
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CORT | Hot Stocks08:34 EDT Corcept announces results from Phase 2 trial of relacorilant plus nab-paclitaxel - Corcept Therapeutics announced that results from its 178-patient, randomized, controlled, Phase 2 trial of relacorilant plus nab-paclitaxel in patients with recurrent platinum-resistant ovarian cancer were featured in a proffered paper oral presentation at the European Society for Medical Oncology, or ESMO, Congress 2021. William Guyer, PharmD, Corcept's Chief Development Officer said, "The results presented at ESMO today clearly demonstrate the benefit experienced by the women who received relacorilant - delayed disease progression without increased side effect burden. We and our investigators are excited to begin a pivotal Phase 3 trial in the first quarter of next year to confirm these results." Women who entered the trial were randomized 1:1:1 to receive either nab-paclitaxel plus 150 mg of relacorilant given the day before, the day of, and the day after each weekly nab-paclitaxel infusion, nab-paclitaxel plus 100 mg relacorilant given daily, or nab-paclitaxel alone. While women in both relacorilant treatment arms experienced an improvement in progression free survival relative to the Comparator arm, the improvement in the Intermittent arm was statistically significant. Safety and tolerability of relacorilant plus nab-paclitaxel was comparable to nab-paclitaxel monotherapy. Women who received the higher dose of relacorilant intermittently exhibited a statistically significant improvement in median progression free survival, or PFS, compared to those who received nab-paclitaxel alone. The women in the Intermittent arm also experienced a statistically significant improvement in the duration of response relative to those in the Comparator arm. While the overall survival, or OS, data was only 63% mature at the time of the database cut-off, the women in the Intermittent arm exhibited a median OS of 12.9 months versus 10.4 months in the Comparator arm.
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DCPH | Hot Stocks08:32 EDT Deciphera receives CHMP recommendation for Qinlock approval - Deciphera announced that the European Medicines Agency's, or EMA, Committee for Medicinal Products for Human Use, or CHMP, has adopted an opinion recommending the approval of Qinlock for the treatment of adult patients with advanced gastrointestinal stromal tumor who have received prior treatment with three or more kinase inhibitors, including imatinib.
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BTTR | Hot Stocks08:21 EDT Better Choice Company repurchases $1.3M of common stock - Better Choice Company announced that it has repurchased approximately $1.3 million of the Company's common stock at an average price of $3.67 per share in the open market with cash on hand. The Company's Board of Directors had previously authorized a stock repurchase program under which the Company can repurchase up to $2.0 million of the currently outstanding shares of the Company's common stock, until December 31, 2021.
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BTTR | Hot Stocks08:21 EDT Better Choice Company repurchases 1.3M of common stock - Better Choice Company announced that it has repurchased approximately $1.3 million of the Company's common stock at an average price of $3.67 per share in the open market with cash on hand. The Company's Board of Directors had previously authorized a stock repurchase program under which the Company can repurchase up to $2.0 million of the currently outstanding shares of the Company's common stock, until December 31, 2021.
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VIA | Hot Stocks08:18 EDT Via Renewables CEO buys 11K shares of common stock - In a regulatory filing, Via Renewables disclosed that its CEO Keith Maxwell bought 11K shares of common stock on September 14th in transaction size of $110K.
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ZUMZ | Hot Stocks08:17 EDT Zumiez announces $150M share repurchase program - In a regulatory filing last night, Zumiez approved the repurchase of up to an aggregate of $150M of its common stock. The repurchases will be made from time to time on the open market at prevailing market prices. The repurchase program is expected to continue through the FY22 that will end on January 28, 2023, unless the time period is extended or shortened by the board of directors. The repurchase program supersedes and replaces all previously approved and authorized stock repurchase programs.
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KYMR | Hot Stocks08:12 EDT Kymera Therapeutics discloses Chief Scientific Officer departing - In a regulatory filing, Kymera Therapeutics disclosed that Richard Chesworth, its Chief Scientific Officer, will be departing the company effective as of October 22. "Dr. Chesworth's departure was not related to any disagreements with the company on any matter relating to its scientific or other operations, policies, practices or any issues regarding financial disclosures, accounting or legal matters. The company has commenced a search for a new chief scientific officer," Kymera stated.
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CVRX | Hot Stocks08:11 EDT CVRx added to Russell 2000, 3000 Indexes - CVRx announced it will be added as a member of the Russell 2000 and 3000 Indexes, effective after the U.S. market opens on September 20, as part of the Russell's quarterly additions of select initial public offering companies.
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BBI | Hot Stocks08:10 EDT Brickell Biotech to host KOL webinar on DYRK1A - Brickell Biotech announced that it is scheduled to host a key opinion leader webinar on DYRK1A, which is believed to play a key role in autoimmune and inflammatory diseases, on Friday, September 24, 2021 at 10:00 a.m. EDT. The webinar will feature a presentation by KOL Bernard Khor, M.D., Ph.D., Benaroya Research Institute at Virginia Mason, who will discuss the latest findings on the novel target DYRK1A, its role in autoimmune and inflammatory diseases, and the broad therapeutic potential of restoring immune homeostasis by inhibiting DYRK1A. Dr. Khor will be available to answer questions following the formal presentation. Brickell's management team will also provide a brief update on the Company's investigational DYRK1A inhibitor platform. This includes BBI-02, which is a Phase 1-ready, potential first-in-class oral DYRK1A inhibitor with promising preclinical validation and broad potential to treat autoimmune diseases including atopic dermatitis, rheumatoid arthritis, and other debilitating inflammatory conditions.
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AYI | Hot Stocks08:10 EDT Acuity Brands EVP Richard Reece to retire - Acuity Brands announced the upcoming retirement of Richard Reece, Executive Vice President of Acuity Brands and Vice Chairman, Acuity Brands Lighting. Reece will continue in his role until November 30, 2021. Prior to his current role, Reece served as the Company's President from September 2019 to February 2021 and previously as CFO for 14 years. On March 1, 2021, the Company announced that Trevor Palmer succeeded Reece as President of the Acuity Brands lighting and lighting controls business.
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INTU | Hot Stocks08:08 EDT Intuit enters 23-year partnership with LA Clippers for Intuit Dome - The LA Clippers and Intuit announced that they have entered a 23-year strategic partnership. Intuit is the exclusive naming rights partner of the Intuit Dome, the future home of the Clippers, which is scheduled to open in Inglewood, California for the 2024-2025 NBA season. The Clippers, Intuit and community leaders will break ground this morning.
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BGNE | Hot Stocks08:07 EDT BeiGene receives CHMP recommendation for approval of Brukinsa - BeiGene announced the Committee for Medicinal Products for Human Use, or CHMP, of the European Medicines Agency, or EMA, has adopted an opinion recommending approval of Brukinsa for the treatment of adult patients with Waldenstrom's macroglobulinemia who have received at least one prior therapy or first-line treatment for patients unsuitable for chemo-immunotherapy.
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WPRT | Hot Stocks08:06 EDT Westport restates Q2 financial statements due to accounting error - Westport Fuel Systems announced that it has filed amended and restated unaudited condensed consolidated interim financial statements for the three and six months ended June 30, 2021 and related amended and restated management's discussion and analysis. The Amended Statements were required to correct an accounting error which was identified during an internal review of one of the Company's subsidiaries' statutory financial records. All figures are expressed in millions of United States dollars. The Company recently became aware of and corrected a non-routine intercompany inventory sale of $5.7 million in the second quarter of 2021 which was not eliminated from reported consolidated revenue and cost of revenue. There was no impact on gross margin, net income, or the Company's statement of cash flows. The Company's consolidated revenue for the three and six months ended June 30, 2021 was restated to $79.0 million and $155.5 million, respectively. The Company's consolidated cost of revenue for the three and six months ended June 30, 2021 was restated to $63.3 million and $126.7 million, respectively.
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HOOD | Hot Stocks08:06 EDT Cathie Wood's ARK Investment bought 350K shares of Robinhood on Thursday
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HONE | Hot Stocks08:05 EDT HarborOne Bancorp announces share repurchase program - HarborOne Bancorp announced that its board of directors has adopted a share repurchase program. Under the share repurchase program, which has received regulatory approval, the company may repurchase up to 2,668,159 shares of the company's common stock, or approximately 5% of the company's issued and outstanding shares following completion of the share repurchase program announced on April 16. The April 16, share repurchase program was completed on September 8. Any repurchased shares will be held by the company as authorized but unissued shares. The repurchase program may be suspended or terminated at any time without prior notice, and it will expire on September 17, 2022.
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DIS | Hot Stocks08:05 EDT Cathie Wood's ARK Investment bought 51.8K shares of Disney on Thursday
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INMD | Hot Stocks08:04 EDT InMode announces two-for-one split of ordinary shares - InMode announced a two-for-one share split of the company's ordinary shares, with a record date of September 27. The share split will take effect on September 30, and the company's ordinary shares will begin trading on a post-split basis on the Nasdaq Global Select Market on October 1. The share split was approved by the company's board of directors on September 14.
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PRLB | Hot Stocks08:04 EDT Cathie Wood's ARK Investment bought 169K shares of Proto Labs on Thursday
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AVTE | Hot Stocks08:03 EDT Aerovate Therapeutics announces addition to Russell 2000 Index - Aerovate Therapeutics announced it has been added to the Russell 2000 Index, effective after the market's close today, following the recent Russell US Indexes annual reconstitution.
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DNMR | Hot Stocks08:03 EDT Danimer Scientific comments on Muddy Waters short-seller report - Danimer Scientific shared information for investors to "clarify misconceptions" raised in Muddy Waters' recent short-seller report. Danimer CEO Stephen Croskrey said, "This short-seller 'research' is an unfortunate effort to mislead Danimer investors and generate short-term profit by raising doubt and confusion through incorrect and unsupported allegations. Having read the report, it's clear that Muddy Waters doesn't understand our business. As detailed in numerous publicly available materials, Danimer is continuing to strategically enhance its business with both capacity and cost improvements that are expected to help drive top- and bottom-line growth. We are committed to updating investors when we make modifications to our plans and will continue to do so. By applying our formidable intellectual property and technical know-how to build products that solve important environmental packaging problems for global brands, we are continuing to strengthen our business. We are confident in the future of Danimer and will not be distracted from our mission of serving our customers as we collectively seek to reduce the global impacts of plastic waste."
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EGLE | Hot Stocks08:03 EDT Eagle Bulk Shipping takes delivery of M/V Antwerp Eagle - Eagle Bulk Shipping announced that it has taken delivery of its previously announced vessel acquisition, the M/V Antwerp Eagle. The ship, which was acquired this past May, is a 2015-built, high specification scrubber-fitted SDARI-64 Ultramax vessel built at Jiangsu Hantong Ship Heavy Industry. Proforma for the one pending vessel acquisition, the Company's fleet totals 53 ships with an average age of 8.8 years.
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PATH | Hot Stocks08:03 EDT Cathie Wood's ARK Investment bought 384K shares of UiPath on Thursday
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CXW | Hot Stocks08:02 EDT CoreCivic does not expect USMS Contract for Tennessee facility to be renewed - CoreCivic has a direct contract with the U.S. Marshals Service, or USMS, at the 600-bed West Tennessee Detention Facility in Mason, Tennessee that is scheduled to expire on September 30, 2021. The Company recently was provided with a definitive inmate population ramp down plan from the USMS indicating that all inmates will be transferred out of the facility by September 30, 2021. As a result, the Company does not expect the USMS to exercise its renewal option under the existing contract. The Company has been actively marketing the facility to other government agencies, and in August 2021, the Company submitted a formal response to a government agency's request for proposal to utilize the West Tennessee Detention Facility. However, the Company can provide no assurances that it will be successful in entering into a new contract with the government agency. The revenue generated from the USMS at the West Tennessee Detention Facility for the year ended December 31, 2020, and six months ended June 30, 2021, was $18.4M and $10.2M, respectively. For the year ended December 31, 2020, the facility incurred a $1.4M net operating loss, and for the six months ended June 30, 2021, the facility generated net operating income of $0.8M.
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PRCH | Hot Stocks08:02 EDT Porch Group closes $425M convertible senior notes offering - Porch Group has closed its offering of $425 million aggregate principal amount convertible senior notes due 2026, after upsizing the transaction from $350 million to $385 million and including the full exercise of the option to purchase $40 million of additional notes granted by Porch to the initial purchasers. "We appreciate the investment and support of the new note holders, which demonstrates Porch's access to committed long-term capital partners and ability to scale the business," said Matt Ehrlichman, Porch founder, chairman and CEO. "The proceeds raised provides us with the resources to payoff legacy debt, accelerate our M&A strategy, reinvest in our business and ultimately enhance shareholder value. We purchased a capped call in order to mitigate potential dilution to current equity holders, consistent with our positive view of the exciting path ahead."
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IPHA AZN | Hot Stocks07:47 EDT AstraZeneca presents results from COAST Phase 2 trial of monalizumab - Innate Pharma SA IPHA) announced that AstraZeneca (AZN) presented results from the randomized COAST Phase 2 trial during the European Society for Medical Oncology Congress 2021 on September 17, 2021. In particular, the results of the interim analysis showed monalizumab in combination with durvalumab improved progression-free survival and objective response rate compared to durvalumab alone in patients with unresectable, Stage III non-small cell lung cancer who had not progressed after concurrent chemoradiation therapy. Monalizumab, Innate's lead partnered asset, is a potentially first-in-class immune checkpoint inhibitor targeting NKG2A receptors expressed on tumor infiltrating cytotoxic CD8+ T cells and NK cells. Based on these results, AstraZeneca informed Innate that it plans to start a registrational study with monalizumab in combination with durvalumab in patients with unresectable, Stage III non-small cell lung cancer.
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AZN | Hot Stocks07:40 EDT AstraZeneca says Imfinzi combo improves clinical outcomes in COAST Phase 2 study - AstraZeneca says results from the large, randomized COAST Phase 2 trial showed oleclumab, an anti-CD73 monoclonal antibody, or monalizumab, an anti-NKG2A monoclonal antibody, in combination with Imfinzi improved progression-free survival, or PFS, and objective response rate, or ORR, compared to Imfinzi alone in patients with unresectable, Stage III non-small cell lung cancer, or NSCLC, who had not progressed after concurrent chemoradiation therapy. After a median follow-up of 11.5 months, the results of an interim analysis showed Imfinzi in combination with oleclumab reduced the risk of disease progression or death by 56%, and in combination with monalizumab by 35%, when compared to Imfinzi alone in Stage III NSCLC patients following CRT. The 10-month PFS rate was 64.8% for the durvalumab plus oleclumab combination and 72.7% for durvalumab plus monalizumab, versus 39.2% with durvalumab alone. The results, presented during the European Society for Medical Oncology, or ESMO, Congress 2021 today, also showed an increase in the primary endpoint of confirmed ORR for Imfinzi plus oleclumab over Imfinzi alone and for Imfinzi plus monalizumab over Imfinzi alone. Safety was similar across treatment arms with no new safety signals identified for either Imfinzi combination. Incidence of Grade 3 or higher treatment-emergent adverse events were 39.4% with Imfinzi, 40.7% with Imfinzi plus oleclumab, and 27.9% with Imfinzi plus monalizumab.
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TPB | Hot Stocks07:39 EDT Turning Point Brands receives MDO from FDA in response to PMTA - Turning Point Brands was informed by the FDA that the agency has issued a Marketing Denial Order, or MDO, in response to a Premarket Tobacco Product Application, or PMTA, covering certain of the company's vapor products. The company said, "The Company stands behind the high quality of its PMTA, which we believe established that the products' continued marketing would be "appropriate for the protection of public health," the standard established by the Family Smoking Prevention and Tobacco Control Act of 2009. These products are crucial to improving public health by helping adult smokers migrate to less harmful products. TPB will continue to engage with the FDA and other stakeholders as we consider options moving forward, including a formal appeal of the decision and potential legal relief. The PMTA denied by this MDO included an in-depth toxicological review, a clinical study, and studies on patterns and likelihood of use. The data demonstrated that TPB products do not appeal to never users, youth, or former users and that a significant majority of users of TPB products had completely ceased use of combustible cigarettes. The scientific literature on lower-risk nicotine delivery systems shows that these products can significantly improve public health by providing alternatives that are much less harmful than combustible cigarettes. The Company continues to monitor regulatory developments and intends to take appropriate measures to manage and mitigate any risk exposure that may result from these and any future MDOs."
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AZN | Hot Stocks07:36 EDT AstraZeneca presents results from COAST trial at ESMO - Results from the large, randomized COAST Phase II trial showed oleclumab, an anti-CD73 monoclonal antibody, or monalizumab, an anti-NKG2A monoclonal antibody, in combination with Imfinzi improved progression-free survival, or PFS, and objective response rate, or ORR, compared to Imfinzi alone in patients with unresectable, Stage III non-small cell lung cancer, or NSCLC, who had not progressed after concurrent chemoradiation therapy. After a median follow-up of 11.5 months, the results of an interim analysis showed Imfinzi in combination with oleclumab reduced the risk of disease progression or death by 56% and in combination with monalizumab by 35%, when compared to Imfinzi alone in Stage III NSCLC patients following CRT. The 10-month PFS rate was 64.8% for the durvalumab plus oleclumab combination and 72.7% for durvalumab plus monalizumab, versus 39.2% with durvalumab alone. The results, presented during the European Society for Medical Oncology also showed an increase in the primary endpoint of confirmed ORR for Imfinzi plus oleclumab over Imfinzi alone and for Imfinzi plus monalizumab over Imfinzi alone. One in four patients with NSCLC are diagnosed at Stage III, where the majority of tumors are unresectable. Imfinzi after CRT is the global standard of care for patients in this setting, based on the PACIFIC Phase III trial. Safety was similar across treatment arms with no new safety signals identified for either Imfinzi combination. Incidence of Grade 3 or higher treatment-emergent adverse events were 39.4% with Imfinzi, 40.7% with Imfinzi plus oleclumab, and 27.9% with Imfinzi plus monalizumab. The most common Grade 3/4 TEAE was dyspnea. Grade 3/4 pneumonitis was only reported for one patient who received Imfinzi plus monalizumab. Data from a planned analysis of real-world PFS from the PACIFIC-R observational study was also presented during ESMO, showing the first effectiveness data from over a thousand patients with unresectable, Stage III NSCLC who were treated with IMFINZI in the real-world setting as part of AstraZeneca's global PACIFIC Early Access Program. The analysis showed a median rwPFS of 21.7 months in the real-world setting. In comparison, a median PFS of 16.9 months was observed among patients treated with IMFINZI in the randomized, double-blinded, placebo-controlled PACIFIC Phase III trial. These results demonstrate the long-term effectiveness of IMFINZI in this real-world patient population and reinforce the PACIFIC regimen as the established standard of care today following platinum-based CRT. AstraZeneca has several ongoing registrational trials focused on evaluating Imfinzi in earlier stages of lung cancer, including in potentially curative settings. The company is also testing novel combinations with Imfinzi in the Phase II NeoCOAST trial in the neoadjuvant early-stage setting.
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NVS | Hot Stocks07:36 EDT Novartis says real-world study of alpelisib demonstrates clinical benefit - Novartis announced findings from a real-world study evaluating the safety and efficacy of alpelisib for people living with PIK3CA-Related Overgrowth Spectrum, or PROS, who received treatment daily for at least 24 weeks. Results from EPIK-P1 showed alpelisib effectively reduced volume of clinically significant PROS-related lesions and improved signs and symptoms in pediatric and adult patients. Results were presented at the European Society of Medical Oncology, or ESMO, Virtual Congress 2021. In EPIK-P1, alpelisib reduced target lesion volume and improved PROS-related symptoms and manifestations. The primary endpoint analysis conducted at week 24 in patients with complete cases showed 38% of patients achieving a response to treatment which was defined as 20% or greater reduction in the sum of PROS target lesion volume. Nearly three in four patients, or 74%, showed some reduction in target lesion volume, with a mean reduction of 13.7%, and no patients experienced disease progression at time of primary analysis. Additionally, at week 24, investigators reported patient improvements from baseline in pain, fatigue, vascular malformation, limb asymmetry, and disseminated intravascular coagulation across the full study population.
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TCRR | Hot Stocks07:35 EDT TCR2 Therapeutics announces interim results from Phase 1/2 trial of Gavo-cel - TCR2 Therapeutics announced positive interim results from the ongoing Phase 1 portion of the gavo-cel Phase 1/2 clinical trial for mesothelin-expressing solid tumors. As of the June 30, 2021 data cutoff, 17 patients had received a single gavo-cel infusion in the dose escalation portion of the gavo-cel Phase 1 clinical trial. Gavo-cel was administered up to dose level 5. Two dose limiting toxicities were reported: one Grade 3 pneumonitis at DL1 that resolved with supportive measures, which permitted the continuation of dose escalation, and one Grade 5 bronchoalveolar hemorrhage at DL5, which along with the development of severe CRS in all 3 patients treated at this dose level, led the Safety Review Team to declare 5x108/m2 as the MTD. Following identification of the MTD, one patient has received gavo-cel at 3x108/m2 after lymphodepletion using a split dosing approach to refine the RP2D and an additional patient has been treated at DL3. In both cases gavo-cel was well tolerated with only Grade 1 non-hematological toxicities being reported. 15 of the 16 patients evaluable for efficacy experienced regression of their target lesions, ranging in magnitude from 5% to 75%. Six patients achieved partial responses, PRs, by target lesion assessment, four of whom achieved a PR according to RECIST 1.1 criteria, including one who also achieved a complete metabolic response. One patient with cholangiocarcinoma was also considered to have achieved a PR by investigator assessment, for an ORR of 31%. By independent review assessment, the ORR was 25% with a DCR Rate of 81%. The median overall survival for patients with mesothelioma is 11.2 months, whereas the median progression free survival is 5.9 months. "We are very encouraged by the progression free survival and overall survival observed among patients with refractory mesothelioma treated so far with gavo-cel in the Phase 1 trial," said Alfonso Quintas-Cardama, M.D., Chief Medical Officer of TCR2 Therapeutics. "Based on these data and the most recent patient experiencing a very mild safety profile at a cell dose of 3x108/m2, we believe the identification of the RP2D is close at hand. As we approach the Phase 2 expansion phase, our focus will shift to further optimizing outcomes for patients by studying combinations with immune checkpoint inhibitors, allowing gavo-cel re-treatment and evaluating different mesothelin expression thresholds." The primary objectives of the Phase 1 portion of the trial are to define the safety profile of gavo-cel in patients whose tumors overexpress mesothelin and to determine the RP2D. Secondary objectives include ORR and DCR. Exploratory objectives include the assessment of expansion, tumor infiltration, and persistence of gavo-cel.
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WSTG NABL | Hot Stocks07:34 EDT Climb Channel Solution to distribute MSP solutions by N-able - Climb Channel Solutions (WSTG) announced a new agreement with N-able (NABL), a global provider of software that empowers managed services providers to help small and medium enterprises navigate the digital evolution. This partnership with N-able strengthens Climb's leadership in service management solutions by offering simple and sophisticated monitoring, security, and business solutions.
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NFYEF | Hot Stocks07:32 EDT NFI Group says Central Ohio Transit Authority exercises option for 18 buses - NFI Group announced that the Central Ohio Transit Authority has exercised options for 18 Xcelsior compressed natural gas forty-foot, heavy-duty transit buses, converted from NFI subsidiary New Flyer of America;s backlog. The award follows COTA's second option conversion of 28 CNG buses, delivered earlier this year. The options were exercised from a five-year contract originally announced in 2018 for 154 Xcelsior CNG forty-foot transit buses. Both purchases were supported by Federal Transit Administration funds as part of COTA's 2013 commitment to convert its entire fleet to natural gas within 12 years.
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NAVB | Hot Stocks07:31 EDT Navidea appoints Alexander Cappello as chair of the board - Navidea Biopharmaceuticals announced that on September 14, 2021, at a meeting of the Board of Directors of the company that followed the company's 2021 Annual Meeting of Stockholders, S. Kathryn Rouan, Ph.D. retired as Chair of the Board and as a director, and Claudine Bruck, Ph.D. retired as a director, both effective immediately. Following the retirement of Dr. Rouan as Chair, the Board appointed Alexander L. Cappello and John K. Scott, Jr., who were both existing members of the Board, as Chair of the Board and Vice Chair of the Board, respectively.
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APLIF | Hot Stocks07:19 EDT Appili Therapeutics completes patient enrollment in sub-study of PRESECO trial - Appili Therapeutics announced it has completed patient enrollment in the viral shedding sub-study portion of its Phase 3 PRESECO trial evaluating Avigan/Reeqonus as a potential oral antiviral COVID-19 treatment in the United States.
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GLPG | Hot Stocks07:18 EDT Galapagos announces positive CHMP opinion for Jyseleca - Galapagos announced that the European Medicines Agency's Committee for Medicinal Products for Human Use has issued a positive opinion for Jyseleca, a once-daily, oral, JAK1 preferential inhibitor for the treatment of adult patients with moderately to severely active ulcerative colitis who have had an inadequate response with, lost response to, or were intolerant to either conventional therapy or a biologic agent. Following this positive opinion, a final decision from the European Commission is expected later this year. The CHMP positive opinion is based on data from the pivotal Phase 2b/3 SELECTION program, which evaluated filgotinib as an induction and maintenance therapy in adult patients with moderately to severely active UC who have failed conventional therapy or biologics. SELECTION comprised two placebo-controlled induction studies, one in biologic-naive patients and the other in biologic-experienced patients, followed by a 47-week maintenance study for those who responded to filgotinib after 10 weeks. Responders to placebo continued on blinded placebo during the maintenance phase. The CHMP positive opinion will now be reviewed by the European Commission and a decision is expected before year end 2021. This positive opinion follows the previous approval of filgotinib for the treatment of patients with moderate to severe active rheumatoid arthritis. The use of filgotinib for UC is investigational and is not approved anywhere globally.
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MRK | Hot Stocks07:17 EDT Merck announces CHMP recommendation for approval of Keytruda - Merck announced the Committee for Medicinal Products for Human Use, or CHMP, of the European Medicines Agency, or EMA, has recommended approval of Keytruda, Merck's anti-PD-1 therapy, in combination with chemotherapy for the treatment of locally recurrent unresectable or metastatic triple-negative breast cancer, or TNBC, in adults whose tumors express PD-L1 and who have not received prior chemotherapy for metastatic disease. The positive opinion is based on progression-free survival, or PFS, and overall survival, or OS, results from the Phase 3 KEYNOTE-355 trial, which showed that treatment with Keytruda in combination with chemotherapy as compared to chemotherapy alone, significantly improved PFS and OS in these patients. Overall survival data from KEYNOTE-355 will be presented at the European Society for Medical Oncology, or ESMO, Congress on September 19. The CHMP's recommendation will now be reviewed by the European Commission for marketing authorization in the European Union.
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RHHBY | Hot Stocks07:17 EDT Roche announces positive CHMP opinion for Gavreto in NSCLC with RET fusions - Roche announced that the European Medicines Agency's Committee for Medicinal Products for Human Use, or CHMP, has recommended the approval of Gavreto as a monotherapy for the treatment of adult patients with rearranged during transfection, or RET, fusion-positive advanced non-small cell lung cancer, or NSCLC, not previously treated with a RET inhibitor. "This positive CHMP opinion for Gavreto represents another important step towards our goal of providing effective therapeutics that target genomic drivers of disease for as many cancer patients as possible," said Levi Garraway, M.D., Ph.D., Roche's Chief Medical Officer and Head of Global Product Development.
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GRTS BMY | Hot Stocks07:14 EDT Gritstone announces dosing of patient in Phase 2 clinical trial of SLATE - Gritstone bio (GRTS) announced results with its SLATE v1 product and dosing of the first patient in a Phase 2 clinical trial of the optimized SLATE v2 product. SLATE v2 has been engineered, based on human translational immunology data from v1 patients, to drive a more potent immune response to mutant KRAS neoantigens than were observed with SLATE v1. The v1 format of the SLATE immunotherapy was studied in a Phase 1/2 study, in collaboration with Bristol-Myers Squibb (BMY), in 26 patients with metastatic solid tumors, largely focused on non-small cell lung cancer, or NSCLC, microsatellite-stable colorectal cancer, or MSS-CRC, and pancreatic ductal adenocarcinoma, or PDAC. There were no safety signals of note with the most common adverse events being low grade, self-limiting fever and injection site reactions. SLATE v1 demonstrated the greatest activity in 6 NSCLC patients with the KRASmut G12C presented by the HLA protein A*02:01. Among these patients, ctDNA responses were observed in 66% of these patients, correlating with clinical benefit, and a RECIST radiologic response was observed in one 2nd line patient who had progressed after 3 months of 1st line chemo-immunotherapy. One patient who had progressed on prior chemo-immunotherapy after 8 months of treatment is nearing completion of 2 years of therapy with persistent approximately 20% tumor lesion shrinkage. The patient's ctDNA was undetectable throughout the study. "We are excited to dose the first patient with the KRAS-specific version, or V2, of our SLATE immunotherapy," said Andrew Allen, M.D., Ph.D., co-founder, president and chief executive officer of Gritstone. "We are very encouraged by the clinical data generated with v1, and product redesign using translational immunology data has enabled this optimized v2, which we are initially evaluating in more non-small cell lung cancer patients following progression on immunotherapy, as well as patients with microsatellite-stable colorectal cancer. We expect that these treatment settings will enable us to demonstrate the differentiated therapeutic potential of SLATE v2, and we anticipate having initial data by mid-2022. We look forward to presenting the data from SLATE v1 and from our individualized GRANITE program during our investor event in conjunction with ESMO 2021 later this week." The SLATE v2 Phase 2 portion of the study is expected to enroll up to 60 patients with KRAS mutant-driven tumors in total across three cohorts: NSCLC post chemo-immunotherapy, first line MSS-CRC and third-line MSS-CRC. All patients will receive SLATE v2, consisting of a dose of intramuscular adenovirus-based prime with intramuscular self-amplifying mRNA-based boost vaccinations, in combination with PD-1 checkpoint inhibitor Opdivo and subcutaneous anti-CTLA-4 antibody Yervoy.
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RWBYF | Hot Stocks07:10 EDT Red White & Bloom Brands appoints Ryan Costello to board of directors - Red White & Bloom Brands is pleased to announce the appointment of Mr. Ryan Costello to its Board of Directors to become effective upon completion of any regulatory and/ or other requirements, as applicable. Costello is a former U.S. Congressman, and now public policy consultant.
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GRTS | Hot Stocks07:10 EDT Gritstone presents 'positive' clinical data with GRANITE during ESMO - Gritstone bio announced updated results from the Phase 1/2 study evaluating the safety, immunogenicity, and clinical activity of GRANITE individualized neoantigen immunotherapy in advanced solid tumors. The data were presented during a mini-oral presentation by investigator and Associate Professor of Medicine at the University of Chicago, Dan Catenacci, MD, as part of the European Society of Medical Oncology, ESMO, Annual Meeting. In the 26 patients treated in the study with metastatic solid tumors largely focused on MSS-CRC and gastro-esophageal adenocarcinoma, or GEA, GRANITE immunotherapy demonstrated good tolerability, consistent and potent immunogenicity, and objective evidence of efficacy as measured by reduction in ctDNA. In particular, MSS-CRC patients exhibited "cold" tumors at baseline, with low PD-L1 and IFN-g expression and low tumor mutational burden. Based on these data, Gritstone has discussed the registrational path with the U.S. Food & Drug Administration, and is advancing GRANITE into a randomized, controlled, phase 2/3 clinical trial for the maintenance treatment of newly diagnosed metastatic MSS-CRC patients who have completed FOLFOX-bevacizumab induction therapy. Additionally, the company will conduct a separate randomized, controlled phase 2 trial evaluating GRANITE in the adjuvant setting for stage II/III MSS-CRC patients who are ctDNA+ after definitive surgery. The trials are expected to begin in the first half of 2022. The checkpoint inhibitors being used for these studies have not yet been disclosed. "GRANITE is demonstrating a favorable safety and tolerability profile and is consistently inducing high numbers of neoantigen-specific CD8+ T cells" said Andrew Allen, MD, PhD, Gritstone's Co-Founder and CEO. "Most strikingly, even in these advanced patients, there is clear evidence of tumor destruction as measured by reduction in ctDNA, a sensitive biomarker of disease burden. Furthermore, in a disease setting such as MSS-CRC that does not respond to checkpoint blockade therapy, our patients with GRANITE-induced molecular responses appear to be living longer, providing hope where historically there has been very little."
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CNI... | Hot Stocks07:09 EDT CN reaffirms commitment to enhancing competition - The company said, "Despite the recently terminated transaction, CN's bid for Kansas City Southern reaffirmed CN as the premier North American railroad and secured CN an incremental US$700 million in break-up fees. CN will continue to engage with market participants, railroads and shippers to ensure that all regulatory rules are enforced fairly, and customers do not suffer anti-competitive effects arising from a combination between Canadian Pacific and KCS."
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CNI | Hot Stocks07:08 EDT CN announces progress on ESG commitments - The company said, "CN has a high-quality, experienced management team with a proven track record of executing on a forward-looking strategy as part of a sustainable future. CN continues to be the industry leader in fuel and carbon efficiency, with an uncompromising commitment to safety while also enhancing its top tier corporate governance profile. Key progress made on our plan to Deliver Responsibly includes: Setting a science-based target of 43% carbon emission intensity reduction by 2030 based on 2019 levels; Becoming the North American rail industry leader in fuel efficiency, consuming approximately 15% less locomotive fuel per gross ton mile; Introducing an annual advisory vote on CN's climate change action plan; Aligning executive compensation with ESG objectives, including safety and fuel efficiency; Reducing the mandatory retirement age and confirmed term limits for the Board of Directors; Adding two new directors in 2021, along with a March 2021 announcement that our Board Chair will not be seeking re-election when his term expires in 2022; and Setting a target of at least 50% of non-management directors coming from diverse groups, including gender parity, by the end of 2022."
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CNI | Hot Stocks07:07 EDT CN announces value creation plan targeting C$700M of additional operating income - CN announced the details of its strategic and financial value creation plan, "Full Speed Ahead - Redefining Railroading," which will allow CN to continue delivering high-quality service to customers while generating profitable growth and enhanced returns to shareholders. The plan announced today builds upon CN's January 2021 strategic plan to lead on safety, customer value, operational excellence, sustainability and social inclusion, while also delivering industry-leading shareholder returns. CN has outlined a plan that is both ambitious and achievable. The Company's focus will be on redefining railroading, driving profitable growth and making structural improvements for the next generation. CN has conducted an extensive review of all revenue and cost levers and has targeted C$700 million of operating income improvements to drive future growth. To achieve these improvements in 2022, CN intends to use a balanced approach that includes a strategic review of non-rail businesses and an optimization of labor productivity. For 2022 CN expects to grow operating income and earnings per share by approximately 20% and improve its operating ratio to 57%. Additionally, CN is reviewing its capital structure and financial leverage with a view to increasing total shareholder distributions. CN is committed to operational excellence and delivering value for its shareholders by: Resuming share repurchases: CN will recommence share repurchases under the plan previously approved by CN's Board of Directors in January 2021 and expects to complete the remaining C$1.1 billion of share repurchases by the end of January 2022. Increasing shareholder returns: CN is reviewing capital structure and financial leverage with a view to increase total shareholder distributions, including share repurchases in the range of C$5 billion for 2022. Reducing capital expenditures: CN expects to reduce capex to 17% of revenue in 2022 as a result of the current good condition of its network and the Company's continued absolute commitment to safety and customer service. CN expects to maintain capex at 17% of revenue for 2023-24 unless there are significant market shifts. Producing compelling financial returns: CN is committed to driving top-quartile Total Shareholder Return: leading the industry in organic revenue growth driven by CN's intermodal business and showing continuous improvement on its operating margin. Lowering its operating ratio: CN is targeting an operating ratio of 57% for 2022 by: Prioritizing rail operations, including car velocity, train speed and train length, and committing to pursuing strategic alternatives for adjacent non-rail businesses that are not best-in-class; and Rationalizing its cost structure by streamlining management, especially support functions, to improve labor productivity by accelerating speed and quality of decision making. CN believes an operating ratio of 57% is optimal for a world in which customers and regulators are putting a greater emphasis than ever on expanding customer choice, service and reliability.
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DNA SRNG | Hot Stocks07:06 EDT Ginkgo Bioworks to begin trading on NYSE on September 17 - Ginkgo Bioworks (DNA) and Soaring Eagle Acquisition Corp. (SRNG) announced the closing of their previously announced business combination. The combined company is named Ginkgo Bioworks Holdings, and the combined company's shares of Class A common stock and public warrants will begin trading today on the New York Stock Exchange under the ticker symbols "DNA" and "DNA.WS" respectively. The business combination was approved at a special meeting of Soaring Eagle stockholders on September 14.
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CLNN | Hot Stocks07:06 EDT Clene presents Phase 2 REPAIR-PD clinical trial data - Clene along with its subsidiaries "Clene" and its wholly owned subsidiary Clene Nanomedicine announced a poster presentation titled "Homeostatic Improvement of Brain Bioenergetic Metabolism in Parkinson's Disease: Results From A Phase 2 REPAIR-PD Clinical Trial With CNM-Au8" at the International Parkinson and Movement Disorder Society Virtual Congress 2021 which takes place September 17 - 22, 2021. Clene's Phase 2 REPAIR program achieved a statistically significant increase in its primary endpoint, the mean change in brain NAD+/NADH ratio. NAD is an essential molecule responsible for cellular energy production. While the NAD+/NADH ratio declines normally during aging by approximately 0.5% per decade, reduced NAD+/NADH ratios have been reported in multiple neurodegenerative diseases, and the decline in the ratio is implicated in Parkinson's disease. In the REPAIR-PD study, the trend in NAD+/NADH ratio improvement was driven by both increased NAD+ and decreased NADH. End of treatment results were compared to baseline. Exploratory endpoints revealed that taking CNM-Au8 resulted in the normalization of several critical markers of brain energy production capacity including beta-ATP levels and phosphorylation potential. There were no serious adverse events and treatment-emergent adverse events were mild and transient. Rob Etherington, Clene's Chief Executive Officer, added, "In addition to achieving its primary endpoint, the RESCUE-PD study reinforced our lead candidate CNM-Au8's central nervous system target engagement, as well as its ability to significantly rebalance brain metabolites, both of which have implications across most neurodegenerative diseases."
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CRFTF | Hot Stocks07:04 EDT BC Craft appoints Anthony Laud as CFO - BC Craft Supply announced that it has appointed Anthony Laud as its CFO, effective immediately. Mr. Laud will replace Mr. Matt Watters, whom has acted as interim CFO. Currently, Mr. Laud is the principal of AJLaud Financial Consulting Ltd. through which he advises numerous cannabis licensed producers and processers.
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UK | Hot Stocks07:04 EDT Ucommune International announces key contract with Besunyen - Ucommune International announced that Besunyen Holdings Company, an investment company engaged in the manufacture and sale of therapeutic tea products, signed an agreement for space at the company's landmark asset-light project in the Beijing Asia Finance Center. As part of the Agreement, Besunyen will occupy 3,047.6 square meters at the Project for a total of 327 workstations from July 1, 2021, to December 31, 2023. In addition, the company will also furnish its one-stop customized U Design services to Besunyen under the Agreement to provide the company with a tailored interior design, enhance its brand image, accelerate its corporate transformation, and more.
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PHIL | Hot Stocks07:03 EDT PHI Group signs MOU to acquire majority ownership in Baijiu distiller - PHI Group is pleased to announce that it has signed a Memorandum of Understanding to acquire seventy percent ownership in Five Grain Treasure Spirits, a company with over one hundred years of tradition in Jilin Province, China. This is a unique, special situation transaction that is expected to create substantial value for the Company, its shareholders and all stakeholders. According to the MOU, PHI Group will acquire seventy percent ownership in Five-Grain and provide the additional required capital for Five-Grain to fully execute its business plan. The budget for this transaction will be one hundred million U.S. dollars to be paid in three tranches. The Company will complete the due diligence of Five-Grain before signing a Definitive Agreement for the consummation of this transaction, which is scheduled to close by the end of 2021. PHI Group will also set up a subsidiary under the name of "Empire Spirits, Inc." as the special purpose vehicle for this undertaking. Baijiu is a white spirit distilled from sorghum. It is similar to vodka but with a fragrant aroma and taste. It is currently the most consumed spirit in the world. Mainly consumed in China, it is gaining popularity in the rest of the world. Five-Grain specializes in the production and sales of spirits and the development of proprietary spirit production processes. It also possesses a patented technology to grow red sorghum for baiju manufacturing. The patented grain produces superior yield and quality. Five-Grain is a reputable bulk alcohol supplier to some of the largest spirits companies in the world. According to the Five-Grain development plan, once the acquisition is completed, the company will follow a three-prong growth strategy to reach 200,000,000 liters of bulk spirits per year to supply to other beverage companies and develop its own brand using proprietary manufacturing methods and preferred distribution channels. By reaching these goals, Five-Grain expects to annually generate over US$ 600 million in revenues on the success of the Company's growth plan. Kweichow Moutai, the largest alcohol company in the world has recently crossed the $500 billion dollar valuation mark. With a single Baijiu product, they enjoy a 50X expected revenues. Five-Grain will supply bulk spirits to them as well as other major spirits companies.
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VBLT | Hot Stocks07:03 EDT VBL Therapeutics announces independent DSMC provides clearance for OVAL phase 3 - VBL Therapeutics announced that the independent Data Safety Monitoring Committee, or DSMC, of the ongoing OVAL Phase 3 registration-enabling study of VB-111 in ovarian cancer has conducted its fifth pre-planned review and has provided clearance to proceed with further clinical research as planned with no changes to the protocol. The OVAL trial is planned to enroll approximately 400 adult patients globally and more than 320 patients have already been recruited. The trial has two primary endpoints: progression free survival, PFS, and overall survival, OS. Successfully meeting either primary endpoint has the potential to support a biologics license application, or BLA. Meeting the PFS endpoint, with a readout anticipated in the second half of 2022, could accelerate BLA submission by approximately one year, subject to discussions with the U.S. Food and Drug Administration, compared to original projections based on the readout of the OS primary endpoint that remains anticipated in 2023.
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PTGX | Hot Stocks07:02 EDT Protagonist Therapeutics reports FDA clinical hold on rusfertide program - Protagonist Therapeutics announced the receipt of a verbal communication from the U.S. FDA that Protagonist's clinical studies for rusfertide, an investigational product candidate currently in development, have been placed on a clinical hold. The clinical hold follows Protagonist's notification to the FDA of a recent non-clinical finding in a 26-week rasH2 transgenic mouse model study. The rasH2 model is designed to detect signals related to tumorigenicity, and benign and malignant subcutaneous skin tumors were observed in this study. The company is working with the FDA and will be prepared to make all appropriate updates to clinical study documents and determine the next steps in consultation with the FDA. In particular, we will provide additional clinical safety reports, update the investigator brochures and patient informed consent forms, and make necessary modifications to study protocols. Dosing of patients in all ongoing clinical trials with rusfertide will be put on hold, and study investigators have been contacted to facilitate patient notification. "Patient safety is our absolute top priority," said Dinesh Patel, President and CEO of Protagonist. "We are fully committed to working closely with the FDA in understanding and evaluating potential clinical risks and determining next steps for the development of rusfertide."
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BFARF | Hot Stocks07:02 EDT Bitfarms engages LHA for investor relations, advisory services - Bitfarms announces it has retained LHA Investor Relations, a leading IR and strategic advisory firm. LHA will focus on expanding market awareness for Bitfarms and conveying the Company's integrated business model and global growth strategies to the institutional and retail investment communities. LHA plans to build greater investor community awareness through enhanced communications, drive investor and sell-side analyst targeting, organize non-deal roadshows, and provide capital markets advisory services. LHA has been engaged at a rate of $20,000 per month for an initial term of six months. The engagement may be cancelled after ninety days upon thirty days' notice. LHA and its directors, officers and employees are arm's length to Bitfarms and do not have any interest, directly or indirectly, in Bitfarms or its securities, or any right or intent to acquire such an interest. The agreement with LHA is subject to TSX Venture Exchange approval.
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BMY | Hot Stocks07:01 EDT Bristol-Myers receives positive CHMP opinion for Opdivo/fluoropyrimidine combo - Bristol Myers Squibb announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency has recommended approval of Opdivo in combination with fluoropyrimidine and platinum-containing chemotherapy for the first-line treatment of adult patients with HER2-negative advanced or metastatic gastric, gastroesophageal junction, or esophageal adenocarcinoma whose tumors express PD-L1 with a combined positive score greater than or equal to 5. The European Commission, which has the authority to approve medicines for the European Union, will now review the CHMP recommendation.
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TUEM | Hot Stocks06:58 EDT Tuesday Morning CEO buys 227K shares of common stock, CIO buys 100K shares - In a regulatory filing yesterday evening, Tuesday Morning disclosed that its CEO Fred Hand bought 227K shares of common stock and CIO William Baumann bought 100K shares of common stock on September 15th and 14th in transaction sizes of $375K and $171K respectively. Shares of Tuesday Morning are up 3.2% in early pre-market trading at $2.29.
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ANIP | Hot Stocks06:51 EDT ANI Pharmaceuticals announces launch of Nebivolol Tablets - ANI Pharmaceuticals announced the launch of Nebivolol Tablets, 2.5 mg, 5 mg, 10 mg, and 20 mg. ANI's Nebivolol Tablets is the generic version of the reference listed drug Bystolic. The current annual U.S. market for Bystolic 2.5 mg, 5 mg, 10 mg, and 20 mg strengths is approximately $1.05B, according to IQVIA/IMS Health, a leading healthcare data and analytics provider.
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ZCMD | Hot Stocks06:36 EDT Zhongchao launches MDT training platform - Zhongchao announced the launch of its multidisciplinary treatment, or MDT, clinical thinking training platform for hematology. The Hematology MDT Platform provides clinicians with a channel to learn multidisciplinary thinking skills online. MDT is a medical service model in which multidisciplinary specialists discuss cases of a certain disease or a systemic disease and then develop a treatment plan for the patient taking into considerations of opinions from all disciplines.
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RY | Hot Stocks06:34 EDT Royal Bank of Canada names Nadine Ahn as CFO, effective November 1 - Nadine Ahn, Senior Vice-President, Head of Investor Relations and RBC Capital Markets Finance, will become CFO effective November 1, taking over from Rod Bolger who will be leaving RBC after 10 years with the Bank. Bolger will work alongside Ahn as she transitions to CFO. Ahn will report to Mr. McKay and will join the Group Executive Committee. Ahn joined RBC in 1999 and has held progressively senior Finance roles, including in Corporate Treasury and in RBC Capital Markets Finance.
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AMC... | Hot Stocks06:10 EDT AMC CEO: Ticket buyers to be able to pay in Bitcoin, litecoin, ethereum - AMC CEO Adam Aron said Wednesday that the movie theatre operator expects to accept ether, litecoin, and bitcoin cash as payment, in addition to bitcoin, by the end of the year. The executive said via Twitter: "Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin and Bitcoin Cash." Reference Link
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SOL | Hot Stocks06:03 EDT ReneSola JV acquires 200MW of solar projects - ReneSola announced that European Solar Energy Development JV, the joint venture company established between ReneSola Power and Eiffel Investment, completed the acquisition of its first batch of solar projects with a combined capacity of 200MW in multiple European countries, including Spain, France and Poland. Eiffel provided the capital to fund the development of those projects. In May, ReneSola Power and Eiffel created European Solar Energy Development JV, a 51/49 joint venture company with ReneSola Power having a 51% ownership stake and Eiffel a 49%. The joint venture company intends to develop up to 700 MW of solar projects in the next three years across Europe.
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AMZN | Hot Stocks06:01 EDT Amazon.com says over 1M people applied for jobs at Career Day 2021 - Amazon announced that over 1M people applied for a job at Amazon as part of Career Day 2021. The virtual event attracted job seekers from more than 170 countries around the world. In the span of 24 hours, more than 2,000 Amazon recruiters offered 30,000 individual career coaching sessions with participants. The recruiters provided job seekers with professional advice to start, transition, or grow their careers-whether they wanted to work at Amazon or elsewhere.
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NOK | Hot Stocks05:17 EDT Nokia, Indosat Ooredoo launch commercial 5G services in Surabaya City - Nokia and Indosat Ooredoo announced the launch of commercial 5G services in Surabaya City, Indonesia. Under the deal, Indosat Ooredoo's customers will experience new enterprise and industrial use cases underpinned by the new 5G network. Nokia will supply equipment from its latest ReefShark based AirScale product range, including its AirScale Single RAN portfolio for both indoor and outdoor coverage. Nokia will also deploy its dynamic spectrum sharing (DSS) solution, which will allow Indosat Ooredoo to use its 4G networks spectrum for 5G services, decreasing the time it takes to get 5G up and running. Nokia and Indosat Ooredoo, as well as partners, Sepuluh Nopember Institute of Technology and the University of Oulu, will also open the Nokia 5G Experience Centre at ITS' facilities in Surabaya.
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DADA | Hot Stocks05:14 EDT Dada Nexus announces launch of open digital logistics platform - Dada Group announced the launch of its open digital logistics platform, Dada Smart Delivery SaaS System. Based on Dada Now's self-developed Smart Logistics System and Big Data Platform, it provides integrated delivery solutions, including operation platform, merchant application and rider application. More than 100 merchants, that operate proprietary delivery teams or need delivery services, have adopted this system to match their omni-channel orders, manage delivery capacity and dispatch orders.
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FMS | Hot Stocks05:06 EDT Fresenius Medical enters home dialysis distribution deal in Japan with JMS Co. - Fresenius Medical Care announced a strategic distribution partnership with JMS Co, a provider of medical devices and pharmaceuticals, in Japan. Under the agreement, JMS Co. will distribute Fresenius Medical Care's home dialysis therapies in the Japanese market. Under the agreement, JMS Co. will distribute the advanced portfolio of Fresenius Medical Care's home dialysis systems in Japan, including automatic peritoneal dialysis system. These systems, which have FDA and European CE Mark approvals, are used widely in other countries.
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