Stockwinners Market Radar for September 22, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
CRCT | Hot Stocks20:30 EDT Cricut holder Abdiel Capital buys 268.7K shares of common stock - In a regulatory filing, Cricut disclosed that its institutional holder Abdiel Capital bought 268.7K shares of common stock on September 20th in a total transaction size of $8.17M, boosting its stake by about 1%. Shares of Cricut are up 5.7% after-hours.
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AJRD | Hot Stocks19:42 EDT Aerojet Rocketdyne conducts 'solid rocket motor test firing' at Arkansas site - Aerojet Rocketdyne "recently conducted a solid rocket motor test firing that demonstrated the successful transition of large solid rocket motor mix, cast and test operations from Sacramento, California, to its Camden, Arkansas, site. The motor was cast at Camden's Engineering, Manufacturing and Development facility, which was officially opened last October. Aerojet Rocketdyne has been steadily building its capabilities and team at its Camden site, growing its workforce by more than 70% over the past five years. The test firing of the eSR-73 demonstration motor builds upon work performed by Aerojet Rocketdyne for the U.S. Air Force Research Laboratory on the Missile Components Advanced Technologies Demonstration Motor program. The MCAT Demo motor was successfully test-fired last year at the Utah Test and Training Range. Both tests demonstrated state-of-the-art graphite composite cases, affordable advanced nozzles and high-energy, long-life solid propellant. The eSR-73 is a step closer to production readiness and served as a pathfinder for producing and handling large solid rocket motors at Aerojet Rocketdyne's Camden site."
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BVN | Hot Stocks19:38 EDT Buenaventura announces strike at Uchucchacua Mine - Compania de Minas Buenaventura announced that the local community surrounding the Company's Uchucchacua mine initiated a strike at midnight on September 13, 2021. Mine operations have therefore since been suspended as access has been blocked. However, essential work associated with mine maintenance and functionality, including water drainage, water treatment and tailings dams inspection, continue without interruption.
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INGR | Hot Stocks19:22 EDT Ingredion raises quarterly dividend to 65c per share from 64c - The dividend is payable on October 25, 2021, to stockholders of record at the close of business on October 4, 2021.
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AMZN | Hot Stocks18:53 EDT Amazon Web Services to open data centers in New Zealand - Amazon Web Services announced plans to open an infrastructure region in Aotearoa New Zealand in 2024. The new AWS Asia Pacific Region will consist of three Availability Zones and join the existing 81 Availability Zones across 25 geographic AWS Regions at launch. The Region will be owned and operated by a local AWS entity in New Zealand. Globally, AWS has announced plans for 24 more Availability Zones and eight more AWS Regions in Australia, India, Indonesia, Israel, Spain, Switzerland, the United Arab Emirates, and the new AWS Region in New Zealand. "AWS supports thousands of organizations across New Zealand in their drive to innovate, succeed, and grow globally. AWS Cloud technology is providing new ways for government to further engage with citizens, for enterprises to innovate for their next phase of growth, and for entrepreneurs to build businesses and compete on a global scale," said Prasad Kalyanaraman, Vice President of Infrastructure Services, AWS. "Our investments reflect AWS's deep and long-term commitment to New Zealand. We are excited to build new world-class infrastructure locally, train New Zealanders with in-demand digital skills, and continue to help local organizations deliver applications that accelerate digital transformation and fuel economic growth." Amazon said it intends to invest NZ$7.5B in New Zealand over the next 15 years through the new AWS Asia Pacific Region, which includes capital expenditures on the construction of data centers, operational expenses such as ongoing utilities and facility costs, and purchases of goods and services from regional businesses.
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TCRX | Hot Stocks18:52 EDT TScan Therapeutics director buys 5K shares of common stock - In a regulatory filing, TScan Therapeutics disclosed that its Chief Scientific Officer Gavin Macbeath bought 5K shares of common stock on September 20th in a total transaction size of $31K, boosting his stake by 11%.
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AMHC | Hot Stocks18:42 EDT Amplitude Healthcare Acquisition Corp stockholders approve Jasper combination - Amplitude Healthcare Acquisition Corp announced that its stockholders voted to approve the previously announced business combination with Jasper Therapeutics and all other proposals presented at AMHC''s special shareholder's meeting held on September 22, 2021.
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U | Hot Stocks18:24 EDT Unity Software CEO: At our core we are SAS company - In an interview on CNBC's Mad Money, John Riccitiello said Unity provides technology for anything that is real-time 3D. The metaverse is the internet 3.0, he noted. The company has been growing at a 40% rate for the past few quarters he added.
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AXNX MDT | Hot Stocks18:14 EDT Axonics Medtronic provides update on inter partes review proceedings - Axonics (AXNX) announced that the Patent Trial and Appeal Board of the U.S. Patent and Trademark Office has issued final written decisions on three additional Medtronic (MDT) patents that Axonics is contesting. In March 2020, Axonics filed petitions with the PTAB requesting inter partes review to contest the validity of patents Medtronic has alleged to be infringed by Axonics. In September 2020, the PTAB granted Axonics' request and instituted a review of the six Medtronic patents. On September 13, 2021, the PTAB issued its decision with respect to Patent Nos. 7,774,069; 8,626,314, and 8,036,756. Today, the PTAB issued its decision on the three remaining Medtronic patents Axonics is contesting: Patent Nos. 9,821,112 ('112 patent), 8,457,758 ('758 patent); and 8,738,148 ('148 patent). Either party may appeal the IPR decisions to the Director of the Patent & Trademark Office and to the U.S. Court of Appeals for the Federal Circuit. Axonics expects the stay on legal proceedings in the U.S. District Court in the Central District of California to continue until the appeals process is complete. "First and foremost, it is important to understand that the PTAB rulings as to whether the claims in the Medtronic patents are valid or not do not mean that anyone has 'won' anything. When one party suggests that another party is infringing, the other party often asks the PTAB to determine if the claims in the patents are actually valid. This is what Axonics has done and for Medtronic to claim 'victory' is purely posturing. The fact that the PTAB decided to invalidate several claims in Medtronic's '112 patent is a net positive for Axonics. Moreover, we believe the PTAB's narrow construction of the claims in the '758 patent and '148 patent strengthens our non-infringement argument. Axonics remains confident that it does not infringe any Medtronic patents - valid or invalid - and that we will ultimately prevail on the patent claims asserted against us," said Raymond Cohen, CEO of Axonics.
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IMCR | Hot Stocks18:05 EDT Immunocore publishes phase 3 data comparing tebentafusp with investigator choice - The company states: "Immunocore announces that data from a phase 3 randomized trial comparing tebentafusp with investigator's choice in first-line metastatic uveal melanoma has been published in The New England Journal of Medicine. The paper concluded that tebentafusp is the first systemic treatment to show a survival benefit in mUM and should become a new treatment option for this poor prognosis disease. Results from the randomized, open-label, phase 3 trial of tebentafusp vs. investigator's choice in previously untreated HLA-A*02:01-positive patients with mUM demonstrated a statistically significant and clinically meaningful improvement in overall survival as a first-line treatment in mUM. The OS Hazard Ratio in the intent-to-treat population favored tebentafusp, HR=0.51. Treatment-related adverse events were manageable and consistent with the proposed mechanism. Tebentafusp has been granted Breakthrough Therapy Designation, Fast Track designation and orphan drug designation by the FDA and Promising Innovative Medicine designation under the UK Early Access to Medicines Scheme for metastatic uveal melanoma. Immunocore's biologics license application for approval of tebentafusp for the treatment of HLA-A*02:01-positive adult patients with metastatic uveal melanoma was recently accepted by the FDA. In addition, the European Medicine Agency's Committee for Medicinal Products for Human Use accepted Immunocore's Marketing Authorisation Application."
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YUMC | Hot Stocks18:05 EDT Yum China and Lavazza to accelerate expansion of Lavazza cafes in China - Yum China and Luigi Lavazza plan to accelerate the expansion of the store network of Lavazza cafes in China through the existing joint venture, aiming to open 1,000 stores by 2025. Together they will inject $200M initially into the joint venture to fund its future growth. In addition, the joint venture is expected to be Lavazza's exclusive distributor in mainland China to introduce more products from Lavazza's global portfolio. In early 2020, Yum China and Lavazza Group formed a joint venture to explore and develop Lavazza cafe concept in China. The joint venture is owned by Yum China and Lavazza with a stake of 65% and 35%, respectively. The first Lavazza flagship store in Shanghai, the first store outside of Italy, opened its doors to customers in April 2020. Sales to Lavazza members accounted for approximately 50% of total sales for the first half of 2021. The next phase of Lavazza store expansion in China is to increase the density of Lavazza cafe network in higher tier cities with a variety of store formats for a wider range of occasions.
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ABCL | Hot Stocks18:02 EDT AbCellera, Everest Medicines announce multi-target collaboration - AbCellera and Everest Medicines have entered into a multi-year collaboration and license agreement to discover therapeutic antibodies for up to 10 targets selected by Everest. The partnership will help to expand Everest's portfolio of novel medicines across multiple indications, with the initial programs focusing on targets in oncology. The collaboration will leverage AbCellera's technology stack, including sourcing fully humanized antibodies from the Trianni Mouse, sourcing single domain antibodies from camelids, and combining any two antibodies to create native bispecifics using the OrthoMabTM protein engineering platform. Everest will have the rights to develop and commercialize antibodies resulting from the collaboration. AbCellera will receive research payments and is eligible to receive from Everest downstream clinical and commercial milestone payments and royalties on net sales of products.
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AMZN | Hot Stocks17:50 EDT Amazon partners with Billie Eilish over limited-edition Echo Studio - Amazon has teamed up with singer and songwriter Billie Eilish to release a one-of-a-kind, limited-edition Echo Studio, giving fans an immersive way to listen to her sophomore album, Happier Than Ever, on Amazon Music Unlimited. "The new Billie Eilish Limited-Edition Echo Studio is adorned with the album's cover art, with Billie at the forefront against a backdrop of soft beige-hued fabric," the company said. "Echo Studio is perfect for listening to Billie Eilish's latest collection of songs in spatial audio, a multidimensional audio format available to Amazon Music Unlimited subscribers that adds space, clarity, and depth to music, so you hear sound from every direction. The new Billie Eilish Limited-Edition Echo Studio is available for pre-order starting September 22 for $229.99, and will ship to customers in October. Customers will also receive a free six-month subscription to Amazon Music Unlimited with the device." Reference Link
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CVEO | Hot Stocks17:41 EDT Beneficial owner of Civeo Lance Torgerson sells $370K in shares - Beneficial owner of Civeo, Lance Torgerson, disclosed in a filing that he had sold 16,790 shares of company stock at $22.04 per share, between September 20 and September 21, for a total transaction value of $369,973.
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CRM | Hot Stocks17:36 EDT Salesforce Chairman Marc Benioff sells over $5M in company shares - Salesforce Chairman Marc Benioff disclosed in a filing that he had sold 20,000 shares of company stock at $259.60 per share on September 21, for a total transaction value of $5,191,902.
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KBH | Hot Stocks17:28 EDT KB Home sees Q4 average selling price $450,000 - Sees Q4 effective tax rate 16%. Sees sequential community count growth through 2022. Says disruptions to supply chain intensified as quarter progressed. Says pushed many deliveries into Q4 and Q4 deliveries into Q1. Says returns on equity of mid 20% range is sustainable. Says expects to increase community count to 260 by end of FY22. Sees FY22 housing revenue over $7B. Says expects 200 community openings over the next five quarters. Comments taken from Q3 earnings conference call.
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MRM | Hot Stocks17:23 EDT Medirom Healthcare jumps 60% to $11.82 after buying ZACC Kabushiki Kaisha
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EA | Hot Stocks17:21 EDT Electronic Arts CEO sells 10K shares of common stock - In a regulatory filing, Electronic Arts disclosed that its CEO Andrew Wilson sold 10K shares of common stock on September 21st in a total transaction size of $1.28M, reducing his stake by about 5%.
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BB | Hot Stocks17:20 EDT BlackBerry jumps 10% to $10.49 after Q2 results beat estimates
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AVTR | Hot Stocks17:19 EDT Avantor CEO sells 141.3K shares of common stock - In a regulatory filing, Avantor disclosed that its CEO Michael Stubblefield sold 141.3K shares of common stock on September 20th in a total transaction size of $5.99M, reducing his stake by about 10%.
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BB | Hot Stocks17:13 EDT BlackBerry COO Tom Eacobacci to leave company on October 29th - Tom Eacobacci, BlackBerry's President and COO, has decided to pursue other opportunities and will leave the company on October 29th
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BB MCFE | Hot Stocks17:12 EDT BlackBerry names John Giamatteo as President of Cyber Security business unit - BlackBerry (BB) has appointed John Giamatteo as President of the Cyber Security business unit. Giamatteo will join the company on October 4th and report to Executive Chairman and CEO John Chen. He will be responsible for business unit strategy, engineering, and go-to-market. Giamatteo brings to BlackBerry over 30 years of experience with technology companies. Most recently he served as President and Chief Revenue Officer of McAfee (MCFE), where he was responsible for sales, marketing, and customer success
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BB | Hot Stocks17:10 EDT BlackBerry CEO says 'revenue for all businesses beat expectations' in Q2 - "Revenue for all businesses beat expectations this quarter. The Cyber Security business unit delivered robust sequential billings and revenue growth and the IoT business unit performed well in the face of global chip shortage pressures," said John Chen, Executive Chairman & CEO, BlackBerry. "We are already seeing benefits from establishing the two key business units and are delighted to appoint John Giamatteo as President of Cyber Security. Giamatteo, who was previously President and Chief Revenue Officer at McAfee, adds leading industry expertise. In IoT, design activity for our QNX products remains very strong, demonstrating both our industry leadership position and secular trends, such as ECU consolidation. In Cyber Security we received strong third-party validation of the effectiveness of our AI-driven, prevention-first suite of products, illustrating progress made with recent product launches."
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ARTNA | Hot Stocks17:08 EDT Artesian Resources raises quarterly dividend 2.5% to 26.75 per share - Artesian Resources Corporation announced that its Board of Directors has approved a 2.5% increase in the quarterly common stock dividend, for a total increase of 4% this year. This increase will raise the quarterly dividend to 26.75c per share on the company's Class A and Class B Common Stock, lifting the annualized dividend rate to $1.07 per share. "As recently reported, Artesian Wastewater Management Inc., our wholly-owned subsidiary, has entered into an agreement with Middlesex Water Company to acquire its Tidewater Environmental Services, Inc. subsidiary, which provides wastewater service in Delaware. Upon completion of the acquisition, which is anticipated in the fourth quarter, we will double the number of wastewater customers we serve in our fast-growing Sussex County, Delaware service area, adding seven wastewater treatment facilities and approximately 13,000 additional acres of franchised service territory. The acquisition will avoid investments in facilities otherwise required, which will accrue to the benefit of all customers," said David Spacht, President of Artesian Wastewater Management, Inc.
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YUMC | Hot Stocks17:06 EDT Yum China accelerating store network expansion to reach 20,000 store milestone - CEO Joey Wat commented, "Yum China has been demonstrating its resiliency and agility during the pandemic. Our core brands KFC and Pizza Hut responded quickly to the situation and delivered solid results over the past 18 months. As we manage risks in the short term, we see plenty of opportunities to grow quickly. We are accelerating our store network expansion to reach our 20,000 store milestone. We will drive growth from our core brands, as well as emerging brands such as Lavazza, which we aim to grow to 1,000 stores by 2025. We will widen our strategic moat by investing in digitalization and supply chain, our key growth enablers. We are committed to and confident in achieving sustainable long-term growth."
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YUMC | Hot Stocks17:05 EDT Yum China to increase capex to about $5.0B-$6.5B over next five years - As part of its investor day presentation, the company states: "The Company plans to increase capital expenditures to approximately $5 billion to $6.5 billion in the aggregate over the next five years to support organic growth. Most of the capital expenditures will be allocated to accelerate growth in our core brands, remodel stores, scale up our emerging brands and enhance supply chain and digital infrastructure. Over the long term, Yum China sees the potential to achieve high single-digit to double-digit percentage system sales growth, operating profit growth and earnings per share growth, all measured before foreign exchange impact and special items".
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V | Hot Stocks17:05 EDT Visa CHRO Jennifer Grant to step down - Visa announced the promotion of Kelly Mahon Tullier to vice chair, chief people and administrative officer and Julie Rottenberg to executive VP, general counsel. Both appointments are effective as of October 1. In her newly created position, Tullier will assume leadership of Visa's people organization in addition to her current responsibilities as corporate secretary and head of global communications and global corporate services. Rottenberg will oversee Visa's global legal and compliance function, expanding upon her promotion earlier this year. Tullier will assume responsibility from Jennifer Grant, Visa's chief human resources officer, or CHRO, since 2018, who has announced her intention to step down at the end of the year. In her new role, Tullier will take on responsibility for the human resources team which includes global talent acquisition and talent management, total rewards, training and development, people operations and employee relations.
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NTIC | Hot Stocks17:03 EDT Northern Technologies acquires remaining ownership interest in Indian JV - Northern Technologies International Corporation announced that it has acquired the remaining 50% ownership interest in its Indian joint venture, HARITA-NTI LTD., for $6.25M in cash. NTIC funded the purchase price with a combination of cash on hand and borrowings under its revolving line of credit, which was increased in connection with the transaction to $5M. "NTIC's network of joint ventures was carefully built over the last 35 years, in order to efficiently expand our access to international markets and enable us to provide on-site technical service to our global customer base," said G. Patrick Lynch, President and Chief Executive Officer of NTIC. "Many of our multinational customers either have their own operations in India or have suppliers based there, making it one of our strongest international markets. So, naturally, we look forward to further enhancing our presence there."
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TCI | Hot Stocks17:01 EDT Brixton, Shidler offer to acquire Transcontinental Realty for $44.40 per share - Brixton Capital and The Shidler Group, together the TC Acquisition Group, seek to acquire 100% of the outstanding capital stock of Transcontinental Realty Investors for $44.40 per share in cash. For the last two months TC Acquisition Group has attempted to engage in constructive conversations with the TCI's Board of Directors to discuss how the transaction would benefit all the shareholders of TCI. TC Acquisition Group's efforts have been largely ignored or dismissed by TCI's Board without any apparent effort to understand the value behind TC Acquisition Group's proposal or why a transaction with the TC Acquisition Group would be in the best interest of TCI's shareholders, the group said. TC Acquisition Group reached out again September 21, 2021 to TCI's Board to further communicate the terms of its offer and further detail its proposal. TC Acquisition Group is sharing this information publicly to ensure that all of the shareholders are informed and aware of its offer and the potential to realize meaningful value in the near term. TC Acquisition Group hopes to facilitate a productive discussion and ultimately negotiate a mutually agreeable transaction that is in the best interest of all TCI shareholders. TC Acquisition Group is eager to engage on a friendly basis with the board and management of TCI, however TC Acquisition Group is concerned about the lack of substantive response to the prior four private letters it sent to the TCI Board outlining the proposal. TC Acquisition Group believes its proposal would deliver a meaningful premium to TCI's shareholders that also represents an attractive opportunity for shareholders to obtain immediate liquidity at what TC Acquisition Group believes is a full and fair valuation based on its extensive review of TCI's publicly available information. The $44.40 offer price represents a 48% premium to TCI's year-to-date volume-weighted average stock price of $30.00 and a 28% premium to TCI's last closing stock price of $34.77 as of September 20, 2021. TC Acquisition Group has a strong business interest in TCI and believes that the company is a good strategic fit with its extensive real estate operational and development capabilities. TC Acquisition Group has been following the TCI story and is impressed with the fundamentals underlying the assets in the portfolio. However, TC Acquisition Group believes TCI's ongoing liquidity constraints, near-term cash obligations, complex ownership structure and thinly traded public currency have presented meaningful challenges for management to operate the portfolio to its maximum potential.
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TSLA $DOGE | Hot Stocks16:56 EDT Tesla's Musk says it is 'super important' for Dogecoin fees to drop - Tesla founder and CEO Elon Musk said in a tweet that it is "super important" for Dogecoin fees to drop to make things such as buying movie tickets "viable." Reference Link
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CHPT WEX | Hot Stocks16:54 EDT ChargePoint, Wex to expand partnership on EV charging integration - WEX (WEX) and ChargePoint (CHPT) have "announced plans to expand their existing relationship to provide seamless integration of EV charging for mixed fleets that include internal combustion engine vehicles. This expanded global partnership is expected to not only provide customers ready access to the largest public EV charging network for on-route charging needs, but also enable 'depot' and 'at-home' charging along with the means to facilitate employee reimbursement. WEX and ChargePoint intend to offer a robust end-to-end solution to help mixed fleets incorporate on-route, depot and at-home charging solutions including streamlined program enrollment, centralized reporting and billing, real-time data on energy use to support driver reimbursement for commercial electric charging and installation services. The companies expect to offer at-work and fleet depot charging solutions for customers looking to install on-site charging stations at workplace facilities and integrate them into their fleet operations as well as private site charging solutions."
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ML FUSE | Hot Stocks16:51 EDT MoneyLion closes business combination with Fusion Acquisition - MoneyLion (ML) announced that it has closed its previously announced business combination with Fusion Acquisition Corp. (FUSE). The transaction was approved at a special meeting of Fusion's stockholders on September 21. The combined company will be renamed "MoneyLion Inc." and will be led by its existing management team. Its shares of Class A common stock and public warrants are expected to begin trading on September 23 on the New York Stock Exchange under the ticker symbols "ML" and "ML.WS", respectively.
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ARD AMBP | Hot Stocks16:50 EDT Ardagh Group declares special cash dividend of $1.25 per share - Ardagh Group (ARD) has declared a special cash dividend of $1.25 per common share, payable on October 12 to shareholders of record on October 4. Under the terms of the exchange offer, Ardagh Group is offering to exchange 2.5 shares of Ardagh Metal Packaging (AMBP) for each Class A common share of Ardagh Group validly tendered and not withdrawn at the closing of the exchange offer. The special cash dividend is separate from, and in addition to, the regular quarterly cash dividend of 15c per share of Ardagh Group payable on October 1 to shareholders of record on September 17.
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FUL | Hot Stocks16:40 EDT H.B. Fuller up about 4% to $62.61 after Q3 earnings, FY21 guidance raise
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BRBS | Hot Stocks16:32 EDT Blue Ridge Bankshares installs first electric vehicle charging station - Blue Ridge Bankshares has installed its first branch electric vehicle charging station, located in North Chesterfield, Virginia. Drivers can use the charging station to power up their electric vehicles, free of charge, while they do their banking or visit other local businesses. Blue Ridge Bank partnered with ChargePoint, the world's largest electric vehicle charging network, to install the ChargePoint charger. The bank is also participating in ChargePoint's Smart Charging Infrastructure Pilot Program, which supports electric vehicle adoption in Virginia.
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WLTW | Hot Stocks16:31 EDT Willis Towers Watson raises share buyback program by $4B - Willis Towers Watson announced that its Board of Directors approved an increase to the existing share repurchase authority in the amount of $4B. The $4B increase is in addition to the $500M remaining on the current open-ended repurchase authority. The company is authorized to repurchase shares, by way of redemption or otherwise, and will consider whether to do so from time to time, based on many factors, including market and economic conditions, applicable legal requirements and other business considerations.
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FB | Hot Stocks16:30 EDT Facebook CTO Schroepfer to step down, Andrew Bosworth named next CTO - Facebook chief technology officer Mike Schroepfer said in a Facebook post: "After 13 amazing years at Facebook, I have made the decision to step down as Chief Technology Officer and transition to a new part time role as Facebook's first Senior Fellow at the company sometime in 2022. This is a difficult decision because of how much I love Facebook and how excited I am about the future we are building together. This change in role will allow me to dedicate more time to my family and my personal philanthropic efforts while staying deeply connected to the company working on key initiatives including recruiting and developing technical talent and continuing to foster our AI investments in critical technologies like PyTorch. I'm excited that Andrew Bosworth (Boz) will be transitioning into the role of CTO in 2022. Boz created Facebook's AR/VR organization, which was renamed Facebook Reality Labs (FRL) in 2020, where he drives all of Facebook's efforts in augmented reality, virtual reality and consumer hardware across Oculus, Portal, and Facebook Reality Labs Research. These contributions are foundational components of our broader efforts to help build the metaverse. I'm confident and grateful for Boz's leadership and the deep and talented technical bench of leaders we have at the helm. I am extraordinarily proud of what the team has achieved from unleashing the benefits of AI to bringing VR to life and connecting more people around the world through technology. I am honored to be able to continue to support Facebook's exciting future in my role as Senior Fellow." Reference Link
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EAR | Hot Stocks16:29 EDT Eargo sinks 39% to $13.30 after disclosing DOJ criminal investigation
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EAR | Hot Stocks16:28 EDT Eargo target of DOJ criminal investigation, withdraws 2021 guidance - Eargo was informed it is the target of a criminal investigation by the U.S. Department of Justice related to insurance reimbursement claims the company has submitted on behalf of its customers covered by federal employee health plans. Eargo said it is cooperating with the investigation. In addition, the company "intends to work with the government with the objective of validating the process to support any future claims that the company may submit for reimbursement." As previously disclosed, Eargo has been the subject of an ongoing claims audit by an insurance company that is the company's largest third-party payor. The company has been informed by the insurance company that the DOJ is now the principal contact related to the subject matter of the audit. In light of this information, Eargo is withdrawing its financial guidance for the fiscal year ending December 31, 2021.
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VIAO | Hot Stocks16:22 EDT VIA Optronics says production facility in Germany ramping up mass production - VIA Optronics announced that its production facility in Germany is successfully ramping up mass production. The facility has the capacity to produce approximately 10,000 units of large high-end 3D shaped cold-form car dashboard assemblies per month and can include cluster and/or interactive center information displays. The new facility adds 1,500 square meters to VIA's existing manufacturing facilities, with significant potential for further expansion. The new facility is already fully dedicated to production for a high-end US electric vehicle manufacturer and brings the total production volume in Nuremberg up to 60,000 units per month, depending on the product and customer mix.
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RZLT | Hot Stocks16:22 EDT Rezolute presents results from natural history study of congenital HI patients - Rezolute presented results from a natural history study designed to quantify the extent of hypoglycemia in congenital hyperinsulinism HI patients on standard of care therapies. The results were presented at the European Society for Paediatric Endocrinology 2021, held virtually September 22-26. The two-week observational study was conducted in 22 patients ages two years old and older with HI of various genetic causes, 15 of whom were on at least one standard of care therapy, including diazoxide and octreotide . The remaining patients were managed by other means . Glucose control was evaluated by continuous glucose monitors for at least two weeks. The mean time in hypoglycemia as measured by CGM for all participants was 1165 and 1101 minutes in weeks 1 and 2, respectively. This included 115 and 91 minutes of severe hypoglycemia . The two-week observational study was conducted in 22 patients ages two years old and older with HI of various genetic causes, 15 of whom were on at least one standard of care therapy, including diazoxide and octreotide . The remaining patients were managed by other means (tube feeds and/or diet). Glucose control was evaluated by continuous glucose monitors for at least two weeks. The mean time in hypoglycemia as measured by CGM for all participants was 1165 and 1101 minutes in weeks 1 and 2, respectively. This included 115 and 91 minutes of severe hypoglycemia . "Cumulative hypoglycemia places patients with congenital HI at risk for adverse clinical outcomes, including developmental delays and permanent neurologic damage," said Davelyn Hood, M.D., Director, Scientific and Patient Affairs at Rezolute. "This natural history study highlighted the extended periods of hypoglycemia regularly experienced by vulnerable pediatric and adult congenital HI patients on currently available therapies, at levels more than three times the magnitude than is recommended for the management of hypoglycemia in diabetes. These results further validate the urgent need to develop innovative new treatments for congenital HI to more effectively treat hypoglycemia and minimize time outside of the recommended blood glucose range, and also highlight the potential role of continuous glucose monitoring to assess glycemic status and responsiveness to therapies." Rezolute is currently enrolling patients into the second cohort of the Phase 2b RIZE study of RZ358, the Company's monoclonal antibody for the treatment of HI, with topline data expected in Q1 of 2022.
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CHDN | Hot Stocks16:15 EDT Churchill Downs proposes development of Queen of Terre Haute Casino in Indiana - Churchill Downs announced that the Company has submitted a proposal to develop the Queen of Terre Haute Casino Resort , a destination gaming facility in Vigo County, Indiana. CDI has also filed an application to the Indiana Gaming Commission, IGC, seeking Indiana's open casino license for Vigo County.The Queen of Terre Haute will feature up to 1,000 slot machines, 50 table games, a 125-room luxury hotel, a state-of-the-art TwinSpires sportsbook and several food & beverage offerings. From its name to concepts and design features across the facility, the Queen of Terre Haute will reflect the unique heritage of Vigo County and the surrounding region.
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VTNR RDS.A | Hot Stocks16:10 EDT Vertex provides update on proposed acquisition of the mobile refinery - Vertex Energy (VTNR) provided an update on the proposed acquisition of the Mobile refinery located in Mobile, Alabama from Equilon Enterprises a Shell Oil Products US, Shell Oil Company and Shell Chemical subsidiaries of Royal Dutch Shell (RDS.A). The planned transition of commercial operations from Shell to Vertex remains on-schedule. The transaction is currently expected to close during the first quarter 2022, subject to regulatory clearance, financing, and various closing conditions.
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ICLR | Hot Stocks16:08 EDT Icon awarded EUR4M R&D support contract in Ireland - The Tanaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar TD announced htat ICON plc has been awarded EUR4M in R&D support administered by Enterprise Ireland to further enhance its data solutions and decentralised clinical trial technology. The COVID-19 pandemic has accelerated the clinical research industry's move to hybrid and decentralised trials, requiring researchers and regulatory bodies to adapt to the ways participants live their connected and mobile lives. As the most advanced healthcare intelligence and clinical research organisation in the industry, ICON will utilise the funding to further invest in the build-out of its world-class technology and data solutions architecture. The support will promote broad clinical research participation while also delivering real-time access to data, higher levels of security, and improved timelines and reduced costs for customers.
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FUL | Hot Stocks16:07 EDT H.B. Fuller reports Q3 adjusted EBITDA up 5% to $111M - Q3 organic revenue was up 13% when compared with the non-COVID-impacted Q3 of 2019.
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MRM | Hot Stocks16:07 EDT Medirom Healthcare to acquire ZACC Kabushiki Kaisha for 370M Japanese yen - Medirom Healthcare announced that it has entered into a share transfer agreement with all of the existing shareholders of ZACC Kabushiki Kaisha , a Japanese hair salon operator of "ZACC" brand, pursuant to which it will acquire 100% of the shares of ZACC through a two-stage acquisition for total consideration of 370,000,000 Japanese yen . ZACC owns and operates three luxury hair salon brands, ZACC vie, ZACC raffine, and Zacc ginza, all of which has been recognized by customers for over 30 years for their high level of techniques and hospitality. "We continue to pursue the growth of our business by acquiring assets that expand our presence throughout Japan. We aim to combine mutual services such as high-end beauty services and relaxation services by leveraging the high brand power of ZACC and the Company and to support opening of new ZACC brand salons by sharing the Company's expertise in franchising, employee independence programs, etc." commented MEDIROM Founder and CEO Kouji Eguchi. The first stage of the acquisition is scheduled to close on October 1, , when the shareholders of ZACC will transfer 60% of the common shares of ZACC to the Company. The second stage, at which point the remaining shares of ZACC will be transferred to the Company, is scheduled to close on January 1. The purchase price will be paid by cash on hand, and an initial payment of 69,013,698 was made on August 31, 2021. Payments of 152,986,302 and 148,000,000 will be made on October 1 and January 1 , respectively.
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PCOR | Hot Stocks16:06 EDT Procore to acquire Levelset for roughly $500M - Procore Technologies has signed a definitive agreement to acquire Levelset. This acquisition will add lien rights management to the Procore platform, enabling Procore to manage complex compliance workflows and improve the payment process in construction. It also presents future growth opportunities for Procore, including capitalizing on the companies' complementary data assets. Procore Founder and CEO Tooey Courtemanche said, "Construction work is hard enough - getting paid shouldn't be. Levelset helps the construction industry get paid faster, and their offering will be a perfect addition to the Procore platform. This acquisition will also give Procore access to industry data, including payments and compliance activity, allowing us to deliver valuable risk intelligence to our customers, and to develop innovative financial products." Procore has agreed to acquire Levelset for a purchase price of approximately $500M, which will consist of approximately $425M in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness, and approximately $75M in Procore common stock. The closing of the transaction is anticipated to occur in the fourth quarter of this year and is subject to customary closing conditions.
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COLB BOCH | Hot Stocks16:05 EDT Columbia Banking, Bank of Commerce Holdings announce approvals for merger - Columbia Banking (COLB) and Bank of Commerce Holdings (BOCH) announced approval by Bank of Commerce shareholders for their proposed merger, and the receipt of all required regulatory approvals. The merger was announced on June 23 and the transaction is expected to be completed on or about October 1. Ninety-eight percent of the Bank of Commerce Holdings common shares voting at Bank of Commerce's special meeting voted in favor of the merger, representing more than 63% of all outstanding Bank of Commerce Holdings common shares.
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FEYE | Hot Stocks16:02 EDT FireEye to change its corporate name to Mandiant as of October 4th - FireEye announced that it plans to change its corporate name on Monday, October 4, 2021, and relaunch as Mandiant, Inc. at its annual Cyber Defense Summit 2021. In connection therewith, the Nasdaq ticker symbol for the company's common stock will change to MNDT at the opening of trading on Tuesday, October 5, 2021. The plan to change the corporate name and stock ticker symbol follows the announcement on June 2, 2021 that the company entered into a definitive agreement to sell the FireEye Products business, including the FireEye name, to a consortium led by Symphony Technology Group.
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SPIR | Hot Stocks15:47 EDT Spire Global jumps 19% after teaming with IoT satellite company Myriota - Spire Global is up 19% or approximately $3.00 per share to $18.25 per share on Wednesdays afternoon, after announcing a partnership with Myriota "a provider of secure, low-cost, and long battery life satellite connectivity for the Internet of Things," the company said earlier. The partnership will leverage Spire Space Services to accelerate Myriota's global service deployment timeline, expanding the Myriota Network using Spire low-earth orbit nanosatellites.
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MDT | Hot Stocks15:31 EDT Medtronic says PTAB rejects more Axonics challenges - Medtronics announced that the Patent Trial and Appeal Board of the U.S. Patent and Trademark Office has affirmed an additional three patents in a dispute with Axonics over intellectual property for its sacral neuromodulation device family, the InterStim systems. Today's decisions complete the review process initiated by Axonics to challenge the validity of the seven total patents involved in the IP infringement case brought by Medtronic. Cumulatively, the PTAB has now affirmed claims in all seven of the Medtronic patents. The PTAB's latest decisions today affirmed all claims at issue in Medtronic's U.S. Patent Nos. 8,457,758 ('758) and 8,738,148 ('148); and affirmed claims 1-7, 16-18 and 22 of Medtronic's U.S. Patent No. 9,821,112 ('112), while invalidating claims 9-13 and 20. These patents relate to recharging technology. Medtronic is weighing its legal options with regard to the handful of invalidated patent claims in the '112 patent. The '758 patent and the '148 patent expire in April 2025, the '112 patent expires in April 2024. Now that the IPR is complete - including the PTAB's decision in September 2020 to reject without hearing the challenge to Medtronic U.S. patent No. 9,463,324 ('324) - Medtronic will request that the U.S. District Court in the Central District of California lift the stay on the IP infringement case and resume proceedings. The decision on the '324 patent is final and not appealable. The '324 patent expires in April 2024. All Medtronic patents affirmed by the PTAB have been in force for every sale Axonics has made to-date. "Medtronic appreciates the Patent Trial and Appeal Board's efforts in this matter," said Brett Wall, executive vice president and president of the Neuroscience Portfolio at Medtronic. "We are pleased with the outcome of the review process and look forward to our day in court to protect the proprietary technology that brings SNM therapy to patients around the world."
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OKE | Hot Stocks15:16 EDT Oneok announces 30% GHG emissions reduction target by 2030 - Oneok announced a companywide greenhouse gas emission reduction target. The company expects to achieve an absolute 30% reduction, or 2.2M metric tons, of its combined Scope 1 and Scope 2 emissions by 2030, compared with 2019 base-year levels.
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WFC | Hot Stocks15:08 EDT Powell says will take 'appropriate' action if Wells Fargo fails to fix problems - Jerome Powell said the asset cap on Wells Fargo won't be removed until the bank's issues have been resolved, but added that he cannot speak about confidential supervisory assessments related to it and other individual banks. Fed Chair Powell continues to hold a post-FOMC press conference.
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GOOG GOOGL | Hot Stocks14:44 EDT Google enhances ad disclosures with new advertiser pages - Product Manager, Ads Privacy and Safety for Google, Mojdeh Tomsich, said in part on Wednesday: "Today people engage with a wider variety of ad formats on more Google products than ever before - from Video ads on YouTube to Shopping ads across Search, Display and more. And they increasingly want to know more about the ads they see. That's why we've been innovating on features like "About this ad" to help users understand why an ad was shown, and to mute ads or advertisers they aren't interested in... On Wednesday Google announced a new feature, advertiser pages. "To give users of our products even more transparency, we are enhancing ad disclosures with new advertiser pages. Users can access these disclosures in our new "About this ad" menu to see the ads a specific verified advertiser has run over the past 30 days. For example, imagine you're seeing an ad for a coat you're interested in, but you don't recognize the brand. With advertiser pages, you can learn more about that advertiser before visiting their site or making a purchase," continued Google's Tomsich. Reference Link
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HOOD | Hot Stocks13:59 EDT Robinhood spikes over 5% after announcing crypto wallets are coming to the app - Shares of Robinhood are up $2.16 per share or 5.12% to $44.45 per share in afternoon trading on Wednesday after that crypto wallets are coming to the app.
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COIN... | Hot Stocks13:38 EDT Robinhood says crypto wallets are on the way - Earlier today, Robinhood announced crypto wallets are coming to the app. The company said in part: "When wallets? We have news! We're excited to share that starting next month, the first customers will begin testing crypto wallets on Robinhood. We'll share their experience and feedback on our blog and twitter regularly so you can follow along and get an under the hood look into what we're building. After that, we will continue to roll out access to more and more customers through our waitlist. ...Robinhood crypto wallets will allow you to move your crypto in and out of your app in a few taps: send your crypto to other wallet addresses and receive supported cryptocurrencies into your Robinhood account. This means you can consolidate your coins into one account so it's easier to track your portfolio, move supported coins into your Robinhood account so you can trade those coins commission-free, and more...The best part? We're making crypto transfers safe, secure, and simple--whether you're a long-time crypto trader, or one of the millions of people transacting on-chain for the first time. At Robinhood, we're designing wallets to be intuitive, with security features such as identity verification, multi-factor authentication, and email and phone verification to keep coins safe from hacks and other threats." Reference Link
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RAIL... | Hot Stocks13:14 EDT North American rail traffic dropped 2.8% in week ended September 18 - The Association of American Railroads, AAR reported U.S. rail traffic for the week ending September 18. For this week, total U.S. weekly rail traffic was 505,622 carloads and intermodal units, down 3.1% compared with the same week last year. Total carloads for the week ending September 18 were 234,790 carloads, up 3.5% compared with the same week in 2020, while U.S. weekly intermodal volume was 270,832 containers and trailers, down 8.3% compared to 2020. North American rail volume for the week ending September 18 on 12 reporting U.S., Canadian and Mexican railroads totaled 331,319 carloads, up 1.3% compared with the same week last year, and 359,788 intermodal units, down 6.2% compared with last year. Total combined weekly rail traffic in North America was 691,107 carloads and intermodal units, down 2.8% North American rail volume for the first 37 weeks of 2021 was 25,631,842 carloads and intermodal units, up 8.5% compared with 2020. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), Trinity Industries (TRN) Greenbrier (GBX) and FreightCar America (RAIL). Reference Link
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FB | Hot Stocks13:05 EDT Facebook says it is underreporting iOS advertising results - Facebook (FB) said in a blog post that it is underreporting the results of its advertising business on iOS (AAPL) devices. "We've heard from many of you that the impact on your advertising investment has been greater than you expected," VP of Product Marketing Graham Mudd said in a post directed at business partners. "The cost of achieving your business outcome may have increased and it's also gotten harder to measure your campaigns on our platform. In some cases, this is due to underreporting on our part. Our estimate is that in aggregate we are underreporting iOS web conversions by approximately 15%; however there is a broad range for individual advertisers. We believe that real world conversions, like sales and app installs, are higher than what is being reported for many advertisers. We are committed to helping you better measure these outcomes and improve your performance." Facebook said that actions it is taking to address performance issues include improving conversion modeling, accelerating investments, tracking web conversions, enhancing measurement, and adapting quickly after discovering bugs. Reference Link
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FB | Hot Stocks13:03 EDT Facebook completes six-month privacy assessment ordered by FTC - Facebook provided an initial six-month assessment of the progress it has made so far under a 20-year order levied by the FTC over oversight and accountability to Facebook's privacy program. "The report recognizes the high level of access and cooperation that we provided throughout the assessment process," Facebook said. "It also calls out our extensive investments in privacy compliance and notes that the scope of our privacy program and the structure we've used to organize it are comprehensive. As a result, the key foundational elements necessary for an effective program are now in place even if some are still developing." As required by the FTC Order, the report also identifies key areas where Facebook can improve its program. These include: Enhancing the Privacy organization's oversight role so it increases its effectiveness as an independent and standard-setting compliance function; Continuing to develop a compliance mindset focused on evaluating risks and controls while evolving existing processes and prioritizing compliance documentation and consistency, and; Bolstering privacy safeguards and controls using technology that builds on the company's core strengths in automation and analytics. "We agree with these focus areas and identified many of the same ones ourselves for further investment," Facebook added. "The report's recommendations are consistent with what one would expect to see for a rapidly evolving, early stage program of this level of complexity." Reference Link
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MSFT | Hot Stocks13:02 EDT Microsoft unveils Surface Laptop Studio, Surface Pro 8 and Surface Duo 2 - Microsoft's Pete Kyriacou, VP, Microsoft Devices, stated in a blog post: "Today, on the threshold of Windows 11, we are revealing the largest update to the Surface portfolio in its history. With PixelSense displays, new pen technology, premium mics and cameras, powerful silicon and versatile form factors, the new Surface devices are designed to take Windows innovation to the next level... Designed in concert with Windows 11, Surface Laptop Studio is the most powerful Surface we've ever built. It is the culmination of years of Surface innovation - on hinges, display, silicon and more - and brings the best of the Surface heritage together in one powerhouse device... Surface Laptop Studio starts at $1599.99 and is available for pre-order today in select markets... Surface Pro 8 is more than twice as fast as Pro 7, with 11th Gen Intel Core processors, two Thunderbolt 4 ports and built on the Intel Evo platform. All of these performance gains, Windows 11 and up to 16 hours of battery life2 make Surface Pro 8 the most powerful 2-in-1 on the market... Surface Pro 8 starts at $1099.99 and is available for pre-order in select markets today... Surface Slim Pen 2 is available for $129.99 and ready to pre-order today in select markets... A year ago, we announced the thin, light, and LTE-connected Surface Pro X, running on our Microsoft SQ2 ARM silicon... Our new Wi-Fi-only model means we're bringing the thin, sleek design with all-day battery life2 to its most affordable entry price point yet, providing versatility and optionality to even more customers... Surface Pro X starts at $899.99 and is available for pre-order today in select markets... Designed to light up the best of Windows 11, Surface Go 3 is 60% faster with an Intel Core i3 processor. This product brings optional LTE Advanced, all-day battery, built-in Microsoft security, and is optimized for tablet-to-laptop versatility with digital Pen and touch... Surface Go 3 with WiFi starts at $399.99 and is available for pre-order today in select markets. LTE models will be available in the coming months... When Surface Duo launched last year, we pushed the boundaries of what a mobile device could be. With Surface Duo 2, we're pushing that vision even further while offering the core capabilities people expect from a modern premium smartphone... Available in Glacier or a new Obsidian, Surface Duo 2 starts at $1499.99 and is available for pre-order today in select markets. Reference Link
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TM | Hot Stocks12:41 EDT Toyota announces recall of about 8,400 2022 Prius, Prius Prime vehicles in U.S. - Toyota is conducting a safety recall involving certain 2022 Prius and Prius Prime vehicles in the United States. Approximately 8,400 vehicles are involved in this recall. In the involved vehicles, a software error can cause a control computer to erroneously determine that it does not have the correct information about the transmission position if the position changes during a short window of time when the computer is checking this information. For all involved vehicles, Toyota dealers will update the hybrid vehicle ECU software to correct the programming in the hybrid vehicle ECU's shift monitoring logic. Owners of vehicles will be notified by November 21, 2021. Reference Link
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EBAY | Hot Stocks12:40 EDT eBay says managed payments now live in all global markets - Alyssa Cutright, VP of Global Payments at eBay, stated in a blog post: "This month marks a significant milestone in our three-year journey to manage the end-to-end payments process on eBay, and to facilitate a more streamlined experience overall. eBay is now managing payments in all markets, with the majority of sellers enabled for the new experience as they run their online business. Our journey is progressing faster than expected. At the end of Q2 2021, we had more than 13 million sellers on managed payments and we exited the quarter processing over 80% of on-platform Gross Merchandise Volume, or GMV. Looking ahead to the third quarter of this year, we are on track to process over 90% of on-platform volume. To put that into perspective: Just one year ago, approximately 340,000 sellers were on managed payments, representing approximately 20% of on-platform volume... Now that eBay is managing payments, we can build even better customer experiences as we continue on our path of being a modern managed marketplace. We know flexibility, speed and control are important to our sellers. We will continue to listen to their feedback, enable new features and enhance capabilities to meet their evolving needs. As we reimagine eBay with technology and customers at the forefront, we're excited by this momentum and about the tremendous opportunities it presents for us and for our community in accelerating managed payments into 2022." Reference Link
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INCY | Hot Stocks12:39 EDT Incyte says FDA approves Jakafi for treatment of chronic GVHD - Incyte announced that the U.S. Food and Drug Administration has approved Jakafi for treatment of chronic graft-versus-host disease after failure of one or two lines of systemic therapy in adult and pediatric patients 12 years and older. "GVHD is the leading cause of morbidity and mortality in patients following an allogeneic stem cell transplant, yet there historically have been limited treatment options available beyond first-line systemic therapies," stated Steven Stein, M.D., Chief Medical Officer, Incyte. "Incyte is proud to have contributed to the overall scientific understanding of GVHD through our REACH program, which has led to important treatment advances on behalf of patients and the medical community, including today's approval of Jakafi for certain people who develop chronic GVHD." The FDA approval was based on the REACH3 study, a Phase 3, randomized, open-label, multicenter study of Jakafi in comparison to best available therapy for treatment of steroid-refractory chronic GVHD after allogeneic stem cell transplantation. The primary endpoint of overall response rate at Week 24 was 49.7% for Jakafi compared to 25.6% for BAT.
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AMC $DOGE | Hot Stocks12:28 EDT AMC Entertainment CEO says need to figure out how to accept Dogecoin - AMC Entertainment CEO Adam said via Twitter: "SO FASCINATING! Dogecoin Poll was by far my highest ever read tweet. In 24 hours, 4.2 million views, my most ever retweets, most ever replies. 140,000 votes 77% yes 23% no. It's clear that you think AMC should accept Dogecoin. Now we need to figure out how to do that. Stay tuned!"
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AAPL... | Hot Stocks12:25 EDT Epic CEO says 'Fortnite' to be blacklisted from Apple ecosystem - Epic Games CEO Tim Sweeney said via Twitter: "Late last night, Apple (AAPL) informed Epic that Fortnite will be blacklisted from the Apple ecosystem until the exhaustion of all court appeals, which could be as long as a 5-year process." Investors in Epic include Tencent (TCEHY), KKR (KKR), Disney (DIS), and Sony (SONY). Reference Link
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TACO | Hot Stocks12:04 EDT Del Taco announces multi-unit deal with Feel Good Brands - Del Taco Restaurants announces its newest multi-unit deal with franchise group, Feel Good Brands, with three planned new locations on the Las Vegas Strip and vicinity. With development areas open across the U.S., Del Taco is continuing to seek multi-unit operators who are looking for the opportunity to claim a territory and grow alongside the company.
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RBOT | Hot Stocks12:01 EDT Vicarious Surgical falls -7.6% - Vicarious Surgical is down -7.6%, or -$1.11 to $13.42.
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FDX | Hot Stocks12:01 EDT FedEx falls -8.4% - FedEx is down -8.4%, or -$21.20 to $230.87.
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RKLY | Hot Stocks12:00 EDT Rockley Photonics falls -10.6% - Rockley Photonics is down -10.6%, or -$1.18 to $9.95.
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AMR | Hot Stocks12:00 EDT Alpha Metallurgical rises 13.1% - Alpha Metallurgical is up 13.1%, or $5.69 to $49.11.
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MTL | Hot Stocks12:00 EDT Mechel rises 14.5% - Mechel is up 14.5%, or 51c to $4.03.
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CLS | Hot Stocks12:00 EDT Celestica rises 15.9% - Celestica is up 15.9%, or $1.28 to $9.33.
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VRTX | Hot Stocks11:31 EDT Vertex says Kalydeco supplement submission accepted by Canada - Vertex Pharmaceuticals announced its supplement to a New Drug Submission for Kalydeco has been accepted for priority review by Health Canada for the treatment of cystic fibrosis in patients from 4 months to 18 years of age and weighing at least 5 kg with the R117Hmutation in the cystic fibrosis transmembrane conductance regulator gene.
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VIAC VIACA | Hot Stocks11:16 EDT ViacomCBS CEO sees all-in streaming advertising revenue over $2B this year - Sees $1B in revenue from Pluto this year. Comments taken from the Goldman Sachs Communacopia Conference.
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SNOW C | Hot Stocks11:10 EDT Snowflake announces strategic partnership with Citi around data flows - Snowflake (SNOW) and Citi (C) announced a strategic initiative to "re-imagine how data flows across financial services transactions to provide a frictionless solution for post-trade processes across the industry." "This strategic partnership with Citi will address some of the most prevalent data challenges faced by today's financial services organizations in order for them to drive innovation for their customers and grow their business. Snowflake's Financial Services Data Cloud can redefine data experiences for the financial services industry, so data is more connected and flows more seamlessly across industry transactions than previously possible," said Matt Glickman, VP and Global Head of Financial Services Industry at Snowflake. "Clearly, if we were to start afresh, we would not design market transaction data workflows in the way they function today. In partnership with Snowflake, we are striving to provide solutions to the challenge of multiple records across multiple systems and the associated costs and data reconciliation consequences that hinder our clients and the industry today," added Okan Pekin, Global Head of Citi Securities Services.
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MYMD | Hot Stocks11:07 EDT MyMD Pharmaceuticals reports data 'demonstrating Supera-CBD's superior potency' - MyMD Pharmaceuticals announced new data demonstrating Supera-CBD's "superior potency over CBD by factor of 8,000 times." Supera-CBD is MyMD's pre-clinical patented synthetic cannabidiol, or CBD, derivative that is being developed as a pharmaceutical drug to address anxiety, pain, and neurodegeneration. The study was conducted by Eurofins Discovery, a Eurofins Scientific company. Supera-CBD is currently on a path toward human clinical trials as a therapy for epilepsy, followed by chronic pain, the company noted. "We believe that the new data we are revealing today is an extraordinary achievement in the field of pharmaceutical cannabinoids. We already knew from earlier pre-clinical studies conducted by a major medical school that Supera-CBD presents a dramatically higher binding affinity for the CB2 receptor as compared with plant-derived CBD - a factor of four times. But what happens after binding is what is most important to the efficacy of CBD... The new data demonstrates what we believe to be the strikingly effective ability of Supera-CBD to bind to and activate CB2 to potentially deliver an extremely potent therapeutic benefit at a very low non-toxic dose. Our drug candidate, with low CB1 affinity and four-fold increased CB2 binding, is 8,000 times more potent a CB2 agonist than regular CBD. As we are working to make Supera-CBD a major value creator for our shareholders moving forward, we couldn't be more excited about a research discovery of this magnitude at this stage of development," said Adam Kaplin, M.D., Ph.D., Chief Scientific Officer of MyMD. Dr. Kaplin will deliver an oral presentation of the new Supera-CBD data today at the 4th Annual International Cannabinoid-Derived Pharmaceuticals Summit in Boston, Massachusetts.
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PCAR FDX | Hot Stocks11:02 EDT Paccar, Aurora and FedEx launch autonomous truck commercial pilot - Paccar (PCAR) announced it has teamed up with Aurora, which it calls "a leading autonomous driving technology company," and FedEx (FDX) to launch a commercial pilot of autonomous trucks in linehaul trucking operations. "This is the first collaboration of its kind between a truck manufacturer, an autonomous technology developer and a logistics provider. Starting today, PACCAR's autonomously enabled trucks configured with the Aurora autonomous Driver will haul FedEx loads between Dallas and Houston, a 500-mile round trip, along the I-45 corridor. The trucks will operate autonomously, with a backup driver for additional safety," Paccar said.
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FB | Hot Stocks10:55 EDT Facebook notes expected increased headwinds from platform changes impacting Q3 - Graham Mudd, VP of Product Marketing at Facebook, said in a blog post: "We understand that the last quarter of the year is a busy and important time for you and your business. This year in particular, you're trying to execute marketing plans while navigating a sea of platform and privacy changes across the entire online advertising industry. We're here to help you understand these changes and optimize performance in this new environment... We're on this journey with you as our business also navigates and adapts to these changes. As we noted during our earnings call in July, we expected increased headwinds from platform changes, notably the recent iOS updates, to have a greater impact in the third quarter compared to the second quarter. We know many of you are experiencing this greater impact as we are. We're optimistic about our multi-year effort to develop new privacy-enhancing technologies that minimize the amount of personal information we process, while still allowing us to show personalized ads and measure their effectiveness. Those efforts will take time, but there are actions you can take right now to maximize performance in this new environment while still respecting people's privacy. Today, we are sharing a detailed list of those actions as well as the steps we're proactively taking to help you. We're working hard to ensure that most of these improvements are made before the busy holiday shopping season." Reference Link
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T DISCA | Hot Stocks10:31 EDT AT&T CEO sees WarnerMedia-Discovery deal closing in mid-2022 - John Stankey, CEO of AT&T (T), spoke recently at the Goldman Sachs Communacopia Conference, where he provided an update to shareholders. In discussing the company's priorities since he became CEO last year, Stankey said AT&T has now successfully restructured its asset base to position its largest remaining entities - AT&T Communications and WarnerMedia - to better capitalize on the long-term structural tailwinds of each of their respective markets. Following the close of the WarnerMedia-Discovery (DISCA) transaction, Stankey believes AT&T Communications and Warner Bros. Discovery will each have the right scale, capital structure and asset base to lead their respective industries. AT&T continues to deploy fiber across its wired footprint and remains confident in its ability to reach about 2.5 million incremental customer locations passed by the end of 2021. As previously noted, AT&T has experienced some disruption in its supply chain. However, the company now believes this has been addressed and remains comfortable with its long-term guidance to reach 30 million locations by the end of 2025. Stankey indicated that AT&T continues to expect to close the pending WarnerMedia-Discovery transaction in mid-2022. In the interim, AT&T remains focused on expanding HBO Max's global footprint. HBO Max launched in 39 Latin America territories in June and is set to launch in six European countries next month, with plans to launch in at least 14 additional European territories in 2022. AT&T expects HBO Max subscriber growth in the second half of 2021 to primarily come from outside the United States.
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AXP | Hot Stocks10:14 EDT American Express, Extend partner to enable virtual cards for businesses - American Express and Extend announced their partnership to expand virtual Card solutions for U.S. businesses. U.S. companies with an eligible American Express Business Card can now enroll and create virtual Cards, also known as tokens, through Extend's app or desktop login in as little as five minutes using their existing American Express Card account.
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ENSC | Hot Stocks10:11 EDT Ensysce Biosciences down 16% after holders register 27M shares of common stock
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BTX GILD | Hot Stocks10:11 EDT Brooklyn ImmunoTherapeutics appoints Roger Sidhu as CMO - Brooklyn ImmunoTherapeutics (BTX) announced the appointment of Roger Sidhu, M.D. as its Chief Medical Officer, effective September 20, 2021. Prior to joining Brooklyn, Dr. Sidhu served as Vice President, Clinical Development at Kite Pharma, a subsidiary of Gilead Sciences (GILD).
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RKLB | Hot Stocks10:07 EDT Rocket Lab wins contract to launch orbital debris removal demonstration mission - Rocket Lab announced earlier it has signed a dedicated launch contract with Astroscale Japan, a subsidiary of Astroscale Holdings. Scheduled for lift-off from Rocket Lab Launch Complex 1 in 2023, the Electron rocket will launch the Active Debris Removal by Astroscale-Japan, or ADRAS-J, satellite, which has been selected by the Japan Aerospace Exploration Agency, or JAXA, for Phase I of its Commercial Removal of Debris Demonstration Project, or CRD2, one of the world's first technology demonstrations of removing large-scale debris from orbit. Once deployed to a precise orbit by Electron's Kick Stage, the ADRAS-J satellite is designed to rendezvous with a piece of orbital debris, a long abandoned upper stage rocket body. ADRAS-J aims to demonstrate proximity operations and obtain images of the rocket body, delivering observational data to better understand the debris environment. A planned second phase of the mission, which has yet to be competed, intends to demonstrate the de-orbit of the debris. "The ability to actively remove satellites and debris from orbit at the end of their operational life will likely play a key role in ensuring a sustainable space environment for the future," said Rocket Lab Founder and Chief Executive Officer, Peter Beck. "Rendezvousing with a piece of debris on orbit, travelling at around 27,000 km per hour, is a highly complex task that requires absolute precision when it comes to orbital deployment. Electron's Kick Stage has demonstrated this precision across 18 missions, providing in-space transportation to place our customers' satellites exactly where they need to go." Shares of Rocket Lab are up 61c to $15.09.
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ENDP PFE | Hot Stocks10:07 EDT Endo announces U.S. launch of 'first and only generic version' of Chantix - Endo International (ENDP) announced that one of its operating companies, Par Pharmaceutical, has begun shipping the generic version of Pfizer's (PFE) Chantix, 0.5 mg and 1 mg tablets, following final approval from the U.S. Food and Drug Administration for its Abbreviated New Drug Application. "Par's varenicline is the first and currently the only available FDA-approved generic version of Chantix in the U.S.," the company stated.
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MIC | Hot Stocks10:06 EDT Macquarie Infrastructure completes reorganization into limited liability company - Macquarie Infrastructure Holdings, LLC announced the completion of a previously approved corporate reorganization. As a result of the reorganization, Macquarie Infrastructure Corporation is now a subsidiary of Macquarie Infrastructure Holdings, LLC, a limited liability company treated as a partnership for tax purposes. At the close of trading on September 22, 2021, shareholders of Macquarie Infrastructure Corporation will become unitholders of Macquarie Infrastructure Holdings, LLC on a one-for-one basis without an exchange of certificates. Commencing September 23, 2021, units of Macquarie Infrastructure Holdings, LLC will trade on the New York Stock Exchange under the same symbol.
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HON GM | Hot Stocks10:03 EDT Honeywell's Quality Control System selected by Ultium for Lordstown plant - Honeywell (HON) announced that Ultium Cells LLC, a joint venture between LG Energy Solution and General Motors (GM), will use Honeywell's Quality Control System to ensure the quality and integrity of the lithium-ion batteries produced at its new manufacturing plant in Lordstown, Ohio, the company said in a statement. Due to be completed in 2022, the 2.8 million square-foot factory will produce lithium-ion battery cells for GM electric vehicles ranging from Cadillac sedans to Hummers and will be one of the largest electric vehicle battery plants in the United States. Honeywell's QCS will deploy compact, high-precision scanners and basis weight sensors to serve as the quality control platform for four of the Lordstown plant's production lines.
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MDT | Hot Stocks10:01 EDT Medtronic enrolls first patient in BRAIVE IDE study - Medtronic announced that it has enrolled its first patient and completed the first surgical procedure in its BRAIVE IDE study, which will evaluate the safety and effectiveness of the Braive growth modulation system for treatment of progressive Adolescent Idiopathic Scoliosis. The first patient was recruited by The Newcastle Upon Tyne Hospitals NHS Foundation Trust, United Kingdom. The device is Medtronic's latest innovation in the pediatric spine category, and the study's initiation reaffirms the company's commitment to continued innovation for pediatric patients.
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YUM | Hot Stocks10:01 EDT Yum! Brands' Pizza Hut working to hire 40,000 team members by end of 2021 - Pizza Hut and its franchisees are working to hire 40,000 new permanent team members to work in restaurants across the country by the end of 2021, the company said in a statement. Positions are available at both corporate and franchised restaurants at multiple levels with the majority of open jobs focused on cook and driver roles, it said.
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TIXT | Hot Stocks10:00 EDT Telus International falls -5.9% - Telus International is down -5.9%, or -$2.17 to $34.80.
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RKLY | Hot Stocks10:00 EDT Rockley Photonics falls -7.7% - Rockley Photonics is down -7.7%, or -86c to $10.27.
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FDX | Hot Stocks10:00 EDT FedEx falls -8.1% - FedEx is down -8.1%, or -$20.32 to $231.75.
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XPOF | Hot Stocks10:00 EDT Xponential Fitness rises 9.9% - Xponential Fitness is up 9.9%, or $1.02 to $11.37.
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MTL | Hot Stocks10:00 EDT Mechel rises 10.5% - Mechel is up 10.5%, or 37c to $3.89.
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CLS | Hot Stocks10:00 EDT Celestica rises 14.3% - Celestica is up 14.3%, or $1.15 to $9.20.
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SAFE | Hot Stocks09:47 EDT Safehold falls -5.5% - Safehold is down -5.5%, or -$4.41 to $75.15.
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RKLY | Hot Stocks09:47 EDT Rockley Photonics falls -5.7% - Rockley Photonics is down -5.7%, or -63c to $10.50.
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FDX | Hot Stocks09:47 EDT FedEx falls -7.5% - FedEx is down -7.5%, or -$18.96 to $233.11.
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CLS | Hot Stocks09:47 EDT Celestica rises 9.6% - Celestica is up 9.6%, or 77c to $8.82.
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MTL | Hot Stocks09:47 EDT Mechel rises 10.1% - Mechel is up 10.1%, or 35c to $3.88.
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XPOF | Hot Stocks09:47 EDT Xponential Fitness rises 11.1% - Xponential Fitness is up 11.1%, or $1.15 to $11.49.
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DISCB | Hot Stocks09:36 EDT Discovery Communications trading resumes
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VBNK | Hot Stocks09:35 EDT VersaBank trading resumes
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SSL | Hot Stocks09:34 EDT Sasol commits to net zero ambition by 2050 - Sasol announced its updated strategy that commits it to be at net zero emissions by 2050. This is in line with Sasol's commitment to accelerate its transition to a low carbon world in support of the objectives of the Paris Agreement. In aligning with its 2050 ambition, Sasol has stepped up its 2030 scope 1 and 2 greenhouse gas emission reduction target, from an initial 10% for its South African operations, announced last year, to 30% for its Energy and Chemicals businesses, off a 2017 baseline. The company is also introducing a scope 3 reduction target, for its Energy Business, off a 2019 baseline. This is consistent with what its peers have committed to. Beyond 2030, Sasol has more than one viable pathway to get to its net zero ambition by 2050, with different options to transform its Southern Africa value chain by progressively shifting its feedstock away from coal, towards more transition gas, and then, green hydrogen and sustainable carbon over the longer term, as economics improve for these options.
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DISCB | Hot Stocks09:31 EDT Discovery Communications trading halted, volatility trading pause
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BAC | Hot Stocks09:30 EDT BofA does digital transformation work on 50 weekends out of 52 a year, CEO says
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VBNK | Hot Stocks09:30 EDT VersaBank trading halted, volatility trading pause
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BAC | Hot Stocks09:30 EDT Bank of America is a 'subscription business' CEO Moynihan says
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WMT | Hot Stocks09:25 EDT Walmart sued by EEOC for sexual harassment - Wal-Mart Stores East, LP violated federal law when it allowed a male employee at its Defuniak Springs, Florida, store to sexually harass at least three female employees, the U.S. Equal Employment Opportunity Commission charged in a lawsuit filed on Tuesday. According to the EEOC's lawsuit, from at least July 2018 until late November 2018, at least three female employees were subjected to sexual harassment by a male co-worker. The abusive conduct included repeated instances of sexual comments and inappropriate touching. After one of the females complained to management, Walmart failed to stop the harassment and instead fired her four days later. The offending co-worker continued to harass other female employees, according to the EEOC. The EEOC seeks back pay and reinstatement for the terminated employee, compensatory and punitive damages for all the victims, and injunctive relief to remedy and prevent future workplace sexual harassment. Reference Link
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BAC | Hot Stocks09:18 EDT Bank of America CEO: Supply chain disruption still an issue
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BAC | Hot Stocks09:18 EDT Bank of America capturing younger customers at higher rate, CEO Moynihan says
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BAC | Hot Stocks09:18 EDT Bank of America CEO: Consumers still have more to spend - CEO Brian Moynihan is speaking at the BofA Global Research Financials CEO Conference.
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AMRN | Hot Stocks09:18 EDT Amarin outlines Go-to-Market strategy to accelerate VASCEPA growth - Amarin Corporation outlined its new Go-to-Market strategy to accelerate growth of VASCEPA in the United States, which focuses on expanding healthcare professional engagement through a new omnichannel platform, enhancing managed care access and optimizing VASCEPA prescriptions for cardiovascular risk reduction. Expanding Healthcare Provider Engagement: Amarin's omnichannel approach will enhance the Company's reach to healthcare professionals, targeting a far greater number of the almost 700,000 statin prescribers through high frequency, tailored and impactful messaging regarding the significant benefits of VASCEPA for CV risk reduction. Consistent with this model, Amarin will optimize its U.S. field force and focus on the most productive territories. This will result in a reduction of Amarin's U.S. field force to approximately 300 sales representatives who will remain a critical part of the Company's commercial strategy going forward. Amarin will reinvest the realized net savings towards its expanded educational and promotional efforts. Enhancing Managed Care Access: Amarin will continue working with payers to enhance its strong managed care position and further remove barriers to VASCEPA prescriptions to ensure that patients in need of CV risk reduction receive proper therapy. Importantly, several large Commercial and Medicare Part D payers currently cover VASCEPA as the exclusive icosapent ethyl product due to its cost-effectiveness. Optimizing VASCEPA Prescriptions for CV Risk Reduction: Today, branded VASCEPA remains the only available U.S. Food and Drug Administration approved IPE medication for CV risk reduction. To prevent improper generic substitution for this indication, Amarin is continuing to aggressively educate critical stakeholders in the prescribing continuum to ensure proper fulfillment at each step. Additionally, Amarin is evaluating various innovative solutions designed to better manage IPE prescriptions for CV risk reduction.
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GILD | Hot Stocks09:16 EDT Veklury 'significantly' reduced hospitalization risk in high-risk Covid patients - Gilead announced positive results from a Phase 3 randomized, double-blind, placebo-controlled trial to evaluate the efficacy and safety of a three-day course of Veklury or remdesivir, for intravenous use for the treatment of COVID-19 in non-hospitalized patients at high risk for disease progression. This late-breaking data will be presented at the IDWeek 2021 virtual conference. In an analysis of 562 participants randomly assigned in a 1:1 ratio to receive Veklury or placebo, Veklury demonstrated a statistically significant 87% reduction in risk for the composite primary endpoint of COVID-19 related hospitalization or all-cause death by Day 28 compared with placebo 5.3% p=0.008. Results also showed an 81% reduction in risk for the composite secondary endpoint of medical visits due to COVID-19 or all-cause death by Day 28 for participants treated with Veklury, 1.6% compared with placebo, 8.3% p=0.002. In the study, no deaths were observed in either arm by Day 28. Enrollment for this trial was stopped prior to fulfilling enrollment targets in April 2021, reflecting the changing epidemiology and adoption of additional treatment options at the time; however, the study continued to collect data on enrolled participants and both investigators and participants remained blinded to their assignment of Veklury or placebo. These results complement positive results from ACTT-1 and other studies in hospitalized patients in which Veklury helped patients recover significantly faster and reduced the likelihood of disease progression. "Antiviral medications provide maximal benefit when used early in the disease course. Last summer, data from clinical trials demonstrated the benefit of remdesivir in patients hospitalized with COVID-19, even when not yet requiring oxygen. These latest data show remdesivir's potential to help high-risk patients recover before they get sicker and stay out of the hospital altogether," said Robert L. Gottlieb, MD, PhD, Cardiologist and Principal Investigator at Baylor University Medical Center and Baylor Scott & White Research Institute. "We are seeing very high numbers of hospitalized patients as new COVID-19 infections surge, placing increased demands on already over-burdened healthcare systems. Remdesivir, also known as Veklury, is an effective antiviral for the treatment of hospitalized patients with COVID-19 and an essential tool to help reduce disease progression."
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SPT | Hot Stocks09:15 EDT Sprout Social released its new ESG website - Sprout Social released its new Environmental, Social and Governance, or ESG, website, which outlines and underscores the company's commitments to sustainability and equity across the business. The site also includes Sprout's recently published Diversity, Equity and Inclusion report that details the current state of its demographic makeup along with key learnings and goals for the future. Sprout is focused on minimizing its environmental impact, positively affecting its communities and aligning its practices with the interests of all stakeholders with initiatives including: Energy conservation: Sprout is "committed to purchasing energy-efficient equipment and partnering with suppliers that share its commitment to environmentally sustainable practices," the company said. Diversity, Equity and Inclusion: Sprout is "committed to building a diverse team, fostering an inclusive culture and investing in equity across our organization," the company added. Ethical conduct: The company has formed an ESG committee responsible for growing and guiding these efforts.
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BGRY | Hot Stocks09:14 EDT Berkshire Grey announces launch of AI-powered Robotic Shuttle Put Wall solution - Berkshire Grey announced the launch of its AI-powered Robotic Shuttle Put Wall (RSPW) solution for eCommerce order fulfillment. The RSPW is an automated put wall that increases capacity and throughput with robotic automation, which is more important than ever given today's heightened customer expectations for fast and efficient fulfillment and the parallel industry pressure of labor scarcity.
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SPT | Hot Stocks09:13 EDT Sprout Social announces two major growth milestones - Sprout Social announced it has surpassed $200M in annual recurring revenue, or ARR. Additionally, Sprout now serves more than 30,000 customers across the globe, underscoring both its market expansion and accelerated growth rate. "$200M in ARR is a remarkable achievement for our company," said Ryan Barretto, President of Sprout Social. "We've doubled ARR in roughly two years and we're growing at a faster pace at $200M than at $100M, which is a true testament to the execution of our teams. We're happy to celebrate these milestones, but we also believe that the best is yet to come."
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MTBC SIVB | Hot Stocks09:13 EDT Silicon Valley Bank doubles CareCloud's credit facility - CareCloud, Inc. (MTBC) announced that Silicon Valley Bank (SIVB), the bank of the world's most innovative companies and their investors, has increased its secured line of credit, which is currently untapped, to $20 million to support future growth. The term of the line of credit was also extended by two years, to October 13, 2023. CareCloud's revolving line of credit from Silicon Valley Bank provides up to $20 million of capital to be used for growth and general corporate purposes
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IVZ | Hot Stocks09:12 EDT Invesco partner partnering with Galaxy Digital to offer digital asset ETFs - Invesco and Galaxy Digital, a financial services innovator in the digital asset, cryptocurrency, and blockchain technology sectors, announced a strategic partnership to develop a comprehensive suite of U.S.-listed, physically backed, digital asset exchange traded funds, or ETFs. In the last three years, Invesco ETFs & Indexed Strategies has more than doubled its AUM to $471B globally. Galaxy Digital has $2.1B in AUM.
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GILD | Hot Stocks09:11 EDT Gilead says Veklury reduced COVID-19 related hospital risk 87% in study
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VZ | Hot Stocks09:11 EDT Verizon, Mobility Workx reach agreement for wireless technologies - Mobility Workx and Verizon Wireless reached a licensing agreement and ended a four-year patent dispute over Mobility Workx's wireless patent portfolio. Principals of Mobility Workx, Dr. Edwin Hernandez and Dr. Sumi Helal, were present at the settlement negotiation. The licensed patents were invented around 2002 as part of Dr. Hernandez' doctoral research at the University of Florida that was directed by Dr. Helal at his Mobile Computing Lab. In early 2000s, Dr. Helal was the director of the Mobile Computing Lab where he directed the inception and creation of many innovative technologies that were envisioned decades before their realization into actual wireless networks and mobile computing devices that we have and use today on a daily basis.
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HBNC | Hot Stocks09:10 EDT Horizon Bancorp board increases quarterly dividend 15.4% to 15c per share - Horizon Bancorp announced that its Board of Directors approved a 15.4% increase in its quarterly cash dividend from 13c to 15c per share. Horizon's quarterly dividend will next be payable on October 22, 2021 to common stockholders of record as of October 8, 2021. "This will be the company's second dividend increase of 2021 and its ninth over the last 10 years, reflecting the strength and profitability of our business, and further enhancing what we believe is the compelling value proposition presented by Horizon's recent share price," Chairman and CEO Craig Dwight said. "Horizon's balance sheet, efficient operations, asset quality and commercial and consumer relationships have allowed us to continue generating meaningful retained earnings, building cash, and enhancing capital, all of which enable us to continue our uninterrupted 30-year record of paying quarterly cash dividends while maintaining a payout ratio aligned with profitability."
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ZKIN CZR | Hot Stocks09:10 EDT MaximBet.com secures market access deals in Ohio, Pennsylvania - ZK International Group's (ZKIN) investee company MaximBet.com announced that it has secured market access in Ohio and Pennsylvania. After successfully launching in Colorado earlier this month, including achieving a record-setting number of bets on the opening weekend of the pro football season, MaximBet is quickly expanding its reach in avid sports markets across the U.S. and Canada. MaximBet's latest partnership will grant online sports betting access in Ohio. Separately, MaximBet will be gaining market access in Pennsylvania through Caesars Entertainment (CZR) in order to provide iGaming.
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BDRBF | Hot Stocks09:09 EDT Bombardier expands customer offerings at Dallas Service Centre - Bombardier is pleased to announce the enhancement of its interior repair and refurbishment activities at its service centre in Dallas, Texas, providing customers with even more maintenance and support capabilities. Bombardier will collaborate with Global Engineering & Technology to offer customers the industry's highest quality of enhanced interior services and support at the Dallas Service Centre. Built on a long-standing relationship between the two companies, the collaboration with Wichita-based GETI will benefit from the supplier already being well-versed with Bombardier business jets at Bombardier's service centre in Wichita, Kansas.
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KRNY | Hot Stocks09:08 EDT Kearny Financial announces authorization of new 10% stock repurchase plan - Kearny Financial, the holding company for Kearny Bank, announced that the Board of Directors has authorized a new stock repurchase plan to acquire up to 7,602,021 shares, or approximately 10% of the company's outstanding common stock. The repurchase program has no expiration date and may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate.
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WY | Hot Stocks09:08 EDT Weyerhaeuser sets greenhouse gas emission targets - Weyerhaeuser is taking actions to contribute to climate change solutions, including: growing the company's Natural Climate Solutions business to capitalize on opportunities associated with emerging carbon markets; aligning carbon disclosures with the future Greenhouse Gas Protocol on Carbon Removals and Land Use; releasing its inaugural carbon record, disclosing that the company is significantly carbon negative and stores billions of metric tons of carbon dioxide equivalents in its U.S. timberlands; and setting a science-based greenhouse gas emissions reduction target that aligns with limiting global warming to 1.5 degrees Celsius and supports the pathway to net-zero.
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SB | Hot Stocks09:08 EDT Safe Bulkers announces sale of one Kamsarmax vessel - Safe Bulkers announced that it has entered into an agreement for the sale of MV Pedhoulas Fighter, a 2012 Chinese-built, Kamsarmax class, dry-bulk vessel at gross sale price of $23.7 million and forward delivery date within the fourth quarter of 2021. Including this agreement and the previously announced agreements, the Company has sold seven vessels, has acquired four second-hand vessels and has ordered eight Japanese newbuild vessels with deliveries starting from Q2 2022 until Q1 2024.
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OB | Hot Stocks09:07 EDT Outbrain, Pijper Media enter multiyear partnership agreement - Outbrain announced a new partnership agreement with Pijper Media, a media owner in The Netherlands. Via a multiyear partnership, Outbrain will be exclusively managing audience engagement and development via the company's recommendation technology across all the websites within the Pijper Media's network. Pijper Media, which includes brands such as Grazia, Marie Claire, and Beau Monde, serves more than 12 millions page views per month to their Dutch audience.
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GSL | Hot Stocks09:07 EDT Global Ship Lease joins Call to Action for Shipping Decarbonization - Global Ship Lease joined more than 150 industry leaders and organizations representing the entire maritime value chain, including shipping, cargo, energy, finance, ports, and infrastructure, in calling for governments to work together with industry to deliver the policies and investments needed to reach critical tipping points in decarbonizing global supply chains and the global economy. Signatories of the Call to Action for Shipping Decarbonization call on world leaders to: commit to decarbonizing international shipping by 2050 and deliver a clear and equitable implementation plan to achieve this when adopting the IMO GHG Strategy in 2023; support industrial scale zero emission shipping projects through national action, for instance by setting clear decarbonization targets for domestic shipping and by providing incentives and support to first movers and broader deployment of zero emissions fuels and vessels; and deliver policy measures that will make zero emission shipping the default choice by 2030, including meaningful market-based measures, taking effect by 2025 that can support the commercial deployment of zero emission vessels and fuels in international shipping.
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GM AMZN | Hot Stocks09:06 EDT GM to offer OnStar emergency service at home via Amazon partnership - General Motors (GM) and Amazon (AMZN) announced plans to introduce the OnStar Guardian skill for Amazon Alexa, a new feature that will provide a voice-enabled connection to Emergency-Certified OnStar Advisors at home through compatible Alexa-enabled devices. "The OnStar Guardian skill for Amazon Alexa is part of the OnStar Guardian platform, which aims to help keep people safe no matter where they are located. When the OnStar Guardian skill for Amazon Alexa is enabled on compatible, in-home Alexa devices, household members can reach OnStar Emergency-Certified Advisors by saying, 'Alexa, call for help,' during crisis situations, such as house fires, medical emergencies, break-ins and more," GM stated. The OnStar Guardian skill for Amazon Alexa will initially be available to select OnStar members, with the intent to broadly roll out the service, beginning in 2022, to anyone in the United States with a compatible, in-home Alexa-enabled device, such as an Echo, Echo Dot or Echo Show. Initial OnStar members will receive more details about how to sign up for the OnStar Guardian skill for Amazon Alexa via email, the company stated. Reference Link
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S | Hot Stocks09:06 EDT SentinelOne appoints Keenan Conder as Chief Legal Officer - SentinelOne announced the appointment of Keenan Conder as Chief Legal Officer and Corporate Secretary. Mr. Conder replaces Efi Harari who has been the company's Chief Legal Officer since June 2017 and has recently transitioned to Chief of Staff.
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WY | Hot Stocks09:06 EDT Weyerhaeuser establishes long-term strategic growth targets for 2025 - Weyerhaeuser reports its targets for driving strategic growth by year-end 2025, including: growing the company's timberlands portfolio through $1B of disciplined investments with strong returns; generating $100M of Adjusted EBITDA from Natural Climate Solutions, a fivefold increase from current levels; capturing $175M-250M of additional operational performance improvements; and growing lumber production by 5% annually to serve increasing market demand.
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SINT | Hot Stocks09:06 EDT Sintx Technologies awarded Phase 1 grant from NIH for SN-PEEK spinal implant - SINTX Technologies announced a Phase 1 grant of $308,301 awarded by the National Institute of Health, or NIH, to develop a 3-D printed, composite silicon nitride - polyetheretherketone spinal implant. This U.S. government funded research grant addresses the antibacterial and osseointegrative properties of silicon nitride and represents the first NIH grant that has been awarded to SINTX. SINTX will be collaborating with Drexel University, Thomas Jefferson University, and the University of Pennsylvania School of Veterinary Medicine over the next 9-11 months to design a 3D printed SN-PEEK composite spinal implant that meets the static loading requirements of the American Society for Testing and Materials, and to characterize its antibacterial activity, and effect on osteoblast proliferation and maturation. The NIH grant will support resourcing, acquisition of materials, as well as testing and trials at SINTX and collaborative universities. Upon the successful execution of the Phase 1 grant application goals, SINTX will be well-positioned to seek a Phase 2 award. Dr. Sonny Bal, President, and CEO, SINTX Technologies said, "The NIH grant represents an important milestone in expanding the antibacterial and osseointegrative properties of silicon nitride into SN-PEEK composite structures. From a commercial standpoint, this NIH-funded project is an important step in our strategy to create a new generation of differentiated spinal implants for prospective partners."
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CLOV | Hot Stocks09:06 EDT CMS approves Clover Health's expansion plans for 2022 - Clover Health announces that the Centers for Medicare and Medicaid Services has approved the company's service area expansion to operate in 101 new counties. With this approved service area expansion beginning January 1, 2022, Clover's Medicare Advantage plans will be available to eligible individuals in 101 new counties across Georgia, New Jersey, South Carolina, Texas, and Alabama - a new state for the company. This will bring Clover's total coverage area for its Medicare Advantage plans to 209 counties across nine states. Individuals eligible for Medicare in any of the 209 counties can sign up for Clover's plans during the Annual Election Period, which runs from October 15 to December 7.
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NWS | Hot Stocks09:05 EDT News Corp announces $1B stock repurchase plan - News Corp announced that its board has authorized a $1B stock repurchase program. This stock repurchase program, which replaces the $500M Class A common stock repurchase program approved by the board in May 2013, has no time limit and may be modified, suspended or discontinued at any time. The board's authorization follows the termination of the company's stockholder rights agreement, which had been in place since the company's inception in 2013, and the execution of a stockholders agreement by and between the company and the Murdoch Family Trust, which limits the potential accretion of voting power by the trust and Murdoch family members through market purchases or as an indirect result of repurchases by the company of shares of Class B common stock. The stockholders agreement provides that the trust and the company will not take actions that would result in the trust and Murdoch family members together owning more than 44% of the outstanding voting power of the Class B common stock, or would increase the trust's voting power by more than 1.75% in any rolling twelve-month period. The trust would forfeit votes in connection with an annual or special company stockholders meeting to the extent necessary to ensure that the trust and the Murdoch family collectively do not exceed 44% of the outstanding voting power of the shares of Class B common stock at such meeting, except where a Murdoch family member votes their own shares differently from the trust on any matter. The stockholders agreement will terminate upon the trust's distribution of all or substantially all of its Class B common stock. The inclusion of Class B common stock in the repurchase program, termination of the rights agreement and stockholders agreement were approved by a special committee comprising all of the independent members of the board. Given trading black-out restrictions, the company intends to begin to execute on the repurchase program following the fiscal 2022 first quarter earnings release in early November.
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GT | Hot Stocks09:05 EDT Goodyear Tire to adopt 100% renewable energy at plants across Europe, Turkey - The Goodyear Tire & Rubber Company announced it will adopt 100% renewable energy at its Goodyear plants across Europe and Turkey in the first of a multiple-phase plan to procure 100% renewable energy in all its facilities across Europe, Middle East and Africa by the end of 2022. The decision, made in conjunction with the company's development of its long-term climate strategy, will enable Goodyear to reduce operational impacts and aligns with its goal of reducing carbon emissions intensity by 25% by 2023 versus a 2010 baseline. The company already achieved 19% intensity reduction in 2020 as reported in its latest Corporate Responsibility Report.
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CTRM | Hot Stocks09:05 EDT Castor Maritime announces new charter agreements, deliver of M/V Magic Mars - Castor Maritime announces that on September 20, 2021, it took delivery of M/V Magic Mars, the 2014 Korean-built Panamax dry bulk carrier it had agreed to acquire as previously announced on May 17, 2021. The vessel acquisition was financed in its entirety with cash on hand. M/V Magic Mars has been fixed on a time charter contract at a gross daily charter rate of $34,600. The charter is expected to commence on or around September 24, 2021, and will have a duration of about 75 days. The Company also announces that M/V Magic Argo, a 2009 built Kamsarmax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $33,500. The charter commenced on September 14, 2021, and has a duration of about 90 days.
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FAF | Hot Stocks09:04 EDT First American names Lisa Cornehl VP chief legal officer - First American Financial announced that Lisa Cornehl has been named senior vice president and chief legal officer. In her new position, Cornehl will be responsible for setting the company's legal strategy and for overseeing its legal affairs. She previously served as deputy general counsel, litigation and as chief privacy officer. "Lisa is a proven legal strategist and operator who has skillfully managed our company's risk and vigorously defended its reputation," said Ken DeGiorgio, president of First American Financial Corporation. "Her keen insights into our business and strategic counsel will serve our company well as we execute on our growth strategy." Cornehl will serve as a member of First American's executive management team and report directly to DeGiorgio.
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TM | Hot Stocks09:04 EDT Clearway Energy signs VPPA with Toyota Motor North America - Clearway Energy announced that it has signed a virtual power purchase agreement with Toyota Motor North America to support Clearway's 100 MW Wildflower Solar project in DeSoto County, Mississippi. Toyota will purchase the majority of the electricity the project will generate, 80 MW, to replace the high emission electricity used in its operations with zero emissions renewable electricity on the grid. Wildflower is scheduled to begin operations in 2023 and is located in proximity to Toyota's manufacturing facility within the state.
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BCTX | Hot Stocks09:04 EDT BriaCell announces TSXV acceptance of Normal Course Issuer Bid - BriaCell Therapeutic announces that the TSX Venture Exchange has accepted the Company's Notice of Intention to implement a normal course issuer bid. Pursuant to the Buyback, the Company may, during the 12-month period commencing on September 28, 2021 and ending September 27, 2022 purchase, through the facilities of the TSXV or The Nasdaq Capital Market or alternative exchanges, up to 1,341,515 common shares and up to 411,962 publicly traded BCTXW warrants in total, representing 10% of the 13,415,154 Common Shares and 10% of the 4,119,622 Listed Warrants, respectively, that comprise the "public float" as of September 21, 2021. Independent Trading Group Inc. will act as the Company's advisor and dealer manager in respect of the Buyback. The Buyback will in no way interfere with BriaCell's ambitious growth plans to expand into previously-announced areas of cancer immunotherapy and/or advance its current breast cancer clinical trials.
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WY | Hot Stocks09:03 EDT Weyerhaeuser authorizes new $1B share repurchase program - Weyerhaeuser has authorized a new share repurchase program of up to $1B of the company's common shares. This program replaces the existing $500M share repurchase program authorized in February 2019.
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COMP | Hot Stocks09:03 EDT Compass to acquire First Alliance Title, terms not disclosed - Compass announced that it has signed a definitive agreement to acquire First Alliance Title, a title company serving the Denver metro area. The acquisition extends the company's growing portfolio of title and escrow businesses that now serves nine states. The transaction is expected to close before the end of the year and the terms of the deal are not being disclosed.
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AVGO | Hot Stocks09:02 EDT Broadcom announces L1/L5 GNSS receiver chip BCM4778 - Broadcom announced the world's lowest power L1/L5 GNSS receiver chip, the BCM4778, optimized for mobile and wearable applications. Equipped with the latest GNSS innovations, this third-generation chip is 35% smaller and consumes 5 times less power than the previous generation. Dual-frequency GNSS continues to be an important location feature for modern mobile and wearable devices as it provides greater positioning accuracy for location-based services applications. The advanced L5 signal enables sidewalk-level accuracy for pedestrian navigation in urban environments, as well as lane-level accuracy for vehicle navigation.
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WY | Hot Stocks09:02 EDT Weyerhaeuser declares 50c interim supplemental dividend - Weyerhaeuser is declaring a one-time interim supplemental dividend of 50c per share on the common stock of the company, payable in cash on October 19 to holders of record of such common stock as of the close of business on October 5.
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BBBY DASH | Hot Stocks09:02 EDT Bed Bath & Beyond, DoorDash announce expanded partnership - Bed Bath & Beyond (BBBY) announced a partnership with DoorDash (DASH) to offer consumers on-demand delivery of essential homeware products and items from more than 700 Bed Bath & Beyond locations and nearly 120 buybuy BABY locations nationwide. With this partnership, Bed Bath & Beyond becomes the first home retailer and buybuy BABY the first baby goods retailer available on the DoorDash marketplace app and website. Beginning September 22, DoorDash will offer more than 60,000 products and items found on BedBathandbeyond.com and buybuyBABY.com on the DoorDash marketplace app and website. Consumers can now browse and order products for on-demand delivery and have them delivered right to their doorstep within an hour on average.
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APO | Hot Stocks09:01 EDT Intrado unveils new capabilities in HouseCalls Pro - Intrado unveiled new capabilities within HouseCalls Pro, its digital patient engagement platform. HouseCalls Pro automates workflows and fosters true two-way communication between patients and health systems, creating a superior healthcare experience for patients and improving long-term outcomes.HouseCalls Pro's new automated referral management capability improves referral closure rates and care coordination for patients that require treatment by a specialist. Instead of staff calls to patients ending up in voicemail, patients are contacted via text messaging for scheduling. Based on their response, the patient can self-schedule the appointment via SMS or be connected, in real time, to the referred department.
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GIS | Hot Stocks08:57 EDT General Mills sees HMM savings at 4% cost of goods sold in FY22
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GIS | Hot Stocks08:55 EDT General Mills: Supply chain holding up 'as well or better than' competitors
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DATS IZEA | Hot Stocks08:54 EDT DatChat announces partnership, influencer campaign with IZEA - DatChat (DATS) announced that it has awarded a $1M managed services contract to IZEA Worldwide (IZEA) to execute a celebrity influencer online dating campaign for DatChat Messenger. The campaign is intended to highlight DatChat's messaging platform capabilities and its focus on personal privacy and data protection. IZEA plans to leverage its roster of influencer talent to drive awareness of the messaging platform and the benefits of the technology as a dating app, and more broadly, as a messaging ecosystem. The campaign is expected to launch in Q4 2021 and will run through the end of the year across Instagram, Facebook, and TikTok. DatChat is available as a free download for iOS and Android.
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GIS | Hot Stocks08:54 EDT General Mills: Supply chain environment also 'dynamic,' 'challenging' - Now expects total input cost inflation in FY22 will be roughly 7% to 8%, up from prior estimate of 7%.
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GIS | Hot Stocks08:53 EDT General Mills: At-home food demand 'notably elevated' around the world - At-home food demand remains notably elevated around the world, relative to pre-pandemic levels, General Mills said in prepared remarks ahead of its Q1 earnings conference call.
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ORN | Hot Stocks08:49 EDT Orion Group says company's Marine segment awarded $35M in contracts - Orion Group Holdings announced contract awards totaling approximately $35M. The Company's Marine segment has been awarded four contracts valued at a combined $35M to perform marine and infrastructure construction work in the gulf coast, as well as in Alaska. In the gulf coast, the Company has been awarded three contracts to construct marine infrastructure for private sector clients in Texas and Louisiana. Two of these awards, valued at $11.8M and $6.7M, are in the greater Houston area and call for the construction and dredging of new ship and barge berths for petrochemical loading and unloading. The third project, valued at approximately $9M, calls for the replacement of an existing barge dock at a terminal located west of New Orleans. Work on all three projects is expected to commence in the fourth quarter of 2021 and be complete by third quarter of 2022. In addition, the Company has been awarded a contract from the US Department of Transportation to demolish and replace an existing bridge in Alaska's Denali National Park. This project is valued at $7.8M and will commence late in the first quarter of 2022 with the work completed in late 2023. "We're pleased to announce these project awards, particularly those in the private sector energy and industrial spaces," said Mark Stauffer, Orion's President and Chief Executive Officer. "Our disciplined approach to bidding project opportunities is paying off, and we expect to see significant additional awards in our marine business in the coming weeks."
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WKHS | Hot Stocks08:46 EDT Workhorse Group suspends deliveries of C-1000 vehicles, recalls 41 - Workhorse Group provided an update to its ongoing review of the Company's business and go-forward operating and commercial plans to transition from an advanced technology start-up to an efficient manufacturing company. The Company has identified a number of enhancements in the production process and design of the C-1000 to address customer feedback, primarily related to vehicle dynamics to increase the vehicles' payload capacity. As Workhorse has identified these enhancements and continued its review and redesign of the C-1000, the Company has decided to suspend deliveries of C-1000 vehicles and recall 41 vehicles it has already delivered. As part of these efforts, the new leadership team has determined that additional testing and modifications to existing vehicles are required to certify the C-1000 vehicles under Federal Motor Vehicle Safety Standard. The Company expects to complete testing in the fourth quarter of 2021. Workhorse intends to provide an update on its operating and commercial plans on its upcoming third quarter 2021 earnings call. The Company has filed a report with the National Highway Traffic Safety Administration regarding the need for additional testing and vehicle modifications to certify its C-1000 vehicles under FMVSS, and intends to fully coordinate with NHTSA. The Company has not received any customer reports of safety issues related to this matter in any of the C-1000 vehicles previously delivered by Workhorse. Additional details will be available in the Company's filing with NHTSA. Accordingly, the Company's previous statements related to the C-1000's compliance with NHTSA standards cannot be relied upon and the Company has so notified the Securities and Exchange Commission.
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FULT | Hot Stocks08:46 EDT Fulton Financial announces Anthony Cossetti joins as Chief Accounting Officer - Fulton Financial announced that Anthony L. Cossetti has joined the company as Executive Vice President, Chief Accounting Officer and Controller. Cossetti currently serves as a Finance Committee member for the National Board of Osteopathic Medical Examiners, where he was previously an Audit Committee member. He also served as an Advisory Board member to the Federal Home Loan Bank of Pittsburgh.
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ORN | Hot Stocks08:42 EDT Orion Group announces six contract awards totaling approximately $26M - Orion Group Holdings, announced six contract awards in its key markets for its Concrete segment totaling approximately $26M. The Company was recently awarded two contracts in the Houston, Texas, area including an $8 million contract for the construction of a building as part of a new industrial park and a $9M contract for the construction of four tilt-wall buildings in a new distribution center. Both projects are expected to commence construction in the fourth quarter of 2021 and be completed before year end 2022. The Company also has been awarded a contract valued at $3.2M to construct three buildings for a new school in its Dallas market and two contracts valued at over $4 million to build new townhome facilities in Austin, Texas. All three projects are expected to begin construction during the fourth quarter of 2021 and be completed in the second quarter of 2022. In addition, the Company was awarded a $2.1M contract to construct a single-story tilt-wall building with associated site work in Daytona, Florida, marking the first project for the Company's Concrete segment outside of Texas. The project is expected to begin in the fourth quarter of 2021 and be complete by the end of the first quarter of 2022. "The capture of work in Florida is of significant importance as it represents a key first step in our strategic plan to expand our Concrete business to this market," said Mark Stauffer, Orion's President and Chief Executive Officer. "Our Marine segment has had an active present in the Florida market since the 1940s and our Concrete teams will leverage our existing experience, relationships and resources to grow into this market."
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VZ | Hot Stocks08:41 EDT Verizon Frontline earns Harris County, Texas ESD contract - Verizon Frontline has been awarded the contract to deliver connectivity and smartphones for the Harris County, Texas Emergency Services District, or ESD, No. 11. Verizon Frontline delivers the advanced network and technology first responders need to achieve their mission. Verizon Frontline will deliver network and smartphones for use in Harris County ESD No. 11 Emergency Medical Services trucks and ambulances.
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DXC XM | Hot Stocks08:40 EDT DXC Tech implements Qualtrics EmployeeXM into its platform - DXC Technology (DXC) and Qualtrics (XM) announced a new collaboration to make the Qualtrics' EmployeeXM experience management platform a part of DXC's Modern Workplace service solution. Blended with DXC's Modern Workplace operational data, DXC will capture and integrate experience data from Qualtrics-how employees feel about their technology experience at work-to provide valuable, real-time employee sentiment to drive greater engagement, collaboration and productivity. DXC will be the first to use the Modern Workplace solution internally to transform the digital experiences for its more than 130,000 employees, the majority of whom are working virtually. "As a leading provider of Modern Workplace services globally, DXC helps organizations transform and foster collaboration and productivity on any device, anytime and anywhere. Adding the power of Qualtrics' employee experience technology to DXC's Modern Workplace is a natural fit to further elevate the value and data provided on experience for our customers and colleagues," said Mike McDaniel, President, Modern Workplace at DXC Technology. "For our customers and for our own workplace, DXC is committed to putting experience at the center of everything we do and the intelligence we achieve from the Qualtrics platform is a key differentiator of DXC's services."
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SAVA | Hot Stocks08:39 EDT Cassava Sciences announces results of 12-month analysis of simufilam - Cassava Sciences announced clinical data from a pre-planned interim analysis of an on-going open-label study with its drug candidate simufilam in patients with mild-to-moderate Alzheimer's disease. In a study funded by the National Institutes of Health, ADAS-Cog11 scores improved an average of 3.2 points from baseline in the first 50 study subjects who completed 12 months of open-label treatment with simufilam. In the first 50 study subjects who completed 12 months of open-label treatment with simufilam: ADAS-Cog11 scores improved an average of 3.2 points from baseline; 68% of study subjects improved on ADAS-Cog at 12 months, these study subjects improved an average of 6.8 points; an additional 20% of study subjects declined less than 5 points on ADAS-Cog at 12 months, these study subjects declined an average of 2.5 points; and study subjects entered the open-label study with a clinical diagnosis of mild-to-moderate Alzheimer's, Mini-Mental State Examination range 16-26. Safety Analysis: Drug is well-tolerated. There are no drug-related serious adverse events through the 12-month interim analysis. Next Step: Phase 3 Clinical Program under FDA Special Protocol Assessments. Cassava Sciences is advancing simufilam into a Phase 3 clinical program in Alzheimer's disease. Study initiation is on-track for Q4 2021. On August 24, 2021, Cassava Sciences announced it had reached agreement with the U.S. Food and Drug Administration under a Special Protocol Assessment for both of its Phase 3 studies.
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LMNR | Hot Stocks08:38 EDT Limoneira signs MoU with with Wileman Bros. & Elliott to sell citrus volumes - Limoneira announced that they have signed a memorandum of understanding, or MoU, with Wileman Bros. & Elliott to come together to sell their combined citrus volumes under the One World of Citrus Alliance. Wileman Bros. & Elliott is a 95-year-old citrus business located in California's Central Valley. It is both a large grower and independent shipper of California citrus with a focus on oranges, mandarins and specialty citrus. Limoneira, another legacy brand, operating since 1893, is a worldwide grower of citrus with large holdings in California of lemons, oranges, and other specialty citrus crops. Moving forward, Limoneira's oranges and specialty citrus, including grapefruit, and pummelos, will be packed and shipped by Wileman Bros. & Elliott. Both entities will maintain and expand their current brands and packaging, however the sales representatives from both companies will be responsible for the entire combined citrus portfolio from all growing regions including imports. One World of Citrus' "One Service" program will provide a single invoice to the customer in order to simplify the transaction.
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EOSE | Hot Stocks08:37 EDT Eos Energy appoints Carlos Restrepo as CTO - Eos Energy Enterprises announced that Carlos Restrepo has been named Chief Technology Officer. In this role, he will provide strategic direction over Eos' proprietary technology and its alignment with overall business goals and customer needs. Restrepo joins Eos after seven years at sonnen Inc., a global market leader in smart residential energy storage systems, where he served as Chief Technology Officer and Managing Director.
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WDAY | Hot Stocks08:36 EDT Workday reports nearly 1,000 customers live on Skills Cloud - Workday announced that nearly 1,000 organizations are using Skills Cloud to more effectively hire, engage, and retain their workforce in the changing world of work. In addition, Workday is making a packaged solution - skills foundation - available to help customers accelerate their adoption of the Workday skills infrastructure, including Skills Cloud, Talent Marketplace, and Career Hub, among others.
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ITI | Hot Stocks08:36 EDT Iteris awarded $1M on-call contract by City of Suffolk - Iteris announced that it has been awarded an open-ended annual services on-call contract by the City of Suffolk, Virginia's Department of Public Works for traffic signal optimization engineering services. Under the contract, which is renewable for an additional four years with an estimated potential value of up to $1M, Iteris will develop signal timing plans for signalized intersections, provide vehicle turn movement counts, perform before-and-after corridor analysis, develop hurricane evacuation timing plans and Interstate 664 diversion timing plans, and design intelligent transportation system equipment plans. The City of Suffolk encompasses 1,600 roadway miles for which Iteris' ITS experts will support traffic management operations, emergency planning and operations, and the deployment of new technologies.
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SCYX | Hot Stocks08:36 EDT Scynexis announces U.S. availability of BREXAFEMME - SCYNEXIS announced the U.S. availability of BREXAFEMME, an oral non-azole prescription medication approved by the U.S. Food and Drug Administration to treat vulvovaginal candidiasis, commonly referred to as vaginal yeast infection. BREXAFEMME, a one-day oral medication consisting of two pills in the morning and two in the evening, is the first new antifungal class in more than 20 years. As part of its commitment to ensuring patient access, SCYNEXIS has implemented programs to remove potential barriers and help patients receive treatment. A co-pay assistance savings program is available for eligible commercially insured patients.
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EJH | Hot Stocks08:35 EDT E-Home Household Service acquires Sijie Cleaning Service - E-Home Household Service's affiliated variable interest entity, Pingtan Comprehensive Experimental Area E Home, entered into an equity transfer agreement to acquire 51% equity interests of Fuzhou Sijie Cleaning Service in cash. Sijie Cleaning is an integrated and professional cleaning company, providing one-stop cleaning services. It is mainly engaged in providing cleaning services, environmental testing, formaldehyde treatment and indoor and outdoor wall cleaning.
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CLRB | Hot Stocks08:35 EDT Cellectar announce preliminary data of iopofosine I-131, external beam radiation - Cellectar Biosciences announced the completion of the part A portion of a safety and tolerability study of iopofosine I-131 in combination with external beam radiation in relapsed or refractory head and neck cancer. This Investigator initiated study is being conducted by the University of Wisconsin as part of a Specialized Program of Research Excellence grant awarded by the National Cancer Institute. The University of Wisconsin clinical trial is evaluating the potential for iopofosine in combination with EBRT to reduce the total dose and number of fractions of external beam radiation while maintaining favorable tumor response rates. The reduction in the amount or fractions of EBRT has the potential to diminish the adverse events associated with EBRT. Patients with head and neck cancer typically receive approximately 60-70 Grays, or Gy, of EBRT given as 2 - 3 Gy daily doses over a 6 week timeframe. Patients can experience long-term tumor control following re-irradiation in this setting; however, this approach can cause severe injury to normal tissue structures, significant adverse events and diminished quality of life. Part B of the study will further assess the safety and potential benefits of iopofosine in combination with EBRT in a cohort of up to 24 patients. In addition to head and neck cancer, Cellectar is currently investigating iopofosine in an expansion cohort in relapsed or refractory Waldenstrom's macroglobenemia patients who have received at least two prior lines of therapy, including those who have failed or had a suboptimal response to Bruton tyrosine kinase inhibitors. The company is also evaluating iopofosine in highly refractory multiple myeloma patients in its Phase 2 CLOVER-1 study and relapsed/refractory pediatric cancer patients with sarcomas or brain tumors in the Phase 1 CLOVER-2 study.
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ACST | Hot Stocks08:34 EDT Acasti Pharma regains compliance with Nasdaq listing standards - Acasti Pharma provided a business update and announced that the Nasdaq Stock Market has confirmed to Acasti that the Company has regained compliance with Nasdaq's minimum bid price requirement. Jan D'Alvise, President and CEO of Acasti Pharma, commented, "We are pleased to have regained compliance with the listing requirements for Nasdaq, and are laser focused on the integration of Grace Therapeutics, which is progressing seamlessly. We could not be more excited by the outlook for the business and are working aggressively to advance our clinical pipeline of late-stage drug candidates focused on rare diseases that address significant markets with unmet medical needs. We believe our approach of customizing the formulation of marketed drugs in new ways-backed by more than 40 granted and patents pending in various jurisdictions-significantly de-risks our clinical programs. Specifically, these drug candidates are designed to achieve faster onset of action, enhanced efficacy, reduced side effects, and more convenient drug delivery. Our confidence is further reinforced by the fact that all three of our lead programs have received Orphan Drug Designation from the U.S. Food & Drug Administration, which offers a number of regulatory, cost and timing benefits. We look forward to providing continual updates on our clinical and regulatory progress in the weeks and months ahead."
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F | Hot Stocks08:34 EDT Ford, Redwood Materials partner on battery recycling, supply chain for EVs - Ford and Redwood Materials announced they are working together to build out battery recycling and a domestic battery supply chain for electric vehicles, or EVs. Ford and Redwood's goal is to make electric vehicles more sustainable, drive down the cost for batteries, and ultimately help make electric vehicles accessible and affordable for more Americans. Ford and Redwood are collaborating to integrate battery recycling into Ford's domestic battery strategy. Redwood's recycling technology can recover, on average, more than 95% of the elements like nickel, cobalt, lithium and copper. These materials can be reused in a closed-loop with Redwood moving to produce anode copper foil and cathode active materials for future battery production. By using locally produced, recycled battery materials, Ford can drive down costs, increase battery materials supply and reduce its reliance on imports and mining of raw materials. Longer-term, Ford and Redwood plan to work together on the best approach to collect and disassemble end-of-life batteries from Ford's electric vehicles for recycling and remanufacturing to help reduce the cost associated with battery repairs and raw materials to manufacture all-new batteries.
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FKWL | Hot Stocks08:33 EDT Franklin Wireless launches sub-6 5G mobile hotspot in conjunction with C Spire - Franklin Wireless announced that it is launching a new sub-6 5G mobile hotspot in conjunction with C Spire. All necessary certifications and approvals have been granted. Products will be available for use on C Spire's state-of-the-art 5G network beginning next month at competitive prices. Franklin's new mobile hotspot features dual connectivity, 4G LTE and the latest sub-6 5G mobile Broadband service combined with the advanced Wi-Fi6 local networking and USB tethering. Wi-Fi6 doubles the Wi-Fi bandwidth and allows multiple users to work, play, game, and enjoy 8K videos simultaneously without the delays of buffering. In addition, 2.4GHz/5Ghz dual Wi-Fi bands adds flexibility of dual connectivity and a separate guest network with added security. The new mobile hotspot is one of the smallest, lightest, and sleekest designs on the market.
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THG | Hot Stocks08:32 EDT The Hanover estimates Q3 catastrophe losses $150M-$165M - The Hanover Insurance announced preliminary estimate for Q3 catastrophe losses, based on information available to date, to be in the range of $150M-$165M before taxes, or $119M-$130M after taxes. The midpoint of the estimate is approximately $97M above the company's pre-tax Q3 catastrophe load, driven primarily by the effects of Hurricane Ida. Estimated losses from this storm are approximately $75M, before taxes, primarily stemming from losses in the Northeast and, to a lesser extent, the Gulf and Mid-Atlantic states.
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CMCSA CMCSK | Hot Stocks08:27 EDT Comcast seeking Peacock partnerships outside the U.S., says CEO Roberts
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CMCSA CMCSK | Hot Stocks08:23 EDT Comcast CEO Roberts: Hulu growing in value for shareholders
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BIOC | Hot Stocks08:22 EDT Biocept has implemented COVID-19 testing services at over 30 California colleges - Biocept announced it has implemented its COVID-19 testing services at more than 30 community college campuses across California. Since launching SARS-CoV-2 testing services for customers in June 2020, the company has received more than 570,000 samples for processing.
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PSTI | Hot Stocks08:20 EDT Pluristem CEO says developed 'reliable, stable' cell expansion platform - Pluristem Therapeutics issued an update to its shareholders from its CEO and President Yaky Yanay. Yanay said, " Less than three months into a new fiscal year, there are several important developments on the horizon for Pluristem, including four studies heading to clinical readout in the coming quarters. These studies align with our mission to develop novel cell therapy product candidates, built using Pluristem's advanced technology. During the coming year, we expect to meet multiple clinical milestones, which represent significant potential for our cellular platform. First, our Phase I study evaluating PLX-R18 cells in subjects with incomplete hematopoietic recovery following Hematopoietic Cell Transplantationdemonstrated positive topline results as reported in April 2021, and we expect to present full data readout in the fourth quarter of this calendar year. We also expect to continue the development of the program and to initiate a Phase II study in hematological indication. Second, we expect topline results in the fourth quarter of this calendar year for both of our Phase II studies of PLX-PAD cells to treat acute respiratory distress syndrome associated with COVID-19 in the U.S., Europe, and Israel. Third, our Phase III study evaluating PLX-PAD cells to support muscle regeneration after hip fracture surgery has enrolled more than 95 percent of its patients and is expected to complete enrollment in October 2021. In the last decade, we have developed an automated and robust current Good Manufacturing Practice manufacturing platform for allogeneic cells originating from the fetal and maternal cells from the placenta. Using this platform, we can produce large quantities of high-quality cells suitable for a variety of applications and uses. The manufacturing platform enables us to develop targeted pipelines of cellular product candidates including induced or modified PLX cells: Induced PLX cells: These cells from the placenta are induced with different cytokines to transiently alter their secretion profile. Our first product candidate under this technology is PLX-R18. The positive data presented in the hematology study in April 2021 supports our approach of targeting cells with superior activity per indication. We expect to continue developing this platform for inducing cells and are in advanced development to complete additional targeted product candidates of this nature. Modified PLX cells using CRISPR technology: We are also working on integrating CRISPR's revolutionary genetic engineering technology to potentially engineer PLX cells with novel and targeted functionality. Combined with our placenta-derived cell manufacturing platform, Pluristem would use CRISPR technology to potentially develop a new class of ex vivo modified allogenic PLX cell therapy product candidates to address new indications. In short, we have developed a reliable, stable, and cost-effective cell expansion platform. We believe that using the placenta as a unique cell source combined with our innovative research, development, and high-quality manufacturing capabilities will be the engine that drives this platform technology towards the successful development of additional PLX cell therapy product candidates and indications.:
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CMCSA CMCSK | Hot Stocks08:17 EDT Comcast has bought wireless spectrum in 80% of company's footprint, says CEO
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SVFD | Hot Stocks08:16 EDT Save Foods completes lemon pilot tests in Spain - Save Foods announced that it completed a series of lemon treatment pilot tests in Spain, with a leading post-harvest service provider. The pilots, which are part of the Company's strategy targeting the EU as a prime market, were designed to evaluate the efficacy of Save Foods' products in controlling some of the main post-harvest plant diseases as well as reducing the use of fungicides which leave residue, such as Imazalil. The tests were specifically designed to meet the anticipated increase in EU regulatory restrictions with respect to the allowable levels of residual fungicide. The Provider that participated in the pilot indicated to Save Foods that preliminary results met the established milestones. As a result, the Company and Provider are discussing plans for a commercial-grade validation test to take place in the upcoming harvest season.
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CMCSA CMCSK | Hot Stocks08:15 EDT Comcast CEO sees 'a lot of runway' in business services
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CMCSA CMCSK | Hot Stocks08:15 EDT Comcast now has 33M broadband customers, says CEO Roberts
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THTX | Hot Stocks08:14 EDT Theratechnologies announces results for Trogarzo IV Push administration study - Theratechnologies announced that a study evaluating an intravenous push form of administration of Trogarzo for the treatment of human immunodeficiency virus type 1 infection achieved consistent and statistically significant results demonstrating that there was no difference in pharmacokinetics between IV Push and IV Infusion. Based on these results, a supplemental Biologics License Application is expected to be filed with the U.S. Food and Drug Administration in the fourth quarter of 2021. The TMB-302 study was conducted by the Company's partner, TaiMed Biologics, to evaluate the safety and comparability of the current Trogarzo IV Infusion mode of administration with a more convenient IV Push form of administration that can be infused within 30 seconds without dilution compared to the 15-minute infusion time of the original IV Infusion. The primary endpoint measuring a 90% confidence interval of the ratio of IV Push to IV Infusion was within the target value. The proportion of subjects with mean trough serum drug concentration equal or exceeding the target concentration was also the same for both forms of administration. Additionally, there were no serious adverse events observed and drug-related adverse events were considered mild to moderate. Secondary endpoints were also achieved confirming no difference in HIV-1 viral load due to the change from IV Infusion to IV Push. Additionally, there were no anti-Trogarzo antibodies or immunogenicity concerns of Trogarzo detected. Theratechnologies and TaiMed are currently evaluating an intramuscular method of administration for Trogarzo as part of the TMB-302 study with patient screening planned for the fourth quarter of 2021. The study will be conducted and funded by Theratechnologies with support from TaiMed. Under the terms of the agreement with TaiMed, Theratechnologies is entitled to commercialize the new IV Push and IM methods of administration of Trogarzo if, and when, approved.
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AKYA | Hot Stocks08:12 EDT Akoya Biosciences appoints Myla Lai-Goldman to board of directors - Akoya Biosciences announced the appointment of Myla Lai-Goldman, MD, a true pioneer and leader in the diagnostic industry, to its board of directors. Lai-Goldman is currently the Chair of GeneCentric Therapeutics, which she co-founded and previously served as CEO and President. She is also a venture partner with Hatteras Venture Partners and managing partner of Personalized Science, LLC, a diagnostic consulting company that she founded in 2008.
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CMCSA CMCSK | Hot Stocks08:12 EDT Comcast had 'terrific' second quarter, says CEO Roberts
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COWN | Hot Stocks08:10 EDT Cowen board of directors approves increase in share repurchase program to $50M - Cowen announced that its Board of Directors has approved an increase in the Company's existing share repurchase program. With this increase, the total amount now available for repurchase under the current plan is $50M.
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CERT | Hot Stocks08:10 EDT Certara announces new clinical science group for IDD division - Certara announced that it is expanding its Integrated Drug Development division with a new clinical science group, headed up by Philippa Marshall, M.D., Vice President of Clinical Science. The Company also appointed David Mitchell, Ph.D., as Senior Vice President of Strategic Engagement and added C. Glenn Begley M.D., Ph.D., and Colin Pillai, Ph.D., as Senior Scientific Advisors. Philippa Marshall, M.D., Vice President, Clinical Science, is a fellow of the faculty of pharmaceutical medicine at the Royal College of Physicians in the U.K. David Mitchell, Ph.D., Senior Vice President of Strategic Engagement, brings more than three decades of experience in the biopharmaceutical industry with deep expertise in clinical pharmacology and pharmacometrics. C. Glenn Begley, M.D., Ph.D., Senior Scientific Advisor, is a world-leading cancer drug development expert with more than 20 years of experience. Colin Pillai, Ph.D., Senior Scientific Advisor, has spent nearly 20 years in drug development in various leadership roles, where he has focused on applying mathematical models to decision making.
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PLAY | Hot Stocks08:10 EDT Dave & Buster's to launch NFT Digital Collectibles Prize program - Dave & Buster's announced the launch of its NFT Digital Collectibles Prize program to provide an experience to NFT collectors. Starting on September 27, Dave & Buster's NFT Digital Collectible coins and cards will be available in Dave & Buster's locations nationwide and can be claimed as prizes in exchange for tickets won. To commemorate the launch, the first collector to own every city card and game coin from the NFT Digital Collectibles Prize program will receive a 1 of 1 Super Master NFT and a $10,000 Dave & Buster's Power Card.
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CYDY | Hot Stocks08:09 EDT CytoDyn gets Brazil clearance for study of Covid IV, four dose treatment - CytoDyn announced that Brazil's regulatory authority, ANVISA or Agencia Nacional de Vigilancia Sanitaria, has approved the start of an additional Phase 3 CD16 clinical trial of leronlimab. The new clinical trial will focus on hospitalized COVID-19 patients in critical condition who require mechanical and invasive ventilation or Extracorporeal Membrane Oxygenation, ECMO. The trial will be carried out across 22 research centers with a total of 316 patients. An interim analysis will be conducted after 40% of the patients have been enrolled and have completed a 28-day trial. The first goal for this trial is to enroll 127 patients as soon as possible. The Academic Research Organization ARO Albert Einstein Israelite Hospital in Brazil will conduct the trial in coordination with CytoDyn and BIOMM, the Company's exclusive partner for the commercialization of leronlimab in Brazil. Nader Pourhassan, Ph.D., CytoDyn's President and Chief Executive Officer, commented: "We are excited about this news and what it means for leronlimab's potential ability to successfully treat critically ill COVID-19 patients in the future all over the world. We believe the IV treatment in this trial will have an enormous advantage over treatment via subcutaneous injections, which was the route of administration in our last COVID-19 trial in the US. Furthermore, in our CD12 study, the survival benefit in the critically ill population was 78% after the first-week post the first dose of leronlimab and 82% after the second week
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CYCN | Hot Stocks08:09 EDT Cyclerion announces publication of preclinical data on sGC simulator - Cyclerion Therapeutics announced a publication demonstrating that administration of a small molecule soluble guanylate cyclase, or sGC, stimulator reduced markers associated with neuroinflammation in multiple preclinical models. In preclinical research published in the Journal of Neuroinflammation, a small molecule sGC stimulator was shown to cross the blood-brain barrier and resulted in the stimulation of cGMP levels in cerebral spinal fluid, providing evidence of activation of the nitric oxide - sGC - cGMP pathway. Furthermore, pharmacological sGC stimulation resulted in a statistically significant decrease in the expression of several inflammatory genes, including TNF, CD40, Icam1, Cybb, and GFAP, in rodent models. These data suggest that CNS penetrant sGC stimulators, such as Cyclerion development candidates CY6463 and CY3018, could provide therapeutic benefit to individuals living with CNS diseases associated with neuroinflammation. "This research extends our understanding of the pharmacology of brain-penetrant sGC stimulation and provides further support for the potential of our investigational therapeutics to treat CNS diseases. These new preclinical data demonstrate that our approach is able to reduce neuroinflammation, which is widely considered to be a core contributor of many serious CNS diseases, including Alzheimer's disease," said Chris Winrow, Ph.D. Study Author and Head of Translational Medicine, Cyclerion Therapeutics. "A body of preclinical and clinical data supports the development of CY6463 and CY3018, our brain-penetrant sGC stimulators, and administration of CY6463 has been shown to result in positive clinical effects on multiple measures of brain neurophysiology. We are eager to advance our ongoing CY6463 clinical studies to meaningful data readouts to more fully understand the potential to provide individuals living with CNS diseases with a meaningful clinical benefit."
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QSR | Hot Stocks08:09 EDT Restaurant Brands commits to 50% greenhouse emission reduction by 2030 - Restaurant Brands will collaborate with franchisees and suppliers to pursue science-based targets for reducing greenhouse gas emissions by 50% by 2030. In addition, RBI has set a target to achieve net-zero emissions by 2050 or sooner. Achieving these targets would prevent an estimated 25.4 million metric tons of carbon dioxide equivalent emissions from being released into the atmosphere by 2030 as compared to a business-as-usual scenario.
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ONTX | Hot Stocks08:08 EDT Onconova announces preliminary data from Phase 1/2a trial of oral rigosertib - Onconova Therapeutics announced preliminary safety and efficacy data from an investigator-initiated Phase 1/2a trial of oral rigosertib plus the immune checkpoint inhibitor nivolumab in advanced KRAS mutated non-small cell lung cancer. The data, which are being featured in a presentation at the 3rd Annual RAS Targeted Drug Development Summit, support the potential anti-cancer activity of rigosertib-nivolumab combination therapy in this indication and show that the doublet has been well tolerated to-date. Three quarters of patients enrolled in the trial have failed two or more lines of prior therapy and all have failed immune checkpoint inhibitors in various combinations. Key data from the presentation include: Demographics: All enrolled patients failed at least one line of prior therapy with a PD-1 checkpoint inhibitor; 9 of 12 enrolled patients failed at least two prior lines of therapy. Response Results: 2 of 7 evaluable patients achieved a partial response; PRs were observed in patients with two distinct KRAS mutations; 3 of 7 evaluable patients achieved disease control; 4 of 7 evaluable patients experienced progressive disease. Adverse Event Results: The combination of rigosertib and nivolumab has been well tolerated and the maximum tolerated dose has not been reached to-date. Treatment related adverse events were mostly mild with two grade 3 adverse events. 3 patients discontinued study drug. No unexpected safety events or synergistic toxicities have been observed.
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ERAS | Hot Stocks08:07 EDT Erasca announces first patient dosed in HERKULES-3 trial evaluating ERAS-007 - Erasca announced dosing of the first patient in HERKULES-3, a Phase 1b/2 master protocol clinical trial evaluating ERAS-007 in combination with various agents in patients with gastrointestinal cancer, or GI, with initial focus on patients with advanced colorectal cancer, or CRC. "A major barrier to durable responses with current treatment regimens for GI cancers is the emergence of resistance mechanisms, which are often associated with reactivation of the MAPK pathway," said Jonathan Lim, M.D., Erasca's chairman, CEO, and co-founder. "We have developed HERKULES-3, our GI master protocol, to evaluate ERAS-007 in rational combinations to assess the possibility of reducing susceptibility to resistance and increasing durability of treatment. Initially focused on CRC subtypes with BRAF V600E, KRAS, or NRAS mutations, HERKULES-3 has the potential to address over half of patients with CRC and could be further expanded into other GI cancers with additional combinations." HERKULES-3 will examine the safety, tolerability, and preliminary efficacy of ERAS-007 in combination with other cancer therapies in study participants with GI malignancies. The dose escalation portions of the first two sub-studies will assess ERAS-007 in combination with the current standard of care, encorafenib and cetuximab, in patients with BRAF V600E-mutant mCRC, and ERAS-007 in combination with the CDK4/6 inhibitor palbociclib in patients with KRAS- or NRAS-mutant mCRC.
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DNMR | Hot Stocks08:06 EDT Danimer Scientific, CPChem team up on loop slurry reactor design for Rinnovo - Danimer Scientific announced it is collaborating with Chevron Phillips Chemical, or CPChem, to explore a loop slurry reactor design for the manufacture of Rinnovo. Rinnovo is a type of polyhydroxyalkanoate, or PHA, synthesized from lactones produced using Danimer's proprietary Novo22 catalyst technology that can be used in the production of biodegradable alternatives to traditional plastics. Through this collaboration, Danimer will evaluate the use of CPChem's loop slurry reactor design to develop a continuous reactor system in the manufacturing process for Rinnovo. If successful, this reactor design is expected to increase utilization of future manufacturing plants, drive higher production volumes and lower overall costs, as compared to the polymerization reactor design currently used in the production of Rinnovo.
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CDAY | Hot Stocks08:06 EDT Ceridian to participate in investor group meeting hosted by Baird - Ceridian HCM Holding announced that David Ossip, Chair and CEO, alongside Ceridian management will participate in an investor group meeting event hosted by Baird on Thursday, September 23, 2021 at 1:00 p.m. Eastern Time. The purpose of the event will be to discuss Ceridian's selection by the Government of Canada to deliver the design and experimentation phase of the Next Generation Human Resources and Pay pilot.
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KTRA | Hot Stocks08:06 EDT Kintara Therapeutics reports Phase 2 results of VAL-083 in GBM - Kintara Therapeutics announced topline data results from the newly-diagnosed adjuvant arm of its open-label, Phase 2 clinical study. The Phase 2 trial was a two-arm study testing VAL-083 in glioblastoma multiforme patients who have an unmethylated promoter of the methylguanine DNA-methyltransferase gene. Previous topline data results provided safety and efficacy data to support the continued evaluation of VAL-083 as a treatment option for GBM. The newly-diagnosed adjuvant arm of the study addressed GBM patients requiring adjuvant therapy after chemoradiation with temozolomide. Progression Free Survival for the 36 efficacy evaluable patients is 10.0 months. Historical data for this patient population has demonstrated PFS of 5.3-6.9 months. Median overall survival for the 36 efficacy evaluable patients is 16.5 months, historical data has demonstrated mOS of 12.7-16.0 months. Myelosuppression was the most common adverse event. One patient experienced a serious adverse event possibly related to VAL-083. The FDA granted Fast Tracj Designation for VAL-083 in recurrent GBM.
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CMCSA CMCSK | Hot Stocks08:05 EDT Comcast CEO 'feels great' about company's momentum - Chairman and CEO Brian Roberts is speaking at the Goldman Sachs Communacopia Conference.
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RDUS | Hot Stocks08:05 EDT Radius Health announces update to TYMLOS label - Radius Health provided a business update. Effective September 20, 2021, the following sentence was added to the MOA section of the TYMLOS label: "Once-daily administration of abaloparatide stimulates new bone formation on trabecular and cortical bone surfaces by stimulation of osteoblastic activity." This addition is based on the findings from the Company's histomorphometry study that was published in the Journal of Bone & Mineral Research in April 2021. Growing the abaloparatide franchise's commercial business is a major focus of the Company. To that end, Radius has added Danielle Holtschlag as the new Head of Sales. Danielle has over 20 years of commercial leadership experience including 7+ years at Genzyme where she created an inside out sales approach. This effort balances centralized sales coverage with regional representation. Danielle will report directly to Kelly Martin, CEO of Radius. Sal Grausso will take on a new role leading the Company's Patient Access Group. In this role, Sal and his team will focus on the completeness of the TYMLOS patient journey including patient support and product access. PAG will also lay groundwork for patient support and market access for the RAD011 franchise. Throughout July and August, Radius added 3,002 new TYMLOS patients, up 13% compared to 2,664 new patients added during the same period in 2020.
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MPAA | Hot Stocks08:04 EDT Motorcar Parts unit in strategic distribution pact with TECTRA - Motorcar Parts of America announced its wholly owned subsidiary D&V Electronics, based in Woodbridge, Ontario, has established a non-exclusive strategic distribution partnership with TECTRA a.s. to leverage this Prague-based organization's position in the European testing solutions market. "The partnership enhances our presence within the Czech Republic and leverages D&V's reputation for leading-edge testing and diagnostic equipment utilized in the development and production of electric vehicles," said Selwyn Joffe, chairman, president, and chief executive officer.
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LCID | Hot Stocks08:04 EDT Lucid Group up 3% in pre-market trading at $27.62 per share - Shares of SmileDirectClub are up about 3% at $27.62 in pre-market trading following yesterday's 11.4% advance. The stock is the highest trending ticker on WallStreetBets Reddit thread and is also in the top-5 on StockTwits in terms of message volume over the past 24 hours.
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KLTR ORCL | Hot Stocks08:04 EDT Kaltura selects Oracle Cloud Infrastructure to accelerate its global expansion - Oracle (ORCL) announced that Kaltura (KLTR) selected Oracle Cloud Infrastructure to support its growth and accelerate its global expansion. To meet fast-growing demand in the enterprise video market, Kaltura will deliver its Video Experience Cloud on OCI to power real-time, live, and on-demand video experiences to customers around the world. In addition, Kaltura and Oracle are extending their strategic OEM partnership to make the full range of Kaltura video capabilities and experiences such as video content management, live streaming, real-time conferencing, interactive video paths, and visual marketing available across Oracle Cloud.
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CEMI | Hot Stocks08:04 EDT Chembio Diagnostics announces EUA submission for DPP Respiratory Antigen Panel - Chembio Diagnostics announced the submission of an Emergency Use Authorization, or EUA, application to the Food and Drug Administration for the company's DPP Respiratory Antigen Panel test system. The DPP Respiratory Antigen Panel test system is designed to provide simultaneous, discrete, and differential detection of Influenza A, Influenza B, and SARS-CoV-2 antigens from a single patient sample using a simple nasal swab. "Our DPP Respiratory Antigen Panel test system represents an additional differentiated offering among our COVID testing portfolio that can help clinicians at decentralized testing locations gain essential information about a patient's infection status in only 20 minutes. COVID-19 infection rates are rising as we approach the flu season, and it is critical for clinicians to be able, at the point of care, to quickly triage respiratory infection patients with symptoms common to both COVID and flu infections and then administer the proper treatment regimen," said Richard Eberly, Chembio's President and Chief Executive Officer. "We believe this approach, as recommended by the U.S. Centers for Disease Control and Prevention, can save both time and resources. We are thankful for BARDA's support and guidance throughout the development and evaluation of this test system." The DPP Respiratory Antigen Panel test system was developed with funds and support as part of a $12.7M contract awarded by Biomedical Advanced Research and Development Authority, part of the Office of the Assistant Secretary for Preparedness and Response at the U.S. Department of Health and Human Services.
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AAWW FDX | Hot Stocks08:02 EDT Atlas Air announces new ACMI contract with FedEx - Atlas Air Worldwide (AAWW) announced its subsidiary Atlas Air has entered into a long-term agreement with FedEx (FDX) to provide two 747-400 freighter aircraft on a full-time aircraft, crew, maintenance and insurance, or ACMI, basis. This new agreement is in addition to the company's existing multi-year peak season contract that provides FedEx with a minimum of five aircraft during the fourth quarter. Both 747-400 freighters have entered service and are flying on behalf of FedEx to support their growing express and e-commerce network. "We are pleased to grow our long-term relationship with FedEx. This agreement reflects the continued strong demand for airfreight capacity, particularly in the express and e-commerce markets," said John Dietrich, President and Chief Executive Officer of Atlas Air Worldwide. "Atlas is a leader in supporting express networks, with a focus on operating the most modern, fuel-efficient aircraft to deliver high levels of on-time performance for our customers."
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LEGO | Hot Stocks08:02 EDT Legato Merger Corp. announces date for meeting to approve Algoma combination - Legato Merger announced that its Special Meeting of Stockholders has been set for October 14, 2021 at 11:00 a.m.EST. Stockholders of record as of August 18, 2021 are eligible to vote at the Special Meeting to consider the previously announced business combination with Algoma Steel Group, a fully integrated producer of hot and cold rolled steel products including sheet and plate.
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INO | Hot Stocks08:01 EDT Inovio receives Mexican authorization to conduct Phase 3 trial of INO-4800 - Inovio announced that it has received authorization from COFEPRIS, the national health regulatory agency of Mexico, to conduct a clinical trial in that country as part of the Phase 3 segment of INOVIO's global Phase 2/3 trial, INNOVATE, for its DNA vaccine candidate for COVID-19, INO-4800. INOVIO is working with its partner Advaccine Biopharmaceuticals Suzhou Co., Ltd. on the INNOVATE Phase 3 segment in multiple countries. INOVIO recently announced that it has received regulatory authorization to proceed with Phase 3 clinical trials in Brazil and the Philippines and is seeking authorization to conduct trials in additional countries.
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DPRO | Hot Stocks07:48 EDT Draganfly selected as exclusive manufacturer for Valqari Drone Delivery Stations - Draganfly announced that it has entered into an exclusive manufacturing agreement with Valqari to produce Valqari's Drone Delivery Stations. Valqari is focused on solving the "last inch" logistic problems associated with drone deliveries. The Valqari Delivery Station is a patented universal drone receptacle for package delivery and pick-up. It will allow Valqari to revolutionize drone deliveries for industries including pharmaceuticals, meal delivery, grocery services, governments, and residential e-commerce. As per the terms of the announced agreement, Draganfly will be the exclusive manufacturer and assembler of the Delivery Stations. According to the Drone Package Delivery Global Market Report 2021, the global drone package delivery market is expected to grow to nearly $1B in 2021 at a compound annual growth rate of 45.5%. In 2025, the market is expected to reach US$4.4 billion at a CAGR of 45.1%. Valqari's seven and a half-feet high stations can accommodate packages up to 12"x12"x9". They accept winched packages, hover-dropped packages as well as pickups and deliveries from landed drones and traditional methods. As per the manufacturing agreement, Draganfly will be the exclusive manufacturer of Valqari's Drone Delivery Stations. Valqari will be ordering at least $400,000 of manufacturing services during the initial phase of the Agreement.
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BIIB | Hot Stocks07:44 EDT Biogen falls after STAT says just over 100 patients on Aduhelm as of Sept. 11
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BIIB | Hot Stocks07:43 EDT Biogen sinks 4% STAT says just over 100 patients on Aduhelm as of Sept. 11
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TDOC | Hot Stocks07:42 EDT Cathie Wood's ARK Investment bought 189K shares of Teladoc on Tuesday
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COIN | Hot Stocks07:41 EDT Cathie Wood's ARK Investment bought 109K shares of Coinbase on Tuesday
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ROKU | Hot Stocks07:40 EDT Cathie Wood's ARK Investment bought 84K shares of Roku on Tuesday
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ZM | Hot Stocks07:39 EDT Cathie Wood's ARK Investment bought 99K shares of Zoom Video on Tuesday
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DRNA | Hot Stocks07:38 EDT Dicerna appoints Rob Ciappenelli as Chief Strategy Officer - Dicerna Pharmaceuticals announced the appointment of Rob Ciappenelli as Chief Strategy Officer, the promotion of Marc Abrams, Ph.D., to Senior Vice President, Discovery Research and the addition of Kristen Sheppard to Dicerna's executive leadership team as Senior Vice President, Investor Relations and Corporate Communications. "As we advance our innovative pipeline and position Dicerna for the next phase of growth, we believe these new executive appointments reinforce our strong focus on operational execution across our organization and the effective communication of Dicerna's performance and strategy to all our stakeholders," said Douglas Fambrough, Ph.D., President and Chief Executive Officer at Dicerna. "I am excited to welcome Kristen to our executive management team and look forward to Rob's and Marc's additional leadership in furthering Dicerna's mission as a biopharmaceutical leader in RNAi innovation."
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PTGX | Hot Stocks07:38 EDT Point72 Asset Management reports 9.1% passive stake in Protagonist Therapeutics - Point72 Asset Management disclosed a 9.1% stake in Protagonist Therapeutics, which represents over 4.3M shares. The filing does not allow for activism.
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SLRX | Hot Stocks07:37 EDT Salarius Pharmaceuticals, Fox Chase Cancer Center launch partnership - Salarius Pharmaceuticals announced a research partnership with the Cancer Epigenetics Institute at Fox Chase Cancer Center. The research, to be carried out by the laboratory of Johnathan Whetstine, PhD, the institute's director, will help identify new indications and potential biomarkers for Salarius' lead drug candidate, seclidemstat. Seclidemstat is a novel, oral, reversible inhibitor of lysine-specific histone demethylase 1, also referred to as LSD1, an enzyme that plays a key role in the development and progression of several cancers. Therapies designed to inhibit LSD1's cancer-promoting activity represent a growing field of research. Salarius believes seclidemstat uses a unique approach compared to other LSD1 inhibitors now in development by simultaneously targeting the enzymatic activity of LSD1 and its scaffolding properties, creating a dual mechanism of action that could provide differential therapeutic activity in several cancer types, including solid tumors. To date, the therapeutic activity of LSD1 inhibitors in clinical development has largely been confined to hematological cancers and myeloproliferative neoplasms. A Phase 1/2 clinical trial is now underway exploring seclidemstat as a therapy for sarcomas. This trial is treating patients with myxoid liposarcoma and other FET-rearranged sarcomas with single-agent seclidemstat and evaluating seclidemstat in combination with the chemotherapy agents topotecan and cyclophosphamide as a potential second- and third-line therapy for Ewing sarcoma, a deadly pediatric bone cancer. Recently, Salarius' clinical program for seclidemstat expanded into hematologic cancers, with the MD Anderson Cancer Center in Houston initiating a Phase 1/2 clinical trial studying seclidemstat in combination with azacytidine in myelodysplastic syndromes and chronic myelomonocytic leukemia. "This is an exciting opportunity to advance our development of seclidemstat by harnessing the scientific expertise of a renowned cancer research center and one of the rising stars in the field of LSD1 inhibition," stated David Arthur, Chief Executive Officer of Salarius Pharmaceuticals. "To have Fox Chase and a scientist of Dr. Johnathan Whetstine's caliber involved in this project is a strong validation of our work with seclidemstat. With the help of Fox Chase Cancer Center and Dr. Whetstine, our ultimate aim is to bring new treatment options and hope to more patients and their families fighting hard-to-treat cancers."
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MINM | Hot Stocks07:36 EDT Minim, Irdeto announces expansion of Trusted Home solution to DStv subscribers - Minim and Irdeto announced the expansion of its Trusted Home solution to DStv subscribers of MultiChoice Group. MultiChoice delivers DStv and other channels to more than 20 million households across 50 countries in Africa. MultiChoice now offers DStv Internet, a fixed wireless access service, that enables subscribers to connect to the internet with a SIM card and WiFi router. This significantly expands the audience for those who do not have fiber connectivity in their residential area.
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FREQ | Hot Stocks07:35 EDT Frequency Therapeutics reports data from FX-322-111 open-label study - Frequency Therapeutic announced that four additional sensorineural hearing loss, SNHL, subjects from its FX-322-111 open-label study achieved statistically significant hearing improvements when evaluated 8 to 12 months following initial dosing. Including the five initial responders, there are now a total of nine subjects that participated in the FX-322-111 study that have been shown to have statistically significant improvements in word recognition scores, a key measure of speech perception, at time points between 90 days and one year. These new results suggest that the hearing of individuals administered with a single dose of FX-322 may improve over extended periods. The longer-term measures of their treated ear demonstrated word recognition score improvements when compared to pre-treatment baseline levels and no significant changes were detected in their untreated ears. Of the five subjects that had a statistically significant response at day-90, the four that returned for evaluation had scores that remained above their baseline word recognition measures, though were below the threshold for statistical significance. FX-322 is Frequency's lead product candidate for the treatment of acquired SNHL, which is the primary cause of more than 90 percent of all cases of hearing loss. FX-322 is designed to regenerate auditory sensory hair cells located in the cochlea within the inner ear and to potentially restore hearing in individuals with SNHL...An overview of the FX-322-111 study will be shared in a late-breaking scientific presentation titled, A Second Independent Phase 1b Demonstrates Hearing Improvement with FX-322, at the American Academy of Otolaryngology - Head and Neck Surgery Annual Meeting and OTO experience, on October 4 .
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CRTD | Hot Stocks07:34 EDT Creatd unveils first NFT art release - Creatd announced the debut of its NFT (non-fungible token) art, with an initial release featuring six works of NFT art from the OG Collection. The OG Collection is a library of over 150,000 photographs, illustrations, videos, and other media content originating from the archives of Bob Guccione, once the CEO of General Media and owner of publications including Penthouse, Viva, OMNI, and Longevity. The assets of OG Collection, which is wholly owned by the company, were preliminarily valued in 2016 at between $6M-8M, excluding licensing and copyright opportunities. Beginning September 22, the company has made its first six NFTs available for purchase via auction through Rarible, with the auction set to open at 10:30 AM EST, and close on September 30 at 11:59 PM EST.
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RVLGF | Hot Stocks07:34 EDT Revival Gold completes initial stage of 2021 heap leach test work program - Revival Gold announces completion of the initial stage of the Company's 2021 heap leach metallurgical test work program for the Beartrack-Arnett Gold Project located in Idaho, USA. The work is being performed by SGS Lakefield under the direction of metallurgical staff from Revival Gold's engineering consultant, Wood. Sample material, consisting of 1.94 tonnes of material from Beartrack and 0.80 tonnes of material from Arnett, was delivered to SGS in June 2021. The first stage of the test work program included head analysis, acid base accounting and bottle roll tests. The second stage of the program consists of column tests and will commence this month. The primary goal of the test work program is to optimize Beartrack-Arnett heap leach recoveries and build on previous test work used in Revival Gold's 2020 phase one heap leach Preliminary Economic Assessment. Results will be used to establish recovery parameters for a heap leach Pre-Feasibility Study, which is scheduled to be completed by Wood in the second half of 2022. Bottle roll tests were undertaken at three crush sizes, with nine tests per size, for a total of 27 tests. The effect of crush size on overall gold recovery was evaluated. Test results are summarized below in Tables 1 and 2 with gold grades and recoveries reported on a fire assay basis. While these results do not represent the ultimate gold extraction levels to be used in the PFS, they are generally consistent with, or more favourable than, recovery assumptions used in the PEA. The second stage of Revival Gold's metallurgical test work program will consist of twelve standard column tests including tests on Beartrack oxide, transition and sulphide mineralization, and Arnett oxide gold mineralization. The tests will also include the evaluation of a mixed sample consisting of 50% Beartrack oxide and 50% Beartrack sulphide material. Column tests will be undertaken over 120-day, 180-day, 240-day and 360-day periods. The total program will require one year to complete. The longer test periods are intended to capture the effect of blending transition and sulfide mineralization into the leach pads with respect to metallurgical and environmental behaviour. Based on the results from the bottle roll tests reported above, columns were set to a P80 crush size of 38 mm. This size is consistent with the standard crushing system adopted in the PEA and will allow for optimal leach kinetics. The PEA featured Beartrack-Arnett mineralization amenable to gold recovery using standard cyanide heap leach processing. This first phase project encompasses less than one third of the available mineralized material in the overall project resource. The estimated average recovery of gold from the heap leach pad in the PEA was estimated to be 60% reflecting average recoveries of 87% for oxide material, 55% for transition material and 28% for sulfide material. Historical heap leach recoveries at the Beartrack Mine averaged approximately 70% of contained gold. Historical test-work on Arnett material indicated that the material tested is highly amenable to gold recovery by cyanide leaching. Tests were leached for 48 hours and resulted in gold extractions of 85-95%.
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ENVX | Hot Stocks07:33 EDT Enovix achieves milestone, US factory produces first battery cells - Enovix announced it achieved a major milestone-manufacturing battery cells from its first automated factory in Fremont, Calif. Additionally, the company announced it designed, fabricated and released pre-production quantities of a new cell design for Augmented Reality glasses for a top-tier consumer electronics company. "This is a major accomplishment for Enovix and I'm incredibly proud of our team," said Harrold Rust, Co-founder, President and Chief Executive Officer of Enovix. "Manufacturing the first cell off of our automated line is proof that our machine set is ready for production. It's the culmination of years of long hours, dedication and hard work from our world-class team and it's further proof that we are on track to meet our goal of not only delivering a battery with up to 110% greater energy density, but also we're on target for commercial production in Q1 2022 and first product revenue in Q2 2022." The first cell off the line is a manufacturing achievement that requires more than 25 machines to work in concert. The Enovix factory uses both established lithium-ion battery manufacturing equipment, including electrode fabrication and the majority of battery packaging and formation, as well as the Company's proprietary roll-to-stack cell assembly, a precise, high-speed replacement for conventional lithium-ion wound cell assembly. This enables its roll-to-stack production tools to "drop in" to existing lithium-ion battery manufacturing lines and increase watt-hour capacity.
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AXON | Hot Stocks07:33 EDT Axon receives Taser order from Puebla Municipal Police, Mexico - Axon announced that Puebla Municipal Police Department will equip officers with Taser conducted electrical devices. Puebla Police joins Monterrey Police Department in Taser device expansion in Mexico.
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IMBI | Hot Stocks07:13 EDT iMedia Brands to acquire 123tv for $95M, earn-out potential an additional $50M - iMedia Brands announced that on September 22nd it signed a purchase agreement to acquire 123tv for an enterprise value of approximately $95M, with an earn-out potential for an additional $50M based upon achievement of certain target revenues. The transaction is subject to customary closing conditions, including German governmental and Austrian merger control approvals, as well as a financing condition, and the Company expects to close the transaction in the fourth quarter of 2021. "We believe gamification of consumers' emotion-based shopping experience is the ultimate disruption to the status quo," said Tim Peterman, CEO of IMBI. "123tv's entrepreneurial team with their proprietary technologies are experts in this shopping disruption and iMedia is humbled by the trust of 123tv's primary shareholder, Stefan Eishold of ARCUS Capital AG, that enables iMedia to help 123tv accelerate its growth plan, which we believe can include disrupting digital shopping marketplaces here in the United States."
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VIEW | Hot Stocks07:11 EDT View Inc. Smart Windows installed at NTT's newly opened hub - View announced its smart windows have been installed at NTT's new innovation headquarters, the NTT OneVision Center, in Sunnyvale, CA, which formally opened this week. View Smart Windows use artificial intelligence to automatically adjust in response to outdoor conditions, increasing access to natural light and views of the outside while controlling temperature and glare. View Smart Windows have been shown to reduce building energy consumption from lighting and HVAC by up to 20%, helping the LEED Platinum building achieve a NetZero rating. In addition, by eliminating glare, View Smart Windows also increase the amount of usable floor space. "View is on a mission to transform buildings into smart, connected environments that improve human health and address climate change," adds Dr. Rao Mulpuri, Chairman and CEO of View. "NTT is a global leader in the Internet of Things and we are thrilled to help them showcase how smart buildings can improve employee wellbeing and enhance environmental sustainability."
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DVAX | Hot Stocks07:10 EDT Dynavax: Clover reports 'positive' data for COVID-19 vaccine candidate - Dynavax Technologies announced that Clover Biopharmaceuticals reported positive data for their protein-based COVID-19 vaccine candidate, SCB-2019 adjuvanted with Dynavax's CpG 1018 adjuvant, which achieved the primary and secondary efficacy endpoints in SPECTRA, a global pivotal Phase 2/3 clinical trial that enrolled over 30,000 participants. Vaccine efficacy was successfully demonstrated in an environment where 100% of SARS-CoV-2 strains observed in the efficacy analysis were variants. Clover reported the following data from their Phase 2/3 SPECTRA trial in a press release issued September 22, 2021. SCB-2019 demonstrated 100% efficacy against severe COVID-19 and hospitalizations and 84% efficacy against moderate-to-severe COVID-19 caused by any strain of SARS-CoV-2. SCB-2019 demonstrated 79% overall efficacy against COVID-19 of any severity caused by the globally dominant Delta variant. Efficacy was 92% against the Gamma variant and 59% against the Mu variant, and collectively these three strains comprised 73% of all strains identified in the study. Overall efficacy was 67% against COVID-19 of any severity caused by any strain in the study, successfully meeting the primary endpoint of the trial. Clover's vaccine candidate is one of the first to demonstrate significant efficacy against Delta in a double-blind, randomized clinical trial. SCB-2019 demonstrated a favorable safety profile. Severe and serious adverse events were infrequent and balanced between vaccine and placebo groups. Solicited local AEs were mostly mild and transient cases of pain at the injection site and decreased in frequency after the second dose. Importantly, the frequency of solicited systemic AEs monitored were similar between vaccine and placebo groups.
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TIGO | Hot Stocks07:10 EDT Millicom announces early participation results for exchange offer - In connection with its previously-announced offer to exchange its outstanding 6.625% Senior Notes due 2026 for 4.500% Senior Notes due 2031, Millicom International Cellular announces the results as of the Early Participation Date and increases the Maximum Acceptance Amount for the Exchange Offer to accept all 2026 Existing Notes that were validly tendered and not validly withdrawn by the Early Participation Date. The Early Participation Date with respect to the Exchange Offer occurred at 5:00 PM, New York City time, on September 21, 2021. According to information provided by D.F. King, the information and exchange agent for the Exchange Offer, US$335,716,000 aggregate original principal amount of the Old Notes, were validly tendered and were not validly withdrawn prior to or at the Early Participation Date, resulting in the oversubscription of the Exchange Offer. As discussed in the offering memorandum related to the Exchange Offer, dated September 8, 2021, in February 2021, the Company redeemed 10%, or US$50 million, of the then-outstanding aggregate principal amount of the Old Notes, which amount was recorded by Euroclear, Clearstream and DTC as a prepayment of principal. In accordance with the procedures of Euroclear, Clearstream and DTC, book-entry positions of the Old Notes reflect the aggregate original issued principal amount and a pool factor of 90%. The Old Notes trade with the Pool Factor, which means the percentage of the US$500,000,000 aggregate original principal amount of the Old Notes that remains outstanding after the impact of the Company's optional redemption of US$50 million in Old Notes in February 2021, which equals 90%. References to the "original" principal amount of the Old Notes refer to the US$500 million aggregate original principal amount of the Old Notes issued in October 2018, or portions thereof, without giving effect to the Partial Redemption or the Pool Factor. Holders of the Old Notes validly tendered and not validly withdrawn by the Early Participation Date are eligible to receive $1,018.12 in principal amount of New Notes per US$1,000 in outstanding principal amount on the Old Notes validly tendered and accepted for exchange pursuant to the terms of the Offering Memorandum. The principal amount of New Notes to be issued in exchange for each US$1,000 outstanding principal amount of the Old Notes was calculated by dividing $1,053.75 of which US$31.05 constitutes an early participation payment, by $1,035.00. Concurrently with the Early Participation Date, the Withdrawal Date has also occurred. As a result, any Old Notes validly tendered on or after the date of the Early Participation Date may not be withdrawn, except in certain limited circumstances where additional withdrawal rights are required by law.
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SPIR | Hot Stocks07:08 EDT Spire Global teams with Myriota for IoT connectivity - Spire Global announced a partnership with Myriota a provider of secure, low-cost, and long battery life satellite connectivity for the Internet of Things . The partnership will leverage Spire Space Services to accelerate Myriota's global service deployment timeline, expanding the Myriota Network using Spire low-earth orbit nanosatellites. Myriota is the first large-scale, commercial, IoT-focused customer of Spire. Myriota will use Spire's existing satellite platform and continue to scale the Myriota Network as Spire deploys new satellites. Spire and Myriota plan to quickly ramp up Myriota's coverage to a global, low latency constellation, expanding Myriota's existing coverage in North America, Australia and New Zealand to other markets, including Europe. By leveraging Spire's proven constellation and global operations platform, Myriota expects to quickly and cost-effectively scale its IoT services to meet rising global demand. "With high demand for the Myriota Network from our partners, who are rolling out products at an ever-accelerating rate, this agreement is a game changer for our business," said Dr. David Haley, CTO and Co-founder, Myriota. "By leveraging Spire's constellation, Myriota will rapidly improve its services, and enter new markets such as Europe. Spire is a perfect partner for extending our global reach."
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ARCT | Hot Stocks07:08 EDT Arcturus Therapeutics receives Vietnam approval to continue ARCT-154 enrollment - Arcturus Therapeutics announced that it has completed dosing of 100 subjects for the Phase 1 portion of the ARCT-154 Phase 1/2/3 clinical trial, which consisted of a two-dose regimen with injections 28 days apart. The Vietnam Ministry of Health has reviewed the safety data following both injections in the Phase 1 part of the study and has given permission to proceed with enrollment of Phase 2 and Phase 3a. Recruitment of these cohorts is now progressing. Emergency Use Authorization filing in Vietnam could be as soon as December. The tolerability profile of ARCT-154 in the Phase 1 study was favorable. The Phase 2 and Phase 3a studies will evaluate safety and immunogenicity in an additional 900 subjects in total, and the subsequent Phase 3b will evaluate safety and efficacy in approximately 20,000 subjects.
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ELMS | Hot Stocks07:07 EDT Electric Last Mile Solutions secures 1,000 binding orders - Electric Last Mile Solutions announced that it has received a binding purchase order for 1,000 units of its Urban Delivery vehicle from its strategic distribution partner, Randy Marion Automotive Group. Start of production for the Urban Delivery took place on September 20 and the Company plans to ship its first units from its production facility in Mishawaka, Indiana on September 28. "From the outset, we stated that our goal was to deliver the first commercial Class 1 EV to the U.S. market, and with the start of production this week we will achieve that milestone," said ELMS CEO James Taylor. "This order is reflective of the work that we do with our customers and sales channel partners to understand and meet their unique business needs."
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OXBDF | Hot Stocks07:05 EDT Oxford Biomedica announce strategic investment by Serum Life Sciences - Oxford Biomedica announces that Serum Life Sciences has agreed to invest just over GBP50M in the Group in return for new ordinary shares representing 3.9% of the outstanding shares after the capital increase. The subscription price per new ordinary share to be paid by SLS is equal to the closing middle market price on Tuesday, 21 September 2021. The proceeds of the Transaction will be used to fund the development of the fallow area at Oxbox, the Group's 84,000 sq. ft manufacturing facility based in Oxford, UK, into a flexible advanced manufacturing space and the validation of several independent cGMP suites, expected to come online in mid-2023. Oxbox was constructed by the Group during 2019 and the first phase of development, totalling 45,000 sq. ft., consisted of four GMP manufacturing suites, two fill and finish suites and supporting areas such as warehouse, cold chain facilities and QC laboratories. Three suites are currently dedicated to producing COVID-19 vaccine at 1000L scale and one suite is producing lentiviral vector-based products for the Group's other partners. The remaining 39,000 sq. ft. will be developed using the proceeds of the Transaction to allow for flexible expansion and use. This is expected to include manufacturing capacity for viral vector-based products, including vaccines. The investment from SLS, a company which was set up to market coronavirus disease vaccines manufactured by Serum Institute of India, will allow Oxford Biomedica to continue to expand the capacity of the Group's world class facilities in anticipation of growing demand for the Group's world leading capabilities. Under the Subscription Agreement entered into by SLS and Oxford Biomedica in relation to the Transaction, SLS has agreed to subscribe for 3,382,950 new ordinary shares of 50 pence each in Oxford Biomedica at a price of GBP14.78 per share, amounting to an investment of GBP50,000,001. The Subscription Shares are to be issued on a non pre-emptive basis utilising the authority granted at the Group's 2021 AGM which allows Oxford Biomedica to issue ordinary shares free of pre-emption rights for the purposes of an acquisition or specified capital investment. Applications will be made for the Subscription Shares to be admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to be admitted to trading on the main market for listed securities of the London Stock Exchange. Admission of the Subscription Shares and completion of the Transaction is expected to take place at 8.00 a.m. on 27 September 2021.
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AMAL | Hot Stocks07:05 EDT Amalgamated Bank to acquire Amalgamated Investments for $98.1M in cash - Amalgamated Financial, the holding company for Amalgamated Bank, or AMAL, announced it has entered into a definitive agreement to acquire Amalgamated Investments Company, the holding company for Amalgamated Bank of Chicago, or ABOC, for approximately $98.1M, which includes an earnout of up to $1.1M, in an all-cash transaction. Although the two entities have Amalgamated in the name, AMAL and ABOC are not currently affiliated. The combination will allow AMAL to expand its geographic presence and further strengthen its financial position. As a larger platform with an established Chicago base, the combined company can better serve clients with expanded capacity. The company will also further diversify its risk and capitalize on operational and administrative cost synergies, offering the opportunity to invest in talent, products, and technology to benefit the valued customers and communities it serves. At the close of the transaction, which is targeted to occur by the end of the year, AMAL's President and CEO, Priscilla Sims Brown, will lead the combined company, and ABOC's current Chairman and CEO, Robert Wrobel, and its President, James Landenberger, will serve as transitional consultants to the combined company through December 31, 2022. Some members of ABOC's current board will join a new advisory board that will be established after the closing, bringing together the strong leadership of both banks' experienced local and national labor leaders.
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VSTM | Hot Stocks07:05 EDT Verastem appoints Louis Denis M.D Chief Medical Officer - Verastem Oncology announced the appointment of Louis J. Denis, M.D., as Chief Medical Officer. Dr. Denis brings more than 25 years of clinical development and oncology expertise to Verastem. "Louis' proven track record in drug development, including targeting the RAS pathway for treatment of cancer, and his background as a medical oncologist will be invaluable as we advance our registration-directed trials of VS-6766 and defactinib through the clinic," said Brian Stuglik, CEO of Verastem Oncology.
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IDEX | Hot Stocks07:04 EDT Ideanomics subsidiary finalizes follow-on order for 28 wireless chargers - Ideanomics subsidiary WAVE, a high-power inductive charging solution provider for medium- and heavy-duty vehicles, finalized a large, multi-million dollar purchase order from the Antelope Valley Transit Authority - AVTA - for 28 additional wireless charging systems. This order comes after the 2019 announcement that AVTA would become the first fully electric fleet powered by wireless chargers, a direct result of its partnership with WAVE. As the largest electric mass transit bus fleet in the U.S., AVTA currently serves a population of more than 450,000 residents in the cities of Lancaster and Palmdale as well as northern Los Angeles County, Calif. WAVE was wholly acquired by Ideanomics in January 2021.
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TSHA | Hot Stocks07:03 EDT Taysha Gene Therapies receives orphan drug designation for TSHA-102 from EC - Taysha Gene Therapies announced that it has been granted orphan drug designation from the European Commission for TSHA-102, an AAV9-based gene replacement therapy in development for Rett syndrome.
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BTCM | Hot Stocks07:01 EDT BIT Mining Limited to invest in cryptocurrency mining data center space in Ohio - BIT Mining Limited announced that it has entered into a membership interest purchase agreement and certain other auxiliary agreements with Viking Data Centers to jointly invest in the development of a cryptocurrency mining data center space in Ohio with access to power capacity of up to 85 megawatts, or MW. Development of the Ohio Mining Site is currently expected to be fully completed in February 2022. Pursuant to the agreements, the company will invest a total of $12.14M in the Ohio Mining Site, which will be jointly developed and operated through a joint venture with Viking Data Centers. Of the $12.14M consideration, $10.84M will be paid in cash and the remaining $1.3M payable to Viking Data Centers will be settled either in cash, or in the form of Class A ordinary shares, par value $0.00005 per share of the company, at the company's discretion. Upon execution of the agreements, the Company will hold a 51% equity interest in the Ohio Mining Site, and Viking Data Centers will hold the remaining 49%. The Ohio Mining Site will be developed in three phases, with 11MW in the first phase, 39MW in the second and the remaining 35MW in the third. The first, second and third phases are currently expected to be completed by October 15, November 15 and February 15, 2022, respectively. As part of its growth strategy, BIT Mining has been executing a robust plan to invest in, acquire and develop high-quality mining resources around the world. The Company has shipped 1,016 mining machines to the United States as of the date of this press release. Going forward, the Company plans to further strengthen its expansion efforts and accelerate its global development.
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CARR | Hot Stocks06:58 EDT Carrier Global to acquire Nlyte Software, terms undisclosed - Carrier Global announced that it has signed an agreement to acquire Nlyte Software. Nlyte helps customers manage their IT infrastructure and drives digital transformation of data centers. Its DCIM software provides centralized management of all data center resources. Nlyte will become part of Automated Logic, Carrier's building automation and controls business, within Carrier's HVAC segment. Carrier expects to close its acquisition of Nlyte in Q4 subject to customary closing conditions. The terms of the transaction were not disclosed.
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SAH | Hot Stocks06:58 EDT Sonic Automotive acquires RFJ Auto Partners - Sonic Automotive has entered into a definitive agreement to acquire RFJ Auto Partners. With 33 locations in seven states and a portfolio of 16 automotive brands, RFJ Auto generated $2.8B in annual revenues in 2020, making it a top-15 U.S. dealer group by total revenues. In addition to further diversifying Sonic's franchised dealership business, the transaction is expected to add $3.2B in annualized revenues, representing an incremental 30% increase in franchised dealership revenues above the company's previously stated target of $25B in total revenues by 2025. The RFJ Auto transaction is expected to close in December.
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ACM | Hot Stocks06:57 EDT Aecom to develop hydrogen-powered railway in central Italy - Aecom announced it has signed a memorandum of understanding with Spanish renewables group Iberdrola, and Italian partners Cinque International and Ancitel Energy and Environment, to upgrade Italy's historic Apennine diesel railway with hydrogen trains. This project aims to aid economic growth for the Apennine region. Aecom and its partners are working on four projects to support sustainable economic recovery in the region, which was badly affected by earthquakes in 2009 and 2016 and has suffered from decades of depopulation. Under the MOU, Aecom is leading engineering and program management, with Iberdrola acting as industrial partner.
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VGZ | Hot Stocks06:51 EDT Vista Gold reports final results from Phase 2 drilling at Mt. Todd, Australia - Vista Gold announced positive results for the two remaining holes in Phase 2 of the ongoing drilling program at the company's 100% owned Mt Todd gold project located in Northern Territory, Australia. CEO Frederick Earnest commented, "Phase 2 of our drilling program successfully achieved our primary objective of identifying multiple areas north of the Batman deposit where additional resources might be added most efficiently in the future. In all, we drilled 3,725 meters in this phase and intersected good intervals and gold grades in each hole. We have verified continuity of gold mineralization extending from the Batman deposit northeast over 1.4 km and down dip more than 400 meters...Hole VB21-012 was drilled to a total depth of 901 meters. The primary objective was to intersect the granite intrusive. From our drilling at Batman, we expected the intrusive to be present at a depth of approximately 800 meters". A portion of future work will focus on defining high-grade mineralization within the NXZN, which is open in all directions.
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NNVC | Hot Stocks06:50 EDT NanoViricides reports improved safety profile of remdesivir - NanoViricides reported on the advantages gained by remdesivir encapsulation within its lead COVID-19 candidate NV-CoV-2 thereby resulting in the dual-acting drug candidate NV-CoV-2-R with the promise of a potential pan-coronavirus cure. Almost double the amount of remdesivir remained intact in plasma when given as the encapsulated NV-CoV-2-R form, in comparison to the standard remdesivir formulation made in betadex sulfobutyl ether sodium, during the first day of dosing in a rat pharmacokinetics study. Additionally, remdesivir accumulation was observed on repeated dosing of NV-CoV-2-R. After the fifth dose of NV-CoV-2-R, in comparison to the standard remdesivir dosing pattern, the circulating level of intact remdesivir in plasma was 75% greater in the NV-Cov-2-R group as compared to the standard remdesivir group. The data were normalized to reflect the same amount of remdesivir given to the animals per kg body weight for uniform comparison. The assays were performed using the well-established isotopic internal standard method of remdesivir estimation with LCMS detection. The increased circulating level of intact remdesivir when given as NV-CoV-2-R encapsulated formulation without any increase in toxicity is significant. It can be expected to result in improved antiviral effectiveness of the remdesivir component in human usage of NV-CoV-2-R treatment. This is important because remdesivir is a highly effective drug in cell culture and pre-clinical studies but does not show clinical effectiveness in humans at levels that would be expected based on its cell culture efficacy because of its rapid metabolism. Additionally, there is very little margin to increase remdesivir dosing in its standard formulation because of dose limiting toxicity. NV-CoV-2-R was found to be less toxic than the standard remdesivir formulation in this study. At day 7, when a total of 80mg/kg remdesivir was dosed in the standard formulation, the body weight loss was approximately 9.5% in male and 9.5% in female animals. In contrast, when 80mg/kg of remdesivir was delivered as NV-CoV-2-R encapsulated formulation, at day 7, the weight loss was only approximately 3% in male animals and 1% in female animals which was the same as with the vehicle treatment reflecting injection trauma itself and no drug toxicity. These data demonstrate that the pan-coronavirus nanoviricide drug candidate NV-CoV-2-R decreases the loss of remdesivir to bodily metabolism in comparison to the standard formulation. The company anticipates that this stabilizing effect should lead to a highly effective pan-coronavirus drug that could potentially cure most cases of COVID-19 infection. Both remdesivir and NV-CoV-2 have demonstrated broad-spectrum activity against coronaviruses. Thus NV-CoV-2-R is expected to continue to be active in spite of evolution of novel variants of SARS-CoV-2. In contrast, antibody drugs and vaccines which induce antibodies lose effectiveness against variants. The more the variant drifts from the original strain, the less protection is offered by vaccines, and effectiveness of antibodies also diminishes significantly. This is now known to be occurring for current vaccines and antibodies during the global COVID-19 pandemic. NV-CoV-2-R combines the nanoviricides platform attacking the virus particle outside cells with remdesivir in attacking the virus reproduction inside cells. Additionally, the company believes that NV-CoV-2-R would be improving the effect of remdesivir by enabling a higher effective concentration of remdesivir in the body and sustaining this higher concentration for a substantially longer period of time, both compared to the standard formulation of remdesivir, as observed in this pharmacokinetic animal study. NV-CoV-2-R combines two different mechanisms of attack against the virus and therefore is expected to be substantially more difficult for the virus to evade than either NV-CoV-2 or remdesivir alone. This is important because scientists believe it is only a matter of time before variants of SARS-CoV-2 that evade current vaccines and antibody drugs become commonplace. Both NV-CoV-2 and remdesivir are expected to retain their effectiveness against variants of SARS-CoV-2. NV-CoV-2 has shown effectiveness against multiple unrelated coronavirus types. Remdesivir has been demonstrated to possess antiviral activity in cell culture against a large number of RNA viruses. The standard Veklury formulation of remdesivir in betadex sulfobutyl ether sodium helps with suspending remdesivir in solution, but does not appear to significantly improve upon the metabolic effects. In contrast, NV-CoV-2-R is an encapsulation approach wherein remdesivir would slowly leak out into the bloodstream from the polymeric nano-micelle over time, imparting protection against metabolism and sustained effective levels of the encapsulated drug component over a longer time period.
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LODE | Hot Stocks06:47 EDT Comstock Mining begins production at mercury and gold extraction facility - Comstock Mining and Mercury Clean Up announced that Clean Mercury Remediation Technologies, MCU's Philippine's joint venture, has received its remaining permit and commenced full operations in the venture's first commercial mercury remediation system in the province of Davao D' Oro, Philippines. Mercury-dependent ASGM uses a process known as amalgamation to dissolve gold from natural deposits. The amalgam is then typically isolated by hand and then heated to distill the mercury and isolate the gold. MCU's Davao D'Oro facility is designed to remediate mercury contamination from the entire local ecosystem, thereby reviving a 24 kilometer stretch of the Naboc River and restoring all of its downstream irrigation systems for safe use, while extracting and selling residual gold and cleaned sand, soil and gravel co-products for multiple revenue streams.
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IMUX | Hot Stocks06:37 EDT Immunic enters in-license deal with UMC Goettingen for DHODH inhibitors combo - Immunic announced the execution of an in-license agreement with the University Medical Center Goettingen, Germany, covering the combination of DHODH inhibitors and nucleoside analogues to treat viral infections such as COVID-19 and Influenza. Terms of the agreement were not disclosed.
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DNN | Hot Stocks06:33 EDT Denison Mines advances Wheeler River to feasibility study stage - Denison Mines announced that the Wheeler River Joint Venture, or WRJV, has approved the initiation of an independent feasibility study, or FS, for the In-Situ Recovery, or ISR, mining operation proposed for the Phoenix uranium deposit . David Cates, Denison's president and CEO, commented, "The ISR de-risking activities we've completed since the publication of the Pre-Feasibility Study ('PFS') for Wheeler River in 2018 have been designed to support the completion of a future Feasibility Study, and the results to date have further confirmed the technical viability of the Project - leading to the decision to advance the Project and initiate the formal Feasibility Study process. During this de-risking phase, we have been able to verify ore-body permeability and the leachability of high-grade uranium in conditions representative of an ISR mining setting. We've also engineered an improved containment design using a more conventional ground freezing approach. Based on the results of field programs and metallurgical lab testing completed over the last three years, we are confident that the Project is ready to advance into a full Feasibility Study. Taken together with the selection of globally recognized engineering firm Wood, the decision to launch the formal Feasibility Study process for Phoenix represents another important step towards achieving our objective of bringing low-cost ISR mining to the high-grade uranium deposits of the Athabasca Basin."
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ALLT | Hot Stocks06:10 EDT Allot Ltd.'s NetworkSecure solution selected by Italian broadband provider - Allot Ltd. announced that Italian broadband provider Eolo has decided to expand their Allot NetworkSecure capacity to meet the demand of a growing number of their fixed wireless consumer customers who are requesting cybersecurity services. To enable the growth in requests, Eolo has ordered an expansion of its software license from Allot. NetworkSecure is a network-based cybersecurity service platform, requiring no application installation by the end customer. With NetworkSecure, the service provider can offer its customers protection from cybersecurity threats, including malware, viruses, phishing and ransomware.
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PFE BNTX | Hot Stocks06:05 EDT Pfizer, BioNTech to supply additional 500M Covid vaccine doses to poor countries - Pfizer (PFE) and BioNTech (BNTX) announced plans to expand their agreement with the U.S. government by providing an additional 500M doses of the companies' COVID-19 vaccine at a not-for-profit price for donation to low- and lower-middle-income countries and the organizations that support them. This expanded agreement brings the total number of doses to be supplied to the U.S. government for donation to these countries to one billion. Consistent with the initial agreement, the U.S. government will allocate doses of the Pfizer-BioNTech COVID-19 Vaccine to 92 low- and lower-middle-income countries as defined by Gavi's COVAX Advanced Market Commitment and the 55 member states of the African Union. Deliveries of the initial 500M doses began in August 2021, and the total one billion doses under the expanded agreement are expected to be delivered by the end of September 2022. The current plan is to produce these doses in Pfizer's U.S. facilities located in Kalamazoo, MI, Andover, MA, Chesterfield, MO, and McPherson, KS.
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CRVS | Hot Stocks06:04 EDT Corvus Pharmaceuticals provides update on mupadolimab in viruses and tumors - Corvus Pharmaceuticals provided an update on its development programs in oncology and infectious disease for mupadolimab. Corvus is developing mupadolimab as a therapeutic for oncology indications and for infectious disease, starting with COVID-19. Results from its Phase 3 clinical trial of mupadolimab for COVID-19, which cover 40 patients enrolled in the trial prior to its voluntary discontinuation, suggest improvement in the primary and key secondary endpoints in patients treated with single doses of mupadolimab at 2mg/kg and 1mg/kg compared to placebo. No drug related adverse events were reported in the trial. The company believe there is mounting evidence that mupadolimab could become a universal treatment for viral diseases, with the ability to address immune escape from variants. The company plans to evaluate next steps with mupadolimab for COVID-19 as it explores partnership opportunities to continue its development as a therapeutic. Mupadolimab also is currently being studied in a Phase 1b/2 clinical study in patients with HPV+ oropharyngeal cancers and non small cell lung cancers that have failed previous treatment with anti-PD-1 therapy and chemotherapy. Data from the Phase 1b/2 clinical study has been accepted for presentation at the Society for Immunotherapy of Cancer annual meeting in November.
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ENLV | Hot Stocks06:02 EDT Enlivex Therapeutics doses first patient in Phase IIb trial of Allocetra - Enlivex Therapeutics announced the initiation of dosing in its multi-center, placebo-controlled, randomized, blinded, Phase IIb clinical trial evaluating Allocetra in severe and critical COVID-19 patients with acute respiratory distress syndrome. The Phase IIb trial is expected to recruit up to 152 severe or critical COVID-19 patients in clinical centers in Israel and certain European countries, and is designed to assess the safety and efficacy of Allocetra when administered in addition to standard-of-care treatment. The co-primary endpoints of the trial are ventilation-free survival and recovery for each of its two patient sub-populations. In addition, the trial will assess several secondary endpoints, including evaluation of long-COVID-19 symptoms. Top-line data from the trial are expected in the second quarter of 2022.
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NFLX SONY | Hot Stocks05:51 EDT Netflix confirms acquisition of Roald Dahl Story Company - Ted Sarandos, Co-CEO and Chief Content Officer at Netflix, and Luke Kelly, Managing Director, RDSC and Roald Dahl's grandson, said in a blog post that Netflix (NFLX) and the Roald Dahl Story Company are "joining forces to bring some of the world's most loved stories to current and future fans in creative new ways." "This acquisition builds on the partnership we started three years ago to create a slate of animated TV series. For example, Academy Award winning filmmaker Taika Waititi and Academy Award nominee Phil Johnston are now hard at work on a series based on the world of Charlie and the Chocolate Factory. In addition, we're working with Sony (SONY) and Working Title on an adaptation of Matilda The Musical. These projects opened our eyes to a much more ambitious venture - the creation of a unique universe across animated and live action films and TV, publishing, games, immersive experiences, live theatre, consumer products and more... These stories and their messages of the power and possibility of young people have never felt more pertinent." Reference Link
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AES VALE | Hot Stocks05:35 EDT AES Corp. CFO Gustavo Pimenta to depart, Stephen Coughlin to succeed - AES Corp. (AES) announced the appointment of Stephen Coughlin as executive VP and CFO, effective October 15. Most recently, Coughlin led AES' corporate strategy and financial planning groups, including serving as the chair of the company's investment committee. Coughlin succeeds Gustavo Pimenta, who will be joining Brazilian mining company, Vale (VALE), as CFO.
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AJRD | Hot Stocks05:32 EDT Aerojet Rocketdyne selected by NASA to build OME for Orion spacecraft - NASA has selected Aerojet Rocketdyne to build the Orion Main Engine, or OME, the primary propulsion element for NASA's Orion spacecraft that will be used to explore deep space. Under the contract, which runs through 2032, Aerojet Rocketdyne will deliver up to 20 new OME engines for use on future Artemis missions beginning with Artemis VII, or to support other NASA-sponsored, deep space exploration missions. The OME is a 6,000 pound-thrust bipropellant engine that is mounted on Orion's European Service module and will be built at Aerojet Rocketdyne's Los Angeles, California, and Redmond, Washington, facilities. The engine is used for major maneuvers in space, such as entering and departing lunar orbit, and in some mission abort scenarios. The first six Orion missions will use refurbished Orbital Maneuvering System engines that were provided by Aerojet Rocketdyne for the space shuttle program.
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HUN | Hot Stocks05:30 EDT Huntsman implements natural gas surcharge on MDI sales in Europe - Huntsman announced that it was implementing a natural gas surcharge of Euros 125 per ton on all sales of MDI in Europe, Africa, the Middle East and India, in response to the unfortunate and unprecedented natural gas price increases in the region. The surcharge will be effective October 1 and is in addition to any previously announced MDI price increases.
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LBTYA | Hot Stocks05:29 EDT Liberty Global to sell Poland operations to iliad subsidiary for $1.8B - Liberty Global announced it has reached a definitive agreement to sell 100% of its operations in Poland to iliad S.A.'s Polish mobile subsidiary Play. At June 30, networks in Poland passed 3.7M homes and served 1.5M customers who subscribed to 1.3M broadband, 1.4M video, and over 600,000 telephony services. Liberty Global has agreed to sell UPC Poland for a total enterprise value of $1.8B subject to customary debt and working capital adjustments at completion. The sale price represents a multiple of approximately 9x UPC Poland's estimated 2021 adjusted EBITDA, and nearly 20x its estimated 2021 operating free cash flow. Closing of the transaction is subject to satisfaction of customary closing conditions, including receipt of requisite regulatory approvals. The closing is currently expected to occur in the first half of 2022. Iliad S.A. is the parent company of the iliad Group, which operates under the trade names of Free in France, iliad in Italy and Play in Poland. Play is a consumer-focused mobile network operator in Poland with over 15 million subscribers. It provides mobile voice, messaging, data and video services for both consumers and businesses on a contract and prepaid basis under the umbrella brand Play. Its modern and cost-efficient 4G LTE/5G telecommunications network covers 99% of the Polish population. Proceeds from the sale are expected to be used for general corporate purposes, which may include reinvestment into our business and support for the company's significant, multi-year share buyback commitment. In conjunction with the transaction, Liberty Global has agreed to provide Play with certain transitional services for a period of up to four years. These services principally will be comprised of network and information technology-related functions. Annual charges will depend upon the actual level of services required by Play.
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ADXN | Hot Stocks05:25 EDT Addex Therapeutics to collaborate with CMTA on potential therapy for CMT1A - The Charcot-Marie-Tooth Association, or CMTA and Addex Therapeutics (ADXN) announced a collaboration to investigate a potential therapy for CMT type 1A, or CMT1A, the most common subtype of the disease, which affects approximately 1.5M people. The primary goal of the collaboration is to evaluate the benefit of Addex's proprietary positive allosteric modulator's targeting the gamma-aminobutyric acid subtype B, or GABAB, receptor in rodent models of CMT1A. The GABAB receptor has previously been shown to be instrumental in controlling the overexpression of Peripheral Myelin Protein-22, or PMP22, in a rat model of CMT1A. Elevated PMP22 is closely associated with the disabling peripheral neuropathy that accompanies CMT1A. The CMTA's strategy to accelerate research connects CMT clinicians and researchers with pharmaceutical partners committed to developing treatments and a cure for CMT.
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ITGR | Hot Stocks05:19 EDT Integer to construct new medical device, manufacturing facility in Ireland - Integer announced it will further expand its presence in Galway, Ireland, with the construction of a new medical device innovation and manufacturing facility in the Parkmore East area of Galway. This new facility is required to meet increased demand for regional research, development and manufacturing capabilities as well as capacity for catheters and delivery systems. It adds to Integer's 15 global manufacturing sites and current presence in Ireland, which includes an R&D center in Galway and manufacturing facilities in Galway and New Ross, County Wexford. The initial phase of the project will include construction of a 60,000 square foot facility on land purchased from IDA Ireland and involves a projected $30M investment over the next several years. Construction is anticipated to kick off in 2022, with an estimated completion in late 2023. Once complete, all new regional research, development and manufacturing will be housed in this facility, with equipment investments continuing over the following two to three. This initial phase will satisfy Integer's immediate space requirements in the region; however, the company has obtained planning permission for a total of 147,000 square feet for future expansion when needed. The company currently employs approximately 1,300 people in Ireland, with 350 located in Galway. The addition of the new Galway facility is projected to add an estimated 100-200 engineering, administration and manufacturing jobs to Integer over the next several years, while the design and construction activities are expected to employ several hundred third-party contractors in the Galway region.
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SIEGY ZS | Hot Stocks05:14 EDT Siemens, Zscaler partner on integrated Zero Trust Architecture solutions for OT - Siemens (SIEGY) and Zscaler (ZS) are partnering to enable customers to securely access operational technology, or OT, systems and applications in the production network from the workplace - whether in the office or working remote. These new capabilities enable users to remotely manage and control quality assurance or diagnoses issues. To ensure that the OT network is not exposed to any increased threat potential, Siemens and Zscaler have expanded the "Defense-in-Depth" OT concept secured by a Zero Trust Architecture. Based on the principle of "least-privilege access," Zero Trust only authorizes application-specific access based on verified user identity and context.
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LEA | Hot Stocks05:11 EDT Lear, Hu Lane Associate enter joint venture in Yangzhou - Lear announced it has signed a definitive agreement for a joint venture with Hu Lane Associate, a manufacturer of automotive connector products. Assuming expected regulatory approvals are obtained, the joint venture will be based initially in Yangzhou, China. It will immediately expand Lear's vertical integration capabilities to engineer and produce a portfolio of connection systems products for current and future vehicle architectures offered by global automotive manufacturers. Founded in 1977, Hu Lane has multiple sales offices throughout southeast Asia. It operates manufacturing operations in Nanjing and Dongguan, China, and in Hanoi, Vietnam. Lear and Hu Lane anticipate regulatory approval and the joint venture management to be appointed during the fourth quarter. Lear will own a majority equity interest in the joint venture and will consolidate its financial results.
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AMBA | Hot Stocks05:07 EDT Ambarella partners with Dongfeng Fengshen to build driver monitoring system - Ambarella announced that it partnered with Dongfeng Fengshen, a brand of the Dongfeng Motor Group, to build a driver monitoring system, or DMS, based on Ambarella's CV25 AI vision SoC and development platform. The first mass-production application of this system is in the Dongfeng Fengshen Yixuan Max, which launched on September 1.
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