Stockwinners Market Radar for September 23, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ZS | Hot Stocks20:33 EDT Zscaler to partner with TD Synnex - TD SYNNEX "announced a partnership with Zscaler which enables partners to purchase security solutions and services as part of the Zscaler Zero Trust Exchange platform directly from TD SYNNEX."
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NVAX | Hot Stocks20:26 EDT Lancet publishes phase 3 trial data for Novavax NanoFlu vaccine - Novavax "announced publication of complete results from a pivotal Phase 3 clinical trial of NanoFlu, its recombinant quadrivalent seasonal influenza vaccine candidate with Matrix-M(TM) adjuvant, in The Lancet Infectious Diseases. The trial evaluated the immunogenicity and safety of NanoFlu in older adults compared to a leading U.S.-licensed quadrivalent influenza vaccine. In the complete analysis, NanoFlu was well-tolerated and produced significantly enhanced humoral and cellular immune responses versus the comparator vaccine. Novavax previously announced that NanoFlu achieved the trial's primary endpoints, demonstrating non-inferior immunogenicity to Fluzone(R) Quadrivalent against all four influenza virus strains included in the vaccine, while also showing both enhanced wild-type hemagglutination-inhibiting antibody responses against homologous strains and six heterologous A/H3N2 strains as compared to Fluzone Quadrivalent. Additionally, NanoFlu showed potent induction of polyfunctional antigen-specific CD4+ T-cells against A/H3N2 and B/Victoria strains, with a 126-189% increase in various post-vaccination cell-mediated immunity markers as compared to Fluzone Quadrivalent."
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IVBXF | Hot Stocks20:21 EDT Innovent Biologics doses first patient in phase 2 trial of IBI112 - Innovent Biologics "announced that the first patient with moderate-to-severe plaque psoriasis has been successfully dosed in a Phase 2 clinical trial of recombinant anti-interleukin 23p19 subunit antibody injection in China. Study CIBI112A201 is a multicenter, randomized, double-blind, parallel, placebo-controlled Phase 2 clinical trial, evaluating the efficacy and safety of IBI112 at different doses administered subcutaneously in the treatment of moderate-to-severe plaque psoriasis. The primary objective of the study is to evaluate the efficacy of subcutaneous injection of IBI112 at different doses in Chinese subjects with moderate-to-severe plaque psoriasis. The safety of drugs and the difference of administration interval between different therapeutic regimens will also be investigated, so as to provide dose information for Phase 3 clinical studies. This is also the first Phase 2 clinical study of domestic innovative drugs targeting IL-23p19, which is a significant milestone."
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CVBF | Hot Stocks19:41 EDT CVB Financial announces termination of 10b5-1 stock repurchase program - CVB Financial announced that effective immediately it has terminated its 10b5-1 stock repurchase program in order to comply with Regulation M under the Securities Exchange Act of 1934, as amended. The termination is related to the announced acquisition by the Company and its principal subsidiary, Citizens Business Bank, of Suncrest Bank.
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PRXXF... | Hot Stocks18:40 EDT Nintendo unveils new 3D 'Kirby' title, new trailer for 'Bayonetta 3' - At its Direct event, Nintendo (NTDOY) made a number of new game announcements, Nintendo unveiled "Kirby and the Forgotten Land," out Spring 2022; a cloud version of "Dying Light 2" set to come to the console; more information on already announced titles "Metroid Dread," "Mario Party Superstars," "Splatoon 3," Square Enix's (SQNXF) "Triangle Strategy," and "Bayonetta 3"; new content updates "Mario Golf: Super Rush," "Animal Crossing: New Horizons," Capcom's (CCOEY) "Monster Hunter Rise," and "Hyrule Warriors Age of Calamity"; the "Castlevania Advance Collection" from Konami; a port of "Star Wars: Knights of the Old Republic"; and a "Shadowrun" trilogy release from Paradox (PRXXF).
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NTDOY | Hot Stocks18:35 EDT Nintendo announces expansion for Switch Online service, to include N64 games - At its Direct event, Nintendo made a number of new game and service announcements, including an expansion to its Nintendo Switch Online service that will include Nintendo 64 and Sega Genesis games. The expansion is set to launch in late October, and the company will offer compatible N64 and Genesis controllers for Switch.
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NTDOY... | Hot Stocks18:33 EDT Nintendo says animated 'Super Mario' film out holiday 2022 - At its Nintendo Direct presentation, Nintendo (NTDOY) said that its animated "Mario" film made by NBCUniversal's (CMCSA) "Illumination," will release in theaters in holiday 2022, with a U.S. release date of December 21, 2022. The film will star Chris Pratt as Mario, Anya Taylor-Joy as Princess Peach, Charlie Days as Luigi, Jack Black as Bowser, Keegan-Michael Key as Toad, and Seth Rogen as Donkey Kong.
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MCD | Hot Stocks18:31 EDT McDonald's raises quarterly dividend 7%, resumes share repurchases - McDonald's Board of Directors declared a quarterly cash dividend of $1.38 per share of common stock payable on December 15 to shareholders of record at the close of business on December 1. This represents a 7% increase over the company's previous quarterly dividend and brings the fourth quarter dividend payout to over $1B. The dividend increase reflects confidence in the Accelerating the Arches growth strategy and a continued focus on driving long-term profitable growth for all stakeholders. Additionally, the company announced the resumption of its share repurchase program. The company is committed to its capital allocation philosophy of reinvesting in the business to drive profitable growth and returning all free cash flow to shareholders over time through a combination of dividends and share repurchases.
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WYNN | Hot Stocks18:27 EDT Wynn Resorts CEO: I have a very bullish view on the future of Macau - In an interview on CNBC's Mad Money, Matt Maddox said Macau will be just like Las Vegas post-Covid. The demand for Macau is insatiable, he noted. According to Maddox, the recent moves by the Macau government to oversee the industry are practical, not punitive. Business in Las Vegas and Boston is incredibly strong, he said. "We've never experienced the type of business we're seeing now."
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GLD | Hot Stocks18:15 EDT SPDR Gold Shares holdings fall from 1,000.79T to 992.65MT - This is the lowest level of holdings since April of 2020.
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CE | Hot Stocks18:00 EDT Celanese lifts force majeure for certain acetyl chain products - Celanese announced that it has lifted force majeure for the following products in the Western Hemisphere: Acetic Acid; Ethyl Acetate; Acetic Anhydride; Methyl Acetate; Dimethylamine and Trimethylamine; Methyl Isobutyl Carbinol and Methyl Isobutyl Ketone; and Paraformaldehyde. Celanese declared force majeure on February 18 due to the impacts of extreme winter weather on its operations and supply chain in the U.S. Gulf Coast.
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CE | Hot Stocks17:59 EDT Celanese declares force majeure in China for certain acetyl chain products - Celanese Corporation confirmed a declaration of force majeure in China for the following Acetyl Chain products manufactured at its Nanjing, China facility: Acetic Anhydride; Vinyl Acetate Monomer; Vinyl Acetate Emulsions; and Redispersible Powders. The Company has temporarily shut down acetic anhydride and VAM production in Nanjing to comply with recent requirements of government departments in order to achieve dual energy consumption targets in the Jiangsu Province in 2021. Similar requirements for reduced energy consumption are being applied broadly on energy-intensive industries across multiple provinces. As a result of the shutdown of VAM production, a declaration of force majeure was also necessary for downstream vinyl acetate emulsions and redispersible powders. Celanese continues to operate its acetic acid production unit in Nanjing.
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IBKR | Hot Stocks17:56 EDT Interactive Brokers Chairman Thomas Peterffy sells $2.4M in company shares - Interactive Brokers Chairman Thomas Peterffy disclosed in a filing that he had sold 40,000 shares of company stock at $59.91 per share between September 21 and September 22, for a total transaction value of $2,396,536
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USFD | Hot Stocks17:51 EDT US Foods awarded $245M Defense Logistics Agency contract - US Foods has been awarded a maximum $245M fixed-price with economic-price-adjustment, indefinite-quantity contract for full-line food distribution. This was a competitive acquisition with two responses received. This is a five-year contract with no option periods. Location of performance is Missouri, with a September 19, 2026, ordering period end date. Using military services are Air Force and Army. Type of appropriation is FY21 through FY26 defense working capital funds. The contracting activity is the Defense Logistics Agency Troop Support.
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GE | Hot Stocks17:49 EDT General Electric awarded $125M Navy contract - General Electric was awarded a single-award, indefinite-delivery/indefinite-quantity contract with a ceiling of $125M for services and supplies in support of Military Sealift Command's, or MSC, GE brand equipment aboard the command's fleet of ships. This award will provide original equipment manufacturer authorized parts and service technicians in order to maintain the systems aboard multiple classes of ships including MSC's dry cargo/ammunition class; expeditionary sea base class; expeditionary transfer dock class; fleet auxiliary oiler class; the command ship USS Mount Whitney; oceanographic survey ship class and roll-on/roll-off class vessels. Work will be performed worldwide, with an expected completion date of September 30, 2026. The maximum dollar value of this award is $125M. Working capital funds in the amount of $3,500 are being obligated for the first order of FY21 at time of award. Additional orders may be placed throughout the five-year ordering period. Funding for the appropriate fiscal year will be utilized at the time orders are placed. This sole-source contract was procured under solicitation number via the beta.sam.gov website and one timely offer was received. The Navy's Military Sealift Command is the contracting activity.
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RMCF | Hot Stocks17:46 EDT Rocky Mountain Chocolate: Lawsuit filed by AB Value 'baseless, without merit' - Rocky Mountain Chocolate Factory provided the following statement in response to litigation filed by AB Value Management. "We believe the lawsuit filed today by AB Value is baseless and entirely without merit. We believe our action is consistent with application of Delaware law, and it was made in consultation with counsel. We intend to vigorously defend against this baseless lawsuit and inaccurate claims put forward by AB Value.For 10 consecutive years, RMCF's Board of Directors was composed of six directors and a Board of this size is in line with historical precedent for our company. All stockholders continue to have the ability to vote for the slate of nominees of their choosing. Contrary to AB Value's false statements, no stockholder has been disenfranchised and each stockholder is able to vote the Company's full slate of directors or AB Value's full slate of directors, just as has always been the case. This unfortunate lawsuit is yet another example of how AB Value is misleading stockholders with inaccurate information, false allegations and distortions of the facts and causing the company to utilize its resources to defend false claims. RMCF remains committed to serving the best interests of all the company's stakeholders, continuing to deliver long-term value as we refresh the Board and our strategy to serve our franchisees, employees, customers and stockholders. We continue to take decisive action, reflecting the suggestions and perspectives of many of our stockholders, as we engage with all our investors to best support the company through its next chapter of growth." RMCF is committed to enhancing stockholder value and acting in the best interest of ALL stockholders. RMCF urges all stockholders to vote the WHITE proxy card today "FOR" ALL of the Board's skilled and experienced nominees for election to the company's Board.
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PPL | Hot Stocks17:26 EDT PPL Corp. gets FERC approval to acquire Narragansett Electric Company - PPL Corp "received unanimous approval from the Federal Energy Regulatory Commission to acquire The Narragansett Electric Company from National Grid USA. To date, PPL and National Grid have partnered to achieve four of the five regulatory approvals required for the transaction to proceed. PPL remains focused on securing the final approval, which is required from the Rhode Island Division of Public Utilities and Carriers, and continues to expect that the transaction will be completed by March 2022."
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ERJ | Hot Stocks17:06 EDT EmbraerX, Pyke partner over autonomous aerial agriculture operations - EmbraerX and Pyke announced a partnership to accelerate the future of autonomous aerial agriculture operations. The collaboration is focused on technology, certification, operations, and future commercialization of Pyka's Pelican, a 100% electric and autonomous fixed-wing agricultural aircraft. "EmbraerX is a market accelerator committed to developing solutions that can transform the world and inspire our partners by approaching unprecedented ideas with creativity and grit," said Daniel Moczydlower, head of EmbraerX. "Pyka's innovation and technology capacity is aligned with our strategy to accelerate the creation of innovative business models through partnerships that have the potential for exponential growth." Both companies will pursue opportunities to scale commercial services as autonomous aircraft operations in Brazil evolve in the coming years. Pyka's Pelican is already flying for customers in Central America, aiming for a high level of productivity, cost-efficiency, safety and sustainability.
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BLL | Hot Stocks17:01 EDT Ball Corp. to invest nearly $290M new Nevada beverage can plant - Ball Corp announced plans to build a new U.S. aluminum beverage packaging plant in North Las Vegas, Nevada. The multi-line plant is scheduled to begin production in late 2022 and is expected to create nearly 180 manufacturing jobs when fully operational. Ball plans to invest nearly $290M in its North Las Vegas facility over multiple years. The plant will supply a range of innovative can sizes to a variety of beverage customers. Infinitely recyclable and economically valuable, aluminum cans, bottles and cups enable a truly circular economy in which materials can be and actually are used again and again. In fact, 75% of all aluminum ever produced is still in use today.
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AEHR | Hot Stocks16:52 EDT Aehr Test Systems jumps 9% after Q1 report, 'record bookings' - Shares of Aehr Test Systems are up over 9% or 93c per share to $12.71 per share in after-market trading. Shares closed the regular session down over 1%, at $11.78 per share. "We are off to a strong start for fiscal 2022, finishing the first quarter with record bookings for a single quarter of $20.7M. Since the end of the quarter, we have announced an additional $19.4M in bookings, bringing our total bookings for the fiscal year to over $40M as of today's date, said Gayn Erickson, President and CEO.
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VRSN | Hot Stocks16:39 EDT Chairman of VeriSign James Bidzos sells $1.3M in company shares - Chairman of VeriSign James Bidzos disclosed in a filing that he had sold 6,000 shares of company stock at $214.56 per share between September 21 and September 22, for a total transaction value of $1,287,363.
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PRGS | Hot Stocks16:34 EDT Progress Software jumps 6% to $49.01 after Q3 earnings beat, FY21 raise
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TAST | Hot Stocks16:32 EDT Carrols Restaurant CEO Daniel Accordino to retire - Carrols Restaurant "announced that Daniel Accordino, the company's CEO and President, will be retiring as CEO and President by June 30, 2022. He will also be stepping down as Chairman and as a member of the Board of Directors at or prior to the effective time of his retirement. The Carrols board is conducting a comprehensive search to identify a new CEO and is engaging a leading executive search firm to assist in the process."
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LMT | Hot Stocks16:31 EDT Lockheed Martin raises dividend, authorizes additional $5B share repurchase - As part of the company's capital allocation strategy, the Lockheed Martin board of directors has authorized an increase in its quarterly dividend and share repurchase authority. The board declared a fourth quarter 2021 dividend of $2.80 per share, representing an increase of 20c per share over last quarter. The dividend is payable on Dec. 27 to holders of record as of the close of business on Dec. 1. Additionally, the company's board has authorized the purchase of up to an additional $5B of Lockheed Martin common stock under its share repurchase program. With this increase, total authorization for future repurchases under the share repurchase program is approximately $6B.
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PAIC | Hot Stocks16:28 EDT Petra Acquisition holder Glazer Capital sells $6.6M in shares - Petra Acquisition holder Glazer Capital disclosed in a filing that it had sold 654,546 shares of company stock fat $10.08 per share between September 21 and September 23, for a total transaction amount of $6,597,824.
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PEB | Hot Stocks16:26 EDT Pebblebrook Hotel acquires Margaritaville Hollywood Beach Resort for $270M - Pebblebrook Hotel Trust announced that it acquired the 369-room oceanfront Margaritaville Hollywood Beach Resort in Hollywood, Florida for $270M from an affiliate of KSL Capital Partners. The lifestyle resort will continue to be managed by Davidson Hospitality Group.
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CVU | Hot Stocks16:23 EDT CPI Aerostructures gets NYSE American notice of non-compliance - CPI Aerostructures announced that on September 17, the Company received a notice from the staff of NYSE American indicating that the Company does not meet the Exchange's continued listing standards set forth in Part 10 of the NYSE American Company Guide . The Company is not in compliance with Section 1003 of the Company Guide since it has stockholders' equity of less than $2M and losses from continuing operations and/or net losses in two of its three most recent fiscal years and Section 1003 of the Company Guide since it has stockholders' equity of less than $4M and losses from continuing operations and/or net losses in three of its four most recent fiscal years. The Company has therefore become subject to the procedures and requirements of Section 1009 of the Company Guide and must submit a plan to the Exchange by October 17, 2021 addressing how the Company intends to regain compliance with the continued listing standards by March 17, 2023 The Company intends to timely deliver a plan of compliance to the Exchange. If the Plan is not accepted by the Exchange, then the Company will be subject to delisting proceedings as specified in the Company Guide. If the Plan is accepted, the Company will be subject to periodic Exchange reviews, including quarterly monitoring for compliance with the Plan until it has regained compliance.
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KKR | Hot Stocks16:20 EDT KKR earned gross interest, investment income in excess $800M in Q3 so far - KKR announced a monetization activity update for the period from July 1, 2021 through September 23, 2021. Based on information available as of today, with respect to the period through September 23, 2021, KKR has earned gross realized carried interest and realized investment income in excess of $800M, of which approximately 50% is gross realized carried interest and approximately 50% is realized investment income. This is driven primarily by strategic and secondary sale transactions that have closed quarter-to-date, as well as dividend and interest income from KKR's balance sheet portfolio.
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AVB | Hot Stocks16:18 EDT AvalonBay sees Q3 same store residential revenue up 0.9%-1.1% - AvalonBay Communities announced that for the three months ending September 30, 2021 it expects total residential rental revenue for Same Store communities to increase between 0.9% and 1.1% over the prior year period. The midpoint of this range is 180 basis points above what the company's expectation was for total residential rental revenue change for Same Store communities for the three months ending September 30, 2021 when the company published its outlook on July 28, 2021. This outperformance is attributable to lower-than-expected uncollectible lease revenue, due to higher-than-expected delinquent rent payments from COVID rental assistance programs, and better-than-expected effective lease rates and occupancy.
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MTN | Hot Stocks16:15 EDT Vail Resorts CEO says 'very pleased' with season pass sales for 2021/2022 - Commenting on the company's season pass sales for the upcoming 2021/2022 North American ski season, CEO Katz said, "We are very pleased with the results of our season pass sales to date, which continue to demonstrate the strength of our data-driven marketing initiatives and the compelling value proposition of our pass products, driven in part by the 20% reduction in all pass prices for the upcoming season. Pass product sales through September 17, 2021 for the upcoming 2021/2022 North American ski season increased approximately 42% in units and approximately 17% in sales dollars as compared to the period in the prior year through September 18, 2020, without deducting for the value of any redeemed credits provided to certain North American pass holders in the prior period. To provide a comparison to the season pass results released on June 7, 2021, pass product sales through September 17, 2021 for the upcoming 2021/2022 North American ski season increased approximately 67% in units and approximately 45% in sales dollars as compared to sales for the 2019/2020 North American ski season through September 20, 2019, with pass product sales adjusted to include Peak Resorts pass sales in both periods. Pass product sales are adjusted to eliminate the impact of foreign currency by applying an exchange rate of $0.79 between the Canadian dollar and U.S. dollar in all periods for Whistler Blackcomb pass sales."
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SRGA | Hot Stocks16:15 EDT Surgalign announces CFO Jonathon Singer has resigned - Surgalign Holdings announced that the Company's Chief Financial and Operating Officer, Jonathon M. Singer, has resigned from the Company, effective October 15, to pursue another opportunity. Mr. Singer's resignation did not result from any disagreement with the Company. The Company is conducting a search for Mr. Singer's successor.
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MTN | Hot Stocks16:14 EDT Vail Resorts announces $320M capital plan for 2022-23 season - Vail Resorts announced an unprecedented number of on-mountain projects planned for the 2022-23 North American ski and ride season in what will be the company's largest single-year investment into the guest experience. The sweeping set of 19 new chairlifts, including 12 high-speed lifts, a new 8-person high-speed gondola and 6 new fixed-grip lifts, is part of Vail Resorts' $315M-$325M capital investment plan for 2022 which is designed to materially reduce wait times, increase uphill capacity and create more lift-served terrain. The projects outlined below span 14 resorts coast-to-coast including Whistler Blackcomb, Vail Mountain, Park City Mountain, Keystone Resort, Breckenridge Ski Resort, Stowe Mountain Resort, Mount Snow and more. Additional projects within the CY22 plan will be announced in December 2021 and March 2022. This announcement is part of Epic Lift Upgrade, Vail Resorts' new initiative to deliver game-changing lift upgrades that will significantly improve and enhance the guest experience and make getting on and around its mountains easier, faster and more enjoyable. With this latest capital plan, Vail Resorts' total investment into the guest experience over 15 years is expected to reach approximately $2.2B, which has included transformational lift and terrain projects as well as industry-leading snowmaking infrastructure and state-of-the-art technological innovations. For the upcoming 2021-22 North American ski and ride season, the company expects to spend approximately $120M in new projects such as McCoy Park at Beaver Creek Resort and new lifts at Breckenridge, Keystone, Okemo and Crested Butte Mountain Resort.
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FRST | Hot Stocks16:12 EDT Primis Financial sells minority interest in Southern Trust Mortgage - Primis Bank announced that it has entered into an agreement with Southern Trust Mortgage whereby STM will repurchase all of the Bank's common membership interests and a portion of the Bank's preferred interests in STM. At closing, STM will continue to be a borrower of the Bank, but the Bank will no longer be a minority owner of STM. The company expects to record a pre-tax charge of approximately $2.9M related to the transaction in the third quarter of 2021. The company will also no longer accrue earnings related to the Bank's common membership interests in STM. The transaction is expected to close in the fourth quarter of 2021.
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SLS | Hot Stocks16:11 EDT Sellas Life Sciences announces settlement of derivative litigation - Sellas Life Sciences announced that on September 10 the United States District Court for the District of New Jersey issued an order providing for preliminary approval of the proposed settlement of the claims relating to the company's predecessor, Galena Biopharma and asserted derivatively on behalf of the company against the individual defendants named in the previously disclosed stockholder derivative actions Keller v. Ashton, et al, Civil Action No. 2:17-cv-1777 and Johnson v. Schwartz, et al, Civil Action No. 2:18-cv-00903 pending before the court in accordance with the stipulation of settlement, dated June 15. The stipulation also resolves all claims asserted in another derivative action arising from the same facts, Jacobs v. Schwartz, et al, Case No. CIVMSC17-01222. The stipulation calls for the company to adopt certain policies relating to the potential future commercialization of the company's clinical candidates and for the company's insurer to pay plaintiff's counsel up to $270,000 in attorney's fees and reimbursement of expenses. The preliminary order set a final settlement approval hearing for November 19.
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AIR | Hot Stocks16:08 EDT AAR Corp. says Afghanistan withdrawal to impact government business in near term - Holmes concluded, "Our continued focus on driving operating efficiency and working capital management led to another quarter of sequential margin improvement and strong cash flow. Looking forward, while the U.S. exit from Afghanistan will impact our government business in the near term, we are encouraged by the strong pipeline of offsetting government opportunities such as the recent contract award from the Department of Energy. In our commercial markets, the timing of the recovery has been impacted by the Delta variant, but as we continue to see demand increase, particularly in our parts activities, we expect continued growth and operating margin expansion."
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TMO | Hot Stocks16:08 EDT Thermo Fisher announces $3B share repurchase program - Thermo Fisher Scientific announced that its board of directors has authorized the repurchase of $3B of shares of its common stock in the open market or in negotiated transactions. The authorization has no expiration date. This replaces the company's existing repurchase authorization, of which $500M was remaining.
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GDYN | Hot Stocks16:05 EDT Grid Dynamics, Evinced enter into long-term partnership - Grid Dynamics Holdings and Evinced have entered into a strategic partnership to accelerate the implementation of accessibility in the mobile app development phase. "We at Grid Dynamics are extremely delighted to partner with Evinced in enriching the ecosystem of accessibility tools," says Rajeev Sharma - CTO at Grid Dynamics.
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GLYC | Hot Stocks16:02 EDT Journal BLOOD publishes efficacy and safety data for GlycoMimetics' uproleselan - The company states: "Efficacy and safety data from a Phase 1/2 clinical study of uproleselan, GlycoMimetics' lead investigational drug, were published online September 16, 2021 in the journal BLOOD. In the manuscript, scientists highlight an analysis of minimal residual disease and report an MRD negative rate of 69% in trial participants with relapsed/refractory acute myeloid leukemia, indicating an enhanced depth of response following addition of uproleselan to salvage therapy. The paper also confirms that uproleselan can be safely combined with an intensive salvage chemotherapy regimen without adding toxicity in both relapsed/refractory and in newly diagnosed older AML patients and builds upon results first reported at the 2018 ASH Meeting." Chief Medical Officer Eric J. Feldman said: "The results of this Phase 1/2 study demonstrate the safety and tolerability of uproleselan in combination with an intensive salvage chemotherapeutic regimen. The reported response rates and survival outcomes are superior to what has been seen with chemotherapy alone in similar relapsed/refractory AML patient populations. In particular, the MRD negative rate of 69 percent in the relapsed/refractory cohort is unprecedented in producing a high proportion of patients who underwent a successful transplant. We are confident that our ongoing Phase 3 randomized trial will confirm the efficacy seen in the Phase 1/2 study and will help to establish uproleselan in combination with intensive chemotherapy as the new standard of care in relapsed/refractory AML."
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AFRM WMT | Hot Stocks15:51 EDT Affirm up 13% following report of offering at Walmart - Shares of Affirm (AFRM) are up $14.84, or 13%, to $128.91 in late day trading after Fox Business reported that Walmart (WMT) is going to replace its seasonal layaway program this upcoming holiday season with a buy-now, pay-later option through the financial products company.
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SGMS | Hot Stocks15:28 EDT Scientific Games up 4% as Craig-Hallum sees potential to $190 per share - Shares of Scientific Games are up $2.87, or 4%, to $80.20 in afternoon trading after Craig-Hallum analyst Ryan Sigdahl raised the firm's price target on the stock to $105 from $100 with an unchanged Buy rating. In a bullish scenario, he sees potential for the stock to advance to $190 per share based on divestiture proceeds, higher RemainCo EBITDA expectations and a possible re-rating of the stock's multiple, the analyst noted.
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GPOR | Hot Stocks15:10 EDT Gulfport Energy up 1% after Reuters says possible sale being explored - Shares of Gulfport Energy are up 92c, or 1%, to $78.92 following Reuters' report on the company's exploration of its strategic options.
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ZEV | Hot Stocks15:06 EDT Lightning eMotors to sponsor Denver Broncos Football Club - Lightning eMotors, a provider of specialty commercial electric vehicles for fleets, has entered a sponsorship agreement with the Denver Broncos. As a part of the multiyear deal, the company will be featured throughout Empower Field at Mile High in a variety of advertisements during Broncos home games and will be the focus of the "Gameball Delivery" feature to start every game. Additionally, Lightning "will receive a number of benefits which they intend to use to support the Colorado community," the company said. The Broncos play their first home game of the season on Sunday, Sept. 26 versus the New York Jets. This will be the first game during which Lightning eMotors' ads will appear.
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IS VOD | Hot Stocks14:59 EDT ironSource announces partnership with Vodafone for Aura solution suite - ironSource (IS) announced earlier a partnership with Vodafone (VOD), which will be integrating the ironSource Aura solution suite on its Android devices across Europe, including in the UK, Germany, Spain and Italy. "Aura is designed to empower carriers to build long-lasting relationships with their customers and to improve the device experience by providing valuable content and services at the moment of device setup and throughout the lifecycle of the device. Through Aura, carriers are given the flexibility to promote their owned and operated content and services in a dynamic and seamless way," ironSource stated.
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F... | Hot Stocks14:59 EDT Chip shortages will cost auto industry $210B in 2021, AlixPartners forecasts - Global consulting firm AlixPartners released its latest forecast regarding how much the ongoing semiconductor shortage is costing the worldwide automotive industry. The firm's updated estimate is that the shortage will cost the industry globally $210B in lost revenues this year, up markedly from its estimate in May of $110B. In terms of vehicles, AlixPartners is now forecasting that production of 7.7M units will be lost in 2021, up from 3.9M in its May forecast. "Of course, everyone had hoped that the chip crisis would have abated more by now, but unfortunate events such as the COVID-19 lockdowns in Malaysia and continued problems elsewhere have exacerbated things," said Mark Wakefield, global co-leader of the automotive and industrial practice at AlixPartners. "Also, chips are just one of a multitude of extraordinary disruptions the industry is facing-including everything from resin and steel shortages to labor shortages. There's no room for error for automakers and suppliers right now; they need to calculate every alternative and make sure they're undertaking only the best options." Publicly traded companies in the space include Daimler AG (DDAIF), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY). Reference Link
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TWST | Hot Stocks14:04 EDT Twist says antibody candidate TB202-3 shows potent binding to SARS-CoV-2 strains - Twist Bioscience reported that its internally-discovered antibody candidate TB202-3 demonstrated potent binding to diverse SARS-CoV-2 variant mutations, including strains with the E484K, N501Y, D614G, Y453F and K417N mutations in pseudovirus assays, "indicating this therapeutic antibody may be effective in treating many strains of COVID-19." The Coronavirus Immunotherapy Consortium, an academic-industry, non-profit collaborative research effort, performed the blinded analysis, confirming that TB202-3 completely blocked SARS-CoV-2 spike protein from binding to human ACE2. The results were published in Science today, the company noted. Emily Leproust, Ph.D., CEO and co-founder of Twist Bioscience, said, "With the continuous emergence of variant strains of SARS-CoV-2, antibodies that bind to regions away from the areas of frequent mutation will be critical to the ongoing global response. While broad-spectrum is a term used most often in relation to antibiotics, it applies here to Twist's antibodies, as they show efficacy in neutralizing a wide range of SARS-CoV-2 variants. These comprehensive results show that TB202-3 may be more resistant to receptor-driven selection pressure and Twist antibodies may work therapeutically against emerging SARS-CoV-2 variants." Validation and late-stage discovery studies continue for TB339-031, the company added.
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GOOG GOOGL | Hot Stocks14:01 EDT Google debuts new accessibility features to make Android user-friendly for all - In an earlier blog post on its Keyword blog, Lisie Lillianfeld Product Manager, Google Research and Allen Nikka Product Manager, Central Accessibility Team said in part: "Every day, people use voice commands, like "Hey Google," or their hands to navigate their phones. However, that's not always possible for people with severe motor and speech disabilities. To make Android more accessible for everyone, we're introducing two new tools that make it easier to control your phone and communicate using facial gestures: Camera Switches and Project Activate. Built with feedback from people who use alternative communication technology, both of these tools use your phone's front-facing camera and machine learning technology to detect your face and eye gestures. We've also expanded our existing accessibility tool, Lookout, so people who are blind or low-vision can get more things done quickly and easily. You can choose from one of six gestures - look right, look left, look up, smile, raise eyebrows or open your mouth - to scan and select on your phone. There are different scanning methods you can choose from - so no matter your experience with switch scanning, you can move between items on your screen with ease. You can also assign gestures to open notifications, jump back to the home screen or pause gesture detection. Camera Switches can be used in tandem with physical switches. We heard from people who have varying speech and motor impairments that customization options would be critical. With Camera Switches, you or a caregiver can select how long to hold a gesture and how big it has to be to be detected. You can use the test screen to confirm what works best for you. Reference Link
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FB | Hot Stocks14:00 EDT Facebook to offer fiber networks, expand broadband access in Virginia - Facebook said it is partnering with Appalachian Power, a utility that serves the southeastern region of the U.S., and Virginia-based internet service provider GigaBeam Networks to bring fiber-to-the-home and wireless internet service to approximately 6,000 unserved households in Grayson County. GigaBeam Networks plans to roll out its customer internet offerings in fall 2021. "Over the next few months, we are going to transform from being the least connected county in the state to one of the most connected rural counties in the U.S.," said Bill Shepley, a Grayson County administrator. Reference Link
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$BTC... | Hot Stocks13:18 EDT Twitter says tipping feature rolling out to everyone, now with Bitcoin option - Esther Crawford, Staff Product Manager at Twitter (TWTR), stated in a blog post: "Good news: Our tipping feature - now called Tips - is rolling out to everyone with more payment options to choose from - even crypto. People already drop links to their payment profiles in their bios and in their Tweets. Tips makes this easier to do, offering one fixed spot, right on your profile, where you can link to your Cash App (SQ), Patreon, Venmo (PYPL) and other platforms where people can support you... We'll roll out to people on iOS first and then bring Tips to people on Android over the coming weeks... In addition to the services currently enabled through Tips, people can now seamlessly tip with Bitcoin ($BTC) using Strike - a payments application built on the Bitcoin Lightning Network that allows people to send and receive Bitcoin. Strike offers instant and free payments globally... We want everyone on Twitter to have access to pathways to get paid. Digital currencies that encourage more people to participate in the economy and help people send each other money across borders and with as little friction as possible - help us get there. Reference Link
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MS | Hot Stocks12:31 EDT Morgan Stanley, Ally Bridge lead $135M investment in Elligo - Morgan Stanley Expansion Capital and Ally Bridge Group announced the firms have completed an investment in Elligo Health Research, a healthcare-enabling research organization powered by the novel IntElligo technology. The $135M Series E financing also included participation from Norwest Venture Partners and all major existing investors, including Cerner, Hatteras Venture Partners, Noro-Moseley Partners, Piper Sandler Merchant Banking, Shumway Capital, and Syneos Health. In addition to funding the purchase of ClinEdge, this financing allows Elligo to invest further in its technology platform and leverage data in new ways to address current challenges in the clinical trial industry, enhancing Elligo's mission of accelerating clinical research and allowing it to further the industry's goal to improve diversity, equity, and inclusion among research participants. "This investment allows Elligo to execute on a key acquisition, as well as evaluate other complementary acquisitions to add technologies and services to accelerate research, improve the patient experience, and make research more accessible," said Morgan Stanley Expansion Capital Managing Director and General Partner, Melissa Daniels, who has joined Elligo's board. "The clinical trials industry is experiencing a new phase of disruption. There's an opportunity to use technology, data analytics, and services to eliminate long-standing trial conduct pitfalls and bottlenecks that primarily impact patients."
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DELL | Hot Stocks12:05 EDT Michael Dell says no plans on taking Dell Technologies private - Michael Dell, speaking at today's analyst meeting, says he has no plans on taking Dell Technologies private.
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UNH AAPL | Hot Stocks12:03 EDT UnitedHealthcare to offer 'millions of members' free year of Apple Fitness+ - UnitedHealthcare, a UnitedHealth Group (UNH) company, has expanded its work with Apple (AAPL) to provide "millions of members" with access - at no additional cost - to Apple Fitness+, which it calls "the first fitness service built entirely around Apple Watch." UnitedHealthcare added that "this is the first such offer for Apple Fitness+ by a health insurance plan." In addition to the 12-month subscription at no additional charge, UnitedHealthcare Motion enrollees can now use program incentives earned to cover an ongoing Apple Fitness+ monthly subscription, the company noted.
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RKLY | Hot Stocks12:00 EDT Rockley Photonics falls -12.6% - Rockley Photonics is down -12.6%, or -$1.28 to $8.89.
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CHTR | Hot Stocks12:00 EDT Charter CEO says company has some drags in Enterprise - Says has some drags in Enterprise business. Says still "very low" penetrator in Enterprise. Says Cable business becoming less capital intensive.
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OG | Hot Stocks12:00 EDT Onion Global falls -13.1% - Onion Global is down -13.1%, or -94c to $6.25.
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SPIR | Hot Stocks12:00 EDT Spire Global falls -21.3% - Spire Global is down -21.3%, or -$3.93 to $14.52.
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ARL | Hot Stocks12:00 EDT American Realty Investors rises 16.2% - American Realty Investors is up 16.2%, or $1.73 to $12.37.
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TCI | Hot Stocks12:00 EDT Transcontinental Realty Inc rises 18.8% - Transcontinental Realty Inc is up 18.8%, or $6.39 to $40.39.
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RJF | Hot Stocks12:00 EDT Raymond James rises 56.9% - Raymond James is up 56.9%, or $32.99 to $90.94.
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CHTR | Hot Stocks11:51 EDT Charter CEO says company can 'fundamentally' make mobile less expensive - Says can make mobile less expensive for consumers "fundamentally" and integrate it into broadband product. Says company getting "better and better" at selling mobile. Says doesn't know yet how to take friction out of selling process.
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CHTR | Hot Stocks11:46 EDT Charter CEO says ARPU going up because churn going down - Charter CEO and chairman Tom Rutledge said that ARPU is going up because churn is going down. Says doesn't want to make broadband "too complicated." Says ARPU going up because of less promotional pricing. Says market share growth trend is "encouraging." Says currently in a challenging environment from a sales perspective.Says continues to grow business at pre-2020 rates. Says building "opportunistically." Comments taken from Goldman Sachs Communacopia conference.
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SRRK | Hot Stocks11:34 EDT Scholar Rock says added analyses 'further reinforce enthusiasm' for apitegromab - Scholar Rock announced two poster presentations as part of the World Muscle Society Virtual Congress taking place September 20-24, including additional data analyses from the apitegromab TOPAZ Phase 2 trial. "These additional analyses from the TOPAZ Phase 2 trial further reinforce our enthusiasm for the potential of apitegromab to improve motor function for patients with SMA, and provide exploratory insights in both the ambulatory and non-ambulatory populations. We anticipate initiating a Phase 3 trial to evaluate apitegromab in patients with non-ambulatory Type 2 and Type 3 SMA by the end of 2021 as we work towards our aim of establishing apitegromab as the potential first muscle-directed therapy to treat SMA," said Yung Chyung, M.D., Chief Medical Officer of Scholar Rock.
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GS | Hot Stocks11:30 EDT Goldman Sachs Asset Management helps lead $50M investment in NTWRK - NTWRK, a North American livestream shopping platform, raised $50M led by the Growth Equity business within Goldman Sachs Asset Management, and global luxury group Kering, including participation from LionTree Partners and Tenere Capital. With the new funding, NTWRK will continue to define the virtual shopping experience by effectively catering to the growing digitally-native consumer market, NTWRK said in a statement.
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DASH... | Hot Stocks11:12 EDT FTC releases DoorDash FOIA response documents - In response to a FOIA request, the Federal Trade Commission said in a letter that, "This is in response to your request dated July 6, 2021, under the Freedom of Information Act seeking access to investigative records, consumer complaints, and emails to/from the FTC Commissioners regarding DoorDash. In accordance with the FOIA and agency policy, we have searched our records on August 13, 2021. Regarding the investigative records, the FTC can neither confirm nor deny that it has any records responsive to this request, because to do either would reveal information that is itself exempt from public disclosure under Exemption 7(A) of the FOIA, 5 U.S.C. Section 552(b)(7)(A). Therefore, at present I can only advise that even if the records you seek exist, they would be protected under this FOIA exemption. I stress that you should not read this letter as an indication that responsive records do or do not exist. We issue this response to all similar requests. If disclosure of information could reasonably be expected to interfere with law enforcement proceedings, Exemption 7(A) authorizes agencies to withhold it. The FTC's investigations are generally nonpublic. A reply that affirms whether responsive records do or do not exist would tacitly reveal whether the FTC has an investigatory interest in the subjects of a given FOIA request." "Regarding the consumer complaints, we have located 531 responsive complaints that consumers have sent to the Federal Trade Commission (FTC). You should know that the enclosed complaints have not necessarily been verified by the FTC," the letter reads. Among the documents released, there are several emails calling for an FTC investigation into delivery app corporations, with mentions of GrubHub (GRUB) and Uber Eats (UBER) alongside DoorDash (DASH). Reference Link
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SPCE DIS | Hot Stocks11:09 EDT Virgin Galactic names Aparna Chitale as chief people officer, effective Sept. 30 - Virgin Galactic Holdings (SPCE) announced that veteran human resources executive Aparna Chitale will join the company as its Chief People Officer on September 30. Most recently, she served as Vice President of Human Resources at Disney Parks Experiences and Products (DIS). Michael Colglazier, CEO of Virgin Galactic, said, "I'm delighted to welcome Aparna to the Virgin Galactic team. She has an outstanding track record building and supporting highly skilled teams across engineering, maintenance, safety, and technical services." As CPO, Chitale will report to Colglazier.
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PII | Hot Stocks11:01 EDT CPSC says Polaris recalling 2011-2021 Phoenix 200 ATVs - The Consumer Product Safety Commission, or CPSC, announced that Polaris is recalling about 13,000 Model Year 2011-2021 Phoenix 200 ATVs, some of which were previously recalled in July 2020 and April 2018, as the throttle speed control stop can break and become stuck, posing a crash hazard. Reference Link
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HUM | Hot Stocks11:01 EDT Humana signs in-network agreement with Kelsey-Seybold Clinic - Humana and Kelsey-Seybold Clinic have signed an in-network agreement, expanding access to care to include members of Humana Medicare Advantage HMO plans. Under this agreement, which becomes effective January 1, 2022, Houston-area members of Humana Medicare Advantage HMO plans will have in-network access to care at more than 26 convenient Kelsey-Seybold Clinic locations, as well as access to more than 500 providers in 55 medical specialties across the Houston-Galveston region.
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VINP | Hot Stocks10:57 EDT Vinci Partners acquires Brazilian cosmetics platform Farmax - Vinci Partners Investments Ltd., the controlling company of a leading alternative investment platform in Brazil, announced today that "Vinci Capital Partners III", or "VCP III," the family of funds managed by Vinci Partners' Private Equity strategy, has entered into a definitive agreement for the acquisition of Farmax, a Brazilian company operating in the cosmetics and personal care industry. This transaction marks VCP III's fifth investment, resulting in a 61.3% cumulative gross allocation of the Fund's total capital commitments and a 71.1% allocation including incurred expenses. The Fund was marked at a 50.6% gross IRR in BRL and 25.7% in USD at the end of the first quarter of 2021. Gabriel Felzenszwalb, partner and senior member of the Private Equity team for Vinci Partners, said, "Farmax has a unique trajectory, having established itself in the market as a company with tradition, legacy and a solid reputation."
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ATUS | Hot Stocks10:48 EDT Altice USA 'hopeful' Q4 will see positive net adds, normalized trends
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ATUS | Hot Stocks10:46 EDT Altice USA sees negative Q3 Internet net adds of (20,000)-(15,000) - The company says this gets it to a trend of being "flattish to slightly up" for the year.
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ATUS | Hot Stocks10:44 EDT Altice USA sees 'negative' Internet net adds in Q3 - Comments taken from Goldman Sachs Communacopia Conference.
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ABBV | Hot Stocks10:30 EDT Model files suit against Zeltiq after CoolSculpting left her 'brutal disfigured' - Model Linda Evangelista announced on Instagram that a CoolSculpting fat-reduction procedure left her "permanently deformed" and "brutally disfigured." She has filed a lawsuit against Zeltiq Aesthetics, the parent company of CoolSculpting, which is owned by AbbVie (ABBV). Evangelista wrote: "To my followers who have wondered why I have not been working while my peers' careers have been thriving, the reason is that I was brutally disfigured by Zeltiq's CoolSculpting procedure which did the opposite of what it promised." Reference Link
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GM | Hot Stocks10:19 EDT GM invests $300M in autonomous driving technology company Momenta - General Motors announced it will invest $300M in Momenta "to accelerate the development of next-generation self-driving technologies for future GM vehicles in China." GM said, "With leading autonomous driving technology and solutions, Momenta's vision is, in the next ten years, to save one million lives, save 100% driving time, and double the logistics and mobility efficiency." The company added that its "investing aggressively in a comprehensive and highly-integrated plan to lead the transformation to a more sustainable future, guided by its vision of a world with zero crashes, zero emissions and zero congestion."
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GM | Hot Stocks10:17 EDT GM investors $300M in autonomous driving technology company Momenta - General Motors announced it will invest $300M in Momenta "to accelerate the development of next-generation self-driving technologies for future GM vehicles in China." GM said, "With leading autonomous driving technology and solutions, Momenta's vision is, in the next ten years, to save one million lives, save 100% driving time, and double the logistics and mobility efficiency." The company added that its "investing aggressively in a comprehensive and highly-integrated plan to lead the transformation to a more sustainable future, guided by its vision of a world with zero crashes, zero emissions and zero congestion."
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RMCF | Hot Stocks10:15 EDT AB Value files lawsuit against Rocky Mountain Chocolate - AB Value Management, collectively with its affiliates, representing approximately 14.59% of the outstanding shares of Rocky Mountain Chocolate Factory, announced that AB Value has filed a lawsuit in the Court of Chancery of the State of Delaware against the Company and certain members of its Board of Directors , seeking to rescind and declare invalid the Board's resolutions shrinking the number of Board seats up for election from seven to six right before the Company's 2021 Annual Meeting of Shareholders. Absent the Board's last minute reduction in size, shareholders would have had the opportunity to choose who would be best suited to fill Mary Kennedy Thompson's seat from the Concerned Shareholders of Rocky Mountain's slate of candidates at the 2021 Annual Meeting. Commenting on the complaint, Andrew Berger, Managing Member of AB Value stated: "The Board's attempt to block one of our director candidates from being elected by shareholders is the latest in a series of crude efforts by Board members to thwart the shareholder franchise, further entrenching themselves in order to safeguard their own Board seats. As part of the Company's largest shareholder group, we plan to defend the rightful owners of the Company by fighting these egregious acts in court." In its lawsuit, AB Value asks the Court to find that the defendant Board members breached their fiduciary duties by voting to shrink the Board without legal analysis from Delaware counsel and without making a reasonable inquiry as to the effect such an act would have on all of the Company's shareholders. Unless the Board's invalid actions are overturned by the Court, the Concerned Shareholders of Rocky Mountain believe that these Board members have deprived shareholders of the full and fair opportunity to exercise their right to vote for seven directors at the 2021 Annual Meeting, less than two weeks away.
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INOD | Hot Stocks10:03 EDT Innodata wins five-year contract with multinational bank - Innodata announced that it has won a contract with one of the world's largest banks to provide AI-enhanced data feeds and a data analytics platform. Innodata anticipates the five-year contract will result in approximately $2 million per year in subscription revenue during the initial two years and approximately $2.4 million per year in subscription revenue thereafter.
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JBLU | Hot Stocks10:02 EDT JetBlue appoints Edward Kayton as head of talent, crewmember experience - JetBlue announced the appointment of Edward Kayton to Head of Talent and Crewmember Experience, effective September 28, 2021. Reporting to JetBlue's Chief People Officer, Laurie Villa, Kayton will be responsible for leading talent acquisition, talent management, people data insights, organizational effectiveness, crew relations and values relations at JetBlue. He most recently served as the Vice President, Human Resources at Spirit Airlines.
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VIPS | Hot Stocks10:00 EDT Vipshop falls -8.1% - Vipshop is down -8.1%, or -$1.03 to $11.70.
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RKLY | Hot Stocks10:00 EDT Rockley Photonics falls -9.0% - Rockley Photonics is down -9.0%, or -92c to $9.26.
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RAD | Hot Stocks10:00 EDT Rite Aid falls -10.2% - Rite Aid is down -10.2%, or -$1.56 to $13.68.
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ERJ | Hot Stocks10:00 EDT Embraer rises 12.3% - Embraer is up 12.3%, or $1.97 to $18.03.
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TCI | Hot Stocks10:00 EDT Transcontinental Realty Inc rises 14.3% - Transcontinental Realty Inc is up 14.3%, or $4.87 to $38.87.
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RJF | Hot Stocks10:00 EDT Raymond James rises 54.6% - Raymond James is up 54.6%, or $31.64 to $89.58.
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SCS | Hot Stocks09:47 EDT Steelcase falls -5.8% - Steelcase is down -5.8%, or -77c to $12.58.
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RKLY | Hot Stocks09:47 EDT Rockley Photonics falls -6.0% - Rockley Photonics is down -6.0%, or -61c to $9.56.
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RAD | Hot Stocks09:47 EDT Rite Aid falls -8.8% - Rite Aid is down -8.8%, or -$1.34 to $13.90.
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JOBY | Hot Stocks09:47 EDT Joby Aviation rises 10.0% - Joby Aviation is up 10.0%, or 97c to $10.64.
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TCI | Hot Stocks09:47 EDT Transcontinental Realty Inc rises 14.7% - Transcontinental Realty Inc is up 14.7%, or $5.00 to $39.00.
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RJF | Hot Stocks09:47 EDT Raymond James rises 52.3% - Raymond James is up 52.3%, or $30.29 to $88.24.
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SYSX | Hot Stocks09:40 EDT Sysorex awarded $16M in new government contracts - Sysorex announced that its wholly owned subsidiary, Sysorex Government Services has been awarded multiple government contracts totaling more than $16M during this third quarter of 2021, to date. These new orders are from the U.S. Department of Justice, Bureau of Prisons and the U.S. Department of Agriculture. The new contracts include five BOP orders totaling approximately $11.3M and two USDA orders totaling approximately $4.9M. Revenue recognition for these orders is expected as the contracts are performed during the next four-to-six months, subject to accounting standards prior to invoicing. Under the SecurPASS Full Body Security Screening Program, SGS previously installed more than 100 Canon body scanners in federal correctional facilities and one of the BOP contracts is for annual maintenance of these scanners totaling approximately $1.5M. The balance of the BOP contracts, which total approximately $9.8M are for security assessment services. Pursuant to the USDA contracts, SGS will procure, customize and deliver tablet computers to the USDA supporting Food Safety and Inspection Service and the U.S. Forest Service. The FSIS contract totals approximately $3.1M and the USFS contract totals approximately $1.8M.
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NETE | Hot Stocks09:37 EDT Mullen Technologies, hofer powertrain partner to develop electric drive systems - Mullen Technologies, which previously announced a definitive agreement to merge with Net Element, announces that it has entered into a letter of intent with hofer powertrain to partner in the development and manufacturing of electric drive systems and components for Mullen's EV lineup, along with a high-performance powertrain for the DragonFLY, to deliver unprecedented performance in the market.
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CODX | Hot Stocks09:35 EDT Co-Diagnostics announces corporate rebranding initiative - Co-Diagnostics announced that following its recent "transformative" growth, the company is rebranding its image to better reflect its expanded scope, mission, and upcoming expansion into new diagnostics verticals. Since April 2020, the company has sold over 22 million tests to hundreds of labs in over 50 countries and throughout the United States. "In anticipation of the introduction of this new and groundbreaking diagnostic platform, the Company is rebranding its image to better reflect its expanded scope, mission, and upcoming expansion into new diagnostics verticals, in addition to ongoing development in liquid biopsy for mutations associated with cancer, and agricultural applications. The rebranding, which includes a new logo, website, and other related visual assets and marketing materials will take place over the next several months as additional optimization, validation and clinical studies for the new device are completed prior to submission for FDA EUA regulatory review."
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LBTYA | Hot Stocks09:35 EDT Liberty Global, InfraVia Capital Partners establish fibre-to-the-home JV - Liberty Global Ventures and InfraVia Capital Partners have set up a new Joint Venture aimed at assessing the opportunity in building fibre-to-the-home networks in Germany. The 50:50 JV, which is subject to regulatory approval, sees the two companies leverage their extensive expertise in infrastructure investment and development. The JV will take a modular approach, with the first phase targeting a small number of municipalities in Germany. If specifically defined success criteria are met during the first phase, it will open up further investment opportunities for the joint venture.
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GDRX | Hot Stocks09:29 EDT GoodRx launches online health resource GoodRx Health - GoodRx launched GoodRx Health to provide research-based answers to vital health questions. "Unlike other consumer health destinations, GoodRx Health takes a new approach to health information with concise, actionable knowledge delivered via GoodRx Answers, Health Wizard tools for navigating tough choices, and thousands of award-winning Explainer videos on today's crucial health concerns," GoodRx said in a statement. "GoodRx empowers consumers with the information they need to be advocates for their own health," said Doug Hirsch, co-CEO and co-founder of GoodRx. "Our digital marketplace provides prices and discounts so consumers can find affordable prescriptions and medical care. With GoodRx Health, we can connect the millions of people who already come to our site with the credible and helpful information they seek about medications, health conditions, and healthcare costs."
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NVAX | Hot Stocks09:27 EDT Novavax, SII apply to WHO for EUL of Novavax' COVID-19 vaccine - Novavax, with its partner, Serum Institute of India, announced a regulatory submission to the World Health Organization for emergency use listing of Novavax' recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M adjuvant. The submission to WHO is based on the companies' previous regulatory submission to the Drugs Controller General of India.
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YVR | Hot Stocks09:23 EDT Liquid Media completes acquisition of iNDIEFLIX - Liquid Media Group announced the completion of its acquisition of iNDIEFLIX Group. The closing of the acquisition adds a key asset to Liquid's four-stage business solution engine, which is designed to drive sustainable growth for independent intellectual property owners and producers. iNDIEFLIX is a global subscription video-on-demand streaming service focused on content with a purpose. Cofounded by award-winning Producer, Director, Costume Designer and Author Scilla Andreen, its success in providing monetization opportunities for IP owners syncs perfectly with Liquid's mission to help creatives take their professional content from inception to monetization. Liquid Media's iNDIEFLIX will continue with its excellent work in the social impact area of edutainment, creating, promoting and distributing important films, video curriculum, educational materials and more to B2B and B2C audiences around the world, across corporate, private, education, government and public sectors. In parallel, iNDIEFLIX will play an important role in stage four of Liquid's business solution engine as the Company supports independents towards IP monetization in a shifting landscape. Liquid acquired iNDIEFLIX for up to 2.5M common shares of Liquid, which are scheduled to be paid out to iNDIEFLIX investors across specific performance milestones in five equal tranches of 500,000 common shares each. The first tranche of Consideration Shares was paid on closing, with four remaining milestones to be triggered by iNDIEFLIX revenues totaling up to $65M in the years ahead. Additional cash is being invested in iNDIEFLIX's ongoing operations, to be applied towards working capital and production of original content for iNDIEFLIX's education and other channels. Further details of the acquisition will be available in the Company's Q3 financial statements filed on SEDAR.
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GTEH | Hot Stocks09:22 EDT GenTech announces upcoming launch of Storm Lifestyles brand - GenTech Holdings announced the upcoming worldwide launch of the Company's recently acquired brand, Storm Lifestyles, a line of sports nutrition and fitness lifestyle products targeting the under-35 demographic, at The Olympia Fitness & Performance Weekend event to be held October 7-10, 2021, in Orlando, Florida. The event is expected to draw 40,000 attendees and pull in a worldwide audience topping 2 million, a total social media reach of over 17 million fitness focused followers, and plenty of A-list celebrities and top fitness brands and personalities. Storm will launch multiple products at the event, including Pre-Workout Vegan EAA's and a Powdered Fat Burner as well as a full line of Storm apparel. Storm will also launch a full affiliate program for influencers at the event and seek to sign influencers and athletes on the spot.
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EGTYF JCS | Hot Stocks09:20 EDT E-GEAR announces licensing agreement with Eguana Technologies - E-GEAR LLC, which has agreed to be acquired by Pineapple Energy, announced it has entered into a master licensing agreement with Eguana Technologies Inc. a Calgary, Canada-based manufacturer of energy storage solutions. Under the agreement, Eguana has the right to integrate E-GEAR's industry-leading energy asset management and aggregation platform into current and future versions of its residential energy storage solutions. Eguana will have the right to further develop the code, but E-GEAR will retain ownership of the original source code and can further develop and utilize it in its various product lines. Commercial terms of the master licensing agreement were not announced.
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TGT | Hot Stocks09:20 EDT Target to hire 100,000 seasonal team members - In its stores, Target will focus on flexibility, keeping guests and team members safe and offering easy and convenient same-day services by increasing the number of store teams supporting Drive Up and Order Pickup - tripling the number of its store fulfillment expert roles over the last two years. Throughout the holiday season, Target will continue to have dedicated front-of-store team members focused on safety and cleaning precautions. Target will also hire 100,000 seasonal team members at its stores across the country to supplement its current team, and many seasonal team members will have the opportunity to remain with Target following the holiday season.
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CSCW | Hot Stocks09:18 EDT Color Star Technology to acquire Wuhan Chujing Esports - Color Star Technology's wholly-owned subsidiary, Color China, has officially signed an agreement of intent to acquire Wuhan Chujing Esports Culture Communication. The two companies will collaborate in developing a global esports pan-entertainment sector combining their respective industry advantages. Color Star will also include this new sector as a essential part of its business. The mergee, Chujing Esports, is a cultural enterprise that focuses on internet "esports+". The company has long-term, in-depth cooperation with many companies across China, including Tencent, DouYu, Huya TV, TikTok, Jinri Toutiao, and Zhangyou. Through the merger and acquisition of Chujing Esports, Color Star and Chujing Esports will fully integrate their online and offline platforms while cultivating and developing more esports influencers, esports IPs, esports competitions, and other esports products and services.
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LINK | Hot Stocks09:16 EDT Interlink Electronics announces new engineering center in Scotland - Interlink Electronics announces plans to establish an advanced engineering team in Scotland, a vital step in further extending the company's European presence and customer base. The new group will be based out of an innovation hub near the University of Strathclyde in Glasgow, Scotland. Initially, the multidisciplinary team will consist of five engineers, with plans to add additional personnel and resources as the location ramps up operations. To support the group, Interlink is establishing a new U.K.-based entity - Interlink Electronics Limited - with the assistance of Scottish Enterprise, the country's national economic development agency. Professor Graham Wren, Interlink's strategic technical advisor, also serves as the University of Strathclyde's director of major projects and special advisor to the principal and vice-chancellor, which will help provide the company with access to local talent and business opportunities.
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ATNM | Hot Stocks09:16 EDT Actinium Pharmaceuticals announces multiple senior leadership appointments - Actinium Pharmaceuticals announced multiple senior leadership appointments including Arun Swaminathan as Chief Business and Commercial Officer, Paul Diamond as Vice President, Patent and Legal Counsel and Avinash Desai, previously Executive Vice President, Clinical Development, Operations and Medical Affairs, to the position of Chief Medical Officer, effective immediately. Swaminathan Prior to joining Actinium, Swaminathan was the Chief Business Officer and Senior Vice President at Alteogen, a South Korea-based biopharmaceutical company that focuses on the development and commercialization of novel biologics. Swaminathan joined Alteogen after they entered into an agreement with Lynkogen and gained full rights to develop the assets. Desai most recently served as Vice President, Head of U.S. Medical Affairs - Oncology at Glaxo Smith Kline. Diamond joins Actinium from Enzo Biochem, where he was Senior Counsel, Patents and Business Development.
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RCI | Hot Stocks09:14 EDT CAFA partners with TSC to spotlight Canadian fashion brands - CAFA and TSC launch a new initiative to bring together and spotlight an inspiring and diverse group of Canadian fashion brands, that includes ai Toronto Seoul, Biko, Brass & Unity, Judith & Charles, Kaela Kay and more
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GRUB FDX | Hot Stocks09:13 EDT Washington Football Team announces partnership with Grubhub - The Washington Football Team announced the launch of its groundbreaking partnership at FedExField with Grubhub, an industry leading online and mobile food ordering and delivery platform. This new partnership marks the first time a professional sports property has partnered with Grubhub and will enhance and expedite the ordering experience and payment process for in-stadium dining at FedExField. As part of this partnership, Grubhub has created a custom ordering experience specifically for FedExField that fans can easily access through the Grubhub app or by scanning QR codes on the back of seats and around the stadium. Utilizing geo location, Grubhub's technology enables fans to place an order with select vendors near their seats, pay directly through the Grubhub app, and pick up their orders through designated concession lanes. Approximately twenty vendors throughout FedExField will be available for ordering on Grubhub. FedExField also will have four food concession locations exclusively for orders placed through the Grubhub app.
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TREX | Hot Stocks09:12 EDT Trex Company expands workforce with clients from NW Works - Trex Company is grateful for its relationship with NW Works. Based in Trex's hometown of Winchester, Virginia, NW Works is a nonprofit organization that provides vocational training and job placement for physically and mentally disabled adults. In August 2020, Trex became one of the many for-profit businesses in the region to partner with the organization, welcoming its clients as employees. Over the past year, these dedicated workers have filled numerous roles on Trex's production team. The company currently employs 14 NW Works clients at its processing and shipping facility, where they help to assemble boxes for shipping Trex products and accessories to the company's global network of distributors, dealers and retail customers.
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MARK | Hot Stocks09:12 EDT Remark Holdings wins $5.0M contract in construction industry - Remark Holdings has received a contract totaling $5.0M to deliver the company's AI-driven workplace safety solutions to 100 industrial real estate construction sites. Primarily in Shanghai, Shenzhen and Guangzhou, 30 sites are expected to be installed by the end of the calendar year, with the balance completed by the end of 1Q22.
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DENN | Hot Stocks09:11 EDT Denny's advances its digital transformation with new website, app - Denny's announced the next phase of its digital transformation, which includes the relaunch of Dennys.com, Denny's on Demand and Denny's mobile app. The new mobile app features enhanced ease-of-use and gives guests access to the latest Denny's news including relevant menu updates. The new Denny's mobile app is available for iOS and Android. Denny's on Demand enables guests to place orders for take-out, curbside pick-up, or delivery. Both the app and website now deliver a more personalized experience. The launch of Denny's new digital platforms is the next phase of the brand's long-term digital transformation strategy by leveraging consumer and visitor data to increase ticket size and guest frequency. More functionality is being rolled out through the rest of 2021 and into next year.
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ATER | Hot Stocks09:10 EDT Aterian reaches agreement with lender to pay down term loan debt - Aterian announced that it has reached an agreement with its lender, High Trail, to pay down its outstanding secured term debt in an aggregate principal amount of $66.3M plus accrued and unpaid interest, which amount will be paid in shares of the Company's common stock in accordance with the terms of the notes evidencing such debt. The remaining $25M term loan debt will now mature in April 2023 and all financial covenants have been restructured. "I am excited to share with our shareholders that Aterian has reached an agreement with its lender to satisfy the majority of its outstanding term debt and has made material progress in reducing its container shipping costs thanks to the support of various strategic shipping partners. These are two important steps that we expect to strengthen our balance sheet and cash flows going forward and allow Aterian to create a capital structure optimized for growth and profitability in 2022," said Yaniv Sarig, Co-founder and CEO of Aterian. "Despite the remaining risk of unpredictable COVID related disruptions, we now see a clearer path to continuing our M&A strategy. We are more optimistic than ever that, on the other side of this global supply chain crisis, we will be well positioned to execute on the vision of building the leading consumer product platform."
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HYDI | Hot Stocks09:10 EDT Hydromer announces North Carolina facility is fully operational - Hydromer is excited to announce that its brand-new facility with extensive new capabilities is fully operational, marking the proud occasion of serving global customers now for over 40 years. Located in Concord, North Carolina, our new facility is a fully FDA certified, ISO9001:2015 and ISO13485:2016 approved site, designed per the latest specifications to accommodate all the Company's functions under one roof, offering the following notable services: Collaborative research and development and manufacturing of coating formulations with production capabilities ranging from initial customer product prototype to scale-up to large quantities, including but not limited to, contract development and supply of custom coatings per customer's needs. Coatings that can be heat or UV-cured, in solvent and water base versions to accommodate any type of coating requirements. Offering a wide range of surface modification processes such as corona, plasma treatment, solvent-cleaning and others, for difficult materials that are becoming the norm in many medical interventional devices such as microcatheters and endoluminal surgeries. Very large, modular ISO-class 8 clean room to accommodate customers' devices of various sizes and quantities, including capabilities to coat devices up to 20-FT in length.Precision coating under magnification for micro-devices with strict tolerances. Expertise in coating complex devices like balloons, intricate IDs, multi-lumen and others, including emerging 3-D printed parts used in device development. Extensive analytical capabilities such as Gas Chromatography with Mass Spectroscopy, High Performance Liquid Chromatography, Fourier Transmission Infra-Red, Spectrophotometers, Contact Angle, Ultra-High resolution video scanning microscope, and other specialized scientific instrumentation. Extensive testing capabilities, including American Society for Testing and Materials, International Organization for Standardization, The Conformite Europeenne and Other standardized methods for friction/pinch force, abrasion resistance, light transmittance, hardness, adhesion, surface tension and others. Customized coating equipment design services developed in-house and tailored to meet customers' specific needs. Quality Assurance offering OQ & PQ validations for customer devices, both new and innovative devices, as well as reprocessed devices, to ensure customer requirements are met.
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VVPR | Hot Stocks09:10 EDT VivoPower announces contract to complete electric works for 119MWdc solar farm - VivoPower International announces that its wholly-owned subsidiary in Australia, J.A. Martin Electrical Pty has been awarded a contract to complete all electrical works for the 119MWdc Hillston Solar Farm in the Riverina region of southwestern New South Wales. Construction has already commenced with the project to be the third Australian solar farm completed by J.A. Martin in partnership with lead contractor GRS and brings J.A. Martin's total of completed and contracted solar farms to over 450MWdc. Once energized, the Hillston Solar Farm will generate approximately 235,000MWh of clean energy per year, enough to power nearly 54,000 homes and avoid over 161,000 tonnes of carbon dioxide emissions annually.
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CCL | Hot Stocks09:10 EDT Carnival targets return to nearly 65% of capacity by December 31, 2021 - The following summarizes Carnival Corporation's brand restart announcements to date, including those contributing to the 50% milestone in October, along with plans for additional ship restarts as part of the company's overall goal to return nearly 65% of capacity by December 31, 2021. North America Brands: Carnival Cruise Line plans to have 13 ships sailing in October and a total of 17 ships by year-end. Princess Cruises plans to have six ships sailing in October, with eight total ships in operation by the end of the year. Holland America Line plans to have four ships in operation in October, with a total of six ships in operation by the end of the year. Additionally, the brand has announced plans for all 11 ships in its fleet to be in service by spring 2022. Seabourn plans to operate its full fleet by spring 2022, including a new expedition ship with its first sailing in April 2022, totaling six ships in service next year. Europe & Asia Brands:Costa Cruises plans to have five ships in operation in October, with a total of six ships in operation by the end of the year. AIDA Cruises plans to have eight ships in operation in October, with a total of 10 ships in operation by the end of the year. P&O Cruises (UK) plans to have three ships in operation in October, with a total of four ships in operation by the end of the year. Additionally, the brand has announced plans to operate its full fleet by spring 2022. Cunard plans to have two of the three ships in its fleet in operation by the end of the year. Additionally, the brand has announced plans to resume operations with its remaining ship in spring 2022.
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FIS | Hot Stocks09:08 EDT FIS recommends shareholders reject 'mini-tender' offer by TRC Capital - Fidelity National Information Services has received notification of an unsolicited "mini-tender" offer by TRC Capital Investment Corporation, TRC, to purchase up to 1 million shares, or approximately 0.16% of the outstanding common stock of FIS as of September 17, at a price of $118.25 per share in cash. TRC's offer price is approximately 4.43% less than the closing price per share of FIS' common stock on September 17, the last trading day before the mini-tender offer commenced. FIS does not endorse TRC's mini-tender offer and recommends that FIS' stockholders do not tender their shares in response to the offer because the offer is at a price below the current market price for FIS' shares. The offer is also subject to numerous conditions, including TRC's ability to obtain sufficient financing to consummate the offer. FIS also recommends that any stockholders who have tendered shares to TRC withdraw those shares by providing the written notice described in the offering documentation before the expiration of the offer. FIS urges stockholders to obtain current market quotes for their shares, to review the conditions to TRC's mini-tender offer, to consult with their brokers or financial advisors and to exercise caution with respect to TRC's mini-tender offer.
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FLYW | Hot Stocks09:08 EDT Flywire appoints Yvonne Hao to board of directors - Flywire announced the appointment of Yvonne Hao to its Board of Directors, effective September 23, 2021. Hao will serve as a Member of the Compensation Committee of the Board. Hao is Co-Founder of the Private Equity Firm Cove Hill Partners.
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NUVCF | Hot Stocks09:08 EDT Nuvei expands payout options for U.S. iGaming operators - Nuvei Corporation announced another enhancement to its suite of payout solutions, this time for U.S. regulated online sports betting and iGaming markets. Consumers can now verify their bank account through Plaid on withdrawals-not only deposits. The Company's new Verified Withdrawals product gives all players the advantage of instant withdrawals, regardless of what method they used to deposit the funds. Verified, instant withdrawals offer an enhanced user experience and are available to operators through Nuvei's Instant Bank Transfer technology. The Company was the first in the North American market to offer real-time payments in sports wagering and iGaming through its acquisition of Mazooma in August.
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ACNB | Hot Stocks09:07 EDT ACNB Corp announces planned retirement of Chief Financial Officer - ACNB announces that David Cathell, Executive Vice President/Treasurer & Chief Financial Officer of ACNB Corporation and ACNB Bank, intends to retire from all of his positions with the corporation and its subsidiaries effective the close of business on May 31, 2022. In addition to Cathell's positions with ACNB Corporation and ACNB Bank, he serves as Vice President & Treasurer of Russell Insurance Group. Kaplan Partners, an executive search and board advisory firm headquartered in suburban Philadelphia, has been retained to initiate a formal comprehensive search to identify a successor for Cathell's position as Chief Financial Officer. Cathell will continue to serve in his positions with ACNB Corporation and its subsidiaries through the search process, as well as will assist during the subsequent transition.
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IMRN | Hot Stocks09:07 EDT Immuron unable to satisfy pre-conditions for proposed acquisition - Immuron would like to provide shareholders and the market with an update to our market announcements of 8 June 2021 and 7 July 2021. The Company has been pursuing a major acquisition of a private biotechnology company focused on the development of innovative vaccine technologies. The Company as a result has been in suspension in order to satisfy the requirements for the combined group - including under ASX listing rules 11.1.2 and 11.1.3 and for requalification of the combined group under chapters 1 and 2 of the ASX listing rules. The Immuron Board of Directors considered that this acquisition opportunity would have added significant value to the Company and shareholders potentially delivering a much-needed Australian developed COVID-19 vaccine candidate for commercialization. The ASX has absolute discretion to re-admit a company to the official list after such a transaction has occurred. After filing with the ASX a detailed ASX In-Principal Advice Application and subsequent lengthy discussions and exchanges with the ASX. ASX advised Immuron that based on the information provided to date, ASX does not currently have sufficient information to enable it to be satisfied that the combined group after the proposed acquisition would meet those requirements under chapters 1 and 2 of the ASX Listing Rules. Immuron as a result is now unable to satisfy the pre-conditions for this proposed acquisition due to the expiration of the existing contractual timetable and will not proceed with the proposed acquisition in its present form. There are no break fees associated with being unable to satisfy the preconditions existing contractual timetable, however professional fees associated with this transaction over the past 4 months are approximately $450k plus GST. Immuron remains focused on its existing business opportunities and the development of our lead drug candidates, currently in clinical development which have the potential to transform the existing treatment paradigms for moderate to severe campylobacteriosis, Enterotoxigenic Escherichia coli infections, travelers' diarrhea and for Clostridiodes difficile infections. The company is also continuing to pursue its research programs to identify the inhibitory molecule/s in IMM-124E which demonstrated neutralizing activity against the severe acute respiratory syndrome coronavirus-2, the virus that causes COVID-19. As a result of Immuron not proceeding with the proposed acquisition at this time. suspension The suspension of trading in the securities of Immuron Limited will be lifted from the commencement of trading on 24 September 2021 Australian Eastern Standard Time and Immuron securities will re-commence trading on the ASX official list.
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TGT | Hot Stocks09:06 EDT Target prepares team for Holiday with more hours, pay & training - Target shared plans to build on years of investments in its team by providing five million more hours to current stores team members this holiday shopping season, resulting in more than $75M more in pay for its existing team. Through a new mobile scheduling app, the retailer will also provide all team members the opportunity to conveniently choose or swap shifts that align with their schedules.
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VERI... | Hot Stocks09:05 EDT Veritone, CBS announce exclusive international content licensing agreement - Veritone (VERI) announced an exclusive international content licensing agreement with CBS News (VIAC). Together for the last 11 years, CBS News and Veritone have served television producers, filmmakers, podcasters and content creators by providing access to the CBS News archives with search and discovery powered by aiWARE. With this new three-year exclusive international agreement, Veritone and CBS News will increase access to millions of hours of archival and breaking news content to the creative community.
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GEVO | Hot Stocks09:05 EDT Gevo acquires Butamax patent estrate - Gevo announces that it has entered into an asset purchase agreement, dated September 21, 2021, with Butamax Advanced Biofuels and its affiliate, Danisco US, to acquire certain patents, leaving Gevo as the only entity with full rights to sublicense the entire Gevo/Butamax isobutanol and isobutanol derivatives patent estate in the fields of fuels, isooctane, industrial chemicals, isobutylene, oligomerized isobutylene, and para-xylene. The transaction contemplated by the Asset Purchase Agreement closed on September 21, 2021 and is subject to certain existing rights and obligations. The Asset Purchase Agreement provides Gevo with direct ownership and management over the entire known isobutanol patent portfolio of Butamax. Butamax previously entered into a patent cross-license agreement with Gevo effective as of August 22, 2015. The Asset Purchase Agreement terminates the Patent-Cross License Agreement in most respects. "Gevo is 'all in' on IBA-related technologies. We are finding strong commercial demand for our products. So, it simply makes sense for us to own the patent estate. In addition, it gives us more flexibility in adding to the combined patent estate and eliminates the complexity for out-licensing that existed under the Patent Cross-License Agreement," commented Dr. Chris Ryan, President and Chief Operating Officer of Gevo.
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PSWW | Hot Stocks09:04 EDT Principal Solar says eTruck on schedule with development of class 6 vehicles - Principal Solar announced that eTruck Transportation is on schedule with the development and planned availability of its class 6 hybrid heavy electric vehicle demonstration vehicles, both of which are planned for Q4 of 2021. eTruck's heavy vehicle EV conversion technology is engineered to enable transportation and logistics companies of all sizes to cost-effectively transition their existing fleets from diesel to high performance hybrid electric fleets without waiting for major truck manufacturers to engineer completely new platforms. eTruck's proprietary system lowers operational costs, reduces fuel consumption and emissions, thus enabling diesel fleets to transition towards electric power, without sacrificing performance, range, or utility. Principal Solar, via its Nexteal subsidiary, is strategically investing in emerging electric vehicle technologies that are ready for near-term commercial rollout, thereby meeting today's market demand with timely, cost-effective, and environmentally-friendly solutions.
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LULU | Hot Stocks09:04 EDT Lululemon partners with COC and CPC as official outfitter of Team Canada - The Canadian Olympic Committee, COC, and Canadian Paralympic Committee, CPC, announced that athletic apparel brand lululemon is the new Official Outfitter of Team Canada. Beginning with the Olympic and Paralympic Winter Games in 2022, the multi-year partnership will span four Games ending after the Los Angeles 2028 Games. Team Canada x lululemon "As a Canadian and lifelong fan of the Games, I could not be prouder for lululemon to partner with the Canadian Olympic Committee and Canadian Paralympic Committee," said Calvin McDonald, CEO, lululemon. "Supporting these incredible athletes as they prepare to compete on the world's largest sporting stage and achieve their goals is a privilege. Through this partnership, all of us at lululemon are honoured to play our part to inspire, unite and transform the world through sport and share in this excitement alongside all of Canada."
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CCL | Hot Stocks09:04 EDT Carnival on pace to restart over 50% of fleet capacity by October - Carnival announced that it expects to return over 50% of its total fleet capacity to guest cruise operations by the end of October, representing an important milestone for the company's previously announced plans to resume service with nearly 65% of its fleet capacity to begin the New Year. To date, eight of the company's nine cruise line brands - Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises and Cunard - have resumed guest sailings. By the end of October, those eight brands have announced they will be operating 42 ships, marking the return of over 50% of the company's global fleet capacity, as part of overall restart efforts around the world. Additional brand updates on the resumption of guest cruise operations will be forthcoming in the coming weeks, including details on ships and itineraries. Collectively, the corporation's brands are resuming operations using a gradual, phased-in approach, with sailings from major global ports in multiple regions around the world, including the U.S., Mexico, Caribbean, United Kingdom, Western Europe and the Mediterranean, among others. The cruises operate with enhanced protocols developed in conjunction with government and health authorities, and informed by guidance from the company's public health, epidemiological and policy experts. This includes operating vaccinated cruises with updated testing and masking policies that follow the latest guidance, while creating extraordinary vacation experiences that continue to generate high guest satisfaction scores.
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BRTX | Hot Stocks09:04 EDT BioRestorative receives notice of allowance for patent application in Israel - BioRestorative Therapies announced that the Israeli Patent Office has issued BioRestorative a Notice of Allowance for a patent application for its metabolic ThermoStem program. Once issued in Israel, the patent will provide patent protection for implantable scaffolds combined with human brown adipose tissue stem cells, which can be implanted into patients. The technology is applicable for potential therapeutic uses for treating a wide range of degenerative and metabolic disorders.
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DD NEE | Hot Stocks09:03 EDT DuPont signs virtual renewable energy PPA with NextEra Energy - DuPont (DD) has signed a virtual power purchase agreement, or PPA, with a subsidiary of NextEra Energy (NEE) with a generation capacity of the equivalent of 135 MW of new wind energy in Texas. The agreement, subject to customary performance conditions, supports DuPont's Acting on Climate goal of reducing absolute greenhouse gas emissions by 30%, including sourcing 60% of electricity from renewable energy, by 2030, and achieving carbon neutrality by 2050. A subsidiary of NextEra Energy Resources is developing the project and will build, own, and operate it. The new wind project - Appaloosa Run Wind - will be built in Upton County, Texas and is expected to be operational by the end of 2022.
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BAX | Hot Stocks09:03 EDT Baxter gets FDA approval for Norepinephrine Bitartrate in 5% Dextrose Injection - Baxter announced the FDA approval and commercial launch of premix Norepinephrine Bitartrate in 5% Dextrose Injection. Norepinephrine is indicated to raise blood pressure in adult patients with severe, acute hypotension. Baxter's formulation of norepinephrine is the first and only manufacturer-prepared ready-to-use formulation and is available in 4 mg/250 mL and 8 mg/250 mL strengths.
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EHTH CVS | Hot Stocks09:03 EDT eHealth names Fran Soistman as CEO, succeeding Scott Flanders - eHealth (EHTH) announced that Fran Soistman has been appointed CEO and member of the eHealth Board of Directors, effective November 1. Soistman succeeds Scott Flanders, who intends to retire as CEO and as a member of the eHealth Board of Directors at that time. To help ensure a seamless transition, Flanders will remain with the company in a consulting capacity through the end of 2021. Soistman recently served as Executive Vice President at CVS Health (CVS) and President of Government Services for Aetna following its acquisition by CVS Health.
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STM | Hot Stocks09:02 EDT STMicroelectronics, Paco Rabanne collaborate on Phantom fragrance - STMicroelectronics announced its collaboration with Paco Rabanne on the European fashion house's new Phantom fragrance for men. Phantom is packaged in a unique connected bottle that uses an embedded NFC tag IC using a popular contactless technology supported by most smartphones to connect to its online "Phantom Universe."
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FLYW | Hot Stocks08:55 EDT Flywire and Ontario Systems partner for new digital healthcare solution - Flywire announced a partnership with Ontario Systems, a provider of enterprise workflow automation software, to offer a new digital solution for healthcare clients. Ontario's healthcare customers will have access to a new digital patient engagement solution, powered by Flywire. This solution embeds Flywire's omni-channel engagement tools directly into Ontario's Artiva HCx platform, personalizing the payment experience for patients.
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NFYEF BYDDY | Hot Stocks08:52 EDT NFI Group supplies five Enviro400EV electric buses for Leeds Park & Ride - NFI Group announced that the BYD UK and Alexander Dennis Limited electric vehicle partnership has supplied five BYD ADL Enviro400EV zero emission double deck buses to the West Yorkshire Combined Authority and bus operator First Bus for the new Stourton Park & Ride service in Leeds.
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KHC | Hot Stocks08:50 EDT Kraft Heinz to acquire Hemmer, terms undisclosed - Kraft Heinz announced that it has entered into an agreement to acquire Hemmer, a Brazilian company focused on condiments and sauces. The acquisition of Hemmer, a 106-year-old company headquartered in Blumenau, Santa Catarina, is designed to expand consumers' taste options in Brazil. The completion of this transaction is subject to regulatory approvals by Brazil's Administrative Council for Economic Defense.
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DOGZ BQ | Hot Stocks08:49 EDT Dogness International expands intelligent pet-tech products on Boqii - Dogness (DOGZ) is expanding availability of its intelligent pet-tech products with Boqii (BQ). Boqii will now make Dogness' intelligent pet-tech products available, including the company's Smart Fountains, Smart Feeders and more, while continuing to provide products from Dogness' traditional product portfolio. Dogness has built an integrated sales platform across all channels and online shopping platforms, as well as live streaming sales platforms hosted by influencers.
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VERX | Hot Stocks08:48 EDT Vertex expands relationship with Acumatica - Vertex announced its Vertex Cloud Indirect Tax solution is now "Fulfilled by Acumatica." By achieving this certification and integrating with Acumatica's cloud-based ERP, Vertex is enabling companies across the globe to easily automate their compliance reporting processes and make informed decisions based on more accurate, real-time tax data. Achieving the "Fulfilled by Acumatica" designation verifies the software accurately integrates with the current release of the ERP system and provides a level of assurance to the customer that it will perform correctly. Companies like Vertex who achieve this distinction have Acumatica's seal of approval to best serve their customer base.
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ORBT | Hot Stocks08:47 EDT Orbit International's Electronics Group receives two new orders totaling $2.1M - Orbit International announced that its Electronics Group, or OEG, received two new orders in the month of September 2021 totaling approximately $2.1M. Deliveries for these orders are expected to commence in the third quarter of 2022 and continue through the first quarter of 2023. Mitchell Binder, President and CEO of Orbit International commented, "These two new orders for our OEG, which include an order in excess of $800,000 for a major program for the U.S. Navy and an order in excess of $1,200,000 for a major aircraft program, highlight our September month-to-date bookings and come on the heels of our previously announced strong consolidated booking month in August 2021 and our OEG's second quarter bookings which were in excess of $3,250,000. These new orders continue to solidify our delivery schedules for 2022. Furthermore, our sales teams for the OEG are working on additional new and follow-on opportunities that we are optimistic will result in additional awards for the fourth quarter, although the timing of the receipt of these awards, particularly from our military customers is uncertain."
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LGIQ | Hot Stocks08:46 EDT Logiq introduces geofencing for Logiq Digital Marketing platform - Logiq has expanded its Logiq Digital Marketing platform to include geofencing-based targeting. Unlike traditional geotargeting that restricts digital ads to audiences in a particular zip code, city, state or country, geofencing is a custom defined area that can outline the boundaries around a particular store, mall, or other physical venue. The technology enables geofencing by using the latitude and longitude coordinates of a consumer digital device, such as a connected TV, smartphone, tablet or PC, to determine their location.
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NWVCF | Hot Stocks08:45 EDT EnWave signs royalty-bearing license with U.S. cannabis MSO - EnWave announced that it has signed a royalty-bearing commercial license agreement with a second large U.S. cannabis multi-state operator. The MSO is one of the largest North American cannabis producers. This License grants the MSO the rights to use REV technology for the rapid and gentle processing of material amounts of premium cannabis. The MSO is also purchasing a large-scale 120kW Radiant Energy Vacuum machine for use at its existing cultivation facility. The 120kW REV machine is anticipated to be commissioned before the end of the 2021 calendar year. Concurrent with the signing of the License, the Company terminated a commercial license agreement previously announced on April 26, 2019. EnWave had fabricated and delivered two 120kW REV machines and one 10kW machine that were fully paid for but never installed. The REV machines have been held in storage since the licensee decided to close certain of its cultivation facilities in Canada. EnWave has repurchased these three machines. To facilitate the commissioning of the 120 kW REV machine sold to the MSO, EnWave will re-sell one of the two repurchased 120kW REV machines. EnWave is optimistic that the second 120kW REV machine will be sold in the coming months to a new or existing licensed partner.
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QUBT LDOS | Hot Stocks08:44 EDT Quantum Computing appoints Willian McGann to board of directors - Quantum Computing (QUBT) has appointed William McGann, Ph.D., to serve on the company's board of directors. McGann brings over 30 years of executive leadership, technology, and science experience. Since 2019, McGann has served as the Chief Technology Officer for the Security, Detection and Automation business at Leidos (LDOS).
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AVTBF | Hot Stocks08:43 EDT Avant Brands completes shipment of Tenzo Vape Cartridges to OCS - Avant Brands announced that it has completed its first shipment of Tenzo Vape Cartridges to the Ontario Cannabis Store. The first drop of Tenzo vape carts are produced from Tenzo's flagship cultivar, Watermelon Mojito Zkittlez which is best-known for its bag appeal and robust terpene profile. This will be followed-on with a second product launch, based on Tenzo's popular Wedding Crasher cultivar. The Tenzo 510-thread vape cartridges were meticulously designed to elevate the consumer experience, using high-end hardware with a strong focus on safety and performance. Tenzo's premium vape carts are made with a curated formulation that consists of a unique blend of solventless-extracted craft cannabis derived terpenes, and 100% all natural botanical terpenes. The carts are offered in a single gram size.
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GBOX | Hot Stocks08:41 EDT GreenBox, Transact Europe commence revenue sharing, licensing cooperation - GreenBox announced the commencement of revenue sharing and bank licensing cooperation with Transact Europe in anticipation of the closing of the recently announced acquisition. GreenBox announced the acquisition of Transact Europe Holdings OOD on July 19, 2021, pending regulatory approval from the Bulgarian National Bank. Transact Europe Holdings OOD is the single entity shareholder of Transact Europe EAD. Transact Europe EAD is an EU regulated electronic money institution headquartered in Sofia Bulgaria and is a principal level member of Visa, worldwide member of MasterCard, and a principal member of China UnionPay. While final approval for the acquisition is pending, GreenBox and Transact Europe have approval to begin cooperation with respect to banking capabilities, such as card issuance and processing volume on GreenBox blockchain ledger technology. Revenue sharing and licensing cooperation will remain in place until the acquisition is officially closed. The acquisition will allow GreenBox to expand its offerings, including merchant accounts, payment accounts, FX services and a host of other services to prospective European clients. It will also provide GreenBox the opportunity to offer its domestic clients expansion into Europe, greatly enhancing value for its existing and prospective U.S. based clients.
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ANF | Hot Stocks08:40 EDT Hollister expands partnership with non-profit The Academy Group - Hollister is furthering its long-term partnership with The Academy Group, a non-profit organization devoted to unlocking opportunity for youth from the most resilient communities. For the fall season, Hollister and The Academy Group have co-created a unique product collection that is dedicated to driving awareness about the education gap in the BIPOC community. Students from The Academy Group collaborated with BIPOC Hollister associates to discuss themes around this important issue and create empowering messages for their communities, such as "EVOLVE TRANSFORM GROW" and "BUILDING A BETTER WORLD TOGETHER," which are featured across t-shirts and hoodies. The collection is available now at www.hollisterco.com while supplies last. Hollister will also donate $180,000 directly to The Academy Group to help drive real change in closing the education gap.
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AYLA | Hot Stocks08:40 EDT Ayala Pharmaceuticals announces publication highlighting activity of AL101 - Ayala Pharmaceuticals announced the publication of two case studies of adult patients with desmoid tumors treated with AL101 in Current Oncology. This publication highlights the potential of a gamma secretase inhibitor for the treatment of desmoid tumors. The data included in the case study are based on earlier Phase 1 results and compassionate use of AL101 in desmoid tumors. Both patients showcased in these case studies, Case One and Case Two, presented with significant tumor burden and symptomatic and life-threatening disease due to disease bulk and location. Both patients achieved long-lasting partial responses, or PR, with AL101 treatment with a maximal decrease in tumor size from baseline of 41% after approximately 1 year of treatment in Case One, and a maximal decrease in tumor size from baseline of 60% after about 1.6 years of treatment in Case Two. With continued monitoring, one patient was able to discontinue AL101 after 4.6 years of treatment, while maintaining a PR, and the other patient has maintained a PR at a reduced AL101 dose. The Phase 2/3 RINGSIDE trial is designed to evaluate the efficacy, safety and tolerability of AL102 in adult and adolescent patients with desmoid tumors. Part 1 of the study is open label and will enroll up to 36 patients with progressive desmoid tumors in three study arms across three doses of AL102 with initial follow up of safety, tolerability and tumor volume by MRI after 16 weeks in order to determine the optimal dose. Part 2 of the study will start immediately after dose selection from part 1 and will be a double-blind placebo-controlled study enrolling up to 156 patients with progressive disease, randomized 2:1 between AL102 or placebo. The study's primary endpoint will be progression free survival with secondary endpoints including objective response rate, duration of response and patient reported Quality of Life measures.
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MECVF | Hot Stocks08:39 EDT mdf Commerce enters partnership agreement with ClearGov - mdf commerce is pleased to announce it has signed a partnership agreement with ClearGov, a leading provider of cloud-based budget cycle and performance management software purpose-built for local governments. Under this partnership, mdf commerce and ClearGov will collaborate to provide end-to-end budgeting and eprocurement solutions to local agencies and schools, as well as equip supplier communities with greater insights into the upcoming needs of their governmental customers.
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SLP | Hot Stocks08:39 EDT Simulations Plus receives new funded cooperative pact for $250,000 yearly - Simulations Plus announced that it has received notice from the U.S. Food and Drug Administration that it has been awarded a new funded cooperative agreement, for $250,000 per year for up to two years, to further enhance the predictive power of the mechanistic Transdermal Compartmental Absorption and Transit, TCAT model in GastroPlus in support of regulatory interactions. Dr. Viera Lukacova, Chief Scientist at Simulations Plus, said: "We have been engaged with various groups at the FDA since 2014 on numerous funded research programs focused on physiologically based pharmacokinetic modeling of complex generics and non-oral administration routes. We are delighted to have earned the FDA's confidence to broaden our relationship with another project through a competitive bidding process. This grant award has several major aims, including the expansion of dermal formulations which can be mechanistically simulated via the TCAT model within GastroPlus, implementation of new virtual population groups, and extension of bioequivalence calculations to account for local skin concentrations. These advancements will enable researchers and regulatory scientists to more quickly, and easily, simulate countless scenarios with improved accuracy, leading to updated scientific and regulatory standards for supporting innovative development and bioequivalence assessments for dermatological products." Under the cooperative agreement, FDA and Simulations Plus scientific and program staff will actively assist and participate in project activities in a partnership role with several leading pharmaceutical, generic, consumer goods, and contract research organizations. Drs. Jessica Spires and Manas Shah, Senior Scientists II at Simulations Plus, will serve as principal investigators and have primary responsibility for the scientific, technical, and programmatic aspects of the award and day-to-day management of the project.
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TRKA | Hot Stocks08:38 EDT Troika Media sponsors Crossroads NFT Exhibit, creates 3-D gallery - Troika Media Group announced that its subsidiary, Troika IO, the digital assets arm of Troika Media Group, is a sponsor of the Crossroads Exhibit, a month-long virtual non-fungible token exhibit under the direction of Umba Daima, a Black-owned creative agency featuring Black and African artists in film, music, and digital art. This 30-day multi-media event series, held from September 25, 2021, through October 24, 2021, in Atlanta, GA, aims to educate diverse communities about blockchain and crypto technologies, and cultivate a connection between the art world, business, and technology-based communities. Troika IO will sponsor a live launch party in Atlanta, Georgia on September 25, 2021, to kick off the first series of NFT experiences for this project. Troika IO believes NFTs are the revenue model for metaverse,the concept of a future iteration of the internet, made up of persistent, shared, 3D virtual spaces linked into a perceived virtual universe. Troika IO will create a virtual digital video setting that will enable virtual guests at the Crossroads Exhibit to participate in the auction and bid on all artworks. In addition to the artwork curated by Umba Daima, Troika IO has donated several NFTs it will be minting for the gallery auction, including items from black artists Travis Scott and Virgil Abloh. Troika IO believes this type of event can createenormous opportunities for individual creators and artists. For TMG's global brand clients that have begun experimenting with NFTs and the metaverse to connect with fans and consumers in new ways, this event and collaboration showcases the Company's ability to elevate digital commodities and experiences quickly and cost-effectively using Bitcoin and digital assets.
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HAPP | Hot Stocks08:37 EDT Happiness Biotech announces Electric Vehicle transaction of over $14M - Happiness Biotech announced that Taochejun Automobile and its subsidiary have signed agreements with Guang'an Ruili to purchase 1350 of the model Bestune B30 EV 400. Bestune, previously known as Besturn, is an automotive marque owned by the Chinese automaker FAW Group. Bestune B30 is the first model developed by FAW's all-new A- segment platform. Taochejun purchased 1350 pure electric vehicles with a total consideration of approximately $14.7M. Ruili is a large auto trading company in Sichuan Province, China.
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SRZN BMY | Hot Stocks08:37 EDT Surrozen appoints Elizabeth Nguyen as VP, Head of Human Resources - Surrozen (SRZN) announced that Elizabeth Nguyen has been appointed as Vice President, or VP, and Head of Human Resources. Nguyen brings over 20 years of experience in organizational design, talent recruitment, building a performance culture, planning and leadership development. Most recently, Nguyen served as the Executive Director, Head of HR Business Partnering & Interim HR Site Head of MyoKardia through its acquisition by Bristol Myers Squibb (BMY).
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VIVE | Hot Stocks08:37 EDT Viveve granted patent from Australian Patent Office for SUI treatment - Viveve announced that the Australian Patent Office has issued Patent No. 2016324168 covering Viveve's method of treatment to address stress urinary incontinence, or SUI, in women. The newly granted patent strengthens the company's intellectual property portfolio as subject enrollment advances in its U.S. pivotal PURSUIT clinical trial for SUI in women.
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OSTK | Hot Stocks08:37 EDT Overstock.com announces national charitable partnership with Mercy Housing - Overstock.com announces its charitable partnership with Mercy Housing, a non-profit organization dedicated to providing affordable homes to individuals and families with low incomes nationwide. As part of the partnership, Overstock commits to provide support, product donations, and employee volunteer opportunities, and to facilitate customer donations on Overstock's website.
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SFET | Hot Stocks08:36 EDT Safe-T announces ZTNA solution integrated with Thales SafeNet service - Safe-T Group announced that it has advanced its partnership with Thales with the availability of a new joint Zero Trust Access solution combining the capabilities of its Zero Trust Network Access solution, ZoneZero, with Thales' SafeNet Trusted Access cloud-based access management service. The two companies will be presenting the solution at the Thales Trusted Access Summit, which is scheduled between October 5th and 6th 2021.
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IAA | Hot Stocks08:36 EDT IAA launches of IAA Transport for transporting purchased vehicles - IAA announces the launch of IAA Transport, which enables buyers to digitally order transportation for purchased vehicles at the time of checkout or post-payment. IAA Transport eliminates the process of manually booking transportation for purchased vehicles - with no phone calls, separate invoices or manual follow-up process needed. In addition, the service provides the assurance that a trusted partner (IAA) is responsible for vehicle movement. At the time of launch, IAA Transport offers U.S. coast-to-coast coverage, along with Hawaii and Alaska, as well as all of Europe, with select global markets to quickly follow. Transport can be ordered at the time of payment and real-time tracking updates are available within IAA's platform to provide visibility into vehicle movement as well as the expected drop-off date. "IAA Transport is a significant advancement in our industry, streamlining the transportation process to ensure easier and more efficient delivery of purchased vehicles," said Justin Mahlik, Sr. Vice President, Global Buyer Development and Data for IAA. "Our buyers are excited about this capability, which represents another example of IAA's ability to leverage technology and innovation to provide efficiency and meaningful value to our growing buyer base."
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TBLT | Hot Stocks08:35 EDT ToughBuilt expands European distribution footprint across France - ToughBuilt Industries announced that several large home improvement retailers will offer ToughBuilt products in nearly 500 stores across France. ToughBuilt's new retail customers include well-recognized national and multinational chain brands including Toolstation, Setin Group and Gedimat. Michael Panosian, Chief Executive Officer of ToughBuilt, commented, "ToughBuilt continues to gain market share in Europe, successfully penetrating some of the fastest growing and leading home improvement chains. France is a multibillion-dollar market, representing a significant opportunity for ToughBuilt, which we believe will strengthen our relationships with international retailers and allow us to gain brand recognition with professional contractors and do-it-yourself consumers."
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KOPN | Hot Stocks08:35 EDT Kopin receives $850,000 follow-on order - Kopin announced it has received an approximately $850,000 follow-on order for its proprietary Lightning 2K silicon backplane wafers.
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DTSS | Hot Stocks08:34 EDT Datasea signs $3.87M procurement contract for short message, 5G services - Datasea announced that its wholly-owned subsidiary, Shuhai Zhangxun Information Technology had signed a $3.87M procurement contract for Short Message and 5G Multimedia Message Services with Liangzi Xuntong Technology. Pursuant to the Contract, Shuhai Zhangxun will provide Messaging Services to help Liangzi Xuntong reach its clients. The Messaging Services include but are not limited to granting Liangzi Xuntong 1) access to Shuhai Zhangxun Short Message and 5G Multimedia Message platforms; 2) an access code issued by the Ministry of Industry and Information Technology to adopt the services, and 3) the telecommunications gateways of the three major Chinese mobile operators to allow data to flow from one discrete network to another. Liangzi Xuntong undertakes that the total purchase value of this engagement would be no less than approximately $3.87M. The term of the Contract is one year, during which the service fees will be prepaid by Liangzi Xuntong on a monthly basis based on its estimated amount of messages to be sent and Shuhai Zhangxun will provide to Liangzi Xuntong an invoice listing the details of services and fees within the first five days of the next month.
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SOLO | Hot Stocks08:34 EDT ElectraMeccanica appoints Kevin Pavlov as CEO - ElectraMeccanica Vehicles announced that current COO Kevin Pavlov has been appointed as CEO, effective immediately. Pavlov assumes the title from former CEO Paul Rivera and will also join ElectraMeccanica's Board of Directors. In his expanded role Pavlov will continue to be responsible for overseeing operational growth as ElectraMeccanica ramps up commercial production with a focus on enhancing profitability and efficiency.
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RAND | Hot Stocks08:33 EDT Rand Capital sells all holdings in Centivo for $2.4M in proceeds - Rand Capital announced that it sold all of its equity holdings in Centivo Corporation for gross proceeds of approximately $2.4M. Centivo was held at a fair value of $1.4M and represented 2.4% of Rand's net assets, each at June 30. With the exit, Rand expects to record a gain of approximately $1.6M in Q3.
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APO | Hot Stocks08:33 EDT Apollo Global names Matt Michelini as head of Asia-Pacific - Apollo Global Management announced that it has named Senior Partner Matt Michelini as Head of Asia-Pacific, overseeing the Firm's investment and non-investment activities as well as external relationships in Asia-Pacific, covering all sub-regions and products. He will continue in his role as Global Co-Head of Apollo Hybrid Value and support the growth of Apollo's Private Equity business in Asia. Apollo Senior Partner Steve Martinez will assume the role of Vice Chairman of Asia-Pacific, building and strengthening some of the Firm's most strategic relationships in the region, and he will continue in his role as a Senior Partner within Private Equity. Michelini will initially be based in Hong Kong and will oversee the expansion of Apollo's offices across APAC, including Hong Kong, Singapore, Sydney and Tokyo, and in coordination with Mumbai.
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POWW | Hot Stocks08:33 EDT AMMO awarded US Department of Defense contract for developing SoT rounds - AMMO announces it has been awarded a contract by the Irregular Warfare Technical Support Directorate, or IWTSD, formerly CTTSO, formed and operating under the U.S. Department of Defense, to design and manufacture signature-on-target rounds, or SoT, in support of U.S. military operations. The SoT ammunition is being developed to provide warfighters with the ability to see the impact of rounds fired from their weapon systems on a wider variety of targets, both day and night. The SoT ammunition allows the machine gunner to see bullet impacts without a visible signature in flight exposing their firing location in the manner which occurs with currently utilized tracer ammunition.
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GP | Hot Stocks08:32 EDT GreenPower Motor delivers 10 all-electric cab and chassis to WeShip - GreenPower Motor announced that WeShip has taken delivery of 10 GreenPower EV Star Cab and Chassis that will be used in a utility in Southern California. WeShip and GreenPower secured HVIP vouchers in the amount of $66K per EV Star Cab and Chassis for a total of $660K in funding for this project, and GreenPower provided lease financing to fund the remainder of the purchase price.
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SF | Hot Stocks08:32 EDT Stifel Financial hires Ed Ribaudo as head of leveraged finance capital markets - Stifel Financial announced the hiring of Ed Ribaudo as a Managing Director and Head of Leveraged Finance Capital Markets. In this new role, Mr. Ribaudo is responsible for leading the firm's Leveraged Finance Capital Markets and Syndicate functions and is based in Stifel's New York City office. Mr. Ribaudo joins Stifel from Houlihan Lokey, where he co-founded and built the firm's syndicated leveraged finance platform, enabling it to provide underwritten commitments on broadly syndicated leveraged loans.
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CVE | Hot Stocks08:30 EDT Cenovus announces early tender results, increase of pending maximum tender offer - Cenovus Energy announced the early tender results of its previously announced cash tender offer and that it has increased the maximum aggregate purchase price for the Maximum Tender Offer from up to a maximum aggregate purchase price of $1,000,000,000 to up to a maximum aggregate purchase price of $1,250,000,000 of its outstanding 3.800% Notes due 2023, its outstanding 4.000% Notes due 2024, its outstanding 5.375% Notes due 2025, its outstanding 4.250% Senior Notes due 2027 and its outstanding 4.400% Notes due 2029. Cenovus also announced that it has eliminated the Series Tender Cap for the 2025 Notes. The terms and conditions of the Maximum Tender Offer are described in the Offer to Purchase.
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ITRN | Hot Stocks08:24 EDT Ituran purchases remaining stake of Ituran Spain Holdings - Ituran has purchased the remaining 18.72% of shares that it did not own in Ituran Spain Holdings, formerly called Road Track Holding prior to its acquisition by Ituran in July 2018. This was in line with the original acquisition agreement with the former shareholders of this subsidiary. The company will pay the minority shareholders approximately $11.2M. This is based on a subsidiary valuation of $60M, which is the same valuation of the subsidiary as has been reflected in Ituran's financial statements.
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OBNNF | Hot Stocks08:21 EDT Osisko Mining reports results from ongoing program at Windfall gold project - Osisko Mining is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec. Significant new analytical results presented below include 87 intercepts in 21 drill holes and 20 wedges. The infill intercepts are located inside defined February 2021 mineral resource estimate blocks. The expansion intercepts are located outside the February 2021 MRE blocks and either expand resource wireframes or are in a defined zone or corridor but do not yet correlate to a specific wireframe. Selected high-grade intercepts include: 632 g/t Au over 5.3 metres in OSK-W-21-1432-W6; 1,096 g/t Au over 2.7 metres in OSK-W-21-2549; 60.4 g/t Au over 3.4 metres in WST-21-0851A; 79.3 g/t Au over 2.5 metres in WST-21-0871; 92.9 g/t Au over 2.0 metres in WST-21-0741; 89.0 g/t Au over 2.0 metres in OSK-W-21-2531-W2; 78.4 g/t Au over 4.2 metres, 57.7 g/t Au over 3.0 metres, and 53.3 g/t Au over 2.8 metres in WST-21-0872; and 37.2 g/t Au over 3.9 metres in OSK-W-21-2555.
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TFFP | Hot Stocks08:19 EDT TFF announces topline results from Phase 1 trial of inhaled Tacrolimus Powder - TFF Pharmaceuticals announced topline results from the recently completed Phase 1 clinical trial for Tacrolimus Inhalation Powder showing a promising safety profile and demonstrating therapeutic drug levels can be achieved at low doses. Among the approximately 4,000 lung transplantation procedures performed each year worldwide, high tacrolimus blood concentrations are common and known to be associated with Acute Kidney Injury that can progress to Chronic Kidney Disease. Inhaled Tacrolimus Powder, which is delivered directly to the lung, offers a potentially attractive option for lung transplantation patients by maintaining higher concentrations at the site of the graft while not exposing other organs to supra-therapeutic plasma levels that are well known to cause renal damage in a substantial portion of these patients. Therapeutic drug monitoring is a routine practice in lung transplant recipients where tacrolimus dosing is continually titrated to maintain plasma concentrations within a narrow therapeutic window. Tacrolimus trough plasma concentrations in a range of 5-15 ng/mL are generally regarded as necessary for effective immunosuppression and a range of 10-15 ng/mL is used in the first year following transplant to minimize rejection. However, the challenge for lung transplant patients is to ensure sufficiently high local concentrations of tacrolimus are maintained in the lung to prevent acute allograft rejection without inducing renal toxicity. The trial was conducted with the standard format for a Phase 1 program: A single ascending dose phase with single inhalation doses of Tacrolimus Inhalation Powder of 0.5 mg, 1 mg, 2.5 mg and 5 mg was administered to four cohorts of healthy volunteers. The eight subjects in each cohort included six subjects randomized to receive tacrolimus and two randomized to receive placebo. A total of 24 subjects received active study drug. A multiple ascending dose phase with three total cohorts. Two cohorts received repeated administration of Tacrolimus Inhalation Powder every 12 hours over 7 days at doses of 0.5 mg and 1.0 mg, and a third cohort received repeated administration of 1.5 mg once daily for seven days. The eight subjects in each cohort included six subjects randomized to receive tacrolimus and two randomized to receive placebo. A total of 18 subjects received active study drug. Topline pharmacokinetic data from the Phase 1 study included: In the SAD phase of the study, inhaled delivery of tacrolimus resulted in mean trough blood levels of 10 ng/mL 12 hours post-dosing for subjects that received a dose of 5 mg, which falls within the desired range for maintenance immunosuppression following lung transplant. As previously reported in July, subjects from the MAD phase of the study who received doses of 0.5 mg twice daily and 1.0 mg twice daily achieved 12-hour trough steady state blood levels of tacrolimus that averaged 6.8 and 14.9 ng/mL, respectively, demonstrating that Inhaled Tacrolimus Powder can achieve blood levels generally deemed to be sufficient for efficacious immunosuppression. New data reported showed that once daily dosing with 1.5 mg of Inhaled Tacrolimus Powder resulted in mean 12-hour trough blood levels of 6.3 ng/mL and mean 24-hour trough blood levels of 4.8 ng/mL, consistent with the desired therapeutic ranges for lung transplant patients. TFF Pharmaceuticals expects to take critical steps toward beginning its Phase 2 clinical study of Inhaled Tacrolimus Powder by the end of 2021. The goal of the Phase 2 study, which will be an open-label study conducted in lung transplant patients who are experiencing kidney toxicity, is to test the hypothesis that Inhaled Tacrolimus Powder can provide adequate systemic exposure while maintaining higher drug levels in the lung, thereby reducing the risk of acute allograft rejection and improving symptoms of renal toxicity. Patients currently receiving oral tacrolimus will transition to a flexible dosing regimen of inhaled tacrolimus. The inhalation dose will be able to be adjusted weekly to achieve the desired blood level assigned by each patient's physician and ongoing biomarker-based assessments. Safety results from the Phase 1 trial included: In both phases of the trial, the reported adverse events were generally mild and consistent with those known to be related to tacrolimus exposure. There was no evidence of decreased pulmonary function, and based on the ECG assessments administered to all subjects, there were no instances of QTc prolongation. In the SAD portion of the study, no serious adverse events (SAEs) occurred. The most common side effects were mild and included headache, altered taste, throat irritation, and chest tightness. In the MAD portion of the trial, four patients experienced mild hypomagnesemia, a known adverse effect of tacrolimus. All four patients were in the 1.0 mg BID dosing cohort. Importantly, three of the four subjects had 12-hour trough blood levels of tacrolimus that exceeded the upper limit of the optimal range for lung transplant patients. All four patients, after receiving magnesium supplementation, had their magnesium levels return to baseline. Other mild AEs in the MAD portion of the study included headache, altered taste, throat irritation, and chest tightness. One subject experienced a headache with moderate severity that was deemed unrelated to study medication. A single Serious Adverse Event was reported as possibly drug-related in a subject in the 1.5 mg QD dose cohort of the MAD phase of the study. The subject experienced confusion approximately 3.5 hours after receiving the seventh dose. The effects resolved spontaneously within 30 minutes and the subject was not admitted to hospital. During this event, no abnormal lab results, ECG traces, or physical exam results were found. This, combined with the transient nature and spontaneous resolution without changes in drug concentrations, leads to an unclear relationship between the drug and the adverse event. A review by the safety management committee concluded that it was safe to continue dosing the remainder of the cohort.
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OSUR | Hot Stocks08:19 EDT OraSure receives up to $13.6M from BARDA to support InteliSwab FDA clearance - OraSure Technologies announced that the Biomedical Advanced Research Development Authority, or BARDA, part of the office of the Assistant Secretary for Preparedness and Response at the U.S. Department of Health and Human Services, will provide up to $13.6M in funding for the Company to obtain 510(k) clearance and Clinical Laboratory Improvement Amendments waiver for OraSure's InteliSwab COVID-19 rapid test from the Food and Drug Administration. InteliSwab is a "swab, swirl, and see" test that uses an integrated swab to self-collect a sample from the lower nostrils. The result appears right on the test stick within 30 minutes. It has three Emergency Use Authorizations from the Food and Drug Administration for professional point-of-care use, prescription home use, and over-the-counter use. "Rapid COVID-19 antigen tests can help to facilitate containment and minimize outbreaks by detecting those individuals infected with COVID-19. Testing with InteliSwab is expected to be an important component of governments', private industries' and communities' response to the COVID-19 pandemic, along with vaccination and protection," said OraSure President and CEO, Stephen Tang, Ph.D. "Once received, this full regulatory clearance will help ensure continued availability of the InteliSwab COVID-19 Rapid Test long-term." The InteliSwab(TM) COVID-19 Rapid Test is authorized for emergency use for the duration of the public health declaration. With FDA 510(k) clearance, InteliSwab can continue to be marketed without a public health emergency declaration from the Secretary of the Department of Health and Human Services (HHS). Following 510(k) clearance, the Company will pursue Clinical Laboratory Improvement Amendments waiver for InteliSwab, ensuring the test can continue to be performed by an untrained user outside of the laboratory setting. This project has been funded in whole or in part with federal funds from BARDA, part of the U.S. Department of Health and Human Services; Office of the Assistant Secretary for Preparedness and Response under contract number 75A50120C00061.
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HONE | Hot Stocks08:17 EDT HarborOne buys Massachusetts savings bank branch locations from Rockland Trust - HarborOne Bancorp announced that the Bank has agreed to acquire four former East Boston Savings Bank branches located in Brighton, Cambridge and Brookline, Massachusetts from Rockland Trust Company further extending HarborOne's footprint in Greater Boston. The transaction is subject to a number of contingencies and is expected to close after the completion of Rockland Trust's acquisition of East Boston Savings Bank later this year. The new locations will accelerate the Bank's expansion strategy within Greater Boston, which began with the opening of a Boston loan production office on Broad Street in 2018, quickly followed by a full service branch at the same location in 2019. New HarborOne branch locations in Quincy and South Boston have opened over the last year. A market-driven activation strategy has generated over $370 million in loans outstanding and over $100M in deposit relationships from these locations. "These new branches will expand our Greater Boston regional presence at a time of substantial market disruption caused by the sale of several community banks," said Joe Casey, HarborOne Bank President and Chief Operating Officer. "We believe our experienced neighborhood banking teams will be in a unique position to provide the personal, consultative banking services that we are known for, and customers will come to trust the overall banking experience that we deliver."
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RCI | Hot Stocks08:16 EDT Rogers Communications expands 5G network to Dartmouth and Bedford - Rogers Communications today announced that it has further expanded Canada's 5G network in Dartmouth and Bedford, Nova Scotia. Rogers has now delivered Atlantic Canada's first 5G network to 16 communities across the region, including to the cities of Halifax, Moncton, Saint John and Fredericton, as part of a broader series of investments in Canada's east coast.
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NOVN | Hot Stocks08:15 EDT Novan reports safety data from B-SIMPLE4 phase 2 study of SB206 - Novan announced the comprehensive safety data readout as part of the Company's B-SIMPLE4 Phase 3 study of SB206 for the treatment of molluscum contagiosum. B-SIMPLE4 was a multi-center, double-blind, randomized, vehicle-controlled study that exceeded its enrollment target by randomizing 891 patients in the study, across 55 clinical sites. The primary endpoint for the study is the proportion of patients with complete clearance of all treatable molluscum lesions at Week 12. In June 2021, Novan reported statistically significant positive topline results for the primary endpoint of complete clearance of all treatable lesions at Week 12 in its B-SIMPLE4 pivotal Phase 3 clinical study of SB206. Consistent with results from the Company's prior Phase 2 and Phase 3 studies, SB206 was also found to be safe and well tolerated in the B-SIMPLE4 study at Week-12. In July 2021, the Company announced that the last patient had completed their planned Week-24 follow-up visit in the B-SIMPLE4 study. The treatment emergent adverse events profile of SB206 through the Week-24 visit was found to be favorable and consistent with the previous Phase 3 studies, B-SIMPLE1 and B-SIMPLE2. The TEAEs reported in greater than 5% of subjects in the SB206 treated groups were all at the application site with the high majority of these TEAEs being mild or moderate by severity. Molluscum, caused by the molluscipoxvirus, is known to occasionally heal with some scarring, or small pitting at the lesion site. Scar formation was assessed by the investigator, regardless of the size of the scar, throughout the study for TEAEs, as well as occurrence. The TEAEs for scarring throughout the study were slightly higher in the vehicle group vs. SB206. Subjects treated with SB206 showed a lower occurrence of scarring at the Week-24 visit when compared to vehicle. These findings were generally consistent with observations from B-SIMPLE1 and B-SIMPLE2. Paula Brown Stafford, President and Chief Executive Officer, commented, "Now with these safety data in hand, combined with our robust clinical efficacy data, we look forward to sharing our promising data package from the B-SIMPLE program with the FDA during a pre-NDA meeting targeted in the first half of 2022, as we pursue our path forward for Novan's SB206 molluscum product candidate in the U.S."
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HARP | Hot Stocks08:14 EDT Harpoon Therapeutics CFO buys 10.3K shares of common stock - In a regulatory filing, Harpoon Therapeutics disclosed that its CFO Georgia Erbez bought 10.3K shares of common stock on September 22nd in a total transaction size of $83.4K, boosting her stake by about 12%. Shares of Harpoon Therapeutics are up about 4% in pre-market trading at $8.42.
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APO | Hot Stocks08:14 EDT MidCap Financial announces strategic capital relationship with Lafayette Square - MidCap Financial announced the start of a non-exclusive strategic capital relationship with Lafayette Square, an impact investment platform founded by Damien Dwin that is working locally to create an inclusive American economy. Through this new relationship, sourced through Apollo's Expanding Opportunity initiative, MidCap Financial and Lafayette Square expect to collaborate on future opportunities that positively impact communities across the country. In their first joint transaction, Lafayette Square and MidCap Financial Trust have agreed to provide a senior secured facility to Zero Waste Recycling, a leader in full-service recycling and non-hazardous waste processing, to support an employee-led buyout. The financing will help ZWR support long-term wealth creation for ZWR's employee base.
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DELL VMW | Hot Stocks08:14 EDT Dell Technologies to announce approval of $5B share repurchase plan - Dell Technologies (DELL) will announce approval of a share repurchase program of up to $5B effective November 2021, upon the projected completion of the VMware (VMW) spin-off, at which time it expects to reach investment-grade corporate family credit rating. In addition, the company will announce that it plans to initiate a quarterly dividend with an attractive yield in its fiscal 2023 first quarter, subject to approval by its board of directors, targeting an annual dividend of approximately $1B. The company will announce the actual dividend rate and other information about the dividend program upon board approval. Dell Technologies is targeting returning 40%-60% of adjusted free cash flow to shareholders through share repurchases and dividends, starting in fiscal 2023.
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TGTX | Hot Stocks08:13 EDT TG Therapeutics announces publication of results from safety analysis of UKONIQ - TG Therapeutics announced the publication of results from an integrated safety analysis of UKONIQ, the company's inhibitor of PI3k-delta and CK1-epsilon, in patients with relapsed or refractory lymphoid malignancies in Blood Advances, a journal of the American Society of Hematology. Michael Weiss, the company's Chairman and Chief Executive Officer stated, "We are pleased that the integrated safety analysis of 371 patients treated with UKONIQ has been published in Blood Advances. We believe these data further support the differentiated safety profile of UKONIQ, the first and only PI3k-delta and CK1-epsilon inhibitor, which is now commercially available to patients with relapsed or refractory marginal zone lymphoma and follicular lymphoma. As we strive toward obtaining FDA approval of the investigational combination of UKONIQ and ublituximab, U2, in CLL by the PDUFA goal date of March 25, 2022, furthering our understanding of the safety and tolerability profile of UKONIQ remains paramount to us." The manuscript includes integrated comprehensive toxicity data from 4 open-label phase 1 and 2 studies that included 371 adult patients with relapsed or refractory non-Hodgkin lymphoma, including patients with follicular lymphoma, marginal zone lymphoma, diffuse large B-cell lymphoma/mantle cell lymphoma, chronic lymphocytic leukemia, and other. All patients were treated with umbralisib at 800mg or higher once daily. At data cutoff, median duration of umbralisib treatment was 5.9 months, and 107 patients received umbralisib for greater than or equal to 12 months. Key highlights from this manuscript include: the most common grade greater than or equal to 3 treatment-emergent adverse events were neutropenia, diarrhea, and increase aminotransferases; AEs of special interest were limited and included pneumonia in 29 patients, noninfectious colitis in 9 patients, and pneumonitis in 4 patients; treatment-emergent serious AEs occurred in 95/371 patients; AEs led to discontinuation of umbralisib in 51 patients; and no cumulative toxicity over time was observed.
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RSVR AMZN | Hot Stocks08:13 EDT Reservoir Media 'applauds' agreement between NMPA, Twitch - Reservoir Media applauded the new agreement between the National Music Publishers' Association and interactive livestreaming service Twitch to work together to build productive partnerships between the service and music publishers. Per the official announcement, this agreement allows for the economics of new gaming models to increase visibility and revenue for songwriters. Twitch will provide opportunities to music publishers to opt-in and bring new facets to both the gaming experience and songwriter exposure. These collaborations will create an even more dynamic and expansive environment for people to discover, watch, and interact with songwriters. Golnar Khosrowshahi, Reservoir's Founder and CEO, who is also an NMPA Board Director said, "This agreement with Twitch marks another important step forward for songwriters, music publishers, and rights holders. We will never stop advocating for our creators to ensure their works are compensated and valued. Reservoir looks forward to working with Twitch on rich and innovative collaborations for our catalog."
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GE | Hot Stocks08:12 EDT GE to buy advanced surgical visualization firm BK Medical for $1.45B - GE has entered into an agreement to acquire BK Medical, a leader in advanced surgical visualization, from Altaris Capital Partners for a cash purchase price of $1.45B. BK Medical is an innovator in global intraoperative imaging and surgical navigation, used to guide clinicians during minimally invasive and robotic surgeries and to visualize deep tissue during procedures in neuro and abdominal surgery, and in ultrasound urology. BK Medical is headquartered in Boston and Copenhagen with more than 650 employees and is delivering double-digit revenue growth. GE Healthcare Ultrasound President and CEO Roland Rott said, "Adding the fast-growing and relatively new field of real-time surgical visualization to GE's pre- and post-operative Ultrasound capabilities will create an end-to-end offering through the full continuum of care-from diagnosis through therapy and beyond. GE Healthcare and BK Medical share a passion for clinical innovation, and I'm excited to welcome BK Medical to our team." This transaction is expected to create value by further strengthening BK Medical, including through significant synergies with the benefit of GE's technology and commercial scale. This transaction enables BK Medical's Active Imaging platform to reach new customers and new markets around the world, and the combination of GE Healthcare's diagnostic imaging technology with BK's ability to enable decision-making and surgical visualization in intervention will allow better decision-making throughout the care continuum. GE Healthcare expects BK Medical to deliver rapid revenue growth as well as margin expansion and free cash flow growth. GE Healthcare also expects high-single-digit return on invested capital by year five. The parties expect the transaction to close in 2022, subject to review by the relevant regulatory authorities.
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OPRT | Hot Stocks08:11 EDT Oportun Financial extend $2M low-interest loan to Opportunity Finance Network - Oportun Financial announced it is extending a $2 million low-interest loan to the Opportunity Finance Network, the proceeds of which will be used to make loans to other Community Development Financial Institutions serving low- and moderate-income communities. This loan replaces the $1 million low-interest loan that Oportun previously extended to OFN.
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BAM | Hot Stocks08:10 EDT Brookfield, Elion Partners announce $1B strategic partnership - Brookfield and Elion Partners announced a $1B strategic partnership expanding Brookfield's Real Estate Secondaries' logistics portfolio across core infill markets. Brookfield recapitalized Elion Logistics Park 55, a Chicago industrial park with the potential to develop approximately $1B of industrial real estate. The project includes five existing Class A industrial assets totaling four million square feet that are 100% leased, as well as the potential to develop up to 15M square feet of additional industrial properties going forward. The logistics park is located adjacent to the BNSF railway, offers numerous tenant amenities including essential travel and repair services, and benefits from tax increment financing. Park Madison Partners acted as the exclusive capital advisor for recapitalization. The investment also included an $80M equity commitment to Elion's latest affiliated value-added fund, Elion Real Estate Fund V, which held its final closing last month achieving its hard cap of $500M. A majority of Fund V's portfolio was prespecified upon Brookfield's commitment, representing more than 3.2M square feet of logistics real estate across infill coastal markets.
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XELA | Hot Stocks08:10 EDT Exela Technologies expands DrySign electronic signature platform to the UK - Exela Technologies announced the launch of its comprehensive electronic signature solution, DrySign, in the UK following a well-received rollout in the North American and Indian markets. DrySign enables users to cost effectively sign documents from almost anywhere, requiring only an internet-enabled device. DrySign is a sustainable platform as it eliminates the need to print, scan, email, and post documents, ultimately saving paper and benefitting the environment. With the acceleration of remote working and widespread social distancing, traditional in-person signing practices are being challenged and organizations of all sizes are increasingly adopting electronic signature solutions.
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RDVT | Hot Stocks08:08 EDT Red Violet announces formal launch of advisory board - Red Violet announced the formal launch of its "Innovations in Identity" Advisory Board, comprised of industry luminaries and accomplished executives, to provide strategic guidance in support of the company's expansion in current and new markets. The "Innovations in Identity" Advisory Board includes the following members: Dan Hesse - Chairman of the Board of Akamai Technologies. Lou Anne Alexander - Chief Product Officer of Early Warning Services. James Mirfin - Global Head of Digital Identity and Fraud Solutions at Refinitiv. Ralph A. Rodriguez- Identity Market Expert; Executive-in-Residence, Summit Partners. Brian Russell - SVP, Head of Enterprise Platform, Identity Management and Authentication at U.S. BanK.
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IKT | Hot Stocks08:08 EDT Inhibikase Therapeutics receives NIH grant to evaluate MSA candidate - Inhibikase Therapeutics has been awarded a $385,388 research grant from the National Institute of Neurological Disease and Stroke, an Institute of the National Institutes of Health - NIH -, to evaluate the therapeutic potential of IkT-148009, the company's lead c-Abl inhibitor, in a novel preclinical model for Multiple System Atrophy. MSA is a rare, rapidly progressive neurodegenerative movement disorder affecting both the central and autonomic nervous systems. Symptoms of MSA manifest as failures in the autonomic nervous system, Parkinsonism cerebellar ataxia, and pyramidal signs. There are currently no approved therapies to slow or halt the progression of MSA and there is no cure. This grant will allow Inhibikase to evaluate the mechanism of the MSA disease process in a novel rodent model to determine if IkT-148009 could have the same therapeutic impact on the disease process as it has in models of Parkinson's disease.
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SAIC | Hot Stocks08:08 EDT SAIC announces Kevin Brown joins company as chief information security officer - Science Applications International announced that Kevin Brown has joined the company as chief information security officer, CISO. In this role, Brown leads the company's cybersecurity strategy and oversees critical cybersecurity areas including incident response, disaster recovery, awareness, business resilience, monitoring, remediation, threat intelligence and information governance. Brown reports to Nathan Rogers, SAIC's chief information officer. "Kevin is a seasoned cybersecurity professional who has experience working at SAIC as well as other leading technology and manufacturing companies," said Rogers. "His knowledge of cybersecurity operations and the threats that cyber professionals face on a daily basis positions Kevin as the expert SAIC needs to protect the critical systems and data for our company as well as our customers. We are pleased to welcome him back to SAIC."
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DARE | Hot Stocks08:08 EDT Dare Bioscience initiates Phase 1/2 clinical study of DARE-VVA1 - Dare Bioscience announced the initiation of a Phase 1/2 clinical study of DARE-VVA1, a novel intravaginal tamoxifen product being developed for the treatment of moderate to severe vulvar and vaginal atrophy, or VVA. The randomized, double-blind, placebo-controlled study is designed to evaluate the safety, pharmacokinetics and pharmacodynamics of DARE-VVA in postmenopausal participants with moderate to severe VVA and is being conducted by the company's wholly owned subsidiary in Australia. Sabrina Martucci Johnson, Dare's President and Chief Executive Officer said, "We're encouraged by an exploratory study of intravaginally administered tamoxifen published in Clinical and Experimental Obstetrics and Gynecology , that demonstrated improvements in vaginal pH and vaginal dryness without significant systemic absorption of tamoxifen in postmenopausal women with VVA, together with studies of tamoxifen conducted over the last 40 years that have documented its estrogen-like effects on the vaginal epithelium. We're excited for the clinical advancement of DARE-VVA1 as a potential non-hormonal treatment alternative for this population." The Phase 1/2 study will evaluate different doses of DARE-VVA1, a tamoxifen vaginal insert, in approximately 40 postmenopausal women with VVA, including a cohort of women with a history of breast cancer. The study is a randomized, multi-center, double-blind, parallel-arm, placebo-controlled, dose-ranging study that will evaluate the safety, tolerability, plasma pharmacokinetics and pharmacodynamics of DARE-VVA1.Following a screening visit, DARE-VVA1 will be self-administered intravaginally once a day for the first two weeks, and then twice a week for the following six weeks for a total treatment period of 56 days. In each treatment group, participants will have serial blood sampling for PK analysis and undergo safety evaluations and preliminary assessments of effectiveness. Participants will also attend a safety follow-up visit. The primary endpoints of the study will evaluate the safety and tolerability of DARE-VVA1 by vaginal administration and determine the plasma PK of DARE-VVA1 after intravaginal application. Secondary endpoints will evaluate preliminary efficacy and PD of DARE-VVA1 in terms of most bothersome symptom and changes in vaginal cytology and pH.
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TWST | Hot Stocks08:07 EDT Twist Bioscience announces collaboration with deepCDR - Twist Bioscience announced a collaboration with deepCDR, a private company focused on applying deep learning algorithms to antibody discovery and optimization.
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CSTM F | Hot Stocks08:07 EDT Constellium to supply aluminum structural components for Ford F-150 Lightning - Constellium SE (CSTM) announced that it will supply aluminium structural components for the recently introduced all-electric Ford (F) F-150 Lightning that is expected to be available Spring 2022. The F-150 Lightning, and all F-Series pickup trucks, extensively use high-strength aluminium alloys. Constellium-supplied structural components for the F-150 Lightning include the windshield header, rocker, radiator support, and others.
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DPW | Hot Stocks08:06 EDT Ault Global Holdings invests $2.25M in Unique Electric Solutions for 7% stake - Ault Global Holdings announced that it has invested in Unique Electric Solutions, or UES, a privately held developer of electric vehicle, or EV, propulsion systems for commercial trucks and school buses. The investment will enable UES to increase production while diversifying into adjacent markets. Moreover, AGH's subsidiary, TurnOnGreen will work with UES to provide commercial EV charging stations and fleet management software solutions to UES and its customers. UES manufactures EV and fuel cell electric vehicle, or FCEV, propulsion systems for medium and heavy-duty trucks, transit, and school buses. Its uniqueEV platform, driven by proprietary machine-learning software, has been field-proven through performing daily service for United Parcel Service in New York City and California since 2018. In addition, UES has secured contracts with two of New York City's largest school bus operators to convert their school buses to electric propulsion. AGH invested $2.25M for a 7% stake in UES, which can increase to 10% upon the exercise of warrants acquired by AGH. In addition, AGH has the right to participate up to 50% of any future investment by third parties in UES during the next two years. AGH and UES agreed that when UES achieves higher-volume orders for its EVs, they will look to enter into a long-term lease for manufacturing space at an AGH manufacturing facility. The company's investment will enable UES to increase output of repowered vehicles, address a backlog of pending orders and accelerate the introduction of new EVs while diversifying into market adjacencies. This partnership will allow TurnOnGreen, a supplier of EV chargers and energy storage systems, to accelerate expansion of services into new vertical markets, including federal, state, and municipal bus fleets along with last-mile delivery service fleets like UPS and other package and food delivery companies.
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CDK | Hot Stocks08:06 EDT CDK Global to acquire insurance technology platform Salty Dot, no terms - CDK Global has entered into a definitive agreement to acquire Salty Dot ," a convenient, mobile-first solution that helps consumers secure the insurance they need for their vehicle seamlessly without leaving the car-buying experience," the statement noted Salty's technology will further expand CDK's suite of digital offerings and grow its total addressable market beyond the digitization of traditional dealer workflows. This new capability will also enable dealers to create a new, recurring revenue stream from within the $311B U.S. automobile insurance market and develop deeper consumer relationships beyond the vehicle sale. Salty is licensed in all 50 states and is available to all dealers nationwide-not just those that use CDK's DMS or customer relationship management system. Salty is an early stage product with rapid long-term growth potential but will not impact CDK's current fiscal 2022 guidance.
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ADV | Hot Stocks08:05 EDT Advantage Solutions announces client spotlight conference call with Upfield - Advantage Solutions announced that the company will host a client spotlight conference call with Upfield, on October 6, 2021 at 5:00 p.m. During the call, Advantage CEO Tanya Domier and Upfield Regional CEO for the Americas Tim Brown will discuss the evolution of the strong Upfield/Advantage partnership, the state of play across consumer packaged goods, and the full suite of solutions they deploy together. Dan Riff, Chief Strategy and Investor Relations Officer, will moderate and field questions from the audience.
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DLHC | Hot Stocks08:05 EDT DLH wins FEMA contract for COVID-19 emergency medical services in Alaska - DLH Holdings announced that it has been awarded a contract to provide medical countermeasures and emergency medical services for hospitals, long-term care facilities, and schools throughout Alaska as the state responds to an increase in COVID-19 cases. Under a Federal Emergency Management Agency, or FEMA, contract to provide support for states seeking temporary hospital support during the COVID-19 pandemic, this competitively awarded contract for Alaska has a ceiling value of $87M for the 90-day base period. It provides for three one-month optional extensions after the initial period of performance. As the prime contractor, DLH will manage the emergency medical logistics coordination for the healthcare services teams fielded by its subcontractor, which will provide a significant percentage of the services. Under this contract, DLH will leverage its relationship with a temporary medical staffing firm to place medical support personnel in communities throughout the state. These medical professionals will augment existing healthcare staff, supporting around the clock coverage to counter the COVID-19 pandemic.
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PNT | Hot Stocks08:05 EDT Point Biopharma announces initiation of randomization for Phase 3 SPLASH study - POINT Biopharma Global announced that the dosimetry and safety run-in of its Phase 3 SPLASH study evaluating PNT2002 for Metastatic Castrate Resistant Prostate Cancer met all pre-specified criteria allowing for initiation of the randomization phase without changes to the study design. The open-label safety and dosimetry lead-in dosed 27 patients with PSMA-expressing mCRPC who have progressed on novel anti-androgen therapy and are ineligible or averse to chemotherapy. This phase met all pre-specified criteria based on renal absorbed dose, clinical toxicity and preliminary efficacy. Data from the safety and dosimetry lead-in will be presented at an upcoming scientific conference. Enrollment for the randomization phase has commenced in Canada and will continue to expand to additional countries throughout North America, United Kingdom and Europe. The Phase 3 SPLASH study is a multi-center, randomized, open label assessment of PNT2002 in patients with PSMA-expressing mCRPC who have progressed on Androgen receptor-axis-targeted therapies therapy and refuse or are not eligible for chemotherapy. The randomization phase of the study is expected to enroll approximately 400 patients across North America, Europe and the UK. Patients will be randomized 2:1 with patients in arm A receiving PNT2002 and patients in arm B receiving either Abiraterone or Enzalutamide. Patients in arm B who experience centrally assessed radiographic progression and meet protocol eligibility will have the option to crossover and receive PNT2002. Patients will be subject to follow-up for up to 5 years from first PNT2002 dose. The primary endpoint of the study is radiographic progression-free survival. Key secondary endpoints include overall response rate, overall survival, and pharmacokinetics. POINT anticipates meeting with regulatory agencies in North America, United Kingdom and Europe to gain alignment on requirements for planned submissions after data readout from the SPLASH trial.
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UPH | Hot Stocks08:04 EDT UpHealth to build 260 digital health clinics in Democratic Republic of Congo - UpHealth has entered into an agreement with the Democratic Republic of Congo, through a venture with TSHELA, a project partner of UpHealth, to build 260 digital clinics and healthcare centers to provide healthcare across the country. These healthcare centers will be outfitted with UpHealth's proprietary technology for comprehensive digital patient care. The centers will be constructed by the end of the year and open to patients in early 2022. The projected overall revenues over the next five years from the agreement with the DRC are $136M, of which UpHealth is expected to receive approximately $66.6M. The 500-square-foot UpHealth digital clinics and health centers are prefabricated, modular structures that are powered by solar technology, making it possible to deliver care in remote locations.
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LNC | Hot Stocks08:03 EDT Lincoln National enters $1.5B reinsurance agreement with Talcott Resolution - Lincoln Financial announced it has entered into an agreement with Talcott Resolution Life Insurance to reinsure up to $1.5B in sales of Lincoln's variable annuity living benefit rider. The transaction covers business issued from April 1 through June 30, 2022. Under the terms of the reinsurance agreement, Lincoln Financial will retain account administration and recordkeeping of the annuity policies. Lincoln Financial will cede $1.5B of living benefit riders but retain 100% of the base contract cash flows. The transaction will have no impact on Lincoln Financial's relationship with, or commitments to, its distribution partners and policyholders. Additionally, Lincoln Financial remains focused on the continued growth of its variable annuity business, with plans to introduce new products and further expand distribution to achieve successful long-term growth. The transaction is dated September 17 and is structured as a coinsurance treaty with a comfort trust to mitigate counterparty credit risk.
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SYY | Hot Stocks08:02 EDT Sysco announces launch of eight new concepts via Cutting Edge Solutions platform - Sysco Corporation announced the nationwide launch of eight concepts exclusively for Sysco customers through the company's Cutting Edge Solutions platform. These chef-tested and exclusive products provide foodservice operators with on-trend menu options such as plant-based ingredients as well as innovative to-go solutions that will help them stand out in the ever-evolving foodservice environment. Sysco Classic Tamper Evident Fry Containers ensure that your food will arrive in the same condition it left. Perfect for takeout and delivery, these containers feature a cross-ventilation system that helps fried foods stay fresh, crispy, and delicious. Sysco's Classic Sous-Vide Sirloin Steak is made from USDA Choice grade beef. This sous-vide product innovation ensures a perfectly cooked steak every time, and helps operators save on labor while delivering a consistent, quality meal experience to their patrons. Sysco Classic Sous-Vide Sirloin Steak allows any foodservice operator to serve steakhouse quality steaks. Sysco's Imperial Mashup Desserts are a fun, creamy and delicious, thaw-and serve cheesecake that will turn dessert into an experiential occasion with mashups of some favorite flavors, including cotton candy, lemon poppy and apple caramel. These innovative desserts will create Instagram-worthy moments while satisfying patrons' craving for a bit of sweet nostalgia. Sysco Simply Plant-Based Cauliflower Tortillas are great-tasting, gluten-free, vegan tortillas/wraps free of egg, dairy, and soy. They perform like traditional tortillas and are an excellent alternative for those customers who want to eliminate or limit gluten in their diet. With a hearty-but-smooth texture, Sysco Simply Plant-Based Sprouted Hamburger Buns are a better-for-you blank canvas for burgers, breakfast sandwiches, bunwiches, and more. Sysco's Simply Plant-Based Protein is made of a superfood blend of oats, beans and peas. This versatile and unique, ready-to-prepare plant-based protein ingredient easily replaces meat in any dish. Sysco's Earth Plus 100% Recycled Hot Cups are made of 100% post-consumer recycled fiber and it's also recyclable. These cups feature a unique kraft paper design to help operators appeal to customers looking for more sustainable options to reduce their environmental impact.
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DKNG | Hot Stocks07:59 EDT Cathie Wood's ARK Investment bought about 760K shares of DraftKings on Wednesday
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UIS | Hot Stocks07:59 EDT Unisys signs contract with Wisconsin DWD - Unisys announced that it has signed an agreement with the State of Wisconsin Department of Workforce Development, a new Unisys client, to provide a cloud-based contact center solution that will improve the experience of how citizens interact with government. Signed in the second quarter, the new platform provides the DWD with the scalability and flexibility to address the constantly-evolving needs of government programs. The solution better connects citizens to various government programs, including unemployment insurance, employment and training, and worker's compensation. It will further allow the DWD to enhance its existing communication channels, including chat and text, as well as provide the ability to better monitor interactions and enhance real-time reporting. It will also position the agency to advance its roadmap for the next generation of digital user experience and robotic process automation and artificial intelligence tools.
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KTOS | Hot Stocks07:58 EDT Cathie Wood's ARK Investment bought 97.3K shares of Kratos Defense on Wednesday
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TDOC | Hot Stocks07:57 EDT Cathie Wood's ARK Investment bought 182.6K shares of Teladoc on Wednesday
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ABSSF | Hot Stocks07:55 EDT AirBoss of America announces new credit facilities - AirBoss of America announced that it has updated its senior secured credit facilities with an expanded syndicate of major banks to increase the available size, extend the maturity date, and provide the Company with improved terms, lower pricing and increased flexibility. Key changes include the following: Increased revolving credit availability to $250M with an accordion of $75M; Elimination of the Company's amortizing term loan; The maturity date is now September 23, 2026; No principal payments prior to maturity; More flexible financial covenants and conditions related to size of permitted acquisitions. The increased facilities are intended to cover upfront working capital costs necessary to execute on the Company's existing and potential future contracts, as well as provide increased flexibility to execute on the Company's inorganic growth strategies. The expanded syndicate of lenders consists of The Toronto-Dominion Bank, as sole lead arranger, National Bank of Canada, Comerica Bank, J.P. Morgan, Bank of Montreal, Canadian Imperial Bank of Commerce and Royal Bank of Canada.
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RPAY | Hot Stocks07:50 EDT Repay Holdings in strategic partnership with AR, AP automation provider Veem - Repay Holdings announced it has entered into a commercial partnership agreement with Veem to expand each party's B2B payment capabilities. With the agreement, REPAY will expand its ability to deliver cross-border payment options, and Veem will broaden its capabilities by leveraging REPAY's core B2B virtual card and acquiring technology. In addition to the commercial relationship between REPAY and Veem, REPAY has made a minority equity investment in Veem to provide additional support for Veem's go-forward growth. The investment was financed with cash on hand and pro forma net leverage is expected to remain at the current level of approximately 2.8x. "This mutually beneficial commercial agreement and investment strengthens our relationship with a strategic and long term B2B partner," said Darin Horrocks, EVP of REPAY's B2B business. "We are excited to partner with the Veem team to offer our clients a more robust B2B offering, with the help of Veem's cross-border technology. This should help us unlock more of the massive global B2B payments market, which is estimated at approximately $125 trillion today and anticipated to grow to $200 trillion over the next decade. Additionally, REPAY will enhance Veem's offering by providing Veem customers with access to REPAY's issuing technology and virtual payment capabilities. With our companies now strategically aligned, we expect this to be the beginning of a long and successful partnership." This partnership with REPAY will empower business users to conduct globalized business transactions with ease and convenience," said Bimal Shah, Head of Corporate Development for Veem. "Merchants today demand fast, reliable and secure payments. To meet these needs, we're excited to join forces and give REPAY users access to our digital payment offerings. The digital payments revolution is in full swing and we are thrilled to complement our existing transnational technology products with REPAY."
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RNAZ | Hot Stocks07:47 EDT Transcode announces data supporting therapeutic potential of TTX-MC138 - TransCode Therapeutics announced that preclinical research supporting its lead candidate, TTX-MC138, was published in Cancer Nanotechnology. The article, entitled "Radiolabeling and PET-MRI microdosing of the experimental cancer therapeutic, MN-anti-miR10b, demonstrates delivery to metastic lesions in a murine model of metastatic breast cancer," resulted from research conducted at the Athinoula A. Martinos Center for Biomedical Imaging in the Department of Radiology at Massachusetts General Hospital and Harvard Medical School. ..The key results of the study demonstrated that TTX-MC138, when injected intravenously, accumulated in metastatic lesions. These results suggest that TransCode's TTX platform delivers its therapeutic candidate as intended and the company believes supports clinical evaluation of TTX-MC138. In addition, the investigation describes the development of a microdosing PET-MRI approach that could potentially be used for measurement of TTX-MC138 biodistribution in cancer patients and its delivery to clinical metastases. The capacity to carry out microdosing PET studies in patients under an exploratory investigational new drug application protocol would represent an important step on the path to clinical translation because it could facilitate and expedite approval from the U.S. Food and Drug Administration for initial human studies. TransCode expects to file an exploratory investigational new drug, eIND, application for TTX-MC138 in the first quarter of 2022 to support a Phase 0 study in patients with metastatic cancer. Under an eIND, FDA approval may be obtained more quickly and at lower cost than with a traditional IND for therapeutic agents.
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RILY DDI | Hot Stocks07:48 EDT B. Riley Financial commences tender offer for up to 2M ADSs of DoubleDown - B. Riley Financial (RILY), through its wholly owned subsidiary, B. Riley Securities, commenced its previously announced cash tender offer for the purchase of up to 2M American Depositary Shares of DoubleDown (DDI). B. Riley is offering to purchase up to 2M ADS of DDI, each representing 0.05 of a common share of DDI, that are not held by B. Riley or any of its subsidiaries. The Offer Price is $18.00 per DDI ADS, to be paid net to the seller in cash. B. Riley is making this Offer to increase its investment and because it believes the current market value for the ADS is not reflective of DDI's intrinsic value. The Offer is scheduled to expire at 12:00 midnight, NYC time, on October 22unless the Offer is extended or earlier terminated.
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RNAZ | Hot Stocks07:47 EDT Transcode announces data supporting therapeutic potential of TTX-MC138 - TransCode Therapeutics announced that preclinical research supporting its lead candidate, TTX-MC138, was published in Cancer Nanotechnology. The article, entitled "Radiolabeling and PET-MRI microdosing of the experimental cancer therapeutic, MN-anti-miR10b, demonstrates delivery to metastic lesions in a murine model of metastatic breast cancer," resulted from research conducted at the Athinoula A. Martinos Center for Biomedical Imaging in the Department of Radiology at Massachusetts General Hospital and Harvard Medical School. ..The key results of the study demonstrated that TTX-MC138, when injected intravenously, accumulated in metastatic lesions. These results suggest that TransCode's TTX platform delivers its therapeutic candidate as intended and the company believes supports clinical evaluation of TTX-MC138. In addition, the investigation describes the development of a microdosing PET-MRI approach that could potentially be used for measurement of TTX-MC138 biodistribution in cancer patients and its delivery to clinical metastases. The capacity to carry out microdosing PET studies in patients under an exploratory investigational new drug application protocol would represent an important step on the path to clinical translation because it could facilitate and expedite approval from the U.S. Food and Drug Administration for initial human studies. TransCode expects to file an exploratory investigational new drug, eIND, application for TTX-MC138 in the first quarter of 2022 to support a Phase 0 study in patients with metastatic cancer. Under an eIND, FDA approval may be obtained more quickly and at lower cost than with a traditional IND for therapeutic agents.
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XRAY | Hot Stocks07:41 EDT Dentsply Sirona announces new sustainability strategy - Dentsply Sirona announced its updated sustainability strategy, the release of its inaugural sustainability report, and new sustainability hub on its website. Dentsply Sirona's disclosure is aligned with the guidelines from the Sustainability Accounting Standards Board and the Task Force for Climate-related Financial Disclosures. "Dentsply Sirona's sustainability strategy focuses on three strategic pillars: 'Healthy Planet,' which strives to mitigate the environmental impact of our operations; 'Healthy Smiles,' which focuses on improving oral health quality and access globally, supporting our customers and fostering a healthy company culture; and, 'Healthy Business,' which ensures our business is built via responsible and transparent practices and the effective integration of sustainability principles across all aspects of our business," the company said. 2020 sustainability highlights and the next milestones: "Healthy Planet" highlights: established a robust baseline for Scopes 1 and 2 greenhouse gas emissions, and implemented a range of on-site emissions reduction initiatives; set out to reduce Scopes 1 and 2 GHG Emissions Reduction more than or equal 15% by 2025, and to achieve net zero carbon emissions by 2050; 6% YOY decrease in total waste per measure of net sales, and set out to reduce total waste more or equal than 15% by 2025; and established a goal to reduce water withdrawal for manufacturing/warehouse operations by more or equal to 15% by 2025. "Healthy Smiles" highlights: trained more than 1M dental professionals in 2020; nearly 7,300 Clinical Education and training courses conducted in 80 countries; set goal to achieve 25 million smiles by 2025; working to achieve gender parity and gender pay parity by 2025; and more than $10M provided in cash and in-kind donations to philanthropic and community initiatives. "Healthy Business" highlights: 50% of Board members are gender and/or ethnically diverse, with average tenure of 5 years; 60% of Board committees chaired by women; and 91% of Board is independent.
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CDOR BX | Hot Stocks07:40 EDT Condor Hospitality to sell hotel portfolio for $305M, adopt plan of liquidation - Condor Hospitality (CDOR) Trust announced that it has entered into an agreement with affiliates of Blackstone Real Estate Partners (BX) to sell its entire portfolio of hotels in a $305M transaction. This is an all cash transaction without the assumption of any existing debt. Completion of the transaction, which is expected to occur in Q4, is subject to customary closing conditions, including the approval of the company's shareholders. The buyer has entered into voting agreements with certain shareholders of the company that hold approximately 60% of the outstanding common shares pursuant to which such holders have agreed to vote their shares in favor of the transaction. The company also announced that the company's board of directors has unanimously adopted a plan of liquidation and dissolution. The plan of liquidation contemplates an orderly wind down of the company's business affairs. Following the closing of the sale of the hotel portfolio and the payment of outstanding liabilities, along with the taking of other actions specified in the plan of liquidation, including reserving for certain contingent liabilities and claims, the company intends to distribute certain net proceeds from the sale of the hotel portfolio to the company's shareholders in one or more liquidating distribution installments. The implementation of the plan of liquidation is conditioned on obtaining approval of the company's shareholders.
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MSSTF | Hot Stocks07:40 EDT Mindset announces inclusion in AdvisorShares Psychedelics ETF - Mindset Pharma announced that it has been included in the AdvisorShares Psychedelics ETF traded on the NYSE Arca under the ticker symbol "PSIL."
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CRLBF | Hot Stocks07:39 EDT Cresco Labs to acquire Cure Penn for $90M in cash and stock - Cresco Labs announced the execution of a definitive agreement to acquire 100% of the outstanding equity interests in Bay, Cure Pennsylvania or Cure Penn, for an aggregate consideration equal to $90M. The Transaction is expected to close in Q4 of 2021. Cresco Labs .The aggregate consideration amount for the Transaction is equal to Ninety Million Dollars, $90,000,000, and will be satisfied at closing through the payment of cash and stock. The Transaction will be completed on a cash-free, debt-free basis with a mutually agreed upon normalized target level of working capital. The closing of the Transaction is subject to, among other things, the approval and receipt of all required CSE and regulatory approvals...The aggregate consideration amount for the Transaction is equal to Ninety Million Dollars, $90,000,000, and will be satisfied at closing through the payment of cash and stock. The Transaction will be completed on a cash-free, debt-free basis with a mutually agreed upon normalized target level of working capital. The closing of the Transaction is subject to, among other things, the approval and receipt of all required CSE and regulatory approvals.
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THRY | Hot Stocks07:39 EDT Thryv Holdings launches Google My Business Optimization add-on - Thryv Holdings announced the launch of a Google My Business Optimization add-on. The new feature helps small businesses get found online and chosen over their competition. With a heavy emphasis on Google integrations within its software platform, including Reserve with Google, a centralized GMB dashboard, Gmail email service and more, Thryv has grown the number of connected GMB profiles from fewer than 1,000 to more than 30,000 connected profiles in the last two years.
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NMG | Hot Stocks07:38 EDT Nouveau Monde proceeding with complete feasibility study with BBA - Production from this phase-1 anode material beneficiation line will support the ongoing engineering of the large-scale phase-2 battery material plant. Following positive results of an internal FEL-1 scoping study earlier this year, Nouveau Monde is proceeding with the complete feasibility study with its consulting firm BBA, which is scheduled to be completed in Q2-2022. Upon completion of the study, Nouveau Monde intends to transition to the execution phase of the Phase 2 project on the Company's 200,000 m2 land parcel in the Becancour Industrial Park. By expanding its advanced materials manufacturing platform, Nouveau Monde strives to position itself as a leading western producer capable of supplying tier-1 customers at every step of graphite transformation. Backed by its scaled development and proprietary technologies, the Company is actively engaging with tier-1 EV and battery manufacturers in its effort to negotiate a long-term cornerstone supply agreement
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NMG | Hot Stocks07:37 EDT Nouveau Monde initiates test batches at phase-1 purification facility in Quebec - Nouveau Monde's commercial-size shaping unit has been producing spherical graphite since Q1-2020. To support its phase-1 expansion, the Company has collaborated with a Western World equipment manufacturer during the past last year to test a new shaping technology. The successful results have led Nouveau Monde to purchase another commercial-scale module, hence doubling its production capability. The new state-of-the-art unit should further elevate the products' quality and provide customers with a greater variety of specs. Site preparation has started at the Company's demonstration plant ahead of the delivery and installation. The equipment commissioning is expected to be carried out in early 2022 for a production start and ramp up during 2022. In parallel, Nouveau Monde has initiated test batches at its phase-1 purification facility in Becancour, Quebec, as it finalizes production parameters. The Company plans to start supplying 99.95%-pure spherical purified graphite to potential customers before the end of Q3-2021. Last month, Nouveau Monde submitted a patent application for its proprietary thermochemical purification technology, which offers a greener and more sustainable alternative to that currently used in traditional anode material production. As the third and final step in the beneficiation for anode material, Nouveau Monde has integrated coating into its advanced manufacturing platform. The value-added transformation entails applying a nanometric layer of amorphous carbon on the surface of SPG to reduce the graphite's porosity, decrease exfoliation, and therefore increase the performance and life span of batteries. Laboratory testing has already validated Nouveau Monde's technology with demonstrated superior performance over the anode material from Asian commercial producers. Nouveau Monde is leveraging existing technology for this special application and harnessing its access to hydroelectricity to power the unit, hence reducing energy consumption by 25% compared to current practices and improving the coated spherical purified graphite environmental footprint. Through its R&D program, the Company is also validating the possibility of upgrading the co-products of the shaping step via coating, which could benefit Nouveau Monde's profitability at the commercial stage. Detailed engineering is advanced at more than 50% for the Company's coating line, and procurement of all key equipment was completed earlier this year. Gradual deliveries of equipment are scheduled to arrive at the Company's plant starting in Q4-2021 and continue into the new year. Construction and commissioning activities will follow accordingly, with the objective of commencing production around the end of Q1-2022.
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MNMD | Hot Stocks07:37 EDT MindMed and Liechti Lab provide results from psilocybin R&D collaboration - MindMed announced that Dr. Matthias Liechti presented data from several ongoing studies at the INSIGHT Conference in Berlin, Germany being conducted as part of MindMed's ongoing collaboration with the UHB Liechti Lab. Novel findings presented include: the perceptual effects of a dose of 100 mcg LSD were found to be equivalent to a dose of 20 mg psilocybin in healthy volunteers. This is the first direct clinical evidence demonstrating the equivalence of psilocybin and LSD on acute psychedelic effects. Psilocybin was found to be safe to administer together with an antidepressant. Daily pretreatment with escitalopram for two weeks prior to psilocybin administration, reduced anxiety and blood pressure increases associated with psilocybin but did not reduce the acute psychedelic experience in healthy volunteers.
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NMG | Hot Stocks07:36 EDT Nouveau Monde provides update on Phase-1 LiB anode material project - Nouveau Monde Graphite is enhancing its production capacity for advanced graphite solutions through investments in phase-1 operations. The Company is deploying its business strategy to test manufacturing technologies, refine processes, inform commercial development, and support technical marketing and product qualification efforts targeting the lithium-ion batteries market. Nouveau Monde's investment in developing this initial advanced graphite materials manufacturing platform is supported by continued engagement with potential tier-1 customers in the EV and battery sector. Thus far, these manufacturers, with whom the Company is engaged in commercial discussions and/or have signed MoUs and NDAs, represent a total projected yearly production capacity of approximately 1 TWh by 2030 that would correspondingly require over 1 million tonnes per annum of battery-grade graphite. For graphite concentrate to be used as anode material, three beneficiation steps are required to reach the optimal physical properties and performance: shaping, purification, and coating. Nouveau Monde plans to leverage its access to the large, high-purity Matawinie graphite deposit as feedstock for its value-added transformation, hence capitalizing on operational efficiency, product traceability, and greater margins from its vertically integrated business model. The Company's phase-1 capacity is targeted at 2,000 tpa of anode material with scope for significant expansion in Phase 2 to help meet the demand from battery manufacturers seeking locally sourced and environmentally friendly materials.
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IOVA | Hot Stocks07:35 EDT Iovance Biotherapeutics initiates clinical supply of TIL cell therapy - Iovance Biotherapeutics reported that the Iovance Cell Therapy Center, or iCTC, successfully manufactured and delivered the first clinical batch of tumor-infiltrating lymphocyte, or TIL, cell therapy LN-145. The first Iovance clinical study participant infused with LN-145 manufactured at iCTC is enrolled in a metastatic non-small cell lung cancer cohort in the IOV-COM-202 basket study in solid tumors. Igor Bilinsky, Ph.D., Chief Operating Officer of Iovance, stated, "We are thrilled to announce that one of our clinical study participants has received the first infusion of our internally manufactured Iovance TIL cell therapy. I applaud the efforts of our Iovance team at iCTC in achieving the important construction and manufacturing milestones that led to this moment. Moving forward, we are diversifying between internal and external TIL manufacturing for clinical studies, and iCTC remains on track to provide commercial supply upon potential product approval. Establishing our internal manufacturing capabilities is a top priority at Iovance to ensure broad access to and reduce the costs of Iovance TIL cell therapy." The iCTC, located at the Philadelphia Navy Yard, is the first centralized, scalable manufacturing facility dedicated to producing TIL cell therapies for patients with solid tumor cancers. With approximately 136,000 square feet of space, the iCTC is among the largest cell therapy manufacturing facilities today. The iCTC is currently supplying Iovance clinical studies, and commercial manufacturing is expected to begin after initial product approval. The current capacity is expected to meet the demand for thousands of patients per year with multiple types of cancers.
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CMI | Hot Stocks07:34 EDT Cummins receives U.K. award to accelerate hydrogen engine development - Cummins announced that its hydrogen-fueled internal combustion engin, H2-ICE, program is beginning development of a medium-duty 6.7-liter and a heavy-duty 15-liter engine. "We've established significant goals as part of our PLANET 2050 sustainability strategy, including a target of zero emissions," said Srikanth Padmanabhan, President, Engine Business, Cummins Inc. "Reducing well-to-wheels carbon emissions requires innovation of both energy sources and power solutions. While use cases for battery electric and fuel cell electric powertrains are promising, the pairing of green hydrogen in the proven technology of internal combustion engines, provides an important complement to future zero emissions solutions." Based on next generation platforms, the goal for the new hydrogen engines is to achieve zero carbon emissions, and enhanced power density and improved thermal efficiency. "Cummins' leadership and deep knowledge in the global natural gas vehicle market and gaseous-fueled technologies will enable us to develop these new hydrogen-fueled internal combustion engines for medium and heavy-duty markets," added Padmanabhan. We are ready to accelerate the pace of our H2-ICE program to ensure Cummins continues to be a leader in this new, exciting technology."
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MITO | Hot Stocks07:34 EDT Stealth Biotherapeutics presents preclinical data of SBT-272 in Parkinson's - Stealth BioTherapeutics presented new data from a study evaluating the effects of SBT-272 in a murine model of Parkinson's disease. SBT-272 is a novel, clinical-stage product candidate which is known to cross the blood-brain barrier. The data were presented at the International Parkinson and Movement Disorder Society Virtual Congress 2021. In the study, mice were injected with viral particles. Following the injection, the mice displayed PD pathology and aggregation of alpha-synuclein and markers of neuroinflammation. Systemic daily administration of SBT-272 at two different doses significantly protected against the loss of dopaminergic neurons and the aggregation of pathological alpha-synuclein. In addition, the higher dose of SBT-272 significantly reduced two different markers of neuroinflammation. Overall, the data demonstrate that SBT-272 has a neuroprotective effect in this model of PD. The neuroprotection activity observed in the PD model was supported by an additional collaborative study in which systemic SBT-272 treatment protected brain mitochondria against damage caused by ischemic stroke. Taken together, these data show potential for SBT-272 as a systemically administered therapy for treating neurodegenerative diseases.
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KHTRF INCY | Hot Stocks07:33 EDT Knight Therapeutics enters supply, distribution agreement with Incyte - Knight Therapeutics (KHTRF) announced that it has entered into a definitive agreement with Incyte Biosciences International Sarl, the Swiss-based affiliate of Incyte (INCY), for the exclusive rights to distribute tafasitamab and pemigatinib in Latin America. Under the terms of the agreement, Incyte will be responsible for the development, manufacture and supply to Knight of tafasitamab and pemigatinib, and Knight will be responsible for seeking the necessary regulatory approvals and distributing both medicines in Latin America. Tafasitamab in combination with lenalidomide is approved in the United States and Europe for the treatment of adult patients with relapsed or refractory diffuse large B-cell lymphoma who are not eligible for autologous stem cell transplant. DLBCL is the most common type of non-Hodgkin lymphoma, and there are approximately 12,000 - 16,000 new cases of DLBCL each year in Latin America. Pemigatinib is approved in the United States, Europe and Japan for the treatment of adult patients with locally advanced or metastatic cholangiocarcinoma with a fibroblast growth factor receptor 2 fusion or rearrangement that have progressed after at least one prior line of systemic therapy. Cholangiocarcinoma is the most common cancer of the bile duct. FGFR2 fusions or rearrangements have been observed in 10-16%3 of patients with intrahepatic cholangiocarcinoma, whereas the incidence in patients with extrahepatic cholangiocarcinoma is rare. There are approximately 4,000 - 6,000 new cases of intrahepatic cholangiocarcinoma each year in Latin America.
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VVOS | Hot Stocks07:33 EDT Vivos Therapeutics announces formation of new medical consortium - Vivos Therapeutics announced the official formation of the Vivos Medical Consortium. This physician working group will collaborate to advance Vivos' OSA technology capabilities and includes physicians with specialties in sleep medicine, neurology, pediatrics, pulmonology, anesthesiology, pain medicine, otolaryngology, obstetrics and gynecology, cardiology, and forensic pathology from prominent academic institutions in the U.S. and Canada. Led by Drs. Clete Kushida of Stanford University and Cecilia Wu of the University of Alberta, the Vivos Medical Consortium will assist the company with the planning, dissemination and conduct of key research initiatives, enhancing physician-dental collaborations, and expanding novel applications of the Vivos technology for additional medical conditions. Members of the Vivos Medical Consortium include: Clete Kushida MD PhD, Co-Chair; Cecilia Wu MD, Co-Chair; Fred Lin MD; Manisha Witmans MD; Samuel DeMaria MD; Seth Heckman MD; and Yury Khelemsky MD. Commenting on the anticipated impact of the Vivos Medical Consortium, Vivos Chairman and CEO Kirk Huntsman stated, "Obstructive sleep apnea is a serious medical problem, yet it is one that, through the use of the Vivos technology, now has a highly effective medical solution that can be delivered by a dentist. With the guidance of the Vivos Medical Consortium, we look forward continuing to advance our technology and presence in the medical and dental communities and fulfilling our mission statement of combating this devastating disease by treating the underlying cause of OSA with minimal impact on quality of life. We are hopeful that our Medical Consortium will facilitate wider adoption of our technology for patients who would benefit from our non-surgical, non-invasive solution."
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CCJ... | Hot Stocks07:22 EDT Cameco, GE Hitachi, GEH SMR, SGE collaborate on deployment of BWRX-300 SMRs - Cameco (CCJ), GE Hitachi Nuclear Energy (GE, HTHIY), GEH SMR Technologies Canada and Synthos Green Energy have entered into a Memorandum of Understanding to evaluate the potential establishment of a uranium fuel supply chain in Canada capable of servicing a potential fleet of BWRX-300 small modular reactors in Poland. Synthos, a manufacturer of synthetic rubber and one of the biggest producers of chemical raw materials in Poland, is interested in obtaining affordable, on-demand, carbon-free electricity from a dependable, dedicated source. In 2019 SGE and GEH agreed to collaborate on potential deployment applications for the BWRX-300 in Poland. SGE and GEH signed a strategic agreement in 2020 that further advanced the cooperation. Cameco supplies uranium, uranium refining and conversion services to the nuclear industry worldwide. In July 2021, Cameco, GEH and Global Nuclear Fuel-Americas agreed to explore several areas of cooperation to advance the commercialization and deployment of BWRX-300 SMRs in Canada and around the world. The BWRX-300 is a 300 MWe water-cooled, natural circulation SMR with passive safety systems that leverages the design and licensing basis of GEH's U.S. NRC-certified ESBWR. Through dramatic and innovative design simplification, GEH projects the BWRX-300 will require significantly less capital cost per MW when compared to other SMR designs. By leveraging the existing ESBWR design certification, utilizing the licensed and proven GNF2 fuel design, and incorporating proven components and supply chain expertise, GEH believes the BWRX-300 can become the lowest-risk, most cost-competitive and quickest to market SMR. This MOU is non-exclusive and non-binding.
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DRI | Hot Stocks07:14 EDT Darden jumps 4% to $156.30 after Q1 results beat, FY22 guidance raised
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XOS | Hot Stocks07:10 EDT Xos announces battery remanufacturing partnership with Cox Automotive - Xos announced a strategic collaboration with Cox Automotive Mobility to leverage the automotive services provider's EV battery remanufacturing capabilities for Xos battery packs. Xos is working with Cox Automotive to send its battery packs nearing end-of-life to one of the EV battery service centers operated by Cox Automotive Mobility and Spiers New Technology for remanufacturing and preparation for second-life use.
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BTAI | Hot Stocks07:10 EDT BioXcel to host R&D Day highlighting AI-based drug cancer development - BioXcel Therapeutics will host a virtual R&D Day beginning at 12:00 p.m., Eastern Time. The Company will discuss new applications of the artificial intelligence ecosystem to augment and accelerate its drug candidate discovery and development process for neuroscience disorders with large unmet medical need. BioXcel's neuroscience leadership team will introduce BXCL502, an emerging program to bolster the Company's novel neuroscience portfolio, and review the expansion of the Company's most advanced clinical development program, BXCL501.
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DRI | Hot Stocks07:09 EDT Darden reports Q1 blended same-restaurant sales up 47.5% - Q1 same-restaurant sales by segment on y/y basis: +37.1% for Olive Garden; +84.6% for Fine Dining; +47% for LongHorn Steakhouse; +65.8% for Other Business.
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EGLX | Hot Stocks07:08 EDT Enthusiast Gaming launches Project GG Alpha - Enthusiast Gaming provided an update on the development of its social network for gamers, Project GG. Project GG will be a cross-platform, gaming-centric social network, uniting gaming and esports fans on desktop and mobile. The company announced that it has deployed an initial invitation-only release of Project GG. "Project GG will enhance the company's ability to deliver a more complete fan experience with a targeted, engaged, and personalized product for gamers and customers alike and represents a significant step towards the Company's evolution to becoming a technology-powered, media, esports, and entertainment company," the company said. Project GG is intended to initially target the English-speaking gaming market. Deployment and initial growth strategies for Project GG include utilizing the Company's media and content platform to aggregate users inside Project GG. The Company's media and content platform generated approximately 10.4B views of content in Q2 2021. The Company also intends to utilize its talent roster to draw audiences into Project GG. The product will be monetized through targeted advertising, premium content, subscription offerings, and web/in-app purchases, with other monetization streams still under consideration by the Company. Project GG Alpha will serve as a test version of the gaming social network, while offering feedback to Enthusiast Gaming's design and user experience teams. Project GG Alpha is expected to be live until early 2022, at which time Project GG will transition to a beta version.
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VTOL ERJ | Hot Stocks07:08 EDT Bristow Group and Embraer's Eve Urban Air partner in eVTOL aircraft - Bristow Group (VTOL) and Eve Urban Air Mobility, an Embraer (ERJ) company, announced a Memorandum of Understanding to work together to develop an Air Operator's Certificate - AOC - for Eve's electric vertical takeoff and landing - eVTOL - aircraft. The partnership will develop an Urban Air Mobility -UAM - operating model. In addition, Bristow has placed an order for up to 100 eVTOLs with deliveries expected to start in 2026. The companies plan to develop services-based capabilities to support and optimize the performance and utilization of eVTOLs in operation and integrate with both existing and next-generation Air Traffic Management systems.
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BLU | Hot Stocks07:08 EDT Bellus Health completes patient enrollment in SOOTHE trial - Bellus Health announced that the company has completed patient enrollment in the Phase 2b SOOTHE clinical trial of BLU-5937 in refractory chronic cough and the Phase 2a BLUEPRINT clinical trial of BLU-5937 in chronic pruritus associated with atopic dermatitis. Topline results from both trials are expected in December.
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RCI | Hot Stocks07:08 EDT Roger awards $7.5M grants, investment to support storytellers, content creators - Rogers Group of Funds today announced it is awarding $7.5M in grants and investments to support more than 60 original projects, through the Rogers Cable Network Fund and Rogers Documentary Fund. Shining a spotlight on unique stories and diverse voices from across the country, the majority of the selected projects are from equity-seeking creators and will be widely available to audiences across major Canadian networks.
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DRI | Hot Stocks07:07 EDT Darden announces additional $750M share repurchase program - During the quarter, the company repurchased approximately 1.3 million shares of its common stock for a total cost of approximately $186 million. As of the end of the first quarter, the company had approximately $277 million remaining under the current $500 million repurchase authorization. In addition, yesterday, Darden's Board of Directors authorized the company to repurchase an additional $750 million of its outstanding common stock. This brings the total remaining repurchase authorization to approximately $1 billion.
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BABYF | Hot Stocks07:06 EDT Else Nutrition plans to start selling products in Europe early next year - Else plans to offer Canadian tailored products for sale in Canada, online and in retail channels. Launch is planned for Q1 2022. After developing a series of products which comply with the European Directive, Else is progressing towards distribution agreement in France with H&H Group. Additionally, Else is in discussions with H&H group with regards to distribution of its product line via H&H cross-border China platform. Else plans to start selling its products in Europe early next year.
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KKR | Hot Stocks07:05 EDT KKR Invests in 400 Summer Street JV in Boston Seaport - KKR announced that it has completed a major investment in a joint venture with WS Development and the Public Sector Pension Investment Board for 400 Summer Street, a new state-of-the-art life science tower currently under construction in Boston's Seaport District. Through its investment in the joint venture, KKR will collaborate with WS Development and PSP Investments in ownership of the asset, while WS Development continues to oversee and lead development and management of the property.
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DRI | Hot Stocks07:05 EDT Darden raises FY22 same-restaurant sales vs. FY21 to 27%-30% from 25%-29% - Sees FY22: Total sales growth vs. Pre-COVID of 7%-9%; Approximately 35 to 40 new restaurant openings; Total capital spending of $375 to $425 million;Total inflation of approximately 4%;EBITDA between $1.54 to $1.60 billion; Effective tax rate of 13% to 14%.
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BABYF | Hot Stocks07:05 EDT Else Nutrition provides update on U.S. launch of kids product line - ELSE NUTRITION HOLDINGS announced market penetration and sales growth rates across online and retail channels: Else Plant-Based Complete Nutrition for Toddlers, available in Sprouts Farmers Markets since February 2021, has extended to many additional natural food and grocery retailers and independent stores, including Big-Y, Raley's, Natural Grocers AFS, Haggen, PCC, Mother's Markets, Huckleberry's Natural Market, Rouses Markets, Harmons, Roche Bros., and more than 100 independent and co-op stores. Else is listed in 1,100+ stores and is sold on the shelves of 800+ of these and continues to grow. In less than six months, Else's sales velocity in Sprouts crossed the 1 UPSPW KPI target level ahead of expectations for the category targeted for the first 12 months. Else onboarded and is shipping product to the 2 largest natural food distributors in North America - UNFI and KeHE Distributors, which together cover almost the entire retail market in the US. Combined they have opened 14 distribution centers to supply retail stores. Else and its retail brokers, with the active assistance of its distributors, are in discussions with dozens of additional large, small and independents natural food, grocery and drug retail chains, that together represent more than 5,000 stores. Else started its U.S. online sales in August 2020 on www.elsenutrition.com and in late September on Amazon.com. Initial online sales on these two channels have demonstrated a good growth trajectory, growing at more than 10% month-over-month, and are expected to accelerate as more products are added to the Else range. Else's Amazon.com monthly sales have grown close to 600% since launch. Else products are also sold on the iHerb international online retail platform and on Thrive Market, a leading U.S. online platform that has 500,000+ subscribers. Else plans to list on additional leading online platforms in the coming months. The Company signed listing agreements and is completing the on-boarding process with Walmart.com and with Kroger-owned online platforms, both expected to significantly boost Else online reach. Launch is expected in Q4 2021. In June 2021, Else launched a new product line - Plant-Powered Complete Nutrition for Kids, 2 years and older. The product is offered initially in vanilla and chocolate flavors, in 16 oz powder cans. This new product line offers a superior, plant-based, low sugar, delicious alternative to milk and soy-based products that are currently in the market. This launch has been extremely successful thus far, with the new line already accounting for 25%+ of total unit sales on www.elsenutrition.com. In Q4 2021, Else Nutrition plans to launch a series of Plant-Based complementary nutrition products for babies 6 months and older, in several flavors. Early next year, Else plans to launch liquid RTD versions of its Complete Nutrition for Kids products, and a non-organic version of its successful Toddler product. These new SKUs will grow Else's product range and are expected to further accelerate sales in all channels. These products will be offered in the U.S., Canada, Europe and in other markets.
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VS | Hot Stocks07:05 EDT Versus Systems working with The University of Georgia Bulldogs to engage fans - Versus Systems announced that The University of Georgia Bulldogs, currently ranked #2 in the Associated Press Top 25 College Football Rankings, is working with Versus Systems to get over 90,000 fans engaged at each of their home games in Sanford Stadium this season. This is the fifth straight year that Versus has been working with the UGAA for in-stadium engagement, bringing custom video board tools to entertain fans during Bulldogs home football, basketball, gymnastics, and volleyball games.
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TNXP | Hot Stocks07:03 EDT Tonix Pharmaceuticals expands research collaboration with Columbia University - Tonix Pharmaceuticals announced it has expanded its research collaboration with Columbia University. The research collaboration is focused on studying immune responses to COVID-19 in healthy volunteers who have recovered from COVID-19 or were asymptomatic, as well as studying in vitro T cell and antibody responses to SARS-CoV-2, the virus that causes COVID-19. The research is designed to fill in important gaps in understanding the detailed immune responses to COVID-19, and to provide a foundation for tailoring vaccines and therapeutics to appropriate individuals with precision medicine. "Based on the progress and results of the initial phase of these projects, we are excited to expand our research collaboration with Columbia University on these precision medicine technologies and also to potentially develop new monoclonal antibody therapeutics," stated Seth Lederman, M.D., President and Chief Executive Officer of Tonix. "Data from this collaboration may provide a roadmap and tools to potentially guide the selection of appropriate individuals for COVID-19 vaccine trials and to help determine which vaccine is appropriate for each individual based on the condition of their immune system or other physiological features."
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GIII | Hot Stocks07:03 EDT G-III Apparel to purchase European luxury fashion brand Sonia Rykiel, no terms - G-III Apparel Group announced an agreement to purchase European luxury fashion brand Sonia Rykiel. Ms. Rykiel is known as one of the leading figures of Parisian fashion who created an iconic brand that captured the spirit of the modern woman. G-III plans to accelerate the relaunch of the brand primarily in Europe, for the fall of 2022, with collections across multiple categories. The transaction is expected to close by the end of October 2021. Morris Goldfarb, G-III's Chairman and Chief Executive Officer, said, "We are extremely pleased to purchase the Sonia Rykiel brand which further enables us to expand into the luxury space. We believe there is significant opportunity to unlock the untapped potential of this brand as we look to accelerate our global reach. We will leverage the existing executive management team and infrastructure based in Europe, as well as G-III's supply chain expertise to scale and grow the Sonia Rykiel business across apparel, accessories and numerous other lifestyle categories."
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FEDU | Hot Stocks07:03 EDT Four Seasons Education authorizes share repurchase of up to $15M - Four Seasons Education approved a share repurchase program to repurchase its own ordinary shares in the form of ADSs with an aggregate value of up to $15.0M during the next twelve-month period. The company plans to fund the repurchase program out of its available working capital, existing cash balance or future cash provided by operating activities.
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CLNN | Hot Stocks07:02 EDT Clene announces initiation of second FDA expanded access program with CNM-Au8 - Clene along with its subsidiaries "Clene" and its wholly owned subsidiary Clene Nanomedicine, a clinical-stage biopharmaceutical company dedicated to the treatment of neurodegenerative disease using nanotechnology to treat cellular energetic failure, announced the launch of a second U.S. Food and Drug Administration expanded access program with CNM-Au8 for people living with amyotrophic lateral sclerosis, or ALS. This expanded access program will be implemented in conjunction with the Healey ALS Platform Trial, a registration trial in which CNM-Au8, a catalytically-active gold nanocrystal suspension, is currently being evaluated for the treatment of ALS, with topline results expected mid-2022. The expanded access program is designed to provide people with ALS who are not eligible to enroll in the Healey ALS Platform Trial access to CNM-Au8, an investigational cellular energetic catalyst that supports energy production. The Healey Center will support the expanded access program at three participating clinical trial sites in the Healey ALS Platform Trial. CNMAu8.EAP02 will enroll participants across three sites. The first two sites to be included are the Holy Cross Hospital in Fort Lauderdale, Florida and the Hospital for Special Care in New Britain, Connecticut.
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LGIH | Hot Stocks07:01 EDT LGI Homes expands Terrata Homes brand into Florida - LGI Homes announced Terrata Homes is now selling its newest community in the Jacksonville, Fla. market, Southern Pines. Southern Pines offers homebuyers a variety of new construction homes with spacious layouts and high-end interior finishes, all situated on acreage homesites.
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DRI | Hot Stocks07:01 EDT Darden reports Q1 blended same-restaurant sales up 47.5%
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JCI | Hot Stocks06:58 EDT Johnson Controls enters joint development agreement with Phylagen - Johnson Controls announced it has signed a joint development agreement with Phylagen. Through this agreement, which includes a strategic investment in Phylagen, the companies are developing technology that leverages the science of building microbiomes to advance the future of healthy buildings.
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ACM | Hot Stocks06:56 EDT Aecom increases share repurchase authorization to $1B - Aecom has increased the authorization under its existing stock repurchase program to $1B. Since September 2020, the company has repurchased approximately 19 million shares and has reduced its shares outstanding by 12% compared to its beginning share count.
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TPR | Hot Stocks06:51 EDT Tapestry commits to science-based targets for climate change mitigation - Tapestryhas signed the Science Based Targets initiative Business Ambition for 1.5C, committing to setting interim science-based emissions reduction targets in order to limit global warming to 1.5 degrees C and to reach net-zero global emissions by 2050 at the latest. The commitment aligns Tapestry's climate mitigation targets with the most ambitious aim of the Paris Agreement and adheres to SBTi's most rigorous guidelines to reduce the destructive impacts of climate change in the short and long term. Tapestry is committing to procure 100% renewable electricity in its stores, offices, and fulfillment centers by 2025, and establishing the $50M Tapestry Foundation to advance equity and opportunity and to combat the climate crisis.
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ACN | Hot Stocks06:51 EDT Accenture reports Q4 new bookings $15B - New bookings are $15B for fourth quarter and a record $59.3B for full year, a 20% increase in U.S. dollars over full-year fiscal 2020 new bookings.
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ACN | Hot Stocks06:49 EDT Accenture sees FY22 operating cash flow $8.2B-$8.7B - For fiscal 2022, the company expects operating cash flow to be in the range of $8.2B-$8.7B; property and equipment additions to be $700M; and free cash flow to be in the range of $7.5B-$8B. The company expects to return at least $6.3B in cash to shareholders through dividends and share repurchases.
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VLY | Hot Stocks06:47 EDT Valley National to acquire Bank Leumi USA - Valley National and Bank Leumi Le-Israel have entered into a definitive merger agreement whereby Valley will acquire Leumi, the US subsidiary of Bank Leumi Le-Israel, and parent company of Bank Leumi USA. As a result of the transaction, Valley will expand its technology and venture capital banking business, and Bank Leumi Le-Israel will enhance its exposure to the U.S. banking market. Bank Leumi provides full-service relationship banking for middle-market commercial clients and private banking services for high net-worth individuals. As of June 30, Bank Leumi had total assets of $8.4B, total deposits of $7.1B, and gross loans of $5.4B. Bank Leumi operates five commercial offices in New York, Los Angeles, Palo Alto, Chicago, and Miami. As of June 30, the private bank contained approximately $4.1B of AUM. The transaction is expected to be approximately 7% accretive to Valley's 2023 earnings on a fully-phased in basis. Tangible book value dilution is expected to be roughly 1% with an earnback period of approximately one year. The transaction is expected to be effectively neutral to Valley's tangible common equity to tangible asset ratio at close. Shareholders of Leumi will receive 3.8025 shares of Valley common stock and $5.08 in cash for each share of Leumi common stock they own. The transaction is valued at an estimated $1.15B. Upon completion of the acquisition, Bank Leumi Le-Israel B.M. will own over 14% of Valley's common stock. Valley will add two directors designated by Bank Leumi Le-Israel B.M. to its board of directors. Bank Leumi Le-Israel B.M. has agreed to a four-year lock-up with respect to the shares of Valley common stock issued in the transaction. Inclusive of the impact of the proposed acquisition of The Westchester Bank which is expected to close in Q4, Valley would have $51B of assets, $42B of deposits and $39B of loans. The transaction is expected to close by late 1Q or early 2Q22. Leumi shareholders have already approved the transaction.
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ACN | Hot Stocks06:47 EDT Accenture raises dividend 10%, approves $3B of additional share repurchases - Accenture plc has declared a quarterly cash dividend of 97c per share, for shareholders of record at the close of business on Oct. 14. This dividend, which is payable on Nov. 15 represents a 10% increase over the company's previous quarterly dividend. The company's Board of Directors has approved $3B in additional share repurchase authority, bringing Accenture's total outstanding authority to approximately $6.3B.
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BA | Hot Stocks06:39 EDT Boeing estimates China's 20-year commercial aircraft market at nearly $1.5T - The company stated: "Boeing forecasts that China's airlines will require 8,700 new airplanes by 2040, valued at $1.47T , to meet expanding commercial air travel demand. The 20-year forecast reflects the China market's rebound and further evolution of its airline business models. Boeing shared the China forecast as part of the 2021 Commercial Market Outlook, or CMO, the company's long-term forecast of demand for commercial airplanes and services. China's economic fundamentals lay the foundation for healthy air traffic increases, including 4.4% annual economic growth and a middle-income demographic that will double by 2040, according to the CMO. By 2030, China's domestic passenger market will exceed intra-European traffic; by 2040, China's domestic traffic is expected to also exceed air travel within North America. The CMO also forecasts that China's civil aviation industry will require more than 400,000 new aviation personnel by 2040, including pilots, technicians and cabin crew. Boeing's commitment to China involves investing in people who will power the future of aviation, such as training nearly 100,000 Chinese aviation professionals and employing more than 2,500 Boeing employees. Across its businesses, training, supply chain and other activities, Boeing's presence and partnerships in China contribute more than $1.5B annually to the economy." Reference Link
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BEAM | Hot Stocks06:35 EDT Beam Therapeutics reports data on LNP development for in vivo liver editing - Beam Therapeutics announced new preclinical data highlighting advancements with the company's approach to developing novel lipid nanoparticle - LNP - formulations for in vivo liver editing. In addition, the company reported initial in vivo data demonstrating its delivery capabilities to tissues outside of the liver. Data from the company's studies in non-human primates showed that these formulations were well tolerated and had good early storage stability in ongoing studies. The findings highlight key improvements in Beam's LNP delivery system for the liver, including: increased editing potency in NHPs, demonstrating up to 60% editing at 1.0 mg/kg; well-tolerated formulations in NHPs treated with up to 1.5 mg/kg LNP, with minimal to mild increases in transient liver enzyme elevations that were resolved by day 15 post-treatment; and stable formulations with potency maintained at -20 and -80 C out to three months. In addition, Beam identified a family of LNPs for delivery of base editors to hematopoietic stem and progenitor cells in mice, leading to 40% expression of mRNA cargo in cells. Beam is evaluating this delivery approach for potential application in hemoglobinopathies and other genetic blood disorders.
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OPEN | Hot Stocks06:35 EDT Opendoor Technologies receives additional $300M stock purchase from Access - Access Technology Ventures, the venture capital and growth technology investment arm of privately held industrial group Access Industries, announced an additional $300M purchase of stock of Opendoor Technologies. Access' $1B position makes it Opendoor's largest shareholder.
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EXTN | Hot Stocks06:32 EDT Exterran awarded new contract operations project - Exterran offered a commercial update. The company has been awarded a new Contract Operations project for its Exterran Water Solutions business at a similar value to the project the company announced earlier this year. With this new water project, water will now comprise over 25% of the total company's Contract Operations backlog. This new contract was included in the company's previously communicated multi-year forecast.
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OTIS | Hot Stocks06:08 EDT Otis Worldwide sees up to mid-single digit accretion in 2023 from Zardoya Otis - The transaction is structured as an all-cash voluntary tender offer with an intention to delist Zardoya Otis from the Madrid, Barcelona, Bilbao and Valencia Stock exchanges and is expected to close in the second quarter of 2022, subject to its approval by the Spanish Securities Exchange Commission. Starting 2023, it is expected to be up to mid-single digit percentage accretive to Otis' adjusted EPS. Given the timing of the close and the pace of the acquisition of shares, 2022 EPS accretion is expected to be in a range of 3 to 5 cents. Since Otis is already the majority holder of Zardoya Otis and has operational control, there should be no significant change to the company's employment as a result of this transaction.
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AZN | Hot Stocks06:06 EDT AstraZeneca to develop self-amplifying RNA therapeutics - AstraZeneca "has reached an agreement to collaborate with VaxEquity for the discovery, development and commercialisastion of the proprietary self-amplifying RNA, or saRNA, therapeutics platform developed at Imperial College London. The strategic, long-term research collaboration aims to optimise and validate VaxEquity's saRNA platform and apply it to advance novel therapeutic programmes. AstraZeneca will support VaxEquity with research and development funding and should AstraZeneca advance any of the research programmes into its pipeline, VaxEquity could receive development, approval and sales based milestones totalling up to $195M and royalties in the mid-single digits per programme. AstraZeneca has the option to collaborate with VaxEquity on up to 26 drug targets and will also make an investment in VaxEquity to further the development of the saRNA platform. saRNA is a new platform for the development of medicines and vaccines which uses similar technology to mRNA but with the added ability to self-amplify, thereby expressing proteins for longer, resulting in higher protein levels per dose level. This has the potential to allow saRNAs to be delivered at lower concentrations than conventional mRNA therapeutics, leading to less frequent or lower dosing, lower costs and a much broader range of potential applications. The saRNA platform aims to underpin the next generation of RNA-delivered medicines enabling not only vaccines but also broad range of therapeutic applications." Reference Link
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CYD | Hot Stocks06:06 EDT China Yuchai announces investment in new energy technologies - China Yuchai International Limited announced that it has entered into an agreement with the Government of Nanning Municipality to research, develop and construct new production capacity for new energy technologies including fuel cell systems, range extenders, hybrid power, electric drive system, etc. GYMCL has established a wholly owned subsidiary, Yuchai Xin-Lan New Energy Power Technology Co., Ltd., with registered capital of RMB 500 million, as the main investment vehicle for the construction of the Yuchai Xin-Lan New Energy Power Project. The Project will accelerate GYMCL's development of new energy technologies. Nanning will help drive this Project as a pilot operation for hydrogen fuel cell buses and promote the use of electric power technologies and hybrid systems in the public transportation, logistics, sanitation, engineering, etc. Weng Ming Hoh, President of China Yuchai, commented, "Yuchai Xin-Lan is an exciting new milestone as we evolve towards new energy solutions."
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SLDB | Hot Stocks06:05 EDT Solid Biosciences' SGT-001 shows positive efficacy data at 1.5-year trial - Solid Biosciences will report positive 1.5-year functional data and patient-reported outcome measures for Patients 4-6 in the ongoing IGNITE DMD Phase I/II clinical trial of SGT-001 at the World Muscle Society 2021 Virtual Congress. The company previously reported 1-year data for the same measures in March. Analyses of the long-term biopsy data indicate evidence of durable and widespread expression of the microdystrophin protein. NSAA scores at 1.5 years showed minimal change compared with baseline and suggest benefit after treatment when compared to trajectories typically observed in natural history data, who would normally be expected to exhibit a 4.5-point decline in NSAA over 1.5 years. In contrast, Patients 4-6 exhibited a mean decrease of 1.7 points from baseline and a mean difference of +2.8 points compared with natural history data over the same time period. 6MWT distances were maintained 1.5 years post dosing, while natural history analyses suggest that similarly aged patients would normally be expected to exhibit a 63.5-meter decline over the same period. The percent predicted FVC for Patients 4-6 continued to show stability or improvement 1.5 years following SGT-001 administration, while natural history analyses suggest that similarly aged patients would normally be expected to exhibit a decline of 7.5% over the same period. Patient-reported outcome measures showed meaningful sustained improvements at 1.5 years compared with baseline. Data from natural history studies demonstrate a decline in the global, sports and transfer scales over the same period of time. No new drug-related safety findings have been reported in Patients 4-6, who have post-dosing periods of more than 1.5 years to 2.5 years, or any of Patients 1-8, who have post-dosing periods of more than 5 months to 3.5 years.
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OTIS | Hot Stocks06:05 EDT Otis announces cash tender offer for remaining interest in Zardoya Otis - Otis Worldwide Corporation announced a tender offer through its wholly-owned subsidiary, Opal Spanish Holdings, S.A.U., for all of the shares it does not currently own of Zardoya Otis, S.A. for an offer price of EUR 7.00 in cash, with the intention to delist Zardoya Otis subsequent to the tender. The offer price represents a premium of 28.9% to the Company's 1-month volume weighted average price implying a total equity value for Zardoya Otis, including Otis' existing interest, of EUR 3.3 billion. "Zardoya Otis has been an integral part of Otis since 1972 and its products, services and geographic footprint are critical components of our long-term growth strategy," said Judy Marks, Otis' President and CEO. "While we have deep respect for Zardoya Otis' heritage, delisting the Company will simplify Otis' corporate structure, provide for more streamlined management of the business, and generate operational efficiencies for both businesses." Otis has obtained fully committed bridge financing from Morgan Stanley and expects to replace the bridge facility with permanent debt financing. Otis continues to target its current investment grade credit ratings and plans to repay $800 million of existing debt and suspend share repurchases in 2022.
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LATN PROC | Hot Stocks06:04 EDT Union Acquisition Corp. II shareholders approve combination with Procaps Group - Union Acquisition Corp. II (LATN) announced that its shareholders voted to approve the previously announced business combination with Procaps Group (PROC) and all other proposals presented at LATN's Extraordinary General Meeting held on September 22. Approximately 97% of the votes cast at the Extraordinary General Meeting were in favor of the Business Combination. Procaps Group and LATN have agreed to close the Business Combination prior to September 30, 2021. One business day following the closing of the Business Combination, Holdco's ordinary shares and warrants are expected to trade on the Nasdaq Global Market under the ticker symbols "PROC" and "PROCW" respectively. Institutional investors have committed to an upsized private investment in public equity of $100M in ordinary shares of LATN, which will be converted into ordinary shares of the combined company upon the closing of the business combination. The PIPE will close concurrently with the business combination. The current Procaps management team, led by its Founder, Chairman and CEO, Ruben Minski, will continue to focus on organic growth, with the support of its recently hired President, Dr. Camilo Camacho, and inorganic growth, with the vision and experience of Alejandro Weinstein, Chairman of the M&A Committee.
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CI | Hot Stocks06:03 EDT Cigna announces leadership changes, names Eric Palmer as CEO of Evernorth - Cigna Corporation announced several new leadership roles and positions to drive accelerated growth across its diverse business portfolio. Eric Palmer has been named president and chief executive officer of Evernorth, effective January 1, 2022. Paul Sanford has been named executive vice president, operations of Cigna Corporation. Noelle Eder is assuming an expanded leadership role overseeing global data and analytics and automation functions, in addition to her current responsibilities as global chief information officer. Everrett Neville is taking an expanded leadership role as executive vice president of strategy, corporate development and solutions. In addition to oversight of Cigna Corporation's strategy, corporate and business development, and Cigna Ventures, Neville will now oversee Cigna Solutions.
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KBR | Hot Stocks06:01 EDT KBR awarded digital advisory services contract by OCI Beaumont - KBR announced that it has been awarded a three-year contract to provide KBR INSITE monitoring and advisory services to OCI's integrated ammonia-methanol plant in Beaumont, Texas. "KBR INSITE aims to extend the operating life of the Beaumont plant, while helping drive carbon reduction and energy efficiency in a sustainable way. At KBR, we are fully committed to providing sustainable solutions to our clients globally, and this award from OCI is a testament of the trust that they have placed in us and our team of process experts," said Jay Ibrahim, KBR President, Sustainable Technology Solutions. "Our team will remotely monitor and evaluate the performance of OCI's ammonia-methanol production facility in Beaumont and provide timely recommendations to onsite personnel and support them in operating the plant efficiently, reliably, and safely."
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IBM TEF | Hot Stocks05:36 EDT IBM announces multi-year 5G network agreement with Telefonica - IBM (IBM) announced a strategic multi-year agreement with Telefonica (REF) to use IBM intelligent automation software and services to implement UNICA Next - Telefonica's first-ever, cloud-native, 5G core network platform. Telefonica has engaged IBM Global Business Services, Red Hat and Juniper networking to deploy the cloud-native platform, IBM said in a statement. UNICA Next data centers are planned to be deployed starting in October.
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ESLT | Hot Stocks05:33 EDT Elbit Systems announces $54M second production order for U.S. Army - Elbit Systems announce, that its U.S. subsidiary, Elbit Systems of America, was awarded a second production order in the amount of approximately $54M to supply Enhanced Night Vision Goggle - Binocular systems, provide spare parts, logistics support and test equipment for the U.S. Army. The order will be executed in Roanoke, Virginia and will be supplied through February 2023. This order is part of an Other Transaction Authority contract that could reach a maximum amount of approximately $442M.
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GLG | Hot Stocks05:30 EDT TD Holdings enters strategic cooperation with Guangdong Enterprise Investment - TD Holdings announced that the company entered into a strategic cooperation framework agreement on September 17 with Guangdong Enterprise Investment Promotion association, a not-for-profit organization founded in Guangdong province. Pursuant to the agreement, the company plans to develop a lightweight new materials business in China. GEIP agrees to provide assistance and services to TD Holdings by using its "extensive resources," the company said. The parties plan to enter into a definitive agreement with details of the cooperation in the future.
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PFE BNTX | Hot Stocks05:28 EDT Pfizer, BioNTech announce FDA emergency use authorization for Covid booster - Pfizer (PFE) and BioNTech (BNTX) announced that the Food and Drug Administration has authorized for emergency use a booster dose of the Pfizer-BioNTech COVID-19 vaccine for individuals 65 years of age and older, individuals 18 through 64 years of age at high risk of severe Covid, and individuals 18 through 64 years of age whose frequent institutional or occupational exposure to SARS-CoV-2 puts them at high risk of serious complications of Covid. The booster dose is to be administered at least six months after completion of the primary series, and is the same formulation and dosage strength as the doses in the primary series. "This first FDA authorization of a COVID-19 vaccine booster is a critical milestone in the ongoing fight against this disease," said Albert Bourla, CEO of Pfizer. "Over the last year and a half, we have aimed to stay vigilant as the pandemic has evolved - including evaluating the impact of a booster dose. We believe boosters have an important role to play in addressing the continued threat of this disease, alongside efforts to increase global access and uptake among the unvaccinated. Today's FDA action is an important step in helping the most vulnerable among us remain protected from COVID-19." As a next step, the U.S. Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices will meet to discuss a potential recommendation for the use and rollout of boosters to Americans. Pfizer and BioNTech say they continue to supply the vaccine, including "sufficient volume" for boosters, under their existing supply agreement with the U.S. government, which continues through April 2022. international health organizations around the world.
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