Stockwinners Market Radar for September 29, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
RCI | Hot Stocks20:15 EDT Rogers Communications names Paulina Molnar as interim CFO - Rogers Communications announced that Tony Staffieri, the company's CFO, is leaving Rogers effective September 29, 2021. Paulina Molnar has been appointed interim CFO. She has been with Rogers for 16 years and is currently Senior Vice President, Controller and Risk Management.
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PRGO | Hot Stocks19:35 EDT Perrigo resolves Irish tax assessment for EUR 297M - Perrigo announced that it has reached a settlement with the Irish Office of the Revenue Commissioners for the Notice of Amended Assessment dated November 29, 2018. The NoA had claimed income tax payable in the amount of approximately EUR 1.6B, not including interest or penalties. On July 9, 2021, Irish Revenue acknowledged that not all relevant facts were known to them when they issued the NoA in 2018 and that, accordingly, Irish Revenue would not object to certain adjustments that would result in an aggregate reduction of more than EUR 660M from the income taxes claimed in the NoA as issued. At that point, Perrigo believed that the maximum amount of income tax claims in dispute was effectively reduced to less than EUR 1.0B, not including any interest or penalties. While the Company believes that its tax position was correct and would ultimately have been confirmed by the Tax Appeals Commission, given the risks inherent in any litigation, as well as the ongoing costs of what could have been years of litigation and the uncertainty that would create, the Company and Irish Revenue have agreed to settle this matter on the following terms: Perrigo agrees to pay EUR 297M as a full and final settlement of all liabilities arising from the sale of the Tysabri(R) patents and to be taxed in periods FY13 to FY21 inclusive; Irish Revenue will give Perrigo credit for certain taxes already paid and for certain unused R&D credits, all of which will be applied against the EUR 297M figure, such that the total cash payment that Perrigo will be making to Irish Revenue as part of this settlement will be EUR 266.1M; The settlement provides that no interest is due and no penalties apply.
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VIR | Hot Stocks19:09 EDT Vir Biotech saw significant progress on global patient access to sotrovimab - In a regulatory filing earlier, Vir Biotechnology "announced significant progress increasing global patient access to sotrovimab, an investigational monoclonal antibody treatment for COVID-19 developed in partnership with GlaxoSmithKline. To date, binding agreements have been received for the sale of more than 420,000 doses of sotrovimab worldwide, including a portion of those procured by the U.S. government. In addition, more than 220,000 doses have been reserved through other agreements. The companies continue discussions with governments around the world for additional agreements that can support the ongoing pandemic response."
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IMPL | Hot Stocks18:49 EDT Impel NeuroPharma to partner with Phil Inc - Phil, Inc. announces partnership with Impel NeuroPharma in support of Trudhesa, or dihydroergotamine mesylate, nasal spray to provide technology-powered patient support and distribution services through Phil's proprietary workflow to enhance the patient's access to therapy. Trudhesa is indicated for the acute treatment of migraine with or without aura in adults.
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LBRT | Hot Stocks18:41 EDT Liberty Oilfield Services CFO sells 154K shares of common stock - In a regulatory filing, Liberty Oilfield Services disclosed that its CFO Michael Stock sold 154K shares of common stock on September 28th in a total transaction size of $2.0M, reducing his stake by about 14%.
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BXP | Hot Stocks18:38 EDT Boston Properties announces 10-year lease renewal at Atlantic Wharf - Boston Properties and its partner, Norges Bank Investment Management announced that Wellington Management has signed a long-term lease renewal at Atlantic Wharf located at 280 Congress Street, Boston, Massachusetts. The 524,000 square foot, 10-year lease agreement will commence in 2026 and includes a 66,000 square foot expansion within the building which commences in 2022. Wellington, one of the world's largest independent asset managers, has been headquartered at Atlantic Wharf since the building's opening in 2011, and will occupy 22 floors of the 31-story building.
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MU | Hot Stocks18:24 EDT Micron CEO: FY22 will be a record year with solid profitability - In an interview on CNBC's Mad Money, Sanjay Mehrotra said Micron is managing through the challenges of the pandemic very well. The company is focused on driving differentiated solutions and its execution is "rock solid," he noted. Micron is at the leading edge of memory and storage solutions, he added. The company's balance sheet is strong and inventory levels are lower than targeted due to the surge in demand, he said. Overall, inventories are running lean industry-wide, according to Mehrotra.
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LSPD | Hot Stocks18:23 EDT Lightspeed says Spruce Point report contains 'numerous important inaccuracies' - Lightspeed Commerce Inc. commented on the short seller report published today by Spruce Point Capital Management: "The report contains numerous important inaccuracies and mischaracterizations which Lightspeed believes are misleading and clearly intended to benefit Spruce Point, which itself has disclosed that it stands to profit in the event that the stock price of Lightspeed declines. Lightspeed cautions investors to not make decisions based on this report and instead strongly encourages them to consult credible sources, including Lightspeed's filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, prior to making their investment decisions. Lightspeed is confident in its governance, financial reporting and business practices. Lightspeed has consistently delivered revenue growth since its initial listing on the Toronto Stock Exchange in March 2019. In the quarter ended June 30, 2021, revenue of $115.9M increased 220% from the prior year quarter with organic software and transaction-based revenue growth of 78%. The Company will not be providing further comment on the report at this time as it maintains its focus on building its business and delivering exceptional products and services for customers."
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BGS | Hot Stocks18:11 EDT B&G Foods issues voluntary recall of cases ofTone's Taco Seasoning Blend - B&G Foods is voluntarily recalling 3,867 cases of 23 oz. Tone's Taco Seasoning Blend, with "best by" dates of SEPT 03 24 and SEPT 06 24, due to the presence of undeclared wheat. A portion of the individual containers within those cases were mistakenly labeled on the back with the back labels for Tone's Lemon Pepper Seasoning Blend, which does not list wheat as an allergen. People who have an allergy or severe sensitivity to wheat run the risk of serious or life-threatening allergic reaction if the recalled product is consumed. There is no health risk associated with this product for individuals without an allergy or severe sensitivity to wheat. This recall does not apply to any other "best by" dates, sizes or varieties of Tone's brand products. No allergic reactions or consumer complaints related to this matter have been reported to date. This recall was initiated in cooperation with the FDA.
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BWEN | Hot Stocks18:00 EDT Broadwind announces $12M in new tower orders - Broadwind announced that the company had received over $12M in new tower orders from multiple wind turbine customers. Including these new orders, Broadwind has sold approximately 25% of its full-year 2022 optimal tower production capacity. Broadwind expects to receive additional orders for 2022 production capacity over the coming months."These new tower orders provide increased visibility as we look ahead to 2022, while expanding our relationships with key wind turbine partners," stated Eric Blashford, President and CEO of Broadwind. "Given ongoing progress around customer diversification, improved order activity and the potential passage of a production tax credit extension, we expect tower demand will begin to accelerate during 2022."
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EVRG | Hot Stocks17:52 EDT Evergy director buys 39.6K shares of common stock - In a regulatory filing, Evergy disclosed that its director John Wilder bought 39.6K shares of common stock on September 28th in a total transaction size of $2.49M.
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GOOG GOOGL | Hot Stocks17:50 EDT Google to launch second generation of Nest Doorbell in 2022 - Google said in a blog post that it is working on rolling out a desktop experience for the Google Home app, so the new Nest cameras and doorbell feeds can be viewed and controlled from there. This will launch in 2022. In addition, the company said it will launch a second generation of Nest Doorbell, wired, in 2022.
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AMZN | Hot Stocks17:30 EDT Twitch debuts new features to restrain 'hate raid' attacks - "Hate and harassment of any kind is unacceptable and prohibited on Twitch, whether it's an offensive message, malicious follows, or the egregious "hate raid" attacks that have targeted marginalized creators over the past months. Curbing this type of behavior is, and will continue to be, a top priority for us. While we have tools available to help creators protect themselves, we know there will always be more to be done to stop hateful behavior, especially by motivated individuals and groups. Today, we're updating our suite of moderation tools by adding phone-verified chat and expanding the settings for email verification, to help Creators better control their chat experience and improve security. This will be available to all Creators starting today, and can be accessed from your Creator Dashboard," said the live streaming video platform and community for gamers in a blog post. Twitch was bought by Amazon in 2014. Reference Link
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RTX | Hot Stocks17:23 EDT Raytheon Technologies awarded $147.89M Navy contract - Raytheon was awarded a $147.89M firm-fixed-price, indefinite-delivery/indefinite-quantity contract. This contract provides for the procurement of a maximum quantity of 415 LAU-115 D/A and 308 LAU-116 B/A guided missile launchers to enable F/A-18 aircraft to carry and launch AIM-120 and AIM-9X Missiles. Work will be performed in Indianapolis, Indiana, and is expected to be completed in September 2025. No funds will be obligated at the time of award; funds will be obligated on individual orders as they are issued. This contract was not competitively procured pursuant to Defense Federal Acquisition Regulation 6.302-1. The Naval Air Systems Command is the contracting activity.
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RTX | Hot Stocks17:22 EDT Raytheon Technologies awarded $358.03M Navy contract - Raytheon was awarded a $358.03M firm-fixed-price contract in support of the fiscal 2021-2023 Evolved Seasparrow Missile, or ESSM, Block 2 full rate production requirements. The ESSM program is an international cooperative effort to design, develop, test, and procure ESSM missiles. The ESSM provides enhanced ship defense. This contract includes options which, if exercised at the maximum quantities, would bring the cumulative value of this contract to $1.28B. This contract combines purchases for the Navy and the governments of Canada, Australia, Greece, Germany, Norway, Turkey, Portugal, Belgium, the Netherlands, and Denmark under the NATO Seasparrow Consortium. Work is expected to be completed by March 2025. If all options are exercised, work will continue through March 2027. FY21 other customer funds in the amount of $189.27M; FY21 weapons procurement funds in the amount of $156.14M and FY20 other customer funds in the amount of $12.62M, will be obligated at time of award and will not expire at the end of the current fiscal year. This contract was not competitively procured in accordance with 10 U.S. Code 2304 international agreement between the U.S. and a foreign government or international organization. The Naval Sea Systems is the contracting activity.
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OPRX LDL | Hot Stocks17:19 EDT OptimizeRx to replace Lydall in S&P 600 at open on 10/4 - Clearlake Capital Group is acquiring Lydall in a deal that is expected to close on or about October 1.
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SPCE | Hot Stocks17:17 EDT Virgin Galactic cleared to fly following conclusion of FAA inquiry - Virgin Galactic Holdings announced that it is cleared to fly FAA-licensed spaceflights following the conclusion of an FAA inquiry that focused on air traffic control clearance and real-time mission notification related to the Unity 22 flight in July. The FAA advised Virgin Galactic that the corrective actions proposed by the company have been accepted and conclude the FAA inquiry, which began August 11. They include updated calculations to expand the protected airspace for future flights, designating a larger area will ensure that Virgin Galactic has ample protected airspace for a variety of possible flight trajectories during spaceflight missions, and additional steps into the company's flight procedures to ensure real-time mission notifications to FAA Air Traffic Control. Virgin Galactic CEO Michael Colglazier said: "Our entire approach to spaceflight is guided by a fundamental commitment to safety at every level, including our spaceflight system and our test flight program. We appreciate the FAA's thorough review of this inquiry. Our test flight program is specifically designed to continually improve our processes and procedures. The updates to our airspace and real-time mission notification protocols will strengthen our preparations as we move closer to the commercial launch of our spaceflight experience." Virgin Galactic said that it continues to focus on its pre-flight readiness for Unity 23.
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GE | Hot Stocks17:17 EDT General Electric awarded $483.14M Navy contract - General Electric was awarded a $483.14M firm-fixed-price, indefinite-delivery/indefinite-quantity contract. This contract procures spare F414 engines and various spare engine modules in support of the F/A-18E/F Super Hornet and EA-18G Growler production aircraft. Work is expected to be completed in January 2026. No funds will be obligated at the time of award; funds will be obligated on individual orders as they are issued. This contract was not competitively procured pursuant to Defense Federal Acquisition Regulation 6.302-1. The Naval Air Systems Command is the contracting activity.
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CHDN | Hot Stocks17:16 EDT Churchill Downs announces new $500M share buyback program - Churchill Downs announced that the board approved a $500M share repurchase program. The new share repurchase program replaces the prior $300M program that was authorized in October 2018 and had unused authorization of $97.9 million as of September 29, 2021. The new share repurchase program includes and is not in addition to any unspent amount remaining under the prior authorization.
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CNTG | Hot Stocks17:07 EDT Centogene reports findings of potential treatment of structural birth defects - The company states: "Centogene announced the publication of results from a ground-breaking global genetic study in the New England Journal of Medicine, including finding of a potential treatment of structural birth defects caused by specific gene alterations. Structural birth defects, such as cleft palate, occur in approximately 3% of live births worldwide. The collaborative research study utilized data derived from CENTOGENE's rare disease-centric Bio/Databank. The analysis revealed that genetic variations affecting a central Wnt regulator - WLS - causes syndromic structural birth defects. The Wnt signalling pathway regulates cellular development, particularly at the embryonic stage. The researchers were able to administer a pharmacologic Wnt agonist that partially restored erroneous embryonic development in preclinical studies. Accordingly, this research is an important step in potentially preventing and curing syndromes and structural birth defects linked to WLS dysfunction. If this method demonstrates translational robustness, it offers an opportunity for drug developers to capitalize on these insights with a clinical program that could be completed within the next 3-5 years - opening up the potential of bringing a treatment to market and helping a number of the estimated 4 million infants that are born with serious birth defects every year." Reference Link
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FTS | Hot Stocks17:05 EDT Fortis increases quarterly dividend 6% - The board of Fortis declared a common share dividend of 53.5c per share on the issued and outstanding fully paid common shares of the corporation, representing an approximate 6% increase in the quarterly dividend, payable on December 1 to the common shareholders of record at the close of business on November 17, marking 48 consecutive years of increased dividends. Fortis' dividend increase is in line with the corporation's guidance of 6% average annual dividend growth through 2025.
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AMZN | Hot Stocks17:05 EDT AWS announces general availability of Managed Service for Prometheus - Amazon Web Services easier for customers to monitor containerized applications. Amazon Managed Service for Prometheus is fully compatible with open-source Prometheus and provides the same familiar time series data model and Prometheus Query Language customers use today to monitor containerized applications. As a fully managed service, Amazon Managed Service for Prometheus automatically scales the infrastructure needed to ingest, store, and query operational metrics from containerized applications. Amazon Managed Service for Prometheus also integrates with AWS Identity and Access Management and AWS CloudTrail to allow customers to more easily control and audit access to data.
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CFMS | Hot Stocks17:03 EDT Conformis reports 98.5% implant survivorship using iTotal CR knee replacement - Conformis "announced the strong results of a published retrospective study of procedures using Conformis' patient-specific iTotal CR knee replacement implant, which assessed implant survivorship, patient satisfaction, and functional outcomes. he primary results of the clinical study include Implant Survivorship at 98.5%, with 8 revisions representing 1.5% of the 540 implants reviewed at a mean follow-up of 2.8 years and Patient Satisfaction of 89% reported being either satisfied or highly satisfied".
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HLBZ | Hot Stocks17:03 EDT Helbiz recovers Nasdaq listing compliance - Helbiz received notice from Nasdaq informing that the company is compliant with Nasdaq Listing Rules. Accordingly, Helbiz meets all applicable initial listing requirements and its common stock will continue to be listed on Nasdaq and Nasdaq considers the matter closed.
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IDT | Hot Stocks17:01 EDT IDT Corp subsidiary sells minority stake to Alta Fox Capital for $10M - IDT Corporation announced that its National Retail Solutions, NRS, subsidiary has concluded the sale of a 2.5% stake for $10M to Alta Fox Capital Management, a private investment fund based in Fort Worth, Texas.
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REGN | Hot Stocks17:01 EDT Regeneron says 'positive' REGEN-COV Phase 3 results published in NEJM - Regeneron Pharmaceuticals announced that the New England Journal of Medicine published positive detailed results from a Phase 3 trial that assessed the ability of REGEN-COV to treat COVID-19 in infected high-risk non-hospitalized patients. The trial met its primary and all secondary endpoints and showed treatment with REGEN-COV significantly reduced the risk of hospitalization or death, with a safety profile consistent with previously reported data. "Results from this NEJM publication show that REGEN-COV reduced the risk of hospitalization or death by 70% in high-risk non-hospitalized patients infected with COVID-19," said George D. Yancopoulos, M.D., Ph.D., President and Chief Scientific Officer at Regeneron. "This peer-reviewed publication further supports the growing evidence on REGEN-COV's critical role to improve outcomes for patients, and reduce the significant burden on their communities and healthcare systems during this COVID-19 pandemic."
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COG XEC | Hot Stocks17:00 EDT Cabot Oil & Gas and Cimarex Energy shareholders approve merger - Cabot Oil & Gas (COG) and Cimarex Energy (XEC) shareholders voted to approve the pending transaction. More than 99% of Cabot shareholders voted shares were in favor of the merger. More than 90% of Cimarex shareholders voted in favor of the merger. The transaction is anticipated to close on October 1. Following the closing of the transaction, the combined business intends to change its name and ticker symbol. Cimarex and Cabot entered into a definitive agreement on May 23 whereby the companies will combine in an all-stock transaction. Under the terms of the definitive agreement, each eligible share of Cimarex common stock issued and outstanding immediately prior to the effective time of the transaction will be exchanged for 4.0146 shares of Cabot common stock
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CSII | Hot Stocks16:45 EDT Cardiovascular Systems reports first patient treated with ViperCross catheter - Cardiovascular Systems announced that the first patient has been successfully treated with its ViperCross peripheral support catheter. Dr. Billy J. Kim, MD, The Surgical Clinic, Nashville, Tenn., treated the first patient with ViperCross. Said Dr. Kim, "ViperCross offers the right balance of support and flexibility to successfully navigate tortuous anatomy and cross challenging lesions. In addition, ViperCross provides excellent guidewire support and facilitates easy guidewire exchange."
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ROST | Hot Stocks16:31 EDT Ross Stores names Adam Orvos as CFO, effective October 1 - Ross Stores (ROST) announced that Adam Orvos, currently Group Senior Vice President, Supply Chain Administration, is being promoted to Executive Vice President and CFO effective October 1. In his new role, Orvos will be responsible for the company's accounting, treasury, financial planning, tax, corporate social responsibility, and investor relations functions. As CFO, he will report to Michael Hartshorn, Group President and COO. Orvos joined Ross Stores in January 2021 as Group Senior Vice President, Supply Chain Administration. His 34 years of broad-based retail management experience includes serving as CFO for Neiman Marcus, Belk Department Stores, and the Foley's Division of The May Department Stores Company. He has also held senior executive roles at Lowe's and Total Wine & More.
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MNKD | Hot Stocks16:25 EDT MannKind announces sale-leaseback transaction generating $102.3M in proceeds - MannKind announced that it has entered into a sale-leaseback transaction with an affiliate of Creative Manufacturing Properties, which will generate $102.25M in gross proceeds upon closing. The real property sale includes 263,900 square feet of manufacturing space at 1 Casper Street in Danbury, but does not include MannKind's research and development facility. Upon closing of the agreement, MannKind will enter into a 20-year lease agreement with the purchaser, with multiple renewal options available. MannKind will continue to operate the Connecticut facility pursuant to the lease.
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VIAC VIACA | Hot Stocks16:23 EDT ViacomCBS, Pluto to pay $3.5M penalty to settle FCC accessibility investigation - The Federal Communications Commission's Enforcement Bureau announced it has settled an investigation with Pluto Inc. and its parent company, ViacomCBS Inc., regarding violations of the Commission's accessibility rules. In addition to paying a $3.5M civil penalty, Pluto Inc. agreed to enter into a compliance plan to ensure that non-exempt video programming that Pluto streams over the internet includes closed captioning in compliance with Commission rules. Today's action reflects the first consent decree and first enforcement action related to Internet Protocol closed captioning rules since their adoption in 2012.
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AIR FTAI | Hot Stocks16:20 EDT AAR and FTAI team initiative to help clients cut carbon emissions - AAR (AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, and Fortress Transportation and Infrastructure Investors (FTAI) announced a joint initiative associated with their CFM56-5B and -7B partnership to help customers achieve industry-wide sustainability goals aimed at reducing CO2 emissions in international aviation. Every year, jet engine maintenance results in a significant monetary and environmental cost for the industry. FTAI and AAR's new initiative highlights the environmental benefits of recycling serviceable material and affords customers a path to reduce their overall carbon footprint. AAR and FTAI will together contribute a percentage of all used serviceable material sales from the CFM56-5B and -7B partnership to purchase verified carbon offsets and grant them to the purchasing customers. The donated offsets will meet international standards, namely the 'Carbon Offsetting and Reduction Scheme for International Aviation' CORSIA. "We are proud to announce that AAR and FTAI teamed up to provide CFM56-5B and -7B customers with carbon offsets for all USM purchases through this partnership," said John Holmes, AAR President and Chief Executive Officer. "We are committed to helping our customers reduce their carbon footprint and USM is a low-cost, green alternative to purchasing new parts. The goal of our initiative is to help operators address the opportunity for commercial aviation to make a positive impact on climate change."
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OGE | Hot Stocks16:16 EDT OGE Energy increases quarterly dividend to 41c per share - OGE Energy has approved an increase in the company's quarterly dividend to 41c per share from 40.25c per share, which equates to $1.64 per share annually. The increase will be paid Oct. 29 to shareholders of record Oct. 12.
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RM | Hot Stocks16:15 EDT Regional Management expands operations to Utah - Regional Management Corp. announced that it has expanded its operations to Utah, its 13th U.S. state, with the opening of its first branch in Provo. The opening expands Regional Management's de novo footprint to the Western U.S. "We are excited to bring our set of affordable financial solutions and world-class service to Provo, and we look forward to opening an additional branch in Salt Lake City later this year," said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. "With the support of our omni-channel operating model, consumers across Utah are able to access our suite of lending products at their convenience. Our plan remains to enter an additional five to seven new states before the end of 2022. As we continue to expand geographically, invest in our new digital origination and servicing capabilities, and introduce new products and channels, we remain well-positioned to gain market share and deliver compelling returns to our shareholders."
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GLDD | Hot Stocks16:15 EDT Great Lakes Dredge announces partnership with Project Vesta - Great Lakes Dredge announced a partnership with Project Vesta. Known as "Coastal Carbon Capture", Project Vesta's method accelerates the earth's natural carbon removal process by using a natural rock turned into carbon-removing sand. According to a report by the National Academy of Sciences, this technique has the potential to remove billions of tons of carbon dioxide from the atmosphere and reduce ocean acidification.
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F | Hot Stocks16:14 EDT Ford prices revolving credit facilities off of daily SOFR interest rate - Ford said it is leading the corporate loan market's transition away from the LIBOR interbank rate by pricing its revolving credit facilities directly off of the daily SOFR interest rate for corporate borrowings. SOFR is the LIBOR replacement rate preferred by the Alternative Reference Rates Committee, or ARRC, a group of private-market participants convened by the Federal Reserve Board and Federal Reserve Bank of New York.
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F | Hot Stocks16:13 EDT Ford renews $15.5B in revolving corporate credit lines - Ford announced the extension of $15.5B in revolving credit lines, which now include metrics that "further align the company's financing actions with its commitment to operate a safe, sustainable and successful business - elements that are fundamental to the Ford+ plan for growth and value creation." The arrangement comprises extensions of three revolving credit lines: a five-year, $10.1B facility maturing in September 2026, along with a three-year, $3.4B facility and a three-year, $2B supplemental facility, both maturing in September 2024. "Ford people recognize that what's good for the planet is good for business," said Dave Webb, the company's treasurer. "We're all accountable for creating a constantly safer and cleaner organization that sets an example for sustainability."
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TRUP | Hot Stocks16:13 EDT Trupanion promotes Drew Wolff to Executive VP and CFO - Trupanion announced the promotion of Drew Wolff to Executive VP and Chief Financial Officer, effective October 1. Tricia Plouf, Trupanion's current CFO, will remain in the position of Co-President, overseeing the Company's finance, actuarial, people and legal, technology, and operations teams. "We are very excited to announce Drew's appointment to CFO," said Tricia Plouf, Co-President of Trupanion. "Drew has been an integral part of our Company and additive to our culture since his arrival this past May. His vast experience in consumer finance with major global brands has proven to be a great addition to Trupanion. I expect Drew's transition into his expanded role will be seamless given our close work together over the past several months." "Drew is a proven leader, and brings a wealth of experience with global brands to Trupanion," added Margi Tooth, Co-President of Trupanion. "After working with Drew for several months, I am excited to lean on his experience as we execute on our plans for international expansion."
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ACB | Hot Stocks16:13 EDT Aurora Cannabis launches its first medical CBD product in Uruguay - Aurora Cannabis has launched Bidiol, the first medical cannabis oil in Uruguay that is wholly produced domestically. The CBD oil is available in pharmacies across the country. Aurora has shifted its strategy in Uruguay to focus exclusively on medical cannabis, with the aim of making the country its continental centre of production and distribution. Aurora's operation in Uruguay includes one of the only GMP certified cannabis processing facilities in the country. CBD oil is authorized by the Ministry of Public Health of Uruguay for the treatment of refractory epilepsy in children and adolescents. Aurora is continuing to develop its CBD oil product line in Uruguay, with plans to expand its portfolio in the coming months.
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MLHR | Hot Stocks16:12 EDT Herman Miller says 'robust demand across our business' in Q1 - "We had a strong start to fiscal 2022, as we experienced robust demand across our business while also successfully completing our acquisition of Knoll. Going forward, we are pleased to share that we will operate under the name MillerKnoll, and become one of the largest and most influential design companies in the world. The integration is progressing smoothly as we bring together the best of both organizations, and we are confident in our ability to deliver on our previously outlined cost synergy targets. Our teams across the organization are energized and focused on our purpose - design for the good of humankind."
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MLHR | Hot Stocks16:11 EDT Herman Miller reports Q1 orders $916.5M, up 64.8% - Strong demand and the Knoll acquisition drove quarterly orders of $916.5M, an increase of 64.8% compared to the prior year period, up 34.5% organically.
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MLHR | Hot Stocks16:10 EDT Herman Miller sees $100M run-rate cost synergies from Knoll within two years
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KFRC | Hot Stocks16:10 EDT Kforce signs lease for new headquarters in Tampa - Kforce announced that they have signed a lease for its new headquarters in Midtown Tampa. Kforce is proud to have honored its commitment to stay in Tampa. The Firm will occupy the fifth floor of Midtown West, one of four office buildings planned for the22-acre, $500M mixed-usedevelopment.The 10-year-lease goes into effect October 2022.
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ARCB | Hot Stocks16:09 EDT ArcBest to acquire MoLo Solutions for $235M - ArcBest announced that it has entered into a definitive agreement to acquire MoLo Solutions, a Chicago-based truckload freight brokerage. With the acquisition, ArcBest will become a top 15 U.S. truckload broker with access to over 70,000 carrier partners. MoLo revenue in 2020 equaled $274M, an increase of more than 100% over the previous year, and MoLo expects revenue of approximately $600M in 2021. Terms of the transaction include a cash payment at closing of $235M from available funds, subject to post-closing adjustments, and the potential for additional cash consideration based on achievement of Adjusted EBITDA targets for years 2023 through 2025 as outlined in Exhibit 99.2 of the Form 8-K filed on September 29, 2021. The acquisition is expected to close in the fourth quarter of 2021, subject to customary conditions and expiration of the applicable waiting period pursuant to the Hart Scott Rodino Antitrust Improvements Act of 1976.
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EGBN | Hot Stocks16:08 EDT Eagle Bancorp increases cash dividend 14% to 40c per share - Eagle Bancorp announced a cash dividend for Q3 in the amount of 40c per share. The cash dividend will be payable on November 1 to shareholders of record on October 21. This represents an increase of 5c per share, or 14%, from the dividend paid of 35c per share for Q2 and an increase of 18c per share, or 82%, from the 22c per share for the third quarter of 2020.
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KMI | Hot Stocks16:08 EDT Kinder Morgan's Kinetrex announce construction of RNG facilities in Indiana - Kinetrex Energy, a Kinder Morgan company and Wabash Valley Power Alliance announced they have started construction activities for three previously announced renewable natural gas, or RNG, facilities in Indiana. The three sites are located at the Twin Bridges Landfill in Danville, the Prairie View Landfill in Wyatt and the Liberty Landfill in Monticello. Upon completion, they are expected to produce a total of 3.5 billion cubic feet of RNG each year. Commercial operations are expected to begin in the fall of 2022, pending required permits and certifications. Kinetrex Energy expects to invest $146M to construct the RNG facilities to process gas purchased from WVPA. Waste Management, which owns the landfills, will operate the new RNG facilities. WVPA will continue to have generation facilities at the sites that will remain in operation. The new RNG facilities are designed to capture methane produced from landfills and convert that methane into pipeline-quality natural gas.
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ICFI | Hot Stocks16:07 EDT ICF International selected for $150M contract by National Cancer Institute - ICF has been selected by The National Institutes of Health's National Cancer Institute as one of three awardees for a new multiple-award indefinite delivery, indefinite quantity - IDIQ - contract to provide biomedical technical and data management support services. The ICF contract has a ceiling value of $150M and a term of five years. Services include communications and web support, data management, cloud-native biomedical computing, analytics and engineering, biomedical computing platform and tool development, bioinformatics, statistical modeling and analysis, and technical, administrative and project management support.
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ASND | Hot Stocks16:07 EDT Ascendis Pharma announces $25M share repurchase plan - Ascendis Pharma announced that its Board of Directors has authorized the Company to repurchase up to $25M of the Company's American Depositary Shares , each of which represents one ordinary share of Ascendis Pharma A/S. The program will be executed under Rules 10b-18 and 10b5-1 of the U.S. securities regulations.
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ORN | Hot Stocks16:06 EDT Orion Group awarded $192M in contracts - Orion Group announced two contract awards for its Marine segment totaling nearly $200M. The Company has been awarded a contract valued at approximately $125M from the Florida Department of Transportation to replace the State Road 405 Indian River Bridge over the NASA Causeway near Cape Canaveral, Florida. This bridge provides the main access to Kennedy Space Center and Cape Canaveral Space Force Center. The work is expected to commence during the fourth quarter of 2021 and be completed in the fourth quarter of 2024. In addition, the company has been awarded a contract valued at approximately $67M from the Port of Port Arthur to construct the Berth 6 Expansion Project in Port Arthur, Texas, that will allow for significant additional berthing capacity at the Port. The project is expected to commence in the fourth quarter of 2021 and be completed in the third quarter of 2024.
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SBUX | Hot Stocks16:05 EDT Starbucks raises quarterly dividend to 49c per share from 45c - Starbucks announced that its Board of Directors has approved an increase in the company's quarterly cash dividend from 45c to 49c per share. This increase will be effective with the dividend payment to be distributed on November 26, 2021, to shareholders of record on November 12, 2021, and raises the company's annual dividend to $1.96 per share.
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SCGLY | Hot Stocks15:52 EDT CFTC orders Societe Generale to pay $1.5M for supervision failures - The Commodity Futures Trading Commission filed and settled charges against Societe Generale S.A., a provisionally registered swap dealer, for failing to comply with certain swap dealer requirements for disclosing mid-market marks to counterparties, reporting inaccurate swap valuation data to a swaps data repository, and related supervision failures. Reference Link
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XLRN MRK | Hot Stocks15:25 EDT Acceleron down 2% to $179.50 after Bloomberg report of Merck agreement - A deal for Merck (MRK) to buy Acceleron (XLRN) for $180 per share could be announced as soon as Thursday, according to Bloomberg.
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GM | Hot Stocks15:06 EDT General Motors unveils Ultifi software platform for new vehicle experiences - General Motors announced Ultifi, its end-to-end software platform designed to unlock new vehicle experiences and connect customers' digital lives. Ultifi will help enable the frequent and seamless delivery of software-defined features, apps and services to customers over the air, the company said. It offers the potential for more cloud-based services, faster software development and new opportunities to increase customer loyalty, GM added. Ultifi's functionality builds upon the Vehicle Intelligence Platform, GM's advanced electrical architecture. VIP-enabled vehicles today provide over-the-air capability, plenty of data bandwidth, robust cybersecurity and lightning fast processing power. On top of this foundation, GM engineers will separate key software into a new centralized layer that acts as a powerful hub for vehicle systems. The Ultifi platform will then enable accelerated development and deployment of software and applications over the air to millions of customers, without affecting basic hardware controls. "GM has decades of experience writing vehicle software, creating a solid foundation to build on," said Mark Reuss, GM president. "Now with Ultifi, we will be able to improve our software continuously, and deliver new features and apps to customers in a fraction of the time."
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HOOD SNAP | Hot Stocks14:41 EDT Robinhood announces content partnership with Snapchat - Robinhood (HOOD) said in a blog post that, "we're kicking off our first-ever content partnership with Snapchat [SNAP] to bring Snacks' brand of highly digestible and engaging financial content to Snapchat's mobile-first audience. And very soon, we're rolling out Snacks content in the Robinhood app to a small subset of our customers. Education is core to accomplishing our mission. With the rollout of Snacks in our app, we're meeting our customers right where they are and providing financial news in a jargon-free, digestible and engaging format. Throughout the month, we'll be gradually rolling out the Snacks content to all customers in the Browse tab of the Robinhood app."Reference Link
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VCRA | Hot Stocks14:23 EDT Vocera awarded order from VA Department for Salisbury, NC medical center - Vocera was awarded a firm-fixed price delivery order from the Department of Veterans Affairs for the Medical Center in Salisbury, North Carolina to expand its existing Vocera solution "to enhance employee coverage throughout the facility," according to a post to the SAM.gov website with a contract award date of September 24 and original published date of September 29. Reference Link
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MCRB | Hot Stocks14:04 EDT Seres Therapeutics presents data supporting microbiome pipeline at IDWeek - Seres Therapeutics announced data from its Phase 3 ECOSPOR III study evaluating SER-109, an investigational oral microbiome therapy for recurrent C. difficile infection, will be presented at the IDWeek 2021 Virtual Conference. The company will be presenting seven posters and oral presentations related to SER-109 and C. difficile, including a late-breaker, as well as an oral presentation on SER-155, an investigational cultivated microbiome therapeutic entering clinical development designed to reduce the risk of gastrointestinal antibiotic-resistant bacterial infections, bacteremia and graft-versus-host-disease in immunocompromised patients, it said. Notably, Seres said exploratory analyses of SER-109 data revealed that SER-109 was associated with improved overall and mental health scores compared to baseline regardless of clinical outcome, as measured by CDiff32. Another poster highlights that despite more than half of the patient population in ECOSPOR III having at least one co-morbidity, SER-109 was observed to significantly reduce the incidence of recurrence compared to placebo in these patients, the company added, noting that SER-109 was observed to reduce CDI recurrence among patients at risk for recurrence because of age, gender, proton pump inhibitor use, and/or co-morbidities such as diabetes, cardiac disease and malignancy, in comparison to placebo.
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BA | Hot Stocks13:58 EDT Boeing, U.S. Air Force extend C-17 sustainment partnership - Boeing will continue assuring the C-17 Globemaster III's worldwide mission readiness through a follow-on contract awarded by the U.S. Department of Defense, valued at up to $23.8B including potential options and incentives over ten years, the company said in a statement. The program is currently funded through September 2024 with a Phase I award of $3.5B, it added, noting that under the agreement, Boeing will continue performing critical sustainment activities, including engineering, field support, and material management, for the global fleet of 275 aircraft. The contract provides additional funding for new work scope such as international staffing to augment maintenance efforts and cyber security work statement.
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GOOG GOOGL | Hot Stocks13:56 EDT Google to launch wildfire layer on Google Maps - Google said it is bringing all of Google's wildfire information together and launching it globally with a new layer on Google Maps. With the wildfire layer, users can get up-to-date details about multiple fires at once, allowing them to make quick, informed decisions during times of emergency. In addition, the company said that, in 2022, it will expand the Environmental Insights Explorer Tree Canopy tool from 15 U.S. cities to over 100 new cities around the globe in places like Guadalajara, London, Sydney and Toronto. Reference Link
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GOOG... | Hot Stocks13:54 EDT Google expands browsing feature for shopping with Lens, adds 'in stock' feature - Bill Ready, President of Commerce, Payments &NBU at Google (GOOG;GOOGL) said in part on Google's Keyword blog: "Shopping online is as much about inspiration and discovery as it is about the final purchase. ...We've made a number of changes over the last couple of years to improve your shopping experience, including giving you more choice when you shop on Google. For example, we've made it free for merchants to list on Google and made it easy for sellers on Shopify (SHOP) and other digital platforms to start selling on Google, so their products and inventory are discoverable for shoppers...And today, we're adding new tools to make it easier for shoppers to browse for inspiration, find new products and brands and ultimately find what they're looking for in a more visual way...Starting soon, iOS users will see a new button in the Google app to make all the images on a page searchable through Google Lens. Now, finding this lamp or that shirt (and ones like it) is just a tap away. We're also bringing Lens to Chrome on your desktop...Starting today, we're making it easier to browse for clothing, shoes and accessories on mobile right from your Search results. For example, when you search for "cropped jackets," we'll show you a visual feed of jackets in various colors and styles, alongside other helpful information like local shops, style guides and videos.Starting today, we're making it easier to browse for clothing, shoes and accessories on mobile right from your Search results. For example, when you search for "cropped jackets," we'll show you a visual feed of jackets in various colors and styles, alongside other helpful information like local shops, style guides and videos...You can now use the "in stock" filter to see only the nearby stores with a specific item on their shelves. Reference Link
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EVH | Hot Stocks13:52 EDT Evolent Health trading resumes
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EA | Hot Stocks13:48 EDT Electronic Arts announces expanded EA Sports FIFA 22 esports program - Electronic Arts and the Federation Internationale de Football Association, or FIFA, announced a new EA Sports FIFA 22 esports program "anticipated to attract tens of millions of players and viewers." EA said: "Featuring both 1v1 and 2v2 competitions, players will represent themselves, globally recognized esports organizations, real-world football clubs, and their nation in a diverse set of FIFA esports events. The three competitions featured in the expanded esports ecosystem are the FIFAe Club Series 2022, the FIFAe Nations Series 2022, and the EA Sports FIFA 22 Global Series on The Road to the FIFAe World Cup 2022. The three pinnacle events of the series will all take place in summer 2022."
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EVH | Hot Stocks13:47 EDT Evolent Health trading halted, volatility trading pause
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MIRM | Hot Stocks13:31 EDT Mirum Pharmaceuticals up 7% following FDA approval of Livmarli - Shares of Mirum Pharmaceuticals are up $1.35, or 7%, to $20.10 after resuming trading.
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MIRM | Hot Stocks13:30 EDT Mirum Pharmaceuticals trading resumes
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ETCMY | Hot Stocks13:22 EDT Eutelsat confirms receipt of proposal from Patrick Drahi, won't engage in talks - Eutelsat Communications confirms, pursuant to "market rumors," that Eutelsat that it has received an unsolicited, preliminary and non-binding proposal from Patrick Drahi in connection with a potential transaction on all of the company's share capital. "The relevant governance bodies of Eutelsat Communications have unanimously decided not to engage in discussions based on the terms of this proposal," the company said.
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CNI... | Hot Stocks13:13 EDT North American rail traffic dropped 1.9% in week ended September 25 - The Association of American Railroads or AAR, reported U.S. rail traffic for the week ending September 25. For this week, total U.S. weekly rail traffic was 511,713 carloads and intermodal units, down 1.3% compared with the same week last year. Total carloads for the week ending September 25 were 239,069 carloads, up 6.6% compared with the same week in 2020, while U.S. weekly intermodal volume was 272,644 containers and trailers, down 7.3% compared to 2020. North American rail volume for the week ending September 25, on 12 reporting U.S., Canadian and Mexican railroads totaled 338,697 carloads, up 4.6% compared with the same week last year, and 358,622 intermodal units, down 7.3% compared with last year. Total combined weekly rail traffic in North America was 697,319 carloads and intermodal units, down 1.9%. North American rail volume for the first 38 weeks of 2021 was 26,329,161 carloads and intermodal units, up 8.2% compared with 2020. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC) , Union Pacific (UNP), Trinity Industries (TRN), Greenbrier (GBX), and FreightCar America (RAIL). Reference Link
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MIRM | Hot Stocks13:07 EDT Mirum Pharmaceuticals to resume trading at 1:30 pm ET - Shares of Mirum Pharmaceuticals are set to resume trading at 1:30 pm ET, with quotation to resume at 1:25 pm ET, according to Nasdaq. Shares were halted ahead of the company announcing news that the U.S. Food and Drug Administration has approved Livmarli oral solution for the treatment of cholestatic pruritus in patients with Alagille syndrome, or ALGS, one year of age and older.
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MIRM | Hot Stocks13:02 EDT FDA approves Mirum Pharmaceuticals' maralixibat for cholestatic pruritus in ALGS - Mirum Pharmaceuticals announced that the U.S. Food and Drug Administration has approved Livmarli oral solution for the treatment of cholestatic pruritus in patients with Alagille syndrome, or ALGS, one year of age and older. Livmarli, a minimally absorbed ileal bile acid transporter inhibitor, is "the first and only FDA-approved medication in this rare liver disease which affects 2,000 to 2,500 children in the United States," the company said. Livmarli is now available for prescribing. In conjunction with the approval, Mirum received a rare pediatric disease priority review voucher. For patients who are currently enrolled in the U.S. Expanded Access Program, MAP coordinators will assist patients who wish to continue on Livmarli with the conversion to prescription Livmarli. The EAP will remain open for eligible patients with ALGS in Australia, Canada, the UK and several countries in Europe until Livmarli is approved in the respective country, the company noted.
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FISV | Hot Stocks13:00 EDT Fiserv to add about 2,000 jobs in New Jersey - Fiserv announced a commitment to continue and expand its presence in New Jersey. The company will add approximately 2,000 jobs to its existing presence and invest in a new location in Berkeley Heights, New Jersey, Fiserv said in a statement. The majority of the new jobs will be technology-related roles, and all will be based in a new Fiserv campus at The Park in Berkeley Heights, it added. "Fiserv has been in New Jersey for decades. Our new location in Berkeley Heights will be a dynamic hub of collaboration and innovation, bringing our people together in an inspiring workplace environment to create opportunity for unmatched energy and career growth experiences as we move payments and financial services forward on behalf of our clients," said Frank Bisignano, President and CEO of Fiserv.
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TPC | Hot Stocks12:52 EDT Tutor Perini subsidiary awarded contract valued at $122M for Guam project - Tutor Perini Corporation announced that its subsidiary, Black Construction Corp., has been awarded a fixed-price contract valued at approximately $122M by the Naval Facilities Engineering Systems Command, Pacific Division, for the construction of a machine gun range at the Northwest Field, Andersen Air Force Base, Guam. The work to be performed consists of the construction of a multi-lane, multi-purpose machine gun range, a range control tower, ammunition distribution point and covered bleachers, the company said in a statement, adding that the work also includes utilities, site work and incidental related work. Preliminary work will begin immediately and the project is expected to be completed by October 2024, it said. The contract value will be included in the company's third-quarter 2021 backlog.
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VRAY | Hot Stocks12:50 EDT ViewRay announces FDA acceptance of new MRIdian features - ViewRay announced that it received acceptance from the Food and Drug Administration on its recent submission for new MRIdian features focused on enhancing on-table adaptive workflow efficiency and expanding clinical utility.
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MRK | Hot Stocks12:24 EDT Merck up 2% after data on COVID-19 antiviral drug effectiveness against variants - Shares of Merck are up 2% to $74.57 after the company presented data on its oral COVID-19 antiviral drug, molnupiravir, during IDWeek, the annual meeting of infectious disease organizations. According to Reuters' Deena Beasley's report of data presented at the medical event, the pill is likely to be effective against known variants of the coronavirus, including the dominant, highly transmissible Delta variant. Jay Grobler, head of infectious disease and vaccines at Merck, is quoted as having said molnupiravir does not target the spike protein of the virus and thinks the drug should be equally effective as the virus continues to evolve, according to Reuters' report. Merck is conducting two Phase 3 trials of the antiviral it is developing with Ridgeback Biotherapeutics - one for treatment of COVID-19 and another as a preventive - and Grobler said he anticipates the first study will finish in early November, though he added that "data could come sooner or later." Reference Link
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T | Hot Stocks12:16 EDT AT&T to require COVID-19 vaccination for CWA workers - AT&T said it is implementing a COVID-19 vaccination policy that extends its vaccine requirement to CWA-represented employees, helping to make its workplace safer for more of its employees and customers. This follows the policy the company announced in August, requiring most management employees to be vaccinated by Oct. 11, 2021. This new COVID-19 vaccination policy calls for CWA-represented employees who come into work locations, client and customer events or sites, or who are temporarily working from home to be fully vaccinated and compliant with the policy by Feb. 1, 2022, unless they get an approved job accommodation. Reference Link
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WMT | Hot Stocks12:11 EDT Walmart to hire 150,000 new U.S. associates ahead of holiday season - Walmart said it is planning to hire approximately 150,000 new U.S. store associates, most of them permanent, full-time positions across the country. "Many of our store associates like to pick up extra hours over the holiday season, and we'll continue to offer those opportunities," the company said. "We've also invested in our associates by making three major wage increases over the past year, offering more full-time roles and paying 100% of their college tuition and books through Live Better U." In addition to the 150,000 new associates in stores, the company also announced plans to hire20,000 associatesin its supply chain facilities to permanent roles. Reference Link
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ALVR | Hot Stocks12:06 EDT AlloVir treatment for virus-associated hemorrhagic cystitis gets orphan status - AlloVir's treatment for virus-associated hemorrhagic cystitis was granted orphan status by the FDA, according to a post to the agency's website. Reference Link
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IRNT | Hot Stocks12:01 EDT IronNet falls -12.3% - IronNet is down -12.3%, or -$3.25 to $23.11.
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ML | Hot Stocks12:01 EDT MoneyLion falls -13.1% - MoneyLion is down -13.1%, or -$1.06 to $7.03.
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GLEO | Hot Stocks12:00 EDT Galileo Acquisition Corp. falls -17.6% - Galileo Acquisition Corp. is down -17.6%, or -$1.87 to $8.77.
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LICY | Hot Stocks12:00 EDT Li-Cycle rises 7.8% - Li-Cycle is up 7.8%, or 86c to $11.86.
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UNFI | Hot Stocks12:00 EDT United Natural Foods rises 7.9% - United Natural Foods is up 7.9%, or $3.72 to $50.70.
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ELVT | Hot Stocks12:00 EDT Elevate Credit rises 11.1% - Elevate Credit is up 11.1%, or 39c to $3.91.
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MIRM | Hot Stocks11:53 EDT Mirum Pharmaceuticals trading halted, news pending
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DIS | Hot Stocks11:47 EDT Disney says 'Star Wars: Boba Fett' series streaming on Disney+ December 29 - Disney announced that upcoming original series "Star Wars: The Book of Boba Fett" will start streaming exclusively on Disney+ December 29. Reference Link
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DKNG | Hot Stocks11:32 EDT DraftKings to start retail sports betting at Connecticut Foxwoods September 30 - The Mashantucket Pequot Tribal Nation and DraftKings announce retail sports betting in Connecticut will begin on September 30 at Foxwoods Resort Casino. "Players will be able to place bets at the temporary DraftKings Sportsbook at Foxwoods - located at the Ultimate Race Book in Rainmaker Casino - in addition to betting kiosks located across the resort. Statewide, off-reservation online sports betting and iGaming is expected to launch in early October pending regulatory approvals... In the coming weeks, DraftKings and Foxwoods will announce the opening of their permanent retail sportsbook, currently in the final stages of construction," the company said.
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XOM RNFTF | Hot Stocks11:09 EDT Exxon Mobil, Rosneft announce MOU to cooperate in carbon management - ExxonMobil (XOM) and Rosneft (RNFTF) announce that they have signed a Memorandum of Understanding, or MOU, to cooperate on the assessment of lower-carbon technologies to reduce greenhouse gas emissions from their operations. "The companies will consider the prospects of new projects initially focused on carbon capture and storage and the development of lower-carbon fuels, such as hydrogen and ammonia. The MOU continues the cooperation between the two companies and signals their intent to jointly develop and implement lower-carbon projects, as well as exchange their respective experience and technological solutions in promising areas," they stated. Reference Link
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FB | Hot Stocks11:03 EDT Facebook announces U.S. launch of short-form video Reels - Facebook announced the launch Reels on Facebook for iOS and Android in the U.S. "We're bringing short form, entertaining video experiences and tools that have inspired creators on Instagram to more creators and audiences on the Facebook app," the company said in a statement. Reels on Facebook are set to be public for creators who are over 18. Reference Link
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VUZI | Hot Stocks11:01 EDT Vuzix signs distribution agreement with Acuraflow, receives initial order - Vuzix announced that it has signed a distribution agreement with Acuraflow, a developer and deployer of sustainable management solutions, and has received an initial order from them for Smart Glasses. "This distribution agreement with Vuzix is very important for us to continue serving LATAM with digital transformation in industrial companies and to expand into education and healthcare. We view Vuzix products as best in class, especially for logistics, picking and medical use cases, where Vuzix excels on being lightweight and easy to use. As a master distributor in the region, our customers will be able to purchase Vuzix products with better shipping conditions, competitive landed costs, and a host of value-added services," stated Lucas Reed, Business Development Manager at Acuraflow.
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HLBZ | Hot Stocks10:54 EDT Helbiz announces registration statement declared effective by SEC - Helbiz announced earlier that its registration statement on Form S-1 was declared effective by the U.S. Securities and Exchange Commission, or SEC, on September 28, 2021 registering: the resale of up to 2,650,000 shares of Class A Common Stock held by PIPE investors; the resale of up to 2,650,000 shares of Class A Common Stock underlying warrants held by the PIPE investors at an exercise price of $11.50 per share; and 5,750,000 shares of Class A Common Stock issuable upon the exercise of the public warrants at $11.50 per share. As a result of the effectiveness of the Registration Statement and based on discussions with Nasdaq, the company believes that it has regained compliance with Nasdaq's initial listing requirements of a $15M free trading public float and 1M free trading shares in the public float. The company is awaiting confirmation from Nasdaq that it has achieved compliance.
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GNRC | Hot Stocks10:53 EDT Generac drops 5.5% to $402.35 after providing 3-year targets at Investor Day
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SRAX FPVD | Hot Stocks10:49 EDT SRAX says Bigtoken, BritePool merger 'favorable outcome for SRAX shareholders' - SRAX (SRAX) announced the merger between Force Protection Video Equipment Corp (FPVD), also known as Bigtoken, and Britepool. As a result of the transaction, SRAX's resulting ownership position will cause the deconsolidation of its subsidiary, BIGtoken, from the date of the close. The merger is anticipated to close in approximately thirty days, subject to customary closing conditions. Prior to the closing of the transaction which is awaiting regulatory approval, SRAX shall exchange their approximately 150 billion shares into preferred shares with blockers at 4.99% and or 9.99%. "This move will allow SRAX to recognize the value of the asset on its balance sheet while no longer requiring the consolidation of BIGtoken's operating results. This will allow SRAX investors to recognize the true operating performance of the Sequire platform," the company stated. "We are excited for the Bigtoken and Britepool teams to come together for this merger. The new combined management team is incredible. The movement of our position to a preferred share, which is currently worth a significant amount of money, will be very beneficial for our shareholders. The market will now be able to understand the true value that SRAX is generating on its own. We are currently exploring the best way to maximize the value of this asset for our shareholders," added Christopher Miglino, Founder and CEO of SRAX.
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GNRC | Hot Stocks10:48 EDT Generac sees $2B-$2.5B of free cash flow for 2022-2024
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RNG | Hot Stocks10:32 EDT RingCentral announces first partnership in Mexico with MCM Telecom - RingCentral announced that MCM Telecom will offer a co-branded solution called RingCentral for Symphony, which will be the lead MCM Unified Communications as a Service offering to all business customers. "We're excited to be expanding to Mexico through our partnership with MCM. Together, MCM and RingCentral will deliver the latest business communications capabilities to enterprises across Mexico," said Sandra Krief, Vice President, Service Provider Americas at RingCentral.
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CHKP | Hot Stocks10:16 EDT Check Point, Alkira collaborate to bring security to cloud workloads - Alkira and Check Point Software Technologies announced a technology alliance to provide Check Point Software's CloudGuard firewalls in Alkira's Cloud Network infrastructure as-a-Service, or CNaaS. "This comes as organizations deploying application workloads to the cloud are struggling with the complexity of implementing consistent enterprise-wide security controls spanning cloud, multi-cloud and on-premises environments," the company said. The Check Point CloudGuard platform provides cloud native security with threat prevention for all assets and workloads enabling customers to deploy the same security in the cloud that they are used to with on-premises systems. Alkira Cloud Services Exchange fully automates the provisioning, licensing, service insertion, scaling and health monitoring of CloudGuard network security gateways. Once CloudGuard has been provisioned within an Alkira CXP it can provide: security policy to and between public clouds; cloud hosted, stateful firewall services for branches and data centers; regionalized Internet breakouts for secure SaaS application access; cloud DMZ environment for Internet facing applications; and shared cloud application services for partners and M&As.
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NAOV | Hot Stocks10:15 EDT NanoVibronix signs provider participation agreement with Orchid Medical - NanoVibronix announced it has entered the worker's compensation market with the signing of a Provider Participation Agreement with Orchid Medical, a national provider of integrated ancillary and surgical cost containment solutions specifically for the workers' compensation industry. The agreement facilitates the reimbursement of the company's PainShield product for eligible patients receiving benefits under a worker's compensation plan making it easier for plan beneficiaries to obtain the product for the treatment of pain, the company said in a statement. Brian Murphy, CEO of Nanovibronix, stated, "Signing this agreement with a national worker's comp payer serves as our first entree into the worker's compensation market and clears the way for easier access to PainShield for the management of pain resulting from work-related injuries." Under the terms of the two-year agreement, NanoVibronix will supply PainShield initial supply kits and disposables to Orchid Medical at a fixed price. The agreement will automatically renew each year, NanoVibronix added.
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CUZ V | Hot Stocks10:08 EDT Cousins Properties announces lease with Visa in Atlanta - Cousins Properties (CUZ) announced that Visa (V) has signed a long-term, approximately 123,000 square foot lease at 1200 Peachtree in Midtown Atlanta. Visa is expected to create approximately 1,000 new jobs in the region over the next several years as it establishes a permanent office presence in the Atlanta market. Initial occupancy is expected during the fourth quarter of 2022.
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LGVN | Hot Stocks10:03 EDT Longeveron: Lomecel-B decreased biomarker Tie-2 in subjects vs. placebo - Longeveron announced preliminary top line results from ongoing biomarker analysis from the company's Phase 2b trial of Lomecel-B investigational cell therapy in Aging Frailty subjects. Biomarker analysis, which is considered exploratory in this trial, revealed that administration of Lomecel-B was associated with a statistically significant reduction in serum levels of soluble TIE-2 in a dose-dependent fashion at Day 270 compared to placebo, the company said in a statement. The company plans to further explore the Tie-2 changes in additional subject populations with Aging Frailty, it added, further stating that results showed that frail subjects with an average age of 75.2 years with impaired mobility could walk nearly 50 meters further 180 days after a single infusion of Lomecel-B .
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QUIK | Hot Stocks10:01 EDT QuickLogic signs worldwide distribution agreement with Digi-Key Electronics - QuickLogic announced it has signed a worldwide distribution agreement with Digi-Key Electronics. The company's EOS S3 low power microcontrollers, supported by 100% open-source software is now available at Digi-Key Electronics.
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EPAC | Hot Stocks10:00 EDT Enerpac Tool falls -7.1% - Enerpac Tool is down -7.1%, or -$1.65 to $21.48.
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GLEO | Hot Stocks10:00 EDT Galileo Acquisition Corp. falls -9.4% - Galileo Acquisition Corp. is down -9.4%, or -$1.00 to $9.64.
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ML | Hot Stocks10:00 EDT MoneyLion falls -9.9% - MoneyLion is down -9.9%, or -80c to $7.29.
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BEKE | Hot Stocks10:00 EDT KE Holdings rises 5.4% - KE Holdings is up 5.4%, or 94c to $18.42.
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BROS | Hot Stocks10:00 EDT Dutch Bros rises 6.5% - Dutch Bros is up 6.5%, or $2.87 to $46.77.
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RGS | Hot Stocks10:00 EDT Regis rises 9.7% - Regis is up 9.7%, or 40c to $4.50.
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PTR | Hot Stocks09:47 EDT PetroChina falls -5.5% - PetroChina is down -5.5%, or -$2.73 to $47.29.
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IRNT | Hot Stocks09:47 EDT IronNet falls -5.5% - IronNet is down -5.5%, or -$1.45 to $24.91.
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AGQ | Hot Stocks09:47 EDT ProShares Ultra Silver falls -6.9% - ProShares Ultra Silver is down -6.9%, or -$2.29 to $30.72.
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SPR | Hot Stocks09:47 EDT Spirit AeroSystems rises 4.8% - Spirit AeroSystems is up 4.8%, or $2.07 to $45.23.
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ASAN | Hot Stocks09:47 EDT Asana rises 4.9% - Asana is up 4.9%, or $5.03 to $107.28.
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WOR | Hot Stocks09:47 EDT Worthington rises 7.1% - Worthington is up 7.1%, or $3.96 to $59.65.
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MSFT | Hot Stocks09:30 EDT Microsoft announces strategic partnership, investment in Truveta - Microsoft and Truveta announced a strategic partnership to "apply the power of Microsoft Azure and AI to help Truveta achieve its vision of saving lives with data." The companies said: "Through their strategic partnership, Microsoft and Truveta will work together to scale the Truveta platform globally, introduce new customers to Truveta and accelerate opportunities for more health providers to become members, contributing their data for insights for the common good of humanity. Microsoft is also making a strategic investment in Truveta to help accelerate how quickly the world can benefit from Truveta insights. Truveta will also become a Microsoft Cloud for Healthcare partner and enable Microsoft to strengthen its own offerings for healthcare customers... Truveta - the first health provider-led data platform owned and governed by 17 innovative leading health providers in the U.S. including Providence, Novant Health, Northwell Health and Trinity Health - has selected Microsoft Azure as its exclusive cloud platform. The Truveta platform on Azure will initially represent more than 15% of all clinical care in the United States and billions of data points, creating the world's largest de-identified health data platform." Reference Link
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LSPD | Hot Stocks09:28 EDT Lightspeed drops 6% to $106.05 following Spruce Point short report
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CPIX | Hot Stocks09:27 EDT Cumberland launches RediTrex pre-filled syringes for arthritis - Cumberland announced the national launch of its RediTrex - methotrexate - line of pre-filled syringes designed for the treatment of active rheumatoid, juvenile idiopathic and severe psoriatic arthritis. An FDA-approved injectable methotrexate, RediTrex treats patients with severe, active rheumatoid arthritis and polyarticular juvenile idiopathic arthritis who have difficulty tolerating or responding to orally delivered MTX. It is also approved for symptomatic control of severe, recalcitrant, disabling psoriasis in adults who are not adequately responsive to other forms of therapy.
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EDIT | Hot Stocks09:27 EDT Editas Medicine off lows following report of data on EDIT-101 - Editas Medicine shares, which had been down by a double-digit percentage immediately following the announcement of initial clinical data from the ongoing Phase 1/2 BRILLIANCE clinical trial of EDIT-101 for the treatment of blindness due to Leber congenital amaurosis 10, have come off their lows to be down about 5% to $49.69 ahead of the open.
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LILA... | Hot Stocks09:25 EDT America Movil and Liberty Latin America to combine Chilean operations in JV - Liberty Latin America (LILA) and America Movil (AMX ,AMOV) announced an agreement to combine their respective Chilean operations, VTR and Claro Chile, to form a 50:50 joint venture . The proposed transaction combines the complementary operations of VTR, a leading provider of high-speed consumer fixed products, such as broadband and Pay TV services, where it connects close to 3M subscribers nationwide, and Claro Chile, one of Chile's leading telecommunications service providers with over 6.5M mobile customers, to create a business with greater scale, product diversification, and a capital structure that will enable significant investment for fixed fiber footprint expansion and to be at the forefront of 5G mobile delivery. By 2025, the JV anticipates passing 6 million homes through its fixed network and the majority will have access to FTTH infrastructure. The parties expect the JV will generate significant operating benefits and associated value creation, with estimated run-rate synergies of over $180M, 80% of which are expected to be achieved within three years post completion. Most of these benefits relate to cost savings, driven by network and operating efficiencies resulting from the combination. In addition, parties expect the JV to develop additional revenue streams through cross-selling opportunities and scale. Each of LLA and AMX made a commitment to contribute businesses with net debt of $1.5B$0.4B respectively. In addition, LLA will make a balancing payment to AMX of $0.1B. Neither LLA nor AMX will consolidate the JV after the closing. The formation of the JV will not result in a change of control event for existing debtholders of VTR. The JV, as a whole, through organic growth and synergy realization will target a long-term net leverage ratio of 2.8x to 3.5x EBITDA. Executive leadership of the JV will be agreed prior to the closing. The board will consist of eight persons, with four representatives from each of LLA and AMX. The role of Chairperson will rotate between the shareholders. Certain actions of the JV will be subject to the consent of both parties. The transaction excludes all telecommunication towers owned indirectly by AMX in Chile.
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SRNA | Hot Stocks09:18 EDT Surna announces benching, racking line-up - Surna announced another expansion to its products and service offering to include benching and racking equipment. Surna is a seasoned leader in the controlled environment agriculture market and is intent on bringing the most efficient and sustainable designs and systems to the industry. Surna's benching and racking can be adapted to the grower's specific requirements. Surna now offers a full portfolio of benching and racking options that include single-tier, ebb and flow growing benches, stationary benches, rolling and tracking benches, multi-tier vertical farming racks, and cloning and drying racks.
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BLNK | Hot Stocks09:17 EDT Blink Charging begins to deploy EV charging stations at hotels - Blink Charging announced that it is deploying it's fast Level 2 charging stations across six hotel locations in Virginia, Maryland and Washington D.C. These sites, featuring a total of 16 charging ports, are part of an approximate $233,000 grant with the Mid Atlantic Electrification Partnership through Virginia Department of Mines Minerals and Energy Blink was awarded in 2020. These hotel deployments represent the most recent development of the Mid-Atlantic Electrification Partnership to create a regional EV ecosystem in the region.
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ELMS | Hot Stocks09:16 EDT Electric Last Mile Solutions ships first Urban Delivery EVs to customers - Electric Last Mile Solutions announced that it has shipped its first Urban Delivery units to customers, marking the launch of the first commercial Class 1 EV in the U.S. market. The Urban Delivery EVs came out of ELMS' production facility in Mishawaka, Indiana and were shipped to Randy Marion Automotive Group, one of the country's largest commercial dealerships, as part of a binding purchase order for 1,000 units that was announced last week.
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CNI | Hot Stocks09:13 EDT TCI Funds raises 'serious concerns' about integrity of Canadian National Board - TCI Fund Management, on behalf of itself and as investment manager of long-term shareholders CIFF Capital UK LP and The Children's Investment Master Fund, delivered a letter to the Board of Directors of Canadian National Railway raising serious concerns about its integrity and commitment to proper corporate governance practices. Specifically, CN failed to disclose the material development that Julie Godin had resigned from the Board on September 16, 2021 in an appropriate and timely manner. The letter stated, in part, "In summary, the manner in which Julie Godin's resignation was dealt with, including the failure to inform the market by way of press release in a timely manner, especially in the existing context, raises serious questions about the integrity of the Board and its commitment to good corporate governance."
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SF | Hot Stocks09:11 EDT Stifel Financial to acquire Vining Sparks - Stifel Financial announced it has entered into a definitive agreement to acquire 100% of Vining Sparks and its affiliates. Terms of the transaction, which is expected to close in the fourth quarter of 2021, were not disclosed. Vining Sparks has approximately 275 employees in 13 offices throughout the United States. The firm provides institutional fixed income brokerage, balance sheet management and underwriting services to more than 4,000 institutional clients in all 50 states. "This transaction brings together two similar client-centric institutional fixed income businesses based on a philosophy of providing value-added services supported by strategy, analytics and technology," said Ronald Kruszewski, Chairman and CEO of Stifel. "The cultural and strategic fits between our firms are substantial, as Vining's core depository client base had less than 5% net revenue overlap with Stifel's fixed income client base last year. Ultimately, we see opportunity to leverage Vining's core relationships across both the Stifel and Keefe, Bruyette and Woods platforms to further our position as the market leader, and most trusted advisor, in the financial services sector. I am also happy to welcome Mark Medford who will be joining us as a Vice Chairman of Stifel Financial."
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ATEC | Hot Stocks09:10 EDT AlphatecATEC expands platform with InVictus OsseoScrew spinal fixation - Alphatec Holdings announced the launch of the InVictus OsseoScrew Expandable Spinal Fixation System. InVictus OsseoScrew has been designed to be an alternative to the conventional use of cemented fenestrated screws for patients with compromised bone. The system is intended to restore spinal column integrity, even in the absence of fusion, in patients with advanced stage tumors involving the thoracic and lumbar spine in whom life expectancy is of insufficient duration to permit achievement of fusion. An expansion of the InVictus Posterior Fixation Platform, InVictus OsseoScrew integrates seamlessly with InVictus MIS and Open platforms as well as SafeOp Automated EMG. "InVictus OsseoScrew advances care for patients with compromised bone quality; a testament of ATEC's pursuit of solutions for unmet clinical needs," said Pat Miles, Chairman and Chief Executive Officer. "The system enhances the versatility of InVictus, our industry-leading comprehensive posterior fixation system, and provides surgeons with greater optionality to customize patient care. InVictus OsseoScrew will align well with the level-specific bone density information that EOS will soon be capable of ascertaining, establishing a foundation for the next-generation of ATEC surgical planning."
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GSM | Hot Stocks09:10 EDT Ferroglobe announces plans to restart silicone metal facility in US - Ferroglobe announces that its subsidiary, Globe Metallurgical, is considering plans to restart its silicon metal facility in Selma, Alabama. GMI is working with state and local representatives and is seeking New Market Tax Credits for the project, which would help offset commissioning costs and enable the company to acquire and upgrade equipment to begin production of silicon metal. Combined, the two-furnace operation has total annual capacity of 22,000 tons of silicon metal. GMI would plan on restarting one furnace in December 2021 and hopes to restart the second furnace by March 2022. Combined the facility would require approximately 100 local new hires, and 150 indirect local suppliers. Marco Levi, Ferroglobe's Chief Executive Officer commented, "Ferroglobe is one of the few silicon metal producers with meaningful idled capacity which can be restarted globally. In light of favorable market conditions in North America heading into 2022, the Selma facility will be an important asset in our U.S. silicon platform going forward, particularly with the permanent shut down of our Niagara Falls, New York facility as part of our strategic turnaround plan. The restart of the Selma facility has been a part of our multi-year strategy, and we feel this is an opportune time to commence the process."
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EDIT | Hot Stocks09:10 EDT Editas Medicine down 11% after announcing data from Phase 1/2 BRILLIANCE trial - Shares of Editas Medicine are down $5.79, or 11%, to $46.66 in pre-market trading after the company announced initial clinical data from the ongoing, open label Phase 1/2 BRILLIANCE clinical trial of EDIT-101 for the treatment of blindness due to Leber congenital amaurosis 10, a retinal degenerative disorder.
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VRSK | Hot Stocks09:08 EDT Verisk Analytics enters collaboration with Insurance Regulatory Consultants - Insurers looking to enhance their operations, develop custom products and comply with state regulations can now benefit from a new collaboration between Verisk and Insurance Regulatory Consultants, a full-service state filing and regulatory compliance company. As part of the collaboration, Verisk can leverage the deep domain expertise and robust data of its ISO business to help new and existing insurers launch new products, improve their actuarial analysis and enhance their strategic decision making. IRC can assist the insurers in the development of these new products and guide them through the regulatory approval process.
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AMD | Hot Stocks09:08 EDT AMD announces 26th annual Corporate Responsibility Report - AMD announced the publication of its 26th annual Corporate Responsibility Report highlighting the company's accomplishments from the previous year, including performance against its 2014 to 2020 targets, and unveiling new goals through 2025 and 2030. This year's report features four key environmental, social and governance, or ESG, strategic focus areas that guide the company's purpose-driven approach to high-performance computing: digital impact, environmental stewardship, supply chain responsibility, and diversity, belonging and inclusion. Driving Meaningful Digital Impact : Last year, AMD established the COVID-19 High Performance Compute Fund to provide universities and institutions with computing resources to accelerate medical research on COVID-19 and other diseases. The company also recently launched a new learning lab in Singapore for students and teachers to advance digital literacy skills, continuing the expansion of AMD learning labs in site communities worldwide. Advancing Environmental Stewardship: The company now aims to achieve a 30x increase in energy efficiency by 2025 for AMD processors and accelerators powering servers for the rapidly growing markets of artificial intelligence-training and HPC. Upholding a Responsible Supply Chain: The company has announced new 2025 supply chain goals that include auditing 100% of its suppliers while increasing their climate protection efforts and capacity building activities, such as training and industry engagements. Fostering a Culture of Diversity, Belonging and Inclusion: The company is expanding diversity data disclosures and efforts to deepen engagements with Historically Black Colleges and Universities and Hispanic-serving institutions in the U.S.
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EDIT | Hot Stocks09:07 EDT Editas Medicine announces initial clinical data from Phase 1/2 BRILLIANCE trial - Editas Medicine announced initial clinical data from the ongoing, open label Phase 1/2 BRILLIANCE clinical trial of EDIT-101. EDIT-101 is under development for the treatment of blindness due to Leber congenital amaurosis 10, a CEP290-related retinal degenerative disorder. The data, including preliminary patient safety and efficacy assessments relating to potential clinical benefits, are being presented today in an oral presentation at the XIXth International Symposium on Retinal Degeneration by Dr. Mark Pennesi, M.D., Ph.D. Preliminary results include safety and efficacy data from the first two cohorts, the adult low-dose cohort and the adult mid-dose cohort. The BCVA eligibility criteria for the adult low-dose cohort are light perception, black-white discrimination, and white field projection. For the adult mid-dose and all other cohorts, the first subject is required to have light perception to BCVA of 1.6 logMAR. BCVA criteria for all subsequent subjects is LP to 0.4 logMAR. Safety data was reported with respect to all six subjects treated in the low dose and mid-dose cohorts. Most adverse events were mild and primarily resulting from the surgical procedure and subretinal injection. There were no dose limiting toxicities defined as a vision-threatening toxicity or severe non-ocular AE that occurs before or at the Week 4 visit and is assessed by the investigator as being related to EDIT-101 and not the administration procedure. Mild anterior chamber inflammation was observed, and adequately controlled with oral steroids. No Cas9-specific antibody or T-cell response was detected. To date, no treatment-related cataracts, edema, or retinal thinning have been observed. Efficacy was assessed based on available data from five subjects treated in the adult low-dose cohort and the adult mid-dose cohort, who had at least three months of post treatment follow-up, focusing on those measures demonstrated to be consistent and reproducible in subjects with CEP290 retinal degeneration, including: BCVA, FST, and Visual Function Navigation. Two of three subjects in the mid-dose cohort followed for up to six months showed efficacy signals suggesting productive editing and providing initial support for clinical benefits, including improvements in BCVA, FST, and/or mobility navigation. BCVA is assessed by using the Early Treatment of Diabetic Retinopathy Study eye chart, or the Berkeley Rudimentary Vision Test, or the Lea Symbols 15-line pediatric eye chart. FST measures the sensitivity of the entire visual field by testing for the lowest luminance flash which provokes a visual sensation. Patients are presented with blue, red, and white stimuli, and based on the blue-red difference, the experimenter can determine the sensitivity of rod-mediated and cone-mediated perceptions. Navigational capabilities were assessed using standardized mobility testing with four different navigation courses, designed with varying levels of difficulty. Mid-dose cohort Subject 1 showed improvement in BCVA of approximately 0.7 logMAR at Month 1.5 which was sustained at Month 6 follow-up. In addition, there was a positive trend toward improved retinal sensitivity by FST in the study eye relative to the untreated eye. The subject also demonstrated a 5-level improvement in mobility at Month 6, as assessed with the VNC. Mid-dose cohort Subject 2 showed improvement by Month 3 with a stable BCVA and a notable improvement in retinal sensitivity in the study eye relative to the untreated eye by FST, detectable at Month 1.5 that continued to improve through Month 3. In June, the Independent Data Monitoring Committee endorsed proceeding with the first pediatric cohort based on a review of clinical safety data from the adult low-dose and adult mid-dose cohorts. Treatment in the adult high-dose cohort continues and the pediatric mid-dose cohort is commencing.
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TRUE | Hot Stocks09:06 EDT TrueCar forecasts 1,007,396 new vehicle sales in September, down 25% y/y - TrueCar forecasts total new vehicle sales will reach 1,007,396 units in September, down 25% from a year ago and down 8% vs. August, when adjusted for the same number of selling days. This month's seasonally adjusted annualized rate for total light vehicle sales is an estimated 12.2M, down 25% from September 2020. Excluding fleet sales, TrueCar expects U.S. retail deliveries of new cars and light trucks to be 899,072 units, down 26% from a year ago and down 8% from August.
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BNS GOOG | Hot Stocks09:06 EDT Bank of Nova Scotia partners with Google Cloud - Scotiabank (BNS) and Google (GOOG) Cloud announced a strategic partnership to accelerate its global data and analytics strategy. By moving its customer data onto Google Cloud and leveraging its data analytics and AI solutions, Scotiabank aims to be able to: leverage data for predictive offers; improve customer interactions through AI; and unify data silos across the organization.
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LICY | Hot Stocks09:06 EDT Li-Cycle announces $100M investment from Koch Strategic Platforms - Li-Cycle Holdings announced that Koch Strategic Platforms, KSP, a subsidiary of Koch Investments Group, will make a $100M investment in Li-Cycle through purchase of a convertible note to support the Company's rapidly expanding growth opportunities in North America, Europe and Asia. In addition to the new capital, the Company along with several Koch Industries subsidiaries are exploring opportunities to accelerate Li-Cycle's global growth strategies. This includes potentially working with Koch Engineered Solutions which provides engineering, procurement, and construction services, as well as the Optimized Process Designs group , a capability of KES, which provides detailed engineering packages, single point procurement for all equipment and materials, fabrication, and construction services. Li-Cycle and KES are exploring commercial opportunities to support the global deployment of incremental Spoke facilities and to enhance execution and operational readiness for the Company's Rochester Hub. "KSP's investment in Li-Cycle will further fund and accelerate the growth of our lithium-ion battery recycling footprint in North America and globally, as we scale our efficient and proven technology globally to grow in lockstep with our customers and pursue new market opportunities," said Ajay Kochhar, co-founder and Chief Executive Officer of Li-Cycle.
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JNJ | Hot Stocks09:06 EDT J&J's Janssen announces start of Phase 3 trial of RSV vaccine in older adults - The Janssen Pharmaceutical Companies of Johnson & Johnson announced the initiation of its Phase 3 EVERGREEN study. The study will evaluate the efficacy, safety and immunogenicity of Janssen's investigational adult vaccine against lower respiratory tract disease caused by respiratory syncytial virus, or RSV, when compared with placebo in approximately 23,000 adults aged 60 years and older throughout North America and a selection of countries across Europe, Asia and the Southern Hemisphere. "Positive data from our first RSV vaccine efficacy study and the initiation of the Phase 3 EVERGREEN study are crucial milestones in the clinical development of our investigational RSV adult vaccine, which has the potential to safely and effectively prevent lower respiratory tract disease caused by RSV in older adults. With no vaccine or broadly-indicated antiviral treatment available, preventive solutions to address the significant morbidity and mortality in older adults caused by RSV have long been an unmet need," said Penny Heaton, M.D., Global Therapeutic Area Head, Vaccines, Janssen Research & Development.
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GDEV | Hot Stocks09:04 EDT Nexters announces start of Nexters Boost program - Nexters announced the start of its new program, Nexters Boost. This program is designed for new or small game-making teams who need capital and know-how to boost their potential. It is also the first public step in the company's broader mergers and acquisitions strategy to grow Nexters as a consolidator. This program should diversify the company's product portfolio and bring new growth opportunities in the coming years. Nexters invites developers to apply to Nexters Boost at: https://boost.nexters.com. If chosen to join the program, developers will benefit from Nexters' industry expertise as well as capital investments ranging between approximately $500,000 and $2.5 million per project in exchange for a stake in the studio. The program will be identifying teams globally with a focus on Russian-speaking developers in Eastern European countries.
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CLEU | Hot Stocks09:04 EDT China Liberal Education awarded utility model, appearance design patents - China Liberal Education announced that its self-developed all-in-one teaching machine, AI-Space, was granted a utility model patent and an appearance design patent by the China State Intellectual Property Administration. The name of the utility model is multimedia integrated device, and the utility model patent certificate was obtained on September 24 (Patent Number: ZL 2021 2 0084718.9). The appearance design patent certificate was obtained on April 23 (Patent Number: ZL 2020 3 0730801.X).
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AMD | Hot Stocks09:04 EDT AMD announces goal to increase energy efficiency of processors 30x by 2025 - AMD announced a goal to deliver a 30x increase in energy efficiency for AMD EPYC CPUs and AMD Instinct accelerators in Artificial Intelligence training and High Performance Computing applications running on accelerated compute nodes by 2025. Accomplishing this goal will require AMD to increase the energy efficiency of a compute node at a rate that is more than 2.5x faster than the aggregate industry-wide improvement made during the last five years. Accelerated compute nodes provide the computing capability used by scientists to achieve breakthroughs across many fields including material sciences, climate predictions, genomics, drug discovery and alternative energy. Accelerated nodes are also integral for training AI neural networks that are currently used for activities including speech recognition, language translation and expert recommendation systems, with similar promising uses over the coming decade. The 30x goal would save billions of kilowatt hours of electricity in 2025, reducing the power required for these systems to complete a single calculation by 97% over five years. "Achieving gains in processor energy efficiency is a long-term design priority for AMD and we are now setting a new goal for modern compute nodes using our high-performance CPUs and accelerators when applied to AI training and high-performance computing deployments," said Mark Papermaster, executive vice president and CTO, AMD. "Focused on these very important segments and the value proposition for leading companies to enhance their environmental stewardship, AMD's 30x goal outpaces industry energy efficiency performance in these areas by 150% compared to the previous five-year time period."
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LOW | Hot Stocks09:03 EDT Lowe's offering 10% discount for first responders for three days - Lowe's will offer a new 10% discount coupon for eligible first responders in Lowe's stores nationwide and on Lowes.com Oct. 22 through Oct. 24, in recognition and appreciation for their service. Firefighters, emergency medical technicians/paramedics, police officers, 911 dispatchers, nurses and physicians nationwide can register for the coupon through Oct. 24 for this special offer by visiting Lowes.com/firstresponders. Throughout Fire Safety Month this October, Lowe's will also continue its tradition of raising public awareness. On Oct. 2 and Oct. 9, more than 1,000 Lowe's stores nationwide will host fire safety education events and demos in Lowe's parking lots led by local fire departments with fire trucks and First Alert.
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WDAY... | Hot Stocks09:02 EDT Workday announces expanded use of applications across Google's workforce - Workday (WDAY) announced that Google (GOOG) has subscribed to additional products to support its global workforce, including Workday Adaptive Planning, Workday Extend, Workday Prism Analytics, and Workday Strategic Sourcing. In addition, as part of its ongoing investment in talent management strategies, Google will expand its current use of Workday Human Capital Management, adding new applications to deliver enhanced employee experiences and recruiting to support its global workforce.
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HEPA | Hot Stocks09:02 EDT Hepion Pharmaceuticals announces results from DDI study with CRV431 - Hepion Pharmaceuticals announced results from a Drug-Drug Interaction, or DDI, study with its lead drug candidate, CRV431. The randomized, open label DDI study was conducted in healthy volunteers to determine if single or multiple oral doses of ketoconazole influence the pharmacokinetics of CRV431 and its major metabolites. The study also examined if single or multiple once daily oral doses of CRV431 effected the PK of midazolam and its metabolite, 1-hydroxymethyl midazolam. Additionally, the safety and tolerability of CRV431 when administered concomitantly with either ketoconazole or midazolam was assessed. Each study subject participated in both parts of the two-staged trial. As expected, following five daily oral doses of ketoconazole, the maximum blood concentration of CRV431 increased approximately five-fold, while the exposure, as measured by the area-under-the-curve from time of dosing to 24 hours, increased almost four-fold. When CRV431 was dosed with midazolam, the exposures of midazolam and 1-hydroxymethyl midazolam were not significantly altered. However, both the Cmax and AUC0-24 of CRV431 were increased by approximately two-fold. Todd Hobbs, MD, Hepion's Chief Medical Officer added, "Patients diagnosed with fatty liver disease and/or NASH are commonly prescribed multiple life-long drug therapies to manage associated medical conditions, such as diabetes and hypertension. And typically, the number of medications prescribed to NASH patients increases with increasing severity of disease, such that those with advanced fibrosis and cirrhosis are at greatest risk for drug interactions as a result of polypharmacy. In fact, a study characterizing polypharmacy determined that NASH patients received, on average, seven medications and patients with cirrhosis received an average of 11 medications. It is, therefore, vitally important to fully understand how the disposition of CRV431 may potentially be altered by other drugs or how CRV431 might alter the PK and performance of co-administered drugs. This knowledge will not only be valuable when designing our future clinical trials but could also ultimately help guide the use of CRV431 in a commercial setting."
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RXRX | Hot Stocks08:56 EDT Recursion Pharmaceuticals' REC-4881 granted Orphan Drug designation - Recursion's REC-4881 has been granted orphan drug designation by the FDA for the potential treatment of familial adenomatous polyposis. REC-4881 is an orally bioavailable, non-ATP-competitive allosteric small molecule inhibitor of MEK1 and MEK2 being developed to reduce tumor size in FAP patients. FAP is a rare tumor syndrome with no approved therapies.
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HEI | Hot Stocks08:45 EDT Heico acquires 80.1% of RH laboratories, sees accretion - Heico announced that its Electronic Technologies Group acquired 80.1% of the stock of RH Laboratories for cash paid at closing. RH's founders will continue to own the balance of the company. Further terms and financial details were not disclosed. Heico stated that it expects the acquisition to be accretive to its earnings within the first year following the closing. RH was founded in 2001 by Benjamin Robinson, his son Stephen Robinson and Frank Holt. All three will continue in their pre-closing roles, with Benjamin remaining as CEO, Stephen remaining as president and Frank continuing as VP of engineering. Further, the Robinsons and Holt will continue to own 19.9% of RH. Heico stated that it does not expect any employee turnover to result from the acquisition.
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KOPN | Hot Stocks08:44 EDT Kopin unit secures $3.4M order commitment from JUTZE Intelligence Technology - Kopin announced that its wholly owned subsidiary, Forth Dimension Displays Limited , has secured a $3.4M order commitment from JUTZE Intelligence Technology The order is to provide Spatial Light Modulators, SLMs, for JUTZE's Edge series of 3D Automated Optical Inspection, 3D AOI, and Mirage series of 3D Solder Paste Inspection, 3D SPI, equipment, with expected deliveries through 2022. ForthDD is a manufacturer of SLMs designed specifically for the 3D SPI, 3D AOI and 3D Metrology markets. JUTZE is a leading Chinese inline inspection equipment manufacturer that supplies equipment to tier one Electronics Manufacturing Services, EMS, companies providing services to global consumer and automotive brands.
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QNTA | Hot Stocks08:44 EDT Quanta's Medolife Rx files bi-annual report with MOE of the Dominican Republic - Medolife Rx, which is a majority owned subsidiary of Quanta, announced that it has completed a bi-annual filing with the Ministry of Environment of the Dominican Republic, which detailed the expansion of its scorpion reservation and exceeded the expectations of the regulatory body. The MOE expressed further interest in the Company's flagship product, Escozin, which has recently renewed its registration in the DR as a natural alternative medicine for oncological treatments.The bi-annual filing is a requirement of the agreement between the MOE and Medolife. It is intended to communicate updates at the reservation, progress on its build out, observations of studies conducted by the Company, and outlines next steps Medolife will take in its development of the first-of-its-kind reservations in the Neyba and Azua provinces. The Azua region was selected for development as it closely resembles the natural environment of the Rhopalurus princeps species of scorpion. Peptides found in the scorpions are used in many of Medolife's pharmaceutical and nutraceutical product lines, and the reservation allows for the cultivation and extraction of the peptides in a safe and humane way. The reservation serves as the Company's supply pipeline of these peptides, which is known to be one of the most expensive liquids in the world, allowing the Company to produce peptide-based products at a fraction of the cost should it seek supply elsewhere. Especially noteworthy in the filing are details on the build out of the reservation, where the Company has expanded the original space by sixfold. Construction of the laboratory is still underway and the Company plans to continue to develop the land in a way that positively affects the quality of the scorpions. In addition to surpassing the expectations from the MOE, the Company also received interest from the MOE in purchasing Escozine, Medolife's lead drug candidate. The report included clinical observations made by the Company on the potential therapeutic and palliative properties of Escozine in patients who have tested positive for the SARS-CoV-2 virus, and preventative properties in hospital staff that reported zero new infections over the course of the clinical observation. The MOE is interested in purchasing Escozine as a preventative alternative medicine for its employees.
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ZM | Hot Stocks08:43 EDT Cathie Wood's ARK Investment bought 142K shares of Zoom Video on Tuesday
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NMRD | Hot Stocks08:43 EDT Nemaura Medical launches beta version of its metabolic health program - Nemaura Medical announces the beta launch of MiBoKo, a new metabolic health program utilizing a noninvasive glucose sensor along with an AI mobile application. MiBoKo addresses a "significant mass market opportunity" that the company believes could benefit roughly a third to half of the population by using a noninvasive glucose sensor to measure and monitor a user's metabolic health score, which is based on glucose tolerance or insulin resistance. Those with prediabetes or obesity concerns, or even those looking to maintain better health through more careful glucose control, could benefit from such a metabolic health program. MiBoKo's next-level health tracking program uses a small sensor and a mobile app to provide users with personalized information by tracking their metabolism. A user can find out how their body responds to sugar through their metabolic health score - and how what they eat and what they do every day uniquely affects their metabolic health. CEO Faz Chowdhury explained, "With MiBoKo, we are able to extend our proprietary noninvasive device and sensor technology and interactive lifestyle and AI coaching programs beyond the traditional diabetes market and into an adjacent, yet separate, market application of metabolic health. At Nemaura, we continue to look for the intersection of patient comfort and convenience through advanced and unique technology that addresses significant healthcare needs for large patient populations. We believe that MiBoKo offers insights into metabolic health in a user-friendly way unlike any other program on the market."
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NEWT | Hot Stocks08:42 EDT Newtek Business appoints Fernando Perez-Hickman, Halli Razon-Feingold to board - Newtek Business Services announced that its board of directors has elected two new directors to the Board, Fernando Perez-Hickman and Halli Razon-Feingold, increasing the Board to seven directors. The Board will now be comprised of four independent directors and three interested directors, as such term is defined under Section 2(a)(19) of the Investment Company Act of 1940. Perez-Hickman previously served as Vice Chairman, Director of Corporate Strategy and member of IBERIABANK's Planning Group Committee from August 2017 until its merger with First Horizon Bank in July 2020. Razon-Feingold has served as the Company's Chief Administrative Officer since July 2016 and as Senior Vice President of Human Resources for the Company since July 2019.
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LMNR | Hot Stocks08:42 EDT Limoneira announces $10M share repurchase program - Limoneira announced that the Company's Board of Directors authorized the repurchase of up to $10M of the Company's issued and outstanding common stock. Harold Edwards, President and Chief Executive Officer of the Company, stated, "The Board's decision to authorize this share repurchase program is a clear indication that they, along with our management team, believe Limoneira is positioned for continued long-term growth through both our strategic assets and our consistent global supply of fresh fruit. Our Company remains committed to the disciplined, opportunistic deployment of capital in order to maximize value for our shareholders."
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ROKU | Hot Stocks08:42 EDT Cathie Wood's ARK Investment bought 95.3K shares of Roku on Tuesday
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LMNR | Hot Stocks08:41 EDT Limoneira announces $10M share repurchase program - Limoneira announced that the Company's Board of Directors authorized the repurchase of up to $10M of the Company's issued and outstanding common stock. Harold Edwards, President and Chief Executive Officer of the Company, stated, "The Board's decision to authorize this share repurchase program is a clear indication that they, along with our management team, believe Limoneira is positioned for continued long-term growth through both our strategic assets and our consistent global supply of fresh fruit. Our Company remains committed to the disciplined, opportunistic deployment of capital in order to maximize value for our shareholders."
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COIN | Hot Stocks08:41 EDT Cathie Wood's ARK Investment bought 184K shares of Coinbase on Tuesday
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SCPS | Hot Stocks08:40 EDT Scopus BioPharma's Duet Therapeutic to present preclinical data - Scopus BioPharma announced the release of preclinical data being presented at the 17th Annual Meeting of the Oligonucleotide Therapeutics Society. Alan Horsager, Ph.D., President and Chief Executive Officer of Duet Therapeutics and President - Immuno-Oncology of Scopus, is presenting data in talks entitled: Bispecific Oligonucleotide Targeting TLR9 and STAT3 Signaling for B Cell Lymphoma Immunotherapy; Bifunctional Oligonucleotides for Systemic Treatment of Immunologically Cold Solid Tumors. Duet Therapeutics is a wholly-owned subsidiary of Scopus. Data from two different studies benchmarked Duet's proprietary bifunctional oligonucleotides, CpG-STAT3siRNA and CpG-STAT3ASO, against Checkpoint Inhibitors in lymphoma and prostate tumor models in mice. Dr. Horsager is presenting results of a study comparing Duet's clinical-stage, siRNA-based molecule, or DUET-01, to Checkpoint Inhibitors in an A20 mouse model of B-cell lymphoma. PD-1 and CTLA-4 Checkpoint Inhibitors had limited efficacy while intratumoral administration of DUET-01 resulted in complete lymphoma regression. Dr. Horsager is also presenting results of a study comparing Duet's antisense-based bifunctional molecule, or DUET-02, to both PD-1 and CTLA-4 Checkpoint Inhibitors in a bone localized tumor model of metastatic prostate cancer. Clinical observations have indicated that these prostate tumors are resistant to Checkpoint Inhibitors. By comparison, data collected in the laboratory of Marcin Kortylewski, Ph.D., Duet's Senior Scientific Advisor, DUET-02 monotherapy induced potent antitumor immune responses and resulted in long-term animal survival. Overall, the studies indicate that Duet's bifunctional oligonucleotides can expand the reach and efficacy of cancer immunotherapies beyond the current standard-of-care treatments.
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WVE | Hot Stocks08:40 EDT Wave Life Sciences initiates dosing in Phase 1b/2a trial of WVE-N531 - Wave Life Sciences announced the initiation of dosing in a Phase 1b/2a clinical trial evaluating investigational WVE-N531 as a treatment for boys with Duchenne muscular dystrophy, or DMD, who are amenable to exon 53 skipping. "There remains a significant unmet need for DMD treatments that restore sufficient functional dystrophin protein in muscle, thus addressing the underlying cause of disease in a way that likely establishes clinical benefit," said Michael Panzara, MD, MPH, Chief Medical Officer and Head of Therapeutics Discovery and Development at Wave Life Sciences. "Our preclinical data suggest that the incorporation of PN chemistry into WVE-N531 has the potential to overcome the issues of poor intracellular access often seen with exon-skipping approaches to DMD, including our prior clinical program. We expect to generate clinical data through 2022 that will enable decision-making on further development of WVE-N531, as well as other PN-modified exon skipping compounds." The open-label Phase 1b/2a study is evaluating the safety and tolerability of ascending doses of WVE-N531. Additional objectives of the study include pharmacokinetics and pharmacodynamics. The study is expected to enroll 15 boys with DMD ages 5 to 12 years who have a documented mutation in the dystrophin gene that is amenable to exon 53 skipping and are ambulatory or non-ambulatory. Up to four dose levels of WVE-N531 will be evaluated in order to select a dose for further multidose evaluation, administered as a bi-weekly infusion.
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BYND | Hot Stocks08:38 EDT Beyond Meat launches Beyond Breakfast Sausage Links in Canada nationwide - Beyond Meat is shaking up the breakfast game in Canada by launching plant-based Beyond Breakfast Sausage Links in grocery stores nationwide, marking Beyond Meat's entry into the Canadian retail breakfast category. Consumers can find the savoury plant-based sausage links at all major retailers across Canada. Beyond Breakfast Sausage Links are crafted to deliver the craveable flavor and juicy texture of traditional breakfast sausage, while offering 12g of protein per serving and 35% less sodium than the leading brand of pork sausage. Beyond Breakfast Sausage Links are made of simple, plant-based ingredients like peas and rice, with no GMOs, soy, gluten, antibiotics, hormones or cholesterol.
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SCYX | Hot Stocks08:38 EDT Scynexis presents interim analysis from Phase 3 FURI study - SCYNEXIS announced an oral presentation of analyses of interim data from its ongoing Phase 3 FURI study showing favorable clinical activity of oral ibrexafungerp in severe hospital-based fungal infections across multiple serious fungal infections. The compilation and disease subset analyses are being presented during IDWeek, taking place virtually September 29 - October 3, 2021. Marco Taglietti, M.D., President and Chief Executive Officer of SCYNEXIS said, "Based on the accumulation of data to date and additional analysis of therapeutic response by disease area, results demonstrate that ibrexafungerp has similar efficacy across a broad spectrum of serious fungal diseases and in the future could be valuable in the treatment of patients who have failed or are intolerant to currently available therapies." Oral presentation details: Title: "Oral Ibrexafungerp Outcomes by Fungal Disease in Patients from an Interim Analysis of a Phase 3 Open-label Study" Summary: Data from an interim analysis of the combined data of 74 patients from the Phase 3 FURI clinical study evaluating oral ibrexafungerp for the treatment of patients with refractory candidiasis, patients who were intolerant to the standard of care, or patients who were unable to receive an approved oral antifungal option and a continued IV antifungal therapy was clinically undesirable or unfeasible, found that oral ibrexafungerp provided an overall favorable therapeutic response in patients with 13 distinct types of fungal infections. Of the 74 patients treated with oral ibrexafungerp 62.1% showed complete or partial response, 24.3% achieved stable disease, 6.8% showed progressive disease, and 5.4% were indeterminate. In addition, during IDWeek SCYNEXIS is presenting two posters that discuss sub-populations from FURI study with difficult-to-treat infections: Title: "Oral Ibrexafungerp Outcomes in Patients with Oropharyngeal Candidiasis and Esophageal Candidiasis from an Interim Analysis of a Phase 3 Open-label Study." Summary - The presentation highlights a sub-analysis of 24 patients from the Phase 3 FURI study with esophageal candidiasis or oropharyngeal candidiasis treated with oral ibrexafungerp. Of these patients, 62.5% showed complete or partial response, 29.2% achieved stable disease and 16.7% showed progressive disease. Title: "Outcomes of Candida Bone and Joint Infections in Eight Patients from a Phase 3 Open-label Study." The presentation highlights a sub-analysis of eight patients with Candida bone and joint infections from the Phase 3 FURI study. The median days of ibrexafungerp therapy for this population was over 210.5 days. Of these patients, 62.5% showed complete or partial response, 12.5% achieved stable disease and 12.5% showed progressive disease. One patient was considered indeterminate.
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NOA | Hot Stocks08:36 EDT North American Construction announces amended, extended credit facility - North American Construction announced it has finalized an amendment and extension of its senior secured credit facility. The facility maturity date has been extended by one year with a new maturity date of October 8, 2024. In addition to the extension of existing favourable terms, amendments have also been incorporated that provide the Company greater flexibility in operating through joint ventures, including joint ventures related to larger contracts under public-private-partnership financing models. The Credit Facility maintains NACG's borrowing capacity of $325 million with an ability to increase maximum borrowings by an additional $50 million, subject to certain customary conditions. The existing allowance for equipment financing of up to $150 million over and above the facility limit will continue, providing supplemental borrowing flexibility. The Credit Facility remains comprised solely of a revolver with no scheduled repayments and is not governed by a borrowing base that limits available borrowings. Financial covenants are consistent with the previous agreement and are tested quarterly on a trailing four quarter basis.
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VLN PTK | Hot Stocks08:36 EDT Valens Semiconductor, PTK Acquisition Corp. close business combination - Valens Semiconductor (VLN) and PTK Acquisition Corp. (PTK) announced the completion of their previously announced business combination. The combined company will be called Valens and expects its common stock and public warrants to begin trading under the ticker symbols "VLN" and "VLNW", respectively, on the New York Stock Exchange on September 30. The Business Combination was approved at a special meeting of PTK stockholders on September 28.
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TCLAF | Hot Stocks08:36 EDT Transcontinental announces renewal of NCIB plan - Transcontinental Inc. has been authorized to purchase for cancellation on the open market, between October 1st, 2021 and September 30, 2022, up to 1,000,000 of its Class A Subordinate Voting Shares and up to 190,300 of its Class B Shares, representing approximately 1.37% of the 73,111,944 issued and outstanding Class A Subordinate Voting Shares and of the 13,913,226 issued and outstanding Class B Shares as of September 17, 2021. The average daily trading volume on the Toronto Stock Exchange of Class A Subordinate Voting Shares for the past six months was 175,745 and the average daily trading volume on the Toronto Stock Exchange of Class B Shares for the past six months was 392. In accordance with the Toronto Stock Exchange requirements, a maximum daily purchase of the greater of 25% of these averages or 1,000 shares may be made, which represent a total of 43,936 Class A subordinate Voting Shares and a total of 1,000 Class B Shares. The purchases will be made in the normal course of business at market prices through the facilities of the Toronto Stock Exchange and/or alternative Canadian trading systems in accordance with the requirements of the exchange, and/or subject to the approval of any securities authority by private agreements. If applicable, purchases through private agreements will be executed at a price that is less than the prevailing market price on the Toronto Stock Exchange at the time of the purchase. The Corporation believes that the purchase of the Class A subordinate Voting Shares and Class B Shares would constitute an appropriate and desirable use of its funds to increase long-term shareholder value. The last normal course issuer bid, in effect from October 1st, 2020 until September 30, 2021, covered a maximum of 1,000,000 Class A Subordinate Voting Shares and 191 320 Class B Shares. At the close of the market on September 27, 2021, Transcontinental Inc. did not purchase Class A Subordinate Voting Shares or Class B Shares. In connection with the program, the Corporation established an automatic securities purchase plan to provide standard instructions regarding how the Corporation's shares are to be repurchased under the program. Accordingly, the Corporation may repurchase its shares under the automatic plan on any trading day during the program including during self-imposed trading blackout periods. The automatic plan will commence and should terminate together with the program. It constitutes an "automatic plan" for purposes of applicable Canadian securities legislation and has been reviewed by the Toronto Stock Exchange.
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JBLU | Hot Stocks08:33 EDT JetBlue hastens change to SAF with plans to supply NY airports with ample supply - JetBlue announced plans to speed up its transition to sustainable aviation fuel, SAF, with an offtake agreement with SG Preston, a leading bioenergy developer. With the addition of this SG Preston agreement to its previous SAF commitments, JetBlue is well ahead of pace on its target to convert 10% of its total fuel usage to SAF on a blended basis by 2030. The airline will reach nearly eight percent SAF usage by the end of 2023 when delivery of SAF under this agreement is expected. JetBlue is doubling its previous SAF commitment with SG Preston, which was first announced in 2016 as one of the largest SAF purchase agreements in aviation history. JetBlue's agreement with SG Preston also marks a major milestone for SAF in New York's airports. This deal is expected to bring the first large-scale volume of domestically produced SAF for a commercial airline to New York's metropolitan airports. JetBlue will convert 30% of its fuel buy across John F. Kennedy International Airport , LaGuardia Airport and Newark Liberty International Airport from traditional Jet-A fuel to SAF which is expected to reduce emissions by an estimated 80 percent per gallon of neat SAF, compared to traditional petroleum-based fuels. Targeting a start in 2023 and continuing over a 10-year period, SG Preston will deliver at least 670M gallons of blended SAF to JetBlue to fuel its flight operations at JFK, LGA and EWR, helping JetBlue avoid approximately 1.5 million metric tons of CO2 emissions. JetBlue expects to invest more than $1B in purchasing SAF over the term of this agreement, at a price competitive to traditional Jet-A fuel, with no expected material impact to the airline's total fuel costs. This marks the largest-ever announced near-term SAF deal for delivery in the Northeast and will be become the airline's largest single jet fuel contract.
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CHDN | Hot Stocks08:32 EDT Churchill Downs to sell Arlington Heights property to Chicago Bears for $197M - Churchill Downs announced that the company has signed a Purchase and Sale Agreement with the Chicago Bears. The company has agreed to sell the 326-acre property in Arlington Heights, Illinois, currently the home of Arlington International Racecourse, for $197.2M. The closing of the sale of the Property is subject to the satisfaction of various closing conditions. The company anticipates closing the sale of the Property in late 2022 / early 2023. CDI is planning to use the proceeds of the sale to purchase or invest in replacement property that qualifies as an Internal Revenue Code Section1031 transaction.
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SRDX | Hot Stocks08:28 EDT Surmodics announces 'successful' 1st patient uses of Sublime Radial Access cath - Surmodics announced the successful first clinical uses of the Sublime Radial Access .018 RX PTA Dilatation Catheter. "Sublime Radial Access RX PTA Dilatation Catheters will allow physicians to treat the most distal blockages in the foot with just radial access. This will help us perform more complex interventions via this approach which was not possible prior," said Dr. Lodha. The Sublime Radial Access .018 RX PTA Dilatation Catheter, which received FDA 510k clearance in June , allows above- or below-the-knee access through a transradial approach by providing the longest working length on the market.
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HIL | Hot Stocks08:23 EDT Hill to provide supervision services for Kosovo's upgrade of Rail Route 10 - Hill International announced it was awarded a contract by Kosovo Railways to provide supervision services for Phase 2 of the rehabilitation and upgrade of Rail Route 10. Rail Route 10 connects Kosovo's railway network with the regional and pan-European network and was last overhauled 40 years ago. Phase 1 of the Route 10 project, which Hill also supports, involves a span connecting Fushe Kosove, just outside of Pristina in central Kosovo, with North Macedonia. Phase 2 involves rehabilitating and upgrading a 34.4 km segment of the route from Fushe Kosove north to Mitrovice. These efforts aim to secure the long-term future of the line while increasing traffic safety and enabling a higher operating speed. Work at Fushe Kosove station includes passenger facilities, a freight station, maintenance workshops, and a locomotive depot. As part of an international consortium, Hill will provide construction management technical and financial supervision of the works for the project in accordance with the FIDIC Conditions of Contract and relevant national legislation.
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FRSH NET | Hot Stocks08:23 EDT Freshworks appoints Jennifer Taylor as board of directors - Freshworks (FRSH) announced the appointment of Jennifer Taylor, senior vice president and chief product officer at Cloudflare (NET), and former product executive at Salesforce and Adobe, as a new independent member of the board of directors.
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PRCH | Hot Stocks08:22 EDT Porch Group's Homeowners of America expands into Utah - Homeowners of America, a property and casualty insurance provider and subsidiary of Porch Group, announced the launch of service in Utah. Porch completed its acquisition of HOA in April 2021. The company is seeking to drive growth in the states currently offering services and continue the national expansion effort. With the addition of Utah, HOA now operates in nine states. "We're continuing the execution of our national expansion plan with the introduction of the HOA insurance offerings to Utah," said Matt Ehrlichman, Porch founder, chairman, and CEO. "Through our early access to homeowners, we remain well-equipped to support them at every stage of homeownership, including insurance product offerings."
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CYDY | Hot Stocks08:22 EDT CytoDyn says activist group's plan is just an effort to discredit CytoDyn - CytoDyn responded to the "plan" put forward by an activist group led by Paul Rosenbaum and Bruce Patterson the "Rosenbaum/Patterson Group" or the Activist Group. CytoDyn is highly focused on the expeditious development of leronlimab to help patients with critical needs. Clinical development of any product is a multi-year endeavor. Within this context, the Company has acted as quickly as possible - bringing leronlimab from the Phase 2b stage to successfully completing a pivotal Phase 3 in seven years, which was significantly faster than leronlimab's progress with its prior owner. CytoDyn is exploring several different indications for leronlimab. These include COVID-19 critical and severe hospitalized patients as well as long-haulers, HIV and 22 different cancer types. The Company strongly believes in the drug's potential - especially given that it is variant agnostic when it comes to treating COVID-19. The Activist Group's missive is not a "plan"; it appears to be a misguided and misleading attempt to discredit the significant efforts of CytoDyn to bring leronlimab's lifesaving potential to market to help patients and drive value for shareholders. The success of these efforts is clearly demonstrated by the increasingly long list of positive developments that CytoDyn has announced recently, including the clearance from Brazil's regulatory authority, ANVISA to begin an additional Phase 3 CD16 clinical trial of leronlimab with IV treatment, which the Company believes will have an enormous advantage over treatment via subcutaneous (SQ) injections. CytoDyn will continue to work tirelessly towards approvals for leronlimab and are laser focused on doing what is best for all shareholders.
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CBWTF | Hot Stocks08:21 EDT Kolab Project launches 132 Series Live Resin Soft Chews - Kolab Project announces the launch of 132 Series Live Resin Black Cherry Punch Soft Chews, Canada's first cannabis-infused live resin edible. Kolab Project 132 Series Live Resin Black Cherry Punch Soft Chews are for cannabis enthusiasts who love the true-to-plant taste of cannabis, and are an extension of Kolab Project's true-to-strain product line-up that includes the 232 Series Live Terpene vape cartridges and 232 Series Diamonds concentrates. Kolab Project 132 Series Live Resin Black Cherry Punch Soft Chews are available now for purchase on OCS.ca and in retail outlets in Ontario, Alberta, Saskatchewan, and Manitoba, with additional provinces expected to launch in coming months. Kolab Project is a cannabis brand owned and operated by Auxly Cannabis Group.
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NCNA | Hot Stocks08:20 EDT NuCana receives Fast Track designation from FDA for Acelarin - NuCana announced that the U.S. Food and Drug Administration has granted Fast Track designation to Acelarin, or NUC-1031, currently being evaluated in a Phase III study for the first-line treatment of patients with advanced biliary tract cancer. Fast Track is a process designed to facilitate the development and expedite the review of drugs to treat serious conditions and address an unmet medical need. "We are very pleased that the FDA recognizes the potential of Acelarin to address the significant unmet need of patients with biliary tract cancer," said Hugh Griffith, NuCana's Founder and Chief Executive Officer. "We recently announced enrollment of 418 evaluable patients in our Phase III study, which is expected to enable the first interim analysis in the first half of 2022. This has the potential to allow for an accelerated approval of a new drug application (NDA) for Acelarin in the United States. With both Fast Track and Orphan Drug designations in place, we look forward to working closely with the FDA in our efforts to gain approval for Acelarin as the first approved front-line treatment option for patients with biliary tract cancer."
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BNGO | Hot Stocks08:19 EDT Bionano Genomics announces publication of research data evaluating OGM for FSHD - Bionano Genomics announced the publication of the largest clinical research study to date evaluating optical genome mapping, or OGM, for facioscapulohumeral muscular dystrophy, or FSHD, which concluded that OGM can be performed more quickly, accurately, and reproducibly than the current gold standard method of Southern blot analysis. This study describes how OGM can be adopted as an alternative to Southern blot analysis for the identification of chromosomal abnormalities associated with FSHD, a neuromuscular disorder resulting in progressive weakness and atrophy of muscles. In this study of 351 participants, the authors Stence et al., validated the use of OGM with Bionano's Saphyr system to determine the size and haplotype of D4Z4 alleles to confirm a diagnosis of FSHD. The study's authors found that OGM had much higher sizing accuracy and was greater than99% concordant with Southern blot analysis. "The study completed by Dr. Stence and team demonstrated the superior performance of OGM over traditional molecular genetic testing for FSHD," commented Erik Holmlin, PhD, CEO of Bionano Genomics. "As the largest OGM clinical study to date, the study demonstrated that using the Saphyr system to perform FSHD analysis resulted in a significantly faster turnaround time, as the OGM turnaround time was only 5 days as compared to Southern blot at 11 days. The ability to obtain accurate, reliable data more quickly allowed for the timely application of this information for the management of study participants. We believe that studies like this one could pave the way for broad adoption of OGM for a wide variety of applications in genetic disorders and cancer."
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IMMP | Hot Stocks08:18 EDT Immutep receives A$3.4M R&D tax incentive from French government - Immutep announced it has received a EUR2,126,617 research and development tax incentive payment in cash from the French Government under its Credit d'Impot Recherche scheme. The "Credit d'Impot Recherche", meaning "Research Tax Credit", is a French government tax incentive by which French companies conducting research and development activities in Europe can be reimbursed 30% of their eligible expenditure. Immutep qualifies to receive CIR tax incentive through its subsidiary Immutep S.A.S. due to the research and development conducted in its laboratory at Chatenay-Malabry in southwestern Paris. The cash payment is provided in respect of expenditure incurred on eligible R&D activities conducted in European Union in the 2020 calendar year. Immutep also qualifies for cash rebates from the Australian Federal Government's R&D tax incentive program in respect of expenditure incurred on eligible R&D activities conducted in Australia. In April 2021, the Company received a A$1,155,055 cash rebate in respect of expenditure incurred on eligible R&D activities conducted in the 2020 fiscal year. The funds will be used to support the ongoing and planned global clinical development of eftilagimod alpha and the preclinical development of IMP761.
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ALNA | Hot Stocks08:17 EDT Allena Pharmaceuticals commences dosing in second Phase 2a trial of ALLN-346 - Allena Pharmaceuticals reported that it has dosed the first patient in a second Phase 2a trial of ALLN-346, a novel, orally-administered, urate-degrading enzyme in development for the treatment of gout in patients with chronic kidney disease. The Phase 2a program, comprised of this two-week outpatient trial and a one-week inpatient trial currently being conducted in a clinical pharmacology unit, is designed to assess initial bioactivity data and additional safety data for ALLN-346, the second orally delivered, non-absorbed enzyme developed using Allena's proprietary oral enzyme technology platform. "We are pleased to initiate our second trial in the Phase 2a program for ALLN-346," noted Louis Brenner, M.D., President and Chief Executive Officer of Allena. "We look forward to reporting initial data from this study, as well as initial data from our ongoing seven-day inpatient study in subjects with hyperuricemia, beginning in late 2021 or early 2022. As we evaluate the initial data from the Phase 2a program, we will potentially study additional patients to assist us in determining the optimal dosing paradigm and target population for later stage clinical trials."
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KRYS | Hot Stocks08:16 EDT Krystal Biotech receives approval from HREC in Australia for Phase 1 KB407 trial - Krystal Biotech announced that it has been granted approval by the Bellberry Human Research Ethics Committee in Australia to conduct a Phase 1 clinical study of inhaled KB407 in patients with cystic fibrosis. The Company previously received license to evaluate KB407 from Australia's Office of the Gene Technology Regulator. KB407 is an engineered viral vector designed to deliver full-length human cystic fibrosis transmembrane conductance regulator to the airways of people with cystic fibrosis via nebulization. Study enrollment is expected to begin shortly following approval by the trial site's institutional governance and biosafety committee. This open-label Phase 1 study is designed to evaluate KB407 in up to 13 adult patients with cystic fibrosis regardless of their underlying genotype, but will exclude patients who are currently taking a CFTR modulator, or have taken a CFTR modulator within seven days of the first KB407 dose. Each KB407 dose will be nebulized over approximately 20 minutes. This study will include three cohorts and enroll four participants each into the first two cohorts and five subjects into the last cohort with dosing as follows: Participants in Cohort 1 will receive a single dose of KB407 on Day 0. Subjects in Cohort 1 may rollover into Cohort 2 at the Day 28 visit. Participants in Cohort 2 will be dosed bi-weekly on Day 0 and Day 14. A Data Safety Monitoring Board will meet to determine study progress from Cohort 2 into Cohort 3. Participants in Cohort 3 will be dosed weekly on Day 0, Day 7, Day 14 and Day 21. The primary endpoint of the trial will be the safety and tolerability of nebulized KB407. Changes in lung function from baseline will be assessed by forced expiratory volume in one second and measurement of lung clearance index from multiple-breath washout testing. Subjects may receive an optional intradermal dose of neat drug product, enabling a minimally invasive biopsy and assessment of CFTR expression via q-PCR.
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SYRS | Hot Stocks08:16 EDT Syros reports 1st patient in dose confirmation study of ATO oral for APL - Syros Pharmaceuticals announced that the first patient has been dosed in the dose confirmation study of SY-2101, a novel oral form of arsenic trioxide, ATO. The trial will evaluate the pharmacokinetics , safety, and tolerability of SY-2101 to confirm the optimal dose to advance into a planned Phase 3 clinical trial in newly diagnosed acute promyelocytic leukemia patients. "The current standard of care cures most patients but is tremendously burdensome, requiring regular and lengthy infusions of an IV formulation of ATO over nearly a yearlong course of treatment," said Farhad Ravandi, M.D., Professor of Medicine, Chief of Section of Acute Myeloid Leukemia, Department of Leukemia at The University of Texas - MD Anderson Cancer Center. "An oral form of ATO that offers similar efficacy while dramatically reducing the treatment burden would represent a major advance for APL patients. The preliminary Phase 1 data for SY-2101 are very promising, and I look forward to its continued advancement in the current and future studies." "We are thrilled to now be dosing patients in our dose confirmation study of SY-2101," said David A. Roth, M.D., Chief Medical Officer at Syros. "This milestone represents an important step toward delivering a new option for people with APL and a meaningful advance in our efforts to build a leading portfolio of targeted hematology therapies. We believe SY-2101 could quickly become the new standard of care for APL by offering patients similar efficacy with a substantially more accessible and convenient therapy. We plan to move swiftly from our dose confirmation study into a Phase 3 trial next year, with the goal of filing a New Drug Application, NDA, in 2024." ...Syros expects to report data from this study in the first half of 2022. Based on the results of the dose confirmation study, Syros expects to initiate a Phase 3 clinical trial in newly diagnosed APL patients. Based on input from the FDA, Syros believes molecular complete response rate and event-free survival in comparison to historical control data with IV ATO may support accelerated and full approval, respectively.
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PRTC | Hot Stocks08:16 EDT PureTech Health entity announces topline results of SDT-001 trial - PureTech Health noted that its founded entity, Akili Interactive, announced topline results of a Phase 2 study of SDT-001, a digital therapeutic designed to improve measures of attention in children diagnosed with attention-deficit/hyperactivity disorder, or ADHD. The study, conducted by Akili partner Shionogi was designed to evaluate the feasibility, safety and efficacy of the digital therapeutic in children with ADHD and to inform the design of a potential pivotal study. To enable this clinical trial, Akili localized its AKL-T01 technology for use in the Japanese market, which included adapting for language and culture and establishing infrastructure in Japan to support the product. Results show the treatment was well-received by patients and demonstrated improvements in ADHD inattention symptoms consistent with those seen across previous studies of AKL-T01. Based on these results, Shionogi plans to advance SDT-001 into consultation with the Japanese regulatory authority PMDA regarding Phase 3 implementation. Akili and Shionogi formed a strategic partnership in May 2019 for the commercialization of Akili's digital medicines, AKL-T01 and AKL-T02, as treatments of cognitive impairments in children with ADHD and Autism Spectrum Disorder, respectively, in Japan and Taiwan. Under the terms of the agreement, Akili received upfront payments totaling $20M with potential milestone payments for Japan and Taiwan commercialization of up to an additional $105M, in addition to substantial royalties on product sales. Shionogi will also help fund development costs. Shionogi has exclusive rights to the clinical development and is responsible for regulatory filings, sales and marketing of the technologies in Japan and Taiwan. Akili is responsible for building and maintaining R&D and commercial platforms designed specifically for digital therapeutics, including all global product development activities, distribution and technical support services. Akili will maintain exclusive global rights to develop and commercialize AKL-T01 and AKL-T02 in all territories outside of Japan and Taiwan.
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ECOR | Hot Stocks08:15 EDT electroCore announce manuscript from SAVIOR-1 study of nVNS in COVID-19 patients - electroCore announced that the original author manuscript from the SAVIOR-1 study; a prospective, randomized, controlled study evaluating non-invasive vagus nerve stimulation, nVNS, using gammaCore Sapphire in patients admitted to the hospital for treatment of COVID-19; is available on MedRxiv and has been submitted for peer review. This study was an investigator-initiated trial conducted at the Hospital Clinico Universitario de Valencia, Spain. The SAVIOR-1 study enrolled 110 patients over 18 years of age between April 2020 and February 2021. A total of 97 patients comprised of 47 treatment subjects and 50 control subjects provided baseline demographic and medical history data. The study was designed to evaluate the safety and feasibility of nVNS when administered in addition to the then-standard of care in patients hospitalized with active SARS-CoV-2 infection compared with standard of care alone. The analyses identified significant treatment differences for certain biomarkers of inflammation. Decreases from baseline in C-reaction protein levels were significantly greater for the nVNS treatment group as compared to the control group throughout the five-day period combined and on day 5 compared to the day 1 baseline period alone. At day 1, CRP levels were highly elevated for 90% of all subjects, but by days 3 and 5, the percentage of subjects with normal CRP levels improved markedly in the nVNS group with day 3 CRP levels at 17.9% vs. 52.2% in the control. Additionally, the nVNS group had a significantly greater decrease from baseline in procalcitonin level at day 5 as compared to the control group. Increased levels of CRP, procalcitonin and d-dimer have all been reported to be associated with more severe disease and the lower levels of these markers in the nVNS treated group may represent the initial impact of nVNS therapy to potentially improve the course of a patients' COVID-19 symptoms. nVNS was well tolerated with no major device related adverse events and the therapy was administered three times daily on most patients as outlined in the study protocol.
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PTCT | Hot Stocks08:15 EDT PTC Therapeutics' gene therapy shows improvement in childer with AADC - PTC Therapeutics presented a new analysis of five-year results that shows its novel gene therapy, PTC-AADC, leads to profound improvements in children with aromatic L-Amino acid decarboxylase - AADC - deficiency, a previously intractable, fatal and devastating rare disorder of the central nervous system. Children treated with PTC-AADC developed motor function and cognitive skills not previously seen, such as holding up their head, sitting or standing with support and communicating, and these persisted for up to 10 years. The new, five-year results show that motor function improvements were sustained, demonstrating that the treatment effect of PTC-AADC is durable, which is highly important for a single administration therapy for a chronic, fatal disease. There are currently no approved disease-modifying therapies for AADC deficiency, a fatal disorder caused by a defective gene that stops the body from producing the dopamine needed to develop and function normally. PTC-AADC is currently under review by the EMA's Committee for Medicinal Products for Human Use with an opinion expected in Q4, and is an investigational new drug in the U.S. A Biologics License Application is expected to be submitted to the FDA by the end of 2021.
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CDTX | Hot Stocks08:14 EDT Cidara Therapeutics to present new Rezafungin data at TIMM Congress - Cidara Therapeutics announced that it will present new clinical and non-clinical data in two poster presentations at the 10th Congress on Trends in Medical Mycology taking place in-person in Aberdeen, Scotland and virtually from October 8-11, 2021. Rezafungin is a novel once-weekly echinocandin currently being studied in Phase 3 trials for the treatment and prevention of serious fungal infections, including in critically ill patients. Cidara expects to announce top-line data from its Phase 3 ReSTORE trial by the end of 2021 and anticipates filing a New Drug Application in the U.S. and similar regulatory filings outside the U.S. in mid-2022.
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AWH | Hot Stocks08:13 EDT Aspira Women's Health execute four Aspira Synergy technology transfer agreements - Aspira Women's Health announced that it has exceeded its anticipated commercial milestones for Aspira Synergy, the company's technology transfer solution that launched in the second quarter of 2021. Aspira Women's Health has entered into four technology transfer agreements since the launch of Aspira Synergy. Two of the agreements are with two of the nation's largest women's healthcare groups. The other two agreements are with two independent laboratories providing services across five states. Under the agreements, the two women's health networks and the two independent laboratories will have the ability to conduct genetic testing or OVA1plus testing in-house, utilizing the proprietary Aspira Synergy platform. The Aspira Synergy platform allows point of care testing to expand access at the local level and provides the necessary platform to facilitate full adoption of our disruptive technology solutions. These solutions include Aspira Synergy Genetics which offers carrier screening and hereditary cancer testing and Aspira Synergy Liquid Biopsy which offers Aspira Women's Health's flagship product OVA1plus, a liquid biopsy test, each utilizing the proprietary Aspira Synergy platform. OVA1plus combines the FDA-cleared products OVA1 and OVERA for assessing ovarian cancer risk in women with pelvic masses. "These four agreements will help expand patient access to OVA1plus to women across the country by replacing CA125. Coupled with the Aspira Synergy Genetics solution, we are leveraging novel biochemistry with a clinical-grade artificial intelligence-based bioinformatics to provide genetic intelligence at the local level," said Valerie Palmieri, President and CEO of Aspira Women's Health. "Providing early diagnostic ovarian cancer risk assessment information will allow proactive personalized risk assessment at the point of care. The bottom line, it's all about early detection of risk at the proteomic and genetic germline level!"
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VEEV | Hot Stocks08:11 EDT Veeva partners with LEO Pharma for paperless digital trials - Veeva and LEO Pharma, a company specializing in medical dermatology, announced a strategic technology partnership to enable scalable digital trials that are patient-centric and paperless. Building on its success with the Veeva Clinical Operations Suite, LEO Pharma will complete its standardization on existing Veeva clinical technology, be an early adopter of future Veeva solutions, and help to shape the Veeva digital trials roadmap. LEO Pharma will utilize the integrated suite of Veeva clinical products.
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POETF | Hot Stocks08:11 EDT Poet Technologies launches products, Optical Interposer platform in China - POET Technologies announced that its participation in the two leading optoelectronics conferences / exhibitions in China earlier this month generated overwhelming interest and numerous customer engagements in both its announced Optical Engine products and the novelty and versatility of its Optical Interposer platform. Notably, Shenzhen Fibertop Technology Co., a transceiver module supplier, committed during the week to incorporate POET Optical Engines in its line of optical modules as soon as production Optical Engines are available.
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KTOS | Hot Stocks08:10 EDT Kratos Defense receives $50M single award, sole source IDIQ contract - Kratos Defense & Security Solutions announced that its Kratos Unmanned Aerial Systems division has recently received an approximate $50 million, single award, sole source, high performance jet drone system related Indefinite Delivery, Indefinite Quantity (IDIQ) contract from a United States Government Agency. KUAS is the industry leader in the rapid design, manufacture and delivery of affordable, high performance jet drone systems. Work under this contract award will be performed as funded task orders are issued by the customer at secure Kratos facilities and customer locations. Due to customer related, competitive, security, and other considerations, no additional information will be provided.
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AUGX... | Hot Stocks08:10 EDT Augmedix announces partnership with Google Cloud to harness ASR technology - Augmedix (AUGX) announced that it has partnered with Google (GOOG;GOOGL) Cloud to optimize and integrate automated speech recognition, or ASR, technology for use in real-world clinical settings. The combined ASR and NLP technology enhances the efficiency and quality of Augmedix's medical documentation from ambient conversation while meeting the enterprise-grade security expectations of major health systems, including end-to-end encryption and robust user consent policies. Augmedix is harnessing ASR broadly across its user base, for both conversational and single-party contexts, to materially improve efficiency and quality scores for Augmedix and its clinician users, across more than a dozen national health systems. "This is a significant leap forward for Augmedix's technology evolution. With Google Cloud Speech-to-Text, we believe we can improve the accuracy of our NLP models, improve our unit economics, and accelerate our ability to scale to new clinicians," said Ian Shakil, Founder of Augmedix. "Crucially, Google Cloud's models perform well in real-time, which is necessary for us, because unlike other solutions in the market, our clinician customers frequently expect note delivery to occur in real-time."
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STPC | Hot Stocks08:09 EDT Star Peak Corp II stockholders approve Benson Hill combination - Star Peak Corp II announced its stockholders have voted to approve the business combination with Benson Hill, a food technology company, as well as other proposals presented at Star Peak's special meeting of stockholders held on September 28.
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NLTX | Hot Stocks08:09 EDT Neoleukin Therapeutics to present data on NL-CVX1 at IDWeek 2021 - Neoleukin Therapeutics announced new data highlighting the ability of its de novo protein decoy, NL-CVX1, to block SARS-CoV-2 infection in certain viral variants. Data were presented in an oral presentation at IDWeek 2021 titled "Antiviral NL-CVX1 efficiently blocks infection by SARS-CoV-2 viral variants of concern". NL-CVX1 is a computationally designed, de novo protein that acts as a hACE2 decoy, neutralizing SARS-CoV-2 both in vitro and in vivo and inhibiting SARS-CoV-2 replication. New data presented demonstrates that NL-CVX1 protects transgenic hACE2 mice from SARS-CoV-2 infection with a single intranasal dose and that this protection persists following a viral rechallenge one month later. In addition, the data indicates that NL-CVX1 effectively outcompetes binding of the SARS-CoV-2 receptor binding domain to hACE2 in the variants of concern that were tested. Findings also revealed the ability of NL-CVX1 to neutralize pseudoviruses expressing spike proteins of SARS-CoV-2 variants. The IDWeek presentation summarizes research performed by Neoleukin and research collaborators at the Instituto de Medicina Molecular Joao Lobo Antunes in Lisbon and Hong Kong University.
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ASXC | Hot Stocks08:09 EDT Asensus says Japan's Sapporo Medical University to use Senhance Robotic Surgery - Asensus Surgical today announced Sapporo Medical University Hospital, located in Hokkaido, Japan, has entered into an agreement to lease and utilize a Senhance Surgical System. "The Department of Surgery, Surgical Oncology and Science at Sapporo Medical University Hospital is an outstanding institution which is well known for utilizing the most advanced surgical technologies, and we are very excited to partner with them to expand their existing surgical robotics program," said Anthony Fernando, Asensus Surgical President and CEO. "Japan remains a focus market for Senhance. With a dedicated training center and a growing number of active systems at prestigious institutions, we expect to further accelerate adoption in the region in the future.''
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JZXN | Hot Stocks08:09 EDT Jiuzi Holdings signs cooperation agreement for new energy vechicles in China - Jiuzi Holdings has entered into a strategic cooperation agreement with Shaanxi Tongjia Auto, an automobile brand of Shaanxi Automobile Group. Tongjia will deliver to JZXN 2000 new energy vehicles, including its delivery vehicle, Electric OX II, which will be sold via the company's retail stores throughout 2021 and 2022. In the early stage, the company, through its wholly-owned subsidiary Hangzhou Zhitongche, will provide a loan of RMB20M to Tongjia's authorized dealers for working capital, which could be gradually increased depending on the actual operations.
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FAMI | Hot Stocks08:08 EDT Farmmi to acquire Xiangbo for RMB 70M - CEO Yefang Zhang said, "We have agreed to acquire all the shares of Xiangbo for approximately RMB 70 million based on our decision to expand Farmmi's forest related business. Xiangbo's subsidiary, Yudu County Yada Forestry Co., Ltd. owns 1,4438.5 mu of economic forest in Yudu County, Ganzhou City, Jiangxi Province. Xiangbo primarily uses its acreage in the cultivation and production of Moso Bamboo, Camellia Oleifera and Chinese Fir trees."
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HSC | Hot Stocks08:08 EDT Harsco enters into exclusive relationship with Masort for new technology - Harsco announced that its Harsco Environmental division has successfully entered into an exclusive strategic relationship with Magsort to bring metal recovery technology to the steel industry. "With Harsco Environmental's reputation as a world leader in steel slag metal recovery operations, a relationship with Magsort was a natural fit as we are continuously looking for innovative ways to help our customers solve their most pressing environmental challenges," said Russ Mitchell, Vice President and Chief Operating Officer of Harsco Environmental. "Implementing Magsort's solution will allow for increased levels of internal recycling, helping steel makers increase their sustainability and profitability by reducing waste and operating costs." The program will initially focus on bringing the technology to carbon steel makers, with a second phase focusing on developing the solution for stainless steel makers. "Together, Harsco and Magsort will work to develop the an optimized, efficient and cost-effective solution for customers," the company said.
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HGEN | Hot Stocks08:07 EDT Humanigen announces LIVE-AIR study achieved primary endpoint - Humanigen announced a presentation of the results from the company's randomized, double-blind, placebo-controlled LIVE-AIR Phase 3 study at IDWeek 2021 taking place virtually from September 29 to October 3. The LIVE-AIR study achieved its primary endpoint of survival without ventilation measured through day 28 following treatment. Survival without ventilation is an important clinical endpoint that measures not only mortality, but the morbidity associated with mechanical ventilation. The Kaplan-Meier estimate for IMV and/or death was 15.6% in the lenzilumab arm versus 22.1% in the placebo arm. Approximately 94% of patients received dexamethasone, 72% received remdesivir, and 69% received both. In the subgroup of patients treated with both remdesivir and corticosteroids, lenzilumab improved survival without ventilation relative to placebo. In this study, lenzilumab appeared to be safe and well-tolerated, there were no serious adverse events, or SAEs, attributed to lenzilumab and no suspected unexpected serious adverse reactions reported for lenzilumab.
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ICAD | Hot Stocks08:07 EDT iCAD launches ProFound AI Risk for digital breast tomosynthesis - iCAD announced the launch of ProFound AI Risk for digital breast tomosynthesis, or 3D mammography, as well as an updated version of PowerLook Density Assessment. Both technologies offer improved accuracy and enhanced functionality compared to previous versions of the software. ProFound AI Risk is the world's first commercially available clinical decision support tool that provides an accurate short-term breast cancer risk estimation that is truly personalized for each woman, based only on a 2D or 3D mammogram. The latest generation of PowerLook Density Assessment is the world's first and only multi-vendor deep learning automated breast density assessment algorithm using synthetic images generated from 3D mammography.
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EPAC | Hot Stocks08:06 EDT Enerpac Tool announces Paul Sternlieb as President and CEO - Enerpac Tool Group announced that its Board of Directors has appointed Paul Sternlieb as the Company's President and Chief Executive Officer. Mr. Sternlieb has also been appointed to the Enerpac Board of Directors . Mr. Sternlieb succeeds Randy Baker, who will retire from his role as President and CEO of the Company and as a member of the Board. Mr. Sternlieb's appointment and Mr. Baker's retirement are effective October 8. Mr. Baker has agreed to remain with the company through the end of the calendar year in an advisory capacity to ensure a smooth transition. "It has been an honor to serve as CEO of Enerpac over the last five years," said Mr. Baker. "With the support of the entire team, we have made significant progress repositioning the business and driving positive change across our organization. Having navigated through the pandemic and with the Company positioned for its next phase of execution, I believe it is an appropriate time for me to step down, and I decided to do so once the right successor was found. I am very proud of all we have accomplished together and am confident in Paul's and the Enerpac team's ability to continue growing and transforming the Company following my retirement."
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SYNA | Hot Stocks08:06 EDT Synaptics accelerates low power edge AI development with Edge partnership - Synaptics Incorporated announced a partnership with Edge Impulse. The partnership combines Synaptics' Katana Ultra Low-Power Edge AI Platform with the Edge Impulse software development platform used by thousands of embedded developers to create, train and deploy custom models for a wide range of AI applications. "The Edge Impulse Embedded ML Platform allows developers to create production-ready models, faster and efficiently. Additionally, it enables easy testing, training, and model optimization in a complete MLOps environment," the company said. "Edge Impulse has a wealth of experience through its highly efficient platform for rapid development of ML models specifically for low power IoT applications. This partnership provides our customers a fast and efficient way to create and optimize custom models for the Katana platform that will significantly improve overall time to market for battery-powered connected devices at the edge," said Venkat Kodavati, Chief Product Officer at Synaptics.
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BHTG | Hot Stocks08:05 EDT BioHiTech Global receives order for five additional digesters from university - BioHiTech Global has received an order from an existing higher education institution client for five additional Revolution Series Sprout Digesters to enhance their four already in use. The company anticipates fulfilling these orders before the end of Q4. The digesters will serve three additional dining facilities.
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BEEM | Hot Stocks08:04 EDT Beam announces City in California deploys EV ARC solar-powered EV system - Beam Global announced that the City of Torrance in California has deployed the EV ARC solar-powered EV charging system to charge city transit fleet EVs. The system was purchased through the California Contract #1-18-61-16 which simplifies the procurement process and ensures best pricing. The City of Torrance's EV ARC unit fits in a standard parking space and is equipped with three Enel X JuiceBox Pro EV charging stations. The EV ARC system generates and stores its own clean electricity and delivers that electricity to power EVs, day or night, and during inclement weather and power outages. The transportable but permanent unit includes the Emergency Power Panel option for first responder use during blackouts or in locations where there is no utility connection available. Requiring no connection to the utility grid, Beam Global products eliminate disruptive construction projects, electric circuit upgrades and utility charges to deliver significant long-term savings to city budgets. "We are experiencing an increase in orders from cities across the US as they shift to electric vehicles and accelerate their requirements for EV charging infrastructure," said Beam Global CEO Desmond Wheatley. "The EV ARC sustainable EV charging system is the fastest deployed EV charging infrastructure solution available. State and local governments across the US can now leverage the California Contract to take advantage streamlined purchasing and best pricing for our products."
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OPRX | Hot Stocks08:03 EDT OptimizeRx announces findings from survey on digital solutions in diabetes - OptimizeRx announces key findings spotlighting the value of new digital engagement technologies which are poised to fill gaps in critical areas where patients and physicians need additional support in the management of type 2 diabetes according to a survey of top endocrinologists. Given the abundance of treatment options for T2D, and the various factors physicians need to take into consideration when prescribing a therapy - including patient comorbidities - pharma brand teams are investing in new digital patient engagement and adherence tools to better support both patients and providers. These digital tools can support the timely delivery of treatment options and therapy information to physicians and their patients during key decision moments, as well as extend the reach of care into patients' daily lives - delivering personalized, relevant support when it is needed, so patients have the tools and resources to manage their condition - and improve their health. In the survey, 25 top U.S. endocrinologists were asked to share the challenges they and their patients face in managing T2D, with a focus on patient communication, education, medication adherence and self-care in a challenging population. Endocrinologists face their own challenges in treating diabetes patients. Short office visits and significant amounts of information to cover with their patients mean endocrinologists aren't always able to communicate everything they need to convey to patients during the office visit, and they are limited in the support they can offer after patients have left their office. 92% of endocrinologists reported moderate to high need for support in communicating with patients about their self-care; 88% of endocrinologists reported moderate to high need for support in communicating how to access financial support/copay assistance programs; 83% of endocrinologists reported moderate to high need for support in communicating with patients about how to start making lifestyle modifications. Through the survey's results, OptimizeRx gained additional insights into areas of focus where digital and technology-enabled tools can address challenges and opportunities to improve support of patients with T2D. 54% of endocrinologists were familiar with mobile/digital co-pay cards, and 58% found them effective; 38% of endocrinologists were familiar with SMS/text message medication reminders, and 46% found them effective; 38-42% of endocrinologists were familiar with other digital tools including web-based or video educational content and motivational/inspirational SMS or email content, and many found them to be effective resources - indicating there is strong opportunity to expand the use of digital tools. The survey also notes that socioeconomic and demographic factors often play a significant role in limiting patients' abilities to make lifestyle changes or to afford their medication. Additionally, the survey reveals that as more digital and technology-enabled tools become available to support T2D patients throughout their treatment journey, opportunities abound for innovative ways to overcome modifiable barriers to medication adherence, patient engagement, and self-care. Research suggests successful management of T2D requires a combination of: access to effective medications; proper medication adherence patient lifestyle and behavioral modifications; These areas are compounded by patient belief structures, their treatment and healthcare experiences, and demographic factors. Importantly, poor medication adherence has been well documented as a central contributor to inadequate glycemic control and ensuing morbidity, healthcare utilization, and mortality. 78% of endocrinologists report patients' lack of lifestyle changes as one of their top three challenges; 62% of endocrinologists report medication costs being too high as a top three challenge; Endocrinologists estimate 51% of their patients struggle with making lifestyle changes, and 46% with affording their medication.
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LDOS | Hot Stocks08:02 EDT Leidos awarded DARPA contract with $19.3M ceiling value - Leidos was awarded a prime contract by Defense Advanced Research Projects Agency - DARPA - for their Personalized Protective Biosystem program. Through this award, Leidos will develop technology that reduces the need for burdensome protective equipment while increasing defense against both existing and future chemical and biological threats. This three-phase, five-year cost-plus-fixed-fee contract has a total ceiling value of $19.3M. The technology comes in the form of both lightweight protective materials and tissue-protective countermeasures.
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TGT | Hot Stocks08:02 EDT Target announces return of Target Deal Days in October - Target announced the kick off to a joyful holiday season filled with great deals for all families. As guests prepare to shop early this year, the retailer is jumpstarting the season with the return of guest-favorite Target Deal Days in October. For three days, deals will be available online, through the Target App and, for the first time, at all Target stores, making it easy for guests to save big, no matter how they choose to shop. The retailer also is introducing a new, industry-leading Holiday Price Match Guarantee, committing to match the lowest prices at Target starting earlier than ever.
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PAE | Hot Stocks08:01 EDT PAE awarded $98M US Navy contractor logistics support contract - PAE was awarded a $98M sole-source, indefinite delivery, indefinite quantity contract by the Naval Air Warfare Center Aircraft Division. PAE will provide the U.S. Navy contractor logistics support for F-5 fighter aircraft on the 18-month contract. PAE Interim President and CEO Charlie Peiffer said "We look forward to continuing our longstanding relationship with the U.S. Navy by keeping its F-5 fleet mission-ready through support backed by our enduring commitment to excellence." PAE's Readiness and Sustainment team will perform all maintenance and logistics support services for 43 F-5F and F-5N aircraft at Naval Air Station Key West, Florida; Naval Air Station Fallon, Nevada; Marine Corps Air Station in Yuma, Arizona; and Naval Air Station Joint Reserve Base New Orleans, Louisiana, through January 2023.
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USAU | Hot Stocks07:50 EDT U.S. Gold updates pre-feasibility study for CK Gold Project, Wyoming - U.S. Gold provided an update on its CK Gold Project located in Southeast Wyoming. The company saw considerable activity at the CK Gold Project during the summer, which is currently continuing in the fall of 2021, and expects to further advance the project to a permitting and development decision on a fast-track basis. Highlights of recent activities include: subsequent to site wetlands survey, the CK Gold Project received a non-jurisdictional determination from the U.S. Army Corps of Engineers; signed land and right-of-way agreement securing the project's footprint and access across private and onto State land; Prefeasibility Study expected by year-end 2021, currently undergoing optimization; advancing Feasibility Study fieldwork, building on PFS for anticipated FS completion by mid-2022; ongoing environmental baseline monitoring for potential filing of Mine Permit application in 2022. Management now expects the PFS will be released in Q4. Field activities progressing this summer and autumn at the CK Gold Project are intended to allow the project to move towards a full FS in 2022.
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EVRC | Hot Stocks07:45 EDT Stockholder Group urges Evercel stockholders to vote for its three proposals - James Gerson and Richard Krantz, the collective owners of approximately 12.0% of the outstanding voting stock of Evercel issued the following statement in response to the Company's recent letter to stockholders: "We are writing to you today to correct the Company's recent misstatements concerning our business proposals and nominations to be considered at the Company's annual meeting of stockholders scheduled to be held virtually at 10:00 a.m. Eastern Time on Thursday, October 7, 2021. Please do not be misled by the Company's mud-slinging efforts - this campaign is not about James Gerson, who is not a nominee and is not seeking to take control of the Company. This campaign is about improving the Company's transparency, liquidity and performance by adding three new independent directors to the Board who will actively oversee and hold CEO, Daniel Allen, and other management, accountable for the Company's lack of transparency and languishing performance...We have no desire to engage in a public back and forth. To put it simply, our campaign is focused on enhancing the Board with truly independent directors who will actively manage a CEO who has been able to control the Company without effective oversight for far too many years. We want to add new Board members who will ask the right questions and possess the independence and skillset to move Evercel in the right direction. We urge you to vote on the BLUE proxy card today to amend the Bylaws, allow stockholders to expand the Board and elect our slate of three highly-qualified and independent Directors to help ensure the Company is on the path to increased management oversight and transparency."
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MSSTF | Hot Stocks07:43 EDT Mindset identifies two additional 5-MeO-DMT-inspired lead candidates - Mindset Pharma announced that, in addition to its potential lead new chemical entity candidate, MSP-4018, the Company has identified two additional pipeline opportunities from its Family 4 compounds, MSP-4019 and MSP-4020. In preclinical studies, both compounds demonstrated strong efficacy and an improved safety profile in comparison to 5-MeO-DMT and parent compounds. Mindset's Family 4 compounds are DMT and 5-MeO-DMT-inspired novel drug candidates that offer a broad range of pharmacological diversity suitable for in-clinic settings. The Company has run a battery of specialized in-vitro and in-vivo tests on its patent-pending novel compounds to select the optimal psychedelic drug candidates for progressing towards human clinical trials.
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AYRWF | Hot Stocks07:42 EDT Ayr Wellness launches Sun Gems THC-infused gummies - Ayr Wellness announced the initial launch of Sun Gems THC-infused gummies throughout the Company's 42 Liberty Health Sciences dispensaries. The Sun Gems gummies will initially launch in Watermelon flavor, followed shortly by Blue Raspberry. The launch of gummies represents LHS' second edibles offering available for sale in Florida, joining Big Pete's Cookies which launched throughout the Company's Florida footprint in June 2021. Sun Gems is the latest offering under Ayr's recently launched fruit-forward brand, Secret Orchard, which also includes vape cartridges and syringes.
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WDOFF | Hot Stocks07:41 EDT Wesdome Gold Mines announces results from Kiena Deep Zone - Wesdome Gold Mines announces underground exploration drilling results from the Kiena Deep Zone and initial surface exploration drilling results at the Company's 100% owned Kiena Mine Complex in Val d'Or, Quebec. On March 23, 2021, Wesdome announced the discovery of a new high grade gold zone in the footwall of the A Zone, which has been the focus of our in-fill drilling over the past several months. The Footwall Zone is interpreted as lenses of gold mineralization located within a 50 metre wide corridor adjacent to the footwall of the A2 Zone. Gold mineralization is associated with quartz +/- visible gold veins that are spatially associated with amphibolite altered komatiite, basaltic komatiite and basalt units. Because the recent drilling has been impacted by the industry wide shortage of skilled drillers, 11 holes and their wedges having reached the Footwall and A Zones since the last press release. As such, additional drilling is still required to determine the geometry of the mineralized lenses forming the corridor of the Footwall Zone. The orientation, dip and geometry of these new lenses will need to be confirmed in order to determine true widths. However, it is interpreted that the Footwall zone runs parallel to the A Zone and extends at least 300 m. Mineralization remains open laterally and down plunge.Additionally, the recent A Zone high grade drill intersections inside and outside of the current A Zone resource block model shows the potential to expand the current resource estimate. Hole 6762: 132.1 g/t Au over 7.4 m core length A Zone; Hole 6752W4: 34.3 g/t Au over 7.2 m core length A2 Zone; Hole 6762W2: 13.4 g/t Au over 16.0 m core length Footwall Zone; Hole 6762W1: 20.1 g/t Au over 9.1 m core length Footwall Zone All assays cut to 90.0 g/t Au. True widths are unknown at this time for the Footwall Zone. Initial surface drilling has focused on the Presqu'ile and Shawkey areas located northwest and southeast of the Kiena Mine, respectively. Since July 2021, two drills on barges have been testing the continuity of some gold anomalies in the Jacola Formation which host the Kiena mine. In early September 2021, a third drill was added in the Shawkey area to follow up on historical gold anomalies and newly intersected mineralization. Hole PR-20-001: 1515.0 g/t Au over 0.5 m core length; Hole PR-20-001: 23.1 g/t Au over 2.2 m core length;Hole PR-21-008: 63.9 g/t Au over 0.9 m core length; Hole SW-21-009: 20.80 g/t Au over 1.5 m core length; Hole SW-21-013: 29.40 g/t Au over 1.1 m core length. The true widths of the intersections of the Presqu'ile zones are believed to be of 70% or higher of the intersected length. Previous drilling at the Presqu'ile zones has defined a small near surface mineral resource. Eleven of the reported holes for this zone intersected gold mineralization and helped to define a steeply east-plunging trend. Future drilling will continue to test the extent of the mineralization which is near to an underground access at a vertical depth of 320 m below surface and approximately 450 m to the north. The drilling in the Shawkey area was following up on gold anomalies in historical holes and exploring untested areas along strike. Eight holes intersected a new zone called Bourgo which is perpendicular to the general northwest-southeast trend. It consists of quartz veins with very low sulphide content hosted in a komatiitic basalt unit. The northern orientation is similar to the orientation of the nearby Kiena Deep A Zones. Drilling is planned to improve the understanding of this area.
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ALNY | Hot Stocks07:39 EDT Alnylam presents new RNAi therapeutics platform preclinical research - Alnylam announced new pre-clinical research results demonstrating continued RNAi therapeutics platform innovation. The research was presented at the 17th Annual Meeting of the Oligonucleotide Therapeutics Society, or OTS, held virtually from September 26 - 29. Among the presentations from Alnylam scientists, new pre-clinical data were presented identifying a hexadecyl moiety as a lipophilic ligand by which conjugation to siRNAs enables the potential for safe and durable target knockdown in the central nervous system following intrathecal administration. In addition, pre-clinical platform data were presented highlighting the company's extended duration platform, called Ikaria, which has the potential to enable highly potent target mRNA silencing with an annual dosing regimen. New pre-clinical data were presented from Alnylam's CNS-targeting platform. Various fatty acid ligands were conjugated to SOD1-targeting siRNAs and evaluated in rats. A hexadecyl, or C16-conjugated siRNA was shown to yield robust and durable target knockdown throughout the brain and spinal cord following intrathecal administration. Combining a 5'-vinyl phosphonate, or VP, modification with C16 provided the greatest level of potency. This chemistry was therefore selected for further evaluation. In rat studies, single or multiple intrathecal doses of a SOD1-targeting siRNA led to robust, dose-dependent, and durable silencing of SOD1 throughout the brain. Further, in toxicology studies performed in rats and NHPs, no test article-related findings were seen for C16 conjugates, suggesting the potential for a clean safety and tolerability profile. Additional pre-clinical data were presented with an siRNA targeting amyloid precursor protein. Alnylam is developing ALN-APP as a potential treatment for early onset Alzheimer's Disease and cerebral amyloid angiopathy with a planned Clinical Trial Application filing in late 2021. An APP siRNA was shown in vitro to cause greater intracellular reductions in soluble APP beta fragments compared to beta-site APP cleaving enzyme inhibitors. Moreover, in an experiment using induced pluripotent stem cell iPSC-derived neurons, treatment with APP siRNA was able to reduce the size of Rab5+ early endosomes back to wild-type levels within two weeks of treatment compared to control treated cells. This result shows that siRNA-mediated APP lowering corrects an early intracellular phenotype known to be linked to neurotoxicity in AD patients. Finally, in a transgenic mouse model of human sAPP, siRNA-mediated silencing of APP led to phenotypic improvements. Further, in CTA-enabling GLP toxicology studies in rats and NHPs there were no test-article related findings with ALN-APP, revealing an encouraging non-clinical tolerability profile in support of upcoming human studies. In a separate presentation, initial pre-clinical results were presented on the company's Ikaria platform. Using the proprietary IKARIA design and chemistry, RNA sequencing analysis revealed that a transthyretin-targeting siRNA delivered to hepatocytes, ALN-TTRsc04, achieved specificity. The Ikaria-derived ALN-TTRsc04 molecule also demonstrated comparable potency and durability with an analog of vutrisiran in NHP studies. Computational modeling data suggest that a single 300 mg subcutaneous dose of ALN-TTRsc04 may result in trough TTR reduction greater than 90% that is durable for approximately one year. ALN-TTRsc04 is planned to enter clinical development at or around year-end 2022 with an investigational new drug, or IND, application filing.
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VBIV | Hot Stocks07:38 EDT VBI Vaccines announces new data and start of Covid variant study of VBI-2905 - VBI Vaccines announced positive results from multiple preclinical studies against several COVID-19 variants of concern as well as the initiation of dosing in the Phase 1b portion of the ongoing clinical study of VBI's SARS-CoV-2 vaccine candidates in approximately 80 adults age 18-54. New preclinical data demonstrate VBI-2905 induced robust neutralizing and antibody binding activity, as a 2-dose course and as a single booster dose, against COVID-19 and variants of concern including Beta and Delta . Data also demonstrate trivalent VBI-2901 induced robust and consistent levels of immunity against the ancestral COVID-19 strain and a panel of variants including Beta, Delta, Kappa, and Lambda . First subject dosed in Phase 1b portion of ongoing study to assess VBI-2905 as a 1-dose booster in individuals previously immunized with an mRNA vaccine, and (ii) a primary 2-dose series in unvaccinated individuals Initial VBI-2905 data expected early Q1 2022, subject to speed of enrollment. Bill Cameron, M.D., Medical Director of Clinical Research at the Ottawa Hospital Research Institute, Infectious Disease Specialist at The Ottawa Hospital, Professor at the University of Ottawa, and Principal Investigator of the ongoing Phase 1a/1b study, commented: "The significant number of COVID-19 infections on a global scale contributes to increasing numbers of mutations and thus emergence of new viral variants. Some are associated with increased transmissibility, like Alpha and Delta variants, and some with escape from natural or vaccine acquired immunity, like Beta, Mu, Lambda, and Kappa variants. These vaccine-escape variants have shown to be associated with decreased immunogenicity of licensed COVID-19 vaccines, which are based on expression of various forms of the S protein using the unmutated reference sequence from the ancestral strain. Development of an effective booster strategy or new vaccines that are able to broaden protection against more than one variant will be important for the public health management of COVID-19. In-line with that effort, we look forward to seeing the data from this next phase of VBI's clinical study."
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BBIO | Hot Stocks07:38 EDT Helsinn, QED announce Health Canada conditional approval of TRUSELTIQ - Helsinn Group and BridgeBio Pharma, through its affiliate QED Therapeutics, announced that Health Canada has approved TRUSELTIQ, a small molecule kinase inhibitor that targets fibroblast growth factor receptor, under the Notice of Compliance with Conditions policy, for the treatment of adults with previously treated, unresectable locally advanced or metastatic cholangiocarcinoma with a FGFR2 fusion or other rearrangement. An NOC/c is a form of market approval granted to a product on the basis of promising evidence of clinical effectiveness following review of the submission by Health Canada. Products authorized under Health Canada's NOC/c policy are intended for the treatment, prevention or diagnosis of a serious, life-threatening or severely debilitating illness. They have demonstrated promising benefit, are of high quality and possess an acceptable safety profile based on a benefit/risk assessment. In addition, they either respond to a serious unmet medical need in Canada or have demonstrated a significant improvement in the benefit/risk profile over existing therapies. Health Canada has provided access to this product on the condition that sponsors carry out additional clinical trials to verify the anticipated benefit within an agreed upon time frame. Under Project Orbis, an initiative of the FDA, Oncology Center of Excellence that allows for concurrent submission and review of oncology drugs among participating international regulatory agencies, TRUSELTIQ received accelerated approval from the U.S. Food and Drug Administration in May 2021. An additional marketing application for infigratinib is currently under review in Australia. Helsinn Group has exclusive commercial rights for TRUSELTIQ in Canada with BridgeBio eligible for tiered royalties as a percentage of net sales as part of the global collaboration and license agreement entered into between the two companies in March 2021. As part of this agreement, BridgeBio and Helsinn Group's affiliate, Helsinn Therapeutics U.S., Inc., are jointly responsible for commercialization activities for TRUSELTIQ in the U.S. and will share U.S. profits and losses on an equal basis. Helsinn Group will have exclusive commercialization rights on infigratinib outside of the U.S., excluding China, Hong Kong and Macau. BridgeBio will be eligible for tiered royalties as a percentage of adjusted net sales, and payments totaling up to approximately $2.45B in the aggregate. Helsinn Group will fund the majority of ongoing and future research and development related to infigratinib in oncology. BridgeBio previously entered a strategic collaboration with LianBio for development and commercialization of infigratinib in oncology indications in China, Hong Kong and Macau.
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TGTX | Hot Stocks07:35 EDT TG Therapeutics announces data presentations from ULTIMATE I, II Phase 3 trials - TG Therapeutics announced the schedule of data presentations highlighting data from the ULTIMATE I & II Phase 3 trials evaluating ublituximab in patients with relapsing forms of multiple sclerosis, at the upcoming 37th Congress of the European Committee for Treatment and Research in Multiple Sclerosis, being held virtually October 13 - 15, 2021. Regular abstracts are now available through the ECTRIMS platform and late-breaking abstracts will be accessible on October 13, 2021. Michael Weiss, Chairman and CEO of TG Therapeutics stated, "We are pleased to have two abstracts accepted for presentation at the upcoming ECTRIMS congress, including an oral presentation, showcasing data from the ULTIMATE I & II Phase 3 trials. While much of the data have been presented previously, we look forward to sharing some additional analyses which we believe further reinforce the potential value of ublituximab to treat patients with RMS." Mr. Weiss continued, "We look forward to the ECTRIMS congress and hope you all can join us on October 14 to review the data and hear from key opinion leaders."
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AMRC | Hot Stocks07:34 EDT Ameresco completes work on Paul Brown Stadium - Ameresco announced the completion of its latest phase of work for Paul Brown Stadium, home of NFL team the Cincinnati Bengals. As part of the project, Ameresco replaced over 500 2000-Watt metal halide technology sports field lights and installed 300 1400-Watt LED technology sports field lights. The company also added a new DMX lighting control and monitoring system.
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PZZA | Hot Stocks07:34 EDT Papa John's in domestic development deal with Sun Holdings - Papa John's International announced it has signed its largest domestic franchisee development agreement in the company's history with top U.S. franchisee operator Sun Holdings . Under the terms of the deal, Sun Holdings will oversee the opening of 100 new stores in high-growth markets across Texas by 2029. The partnership is another sign of Papa John's accelerating development momentum, as both current and prospective franchisees show strong interest in opening new locations around the world.
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FSV | Hot Stocks07:33 EDT FirstService Residental acquired Condominium Association - FirstService announced that FirstService Residential, the North American property management leader, has recently acquired the Condominium Association Management Division of Atlantic Pacific Companies, a fourth generation real estate organization. Terms of the transaction were not disclosed. "This is a key transaction which cements our presence in South Florida and brings additional capabilities to compete and increase our market share," said David Diestel, Chief Executive Officer of FirstService Residential. "The addition of APAM strengthens our talent pool and furthers our brand position, allowing us to better serve and add value to our community association clients. We welcome APAM's team of experienced associates to the FirstService family and look forward to working together in further advancing our growth strategy in the important Florida market," he concluded.
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DLTR | Hot Stocks07:32 EDT Dollar Tree increases share repurchase program by $1.05B to $2.5B - Dollar Tree reported that its board of directors has increased the company's share repurchase authorization by $1.05B to an aggregate amount of $2.5B, including approximately $1.45B available for repurchases under the board's previous repurchase authorization approved on March 2.
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APA | Hot Stocks07:32 EDT APA Corp. announces Keskesi South-1 appraisal well results - APA Corporation announced results from appraisal drilling at Keskesi South-1 on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies, the operator, holding a 50% working interest. Keskesi South-1, drilled approximately 6.2 kilometers from the discovery well Keskesi East-1, encountered non-commercial quantities of hydrocarbons and the well has been plugged and abandoned. "The first appraisal well at Keskesi was a substantial step-out designed to assess the southern extent of the feature," said Tracey Henderson, APA's senior vice president, Exploration. "This location had the potential to confirm a very large resource in place if connected to the reservoir sands in the discovery well. However, suitable reservoir quality sands were not developed in the Campanian target at the Keskesi South-1 location. Data gathered from the well will be used to calibrate our geologic model and inform the next steps for Keskesi appraisal." The Maersk Developer has moved to the Sapakara South-1 well, where it will conduct a flow test of the previously announced appraisal success. Following the completion of the Sapakara South-1 flow test, the exploration program will continue with the spud of the next exploration well targeting the Krabdagoe prospect just to the east of Keskesi. The Maersk Valiant is currently drilling Bonboni, the first exploration prospect in the northern portion of Block 58. Both rigs are operated by TotalEnergies. Block 58 encompasses 1.4 million acres and is in the early phases of exploration and appraisal. APA has participated in four exploration discoveries and one appraisal success offshore Suriname in the past two years. In addition to its 50% working interest on Block 58, the company also holds a 45% working interest in Block 53, where it plans to drill an exploration well in 2022.
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ADCT | Hot Stocks07:20 EDT ADC Therapeutics joint venture doses first patient in Zynlonta study - Overland ADCT BioPharma, a joint venture created by Overland Pharmaceuticals and ADC Therapeutics, announced the first patient has been dosed with Zynlonta in a pivotal Phase 2 clinical trial in patients with relapsed or refractor diffuse large B-cell lymphoma, or DLBCL, in China. In April, Zynlonta was granted accelerated approval by the FDA as the first and only CD19-targeted antibody drug conjugate, or ADC, as a single-agent treatment for adult patients with r/r DLBCL after two or more lines of systemic therapy. This local pivotal study mirrors ADC Therapeutics' ongoing global pivotal Phase 2 clinical trial of Zynlonta and its results are intended to support the potential registration of Zynlonta in China.
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HZNP | Hot Stocks07:16 EDT Horizon Therapeutics to present info on new development programs - Horizon Therapeutics will present an overview of its pipeline, including five new development programs for investigational medicines, daxdilimab, HZN-7734, and dazodalibep, HZN-4920, in new disease areas during its first virtual R&D Day for investors and analysts. The virtual event will be held from 9 a.m. to approximately 12:30 p.m. Eastern Time . "Horizon's unique combination of commercial execution, proven and disciplined business development and strong R&D capabilities transformed us into one of the fastest growing, profitable biotechnology companies in the industry," said Tim Walbert, chairman, president and chief executive officer, Horizon. "Today's announcement of new development programs, new disease areas and increased investment in our drug discovery activity further diversifies our portfolio and positions us for long-term growth." With the addition of five new development programs, Horizon now has 27 development programs across its pipeline. Daxdilimab an investigational, fully human monoclonal antibody targeting immunoglobulin-like transcript 7 promoting the destruction of plasmacytoid dendritic cells , is currently in a Phase 2 clinical trial for systemic lupus erythematosus. It will also be studied in four new disease areas:
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ENB | Hot Stocks07:16 EDT Enbridge reports substantial completion of Line 3 Replacement Project - Enbridge announced the achievement of a major milestone with the substantial completion of the Line 3 Replacement Project and the establishment of an in-service date of October 1. This step marks the full replacement of the entire 1,765-kilometre/1,097-mile-long pipeline from Edmonton, AB. to Superior, WI. With new state-of-the-art, thicker-walled pipe, its completion ensures a safe, reliable supply of North American crude oil to U.S. refineries, helping fuel the quality of life for millions of people.
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SJ | Hot Stocks07:15 EDT Scienjoy to initiate metaverse project based on virtual worlds platform - Scienjoy expects to incorporate the company's technologies in AI, Augmented Reality, Virtual Reality and Non-Fungible Tokens to expand to the metaverse project. Metaverse is a concept of a future iteration of the internet where people work, play, and socialize, made up of persistent, shared, 3D virtual spaces linked into a perceived virtual universe. The company has applied its technologies to the six complete virtual reality worlds in the company's show live streaming platforms. Through initiating the metaverse project, the company expects to consolidate its edges in the mobile live streaming market and establish an advanced metaverse ecosystem. Scienjoy has launched three virtual worlds on a small scale in 2020 and continues to increase the gamified content to promote metaverse as technologies emerge. The company will focus on improving its virtual worlds and building more features of the metaverse project, such as virtual anchors, face changing, and attributes, by using AI and VR technologies. The company will also continue to seek for more business opportunities and partnerships in cloud, live-streaming, and short videos fields.
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CXBMF | Hot Stocks07:12 EDT Calibre Mining announces update on drilling program at Limon Complex - Calibre Mining is pleased to provide an update of the Company's 2021 resource expansion and discovery drilling program, highlighting drilling completed at high-grade deposits and targets within the Company's producing Limon Mine Complex. Atravesada Underground: 9.02 g/t Au over 3.0 metres Estimated True Width from 343.6 metres; 6.39 g/t Au over 6.2 metres ETW from 241.1 metres; 4.27 g/t; Au over 4.2 metres ETW from 360.4 metres. Tigra - beyond the reserve pit shell: 6.82 g/t Au over 4.3 metres ETW from 285.9 metres; 5.28 g/t Au over 4.8 metres ETW from 251.4 metres; 12.17 g/t Au over 2.2 metres ETW from 284.8 metres; 7.12 g/t Au over 2.0 metres ETW from 315.7 metres. New Gold Zone within the Limon Complex: Portal Target: 5.75 g/t Au over 2.3 metres ETW from 115.2 metres; 2.77 g/t Au over 4.1 metres ETW from 66.8 metres; 1.68 g/t Au over 18.6 metres ETW from 40.1 metres. Drilling at the Atravesada deposit continues to return high-grade intercepts over significant widths. Importantly, drilling down plunge along the central ore shoot has returned multiple high grade gold intercepts up to 100 metres below the limits of the currently reported underground indicated resource. Recent drilling at Tigra provides further confirmation of the potential to delineate additional high-grade resources along the main ore shoot as it extends below the current open pit probable reserve. The reserve contains 547,000 tonnes averaging 4.93 g/t Au and 87,000 ounces contained gold1. Additional inferred resources below the open pit reserve include 221,000 tonnes averaging 7.02 g/t Au and 50,000 ounces contained gold1. Drilling along strike and down plunge of the principal ore shoots at Panteon and Santa Pancha 1 has returned additional drill intercepts consistent with the high-grade shoots already delineated at each deposit. The north-south trending Portal vein lies approximately one kilometre north of Atravesada. First pass drilling intersected near surface mineralization below historic trenching by B2Gold that returned 74.3 g/t Au over 3.8 metres and 9.6 g/t over 2.0 metres1. Exploration drilling will continue to test the extent and continuity of gold mineralization both laterally and down dip along the Portal vein.
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GDDFF ZEV | Hot Stocks07:12 EDT Goodfood partners with Lightning on fully electric refrigerated vehicle fleet - Goodfood Market (GDDFF) is launching a fully electric refrigerated vehicle fleet, which it calls "a first for any private entity in Canada." In collaboration with Lightning eMotors (ZEV), Volta Air and Frigid Rentals, Goodfood is the first private entity to receive a pre-approved grant from Plug-In BC for electric charging infrastructure. The 10 newly electric refrigerated vehicles will launch in Vancouver, British Columbia with continued roll-out in the coming months across Canada. "Goodfood continues to evolve and lead environmental impact through technology as the newly electric refrigerated vehicles begin rolling out across Vancouver throughout September," the company said.
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TRGP | Hot Stocks07:12 EDT Targa Resources releases Sustainability Report for 2020 - Targa Resources announced that its Sustainability Report for 2020 is now available on the company's website. "The report advances Targa's sustainability disclosures and provides a review of Targa's performance against various environmental, social, and governance topics that are important to our industry," the company said. Highlights of Targa's 2020 Sustainability Report include the following: achieved a 34% decrease in flaring volumes from emissions events and a 16% decrease in the total number of flaring incidents; developed a goal to reduce methane intensity to 0.08% for gathering and boosting segment and 0.11% for the processing segment by 2025; reduced total recordable injury rate by more than 35% and days away, restricted, or transferred incident rate by more than 41% between 2017 and 2020; implemented a new mobile safety app for reporting near misses and other hazards; exported approximately 4.6B gallons of liquefied petroleum gas globally; formed a new team focused on renewable power, carbon capture, and other business opportunities; continued to build a diverse workforce - 29% of workforce was from traditionally under-represented racial or ethnic groups, 24% of leaders across Targa were women; established a Board-level Sustainability Committee to oversee management's implementation of strategy to integrate sustainability into various business activities to create long-term stakeholder value.
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AUVI | Hot Stocks07:10 EDT Applied UV acquires KES, JJS for $4.3M in cash and 300,000 shares - Applied UV announced its wholly-owned subsidiary, SteriLumen, has acquired substantially all of the assets of privately-held KES Science & Technology, or KES, and JJS Technologies, or JJS, each of Kennesaw, Georgia, including all of the rights to manufacture and sell all of its patented, air disinfection and purification technologies, for $4.3M in cash and 300,000 common shares of Applied UV stock. Neither SteriLumen nor Applied UV will assume any long-term debt or non-operating liabilities of KES. The acquisition of the assets of KES and JJS, together with the acquisition announced on February 9,, of substantially all of the assets of Akida Holdings, including all of the rights to manufacture and sell the Airocide System of patented, air disinfection and purification technologies, consolidates all of these technologies under the SteriLumen brand and is expected to bolster its presence in major markets including food distribution, cannabis and post-harvest, wineries, and retail sectors. KES is expected to contribute approximately $5M-$7M in revenue in 2022 and be immediately accretive to Applied UV's earnings per share. The agreement has been unanimously approved by the boards of directors of both companies.
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VRNOF | Hot Stocks07:10 EDT Verano Holdings to open MUV Dispensary in Pinellas Park - Verano Holding announced the opening of its newest MundefinedV dispensary located at 7263 Park Boulevard North, Pinellas Park, Florida. At 10:00 a.m. local time today, the dispensary will open and begin seeing patients, with a grand opening planned for Friday at 10:00 a.m., pending all required approvals. Verano's 38th MundefinedV Florida dispensary is centrally located on the Pinellas Peninsula, in one of the state's most densely populated counties. The new MundefinedV storefront is accessible from both Park Boulevard North and Belcher Road, as well as from 74th Street North through neighboring businesses. Patients can, based on preference, order ahead at muvfl.com for express pickup in-store, or take advantage of home delivery service that is available across the state within a 20-mile radius of MundefinedV storefronts.
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MKTY VIAC | Hot Stocks07:09 EDT Mechanical's EcoChain appoints Mary O'Reilly as Chief People Officer - EcoChain, a wholly-owned subsidiary of Mechanical Technology (MKTY), announced the appointment of Mary O'Reilly as Chief People Officer. The Chief People Officer will be defining and executing on people strategies and operating systems for MTI business lines to successfully scale and meet its business objectives. Prior to EcoChain, Mary was the Chief Operating Officer of nonprofit Farm Sanctuary, and VP of Human Resources at Viacom (VIAC).
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TSHA | Hot Stocks07:08 EDT Taysha Gene Therapies gets orphan drug designation from EC for TSHA-101 - Taysha Gene Therapies announced that it has been granted orphan drug designation from the European Commission for TSHA-101, an AAV9-based bicistronic gene replacement therapy in development for GM2 gangliosidosis, also called Tay-Sachs or Sandhoff disease. "GM2 gangliosidosis is a fatal neurodegenerative disease caused by deficiency in the lysosomal enzyme beta-hexosaminidase A, also known as Hex A. The prognosis is devastating, with infantile forms often leading to death within the first four years of life and juvenile onset patients rarely surviving beyond mid-teens," said Suyash Prasad, MBBS, M.Sc., MRCP, MRCPCH, FFPM, Chief Medical Officer and Head of Research and Development of Taysha. "Residual Hex A activity correlates with the severity of GM2, and based on our understanding of this correlation, small increases in Hex A activity are likely to lead to significant improvements in clinical outcomes and quality of life. Based on dose-dependent improvements in survival in preclinical models, we are highly encouraged that our novel bicistronic gene therapy approach with TSHA-101 has the potential to be a life changing therapy for patients suffering from this rapidly progressive disorder with no current treatment options." TSHA-101 is an investigational gene therapy that delivers the HEXA and HEXB genes that make up the beta-hexosaminidase A enzyme. The two genes are driven by a single promoter within the AAV9 bicistronic vector ensuring that the 2 sub-units of Hex A are produced in a one-to-one ratio within each cell, which is important to ensure efficient production of the transgene. TSHA-101 is the first and only bicistronic vector currently in clinical development and has been granted Orphan Drug and Rare Pediatric Disease designations by the U.S. Food and Drug Administration, FDA. TSHA-101 is administered intrathecally and is currently being evaluated in a single arm, open-label Phase 1/2 clinical trial for the treatment of infants with GM2 gangliosidosis sponsored by Queen's University. Preliminary clinical safety and biomarker data are expected by year-end 2021.
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GDDFF ZEV | Hot Stocks07:08 EDT Goodfood Market launches fully electric refrigerated vehicle fleetLightning eMotors - Goodfood Market (GDDFF) is launching a fully electric refrigerated vehicle fleet - a first for any private entity in Canada. Goodfood continues to evolve and lead environmental impact through technology as the newly electric refrigerated vehicles begin rolling out across Vancouver throughout September. In collaboration with Lightning eMotors (ZEV), Volta Air and Frigid Rentals, Goodfood is the first private entity to receive a pre-approved grant from Plug-In BC for electric charging infrastructure. The vehicles themselves have an estimated range of 200 kilometers on a full charge of its 86-kWh battery pack, regenerative braking, and can comfortably hit 120km/hour - silently. The 10 newly electric refrigerated vehicles will launch in Vancouver, British Columbia with continued roll-out in the coming months across Canada.
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EVGN | Hot Stocks07:07 EDT Evogene's Lavie Bio, United Agronomy announce distribution agreement - Lavie Bio, a subsidiary of Evogene, and United Agronomy, a full-service retailer of crop inputs, including seeds, inoculants, fertilizers, and chemicals, announce that they have entered into a distribution agreement, initially for spring wheat, for LAV.211, a Lavie developed inoculant. Under the terms of the agreement, LAV.211 will be distributed through UA's marketing channels in North Dakota, USA as part of UA's robust product offering, which includes top certified seed varieties and preferred seed treatments. The parties expect that initial marketing and commercialization activity will target the 2022 spring wheat season, in North Dakota.
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SLDB | Hot Stocks07:07 EDT Solid Biosciences reports additional pulmonary function results from IGNITE DMD - Solid Biosciences reported additional positive pulmonary function data from the first six patients in the ongoing IGNITE DMD Phase I/II clinical trial of SGT-001. Oscar Mayer, MD, is presenting the data in a poster session Abstract #78) at the Child Neurology Society 50th Annual Meeting. IGNITE DMD Pulmonary Function Data: The pulmonary function results include percent predicted peak expiratory flow, or PEF, and forced expiratory volume, or FEV, in one second one year post SGT-001 administration. The data were collected from the first six patients dosed in IGNITE DMD and three untreated control patients. Patients in the low-dose cohort, Patients 1 and 3, demonstrated improvements in PEF % predicted from baseline to 1 year of 2.5% and 38.5%, respectively, and patients in the high-dose cohort, Patients 4 and 6, demonstrated improvements of 15.9% and 26.7%, respectively, at 1 year. Patients in the untreated control cohort, Control Patients 1 and 3 had declines of 1.1% and 18.2%, respectively, at 1 year. Patients in the low-dose cohort, Patients 1 and 3, demonstrated improvements in FEV1 % predicted from baseline to 1 year of 13.4% and 4.3%, respectively, and patients in the high-dose cohort, Patients 4-6, demonstrated improvements of 10.8%, 15.5% and 2.8%, respectively, at 1 year. Patients in the untreated control cohort, Control Patients 1-3, reported declines of 8.7%, 17.0% and 12.0%, respectively, at 1 year. These data, together with another pulmonary function endpoint, percent predicted forced vital capacity, or FVC, provide further evidence that SGT-001 may benefit patients with respect to pulmonary function. "To our knowledge, Solid is the first company to report improvement in multiple assessments of pulmonary function following administration of a Duchenne gene therapy," said Ilan Ganot, Chief Executive Officer, President and Co-Founder of Solid Biosciences. "These data add to the data we have previously reported from the IGNITE DMD clinical trial. We believe that exploring diverse endpoints will enable us to better understand the totality of the potential benefits that SGT-001 may provide across the spectrum of Duchenne-related disease manifestations."
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WD | Hot Stocks07:06 EDT Walker & Dunlop structures $164M in financing for The Goodtime Hotel - Walker & Dunlop, Inc. announced today that it structured $164M in financing for The Goodtime Hotel, located in Miami Beach, Florida. The team arranged a three-year, interest-only bridge loan with two one-year extension options on behalf of their client, Dreamscape.
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DAN | Hot Stocks07:06 EDT Dana secures long-term contract with Bosch to produce metallic bipolar plates - Dana announced that it has signed a long-term cooperation agreement with Robert Bosch GmbH to mass produce metallic bipolar plates for fuel-cell stacks. Dana's licensed intellectual property will serve as the foundation for the companies to co-develop and co-produce the next generation of metallic bipolar plates and drive excellence across manufacturing processes. To address increasing market demand, the total production volume will exceed 100 million metallic bipolar plates for Europe, Asia Pacific, and North America. The plates are expected to support fuel-cell powertrains for commercial-vehicle applications beginning in 2022.
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OFIX | Hot Stocks07:04 EDT Orthofix sees Q3 low single-digit revenue growth over Q3 last year - Orthofix Medica provided a business update. The Company has experienced the impact of higher than expected volumes of deferred or rescheduled elective procedures resulting from hospital procedural restrictions, both in the U.S. and internationally, associated with the recent surge in COVID-19 Delta variant cases. As a result, the Company expects revenue growth for the third quarter of 2021 to be consistent with, or a low single-digit increase over, third quarter 2020 revenue. "Throughout 2021, we have seen the positive results of our key strategic initiatives, despite the ongoing uncertainty associated with COVID-19," said Orthofix President and Chief Executive Officer Jon Serbousek. "While the overall elective procedure market has again taken a downward trend as a result of the pandemic, we are confident in our vision and ability to accelerate the growth of our business." Mr. Serbousek continued, "We remain dedicated to delivering innovative, high-value solutions to physicians to improve patient mobility. Over the near term, we are focused on driving the adoption of the M6-C artificial cervical disc, the FITBONE limb lengthening system, and our recently bolstered 3D-printed titanium spinal interbody portfolio. In addition, we will continue to invest for growth, in particular with the expansion of our biologics portfolio and the development of innovative new bone growth therapy products."
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AAL UBER | Hot Stocks07:04 EDT UATP, Uber for Business announce strategic partnership - UATP and Uber for Business announced a strategic partnership in which UATP will be integrated into Uber Wallet, enabling travelers to use UATP accounts for rides with Uber as well as orders through Uber Eats. These features will be available in the coming weeks. The Uber app is available in 71 countries and over 10,000 cities, with over 16 million trips completed worldwide. UATP account holders will now have access to Uber's on-demand network and have ride and meal information supplied on statements. Uber is the first rideshare platform company to connect with the UATP network.
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FBIO AZN | Hot Stocks07:03 EDT Fortress Biotech announces AstraZeneca to fully acquire Caelum for $150M - Fortress Biotech (FBIO) and a company it founded, Caelum Biosciences, announced that AstraZeneca's (AZN) Alexion notified Caelum that it has exercised its option to acquire Caelum, pursuant to the Development, Option and Stock Purchase Agreement in place between Fortress, Caelum, Alexion and the other parties thereto. In addition, the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has expired in connection with such acquisition. Expiration of the waiting period under the HSR Act satisfies one of the conditions precedent for consummation of the acquisition. Under terms of the DOSPA, upon closing of the acquisition, which is expected to take place on October 5, 2021, Alexion will purchase all of the outstanding shares of Caelum and will pay Caelum the agreed option exercise price of approximately $150M. Distributions will be made to all existing Caelum stockholders. The agreement also provides for additional potential payments to Caelum stockholders totaling up to $350M, payable upon the achievement of regulatory and commercial milestones. Fortress is eligible to receive approximately 43% of all proceeds from the transaction. "The acquisition of Caelum is a positive development and monetization opportunity for our shareholders, while validating the Fortress business model," said Lindsay Rosenwald, M.D., Fortress' Chairman, President and Chief Executive Officer. "We believe in CAEL-101's potential to be a best-in-class treatment for AL amyloidosis and look forward to the continued progression of CAEL-101 in the CARES Phase 3 clinical program under the leadership of the renowned team at Alexion." The Cardiac Amyloid Reaching for Extended Survival clinical program is evaluating CAEL-101, and enrollment is ongoing in two parallel Phase 3 studies - one in patients with Mayo stage IIIa disease and one in patients with Mayo stage IIIb disease. The company also has a Phase 2 clinical study that is evaluating the safety and tolerability of CAEL-101 in patients with AL amyloidosis.
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SDC | Hot Stocks07:03 EDT SmileDirectClub announces 'gratitude' over FTC actions in Alabama - SmileDirectClub announced its gratitude to the Federal Trade Commision for its actions to combat anti-competitive conduct in Alabama. The proposed Consent Order will ensure that consumers in Alabama will have access to efficacious and cost effective clear aligner therapy treatment using the innovative SmileDirectClub telehealth platform. Under the proposed Consent Order, the Alabama Board of Dental Examiners can no longer impede clear aligner platforms, or dental professionals affiliated with them, from providing clear aligner therapy through remote treatment, protecting consumer choice and access to care against the exclusionary attempts of a market participant driven board. SmileDirectCub, issued the following statement from Susan Greenspon Rammelt, the Company's Chief Legal Officer and EVP of Business Affairs: "SmileDirectClub is grateful for the actions of the FTC to preserve competition and we are pleased that the FTC's proposed Consent Order will allow the Company to expand freely in the state of Alabama and further our mission of democratizing access to premium, affordable, safe and effective oral care. We will continue to work with and educate dental boards and associations across the country on the many benefits of our telehealth platform that has already helped more than 1.5 million people worldwide get a smile that they love."
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TMDX | Hot Stocks07:02 EDT TransMedics says FDA grants premarket approval of OCS Liver System - TransMedics Group announced that the U.S. FDA has granted premarket approval of its OCS Liver System for use with organs from donors after brain death and after circulatory death. The OCS Liver System is indicated for the preservation and monitoring of hemodynamics and metabolic function which allows for ex-vivo assement of liver allografts from DBD and DCD donor livers. This indication is based on the results of the OCS Liver PROTECT Trial.
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NRXP | Hot Stocks06:49 EDT NRx Pharmaceuticals says safety board found no new Zyesami safety concerns - NRx Pharmaceuticals provided a safety update on Zyesami which is being tested in the ACTIV-3b Critical Care Phase 3 study sponsored by the National Institutes of Health. In its second scheduled analysis, the study's Independent Data Safety Monitoring Board found no new safety concerns, after reviewing a total of 231 patients, and recommended continued enrollment.
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ABG | Hot Stocks06:49 EDT Asbury Automotive to acquire Larry H. Miller Dealerships, Total Care Auto - Asbury Automotive Group entered into a definitive agreement with Larry H. Miller Group of Companies to acquire Larry H. Miller Dealerships, the eighth largest dealer group in the U.S., and Total Care Auto, Powered by Landcar. The aggregate purchase price of $3.2B includes approximately $740M of real estate. The transaction is expected to close in the fourth quarter of 2021 and is subject to automobile factory approvals and other customary closing conditions. The EBITDA for the twelve months ended June 30, 2021 of these acquired entities is approximately $360M, which includes day-one cost savings. Asbury has secured committed bridge financing in support of the acquisition, which it expects to replace with a combination of permanent debt and equity financing prior to closing. The equity portion of the permanent financing is currently expected to be approximately $600M. Although the transaction is initially expected to take Asbury above its targeted net leverage range of 3.0x, Asbury believes that it can de-lever to near 3.0x over the next 18-24 months given the highly accretive nature of the deal combined with strong free cash flow generation. The acquisition of these entities, assuming a fourth quarter of 2021 closing date and equity financing of $600M, is expected to be approximately 14% accretive to 2022 earnings per share with 2024 EPS accretion expected to be approximately 20%. Asbury also has several other strategic acquisitions under contract, which also align with Asbury's culture and customer centric model, that are expected to add approximately $900 million in additional annualized revenues. These acquisitions are expected be funded using existing cash on hand and existing credit facilities. These additional acquisitions are expected to drive total, inclusive of Larry H. Miller Dealerships, TCA, and the additional acquisitions under contract, 2022 EPS accretion to approximately 20% and 2024 EPS accretion to approximately 28%.
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PFE | Hot Stocks06:46 EDT Pfizer reports 'positive' results from Phase 3 study of PREVNAR 20 - Pfizer announced positive top-line results from a Phase 3 study evaluating the safety and immunogenicity of PREVNAR 20 in adults 65 years of age or older when administered at the same time as the seasonal influenza vaccine. Responses elicited by PREVNAR 20 for all 20 serotypes and by seasonal influenza vaccine when given together were noninferior to those elicited by the vaccines when administered one month apart. The safety profile of PREVNAR 20 was similar when the vaccines were coadministered as compared to when each vaccine was administered separately, one month apart.
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PTK | Hot Stocks06:41 EDT PTK Acquisition Corp shareholders approve combination with Valens - In a regulatory 8-K filing, the company states that its shareholders have voted in favor "to adopt a proposal to adopt and approve the Business Combination Agreement, dated as of May 25, 2021, by and among PTK, Valens Semiconductor Ltd., a company organized under the laws of the State of Israel and Valens Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Valens, pursuant to which Merger Sub will merge with and into PTK, with PTK surviving the merger as a wholly-owned subsidiary of Valens."
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CDXC | Hot Stocks06:41 EDT ChromaDex partners with Sinopharm Xingsha for Tru Niagen sales into China - ChromaDex announced a partnership with Sinopharm Xingsha Pharmaceuticals to conduct cross-border sales of Tru Niagen in mainland China. Sinopharm Xingsha is a subsidiary of Sinopharm Group, with businesses including pharmaceutical manufacturing, marketing and distribution of drugs, and food supplements and healthcare products. It is the main platform of Sinopharm Group for food supplements and healthcare products. Sinopharm Xingsha and ChromaDex will also collaborate to secure Health Food Registration in China. Tru Niagen is currently available for sale to Chinese consumers on several cross-border marketplaces. It is also available in over 200 Watsons stores in Hong Kong and Macau.
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ADGI | Hot Stocks06:38 EDT Adagio Therapeutics' ADGO shows safety and efficacy data in COVID-19 trial - Adagio Therapeutics announced new data from the company's COVID-19 antibody program. Updated, six-month data from its ongoing Phase 1 study of ADG20 in healthy participants and data validating the selection of the 300 mg intramuscular dose given as a single injection that is being evaluated in the company's ongoing global Phase 2/3 treatment and prevention clinical trials will be presented at the Infectious Disease Society of America's IDWeek from Sept. 29 - Oct. 3. In addition, Adagio will present a subset of the ADG20 Phase 1 data at the 19th Annual Discovery on Target Conference on Sept. 30. Adagio is evaluating ADG20 in a Phase 1 randomized, double-blind, placebo-controlled single ascending-dose study to assess safety and tolerability, pharmacokinetics, immunogenicity, and serum virus neutralizing activity of ADG20 ex vivo against SARS-CoV-2. Data from a six-month evaluation timepoint confirmed the extended half-life of ADG20, which approached 100 days. In addition, 50% serum virus neutralization titers at six months after a 300 mg IM dose of ADG20 were similar to observed peak titers with the mRNA-1273 vaccine and exceeded those achieved with the AZD1222 vaccine series. ADG20 was well tolerated with no study drug-related adverse events, serious AEs, or injection-site or hypersensitivity reactions reported.
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FOLD | Hot Stocks06:35 EDT Amicus: FDA accepts BLA for cipaglucosidase alfa, NDA for miglustat for AT-GAA - Amicus Therapeutics announced that the U.S. FDA has accepted for review the Biologics License Application for cipaglucosidase alfa and the New Drug Application for miglustat for AT-GAA, the company's investigational two-component therapy for the treatment of Pompe disease. Pompe disease is a rare genetic disease that causes premature death and has a debilitating effect on people's lives. The U.S. represents the single largest geography for Amicus to positively impact the lives of people with Pompe disease. The FDA has set a Prescription Drug User Fee Act action date of May 29, 2022 for the NDA and July 29, 2022 for the BLA. The BLA and NDA are based on the evaluation of the effects of AT-GAA in Pompe disease patients and its safety profile, which include data from the Phase 1/2 and Phase 3 PROPEL studies as well as data from the open-label extension study.
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FOLD ARYD | Hot Stocks06:33 EDT Amicus, Arya Sciences Acquisition Corp IV to form genetic medicine company - Amicus Therapeutics (FOLD) announced its intent to launch a next-generation genetic medicine company, Caritas Therapeutics, through a definitive business combination agreement pursuant to which the Amicus gene therapy business will be acquired by ARYA Sciences Acquisition Corp IV (ARYD), a special purpose acquisition company or SPAC, sponsored by Perceptive Advisors. The transaction will result in two independent publicly traded companies with attractive stand-alone investment profiles. Amicus will become the largest shareholder in Caritas with a ~36% ownership stake (assuming no redemptions by ARYA's shareholders) and retain co-development and commercialization rights to the Fabry and Pompe gene therapy programs as well as negotiation rights on select future muscular dystrophy programs. Upon consummation of the business combination, current Amicus Chairman and Chief Executive Officer John F. Crowley will lead Caritas as Chairman and Chief Executive Officer and will become the Chairman Emeritus and Chief Strategic Advisor for Amicus. Current Amicus President and Chief Operating Officer Bradley Campbell will be named as Chief Executive Officer of Amicus. Amicus expects to incur charges related to the transaction during the reporting periods preceding the separation and does not otherwise expect this to impact Amicus' financial guidance for 2021. In connection with the closing of the transaction, in addition to its renaming, ARYA IV will redomicile as a Delaware corporation and its common stock is expected to be listed on Nasdaq under the ticker symbol "SPES", the Latin word for hope. In addition to the approximately $150 million held in ARYA IV's trust account, assuming no redemptions are effected, a group of leading global investors has committed to participate in the transaction through a common stock private investment in public equity (PIPE) of approximately $200 million at $10 per share. Investors in the PIPE include Perceptive Advisors, Redmile Group, Bain Capital Life Sciences, Invus, Avoro Capital Advisors, Surveyor Capital, Deerfield Management Company, Wellington Management and Sphera Healthcare. In connection with the business combination, Amicus will also invest $50 million in cash in Caritas in exchange for additional equity in Caritas. Together, Caritas is expected to receive proceeds of approximately $400 million at the closing of the transactions, assuming no redemptions are effected. Proceeds of the business combination and the PIPE are expected to be used to advance development of the Caritas gene therapy pipeline, discovery work, growth across its scientific teams and to support general corporate activities (including payment of certain transaction expenses). A condition to closing of the business combination transaction is that these cash proceeds are no less than $300 million in total. The boards of directors of both Amicus and ARYA IV have approved the proposed transaction. Completion of the transaction, which is expected in the fourth quarter of 2021 or early 2022, is subject to approval of ARYA IV's shareholders, delivery of the minimum $300 million in cash proceeds, and the satisfaction or waiver of certain other customary closing conditions.
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VLTA | Hot Stocks06:32 EDT Volta issued two new patents for EV charging station innovations - Volta has been issued two utility patents by the USPTO. The patent, titled Systems and Methods for Providing Targeted Advertisements to a Charging Station for Electric Vehicles, covers a variation of Volta's innovative method of providing targeted advertisements via EV charging stations. The patent's claims include selecting and then displaying an ad at a charging station being actively used to charge an EV based on information known about the individual using that station. When the station is not charging an EV, a different set of ads may be displayed based on certain demographic information related to the location of that charging station. The patent titled Charging Station with Articulating Panels, covers Volta's invention of an EV charging station equipped with two electronic displays. Each display is hinged to a panel on the opposite sides of the EV charger's frame so that the panels may open and close with respect to the frame. Volta has also been granted nine U.S. design patents for its charging station related designs, in addition to international patents.
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AZN | Hot Stocks06:32 EDT AstraZeneca exercises option to fully acquire Caelum Biosciences for $150M - The company states: "AstraZeneca's Alexion has exercised its option to acquire all remaining equity in Caelum Biosciences for CAEL-101, a potentially first-in-class fibril-reactive monoclonal antibody for the treatment of light chain amyloidosis. CAEL-101 is currently being evaluated in the Cardiac Amyloid Reaching for Extended Survival Phase III clinical program in combination with standard-of-care therapy in AL amyloidosis. Two parallel Phase III trials in patients with Mayo stage IIIa disease and in patients with Mayo stage IIIb disease respectively are ongoing. In 2019 Caelum and Alexion first entered into a collaboration whereby Alexion acquired a minority equity interest and an exclusive option to acquire the remaining equity in Caelum. Alexion currently consolidates Caelum and reflects a non-controlling interest of $150M. Upon closing the acquisition, which is expected to take place on 5 October 2021, Alexion will pay Caelum the agreed option exercise price of approximately $150M, with the potential for additional payments of up to $350M upon achievement of regulatory and commercial milestones." Reference Link
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KL | Hot Stocks06:15 EDT Kirkland Lake Gold suspends automatic share purchase plan - Kirkland Lake Gold reported that, following the announcement of a merger of equals agreement with Agnico Eagle Mines, the company has suspended its automatic share purchase plan effective September 28. The ASPP was launched on June 21 in connection with the company's normal course issuer bid to allow for share purchases that would not be subject to black-out periods or other restrictions. The current NCIB remains in effect on the same terms and conditions as previously disclosed. Under the current NCIB, the company can purchase up to 26,694,051 common shares until the expiry of the NCIB on June 8, 2022. A total of 3,392,100 common shares have been repurchased to date through the current NCIB, all of which were acquired through the ASPP.
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DEO | Hot Stocks06:13 EDT Diageo opens first carbon neutral whiskey distillery in North America - Diageo announced Tuesday that it has opened its first carbon neutral distillery in Lebanon, Kentucky. The site will support the local community with 30 full-time jobs while also sourcing 100% non-GMO corn locally, the comp[any said in a statement, adding that the 72,000 square-foot facility has the capacity to produce up to 10 million proof gallons per year and has begun distilling Bulleit Bourbon using electrode boilers that are powered by 100% renewable electricity throughout the cooking, distillation, and dry house processes. Bulleit is the first and lead brand being produced at the Lebanon Distillery -and supplements existing production at the nearby Bulleit Distilling Co. in Shelbyville, Kentucky, Diageo said. These technologies will allow the distillery to avoid approximately more than 117,000 metric tons of carbon emissions annually, the equivalent of taking more than 25,000 cars off the road for a year, it further stated.
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KW | Hot Stocks06:05 EDT Kennedy Wilson acquires 332-unit apartment community in Denver for $134M - Kennedy Wilson has acquired Griffis Marston Lake, a wholly owned 332-unit suburban apartment community in Denver, Colorado for $134M, excluding closing costs. Kennedy Wilson invested $62M of equity and secured a 10-year, $76M loan at a fixed-rate of 2.7%. Built in 2002, Griffis Marston Lake is an institutional-quality, garden-style community that sits on 16 acres in the West Denver submarket of Littleton. The property is expected to add approximately $5M of initial annual net operating income upon acquisition, which is projected to grow as Kennedy Wilson improves the renter experience on site. Renovation plans include investing approximately $6M to upgrade unit interiors and enhance amenities and common areas.
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DXCM | Hot Stocks06:03 EDT DexCom's G6 CGM System now covered in Manitoba for Type 1 diabetes - Dexcom reported that people with type 1 diabetes who are 25 years of age or under may now be eligible for provincial coverage of the Dexcom G6 CGM System through Manitoba Health and Seniors Care. Manitoba joins British Columbia, Saskatchewan, Yukon and Quebec in offering public coverage of CGM systems under provincial health plans. The Non-Insured Health Benefits Program also recently announced coverage for First Nations and Inuit children. As part of the Manitoba Health coverage program, users will now be able to order and pick up their Dexcom CGM supplies through their local pharmacy.
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FB | Hot Stocks06:01 EDT Senators Blackburn, Blumenthal to hold hearing with Facebook whistleblower - U.S. Senators Marsha Blackburn and Richard Blumenthal, Ranking Member and Chair of the Senate Commerce, Science, and Transportation Subcommittee on Consumer Protection, Product Safety, and Data Security, said they will convene a hearing on Tuesday, October 5, 2021 at 10:00 AM titled "Protecting Kids Online: Testimony from a Facebook Whistleblower." A Facebook whistleblower will testify at the hearing, they said in a statement. "I am grateful to the Facebook whistleblower for their willingness to speak about Facebook's concerning conduct," said Blackburn. "This whistleblower's testimony will be critical to understanding what Facebook knew about its platforms' toxic effects on young users, when they knew it, and what they did about it," said Blumenthal. On Thursday, September 30, Blumenthal and Blackburn are holding a hearing titled "Protecting Kids Online: Facebook, Instagram, & Mental Health Harms," where they will question Facebook's Global Head of Safety, Antigone Davis. The September 30 and October 5 hearings come after reporting in the Wall Street Journal on Facebook's knowledge of its platforms' negative impact on teenagers and young users. Reference Link
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AKAM | Hot Stocks06:01 EDT Akamai to acquire Guardicore for $600M - Akamai announced it has entered into a definitive agreement to acquire Tel Aviv, Israel-based Guardicore. Under terms of the agreement, Akamai has agreed to acquire all of the outstanding equity of Guardicore for approximately $600M, after giving effect to expected purchase price adjustments. The closing of the transaction, which is subject to customary closing conditions, is expected to occur in Q4. For FY22, the Guardicore acquisition is anticipated to provide about $30M-$35M in revenue, and Akamai's non-GAAP operating margin is anticipated to be in the range of approximately 29%-30%. The company's non-GAAP operating margin is expected to return to at least 30% for fiscal year 2023. On its next quarterly call currently scheduled for November 2, the company plans to provide Q3 financial results and FY21 financial guidance including any expected impact from Guardicore.
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CLDX | Hot Stocks05:37 EDT Celldex presents data from ongoing CDX-0159 trial - Celldex announced data on measurements of symptom control and quality of life from the company's ongoing, open label Phase 1b clinical trial of CDX-0159 in patients with antihistamine refractory cold urticaria and symptomatic dermographism, the two most common forms of chronic inducible urticaria. These diseases, which are often severe and debilitating, can significantly impact patients' lives. CDX-0159 is a humanized monoclonal antibody that specifically binds the receptor tyrosine kinase KIT with high specificity and potently inhibits its activity. A single dose of CDX-0159 resulted in a rapid and sustained improvement in urticaria control and greatly reduced disease impact on quality of life, as measured by the Urticaria Control Test, or UCT, and Dermatology Life Quality Index, or DLQI. These data build on the previously reported results which demonstrated responses in 100% of patients with 95% achieving complete response, as assessed by provocation testing and FricTest. As of the data cut-off on August 13, 21 patients had received a single intravenous infusion of CDX-0159 at 3 mg/kg, including 11 patients with cold urticaria and 10 patients with symptomatic dermographism; 20 of 21 patients completed the 12-week study observation period and one was ongoing. Safety results are reported for all 21 patients; Urticaria Control Test, or UCT, Dermatology Life Quality Index, or DLQI, and provocation test data are reported for the 20 patients who received a full dose of CDX-0159. In patients with chronic inducible urticaria refractory to antihistamines, a single dose of CDX-0159 resulted in rapid, profound, and durable responses in 100% of patients with 95% achieving complete response, as assessed by provocation testing and as previously reported. Response to provocation testing was also accompanied by markedly improved and sustained urticaria control and quality of life: A single dose of CDX-0159 resulted in rapid improvement in urticaria control as measured by the UCT score, within four weeks which was sustained to week 12. Overall, 80% and 100% of patients achieved "well controlled" status by week 4 and 8, respectively. A total of 63% of patients achieved "complete control" status by week 8. In Sum, 93% and 92% of patients achieved at least a four-point reduction in the DLQI scale by week 4 and 8, respectively, the defined "minimal clinically important difference." This assessment continued to improve or was maintained over the course of 12 weeks. Lastly, 58% and 68% of patients achieved a DLQI score of 0-1 by week 4 and 8, respectively and generally maintained improvement through 12 weeks. Rapid and durable improvement in provocation response mirrored reduction in tryptase. CDX-0159 was generally well tolerated. The UCT consists of four questions used to assess disease control in patients with chronic urticaria. UCT 12 is well controlled and UCT 16 is complete control. The DLQI consists of ten questions used to measure the impact of skin disease on patient quality of life. DLQI 0-1 indicates no effect on a patient's life. The Phase 1b study is an open label clinical trial designed to evaluate the safety of a single dose of CDX-0159 in patients with cold urticaria, symptomatic dermographism and cholinergic urticaria who are refractory to antihistamines. Patients' symptoms are induced via provocation testing that resembles real life triggering situations. Secondary and exploratory objectives include pharmacokinetic and pharmacodynamic assessments, including changes from baseline provocation thresholds, measurement of tryptase and stem cell factor levels, clinical activity outcomes, quality of life assessments and measurement of tissue mast cells through skin biopsies. CDX-0159 is administered intravenously as add on treatment to H1-antihistamines and patients are followed for 12 weeks after dosing, with an optional longer term follow up period.
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TNT | Hot Stocks05:29 EDT Peak Fintech Group voluntarily withdraws Form 40-F - Peak Fintech Group announced that it has voluntarily withdrawn its Form 40-F filed with the U.S. Securities and Exchange Commission while it works to comply with recent disclosure guidance provided by the SEC for companies either based in China or with the majority of their operations in China. Without an effective Form 40-F filed with the SEC to register the company's common shares under Section 12 of the Securities Exchange Act of 1934, the company's common shares will no longer be listed on the Nasdaq Capital Market as of immediately prior to market open on Thursday September 30. Peak's application to list on the Nasdaq was made under the Multijurisdictional Disclosure System, or MJDS, which was jointly adopted by the SEC and the Canadian Securities Administrators. The Company has been cooperating with the SEC and plans to submit an amended Form 40-F that highlights the concerns referenced in the guidance as soon as practicable. Peak will keep Nasdaq informed of its progress with the amended Form 40-F, which Peak hopes will lead to having a revised Form 40-F be declared effective by the SEC on an expedited basis so that the company's common shares will be listed on the Nasdaq as soon as possible.
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ADXN | Hot Stocks05:25 EDT Addex Therapeutics initiates dipraglurant study - Addex Therapeutics announced the initiation of a Phase 2a clinical study with dipraglurant as a potential treatment for blepharospasm, a type of dystonia characterized by involuntary contractions or spasms of the eyelid muscles resulting in sustained eyelid closure, which can result in substantial visual disturbance or functional blindness. Dipraglurant selectively targets the metabotropic glutamate receptor subtype 5 to downregulate neurotransmission through allosteric modulation.
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ATRA | Hot Stocks05:21 EDT Atara Biotherapeutics to present new ATA188 data at ECTRIMS - Atara Biotherapeutics announced the upcoming full release of new translational data and two-year open-label extension, or OLE, clinical data from the study of ATA188 in progressive multiple sclerosis, or MS. The findings will be presented as an ePoster at the 37th Congress of the European Committee for Treatment and Research in Multiple Sclerosis, or ECTRIMS, taking place virtually October 13-15. The presentation includes new imaging data on magnetization transfer ratio, or MTR, a biomarker of myelination status that may be tied to improvements in expanded disability status scale as seen with ATA188. As reported in the full abstract, the data demonstrate that ATA188 continues to be well-tolerated. Of 24 patients evaluated for efficacy in the initial 12-month period, 18 chose to participate in the OLE and as of April, have been followed for up to 33 months. Nine patients met sustained disability improvement, or SDI, criteria, a composite scale combining confirmed improvement in either the EDSS score or timed 25-foot walk test in the initial 12-month period or in the OLE. Of these nine patients, seven achieved SDI via sustained EDSS improvement. Eight patients that achieved SDI at any point in the study participated in the OLE. A relationship between dose-escalation and increasing clinical response was observed, with a higher proportion of patients achieving SDI at higher doses. No grade greater than3 adverse events (AE), dose-limiting toxicities, cytokine release syndrome, graft versus host disease, or infusion-related reactions were observed. Changes in MTR, reflecting myelination status, may provide insights into the mechanism of EDSS improvement in clinical assessment of ATA188 and was assessed in all patients. At 12 months, the seven patients achieving SDI by EDSS showed increases in MTR versus those that did not have EDSS improvement. The increase in MTR suggests increased myelin density in the central nervous system of patients receiving ATA188. Updated OLE data of up to 33 months follow-up continue to support the durability of disability improvement following ATA188 treatment. Of the eight patients who achieved SDI and entered the OLE, seven maintained SDI at all subsequent timepoints. One patient with secondary progressive multiple sclerosis, or SPMS, achieved SDI at 15 months and experienced a non-treatment related relapse at 18 months, occurring approximately six months after the last ATA188 dose, and elected to discontinue the study. Further detail on the MTR data, as well as updated safety and efficacy data for up to 39 months follow-up in the OLE will be presented on October 13 in the ePoster presentation. In a separate ePoster, Atara will also present encore data profiling and evaluating the functionality and proliferation potential of ATA188 following antigen exposure. This analysis of ATA188 lots produced from diverse human leukocyte antigen, or HLA, donors demonstrates a manufacturing process showing consistent functional activation and productive effector responses.
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DELL... | Hot Stocks05:17 EDT Dell Technologies, JD.com and Dada Nexus expand partnership - Dell Technologies (DELL), JD Group (JD) and Dada Group (DADA), announced that they will expand their partnership in promoting the digital transformation of physical stores, creating an omni-channel retail model and one-hour living circle, or services ecosystem, for digital products. The companies signed an agreement in Beijing on September 27. To date, 79 Dell retail stores and 123 of Dell's ALIENWARE retail stores in China have launched on JD.com and JD Daojia, Dada's on-demand retail platform. When Chinese consumers order via JD.com and the JDDJ platform, digital products are delivered to them from the nearest Dell store within one hour by Dada's delivery riders. In the future, the three companies will partner to further expand the service radius of one-hour delivery, bringing convenient shopping experience of digital products to more consumers. In the partnership, the three companies will collaborate in product management and digital marketing, in the meantime refine user operation and optimization of fulfillment efficiency.
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FSM | Hot Stocks05:13 EDT Fortuna Silver Mines to proceed with construction of open pit mine at Seguela - Fortuna Silver Mines announced that the board has made a decision to proceed with the construction of an open pit mine at the Seguela gold Project in Cote d'Ivoire. The company is ready to immediately commence construction with long lead items procured, and development teams established on the ground. In July, Fortuna completed the acquisition of Roxgold which was advancing the Seguela Project. The updated Seguela Project total initial capital investment is $173.5M. A total of $11.5M of this amount has previously been approved by the board for early works items. The anticipated construction schedule is approximately 20 months, with ramp-up to name plate capacity expected in the third quarter of 2023.
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NOK | Hot Stocks05:10 EDT Nokia receives ISO 9001 certification for patent portfolio management - Nokia announced that it has achieved ISO 9001 certification for its patent portfolio management. The independent certification assessed every step of Nokia's patent portfolio management process covering the entire lifetime of the patents and resulted in the awarding of the ISO 9001 certification.
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EQIX | Hot Stocks05:09 EDT Equinix chosen by i3D.net to support gaming platform - Equinix has been chosen by application hosting and infrastructure service provider i3D.net to support its global gaming platform. Acquired by one of the world's largest game publishers, Ubisoft, i3D.net provides a low-latency network and has partnered with Equinix to gain proximity to its end users following an uptick in activity.
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