Stockwinners Market Radar for October 25, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
KAR | Hot Stocks16:25 EDT KAR Auction hires James Coyle as Chief Digital Officer - KAR Auction has hired James Coyle as Chief Digital Officer. Coyle was most recently the CEO at RealSelf, a digital marketplace connecting consumers with physicians for medical and cosmetic procedures. Prior to that, Coyle was the chief customer officer at Varsity Tutors.
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SSD | Hot Stocks16:23 EDT Simpson Manufacturing sees FY21 CapEx $55M-$60M - For FY21: Operating margin is estimated to be in the range of 20.0%-22.0%. The effective tax rate is estimated to be in the range of 25.0% to 26.0%, including both federal and state income tax rates.
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AZN | Hot Stocks16:23 EDT AstraZeneca's IMFINZI combo met primary endpoint in Phase III trial - Positive high-level results from the TOPAZ-1 Phase III trial showed AstraZeneca's IMFINZI, in combination with standard-of-care chemotherapy, demonstrated a statistically significant and clinically meaningful overall survival benefit versus chemotherapy alone as a 1st-line treatment for patients with advanced biliary tract cancer. At a predefined interim analysis, the Independent Data Monitoring Committee concluded that the trial met the primary endpoint by demonstrating an improvement in OS in patients treated with IMFINZI plus chemotherapy versus chemotherapy alone. The combination also demonstrated an improvement in progression-free survival and overall response rate, key secondary endpoints. IMFINZI plus chemotherapy was well tolerated, had a similar safety profile versus the comparator arm and did not increase the discontinuation rate due to adverse events compared to chemotherapy alone.
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EQBK | Hot Stocks16:20 EDT Equity Bancshares to sell Kansas branches to United Bank & Trust - Equity Bank, a subsidiary of Equity Bancshares, announced the entry into a definitive purchase and assumption agreement with United Bank & Trust in Marysville, Kansas with UBT acquiring certain assets and assuming deposits of bank locations in Concordia, Belleville and Clyde, Kansas from Equity Bank. UBT and Equity anticipate completing the acquisition in Q2 of 2022. Following completion of the merger, Equity and UBT will work together with local team members, customers, and each community to ensure transitions for customers. The purchase and assumption of the three branches are subject to regulatory approval and satisfaction of customary closing conditions.
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RAND | Hot Stocks16:19 EDT Rand Capital CEO Allen Grum to retire effective December 1st - Rand Capital announced that Allen F. "Pete" Grum, President and CEO of Rand, intends to retire effective December 1, 2021. Mr. Grum will remain as a member of the Board of Directors of the Company and has been appointed Vice Chair of the Board of Directors of the company effective December 1, 2021. As a result of Mr. Grum's pending retirement, the Board of Directors has appointed Daniel Penberthy, Executive Vice President, Treasurer, CFO and Secretary of the Company, to serve as President and CEO of the Company effective December 1, 2021. In addition, Margaret Brechtel, Vice President of Finance, will succeed Mr. Penberthy as Executive Vice President, Treasurer, CFO and Secretary of the Company, also effective December 1, 2021.
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AIG | Hot Stocks16:18 EDT AIG names names Shane Fitzsimons as new CFO - American International Group "announced senior leadership changes as part of the separation of the Life & Retirement business. AIG announced that effective January 1, 2022, Mark Lyons, currently Executive Vice President and CFO, AIG, will step into a newly created role of Executive Vice President, Global Chief Actuary and Head of Portfolio Management, AIG. In this role, Mr. Lyons will oversee AIG's global actuarial and ceded reinsurance functions, as well as lead ongoing improvements and repositioning in AIG's commercial and personal insurance portfolio. When Mr. Lyons transitions to his new role, Shane Fitzsimons will become Executive Vice President and CFO, AIG. Mr. Lyons and Mr. Fitzsimons will both continue reporting to Mr. Zaffino and remain members of AIG's Executive Leadership Team. AIG also announced today that Elias Habayeb, currently Chief Financial Officer, General Insurance and Deputy Chief Financial Officer, AIG, has been named Chief Financial Officer for AIG's Life & Retirement business, effective immediately. Mr. Habayeb is replacing current Life & Retirement Chief Financial Officer, Tom Diemer, who is leaving the company to pursue other opportunities. As part of the ongoing work to separate the Life & Retirement business, including portions of AIG's Investments unit, Elaine Rocha, currently Global Chief Operating Officer, Reinsurance, has been promoted to Global Chief Investment Officer, AIG, effective immediately. She reports to Mr. Lyons and will transition to reporting to Mr. Fitzsimons in January 2022. Ms. Rocha will lead the Investments unit that will remain with AIG."
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HESM | Hot Stocks16:15 EDT Hess Midstream Partners raises quarterly dividend by 1.2% to 51c per share - The distribution will be payable on November 12, 2021 to shareholders of record as of the close of business on November 4, 2021.
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FB | Hot Stocks16:12 EDT Facebook narrows 2021 total expenses view to $70B-$71B from $70B-$73B - Facebook said: "We expect 2021 total expenses to be in the range of $70-71 billion, updated from our prior outlook of $70-73 billion. We anticipate our full-year 2022 total expenses will be in the range of $91-97 billion, driven by investments in technical and product talent and infrastructure-related costs. We expect 2021 capital expenditures to be approximately $19 billion, updated from our prior estimate of $19-21 billion. For 2022, we expect capital expenditures to be in the range of $29-34 billion, driven by our investments in data centers, servers, network infrastructure, and office facilities. We expect our fourth quarter 2021 tax rate to be in the high-teens. Absent any changes to U.S. tax law, we would expect our full-year tax rate in 2022 to be similar to the full-year 2021 rate. Please note that our outlook for 2022 expenses, capital expenditures and tax rate are preliminary estimates as we have not finalized our 2022 budget."
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FDMT | Hot Stocks16:11 EDT 4D Molecular announces interim data from 4D-310 trial - 4D Molecular announced interim clinical data from the Phase 1/2 clinical trial of intravenous 4D-310 in patients with Fabry disease. The company also provided a clinical data update from the on-going Phase 1/2 clinical trial of 4D-110 in patients with choroideremia. The data described are from the ongoing Phase 1/2 dose-escalation and dose-expansion clinical trial assessing intravenous 4D-310, 4DMT's targeted and evolved C102 vector-based product candidate designed for a broad Fabry disease patient population. The primary endpoint of the trial is safety and tolerability. Key secondary endpoints include change from baseline in serum AGA activity and serum lyso-Gb3. The data cutoff date was October 12. As of the data cut-off date, three patients with Fabry disease were enrolled, with post-treatment follow-up ranging from six weeks to six months. These patients were enrolled in the 1E13 vg/kg cohort, the lower of two planned dose escalation cohorts: 1E13 vg/kg and 3E13 vg/kg. Prior to dose-escalation, the trial is designed to allow enrollment of an additional 6 patients in the 1E13 vg/kg dose cohort. An oral corticosteroid prophylaxis taper was administered over 10 weeks post-dosing. All three patients currently enrolled are patients with classic Fabry disease, defined as having AGA activity less than 5% of mean normal in peripheral blood white cells and having one or more clinical characteristics such as acroparesthesia, hypohidrosis, angiokeratoma or cornea verticillata. Consistent with the classic Fabry disease phenotype, all three patients had serum AGA activity below mean normal at baseline, ranging from 0 - 0.42 nmol/hr/mL. All three patients had prior experience on enzyme replacement therapy, or ERT. Patients 1 & 3 were enrolled while receiving ERT. Patient 2 had prior experience with ERT but was not receiving ERT for 13 months prior to dosing. Consistent with prior ERT use, each patient had positive baseline anti-AGA antibody titers. Following 4D-310 infusion, mean serum AGA enzyme activity was within, or significantly above, the normal range in all three patients, despite pre-treatment anti-AGA antibody titer positivity in all patients. Lyso-Gb3 substrate concentrations in serum decreased significantly in Patient 2, who enrolled in the trial OFF-ERT and therefore with an elevated lyso-Gb3 level. Lyso-Gb3 substrate concentrations in serum remained low and stable in Patients 1 and 3 following discontinuation of ERT. 4D-310 demonstrated a manageable safety profile in all three patients. No dose-limiting toxicities were observed. No serious adverse events were reported with Patient 1 and 3, and these patients did not have either atypical hemolytic uremic syndrome, or aHUS, or liver toxicity, which are the two primary class-related toxicities associated with systemically administered AAV. Patient 2 developed transient, self-limited aHUS within approximately one week following treatment and was admitted to the hospital for observation and hydration and was discharged after four days. As a result of hospitalization, this event was classified as a serious adverse event, or SAE. The patient received no complement inhibitors; kidney function recovered without further intervention Laboratory parameters improved daily throughout this observation period, and no lasting clinical sequelae resulted. Transient and asymptomatic grade 1 transaminitis was also observed in this patient at a separate and single protocol-defined timepoint. No other SAEs were reported. -110 is currently being studied in an ongoing Phase 1/2 dose escalation clinical trial in patients with choroideremia. To date, six patients with clinically advanced choroideremia have been enrolled. A standard 3+3 dose escalation design was used. Patients were enrolled in one of two dose cohorts: 3E11 vg/eye and 1E12 vg/eye. To date, at the 3E11 vg/eye dose, 4D-110 was well-tolerated with no dose-limiting toxicities or serious adverse events. Initial signals of clinical activity were observed at this dose, through anatomical measurements of the retinal pigment epithelium by fundus autofluorescence area and photoreceptors by ellipsoid zone area. We expect to continue enrolling at the 3E11 vg/eye dose level. At the 1E12 vg/eye dose, pigment dispersion was observed in three patients in the 1E12 vg/eye cohort 7 to 9 months following treatment. Two cases were asymptomatic and one patient reported mild glare. In each case the investigator described this as an SAE but no hospitalization or medical intervention was initiated. We believe this pigment dispersion finding is consistent with REP1 transgene overexpression in iris pigment epithelial cells, or IPE; no association with inflammation was evident.
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FB | Hot Stocks16:11 EDT Facebook announces new financial reporting segment structure - Facebook said: "Starting with our results for the fourth quarter of 2021, we plan to break out Facebook Reality Labs, or FRL, as a separate reporting segment. As we have discussed, we are dedicating significant resources toward our augmented and virtual reality products and services, which are an important part of our work to develop the next generation of online social experiences. The new segment disclosures will provide additional information on the performance of FRL and the investments we are making. Under this reporting structure, we will provide revenue and operating profit for two segments: The first segment, Family of Apps, will include Facebook, Instagram, Messenger, WhatsApp and other services. The second segment, Facebook Reality Labs, will include augmented and virtual reality related hardware, software and content. We expect our investment in Facebook Reality Labs to reduce our overall operating profit in 2021 by approximately $10 billion. We are committed to bringing this long-term vision to life and we expect to increase our investments for the next several years. Ahead of the fourth quarter earnings call, we will share additional details about the reporting format of our segmented financials... Beginning in the fourth quarter of 2021, we will implement a new financial reporting segment structure with the following two reportable segments: Family of Apps, or "FoA," which includes Facebook, Instagram, Messenger, WhatsApp and other services; and Facebook Reality Labs, or "FRL," which includes augmented and virtual reality related consumer hardware, software and content."
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JOBY | Hot Stocks16:10 EDT Joby Holdings merges with and into Joby Aviation - Joby Aviation confirmed the simplification of Joby's corporate structure. Joby Holdings, Inc., a Delaware corporation, a former stockholder of Joby and holding company through which employees of Joby indirectly held interests in Joby stock, was merged with and into Joby earlier today. As a result of this action, stockholders of Joby Holdings were directly issued a corresponding number of shares in Joby Aviation, Inc. Simultaneously, all shares of Joby which were held by Joby Holdings were cancelled, resulting in no dilution to holders of Joby stock. None of these changes result in a change in the directors, executive officers, management or business of Joby. Immediately prior to this change, Joby Holdings held approximately 16% of the total outstanding shares of Joby.
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ASRV | Hot Stocks16:10 EDT Ameriserve Financial signs new four-year labor contract with USW - AmeriServ Financial and United Steelworkers - USW - Local 2635-06 have agreed to a new four-year contract. Unionized employees voted to accept the contract on October 24. The new contract covers the workforce through October 15, 2025. Key financial terms of the new contract include annual wage increases of 2% with key provisions of existing health care coverage remaining unchanged for union employees. Additionally, a signing bonus of $300 for full time union employees and $150 for part-time union employees will be paid as a result of the timely ratification of the contract. Finally, a new retail sales and service associate job position was added.
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FB | Hot Stocks16:09 EDT Facebook announces $50B increase in share repurchase authorization - Facebook said: "We repurchased $14.37 billion of our Class A common stock in the third quarter and had $7.97 billion remaining on our prior share repurchase authorization as of September 30, 2021. We also announced today a $50 billion increase in our share repurchase authorization."
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CNVY | Hot Stocks16:08 EDT Convey Holding Parent to change name to Convey Health Solutions Holdings - Convey Holding Parent announced plans to change its corporate name to Convey Health Solutions Holdings, and such change is expected to be effective on November 4. The name change will have no impact on Convey's operations. Convey's ticker symbol on the New York Stock Exchange will remain "CNVY."
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SCOR | Hot Stocks16:07 EDT Comscore names Jon Carpenter as CFO, effective November 29 - Comscore announced the appointment of Jon Carpenter as CFO. Carpenter, who will start November 29, joins Comscore as the company continues to capitalize on the transformational marketplace opportunities and executes on its mission to shape the next generation of advanced audience and advertising measurement. Carpenter has served as CFO at Publishers Clearing House since 2016.
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FB | Hot Stocks16:07 EDT Facebook reports MAUs of 2.91B as of September 30, up 6% year-over-year - Facebook reports daily active users, or DAUs, were 1.93 billion on average for September 2021, an increase of 6% year-over-year. Reports monthly active users, or MAUs, were 2.91 billion as of September 30, 2021, an increase of 6% year-over-year. Reports family daily active people, or DAP, was 2.81 billion on average for September 2021, an increase of 11% year-over-year. Reports family monthly active people, or MAP, was 3.58 billion as of September 30, 2021, an increase of 12% year-over-year.
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EFSC | Hot Stocks16:07 EDT Enterprise Financial board raised quarterly dividend 5% to 20c per share - The company's Board of Directors unanimously approved a quarterly dividend of $0.20 per common share, payable on December 31, 2021 to shareholders of record as of December 15, 2021, an increase of $0.01, or 5.0%, compared to the third quarter.
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FB | Hot Stocks16:06 EDT Facebook reports DAUs 1.93B on average for September, up 6% year-over-year
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AZYO MDT | Hot Stocks16:05 EDT Medtronic informs Aziyo of decision to cease distribution of CBM products - Aziyo Biologics (AZYO) announced that it was informed by Medtronic (MDT) that, after conducting a thorough review of customer and patient needs, Medtronic has made the decision to cease distribution of Cellular Bone Matrix, or CBM, products. As a result of this decision, the two companies are working toward a mutual termination of their FiberCel distribution agreement.
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UNP | Hot Stocks16:03 EDT Union Pacific taking measures to alleviate supply chain congestion - Union Pacific announced additional steps to reduce global supply chain congestion. Union Pacific will run a pilot program through Dec. 31, offering a $60 per container refund to its ocean carrier customers for each container in-gated on Saturdays and Sundays at its near-port Intermodal Container Transfer Facility in Long Beach, California. The refund will apply to containers in-gated incremental to each customer's current 2021 weekend average. Union Pacific recently increased gate access to 24/7 at ICTF, adding 20 weekend hours. The move supports the Ports of Los Angeles' and Long Beach's recent move to 24/7 operations. Other steps Union Pacific has taken include the reopening of its Global III terminal outside Chicago and its Englewood terminal in Houston, providing additional inland storage capacity. Union Pacific has also shuttled freight to less stressed terminals within the same metroplex.
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BSY | Hot Stocks16:02 EDT Bentley Systems expands Bentley Education program - The company states: "Bentley Systems announced the global expansion of the Bentley Education program - offering seamless access to learning licenses of over 60 popular Bentley applications, at no cost, to all eligible students and educators, from middle schools through higher education levels, via the Bentley Education portal. Following on the initial May 3, 2021 announcement of the launch of Bentley Education in the pilot countries of Australia, the UK, Singapore, Lithuania, and Ireland, the program is gaining a resounding response, with more than 500,000 students and educators across many countries visiting the Bentley Education portal. Now, with global expansion, the Bentley Education program is accessible to all students and educators at middle schools, high schools, community colleges, polytechnics, institutes, and universities across the world to employ Bentley applications in their classrooms, labs, and at home."
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STT C | Hot Stocks15:39 EDT State Street names Brad Hu as Chief Risk Officer, succeeding Andrew Kuritzkes - State Street (STT) announced that it has named Brad Hu its chief risk officer, effective January 1, 2022. Hu succeeds Andrew Kuritzkes, who is retiring from State Street. Hu will join the company in November as a member of its Executive Committee for a transition period with Kuritzkes. Hu was previously the chief risk officer at Citigroup (C) for eight years.
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DVA | Hot Stocks15:38 EDT DaVita to divest three Provo-area clinics, have limits in future deals, FTC says - The Federal Trade Commission issued a proposed order imposing strict limits on future mergers by DaVita. The order follows allegations that DaVita's proposed acquisition of the University of Utah Health's dialysis clinics would reduce competition in vital outpatient dialysis services in the Provo, Utah market. Under the proposed order, DaVita is required to divest three Provo-area dialysis clinics to Sanderling Renal Services, Inc. and prohibited from entering into or enforcing non-compete agreements and other employee restrictions. The FTC investigated this case in collaboration with the Utah Attorney General's Office, the Commission noted. "The proposed order limiting future transactions marks the FTC's return to the standard use of prior approval. It was accompanied by the announcement of the agency's new Prior Approval Policy Statement putting industry on notice that the FTC's orders will once again routinely require prior approval for future transactions affecting each relevant market for which a violation was alleged, for a minimum of ten years. These actions build upon the FTC's rescission of a decades-old policy that curtailed what used to be a long-established practice of requiring merging parties subject to a Commission order to obtain prior approval," the FTC stated. Reference Link
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ANNX | Hot Stocks15:04 EDT Annexon treatment of Huntington's Disease granted FDA orphan designation - According to a post on the FDA's website, Annexon's treatment of Huntington's Disease was granted orphan designation. Reference Link
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ANNX | Hot Stocks15:02 EDT Annexon treatment of Huntington's Disease granted FDA orphan designation - According to a post on the FDA's website, Annexon's treatment of Huntington's Disease was granted orphan designation. https://www.accessdata.fda.gov/scripts/opdlisting/oopd/detailedIndex.cfm?cfgridkey=843121
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MREO | Hot Stocks14:58 EDT Mereo BioPharma treatment of Alpha-1 Antitrypsin Deficiency gets orphan status - Mereo Biopharma's treatment of Alpha-1 Antitrypsin Deficiency was granted orphan status by the FDA, according to a post to the agency's website. Reference Link
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GE | Hot Stocks14:33 EDT GE Healthcare says will showcase over 15 radiation therapy solutions at ASTRO 21 - GE Healthcare announced that it will show over 15 "innovative multi-modality radiation therapy solutions" at this year's ASTRO 2021 event, "offering medical practitioners imaging tools and support they need to improve patient-centered care and advance the practice of precision medicine." Jan Makela, President & CEO, Imaging at GE Healthcare, said: "GE Healthcare aims to drive improved patient outcomes through cutting-edge multi-modality radiation therapy planning and guidance solutions. Our expertise in clinical workflows, deep learning image reconstruction and image segmentation, and precision analytics can help support the delivery of more efficient, precise and personalized care."
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NLST | Hot Stocks14:30 EDT Netlist says granted summary judgements by court in case against Samsung - Netlist announced earlier that the Federal District Court for the Central District of California has granted summary judgements in favor of Netlist and against Samsung for material breach of various obligations under the Joint Development and License Agreement, or JDLA, which the parties executed in November 2015. "A summary judgment is a final determination rendered by the judge and has the same force and effect as a final ruling after a jury trial in litigation. The Court also held that Netlist properly terminated the JDLA and confirmed that Samsung no longer has a valid license to Netlist's patent portfolio. The jury is left to decide on direct damages related to the breach of contract during the trial set to commence on November 30, 2021 in the Central District of California," the company announced. Reference Link
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TSLA... | Hot Stocks14:26 EDT Tesla market cap exceeds $1T after Hertz deal - Tesla's (TSLA) market capitalization briefly surpassed $1T before the price fell once again after Hertz (HTZZ) announced an order of 100,000 Tesla vehicles as part of efforts to electrify its fleet. The Fly notes that the milestone put Tesla in the rare company of other $1T market cap companies, including Apple (AAPL), Amazon (AMZN), and Microsoft (MSFT). Shares of Tesla are up 11.5% to over $1,000 in afternoon trading.
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CLSD | Hot Stocks14:14 EDT FDA posts approval of Clearside Biomedical's Susvimo injection - Reference Link
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NFLX... | Hot Stocks14:11 EDT S&P upgrades Netflix issuer credit rating to 'BBB' from 'BB+' - S&P Global Ratings announced that it raised its ratings on Netflix, including its issuer credit rating and issue-level ratings, to 'BBB' from 'BB+' S&P stated: "Our improved view of Netflix's cash flow prospects supports its business strength. The upgrade reflects our improved view of the company's business relative those of many of its diversified media peers (such as ViacomCBS Inc., Fox Corp., and Discovery Inc.). We now assess Netflix's business risk profile as strong. This is the same level as our assessment of Disney's business risk, though we still view Disney's overall business as more favorable due to its iconic franchises, which it monetizes across its movies, television, and theme parks. The improvement in our assessment of the company's business recognizes the progress it has made in translating its scale and strong brand into a sustainably free cash flow generative business. This is pivotal because of Netflix's need to make significant investments for programming content to keep increasing its subscriber numbers, which had led to much weaker cash flows compared to Netflix's media peers. However, as the company has continued to scale and build its content library, the expansion in its content spending has moderated. Thus, we now forecast that it will generate sustainably positive FOCF starting in 2022. This pivot to a more mature and cash generative business (with increasing operating margins and cash flow), coupled with its strong brand and global OTT leadership position, distinguish it from most of its peers that are still in the early stages of building their own scaled OTT services."
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MQ UBER | Hot Stocks14:09 EDT Uber Freight, Marqeta partner to offer faster payments, fuel rewards - Marqeta (MQ) announced it is partnering with Branch, a workforce payments platform, and Uber Freight (UBER) to bring fast, reliable payments and carrier-first financial services to the logistics and transportation industries. Uber Freight's driver-first carrier tools empower trucking companies and their drivers to book loads and manage their businesses seamlessly. To expand their offerings and extend that speed, control, and transparency to the carrier payment experience, Uber Freight has partnered with Marqeta and Branch. "We're seeing growing demand for faster payments that better reflect the real-time nature of today's workers," said Renata Caine, SVP of International, Strategy and Planning, Marqeta. "Uber Freight is a leader in the transportation industry and their deep knowledge of logistics makes them a fantastic partner to bring our modern card issuing and Branch's accelerated payments to a new market."
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CMTL | Hot Stocks13:46 EDT Comtech 'disappointed' by Outerbridge's 'highly misleading' comments - Comtech Telecommunications confirmed receipt of a letter from Outerbridge Capital Management and has issued the following statements: "Comtech maintains regular dialogue with all investors and values their perspectives. Since June 2021, our Board and management team have attempted to engage in constructive dialogue with Outerbridge. As such, we are disappointed by Outerbridge's inaccurate and highly misleading comments regarding our recently announced $100M investment from current shareholder White Hat Capital Partners, LP and Magnetar Capital LLC. This investment meaningfully enhances our ability to execute our strategic plan for creating long-term shareholder value, as our business has increasingly required significant capital in order to pursue growing market opportunities. While Outerbridge has oversimplified Comtech's ability to rely on its $300M revolving loan facility and materially overstated both the current size and available borrowing capacity under the credit facility, the fact of the matter is that this investment more than doubles our accessible capital to achieve our strategic objectives...The proceeds of the investment will be applied to a range of initiatives to further accelerate growth and profitability, including, but not limited to: Completing the build out of Comtech's new, state-of-the-art technology centers and advanced manufacturing capabilities to better allow the Company to capture value from the increasing demand for satellite ground station infrastructure and next-generation broadband technology. Continuing to pursue the Company's robust pipeline of opportunities to capitalize on the ongoing 911 upgrade cycle across the United States. Executing on a disciplined strategy of acquiring and integrating complementary technologies and capabilities, with a focus on creating shareholder value. Additional flexibility to optimize capital allocation and our return program. In addition, in connection with this investment from White Hat and Magnetar, we announced that Mark Quinlan, who brings more than 20 years of experience in the technology space, will be joining the Board in 2022. The addition of Mr. Quinlan complements the recent addition of Judy Chambers to our Board and will increase the Board's size to seven directors, of which five will be independent. Contrary to Outerbridge's insinuation, in line with Comtech's commitment to sound corporate governance, the investment agreement with White Hat and Magnetar does not contain any voting commitment for the Company's upcoming 2021 Annual Meeting. Additionally, to correct another false statement from Outerbridge, the holders of common shares actually vote side-by-side with the holders of preferred shares, as a single class, on the election of the director candidate nominated by holders of preferred shares. We remain open to constructive dialogue with Outerbridge even as we move forward to create value for all shareholders."
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BKKT | Hot Stocks13:44 EDT Bakkt Holdings Inc (Class A Stock) trading resumes
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FISV BKKT | Hot Stocks13:43 EDT Fiserv announces strategic relationship with Bakkt for crypto assets - Fiserv (FISV) announced a strategic relationship with Bakkt (BKKT), stating that the "combination of expansive capabilities from Fiserv, including the ability to move funds into and out of mobile wallets, with Bakkt's digital asset platform will enable practical uses of crypto and emerging asset classes." A future integration of Bakkt into the Carat omnichannel ecosystem from Fiserv will allow businesses to pursue new options for B2B and B2C payouts, loyalty programs, and transactions, all with crypto assets accessible via a digital asset wallet, Fiserv stated. In addition to innovating on new digital capabilities for merchants, Fiserv and Bakkt plan to introduce Bakkt technology that supports consumers' ability to buy, sell, and hold crypto assets to Fiserv financial institution clients, the companies noted.
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BKKT | Hot Stocks13:08 EDT Bakkt Holdings Inc (Class A Stock) trading halted, news pending
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CYN | Hot Stocks12:53 EDT CYNGN Inc trading resumes
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TSLA | Hot Stocks12:51 EDT Tesla hits $1 trillion market cap, shares up 9% to $989.94
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MRNA | Hot Stocks12:50 EDT EMA says Moderna booster may be considered for people 18 and over - The European Medicines Agency's human medicines committee has concluded that a booster dose of the COVID-19 vaccine Spikevax from Moderna may be considered in people aged 18 years and above. "This follows data showing that a third dose of Spikevax given 6 to 8 months after the second dose led to a rise in antibody levels in adults whose antibody levels were waning. The booster dose consists of half the dose used for the primary vaccination schedule," the agency said in a statement. It added, "The risk of inflammatory heart conditions or other very rare side effects after a booster is being carefully monitored. As for all medicines, EMA will continue to look at all data on the safety and effectiveness of Spikevax." Reference Link
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ZM | Hot Stocks12:49 EDT Zoom says auto-generated captions now available to free users - Zoom announced that auto-generated captions, also known as live transcription, are now available on all free Zoom Meetings accounts. This feature, which provides automatic captioning during a Zoom video call, is also available for paid Zoom Meetings and Zoom Video Webinars accounts. Reference Link
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CYN | Hot Stocks12:48 EDT CYNGN Inc trading halted, volatility trading pause
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RDW BA | Hot Stocks12:28 EDT Redwire up 32% after tweeting about inclusion on Orbital Reef project - Shares of Redwire (RDW) are up $3.90, or 32%, to $16.06 after the company tweeted about its involvement in the Orbital Reef project. Orbital Reef is a commercial space station being developed in partnership with Blue Origin, Sierra Space and Boeing (BA) Space.
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BA RDW | Hot Stocks12:26 EDT Redwire says 'proud to be' on Orbital Reef team along with Boeing, Blue Origin - Redwire Space (RDW) said in a tweet: "We are proud to be on the #OrbitalReef team, providing microgravity research, development and manufacturing; payload operations; and deployable structures like our ROSA solar arrays!" Orbital Reef is a commercial space station being developed in partnership with Blue Origin, Sierra Space and Boeing (BA) Space, noted Redwire. Reference Link
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RDW | Hot Stocks12:24 EDT Redwire Corporation trading resumes
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BA RDW | Hot Stocks12:24 EDT Redwire says 'proud to be' on OrbitalReef team along with Boeing, Blue Origin - Redwire Space (RDW) said in a tweet: "We are proud to be on the #OrbitalReef team, providing microgravity research, development and manufacturing; payload operations; and deployable structures like our ROSA solar arrays!" OrbitalReef is a commercial space station being developed in partnership with BlueOrigin, Sierra Space and Boeing (BA) Space, noted Redwire. Reference Link
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RDW | Hot Stocks12:19 EDT Redwire Corporation trading halted, volatility trading pause
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COIN | Hot Stocks12:12 EDT Coinbase seeing intermittent connectivity issues for some pages on Coinbase Pro - The Coinbase Support account stated on Twitter: "We're experiencing intermittent connectivity issues for some pages on Coinbase Pro (web and mobile). Trading does not appear impacted. Our team is investigating and working to fix - your funds are safe in the meantime." Reference Link
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GPRO | Hot Stocks12:04 EDT GoPro announces new high-performance battery, HERO10 Black firmware update - GoPro announced a new high-performance battery for HERO10 and HERO9 Black cameras that it says significantly increases cold temperature performance and extends video recording times in all conditions. The Enduro battery will be available for purchase at GoPro.com on November 30, GoPro said in a statement. GoPro also announced a firmware update for HERO10 Black that enables longer video recording times and extends battery life even with the camera's existing standard battery. The firmware update will be available by the end of October and HERO10 Black owners can update their cameras using the Quik app, the company added.
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CHH | Hot Stocks12:03 EDT Choice Hotels announces new corporate headquarters in North Bethesda, MD - Choice Hotels International announced it has executed a lease for a new corporate headquarters in North Bethesda, Maryland. The new headquarters will occupy over 105,000 square feet of office space in the mixed-use development of Pike & Rose, Choice said in a statement. "Between this new building in North Bethesda and our state-of-the-art technology center in Scottsdale, Arizona, which opened this month, we're thrilled to offer our associates best-in-class places to work," said Patrick Pacious, president and CEO, Choice Hotels. "Designed with our specific needs in mind, these amenity-rich facilities will help enable us to perform at our peak, so we can best serve our guests and hotel owners. Further, we're pleased to keep our headquarters in Maryland, which has been our home for over 50 years."
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MSB | Hot Stocks12:02 EDT Mesabi Trust falls -10.0% - Mesabi Trust is down -10.0%, or -$3.06 to $27.73.
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PINS | Hot Stocks12:01 EDT Pinterest falls -12.1% - Pinterest is down -12.1%, or -$7.02 to $51.04.
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SRLP | Hot Stocks12:01 EDT Sprague Resources falls -20.0% - Sprague Resources is down -20.0%, or -$4.38 to $17.57.
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XPEV | Hot Stocks12:01 EDT XPeng rises 11.1% - XPeng is up 11.1%, or $4.77 to $47.91.
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BE | Hot Stocks12:00 EDT Bloom Energy rises 33.7% - Bloom Energy is up 33.7%, or $6.81 to $27.00.
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BKKT | Hot Stocks12:00 EDT Bakkt rises 66.9% - Bakkt is up 66.9%, or $6.12 to $15.27.
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TSLA | Hot Stocks11:56 EDT Tesla requests business confidentiality treatment amid U.S. Autopilot probe - According to a memorandum sent to the National Highway Traffic Safety Administration on October 22, 2021, Tesla requested confidential business information treatment for the entirety of the information request submission as part of a U.S. federal investigation into the car maker's Autopilot driver assist system. Reference Link
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SSNLF BBY | Hot Stocks11:52 EDT Best Buy to soon offer reapairs for Samsung foldable phones - Samsung (SSNLF) announced that Best Buy (BBY) is now an Authorized Service Center where Samsung phone owners can can receive same-day repairs on most Samsung phones at over 100 Best Buy locations nationwide. Mobile devices eligible for service at Samsung Authorized Best Buy locations: All Samsung Galaxy S models from S8 through S21; All Samsung Galaxy Note models from Note8 through Note20, and; All Samsung Galaxy Z Flip and Galaxy Z Fold models, beginning early November. Reference Link
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SWX IEP | Hot Stocks11:52 EDT Carl Icahn sends open letter to Southwest Gas board of directors - Carl Icahn released an open letter to the board of directors of Southwest Gas Holdings. The letter says in part: "We are writing to reiterate what we suggested to John Hester in our first conversation and stated in our first letter. If SWX must complete the ill-advised Questar Pipelines deal and intends to follow through on its plan to issue up to $1 billion in equity and equity-linked securities, a rights offering to all existing shareholders is the best way to ensure that existing shareholders are not massively diluted. In a rights offering, existing holders may retain their ownership interest in the company by purchasing additional shares (or they may instead realize value by electing to sell the tradable rights). The rights offering can also provide "over-subscription rights" to all shareholders so that any who desire to subscribe for more than their pro-rata share (in the event that others do not fully subscribe) may do so. We believe this mechanism is far superior to offering cheap stock to a new investor with no legacy position in the company. We hereby offer again to backstop such a rights offering at whatever per share price the board determines - without a fee - so that SWX will be guaranteed to receive the full $1 billion it needs. Although we believe a rights offering would be the most beneficial structure for all existing shareholders, if for whatever reason you disagree, we would be willing - and are hereby offering - to provide all of the equity financing at $75.00 per common share. We would also be willing to consider providing this financing at a per share price higher than $75.00 if SWX should receive a bona-fide superior offer from any other shareholder or third party... We are still hopeful that we can resolve this matter amicably and in a manner that creates value for ALL shareholders. We look forward to speaking with you in the very near future." Reference Link
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LIN | Hot Stocks10:52 EDT Linde appoints Sanjiv Lamba to succeed Steve Angel as CEO - Linde announced its Board of Directors has appointed Sanjiv Lamba to succeed Steve Angel as CEO and Steve Angel to succeed Wolfgang Reitzle as Chairman, effective March 1, 2022. Lamba was named Linde's COO in October 2020. Throughout his more than 30-year tenure with Linde, he served in various leadership roles including Executive Vice President APAC, Head of Regional Business units and Managing Director India. In addition to his appointment as CEO, Lamba will join Linde's Board of Directors, effective March 1, 2022.
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APD | Hot Stocks10:47 EDT Air Products, Sublime Stericeuticals to develop freeze-drying equipment - Air Products and Sublime Stericeuticals Corporation, a process design and equipment manufacturer serving the pharmaceutical industry, announced plans to collaborate and develop a proprietary sublimation and desorption technology for a continuous freeze-drying system for vaccine and drug solutions. Under a joint development agreement, Air Products' proprietary cryogen delivery and liquid nitrogen spray freezing technology will be used in combination with Sublime's process design to spray crystallize vaccine and drug solutions in a continuous sterile lyophilization freeze drying environment. "The development of a continuous solution for pharmaceutical manufacturers fits well with our commitment to help our customers improve productivity and quality across product applications. We anticipate that the product resulting from this JDA will allow pharmaceutical manufacturers to rapidly produce and preserve high-value materials without compromising on yield or viability," said Francesco Maione, president, Americas at Air Products. "This solution could also introduce a process flow that allows larger manufacturers to be more agile and establish more production options."
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LMT | Hot Stocks10:46 EDT Lockheed Martin's Greenville site to add over 300 jobs by end of 2022 - Lockheed Martin will add more than 300 new jobs for F-16 production and sustainment to its Greenville, South Carolina site by the end of 2022. The company is actively hiring today, and interested candidates can apply on LockheedMartinJobs.com. Select roles are eligible for new hire incentives, including up to $2,000 sign-on bonuses and up to $5,000 relocation lump-sum payments. Aircraft-specific experience is desired, but not required for some positions. Robust, on-the-job training is available as needed, and employees will have the opportunity to learn new automation and digital engineering technologies as Lockheed Martin continues to invest in the F-16 program.
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AMZN | Hot Stocks10:36 EDT Amazon details plans to serve customers this holiday season - In a blog post, Amazon said a combination of planes, trucks, ships and delivery vans, along with staffed up warehouses, has put it in a good position to "get customers what they want, when they want it, wherever they are this holiday season." Amazon said: "Our teams have been hard at work for months, focusing on capacity and demand planning to balance our customers' needs against any supply chain or transportation challenges that may occur. While we are always investing in our supply chain and transportation network, we have done even more this year to ensure we don't let recent supply-chain constraints impact the Amazon experience for our customers... Since March 2020, we have learned to expect the unexpected and that there may be bumps along the way-and that we have a great customer service team at the ready to assist customers should they need it." Reference Link
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HGEN | Hot Stocks10:33 EDT Humanigen says lenzilumab named among EC's ten most promising COVID treatments - Humanigen announced that the European Commission identified lenzilumab as one of the "10 most promising treatments for COVID-19" in a report and press release issued on October 22. Cameron Durrant, MD, Chairman and CEO, Humanigen. "We look forward to continuing our discussions with colleagues at the European Medicines Agency to advance our efforts to submit a marketing authorization application for lenzilumab in COVID-19. We are also progressing with our early access program, under compassionate use, where allowed by regulations in some European countries and the United States." Lenzilumab is not authorized, or approved in any country, and as the European Commission notes, the selection of lenzilumab as a top-10 candidate "does not replace the scientific assessment by the European Medicines Agency, or the authorisation ... by the European Commission," the company stated.
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VCYT | Hot Stocks10:32 EDT Veracyte: Data validate prognostic value of Deciper Prostate genomic test - Veracyte announced that new data being presented at the American Society for Radiation Oncology 2021 Annual Meeting suggest the company's Decipher Prostate genomic classifier identifies patients with clinically high-risk prostate cancer who may require treatment intensification beyond standard-of-care therapy. The findings, from a pre-specified analysis of biopsy samples taken from prostate cancer patients with clinically high-risk disease who were enrolled in multiple phase 3, prospective, randomized studies, show that Decipher Prostate test scores are independently associated with distant metastases, prostate cancer-specific mortality and overall survival in this patient population, Veracyte said in a statement. After a median follow up of 11 years, men with disease classified as Decipher high-risk experienced substantially less favorable outcomes compared to men with disease classified as Decipher low-risk, it added. "Clinically high-risk prostate cancer is a heterogenous disease, and having reliable information about individual patients' prognoses based on their unique tumor biology can help improve shared decision-making," said Paul L. Nguyen, M.D., of the Dana-Farber Brigham Cancer Center, who presented the data during an ASTRO media briefing today. "The findings we're sharing at ASTRO are particularly exciting because they are the first to validate use of a gene expression classifier in pre-treatment prostate cancer biopsy samples collected during prospective, randomized clinical trials."
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BKKT | Hot Stocks10:16 EDT Bakkt Holdings Inc (Class A Stock) trading resumes
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ROKU SONO | Hot Stocks10:15 EDT Roku announces TCL Roku TV Wireless Soundbar - In partnership with TCL, Roku (ROKU) is launching the TCL Roku TV Wireless Soundbar, Mark Ely, Vice President Of Product Strategy, announced in a blog post. Ely said: "Announced this past January at CES, the TCL Roku TV Wireless Soundbar is our first wireless soundbar exclusively designed for Roku TV and is part of the award-winning TCL Alto soundbar line... Additionally, with a stress-free wireless setup, running cables is no longer necessary-much to the delight of those looking to have a clean, cord-free entertainment area." The TCL Roku TV Wireless Soundbar is now available for $179.99 at major retailers, Ely added. Roku's soundbar will compete with offerings from Sonos (SONO), The Fly notes. Reference Link
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BKKT | Hot Stocks10:09 EDT Bakkt Holdings Inc (Class A Stock) trading halted, volatility trading pause
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LUV | Hot Stocks10:07 EDT Southwest launches Rapid Rewards Business program - Southwest Airlines is launching Rapid Rewards Business, giving businesses the ability to earn Rapid Rewards points as their travelers return to the sky. By joining Rapid Rewards Business, companies earn Rapid Rewards points that can be applied toward travel on the company's behalf, while travelers who are Rapid Rewards Members also earn Rapid Rewards points in their personal accounts. To celebrate the launch of Rapid Rewards Business, Southwest Airlines is offering a special promotion awarding 25,000 Rapid Rewards Business points to qualified businesses that apply before Dec. 31, 2021, and have a traveler book and fly two round trips within 90 days of enrollment. Business travelers who link their Rapid Rewards accounts with their company's travel program can earn their company: Three Rapid Rewards Business points per $1 when booking and flying Business Select fares; Two Rapid Rewards Business points per $1 when booking and flying Anytime fares; One Rapid Rewards Business point per $1 when booking and flying Wanna Get Away fares.
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GD | Hot Stocks10:03 EDT General Dynamics Land Systems enters Strategic Teaming Agreement with Epirus - General Dynamics Land Systems announces a Strategic Teaming Agreement with Epirus. GD and Epirus will collaborate to integrate the Leonidas directed energy system and broader high-power microwave technology into the U.S. Army's Stryker and other manned and autonomous ground combat vehicles for enhanced mobile Short Range Air Defense capabilities.
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ARES | Hot Stocks10:02 EDT Archwest Capital announces strategic minority investment by Aspida - Archwest Capital announced the completion of a strategic minority investment by Aspida Holdings, an indirect subsidiary of Ares Management Corporation. As part of the transaction, Aspida will enter into a flow agreement, through which Archwest Capital will provide Aspida with multifamily and mixed-use first mortgage assets to help support Aspida's growth initiatives. The Ares team plans to provide its experience in connection with the acquisition of these first lien mortgages originated by Archwest Capital and overseeing the ongoing surveillance and monitoring of these investments.
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IZEA | Hot Stocks10:01 EDT Izea awarded contract expansion for mobile telecommunications company - Izea announced it has been awarded a mid six-figure contract expansion for a leading mobile telecommunications company. The new contract is for managed influencer marketing services and is a continuation of an existing relationship with the company. Influencer activations are scheduled to begin in Q4 2021 and will carry into 2022. It is the largest single contract that IZEA has received to promote this brand, and doubles the size of the previous largest commitment.
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MSB | Hot Stocks10:01 EDT Mesabi Trust falls -11.8% - Mesabi Trust is down -11.8%, or -$3.62 to $27.18.
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PINS | Hot Stocks10:01 EDT Pinterest falls -14.4% - Pinterest is down -14.4%, or -$8.35 to $49.71.
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ML | Hot Stocks10:00 EDT MoneyLion falls -23.2% - MoneyLion is down -23.2%, or -$1.58 to $5.25.
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DOMA | Hot Stocks10:00 EDT Doma Holdings rises 18.9% - Doma Holdings is up 18.9%, or $1.12 to $7.06.
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BKKT | Hot Stocks10:00 EDT Bakkt rises 25.9% - Bakkt is up 25.9%, or $2.37 to $11.52.
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BE | Hot Stocks10:00 EDT Bloom Energy rises 28.0% - Bloom Energy is up 28.0%, or $5.66 to $25.85.
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PAYO CPNG | Hot Stocks09:53 EDT Payoneer, Coupang partner to enable sellers to expand, sell in South Korea - Payoneer (PAYO) and Coupang (COUP) announced a new partnership that will provide hundreds of thousands of sellers from across the globe with the opportunity to more easily expand and sell into South Korea. The company said, "By leveraging Payoneer's technology and expertise to enhance Coupang's payments capabilities, sellers on Coupang can now enjoy more seamless payments for their cross-border businesses." Through this partnership, sellers in Payoneer's extensive ecosystem spanning countries including China, Germany, Japan, the UK and the US will benefit from faster access to funds and greater flexibility in managing multi-currency payments when selling on Coupang. These essential tools enable sellers to more easily expand into new markets both within and outside of the APAC region. Furthermore, sellers will gain access to streamlined onboarding onto Coupang through Payoneer's Green Channel program, which includes assistance from a specialised support team to tap new growth opportunities, leveraging Coupang's position as Korea's most popular online retail destination.
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CSPR | Hot Stocks09:47 EDT Casper Sleep falls -7.5% - Casper Sleep is down -7.5%, or -33c to $4.10.
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ML | Hot Stocks09:47 EDT MoneyLion falls -7.9% - MoneyLion is down -7.9%, or -54c to $6.30.
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PINS | Hot Stocks09:47 EDT Pinterest falls -13.8% - Pinterest is down -13.8%, or -$8.01 to $50.05.
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DOMA | Hot Stocks09:47 EDT Doma Holdings rises 14.3% - Doma Holdings is up 14.3%, or 85c to $6.79.
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BE | Hot Stocks09:47 EDT Bloom Energy rises 32.3% - Bloom Energy is up 32.3%, or $6.52 to $26.71.
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BKKT | Hot Stocks09:47 EDT Bakkt rises 37.9% - Bakkt is up 37.9%, or $3.47 to $12.62.
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C | Hot Stocks09:47 EDT Citi to wind down consumer banking business in Korea - Citi announced that it will wind down its consumer banking business in Korea as part of the strategic actions the bank is taking to refocus its Global Consumer Bank presence in Asia and EMEA on four wealth centers-Singapore, Hong Kong, the UAE and London-and pursue exits from its consumer franchises in 13 markets across the two regions. Even with the wind-down, the exits from these consumer franchises are accretive to capital and are still expected to release approximately $7B of allocated tangible common equity over time, $2B of which is related to the Korea wind-down. Across its remaining consumer markets in the regions, Citi is pursuing options including consumer franchise sales, with a focus on optimal results for its people, clients and shareholders. Conversations with potential buyers continue with strong interest from a broad range of bidders.
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PHUN | Hot Stocks09:35 EDT Phunware Inc trading resumes
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DWAC | Hot Stocks09:35 EDT Digital World Acquisition Corporation (Class A Stock) trading resumes
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HTZZ TSLA | Hot Stocks09:35 EDT Hertz announces initial 100,000 Tesla order in electric vehicle push - Hertz (HTZZ) announced an investment to offer the largest electric vehicle rental fleet in North America, which includes an initial order of 100,000 Teslas (TSLA) by the end of 2022 and new EV charging infrastructure across the company's operations. In addition, Hertz is teaming up with Tom Brady "to showcase how it is making EV rentals fast, seamless and more accessible, as the company accelerates its commitment to lead the future of mobility and travel." Beginning in early November and expanding through year end, customers will be able to rent a Tesla Model 3 at Hertz airport and neighborhood locations in U.S. major markets and select cities in Europe, the company said in a statement. With the current order, electric vehicle will comprise more than 20% of Hertz global fleet and is expected to be supported by a combination of Level 2 and DC fast charging in approximately 65 markets by the end of 2022 and more than 100 markets by the end of 2023. Hertz added that "these ambitions could be affected by factors outside of Hertz's control, such as semiconductor chip shortages or other constraints." Shares of Hertz jumped 17% to $28.98 following the announcement. Tesla is up 6% to $960.75.
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MA BKKT | Hot Stocks09:33 EDT MasterCard, Bakkt partner to offer cryptocurrency solutions - Mastercard (MA) and Bakkt (BKKT) announced a multifaceted partnership to make it easier for merchants, banks and fintechs in the U.S. to embrace and offer a broad set of cryptocurrency solutions and services. Consumers, in turn, will experience expanded access to the digital asset ecosystem. Bakkt extends Mastercard's ecosystem of cryptocurrency partners enabling Crypto-as-a-Service, which provides quick access to cryptocurrency capabilities. Through the power of the Mastercard network and Bakkt's trusted digital asset platform, Mastercard partners will be able to offer cryptocurrency solutions. These include the ability for consumers to buy, sell and hold digital assets through custodial wallets powered by the Bakkt platform and streamlined issuance of branded crypto debit and credit cards. Mastercard will also integrate crypto into its loyalty solutions, enabling its partners to offer cryptocurrency as rewards and create fungibility between loyalty points and other digital assets. This means that consumers can earn and spend rewards in cryptocurrency instead of traditional loyalty points and seamlessly convert their crypto holdings to pay for purchases. This is the latest move by Mastercard to bring innovative loyalty options to consumers that align with their passion points.
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RDBX SGAM | Hot Stocks09:33 EDT Redbox completes business combination with Seaport Global Acquisition - Redbox (RDBX) announced earlier that it has completed its previously announced business combination with Seaport Global Acquisition Corp. (SGAM), a publicly traded special purpose acquisition company. As a result of the merger, the entity will be known as "Redbox Entertainment Inc." Redbox's common stock and warrants are expected to begin trading on NASDAQ on Monday, October 25, under the ticker symbols "RDBX and "RDBXW," respectively. Galen Smith, CEO of Redbox, said: "As a public company, we plan to continue our strong momentum and accelerate our digital transformation. Through this transaction, and the incremental capital it provides, Redbox is equipped to advance our goal of creating a one stop experience that spans multiple entertainment mediums and simplifies the streaming experience. We are eager to capture the significant and growing opportunities ahead, take our business to the next level and achieve profitable growth for Redbox shareholders."
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SDC | Hot Stocks09:30 EDT SmileDirectClub expands oral care line with launch of water flossers - SmileDirectClub announced the addition of two new water flossers to help customers maintain a healthy smile wherever they go. The new Large Tank and Compact Water Flossers are more effective than string floss and complement SmileDirectClub's existing product offerings, including the whitening systems and various other premium oral care products which are available at Walmart, Amazon and the company's own website. The Large Tank Water Flosser $39.98 and Compact Water Flosser $39.98 are now available online at Shop.SmileDirectClub.com and at Amazon, Walmart and Walmart.com.
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PHUN | Hot Stocks09:30 EDT Phunware Inc trading halted, volatility trading pause
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DWAC | Hot Stocks09:30 EDT Digital World Acquisition Corporation (Class A Stock) trading halted, volatility trading pause
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HSKA | Hot Stocks09:28 EDT Heska down 6% after Spruce Point issues short report, sees up to 60% downside
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SAVE RTX | Hot Stocks09:25 EDT Spirit Airlines selects Raytheon's Pratt & Whitney engines for new A320neo - Spirit Airlines (SAVE) has signed an agreement with Pratt & Whitney, a Raytheon (RTX) business, through its affiliate, IAE International Aero Engines, for PW1100G-JM engines to power its latest order of new Airbus A320neo Family aircraft. Deliveries from the firm 100-aircraft order are expected to begin in 2023, and the agreement includes options for another 50 aircraft. In addition to the engine order, Spirit and Pratt & Whitney entered into an EngineWise Comprehensive long-term maintenance agreement to service Spirit's fleet of 168 aircraft and growing. Since entering service in early 2016, the GTF engine has demonstrated 16% reduction in fuel burn and carbon emissions on A320neo family aircraft, reduction of nitrogen oxide emissions by 50% compared to the regulatory standard, and reduction of noise footprint by 75%.
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YVR | Hot Stocks09:22 EDT Liquid Media announces iNDIEFLIX partnership with CDE, DHCS CAlHOPE program - Liquid Media Group announced a partnership between iNDIEFLIX, now a member of the Liquid Media Group family of companies, the California Department of Education, the Department of Health Care Services' CalHOPE program, and Blue Shield of California's BlueSky initiative. The partnership, announced by CDE State Superintendent of Public Instruction Tony Thurmond, focuses on iNDIEFLIX's edutainment content and centers around the film "Angst: Building Resilience." As stated in the CDE announcement, "The goal of Angst is to raise awareness, connect students with support, and provide hope and coping strategies. The film features interviews with children and young adults discussing the impact anxiety has had on their lives during the pandemic. Angst also features a special interview with one of the greatest athletes of all time, Michael Phelps, who has courageously shared his own mental health challenges and helped catapult the important conversation into the mainstream." The film-based mental health support program and accompanying easy-to-use curriculum is available to all public middle and high schools across the state of California in a new effort to help address the increasing mental health challenges faced by students.
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M | Hot Stocks09:20 EDT Macy's 'announces an exclusive Black Friday Sneak Peek' - "Macy's announces an exclusive Black Friday Sneak Peek - unveiling this year's biggest deals by the best brands. Browse the specials coming in November across fashion, fine jewelry, tech, beauty, toys and home, some as low as $3, at macys.com/blackfriday. Beginning November 3, shoppers can enjoy unbeatable deals each week with an updated assortment of specially-curated, early-access specials. Shop all Black Friday specials from November 23 - 27 from virtually anywhere through macys.com, the Macy's app, or safely in-store." said the retailer in a statement.
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MTBC | Hot Stocks09:18 EDT CareCloud appoints three to executive team of medSR subsidiary - CareCloud has named three leaders to the executive team of its medSR subsidiary and is dedicating resources to support the changing and growing needs of hospital and health system clients in a post-pandemic economy. medSR, the wholly-owned subsidiary of CareCloud that provides healthcare consulting and on-demand technical and revenue cycle staffing services, has appointed three seasoned executives to complete its senior leadership team. Dwight Garvin, Chief Operating Officer; Pete Fagot, Chief Revenue Officer; and, Heather Logan, Chief Administrative Officer will report to medSR CEO, Jerry Howell. This new leadership team will drive forward the company's strategic focus on providing end-to-end support of staffing, technology, and services to help hospitals and health systems build sustainable, successful businesses. The Company recently announced that it had broken new ground with the integration of consulting and on-demand revenue cycle management staffing services. This integrated offering is gaining traction with clients turning to CareCloud to extend their workforce and integrate their EHR and RCM platforms to optimize performance. These leadership and operational changes are timely as hospitals and health systems strive to improve access to care and the patient experience as they face an industry-wide workforce shortage and increased pressure on revenue.
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SDXAY | Hot Stocks09:12 EDT Sodexo, N.C. A&T, Starship Technologies partner for autonomous campus delivery - North Carolina Agricultural and Technical State University and its food services provider, Sodexo, have partnered with Starship Technologies to roll out the university's food delivery service via autonomous robots. A&T is the first historically Black college or university to partner with Starship, as well as its first partnership in North Carolina. Starship's fleet of 20 autonomous, on-demand robots will deliver from three campus eateries: Qdoba, 1891 Bistro and the new Paavo's Pizza with the goal to expand additional retail locations by next spring. A&T's students, faculty and staff can now use the Starship Food Delivery app to order food and drinks to be delivered on campus, within minutes. The service will be free of delivery fees, which will be covered for students by the university for two years and works in conjunction with student meal plans.
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VITL | Hot Stocks09:11 EDT Vital Farms launches first e-commerce storefront - Vital Farms launched "Vital Farms Farm Shop," the brand's first e-commerce storefront. Consumers can now order Vital Farms products directly from the new online store. "The Vital Farms Farm Shop is an opportunity for us to make our ethically produced products even more accessible to households across the country and learn about today's direct-to-consumer shopper," said Amanda Wilson, Content Strategy and Brand Communications Manager, Vital Farms. "We look forward to evolving the Farm Shop and its offerings in the future." Eleven of Vital Farms' products including butter, ghee and select varieties of Egg Bites and Breakfast Bars are now available in the "Vital Farms Farm Shop."
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RCI | Hot Stocks09:10 EDT Rogers Communications achieves 5G standalone smartphone certification - Rogers Communications announced it has achieved the first 5G standalone device certification in Canada and completed the rollout of Canada's first national standalone 5G core - major technological milestones on the road to powering the possibilities of 5G across the country. The Google Pixel 6 and the Google Pixel 6 Pro will be the first 5G standalone smartphone devices certified for use in Canada. Over the next few months, eligible customers will automatically connect to the 5G standalone network where it has been rolled out. Rogers has completed its 5G standalone core network deployment nationally and is deploying its 5G standalone service coverage in major markets, including Vancouver, Toronto, Ottawa and Montreal.
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CLRB | Hot Stocks09:10 EDT Cellectar announces new concierge services for patients in clinical studies - Cellectar Biosciences announced it is collaborating with BBK Worldwide to provide new concierge services for patients participating in its clinical studies. These services are designed to improve patient's and their caregiver's access to high quality care and innovative treatments for their cancer. "Cellectar's new concierge services program underscores our focus on patients and our commitment to providing them with best-in-class treatments and support. Providing something as simple as securing transportation to clinics and lodging to assistance with reimbursement and study-related expenses can have a major positive impact on patients during very difficult times," said James Caruso, president and CEO of Cellectar. "We recognize the challenges facing patients and their families as they battle cancer and navigate the clinical study process and are honored to support them through this journey. With iopofosine I-131 in our ongoing pivotal study for Waldenstrom's we have also initiated the development of our Patient Assistance Program which will be made available upon FDA approval."
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ADM GEVO | Hot Stocks09:09 EDT ADM, Gevo sign MoU to produce up to 500M gallons of SAF - ADM (ADM) and Gevo (GEVO) announced that they have signed a memorandum of understanding, MoU, to support the production of sustainable aviation fuel, SAF, and other low carbon-footprint hydrocarbon fuels. The MoU contemplates the production of both ethanol and isobutanol that would then be transformed into renewable low carbon-footprint hydrocarbons, including SAF, using Gevo's processing technology and capabilities. About 900M gallons of ethanol produced at ADM's dry mills in Columbus, Nebraska, and Cedar Rapids, Iowa, as well as its Decatur, Illinois, complex, is expected to be processed utilizing this technology, resulting in approximately 500M gallons of SAF and other renewable hydrocarbons. The isobutanol is expected to be produced at a proposed new facility in Decatur that would employ ADM's carbon capture and sequestration capabilities. "The potential conversion of 900 million gallons of ethanol - more than half of our production capacity - to serve growing demand for sustainable aviation fuel would represent a major step in the continued evolution of our Carbohydrate Solutions business to focus increasingly on new, high-growth opportunities," said ADM Chairman and CEO Juan Luciano. "Carbohydrate Solutions is unlocking new value and meeting customer needs through the growth of our BioSolutions platform, with agreements like our LG Chem MoU; sustainable solutions supported by our carbon capture capabilities, like our net-zero carbon milling footprint in the U.S.; and the completion of our dry mill review, with the sale of our Peoria facility and this exciting collaboration with Gevo. Equally important, we're continuing to live our purpose, with our entry into SAF representing another step in our strategic efforts to advance decarbonization and use our integrated value chain to deliver more sustainable, environmentally friendly products and services." The companies intend to work together to determine full commercialization plans and enter into definitive agreements enabling a timeline such that production of SAF can begin in the 2025-2026 timeframe.
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WISH | Hot Stocks09:08 EDT ContextLogic appoints Vivian Liu as CFO - ContextLogic announced the appointment of Vivian Liu as Chief Financial Officer, effective November 10. This is the latest in a series of C-suite appointments at Wish this year.Ms. Liu currently serves as Chief Financial Officer and Senior Vice President of Shutterfly.
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RSI | Hot Stocks09:08 EDT Rush Street Interactive, Connecticut Lottery launch in-person sports betting - The Connecticut Lottery Corporation, Rush Street Interactive and Sportech announced the launch of in-person sports betting at the first of 15 PlaySugarHouse retail sportsbooks in Connecticut. Beginning today, players will be able to place bets at Sports Haven in New Haven, Connecticut. In the coming days, the retail sportsbooks at Bobby V's Restaurant & Sports Bar locations in Stamford, Connecticut, and Windsor Locks, Connecticut, will open and begin accepting bets. The new PlaySugarHouse sportsbooks in New Haven, Stamford and Windsor Locks offer a full suite of entertainment options, including wall-to-wall TV monitors, odds boards, food and beverage menus, and now the opportunity for fans to wager on sports, leagues and players. Eligible bettors 21 and over will be able to place a wide array of bets on various professional and collegiate sports, including parlays, prop bets and in-game bets, through self-service kiosks as well as staffed teller stations. In addition to betting in-person, Connecticut players can now bet online using RSI's platform from their mobile devices, tablets, desktop and laptop computers.
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LPLA UBS | Hot Stocks09:07 EDT Winchell Financial Group launches with LPL Strategic Wealth Services - LPL Financial (LPLA) announced that financial advisor David Winchell has joined LPL Financial to launch his new practice, Winchell Financial Group. He is joining through affiliation with LPL's Strategic Wealth Services, SWS, model. Winchell reported having served approximately $265M in advisory, brokerage and retirement plan assets. He joins LPL from UBS Financial Services (UBS). Scott Posner, LPL executive vice president, Business Development, stated, "We congratulate David on launching his new independent practice and are proud to welcome him into the LPL community. We are committed to supporting advisors with innovative technology and business solutions to add value to their practice and create differentiated experiences for clients. Our SWS platform and robust resources empower advisors to grow their business on their own term, backed by strategic partners and dedicated support for each step in their journey. We look forward to a long-lasting relationship with Winchell Financial Group and wish them success as they embark on an exciting new journey."
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ADM GEVO | Hot Stocks09:05 EDT Archer Daniels, Gevo sign MoU to support production of SAF fuels - Archer Daniels (ADM) and Gevo (GEVO) announced that they have signed a memorandum of understanding, or MoU, to support the production of sustainable aviation fuel, or SAF, and other low carbon-footprint hydrocarbon fuels. The MoU contemplates the production of both ethanol and isobutanol that would then be transformed into renewable low carbon-footprint hydrocarbons, including SAF, using Gevo's processing technology and capabilities. About 900M gallons of ethanol produced at ADM's dry mills in Columbus, Nebraska, and Cedar Rapids, Iowa, as well as its Decatur, Illinois, complex, is expected to be processed utilizing this technology, resulting in approximately 500M gallons of SAF and other renewable hydrocarbons. The isobutanol is expected to be produced at a proposed new facility in Decatur that would employ ADM's carbon capture and sequestration capabilities. The companies intend to work together to determine full commercialization plans and enter into definitive agreements enabling a timeline such that production of SAF can begin in the 2025-2026 timeframe.
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OB | Hot Stocks09:05 EDT Outbrain announces strategic partnership with Grupo Abril - Outbrain announces a strategic partnership with Grupo Abril. Outbrain's technology will allow Grupo Abril to "enhance its digital strategy and boost the company's revenue diversification and engagement, while also utilizing Outbrain's network of trusted advertisers," the company said. Through this partnership, Grupo Abril will be able to utilize Outbrain's content recommendation platform, including SmartFeed, an open-web personalized feed experience. Outbrain's technology will be utilized across 18 of Grupo Abril's websites that reach a cumulative 47M unique monthly users: Veja, Veja Sao Paulo, Veja Rio, Veja Saude, Super Interessante, Claudia, Capricho, Quatro Rodas, Guia do Estudante, Bebe.com.br, Viagem e Turismo, Voce S/A, Boa Forma, Casa Cor, Voce RH, Elastica Especialistas, Placar and Go Read. "With our partnership with Grupo Abril, Outbrain firmly cements itself as the trusted partner for premium open-web publishers in the region," said David Kostman, Co-CEO of Outbrain. "Our technology continues to be the premier offering for publishers looking to enhance their monetization journey, while providing quality recommendations to consumers."
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RLJ | Hot Stocks09:04 EDT RLJ Lodging Trust Acquires AC Hotel by Marriott Boston downtown for $89M - RLJ Lodging Trust announced that it has acquired the fee simple interest in the recently constructed 205-room AC Hotel by Marriott Boston Downtown for a purchase price of $89.0M or approximately $434,000 per key. The purpose-built hotel opened in 2018 and is located within the mixed-use Ink Block development in Downtown Boston. Upon stabilization the Hotel is expected to generate 7.5% to 8.0% NOI yield. The Company funded the acquisition with existing cash on its balance sheet. "We are pleased to expand our footprint in Boston Downtown by acquiring this recently-built asset in the heart of Boston's fast-growing, life sciences and technology core," commented Leslie D. Hale, President and Chief Executive Officer. "We are confident that the addition of this Hotel will enhance our portfolio's growth profile throughout this cycle and fits our investment thesis of buying premium-branded hotels within growth markets. This off-market acquisition also demonstrates our team's ability to source attractive opportunities at discounts to both replacement cost and pre-COVID pricing. Our strong balance sheet positions us extremely well to continue to pursue additional external growth opportunities."
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GOEV PCRFY | Hot Stocks09:04 EDT Canoo to supply batteries for Panasonic's Lifestyle Vehicle - Canoo (GOEV) has reached an agreement with Panasonic (PCRFY) to supply batteries for its Lifestyle Vehicle. Scheduled for production in Q4 2022, the Lifestyle Vehicle will be manufactured by VDL Nedcar and will support US and EU product demand. Canoo developed proprietary battery system technologies in its multipurpose platform which includes a structurally integrated battery module with built-in safety features. Canoo integrates the battery modules directly into the platform structure.
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CVU ATUS | Hot Stocks09:03 EDT CPI Aerostructures appoints Andrew Davis as Chief Financial Officer - Aerostructures (CPI) announced the appointment of Andrew Davis as chief financial officer effective immediately. Davis replaces Thomas Powers who has been serving as acting chief financial officer since February 2020. Powers will remain with the Company in his prior role as director of FP&A until his planned retirement at the end of this year. Prior to joining the Company, Davis served as chief financial officer of Altice Technical Services, a division of Altice USA, (ATUS), one of the largest broadband communications and video services providers in the United States.
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MTX | Hot Stocks09:01 EDT Minerals Technologies announces new $75M share repurchase program - Minerals Technologies announced that its Board of Directors has authorized a new, one-year $75M share repurchase program, effective immediately. This follows the Company's completion of its prior one-year $75M program. "The new share repurchase authorization demonstrates the Board of Directors' confidence in our business model and our continued ability to generate strong cash flow," said Douglas Dietrich, Chairman and Chief Executive Officer. "Our balanced approach to capital deployment, supported by our strong financial position, gives MTI the flexibility to return capital to shareholders and invest in our global growth initiatives." The program does not require the purchase of any minimum number of shares and may be suspended or discontinued at any time without prior notice.
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CNDT | Hot Stocks08:46 EDT Conduent updates comprehensive HSP Core Claims Administration solution - Conduent Incorporated announced new and important updates to its comprehensive HSP Core Claims Administration solution for healthcare payers and Third-Party Administrators. The latest enhancements will better enable payers and TPAs to accelerate the pace of digital transformation with Business Process as a Service models that deliver greater operational flexibility and efficiency while supporting member engagement initiatives. Updates to Conduent's HSP core claims administration technology deliver increased support for omnichannel communications that enable payers and TPAs to drive consumerism and make data on member and provider portals more accessible to individuals with disabilities. New utilities also transform HSP data into the FHIRR4 format to promote transparent information sharing across the healthcare ecosystem and improve compliance with Interoperability and Patient Access final rule requirements.
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CODI | Hot Stocks08:43 EDT Compass Diversified-back Marucci Sports acquires Lizard Skins - Marucci Sports, a subsidiary of Compass Diversified, announced it has acquired Lizard Skins, a designer and seller of branded grip products, protective equipment, bags and apparel for use in baseball, cycling, hockey, Esports and lacrosse. Terms of the transaction were not disclosed. Elias Sabo, CEO of CODI, added: "Our team at CODI prides itself on being business builders, having completed nearly 30 add-on transactions for our subsidiaries since our inception. We are excited to add to our long history of investing in our subsidiaries and bring these two leading companies together. As proven brands that have established themselves as equipment providers of choice for top-performing athletes, Marucci and Lizard Skins are ideally situated to join forces and deliver a broader, more diverse range of products. We are proud that our permanent capital advantage has once again enabled us to invest in the future of our subsidiary, and we are confident that Marucci is well-positioned to generate long-term value for all its stakeholders, including its athletes and our shareholders."
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VVV | Hot Stocks08:42 EDT Valvoline launches hybrid, EV products in China - Valvoline recently announced the launch of XEV, the brand's first China-based release of hybrid, plug-in hybrid and pure electric vehicle products. The announcement was made in conjunction with Shanghai-based car maintenance service provider, Tuhu, who will provide services using Valvoline XEV products. Much like the Valvoline EV Performance Fluids launched stateside in 2019, XEV product line innovation works to address needs specific to hybrid and EV, including battery temperature variations, powertrain performance, brake system corrosion and seal bearing failure.
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TOL | Hot Stocks08:42 EDT Toll Brothers Campus Living, CanAm Enterprises form join venture - Toll Brothers, through its Toll Brothers Campus Living division, and CanAm Capital Partners, the private-equity affiliate of CanAm Enterprises, announced the formation of a new joint venture to develop Lapis, a 1,086-bed, 293-unit, luxury student housing community at Florida International University, FIU, in Miami, Florida. The joint venture has secured a $103M construction loan facility from Ocean Bank. The debt and equity financing were arranged by Toll Brothers' in-house Finance Department. The venture was advised by Ackman Ziff Real Estate Group. Lapis is located directly north of, and across from FIU's main campus, the 342-acre Modesto Maidique Campus, at 110th Avenue and SW 7th Terrace. The 21-story development will consist of 1,086 beds across 293 market-rate studio, one-, two-, three-, four-, and five-bedroom luxury rental apartments. The community will offer amenities, walkability to campus, individual leases, roommate matching, multiple study lounges, high-speed internet throughout the community, a pool, fitness center, bike storage, club room, outdoor kitchens, business center and a secured garage. Fred Cooper, Toll Brothers' Senior Vice President for Finance, International Development and Investor Relations, said, "Lapis is our fourth major student housing community across the U.S. We are very much looking forward to partnering with CanAm, which possesses a strong track record in the Florida market. Ocean Bank, which also enjoys an impressive track record as well as a history of leadership involvement at FIU and in the South Florida community, is the ideal lender for this exciting project."
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LGIQ | Hot Stocks08:42 EDT Logiq issues update on Employee Equity Incentive Plan transactions - Logiq provided an update on recent employee stock transactions which were reported on Form 4 to the U.S. Securities and Exchange Commission on Friday, October 22, 2021. As reported in respective Form 4s, Logiq CEO Tom Furukawa forfeited 16,666 shares and COO Steven Hartman forfeited 5,764 shares to satisfy the payment of withholding tax liability which incurred upon the vesting of the restricted stock units. An online business news publisher, Newsfilter, erroneously reported that these shares were sold. However, as forfeited shares, they were not sold but were canceled and returned to the company's treasury. This was the first instances of a recently announced updated employee equity incentive plan which allows the option of forfeiting shares to satisfy tax withholding obligations rather than by selling shares. Excluding the sale in September by the plan administrator to satisfy a withholding tax liability, no insider has sold any of their Logiq shares since 2015. The company earlier reported on a Form 4 that the company's president, Brent Suen, purchased 24,000 shares of Logiq common stock from the open market at an average price of $3.21 per share.
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MMNFF | Hot Stocks08:41 EDT MedMen appoints Roz Lipsey as COO - MedMen announced the appointment of Roz Lipsey to the role of COO, effective immediately. Lipsey succeeds Tim Bossidy, who has served as interim COO since 2020. Lipsey has served on MedMen's executive management team since 2020 in the role of senior VP, business operations, and brings more than 25 years of operational experience, focusing on business start-up, scaling, and strategy. Previously, Lipsey was president of a vertically integrated cannabis operation in Arizona,.
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SAVA | Hot Stocks08:41 EDT Cassava Sciences citizens petition circulated by traders - A citizen's petition for administrative action submitted to the FDA is being circulated among traders, contacts tell The Fly. The petition requests that the Commissioner of Food and Drugs "immediately initiate Phase 4 trials of the drug Simufilam 21 per U.S. Code Section 356 - Expedited approval of drugs for serious or life-threatening diseases or conditions." Reference Link
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SAVA | Hot Stocks08:40 EDT Cassava Sciences citizens petition circulated by traders - A citizen's petition for administrative action submitted to the FDA is being circulated among traders, contacts tell The Fly. The petition requests that the Commissioner of Food and Drugs "immediately initiate Phase 4 trials of the drug Simufilam 21 per U.S. Code Section 356 - Expedited approval of drugs for serious or life-threatening diseases or conditions."
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ATRS | Hot Stocks08:40 EDT Antares Pharma announces oral presentation on XYOSTED - Antares Pharma announced that an abstract on XYOSTED, was accepted as on oral presentation at the 22nd Annual Fall Scientific Meeting of SMSNA in Scottsdale, AZ on October 21-24, 2021. The abstract entitled "Subcutaneous Testosterone Enanthate and the Effect of Body Mass Index on Serum Testosterone in Men with Testosterone Deficiency" was presented by Martin M. Miner, MD, Men's Health Center, Miriam Hospital, Providence, RI. The post-hoc analysis evaluated the association between body mass index and serum total testosterone to assess the pharmacokinetics parameters of XYOSTED, a weekly subcutaneous testosterone enanthate treatment, in men with testosterone deficiency and varying BMIs. Dr. Miner concluded that patients with higher BMI may require higher testosterone doses to return serum testosterone to physiological levels.
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AQST | Hot Stocks08:40 EDT Aquestive Therapeutics reports data from Phase 1 trial of AQST-109 - Aquestive Therapeutics announced positive topline data from its first-in-human Phase 1 PK study of AQST-109 sublingual film for the delivery of epinephrine in the emergency treatment of allergic reactions including anaphylaxis. Findings from this study support AQST-109's potential as the first orally administered epinephrine treatment for anaphylaxis, with safety, tolerability, PK and pharmacodynamics measures that fall within the target range of standard of care autoinjectors such as epinephrine pens which require patients or caregivers to inject into their thighs during an emergency allergic reaction. AQST-109 is a polymer matrix-based film that can be applied sublingually for the rapid delivery of epinephrine. The product is similar in size to a postage stamp and begins to dissolve on contact. No water or swallowing is required for administration. The packaging for AQST-109 is thinner and smaller than an average credit card, can be carried in a pocket, and is designed to withstand weather excursions such as exposure to rain and/or sunlight. Current stability data is tracking favorably to support a two-year shelf life. The Phase 1 randomized, single-ascending dose study was performed with AQST-109 in order to assess safety, tolerability, PK, and PD profiles. Study Highlights: Key clinical measures for comparability to existing autoinjectors were within expected ranges for formulations 1, 2, and 4; Observed PD values were comparable to existing data for autoinjectors; AQST-109 was generally well tolerated with no serious adverse events. This study indicated that AQST-109 was absorbed and rapidly converted to epinephrine with an observed median Tmax of 15 minutes and an observed geometric mean Cmax of 762 pg/mL for the target formulation. The findings for the target formulation are comparable to published study results for both EpiPen and Auvi-Q1234567. In addition, the target formulation had similar median Tmax values at lower dose strengths. Safety data indicated that AQST-109 was generally well tolerated with no serious adverse events, significant medical events, or treatment-related severe adverse events reported within the trial. All treatment-emergent adverse events deemed at least possibly related were mild to moderate in nature across cohorts. Aquestive has submitted its request for a pre-investigational new drug meeting with the U.S. Food and Drug Administration and anticipates receiving a written response from the FDA before the end of the year. In parallel, Aquestive is on track to conduct a crossover study using an adaptive design for AQST-109 in Canada beginning in the fourth quarter 2021. It is anticipated that this study will establish a final formulation and dose strength for commercial scale-up. The study will include comparisons to 0.3 mg and 0.5 mg epinephrine intramuscular manual injection and is anticipated to complete in the first half of 2022.
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ATR | Hot Stocks08:39 EDT AptarGroup nasal pump system included in first dry eye disease FDA approval - AptarGroup announced that its patented Cartridge Pump System, or CPS, designed for the multidose delivery of preserved and non-preserved drug formulations, was recently reviewed by the FDA as the drug delivery device in the approval of Oyster Point Pharma's Tyrvaya Nasal Spray 0.03 mg, the first and only nasal spray approved for the treatment of the signs and symptoms of dry eye disease.
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LNG GLNCY | Hot Stocks08:38 EDT Cheniere and Glencore sign long-term LNG sale and purchase agreement - Cheniere Energy (LNG) announced that its subsidiary, Cheniere Marketing has entered into a binding liquefied natural gas sale and purchase agreement with a subsidiary of Glencore (GLNCY). Under the SPA, Glencore has agreed to purchase approximately 0.8 million tonnes per annum of LNG from Cheniere Marketing on a free-on-board basis for a term of approximately 13 years beginning in April 2023. The purchase price for LNG under the SPA is indexed to the Henry Hub price, plus a fixed liquefaction fee. "We are pleased to announce this long-term SPA with Glencore, one of the world's largest producers and marketers of commodities and a significant player in the global LNG market," said Jack Fusco, Cheniere's President and Chief Executive Officer. "This agreement once again reinforces Cheniere's position as a leading global LNG provider, and we look forward to a successful long-term relationship with Glencore. This SPA further builds upon Cheniere's commercial momentum, marking another important milestone in contracting our LNG capacity ahead of an FID of Corpus Christi Stage 3, which we expect to occur next year." The Corpus Christi Stage 3 project is being developed to include up to seven midscale liquefaction trains with a total expected nominal production capacity of approximately 10 mtpa. It has received all necessary regulatory approvals.
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XELA | Hot Stocks08:37 EDT Exela Technologies announces new DMR solution - Exela Technologies announced the company's Digital Mailroom, DMR, solution will fully enable remote employees working at home and in field offices to access data securely and quickly at one the largest franchisors. Initially, Exela will deploy DMR to remote working employees stationed near headquarters as part of phase one then expand to other personnel working in the home office. Eventually all field offices will be able to access digital mail. "The ever-evolving hybrid work environment has been a catalyst to our DMR solution and demand continues to rise across both enterprise and SMB customers," said Suresh Yannamani, President of Exela Technologies, "DMR's comprehensive feature set enabled us to sign one of the most recognizable logos on the globe." DMR is a document management system that digitizes mail and other documents to create secure, searchable, shareable digital assets. The platform also benefits from Exela's proprietary classification technology, which allows enterprises to intelligently route mail based on type to the relevant recipient or department without having to implement complex distribution and routing rules. This provides enterprise customers with the ability to receive and action critical correspondence in a timely and relevant fashion and also enables security teams to monitor volume and type of communications received outside of the usual electronic channels.
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MRNA | Hot Stocks08:37 EDT Moderna reports interim data from KidCOVE study of COVID-19 vaccine in children - Moderna announced interim data from the Phase 2/3 study, called the KidCOVE study, of mRNA-1273, the company's vaccine candidate against COVID-19, in children six to under 12 years of age. This interim analysis showed a neutralizing antibody response after two doses of mRNA-1273 at the 50 microgram dose level with a favorable safety profile. Moderna plans to submit these data to the FDA, European Medicines Agency, or EMA, and other global regulators in the near term. KidCOVE is a randomized, observer-blind, placebo-controlled expansion study to evaluate the safety, tolerability, reactogenicity and effectiveness of two 50 microgram doses of mRNA-1273 given to healthy children 28 days apart. The study population is divided into three age groups. Moderna is now reporting on the six to under 12 years of age cohort. This cohort enrolled 4,753 participants who were six to less than 12 years of age. In the trial, the SARS-Cov-2-neutralizing antibody geometric mean ratio comparing the response in children to the response in young adults from the Phase 3 COVE study was 1.5, with a seroresponse rate of 99.3%, representing a difference of 0.6% to the Phase 3 benchmark. These results demonstrate immune response in this cohort of children one month after the second dose and met the co-primary immunogenicity endpoints for 6 to less than 12 years olds in KidCOVE. MRNA-1273 was generally well tolerated with a safety and tolerability profile generally consistent with the Phase 3 COVE study in adolescents and adults. The majority of adverse events were mild or moderate in severity. The most common solicited adverse events were fatigue, headache, fever, and injection site pain. Safety data continue to accrue, and the study continues to be monitored by an independent safety monitoring committee. All participants will be monitored for 12 months after their second injection to assess long-term protection and safety. These data are subject to change based on ongoing data collection. The Company plans to submit data from the KidCOVE study to a peer-reviewed publication. The enrollment for the six years to under 12 years is complete, but the Phase 2/3 study continues to enroll children ages six months to under six years of age. The company has enrolled approximately 5,700 pediatric participants in the U.S. and Canada in the trial as a whole.
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AKTX | Hot Stocks08:35 EDT Akari Therapeutics announces new data with nomacopan - Akari Therapeutics announces data highlighting the potential of nomacopan in the surface of the eye in Allergy, European Journal of Allergy and Clinical Immunology. The article in Allergy summarizes a large body of work undertaken with University College of London and Moorfields Eye Hospital. The underlying work demonstrates a clear dose response effect for nomacopan. The optimal dose of nomacopan showed a greater reduction in inflammation score than cyclosporin and dexamethasone compared to control at day 10 in an experimental allergic eye disease model. The improvement in inflammation seen with nomacopan in this model is likely to be in part a consequence of the increased suppression of pro-inflammatory T helper 2, Th9 cells and cytokine IL-9 by nomacopan in comparison to cyclosporin and dexamethasone. This data complements Akari's Phase I/II study in severe AKC patients where nomacopan was comfortable and well tolerated and where Akari is exploring further patient targeted work in keratinizing and dry eye diseases. Akari is now collaborating on a topical mucous membrane pemphigoid, MMP, program. Over half of MMP patients have a type of disease that affects the surface of the eye for which there are no approved treatments. MMP shares a similar pathology with bullous pemphigoid where Akari has initiated a Phase III study with nomacopan. Clive Richardson, Chief Executive Officer of Akari, commented, "The new surface of the eye data is an important step forward in our program and highlights the potential benefits of nomacopan's differentiated bi-specific mode of action. Taken together with prior data this collectively points to the more severe form of these diseases as important clinical targets for nomacopan within the $6bn+ surface of the eye market.
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CSTL | Hot Stocks08:34 EDT Castle Biosciences acquiring Pittsburgh Life Science Greenhouse's Cernostics - Castle Biosciences is acquiring Cernostics, one of the portfolio companies of Pittsburgh Life Science Greenhouse. Cernostics specializes in spatial biology and artificial intelligence-driven image analysis of tissue biopsies. Its TissueCypher Barrett's Esophagus Assay is the first precision medicine test designed to predict future development of high-grade dysplasia and/or esophageal cancer in patients with Barrett's esophagus. Cernostics will become a wholly owned subsidiary of Castle Biosciences. At closing, Castle will pay $30M in initial consideration to Cernostics security holders, which may consist entirely of cash or $20M in cash and $10M in common stock of Castle, at Castle's sole discretion. The purchase price is subject to customary working capital and other adjustments. Further, up to an additional $50M in cash and/or common stock is payable in connection with the achievement of certain milestones based on 2022 performance. The transaction is expected to close prior to year-end 2021. The influx of capital PLSG expects to receive from Cernostics' acquisition will be reinvested back into the region to support the efforts of other life sciences startup companies. Cernostics' executive management team and other staff who are based in Pittsburgh are expected to stay with the company, and both laboratory and operations will remain in Pittsburgh.
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SMED | Hot Stocks08:33 EDT Sharps Compliance acquires Affordable Medical Waste for $2.2M - Sharps Compliance announced the acquisition of Affordable Medical Waste, a full-service, route-based provider of medical waste solutions to over 500 customer locations in the Midwest, primarily in Indiana. The purchase price for AMW was $2.2 million.
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VZ | Hot Stocks08:33 EDT Verizon lands $78M digital modernization contract with NDW - Verizon Public Sector has been awarded a $78M task order with Naval District Washington, NDW, through the federal government's Enterprise Infrastructure Solutions contract vehicle. Verizon Public Sector will serve as NDW's technology partner, updating their Time Division Multiplexing voice platform to a hosted Internet Protocol Voice Service at the agency's Indian Head, Md. facility. "Verizon's managed and professional services capabilities are leading the way when it comes to the federal government's transition from legacy infrastructure to the indispensable partnership and innovative solutions Verizon delivers," said Jennifer Chronis, Senior Vice President of Public Sector at Verizon. "This award builds on our recent wins with the U.S. Department of Defense and U.S. Department of Labor, and serves as another example of how Verizon is the market leader when it comes to public sector digital transformation." In addition to transitioning NDW to IPVS, Verizon will also be staffing positions at their Regional Operations Center. These Verizon personnel will help handle and track catastrophic events.
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BTG | Hot Stocks08:27 EDT B2Gold to sell Burkina Faso projects to West African Resources - B2Gold has entered into a binding agreement with West African Resources pursuant to which B2Gold has agreed to sell to WAF 100% of the issued and outstanding shares of Volta Resources, the holder of an 81% interest in the Kiaka gold project located in Burkina Faso. B2Gold will receive the following consideration: cash payment of $450K paid on execution of the Kiaka Agreement; $45M payable on closing of the Kiaka Transaction, comprised of 50% cash and 50% in WAF ordinary shares; $45M payable on the earlier of ) commencement of construction at the Kiaka Project completion of a positive feasibility study at the Kiaka Project, and October 25, 2022, in cash or WAF ordinary shares; 2.7% net smelter return royalty interest on the first 2,500,000 ounces of gold produced at the Kiaka Project, and a 0.45% NSR royalty interest on the next 1,500,000 ounces of gold produced at the Kiaka Project. The parties expect the Kiaka Transaction to be completed by the end of November. In addition, B2Gold has entered into an amended and restated purchase agreement with WAF and GAMS pursuant to sell to WAF 100% of the shares of Kiaka Gold SARL, the holder of the Toega gold project located in Burkina Faso and for GAMS to sell its 10% beneficial interest in the Toega Project. B2Gold holds a 90% beneficial interest in the Toega Project with GAMS holding the remaining 10%. B2Gold will receive a cash payment of $18M, $9M of which has been received, and on the first 1,500,000 ounces of gold produced at the Toega Project, a 2.7% NSR royalty until such time as the royalty payments total $22.5M and thereafter a 0.45% NSR royalty interest. The parties expect the Toega Transaction to be completed by the end of November.
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XGN | Hot Stocks08:26 EDT Exagen announces $27.2M debt refinancing - Exagen announced that it entered into an amendment to its loan and security agreement with its primary lender, an affiliate of Innovatus Capital Partners. The amended agreement provides a $27.2 million, 5-year term loan at 8.0% interest, of which 2.0% is paid in-kind in the form of additional term loans.
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WFC | Hot Stocks08:25 EDT Wells Fargo announces rebuilt mobile app, 'Fargo' virtual assistant - Wells Fargo a rebuilt mobile banking experience for consumer and small business customers, set to begin rolling out early next year, with an all-new virtual assistant, Fargo, to be added later in 2022. The enhanced digital capabilities are part of the company's multiyear strategy to become digital-first and reinvent digital personal finance, supported by increased investments in next generation technology and strategic partnerships with leading tech companies, Wells Fargo said in a statement.
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GTN | Hot Stocks08:23 EDT Gray Television announces private offering of senior notes - Gray Television announced that a special purpose wholly owned subsidiary of Gray intends to offer up to $1,125 million aggregate principal amount of senior notes due 2031, subject to market conditions. The offering will be exempt from the registration requirements of the Securities Act of 1933. The notes are being offered to finance, together with cash on hand and anticipated borrowings under Gray's senior credit facility, Gray's pending merger with Meredith Corporation pursuant to which Gray will acquire Meredith's local media group, immediately after and subject to Meredith's spin-off of its national media group to the Meredith shareholders, which was previously announced on May 3, 2021. If the Meredith Merger is consummated and certain other conditions are satisfied, the net proceeds from the offering will be released from escrow to fund the Meredith Merger, and Gray will become the obligor under the notes. Following the Assumption, the notes will be guaranteed, jointly and severally, by each existing and future restricted subsidiary of Gray that guarantees Gray's existing senior credit facility.
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MBCF | Hot Stocks08:22 EDT Itafos announces draft EIS for Conda mine life extension - Itafos announced a significant milestone on Conda's mine life extension with the publication of the Draft Environmental Impact Statement for the Husky 1/North Dry Ridge mine development project. The Company previously defined H1/NDR as the path forward for Conda's mine life extension following completion of the independent technical report encompassing Conda and Paris Hills deposits during 2019. The Draft EIS was prepared under the National Environmental Policy Act by the U.S. Department of the Interior Bureau of Land Management and the U.S. Department of Agriculture Forest Service. The NEPA process is designed to help public officials complete permitting decisions that are protective of the environment and includes a public engagement process. The Draft EIS was published on the Federal Register on October 22, 2021, which initiated a public comment period through December 6, 2021. On October 30, 2019, the Company announced the results of the independent technical report encompassing Conda and Paris Hills deposits and defined H1/NDR as the Company's path forward for mine life extension. The independent technical report was compiled by Golder Associates Ltd. and titled "NI 43-101 Technical Report on the Itafos Conda and Itafos Paris Hills Mineral Projects, Idaho, USA". On December 16, 2019, the Company announced the conversion of Mineral Resources to Mineral Reserves related to Conda's existing mines, which are expected to extend Conda's mine life through mid-2026.
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HI | Hot Stocks08:21 EDT Hillenbrand divests TerraSource global business - Hillenbrand has completed the planned divestiture of its TerraSource Global business pursuant to a Contribution Agreement between the company and certain affiliated companies of industrial holding company Right Lane Industries. Under the terms of the agreement, Hillenbrand contributed TerraSource and its subsidiaries to a newly formed entity, TerraSource Holdings, with RLI obtaining majority ownership and full operational control of TerraSource. In exchange for contributing the TerraSource business, the company received consideration in the form of a five-year note with initial principal amount of $25.6M, subject to certain adjustments, and also retained an indirect 49% ownership interest in Holdings. Hillenbrand's retained ownership interest entitles the company to typical shareholder rights including its pro rata share of future distributions and dividends, as well as proceeds of any future sale transaction. In addition, Hillenbrand is entitled to a $1.5M preferred dividend upon certain conditions in a future sale. The company announced in August 2020 its intention to divest sub-scale operations, including TerraSource and the company's flow control businesses, Red Valve and ABEL. This transaction completes the planned exit of those businesses.
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MFGCF | Hot Stocks08:20 EDT Mayfair Gold reports results from Fenn-Gib drill program - Mayfair Gold announced further drill results from the higher-grade Footwall Zone located between 100 and 200 meters to the north of the Fenn-Gib deposit. The Fenn-Gib deposit, located in the Timmins region of Northeast Ontario, hosts a pit-constrained Indicated Resource of 2.08M ounces with disseminated gold mineralization striking east-west on the Pipestone Fault over 1.25 kilometers and up to 300m wide. The Footwall Zone mineralization is not included in the current Fenn-Gib resource and is a priority target in Mayfair's Phase 1 50,000m drilling campaign. The infill and expansion drilling is being supported by four drill rigs with 44,052m completed to date in 65 holes. The Footwall Zone target consists of multiple mineralized zones hosted primarily in the footwall mafic volcanic assemblage within the general east-west trending Pipestone Fault mineralized corridor. Mineralization consists of bleached, buff-altered pillowed mafic volcanic with pyrite ranging from 2% to over 20%. The latest Footwall Zone drill results continue to intersect significant gold mineralization, building on the previously reported results. Highlights of the newly reported mineralized intervals include: Drill Section 558525E which includes 2011 historical drill hole FG-11-05 that intersected 3.62 g/t gold over 59.0m and 4.22 g/t Au over 6.0m. FG21-166 intersected 1.42 g/t Au over 66.0m, including 3.4 g/t Au over 19.2m and also 6.20 g/t Au over 9.2m. This intersection is located approximately 180m above the mineralized intersection in historical hole FG-11-05. A lower zone in hole FG21-166 returned 1.02 g/t Au over 34.0m, including 11.49 g/t Au over 1.0m; FG21-170 intersected 37.51 g/t Au over 2.6m and 59.05 g/t over 1.0m; and Assay results are pending for holes FG21-173 and 179 drilled on the same section. Drill Section 558575E which includes 2011 historical drill hole FG-11-08 that intersected 2.24 g/t Au over 39.4m and 4.50 g/t Au over 5.7m. FG21-186 intersected 2.31 g/t Au over 30.0m, including 6.58 g/t Au over 7.0m. This intersection is located approximately 220m above the mineralized intersection in historical hole FG21-11-08; FG21-195 intersected 1.28 g/t Au over 28.0m, including 1.74 g/t Au over 16.0m. This intersection is located approximately 160m above the mineralized intersection in historical hole FG21-11-08; and Assay results are pending for holes FG21-183, 188 and 192 drilled on the same section. The Footwall Zone drilling is continuing on Drill Section 558600E which includes Mayfair drill hole FG21-139 that intersected 1.94 g/t Au over 38.0m, including 4.06 g/t Au over 15.0m. FG21-199b, the first follow-up drill hole on this section, has been completed, and the second hole FG21-203 is in progress. The drill rig will continue testing the northeast-trending Footwall Zone at 50m step-outs with 3 to 4 holes per set-up. The latest drill results from the Footwall Zone are summarized in Table 1 below. Additional results will be released as they are received.
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IBEX | Hot Stocks08:18 EDT Ibex unveils new FinTech CX solution suite - ibex announced the availability of a new solution suite aimed at creating superior customer engagement for FinTech organizations and their consumers. Coupled with recent advancements made across the ibex Wave X technology platform, these solutions help deliver superior omni-channel customer engagement for the company's clients. ibex is showcasing the new offering this week at Money20/20 USA. The ibex FinTech solution suite facilitates enhanced customer communications across multiple channels including voice, chat, email, text and social media to facilitate engagement with customers on a more personal level using the customer's preferred communications platform. In addition, the ibex solutions help FinTech companies increase productivity, reduce costs, meet compliance requirements and protect their brand reputation. Key capabilities found in the ibex solution suite include: Live CX Engagement and Support - Trained on powerful simulation tools and equipped with A.I. augmented workstations, ibex's award-winning CX professionals are trained and ready to deliver a faster path to proficiency and elevate the overall customer experience. Fraud Prevention and Compliance - Comprehensive fraud prevention, detection, and compliance management system designed to ease and expedite fraud investigation workflows by identifying and highlighting PII-related infractions and potential non-compliance events. Business Intelligence - ibex's powerful BI engine provides critical end-to-end customer journey analytics and data, key performance indicators, and real-time customer analysis to help provide enhanced customer engagement and world-class customer experiences. Social Reputation Management - A unified, comprehensive view of social performance and customer feedback across nearly 100 channels. Reduce response and resolution time by managing all communications streams while identifying common customer insights and critical customer sentiment information. Customer Feedback and Analytics - Understand business strengths and customer concerns through end-to-end survey delivery, management and action. Through the use of customized and branded surveys at any customer touchpoint, ibex performs real-time analytics to help you resolve customer issues and build lifetime brand advocates.
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DICE | Hot Stocks08:18 EDT Dice Therapeutics initiates Phase 1 clinical trial of S011806 - DICE Therapeutics announced that the first healthy volunteer has been dosed in the company's Phase 1 clinical trial of S011806. S011806 is an orally-available, small molecule antagonist of the pro-inflammatory cytokine, interleukin-17, IL-17, which is a validated drug target for the treatment of a variety of immunological diseases. The Phase 1 trial of S011806 is designed to generate safety and pharmacokinetic data, as well as provide early clinical proof-of-concept in psoriasis patients. "S011806 is designed to be a highly selective and potent orally administered inhibitor of the IL-17 cytokine, a well-validated target in psoriasis, psoriatic arthritis, ankylosing spondylitis and non-radiographic axial spondylarthritis," said Kevin Judice, Ph.D., founder and CEO of DICE Therapeutics. "The initiation of this clinical trial for S011806, the first of several programs in our IL-17 franchise, marks a major milestone in our mission to bring an effective and convenient oral therapy to patients suffering from IL-17 mediated diseases like psoriasis." The Phase 1 clinical trial is a first-in-human, randomized, double-blind, placebo-controlled study that will evaluate S011806 in healthy volunteers and psoriasis patients in the UK. The trial will evaluate single and multiple ascending doses in healthy volunteers to understand the safety and pharmacokinetics of S011806. In addition, the Phase 1 clinical trial will evaluate the safety, pharmacokinetics, pharmacodynamics and efficacy of S011806 across two dose regimens in psoriasis patients, which could provide early clinical proof-of-concept and dose selection guidance for use in future studies.
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RAIN | Hot Stocks08:17 EDT Rain Therapeutics hosting research and development day - Rain Therapeutics announced that it will host a virtual Research and Development day on Tuesday, November 9, 2021 from 11:00 am to 2:00 pm Eastern Time. The event will feature presentations from prominent key opinion leaders in oncology to discuss cancer populations where tumors may rely on MDM2-mediated p53 loss. "We are excited to share a detailed update on our plans for milademetan in our inaugural R&D day," said Avanish Vellanki, co-founder and chief executive officer of Rain. "We look forward to hosting several KOLs in oncology to discuss the potential opportunity in various MDM2-dependent patient populations."
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MRSN CNST | Hot Stocks08:17 EDT Mersana Therapeutics appoints Mohan Bala as SVP, strategic product planning - Mersana Therapeutics (MRSN) announced the appointment of Mohan Bala, Ph.D., as SVP, Strategic Product Planning & Program Leadership, effective Monday, October 25, 2021. Dr. Bala will assume strategic product planning responsibilities from Brian DeSchuytner who has been named SVP and CFO. Mr. DeSchuytner will continue to lead finance, business development, corporate strategy and investor relations and remain Mersana's principal financial officer. Mohan Bala, Ph.D., was most recently Chief Operating Officer at Constellation Pharmaceuticals (CNST).
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RCM | Hot Stocks08:15 EDT R1 RCM announces revenue cycle partnership extension with APP - R1 RCM announced that American Physician Partners, APP, has extended its revenue cycle management partnership with R1 until 2031. APP selected R1 as a revenue cycle partner in 2019. "It's crucial for organizations like APP to work with an experienced partner that is committed to the emergency medicine market and makes necessary investments to not only deliver significant operational and financial improvements, but also provide national scalability to meet their growth needs," said Vijay Kotte, executive vice president and chief solutions officer at R1. "We look forward to partnering with APP for another 10 years and helping them achieve their goals."
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BE | Hot Stocks08:15 EDT SK ecoplant to invest $500M in Bloom Energy through expanded partnership - Bloom Energy and SK ecoplant, an affiliate of South Korean conglomerate SK Group, announced the companies are expanding their existing partnership. The partnership includes purchasing a minimum of 500 megawatts, or MW, from Bloom Energy, representing a $4.5B revenue commitment; co-creating two hydrogen innovation centers; and targeting an equity investment of approximately $500M. Since the start of their strategic partnership three years ago, Bloom Energy and SK ecoplant have transacted nearly 200 MW of projects together totaling more than $1.8B of equipment and expected service revenue. Over the next three years the companies will expand this existing business with contracts for at least an additional 500 MW of power between 2022 and 2025, representing approximately $4.5B in equipment and future service revenue. Bloom Energy and SK ecoplant agreed to create Hydrogen Innovation Centers in the United States and South Korea. The intent is to accelerate the global market expansion for Bloom Energy's hydrogen fuel cell and hydrogen electrolyzer products. The agreement also reflects both Bloom Energy and SK ecoplant's enhanced commitment to a zero-carbon future and the further implementation of environmental, social and governance practices. In addition, Bloom Energy and SK ecoplant agreed to strengthen their alliance through expanding business cooperation in global markets, which may include exclusive distribution rights in select new markets. SK ecoplant will invest $255M in Bloom Energy by acquiring 10M shares of zero coupon, non-voting redeemable convertible preferred stock at a price of $25.50 per share. SK ecoplant has the option to acquire a minimum of an additional 11M shares of Class A common stock at a 15% premium to the prevailing stock price at the time, which must be no later than November 30, 2023 and is subject to a maximum ownership of 15%. Upon completion of SK ecoplant's purchase of its second tranche, SK ecoplant will add a member to the Bloom Energy board of directors. SK will give an irrevocable proxy to vote its shares to Bloom Energy. The investment is subject to customary closing conditions and regulatory approvals and is expected to close within 45 days.
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WSC | Hot Stocks08:15 EDT WillScot Mobile Mini acquires Sommer's Mobile Leasing - WillScot Mobile Mini Holdings announced that it closed the acquisition of Sommer's Mobile Leasing, Inc. The transaction was funded with cash on hand and borrowings under the Company's revolving credit agreement. This acquisition adds about 1,200 modular units and about 500 storage units in the Company's existing U.S. markets in Ohio and West Virginia.
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ETWO | Hot Stocks08:14 EDT E2open COO buys 6K shares of common stock - In a regulatory filing, E2open disclosed that its COO Peter Hantman bought 6K shares of common stock in a transaction size of $75K on October 21st. Shares of E2open are up 2.1% in pre-market trading at $12.50.
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ENZ | Hot Stocks08:13 EDT Radoff issues letter to Enzo independent directors regarding shareholder unrest - Bradley Radoff, who together with his affiliates holds approximately 7.5% of the outstanding common shares of Enzo Biochem issued the following open letter to the independent members of the Company's Board of Director: "I am writing to address your seemingly hollow and tone-deaf response to my October 19th letter to recently-appointed directors Dr. Mary Tagliaferri and Dr. Ian B. Walters. As you know, my letter raised a number of substantive concerns pertaining to the Company's corporate governance, long-term underperformance and strategy. Your unwillingness to promptly address any of those concerns - over the phone or in writing - speaks volumes about your collective lack of respect for shareholders, including the astounding four 13D filers in the Company's investor base. The Board's reactionary invitation to interview my nominees - without any acknowledgement that a shareholder-driven director refresh is needed - is an insufficient response to my letter, and suggests you are simply trying to run a sham process. The caveats included in the invitation - which does not even concede the validity of our nominations - are also indicative of the Company's long-standing disregard for sound governance and shareholder rights. I will not participate in a check-the-box exercise being carried out by so-called independent directors who are yet to acknowledge or address the unprecedented shareholder unrest at Enzo."
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APTO | Hot Stocks08:13 EDT Aptose Biosciences expands senior leadership team - Aptose Biosciences announced the appointment of two key members to its management team to support the company's finance and operations functions: Janet Clennett has been named to Vice President, Finance; and Roger Davies joins Aptose as Vice President, Operations. Janet Clennett has been named to the role of Vice President, Finance at Aptose. Clennett joined Aptose in 2017 as Director of Finance and she continues to oversee financial operations, including financial reporting and accounting. Roger Davies brings to Aptose more than 25 years of senior clinical project management experience. In his role of Vice President, Operations, he assumes oversight of Aptose's general operations, including human resources, cross-functional communications, information technology and project management.
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SIMO | Hot Stocks08:12 EDT Silicon Motion raises annual dividend 43% to $2.00 per ADS - ilicon Motion Technology announces its annual cash dividend of $2.00 per ADS, a 43% increase from the $1.40 per ADS declared in 2020.
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NVS | Hot Stocks08:11 EDT Novartis reports CANOPY-1 Phase 3 study did not meet primary endpoints - Novartis announced that the CANOPY-1 Phase 3 study did not demonstrate the statistically significant primary endpoints of overall survival, or OS, and progression-free survival, or PFS, in patients treated with canakinumab combined with pembrolizumab plus platinum-based doublet chemotherapy, compared to patients receiving placebo in combination with pembrolizumab plus platinum-based doublet chemotherapy. "The trial data, however, showed potentially clinically meaningful improvements in both PFS and OS in pre-specified subgroups of patients based on the baseline inflammatory biomarker, hs-CRP, as well as other biomarker-defined subgroups. These data support further evaluation of canakunimab in lung cancer," Novartis stated. John Tsai, MD, Head of Global Drug Development and Chief Medical Officer, Novartis, added: "While this trial did not confirm the benefit for all patients we hoped for, we are energized by the overall CANOPY-1 findings as they support our commitment to continue studying canakinumab in lung cancer. We share our gratitude and thanks to the CANOPY-1 study patients and clinical investigators for their partnership." The comprehensive CANOPY clinical trial program continues with CANOPY-A, a Phase III study investigating canakinumab as an adjuvant therapy, and CANOPY-N, a Phase II study in the neoadjuvant setting. Enrollment for both trials is ongoing. "Patients in the CANOPY-A trial more closely reflect the earlier CANTOS study population than those in the CANOPY-1 trial. CANTOS was the first study to show that blocking the IL-1beta inflammatory signal may potentially reduce lung cancer's incidence and mortality," the company said.
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UNIT | Hot Stocks08:11 EDT Uniti Group executes twenty-year contract with hyperscale customer - Uniti Group announced that it has executed a twenty-year contract with a large, international hyperscale customer to provide high-strand count fiber infrastructure along a route to connect key data centers in Pittsburgh, PA and Ashburn, VA. The deal completes a new master agreement with yet another hyperscale customer for Uniti. This agreement represents the continued lease-up of Uniti's owned 123,000 fiber route mile national network, including lease-up of the dark fiber Uniti acquired the rights to as part of its settlement agreement with Windstream.
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NCR | Hot Stocks08:10 EDT NCR Corp. expands self-checkout partnership with Royal Farms - NCR Corp. announced that Royal Farms, a privately owned chain of convenience stores, is expanding its partnership with NCR to equip all of its 250+ stores with self-checkout solutions. This self-checkout rollout adds to the existing NCR solutions that Royal Farms has in place, including its enterprise point-of-sale software.
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AADI GILD | Hot Stocks08:09 EDT Aadi Bioscience appoints Loretta Itri as Chief Medical Officer - Aadi Bioscience (AADI) announced the appointment of Loretta Itri, M.D., FACP, to the role of Chief Medical Officer, CMO. Most recently, Dr. Itri was Chief Medical Officer at Immunomedics, where she oversaw the development program and approval of TRODELVY, the first TROP-2 directed antibody-drug conjugate for the treatment of unresectable locally advanced or metastatic triple-negative breast and urothelial cancers. Immunomedics was subsequently acquired by Gilead Sciences (GILD).
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EYEN | Hot Stocks08:09 EDT Eyenovia announces FDA reclassification of MydCombi - Eyenovia announced that MydCombi, the company's proprietarycombination microdose formulation of tropicamide and phenylephrine for in-office pupil dilation, has been reclassified as a drug-device combination product by the U.S. Food and Drug Administration in a Complete Response Letter for the company's new drug application received on October 22, 2021. Eyenovia will provide additional information to the FDA, as requested in the CRL, as soon as possible, including information necessary to meet additional requirements under Genus Medical Technologies, LLC v. FDA. Genus refers to a recent decision by the U.S. Court of Appeals for the District of Columbia Circuit which has resulted in an agency-wide reclassification by FDA of certain drugs to devices or to drug-device combination products. There were no issues raised related to the phase III clinical program for MydCombi. "While we were surprised by the FDA's position in the CRL, given our original FDA designation, we understand the unusual situation created by the impact of the Genus case, which compelled an Agency-wide reclassification," stated Dr. Sean Ianchulev, CEO and CMO of Eyenovia. "Fortunately, we had taken actions throughout the development of MydCombi to minimize the impact of a potential reclassification by the FDA. We are preparing additional documentation requested by the FDA and look forward to resubmitting our NDA in early 2022 for the FDA's review. Since the device used for MydCombi has commonality with that used in the MicroLine and MicroPine programs, we believe that the information submitted in support of MydCombi will pave the way in advance of those regulatory submissions. In fact, we are on track to initiate our second Phase III MicroLine study for presbyopia in the coming days." The Company's current total pro forma cash balance is approximately $30.7 million after the sale of approximately 1.8 million shares of common stock earlier this quarter through the Company's At The Market offering facility. The Company believes its total unrestricted and restricted cash balance will be sufficient for the resubmission of the NDA for MydCombi, completion of the MicroLine clinical program and other planned activities through the beginning of 2023. Eyenovia announced FDA acceptance of the MydCombi NDA in March 2021. The NDA was based on the MIST-1 and MIST-2 studies. In these two Phase 3 studies, a fixed combination of micro-dosed tropicamide 1% and phenylephrine 2.5% ophthalmic solution met the studies' primary endpoints and was shown to be well-tolerated and effective for pharmacologic mydriasis. Approximately 94% of treated eyes achieved 6mm or greater dilation at 35 minutes post-instillation. Adverse events were infrequent, with fewer than 1% of patients reporting blurred vision, reduced acuity, photophobia or instillation site pain.
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PHI | Hot Stocks08:09 EDT PLDT to build 'hyperscaler' data center facility in Philippines - PLDT, together with ePLDT, is set to build the first and biggest data center in the country designed to service the massive power and IT requirements of global hyperscalers. It will be telco neutral and will incorporate sustainability in its design and operations. The facility will be Tier-3 certified and Tier-4 ready once it starts operations. In line with the government's initiatives to make the Philippines a more attractive destination for hyperscalers, the PLDT Group is further enhancing its network of data centers to serve and deliver the much bigger requirements of hyperscalers, particularly to service their availability zones which are the core nodes of their global network to deliver the cloud solutions.
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JZXN | Hot Stocks08:08 EDT Jiuzi Holdings enters into strategic cooperation agreement with EGO Group - Jiuzi Holdings has entered into strategic cooperation agreement with EGO Group, an industry park operator in China, to achieve long term mutual business growth. JZXN will offer EGO's clients to purchase its new energy vehicle and rent services at discounted prices. On the other hand, EGO will market the company's products and services on its mobile application and internal network. EGO will also authorize JZXN to set up demonstration center within its industrial parks. Through this cooperation, the two parties also expect to form a more effective initiative to communicate with the local government and gain additional policy supports. As of September 2020, EGO has been operating at more than 300 industrial parks within 29 provinces, managing 15.4 million square meters property, and serving over 100,000 enterprise clients.
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IS | Hot Stocks08:07 EDT ironSource to acquire marketing software company Bidalgo, no terms - ironSource announced that it entered into an agreement to acquire marketing software company Bidalgo. Bidalgo's technology empowers app marketers to drive growth by giving them unparalleled visibility and control over their marketing investment. Together with ironSource's current creative management solution, Luna Labs, this acquisition allows ironSource to offer a wider spectrum of marketing-focused products, increasing the power and value of its platform for app marketers. In addition, the acquisition is intended to deepen ironSource's market presence across the entire App Economy, given Bidalgo's customer base in apps beyond games, including leading social, dating and e-Commerce apps, who use Bidalgo's technology to manage and optimize their marketing spend. "In order to successfully grow their apps, it's critical that app developers are able to measure, control, and effectively allocate funds across multiple marketing channels. That's why it made perfect sense to partner with Bidalgo in offering truly cross-channel management and optimization of every element of marketing activity through the ironSource platform," said Omer Kaplan, CRO and co-founder of ironSource. "This acquisition is part of a wider strategy, which includes the acquisition of Luna Labs earlier this year, to build a full marketing stack within the ironSource platform. The combination will give app marketers an end-to-end solution for their entire marketing operation in one place, from creating ads through managing campaigns across channels and optimizing them."
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AMAL | Hot Stocks08:07 EDT Amalgamated Bank commits to net zero targets by 2045 - Amalgamated Bank announced formal targets to achieve 49% reductions in 2030 and net zero greenhouse gas emissions in its financing and operations by 2045-five years ahead of the 2050 global deadline for net zero emissions, as stated by the UN Intergovernmental Panel on Climate Change.
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COMM | Hot Stocks08:07 EDT CommScope CFO Alex Pease to step down, Kyle Lorentzen to succeed - CommScope announced a number of changes to its finance functions, including the appointment of Kyle Lorentzen, currently senior vice president and chief transformation officer, as executive vice president and chief financial officer, effective November 1. Lorentzen succeeds Alex Pease, who is stepping down to assume a senior executive role at another public company, which is expected to be announced later this week. The company also announced that Justin Coleman, who currently serves as senior vice president, finance, will assume Lorentzen's current role as chief transformation officer, and Brooke Clark, currently senior vice president and chief accounting officer, will take on the additional responsibility of leading the corporate financial planning and analysis function. Lorentzen will continue to oversee the transformation office, with Coleman and Clark reporting directly to him.
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LUMN CSCO | Hot Stocks08:07 EDT Lumen, Cisco expand partnership - Lumen Technologies (LUMN) and Cisco (CSCO) announced they have expanded their partnership to include a new offering: Lumen Solutions for Cisco Unified Communications Manager Cloud. This new product pairs Cisco's most advanced, cloud-based collaboration services with the reliability and speed of Lumen's global fiber network, which makes it an ideal solution for businesses that have already invested in Cisco Webex, or those that are considering it.
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ENPH | Hot Stocks08:06 EDT Enphase Energy launches IQ8 solar microinverters - Enphase Energy announced the all-new, all-in-one Enphase Energy System with IQ8 solar microinverters for customers in North America. IQ8 is Enphase's smartest microinverter yet. Unlike competing devices, IQ8 is capable of forming a microgrid during a power outage using only sunlight, providing backup power even without a battery.
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PRPL | Hot Stocks08:06 EDT Purple Innovation names as Chief People Officer - Purple Innovation announced that Jack Roddy has been appointed as Chief People Officer, with responsibility for the company's human resources, company culture, talent acquisition and diversity, equity and inclusion efforts. Most recently, Jack was the Chief People Office for VASA Fitness, a fast-growing health and wellness company headquartered in Orem, Utah.
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AUID | Hot Stocks08:06 EDT authID.ai announces biometric authentication solution Verified - Following its mission to eliminate one-time passwords and account fraud, identity authentication as-a-service provider authID.ai announced its biometric authentication solution, Verified is now available for a free, 14-day trial by signing up online. authID delivers mobile facial biometric authentication that offers greater assurance than legacy one-time passwords and knowledge-based authentication. Now, companies of all sizes can access authID APIs for identity verification and authentication, and test APIs in a sandbox environment with up to 10 users and 100 transactions for free.
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HAPP | Hot Stocks08:05 EDT Happiness Biotech acquires majority ownership in Fujian Shennong - Happiness Biotech and its wholly owned-subsidiary, Fujian Happiness, have signed a share transfer agreement to acquire 70% of the equity interest in Fujian Shennong to further strengthen the Company's industrial integration. Fujian Shennong is a company focusing on the trading of agriculture products and supply chain management. Fujian Shennong had generated annual revenues of over $20M on average from FY14 to FY19. Due to the outbreak of COVID-19 in early 2020, Fujian Shennong was not able to return to the normal level until 2Q21. The parties agreed that the valuation of Fujian Shennong is approximately $16.1M. Happiness Biotech will issue 4.2 million shares to a certain equity owner of Fujian Shennong and make a cash payment of approximately $7.5M in exchange for the 70% equity of Fujian Shennong.
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ENV | Hot Stocks08:05 EDT Envestnet, YieldX announce strategic partnership - Envestnet and YieldX announced they are entering into a strategic relationship. Envestnet will distribute YieldX technology and products through its platform, empowering advisors to help clients achieve better fixed-income investment outcomes. Completing a year of significant growth and opportunity, YieldX also closed its round of Series A funding led by Envestnet. The investment made by Envestnet will be used to further scale YieldX's quant, engineering, and analytics teams in order to support the company's vision of bringing sophisticated fixed income investment capabilities to a much larger universe of investors. Additionally, YieldX plans to expand its API suite to facilitate personalization at scale on a modern technology stack, add new data and integrations, expand existing ESG and impact customization capabilities, and further execute on the go-to-market strategy across various use cases.
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ALLK | Hot Stocks08:04 EDT Allakos presents data from prospective study on eosinophilic gastritis - Allakos announced that its poster, "High Discovery Rate of Eosinophilic Gastritis and/or Duodenitis Among Patients with Chronic Unexplained Gastrointestinal Symptoms," received a Presidential Poster Award at the American College of Gastroenterology 2021 Annual Scientific Meeting. The poster reports the results from a prospective study which examined the rates of elevated tissue eosinophils in over 400 patients with moderate-severe unexplained gastrointestinal symptoms, most of whom had a diagnosis of gastroesophageal reflux or a functional gastrointestinal disorder such as irritable bowel syndrome or functional dyspepsia. Millions of people in the U.S. suffer with chronic, unexplained GI symptoms, which can dramatically impact quality of life. The results suggest that EG/EoD may be an underrecognized cause of chronic unexplained GI symptoms, and that systematic evaluation for EG/EoD, including a standardized biopsy and histopathology method, is warranted in these patients.
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SYNL | Hot Stocks08:04 EDT Synalloy acquires DanChem for $32.95M - Synalloy has acquired DanChem. DanChem is a chemicals contract manufacturing organization with three production plants located on an owned 55-acre campus in Danville, Virginia. Under the terms of the agreement, Synalloy acquired DanChem for $32.95M, which was funded by the company's existing credit facility. In 2021, DanChem is expected to generate approximately $30M in revenue with an approximate 18% adjusted EBITDA margin. DanChem brings to Synalloy over 120 direct personnel across its three production plants, and the company's management team will continue to serve in current and expanded roles to further accelerate the growth of Synalloy Chemicals. The acquisition closed on October 22.
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ONEXF | Hot Stocks08:03 EDT Onex saus ONCAP completes sale of Bradshaw Home - Onex Corporation announced that ONCAP has completed the sale of Bradshaw Home to Arbor Investments. Bradshaw Home is a leading designer, marketer and category manager of high-quality kitchen tools and gadgets, bakeware, cookware, food storage and home cleaning products to retailers across North America. The terms of the transaction were not disclosed.
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PTCT | Hot Stocks08:03 EDT PTC Therapeutics' Translarna approved for children with Duchenne in Brazil - PTC Therapeutics announced that the Brazilian National Health Surveillance Agency, ANVISA, has approved the expansion of the indication of Translarna to include ambulatory children aged 2 to 5 years old with nonsense mutation Duchenne muscular dystrophy. This broadens the use beyond the previous age range of 5 years and older. Duchenne is a severe progressive disease that leads to rapidly worsening muscle function with children often using a wheelchair by early adolescence and eventually requiring artificial ventilation to breathe.Translarna is the only treatment for the underlying cause of Duchenne caused by a nonsense mutation.
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WEC | Hot Stocks08:03 EDT WEC Energy names Scott Lauber as CEO, effective Feb. 1, 2022 - The board of directors of WEC Energy Group took the next steps in the company's succession planning process, providing continuity and senior leadership for the next chapter of the company's growth, development and service to customers. Gale Klappa will continue to serve as executive chairman until May 2024. Scott Lauber, currently COO, is promoted to president and CEO effective Feb. 1, 2022. In his new role, Lauber will report to Klappa. Kevin Fletcher, currently president and CEO, has announced his plan to retire. From Feb. 1, 2022, until his retirement in June, Fletcher will serve as a senior adviser to help ensure a seamless transition.
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PAE | Hot Stocks08:00 EDT PAE to be acquired by Amentum for $1.9B in cash - Amentum and PAE announced a definitive agreement under which an affiliate of Amentum will acquire PAE. The all-cash transaction for all outstanding shares of common stock of PAE is valued at approximately $1.9B, including the assumption of debt and certain fees. The transaction was approved by PAE's board of directors and is subject to PAE shareholder approval and other customary closing conditions, including regulatory approvals. The transaction is expected to close by the end of Q1 of 2022.
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DMTTF | Hot Stocks07:52 EDT Small Pharma announces European patent grant for ketamine-based patent portfolio - Small Pharma announced that it has received European patent grant number EP 3 463 323 as acceptance for its European patent application No. 17 728640.8. The patent grants certain protections for oral dosage forms of a range of 2R,6R-hydroxynorketamine based compounds, including the Company's preclinical candidate SPL801B, for the treatment of depressive disorders. The European patent office has determined the patentability of the novel dosage forms of 6-HNK, an active ketamine metabolite. The European patent also provides protection for a solid oral dosage form of SPL801B for administration, in combination with a serotonin modulator, for use in the treatment of depressive disorders. Early preclinical studies of SPL801B have shown signs of potential antidepressant effects without the psychoactive effects typically associated with ketamine.
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SABS BCYP | Hot Stocks07:51 EDT SAB Biotherapeutics completes business combination with Big Cypress Acquisition - SAB Biotherapeutics (SABS) announced the completion of its business combination with Big Cypress Acquisition Corp. (BCYP). The common stock and warrants of the resulting combined company, SAB Biotherapeutics Inc. will commence trading on the Nasdaq Global Market under the ticker symbol "SABS" and "SABSW", respectively, on October 25, 2021. The stockholders of Big Cypress approved the transaction at a Special Meeting held on October 20, 2021. The transaction was previously approved by SAB's shareholders. SAB's management team will be led by Eddie Sullivan, Ph.D., Co-Founder, President, and CEO, who previously served as President, and CEO. Samuel Reich, formerly CEO and CFO of Big Cypress, and Jeffrey Spragens, Big Cypress' Chairman of the Board of Directors, will join the SAB Board of Directors, with Mr. Reich assuming the role of Executive Chairman. On June 22, 2021, SAB entered into a definitive business combination agreement with Big Cypress Acquisition Corp., a blank check company focused on innovative biopharmaceutical firms, which was created for the purpose of entering into a business combination with a selected biopharmaceutical company and bringing the combined entity to the NASDAQ. The gross proceeds from the transaction after redemptions and before deducting transaction fees are approximately $30M. SAB intends to use the proceeds from the transaction to progress its pipeline programs and to augment its recent $60.5M award from the government, in addition to approximately $27M remaining from previous awards.
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RSGUF | Hot Stocks07:48 EDT Rogers Sugar says employees vote against proposed bargaining agreement - Rogers Sugar announced that employees of the main bargaining unit of the its Montreal refinery have voted against the memorandum of agreement reached by Lantic, the Corporation's wholly owned subsidiary, and union leaders last week. The parties agreed to meet in upcoming days to resume discussions. The Montreal refinery employs approximately 200 unionized workers. The collective bargaining process between Lantic and its four Montreal unions began last winter in light of the expiry of a 5-year collective agreement at the end of May.
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LXXGF | Hot Stocks07:47 EDT Lexagene Holdings completes analytical studies for FDA EUA of COVID-19 testing - LexaGene Holdings announced it has completed its analytical studies required by the FDA for an Emergency Use Authorization application for COVID-19 diagnostics. LexaGene is in the process of completing the necessary work to have the FDA rule on authorizing the MiQLab for COVID-19 testing. The FDA is expected to classify the MiQLab as a class II medical device. As such, the process of preparing its point-of-care fully-automated PCR system, which is comprised of hardware, firmware, software, and chemistry, for evaluation by the FDA, is considerably more complex than if it were simply submitting only a COVID-19 PCR test chemistry for FDA authorization.
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ADS | Hot Stocks07:41 EDT Alliance Data's Bread, Sezzle enter strategic partnership - Alliance Data's Bread business will offer its pay-over-time installment loan product through Sezzle's merchant network. Sezzle is a buy now, pay later solution. Sezzle will leverage Bread's deep underwriting and installment loan product to reach more customers buying big-ticket items, while offering a comprehensive product suite to its merchant partners. Acquired by Alliance Data in December 2020, Bread is a payments technology company. Through the partnership, Bread will originate the loans through its affiliate Comenity Capital Bank.
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APDN | Hot Stocks07:41 EDT Applied DNA Sciences requests EUA from FDA for its Covid mutation panel - Applied DNA Sciences announced that it has submitted its request for Emergency Use Authorization to the U.S. Food and Drug Administration for its Linea SARS-CoV-2 Mutation Pan. The Mutation Panel is designed for the qualitative detection of the E484K, E484Q, L452R, and N501Y SARS-CoV-2 genetic mutations in samples that have tested positive for COVID-19 on the Company's EUA authorized Linea COVID-19 Assay Kit. The E484K, L452R, and N501Y mutations have been identified by the Centers for Disease Control and Prevention as potentially having a negative impact on the efficacy of certain anti-SARS-CoV-2 monoclonal antibody treatments and have been identified by the CDC as substitutions of therapeutic concern. The Mutation Panel is comprised of four separate Single Nucleotide Polymorph genotyping assays that utilize allelic discrimination plot analysis to identify whether a sample contains the wildtype or mutant sequence for the targeted mutation. The Mutation Panel is configured to be used with high-throughput robotic extraction platforms and RT-PCR analysis on the QuantStudio Dx RT-PCR instrument. During validation studies, the Mutation Panel showed 100% concordance with the results obtained from Next Generation Sequencing. Dr. James A. Hayward, president and CEO of Applied DNA, stated, "Distribution of a previously EUA-authorized, single-agent mAb treatment was halted due to SARS-CoV-2 mutations that are detected by our Mutation Panel. In addition, a currently EUA-authorized mAb treatment is known to be negatively impacted by mutations detected by our Mutation Panel. As such, we believe that if the Mutation Panel becomes EUA-authorized, testing for the genetic mutations targeted in our Mutation Panel may be warranted prior to the administration of mAb treatments known to be impacted by some of the mutations detected by our Panel, especially in geographic areas where the mutations are known to be circulating.
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LOTZ | Hot Stocks07:40 EDT CarLotz to open hub in greater Los Angeles-area - CarLotz announced it will open a hub to serve the greater Los Angeles-area. Located at 85 Auto Center Drive in Pomona, California, this is CarLotz's second location to open in the Golden State this year and will provide Los Angeles-area guests with easy access to its service, value and inventory.
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ARAY | Hot Stocks07:39 EDT Accuray's CyberKnife platform shows breast cancer survival improvement in study - Accuray announced that a study published in Frontiers in Oncology found early-stage breast cancer patients could experience significant improvements in survival if treated with accelerated partial breast irradiation delivered using the Accuray CyberKnife robotic radiotherapy platform. Study investigators performed complex modeling that also indicates the survival rate could be better with CyberKnife APBI than other radiation delivery approaches. The CyberKnife platform is equipped with artificial intelligence-driven motion synchronization technology, Synchrony, that adjusts the radiation beam to the patient or tumor movement, keeping on target throughout the treatment, reducing patient burden.
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KMB | Hot Stocks07:39 EDT Kimberly-Clark sees FY21 organic sales decline of 1%-2% - Prior view was organic sales decline of 0%-2%. FY21 revenue consensus $19.42B. Cites higher input cost inflation.
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ARWR | Hot Stocks07:37 EDT Arrowhead files application for clearance to begin ARO-C3 trial - Arrowhead announced that it has filed an application for clearance to begin a Phase 1/2a clinical trial of ARO-C3, the company's investigational RNA interference, or RNAi, therapeutic being developed as a treatment for patients with various complement mediated diseases. Arrowhead will host a key opinion leader webinar on October 26 to discuss ARO-C3 and the company's development plans. An application for approval of the clinical trial is being submitted to a local Ethics Committee and to the New Zealand Medicines and Medical Devices Safety Authority for review by the Standing Committee on Therapeutic Trials. Pending clearance, Arrowhead intends to proceed with AROC3-1001, a Phase 1/2a dose-escalating study to evaluate the safety, tolerability, pharmacokinetics, and pharmacodynamics of ARO-C3 in up to 24 adult healthy volunteers and in up to 24 adult patients with paroxysmal nocturnal hemoglobinuria and up to 14 adult patients with complement-mediated renal disease.
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HNI | Hot Stocks07:37 EDT HNI Corporation sees Q4 revenue growth in the mid-to-high single-digit range - The Corporation expects consolidated revenue, including the impact of acquisitions, to grow in the mid-to-high single-digit percent range compared to the prior-year quarter. This outlook includes the assumption of continued impacts from labor availability and supply chain constraints. Workplace Furnishings revenue: The Corporation expects growth in the mid-single-digit percent range on a year-over-year basis including acquisitions impacts. Order trends, an elevated backlog, and continued momentum with office re-entry activity support stronger growth but fourth quarter revenue will be constrained by ongoing labor shortages and supply chain issues. Residential Building Products revenue: Recent order trends, quarter-ending backlog, new home construction activity, the outlook for remodel/retrofit demand, and expected benefits tied to multiple growth initiatives, combine to suggest growth rates in the high single-digit percent range compared to the prior-year quarter, including impacts from acquisitions and labor and supply chain constraints. Profitability drivers: Many of the margin pressures experienced in the third quarter of 2021 are expected to persist in the fourth quarter of 2021. As a result, the Corporation expects fourth quarter operating income to be at or slightly below that reported in the third quarter. Concluding Remarks "We remain optimistic about our businesses and ability to drive profit growth. We are aggressively addressing the current headwinds. This includes increasing our capacity, strengthening our supply chains, and taking aggressive pricing actions to offset the ongoing and increasing inflationary pressures. Supported by our strong balance sheet, we are also continuing to invest as reflected by the addition of Trinity, which expands our strong Fireside Hearth & Home installing distribution business into a rapidly expanding housing region. These actions and investments position us for success in 2022 and over the long-term," Mr. Lorenger concluded.
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NFYEF | Hot Stocks07:36 EDT NFI Group receives orders for 173 coaches, buses from New Jersey Transit - NFI Group announced that the New Jersey Transit Corporation has exercised options for 118 D4500 clean diesel commuter coaches, in its final year of an existing six-year contract with NFI subsidiary Motor Coach Industries. The order was converted from NFI's backlog. Earlier this year, NJ TRANSIT also exercised and received delivery of additional options for 30 MCI D4500 commuter coaches and 25 clean-diesel, sixty-foot New Flyer Xcelsior heavy-duty transit buses.
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TMDI | Hot Stocks07:35 EDT Titan Medical completes studies with Enos robotic single access surgical system - Titan Medical announced that it has completed its scheduled pre-clinical studies with its Enos robotic single access surgical system, performed in accordance with FDA's good laboratory practice, or GLP, regulations. GLP is a set of principles intended to assure the quality and integrity of non-clinical laboratory studies that are intended to support marketing permits for products regulated by government agencies. Titan's pre-clinical studies involved utilizing the Enos system to perform hysterectomies in porcine subjects. Initial testing has been completed and in accordance with GLP principles, further tests on the subjects were run post-surgery and pathology results are expected over the next several months. The COVID-19 pandemic has impacted the processing time at laboratories, resulting in a longer than expected turnaround time for results. With the completion of these studies, surgeons have now performed over 70 pre-clinical procedures representing multiple subspecialties with Titan's Enos system.
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KMB | Hot Stocks07:35 EDT Kimberly-Clark lowers FY21 CapEx view to $1B-$1.1B from $1.1B-$1.2B - Lowers FY21 share repurchase view to approximately $400M from $400M-$450M. Key cost inputs expected to increase $1.4B-$1.5B vs. previous estimate $1.2B-$1.3B.
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FCN | Hot Stocks07:35 EDT FTI Consulting names Steve Lutfy as senior managing director, health solutions - FTI Consulting announced the appointment of healthcare revenue cycle expert Steve Lutfy as a Senior Managing Director in its Health Solutions practice. Based in Columbia, S.C., Mr. Lutfy brings more than 40 years of experience providing and implementing revenue cycle solutions to clients across the healthcare continuum, from academic medical centers to health systems. He specializes in leading, developing and optimizing healthcare revenue cycle processes and workforce members to improve net revenue capture and accelerate cash collection at maximum economic value. Prior to joining FTI Consulting, Mr. Lutfy was the founder and leader of a 1,000-seat accounts receivable third-party outsourcing center at a Big Four consulting firm.
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LIZI | Hot Stocks07:34 EDT Huawei's HarmonyOS Ecosystem integrates Lizhi podcast - LIZHI announced recently at the 2021 Huawei Developer Conference that its vertical podcast content platform, the LIZHI Podcast App, has been integrated into Huawei's HarmonyOS ecosystem and will soon be launched on Huawei's HarmonyOS smart car cockpit operating system.
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XERS | Hot Stocks07:33 EDT Xeris Pharmaceuticals enters XeriJect collaboration agreement with Merck - Xeris Biopharma (XERS) announced a collaboration agreement with Merck (MRK), with an option to license Xeris' suspension-based formulation technology, XeriJect, for use with undisclosed monoclonal antibodies for the purpose of engineering ultra-high concentration, ready-to-use formulations. Terms of the agreement were not disclosed.
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ZLAB | Hot Stocks07:33 EDT Zai Lab announce first patient treated in Greater China portion of Phase 2 study - Zai Lab announced that the first patient has been treated in the Greater China portion of the potentially registrational, global study of odronextamab monotherapy being conducted by its partner Regeneron and Zai Lab in patients with B-cell NHL. "Odronextamab has demonstrated considerable clinical activity in a Phase 1 clinical trial and represents a promising therapeutic opportunity for heavily pre-treated patients across a range of B-cell NHL subtypes," said Alan Sandler, M.D., President and Head of Global Development, Oncology. "Zai Lab is excited to have dosed the first patient in the China portion of this potentially registrational Phase 2 study. Our participation in this study underscores Zai's commitment to excellent execution and to bringing innovative therapeutic approaches to patients."
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KMB | Hot Stocks07:33 EDT Kimberly-Clark CEO says Q3 results impacted by 'significant inflation' - Chairman and CEO Mike Hsu said, "Our third quarter results reflect a dynamic and challenging macro environment. Our organic sales were strong, including double-digit growth in a number of our personal care markets, and improving performance in tissue and our professional business. Market share performance also remained strong, demonstrating the strength of our innovation and excellent local commerical execution. Our earnings were negatively impacted by significant inflation and supply chain disruptions that increased our costs beyond what we anticipated. We are taking further action, including additional pricing and enhanced cost management, to mitigate these headwinds as it is becoming clear they are not likely to be resolved quickly." Hsu continued, "We will continue to invest in our brands and capabilities as we navigate through this volatile and difficult macro environment. Our strategy is working, and we remain confident in our future and our ability to create long-term shareholder value."
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INSG | Hot Stocks07:32 EDT Inseego appoints Robert Barbieri as CFO on permanent basis - Inseego announced that Robert Barbieri, who has been serving as the company's interim CFO, has been appointed CFO on a permanent basis, effective October 25. Barbieri has been serving as the company's interim CFO since April 5.
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WINT | Hot Stocks07:31 EDT Windtree Therapeutics announces notice of allowance from USPTO for Istaroxime - Windtree Therapeutics announced the United States Patent and Trademark Office, USPTO, has issued a Notice of Allowance of new patent claims for istaroxime administration. A notice of allowance is issued by the USPTO to indicate that the application has passed examination. When the patent is issued by the USPTO in the near future, it will provide new intellectual property protection for istaroxime until late 2039. The istaroxime patent application is entitled, "Istaroxime-Containing Intravenous Formulation for the Treatment of Acute Heart Failure," and was the result of an expedited US Track One filing by Windtree in April 2021. The claims cover longer infusion durations of istaroxime for improved outcomes in treatment of acute heart failure. Istaroxime is an investigational drug candidate being studied in acute heart failure and also in early cardiogenic shock. Phase 2a and Phase 2b studies in acute heart failure have demonstrated significant improvements in cardiac function as well as preserving or increasing blood pressure and renal function. Windtree plans to start the next acute heart failure study by mid-2022. This study will target AHF patients with normal to low blood pressure and look to optimize istaroxime dosing by employing a longer infusion duration. The primary endpoint will be echocardiographic assessment of cardiac function. It will also include as secondary endpoints, assessments that could potentially become primary pivotal endpoints in the Phase 3 program and thus put the program in what the company believes will be a good Phase 3 ready and partnership position. In the meantime, the company is also conducting a Phase 2 study in early cardiogenic shock patients with results expected in the first quarter of 2022.
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ATHOF | Hot Stocks07:24 EDT Athabasca Oil provides strategic outlook - The company said, "Athabasca's unique portfolio of Thermal and Light Oil assets result in strong free cash flow generation and position the Company competitively in the market with the following attributes: Predictable, Low Decline Thermal Oil: The assets have an established history of highly reliable operations and performance. The Thermal division has a decline rate of less than 10% with ~365 mmbbl of Proved1 and ~1,185 mmbbl of Proved plus Probable1 reserves. The division's operating cash flow break-even is approximately $43 WTI with annual sustaining capital requirements of ~$5/bbl. De-Risked Light Oil with Capital Flexibility: ~850 gross locations across the Montney and Duvernay provide a deep inventory of short-cycle time, high-returning investments. The Light Oil assets have an established track record of top decile margins and netbacks. Athabasca has flexibility in capital spending to develop these assets with no near-term land expiries and a predictable program over the next 5 years. Strategic Outlook Athabasca's strategy to maximize shareholder value is based on its competitive strengths and includes the following principles: Managing for Strong Free Cash Flow: Athabasca intends to maximize free cash flow while maintaining its production base. In 2021, the Company forecasts ~$90 million in Free Cash Flow and greater than$600 million in free cash flow (US$70 WTI & US$12.50 WCS differentials) during the 3-year timeframe of 2022-2024. Maintain Annual Corporate Production: The portfolio of long reserve life assets under-pins a low corporate decline rate of ~10%. Athabasca requires low sustaining capital of ~$125 million annually to maintain production. The Company retains a large portfolio of future investment opportunities. Direct Free Cash Flow to Debt Reduction: The Company plans to maintain low leverage, both in terms of debt quantum and debt metrics. Athabasca will direct at least 75% of future free cash flow towards achieving a total outstanding term debt target of US$175 million in the medium term, while maintaining a strong cash liquidity position. The Company is targeting to be in a net cash position in 2023. Strong Risk Management: Athabasca has commenced its 2022 hedging program which includes 13,500 bbl/d of fixed WCS swaps at an average price of ~US$54. These swaps fully protect the sustaining capital program down to ~US$50 WTI. Athabasca intends to hedge up to 75% of its forecasted production, net of its internal Light Oil production, for the next 18 months to ensure it meets its strategic objectives of protecting a sustaining capital program and achieving free cash flow to meet its debt targets. Additional hedges are anticipated to include a combination of swaps, collars and puts to strategically balance downside protection while maintaining upside exposure to the current price environment. Achieving these objectives will build significant shareholder value and provide future strategic flexibility. Disciplined Operations and Continuous Improvement: The Company continues to actively optimize its operations and cost structure to strengthen margins and resiliency. Athabasca has a well-established track record reducing operating costs, including non-energy operating expenses by ~40% at Leismer and ~70% at Hangingstone since 2016. Commitment to ESG: Athabasca's management has a long-standing commitment to ESG initiatives as evidenced in its inaugural 2021 ESG report released in May. Since 2015, the Company has reduced its net GHG emission intensity by 20% and is targeting a 30% net reduction by 2025 using established technologies. The Company is also progressing its partnership with Entropy Inc. to explore the application of Carbon Capture and Sequestration at Leismer."
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ATHOF | Hot Stocks07:23 EDT Athabasca Oil closes $350M senior secured notes financing - Athabasca Oil Corporation announces that it has closed the issuance of $350 million of Senior Secured Notes and the syndication of a $110 million reserve based credit facility. Athabasca's strategy is to position itself as a low leveraged company that will generate significant free cash flow through its low-decline, oil weighted asset base. The refinanced capital structure provides certainty to shareholders of the Company's ability to utilize free cash flow to further reduce debt and enhance long-term resiliency. The Company is focused on utilizing its free cash flow to increase margins and provide superior shareholder returns. New Notes: The $350 million Senior Secured Second Lien Notes have a coupon rate of 9.75% and a 5-year term until 2026. The New Notes provide Athabasca the ability to further reduce debt in the near-term by utilizing 75% of free cash flow semi-annually to retire notes at 105% of face value. The notes offering included the issuance of 79.4 million warrants with a strike price of $0.9441 per warrant and a cashless exercise feature that reduces future equity dilution by issuing new common shares for only the in-the-money value of the warrant. Existing Notes: Net proceeds from the New Notes offering along with cash on hand will be used to redeem the Company's existing $450 million Senior Secured Second Lien Notes. The redemption date is November 6, 2021. New Credit Facility: A $110 million reserve-based credit facility unlocks the remaining $46 million of restricted cash that was securing letters of credit for transportation agreements. In 2021, Athabasca has now unlocked $165 million in restricted cash and long-term deposits through a series of market egress transactions along with the new credit facility. The Company maintains its $40 million unsecured letter of credit facility that is supported by a performance security guarantee from Export Development Canada. Pro Forma Positioning: The Company estimates 2021 year-end liquidity of ~$265 million with a 2021 net debt to adjusted EBITDA of 0.8x The Company is targeting to be in a net cash position in 2023 as it implements further debt reductions in the current commodity price environment.
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PCOM | Hot Stocks07:22 EDT Points powers Copa Airlines new ConnectMiles Accelerator - Copa Airlines announces the launch of ConnectMiles Accelerator, which will provide customers with the option to pay a preferential rate to boost their miles balance and reach their rewards goal. Enabled by Points, Accelerator will let ConnectMiles members multiply miles earned via flying, credit card spend, online shopping and transactions via third parties such as hotels and car rental providers. Members can choose to multiply their miles by up to three times their value; up to 200,000 miles can be multiplied each year. Rob Maclean, CEO of Points said, "We are delighted to be working with our longstanding partner, Copa Airlines, to introduce this new member benefit to ConnectMiles members. Providing our partners with new ways for their members to accrue miles outside of travel has been a consistent focus for us in recent years, and one where we have brought several new innovations to market since the start of the pandemic. As travel continues to recover, we anticipate that services like these that enable members to maximize their accrued rewards will only increase in popularity."
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VS | Hot Stocks07:21 EDT Versus Systems conducts 33 activations of fan engagement products - Versus Systems announced that the company conducted thirty-three activations of its fan engagement products during the week of October 18, 2021, the highest number to date in the company's history. The in-venue activations were done at stadiums across the world, in multiple sports leagues, as fans increasingly return to watching sports in-person. Throughout the week, fans of teams in the NFL, NBA, NHL, MLS, NCAA, AHL, and Nippon Professional Baseball League played live, interactive games such as Trivia, Match Game, Plinko, Tug of War, and many others in-venue during the games and matches where Versus was available. Multiple teams offered the Filter Fan Cam and other experiences that drive to the giant video boards at the center of arenas, stadiums, and venues. Several teams also used the Versus XEO platform for their second-screen fan engagement for those fans in attendance. Teams playing at some of the best live event venues across the United States, Canada, and Japan used Versus fan engagement activations last week, including teams in New York City, Los Angeles, Dallas, Houston, Tampa, Nashville, Pittsburgh, Newark, Tokorozawa, and Edmonton.
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STER JPM | Hot Stocks07:19 EDT Sterling Check appoints Judah Sokel as Vice President of Investor Relations - Sterling Check (STER) announced the appointment of Judah Sokel to the newly created role of Vice President of Investor Relations, effective October 25, 2021. Reporting to Peter Walker, Sterling's Chief Financial Officer, Judah will lead Sterling's investor relations strategy and oversee its relationships with the investment community. Judah joins Sterling from J.P. Morgan (JPM) , where he served as a Vice President in the Equity Research department.
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RWBYF | Hot Stocks07:19 EDT Red White & Bloom preferred stock shareholders to lock-up over 50M shares - Red White & Bloom Brands announced that certain Company shareholders, representing over 50 million RWB Series II Preferred Shares, have agreed to a non-conversion lock-up period for their Preferred Shares for a term that expires on April 24th, 2022; the date at which the Preferred Shares are slated for automatic conversion into common shares of the Company. The Agreement shall provide for the Locked-up Shareholders to maintain their current rights as Preferred Share shareholders, including the 5% accrued dividends that form part of the Preferred Share features, as well as a change of control clause that would accelerate the conversion date in the event that there is a change of control of the Company. All shareholders of the Series II Preferred Shares have the option to hold their shares until April 24th, 2022.
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IPGP | Hot Stocks07:17 EDT IPG Photonics announces passing of founder Dr Valentin Gapontsev - IPG announced the passing of founder and Chairman and former CEO Dr. Valentin Gapontsev. Dr. Gapontsev founded the Company's predecessor in 1990. He has been IPG's Chairman since the Company's founding and its CEO until April 2021.
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TTNP | Hot Stocks07:17 EDT Titan Pharmaceuticals granted development funding from Gates Foundation - Titan Pharmaceuticals has received funding from the Bill & Melinda Gates Foundation to support the demonstration of its ability to deliver a human immunodeficiency virus preventative therapeutic and a contraceptive from a single implant using its proprietary ProNeura technology, and ensure this technology is accessible to women and adolescent girls in low- and middle-income countries.
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FGEN... | Hot Stocks07:16 EDT FibroGen announces analyses from roxadustat phase 3 program - FibroGen (FGEN) announced that analyses from the global Phase 3 roxadustat clinical program will be presented at the American Society of Nephrology Kidney Week 2021 taking place virtually November 4 - 7, 2021. A total of 18 presentations will be presented by FibroGen, or its collaboration partners AstraZeneca (AZN) and Astellas Pharma (ALPMY), at this year's meeting. Eleven of the presentations are related to phase 3 studies of roxadustat for the treatment of anemia associated with CKD. An additional seven presentations are related to CKD anemia epidemiology and disease state which outline the burden of anemia on CKD patients and the continued unmet medical need for innovative therapies.
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ESPR | Hot Stocks07:15 EDT Esperion announces agreement to exchange $15M in principal amount of notes - Esperion announced that it has entered into a privately negotiated exchange agreement with two co-managed holders of its 4.00% Convertible Senior Subordinated Notes due 2025. Under the terms of the exchange agreement, the Holders agreed to exchange with ESPERION $15M aggregate principal amount of Notes held in the aggregate by them for shares of ESPERION's common stock. Pursuant to the exchange agreement, the number of shares of ESPERION's common stock to be issued by ESPERION to the Holders upon consummation of the Exchange will be determined based upon the volume-weighted-average-price per share of ESPERION's common stock, subject to a floor of $5.62 per share, during the five trading-day averaging period, commencing on the trading day immediately following the date of the exchange agreement. The Exchange is expected to close on November 3, 2021, subject to the satisfaction of customary closing conditions.
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ZLPSF | Hot Stocks07:14 EDT Zooplus supports 'increased and final' EUR 480 per share offer from EQT, H&F - Zooplus announced that it supports the "increased and final" offer of Hellman & Friedman, or "H&F," with support of its partner EQT Private Equity at a cash consideration of EUR 480 per Zooplus share. This represents an increase of EUR 10 versus the previous bids by H&F and EQT and an 85% premium to the unaffected 3-months VWAP of Zooplus as of August 12, 2021, the day before H&F announced its voluntary public takeover offer for the company. The increased offer will be pursued via the takeover offer of "Zorro Bidco", the investment vehicle controlled by H&F. EQT plans to become a jointly controlling partner with equal governance rights in Zorro Bidco following the settlement of the offer and subject to required regulatory approvals. This will have no effect on the timeline or other offer conditions. Therefore, the acceptance period will expire on November 3, 2021, 24:00 hrs CET, as planned. Reference Link
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APLT | Hot Stocks07:13 EDT Applied Therapeutics reports biomarker data from pilot trial of AT-007 - Applied Therapeutics reported biomarker data from a pilot trial of AT-007 in patients with SORD Deficiency. Sorbitol Dehydrogenase Deficiency, or SORD Deficiency, is a rare, progressive, debilitating hereditary neuropathy that affects peripheral nerves and motor neurons. SORD Deficiency affects approximately 3,300 patients in the US and 4,000 patients in Europe. Patients with SORD Deficiency have 100 times higher sorbitol concentration in their blood compared with unaffected individuals. In a pilot open-label study in 8 SORD Deficiency patients, AT-007 reduced blood sorbitol levels by approximately 66% from baseline through 30 days of treatment. The range of reduction from baseline in patients was 54%-75%. AT-007 was safe and well tolerated in all treated patients. These results, in addition to preclinical findings, demonstrate that AT-007 has the potential to be the first disease-modifying therapy for SORD Deficiency. The Company plans to initiate a registrational study by the end of 2021. In advance of the registrational study start, patients can now pre-screen to determine whether they have SORD and if they may qualify for the upcoming trial.
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GILT | Hot Stocks07:12 EDT Gilat Satellite chosen to expand the 4G network of a mobile operator in Asia - Gilat Satellite Networks announced that a Tier-1 mobile operator in Asia expanded its 4G network with Gilat's cellular backhaul solution. The 4G network was extended to provide coverage to additional sites in small cities and rural areas. Gilat's SkyEdge II-c platform with the high-performance Capricorn VSATs provide the backhaul over satellite to enable high speed data and high-quality voice over LTE. "Gilat's leading 4G satellite backhaul solution continues to enhance lives of people around the world," said Michal Aharonov, Chief Commercial Officer at Gilat. "We are pleased to continue to invest and offer outstanding technological innovation in the 4G domain, as MNOs throughout Asia invest strongly in 4G networks to gain new customers and increase their profitability and loyalty."
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ARLP | Hot Stocks07:11 EDT Alliance Resource Partners increases quarterly distribution 100% to 20c per unit - ARLP also announced today that the Board of Directors of its general partner declared a cash distribution to unitholders of 20c per unit, an annualized rate of $0.80 per unit, for the 2021 Quarter, payable on November 12 to all unitholders of record as of the close of trading on November 5. The announced distribution represents a 100.0% increase over the cash distribution of 10c per unit for the Sequential Quarter.
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FNCH | Hot Stocks07:09 EDT Finch Therapeutics presents data from PRISM3 trial of CP101 for recurrent CDI - Finch Therapeutics announced the presentation of clinical data supporting CP101 for the prevention of recurrent C. difficile infection, or CDI, at the American College of Gastroenterology, ACG, Annual Scientific Meeting being held October 22-27, 2021 in a hybrid format. Results from PRISM3 will be shared in two posters and an oral presentation at the meeting. Summary of PRISM3 posters presented at the ACG meeting: Poster Title: "Week 24 Efficacy and Safety Data from PRISM3: A Randomized, Placebo-Controlled Trial Evaluating CP101, an Investigational Orally Administered Microbiome Therapeutic for Prevention of Recurrent C. difficile Infection." CP101 demonstrated efficacy through week 24, with 73.5% of participants in the CP101 arm experiencing a sustained clinical cure through week 24 versus 59.4% in the placebo arm. CP101 exhibited a favorable safety profile through week 24, with similar rates of adverse events and drug-related treatment emergent adverse events in both the CP101 and placebo arm. No drug-related serious adverse events were reported in the CP101 arm through week 24. CP101 met its primary efficacy endpoint in PRISM3, with 74.5% of participants who received a single oral administration of CP101 following standard-of-care antibiotics achieving a sustained clinical cure through week 8, versus 61.5% of participants who received placebo following SOC antibiotics, representing a 33.8% relative risk reduction for CDI recurrence. "CP101 Engraftment Drives Efficacy: Results from a Randomized, Placebo-Controlled Trial Evaluating CP101, an Investigational Orally Administered Microbiome Therapeutic for Prevention of Recurrent C. difficile Infection" Treatment with CP101 in PRISM3 resulted in significant engraftment at week 1, with engraftment defined as the presence of CP101-specific microbes that colonized the gastrointestinal tract of participants. CP101 engraftment was associated with sustained clinical cure in PRISM3. Among PRISM3 participants with successful engraftment at week 1 following administration of CP101, 96.0% achieved a sustained clinical cure at week 8, while unsuccessful engraftment resulted in a 54.2% sustained clinical cure rate, similar to participants who were administered placebo following CDI antibiotics. Engraftment of CP101 microbes may have been impacted by the persistence of residual broad-spectrum vancomycin, despite participants completing a minimum two-day washout period to ensure antibiotic clearance from the colon. Data suggest that a two-day washout period may be insufficient to clear residual vancomycin. Future trials, including PRISM4, a Phase 3, placebo-controlled trial of CP101 for recurrent CDI, will deploy strategies to optimize engraftment by further minimizing the effect of residual broad-spectrum antibiotics.
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TSHA | Hot Stocks07:08 EDT Taysha announces AAV -based gene therapy approach fo AS treatment - Taysha Gene Therapies announced the publication of new preclinical data for an AAV-mediated UBE3A gene replacement approach for the treatment of Angelman syndrome in the Journal of Clinical Investigation Insight . Angelman syndrome s a monogenic neurodevelopmental disorder caused by deletions or mutations in the maternal ubiquitin protein ligase E3A gene. UBE3A encodes both short and long protein isoforms. Whereas the short isoform is most abundant, clinical data indicate that long UBE3A isoforms also contribute to healthy brain development and function. Common signs and symptoms of Angelman syndrome typically appear early in childhood and include intellectual and developmental disabilities, walking and balance disorders, gastrointestinal issues, seizures, and little to no speech. There are currently no approved treatments for Angelman syndrome and current interventions are focused on managing medical and developmental issues. Angelman syndrome impacts approximately 55,000 patients in the United States and in Europe. Taysha's UBE3A gene replacement therapy is a cerebrospinal fluid-delivered AAV vector enabling dual isoform UBE3A expression for the treatment of Angelman syndrome. It was originally developed in the laboratories of Dr. Ben Philpot and Taysha's Chief Scientific Advisor, Dr. Steven Gray. In preclinical mouse models of Angelman syndrome, AAV-mediated UBE3A gene replacement recapitulated endogenous UBE3A isoform expression and UBE3A subcellular expression in neurons. Anatomical and behavioral phenotypes, including nest building, motor performance and seizure phenotypes, were recovered following treatment, providing proof-of-concept preclinical data supporting further study of UBE3A gene replacement therapy as a potentially safe and effective treatment for Angelman syndrome.
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RDHL | Hot Stocks07:08 EDT RedHill Biopharma's Talicia and Movantik featured in presentations at ACG 2021 - RedHill Biopharma announced the presentation of four new analyses of Phase 3 Talicia and Movantik data at the ACG 2021 Annual Scientific Meeting, October 22-27. The first Talicia analysis evaluated physician-directed therapy data, confirming high utilization of clarithromycin and low rates of H. pylori eradication. The authors conclude that since Talicia does not contain clarithromycin, and resistance to amoxicillin and rifabutin is very rare, Talicia can be used first-line with minimal concern for antibiotic resistance or CYP2C19 metabolism. The second Talicia analysis assessed gastric luminal rifabutin concentrations of three times a day rifabutin 50 mg vs. once-daily administration of rifabutin 150 mg, and the potential impact on H. pylori eradication. The data suggest that there may be a link between sustained gastric rifabutin exposure achieved with Talicia's dosing and formulation and the 90% eradication rates seen in clinical studies. The two Movantik posters analyzed data from patients experiencing extreme opioid-induced constipation with severe symptoms. Both Movantik 12.5 mg and 25 mg provided rapid onset with early symptom relief and consistent, predictable and sustained efficacy in improving multiple symptoms despite high baseline symptom burden. Movantik also demonstrated a favorable safety-profile and tolerability.
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QURE | Hot Stocks07:08 EDT uniQure expects cash to fund operations into 1H24 - As of September 30, 2021, the Company had cash and cash equivalents of $578.5 million. The Company expects that its cash and cash equivalents will be sufficient to fund operations into the first half of 2024. In addition, under the CSL Behring Agreement, the Company is eligible to receive more than $300 million in regulatory, development, and first commercial sale milestones, $1.3 billion in additional commercial milestones, and tiered double-digit royalties of up to a low-twenties percentage of net product sales arising from the collaboration. The receipt of approximately $300 million in regulatory, development, and first commercial sale milestones would be expected to extend the cash runway by approximately 12-18 months.
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FLGC | Hot Stocks07:07 EDT Flora Growth receives GACP certification from CUMCS - Flora Growth announced that it has received the Good Agricultural and Collection Practices, or GACP, certification by the Control Union Medical Cannabis Standard, or CUMCS. Paired with the recent Colombian law change, Flora may now export its high-quality dry flower to international GMP active pharmaceutical ingredient producers or to markets where flower can be imported .
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KRBP | Hot Stocks07:06 EDT Kiromic BioPharma reports results from cancer vaccine candidate trial - Kiromic BioPharma announced the results of a published pilot Phase 1 clinical trial that showed KiroVax/BSK01, Kiromic's cell therapy cancer vaccine candidate, in combination with chemotherapy, demonstrated a significant progression free survival, or PFS, benefit in one of the patients with metastatic pancreatic cancer who participated in the trial. The results from the pilot Phase 1 clinical trial demonstrated PFS of seven months after treatment with KiroVAX/BSK01 and chemotherapy versus PFS of 3.9 months with second line chemotherapy.
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ATXI | Hot Stocks07:05 EDT Avenue says OND requests additional input from Advisory Committee on FDRR - Avenue Therapeutics announced that it has received a written interim response from the Office of New Drugs of the U.S. Food and Drug Administration. The letter indicated that the OND needs additional input from an Advisory Committee in order to reach a decision on the Formal Dispute Resolution Request, the details of which have previously been disclosed. Accordingly, the FDA will convene an Advisory Committee meeting and seek advice from the Anesthetic and Analgesic Drug Products Advisory Committee and the Drug Safety and Risk Management Advisory Committee. The letter stated that the OND will respond to the FDRR within 30 calendar days after the Advisory Committee meeting.
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YI | Hot Stocks07:04 EDT 111, Inc. enters strategic partnership with Chugai Pharma for disease management - 111 announced a strategic cooperation agreement with Chugai Pharma China. The agreement will allow 111 and Chugai Pharma China to work together towards building a "Healthy China" by establishing a "SMART Healthcare City" concept through the use of digital drug distribution programs, and expanding the accessibility of treatment programs with modern logistics. 111 will leverage its Internet technology, supply chain, omni-channel drug commercialization and cloud service e-commerce, combined with Chugai Pharma China's international experience and medical solutions in the treatment of various diseases, to develop and implement a national medicine and Internet strategy.
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ACM | Hot Stocks07:03 EDT Aecom to serve as consultant on Houston METRO's BRT project - Aecom announced that it will serve as general engineering consultant for Metropolitan Transit Authority of Harris County's University Corridor Bus Rapid Transit project, called METRORapid University Line. In this role, Aecom will provide project management and conceptual and preliminary engineering services to assist in the development of the high capacity transit project that will enhance service and connections to the METRORail Red, Purple, and Green lines. Aecom will be responsible for preparation of the preliminary design documents and management of the overall GEC project delivery - from final design through construction and commissioning. In addition, it will provide subject matter expertise related to the implementation of BRT projects, mentorship to small and disadvantaged business enterprises as well as university students, and public involvement support.
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CNCE | Hot Stocks07:02 EDT Concert Pharmaceuticals completes enrollment in THRIVE-AA1 trial - Concert Pharmaceuticals announced that it has completed patient enrollment in THRIVE-AA1, the first Phase 3 clinical trial to evaluate the efficacy and safety of CTP-543, an oral Janus kinase, or JAK, inhibitor, in adult patients with moderate to severe alopecia areata. Topline data from THRIVE-AA1 is expected in Q2 of 2022.
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ALKS | Hot Stocks07:02 EDT Alkermes' nemvaleukin receives FDA fast track designation for ovarian cancer - Alkermes' nemvaleukin alfa, the company's novel, investigational, engineered interleukin-2 variant immunotherapy, in combination with pembrolizumab, an anti-PD-1 antibody, has been granted Fast Track designation by the FDA for the treatment of platinum-resistant ovarian cancer. The FDA previously granted Fast Track designation and Orphan Drug designation to nemvaleukin for the treatment of mucosal melanoma.
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BHC CLSD | Hot Stocks06:50 EDT Bausch + Lomb, Clearside Biomedical announce FDA approval of Xipere - Bausch + Lomb, an eye health business of Bausch Health (BHC), and Clearside Biomedical (CLSD), announced that the FDA has approved Xipere for suprachoroidal use for the treatment of macular edema associated with uveitis, a form of eye inflammation.
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TCRR BMY | Hot Stocks06:48 EDT TCR2 Therapeutics announces collaboration with Bristol-Myers - TCR2 Therapeutics (TCRR) announced a clinical trial collaboration agreement with Bristol Myers Squibb (BMY) to evaluate gavo-cel in combination with Opdivo and Yervoy in its planned Phase 2 clinical trial in treatment refractory mesothelin-expressing solid tumors. The primary objective of the Phase 2 trial is to evaluate the efficacy of gavo-cel in patients with unresectable, metastatic or recurrent mesothelin-expressing cancers including non-small cell lung cancer, ovarian cancer, malignant pleural/peritoneal mesothelioma and cholangiocarcinoma. TCR2 is sponsoring the Phase 2 trial.
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MRK | Hot Stocks06:47 EDT Merck's Doravirine/Islatravir meets primary endpoints in Phase 3 trials - Merck announced top-line results from two pivotal Phase 3 trials of the investigational, once-daily oral fixed dose combination pill of doravirine/islatravir in adults with HIV-1 infection who are virologically suppressed on different antiretroviral therapy regimens or bictegravir/emtricitabine/tenofovir. At 48 weeks, both trials met their primary efficacy endpoint of percentage of participants with HIV-1 RNA levels greater than or equal to50 copies/mL, demonstrating that antiviral efficacy was comparable between DOR/ISL and ART and between DOR/ISL and BIC/FTC/TAF. The safety and tolerability profile of DOR/ISL during the trials to date are consistent with the previously reported Phase 2 studies. Doravirine is approved for the treatment of adults with HIV-1 in combination with other antiretrovirals, as a single agent and a component of a single-tablet regimen. Islatravir is Merck's investigational nucleoside reverse transcriptase translocation inhibitor under evaluation for the treatment of people living with HIV-1 infection in combination with other antiretrovirals. Detailed findings from these studies will be presented at a future scientific congress and will form the basis of global regulatory applications, Merck said in a statement. "Merck is committed to investigating potential treatment options to help address the evolving needs of people living with HIV," said Dr. Joan Butterton, vice president, global clinical development, infectious diseases, Merck Research Laboratories. "We are encouraged by the results from the Phase 3 ILLUMINATE SWITCH A and B trials, in which the DOR/ISL dual regimen efficacy was comparable to certain commonly used three-drug regimens. We will continue to study doravirine/islatravir in diverse populations of people living with HIV and look forward to sharing data from these trials."
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MSFT SWI | Hot Stocks06:45 EDT Microsoft releases report on new activity from Russian-linked hackers, Nobelium - Microsoft (MSFT) announced it is sharing the latest activity it has observed from the Russian nation-state actor Nobelium. This is the same actor behind the cyberattacks targeting SolarWinds (SWI) customers in 2020 and which the U.S. government and others have identified as being part of Russia's foreign intelligence service known as the SVR. According to Microsoft, Nobelium has been attempting to replicate the approach by targeting organizations in the global IT supply chain. This time, it is attacking a different part of the supply chain: resellers and other technology service providers that customize, deploy and manage cloud services and other technologies. The company began observing this latest campaign in May 2021 and have been notifying impacted partners and customers while also developing new guidance for the reseller community. Since May, Microsoft has notified more than 140 resellers and technology service providers that have been targeted by Nobelium. The company plans to continue to investigate, but to date believes as many as 14 of these resellers and service providers have been compromised. "These attacks have been a part of a larger wave of Nobelium activities this summer. In fact, between July 1 and October 19 this year, we informed 609 customers that they had been attacked 22,868 times by Nobelium, with a success rate in the low single digits. By comparison, prior to July 1, 2021, we had notified customers about attacks from all nation-state actors 20,500 times over the past three years," Microsoft added. "This recent activity is another indicator that Russia is trying to gain long-term, systematic access to a variety of points in the technology supply chain and establish a mechanism for surveilling - now or in the future - targets of interest to the Russian government." The attacks Microsoft has observed in the recent campaign against resellers and service providers have not attempted to exploit any flaw or vulnerability in software but rather used well-known techniques, like password spray and phishing, to steal legitimate credentials and gain privileged access. Reference Link
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DRIO | Hot Stocks06:41 EDT DarioHealth enters contract with U.S. national employer - DarioHealth announced that it has entered into a contract with a U.S. national employer for the company's full multi-condition suite of chronic condition management solutions, including diabetes, pre-diabetes, hypertension, musculoskeletal, behavioral health, and digital employee assistance programs. Enrollment of the company's multi-condition suite of chronic condition management solutions is expected to begin in the first quarter of 2022, consistent with the Employer's benefit year.
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LPSN | Hot Stocks06:41 EDT Cathie Wood's ARK Investment bought 199.5K shares of LivePerson on Friday
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ARES | Hot Stocks06:40 EDT Ares Management launches Ares Wealth Management Solutions - Ares Management announced the formation of Ares Wealth Management Solutions, or WMS. WMS will oversee the product development, distribution, marketing and client management activities across Ares' investment offerings in the global wealth management channel with a team of more than 90 fundraising and client service professionals. Raj Dhanda has been named Ares' Global Head of Wealth Management and will lead WMS. Prior to joining Ares in 2021, he was CEO at Black Creek Group, which he joined in 2016. Previously, Dhanda spent 26 years at Morgan Stanley. In addition to Dhanda, Christina Adamson, Moshe Bajnon, Casey Galligan and Jeff Taylor have been named to senior leadership positions at WMS.
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SNAP | Hot Stocks06:40 EDT Cathie Wood's ARK Investment bought 230K shares of Snap on Friday
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TWTR | Hot Stocks06:39 EDT Cathie Wood's ARK Investment bought 449K shares of Twitter on Friday
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VRAY | Hot Stocks06:38 EDT ViewRay announces Helsinki University Hospital purchases MRIdian System - ViewRay announced that Helsinki University Hospital has purchased a MRIdian System to offer patients MR-guided radiation therapy at the Comprehensive Cancer Center in the new Bridge Hospital.
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LEV | Hot Stocks06:37 EDT Lion Electric receives conditional purchase order for 1,000 LionC school buses - Lion Electric announced that it has received a conditional purchase order for 1,000 all-electric LionC school buses from Student Transportation of Canada, or STC, a subsidiary of Student Transportation of America, or STA, a north-American leader in student transportation, safety and fleet management services, whose controlling shareholder is Caisse de depot et placement du Quebec, or CDPQ. The purchase order is conditional upon the satisfactory grant of non-repayable contributions to STC under Infrastructure Canada's Zero-Emission Transit Fund, for which STC has filed a formal application. Under the ZETF program, the Government of Canada aims to invest $2.75B over five years to support public transit and school bus operators in the transition to electrification. If confirmed, this purchase order would allow STC to become the largest operator of zero-emission school buses in North America. This investment would also contribute to CDPQ's portfolio decarbonation objectives. Deliveries would begin in 2022 and occur through the first half of 2026. These electric buses would replace existing diesel vehicles within STC's Canadian fleet. The operator plans on working closely with its customers and partners to determine which school boards would adopt the electric buses if fulfilled. Lion estimates that the deployment of 1,000 all-electric school buses would help eliminate approximately 23,000 tons of greenhouse gas emissions per year, in addition to significantly reducing noise pollution for the communities in which they operate.
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BJ | Hot Stocks06:36 EDT BJ's Wholesale appoints Rachael Vegas as Chief Marketing Officer - BJ's Wholesale appointed Rachael Vegas as Executive VP, Chief Merchandising Officer, effective October 25. Vegas will be responsible for the strategic leadership of the company's merchandising and assortment planning and allocation functions. Most recently, Vegas was Senior VP, Ecommerce Merchandising at H-E-B. Prior to H-E-B, Vegas held various leadership positions at Brandless, Target and Delhaize Group. Tim Morningstar will assume the role of Executive VP, Chief Membership Officer, effective October 25. Morningstar joined BJ's in 2020 as Senior Vice President, Membership Acquisition and Loyalty and leads the company's membership and marketing functions. Monica Schwartz will assume the role of Executive VP, Chief Digital Officer, effective October 25. Schwartz joined BJ's in 2020 as Senior Vice President, Chief Digital Officer.
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HSBC | Hot Stocks06:35 EDT HSBC 'committed' to achieving RoTE of greater than or equal to 10% over MT
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HSIC | Hot Stocks06:35 EDT Henry Schein targets net-zero global emissions by 2050 - Henry Schein announced that it has signed the Business Ambition for 1.5 C Science Based Targets initiative, committing to set a long-term, science-based emissions reduction target in order to reach net-zero global emissions by 2050.
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HSBC | Hot Stocks06:35 EDT HSBC: Revenue outlook becoming 'more positive' - HSBC said: "The revenue outlook is becoming more positive, with fee growth across many of our businesses and a stabilization of net interest income, which we expect to begin to increase in the coming quarters from lending growth and earlier than anticipated policy rate rises. Given current consensus economics and default experience, we expect a net release of ECL for 2021, with the potential for a further small net release of ECL in 4Q21, dependent on offsetting levels of stage 3 charges. Given inflationary pressures, continued investment and the impact and timing of recently announced acquisitions and disposals, we now expect adjusted costs of approximately $32B for 2021 and 2022, excluding the estimated UK bank levy charge of $0.3B."
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PAE | Hot Stocks06:34 EDT PAE to be acquired by Amentum for $1.9B in cash - PAE announced that it has entered into a definitive agreement to be acquired by an affiliate of Amentum Government Services Holdings in an all-cash transaction valued at approximately $1.9B, including the assumption of debt and certain fees. Amentum is a global technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy, and environment. Under the terms of the merger agreement, PAE shareholders will be entitled to receive $10.05 per share in cash upon the consummation of the transaction, which is subject to shareholder approval and other customary closing conditions, including regulatory approvals. The purchase price represents an approximately 70% premium over PAE's closing price on October 22, 2021, the last trading day prior to the announcement of the transaction. The exercise price of PAE's outstanding warrants will be adjusted pursuant to PAE's warrant agreement unless the warrants are called for redemption pursuant to such warrant agreement. PAE's Board of Directors has unanimously recommended that its stockholders approve and adopt the merger agreement with Amentum. However, during a "go-shop" period effective through November 29, 2021, PAE may actively solicit alternative acquisition proposals from third parties in accordance with the terms of the merger agreement. The merger agreement includes a "break fee" in the event PAE terminates the merger agreement, and this "break fee" will be discounted in the event of a termination during the "go-shop" period. PAE does not intend to disclose developments with respect to the solicitation process unless and until it determines such disclosure is appropriate or is otherwise required. Following the expiry of the "go-shop" period and the filing of the definitive proxy statement with the U.S. SEC and subsequent mailing to stockholders, a special meeting of PAE's stockholders will be held as soon as practicable to approve and adopt the merger agreement. The transaction is not subject to any financing conditions. Upon completion of the acquisition, which is expected to occur by the end of the first quarter 2022, PAE will become wholly owned by an affiliate of Amentum. An affiliate of Platinum Equity, PE Shay Holdings, LLC, which owns approximately 22.5% of PAE's outstanding shares, has entered into an agreement with the company to vote its shares in accordance with the recommendation of PAE's Board with respect to the proposed transaction.
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HSBC | Hot Stocks06:34 EDT HSBC to initiate share buyback of up to $2B - HSBC said: "We remain well placed to fund growth and step up capital returns, and now intend to normalize our CET1 position to be within our 14% to 14.5% target operating range by the end of 2022. We intend to achieve this through a combination of growth and capital returns, as well as from an expected $20B to $35B uplift in RWAs in 2022 due to regulatory developments. Given our strong capital position and notwithstanding growth opportunities available to us, we intend to initiate a share buyback of up to $2B, which we expect to commence shortly."
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HSBC | Hot Stocks06:33 EDT HSBC CEO: Strategy remains on track - CEO Noel Quinn said: "We had a good third-quarter performance, with strong growth in profits supported by additional credit provision releases. Our strategy remains on track, with good delivery in all areas. This was reflected in more consistent top-line growth, robust lending pipelines across our businesses, and rising trade and mortgage balances. While we retain a cautious outlook on the external risk environment, we believe that the lows of recent quarters are behind us. This confidence, together with our strong capital position, enables us to announce a share buyback of up to $2B, which we expect to commence shortly."
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CWEN KKR | Hot Stocks06:31 EDT Clearway Energy to sell Thermal Business to KKR for $1.9B - Clearway Energy (CWEN), through its subsidiary Clearway Energy Operating LLC, announced it has entered into a binding agreement to sell its Thermal Business to KKR for total consideration of $1.9B, subject to closing adjustments. Based on current estimates, the company expects total net cash proceeds of approximately $1.3B as a result of the transaction. The company's Thermal Business, commercially known as Clearway Community Energy, consists of thermal infrastructure assets that provide steam, hot water and/or chilled water, and in some instances electricity, to commercial businesses, universities, hospitals, and governmental customers across the United States. The transaction is subject to various customary closing conditions, approvals, and consents and is expected to close in the first half of 2022.
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PYPL PINS | Hot Stocks06:30 EDT PayPal says 'not pursuing an acquisition of Pinterest at this time' - In response to market rumors regarding a potential acquisition of Pinterest (PINS) by PayPal (PYPL), PayPal stated that it is "not pursuing an acquisition of Pinterest at this time." Reference Link
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UNCRY BMDPF | Hot Stocks06:25 EDT UniCredit, Italian MEF cease negotiations on Banca Monte dei Paschi acquisition - Unicredit (UNCRY) and the Italian Minsitry of Economy and Finance, MEF, released the following statement yesterday: "Despite the effort from both sides, UniCredit and the MEF announce that the negotiations pertaining to the potential acquisition of a defined perimeter of Banca Monte dei Paschi di Siena (BMDPF) will no longer continue." Reference Link
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SOL | Hot Stocks06:21 EDT ReneSola signs strategic partnership agreement with Terra Aurea - ReneSola announced the signing of a strategic partnership agreement with Terra Aurea, an Italian, based project developer specialized in the development of renewable energy power plants in Italy, to co-develop ground-mounted solar projects in Italy, with a pipeline of several transactions scheduled for 2022. As part of the agreement, ReneSola Power and Terra Aurea Gela will develop projects in a broad range of sizes across the country. The two companies expect the collaboration to further their presence in the Italian market.
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SRLP | Hot Stocks06:15 EDT Sprague Resources reduces cash distribution 35% to 43.38c per share - Sprague Resources declared a cash distribution of 43.38c, $1.73 per unit on an annualized basis, for the quarter ended September 30. This represents a 35% reduction from the Q2 cash distribution of 66.75c per unit. The reduction will provide approximately $25M annually in direct cash flow to invest in accretive growth projects.
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AHH | Hot Stocks06:15 EDT Armada Hoffler raises quarterly dividend 6.25% to 17c per share - The fourth quarter cash dividend will be payable on January 6, 2022 to stockholders of record on December 29, 2021.
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BRPM... | Hot Stocks06:14 EDT FaZe Holdings to become public through B. Riley Principal 150 Merger combination - FaZe Clan announced it has entered into a definitive merger agreement to combine with B. Riley Principal 150 Merger (BRPM), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial (RILY). The proposed business combination transaction implies an equity value of approximately $1B for the combined company inclusive of nearly $275M of cash. Upon completion of the proposed business combination, BRPM will change its name to FaZe Holdings. The combined company's common stock is expected to be listed on Nasdaq under the new ticker symbol (FAZE). Estimated gross transaction proceeds total $291M, including $173M in cash from BRPM's IPO proceeds held in trust and $118M from committed PIPE investments. The proposed business combination has been approved by the boards of directors of both FaZe Clan and BRPM and is expected to close in Q1 of 2022, subject to regulatory and stockholder approvals. Upon closing, the combined company will be led by FaZe Clan's CEO, Lee Trink, who will also become chairman of the board; Amit Bajaj, CFO; Kai Henry, chief strategy officer and Tammy Brandt, chief legal officer.
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DWSN | Hot Stocks06:07 EDT Dawson Geophysical enters merger agreement with Wilks Brothers - Dawson Geophysical announced that they have entered into a definitive merger agreement pursuant to which a subsidiary of Wilks will commence on or before November 1, a tender offer to acquire all of the company's outstanding common shares for $2.34 per share in cash. Subject to the closing of the offer, the merger agreement also contemplates that Wilks will acquire any Dawson shares that are not tendered into the offer at the same price per share through a second-step merger, which will be completed as soon as practicable following the closing of the offer, subject to the approval of at least 80% of the outstanding Dawson shares. The board of directors of the company is recommending that the company's shareholders tender their shares in the offer. The company's board of directors, with the assistance of the company's financial advisor, commenced an on-going review and analysis of the company's potential strategic alternatives in mid-2019. The transaction is not subject to a financing condition. The tender offer will be subject to customary conditions, including the tender of at least 80% of the outstanding shares of the company pursuant to the offer, which will be open for at least 20 business days following commencement. The company and Wilks may mutually agree to permit closing of the offer if less than 80% of the outstanding shares of the company are tendered. Subject to the closing of the offer, the merger agreement also contemplates that Wilks will acquire any shares of Dawson that are not tendered into the offer through a second-step merger, which will be completed as soon as practicable following the closing of the iffer and will require approval of at least 80% of the outstanding shares of the company. Subject to the closing of the offer, the parties expect to complete the merger in Q4.
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AZN | Hot Stocks06:07 EDT AstraZeneca's Imfinzi + chemotherapy shows improved survival in BTC - The company states: "Positive high-level results from the TOPAZ-1 Phase III trial showed Imfinzi, or durvalumab,, in combination with standard-of-care chemotherapy, demonstrated a statistically significant and clinically meaningful overall survival benefit versus chemotherapy alone as a 1st-line treatment for patients with advanced biliary tract cancer, or BTC. At a predefined interim analysis, the Independent Data Monitoring Committee concluded that the trial met the primary endpoint by demonstrating an improvement in OS in patients treated with Imfinzi plus chemotherapy versus chemotherapy alone. The combination also demonstrated an improvement in progression-free survival and overall response rate, key secondary endpoints. Imfinzi plus chemotherapy was well tolerated, had a similar safety profile versus the comparator arm and did not increase the discontinuation rate due to adverse events compared to chemotherapy alone." Reference Link
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CYDY | Hot Stocks06:05 EDT CytoDyn: First patient treated in Phase 3 Covid trial in Brazil - CytoDyn announced the treatment of the first patient in its pivotal Phase 3 trial (CD16) in Brazil for critically ill COVID-19 patients. An interim analysis will be conducted 28 days following the enrollment of 127 patients. On September 9, the company announced the treatment of the first patient in its other pivotal Phase 3 trial in Brazil (CD17). An interim analysis for this trial will be conducted 28 days after 245 patients have been enrolled.
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MRK | Hot Stocks06:05 EDT Merck and Ridgeback's Molnupiravir for COVID-19 to be reviewed by EMA - Merck and Ridgeback Biotherapeutics announced that the European Medicines Agency, or EMA, has initiated a rolling review for molnupiravir, an investigational oral antiviral medicine, for the treatment of COVID-19 in adults. Merck plans to work with the EMA's Committee for Medicinal Products for Human Use - CHMP - to complete the rolling review process to facilitate initiating the formal review of the Marketing Authorization Application. Merck has submitted an application for Emergency Use Authorization to the FDA, and is actively working to submit applications to other regulatory agencies worldwide. The submission is based on positive results from a planned interim analysis. At the interim analysis, molnupiravir 800 mg twice-daily reduced the risk of hospitalization or death by approximately 50%; 7.3% of patients who received molnupiravir were hospitalized through Day 29 following randomization, vs. 14.1% of placebo-treated patients that were either hospitalized or died. Through Day 29, no deaths were reported in patients who received molnupiravir, vs. 8 deaths in patients who received placebo. Merck has been producing molnupiravir at risk and expects to produce 10 million courses of treatment by the end of 2021, with more courses expected to be produced in 2022. Merck has entered into non-exclusive voluntary licensing agreements for molnupiravir with established Indian generic manufacturers to accelerate availability of molnupiravir in more than 100 low- and middle-income countries following approvals or emergency authorization by local regulatory agencies.
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KBR FLIR | Hot Stocks06:03 EDT KBR appoints Sonia Galindo as general counsel - KBR (KBR) announced the appointment of Sonia Galindo as executive VP and general counsel. Galindo joins KBR from FLIR Systems (FLIR), a global technology company with applications in government & defense, industrial, and commercial markets, where she served as senior VP, general counsel, secretary, and chief ethics and compliance officer.
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MTDR | Hot Stocks06:02 EDT Matador doubles quarterly dividend to 5c per share - Matador Resources announced that its Board of Directors amended the company's dividend policy pursuant to which the company intends to pay quarterly cash dividends on its common stock of 5c per share, which is an increase from its prior policy of 2.5c per share initiated earlier this year. Pursuant to this revised policy, the Board declared a quarterly cash dividend of 5c per share of common stock payable on December 1 to shareholders of record as of November 10.
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EVAX MRK | Hot Stocks05:38 EDT Evaxion Biotech enters supply agreement with Merck to evaluate EVX-01, Keytruda - Evaxion Biotech (EVAX) announced that it has entered into a clinical trial collaboration and supply agreement with subsidiaries of Merck (MRK), to evaluate the combination of Evaxion's cancer immunotherapy EVX-01 with Merck's anti-PD-1 therapy Keytruda in a new Phase 2b study. The planned multicenter Phase 2b trial will enroll patients with metastatic melanoma stage III and stage IV and will investigate the personalized neoepitope immunotherapy EVX-01 in combination with Keytruda. It is expected to be initiated in Q4. Under terms of the agreement, Evaxion will be responsible for the conduct of the study; Merck will supply all of the necessary Keytruda and will continue to collaborate as the data mature.
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RCI | Hot Stocks05:34 EDT Rogers Communications board members provide statement on CEO Joe Natale - Rogers Communications provided a statement on behalf of Loretta Rogers, Melinda Rogers-Hixon, Martha Rogers, John MacDonald, John Clappison, David Peterson, Bonnie Brooks and Ellis Jacob. The statement said, "We unequivocally support Joe Natale as CEO and support his management team. We along with the Management continue to work tirelessly on behalf of all stakeholders including customers, employees, and shareholders. We remain as duly elected members of the Rogers Communications Inc. Board and represent the majority of the Board members of the company. No other group of individuals has any authority to purport to act as the Board of Directors of Rogers Communications Inc."
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REGN SNY | Hot Stocks05:27 EDT Regeneron, Sanofi announce second Dupixent Phase 3 trial meets primary endpoint - Regeneron (REGN) and Sanofi (SNY) announced results from a second Phase 3 trial assessing the investigational use of Dupixent in patients 12 years and older with eosinophilic esophagitis, or EoE. The trial met its co-primary endpoints in patients taking Dupixent 300 mg weekly, showing significant improvements in clinical and histologic disease measures compared to placebo. In this trial, 80 patients were enrolled into a Dupixent 300 mg weekly treatment group and 79 patients were enrolled into the placebo group. The co-primary endpoints at 24 weeks assessed patient-reported measures of difficulty swallowing and esophageal inflammation. Patients treated with Dupixent 300 mg weekly experienced the following changes by week 24 compared to placebo: 64% reduction in disease symptoms from baseline compared to 41% for placebo. Dupixent patients experienced a 23.78 point improvement on the 0-84 DSQ scale, compared to a 13.86 point improvement for placebo; baseline DSQ scores were approximately 38 and 36 points, respectively. Nearly 10 times as many Dupixent patients achieved histological disease remission: 59% of patients achieved histological disease remission compared to 6% of placebo patients. This was measured by the proportion of patients who achieved a peak esophageal intraepithelial eosinophil count of 6 eos/hpf; mean baseline peak levels were 89 and 84 eos/hpf, respectively. The safety results of the trial were generally consistent with the known safety profile of Dupixent in its approved indications. For the 24-week treatment period, overall rates of adverse events were 84% for Dupixent 300 mg weekly and 71% for placebo. Adverse events that were more commonly observed with Dupixent every week included injection site reactions, fever, sinusitis, COVID-19 and hypertension. No imbalance was observed in rates of treatment discontinuation due to adverse events between Dupixent and placebo groups prior to week 24. Detailed results from the trial will be shared at an upcoming medical meeting. Results from the extended active treatment period of a previously reported Phase 3 trial studying Dupixent 300 mg weekly for 24 weeks were also recently presented at the United European Gastroenterology Week Virtual 2021 congress. Data from the clinical trial program will be submitted to regulatory authorities by 2022.
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ERYP | Hot Stocks05:22 EDT Erytech Pharma announces TRYbeCA-1 trial misses OS primary endpoint - Erytech Pharma announced top-line results from its Phase 3 TRYbeCA-1 clinical trial evaluating eryaspase as second-line treatment in 512 patients with metastatic pancreatic cancer. The trial did not meet its primary endpoint of overall survival, or OS. In the TRYbeCA-1 trial, eryaspase demonstrated an improvement in the primary endpoint of OS compared to chemotherapy alone with a hazard ratio, or HR, of 0.92 in the intent-to-treat population, and the difference was not statistically significant. The median OS for patients treated with eryaspase plus chemotherapy was 7.5 months, compared to 6.7 months for chemotherapy alone. While the patients treated with gemcitabine plus nabpaclitaxel did not experience a survival benefit from the addition of eryaspase, patients treated with eryaspase and an irinotecan-based chemotherapy regimen showed nominal survival benefit with a HR of 0.77 over those treated with chemotherapy alone. This prespecified subgroup had a median OS of 8 months in the eryaspase-treated arm versus 5.7 months in the control arm. Key secondary endpoints of the trial, including progression-free survival, disease control rate and objective response rate, showed benefit in favor of eryaspase. The safety profile of eryaspase observed in the TRYbeCA-1 trial was consistent with earlier observations and previous safety reviews by the trial's independent data monitoring committee, or IDMC. Further analysis of the data will be performed, and full results will be presented at an upcoming medical conference. Erytech will now focus on its late-stage program in acute lymphoblastic leukemia , or ALL, and pursue a path to approval in hypersensitive ALL based on results of NOPHO-sponsored Phase 2 trial. The company reiterates its intention to submit a BLA before the end of the year.
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PCG | Hot Stocks05:15 EDT PG&E provides update on outages from atmospheric river storm in California - PG&E continues to execute a response to the early-season atmospheric river storm that delivered high winds and several inches of rain throughout Northern and Central California. Since the storm arrived in the early hours of Sunday morning, approximately 380,000 customers have lost power. That's about 7% of the utility's 5.5M electric customers. As of 6 p.m. Sunday evening, power has been restored for approximately 250,000 of those customers and approximately 130,000 customers remain impacted. PG&E's response includes opening system-wide Emergency Operations Center as well as four regional storms centers and 20 local storm centers. There are approximately 3,000 electric and tree crews on the job, including distribution and transmission line crews; troublemen and women, which are the utility industry's first responders to an outage; inspectors; and vegetation crews. Hundreds more employees are staffing the storm centers, performing safety duties, delivering equipment to PG&E yards and more. Those crews were pre-positioned to be in place where PG&E's in-house meteorology team had forecasted that storm impacts would be most severe. Additionally, PG&E has requested mutual assistance from nearby utilities. Crews from San Diego Gas & Electric are expected to arrive by Tuesday. The heaviest impacts are being felt in the greater Bay Area with San Mateo, Santa Clara and Marin counties having the most outage totals.
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CRTD | Hot Stocks05:12 EDT Creatd announces second NFT art drop, includes photos of former president Trump - Creatd announced its second non-fungible token, or NFT, art drop. The company's second NFT offering captures a a series of three photographs of former president Donald Trump. The photographs were first unearthed by Creatd founder and co-CEO Jeremy Frommer within the collection, acquired from creditors of Bob Guccione. Guccione, an artist and photographer, was the CEO of General Media, the company behind magazines such as Longevity, Viva, Penthouse and OMNI. The NFT is being offered by the OG Gallery through the OpenSea platform and features three candid images of Donald Trump. The asking price for the Trump photo NFT is 240 ETH, and includes the original JPG of the photograph, plus a large scale 1/1 print of the photograph in a gilded frame, all authenticated by the OG Collection curation team.
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YMM | Hot Stocks05:08 EDT Full Truck Alliance reports 35.3M fulfilled orders, GTV of RMB 67.3B in Q3 - Full Truck Alliance announced that the company facilitated 35.3M fulfilled orders with gross transaction value, or GTV, of RMB 67.3B in Q3, representing 78.4% and 48.8% year-over-year growth, respectively. Peter Hui Zhang, founder, chairman and CEO of FTA, stated, "Despite multiple headwinds, we maintained steady broad-based development across our businesses in the third quarter, a testament to the synergies of our platform's efficiency and the strength of our nationwide road logistics network. We are committed to delivering products and services with superior value and are confident our user growth will gradually resume if the pending cybersecurity review of our Yunmanman and Huochebang apps is completed favorably to us."
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FSM | Hot Stocks05:05 EDT Fortuna Silver Mines provides update on EIA extension at San Jose Mine - Fortuna Silver Mines is providing an update on the status of its application for an extension of the environmental impact authorization at the San Jose Mine, located in Oaxaca, Mexico. In 2009, the Secretaria de Medio Ambiente y Recursos Naturales, or SEMARNAT, granted an Environmental Impact Authorization, or EIA, to Fortuna's Mexican subsidiary, Compania Minera Cuzcatlan, or CMC, which authorized the construction, execution and maintenance of the San Jose Mine for a period of 12 years effective until October 23. In May, CMC filed an application to extend the term of the EIA for an additional period of 10 years. SEMARNAT requested additional information pertaining to the application which has been provided. A decision from SEMARNAT is outstanding. CMC is working with SEMARNAT and government authorities to resolve this matter and has obtained a provisional injunction from a Mexican federal court that allows the continued operation of the San Jose Mine beyond the expiry date of the EIA. CMC has also initiated legal proceedings in the Federal Administrative Court in Mexico City to protest the lack of formal response to the application to extend the EIA and to seek an additional injunction to permit the continued operation of the San Jose Mine until the extension to the EIA is granted.
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