Stockwinners Market Radar for October 26, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
IR | Hot Stocks20:35 EDT Ingersoll-Rand initiates quarterly dividend of 2c per share - The dividend is payable on December 17, 2021, to stockholders of record on November 10, 2021. The company states: "This is the first quarterly dividend to be paid by the company as part of its new dividend program, which was recently announced during the presentation of its M&A-focused capital allocation strategy at an investor call on September 2, 2021."
|
WMT | Hot Stocks19:53 EDT Walmart recalled 3.9K bottles of Better Homes and Gardens essential oils - The company states: "Walmart continues to assist the Consumer Product Safety Commission and Centers for Disease Control and Prevention in their investigation and on Oct. 22 voluntarily recalled about 3,900 bottles of Better Homes and Gardens-branded- Essential Oil Infused Aromatherapy Room Spray with Gemstones in six different scents due to the possible presence of a rare and dangerous bacteria. Walmart quickly enacted plans on behalf of its customers after federal agencies alerted the company of concerns with an aromatherapy room spray manufactured by Flora Classique Inc. and sold under the Better Homes & Gardens brand."
|
LOGI | Hot Stocks18:23 EDT Logitech CEO: We're in a good position from a secular growth standpoint - In an interview on CNBC's Mad Money, Bracken Darrell said almost all of Logitech's businesses are in the secular growth box. "We feel good about the momentum in video collaboration," he added. The company is putting more into inventory to offset supply chain issues. According to Darrell, Logitech is not immune to supply chain challenges, but it will be prepared for the holidays. He expects to use more air freight, which will likely impact margins.
|
TWTR | Hot Stocks18:23 EDT Twitter says Olympics went better than expected from revenue perspective - Sees room for growth in personalization.
|
BPOP | Hot Stocks18:22 EDT Popular exec chairman Carrion sells 25,286 common shares - In a regulatory filing, Popular executive chairman Richard Carrion disclosed the sale of 25,286 common shares of the company on October 26, 2021 at a price of $85.059 per share.
|
PFE BNTX | Hot Stocks18:20 EDT Pfizer, BioNTech confirm FDA panel supports EUA for COVID vaccine in children - Pfizer (PFE) and BioNTech (BNTX) announced that the U.S. Food and Drug Administration's Vaccines and Related Biological Products Advisory Committee voted 17 to 0, with 1 abstention, to recommend the FDA grant Emergency Use Authorization for the companies' COVID-19 vaccine in children 5 to less than12 years of age. VRBPAC is made up of independent experts who advise the FDA on scientific and regulatory matters, including the evaluation of vaccine safety and efficacy. The committee reviewed the totality of scientific evidence shared by the companies, including results from a Phase 2/3 randomized, controlled trial that included ~4,500 children 5 to less than12 years of age. Participants in this age group received a two-dose regimen of 10-microgram doses administered 21 days apart, one-third of the 30-microgram dose used for people 12 years and older. This dose level was carefully selected for use in the trial based on safety, tolerability and immunogenicity data evaluated as part of a dose-ranging study. The Phase 2/3 trial showed a favorable safety profile, robust immune responses and a vaccine efficacy rate of 90.7% in participants without prior SARS-CoV-2 infection, measured from 7 days after the second dose. The Data Monitoring Committee for the study has reviewed the data and has not identified any serious safety concerns related to the vaccine. "We appreciated the opportunity to present our clinical data demonstrating the safety and high efficacy of our COVID-19 vaccine in children 5 to under 12 years of age," said Kathrin U. Jansen, Ph.D., Senior Vice President and Head of Vaccine Research & Development, Pfizer. "COVID-19 is an ongoing threat for the more than 28 million young children in this age group in the U.S., as they remain at risk for this infection. About 10% of all weekly U.S. cases occur in children 5 to under 12 years of age with a potential risk of complications. In addition, immunizing children will help to get us closer to herd immunity, with the potential to stem the pandemic sooner. We thank the FDA advisory committee for their review and positive recommendation in support of Emergency Use Authorization to help protect this young population."
|
TWTR AAPL | Hot Stocks18:17 EDT Twitter says it's moving fast to adapt to Apple tracking changes - Twitter (TWTR) says moving fast to adapt to Apple (AAPL) tracking changes. Says has "so much more work to do" in terms of machine learning.
|
TWTR AAPL | Hot Stocks18:11 EDT Twitter not changing goal of generating $7B+ in annual revenue by 2023 - Twitter (TWTR) says 12 of 14 official Olympics sponsors ran ads on Twitter during 2021 games. Says no change to goal of generating $7B or more in annual revenue by 2023. Says too early to assess overall impact of Apple's (AAPL) App Store changes, but notes "modest" impact in Q3. Comments taken from Q3 earnings conference call.
|
SI | Hot Stocks18:10 EDT Silvergate Capital director Reed sells 7,522 class A shares - In a regulatory filing, Silvergate Capital director Scott Reed disclosed the sale of 7,522 class A common shares of the company at a price of $150.1109 per share.
|
RHP STRS | Hot Stocks18:01 EDT Ryman Hospitality to acquire Block 21 from Stratus Properties for $260M - Ryman Hospitality Properties, Inc. (RHP) announced it reached an agreement with Stratus Properties Inc. (STRS) to acquire Block 21, a mixed-use entertainment, lodging, office, and retail complex located in downtown Austin, Texas, for a total purchase price of $260M, which includes the assumption of approximately $138M of existing mortgage debt. In addition, Ryman will receive approximately $11M of existing cash reserves attributable to the assets. The company also amended its credit agreement with its lenders to allow for the acquisition and the use of borrowings under its revolving credit line to fund the acquisition, so long as after such borrowings the balance of the revolving credit line is at or below $400M. The acquisition is expected to close near the end of the fourth quarter of 2021, subject to customary closing conditions including, but not limited to, consent to the company's assumption of the existing mortgage loan by the loan servicer and the consent of the property manager, an affiliate of Marriott, to the company's assignment and assumption of the existing management agreement.
|
STRS | Hot Stocks18:01 EDT Stratus Properties to sell Block 21 for $260M to Ryman Hospitality - Stratus Properties "announced that it has agreed to sell Block 21, a mixed-use entertainment, lodging, office and retail complex located in downtown Austin, Texas, to Ryman Hospitality Properties, Inc. for $260M. Stratus previously announced an agreement to sell Block 21 to Ryman for $275M in December 2019, which was terminated in May 2020 by Ryman due to the intervening COVID-19 pandemic. As a result of the termination, Ryman forfeited $15M of earnest money to Stratus."
|
RHHBY | Hot Stocks18:00 EDT Genentech's treatment of MOGAD receives FDA orphan designation - According to a post on the FDA's website, Genentech's treatment of MOGAD received orphan designation. Reference Link
|
MSFT | Hot Stocks17:55 EDT Microsoft CFO says Q1 commercial bookings grew 14%, RPO up 29% in constant FX - Says Windows OEM performance was better than expected in a growing PC market despite ongoing supply chain strengths. Says in gaming, we were able to ship more Xbox Series X and S consoles than expected even as demand continues to exceed supply.
|
MSFT | Hot Stocks17:49 EDT Microsoft CEO says delighted with early response to Windows 11 - Says Windows 11 is the most open platform. Says 650K customers use Microsoft security solutions - up 50% y/y. Says Azure now has 500M active users. Comments taken from Q1 earnings conference call.
|
MSFT | Hot Stocks17:44 EDT Microsoft CEO says LinkedIn saw record engagement in the quarter - Says Microsoft Teams usage has never been higher. Says Teams has become first-class platform for application development. Comments taken from Q1 earnings conference call.
|
HARP | Hot Stocks17:39 EDT Harpoon Therapeutics CEO Jerry McMahon to retire, Julie Eastland to succeed - Harpoon Therapeutics announced that Julie Eastland has been named president and CEO, effective November 8. Eastland will succeed Jerry McMahon, who has resigned from his position as president and CEO and as a member of the company's board of directors. McMahon has entered into a retirement and transition agreement with Harpoon and will serve as an advisor. Eastland currently serves on the Harpoon Board and will continue in that role. In addition, Scott Myers, also a board member, has been named chair of the Harpoon Board. Eastland joined the Harpoon Board in 2018 and her career spans more than 20 years of executive leadership in the biotechnology industry. Most recently she served as COO and CFO of ReCode Therapeutics, a private genetic medicines company developing therapeutics using its proprietary lipid nanoparticle delivery technology to target organs and tissues beyond the liver.
|
FULT | Hot Stocks17:39 EDT Fulton Financial CLO Daniel Stolzer to retire on January 7, 2022 - Daniel R. Stolzer, senior executive vice president, chief legal officer and corporate secretary of Fulton Financial Corporation, has announced that he will retire from Fulton on January 7, 2022 after more than eight years of service to the company. In a related announcement, Fulton announced that Natasha R. Luddington has joined Fulton's senior management team as senior executive vice president and will become the corporation's chief legal officer and corporate secretary upon Stolzer's retirement.
|
NAVB | Hot Stocks17:31 EDT Navidea CEO Jed Latkin resigns, office established to lead on interim basis - Navidea announced the resignation of Jed Latkin as CEO, CFO and COO of the company, and as a member of the board of directors of the company, effective October 24. Latkin and the company are discussing the terms of a severance agreement pursuant to his employment contract. An office of the CEO including three members of the company's board of directors has been established to lead the company on an interim basis while the next CEO of the company is identified with the assistance of an executive search firm. The Office of the CEO consists of three board members, including the chairman, vice Chairman and Thomas Farb, and the company's senior VP and CMO, Michael Rosol and the company's VP of finance and administration, Erika Eves.
|
RTX | Hot Stocks17:17 EDT Raytheon Technologies awarded $340M Air Force contract - Raytheon has awarded a $340M firm-fixed-price, cost-reimbursable, indefinite-delivery/indefinite-quantity contract for mobile sensors operations and maintenance services of the Cobra King radar system. Work will be performed at Patrick Space Force Base, Florida, and outside continental U.S. locations, and is expected to be completed by October 31, 2031. This award is the result of a competitive acquisition in which one offer was received. FY22 operations and maintenance funds in the amount of $17.7M are being obligated at the time of award. Acquisition Management and Integration Center is the contracting activity.
|
TRIL PFE | Hot Stocks17:16 EDT Trillium shareholders approve acquisition by Pfizer subsidiary - Trillium Therapeutics (TRIL) announced that its securityholders approved a statutory arrangement with PF Argentum, a wholly-owned, indirect subsidiary of Pfizer (PFE) at the special meeting of Trillium securityholders. Pursuant to the arrangement, PF Argentum will acquire all of the issued and outstanding shares and warrants of Trillium, other than Trillium securities owned by Pfizer and its affiliates. The arrangement is subject to court and regulatory approvals and clearances, as well as other customary closing conditions. Subject to the satisfaction of such conditions, the transaction is expected to be completed in Q4 of 2021 or the first half of 2022.
|
NAVI | Hot Stocks17:10 EDT Navient reports Q3 loan delinquency 8.5% vs. 9.3% last year - Reports Q3 Private Education Loan delinquency rate increased from 2.4% to 3.0% y/y and delinquencies greater than 30 days were $3.8B compared with $4.5B y/y.
|
FCF | Hot Stocks17:09 EDT First Commonwealth approves $25M share repurchase program - The Board of Directors authorized an additional $25M share repurchase program
|
CURLF | Hot Stocks17:03 EDT Curaleaf begins sale of whole flower at New York locations - Curaleaf announced that its initial batches of New York whole flower have cleared testing by third party labs and that sales of three initial strains will begin this afternoon in company's Newburgh location and tomorrow afternoon in Curaleaf's Carle Place, Forest Hills, and Plattsburgh dispensaries. Prior to this month, cannabis was only available to New York patients in ground form.
|
FHN | Hot Stocks17:01 EDT First Horizon boosts share repurchase authorization by $500M - First Horizon Corporation announced that its board of directors has authorized a $500M increase in its existing 2021 common share repurchase authorization. The existing program has approximately $227M of remaining authorization, resulting in total repurchase capacity of approximately $727M. "We are pleased to report the board's approval of a significant increase in our share repurchase program," said Bryan Jordan, Chief Executive Officer and President. "Management and the board believe that, given our solid capital position and the current environment, increasing our return of capital through share repurchases is an important component of driving enhanced shareholder returns."
|
GOOG GOOGL | Hot Stocks16:58 EDT Alphabet says there is unevenness in recovery of global economy - Says Android 12 is the biggest design change in Android history. Says Q3 cloud revenue grew 45% year-over-year. Says surpassed 50M music and streaming subscribers on Youtube. Says Waymo will open trucking hub in Dallas-Forth Worth area next year. Says business in APAC is growing really well. Says there is unevenness in recovery of global economy. Says has seen explosive growth in digital over past 20 months, but brick and mortar is not dead. Says expects no foreign exchange impact in Q4. Says expects drivers of revenue in Q4 to be hardware and YouTube subscriptions. Comments taken from Q3 earnings conference call.
|
DBVT | Hot Stocks16:53 EDT DBV extends losses, shares down 30% to $3.54 after FDA update
|
TEVA | Hot Stocks16:47 EDT Teva, MODAG announce licensing collaboration for anle138b and sery433 - Teva and MODAG announced a strategic collaboration on the exclusive worldwide licensing and development of MODAG's lead compound anle138b and a related compound, sery433. Anle138b targets pathological alpha-synuclein oligomers and is being evaluated in patients with neurodegenerative diseases for potential disease modification. Under the terms of the agreement and pending regulatory clearance, Teva will receive an exclusive global license to develop, manufacture and commercialize anle138b and sery433. The companies will jointly develop the compounds for the multiple system atrophy, or MSA, and Parkinson's disease, or PD, indications based on early-stage clinical studies, and consider exploring additional indications based on clinical outcomes. A Phase 1 study examining anle138b in healthy volunteers completed in July 2020 demonstrated benefit-risk profile at all dose levels while achieving higher plasma levels than those required for full therapeutic efficacy in animal models. Anle138b was initially developed in patients with MSA and PD and has the potential to be applied to other neurodegenerative disorders, such as Alzheimer's disease. A Phase 1b clinical trial evaluating the safety of the compound, as well as efficacy measures in patients living with PD, is currently being conducted.
|
HOOD | Hot Stocks16:40 EDT Robinhood falls 7% to $36.80 per share after Q3 earnings miss
|
BVS MSON | Hot Stocks16:39 EDT Bioventus, Misonix stockholders approve previously announced merger pact - Bioventus (BVS) and Misonix (MSON) announced that the stockholders of Bioventus approved the issuance of shares of Bioventus class A common stock to the stockholders of Misonix in connection with the previously announced Agreement and Plan of Merger, dated July 29, by and among Bioventus, Misonix and other parties thereto, pursuant to which Misonix will be acquired by, and become a wholly-owned subsidiary of, Bioventus and the stockholders of Misonix have approved the proposal to adopt the Merger Agreement.
|
ROL | Hot Stocks16:35 EDT Rollins declares special year-end cash dividend of 8c per share - On October 26, the Board of Directors declared a regular quarterly cash dividend on its common stock of 10c per share plus a special year-end cash dividend of 8c per share with both payable on December 10 to stockholders of record at the close of business on November 10.
|
FRBA | Hot Stocks16:33 EDT First Bank declares quarterly dividend of 6c per share - On October 19, First Bank's Board of Directors declared a quarterly cash dividend of 6c per share to common stockholders of record at the close of business on November 5, payable on November 19. This reflects a 100% increase from the dividend declared during the linked and prior year quarters and represents an annualized yield of 1.57% based on upon the $15.25 closing price of the Bank's stock on October 19.
|
NOVA CHPT | Hot Stocks16:33 EDT Sunnova Energy partners with ChargePoint on EV charging solutions for homeowners - Sunnova Energy (NOVA) has partnered with ChargePoin (CHPT) to offer Sunnova customers EV charging solutions. "Sunnova partnered with ChargePoint to help streamline and accelerate growth in consumer EV adoption. EVs in the home increase annual energy demand from 50% to 100%, depending on the owners charging behavior. By bundling a solar system and an EV charger in a single purchase, Sunnova is allowing customers to properly size and install the right energy solution for all their needs," said Michael Grasso, Chief Marketing and Growth Officer at Sunnova. "And with ChargePoint software embedded in their personal Sunnova portal, customers will benefit from car charging optimized for their Sunnova home energy ecosystem."
|
DKL | Hot Stocks16:33 EDT Delek Logistics raises quarterly distribution 1.1% to 95c per unit - Delek Logistics Partners declared its quarterly cash distribution for the third quarter 2021 of 95c per common limited partner unit, or $3.80 per common limited partner unit on an annualized basis. This distribution represents a 1.1% increase from the distribution for the second quarter 2021 of 94c per common limited partner unit and a 5% increase over Delek Logistics' distribution for the third quarter 2020 of 90.5c per common limited partner unit. The third quarter 2021 cash distribution is payable on November 10, 2021 to unitholders of record on November 5, 2021. "This sustains a consistent quarterly increase since the fourth quarter 2012 in the cash distribution and demonstrates stability of the business throughout various business cycles. Industry trends are positive with healthy margins driving strong utilization rates of refining and logistics assets. These macro dynamics provide us with confidence in the outlook for DKL," said Uzi Yemin, Chairman, President and Chief Executive Officer of Delek Logistics.
|
EHC | Hot Stocks16:33 EDT Encompass Health files lawsuit against April Anthony for breach of non-compete - Encompass Health Corp. filed a lawsuit seeking an injunction against former executive April Anthony in state District Court in Dallas County, Texas for breach of her employment agreement with Encompass Health, including breach of non-competition and non-solicitation obligations, and for misappropriation of trade secrets. In a statement, Encompass said: "The Company acted after recently learning from multiple sources that Ms. Anthony met in secret with employees, including senior executives, to encourage them to leave the Company to join a competing venture. These efforts began before Ms. Anthony left the Company's employment and continued thereafter. Ms. Anthony took extraordinary steps to hide her activities, which were in direct violation of her contractual and other legal obligations."
|
DBVT | Hot Stocks16:32 EDT DBV Technologies drops 11% to $4.50 after detailing FDA feedback
|
FRBA | Hot Stocks16:32 EDT First Bank announces new share repurchase program - On October 26, 2021, the Bank received regulatory approval for the repurchase of up to 1.3 million shares of First Bank common stock in the open market for an aggregate repurchase amount of up to $18.2 million. This new share repurchase program was also approved by the Bank's Board of Directors and will expire on September 30, 2022. The company purchased 218,000 shares during the third quarter 2021, for an aggregate purchase price of approximately $2.8 million, or an average share price of $13.03, under its preexisting share repurchase program that was approved in third quarter 2020 and ended on September 30, 2021.
|
DBVT | Hot Stocks16:32 EDT DBV says FDA requested stepwise approach to Viaskin program - DBV Technologies said that on October 14, it received communication from the FDA concerning the STAMP protocol submission of May 6, 2021. The FDA has requested a stepwise approach to DBV's modified Viaskin Peanut development program. The FDA would like to review the data from DBV's protein uptake release study prior to providing additional comments on the STAMP protocol design, it added. In its communication, FDA stated that guidance is forthcoming on how best to demonstrate the protein uptake comparability of the mVP to the reference or current patch. The STAMP trial will not be initiated until DBV receives complete feedback from the FDA. "DBV is working hard to find an efficient and timely path forward. On behalf of patients and providers urgently awaiting a therapeutic advancement in treating peanut allergy, DBV will continue to pursue our goal of bringing Viaskin Peanut to the food allergy community," said Daniel Tasse, CEO.
|
AEP | Hot Stocks16:32 EDT American Electric transaction to be 1c-2c accretive to 2022 ongoing earnings - AEP expects the sale to have an immaterial, one-time impact to after-tax book earnings. The transaction will be 1c-2c accretive to 2022 ongoing earnings. The sale is subject to regulatory approvals from the Kentucky Public Service Commission and the Federal Energy Regulatory Commission. The transaction is also subject to federal clearance pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and clearance from the Committee on Foreign Investment in the United States.
|
AEP AQN | Hot Stocks16:31 EDT American Electric to sell Kentucky operations to Algonquin unit for $2.846B - American Electric Power (AEP) has entered into an agreement to sell its Kentucky operations, which include Kentucky Power and AEP Kentucky Transco, to Liberty, the regulated utility business of parent company Algonquin Power & Utilities Corp. (AQN), for $2.846B enterprise value. The sale is expected to close in the second quarter of 2022, pending regulatory approvals. AEP announced in April 2021 that the company was conducting a strategic review of its Kentucky operations, including a potential sale, and held a competitive process as part of the review."Kentucky Power and its employees are an important part of the communities in eastern Kentucky, and I am grateful for their valuable contributions to AEP," said Nicholas K. Akins, AEP chairman, president and chief executive officer. "Liberty's commitment to safety and operational excellence will allow Kentucky Power employees to continue their critical work producing and delivering reliable power for customers and communities. At the same time, the sale will strengthen AEP's ability to invest in projects that will support a resilient, cleaner energy system."
|
CRTX | Hot Stocks16:31 EDT Cortexyme trading resumes
|
VAL | Hot Stocks16:30 EDT Valaris announces contract with Esso Exploration Angola for drillship - Valaris Limited announced that it has been awarded a two-year contract with Esso Exploration Angola, an affiliate of ExxonMobil, offshore Angola for drillship VALARIS DS-9. The rig is currently preservation stacked in the Canary Islands, where it will be reactivated and then mobilized to Angola ahead of the anticipated contract commencement in June 2022.
|
BKH | Hot Stocks16:30 EDT Black Hills increases quarterly dividend 5.3% to 59.5c per share - Black Hills announced that its board of directors approved a quarterly dividend of 59.5c per share, an increase of 3c per share, or 5.3%, over last quarter's dividend. Common shareholders of record at the close of business on November 17 will receive 59.5c per share, payable December 1.
|
EVGO GM | Hot Stocks16:28 EDT EVgo, GM open new EV charging station in Colorado - EVgo (EVGO) announced the opening of a new EV charging station comprised of six new EVgo public direct current fast chargers at Lloyd King Center, located at 6350 Sheridan Boulevard in Arvada, Colorado. "The opening of another EVgo charging station in Colorado builds upon GM (GM) and EVgo's effort to accelerate charging infrastructure build out by adding more than 2,700 DC fast charging stations. Along with all the Ultium-ready chargers at EVgo stations, GM customers can leverage charging capabilities up to 350-kilowatts," said Alex Keros, Lead Architect, EV Infrastructure at General Motors. "We are excited to partner with EVgo to expand charging access here in the Rocky Mountain State and across the country."
|
PSNL | Hot Stocks16:27 EDT Personalis publishes new data on performance of SHERA as cancer diagnostic - Personalis "announced the publication of its study "Precision neoantigen discovery using large-scale immunopeptidomes and composite modeling of MHC peptide presentation," in the Immunopeptidomics Special Issue of the journal Molecular & Cellular Proteomics. The Personalis authors created Systematic HLA Epitope Ranking Pan Algorithm, or SHERPA, a novel pan-allelic machine learning algorithm for predicting MHC-peptide binding and presentation that demonstrates significantly improved performance compared to currently available prediction tools. To improve performance and generalizability, SHERPA was trained with immunopeptidomics data from newly engineered cell lines mono-allelic for HLA combined with other publicly available datasets. In addition, SHERPA was designed to more comprehensively capture epitope binding and presentation features to further enhance the predictive power of the algorithm. Using a composite model constructed with gradient boosting decision trees, multi-allelic deconvolution, and 2.15 million peptides encompassing 167 unique human HLA alleles, SHERPA achieved a 1.44-fold improvement of positive predictive value compared to existing tools when evaluated on independent mono-allelic datasets. Since publication, Personalis has further expanded the in-house generated immunopeptidomics training data set to a total of ~70 mono-allelic cell lines, resulting in a new version of SHERPA with further enhanced performance."
|
GTY | Hot Stocks16:27 EDT Getty Realty raises quarterly dividend 5.1% to 41c per share - Getty Realty Corp. announced that its Board of Directors declared a cash dividend of 41c per common share, an increase of 5.1% over the previous quarterly dividend. The dividend is payable on January 6, 2022 to holders of record on December 23, 2021.
|
WCN | Hot Stocks16:26 EDT Waste Connections reports reduction in emissions, progress towards ESG targets - Waste Connections announced the release of its 2021 Sustainability Report demonstrating progress towards all of its long-term, aspirational sustainability targets, as well as an 8% reduction in operational greenhouse gas emissions. The updated report also provides expanded disclosure illustrating the company's commitment to environmental stewardship, the health, welfare and development of its employees, and the support of its local communities. Reference Link
|
WCN | Hot Stocks16:24 EDT Waste Connections reports reduction in emissions, progress towards ESG targets - Waste Connections announced the release of its 2021 Sustainability Report demonstrating progress towards all of its long-term, aspirational sustainability targets, as well as an 8% reduction in operational greenhouse gas emissions. The updated report also provides expanded disclosure illustrating the company's commitment to environmental stewardship, the health, welfare and development of its employees, and the support of its local communities. Reference Link
|
CLR | Hot Stocks16:24 EDT Continental Resources reports Q3 total production averaged 331.4 MBoepd - Continental Resources, announced its Q3 production results and record free cash flow and rescheduled its Q3 earnings release and conference call. Q3 total production averaged approximately 331.4 MBoepd. Q3 oil production averaged approximately 157.2 MBopd. Q3 natural gas production averaged approximately 1,046 MMcfpd. The Company generated approximately $1.02B of cash flow from operations and a Company record $669M of free cash flow for the Q3. Non-acquisition capital expenditures attributable to the Company for Q3 totaled approximately $384M. The Company has reduced its total debt to $4.74B and with a cash balance of $694M this equates to net debt of $4.05B billion as of September 30. "We have elected to continue focusing on natural gas development in Oklahoma based on favorable market conditions. This resulted in an approximate 80 MMcfpd increase in natural gas and 4 MBopd reduction in oil to third quarter 2021 production results in Oklahoma vs. prior projections. Additionally, in support of our industry-leading ESG gas capture stewardship in the Bakken, we voluntarily curtailed an incremental 3 MBopd in third quarter 2021 during unplanned midstream outages," said Bill Berry, CEO. The Company plans to announce Q3 results on Wednesday, November 3, after the close of trading on the NYSE.
|
V | Hot Stocks16:22 EDT Visa increases quarterly cash dividend 17% to 37.5c per share - On October 22, the board of directors declared an increase to Visa's quarterly cash dividend to 37.5c per share of class A common stock, payable on December 7 to all holders of record as of November 12.
|
HRZN | Hot Stocks16:21 EDT Horizon Technology declares special distribution for December of 5c per share - Record date is November 18 with payment date of December 15.
|
AMD | Hot Stocks16:21 EDT AMD up 1.8% after reporting better-than-expected Q3 earnings, Q4 guidance
|
TXN | Hot Stocks16:20 EDT Texas Instruments drops 5% to $187.69 after mixed Q3 results
|
PFE BNTX | Hot Stocks16:19 EDT FDA panel votes in support of Pfizer-BioNTech vaccine for kids aged 5-11 - An FDA Advisory Committee voted 17 yes to 0 no with 1 abstention that the totality of scientific evidence available supports the benefits of the Pfizer (PFE) and BioNTech (BNTX) COVID vaccine when administered as a 2-dose series outweigh its risks for use in children 5-11 years of age.
|
ASB | Hot Stocks16:19 EDT Associated Banc-Corp announces $100M share repurchase program - The Board authorized the repurchase of up to $100M of Associated's common stock. This repurchase authorization is in addition to the authority remaining under the previous program.
|
NBR | Hot Stocks16:18 EDT Nabors Industries sees FY21 CapEx 270M - Capital expenditures for the full year are expected to total approximately $270M, including approximately $90M supporting SANAD's newbuild rig program. This translates into targeted fourth quarter capital expenditures of $91M, of which $32M is for SANAD newbuilds.
|
VEI | Hot Stocks16:15 EDT Vine Energy completes drilling phase of horizontal well in Louisiana - Vine Energy announced the conclusion of the drilling phase of the longest onshore horizontal well in the State of Louisiana. The CHKMIN 20-29-32HC-01 ALT was recently drilled in Sabine Parish to the Mid-Bossier formation with an estimated lateral of 15,240 feet and total measured depth of 27,520 feet. The well was drilled in 35 days and the drilling phase cost approximately $400 per lateral foot, a Vine record for both drilling time and cost. The well is scheduled for completion in January 2022.
|
V | Hot Stocks16:15 EDT Visa reports Q4 payments volume up 17% on constant-dollar basis - Reports Q4 payments volume up 17% year-over-year in constant dollars, cross-border volume excluding intra-Europe up 46%, cross-border volume total up 38% and processed transactions up 21%.
|
EGP | Hot Stocks16:14 EDT EastGroup Properties raises FY21 FFO view to $6.01-$6.05 from $5.83-$5.93 - Consensus is for FY21 FFO $5.91. Sees FY21 EPS $2.85-$2.89, consensus $2.77.
|
NCR | Hot Stocks16:12 EDT NCR Corp. sees being at lower end of 2H outlook - The company previously forecast 2H adjusted EPS $1.30-$1.50, revenue $4B-$4.1B, adjusted EBITDA $700M-$750M and free cash flow of $325M-$375M.
|
AMBA | Hot Stocks16:12 EDT Ambarella to acquire Oculii, terms undisclosed - Ambarella announced it has entered into a definitive agreement to acquire Ohio-based Oculii. Oculii's AI software algorithms are designed to enable radar perception using current production radar chips to achieve significantly higher resolution, longer range and greater accuracy. The boards of directors at both companies have approved the transaction, which is subject to customary closing conditions and expected to close during Ambarella's Q4 of FY22.
|
TXN | Hot Stocks16:12 EDT Texas Instruments says analog revenue grew 24% in Q3 - Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman, president and CEO, made the following comments: "Revenue increased 22% from the same quarter a year ago due to strong demand in industrial, automotive and personal electronics. Analog revenue grew 24% and Embedded Processing grew 13% from the same quarter a year ago. Our cash flow from operations of $8.5 billion for the trailing 12 months again underscored the strength of our business model. Free cash flow for the same period was $7.1 billion and 41% of revenue. This reflects the quality of our product portfolio, as well as the efficiency of our manufacturing strategy, including the benefit of 300-millimeter production. We returned $4.2 billion to owners in the past 12 months through dividends and stock repurchases. Over the same period, our dividend represented 53% of free cash flow, underscoring its sustainability. In September, we announced we would increase our dividend by 13%."
|
BYD | Hot Stocks16:11 EDT Boyd Gaming authorizes $300M share repurchase program
|
MSFT | Hot Stocks16:10 EDT Microsoft to provide forward-looking guidance on earnings conference call
|
CB | Hot Stocks16:10 EDT Chubb CEO says 'very strong third quarter' - Evan Greenberg, Chairman and CEO of Chubb Limited, commented: "Chubb had a very strong third quarter, highlighted by outstanding premium revenue growth globally and simply excellent underwriting results. P&C net premiums written grew 17%, our strongest organic growth since 2004, driven by commercial lines growth of 22% globally. Despite $1.1 billion of catastrophe losses in the quarter, we reported P&C underwriting income of $617 million, up 58%, and a 93.4% combined ratio, which illustrates the strengths that come from our underwriting capabilities and the broad diversification of our company's businesses. Core operating income in the quarter of $2.64 per share was up 32% from prior year with per share net income of $4.18 up 59%. Year to date, we have produced record earnings, both net and core operating. Our current accident year combined ratio of 84.8% is a quarterly record that featured two percentage points of margin improvement adjusting for a one-time COVID-related frequency benefit in last year's quarterly result. Through nine months, we have produced $2.4 billion in underwriting income and a combined ratio of 90.4% despite an elevated level of CAT losses year to date. The growing impact of climate change globally is evident in industry results, and we are reacting thoughtfully but swiftly to ensure we maintain an adequate risk-adjusted return on the business we write. We continue to capitalize on robust commercial P&C pricing conditions in most regions of the world. Our premium revenue growth in the quarter was broad based with contributions from virtually all of our commercial P&C businesses and year-on-year improvement in rate-to-exposure that is well in excess of loss costs. Commercial lines grew 22.5% in North America and over 20.5%, or 16% in constant dollars, in our international operations. In addition, our international consumer lines businesses are recovering steadily from the impact of the pandemic's ongoing effects on consumer activity with premiums up almost 10% in the quarter, or 5% in constant dollars. In sum, our company is in great shape. We are growing our business, expanding our margins and, as our recent Asia-Pacific transaction announcement demonstrates, investing in our capabilities to position us for continued growth in the future."
|
MSFT | Hot Stocks16:10 EDT Microsoft returned $10.9B to shareholders in Q1 - Microsoft said it returned $10.9 billion to shareholders in the form of share repurchases and dividends in the first quarter of fiscal year 2022, an increase of 14% compared to the first quarter of fiscal year 2021. "We delivered a strong start to the fiscal year with our Microsoft Cloud generating $20.7 billion in revenue for the quarter, up 36% year over year," said Amy Hood, executive vice president and chief financial officer of Microsoft.
|
ANGN | Hot Stocks16:09 EDT Angion Biomedica, Vifor announce ANG-3777 trial misses primary endpoint - Angion Biomedica and Vifor Pharma announced the Phase 3 trial of Angion's ANG-3777 did not demonstrate a statistically significant difference from placebo on the primary endpoint in the population of deceased donor kidney transplant patients who were at risk for developing delayed graft function, or DGF. ANG-3777 showed a modest but not statistically significant difference in eGFR of 53.3mL/min/1.73m2 versus 50.4mL/min/1.73m2 for placebo. In addition, ANG-3777 demonstrated an inconsistent benefit on key secondary endpoints. Based upon these data, it is not expected there is sufficient evidence to support an indication in the studied DGF population. The statistical analysis plan also included an analysis of only those people who completed the trial, without using a multiple imputation method to account for missing data and intercurrent events. Under this analysis, ANG-3777 showed a difference on 12-month eGFR of 57.1mL/min/1.73m2 versus 52.2mL/min/1.73m2 for placebo. These data are potentially indicative of biologic activity of ANG-3777. The overall safety profile of ANG-3777 in this trial was consistent with the overall experience in its clinical development program and consistent with the published literature in this patient population. Angion expects to report cash and cash equivalents as of September 30 totaling approximately $100M, when it reports quarterly earnings in November.
|
GOOGL GOOG | Hot Stocks16:08 EDT Alphabet CFO says investments for long-term growth reflected in performance - Ruth Porat, CFO of Alphabet and Google, said: "Our consistent investments to support long-term growth are reflected in strong financial performance, with revenues of $65.1 billion in the quarter. We continued to deliver across our business by providing helpful and valuable experiences for both consumers and our partners."
|
ALG | Hot Stocks16:08 EDT Alamo Group acquires U.K.-based Timberwolf Limited - Alamo Group announced that it has acquired 100% of the outstanding capital shares of Timberwolf Limited in the U.K. Timberwolf's 2021 fiscal year sales were approximately $21M. Timberwolf manufactures a broad range of commercial wood chippers primarily serving markets in the U.K. and the European Union. The company was founded in 1986 and has delivered nearly 16,000 chippers in the U.K. and Europe through its comprehensive dealer network. The company has approximately 80 employees and operates from a 3,300 square meter facility in Suffolk, United Kingdom.
|
CHRW | Hot Stocks16:08 EDT C.H. Robinson CEO says capacity to remain tight - CEO Bob Biesterfeld says: "Our strong financial results demonstrate that our integrated services model is working. Given the current structural constraints around expansion of supply, coupled with continued strong demand as we head into the holiday season, we expect capacity to remain tight and to perform well in that environment. We'll continue to leverage the strength of our diversified non-asset-based business model that delivers strong returns on invested capital. We'll stay the course with our strategy of pursuing market share gains that align with our profitability expectations, and we'll continue to invest back into the business, in order to drive innovation, improve service to our customers and carriers, and drive growth across our global suite of modes and services."
|
TWTR | Hot Stocks16:08 EDT Twitter reports Q3 advertising revenue $1.14B, up 41% y/y - Average monetizable daily active usage was 211 million for Q3, compared to 187 million in the same period of the previous year and 206 million in the previous quarter. Average US mDAU was 37 million for Q3, compared to 36 million in the same period of the previous year and 37 million in the previous quarter. Average international mDAU was 174 million for Q3, compared to 152 million in the same period of the previous year and 169 million in the previous quarter.
|
GOOGL GOOG | Hot Stocks16:08 EDT Alphabet reports Q3 Traffic Acquisition Costs $11.5B vs. $8.17B a year ago
|
COF | Hot Stocks16:07 EDT Capital One reports Q3 net interest margin 6.35%, up 46 bps sequentially
|
GOOGL GOOG | Hot Stocks16:07 EDT Alphabet reports Q3 Google Cloud revenue $4.99B vs. $3.44B a year ago
|
GOOGL GOOG | Hot Stocks16:07 EDT Alphabet reports Q3 Google advertising revenue $53.13B vs. $37.1B a year ago - Reports Q3 YouTube ads revenue $7.2B vs. $5.0B in same quarter of prior year. Reports Q3 Google Search and other revenue $37.93B vs. $26.34B a year ago.
|
MSFT | Hot Stocks16:04 EDT Microsoft reports Q1 Product revenue $16.63B, Intelligent Cloud revenue $16.96B
|
AAPL | Hot Stocks16:03 EDT Apple News expands local news offerings - Apple announced that Apple News will now offer its local news experience in three additional cities in the U.S., namely Charlotte, Miami, and Washington, D.C. "Each experience is curated by Apple News editors and features coverage of topics that are important to local communities, from restaurant openings and real estate trends to big policy decisions. Local news offerings in Apple News provide readers with access to top publications, including Axios Charlotte, the Charlotte Observer, Eater Miami, the Miami Herald, DCist, Washingtonian, the Washington Post, and more," according to the company. Apple News first introduced curated local news experiences for the Bay Area, Houston, Los Angeles, New York, and San Francisco in 2020, and earlier this year, added offerings for Sacramento, San Antonio, and San Diego. Apple News plans to expand its local news feature to additional cities and regions over time. Reference Link
|
CRTX | Hot Stocks16:02 EDT Cortexyme says co-primary endpoints not met in Phase 2/3 GAIN trial - Cortexyme reported top-line results from its Phase 2/3 GAIN Trial, a double-blind, placebo-controlled study evaluating the efficacy of atuzaginstat, an investigational orally administered small-molecule that targets gingipain proteases from the bacterium Porphyromonas gingivalis. The 643-participant study in mild to moderate patients with Alzheimer's disease did not meet statistical significance in its co-primary cognitive and functional endpoints as measured by ADAS-Cog11 and ADCS-ADL at end of the treatment period in the overall cohort. The pre-specified subgroup of participants with P. gingivalis DNA detectable in saliva at baseline showed a dose response, with a 57% slowing of cognitive decline as measured by ADAS-Cog11 in the 80 mg BID arm and a 42% slowing in the 40 mg BID arm vs. placebo. Significant benefits in this subgroup were not seen on the other co-primary, ADCS-ADL. The cognitive benefit of atuzaginstat in patients with high P. gingivalis infection was reinforced by similar results in multiple pre-specified infection related subgroups and with multiple methods of analysis. Additionally, reductions in P. gingivalis in saliva at week 24 were significantly correlated with improved outcomes at the end of the treatment period as measured by ADAS-Cog11, Clinical Dementia Rating-Sum of Boxes, Mini-Mental State Exam, and a beneficial trend on ADCS-ADL. The sub-study in periodontal disease demonstrated a trend to benefit on the primary clinical endpoint of pocket depth in the same pre-specified sub-group with P. gingivalis DNA detectable in saliva. Further results will inform the next stage of development in periodontitis and will be presented at a future scientific conference.
|
CRTX | Hot Stocks16:00 EDT Cortexyme trading halted, news pending
|
MP | Hot Stocks15:41 EDT MP Materials says Grizzly's 'report' gets 'facts & analysis wrong' - MP Materials stated in a series of tweets on its official Twitter account in response to a short report published this morning: " "We welcome @ResearchGrizzly to the long list of entities who have doubted $MP's ability to execute and consistently been proven wrong. Grizzly's 'report' gets the facts & analysis wrong and displays a fundamental misunderstanding of our business, industry & performance. [...] Just one example: Grizzly claims MP 'mostly mines less valuable rare earth (sp), namely Cerium and Lanthanum."' They fail to understand that all scaled rare earth deposits produce more abundant quantities of lower value rare earths, *hence why* they are lower value. {} But the high value elements, namely Nd and Pr, drive the value of our basket. [...] We take great pride in communicating clearly & transparently with stakeholders through our public filings & communications. It's disappointing to see entities misrepresent and sensationalize aspects of our business. Ultimately, it's a distraction. But we are not dissuaded. [...] We report Q3 2021 earnings after the U.S. markets close on Thursday, November 4th, 2021, and look forward to updating all of our shareholders on the state of our business and industry." Reference Link
|
ATVI | Hot Stocks15:00 EDT Blizzard pauses planning on next year's BlizzConline event - Blizzard Entertainment, a subsidiary of Activision Blizzard, said it has decided to "take a step back" and pause on planning the BlizzConline event scheduled for early next year. "This was a tough decision for all of us to make, but it's the right one," the company said. "Any BlizzCon event takes every single one of us to make happen, an entire-company effort, fueled by our desire to share what we create with the community we care about so much. At this time, we feel the energy it would take to put on a show like this is best directed towards supporting our teams and progressing development of our games and experiences. Additionally, we would also like to take the time to reimagine what a BlizzCon event of the future could look like. The first BlizzCon was held 16 years ago, and so much has changed in the time since-most notably, the multiple ways in which players and communities can come together and feel like they are a part of something bigger. Whatever the event looks like in the future, we also need to ensure that it feels as safe, welcoming, and inclusive as possible. We're committed to continual communication with our players, and we see BlizzCon playing a big role in that going forward. We're excited about what we'll do with the event when we revisit it in the future." Reference Link
|
T | Hot Stocks14:51 EDT Legendary confirms 'Dune Part Two' in the works - Legendary Pictures confirmed that "Dune Part Two," a sequel to the Denis Villenueve-directed "Dune" which came out last week, is currently in the works. The latest adaptation of the Frank Herbert novel was distributed by Warner Bros. Pictures, a subsidiary of AT&T. Reference Link
|
MRNA | Hot Stocks14:39 EDT Moderna reports first dosing in Phase 3 study of mRNA CMV vaccine - Moderna announced the first participant has been dosed in the Phase 3 pivotal registration study of mRNA-1647, the company's cytomegalovirus, or CMV, vaccine candidate. The Phase 3 study, known as CMVictory, will evaluate the safety and efficacy of mRNA-1647 against primary CMV infection in women ages 16-40 years. The company will seek to enroll approximately 8,000 participants in the study, including 6,900 women of childbearing age, from approximately 150 sites globally, beginning in the U.S.
|
SDRL | Hot Stocks14:36 EDT Seadrill announces plan of reorganization confirmred by U.S. Bankruptcy Court - Seadrill Limited announces that its Plan of Reorganization has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas. "Earlier this month, the Plan received overwhelming support from the Company's stakeholders. Following the Court's approval of the Plan, Seadrill is targeting an exit of Chapter 11 proceedings in approximately 60 days. This is subject to certain customary conditions, including certain antitrust approvals. The Plan raises $350M in new financing and reduces the Company's existing liabilities by $4.9B, while leaving employee, customer, and trade claims unaffected. Existing shareholders will see their holding in the post emergence entity decrease to 0.25%. Commentingy, Stuart Jackson, Seadrill Chief Executive Officer, said: "Confirmation of the Plan by the Court is a watershed moment for Seadrill and one we should celebrate as we move into the final stages to emerge from Chapter 11. Achieving this milestone would not be possible without the collective efforts of our employees, customers, partners, suppliers, creditors and shareholders. The continued support from this broad Seadrill community is one of our greatest assets and will be critical to the success of our next chapter as we reinforce our position as a market leader. "With emergence around the end of the year, we stand alongside our offshore drilling peers focused on safe and efficient delivery to our customers in an industry that continues to need to evolve. Seadrill's strong brand will ensure we maintain a leadership position in future developments."
|
POSH | Hot Stocks14:06 EDT Poshmark opens social marketplace to brands with 'Brand Closet' program - Poshmark announced its "Brand Closet" program, which it calls an expansion of its social commerce capabilities to support brands and retailers. "For the first time in the company's history, large-scale brands can connect directly with Poshmark's millions of shoppers and deliver the social-shopping experience that today's consumers crave. The Brand Closet Program allows brands to directly connect, converse with and sell to Poshmark's community of over 80 million users with a suite of social merchandising tools specially designed to engage with their fans on Poshmark," the company stated. Tracy Sun, Poshmark co-founder and SVP of Seller Experience, added, "Our social marketplace now supports sellers of all sizes, from new sellers to professional resellers to large-scale brands, and we want to empower each and every one of them to be successful on Poshmark while fueling a more circular shopping engine. We're just getting started, and I'm excited to build this program and ensure that all sellers can thrive on our platform."
|
WMT | Hot Stocks13:16 EDT Walmart says expanding in-store bill payment services with InComm Payments - Walmart and InComm Payments announced "a more convenient and efficient way for millions of customers to pay their bills or fund prepaid accounts nationwide" at more than 4,700 Walmart locations in the U.S. through VanillaDirect. Walmart said: "Bringing this service to Walmart stores creates additional convenience for Walmart shoppers by allowing them to quickly and easily pay bills or fund accounts in the InComm Payments VanillaDirect network which includes more than 15,000 billers and account providers across a variety of sectors, such as utility, telecommunication, tolling, banking, rental companies and insurance providers. The offering adds to the retailer's already extensive financial services and shows Walmart's continued commitment to serving un- and under-banked customers." Reference Link
|
JNJ | Hot Stocks12:32 EDT J&J says removed from pending Texas litigation with settlement - Johnson & Johnson announced a settlement agreement with Texas and its participating subdivisions resolving their opioid-related claims against the company. With this agreement, J&J is removed from the pending Texas state and subdivision litigation, including two trials scheduled for early 2022. The $297M settlement with Texas is consistent with the terms of the previously announced nationwide opioid settlement agreement, the company said in a statement. The dollar amount to be received by the state is the pro-rated share it would have received under the agreement, which will be deducted from the all-in settlement amount, J&J noted.
|
TREX | Hot Stocks12:16 EDT Trex Company announces plans for third U.S. production site - Trex Company has announced plans to develop a new multi-faceted production site in Little Rock, Ark. The company, which continues to experience broad-based demand driven by increasing consumer interest in outdoor living, believes that building a third U.S.-based manufacturing facility should enable the company to provide customers significantly better access to Trex Residential products where and when they need them, and position the company for future growth. Trex believes the new production complex, to be located within the Port of Little Rock, should increase the company's ability to meet the anticipated strong demand for its industry-leading decking and railing products. Based on the company's search parameters, Little Rock emerged as the best fit for Trex's immediate and future needs with a location closer to essential raw materials, a strong pool of qualified and skilled labor, proximity to key growth regions for wood conversion, and adjacency to major transportation hubs that will offer optimized freight costs for customers in the middle of the country who are presently served by existing facilities in Virginia and Nevada. Adding capacity also positions the company to better serve its distribution and retail partners domestically and abroad. Trex expects to invest an estimated $400M over the next five years in the development of the new Arkansas site, funded primarily through ongoing cash generation. The Trex campus will sit on nearly 300 acres of land and will eventually include buildings dedicated to decking and railing production, plastic film recycling and processing, reclaimed wood storage, warehousing and administrative offices. Construction is slated to begin in early 2022. The development approach will be modular and calibrated to demand trends with the first production output anticipated in 2024. The campus will substantially expand output and will have the potential to be the company's largest manufacturing facility.
|
AAN | Hot Stocks12:01 EDT Aaron's falls -12.5% - Aaron's is down -12.5%, or -$3.88 to $27.16.
|
TPB | Hot Stocks12:01 EDT Turning Point Brands falls -17.7% - Turning Point Brands is down -17.7%, or -$8.60 to $40.01.
|
BKKT | Hot Stocks12:01 EDT Bakkt falls -20.2% - Bakkt is down -20.2%, or -$6.17 to $24.43.
|
STEM | Hot Stocks12:00 EDT Stem rises 11.2% - Stem is up 11.2%, or $2.59 to $25.74.
|
VLN | Hot Stocks12:00 EDT Valens Semiconductor rises 11.8% - Valens Semiconductor is up 11.8%, or 94c to $8.90.
|
SHPW | Hot Stocks12:00 EDT Shapeways rises 13.3% - Shapeways is up 13.3%, or 95c to $8.09.
|
JNJ | Hot Stocks11:58 EDT Texas announces $290M opioid settlement agreement with J&J - Texas Attorney General Ken Paxton announced a $290M statewide opioid settlement agreement with Johnson & Johnson to resolve the state's opioid-related claims. The agreement will largely track the terms of the "Global Prescription Opioid Litigation Settlement Agreement" that was announced July 23, Paxton said in a statement. Reference Link
|
FOX... | Hot Stocks11:25 EDT Fox says Fox Nation to launch on YouTube TV as add-on option - Fox News Media's (FOXA) streaming service, "Fox Nation," is launching on Google's (GOOGL) YouTube TV as an optional add on starting today, announced Jason Klarman, president of the service. Beginning today, YouTube TV subscribers will have the option to add Fox Nation to their YouTube TV subscription for $5.99 a month, the company noted. In making the announcement, Klarman said, "We're thrilled to partner with YouTube TV to bring FOX Nation to their cutting edge TV service and provide our passionate audience with more ways to enjoy the original content they desire."
|
LMT | Hot Stocks11:17 EDT Lockheed Martin sees return to more normal activity levels in Q4
|
MP | Hot Stocks11:09 EDT MP Materials down 5% after Grizzly calls for 60% downside in short report - Shares of rare earth miner MP Materials, which came public in November 2020 through a SPAC merger backed by Chamath Palihapitiya, are sliding after the stock was the focus of a new short report by Grizzly Research. MP has claimed to be the biggest rare earth producer in the western world, but the firm believes "that this is nothing more than a smoke and mirrors show," Grizzly stated. The firm alleges that Shenghe, "a related party that accounts for 99% of MP's revenue, and a significant shareholder, can be traced back to the Chinese central government." MP is "the second iteration of the same mining venture (Molycorp) that previously ended in bankruptcy," said Grizzly, which sees about "60% downside in the short to medium term once investors and regulators wake up to the company's shenanigans." In morning trading following the publication of the short report, MP shares are down $1.82, or 5%, to $36.28. Reference Link
|
LMT | Hot Stocks11:06 EDT Lockheed Martin continue pursuing actionable inorganic growth opportunities
|
LMT | Hot Stocks11:05 EDT Lockheed Martin sees multiple programs entering production from 2023-2026
|
LMT | Hot Stocks11:05 EDT Lockheed Martin sees steadily increasing sales growth through 2026
|
LMT | Hot Stocks11:04 EDT Lockheed Martin sees sales increasing 'slightly' in 2023
|
LMT | Hot Stocks11:04 EDT Lockheed Martin sees 2022 sales declining 'slightly' from 2021 level - Comments taken from Q3 earnings conference call.
|
OCGN | Hot Stocks10:53 EDT Ocugen trading resumes
|
OCGN | Hot Stocks10:48 EDT Ocugen trading halted, volatility trading pause
|
FNB HBMD | Hot Stocks10:39 EDT F.N.B. reports final regulatory approval for Howard Bancorp merger - F.N.B. Corporation (FNB) announced it has received all regulatory clearances for its proposed merger with Howard Bancorp (HBMD). "The merger between FNB and Howard will further strengthen FNB's presence in its Mid-Atlantic Region, with the combined organization projected to assume the sixth largest deposit share position in Baltimore, MD. FNB continues to expect the merger to be 4 percent accretive to earnings per share with fully phased-in cost savings on a GAAP basis and expects the merger to enhance FNB's profitability metrics. Additionally, FNB anticipates the tangible book value per common share impact to be minimal and expects the CET1 ratio to remain unchanged on a pro forma basis at closing," the company said. The completion of the merger remains subject to the satisfaction of certain routine and customary closing conditions and approval by Howard stockholders, who will vote on the proposed merger at a special meeting scheduled for November 9. The respective Boards of Directors of Howard and FNB have previously approved the agreement and Plan of Merger between FNB and Howard. As announced on July 13, 2021, Howard stockholders will be entitled to receive 1.8 shares of FNB common stock for each share of Howard common stock they own. The exchange ratio is fixed, and the transaction is expected to qualify as a tax-free exchange for Howard's stockholders.
|
CACI | Hot Stocks10:32 EDT CACI awarded prime position on technical services support contract - CACI International announced that it was awarded a prime position on the U.S. Navy's Technical Support Services contract supporting Manpower, Personnel, Training and Education. The contract, awarded by the U.S. Deputy Chief of Naval Operations, is a six-year multiple-award, indefinite delivery, indefinite quantity and has a ceiling value of $575M. Under the contract, CACI will continue to provide enterprise expertise to ensure sailor readiness and help implement a broad transformation of the MyNavy HR information system. CACI will also support MyNavy HR's enterprise technology architecture, portfolio management, data management, business process reengineering, government operations, and operational performance to meet evolving needs.
|
JBLU | Hot Stocks10:25 EDT JetBlue expects CASM-ex to inflect in 2H22
|
JBLU | Hot Stocks10:25 EDT JetBlue expects 2022 to be 'story of two halves'
|
CYN | Hot Stocks10:19 EDT CYNGN Inc trading resumes
|
JBLU | Hot Stocks10:13 EDT JetBlue: July and August performance was 'solid' - Comments taken from Q3 earnings conference call.
|
CYN | Hot Stocks10:09 EDT CYNGN Inc trading halted, volatility trading pause
|
UFS | Hot Stocks10:05 EDT Domtar says rescue operation underway following accident at Windsor Mill - The company said, "At approximately 1:35 a.m. this morning, an accident occurred at the Domtar Windsor Mill site when a scaffold collapsed into equipment. Three workers were injured in the accident. One worker was taken to hospital where his life is not in danger. Two workers are still trapped and efforts are being made for their safe rescue by first responders. At this time, we cannot confirm their health status. Psychological support is being offered to the workers and their colleagues. Police officers from the Surete du Quebec and the mill emergency unit are on site to conduct the intervention and investigation. The CNESST has also been informed. The investigation is ongoing to determine the cause of the collapse. Domtar is closely working with the responders in the investigation. All measures have been taken to ensure the security of the site. More information will be released as further facts become available and verified."
|
RMO BWA | Hot Stocks10:05 EDT Romeo Power says BorgWarner to put JV ownership stake to Romeo - In a regulatory filing, Romeo Power (RMO) disclosed that on October 25, BorgWarner (BWA) delivered a written notice to the company that BorgWarner is electing to exercise a right under the companies' joint venture operating agreement, dated May 6, 2019, to put its ownership stake in the BorgWarner Romeo Power LLC joint venture to Romeo. The operating agreement, together with the intellectual property license agreement, dated May 6, 2019, govern the operations of the joint venture, which is owned 40% by Romeo and 60% by BorgWarner Ithaca LLC. The operating agreement provides BorgWarner a right to cause Romeo to purchase BorgWarner's 60% ownership stake in the joint venture, the filing noted. "Pursuant to the terms of the operating agreement, upon exercise of a party's put right, the company and BorgWarner are required to select a nationally recognized valuation firm to determine the market value of the joint venture as of the date the put is exercised using comparable company, discounted cash flow and other standard valuation methodologies used by investment banks. The price to be paid for BorgWarner's ownership stake will be 95% of the market value of such stake based upon the joint venture valuation, reflecting a 5% discount applicable because BorgWarner is exercising such put within the third year after the date the joint venture was established, as contemplated by the operating agreement. The parties will be obligated to consummate Romeo's purchase of BorgWarner's ownership stake in the joint venture within 30 days of the joint venture valuation being determined," the filing stated.
|
BWA | Hot Stocks10:01 EDT BorgWarner to supply electric motors for new electric truck - BorgWarner is boosting its leadership position in commercial vehicle electrification with a German OEM's selection of its HVH250 electric motors to power a heavy-duty truck model. Trucks are targeted to be equipped with two HVH motors per axle, each with industry-leading peak power of 175 kW and 425 Nm of torque at 350 volts.
|
JBLU | Hot Stocks10:01 EDT JetBlue sees 'significant' unit cost reduction in 2H22 - Expecting strong continued recovery in travel demand throughout 2022 driving relief in rents and landing fees rate headwind of ~3 - 4 pts in 2H21. Says margin-accretive Northeast Alliance expected to add ~2 - 4 pts of CASM ex-Fuel pressure in 2022.
|
TISI | Hot Stocks10:00 EDT Team falls -10.3% - Team is down -10.3%, or -35c to $3.04.
|
TBI | Hot Stocks10:00 EDT TrueBlue falls -11.8% - TrueBlue is down -11.8%, or -$3.87 to $28.82.
|
TPB | Hot Stocks10:00 EDT Turning Point Brands falls -19.8% - Turning Point Brands is down -19.8%, or -$9.62 to $38.99.
|
CLS | Hot Stocks10:00 EDT Celestica rises 10.6% - Celestica is up 10.6%, or $1.00 to $10.45.
|
CR | Hot Stocks10:00 EDT Crane rises 11.0% - Crane is up 11.0%, or $10.31 to $103.80.
|
JBLU | Hot Stocks10:00 EDT JetBlue sees corporate recovery, while delayed, continuing through 2022
|
SHPW | Hot Stocks10:00 EDT Shapeways rises 37.0% - Shapeways is up 37.0%, or $2.64 to $9.78.
|
JBLU | Hot Stocks09:59 EDT JetBlue sees demand improvement throughout Q4
|
JBLU | Hot Stocks09:59 EDT JetBlue: Bookings began recovering in mid-September - JetBlue says the Delta-variant predominantly impacted September with its thinner leisure demand and higher mix of business traffic. Q4 will reflect seasonality and delayed corporate travel recovery, the company said. Thanksgiving and December peak holiday bookings holding up relatively well compared to troughs, it said.
|
IINN SMMNY | Hot Stocks09:59 EDT Inspira Technologies signs exclusive distribution agreement with Waas Group - Inspira Technologies (IINN) announced that it has signed an exclusive distribution agreement with Anita Tecnica S.L. (WAAS Group). WAAS Group provides services to more than 40 international companies and devices, including respiratory systems for Siemens Healthineers AG ADR (SMMNY) and Dragerwerk AG & Co. KGaA, Dragerwerk AG. The agreement has an initial term of 7 years, subject to completion of product development and regulatory approval. The parties will collaborate on the marketing and deployment of the ART device, designed to treat deteriorating respiratory failure patients, while they are awake and breathing. The ART, an early extracorporeal respiratory support system, has the potential to minimize the need for mechanical ventilation across Spain and Portugal. According to the agreement, Anita Tecnica is committed to purchase a minimum of 1040 ART devices and 35,360 disposable units for deployment at hospitals and medical centers within a seven-year period, subject to regulatory approval for the sale and marketing of the ART devices in Spain and Portugal.
|
JBLU | Hot Stocks09:58 EDT JetBlue targeting debt to capital ratio of 30%-40% by end of 2024
|
JBLU | Hot Stocks09:57 EDT JetBlue sees Q4 capacity down 4%-7% vs. 4Q19 - Sees Q4 CASM ex-fuel up 14%-16% vs. 4Q19. Comments taken from Q3 earnings conference call presentation slides.
|
BBLN | Hot Stocks09:56 EDT Babylon Holdings Limited (Class A Stock) trading resumes
|
BBLN | Hot Stocks09:50 EDT Babylon Holdings Limited (Class A Stock) trading halted, volatility trading pause
|
SHPW | Hot Stocks09:49 EDT Shapeways Holdings Inc trading resumes
|
GM | Hot Stocks09:48 EDT General Motors to install up to 40,000 Level 2 EV chargers across U.S., Canada - General Motors announced a new community charging program to install up to 40,000 Level 2 EV chargers across the U.S. and Canada, including in underserved, rural and urban communities where charger access is limited. "This initiative, which begins in 2022, is part of GM's recently announced commitment to invest nearly $750 million to expand home, workplace and public charging infrastructure through its Ultium Charge 360 ecosystem. Through the Dealer Community Charging Program, GM will give each of its dealers Ultium Chargers that can be deployed at key locations in their respective communities. These charging stations will be available to all EV customers, not just those who purchase a GM EV. Today, nearly 90 percent of the U.S. population lives within 10 miles of a GM dealership. GM is also announcing that its new line of three Ultium-branded Level 2 smart charging stations will be available to customers directly through dealerships and online to provide more home or commercial charging options and help make EV charging more widespread," the company stated.
|
INTC... | Hot Stocks09:48 EDT Intel, Juniper, Rakuten Symphony collaborate to develop Symware - Intel (INTC), Juniper Networks (JNPR) and Rakuten Symphony (RKUNY) announced a collaborative effort to develop Symware, a carrier-grade open radio access network solution for mobile network operators, providing them the flexibility to densify their network, accommodate various network topologies and support new features while reducing the required hardware at each site. The solution is developed with Rakuten Symphony's know-how and experience with cloud-native and open RAN-based networks, leading containerized RAN software, Intel's next-generation Intel Xeon D processors and FlexRAN reference software, and Juniper's carrier-hardened cloud-native routing stack. Symware will be offered by Rakuten Symphony to provide operators more opportunity to create innovations within their networks, while broadening and securing their supply chains.Reference Link
|
LMT | Hot Stocks09:47 EDT Lockheed Martin falls -8.6% - Lockheed Martin is down -8.6%, or -$32.19 to $344.14.
|
TPB | Hot Stocks09:47 EDT Turning Point Brands falls -9.5% - Turning Point Brands is down -9.5%, or -$4.61 to $44.00.
|
DAN | Hot Stocks09:47 EDT Dana falls -12.2% - Dana is down -12.2%, or -$3.08 to $22.10.
|
CLS | Hot Stocks09:47 EDT Celestica rises 7.0% - Celestica is up 7.0%, or 66c to $10.11.
|
CZOO | Hot Stocks09:47 EDT Cazoo rises 8.0% - Cazoo is up 8.0%, or 64c to $8.64.
|
SHPW | Hot Stocks09:47 EDT Shapeways rises 16.9% - Shapeways is up 16.9%, or $1.21 to $8.35.
|
MRNA | Hot Stocks09:45 EDT Moderna announces Swissmedic authorizes booster dose of Covid-19 vaccine - Moderna announced Swissmedic has authorized a booster dose of Spikevax, the company's vaccine against COVID-19, at the 50 microgram dose level in particularly vulnerable individuals 12 years of age and older, at least six months after completion of the primary series. Swissmedic also approved a third dose of Spikevax at the 100 microgram dose level for people with a weakened immune system at least 28 days after the second dose. "We thank Swissmedic for their review and decision. This approval is supported by clinical evidence that a 50 microgram booster dose induces a strong immune response against COVID-19. We also appreciate their approval of a third dose of Spikevax for those with weakened immune systems," said Stephane Bancel, CEO of Moderna. "We believe that mRNA vaccines are well positioned to adapt to the evolving epidemiology of SARS-CoV-2. We are grateful for the opportunity to provide individuals in Switzerland with another layer of protection."
|
SHPW | Hot Stocks09:44 EDT Shapeways Holdings Inc trading halted, volatility trading pause
|
RDBX | Hot Stocks09:41 EDT Redbox Entertainment Inc (Class A Stock) trading resumes
|
WBX | Hot Stocks09:39 EDT Wallbox NV trading resumes
|
DKNG... | Hot Stocks09:38 EDT Entain board 'strongly believes' in future prospects after DraftKings statement - Entain (GMVHF) issued the following response to DraftKings' (DKNG) no intention to bid statement: "The Board of Entain plc notes the announcement made earlier today by DraftKings that it does not intend to make an offer for Entain. As a result of the announcement, DraftKings and its concert parties are bound by the restrictions contained in Rule 2.8 of the City Code on Takeovers and Mergers. The Board strongly believes in the future prospects of Entain, underpinned by its leading market positions, world class management team and industry-leading proprietary technology. Entain has an outstanding track record of growth having delivered 23 consecutive quarters of double digit online NGR growth, representing a 3 year CAGR of 19% across 2021.Entain's management remains focused on executing its growth and sustainability strategy and on delivering the opportunities laid out in Entain's capital markets event on 12 August to treble its total addressable market to c.$160B... As a result the Board is confident in Entain's ability to continue to deliver material value for its shareholders going forward."
|
BKKT | Hot Stocks09:37 EDT Bakkt Holdings Inc (Class A Stock) trading resumes
|
REPX | Hot Stocks09:35 EDT Riley Exploration Permian Inc trading resumes
|
WBX | Hot Stocks09:33 EDT Wallbox NV trading halted, volatility trading pause
|
F T | Hot Stocks09:33 EDT Ford, AT&T partner to bring 5G to Ford F-150 Lightning production - Ford Motor Company (F) and AT&T (T) are enhancing the Rouge Electric Vehicle Center on Ford's historic Dearborn Rouge site by outfitting it with highly secure, next-generation 5G cellular connectivity to help build the new all-electric Ford F-150 Lightning pickup. Ford's private 5G network based on AT&T 5G with AT&T's Multi-Access Edge Computing technology will support production of the 2022 Ford F-150 Lightning, the first all-electric version of America's best-selling F-Series truck.
|
BKKT | Hot Stocks09:32 EDT Bakkt Holdings Inc (Class A Stock) trading halted, volatility trading pause
|
RDBX | Hot Stocks09:31 EDT Redbox Entertainment Inc (Class A Stock) trading halted, volatility trading pause
|
REPX | Hot Stocks09:30 EDT Riley Exploration Permian Inc trading halted, volatility trading pause
|
AIHS | Hot Stocks09:30 EDT Senmiao Technology signs cooperation agreement with Chengfeng - Senmiao Technology announced the signing of a new cooperation agreement with Sichuan Chengfeng Intelligent Transportation Co., Ltd., a wholly-owned subsidiary of Neijiang Chengfeng Investment Co., Ltd. Chengfeng Investment is a state-owned company focused on customized passenger transportation, taxis, online ride-hailing, and smart technology sectors. Chengfeng is a provider of construction and maintenance services for real-time GPS monitoring systems for mobile and fixed targets in Neijiang, Sichuan Province. Since 2002, Chengfeng has established cooperation relationships with various well-known companies such as China Telecom and China Mobile. According to the terms of the Agreement, Senmiao will be responsible for providing operational support services for customized passenger transportation, intercity carpooling, city express, SAAS express and technology systems involved in digital transformation, as well as providing the development, introduction and technical support for Chengfeng's taxi brand. Chengfeng will provide certifications and resources for customized passenger transportation, intercity carpooling, online ride-hailing business licenses, and will also manage communications with local government officials.
|
UPS | Hot Stocks09:27 EDT UPS says 'laser focused' on revenue quality - Says no longer treating each package the same. Says feels "really good" about ability to manage through labor cost inflation. Says "all hands on deck" for hiring for peak season. Plans to increase fuel surcharge by 1% in November. Expects airliner "belly cargo" capacity to return in 2023.
|
MMYT | Hot Stocks09:26 EDT MakeMyTrip extends term of share repurchase plan - MakeMyTrip said: On November 6, 2012, our Board of Directors authorized the company to purchase outstanding ordinary shares of the company. On January 22, 2016, our Board of Directors authorized the company to increase the share repurchase plan to an amount aggregating up to $150 million at a price per ordinary share not exceeding $21.50 until November 30, 2021 and on October 26, 2021, our Board of Directors authorized the company to further extend the term of this share repurchase plan until November 30, 2023. There were no repurchases pursuant to the share repurchase plan during the second quarter of fiscal 2022. As of September 30, 2021, we had remaining authority to repurchase up to approximately $136.0 million of our outstanding ordinary shares."
|
CERN | Hot Stocks09:26 EDT Cerner launches new operating unit Cerner Enviza - Cerner Corporation announces the launch of a new operating unit, Cerner Enviza, that offers data-driven solutions and research services to help bring clarity to multi-dimensional data through real-world evidence and insights. The combined expertise of the Cerner and Kantar Health teams is expected to help accelerate discovery, development and deployment of therapies and advance clinical research and the life sciences industry to improve everyday health. Cerner Enviza was established to unlock the power of data and a network of research-ready health systems to help get therapies to patients more quickly and at less expense. In addition, a key focus will be on broadening the availability and participation in trials to help achieve more equitable results. For example, according to one study only 3% of physicians and patients participate in trials and only a fraction of eligible patients receive the new treatments.
|
SSYS ADBE | Hot Stocks09:23 EDT Stratasys and Adobe in pact to allow 3D print full-color and tactile models - Stratasys (SSYS) announced a collaboration with Adobe (ADBE) that gives artists and engineers using Adobe Substance 3D Painter a workflow that allows them to easily turn digital 3D renderings into 3D-printed models using Stratasys PolyJet 3D printing technology - all without the need to employ additional software or outside processes. Items printed on Stratasys PolyJet printers directly from Adobe Substance 3D Painter (Photo: Business Wire) Adobe Substance 3D tools can be used to create renderings for applications such as games, films, fashion, architecture, product design and consumer packaged goods. When combined with 3D printing, Substance software can be used to create product prototypes and package designs that can then be translated to 3D printed objects on Stratasys PolyJet printers. "This collaboration has allowed us to see our designs for the very first time in the physical world - which is every artist's and designer's dream," said Pierre Maheut, Head of Strategic Initiatives and Partnerships, 3D and Immersive - Substance for Adobe. "And to be honest, we have gotten a little bit emotional seeing our designs come to life and in a way that is so realistic."
|
LQDT SBGSY | Hot Stocks09:20 EDT Liquidity Services, Schneider Electric launch partnership to sell surplus asset - Liquidity Services (LQDT) is partnering with Schneider Electric (SBGSY) to sell all surplus production and plant support equipment from their facility in Foxboro, MA. The surplus assets of the Schneider Electric building will be sold on Liquidity Services' online marketplace, AllSurplus starting December 1st, 2021. The auctions will include more than 1,000 assets including late model machine tools, plant support and material handling equipment. Some of the featured assets in this sale: Two 2018 Mazak Quickturn 250 CNC Lathes with Quick load Servo 80 S2 bar feeders; Two 2019 DMG Mori Sprint 32/5 Gildemeister with IDEAL 438 bar feeders; Three 2018 Citizen Cincom A20 CNC Lathe with C-320 bar feeders; 2018 Haas VF 3YT Vertical Mill; 2018 Doosan DNM 5700 Machining Center. "This massive sale is a great opportunity for any potential buyers in search of quality late model machine tools, "said Chris Register, Vice President of Corporate Services for Liquidity Services. "By offering these items in a multi-phased sales approach, we expect that both the seller and buyers will be equally satisfied with the results."
|
RPD | Hot Stocks09:18 EDT Rapid7 to open office in Tampa, Florida - Rapid7 announced plans to expand its U.S. presence with the opening of an office in Tampa, Florida. The company will initially open its doors at Industrious, a shared workspace located at 615 Channelside Drive, Tampa, Florida, with the intention of expanding and taking up a permanent residence in 2022. The Boston-based cybersecurity company has roughly 2,000 employees, nine North American offices and 14 offices across Europe, Asia-Pacific and Australia. With the competition for top talent increasing, Rapid7 is setting its sights on the Tampa area as one of the top emerging tech cities in the U.S., with its high concentration of renowned universities and skilled military cybersecurity experts. Rapid7 is committed to continued innovation and expanding its global footprint. The opening of the Tampa office will initially add more than 100 roles focused on data and software engineering, development, customer support, IT, and human resources, with continued growth expected over the coming years.
|
CRXT | Hot Stocks09:18 EDT Clarus announces two notices of allowance for patent claims on JATENZO - Clarus Therapeutics announced that it has received two notices of allowance from the United States Patent and Trademark Office, USPTO, for claims that cover its oral testosterone replacement product, JATENZO. Patent application No. 16/656,157 entitled "Oral Testosterone Ester Formulations and Methods of Treating Testosterone Deficiency Comprising Same" and patent application No. 15/814,162 entitled "Pharmaceutical Delivery Systems for Hydrophobic Drugs and Compositions Comprising Same" both cover Clarus' approved product JATENZO. The U.S. patents scheduled to issue from these applications will expire in 2030 and 2026, respectively. "These recent patent allowances by the USPTO are another important milestone in protecting the commercial potential of JATENZO and the life cycle management programs we have under development for this lead asset," said Dr. Robert Dudley, Founder, President and Chief Executive Officer of Clarus. "Once issued, these two new patents will be listed in FDA's Orange Book and will bring the total number of patents that protect JATENZO to seven. These new patents will further strengthen the broad and robust intellectual property portfolio for JATENZO."
|
VERB | Hot Stocks09:17 EDT Verb Technology announces availability of verbLIT for viewing - Verb Technology announced that its first technology symposium, verbLIT, held on October 7, 2021, is now available for viewing. verbLIT gives clients, consumers, and investors the chance to experience VERB's core shoppable video technology. The symposium showcases recently released innovations from VERB, the people behind the products, the reasons these products were developed, the experiences of clients using them, and provides a sneak peek at what else is coming.
|
VMAR LIMAF | Hot Stocks09:17 EDT Vision Marine Technologies partners with Linamar subsidiary McLaren - Vision Marine Technologies (VMAR) announces that it has executed a Manufacture and Supply Agreement with Linamar (LIMAF). Under the terms of the agreement, McLaren Engineering, Linamar's technology and product development team for its mobility segment, will manufacture and assemble Vision Marine's E-Motion technology through testing, parts, tooling development, and designing the union assembly for mass production of Vision Marine's disruptive fully electric outboard motor at Linamar's facility in Canada. "This agreement with Linamar, via our affiliation with McLaren Engineering, is a seminal event regarding the fully scaled commercialization of our E-Motion(TM) powertrain technology," said Alexandre Mongeon, co-founder, and CEO of Vision Marine. "We have proven the diverse capabilities of and demand for our game changing technology, which recently set a new category speed record at the famed Lake of the Ozarks Shootout in August and generated significant industry interest at IBEX in September 2021. We believe our partnership with Linamar/McLaren validates our proprietary powertrain technology, and positions Vision Marine to scale production in order to meet the growing demand from major boating OEMs, which will require our ability to deliver thousands of electric outboards. We are in continuous discussions with numerous manufacturers."
|
AMIH | Hot Stocks09:16 EDT American International Holdings' EPIQ MD launches EPIQ LUX program - American International Holdings announced that its subsidiary EPIQ MD has launched its EPIQ LUX discount program, an add-on feature for its EPIQ MD members that aims to integrate highly sought-after amenities into its primary suite of telehealth services. The Epiq LUX add-on feature is available to any of Epiq MD's Premier Service Plans for an additional $9.95 per month and provides discounts for a suite of ancillary healthcare related services.
|
FUV | Hot Stocks09:15 EDT Arcimoto, REEF launch REEFDrive, new zero-emission vehicle-sharing program - Arcimoto and REEF announced the launch of REEFDrive, a zero-emission vehicle-sharing program specializing in the future of urban mobility. Located in Santa Monica at 1323 5th Street, REEFDrive will allow users to rent a zero-emission FUV or Deliverator to run errands, make deliveries, or simply explore the beaches and surrounding city. "We are thrilled to join forces with REEF, which leads the country in transforming parking lots into modern destinations, connecting the community with everything from REEF delivery restaurants and retail shops to micro health clinics-and now, Arcimoto vehicles," said Mark Frohnmayer, CEO and Founder of Arcimoto. "This is a perfect fit, as REEF provides the real estate and infrastructure, and we provide our innovative electric vehicles at an affordable price that makes driving electric as accessible as possible."
|
CTRM | Hot Stocks09:13 EDT Castor Maritime announces delivery of M/V Magin Phoenix, new charter agreements - Castor Maritime announces that on October 26, 2021, it took delivery of M/V Magic Phoenix, the 2008 Japanese-built Panamax dry bulk carrier it had agreed to acquire as previously announced on August 26, 2021. The vessel acquisition was financed in its entirety with cash on hand. M/V Magic Phoenix has been fixed on a time charter contract at a gross daily charter rate equal to 102% of the average of the Baltic Panamax Index 4TC routes. The charter is expected to commence on or around October 28, 2021, and will have a minimum duration of eleven months and a maximum duration of fourteen months at the charterer's option. The Company also announces that the M/V Magic Venus, a 2010 built Kamsarmax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $38,000. The charter commenced on October 16, 2021, and has a duration of about 60 days.
|
SISI | Hot Stocks09:12 EDT Shineco enters into MOU with Dragon Pride - Shineco announced that it entered into a Memorandum of Understanding, MOU, with Dr. Angus Hui, the founder and sole shareholder of Dragon Pride pursuant to which the Company has an exclusive right during a period of 90 days to negotiate the terms of an definitive agreement to acquire either 100% of the equity interest of Dragon Pride or not less than 50% of the equity interest of the Medical Aesthetic Center, subject to a definitive agreement. Jennifer Zhan, CEO of Shineco, commented, "We are pleased to pursue this potential acquisition, which may expand the Company's business scope if it is completed. According to International Society of Aesthetic Plastic Surgery and ChinaIRN, China has become one of the fastest-growing medical aesthetic service markets in the world, with an annual compound growth rate of more than 20%. In 2020, the market size of China's medical aesthetic industry will exceed $39 billion, and it is expected to reach $75.2 billion in 2022."
|
PHIL | Hot Stocks09:12 EDT PHI Group announces ADE token launch - PHI Group and developing the Asia Diamond Exchange in Vietnam, is pleased to announce the launch of the ADE token in South Korea in connection with the Asia Diamond Exchange. The token is designed to optimize transparency and fair pricing to the diamond industry to provide enhanced benefits to all stakeholders. By validating transactions on a blockchain, there are no chances of counterfeiting or substandard pieces. Consumers will be able to design and purchase custom diamond jewelry and loose gemstones at significantly better prices by using the ADE tokens. The ADE tokens will be deflationary by setting aside profits to purchase and burn tokens as well as systematically continuing the buy-back of PHIL stock on an ongoing basis in the future. International investors may purchase and trade the tokens once they are listed on top exchanges such as Coinbase and Binance. The Asia Diamond Exchange is a modern bourse to be established in affiliation with the World Federation of Diamond Bourses. It will be the first-ever vital rough diamond exchange in Asia, comparable to the diamond exchanges in Antwerp and Dubai. Located in a Free-Trade Zone in Vietnam near an international airport in the new Global Multi-Commodities Center similar to the Dubai Multi-Commodities Centre, the ADE is a modern bourse to be established in affiliation with the World Federation of Diamond Bourses and fully compliant with the Kimberley attestation process. ADE membership will serve as a mark of distinction, opening doors and allowing access to those active in the diamond trade. The ADE ensures that its members will have the safety of only trading with reputable companies adhering to its compliance guidelines that are bound by a strict code of good business practices and ethics. The ADE will have exceptional facilities, providing fully equipped trading halls for its members and a complete service environment for everyone in the diamond pipeline. In addition to providing a full range of services to support members in their daily transactions, the ADE will also provide a complete line of ancillary services related to the diamond industry. Members and their guests will have convenient access to networking and a Trade Lounge, boiling and polishing, secure transportation, Kimberley Process Office, insurance and financing partners, gemological services, education and more. The ADE's tender and auction services will play an important role in the Vietnam diamond trade, matching the right goods from seller to buyer. The ADE will have the optimal infrastructure to host diamond tenders, using state of the art facilities, equipment and personnel to ensure secure, transparent tenders for the benefit of the seller and buyer.
|
MKSI ATC | Hot Stocks09:12 EDT MKS Instruments announces planned executive appointments - MKS Instruments (MKSI) announced it is planning to implement changes to its executive organization structure as part of the previously announced acquisition of Atotech (ATC). As MKS plans for the anticipated closing of the Atotech acquisition in the fourth quarter of 2021 and subsequent integration, the MKS Board of Directors named Jim Schreiner to be SVP and Chief Operating Officer of the Atotech division, subject to and effective upon the closing of the Atotech acquisition. In this role, Jim will lead the Atotech division of MKS, reporting to MKS President and CEO John T.C. Lee. Until that time, Jim will remain in his current role as MKS' SVP and COO. Geoffrey Wild will remain the CEO of Atotech until the closing. In addition, the MKS Board of Directors named Dave Henry to be Senior Vice President, Operations and Corporate Marketing, also subject to and effective upon the closing of the Atotech acquisition. In this expanded role, Dave will lead global operations for the legacy MKS businesses including manufacturing, supply chain, quality, reliability and EHS functions, in addition to the Corporate Marketing, Global Service and PMO functions. Until the Atotech closing, Dave will remain in his current role as MKS' SVP, Corporate Marketing, Project Management Office, and Global Service. Finally, subject to and effective immediately after the Atotech closing, Geoff Wild, the current Atotech CEO, will become a member of the MKS Board of Directors.
|
HPQ | Hot Stocks09:10 EDT HP Inc. launches HP ENVY Inspire with HP+ - HP Inc. unveils HP ENVY Inspire with HP+. Beyond working and learning, ENVY Inspire can also help families preserve and celebrate the moments that matter most through new, first-of-its kind HP photo printing capabilities like custom two-sided printing, automatically adding date and location, and true-to-phone quality in modern sizes, like panorama and social-friendly square. Users can also choose from a wide range of templates available in the HP Smart App to make greeting cards, keepsakes, and more. Perfect for the 72% of families who plan to spend more on travel in 2022 than they have in the past five years to make up for lost time.
|
HIPO | Hot Stocks09:09 EDT Hippo announces Grace Hanson as chief claims officer - Hippo announced that Grace Hanson will join the company as Hippo's first chief claims officer, effective January 2022. Hanson will oversee the growth of Hippo's claims organization as the company expands to reach more than 90% of U.S. homeowners this year. Previously, she was the chief claims officer for Hiscox.
|
UPH | Hot Stocks09:09 EDT UpHealth and Mazars are partnering to develop an integrated compliance roadmap - UpHealth and Mazars are partnering to collaboratively develop an integrated compliance roadmap for UpHealth. Mazars is a global leader in healthcare, providing the healthcare sector with advice, guidance and solutions to drive informed decisions and successful outcomes.
|
BRQS | Hot Stocks09:09 EDT Borqs subsidary Holu Hou Energy completes installation of tech system in Hawaii - Borqs Technologies announced that its US subsidiary, Holu Hou Energy, brought hi-tech to the Koa'e Makani Workforce Housing Project in Koloa on the Hawaiian island of Kaua'i. HHE has completed the installation of 134 units of its solar plus storage technology system at the Koa'e Workforce Housing Complex in Koloa, Kaua'i in the state of Hawaii. Tenants of the complex have begun receiving electricity under a 20-year Power Purchase Agreement. The property at Koa'e was developed by Mark Development in Hawaii.
|
WWE | Hot Stocks09:08 EDT Panini Group, WWE announce a multi-year trading card and collectible pact - The Panini Group and WWE announced a multi-year agreement that will make Panini WWE's exclusive trading card and collectible sticker partner. The landmark agreement will begin in the first quarter of 2022 and will include multiple trading card products during the first year. Panini's U.S. subsidiary, Panini America will be responsible for developing the WWE trading card products. The first product release - 2022 WWE Prizm - will coincide with the buildup surrounding WrestleMania WWE's biggest annual event, taking place on April 2 and 3 at AT&T Stadium in Dallas. WWE trading card products will be available at mass retailers including Walmart and Target, as well as hobby stores nationwide and online. "We have always been intrigued by WWE as a license partner and their fans' incredible passion," said Panini America CEO Mark Warsop. "Our entire team is looking forward to adding WWE, a truly iconic license, to our roster of exclusive partners. We have big plans for our WWE portfolio and the new heights we can help WWE trading cards and stickers reach in the collectibles arena."
|
WWE | Hot Stocks09:08 EDT Panini Group, WWE announce a multi-year trading card and collectible pact - The Panini Group and WWE announced a multi-year agreement that will make Panini WWE's exclusive trading card and collectible sticker partner. The landmark agreement will begin in the first quarter of 2022 and will include multiple trading card products during the first year. Panini's U.S. subsidiary, Panini America will be responsible for developing the WWE trading card products. The first product release - 2022 WWE Prizm - will coincide with the buildup surrounding WrestleMania WWE's biggest annual event, taking place on April 2 and 3 at AT&T Stadium in Dallas. WWE trading card products will be available at mass retailers including Walmart and Target, as well as hobby stores nationwide and online. "We have always been intrigued by WWE as a license partner and their fans' incredible passion," said Panini America CEO Mark Warsop. "Our entire team is looking forward to adding WWE, a truly iconic license, to our roster of exclusive partners. We have big plans for our WWE portfolio and the new heights we can help WWE trading cards and stickers reach in the collectibles arena."
|
AWRE | Hot Stocks09:07 EDT Aware to sponsor Disruptive Innovation theme for Mobile World Congress - Aware has announced that the company will be a sponsor for the Disruptive Innovation theme during this year's Mobile World Congress Los Angeles conference, taking place from October 26-28 in Los Angeles, California. Aware representatives will be onsite to demonstrate the benefits of incorporating biometric and digital identity technologies by mobile network operators. Additionally, as part of the Disruptive Innovation theme, Aware will spotlight how biometrics will play a key role in the registration of SIM cards to users. As customers around the world continue to get comfortable performing digital interactions, businesses must adapt their strategies to support the customer journey. In one of Mobile World Congress' panel presentations, "Disruptions in Data", Chris Koeneman, vice president of sales and marketing at Aware, will discuss the role biometric technologies will play in mobile customer interactions, and how they can both greatly improve security and convenience for users.
|
PRGS | Hot Stocks09:07 EDT Progress Software releases MOVEit 2021.1 - Progress announced the latest release of Progress MOVEit, the secure, automated Managed File Transfer software that can be deployed as-a-service, on-premises and in the cloud. MOVEit provides improved support for Web Content Accessibility Guidelines 2.1 compliance, making it more accessible to users with disabilities. This release also includes feature updates for improved levels of resilience, scalability and usability. "While the internet and mobile apps are integral parts of everyday life for most people in the US, accessibility remains a challenge for many - a challenge that has only grown during the pandemic, with our increased reliance on digital technologies," said John Ainsworth, SVP, Core Products, Progress. "MOVEit's support for WCAG 2.1 AA accessibility standards underscores our commitment to ensuring digital accessibility for people with disabilities and offering solutions that further enable ease of access and advance digital inclusion." With the release of MOVEit 2021.1, Progress is reinforcing and expanding its investment in MFT by adding significant capabilities such as: New MySQL Database; Simultaneous Task Runs Count Update; Support for Embedded Images in HTML Emails.
|
MYSZ LEVI | Hot Stocks09:07 EDT My Size awarded contract from Dockers Turkey - MySize (MYSZ) announced that it has been awarded a contract from Dockers, Turkey, an American brand of garments and other accessories from Levi Strauss & Co. (LEVI). Levi Strauss & Co. Turkey, Dockers has decided to integrate MySize's proprietary AI-driven sizing technology solution. The successful integration of the MySizeID widget has reduced return rates for a subsidiary of the world's global leader in jeans wear.
|
VRTX | Hot Stocks09:06 EDT Vertex, Mammoth Biosciences in pact to develop in vivo gene-editing therapies - Vertex Pharmaceuticals and Mammoth Biosciences announced a new partnership to develop in vivo gene-editing therapies for two genetic diseases using Mammoth's next-generation CRISPR systems. "We believe our novel ultra-small CRISPR systems have the potential to be game changers when it comes to systemic and targeted delivery of in vivo gene-editing therapies," said Peter Nell, Chief Business Officer and Head of Therapeutic Strategy at Mammoth Biosciences. "The combination of Mammoth's unique technology with Vertex's unmatched experience in serious disease research and development will only accelerate programs with the goal of reaching patients with high unmet medical need." Driven by its unique protein discovery engine, Mammoth's CRISPR platform consists of a proprietary toolbox of novel, ultracompact Cas enzymes, including Cas14 and Cas. The small size of these Mammoth systems, together with further optimized parameters, have the potential to facilitate advanced delivery, which may increase the scope of in vivo gene-editing for genetic diseases.
|
UAL | Hot Stocks09:06 EDT United Airlines increases flights between NYC and D.C. areas by 78% - United Airlines is making travel between New York City and Washington D.C. easier and more convenient, announcing it will launch new nearly hourly shuttle service between New York/Newark Liberty International Airport and Reagan National Airport on Oct. 31, and is adding five new flights between LaGuardia Airport and Washington Dulles Airport. In total, United will operate about 32 flights each day between the NYC and D.C. areas, a 78% increase and the most flights of any other airline.
|
PTRA KMTUY | Hot Stocks09:05 EDT Proterra, Komatsu collaborate to electrify underground mining machines - Proterra (PTRA) and Komatsu (KMTUY) announced a new collaboration to electrify next-generation underground mining machines using Proterra's battery technology. Under the collaboration, Proterra will supply its H Series battery system technology to Komatsu for the development of battery-electric LHDs, drills and bolters for underground hard rock mining. Mining equipment and services provider Komatsu plans to utilize Proterra's high-performance battery systems for the development of prototype machines this year before the expected commencement of commercial production in 2022. The collaboration represents Proterra's entry into the underground mining equipment market. "Proterra is excited to build on our relationship with a proven, industry-leader like Komatsu to electrify mining machines with our EV technology," said Gareth Joyce, President of Proterra. "The benefits of zero-emissions, battery-electric vehicles extend far beyond our roads and cities. Switching to battery-electric technology means helping protect clean air for those working in underground mines while delivering a high-performance technology solution where safety and reliability are paramount."
|
CSCO | Hot Stocks09:04 EDT Cisco announces real-time meeting solution, Webex Hologram - At WebexOne, Cisco unveiled a preview of its next-generation hybrid work collaboration product. Webex Hologram is the industry's only real-time meeting solution that takes advantage of augmented reality headsets to combine feature rich Webex meeting functionality with immersive 3D holograms. With 64% of employees agreeing that the ability to work remotely directly affects whether they stay or leave a job, organizations will increasingly offer flexible work arrangements. Yet this poses a challenge for teams that require hands-on collaboration, such as design or training with a physical object. With Webex Hologram's holographic capabilities, participants can now interact in ways previously possible only in-person.
|
SHIP | Hot Stocks09:04 EDT Seanergy Marine announces sustainability-linked loan facility - Seanergy Maritime Holdings announced that it has received a commitment letter from a leading European bank for a sustainability-linked loan facility to finance part of the acquisition cost of the M/V Worldship. Moreover, Seanergy became a signatory to the Call to Action for Shipping Decarbonization, a global coalition of over 190 industry leaders and organizations representing the entire maritime value chain. Pursuant to the commitment letter, the sustainability-linked loan will be for an amount of $16.85 million and will amortize over a five-year term with a final balloon payment of $6.1 million at maturity. The interest rate will be 3.05% plus LIBOR per annum, which can be further improved based on certain emission reduction thresholds. The approval is subject to definitive documentation, which we expect to be completed within November 2021. The Call to Action was developed by a task force convened by the Getting To Zero Coalition in September 2021 and will be delivered to world Governments in November 2021, in advance of the UN Climate Change Conference in Glasgow. The signatories to this Call to Action firmly believe that an equitable decarbonization of the maritime supply chain by 2050 is both possible and necessary.
|
SEIC | Hot Stocks09:04 EDT SEI Investments acquires Finomial - SEI announced the acquisition of Finomial, an investor lifecycle management firm offering cloud-native financial technology. The technology is expected to be added to SEI's existing investor-focused platforms to further enhance automation and digitization capabilities, as well as reporting and transparency. Finomial's cloud-based technology is expected to complement SEI's existing platforms, including SEI Trade, the SEI Manager Dashboard, SEI Investor Platform and the Global Regulatory and Compliance Platform.
|
FANH | Hot Stocks09:03 EDT Fanhua launches customized critical illness insurance with Greatwall - Fanhua announced that it has partnered with Greatwall Life Insurance to launch "Huacheng Guardian Number One", a critical illness product custom-designed to meet people's evolving needs for comprehensive health protection. The product will be sold exclusively through Fanhua's online and offline channels starting from November 1, 2021. Huacheng Guardian Number One covers 168 kinds of minor, moderate and critical illnesses, terminal illnesses and provides death benefits. In addition, Huacheng Guardian Number One provides customers with "all-round" services throughout early, middle and late stages of diseases, including, among others, multidisciplinary consultation services for tumor treatment, green channels for hospital visits, doctor's consultation on phone, advance payment for hospitalization and in-hospital nursing. Chunlin Wang, chairman and chief executive officer of Fanhua, stated, "Huacheng Guardian Number One is the result of the joint efforts of Fanhua and Greatwall Life to develop tailor-made products in response to customers' needs. It is also aligned with our commitment to building Fanhua's own product ecosystem through product customization and making it part of our core competitive advantages. I believe this product will be well received by the market and contribute to business growth for both Fanhua and Greatwall Life."
|
USIO | Hot Stocks09:03 EDT Usio signs new ISV agreement with BoosterHub - Usio announced a partnership with BoosterHub, LLC, that will bring Usio's PayFac-in-a-Box payment solution to thousands of school booster clubs across the country. Usio's payment solution will be fully integrated into BoosterHub's cloud-based software that streamlines the management of booster clubs through easy club communication, e-commerce and point-of-sale solutions, volunteer management and other easy to use technology tools.
|
SIRI | Hot Stocks09:02 EDT Sirius XM announces agreement with Audiochuck - SiriusXM announced an agreement with media and podcast company Audiochuck and its founder Ashley Flowers that gives SiriusXM exclusivity to ad sales for Crime Junkie along with all shows in the Audiochuck network, which includes top rated Anatomy of a Murder, CounterClock, and Park Predators. Audiochuck, the independent media and podcast production studio, has become the dominant network behind some of the most popular podcasts. SXM Media has exclusive global ad sales rights for Audiochuck podcasts. Access for brands and marketers is only available through the advertising and sales arm of SiriusXM, Stitcher and Pandora. The deal was brokered by UTA, which represents Ashley Flowers and Audiochuck.
|
ITPOF | Hot Stocks09:01 EDT Intertape Polymer signs 'The Climate Pledge' - Intertape Polymer Group announced its signing of "The Climate Pledge". Aligning the Company to the goals outlined in The Climate Pledge fits well with IPG's commitment to sustainability and its ongoing efforts to continually improve its processes, the communities in which it operates and ultimately, the planet we all call home. The Climate Pledge is a commitment co-founded by Amazon and Global Optimism to be net-zero carbon by 2040. "Signing on to The Climate Pledge is an important step in our sustainability journey at IPG, as we join more than 200 companies with a similar vision of net zero carbon by 2040," said Greg Yull, President and CEO of IPG. "The climate crisis is real and it is only through strong commitments and actions towards decarbonization from business, policymakers and society that will we be able to right the ship. By signing the pledge, IPG is demonstrating its commitment to play its part."
|
DKNG GMVHF | Hot Stocks08:59 EDT DraftKings up over 7% after announcing it will not make offer for Entain - Shares of DraftKings (DKNG) are up 7.6% at $50.40 in pre-market trading after the company announced that following further analysis and discussions with the Entain (GMVHF) board of directors, it will not make a firm offer for Entain.
|
ALGM | Hot Stocks08:56 EDT Allegro MicroSystems intrdouces 3-phase gate driver for EV, hybrid cars - Allegro MicroSystems is expanding its QuietMotion product line with the introduction of the new A89307 automotive-qualified gate driver integrated circuit. Designed for battery cooling fans and HVAC systems in electric and hybrid vehicles, the A89307 offers ultra-low noise and vibration by using a Field Oriented Control, FOC, algorithm to drive continuous sinusoidal current to the load, helping automakers reduce noise and improve battery life, offering more miles per charge and lowering vehicle carbon footprints. "By design, EV and hybrid vehicles are quieter than traditional models with internal combustion engines-especially when they're stopped-and drivers are becoming increasingly sensitive to noise created by components such as cooling fans," said Steve Lutz, Product Line Director for Motor Drivers at Allegro. "The A89307's hardware-based algorithm makes it easier for designers to reduce fan noise while improving cooling performance and increasing miles per charge. That's good for drivers, and good for the environment."
|
IBIO | Hot Stocks08:54 EDT iBio tells shareholders to vote 'FOR' all proposals head of annual meeting - iBio has urged stockholders to vote "FOR" all proposals put forth in the proxy statement prior to the Company's December 9, 2021 Annual Meeting of Stockholders. Stockholders are advised that, because two of the voting proposals involve a proposed amendment to the Company's Articles of Incorporation, the holders of a majority of outstanding common shares must approve such proposals. "Ahead of our 2021 Annual Meeting, we are encouraging our shareholders to actively participate in the proxy voting process. Their input is vital for the continued strategic growth and development of the Company," said Tom Isett, Chairman & CEO of iBio. "Of course, our Board of Directors is elected to represent our shareholders, and the Board's voting recommendations reflect its continued confidence in the long-term growth and financial performance of our Company," concluded Isett.
|
DSX | Hot Stocks08:53 EDT Diana Shipping announces approval for listing of OceanPal, revised record date - Diana Shipping announced that it has received approval, subject to official notice of issuance, for the listing of the common shares of OceanPal Inc. on the Nasdaq Capital Market under the ticker symbol "OP". As the Company previously announced on October 19, 2021, the Company will effect a spin-off of 100% of the common shares of its wholly-owned subsidiary, OceanPal Inc., to Diana Shipping Inc.'s existing shareholders as of the record date set forth herein. OceanPal Inc. will act as the holding company for three of the Company's older dry bulk vessels.The Company is also announcing that the previously announced record date of the OceanPal Inc. spin-off and the payment of a cash dividend in the amount of $0.10 per Diana Shipping Inc. common share has been changed to November 3, 2021. The Company expects to complete the distribution of the OceanPal Inc. common shares at a ratio of one OceanPal Inc. share for every 10 shares of Diana Shipping Inc. held on the Record Date on or around November 9, 202. To the extent the distribution would result in any shareholder owning a fractional share of OceanPal Inc. such fractional share will be rounded up to the next whole number of shares. The payment date of the cash dividend will be November 10, 2021. The ex-dividend date for the cash dividend will be November 2, 2021. With respect to the spin-off, shares of Diana Shipping Inc. will trade with due bills from the Record Date through and including the Payment Date. Accordingly, shareholders of Diana Shipping Inc. as of the Record Date must continuously hold such Diana Shipping Inc. common shares through and including the Payment Date in order to receive shares of OceanPal Inc. in the spin-off.
|
UPS | Hot Stocks08:52 EDT UPS expects Q4 operating margins to expand vs. prior year - Says International segment continues to deliver strong profit growth. Says generating "strong cash flow."
|
CNDT | Hot Stocks08:52 EDT Conduent selected by Washington HCA to advance MMIS transformation - Conduent announced a new eight-year contract with the state of Washington Health Care Authority, HCA, to implement a Pharmacy Benefit Management, PBM, module for Washington's Medicaid Management Information System, MMIS. The company's PBM module aligns with the HCA's vision for MMIS transformation and helps the agency quickly shift to next generation Software-as-a-Service technology to support its healthcare purchasing strategies and health policies. The agreement follows a series of new state laws enacted in 2020 by Washington's legislature to curb rising prescription drug costs. In addition to measures that limit consumers' out-of-pockets costs, legislators passed a first-of-its-kind law that will, in part, increase oversight of PBM business practices. "Conduent brings a deep understanding of the unique requirements to manage the fast-changing technology infrastructure that defines modular Medicaid transformation. We are thrilled to partner with the Health Care Authority to deliver well-coordinated, high value pharmacy benefit services that drive cost savings through efficiency and help improve outcomes for millions of their members," said Lydie Quebe, General Manager of Government Healthcare Solutions at Conduent.
|
BLI GSK | Hot Stocks08:52 EDT Berkeley Lights says GSK acquires third Beacon Optofluidic system - Berkeley Lights, Inc. (BLI) announced that GlaxoSmithKline (GSK) has purchased an additional Beacon Optofluidic system to expand its antibody therapeutics capacity. The new Beacon system will leverage Berkeley Lights' Opto Plasma B Discovery workflow to perform functional analysis, further accelerating the lead selection process. The Beacon system purchased by GSK is inclusive of the 13 new platform placements for the quarter ended September 30, 2021, which was pre-announced on October 12, 2021.
|
LORL CMCSA | Hot Stocks08:52 EDT Telesat announces executive leadership appointments - Telesat, a company whose principal share holders include Loral Space & Communications (LORL), announced the appointment of industry leader Glenn Katz as Chief Commercial Officer, CCO. In addition, Tom Eaton, previously Telesat's Vice President of International Sales, is moving to the role of President of Telesat Government Solutions - a US-incorporated, wholly-owned subsidiary of Telesat. In the newly created CCO role, Katz will be responsible for product development, product management and product marketing as well as for leading and expanding Telesat's international sales team. Most recently, Katz served as Senior Vice President and General Manager of Enterprise Solutions for Comcast Business (CMCSA). After seven successful years as Telesat's Vice President of International Sales, Tom Eaton is moving to a new leadership role as President of Telesat Government Solutions. Eaton will be responsible for the group's commercial, operational and strategic activities.
|
VSQTF | Hot Stocks08:50 EDT Victory Square's GameOn secures three additional prediction game products - Victory Square Technologies announced that its portfolio company GameOn Entertainment Technologies expanded partnership with existing customer, MX Player. Having already launched free-to-play prediction games for cricket, the partnership now includes an additional commitment to games for soccer, tennis and kabaddi. All games are scheduled for a 2022 release and will go live within the MX Player app, powered by GameOn's white label game engine.
|
PALT | Hot Stocks08:48 EDT Paltalk upgrades rewards loyalty program for users - Paltalk announces it has successfully upgraded its rewards loyalty program for its users with the launch of Paltalk Rewards Points. Paltalk now offers more opportunities for users to earn rewards such as specialty coins, subscriptions, stickers, flair, and other popular buttons by adding 25 new reward tiers. Paltalk expects that its new internal system will incentivize valuable activity, increase revenue, and generate user engagement. Jason Katz, Chairman and Chief Executive Officer of Paltalk, commented, "Our users are terrific content creators, enriching the social experience for everyone. Our data shows that in-app rewards are an innovative tool that users regularly interact with, benefitting our shareholders, users, and the entire Paltalk ecosystem to drive engagement with loyalty and retention benefits."
|
HPQ | Hot Stocks08:46 EDT HP Inc., WWF announce partnership expansion to conserve, restore forests - HP announced an $80M partnership expansion with World Wildlife Fund, WWF, to further its commitment to forest conservation as part of HP's comprehensive climate action strategy. While HP already maintains zero-deforestation status for its HP paper and paper-based packaging, this collaboration will support HP's growing series of commitments to forest conservation around the world. It will also enable HP to make progress on its goal to counterbalance forest resources attributable to non-HP paper used in its products and print services by 2030. "To truly solve the dual climate and nature crises, we need companies to go even further than their immediate supply chains," said Carter Roberts, president & CEO of WWF. "Solving these problems means taking responsibility for emissions and environmental impacts from the entire life cycle of a company's products. By pledging to address forest resources used for paper outside its supply chain, HP is accelerating ambition for corporate climate and nature commitments. And by helping us pioneer the development of science-based targets for forests, HP is building a road map for others to follow."
|
GE | Hot Stocks08:44 EDT GE sees Industrial free cash flow stepping up in 2022 like-for-like
|
UAVS | Hot Stocks08:44 EDT Ageagle Aerial Systems unveils the MicaSense RedEdge-P Drone Sensor - AgEagle Aerial Systems announced the launch of the RedEdge-P. Offering three times the capture speed and twice the spatial resolution of the RedEdge-MX, the all new RedEdge-P adds the power of a higher resolution, panchromatic band to double the output data resolution. A single camera solution which is compatible with a wide array of drone aircraft ranging from large fixed wing to small multirotor, RedEdge-P captures calibrated high-resolution multispectral and RGB imagery with an optimized field of view and capture rate for efficient flights. "By leveraging and amplifying the first-class engineering talent and development expertise of our team, AgEagle is committed to pioneering innovations in drone hardware, software and sensors that empower enterprises and government agencies to do more, see further, go farther. We are very excited to bring yet another industry leading drone solution to market which we expect will have significant, positive impact on how our customers solve challenges and benefit from measurable improvement in efficiencies in their field operations," added Brandon Torres Declet, Chief Executive Officer of AgEagle.
|
MAG | Hot Stocks08:44 EDT MAG Silver appoints Jim Mallory as CSO - MAG Silver is pleased to announce that W.J. Mallory has joined the Company as Chief Sustainability Officer. Jim has more than 44 years of experience in the mining industry, in both operations and management, with his last 23 years in sustainability and executive roles for Canadian resource corporations. Jim has supported Canadian mining companies with operations in Chile, Peru, Argentina and Bolivia, and most recently several exploration and mining operations in Mexico.
|
UPS | Hot Stocks08:43 EDT UPS says progress on better not bigger strategy 'clearly visible' - Says seeing strong growth in U.S. SMB's. Says making "good progress" on reducing costs. Says expanded Saturday service to 90% of U.S. population. Sees FY21 ROIC about 29%. Sees "robust" peak season. Expects consumer demand to outpace capacity. Says "effectively managing" labor cost pressures. Comments taken from Q3 earnings conference call.
|
ATNF | Hot Stocks08:43 EDT 180 Life Sciences publishes pre-clinical study report on CPG derivatives - 180 Life Sciences announced that its pre-clinical study report on the effects of CBG derivatives on pain, inflammation and obesity was published in the journal Molecules. Working closely with cannabinoid medicinal chemistry expert Prof. Raphael Mechoulam and team at Hebrew University in Jerusalem, and biologists at HU and Oxford University, the study describes the synthesis of three novel CBG derivative compounds and their effects in established preclinical models of pain, inflammation, and obesity. Whilst all three demonstrated robust anti-inflammatory and analgesic properties, one stood out to be of particular interest, HUM-234. HUM-234 was also shown to prevent weight gain in mice fed a high fat diet, and importantly abrogated the development of fatty liver, a condition clinically associated with multiple metabolic disorders, including diabetes and obesity and a precursor to liver fibrosis. The research set forth in the report lends further support to the growing evidence that CBG has therapeutic potential for treatment of inflammation, and as such, we believe that synthetic CBG derivatives have potential as novel drug candidates for treating several metabolic disorders which afflict ever-growing populations in the developed world.
|
ACER RLFTF | Hot Stocks08:42 EDT Acer Therapeutics, Relief announce issuance of patent covering ACER-001 - Acer Therapeutics (ACER) and its collaboration partner, RELIEF Therapeutics (RLFTF), announced that the U.S. Patent and Trademark Office, USPTO, has issued a new U.S. patent to Acer for certain claims related to ACER-001. Patent 11,154,521 covers pharmaceutical composition claims related to ACER-001's taste-masked, multi-particulate dosage formulation for oral administration. The newly issued patent has an expiration date in 2036. "We are extremely pleased that our ACER-001 formulation patent has been issued, adding key protection to our growing intellectual property portfolio for ACER-001 as we continue to advance its development to potentially treat patients with Urea Cycle Disorders, Maple Syrup Urine Disease and other possible indications," said Jeff Davis, Chief Business Officer at Acer. "This patent issuance is an important step in our pursuit of possible ACER-001 commercialization, and we intend to submit it for listing by the U.S. Food and Drug Administration in its Approved Drug Products with Therapeutic Equivalence Evaluations, or Orange Book, should ACER-001 receive marketing approval."
|
ITI | Hot Stocks08:41 EDT Iteris awarded $1.46M in multi-year task orders from FHWA - Iteris announced that it has been awarded multi-year task orders totaling $1.46M from the Federal Highway Administration, or FHWA, to provide the continued development, delivery and update of design for a National Highway Institute, or NHI, training and workforce development program. With the new task order agreements, which are part of an indefinite delivery/indefinite quantity, or IDIQ, contract with a ceiling of $9M, Iteris will develop, update and deliver training, supplemental materials and services to support training to advance the state of practice, and implement best practices in the areas of FHWA operations, intelligent transportation systems, or ITS, engineering, transportation cybersecurity, freight transportation logistics, travel demand and pedestrian facility design. Iteris' workforce development and training consulting services will be delivered through in-class and online or remote workshops and training, and technical assistance.
|
DORM | Hot Stocks08:41 EDT Dorman Products releases third volume of OE FIX Guide - Dorman Products has released the third edition of its OE FIX Guide, a 24-page magazine featuring signature Dorman OE FIX products that are specially designed to reduce installation time, eliminate unnecessary repair costs and increase service life compared to original equipment parts. The company said, "This latest edition is Dorman's most detailed yet, offering more insight than ever before into the auto repair issues that Dorman's experts have diagnosed and solved. Each page of the guide highlights products that you cannot get from local dealerships or original equipment manufacturers, making the aftermarket repair experience a better experience for both professional service technicians as well as vehicle owners."
|
STRL | Hot Stocks08:41 EDT Sterling Construction awarded $152M in specialty services projects in Q3 - Sterling Construction announced that its Specialty Services segment was awarded projects totaling $152M during the third quarter of 2021. These projects included data centers, ecommerce, distribution centers, industrial warehouses, and multi-family residential facilities. "We continue to see very strong end-market demand in this segment especially around E-Infrastructure which includes large data and distribution centers. In addition to our core E-Infrastructure customers, we began adding new large customers in the quarter that are expanding their Ecommerce efforts. These large-scale projects demand high-speed, high-quality execution, which enables us to differentiate ourselves from others," stated Joe Cutillo, Sterling's CEO. "These new wins in the quarter will enable us to finish 2021 strong and have a robust start to 2022."
|
STIM | Hot Stocks08:40 EDT Neuronetics announces 235,000 treatment milestone for Success TMS - Neuronetics announced a leading provider, Success TMS, has reached a milestone delivering over 235,000 NeuroStar transcranial magnetic stimulation, TMS, treatments to patients across the U.S, in just 3 years. "We are delighted to celebrate Success TMS for achieving such a remarkable milestone. It is because of partners like Success TMS that those struggling to find relief from depression with antidepressants have access to innovative treatments like NeuroStar," said Keith Sullivan, President and CEO of Neuronetics. "Our companies share a vision of transforming lives and helping patients overcome their depression with help from NeuroStar. The entire Success TMS team is incredibly dedicated to serving their communities and we look forward to their continued partnership and success."
|
FIVE | Hot Stocks08:40 EDT Five Below raises $1.5M for St. Jude Children's Research Hospital - Five Below announced that the Company has raised nearly $1.5 million during its recent fundraising campaign for St. Jude Children's Research Hospital and the important research and treatment it provides. Thanks to the generosity of its incredible customers, since first partnering with St. Jude in 2008, Five Below has raised more than $8.9 million for the hospital.
|
SLP | Hot Stocks08:39 EDT Simulations Plus awarded new funded contract from FDA for LAI products - Simulations Plus announced that, through a joint proposal with the University of Connecticut's Department of Pharmaceutical Sciences, it has been awarded a new funded contract from the FDA to enhance and validate mechanistic in vitro/in vivo correlation, or IVIVC, methods for long-acting injectable, or LAI, formulations to accelerate innovator and generic product development and regulatory assessment. For this award, Diane Burgess, Board of Trustees Distinguished Professor of Pharmaceutics and Pfizer Distinguished Endowed Chair in Pharmaceutical Technology, and her lab at the University of Connecticut, will generate in vitro and in vivo data for marketed LAI products using novel discriminatory systems. The scientific team at Simulations Plus will apply these data sets, along with additional information provided by research collaborators, to build and validate physiologically based biopharmaceutics/pharmacokinetic models and generate IVIVCs. The resulting outcome will provide the foundation of a viable alternative to in vivo studies for the establishment of bioequivalence for LAI products.
|
ANIC | Hot Stocks08:38 EDT Anicom and Cleveland Clinic begins dosing patients in breast cancer study - Anixa Biosciences announced that, in conjunction with its partner, Cleveland Clinic, it has commenced dosing of patients for a novel study of its vaccine that is being investigated for preventing triple-negative breast cancer, the most aggressive and lethal form of the disease. Anixa has a worldwide, exclusive license to the vaccine technology originating from Cleveland Clinic. Founded by the U.S. Department of Defense, the new study is a multiple-ascending dose Phase 1 trial to determine the maximum tolerated dose of the vaccine in patients with early-stage, triple-negative breast cancer as well as monitor immune response. The study will be conducted at Cleveland Clinic and will consist of 18 to 24 patients who have completed treatment for early-stage, triple-negative breast cancer within the past three years and are currently tumor-free but at high risk for recurrence. During the course of the study, participants will receive three vaccinations, each two weeks apart, and will be closely monitored for side effects and immune response. The study is estimated to be completed in the Q3 of FY22.
|
PPBT | Hot Stocks08:38 EDT Purple Biotech expands collaboration to evaluate NT219, immuno-oncology drugs - Purple Biotech announced the expansion of an existing research agreement, led by Menashe Bar-Eli, Ph.D., Professor, Department of Cancer Biology, at The University of Texas MD Anderson Cancer Center, and will evaluate the potential efficacy of the combination of NT219, a dual inhibitor, novel small molecule that simultaneously targets IRS1/2 and STAT3, and immuno-oncology drugs, such as anti-CTLA4 or anti-PD1/PDL1 antibodies. "We are thrilled to expand this collaboration, and we believe that combining NT219 with immune-oncology backbone therapies is an important path forward for our NT219 clinical program," said Isaac Israel, Chief Executive Officer of Purple Biotech. "The collaboration is an important step in the translational work that could support the advancement of this potential treatment into the clinic. We recently presented promising initial clinical data for NT219 as a monotherapy treatment for advanced solid tumors and look forward to the availability of additional top-line data from the first part of this ongoing Phase 1/2 clinical trial."
|
RVVTF | Hot Stocks08:38 EDT Revive Therapeutics says DSMB supports continuing Phase 3 trial of bucillamine - Revive Therapeutics is pleased to provide an update on the Company's U.S. Food & Drug Administration Phase 3 clinical trial to evaluate the safety and efficacy of Bucillamine in patients with mild to moderate COVID-19. The Study is a randomized, double-blinded, placebo-controlled trial and the safety and efficacy data at each interim analysis timepoint, in which the final interim analysis will be at 800 completed patients, are only made available to the Independent Data and Safety Monitoring Board for review and recommendations on continuation, stopping or changes to the conduct of the Study. The DSMB supported continuation of the Study in its last meeting as there was no serious adverse events or safety concerns reported and it is expected that the final interim analysis meeting, which will take place at 800 completed patients to be held in Q4-2021. In light of the spread of the Delta variant of COVID-19 and as a follow on to a recent study, titled "Thiol-based drugs decrease binding of SARS-CoV-2 spike protein to its receptor and inhibit SARS-CoV-2 cell entry" showing that thiol-based drugs, like Bucillamine, decrease the binding of SARS-CoV-2 spike protein to its receptor, decrease the entry efficiency of SARS-CoV-2 spike pseudotyped virus, and inhibit SARS-CoV-2 live virus infection, the Company supported research under its sponsored agreement with the University of California, San Francisco in the laboratory of Dr. John Fahy to explore the utility of thiol-based drugs, including Bucillamine, against the Delta variant of COVID-19. Research results will be made available via a publication shortly. As a result of the research and the rise of the Delta variant of COVID-19, the Company has also decided to incorporate viral load testing to complement the Study to a minimum of 300 patients that will be enrolled in the Study. The viral load will allow the Company to quantify the speed in which Bucillamine can reduce viral infection of patients throughout the course of treatment, thus allowing to understand the most optimal time to introduce Bucillamine in the treatment course and provide confidence in the potential utility and effectiveness of Bucillamine in COVID-19. The Company currently has engaged a total of 46 clinical sites in fourteen states including: Alabama, Arkansas, California, Florida, Georgia, Illinois, Michigan, Nevada, New York, North Carolina, Ohio, South Carolina, Tennessee and Texas. Also one clinical site in Puerto Rico. The Company expects to eventually file an Emergency Use Authorization with the FDA in the event that the blinded results provide evidence to the DSMB's final review to recommend to pursue EUA for Bucillamine to treat mild to moderate COVID-19. In addition, the Company is in discussions with its manufacturing partner to secure commercial supply of at least 5 billion Bucillamine tablets to potentially treat at least 50 million people globally for 2022. The Company is continuing discussions with reputable international pharmaceutical companies seeking to obtain commercial rights to Bucillamine as a treatment for COVID-19 in various countries in Europe, India and Asia. In light of these discussions, Revive is pursuing a commercialization plan that would leverage the clinical results from the U.S. Phase 3 study to allow for drug approvals globally.
|
OLB... | Hot Stocks08:37 EDT OLB Group subsidiary expands Bitcoin mining operation with 500 mining computers - OLB Group (OLB) announced that DMint, a wholly-owned subsidiary of OLB, has expanded its Bitcoin (BTC) mining operation with the addition of 500 Antminer S19j Pro cryptocurrency mining computers. DMint anticipates having a total of 1000 computers in operation at its newly completed Bradford, Pennsylvania location by the end of 2021 and projects to reach 24,000 Bitcoin mining computers - in various locations - in the next 24 months.
|
AGMH... | Hot Stocks08:37 EDT AGM Group Holdings and Meten Edtechx announces strategic partnership - AGM Group Holdings (AGMH) announced it has entered into a strategic partnership with Meten Holding Group (METX). The partnership will primarily focus on research and development support for blockchain applications, and in establishing a supply chain for cryptocurrency mining. The agreement includes an initial order from Meten for 1,500 Bitcoin mining machines worth $12M Meten also has an option to purchase additional machines. AGMH through its strategic partnership with HighSharp Electronic Technology has built a cutting-edge R&D capability with engineers who are experts in blockchain and related technologies, which is also the major reason why Meten chose to partner with AGMH.
|
HIL | Hot Stocks08:37 EDT Hill International awarded five-year, $125M contract by SCE - Hill International announced it was selected by Southern California Edison, SCE, to continue providing project management and support services for assignments from SCE's Major Projects Organization, Transmission, Substation, Distribution, Generation, and Asset Management Strategy and Engineering groups. Hill has worked with SCE for more than a decade to help deliver their projects and programs on-time and within budget, providing project management, project controls, data management, document management, and other support services. The five-year contract is valued at $125M. "SCE is a long-term partner for Hill," says First Vice President, Southern California Operations J.P. Villamizar. "Over the years we have worked with SCE's in-house experts to refine and hone management processes and systems for very exciting capital projects and initiatives to deliver the energy infrastructure Southern California needs to grow safely and sustainably. We're proud and excited to continue our partnership."
|
AKYA EXAS | Hot Stocks08:36 EDT Akoya Biosciences appoints Pascal Bamford as SVP, R&D, Laboratory Operations - Akoya Biosciences (AKYA) announced the appointment of Pascal Bamford, PhD, as Senior Vice President,, or SVP, Research and Development, or R&D, and Laboratory Operations. Dr. Bamford joins Akoya with scientific and operational experience, leading teams in developing and implementing products and shepherding them through international regulatory agencies to reach customers and patients worldwide. Most recently, as Senior Vice President of Products and Services Research and Development at Exact Sciences (EXAS), Dr. Bamford had a role in driving the growth of the company's genomic clinical testing business.
|
CVLT | Hot Stocks08:35 EDT Commvault announces three MSP partners are joining Metallic MSP ecosystem - Commvault announced three new Managed Service Provider, or MSP, partners are joining the Metallic MSP ecosystem, growing the number of MSPs offering Metallic Data Management-as-a-Service, or DMaaS, solutions, while increasing the reach by bringing access to the industry's leading data protection solutions to more organizations in more geographies. New partners Veristor, GM Sectec, and Data Management Professionals South Africa join global design partner SoftwareONE in delivering Metallic-powered solutions to customers through the new, easy-to-use Metallic MSP partner portal.
|
CDMO | Hot Stocks08:35 EDT Avid Bioservices to join S&P SmallCap 600 Index - Avid Bioservices announced that the company will be added to the S&P SmallCap 600 Index, effective prior to the open of trading on Friday, October 29, 2021.
|
AYRWF | Hot Stocks08:34 EDT Ayr Wellness launches Kynd premium flower in Arizona - Ayr Wellness announced the launch of Kynd premium flower in Arizona. Kynd's initial launch in Arizona will be exclusive to Ayr's Oasis Cannabis stores. The premium cannabis brand is comprised of carefully curated genetics that produce flower offering exceptional effect and flavor. The first Kynd drop features twelve popular strains, including Mai Thai, Black Water, and MTF. Sale of Kynd premium flower in other stores throughout Arizona will begin following the exclusive launch in Ayr's Oasis dispensaries.
|
NTWK GIB | Hot Stocks08:34 EDT NetSol Technologies announces expansion of partnership with CGI in Europe - NETSOL Technologies (NTWK) announced an expansion of its strategic partnership with leading IT and business consulting services firm CGI (GIB) in Europe. The agreement builds on the close collaboration between the two global IT service providers in the United Kingdom and the United States. The two companies have teamed up to offer NETSOL's premier, next-generation NFS Ascent(R) platform to the global finance and leasing industry, supported by CGI's local business consulting, IT integration, and managed service solutions. As part of its expanded relationship with NETSOL, CGI will integrate NFS Ascent within its clients' complex IT and operating environments and ensure the solution is configured to meet local market practices and finance, risk and regulatory compliance policies. "Partnering with a global IT service provider like CGI enables us to provide our customers with leading industry and application-specific IT solutions," said Najeeb Ghauri, Founder, Chairman and Chief Executive Officer of NETSOL Technologies. "This important and expanded partnership will be most impactful to our joint customers in the commercial, finance and leasing sectors. With CGI's expertise, we expect to accelerate and maximize the value proposition from IT investments and deliver the results our customers need to streamline and grow their businesses."
|
PINC | Hot Stocks08:33 EDT Premier, Resilinc announce supply chain transparency collaboration - Premier and Resilinc announced a new collaboration to drive greater supply chain transparency, risk mitigation and business continuity for U.S. healthcare providers. The Resilinc and Premier initiative expands Premier's supply chain mapping footprint to encompass more than 1,300 suppliers and 15,000 sites.
|
RNGTF | Hot Stocks08:33 EDT Osisko Development announces drilling results from Cariboo project - Osisko Development announced drilling results from the 2021 exploration and category conversion drill program campaign at its Cariboo Gold Project in central British Columbia. Summary: A total of 152,000 meters were drilled in 2021, of which 28,000 meters and 92 holes were drilled at Lowhee Zone on Barkerville Mountain. Recent assay results include holes BM-21-037 to BM-21-051. BM-21-047 intersected a mineralized vein corridor from 121.00 meters to 128.75 meters core depth and assayed 158.40 g/t Au over 7.75 meters including a sample with visible gold that assayed 2,420.00 g/t Au over 0.50 meter. BM-21-049, located 130 meters along strike from BM-21-047, returned assays of 19.03 g/t Au over 15.20 meters including a sample of 482.00 g/t Au over 0.50 meter. Other samples over 100.00 g/t Au include 157.50 g/t Au over 0.50 meter in hole BM-21-039 and 103.50 g/t Au over 1.00 meter in hole BM-21-046. Assay Highlights: 6.77 g/t Au over 9.05 meters in hole BM-21-037 including 70.40 g/t Au over 0.70 meter; 26.80 g/t Au over 0.55 meter in hole BM-21-038; 157.50 g/t Au over 0.50 meter in hole BM-21-039; 16.46 g/t Au over 7.15 meters in hole BM-21-046 including 103.50 g/t Au over 1.00 meter; 158.40 g/t Au over 7.75 meters in hole BM-21-047 including 2,420.00 g/t Au over 0.50 meter; 27.60 g/t Au over 0.80 meter in hole BM-21-047; 38.70 g/t Au over 0.60 meter in hole BM-21-048; 9.81 g/t Au over 3.50 meters in hole BM-21-049 including 60.30 g/t Au over 0.50 meter; 19.03 g/t Au over 15.20 meters in hole BM-21-049 including 482.00 g/t Au over 0.50 meter; 29.70 g/t Au over 0.50 meter in hole BM-21-051; 42.70 g/t Au over 0.55 meter in hole BM-21-051; 32.20 g/t Au over 0.70 meter in hole BM-21-051. Vein corridors are defined as a high-density network of mineralized quartz veins within the axis of the last folding event and hosted within a brittle meta-sandstone or calcareous meta-sandstone. Vein corridors are modelled at a minimum thickness of 2 meters and average about 4.5 meters true width. Individual mineralized veins within these corridors have widths varying from centimeters to several meters and strike lengths from a few meters to over 50 meters. These corridors have been defined from surface to a vertical depth averaging 300 meters and remain open for expansion at depth and along strike. Gold grades are intimately associated with quartz vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins. True widths are estimated to be 60% to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade.
|
DOX | Hot Stocks08:31 EDT Amdocs announces business momentum of its 5G efforts - Amdocs announced business momentum of its 5G efforts. In 2021, Amdocs has engaged in more than 25 new 5G operations and monetization projects across 15 countries, including agreements with communications service providers like AT&T, T-Mobile and Three UK. Amdocs recently announced an expanded collaboration with Microsoft to enable service providers to transform with cloud-native solutions and cloud transformation services, and deploy 5G networks for consumers and enterprises in the cloud. Regarding innovation, Amdocs was selected by Orange to provide the business support systems for Europe's first 5G Stand Alone experimental cloud network launched in July in Lannion, France. Amdocs has invested significantly in developing 5G use cases around driverless cars, rural connectivity, food resiliency, and enterprise. Amdocs' 5G solutions have been recently expanded to serve the 5G Value Plane. Anthony Goonetilleke, Group President of Media, Network and Technology, said: "As more 5G standalone networks are launched across the globe, Amdocs is enabling communications service providers to unlock 5G's full potential, creating new capabilities, unique business models and game-changing opportunities. Connectivity is the backbone of modern society, and 5G represents an opportunity to expand connectivity, generate new revenue streams and deliver next generation experiences for customers."
|
ENSC | Hot Stocks08:29 EDT Ensysce Biosciences appoints Linda Pestano as CDO - Ensysce Biosciences has appointed Linda Pestano, PhD, Chief Development Officer effective October 15, 2021. Pestano has worked through her career to guide the development of novel therapeutics to improve patient outcomes and quality of life. Dr. Pestano received her PhD from Tuffs University and undertook a Post-Doctoral Fellowship with Dana Farber Cancer Institute at the Harvard Medical School in Boston.
|
DOX AMZN | Hot Stocks08:29 EDT Amdocs launches As-A-Service Buisness Suite - Amdocs (DOX) announced the availability of its Digital Brand Suite as-a-Service, a fully pre-integrated digital business suite, powered by Amazon (AMZN) Web Services, AWS, and delivered as a service. With the Amdocs Digital Brand Suite as-a-Service, digital brands and small-scale service providers can now create, capture, and monetize an all-digital experience for their end users as they grow their business through innovation cycles, expanding product and services portfolio with bundles, convergent services and product lines, monetizing 5G and other use cases. The new Amdocs suite reduces IT overhead and accelerates time to market through a pre-built library of telecom-specific business processes, low-code business configuration templates and a set of APIs for managing the customer lifecycle across care, commerce, ordering and monetization. "Together with the AWS SaaS Factory Program, we're excited to launch our Digital Brand Suite as-a-Service offering. Service providers around the world are introducing standalone, digital brands that require a short time to launch, rely on out-of-the-box capabilities and industry-defined business processes, and that take advantage of a set of pre-integrated network and IT APIs," said Anthony Goonetilleke, Group President of Media, Network and Technology, Amdocs. "The fully cloud-native solution provides digital brands with a real 'try and buy' experience with low initial investment based on a 'pay as you grow' model."
|
APWC | Hot Stocks08:28 EDT Asia Pacific Wire & Cable Corp to host 2021 annual shareholders meeting - Asia Pacific Wire & Cable Corporationannounced that the Company will host its 2021 Annual General Meeting for shareholders at its headquarters located at Room B, 15th Floor, No. 77, Dunhua South Road, Section 2, Taipei, 106, Taiwan on Thursday, December 23, 2021 at 9 am EDT. The Meeting is being held for the purposes below, and additional information, including the agenda of all matters being put to a vote of shareholders, will be provided in the Notice of Meeting and related proxy statement that will be provided to shareholders. As of the date hereof, the agenda is intended to include for voting by shareholders the matters set forth below. The Company reserves the right to finalize the meeting agenda in its discretion. To approve the written record of the last Annual General Meeting of Shareholders of the Company held on September 18, 2020 To approve the minimum number of directorships at two and the maximum number of directorships at ninTo elect up to nine directors To approve the compensation to be paid to each of the directors To present before the Meeting the audited financial statements of the Company for the fiscal year ended December 31, 2020 To approve the appointment of PricewaterhouseCoopers Taiwan as the independent auditor of the Company for the 2021 fiscal year, and to authorize the Board of Directors of the Company acting through its Audit Committee to determine the remuneration of the independent auditors for the 2021 fiscal year To consider such other matters as may be appropriately brought before the shareholders The record date for shareholders wishing to vote in the Meeting is planned to be set as November 5, 2021. All shareholders of record as of the record date shall be entitled to one vote per share on all matters put to shareholders at the Meeting, all as shall be more fully described in the Notice of Meeting and related proxy statement that will be provided to shareholders of record.
|
WKSP | Hot Stocks08:26 EDT Worksport appoints Yosi Behar to advisory board - Worksport has appointed Mr. Yosi Behar to its Advisory Board. The Company's commitment to decarbonizing transportation and innovating how clean energy is produced and harnessed is paving the way for a global transition to both solar and hydrogen-solutions for mobile power generation, independent of the grid. The Company is focused on bringing such implementations to market that management believes have potential to shift consumers' utilization towards these off-grid, non-parasitic technologies. Management is looking forward to working with Mr. Behar on opportunities to implement the Company's clean, sustainable energy solutions in a myriad of automotive as well as real estate applications. As Founder of The Behar Group, Yosi Behar has been an active real estate representative and broker in Ontario, Canada for over 40 years.
|
AUID | Hot Stocks08:25 EDT authID.ai, HRB announce deployment of biometric identity services - authID.ai announced that Hamilton Reserve Bank, HRB, a fully regulated global bank with worldwide offices, has deployed authID.ai's Identity as a Service, IDaaS, platform. HRB has deployed Verified, authID.ai's biometric multi-factor cloud-based authentication product that offers the ease of a "selfie" to confirm identity, thereby eliminating the use of vulnerable one-time passwords and knowledge-based questions for securing transactions and account recovery. As HRB launches new digital banking services with the Temenos Infinity banking platform, authID.ai, a Temenos Marketplace provider, provides high levels of identity assurance to HRB and its expanding international clientele. authID.ai's biometric identity products are helping HRB reduce operational costs associated with supporting password resets, and mitigate security risks arising from stolen passwords, phishing, and account takeovers. In addition to deploying Verified, Proof by authID.ai delivers automated identity verification during digital onboarding of HRB's global clientele, including quick mobile identity document capture and authentication, liveness confirmation, and facial biometric matching of a selfie to the credential photo. "Everything starts with trusted identity," said Tom Thimot, CEO of authID.ai. "Our identity platform offers innovative solutions that are flexible, fast, and easy to integrate. authID.ai is committed to helping banks across the globe reduce the risk of identity fraud, eliminate the costs and hassles of passwords and ultimately deliver seamless authentication experiences to their customers."
|
BRTX... | Hot Stocks08:25 EDT BioRestorative Therapies appoints Patrick Williams, David Rosa to board - BioRestorative Therapies (BRTX) announced the nomination of two new independent members to its Board of Directors with industry and medical device experience: Patrick Williams, CFO at STAAR Surgical (STAA), and David Rosa, President and CEO at NeuroOne (NMTC). Their election to the Board will take effect in the event the Company's pending registration statement becomes effective.
|
KTOS | Hot Stocks08:22 EDT Kratos Defense awarded new US Air Force program of $17.6M - Kratos Defense & Security Solutions, a leading National Security Solutions provider, announced that Kratos Unmanned Systems Division, KUSD, has been awarded a $17,677,612, 12-month cost plus fixed-fee contract to design and develop an Off Board Sensing Station, or OBSS, Unmanned Aerial System in support of Air Force Research Laboratory's Autonomous Collaborative Platforms technology maturation portfolio. Work under the program award will be performed at secure Kratos engineering and technology facilities located in Texas, California, and Oklahoma over the next 12 months. The OBSS program includes an optional subsequent 15-month Manufacture and Demonstration period. With the base and option awards, total contract to Kratos would be $49M. The OBSS vehicle is intended to be an affordable, highly modular conventional takeoff and landing jet-powered UAS. The Kratos OBSS solution incorporates manufacturing techniques that enhance its ability to not only provide significant performance for sensor extension missions for manned jet aircraft, but also will accommodate significant offensive weapons volume to also act as a weapons bay extension for manned aircraft. Eric DeMarco, President and CEO of Kratos Defense and Security Solutions, said, "Kratos is committed to disrupting the government contractor national security market by providing rapid, agile, affordable, and relevant systems to our defense customers. The recent selection of Kratos to develop next-generation OBSS aircraft for our partner, the U.S. Air Force, re-affirms our approach to treat affordability as a technology. Kratos Ghost Works, which played a significant role in the design of our OBSS system, has once again demonstrated that our real, proven, digital engineering process, methodology, assets, and infrastructure are optimized for affordable system development. At Kratos, we develop products, not just PowerPoint presentations, and we will continue to pursue affordable, innovative solutions to support our USAF customer in the current challenging budgetary environment."
|
STMH | Hot Stocks08:21 EDT Driven by Stem enters LOI to acquire Colorado Harvest Company - Stem Holdings announced today that it has entered into a letter of intent to acquire High Country Supply, LLC d/b/a Colorado Harvest Company, a vertically-integrated operators with two delivery permits, three retail dispensaries, and two cultivation facilities. In calendar 2021, CHC is expected to generate over $13,000,000 in revenues, with a projected gross margin of $5,070,000, upon completing over 180,000 retail transactions. Pursuant to the LOI, the parties intend to negotiate the terms of definitive agreements, providing for the integration of Colorado Harvest Company's three leading vertically integrated dispensaries, two modern grow facilities, and its two Colorado adult use delivery permits located in Aurora and Denver into Stem's Budee proprietary platform.
|
MOTS | Hot Stocks08:20 EDT Motus GI Holdings announces presentation of results on Pure-Vu System - Motus GI announced that results from an independent single-center study of the Pure-Vu System as an adjunct to colon cleansing in patients with inadequate bowel preparation, IBP, were featured in a presentation at the 2021 American College of Gastroenterology, ACG, Annual Scientific Meeting. "We are excited to see the positive results of this real-world, independent study of the Pure-Vu System supporting both inpatient and outpatient procedures for screening and emergency colonoscopies at the ACG meeting. While we have conducted extensive research of the Pure-Vu System around inpatient screening colonoscopies following bowel preparation, this evaluation of the Pure-Vu System included three patient cases where the Pure-Vu System was successfully used in emergency colonoscopy without bowel preparation. We believe there is tremendous potential for the Pure-Vu System to support colonoscopies following limited bowel preparation, which supports results from other studies," commented Tim Moran, Director and Chief Executive Officer at Motus GI. In the study, the Pure-Vu was used in 40 patients with IBP to complete the colonoscopy. The indication for colonoscopy was either diagnostic or colorectal cancer screening/surveillance. Pure-Vu was used as an adjunct to IBP to allow completion of procedure in 37 patients. In patients with IBP, the mean BBPS score improved from 3.1 to 8.5 after intra-procedural cleansing. Three patients had active lower gastrointestinal bleeding , and Pure-Vu was used without bowel preparation to promptly detect the etiology and possibly treat. When used in emergency colonoscopy without bowel preparation, procedures could be completed in all three patients detecting and treating diverticular and post-polypectomy bleeding in one patient each and diagnosing severe right sided ischemic colitis in another. Use of Pure-Vu did not interfere with the performance of endoscopic interventions including biopsy, cold/hot snare polypectomy, or EMR. Besides minor mucosal trauma in two cases, no major complications were observed with Pure-Vu.
|
BIVI | Hot Stocks08:19 EDT BioVie announces FDA authorization to initiate Phase 2 trials of NE3107 - BioVie announced that the FDA has authorized the company to initiate a Phase 2 study assessing NE3107's potential pro-motoric impact in Parkinson's disease patients. The NM201 study is a double-blind, placebo-controlled, safety, tolerability, and pharmacokinetics study in Parkinson's disease participants treated with carbidopa/levodopa and NE3107. 40 patients with a defined L-dopa "off state" will be randomized 1:1 placebo: active 20 mg twice daily for 28 days. Safety assessments will look at standard measures of patient health and potential for drug-drug interactions affecting L-dopa PK and activity. Efficacy assessments will use the Motor Disease Society Unified Parkinson's Disease Rating parts 1-4, Hauser ON/OFF Diary, and Non-Motor Symptom Scale. Neuroinflammation, insulin resistance, and oxidative stress are common features in the major neurodegenerative diseases, including Alzheimer's Disease, Parkinson's Disease, frontotemporal lobar dementia and ALS. NE3107 is an oral small molecule, blood-brain permeable, compound with potential anti-inflammatory, insulin sensitizing, and ERK-binding properties that may allow it to selectively inhibit ERK- and NFB-stimulated inflammation. No major safety signals have been observed in nonclinical and clinical studies conducted to date. NE3107's potential to inhibit neuroinflammation and insulin resistance forms the basis for the Company's work testing the molecule in AD and PD patients. The company has an active Phase 3 trial studying NE3107 in AD that is expected to have topline results by the end of 2022. Remarkable parallels exist between AD and PD, among them activated microglia driving inflammation, involvement of TNFalpha, oxidative stress, mitochondrial dysfunction and insulin resistance. In nonclinical and clinical studies, NE3107 reduced inflammation and enhanced insulin sensitivity, both of which are important to PD pathology. Nonclinical studies in marmoset monkeys have shown NE3107 administered alone to be as pro-motoric as levodopa, underscoring the apparently critical role of inflammation in expression of PD dismobility. When NE3107 was administered with levodopa, the combination improved motor control better than either drug alone. Furthermore, in the marmoset study, NE3107 reduced the severity of levodopa induced dyskinesia concurrent with pro-motoric benefit and decreased neurodegeneration, preserving twice as many dopaminergic neurons compared to control. The Company expects to initiate patient enrollment for the NM201 study before the end of 2021. Topline results are expected by the middle of 2022.
|
GANX | Hot Stocks08:18 EDT Gain Therapeutics announces formation, appointments to SAB - Gain Therapeutics announced the formation of its Scientific Advisory Board, SAB. Luca Benatti, Ph.D. will serve as chair of the SAB. Additional appointments include Samuel Broder, M.D.; Lorenzo Leoni, Ph.D.; Joanne Taylor, Ph.D.; and Michel Vellard, Ph.D. Benatti will lead Gain's SAB and work closely with the company's leadership team to shape the scientific strategy and advance Gain's early-stage programs. Benatti serves as the Chief Executive Officer and a Director of EryDel S.p.A., a private biotechnology company focused on rare diseases. Broder has been at the forefront of science and medicine in many diverse arenas throughout his career. He is the former Director of the National Cancer Institute. Leoni is a co-founder of Gain Therapeutics and currently serves as Chairman of the Board of Industrie Biomediche Insubri SA, a board member of Artificaly SA, and a managing partner of TiVenture SA. Taylor has over 25 years experience in the neuroscience industry. She served as vice president for Prescient Healthcare Group. Vellard currently serves as chief scientific officer for Home Biosciences.
|
SELB DNA | Hot Stocks08:17 EDT Selecta, Ginkgo Bioworks partner for orphan, rare diseases treatments - Selecta Biosciences (SELB) and Ginkgo Bioworks (DNA), announced a collaboration to design novel and improved enzymes with transformative therapeutic potential to advance treatments for orphan and rare diseases. This partnership leverages the unique platforms of both companies. Under the terms of the collaboration, Ginkgo is eligible to earn upfront research and development fees and milestones, including certain milestone payments in the form of Selecta common stock, clinical and commercial milestone payments of up to $85M in cash, as well as further downstream value in the form of royalties on sales.
|
ADMA | Hot Stocks08:16 EDT ADMA Biologics CEO buys 350K shares, CFO buys 30K shares of common stock - In regulatory filings, ADMA Biologics disclosed that its CEO Adam Grossman bought 350K shares of common stock forr $350K while CFO Brian Lenz bought 30K shares for $30K on October 25th.
|
TTCF | Hot Stocks08:15 EDT Tattooed Chef to acquire Belmont Confections for $18M in stock, cash - Tattooed Chef announced it has entered into an agreement to acquire Belmont Confections, a private label co-manufacturer of nutrition bars, for approximately $18M in cash and stock. The transaction has been unanimously approved by Tattooed Chef's Board of Directors and the acquisition is expected to close in the fourth quarter of 2021. The transaction allows Tattooed Chef to further diversify its product offerings and enter into the $10B global plant based bar category. "We are excited to announce the acquisition of Belmont and look forward to welcoming George Tsudis and his team to the Tattooed Chef family," said Sam Galletti, President and CEO of Tattooed Chef. "Belmont is exactly the type of company that we have talked about acquiring with regards to a company that adds both manufacturing capacity and capabilities. This acquisition will further allow us to control the supply chain for the brand and ensure that Tattooed Chef products are always available by controlling our own destiny. Belmont also accelerates Tattooed Chef's expansion into ambient and refrigerated products in a new category. We believe this transaction will open up more sales channels including convenience stores, vending, drug and dollar, and more. At full capacity, we believe the Belmont facility can contribute over $100 million annually in revenue in the next two to three years.
|
VZ AMZN | Hot Stocks08:14 EDT Verizon, Project Kuiper partner to develop connectivity solutions - Verizon Communications Inc. (VZ) and Project Kuiper, an advanced low Earth orbit satellite network from Amazon.com, Inc. (AMZN), announced a strategic collaboration to develop connectivity solutions for unserved and underserved communities. As part of the collaboration, Project Kuiper and Verizon have begun to develop technical specifications and define preliminary commercial models for a range of connectivity services for U.S. consumers and global enterprise customers operating in rural and remote locations around the world. Project Kuiper is an initiative to increase global broadband access through a constellation of 3,236 satellites in low Earth orbit around the planet. The system will serve individual households, as well as schools, hospitals, businesses and other organizations operating in places where internet access is limited or unavailable. Amazon has committed an initial $10 billion to the program, which will deliver fast, affordable broadband to customers and communities around the world.
|
DNA | Hot Stocks08:14 EDT Selecta Biosciences and Ginkgo Bioworks announce collaboration - Selecta Biosciences and Ginkgo Bioworks announced a collaboration to design novel and improved enzymes with transformative therapeutic potential to advance treatments for orphan and rare diseases. This partnership leverages the unique platforms of both companies. Under the terms of the collaboration, Ginkgo is eligible to earn upfront research and development fees and milestones, including certain milestone payments in the form of Selecta common stock, clinical and commercial milestone payments of up to $85M in cash, as well as further downstream value in the form of royalties on sales.
|
VYNE | Hot Stocks08:13 EDT VYNE Therapeutics announces preclinical data on VYN201 - VYNE Therapeutics announced preclinical data showing that its pan-bromodomain and extra-terminal, BET, inhibitor, VYN201, significantly reduced the expression of several key pro-inflammatory cytokines relevant to Th17-mediated autoimmune diseases in an animal model and an ex vivo human tissue study. The pathogenesis of many autoimmune diseases is linked to the proliferation and activity of Th17 cells, which include several diseases that VYNE is evaluating for its VYN201 program. "We are encouraged by the evolving therapeutic profile of our lead topical BET inhibitor, VYN201," said David Domzalski, VYNE's Chief Executive Officer. "In collaboration with our newly formed scientific advisory board, we look forward to presenting additional VYN201 data as we continue to advance this promising and highly differentiated product candidate across our immuno-inflammatory development programs." Preclinical Model of Th17 Inflammation. VYNE's proprietary formulation of VYN201 was evaluated in a preclinical model in which dorsal depilated mice are topically dosed with imiquimod cream to induce a Th17 inflammation pathology over a 7-day induction phase. A further 7-day treatment phase evaluated three doses of VYN201 compared to a class 1 super-potent glucocorticosteroid product positive control and vehicle control. Further, an imiquimod-naive control group was included for VYN201 vehicle treatment. Key findings from the study: A dose-dependent improvement in the signs and symptoms of inflammation was observed for VYN201 treatment groups; Treatment with VYN201 0.1% resulted in a 94% reduction in the composite inflammation severity score of erythema and scaling, relative to the vehicle control group at treatment day 7; Animals treated with VYN201 0.1% experienced a reduction in inflammation comparable to those treated with the class 1 super-potent glucocorticosteroid clobetasol propionate 0.05% cream. Corresponding dose-dependent reductions were observed across all treatment groups in Th17-relevant cytokine biomarkers of inflammation, including IL-1beta, IL-17, IL-6, IL-36 and TNFalpha for VYN201-treated animals. Treatment with VYN201 at all concentrations appeared well-tolerated based on the following observations: Animals treated with VYN201 continued to gain body weight in a similar manner to the healthy control group, whereas animals treated with clobetasol propionate cream 0.05% had a mean body weight loss of approximately 17% compared to the animals treated with VYN201 0.1%. Animals treated with VYN201 had no evidence of dermal tolerance issues, consistent with the healthy control group. Ex-vivo Anti-inflammatory Effect on Human Skin Tissue Compared to Ruxolitinib: An ex vivo human skin tissue study was also conducted. Human skin biopsy tissue was stimulated to induce a Th17 immuno-phenotype using a method derived from Feghali-Bostwick et al. In the study, the release of several key pro-inflammatory cytokines were substantially reduced when Th17-stimulated human skin tissue was treated with VYN201, resulting in greater than 95% inhibition of IL-17, IL-36 and CXCL10 release relative to vehicle control. VYN201 also demonstrated a superior anti-inflammatory effect on these cytokines when compared to the JAK1/2 inhibitor, ruxolitinib, at identical concentrations.
|
OCGN | Hot Stocks08:13 EDT Ocugen up 25% in pre-market trading at $11.67 per share - Shares of Ocugen are up about 25% at $11.67 in pre-market trading following yesterday's 12.3% advance. The stock is the second highest trending name on StockTwits and is also in the top-10 on WallStreetBets Reddit thread in terms of message volume over the past 24 hours.
|
ERII | Hot Stocks08:13 EDT Energy Recovery wins over $21.9M in contracts for SWRO plants in Saudi Arabia - Energy Recovery announced contract awards totaling more than $21.9M for its PX Pressure Exchanger energy recovery devices and related equipment and services for seawater reverse osmosis desalination, SWRO, plants in the Kingdom of Saudi Arabia. The orders are expected to ship through Q2 of 2022, and the plants will be able to produce a combined total over one million cubic meters of water per day or m3/day. Energy Recovery Wins Contracts Totaling over $21.9 Million for SWRO Plants in Kingdom ofSWRO Plants in Kingdom of .Saudi Arabia.
|
CMG | Hot Stocks08:12 EDT Chipotle to open virtual restaurant on Roblox - Chipotle announced it will celebrate the 21st year of Boorito, a fan favorite Halloween event, by becoming the first restaurant brand to open a virtual location on Roblox, a global platform bringing millions of people together through shared experiences. In the Chipotle Boorito Maze experience, Chipotle will make $1M in free burritos available and offer access to new virtual Halloween costumes and exclusive Roblox items.
|
EVRI | Hot Stocks08:12 EDT Everi Holdings announces five-year agreement with Delaware Lottery - Everi Holdings announced a five-year agreement with the Delaware Lottery to launch the Company's high-performing gaming content. Everi will bring an extensive library of its games to Delaware for the first time with an anticipated late 2021 launch at three properties. The company plans to install nearly 500 units across Casino at Delaware Park, Dover Downs Hotel & Casino, and Harrington Raceway & Casino by early 2022.
|
GE | Hot Stocks08:12 EDT General Electric operating from a position of strength today, says CEO Culp
|
BNTX | Hot Stocks08:12 EDT BioNTech to initiate construction of mRNA vaccine facility in Africa in mid-2022 - BioNTech announced that the Company plans to initiate the construction of the first state-of-the-art manufacturing site for mRNA-based vaccines in the African Union in mid-2022. This is the next step in BioNTech's efforts to implement sustainable end-to-end vaccine supply solutions on the African continent. The decision is the result of a meeting between Rwanda's Minister of Health, Dr Daniel M. Ngamije, Senegal's Minister of Foreign Affairs Aissata Tall Sall, Ugur Sahin, M.D.,CEO and Co-Founder of BioNTech and Sierk Poetting, COO of BioNTech as well as Dr Sabin Nsanzimana, Director-General of Rwanda Biomedical Centre and Dr Amadou Alpha Sall, Directeur-General of Institut Pasteur de Dakar in Kigali, Rwanda. The meeting occurred upon the invitation of the kENUP Foundation and took place as a side-event of the Second Ministerial Meeting of the African Union and the European Union and resulted in a Memorandum of Understanding. This comes after the parties signed a Joint Communique at a previous meeting in Berlin on August 27, 2021. The parties agree to jointly establish end-to-end manufacturing capacities for mRNA-based vaccines in Africa starting immediately. BioNTech has finalized the construction plans and ordered the assets, which will be delivered by mid-2022. The new manufacturing facility could become the first node in a decentralized and robust African end-to-end manufacturing network enabling an annual manufacturing capacity of several hundreds of million mRNA vaccine doses. BioNTech plans to develop and implement a scalable construction network based on the expertise and learnings from the ramp-up of the Company's production facility in Marburg. To enable an expedient set-up of production capacities according to GMP standards, BioNTech will start with the construction and validation of a first production line enabling the manufacturing of drug product for about 50 million of e.g. COVID-19 vaccine doses per year, once fully operational. The capacity will be increased sequentially by adding further manufacturing lines and sites to the manufacturing network on the continent, supporting the production of several hundreds of millions of mRNA vaccine doses. BioNTech will initially staff, own and operate the facility to support the safe and rapid initiation of the production of mRNA-based vaccine doses. BioNTech plans to transfer manufacturing capacities and the know-how to local partners. Therefore, BioNTech, the Rwanda Development Board and Institut Pasteur de Dakar in Senegal agreed to swiftly build-up the required human resources capacity and systems so that the partners can take over ownership and operational duties. In parallel, the Republic of Rwanda and the Institut Pasteur de Dakar have committed themselves to scale-up fill and finish capacities to complete the local end-to-end manufacturing process. In addition, BioNTech is in discussions about an expansion of the current partnership with Cape Town-based vaccine manufacturer Biovac, which is part of the Pfizer-BioNTech COVID-19 vaccine manufaturing network.
|
GE | Hot Stocks08:12 EDT GE feeling impact of supply chain disruptions in many businesses, says CEO
|
IMAB | Hot Stocks08:11 EDT I-Mab announces partnership with Sinopharm - I-Mab announced that the company has entered into a strategic partnership with Sinopharm Group to strengthen its commercial capabilities and accelerate its commercialization transformation. I-Mab will authorize more than 300 of Sinopharm's subsidiaries as distributors across China to support distribution and retail allocation to terminal markets while the company leads the overall commercial activities. The partnership will also include alliance on key projects, to jointly accelerate the commercialization and go-to-market process of I-Mab's differentiated and novel products to meet the urgent unmet medical needs of the large population of Chinese patients. The company is rapidly advancing clinical development of its innovative and globally competitive late-stage assets. Felzartamab, a differentiated anti-CD38 antibody, is expected to be the first drug brought to the Chinese market by I-Mab, which is on track to submit BLA for third-line multiple myeloma treatment later this year. In addition, I-Mab has completed patient enrollment in a phase 3 registrational trial of felzartamab in combination with lenalidomide as a second-line therapy in patients with multiple myeloma.
|
WBX UBER | Hot Stocks08:11 EDT Wallbox and Uber announce strategic partnership - Uber (UBER) and Wallbox (WBX) announced a strategic partnership to simplify the transition to EVs for Bay Area ride share drivers using Uber. The partnership between Uber and Wallbox is part of Uber's recent commitment to becoming a 100% zero-emissions mobility platform in the US, Canada and Europe by 2030. Since 80% of EV charging happens at home, the intent of this partnership is to provide drivers using Uber with an easy-to-use and affordable one-stop shop for home charging solutions. As part of the partnership, Wallbox will offer drivers with Uber a discounted package for a Wallbox charger, seamless installation and the option to finance the package.
|
VYNT AMGN | Hot Stocks08:10 EDT Vyant Bio announces Robert Fremeau as Chief Scientific Officer - Vyant Bio (VYNT) announced the appointment of Robert Fremeau Jr., Ph.D., as Chief Scientific Officer. Dr. Fremeau is an experienced R&D leader with over two decades of drug discovery experience. As a Scientific Director at Amgen (AMGN), he led and contributed to multiple teams that advanced small molecules into clinical trials against innovative targets across neurological indications.
|
GE | Hot Stocks08:10 EDT GE: Largest impact from supply chain disruptions to-date is in Healthcare
|
OTMO CRM | Hot Stocks08:10 EDT Otonomo Technologies launches Otonomo app on Salesforce AppExchange - Otonomo Technologies (OTMO) announced it has launched the Otonomo App on Salesforce AppExchange (CRM), empowering customers to easily access rich vehicle data within their Salesforce Sales Cloud and Service Cloud. By having customer and connected vehicle data in one place, dealerships, leasing operations, fleets, roadside assistance providers, insurers and others can gain deeper insights, create new business opportunities and optimize operations.
|
VXRT | Hot Stocks08:09 EDT Vaxart doses first patient in Phase II COVID-19 oral tablet clinical trial - Vaxart announced that it has dosed the first subject in its Phase II COVID-19 oral tablet vaccine clinical trial, the only Phase II trial of an oral tablet COVID-19 vaccine underway in the world. Vaxart expects to enroll 96 subjects at four sites in the U.S. in the first part of its Phase II trial. The U.S. trial will be followed by an international trial involving a larger pool of subjects. The U.S. portion of the trial will be a randomized open-label dose and age escalation lead-in segment in naive and previously vaccinated subjects, to be followed by an international placebo-controlled efficacy trial. The full data set from the U.S. trial is expected in Q1 2022.
|
GE | Hot Stocks08:09 EDT GE: Aviation results reflect significant improvement in NT market fundamentals - CEO Culp says departure trends are better than the August dip and have recovered to down 23% of 2019 levels. The executive sees the acceleration in traffic continuing as travel restrictions lift and vaccination rates increase.
|
SYF | Hot Stocks08:09 EDT Synchrony, Prime Healthcare announce partnership - Prime Healthcare, a physician-founded and physician-led health system, and Synchrony announced a partnership to offer new patient financing options at Prime Healthcare's 45 hospitals in 14 states. In partnership with Synchrony, Prime Healthcare will offer patients another way to easily pay for healthcare over time with Synchrony's CareCredit, a leading healthcare credit card, for pre-care, point-of-care and post-care payment. By partnering with Synchrony to offer the CareCredit credit card, Prime Healthcare will establish a new payment option that enables price transparency and affordability, and empowers patients to access the care they need throughout their healthcare journey.
|
BKR | Hot Stocks08:09 EDT Baker Hughes in pact with machine health solution firm Augury - Baker Hughes has announced an investment in and a multi-year commercial alliance with Augury, a machine health solution provider, to deliver an expanded set of asset performance capabilities, providing connected data, analytics and insights into energy and industrial assets. The alliance builds on Baker Hughes' existing asset performance management capabilities and domain expertise in critical industrial assets. Through the alliance, customers will now benefit from end-to-end visibility into the health and performance of their critical assets to balance of plant machines, resulting in reduced downtime, increased availability, and lower maintenance costs. Extending Baker Hughes' APM solutions with Augury's machine health capabilities will also be important to Baker Hughes' efforts to accelerate digital transformation and decarbonization in the energy and industrial sectors.
|
PGEN | Hot Stocks08:08 EDT Precigen: FDA clears IND to initiate Phase 1/1b clinical trial of PRGN-3007 - Precigen announced that the U.S. FDA has cleared the Investigational New Drug application to initiate the Phase 1/1b clinical trial of PRGN-3007 in advanced receptor tyrosine kinase-like orphan receptor 1-positive hematological and solid tumors. PRGN-3007 is a first-in-class investigational therapy based on the next generation of Precigen's UltraCAR-T platform and incorporates intrinsic programmed cell death protein 1 blockade. This first-in-human investigator-initiated study of PRGN-3007 will be conducted in collaboration with the H. Lee Moffitt Cancer Center & Research Institute.
|
GE | Hot Stocks08:07 EDT GE CEO: Results reflect significant improvement in near-term market fundamentals - Comments taken from Q3 earnings conference call.
|
HBCP | Hot Stocks08:06 EDT Home Bancorp announces new share repurchase plan - The company announced that the Board of Directors approved a new share repurchase plan. Under the 2021 Repurchase Plan, the company may purchase up to 430,000 shares, or approximately 5% of the company's outstanding common stock. Share repurchases under the 2021 Repurchase Plan may commence upon the completion of the company's 2020 Repurchase Plan. There are 56,583 shares remaining that may be repurchased under the 2020 Repurchase Plan.
|
ZEV | Hot Stocks08:06 EDT Lightning eMotors announces increase in orders, reorders from CalACT - Lightning eMotors announced an increase in orders, and reorders from the CalACT Vehicle Purchasing Cooperative managed by Morongo Basin Transit Authority, or MBTA. The increase in orders are from public agencies who are members of the California Association for Coordinated Transportation, or CalACT. Lightning eMotors has delivered eight of 11 vehicles initially ordered and expects to deliver the remaining three before the end of the year. An additional five orders from more new agencies are also on track to close in the coming month.
|
MREO | Hot Stocks08:05 EDT Mereo BioPharma receives US Orphan Drug Designation for alvelestat - Mereo BioPharma announced that the U.S. Food and Drug Administration has granted Orphan Drug Designation to alvelestat for the treatment of alpha-1 antitrypsin deficiency, AATD. Mereo is currently developing alvelestat for the treatment of AATD-Lung Disease, AATD-LD. AATD is a rare and life-threatening disease. "We believe that the orphan drug designation represents an important regulatory milestone, recognizing the significant and urgent unmet need for new therapies to address AATD and specifically AATD-LD," said Dr. Denise Scots-Knight, Chief Executive Officer of Mereo. "We look forward to providing an update on our program before the end of the year."
|
MSFT FIS | Hot Stocks08:05 EDT Microsoft expanda global payments relationship with Worldpay from FIS - Microsoft (MSFT), has expanded its global payments relationship with Worldpay from FIS (FIS). Worldpay will provide online credit and debit card processing for Microsoft online store fronts including, Xbox, Microsoft Advertising, Microsoft Azure and other Microsoft brands in the Americas, Europe and Asia Pacific. "Microsoft has been working with Worldpay in Latin America since 2014, and the expanded relationship will see Worldpay process online payments for the company globally. In addition to payment processing, Microsoft will make use of value-added services from Worldpay including Account Updater, which is meant to automatically ensure subscriber-based payment card credentials are always up to date for a seamless customer experience, as well as solutions designed to enhance authorization rates and tokenized security," added the company in a statement.
|
ECHO | Hot Stocks08:03 EDT Echo Global is not providing outlook - On September 9 Echo announced it has entered into a definitive merger agreement to be acquired by funds managed by The Jordan Company, a global private equity firm, for $48.25 per share for an equity value of approximately $1.3B. As such, the Company will not be updating its outlook for fiscal 2021 or longer-term targets and will not be holding a conference call to discuss the Company's financial results for the Q3. Completion of the transaction is subject to approval by the Company's stockholders, regulatory approvals and other customary closing conditions. The parties expect to close the transaction during the Q4.
|
LMT | Hot Stocks08:02 EDT Lockheed Martin sees FY22 CapEx $2B, independent R&D $1.5B - Sees FY22 dividend payments $3B. Sees up to $6B in share repurchases over the next 12-18 months.
|
LMT | Hot Stocks08:01 EDT Lockheed Martin sees FY21 Aeronautics sales $26.75B vs. prior $27.2B-$27.6B view - Sees FY21 Space sales $11.85B vs. prior $11.9B-$12.2B view, sees RMS sales $16.775B vs. prior $16.575B-$16.975B view. Sees FY21 MFC sales $11.625B vs. prior $11.625B-$11.925B view. The company says the supply chain is impacting Aeronautics, MFC and Space. Sees FY21 Aeronautics segment operating profit about $2.8B vs. prior $2.835B-$2.875B view. Sees FY Space segment operating profit $1.135B vs. prior $1.155B-$1.185B view, RMS segment operating profit $1.78B vs. prior $1.76B-$1.8B, and MFC segment operating profit $1.635B vs. prior $1.63B-$1.66B view.
|
LMT | Hot Stocks07:58 EDT Lockheed Martin sees FY21 segment operating profit $7.35B - Prior view was $7.38B-$7.52B. Sees FY21 net FAS/CAS pension adj. of $665M vs. prior $655M outlook. Comments taken from Q3 earnings conference call presentation slides.
|
EVAX | Hot Stocks07:53 EDT Evaxion Biotech announces filing of registration statement in the the U.S. - Evaxion Biotech announced that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission relating to a proposed follow-on public offering of the Company's ordinary shares, to be delivered in the form of American Depositary Shares. Evaxion also intends to grant the underwriters a 30-day option to purchase up to an additional fifteen percent of the ADSs offered in the follow-on public offering. The number and price of the securities to be sold in the offering has not yet been determined. The Company listed on the Nasdaq Capital Market in the United States on February 5, 2021 and trades under the symbol "EVAX". ADSs are U.S. dollar-denominated negotiable instruments issued by a depositary bank that facilitates U.S. trading and investment in shares of non-U.S. companies. Each ADS represents the right to receive one ordinary share.
|
DKNG GMVHF | Hot Stocks07:52 EDT DraftKings 'will not make firm offer' for Entain - DraftKings (DKNG) confirms that, following further analysis and discussions with the Entain board of directors, it will not make a firm offer for Entain (GMVHF). Commenting on this, Jason Robins DraftKings CEO, Co-Founder and Chairman of the Board said: "After several discussions with Entain leadership, DraftKings has decided that it will not make a firm offer for Entain at this time. Based on our vertically-integrated technology stack, best-in-class product and technology capabilities and leading brand, we are highly confident in our ability to maintain a leadership position and achieve our long-term growth plans in the rapidly growing North America market." As a result of this announcement, DraftKings is bound by the restrictions under Rule 2.8 of the Code for six months following the date of this announcement. For the purpose of Rule 2.8 of the Code, DraftKings reserves the right to set aside the above statement and the restrictions in Rule 2.8 of the Code in the following circumstances: with the agreement of the board of directors of Entain; following the announcement of a firm intention to make an offer for Entain by or on behalf of a third party; following the announcement by Entain of a "whitewash" proposal or a reverse takeover; or where the Takeover Panel has determined that there has been a material change of circumstances.
|
MOGO... | Hot Stocks07:46 EDT Mogo launches 'green' bitcoin - Mogo (MOGO) has launched 'green' bitcoin (BTC), an initiative which makes all bitcoin purchased on the Mogo platform climate positive. For every bitcoin purchased through its platform, Mogo will plant enough trees to completely offset the CO2 emissions produced by mining that bitcoin. This initiative, believed to be the first of its kind, also includes all bitcoin currently held by members on the platform.
|
VSTA | Hot Stocks07:45 EDT Vasta enters distribution agreement for Mackenzie Learning System - Vasta Platform announces that it has executed on October 25, 2021, through its wholly-owned subsidiary Somos Sistemas de Ensino S.A., a distribution agreement with Instituto Presbiteriano Mackenzie, pursuant to which Vasta will be the sole and exclusive distributor of the Mackenzie Learning System across all of the basic education segments in Brazil that it serves. The Mackenzie Learning System is a Christian confessional education system with strong roots in Brazil. Pursuant to the distribution agreement, Mackenzie shall remain responsible for the development of the didactic and learning materials of the Mackenzie Learning System and the definition of the pedagogy and methodology. Vasta shall be responsible for pedagogic services, technological products and all services relating to the commercialization and expansion of the Mackenzie Learning System brand. The Agreement will start in 2022, in a long-term basis.
|
LMT | Hot Stocks07:41 EDT Lockheed Martin announces reassessment of five-year business plan - "During the third quarter, the men and women of Lockheed Martin continued to deliver essential products and capabilities for domestic and allied national defense, and for pioneering civil space endeavors," said Lockheed Martin Chairman, President and CEO James Taiclet. "At the same time, we continued to advance the state of the art and innovation across key technologies, including Future Vertical Lift, Integrated Air and Missile Defense, hypersonic weapon systems, next generation satellites, and many others. In addition, we have recently undertaken a reassessment of our five-year business plan given recent external and programmatic events. Our conclusions, which are reflected in our updated 2021 guidance and subsequent trend information, reflect continuing strong cash flow generation, but a slight reduction in revenue in 2022 and roughly flat to low-single-digit growth rates in both revenue and segment operating profit over the next few years, with increasing growth opportunities in the years that follow. Consequently, we are adjusting our capital allocation strategy with two major objectives. First, to expand further our robust reinvestment in the company to serve our customers' evolving needs through capital projects and independent research and development for mid- to long-term enhanced growth performance. Simultaneously, we plan to reward shareholders with continued dividend growth and meaningful increases to the scale and rate of our share repurchase program. Over the short-, mid- and long-term, we will strive to maximize cash flow per share dynamically, based on revenue growth opportunities, inorganic investments, and share repurchases to take full advantage of our significant cash flow generation and strong balance sheet."
|
TLRY | Hot Stocks07:41 EDT Tilray selected by Luxembourg Ministry of Health as supplier of GMP cannabis - Tilray announced it has been selected by the Luxembourg Ministry of Health as a supplier of Good Manufacturing Practice, or GMP, certified medical cannabis products for the country's medical cannabis program. Following this selection, Tilray will supply a variety of its pharmaceutical-grade medical cannabis products, including extracts and dried flower with different degrees of THC and CBD for patients with varying medical conditions. These prescription-based medical cannabis products will be administered to qualifying patients in Luxembourg under the supervision of physicians.
|
SHYF | Hot Stocks07:38 EDT Shyft Group's Utilimaster awarded $53M order from USPS - Utilimaster has been awarded a $53MM contract from the U.S. Postal Service, or USPS, for 447 Utilimaster truck bodies to be used for bulk mail delivery. Utilimaster - a go-to-market brand of The Shyft Group's Fleet Vehicles & Services business unit North America's leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle markets - delivers dependable, efficient utility vehicles specifically designed to meet customers' exacting requirements and help them reach their business goals. This USPS order is in addition to the previous $214M multi-year contract for more than 2,000 vehicles, which was completed during the Q3 of 2019. The USPS order will be built on both cab-over and cab-behind chassis, featuring 18- and 24-feet long bodies. The order is expected to be manufactured during the second quarter of 2022 and will be completed in 2023.
|
CYBN | Hot Stocks07:38 EDT Cybin announces FDA authorization of IND for Kernal's Flow study of ketamine - Cybin announced that the U.S. Food and Drug Administration has authorized an Investigational New Drug application to proceed with the Company's sponsored feasibility study using Kernel's Flow technology to measure ketamine's psychedelic effect on cerebral cortex hemodynamics. "The word psychedelic means 'mind-manifesting,' but what has been missing is useful 'mind-imaging'-the ability to dynamically trace the neural correlates of human conscious experience. Conventional neuroimaging just isn't dynamic enough to study the psychedelic experience in the brain as it happens. This study of ketamine's psychedelic effects while wearing headgear equipped with sensors to record brain activity could open up new frontiers of understanding," said Dr. Alex Belser, Cybin's Chief Clinical Officer. Leveraging Kernel's quantitative neuroimaging technology may lead to new frontiers in psychedelic therapeutics by enabling the acquisition of longitudinal brain activity before, during and after a psychedelic experience, providing quantification of what was previously subjective patient reporting. "Quantitatively measuring the brain within the context of a psychedelic experience is a promising frontier," said Bryan Johnson, founder and Chief Executive Officer of Kernel. "With Kernel Flow, Cybin's researchers can start putting numbers and quantification to subjective states of mind, including altered ones."
|
WFG | Hot Stocks07:37 EDT West Fraser Timber to acquire OSB mill in South Carolina for $280M - West Fraser Timber announced that it has entered into an agreement to acquire Georgia Pacific's oriented strand board, or OSB, mill near Allendale, South Carolina for approximately $280M. The transaction is anticipated to close following successful completion of U.S. regulatory reviews and satisfaction of customary conditions. Management will provide an update and further details about the transaction on West Fraser's third quarter earnings call on October 28. The Allendale facility, which initially began producing OSB in 2007, has been idle since late 2019 and has an estimated stated capacity of approximately 760M square feet. The company intends to invest an estimated $70M of additional capital to upgrade and optimize the facility in preparation for its restart and this upgrade is anticipated to take approximately nine months to complete. The mill is expected to directly employ approximately 135 people and be one of the lowest cost mills in the company's OSB portfolio after the optimization is complete and the mill has ramped up to full production, a process that typically takes 18-24 months after restart. West Fraser intends to finance the acquisition with cash on hand. The total investment for the Allendale acquisition is expected to be at a discount to the costs of an equivalent greenfield OSB mill while requiring a shorter time to initial production. Based on West Fraser's latest internal analysis, the returns of this mill acquisition and investment are expected to be commensurate with those for other capital projects of similar magnitude.
|
LMT | Hot Stocks07:37 EDT Lockheed Martin sees total net FAS/CAS pension benefit of $2.2B in FY22 - The company currently expects a total net FAS/CAS pension benefit of approximately $2.2 billion in 2022, which includes total expected U.S. Government cost accounting standards pension cost of approximately $1.8 billion and total expected financial accounting standards pension income of approximately $400 million. The estimated FAS pension income amount assumes a 2.75% discount rate (the same rate used for the remeasurement of the defined benefit pension plans impacted by the pension risk transfer transaction in the third quarter of 2021), a 10.0% return on plan assets in 2021, and a 6.5% expected long-term rate of return on plan assets in future years, among other assumptions. A change of plus or minus 25 basis points to the assumed discount rate, with all other assumptions held constant, would result in an incremental increase or decrease of approximately $10 million to the estimated net 2022 FAS/CAS pension benefit. A change of plus or minus 100 basis points to the return on plan assets in 2021 only, with all other assumptions held constant, would result in an incremental increase or decrease of approximately $15 million to the estimated net 2022 FAS/CAS pension benefit. The company does not expect to make any contributions to its qualified defined benefit pension plans in 2022. The company will complete the annual remeasurement of its postretirement benefit plans and update its estimated 2022 FAS/CAS pension adjustment on Dec. 31, 2021. The final assumptions, including the discount rate and actual investment return for 2021, may differ materially from those discussed above.
|
HUBB | Hot Stocks07:36 EDT Hubbell to sell Commercial, Industrial Lighting business for $350M - Hubbell Incorporated announced the execution of a definitive agreement to sell its Commercial and Industrial Lighting business to GE Current, a Daintree company, for a cash purchase price of $350M, subject to customary adjustments with respect to working capital and net indebtedness. The business designs, manufactures and sells LED lighting and control solutions for commercial and industrial customers and generated approximately $515M in sales in 2020. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first quarter of 2022. The Company expects to deploy net proceeds from the sale to accretive bolt-on acquisitions and share repurchases.
|
INMD | Hot Stocks07:35 EDT InMode sees FY21 non-GAAP EPS $1.91-$1.93, consensus $1.86 - Sees FY21 revenue $343M-$347M, consensus $341.03M. Sees FY21 Non-GAAP gross margin 84%-86% and Non-GAAP income from operations $165M-$167M.
|
PROG | Hot Stocks07:34 EDT Progenity reduces outstanding debt by $20.175M - Progenity announced that it has entered into privately negotiated agreements with certain non-affiliated holders of its existing 7.25% convertible senior notes due 2025 to exchange an aggregate of $20,175,000 principal amount of Notes for an aggregate of approximately 8,513,850 shares of its common stock, which number of shares of common stock includes shares in respect of the interest make-whole provisions of the indenture under which the Notes were issued. The exchange transactions are expected to close on or about October 26, 2021, subject to customary closing conditions. Progenity will not receive any cash proceeds from the exchange transactions. The reduction in debt achieved by this exchange transaction represents approximately 38% of the company's non-affiliated debt. Following the closing of the exchange transactions, approximately $137,125,000 in aggregate principal amount of Notes will remain outstanding, with terms unchanged, of which $103,500,000 is held by an affiliated holder, Athyrium Capital Management, LP. Progenity also agreed to issue an aggregate of approximately 427,804 shares of common stock to certain investors in consideration for a waiver of certain contractual lock-up provisions to which Progenity agreed in connection with prior offerings of its securities. Progenity will not receive any cash proceeds from the issuance of the waiver shares.
|
CFRX | Hot Stocks07:34 EDT ContraFect to present data on potential DLAs to treat pulmonary infections in CF - ContraFect announces it will be presenting a poster on the activity of direct lytic agents, DLAs, against common Gram-negative pathogens responsible for pulmonary infections in Cystic Fibrosis, CF, patients at the North American Cystic Fibrosis Conference, which will be held virtually from November 2-5, 2021. Poster presentation at NACFC 2021: "Direct Lytic Agents, a Novel Family of Antimicrobial Agents, Exert Potent in vitro Bactericidal Activity Against Gram-negative Pathogens Which Cause Pulmonary Infections in CF Patients, Including Pseudomonas aeruginosa, Stenotrophomonas maltophilia, and Achromobacter xylosoxidans."
|
TRP | Hot Stocks07:33 EDT TC Energy releases 2021 report on sustainability, GHG emissions reduction plan - TC Energy announced the release of its 2021 Report on Sustainability, ESG Data Sheet and GHG Emissions Reduction Plan. "These reports illustrate our continued commitment and contributions to creating a more sustainable and inclusive world as we participate in the energy transition," said Francois Poirier, TC Energy's President and Chief Executive Officer. "We will continue to progress the sustainability issues that matter most to us and our stakeholders, including reducing our greenhouse gas emissions intensity, committing to actions to advance reconciliation, and developing innovative energy solutions for the future." The 2021 Report on Sustainability and ESG Data Sheet expand on the 10 foundational sustainability commitments established in 2020 and now include 32 specific and measurable targets across all these commitments. The new GHG Emissions Reduction Plan provides additional transparency, sharing five key focus areas and a roadmap to achieve net zero by 2050. 2021 ESG target highlights: "Announcing new targets to reduce GHG emissions intensity from our operations by 30% by 2030 and position to achieve net zero emissions from our operations by 2050; Advancing our commitment to Indigenous peoples as part of the Reconciliation Action Plan with a focus on Indigenous representation and education; and Expanding our safety program to include advancements in targets for mental health and psychological health and safety," the company said.
|
PRVB | Hot Stocks07:32 EDT Provention Bio reports results from PROVENT study of PRV-101 - Provention Bio announced positive interim results from PROVENT, or PROtocol for coxsackievirus VaccinE in healthy voluNTeers, a first-in-human study of PRV-101, a polyvalent inactivated coxsackievirus B, or CVB, vaccine candidate targeting all five key CVB strains associated with type 1 diabetes, or T1D, autoimmunity. Provention is developing PRV-101 for the prevention of acute CVB infection and the potential delay or prevention of T1D and celiac disease. In this interim analysis, PRV-101 met the primary endpoint demonstrating that it was well tolerated in this study, with no treatment-emergent Serious Adverse Events, Adverse Events of Special Interest, or Adverse Events that led to study drug discontinuation or study withdrawal. PRV-101 also met the secondary efficacy endpoint as it induced high titers of viral-neutralizing antibodies against all CVB serotypes included in the vaccine in a dose- dependent fashion. PRV-101, licensed from Vactech Oy, is designed to prevent acute CVB infections and, in individuals at increased risk due to genetic susceptibility, to prevent CVB-triggered autoimmune damage to pancreatic beta cells that often progresses to T1D and damage to intestinal cells that may lead to celiac disease.
|
ACRHF | Hot Stocks07:23 EDT Acreage Holdings COO Robert Daino to retire - Acreage Holdings announced that COO, Robert Daino, will retire on March 31, 2022. The Company has launched a national search for Mr. Daino's replacement, and he will continue in his position until his retirement date to help ensure an orderly and efficient transition of responsibilities to his successor.
|
MF | Hot Stocks07:21 EDT Keep launches its healthy snacks on Missfresh platform - Mobile fitness app Keep has launched its range of healthy snacks on Missfresh's on-demand online retail platform, leveraging the neighborhood retail company's fast delivery logistics network in 17 first- and second-tier cities across China. The range comprises five products: KEEP Dark Chocolate with High Protein and Fiber, KEEP Dark Chocolate with Mengba Sugar, KEEP Daily Protein Bar, KEEP Chicken Breast with Egg White, and KEEP Vegetable Beef Pie.
|
HSSHF | Hot Stocks07:20 EDT Digihost Technology announces effective date of share consolidation - Digihost Technology announces that the Company will effect the consolidation of its outstanding subordinate voting shares and proportionate voting shares, as previously announced on October 5, 2021, on the basis of three pre-consolidation Shares for every one post-consolidation Share. Any fraction of a Share will be rounded down to the nearest whole number. The Shares will begin trading on the TSX Venture Exchange on a consolidated basis and with a new CUSIP number on October 28, 2021. As a result of the Consolidation, the outstanding Shares of the Company will be reduced to approximately 25,029,610 Shares. The Company has effected the Consolidation to facilitate a proposed listing of its subordinate voting shares on the Nasdaq Capital Market and satisfy the minimum share price requirement set by Nasdaq. The Company is pursuing a Nasdaq listing to enhance its investor profile and increase liquidity for its shareholders. The listing of the Company on Nasdaq remains subject to the approval of Nasdaq and the satisfaction of all applicable listing and regulatory requirements. As a result, there can be no assurances that Digihost's shares will be listed on Nasdaq. Digihost expects to retain its listing on the TSX Venture Exchange under the symbol "DGHI" and, until Digihost shares are listed on Nasdaq, on the OTCQB under the ticker symbol "HSSHF". The Company will not be changing its name or trading symbol in connection with the Consolidation.
|
BCYC RHHBY | Hot Stocks07:20 EDT Bicycle Therapeutics, Genentech team to develop immuno-oncology therapies - Bicycle Therapeutics (BCYC) announced that Genentech, a member of the Roche Group (RHHBY), has exercised an option to initiate a new program, expanding the exclusive strategic collaboration agreement with Bicycle to discover, develop and commercialize novel Bicycle-based immuno-oncology therapies. Bicycle and Genentech are collaborating on the discovery and pre-clinical development of novel Bicycle-based immunotherapies against multiple targets. Pursuant to the terms of the February 2020 agreement, Genentech has exercised an option to include a new program under the agreement, triggering a $10M payment to Bicycle. None of the compounds in Bicycle's wholly owned oncology pipeline, including its immuno-oncology candidates, are included in the collaboration. "We are pleased both with the progress achieved so far in our ongoing work with Genentech and that Genentech has elected to exercise an option to add a new program under the collaboration. We believe the expansion of our collaboration underscores the potential utility of Bicycles compared to other modalities, as well as the potential broad applicability of Bicycles in a wide-range of targets," said Kevin Lee, Ph.D., Chief Executive Officer of Bicycle Therapeutics. "We look forward to continuing to work closely with the preeminent immuno-oncology team at Genentech to develop potential new cancer treatments based on Bicycles."
|
MNMD | Hot Stocks07:20 EDT MindMed expands pipeline with the launch of R-MDMA development program - Mind Medicine announced an expansion of its pipeline with the launch of a program to develop R-MDMA for the treatment of social anxiety and functioning in diagnoses that include Autism Spectrum Disorder, or ASD. Social anxiety and impairments in social functioning are hallmarks of ASD, which occurs in approximately 2% of individuals in the US. At present, there are no approved therapies for the core symptoms of ASD and there remains a significant unmet need for novel therapies to support people with ASD. The economic cost of ASD in the US is predicted to reach $461B by 2025, highlighting the need and opportunity for novel interventions. Beyond ASD, approximately 12% of the US general population experience Social Anxiety Disorder at some point in their lives, according to the National Institute of Mental Health.
|
BABYF | Hot Stocks07:18 EDT Else Nutrition announces date for special investors conference - ELSE NUTRITION HOLDINGS provides an update on its upcoming investors conference. Due to the COVID-19 travel and assembly restrictions in the U.S., the company will host a virtual online event for investors and shareholders on November 18th, 2021 at 11am EST. Final registration and RSVP links will be provided separately.
|
MQ | Hot Stocks07:17 EDT Amount and Marqeta announce partnership - Amount and Marqeta announced the first virtual card and loan origination partnership to help banks rapidly enter the buy now, pay later, or BNPL, space. The partnership alleviates the digital tools gap that prevents many banks from entering the BNPL space, allowing them to go to market in months with a BNPL offering and virtual card that drives revenue, captures market share and increases loyalty online and in-stores. Money spent through the BNPL market is expected to nearly quadruple - a 274% increase - between 2021 and 2026.
|
AVRO | Hot Stocks07:17 EDT Avrobio appoints Essra Ridha, M.D as Chief Medical Officer - Avrobio announced the appointment of Essra Ridha, M.D., MRCP, FFPM, as chief medical officer. "Dr. Ridha brings wide-ranging expertise in early- and late-stage clinical development of ex vivo lentiviral gene therapies. As vice president, clinical development at AVROBIO, she has guided the strategic and scientific development of several AVROBIO gene therapy programs.," said the company.
|
GXO | Hot Stocks07:15 EDT GXO Logistics, Saks launch direct-to-consumer ecommerce logistics hub - GXO Logistics and Saks announced that the new GXO e-fulfillment center in Middletown, Pennsylvania, has begun shipping directly to customers nationwide as part of an innovative strategy to meet the surge in demand for luxury fashion heading into the holiday shopping season. The e-fulfillment center represents the first time the two companies have collaborated. Saks is using GXO Direct, a shared space distribution network that enables businesses to position inventory close to target customers while reducing fixed costs and transit times. The solution helps lower shipping miles and CO2 emissions by reducing the need for expedited air transportation while providing flexibility for rapid shifts in inventory as demand changes. The facility will deploy GXO's advanced automation, including collaborative robots, to optimize efficiency, improve accuracy and enhance the employee experience. "Our new Middletown e-fulfillment center allows us to respond to Saks' ecommerce needs with speed and agility, which is particularly important at peak times such as the run-up to the holidays," said Bill Fraine, GXO's Chief Commercial Officer. "GXO Direct is designed to leverage our scale, capacity and innovation to give companies unprecedented flexibility in serving their customers. We believe it will continue to help drive growth for GXO."
|
WM | Hot Stocks07:15 EDT Waste Management sees FY21 revenue growth 17% -17.5% - Total Company revenue growth in 2021 is expected to be between 17% and 17.5%. Combined internal revenue growth from yield and volume in the collection and disposal business is expected to be about 6.5%, driven by the Company's disciplined pricing programs and strong outlook for continued volume recovery. Adjusted operating EBITDA is expected to be between $5.0 billion and $5.1 billion in 2021. Free cash flow is projected to be between $2.5 billion and $2.6 billion in 2021.The Company is on target to capture between $80 million and $85 million in cost synergies in 2021 from the acquisition of Advanced Disposal, which is on track to achieve $150 million in total annual run-rate synergies from cost and capital savings. The Company expects to repurchase an additional $350 million of its common stock in 2021, exhausting the full $1.35 billion of share repurchases previously authorized.
|
ROKU NLSN | Hot Stocks07:14 EDT Roku measurement system now available in Nielsen Digital Content Ratings - Roku (ROKU) and Nielsen (NLSN) announced that as of October, Roku has now enabled publishers to measure channel content on Roku devices within Nielsen Digital Content Ratings. Digital Content Ratings provides access to deduplicated reach and demographic insights for channels on Roku devices to identify which programs most effectively reach key audiences. This increase in coverage helps content owners and advertisers navigate the expanding world of TV streaming and is a major milestone on the path to Nielsen ONE, Nielsen's transformative, cross-media solution that will enable advertisers and publishers to transact using a single metric across linear and digital television.
|
SPGI INFO | Hot Stocks07:14 EDT S&P Global anticipates closing IHS Markit merger in 1Q22 - S&P Global said, "The company continues to make progress on the merger with IHS Markit as the regulatory path to closing is becoming clearer. The UK and European regulators have now announced their views on the transaction. S&P Global and IHS Markit have committed to divest S&P Global's CUSIP Global Services and Leveraged Commentary and Data, together with a related family of leveraged loan indices, as well as IHS Markit's Oil Price Information Services, Coal, Metals & Mining, PetroChem Wire, and Base Chemicals businesses. Based on the regulatory feedback and these divestitures, we now anticipate closing during the first quarter of 2022."
|
KRYS | Hot Stocks07:13 EDT Krystal Biotech announces completion of the GEM-3 Phase 3 study evaluating B-VEC - Krystal Biotech announced that the last participant has completed the 26-week dosing period and 30-day safety follow up visit in the GEM-3 study, Krystal's pivotal Phase 3 clinical trial evaluating investigational beremagene geperpavec as a topical gene therapy for the treatment of dystrophic epidermolysis bullosa, DEB. DEB is a rare, genetic skin disease that causes skin to tear or blister from minor contact and is caused by a lack of functional type VII collagen protein in the skin. "We want to express our gratitude to the trial participants, their families, the clinical investigators and their coordinators for their participation and commitment that enabled us to complete this study in a timely manner during such a challenging year," said Suma Krishnan, Chief Operating Officer of Krystal Biotech. "We remain on track to announce topline data from the trial this quarter, and if positive, we will work expeditiously to complete regulatory filings with the FDA and EMA with the goal of bringing a topical, genetically corrective therapy to patients living with DEB."
|
LHDX | Hot Stocks07:12 EDT Lucira Health CHECK IT COVID-19 test kit available for online purchase - Lucira Health announced that its LUCIRA CHECK IT COVID-19 Test Kit, a self-administered PCR quality, single-use, at home molecular diagnostic test for COVID-19, is again available for online purchase. "We are excited that during the ongoing uncertainty we can again support the need for an easy to use, at home, accurate testing option that produces PCR quality results on-the-spot," said Erik Engelson, Chief Executive Officer. "We continue to see an increased need for our LUCIRA CHECK IT COVID-19 test kit and reopening our online sales channel via our website allows for greater access to our product." Each single-use test kit costs $75. The test kit, authorized for emergency use by FDA under EUA, is available over the counter, and can produce a positive result in as little as 11 minutes, or a negative result within 30 minutes. After testing, users can also access a free, text based digital LUCI PASS verified test result on their phone for work or travel.
|
ALKS... | Hot Stocks07:12 EDT Alkermes begins ARTISTRY-7 phase 3 trial - Alkermes announced the initiation of ARTISTRY-7, a global phase 3, open-label, randomized trial evaluating the anti-tumor activity and safety of intravenously administered nemvaleukin alfa, or nemvaleukin, in combination with pembrolizumab, compared to investigator's choice chemotherapy, in patients with platinum-resistant ovarian cancer. Nemvaleukin, Alkermes' lead immuno-oncology candidate, is a novel, investigational, engineered interleukin-2 variant immunotherapy. As previously announced, ARTISTRY-7 is being conducted in collaboration with MSD, a tradename of Merck & Co. (MRK), which is providing KEYTRUDA for the study. In addition, Alkermes is working with The GOG Foundation, (GOOG) and the European Network of Gynaecological Oncological Trial groups, or ENGOT, to conduct the study. The FDA recently granted Fast Track designation to nemvaleukin in combination with pembrolizumab for the treatment of platinum-resistant ovarian cancer.
|
BCRX | Hot Stocks07:11 EDT BioCryst to present new ORLADEYO data at ACAAI - BioCryst Pharmaceuticals announced that the company will present four abstracts, including one Distinguished Industry Oral Abstract, on oral, once-daily ORLADEYO for the prophylactic treatment of hereditary angioedema, HAE, at the Annual Scientific Meeting of the American College of Allergy, Asthma & Immunology, ACAAI. The meeting will take place in New Orleans, Louisiana, and online, from November 4-8, 2021. "We are pleased to present additional data from our pivotal clinical trials that support how ORLADEYO is transforming the HAE treatment landscape," said Dr. William Sheridan, chief medical officer of BioCryst. "As demonstrated by the consistency in our previously reported long-term data and in real-world evidence since we launched ORLADEYO, there continues to be a strong desire among many patients to switch to an oral, once-daily prophylactic treatment to reduce the burden of treatment and increase the control of HAE attacks. We look forward to presenting our latest findings at ACAAI."
|
CEQP | Hot Stocks07:10 EDT Crestwood Equity trading resumes
|
PRCT | Hot Stocks07:09 EDT Procept BioRobotics appoints Elisabeth Sandoval to board of directors - PROCEPT BioRobotics announced the appointment of Elisabeth Sandoval to its Board of Directors. Sandoval currently serves as a consultant to the pharmaceutical industry and is a member of the board of directors of Intersect ENT, Satsuma Pharmaceuticals, and Vyne Therapeutics. She is also on the Board of privately held Alastin Skincare. With the appointment of Ms. Sandoval, the Board of Directors of PROCEPT BioRobotics Corporation increased the number of directors on the Board to nine members.
|
AAN | Hot Stocks07:09 EDT Aaron's raises FY21 revenue view to $1.820B-$1.830B from $1.775B-$1.800B - Consensus is for FY21 revenue $1.8B. Sees FY21 Adjusted EBITDA $225M-$230M. The company said, "For the FY21 updated outlook, we have assumed an effective tax rate for 2021 of approximately 26%, depreciation and amortization of approximately $70M and a diluted weighted average share count of approximately 34 million shares. We have lowered our 2021 annual free cash flow outlook to between $30M and $40M primarily as a result of incremental lease merchandise purchased during the third quarter. This outlook assumes no significant deterioration in the current retail environment, state of the U.S. economy or global supply chain as compared to its current condition."
|
HYFM | Hot Stocks07:08 EDT Hydrofarm announces closing of senior secured term loan - The Company announced that it has entered into a new $125.0 million senior secured term loan facility. The Term Loan bears interest at a rate of either LIBOR plus 5.50%, or an alternate base rate (with a 2.00% floor) plus 4.50% and matures on October 25, 2028. Hydrofarm intends to use the net proceeds from the Term Loan to fund the cash portion of the IGE purchase price and for general corporate purposes, which may include, among other things, repaying any outstanding balance under the Company's existing revolving credit facility and funding future M&A opportunities. Should additional capital needs arise, Hydrofarm can, per the terms of the Term Loan agreement, seek to upsize the facility. JPMorgan Chase Bank, N.A. acted as sole lead arranger and bookrunner for the Term Loan.
|
WRK | Hot Stocks07:08 EDT WestRock announces CFO Ward Dickson retiring, d Alexander Pease to succeed - WestRock announced that Ward Dickson will retire as executive vice president and chief financial officer, effective November 30. In addition, the company announced Alexander Pease will succeed Dickson as WestRock's executive vice president and chief financial officer.
|
ULBI | Hot Stocks07:08 EDT Ultralife awarded $4.2M communications systems Leader Radio order - Ultralife has been awarded a purchase order valued at approximately $4.2M to supply its Vehicle Amplifier-Adaptors, VAA, to Thales Defense & Security for the U.S. Army's Leader Radio program. Shipments are expected to commence in 2022. "We are delighted to receive this follow-on order that attests to the effectiveness of our new product development strategy of designing and building technically advanced, integrated communication systems devices in collaboration with our strategic partners," said Michael Popielec, Ultralife's President and Chief Executive Officer. "With the U.S. Army's decision to go into full rate production, we look forward to our continued participation in this multi-year program."
|
HYFM | Hot Stocks07:08 EDT Hydrofarm to acquire Innovative Growers Equipment for $58M - Hydrofarm Holdings announced it has entered into an agreement to acquire Illinois-based Innovative Growers Equipment, a manufacturer of horticulture benches, racking and LED lighting systems. The addition of the IGE commercial equipment product range complements Hydrofarm's existing lineup of high performance, proprietary branded products. Hydrofarm will fund the total purchase price of approximately $58.0 million using a combination of cash, the Company's credit facilities and approximately $11.6 million in HYFM common stock. Under the terms of the transaction agreement, IGE will become a wholly owned indirect subsidiary of Hydrofarm Holdings Group, Inc. The transaction is expected to close in early November 2021. Hydrofarm expects IGE to generate approximately $48.0 million in net sales in 2021, representing significant growth from the prior year. Hydrofarm has historically distributed IGE products, representing approximately 7% of IGE's total net sales. Based on an estimated Nov 1st closing date, the Company expects IGE to contribute approximately an incremental $6.0 million in net sales and less than $1.0 million in Adjusted EBITDA in fiscal 2021. The transaction is expected to be accretive to Hydrofarm, as the Company will now pick up IGE's manufacturing profit margin profile, in addition to the portion of IGE sales that it did not previously represent. The transaction represents an acquisition multiple of approximately 7x IGE's estimated 2021 Adjusted EBITDA, excluding synergies.
|
PTGX JNJ | Hot Stocks07:07 EDT Protagonist Therapeutics earns $7.5M milestone payment from Janssen Biotech - Protagonist Therapeutics (PTGX) announced that it will receive a $7.5M milestone payment from Janssen Biotech (JNJ) triggered by the completion of the clinical data collection-related Phase 1 activities for PN-235. This investigational drug candidate is one of the three IL-23 receptor antagonists that are part of Protagonist's collaboration agreement with Janssen, which provides for concurrent development of multiple oral IL-23 receptor antagonists against a broad range of indications.
|
OAS... | Hot Stocks07:07 EDT Oasis Midstream Partners to merge with Crestwood Equity - Oasis Petroleum (OAS) announced that Oasis Midstream Partners (OMP) has entered into a definitive agreement under which it will merge with Crestwood Equity (CEQP). Under the terms of the agreement, Oasis, as a unitholder of OMP, will receive $160M in cash in addition to approximately 21.0M common units of CEQP in aggregate in exchange for its 33.85M OMP common units and non-economic general partner stake. Public OMP unitholders will receive 0.87 units of Crestwood common units for each unit of OMP owned. In the aggregate, the total consideration represents an at-the-market transaction based on the closing prices for OMP and Crestwood on October 25 and implies an enterprise value for the combined companies of approximately $6.9B. Upon completion of the transaction, Oasis will own approximately 21.7% of Crestwood common units. In connection with the transaction, Oasis will receive the right to appoint two representatives to the Crestwood board of directors, subject to on-going ownership thresholds. Oasis fully supports this transaction and has executed a support agreement with respect to the transaction. This transaction has been unanimously approved by the board of directors of both Crestwood and Oasis and has also been unanimously approved by the board of directors and conflicts committee of the general partner OMP. The transaction is expected to close in the first quarter of 2022 and is subject to the satisfaction of customary closing conditions, including regulatory approvals.
|
EYEG | Hot Stocks07:06 EDT EyeGate closes acquisition of Bayon Therapeutics, appoints Daniels as CDO - EyeGate Pharmaceuticals announced that it has completed the planned acquisition of Bayon Therapeutics and has appointed Eric Daniels, MD, MBA, as its Chief Development Officer, or CDO, effective as of October 21, 2021. Dr. Daniels will drive ongoing development of EyeGate's pipeline of novel treatments for eye disease. This includes overseeing the development of a potential vision-restoring small molecule from Bayon, B-203, which acts as a 'molecular photoswitch' specifically designed to restore vision in patients with inherited and age-related degenerative retinal diseases. Under the terms of the definitive agreement, EyeGate acquired all of the outstanding shares of Bayon, and Bayon became a wholly owned subsidiary of EyeGate. At closing, EyeGate issued a total of 33,798 common shares to the stockholders of Bayon, who will also be eligible to receive up to $7.1M in additional payments upon the achievement of successive milestones based on clinical trial data and regulatory approval of Bayon products. The milestone payments may be paid, at EyeGate's discretion, either in shares of common stock or in cash, subject to limitations set forth in the definitive agreement.
|
ASLN | Hot Stocks07:04 EDT Aslan Pharmaceuticals expects cash to fund operations through late 2023 - Cash and cash equivalents totalled $100.5M as of September 30, 2021, compared to US$94.1 million as of June 30, 2021, and $14.3M as of December 31, 2020. Management believes that ASLAN's cash and cash equivalents will be sufficient to fund operations through late 2023.
|
ASLN | Hot Stocks07:03 EDT Aslan Pharmaceuticals announces anticipated upcoming milestones - First patient enrolment in global Phase 2b trial of ASLAN004 for AD expected in the fourth quarter of 2021. Initiation of Phase 2 trial of ASLAN003 in inflammatory bowel disease expected in the first half of 2022.
|
OAS CEQP | Hot Stocks07:03 EDT Oasis Midstream Partners to merge with Crestwood Equity Partners in $1.8B deal - Crestwood Equity Partners LP (CEQP) and Oasis Midstream Partners LP (OMP) announced that they have entered into a definitive merger agreement under which Crestwood will acquire Oasis Midstream in an equity and cash transaction valued at approximately $1.8 billion including the assumption of debt. The transaction will largely be equity financed with approximately 33.8 million of newly issued Crestwood common units and $160 million of cash consideration. The transaction is expected to close in the first quarter 2022, subject to customary closing conditions. Public OMP unitholders will receive 0.87 units of Crestwood common units for each unit of OMP owned. In the aggregate, the total consideration represents an at-the-market transaction based on the closing prices for OMP and Crestwood on October 25, 2021, and implies an enterprise value for the combined companies of approximately $6.9B. Upon completion of the transaction, Oasis will own approximately 21.7% of Crestwood common units. "We are pleased to reach this agreement, which represents an outstanding outcome for Oasis shareholders and OMP unitholders. This transaction creates a combined midstream company well positioned to drive future value with enhanced scale and customer and basin diversification," said Danny Brown, Oasis' Chief Executive Officer. "Crestwood is a highly regarded, diversified midstream operator with a large footprint in the Williston Basin, making it the ideal midstream partner with the expertise and team to handle a large portion of Oasis' hydrocarbons and produced water. The combination of OMP and Crestwood immediately enhances value for Oasis shareholders while increasing transparency with deconsolidated financial reporting, highlighting the Company's E&P operations. Oasis is now well positioned to further participate in industry consolidation opportunities. Additionally, Oasis expects to benefit from its remaining ownership in the new Crestwood which, following this accretive merger, will be a larger, more diversified midstream entity with a strong balance sheet and an attractive outlook. For OMP unitholders, the transaction delivers compelling value, and the opportunity to participate in the upside potential and attractive distributions of the new Crestwood."
|
CEQP | Hot Stocks06:55 EDT Crestwood Equity trading halted, news pending
|
BDX AMZN | Hot Stocks06:53 EDT Becton Dickinson starts shipments of OTC COVID-19 rapid antigen test - Becton Dickinson (BDX) announced it has started to ship the first over-the-counter, or OTC, COVID-19 rapid antigen test to use computer vision technology in a smartphone to interpret testing results, and the test is now available for purchase online in Amazon's (AMZN) store.
|
SQZ | Hot Stocks06:50 EDT SQZ Biotechnologies provides update on Phase 1/2 clinical trial SQZ-PBMC-HPV-101 - SQZ Biotechnologies announced that the independent Data and Safety Monitoring Board, or DSMB, for the Phase 1/2 clinical trial SQZ-PBMC-HPV-101 has recommended that the trial advance into the combination stage with checkpoint inhibitors. In June, the company presented initial results from the first three monotherapy cohorts at the American Society of Clinical Oncology annual meeting demonstrating that the investigational cell therapy is safe and well-tolerated and can stimulate immune responses in certain patients with advanced or metastatic human papillomavirus positive tumors. Data from the highest dose monotherapy cohort has been accepted for oral presentation at the European Society for Medical Oncology Immuno-Oncology Congress being held December 8-11. The combination stage of the trial is now open for enrollment and will include checkpoint inhibitors targeting the PD-(L)1 and CTLA-4 pathways. In parallel, the company plans to continue to enroll in the highest dose monotherapy cohort.
|
SPIR | Hot Stocks06:48 EDT Spire Global names Theresa Condor as COO - Spire Global announced that it has appointed Theresa Condor to COO. In her role, Condor will directly oversee Spire's Weather, Aviation, Earth Intelligence, and Space Services business units worldwide. Condor was formerly Executive Vice President and General Manager of Spire Space Services and Earth Intelligence. Prior to Spire, Condor worked in emerging markets finance.
|
GILD MRK | Hot Stocks06:48 EDT Gilead and Merck to begin Phase 2 clinical study of islatravir and lenacapavir - Gilead Sciences (GILD) and Merck (MRK), known as MSD outside the U.S. and Canada, announced the start of a Phase 2 clinical study evaluating an investigational once-weekly oral combination treatment regimen of islatravir and lenacapavir in people living with HIV who are virologically suppressed on antiretroviral therapy. Through the collaboration the companies seek to build on their legacies of transforming HIV care by focusing on long-acting therapies, which may represent a meaningful innovation in HIV drug development. Both islatravir and lenacapavir have long half-lives and have demonstrated activity at low dosages in independent clinical studies, which support the development as an investigational combination regimen with long-acting formulations, both oral and injectable. The Phase 2 study is designed to evaluate the safety and antiviral effect of an oral weekly regimen of Merck's investigational nucleoside reverse transcriptase translocation inhibitor, islatravir, in combination with Gilead's investigational capsid inhibitor, lenacapavir. The primary endpoint is the proportion of study participants with HIV-1 RNA viral load greater than or equal to 50 c/mL at Week 24.
|
QTRH | Hot Stocks06:47 EDT Quarterhill subsidiary awarded C$2M HDOT WIM contract - International Road Dynamics, a Quarterhill company, announced that the Hawaii Department of Transportation, or HDOT, has awarded the company a C$2M contract to supply a mainline weigh-in-motion, or WIM, sorting and electronic pre-clearance system at Kapalama on the island of Oahu. This agreement builds on IRD's relationship with HDOT. In addition to the WIM installation, the agreement will see IRD's initial deployment in Hawaii of its tire screening system that identifies unsafe trucks that have missing or underinflated tires and its container reader system that will give HDOT the ability to monitor container traffic entering the State.
|
MSCI | Hot Stocks06:47 EDT MSCI raises FY21 operating expense view to $955M-$975M from $920M-$940M - Cuts FY21 free cash flow view to $740M-$790M from $840M-$890M.
|
ARCH | Hot Stocks06:44 EDT Arch Resources to resume recurring 25c quarterly dividend - The quarterly cash dividend payment - which the board is initiating at 25c per share, or a total cash outlay of $3.8M- will commence in Q4 and will be paid on December 15 to stockholders of record on November 30. The company's dividend policy into 2022 is subject to board review, and future authorizations will be based on a number of factors, including but not limited to prevailing market conditions, the company's financial performance and liquidity profile, and other capital priorities, including debt and other liability reductions. "After successfully maintaining a solid financial position throughout the Leer South development, we now plan to use robust projected cash flows in coming quarters to restore our balance sheet to its pre-2020 strength," said Matthew Giljum, Arch's chief financial officer. "Given the inherent volatility in coking coal markets, we believe that returning to a position of minimal net debt is prudent. At the same time, our board of directors believes that the company's rapidly expanding cash-generation outlook - buoyed by the startup of Leer South, the step-up in coking coal prices, and the cultivation of a strong book of thermal sales commitments - makes this an appropriate time to resume a recurring quarterly dividend."
|
HGEN | Hot Stocks06:42 EDT Humanigen announces first patient dosed in PREACH-M clinical trial - Humanigen announced the first patient was dosed with lenzilumab in the Precision Approach to Chronic Myelomonocytic Leukemia, or PREACH-M, clinical trial being sponsored by the South Australian Health and Medical Research Institute, or SAHMRI, and funded by a Medical Research Future Fund grant from the National Health and Medical Research Council of the Australian government to the University of Adelaide. Humanigen is providing lenzilumab for use in the study through its Australian subsidiary, Humanigen Australia. "The prognosis for CMML is poor, with median survival of 30 months, and it has remained essentially unchanged over the past 30 years," said Associate Professor Daniel Thomas, the coordinating investigator for the trial and Associate Professor of Hematology at the University of Adelaide. "The overarching goal of the clinical trial is to improve response rates and survival. If we can improve response rates to 30%-50%, from the current 18% response rate normally seen in CMML patients treated with azacitidine, we think median survival may be increased to more than three years."
|
MMS | Hot Stocks06:37 EDT Maximus awarded $323M contract from SEC - Maximus announced that it has been awarded a contract from the SEC worth $323M. Under the 10-year contract, Maximus will expand its existing Enterprise EDGAR System Support Services to encompass the entire EDGAR system. The contract was awarded using the SEC OneIT IDIQ. The contract award expands the scope of work Maximus currently holds to include enterprise IT infrastructure, modernization, digital transformation, agile software development, and cybersecurity services for EDGAR. Under this contract award, Maximus will also continue to deliver comprehensive EDGAR application and ancillary system operations and maintenance as well as filer support. Maximus received the award as the incumbent through its acquisition of Attain, a longtime SEC partner, earlier this year.
|
HOOD | Hot Stocks06:37 EDT Cathie Wood's ARK Investment bought about 210.6K shares of Robinhood on Monday
|
SNAP | Hot Stocks06:36 EDT Cathie Wood's ARK Investment bought about 462.5K shares of Snap on Monday
|
DKNG | Hot Stocks06:35 EDT Cathie Wood's ARK Investment bought about 235.6K shares of DraftKings on Monday
|
TRTN | Hot Stocks06:33 EDT Triton International raises quarterly dividend 14% to 65c per share - Payable on December 23 to shareholders of record as of December 9.
|
LLY | Hot Stocks06:33 EDT Eli Lilly reports Q3 Alimta sales $457M, down 21% - The company said, "For the third quarter of 2021, worldwide Alimta revenue decreased 21 percent compared with the third quarter of 2020, to $457.0 million. U.S. revenue increased 2 percent, to $297.2 million, primarily driven by higher realized prices, partially offset by decreased demand and customer buying patterns. Revenue outside the U.S. decreased 44 percent to $159.8 million, primarily driven by decreased volume due to entry of generic competition and, to a lesser extent, lower realized prices. The company expects continued volume decline for Alimta as a result of the entry of generic competition due to the loss of patent exclusivity in Japan and major European markets. The company expects generic entrants in the U.S. beginning in the first quarter of 2022."
|
LLY | Hot Stocks06:32 EDT Eli Lilly reports Q3 Humalog sales $626.7M, down 5% - The company said, "For the third quarter of 2021, worldwide Humalog revenue decreased 5 percent compared with the third quarter of 2020, to $626.7 million. Revenue in the U.S. decreased 11 percent, to $347.3 million, driven by lower realized prices. Revenue outside the U.S. increased 5 percent, to $279.4 million, driven by the favorable impact of foreign exchange rates and increased volume, partially offset by lower realized prices."
|
LLY | Hot Stocks06:31 EDT Eli Lilly reports Q3 Trulicity sales $1.6B, up 45% - The company said, "Third-quarter 2021 worldwide Trulicity revenue was $1.600 billion, an increase of 45 percent compared with the third quarter of 2020. U.S. revenue increased 52 percent, to $1.201 billion, driven by increased demand and, to a lesser extent, higher realized prices due to segment mix, including lower utilization in the 340B program, unfavorable changes to estimates for rebates and discounts in the same period of 2020, and modest list price increases, which were partially offset by increased rebates to maintain access. Revenue outside the U.S. was $398.8 million, an increase of 26 percent, driven by increased volume and, to a lesser extent, the favorable impact of foreign exchange rates, partially offset by lower realized prices."
|
GE | Hot Stocks06:31 EDT GE Capital transition 'on track,' sees $1B of adjusted corporate costs in FY21 - Comments taken from Q3 earnings conference call presentation slides.
|
TRMR | Hot Stocks06:28 EDT Tremor International announces partnership with VIDAA for ACR data - Tremor International announced a global and exclusive strategic partnership with VIDAA, a smart TV operating system and content platform preinstalled on most TVs manufactured by Hisense, considered one of the top TV manufacturers in the world, and also integrated into a number of premium original equipment manufacturers including Toshiba. The agreement sees Tremor International's technology platform gain exclusive access to VIDAA's automatic content recognition data, both in the US and internationally. The agreement provides access to VIDAA's distribution, reaching approximately 20M smart TVs worldwide and expected to grow to more than 40M in coming years. Tremor International will bring VIDAA's ACR data into its TV Intelligence solution starting May 1, 2022, which will make Tremor International the only end-to-end technology platform with direct access to OEM ACR data for targeting purposes, outside the walled gardens. Following the integration into its TV Intelligence solution, Tremor International will have exclusive rights to the VIDAA ACR data in all global markets, and Tremor will activate in the US, Canada, UK, Germany, France, Italy, Spain, Portugal, Netherlands, Australia and Japan. The data will be available for activation by both advertiser and publisher clients, through the two pillars of Tremor International's end-to-end platform: Tremor Video and Unruly. In addition to targeting, Tremor Video and Unruly will offer proprietary measurement capabilities for TV Intelligence campaigns.
|
GE | Hot Stocks06:27 EDT GE reports Q3 Aviation revenue $5.4B, Health Care revenue $4.34B - Reports Q3 Power revenue $4.03B, Renewable Energy revenue $4.21B. Reports Q3 Industrial organic revenue $17.6B.
|
GE | Hot Stocks06:26 EDT General Electric CEO: Aviation building momentum, showing signs of recovery
|
GE | Hot Stocks06:25 EDT GE 'on track' to deliver high single digit FCF margins over time, Culp says - GE Chairman and CEO H. Lawrence Culp, Jr. said, "The GE team delivered another strong quarter. Orders grew, margins expanded, our overall cash performance was significantly better, and Aviation is building momentum and showing continued signs of recovery. The teams are managing through a challenging operating environment, including global supply chain disruptions and onshore wind market pressure due to the U.S. Production Tax Credit. Against that backdrop, we're raising our 2021 EPS expectations and narrowing our full-year free cash flow outlook." Culp continued, "Closing the GECAS transaction on November 1 will mark an important milestone in GE's transformation to a more focused, simpler, stronger high-tech industrial company. Our progress strengthening our balance sheet and operations enables us to drive long-term growth and value in our businesses. With leading positions in our markets, we are serving customers with vital equipment and services that shape the future of flight, advance precision health, and lead the energy transition. We remain on track to deliver high single-digit free cash flow margins over time."
|
GE | Hot Stocks06:25 EDT GE expects revenue growth, margin expansion, and higher free cash flow in 2022
|
GE | Hot Stocks06:24 EDT General Electric sees FY21 adjusted Industrial profit margin up 350+bps - Previously forecast 250+bps expansion. Now sees Industrial organic revenue flat vs. previous expectations of low single digit growth.
|
NLSN | Hot Stocks06:24 EDT Nielsen launches Nielsen Impact Score for college athletic programs - Following the NCAA's ruling earlier this year allowing collegiate athletes to benefit from their own name, image, and likeness, Nielsen has launched a new solution, the Nielsen Impact Score, or NIS, which will help universities recruit student-athletes by demonstrating the marketing value of each athletic program. The Duke University men's basketball team, five-time national champions and 16-time Final Four participants, is the first collegiate program to sign on and use the Nielsen Impact Score.
|
TRU | Hot Stocks06:23 EDT TransUnion to sell TransUnion Healthcare to nThrive for $1.735B in cash - TransUnion has signed a definitive agreement to sell TransUnion Healthcare to nThrive, a healthcare revenue cycle management software-as-a-service platform backed by Clearlake Capital Group, L.P. The transaction consideration is $1.735B in cash, and the transaction is expected to result in approximately $1.4B in after-tax proceeds at current tax rates. The parties are targeting to close the transaction in the fourth quarter of 2021, subject to the satisfaction of customary closing conditions and regulatory approvals. The proceeds will help TransUnion prepay debt and fund future M&A transactions that reinforce, extend and scale its core positions and which can be leveraged globally - such as the pending acquisitions of Neustar and Sontiq, both of which are expected to accelerate TransUnion's long-term revenue growth. Clearlake intends to combine TransUnion Healthcare with its portfolio company, nThrive, to strengthen its portfolio with powerful healthcare data and analytics capabilities that enable simple, efficient and accurate end-to-end RCM outcomes for healthcare providers and payers.
|
GE | Hot Stocks06:23 EDT General Electric now sees FY GE Industrial free cash flow $3.75B-$4.75B - Previously forecast $3.5B-$5B.
|
ALK | Hot Stocks06:22 EDT Alaska Air to collaborate with ZeroAvia to develop hydrogen powertrain - ZeroAvia announced a development collaboration with Alaska Air for a hydrogen-electric powertrain capable of flying 76-seat regional aircraft in excess of 500 NM. Alaska is also joining the list of investors for the company, alongside a fellow Seattle-based Amazon Climate Pledge Fund and Bill Gates's Breakthrough Energy Ventures. Alaska and ZeroAvia engineers will work together to scale the company's existing powertrain platform to produce the ZA2000, an engine family capable of producing between 2,000 and 5,000 kilowatts of power with a 500-mile range. The partnership will initially deploy ZeroAvia's hydrogen-electric propulsion technology into a full-size De Havilland Q400 aircraft, previously operated by Alaska Air Group subsidiary Horizon Air Industries, capable of transporting 76 passengers. ZeroAvia will also work with aircraft regulators during this project to ensure the aircraft meets both safety and operational requirements. ZeroAvia will set up a location in the Seattle area to support this initiative. Alaska has also secured options for up to 50 kits to begin converting its regional aircraft to hydrogen-electric power through ZeroAvia's zero-emission powertrain, starting with the Q400 aircraft.
|
GE | Hot Stocks06:22 EDT General Electric reports Q3 Industrial profit margin 5%
|
TRU | Hot Stocks06:22 EDT TransUnion to sell TransUnion Healthcare to nThrive for $1.735B in cash
|
GE | Hot Stocks06:21 EDT General Electric reports Q3 total orders $22.1B, up 42%; organic orders up 42%
|
TRU | Hot Stocks06:17 EDT TransUnion to acquire Sontiq for $638M - TransUnion has signed a definitive agreement to acquire Sontiq, a "leader" in digital identity protection and security. Headquartered in Nottingham, Md., Sontiq is expected to generate approximately $85M of revenue in 2021, and grow double-digits in the future driven by significant revenue synergies. Sontiq operates with an attractive Adjusted EBITDA margin of approximately 40% that is expected to increase as a result of high-margin revenue growth. TransUnion will acquire Sontiq for approximately 19 times expected FY2021 Adjusted EBITDA and expects the acquisition to be neutral to Adjusted Diluted EPS in 2022 and accretive thereafter. The transaction is expected to close in Q4 2021 subject to the satisfaction of customary closing conditions and regulatory approvals.
|
UBS | Hot Stocks06:15 EDT UBS CEO: Market, economic backdrop 'broadly positive' in Q3
|
UBS | Hot Stocks06:15 EDT UBS intends to repurchase up to $0.6B of shares during Q4
|
SBSI | Hot Stocks06:14 EDT Southside Bancshares expects positive impact from coupon redemption in Q4 - "On September 30, 2021, we redeemed our 5.5% coupon $100M subordinated notes due 2026, which will have a positive impact on our net interest margin in the Q4. We expensed $1.1M during the Q3 in connection with the redemption of the subordinated notes," stated Lee R. Gibson, President and CEO of Southside.
|
QK | Hot Stocks06:10 EDT Q&K International announces disposal of WFOE - Q&K International announced that it has sold all of its equity interest in Shanghai Qingke Investment Consulting Co., Ltd., which was a wholly-owned subsidiary of the company in China prior to the disposition, to Wangxiancai Limited, which is beneficially owned by the legal representative and executive director of one of the company's subsidiaries, a related party. The Former WFOE has a series of contractual arrangements with Shanghai Qingke E-commerce Co., Ltd, the company's former variable interest entity, through which the company carried out certain rental apartment operation business. The Disposal was performed to dedicate the company's business resources to operate higher-quality rental apartments through its subsidiaries in China. As a result of the Disposal, the company no longer conducts any operation through a variable interest entity. Chengcai Qu, the CEO of the company, said, "the Disposal will help us optimize our resources to focus on operating higher-quality rental apartments going forward. We will continue our efforts in the long-term apartment industry with this fresh start."
|
HTGC | Hot Stocks06:09 EDT Hercules Capital raises quarterly cash distribution to 33c per share - The distribution has a record date of November 10 with payment date of November 17.
|
GBX | Hot Stocks06:08 EDT Greenbrier announces Lorie Tekorius to succeed William Furman as CEO - Greenbrier announced that its board of directors appointed president and COO Lorie Tekorius, as the company's next CEO and president, effective March 1, 2022. On the same date, Greenbrier's co-founder, chairman and CEO William Furman will assume the newly created role of executive chair until his retirement. These actions continue the company's executive succession. As announced in July 2020, Furman will retire from all executive offices in September 2022. His current board term continues until January 2024. Tekorius joined Greenbrier in 1995. She has since risen through positions of increasing leadership and impact across the company, including strategic planning and roles interfacing with the commercial and manufacturing units. Prior to her appointment as president in 2019, she served as COO, and earlier as senior VP and CFO.
|
NVS | Hot Stocks06:06 EDT Novartis continues to expect FY21 core operating income to grow mid single digit - Novartis' 2021 group guidance is unchanged. Barring unforeseen events, the company expects net sales to grow low to mid single digit in constant currency and expects core operating income to grow mid single digit, ahead of sales, in constant currency. The company said: "Our guidance assumes that we see a continuation of the return to normal global healthcare systems including prescription dynamics, particularly oncology, in the remainder of the year. In addition, we assume that no Gilenya and no Sandostatin LAR generics enter in 2021 in the US. We are increasing our peak sales guidance for Cosentyx and Entresto, to at least $7B and at least $5B respectively."
|
PII | Hot Stocks06:06 EDT Polaris CEO expects supply chain to 'remain volatile into 2022' - Mike Speetzen, CEO of Polaris said, "Throughout the third quarter, the Polaris team displayed a high level of flexibility and demonstrated their commitment to delivering industry-leading products to our dealers and customers as quickly as possible. Retail sales were impacted by the substantial deterioration of the supply chain permeating the global economy, but continued interest and demand from existing riders and new customers advanced our market position, further illustrating Polaris' role as the global leader in Powersports. Despite total Company sales being flat for the quarter due to component shortages, we gained ORV share for the 4th straight quarter against the backdrop of a very difficult supply chain environment. We expect the supply chain will remain volatile into 2022, but with this team's tenacity, our strong brands, future product plans, and focused execution, I am excited by what the future holds for Polaris."
|
UPS | Hot Stocks06:01 EDT UPS raises FY21 adjusted operating margin view to 13% from 12.7% - For the full year in 2021, the company is raising its consolidated adjusted operating margin target to approximately 13.0% and expects adjusted return on invested capital to be around 29%. Capital expenditures are now planned to be approximately $4.2B and the company's effective tax rate is expected to be about 22.5%.
|
NVS | Hot Stocks05:59 EDT Novartis commences strategic review of Sandoz - Novartis said in a statement that it has commenced a strategic review of the Sandoz Division. The review will explore all options, ranging from retaining the business to separation, in order to determine how to best maximize value for shareholders, Novartis said.
|
ST | Hot Stocks05:57 EDT Sensata acquires SmartWitness, terms undisclosed - Sensata announced the acquisition of SmartWitness, a privately-held video telematics technology company for commercial fleets. The SmartWitness platform is comprised of proprietary software and hardware that is built for the indirect channel of resellers and telematics service providers. The company offers connected video telematics hardware, software, analytics, and support, including interfaces with more than 40 TSPs globally. Since 2017, SmartWitness has shipped more than 250,000 connected devices to fleet customers through its telematics channel partners, making its solutions among the most widely adopted within the industry. The company's solutions are used by fleets across several market segments, including commercial trucking, federal and municipal fleets, schools and public transit networks, and military and first responder vehicles. Financial terms of the transaction were not disclosed. The transaction is subject to clearance under the Hart-Scott-Rodino Act and other customary closing conditions. Sensata and SmartWitness expect to complete the transaction during Q4.
|
PCG | Hot Stocks05:38 EDT PG&E restores power to 92% of customers impacted by atmospheric river storm - PG&E Emergency Operations Center and hundreds of crews continue assessing damage, making needed repairs and restoring power in the aftermath of a major atmospheric river storm that delivered damaging winds, record rain totals, flooding and debris flows over the course of the weekend and Monday. Since the storm began early Sunday, approximately 630,000 customers lost power which is about 10% of the utility's 5.5M electric customers. As of 5 p.m. Monday evening, power has been restored to approximately 92% or 580,000 of those customers. Approximately 50,000 customers remain impacted. PG&E continues to respond with approximately 3,000 electric and tree personnel on the job, including distribution and transmission line crews and troublemen and women, who are the utility industry's first responders to an outage. Hundreds more employees are staffing the storm centers, performing safety duties, delivering needed equipment to PG&E yards and more. While crews were pre-positioned to be in key locations in advance of the storm, they are now being moved and redeployed to the hardest areas of damage such as Sonoma, San Mateo and Santa Clara counties which were ground zero for much of the damage. Mutual Aid assistance crews from San Diego Gas & Electric are expected to arrive Tuesday.
|
DEN | Hot Stocks05:35 EDT Denbury subsidiary, Mitsui subsidiary commence carbon capture evaluation - Denbury Onshore, a subsidiary of Denbury, and Mitsui E&P, a subsidiary of Mitsui, announced they have commenced a joint evaluation of potential opportunities in the U.S. Gulf Coast to develop carbon-negative oil assets utilizing anthropogenic CO2 via carbon capture, utilization, and storage. As part of the evaluation, MEPUSA and Denbury seek to jointly pursue CO2 offtake opportunities from Mitsui's potential projects along the U.S. Gulf Coast. MEPUSA will also identify international CCUS opportunities in which Denbury and MEPUSA could further collaborate.
|
AUGX | Hot Stocks05:32 EDT Augmedix announces uplisting to Nasdaq
|
VEON DOX | Hot Stocks05:31 EDT Veon, Amdocs sign agreement to enable services in Uzbekistan and Kazakhstan - Veon (VEON) and Amdocs (DOX) announced that they have signed a seven-year agreement that will enable digital services for Veon customers in Uzbekistan and Kazakhstan. The agreement is expected to lay the foundation for Veon's Beeline mobile operators in Uzbekistan and Kazakhstan to launch digital services and personalized experiences. This will happen by deploying Amdocs's microservices-based monetization and commerce suites, using technology based on cloud-ready architecture. Under the agreement, Amdocs will provide new monetization, service and network automation solutions, catalogue management, commerce and care systems, as well as enable new multi-channel front ends for digital services.
|
MRNA | Hot Stocks05:28 EDT Moderna enters MoU to make 110M COVID-19 vaccine doses available for Africa - Moderna announced a new memorandum of understanding, or MoU, to make up to 110M doses of the Moderna COVID-19 vaccine available to the African Union. The company is prepared to deliver the first 15M doses in Q4, 35M doses in Q1 of 2022, and up to 60M doses in Q2 of 2022. All doses are offered at Moderna's lowest tiered price. The company is also working on plans to allow it to fill doses of its COVID-19 vaccine in Africa as early as 2023, in parallel to building an mRNA vaccine manufacturing facility in Africa. This new MoU would be in addition to Moderna's agreement with COVAX to supply up to 500M doses of its COVID-19 vaccine from Q4 of 2021 through 2022. Additionally, the company recently announced an investment of up to $500M to plan to build a mRNA facility in Africa with the goal of producing up to 500M doses of vaccines at the 50 microgram dose level each year.
|
MKL | Hot Stocks05:24 EDT Markel, MCIM announce investor support and new terms for buy-out transaction - Markel and Markel CATCo Investment Management, or MCIM announced that, following the conclusion of the early consent deadline of October 22 with respect to the buy-out transaction announced on September 27, a substantial level of investor support for the transaction has been received, with investors representing over 90% of Markel CATCo Reinsurance Fund and investors representing over 95% of CATCo Reinsurance Opportunities Fund returning support undertakings or otherwise indicating their intention to support the buy-out transaction. Each of the boards of the Private Fund and Public Fund has resolved to proceed with the commencement of schemes of arrangement in Bermuda in order to implement the buy-out transaction and will shortly issue a practice direction letter to all investors. As previously announced, the buy-out transaction will be facilitated by affiliates of Markel providing funding of up to approximately $150M to buy-out substantially all of the retrocessional segregated accounts of the funds and tail risk cover that will allow for the return of approximately $100M of trapped collateral to investors in the Private Fund's separately structured reinsurance offering, known as the Aquilo Fund segregated account. Markel Corporation has agreed certain improvements to the terms of the buy-out transaction which result in the buy-out of all segregated accounts of the funds, plus an additional cash distribution to investors by way of an increased consent fee and other cash consideration provided by Markel Corporations and its affiliates. The improved terms result in affiliates of Markel providing up to approximately $270M for the full buy-out of the funds and cash consideration of approximately $75M. Under the improved terms of the buy-out transaction, investors in the funds will still retain the right to receive any upside at the end of the applicable run-off period if currently held reserves exceed the amounts necessary to pay ultimate claims. The affiliates of Markel Corporation financing the buy-out transaction expect to receive a return of all their funding in relation to the full buy-out of the funds by the end of the run-off periods. To allow for investors who have not yet returned support undertakings to consider these improved terms, the deadline for investors to enter into an undertaking to support the buy-out transaction has now been extended to 11.59 p.m. on November 9.
|
XM | Hot Stocks05:15 EDT Qualtrics to open new data center in Japan in 2022 - Qualtrics announced it will open a new data center in Japan. The company is scaling its operations in the country in response to growing demand for the Qualtrics experience management, or XM, platform from businesses and governments looking to design and deliver customer, employee, brand and product experiences. It will open in 2022, making Qualtrics one of the first providers of experience management technologies to operate a data center in Japan. To further address growing demand for the Qualtrics XM Platform in Japan, the company is growing its local team. Earlier this year, Qualtrics announced plans to hire 1,200 new employees in Asia Pacific and Japan by 2024. As part of this, Qualtrics will relocate its Japanese headquarters to a new location in Tokyo and establish an office in the Kansai region to support customers in regional areas
|
DGII | Hot Stocks05:13 EDT Digi International names Topas distributor in Germany, Switzerland and Austria - Digi International has appointed Topas as its distributor in Germany, Switzerland and Austria. Under the terms of the agreement, Digi ConnectCore system on modules, or SOM, Digi XBee RF modules, Digi Connec Me, NetSilicon & Rabbit semiconductor product portfolios will be available, complemented by support services offered by Topas.
|
TIGR | Hot Stocks05:10 EDT UP Fintech receives approval from Hong Kong SFC to complete OJSL acquisition - UP Fintech announced that it has received approval from The Hong Kong Securities and Futures Commission, or SFC, to complete the acquisition of Ocean Joy Securities, or OJSL, a firm licensed with the SFC for Type I and Type II regulated activities. The company expects to complete the acquisition and, upon completion, expects to start to operate its brokerage business in Hong Kong.
|
RIO | Hot Stocks05:08 EDT Rio Tinto, Carbfix partner on carbon capture and storage - Rio Tinto and Carbfix are partnering to implement a technology for capturing carbon and permanently storing it underground at the ISAL aluminium smelter in Iceland. Under a memorandum of understanding, or MoU, for a strategic partnership, Carbfix will use Rio Tinto's land surrounding the ISAL smelter for onshore CO2 injection in the world's first carbon mineral storage hub, the Coda Terminal. Liquified CO2 will be imported by ship from industrial sites across North Europe for storage. The companies will work together to advance carbon capture solutions that are already being tested in production cells at ISAL, with the aim of using the Carbfix technology to further decarbonize the plant. So while Rio Tinto is prioritizing emissions reductions at mines and smelters, it is also exploring the potential role of carbon capture and mineralization. Carbfix plans to drill the first injection wells for the Coda Terminal in 2022, with shipments of CO2 starting in 2025.
|
SRAD | Hot Stocks05:05 EDT Sportradar announces three-year extension to ITF data partnership - Sportradar announced a three-year extension to its agreement with the International Tennis Federation, or ITF, to serve as the ITF's official data partner. The agreement extends the partnership between Sportradar and ITF, which, since 2012, has encompassed the World Tennis Tour as well as a number of other major ITF competitions, such as the Billie Jean King Cup. In addition to the official data partnership, the extension enables the Federation to deliver a number of ongoing integrity-led major projects, including the development of technology infrastructure to further enhance integrity protection at World Tennis Tour events. Together with the projects and activities mentioned, the ITF, in partnership with Sportradar, will continue to invest into accreditation, control systems and personnel to safeguard the integrity of tour events, leading the tennis world in efforts to ensure a secure player and fan experience.
|