Stockwinners Market Radar for October 28, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
KVSA | Hot Stocks19:19 EDT Khosla Ventures Acquisition to transfer listing to NYSE - Khosla Ventures Acquisition Co., a special purpose acquisition company sponsored by an affiliate of Khosla Ventures, announced that it will voluntarily transfer the listing of its Class A common stock, par value $0.0001 per share, from the Nasdaq Capital Market to the New York Stock Exchange in connection with, and following the closing of, the previously announced business combination with Valo Health, the wholly owned subsidiary of Valo Health, LLC. The shares of Class A Common Stock of the post-Business Combination company, to be renamed Valo Health Holdings, Inc., will trade under the stock symbol "VH". KVSA's Class A Common Stock will continue to trade on Nasdaq until the closing of the Business Combination. In compliance with Nasdaq's Listing Rules, today KVSA provided Nasdaq with notice of its intent to delist its Class A Common Stock from Nasdaq after market close on November 19, 2021. The NYSE listing and Nasdaq delisting are subject to the closing of the Business Combination and fulfillment of all NYSE listing requirements.
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WMK | Hot Stocks18:33 EDT Weis Markets raises quarterly dividend to 32c from 31c per share - The dividend is payable on November 22, 2021 to shareholders of record as of November 8, 2021.
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QNRX | Hot Stocks18:32 EDT Quoin Pharmaceuticals completes merger with Cellect Biotechnology - Quoin Pharmaceuticals announced the closing of its previously announced strategic merger with Cellect Biotechnology. Cellect concurrently completed the sale of the company's subsidiary, Cellect Biotherapeutics, to EnCellX, a privately held company based in San Diego, CA. Following the completion of the merger, the company was renamed Quoin Pharmaceuticals, and will begin trading on Nasdaq under the symbol "QNRX" at the open of the market on October 29. Immediately prior to the merger, Quoin completed a private placement financing that will result in gross proceeds of new cash of up to $21.5M under the terms of the securities purchase agreement previously announced with Altium Capital, a healthcare-focused investment fund in March 2021. All of Quoin's outstanding shares were converted into the company's common stock. Cellect shareholders retained approximately 25% of the combined shares prior to the private placement while the shareholders of Quoin received shares of Cellect common stock representing approximately 75% of the pre-investment number of shares. The acquisition of Cellect Biotherapeutics by EnCellX includes ApoGraft and the related technology. EnCellX intends to further develop the technology for a broad range of immune optimization indications.
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BC | Hot Stocks18:32 EDT Brunswick CEO: We want to keep products affordable - In an interview on CNBC's Mad Money, David Foulkes said Brunswick has taken tremendous share in its engine business. Raw demand is tremendously strong, he noted, but the problem is supply constraints. The company is doing everything possible to increase capacity for boats and engines, he added.
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SBUX | Hot Stocks18:32 EDT Starbucks workers say NLRB supports proposal for union vote - Starbucks Workers United, a collection of Starbucks partners from the Buffalo, New York area organizing the company's first union, announced that they have won a labor board decision on their ability to form a union. "Today the NLRB ruled in favor of partners and will allow us to vote store-by-store," Starbucks Workers United said on Twitter. "With this decision, we will now have the ability to win the first unionized Starbucks in the U.S., ensuring our right to organize." Reference Link
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CHCT | Hot Stocks18:31 EDT Community Healthcare raises quarterly dividend to 43.5c from 43.25c per share - The dividend is payable on November 26, 2021 to shareholders of record on November 12, 2021.
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INTC | Hot Stocks18:22 EDT Intel director buys 5.1K shares of common stock - Intel director Dion Weisler bought 5.1K shares of common stock on October 26th in a total transaction size of $250K, boosting his stake by about 43%.
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LIN | Hot Stocks18:22 EDT Linde CEO: Saw some cost inflation in Q3 - In an interview on CNBC's Mad Money, Steve Angel said he expects Linde to be able to offset inflation over the next few quarters. He noted the company's $13.5B backlog was up 81%, mainly on the strength of a few projects. Those projects have strong contractual terms and conditions, he added. He expects the backlog to add 5% EPS growth per year for the next four years.
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SGH | Hot Stocks18:20 EDT SGH director sells 100K shares of common stock - In a regulatory filing, SGH disclosed that its director Ajay Shah sold 100K shares of common stock on October 26th in a total transaction size of $5.12M, reducing his stake by about 25%.
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AMZN | Hot Stocks18:11 EDT Amazon says 'New World' has 'really good' momentum, engagement - Says saw "really good" momentum and engagement with new video game "New World." Says gaming is one of the fastest-growing entertainment industries. Says leveraging flywheel offerings as part of Prime Games.
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POLY | Hot Stocks18:10 EDT Poly drops 11% to $21.24 after FY22 guidance misses estimates
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AMZN | Hot Stocks18:05 EDT Amazon says has capacity to meet holiday season demand - Says labor and rising wage pressures to continue. Says certain costs were suppressed last year which are being realized now.
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LEA | Hot Stocks18:03 EDT Lear to acquire Kongsberg Automotive's ICS unit for EUR 175M - Kongsberg Automotive has entered into an agreement for the sale of substantially all of the Interior Comfort Systems, ICS, business unit to Lear Corporation , as Kongsberg Automotive is currently realigning its business priorities. "The ICS business unit supplies seat climate and comfort systems to all major car and seat manufacturers. Lear, a well-respected leader in the automotive industry has been a highly valued business partner of Kongsberg Automotive for many years," said the company. The two companies entered into a master sale agreement on October 28. With this transaction, approximately 3,800 Kongsberg Automotive employees from Asia, Europe and North America will be integrated into Lear. Under the terms of the transaction, Lear will acquire Kongsberg Automotive's ICS business unit for an Enterprise Value of EUR 175 million. The transaction, subject to regulatory approvals and other customary closing conditions and adjustments, is expected to close in the first quarter of 2022. Reference Link
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RIO | Hot Stocks18:02 EDT Rio Tinto, BlueScope sign MOU to explore low carbon-steelmaking pathways - Rio Tinto and BlueScope will work together to explore low-carbon steelmaking pathways using Pilbara iron ores, including the use of clean hydrogen to replace coking coal at BlueScope's Port Kembla Steelworks. The two companies have signed a Memorandum of Understanding to research and design low-emissions processes for the steel value chain, including iron ore processing, iron and steelmaking and related technologies. Rio Tinto and BlueScope will prioritise studying the use of green hydrogen at the Port Kembla Steelworks in Australia to directly reduce Pilbara iron ores into a product that could then be processed in an electric melter to produce metallic iron suitable to be finished into steel. The MOU expands the partnership between the two companies, who were already jointly studying technology to reduce carbon emissions from existing iron and steelmaking processes. It will also allow more projects to be added as technologies mature. The first phase of the collaboration will be to determine the scale of a pilot plant to be based at the Port Kembla steelworks, consisting of a hydrogen electrolyser, direct reduction process and melter.
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RIO | Hot Stocks18:02 EDT Rio Tinto, BlueScope sign MOU to explore low carbon-steelmaking pathways - Rio Tinto and BlueScope will work together to explore low-carbon steelmaking pathways using Pilbara iron ores, including the use of clean hydrogen to replace coking coal at BlueScope's Port Kembla Steelworks. The two companies have signed a Memorandum of Understanding to research and design low-emissions processes for the steel value chain, including iron ore processing, iron and steelmaking and related technologies. Rio Tinto and BlueScope will prioritise studying the use of green hydrogen at the Port Kembla Steelworks in Australia to directly reduce Pilbara iron ores into a product that could then be processed in an electric melter to produce metallic iron suitable to be finished into steel. The MOU expands the partnership between the two companies, who were already jointly studying technology to reduce carbon emissions from existing iron and steelmaking processes. It will also allow more projects to be added as technologies mature. The first phase of the collaboration will be to determine the scale of a pilot plant to be based at the Port Kembla steelworks, consisting of a hydrogen electrolyser, direct reduction process and melter.
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WDC | Hot Stocks17:59 EDT Western Digital drops 10% to $51.42 after Q2 EPS guidance misses estimates
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SBUX | Hot Stocks17:42 EDT Starbucks down over 4% at $108.50 after below-consensus FY22 EPS outlook
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AMZN | Hot Stocks17:40 EDT Amazon says holiday season risks $4B in added costs - Says Q3 revenue represented two-year CAGR of 25%. Says "grateful" customers who have put trust in the company. Says incurred billions of dollars in additional costs to "keep workers safe." Says saw nearly $1B from inflationary pressures in Q3. Says holiday season risks $4B in added costs. Says no longer capacity constrained. Sees 2021 footprint to exceed last year's buildout. Says on track to double fulfillment network since pandemic's early days. Comments taken from Q3 earnings conference call.
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SBUX | Hot Stocks17:37 EDT Starbucks sees FY22 operating margin around 17%, below long-term growth algo - Says 17% target is "below our long-term target, driven by approximately 400 basis points of impact related to the wage investments, coupled with an additional headwind of approximately 200 basis points from a combination of inflationary pressures, other growth investments and discontinuation of government subsidies". Says FY22 will be a "pivotal year of investment" marked by increase in wage investments. Says "Capital expenditures in fiscal 2022 are expected to total approximately $2 billion up from $1.5 billion in fiscal 2021 and back to pre-COVID levels, reflecting increases in new store development and technology initiatives in our stores."
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FLR | Hot Stocks17:32 EDT Fluor enters MOU to collaborate with Bulgarian Energy for new nuclear units - Fluor announced that it has signed a memorandum of understanding, or MOU, with Bulgarian Energy Holding EAD for the consideration of new nuclear units in Bulgaria. Bulgarian Energy is comprised of a group of companies engaged in the electricity generation, supply and transmission, natural gas transmission, supply and storage and coal mining market in Bulgaria. Fluor and Bulgarian Energy Holding have agreed to cooperate in evaluating potential program management services, front-end engineering, evaluation of the existing coal-fired fleet for potential nuclear small modular reactor re-purposement projects, and the assessment of the Bulgarian supply chain and other related services.
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SBUX | Hot Stocks17:31 EDT Starbucks says recovery in China will not be linear, momentum below expectations - In the earnings call, CEO Kevin Johnson says: "We continue to invest meaningfully in all aspects of our China business tarbucks continues to be in a strong market expansion cycle. And as such, much of our growth in China comes as we aggressively expand our store footprint and introduce more customers to the Starbucks Experience. Recovery in China will not be linear. In Q4, we experienced COVID-related restrictions that constrained customer mobility in 18 provincial-level regions. At its peak in mid-August, approximately 80% of our stores in China were impacted by the pandemic, with some stores fully closed or operating at different levels of elevated public health protocols, such as mobile ordering only, limited seating or health stations. Our recovery momentum was below expectation and pushed our 2-year comps to a minus 10% in Q4."
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AAPL | Hot Stocks17:29 EDT Apple expects Q1 supply constraint revenue impact to be larger than $6B - Says experienced larger than expected supply constraints. Says estimates silicon shortages and Covid disruptions at $6B revenue impact. Says one third of revenue from emerging markets. Says Apple TV+ won 11 Emmys. Says Fitness+ to be available in 15 new countries. Says Mac set all-time revenue record despite supply constraints. Says has over 745M paid subscriptions across all platforms. Says expects Q1 supply constraint revenue impact to be larger than $6B. Sees very solid year-over-year revenue growth. Sees Q1 gross margin 41.5%-42.5%. Sees Q1 operating expense $12.4B-$12.6B. Sees Q1 tax rate 60%. Says chip shortage is affecting most products. Comments and guidance taken from Q4 earnings conference call.
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SBUX | Hot Stocks17:27 EDT Starbucks CEP says entering FY22 with strong momentum but remain cautious - CEO Kevin Johnson states: "We made significant progress addressing supply chain issues and experienced an overall improvement in inventory availability as we move through the quarter by increasing production at existing suppliers, onboarding new suppliers, and strategically prioritizing key holiday and Q1 merchandise. While we made significant progress addressing supply chain challenges as fiscal 2021 progressed, we remain cautious and vigilant as we enter fiscal '22 given the dynamic nature of the situation." Comments taken from Q4 earnings conference call.
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HTH | Hot Stocks17:19 EDT Hilltop Holdings board authorizes increase in share repurchase program - In October, the Hilltop Board of Directors authorized, subject to regulatory review, an increase to the aggregate amount of common stock that Hilltop may repurchase under the aforementioned stock repurchase program to $200M, an increase of $50M. As a result of share repurchases during 2021 and giving effect to such increase, Hilltop has approximately $76M of available share repurchase capacity through expiration of the stock repurchase program in January 2022.
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LMT | Hot Stocks17:19 EDT Lockheed Martin awarded $243.07M Army contract - Lockheed Martin was awarded a $243.07M cost-plus-fixed-fee contract for long range fires technology development and demonstration. Bids were solicited via the internet with one received. Work locations and funding will be determined with each order, with an estimated completion date of October 27, 2026. U.S. Army Contracting Command is the contracting activity.
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NOC | Hot Stocks17:14 EDT Northrop Grumman awarded $298.19M Air Force contract - Northrop Grumman has been awarded a $298.19M cost-plus-fixed-fee and cost-reimbursable no-fee, indefinite-delivery requirements contract modification to a previously awarded contract for the RQ-4B Global Hawk. The contract provides for repair services for "common items" for both the RQ-4B and MQ-4C Triton. It will support reparable National Stock Numbers which encompass the Air Vehicle, multiple sensor packages, Mission Control Element, and Launch and Recovery Element. In addition, this effort includes support engineering services covered under the engineering delegation authority for NSNs transferred to and under the management of the 407 Supply Chain Management Squadron. Work is expected to be completed by December 31, 2027. This award is the result of a sole-source acquisition. Air Force Sustainment Center is the contracting activity.
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EGO | Hot Stocks17:10 EDT Eldorado Gold raises 2021 gold production guidance 6% to 460K-480K oz.
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ABIO | Hot Stocks17:07 EDT ARCA Biopharma jumps approximately 25% on DSMC review of rNAPc2 Covid data - Shares of ARCA biopharma are up 66c or 26% to $330 per share in after-market trading on Thursday after announcing that the Data and Safety Monitoring Committee or DSMC, has completed a pre-specified interim analysis and, based on the DSMC's review of approximately 75% of the projected final efficacy and safety data, recommended completion of the clinical trial with no modifications to the trial design. The rNAPc2 development program has been granted Fast Track designation by the U.S. Food and Drug Administration, FDA. The Company now anticipates completion of target enrollment of 160 patients by year end 2021 and reporting of topline data in the first quarter of 2022. Dr. Michael Bristow, ARCA's President and Chief Executive Officer, commented, "Clearing the final interim analysis with no recommended changes in the Phase 2b clinical trial design is an important step in a clinical trial and in the development of rNAPc2 for prevention of COVID-19-associated coagulopathy. We are focused on finishing the clinical trial, which we estimate will complete enrollment by year end. We look forward to sharing the top-line trial results in the first quarter of next year and reviewing the findings with the FDA."
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CSCW | Hot Stocks17:03 EDT Color Star Technology receives Nasdaq noncompliance letter - Color Star Technology received a letter from Nasdaq notifying the company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rules because the closing bid price of the Company's ordinary shares was below $1.00 per share for a period of 30 consecutive business days. The notification has no immediate effect on the listing of the company's ordinary shares. The company has a compliance period of 180 calendar days, or until April 25, 2022, to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the company's ordinary shares is at least $1.00 for a minimum of 10 and up to 20 consecutive business days, Nasdaq will provide the company a written confirmation of compliance and the matter will be closed.
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TWNT | Hot Stocks17:02 EDT Tailwind Two Acquisition to merge with Terran Orbital in deal valued at $1.58B - Tailwind Two Acquisition Corp., a special purpose acquisition company, and Terran Orbital Corporation, a company in the development, innovation and operation of small satellites and earth observation solutions, jointly announced that they have entered into a definitive business combination agreement. Upon the closing of the transaction, the combined company will operate as Terran Orbital Corporation, with plans to list on the NYSE under the symbol LLAP. The pro forma total enterprise value of the combined companies is approximately $1.58B. The transaction is expected to close in the first quarter of 2022. The transaction is supported by gross proceeds of $345M from Tailwind Two's cash-in-trust, $50M from a PIPE with participation from AE Industrial Partners, long-term Terran Orbital investor Beach Point Capital, Daniel Staton, Lockheed Martin and Fuel Venture Capital, as well as $75M of additional financial commitments from Francisco Partners and Beach Point Capital. In connection with the closing of the transaction, up to an additional $125M in debt commitments from Francisco Partners and Lockheed Martin may be available subject to certain conditions. Existing Terran Orbital shareholders will roll 100% of their equity into the combined company. Terran Orbital and Tailwind Two's boards of directors have unanimously approved the proposed business combination. Completion of the proposed business combination is subject to approval by Tailwind Two's shareholders and the satisfaction or waiver of other customary closing conditions identified in the Agreement and Plan of Merger entered into by Terran Orbital and Tailwind Two.
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DLX | Hot Stocks17:00 EDT Deluxe opens new headquarters in downtown Minneapolis - Deluxe announced the opening of its newly constructed, state-of-the-art headquarters at 801 Marquette in downtown Minneapolis, Minnesota. Following more than 18 months of working remotely, Minnesota-based Deluxe employees will begin returning to the physical workspace in phases Nov. 15 with the intent of fully occupying the new space in January 2022. "Our new headquarters is designed to foster an environment of creative cooperation to solve a wide range of customer needs," McCarthy stated. "It has been built to be collaborative for our employees, and for our partners in the community, to foster greater productivity and profitability in the digital economy."
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ATVI | Hot Stocks17:00 EDT Activision Blizzard acquires Digital Legends, terms not disclosed - Activision announced the acquisition of Barcelona-based mobile game developer Digital Legends. The development studio joins Activision's growing roster of wholly-owned, independent studio teams; and will be supporting development of an unannounced new mobile title within the Call of Duty universe. Terms of the deal were not disclosed.
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BANR TCF | Hot Stocks17:00 EDT Banner Corp. chief risk officer Judy Steiner to retire, Jim Costa to succeed - Banner Corp. (BANR) announced the retirement of Judy Steiner, executive VP and chief risk officer of the bank, effective November 25. Jim Costa has been hired to succeed Steiner as executive VP and chief risk officer as well as the bank's chief banking regulatory liaison. Costa is joining the Bank immediately and will begin working with Steiner to ensure a transition. Costa has nearly 30 years of financial services experience. Most recently, he served as chief risk and chief credit officer for Minnesota-based TCF Financial (TCF)
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KNTE | Hot Stocks16:57 EDT Kinnate Biopharma chief scientific officer Eric Murphy to step down - Kinnate Biopharma announced that the company's chief scientific officer, Eric Murphy, will step down from that role on December 3 to pursue a new opportunity. Murphy will remain a scientific adviser to Kinnate and will continue to support the company by serving on its scientific advisory board.
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CNK NTDOY | Hot Stocks16:57 EDT Cinemark announces heightened focus on gaming initiatives - Cinemark Holdings (CNK) said it is continuing its endeavor to bring more than movies to its theatres, "further solidifying its position as the ultimate entertainment destination." Through new business alliances and creative thinking, Cinemark is by merging two favorite pastimes - gaming and going to the movie theatre. "Our big screens, booming surround sound and ultra-comfy seats create an unbeatable, immersive environment for all varieties of gaming experiences, and we are thrilled to provide players with an incredible setting to enjoy their content in a new and exciting way," said Justin McDaniel, Cinemark SVP of Global Content Strategy. "Cinemark is consistently evolving to provide our guests the ultimate entertainment destination. We are excited to bring gaming and theatres closer together as we continue to innovate and provide an exciting communal experience for all aspects of the gaming community." To maximize the convergence of gaming and theatrical exhibition, Cinemark will be hiring a vice president to spearhead the strategic vision of the company's gaming initiatives. This role will focus on forging strategic partnerships and pursuing content and product licensing agreements that will support the company's expansion within the gaming realm and explore opportunities in the emerging metaverse. Cinemark noted that more than 10,000 gaming hours have been played in Cinemark's in-theatre environment and that, though an ongoing partnership with Mission Control, a rec league gaming platform, Cinemark offers out-of-theatre online gaming opportunities for those looking to compete with fellow Cinemark fans. "With Cinemark Esports, gamers can show their skills and compete online monthly with friends and other players in games such as Super Smash Bros. Ultimate (NTDOY), Rocket League, Fortnite and more by downloading the Mission Control App and joining the Cinemark organization," the company said. "Gamers should be on the lookout for specialty tournaments supporting the newest movies to hit the big screen, which Cinemark debuted this fall with a Fortnite Duos competition aligned with the theatrical release of Free Guy and plans to support more tournaments tied to new releases through 2021 and beyond."
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ABIO | Hot Stocks16:53 EDT ARCA biopharma says DSMC completes pre-specified analysis on rNAPc2 for Covid - ARCA biopharma provided an update on the ASPEN-COVID-19 Phase 2b clinical trial evaluating rNAPc2 as a potential treatment for patients hospitalized with severe COVID-19. The Company announced that the Data and Safety Monitoring Committee, DSMC, has completed a pre-specified interim analysis and, based on the DSMC's review of approximately 75% of the projected final efficacy and safety data, recommended completion of the clinical trial with no modifications to the trial design. The rNAPc2 development program has been granted Fast Track designation by the U.S. Food and Drug Administration , FDA. The Company now anticipates completion of target enrollment of 160 patients by year end 2021 and reporting of topline data in the first quarter of 2022. Dr. Michael Bristow, ARCA's President and Chief Executive Officer, commented, "Clearing the final interim analysis with no recommended changes in the Phase 2b clinical trial design is an important step in a clinical trial and in the development of rNAPc2 for prevention of COVID-19-associated coagulopathy. We are focused on finishing the clinical trial, which we estimate will complete enrollment by year end. We look forward to sharing the top-line trial results in the first quarter of next year and reviewing the findings with the FDA."
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SM | Hot Stocks16:48 EDT SM Energy reports Q3 production 14.3 MMBoe - Production was 14.3 MMBoe (155.8 MBoe/d) and was 56% oil. Production volumes exceeded expectations, benefiting from higher base production, reduced flaring and the effect of larger fracture stimulations in the Midland Basin and the successful early completion of certain wells in South Texas. As a result, the company is increasing guidance for 2021 production volumes to 49.5-50.0 MMBoe (135.6-137.0 MBoe/d).
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SM | Hot Stocks16:47 EDT SM Energy sees Q4 production 12.7-13.2 MMBoe - Fourth quarter 2021: Production of 12.7-13.2 MMBoe or 138-143.5 MBoe/d. The production range reflects timing of new wells being turned-in-line. Capital expenditures of $111M-$116M.
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SM | Hot Stocks16:46 EDT SM Energy sees FY21 production 49.5-50.0 MMBoe - Full year 2021: The production guidance range is increased and narrowed to 49.5-50.0 MMBoe, or 135.6-137.0 MBoe/d, with 54%-55% oil. Capital expenditure guidance is narrowed to $670-675 million. LOE per Boe is reduced to $4.50-$4.60. Transportation per Boe is reduced to ~$2.75. Ad valorem and production taxes per Boe are increased to correspond to higher commodity prices to $2.70-$2.75. Exploration expense is reduced to ~$40 million. DD&A expense per Boe is reduced to $15.00-$15.50. G&A is updated to $100-110 million.
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ECL | Hot Stocks16:44 EDT Ecolab enters into agreement to acquire Purolite for $3.7B in cash transaction - Ecolab has entered into an agreement to acquire Purolite, a global provider of high-end ion exchange resins for the separation and purification of solutions, that is "highly complementary to our current offering and critical to safe, high quality drug production and biopharma product purification in the life sciences industries," the company said. The acquisition is structured as a cash transaction valued at approximately $3.7B. Purolite will operate as a separate global business unit and its overall results will be reported within Ecolab's Life Sciences division. The transaction is expected to close in the fourth quarter of 2021, subject to regulatory clearance and other customary closing conditions. No other details were announced. Commenting on the transaction, Christophe Beck, Ecolab's president and chief executive officer said, "With 2021 sales of $0.4 billion and mid-teens growth, Purolite is an acquisition that brings us a fast growing leader in biopharma and industrial purification solutions with very strong margins. With this transaction, we will significantly increase our opportunities in our high growth, high margin life sciences business, such as the purification of mRNA vaccines and monoclonal antibodies for cancer-treatment drugs. By combining Ecolab's state-of-the-art capabilities in clean and safe processing with Purolite's revolutionary resin technology, we will provide a comprehensive and game-changing offering that will make the customer's end-product better, safer, healthier and more effective. At the same time, it will further expand our capabilities in industries that are complementary to our already existing leading positions, such as the polishing of advanced microelectronics, ultra-purification of water in nuclear power, food and beverage taste and product quality enhancement, high-end precious metals extraction, like lithium for EV batteries, as well as in the production of hydrogen fuel cells." Ecolab will pay approximately $3.7B in cash, utilizing approximately $800M of cash on the company's balance sheet and low-cost debt for the balance. As a result of the structure of the transaction, we expect to realize tax benefits with an estimated net present value of approximately $300M. Returns are expected to be significantly above our weighted average cost of capital.
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ICFI | Hot Stocks16:44 EDT ICF International awarded $24M contract from U.S. HHS - The U.S. Department of Health and Human Services recently awarded ICF three technical assistance agreements with a total value of $24M to support Administration for Children and Families programs.
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IGT | Hot Stocks16:42 EDT International Game expands PlayCasino footprint to the Netherlands - International Game Technology announced that it has expanded its PlayCasino footprint to the Netherlands via a multi-year content agreement with Holland Casino, the leading gaming operator in the country. IGT PlayCasino games such as Icy Wilds, Scarab and Fortune Coin! were recently made available to players throughout the Netherlands on HollandCasino.nl.
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ZEN MNTV | Hot Stocks16:40 EDT Zendesk to acquire Momentive in stock deal for about $28 per share - Zendesk (ZEN) and Momentive (MNTV) have entered into a definitive agreement under which Zendesk will acquire Momentive, including its iconic SurveyMonkey platform. The terms of the transaction provide for Momentive stockholders to receive 0.225 shares of Zendesk stock for each share of Momentive stock, a ratio which represents an implied value of approximately $28 per outstanding share of Momentive stock based on the 15-day volume weighted average price of Zendesk common stock up to and including October 26, 2021. Zendesk expects the combination to be growth accretive in its first full operating year and accelerate Zendesk's revenue plan to $3.5 billion in 2024, one year ahead of its previous target. The companies' respective sizable customer bases and complementary capabilities are expected to provide significant opportunity for joint product adoption and increasing Momentive's enterprise traction. Zendesk will reinvest savings from scale efficiencies into compelling growth opportunities to support the combination. Upon the close of the transaction, Momentive CEO Zander Lurie will continue to lead Momentive's strong management team.
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AAPL | Hot Stocks16:39 EDT Apple down nearly 5% to $145 after downbeat Q4 results
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SPSC | Hot Stocks16:38 EDT SPS Commerce announces new $50M share repurchase program - The company also announced that the board authorized a new program to repurchase up to $50M of common stock. Under the program, purchases may be made from time to time in the open market, in privately negotiated purchases, or both. The share repurchase program becomes effective on November 28 and expires on November 28, 2023. The current stock repurchase plan expires on November 2.
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AAPL | Hot Stocks16:36 EDT Apple reports Q4 Services revenue $18.28B vs. $14.55B last year
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AAPL | Hot Stocks16:36 EDT Apple reports Q4 Wearables, Home, Accessories sales $8.79B vs. $7.88B last year
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AAPL | Hot Stocks16:35 EDT Apple reports Q4 iPad revenue $8.25B vs. $7.88B last year
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AAPL | Hot Stocks16:35 EDT Apple CEO says supply constraints worse than expected in Q4 - Apple CEO Tim Cook said supply constraints were worse than expected in Q4, estimating that they hurt revenue by greater than $6B.
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AAPL | Hot Stocks16:35 EDT Apple reports Q4 Mac revenue $9.18B vs. $9.03B last year
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AAPL | Hot Stocks16:34 EDT Apple reports Q4 iPhone revenue $38.87B vs. $26.44B last year
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MERC | Hot Stocks16:34 EDT Mercer sees FY21 CapEx $150M
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AAPL | Hot Stocks16:34 EDT Apple declares quarterly divided of 22c per share - Apple's board declared a cash dividend of 22c per share of the company's common stock. The dividend is payable on November 11, to shareholders of record as of the close of business on November 8.
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AAPL | Hot Stocks16:32 EDT Apple falls 4% to $145.50 after Q4 sales miss expectations
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EMN | Hot Stocks16:30 EDT Eastman Chemical says EBIT increased on higher sales volume, decreased on costs - The company states that in Q3, "EBIT increased due to higher sales volume and more favorable product mix as a result of increased sales of specialty products, particularly in Advanced Materials. Spreads were flat due to increased Chemical Intermediates prices that outpaced higher raw material, energy, and distribution costs, offset by compression in specialty businesses with increased selling prices lagging higher raw material, energy, and distribution costs. Compared to second quarter 2021, sales revenue increased 3 percent due to 4 percent higher selling prices, offset by 1 percent lower volume/mix. Selling prices increased due to higher raw material and energy prices and continued strong key end-market demand, including building & construction. Through the quarter, automotive OEM component shortages increasingly reduced auto production, particularly impacting Advanced Materials. EBIT decreased slightly as higher raw material and energy costs outpaced higher selling prices and lower structural costs. Distribution costs remained elevated. Less favorable product mix was primarily due to decreased sales of certain specialty products, particularly in Additives & Functional Products."
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COHU | Hot Stocks16:26 EDT Cohu authorizes $70M stock buyback program
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INT | Hot Stocks16:21 EDT World Fuel Services to acquire Flyers Energy Group for about $775M - World Fuel Services Corporation announced that a wholly-owned subsidiary of the company has signed a definitive agreement to acquire Flyers Energy Group from the Dwelle family, who have been engaged in the petroleum marketing industry for more than 40 years. The total purchase price for the acquisition will be approximately $775 million, of which $675 million will be paid at closing, consisting of cash and at the company's option, up to $50 million of World Fuel Services common stock. The remaining $100 million will be paid in equal installments over the two years following completion of the transaction. The transaction will be principally funded with cash-on-hand with the balance drawn from the company's revolving credit facility. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected be completed within 60 to 90 days.
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EBC | Hot Stocks16:21 EDT Eastern Bankshares board approves 5% share buyback program - The company announced that its Board of Directors has approved a share repurchase program to purchase up to 9,337,900 shares, which represents 5% of the company's outstanding shares of common stock over a 12-month period. The authorization is contingent on receipt of approval or non-objection from the Board of Governors of the Federal Reserve System. The company's request for non-objection is pending. Assuming receipt of approval or non-objection from the Federal Reserve, the company does not expect the share repurchases to begin before December 2021.
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X | Hot Stocks16:17 EDT U.S. Steel announces $300M stock buyback, boosts quarterly dividend to 5c/share - U.S. Steel announced that its Board of Directors approved significant enhancements to its capital allocation priorities aligned with the continued execution of its Best for AllSM strategy. The enhancements include: A stock repurchase program under which up to $300 million of the Company's outstanding common stock may be repurchased at the discretion of management. A quarterly dividend of $0.05 per share, a 400%, or $0.04 per share, increase over the previous quarter's dividend. The dividend is payable Thursday, December 9, 2021 to stockholders of record at the close of business on Monday, November 8, 2021. "Today's announcement demonstrates the significant progress we have made in the execution of our Best for All strategy," said U. S. Steel President and Chief Executive Officer David B. Burritt. "We have made substantial progress on our announced deleveraging plans and expect to complete our incremental $1.0 billion target by the end of the year and ahead of schedule. Our expected $3.1 billion of total 2021 deleveraging combined with our robust cash and liquidity position has also allowed us to confidently begin executing organic growth investments aligned with long-term value creation. Today's capital allocation enhancements further affirm our bullish outlook for the long-term future of U. S. Steel, are attractive uses of capital and demonstrate that our strategy is truly best for all by ensuring our stockholders directly benefit from the company's continued success."
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TXRH | Hot Stocks16:16 EDT Texas Roadhouse says SSS for 1st 4 weeks of Q4 up 22.6% vs. FY20 same time - Comparable restaurant sales at company restaurants for the first four weeks of our fourth quarter of fiscal 2021 increased 22.6% and 23.6% compared to our 2020 and 2019 periods, respectively. In addition, the Company Recently implemented a menu price increase of 4.2%.Management updated the following expectations for 2021: Commodity cost inflation of approximately 10%. Management reiterated the following expectations for 2021: 26 to 29 company restaurant openings across all concepts; Store week growth of approximately 5.0%; and, Total capital expenditures of approximately $200 million.
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ATEN | Hot Stocks16:15 EDT A10 Networks board declares 5c per share quarterly dividend - In light of the significant improvement in profitability and A10's strong balance sheet, the Board of Directors today approved a capital allocation strategy to return capital to stockholders. As part of this, the Board declared a quarterly dividend. The first dividend, in the amount of 5c per share, will be payable, subject to any prior revocation, on December 15, 2021 to stockholders of record on November 12, 2021. Future dividends will be subject to further review and approval by the Board in accordance with applicable law. The Board reserves the right to adjust or withdraw the quarterly dividend in future periods as it reviews A10's capital allocation strategy from time-to-time.
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GILD MRK | Hot Stocks16:16 EDT Gilead announces Trodelvy-Keytruda trial collaboration with Merck - Gilead Sciences announced it has entered into a clinical trial collaboration and supply agreement with Merck to evaluate the efficacy of Gilead's Trop-2 targeting antibody-drug conjugate Trodelvy in combination with Merck's anti-PD-1 therapy, KEYTRUDA, as a first-line treatment for patients with locally advanced or metastatic triple-negative breast cancer. Under the terms of the agreement, Gilead will sponsor a global Phase 3 clinical trial to evaluate Trodelvy in combination with KEYTRUDA compared to standard of care KEYTRUDA in combination with chemotherapy in first-line patients with locally advanced or metastatic TNBC. "Trodelvy has already been established as a preferred treatment option in second-line metastatic TNBC," said Merdad Parsey, MD, PhD, Chief Medical Officer, Gilead Sciences. "Looking ahead, we are excited about the opportunity to advance Trodelvy as a potential treatment for first-line metastatic TNBC. This helps further our ambition of displacing chemotherapy with Trodelvy to improve outcomes for people living with cancer."
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TXRH | Hot Stocks16:15 EDT Texas Roadhouse says SSS for 1st 4 weeks of Q4 up 22.6% vs. FY20 same time - Comparable restaurant sales at company restaurants for the first four weeks of our fourth quarter of fiscal 2021 increased 22.6% and 23.6% compared to our 2020 and 2019 periods, respectively. In addition, the Company Recently implemented a menu price increase of 4.2%.Management updated the following expectations for 2021: Commodity cost inflation of approximately 10%. Management reiterated the following expectations for 2021: 26 to 29 company restaurant openings across all concepts; Store week growth of approximately 5.0%; and, Total capital expenditures of approximately $200 million.
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ATEN | Hot Stocks16:14 EDT A10 Networks board authorizes new $100M share repurchase program
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AGL | Hot Stocks16:14 EDT Agilon Health sees live members up over 45% in FY22 - agilon health expects total members live on the platform will increase by over 45% on a year-over-year basis during 2022, including over 40% growth for Medicare Advantage members and 60% growth for attributed Direct Contracting beneficiaries. Based on our 2021 outlook for Medicare Advantage and Direct Contracting members, we expect over 340,000 members will be live on the agilon platform in 2022. For Medicare Advantage, agilon anticipates 2022 ending membership will be over 260,000, supported by the addition of 50,000 members from six new geographies and low-to-mid-teens growth within same geographies. agilon's membership outlook for Medicare Advantage in part reflects progress with new geography implementations, including health plan contracting, and contributions from additional groups joining the agilon network within same geographies. For Direct Contracting, agilon expects seven additional physician groups with 30,000-35,000 attributed beneficiaries will participate in the program starting in January, bringing total attributed beneficiaries to 80,000-85,000.
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PEB | Hot Stocks16:13 EDT Pebblebrook Hotel still not providing FY21 outlook due to pandemic uncertainties
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BCC | Hot Stocks16:12 EDT Boise Cascade board increases quarterly dividend 20% to 12c per share - Boise Cascade Board of Directors has declared a quarterly dividend of 12c per share, an increase of 2c per share or 20%, as well as a supplemental dividend of $3.00 per share, to holders of its common stock. The dividends will be paid on December 15, 2021 to stockholders of record on December 1, 2021. "We have consistently stated our intent to maintain a balanced and flexible approach to capital allocation. Today we can reward our shareholders with an increase in our quarterly dividend and our second supplemental dividend of 2021," stated Nate Jorgensen, CEO. "At the same time, we have retained ample balance sheet capacity to reinvest in our existing asset base and pursue organic or acquisition opportunities that align with our strategic growth priorities."
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SGEN | Hot Stocks16:10 EDT Seagen reports Q3 Adcetris revenue $184.8M, Padcev revenue $95M
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SGEN | Hot Stocks16:10 EDT Seagen now sees FY Adcetris net product sales $700M-$710M - Sees FY Padcev net product sales $330M-$335M. Sees collaboration & license agreement revenues $25M-$30M.
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NXGN | Hot Stocks16:10 EDT NextGen Healthcare announces $60M share repurchase program - NextGen Healthcare announced that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to $60 million of its outstanding shares of common stock through March 2023. "We believe that the share repurchase program announced today represents an appropriate and strategic use of the company's cash, while retaining sufficient flexibility to fund future expenditures, including acquisition and partnership opportunities as well as investments in research and development," said David Sides, NextGen Healthcare President and CEO.
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TEAM | Hot Stocks16:09 EDT Atlassian names Bharadwaj as COO, says Beer to retire as CFO - Anu Bharadwaj was named Atlassian's Chief Operating Officer and Joff Redfern was named Atlassian's Chief Product Officer. Anu joined Atlassian in January 2014 and was most recently Head of Enterprise and Cloud Platform. Joff joined Atlassian in June 2017 and was most recently Vice President of Product. Atlassian also announced that James Beer will retire as CFO at the end of June 2022. "James joined as CFO in February 2018 and has played a critical role in helping the company scale. When James joined Atlassian, the company had 2,500 employees, 119,000 customers, and would generate revenue of $881 million in fiscal year 2018. As of the end of the first quarter of fiscal year 2022, the company had nearly 7,000 employees, over 216,000 customers, and is on pace for an annualized revenue run rate of $2.5 billion. Atlassian has already begun an external search for a CFO to succeed James," the company stated.
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FCPT | Hot Stocks16:09 EDT Four Corners Property Trust acquires a Carrabba's property for $1.7M - Four Corners Property Trust announces the acquisition of a Carrabba's property for $1.7M. The property is located in a strong retail corridor in Missouri and is corporate-operated under a triple net lease with approximately six years of term remaining. The transaction was priced at a 6.2% cap rate on rent today, exclusive of transaction costs.
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SBUX | Hot Stocks16:08 EDT Starbucks announces commitment to return $20B to shareholders over 3 years - The company announced a new commitment of returning $20B to shareholders over the next three years through share repurchases and dividends.
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SBUX | Hot Stocks16:07 EDT Starbucks to introduce FY22 targets during Q4 conference call
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SBUX | Hot Stocks16:06 EDT Starbucks reports Q4 global SSS up 17% - Global comparable store sales increased 17%, driven by a 15% increase in comparable transactions and a 2% increase in average ticket. North America comparable store sales increased 22%, primarily driven by an 18% increase in comparable transactions and a 3% increase in average ticket; U.S. comparable store sales increased 22%, driven by a 19% increase in comparable transactions and a 3% increase in average ticket. International comparable store sales increased 3%.
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PTCT | Hot Stocks16:06 EDT PTC Therapeutics raises FY21 revenue view for DMD franchise to $400M-$420M - Had previously seen revenues for the DMD franchise for 2021 of $370M-$390M. Anticipates GAAP R&D and SG&A expense for 2021 $815M-$835M from previous guidance of $825M-$855M.
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AMZN | Hot Stocks16:05 EDT Amazon reports Q3 AWS net sales $16.11B vs. $11.6B a year ago - Amazon reports Q3 AWS operating income of $4.88B vs. $3.53B a year ago.
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AMZN | Hot Stocks16:04 EDT Amazon down 3% after Q3 earnings miss, Q4 guidance - Shares are down $88.60, or 3%, to $3,357.97 in after-hours trading.
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XELA | Hot Stocks16:03 EDT Exela Technologies partners with CareSource for 'digital transformation' - Exela Technologies announced that it has partnered with CareSource, a nonprofit managed care organization. Exela will deploy its cloud based PCH Global platform to help accelerate CareSource's digital transformation journey. This expansion highlights the Company's ability to rapidly implement PCH Global for claims and correspondence submitted by providers, in this case providing quality healthcare coverage for Medicaid consumers from several states across America. Exela continues to invest in expanding PCH Global's capabilities to provide a cloud hosted solution with one of the best edit resolutions for healthcare claims. This extension of deployment marks another milestone in the value proposition of the PCH Global platform to digitally connect members, providers and insurance companies to enable clean claims, payment transparency and digital appeals. PCH Global's cloud network also offers increased scalability, the highest uptime and best business continuity protections. PCH Global has robust data analytics which are continually improving as Exela processes more and more data. Additionally, PCH Global's improved data analytics can be accessed via a self-service model. "The Exela team is pleased to partner with CareSource in their in their digital transformation journey and pleased to strengthen our ties with Dayton," said Suresh Yannamani, President Exela. "Our mission is to provide members and providers a better user experience and overall service to constituents in The Great State of Ohio and other states across the country."
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RETA | Hot Stocks16:02 EDT Reata Pharmaceuticals submits MAA to bardoxolone to EMA for CKD syndrome - Reata Pharmaceuticals "announced its submission of a Marketing Authorization Application for bardoxolone methyl to the European Medicines Agency for the treatment of patients with chronic kidney disease, or CKD, caused by Alport syndrome. This MAA submission is based on the efficacy and safety data from the CARDINAL Phase 3 clinical trial. This submission follows the acceptance for filing by the FDA of the Company's New Drug Application for the treatment of CKD caused by Alport syndrome in the U.S. with a Prescription Drug User Fee Act date of February 25, 2022."
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FB | Hot Stocks16:00 EDT Facebook to retire Oculus brand beginning in early 2022, says Bosworth - Andrew Bosworth, VP of augmented and virtual reality at Facebook, says the Oculus brand is going away starting in early 2022. Bosworth commented that: "VR will be the most immersive way for people to access the metaverse and as we look toward our goal of bringing 1B people into VR, we want to make it clear that Quest is a Meta product. For this reason, we're simplifying our brand architecture and shifting away from the Oculus brand. Starting in early 2022, you'll start to see the shift from Oculus Quest from Facebook to Meta Quest and Oculus App to Meta Quest App over time. We all have a strong attachment to the Oculus brand, and this was a very difficult decision to make. While we're retiring the name, I can assure you that the original Oculus vision remains deeply embedded in how Meta will continue to drive mass adoption for VR today. We'll also expand Meta Horizon as the brand that will encompass all of our first-party immersive social experiences. You've seen this already with Horizon Workrooms and Horizon Worlds. Soon you'll see us shift from Oculus to Horizon Home, Horizon Venues, Horizon Friends, and Horizon Profile." Reference Link
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GLOB | Hot Stocks15:43 EDT Globant launches new studio to 'guide companies into the metaverse' - Globant announced the launch of the Globant Metaverse Studio, which it said "will offer organizations a set of solutions and services to take advantage of the sphere of opportunities provided by this new space." Martin Migoya, Globant CEO and Co-founder, said: "The metaverse opens new digital spaces where companies can extend their presence, offering and creativity, maximizing customer and employee engagement. These new spaces will open the doors for the reinvention of how existing brands connect with their consumers, as well as the opportunity for a new breed of fully digital ones to grow their business."
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IBTX | Hot Stocks15:31 EDT Independent Bank raises quarterly dividend 5.9% to 36c from 34c per share - The dividend will be payable on November 24 to stockholders of record as of the close of business on November 11.
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MPAC | Hot Stocks15:30 EDT Model Performance Acquisition rises after Facebook changes name to 'Meta' - On August 6, MultiMetaVerse Inc., Model Performance Acquisition Corp. (MPAC), certain shareholders of the company, Model Performance Mini Corp. and Model Performance Mini Sub Corp. entered into a merger agreement. Shares of the SPAC are up 66c, or 7%, to $10.65 after news earlier that Facebook (FB) will be changing its corporate name to "Meta," which it says brings together its apps and technologies under one new company brand. "Meta's focus will be to bring the metaverse to life and help people connect, find communities and grow businesses," the company stated.
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MVRS FB | Hot Stocks15:14 EDT Meta unifying payments and financial products under Novi brand - David Marcus, who is responsible for leading Novi, the Meta (MVRS) FinTech unit, said in a series of tweets: "Today with Facebook becoming Meta, we're unifying our payments and financial services unit and products under the @Novi brand. Let me unpack what this will mean across @Meta [...] We've been in the business of facilitating payments across our apps for over a decade, and we've processed over $100B in the last 12 months across our products. [...] Some of these products are branded Facebook Pay, some are unbranded, and our wallet operates under the Novi brand. So over time, we will unify all existing and future payments and financial services experiences under the Novi brand. [...] With this change, we're also transitioning our group name from F2 (Facebook Financial) to Novi. [...] Our mission remains to empower everyone, everywhere to access the world's financial system to accelerate financial inclusion and economic empowerment. [...] I'm excited about the future ahead, and the role Novi will play in enabling people and businesses to move money in more and cheaper ways, and innovate in the Metaverse for creators and consumers alike. Onward!" Reference Link
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FB MVRS | Hot Stocks14:24 EDT Facebook changes name to Meta, ticker will be 'MVRS' on Dec. 1 - Facebook (FB) announced a name to change to introduced Meta, which it says brings together its apps and technologies under one new company brand. "Meta's focus will be to bring the metaverse to life and help people connect, find communities and grow businesses," the company said a statement. Facebook said that while its corporate structure is not changing, how it reports on financials will. Starting with its results for the fourth quarter of 2021, the company plans to report on two operating segments: Family of Apps and Reality Labs. Facebook intends to start trading under the new stock ticker "MVRS" on December 1. "Today's announcement does not affect how we use or share data," it added. Reference Link
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FB | Hot Stocks14:20 EDT Facebook announces name change to Meta with ticker 'MVRS'
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FB | Hot Stocks14:20 EDT Facebook says corporate structure isn't changing with Meta rebrand - Says Meta a social technology company.
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FB | Hot Stocks14:18 EDT Facebook rebrands as Meta - Says mission remains the same, still about "bringing people together." Says metaverse is the "next chapter" for the internet. Says high taxes on new ideas are "stifling." Says want to be seen as a metaverse over time. Says will be metaverse first, not Facebook first.
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FB | Hot Stocks14:07 EDT Facebook up nearly 2% at $318 as company unveils new VR products
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FB | Hot Stocks14:06 EDT Facebook working on 'true' AR glasses - Says working on a new high-end set of AR glasses.
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EVRI | Hot Stocks14:03 EDT Everi says North American footprint expanded with launches in Connecticut - Everi Digital, the online gaming division of Everi Holdings, announced that it has partnered with multiple iGaming operators to bring Everi's gaming content to online casinos in Connecticut. "Our growing partnerships with iGaming operators have allowed us to deliver top-performing content to online players currently across a total of nine states and provinces in the U.S. and Canada. Everi's strong and growing digital game presence continues to resonate with players in all of the markets where we are live. We are pleased to be a day one launch partner in the state, and we are confident our distinct games will be popular with online players in Connecticut as we continue to grow our online presence," said David Lucchese, Executive Vice President of Sales, Marketing, and Digital for Everi.
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FB | Hot Stocks14:02 EDT Facebook working on new high-end VR headset codenamed Cambria - Says working on multiple new hardware products for VR/metaverse. Says working on Project Cambria, a new high-end VR headset for next year. Says Cambria will include more sensors for form factor, so avatars have more accurate facial and physical movements. Says Cambria will have mixed colored AR passthrough. Says Cambria will utilize "pancake optics" for an improved user experience. Says starting to work with developers to create experiences for Cambria.
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RFL | Hot Stocks14:00 EDT Rafael Holdings trading resumes
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FB | Hot Stocks13:56 EDT Facebook says metaverse will reach 1B people within a decade - Says metaverse will reach a billion people within a decade. Says Presence Platform coming to Quest 2, which will deliver on "promise" of "realistic" features in VR. Says over 80B effects applied each month to AR apps. Says new tool to make AR creation more accessible for creators. Says privacy standards and interoperability need to be built into metaverse "from day one."
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RFL | Hot Stocks13:54 EDT Rafael Holdings trading halted, volatility trading pause
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FB | Hot Stocks13:37 EDT Facebook says educational tools and experiences coming to VR - Says metaverse will allow for virtual educational and research tools. Says VR tools can teach people surgical techniques, put people in a virtual ancient Rome, and look at nature.
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FB | Hot Stocks13:34 EDT Facebook says fitness accessories pack coming next year to Oculus - Says will introduce room customization to Horizon Workrooms later this year. Says working on in-home workspace for Home. Says 2D progressive web apps coming to Quest store. Says testing support for work Oculus accounts without needing social media account integration. Comments taken from Facebook Connect presentation.
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FB TTWO | Hot Stocks13:27 EDT Facebook says 'GTA: San Andreas' VR game in development for Oculus Quest 2 - Facebook (FB) CEO Mark Zuckerberg said that Take-Two's (TTWO) "Grand Theft Auto: San Andreas" is in development for Oculus Quest 2 as a VR game. Comments taken from Facebook Connect presentation.
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FB | Hot Stocks13:25 EDT Facebook CEO says live services games to be big part of metaverse - Says gaming is how many will step into the metaverse for the first time. Says "heavily" investing in building solid VR/AR infrastructure for metaverse. Says live services games will be big part of metaverse/VR plans. Comments taken from Facebook Connect presentation.
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FB | Hot Stocks13:20 EDT Facebook says building Horizon marketplace for virtual items and products - Says VR headset users can make virtual home environments, attend virtual concerts and parties, and even build a home workspace. Says new creator capabilities will allow for the formation of 3D objects that users can interact with. Says building Horizon marketplace where creators can sell and share digital items. Says gaming biggest entertainment industry "by far." Comments taken from Facebook Connect presentation.
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FLR BWXT | Hot Stocks13:20 EDT Fluor awarded DOE contract to execute $21B SRS integration completion contract - Fluor Corporation (FLR) announced that the U.S. Department of Energy, DOE, selected Savannah River Mission Completion, SRMC-a joint venture led by a subsidiary of BWX Technologies(BWXT), with Fluor and Amentum-to execute the Savannah River Site Integrated Mission Completion Contract. The single indefinite delivery/indefinite-quantity contract is valued at up to $21B over a 10-year ordering period of performance. The contract's scope of work includes liquid waste stabilization and disposition, and potentially nuclear materials management and stabilization, and other requirements. "Fluor has been a part of the Savannah River Site community for 13 years and we're looking forward to continuing these ongoing efforts with this new work in the liquid waste market," said Tom D'Agostino, president of Fluor's Mission Solutions business. "The SRMC team's experience and integrated approach enables us to optimize liquid waste operations to complete this large-scale cleanup effort safely and cost effectively. We look forward to building upon our relationships in the community and with regulators to move DOE's SRS mission forward."
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FB | Hot Stocks13:16 EDT Facebook CEO says metaverse building blocks starting to 'take shape' - Facebook CEO Mark Zuckerberg said in a keynote speech that the metaverse "a ways off," but building blocks starting to "take shape." Says metaverse will come with avatars, which will be like profile pictures but with more "lifelike" and customizable characteristics. Says teleporting around metaverse will be similar to clicking a link on the web. Says privacy and safety need to be built into metaverse from day one. Says users will be able to bring things from the real world into the metaverse, such as books and video games. Sees a lot of virtual activities becoming more mainstream in 5-10 years. Says Horizon is platform Facebook using to build and create the metaverse. Says will introduce social version of Facebook Home "soon." Comments taken from Facebook Connect presentation.
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FB | Hot Stocks13:15 EDT Facebook CEO says metaverse building blocks starting to 'take shape' - Facebook CEO Mark Zuckerberg said in a keynote speech that the metaverse "a ways off," but building blocks starting to "ake shape." Says metaverse will come with avatars, which will be like profile pictures but with more "lifelike" and customizable characteristics. Says teleporting around metaverse will be similar to clicking a link on the web. Says privacy and safety need to be built into metaverse from day one. Says users will be able to bring things from the real world into the metaverse, such as books and video games. Sees a lot of virtual activities becoming more mainstream in 5-10 years. Says Horizon is platform Facebook using to build and create the metaverse. Says will introduce social version of Facebook Home "soon." Comments taken from Facebook Connect presentation.
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MTG | Hot Stocks13:14 EDT MGIC Investment announces additional $500M share repurchase program - MGIC Investment Corporation announced its board of directors has authorized a new share repurchase program under which the Company may repurchase up to $500M of its common stock through the end of 2023. The new authorization is in addition to the Company's remaining stock purchase authorization of approximately $141M, which expires at the end of 2021. Repurchases may be made from time to time on the open market or through privately negotiated transactions. The repurchase programs may be suspended for periods or discontinued at any time. As of September 30, 2021, the Company had approximately 329.3 million shares of common stock outstanding and had approximately $716 million of cash and investments. The Company expects to fund the purchases with these resources and future dividends that may be received from its principal subsidiary, Mortgage Guaranty Insurance Corporation.
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FOUR | Hot Stocks13:02 EDT Shift4 Payments says October payment volume up over 80% from last year - Shift4 announced that October payment volume is up over 80% versus the similar period a year ago, and active merchant counts are up over 25% for the same period. "While this record performance is strong across all core markets, the sports and entertainment vertical is particularly strong, with over 80 venues and sports teams adopting Shift4 software and payment services during the past several months. Despite constrained supply chains around the world, Shift4 has been able to support this growth through a wide variety of payment devices, with over 40 PCI validated devices using Shift4's proprietary encryption. Possessing so many unique hardware certifications is central to Shift4's integrated payment strategy: it has afforded the company significant optionality in order to meet current and anticipated demand without any disruption," the company announced. "We look forward to sharing details on our strong performance during our Investor Field Day on November 10th at Allegiant Stadium in Las Vegas. "In addition to continued progress across our core markets, we've got some very exciting wins in new verticals, including the most significant TAM expansion initiative yet. We are excited to share more details on these notable wins, product and market updates as well as to set expectations for the year ahead," said Jared Isaacman, Shift4 CEO. The Investor Field Day event will follow the release of Shift4's third quarter results earlier that morning, the company noted.
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BWXT | Hot Stocks13:01 EDT BWX Technologies awarded $21B environmental management contract - BWX Technologies announced a contract with an estimated ceiling of approximately $21B over a 10-year ordering period from the U.S. Department of Energy for environmental management operations at the Savannah River Site in South Carolina. The DOE announced the award of the Savannah River Site Integrated Mission Completion Contract to Savannah River Mission Completion, which is a joint venture led by a BWXT subsidiary and includes subsidiaries of Amentum and Fluor. The team includes two pre-selected small businesses, DBD and Wesworks, who provide specialized modeling and project controls expertise, respectively. The scope of work for the contract includes liquid waste stabilization/disposition and potentially nuclear materials management and stabilization, among other requirements. SRS is a 310-square-mile site that encompasses parts of Aiken, Barnwell and Allendale counties in South Carolina and is bordered on the west by the Savannah River and Georgia.
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NWINF | Hot Stocks12:50 EDT Naked Wines jumps 26% to $11.50 following recommendation on CNBC
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AROW | Hot Stocks12:46 EDT Arrow Financial board approves stock buyback of up to $5M - The board of directors of Arrow Financial Corporation on October 27, 2021, approved a new stock repurchase program authorizing the repurchase, at the discretion of senior management, of up to $5M of the company's common stock for the 2022 calendar year, in open market or negotiated transactions. This new repurchase program will replace the prior $5M repurchase program authorized on January 27, 2021, which expires December 31, 2021. Through September 30, 2021, the company had repurchased approximately $1.46M of company common stock under the 2021 program.
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ROK | Hot Stocks12:14 EDT Rockwell Automation increases quarterly dividend 5% to $1.12 per share - The Board of Directors of Rockwell Automation, following its regular review, declared a quarterly dividend of $1.12 per share on its outstanding common stock, payable December 10, 2021 to shareowners of record at the close of business on November 15, 2021. This increase of 5% from last quarter's dividend of $1.07 reflects continued strong cash generation and reinforces the company's commitment to returning cash to shareowners.
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XBIT | Hot Stocks12:02 EDT XBiotech to commence randomized, placebo-controlled study of True Human - XBiotech announced its plan to commence a randomized, placebo-controlled clinical study to test its new True Human antibody therapy for reducing brain injury after stroke. The study will be conducted across the United States at leading medical centers that provide advanced stroke care. During a stroke, endovascular catheters and clot-busting drugs may be used in emergency care to unblock an artery and return blood supply to the brain. However, when the artery is re-opened and blood supply returns to the oxygen starved region of the brain, further irreparable damage to brain tissue often ensues. There are no drugs approved for the treatment of this phenomena- known as ischemia-reperfusion injury-which is believed to be the result of inflammation. Ischemia reperfusion injury can result in debilitating brain injury or death. XBiotech's new candidate therapy is intended to reduce brain injury that occurs due to ischemia and reperfusion injury. To test its drug candidate, the current clinical study will involve an innovative measure that employs cutting-edge imaging technology and a novel objective assessment of treatment response. Conventional clinical measures, such as modified Rankin Scale, will also be used to assess patient outcomes. The study design was developed by XBiotech in collaboration with a steering committee Chaired by leading Neurologists Dr. Greg Albers, Director, Stanford Stroke Center, Stanford Medical Center, Dr. Brett Cucchiara, Professor of Neurology and Director of Neurovascular Ultrasound Laboratory, University of Pennsylvania Hospital and Dr. Clay Johnston, former Dean of Dell Medical School, University of Texas.
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PRLB | Hot Stocks12:01 EDT Proto Labs falls -19.6% - Proto Labs is down -19.6%, or -$14.46 to $59.26.
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IRNT | Hot Stocks12:01 EDT IronNet falls -25.1% - IronNet is down -25.1%, or -$4.09 to $12.25.
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RFL | Hot Stocks12:01 EDT Rafael Holdings falls -80.1% - Rafael Holdings is down -80.1%, or -$24.16 to $6.01.
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MXL | Hot Stocks12:00 EDT MaxLinear rises 16.4% - MaxLinear is up 16.4%, or $8.51 to $60.23.
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LC | Hot Stocks12:00 EDT LendingClub rises 28.9% - LendingClub is up 28.9%, or $9.15 to $40.77.
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WOLF | Hot Stocks12:00 EDT Wolfspeed rises 32.5% - Wolfspeed is up 32.5%, or $29.50 to $120.37.
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WABC | Hot Stocks11:51 EDT Westamerica raises quarterly cash dividend to 42c per share - Westamerica Bancorporation has declared a quarterly cash dividend of 42c per share on common stock outstanding to shareholders of record at the close of business November 8. The dividend is payable November 19. Chairman, President and CEO David Payne stated, "This increase in our quarterly dividend recognizes Westamerica's reliable earnings stream, financial strength and conservative risk profile. Westamerica's annual dividend has increased in each of the last 31 years."
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NWBO | Hot Stocks11:45 EDT Northwest Biotherapeutics reports HTA license issued for Sawston facility - Northwest Biotherapeutics announced the completion of two key milestones which are required for production of DCVax products at the company's manufacturing facility in Sawston, UK, and which have been a major focus since the completion of initial construction last year. First, a license to work with human tissues for medical products at Sawston has been issued by the UK Human Tissue Authority to the company's contract manufacturer and operator of the facility, Advent BioServices. Second, the comprehensive regulatory inspection of the facility has been conducted by the UK Medicines and Health Products Regulatory Authority. Intensive preparations have been under way all year for this comprehensive inspection. A detailed application package and data were submitted to MHRA to qualify for the inspection. The original inspection timing was delayed by MHRA due to their caseload; however, the week-long onsite review by two MHRA inspectors was recently completed. The final phase of the process involves receiving an official MHRA inspection report and taking any responsive actions that may be required. The company currently anticipates that this process will be completed before year-end.
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UFS | Hot Stocks11:34 EDT Domtar says second worker lost life in collapse at Windsor Mill - The company said, "Domtar received confirmation from the Surete du Quebec this morning of the tragic news regarding the second worker, Mr. Hugo Pare, who also lost his life following the collapse of a scaffolding on October 26 at approximately 1:35 a.m. at the company's Windsor mill. This loss is in addition to Mr. Yan Baillargeon, who was found yesterday. Our thoughts and sympathies go out to the families of Mr. Pare and Mr. Baillargeon and to the colleagues affected by this tragic accident. This tragedy affects and saddens us all. We are focusing our efforts on supporting our colleagues and their families. Domtar would like to thank all those who have worked tirelessly to assist. Domtar will continue to cooperate and participate in the ongoing investigation by the Surete du Quebec and the CNESST to determine the cause of the accident."
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F | Hot Stocks11:29 EDT Qmerit to team with Ford for home EV charger station installations - Qmerit announced that it has teamed up with Ford Motor for home EV charger station installations for its currently available all-electric vehicles. "Qmerit will provide Ford's Mustang Mach-E customers with its Charge@Home services for installing and supporting EV charger stations at individual homes and multi-family residences... Ford's Mustang Mach-E customers can choose to add a Ford Connected Charge Station to their orders and finance them with the vehicle. They can also order directly through their dealer of choice before or after the purchase. Afterward, they can visit Qmerit to find certified installers in their area. The installation service extends to Mustang Mach-E customers who need an upgrade to a 240V outlet for their Ford Mobile Chargers," the company stated.
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DNA | Hot Stocks10:48 EDT Scott Gottlieb says Ginkgo tried coercing him to make appearance - Former head of the FDA Scott Gottlieb said via Twitter: I'm scheduled to speak at @Ginkgo Bioworks conference today, but owing to non covid viral illness, I regrettably cannot able to attend in person. The Ginkgo management team tried to coerce me to show up. Perhaps they didn't believe me. But I refused to put people at risk. This is the new normal unfortunately, we all must be more vigilant about appearing in public settings while we have an illness. It's disappointing to see @Ginkgo, which purports to be a healthcare company, not respect these basic public health ethos in way I would have expected." Shares of Ginkgo Bioworks (DNA) are up 36c to $14.69 in morning trading.
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PYR | Hot Stocks10:37 EDT PyroGenesis selected to provide $9.2M land-bases system to destroy PFAS - PyroGenesis Canada announced that it has been selected to provide a $9.2M land-based system to destroy Perfluoroalkyl and Polyfluoroalkyl Substances.The client is a large operator of public water systems, whose name will remain confidential for competitive reasons. PyroGenesis was recently informed that, after a competitive bidding process, it had been selected to provide its plasma based thermal process equipment in a two-phase project geared to providing a land-based system to destroy PFAS. The first phase is to provide pilot testing. The second phase is geared to a full fabrication, furbishing and commissioning of a fully commercial land-based system. The time to completion is, from the signing of the contract, approximately 6 months for the pilot system with the timeframe for the full system to be determined based on Phase 1. Work will not begin until a definitive agreement is signed by both parties. PyroGenesis is currently pursuing two additional opportunities within the same State in the USA.
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SAVE | Hot Stocks10:27 EDT Spirit Airlines sees labor market becoming 'more normal' as economy recovers
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SAVE | Hot Stocks10:22 EDT Spirit Airlines views 2022 as 'recovery year' - Says pandemic "moving in right direction."
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J HON | Hot Stocks10:21 EDT Jacobs reports award of $8B U.S. Department of Energy contract - Jacobs (J), as a member of the United Cleanup Oak Ridge LLC joint venture, was awarded the Oak Ridge Reservation Cleanup Contract. UCOR, formed by Amentum, Jacobs and Honeywell (HON), will support the U.S. Department of Energy's mission by performing environmental clean-up at the Oak Ridge Reservation, which includes the Y-12 National Security Complex, Oak Ridge National Laboratory and the East Tennessee Technology Park, the company said. The DOE estimates the contract value at $8.3B, to be awarded over a 10-year period. The new contract will replace the ETTP contract awarded in 2011 to Jacobs as part of URS CH2M Oak Ridge LLC, the company noted.
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SAVE | Hot Stocks10:18 EDT Spirit delaying return to full fleet utilization to late 2022/early 2023
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SAVE | Hot Stocks10:17 EDT Spirit Airlines considering new crew bases following August issues
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SAVE | Hot Stocks10:12 EDT Spirit Airlines sees FY21 CapEx about $290M - Sees Q4 EBITDA margin (5%)-breakeven.
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SAVE | Hot Stocks10:11 EDT Spirit Airlines says Q4 revenue tracking in line with 4Q19
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SAVE | Hot Stocks10:09 EDT Spirit Airlines: Yields, loads for holiday season looking 'quite healthy'
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SAVE | Hot Stocks10:08 EDT Spirit Airlines sees Q4 capacity up 11.2% vs. 4Q19
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SAVE | Hot Stocks10:04 EDT Spirit Airlines: July was 'solidly profitable' - Comments taken from Q3 earnings conference call.
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MXCT NKTX | Hot Stocks10:03 EDT MaxCyte signs strategic platform license with Nkarta - MaxCyte (MXCT) announces the signing of a strategic platform license with Nkarta (NKTX). Under the terms of the agreement, Nkarta obtains non-exclusive clinical and commercial rights to use MaxCyte's Flow Electroporation technology and ExPERT platform. In return, MaxCyte is entitled to receive platform licensing fees and program-related milestone payments. The Nkarta approach maximizes the therapeutic effect of allogeneic NK cells through robust expansion, enhanced targeting and extended persistence resulting in potent immune cells that enable a sustained anti-cancer immune-mediated attack.
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DLTR | Hot Stocks10:02 EDT Dollar Tree, Instacart expand partnership for same-day delivery - Instacart and Dollar Tree announced the companies' expanded partnership to offer same-day delivery in as fast as one hour from nearly 7,000 Dollar Tree stores. Now, nearly 98M U.S. households have access to Dollar Tree's and Family Dollar's broad and affordable selection of household goods and seasonal decor, pantry and baby essentials, office, party and school supplies, personal care items and more, delivered from nearly 13,000 locations. With the Dollar Tree expansion, Instacart now partners with more than 700 national, regional and local retailers, including unique brand names, to deliver from more than 65,000 stores.
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BAESY | Hot Stocks10:01 EDT BAE Systems reports $26M contract to equip U.S. Navy Constellation frigates - BAE Systems announced it has received a $26M contract to equip the U.S. Navy's Constellation class frigates with the fully-automatic 57mm Mk 110 naval gun. The contract awarded earlier this month includes engineering support and calls for two Mk 110s for the USS Constellation and USS Congress, the company stated.
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IRNT | Hot Stocks10:00 EDT IronNet falls -17.0% - IronNet is down -17.0%, or -$2.77 to $13.57.
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TWLO | Hot Stocks10:00 EDT Twilio falls -19.4% - Twilio is down -19.4%, or -$67.20 to $278.46.
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RFL | Hot Stocks10:00 EDT Rafael Holdings falls -79.6% - Rafael Holdings is down -79.6%, or -$24.02 to $6.15.
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MXL | Hot Stocks10:00 EDT MaxLinear rises 19.0% - MaxLinear is up 19.0%, or $9.81 to $61.53.
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WOLF | Hot Stocks10:00 EDT Wolfspeed rises 25.0% - Wolfspeed is up 25.0%, or $22.76 to $113.63.
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LC | Hot Stocks10:00 EDT LendingClub rises 29.6% - LendingClub is up 29.6%, or $9.37 to $40.98.
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NOC | Hot Stocks09:58 EDT Northrop Grumman says strong backlog, pipeline - Expects FY22 CapEx approximately flat vs. FY21. Says has experienced "fairly minimal" supply chain impacts to date. Feels "really good" about current portfolio and ability to generate growth. Says returning cash to shareholders remains a "priority."
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IRNT | Hot Stocks09:47 EDT IronNet falls -14.4% - IronNet is down -14.4%, or -$2.36 to $13.98.
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TWLO | Hot Stocks09:47 EDT Twilio falls -17.2% - Twilio is down -17.2%, or -$59.32 to $286.34.
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RFL | Hot Stocks09:47 EDT Rafael Holdings falls -79.0% - Rafael Holdings is down -79.0%, or -$23.84 to $6.33.
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CYH | Hot Stocks09:47 EDT Community Health rises 15.3% - Community Health is up 15.3%, or $1.55 to $11.66.
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WOLF | Hot Stocks09:47 EDT Wolfspeed rises 16.2% - Wolfspeed is up 16.2%, or $14.75 to $105.62.
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LC | Hot Stocks09:47 EDT LendingClub rises 29.4% - LendingClub is up 29.4%, or $9.31 to $40.93.
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VLTA | Hot Stocks09:43 EDT Volta rallies after Leonardo DiCaprio says partnering with company - Actor Leonardo DiCaprio said via Twitter: "We must move beyond a carbon-based economy to prevent irreversible climate change. Pleased to work with @VoltaCharging, who has delivered 100 million electric miles to EV drivers across the U.S. #VoltaPartner." Shares of Volta are up 8% to $7.50 in early trading.
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MGM GMVHF | Hot Stocks09:33 EDT BetMGM launches BetMGM Horse Racing mobile app in Ohio - BetMGM announced the launch of the BetMGM Horse Racing mobile app in Ohio, setting the stage for the BetMGM Horse Racing app's entry into additional markets nationwide. BetMGM Horse Racing allows Buckeye State customers to watch and wager on premier Thoroughbred, Harness and Quarter Horse races at more than 200 tracks around the world.
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NAOV | Hot Stocks09:31 EDT NanoVibronix CEO says supply chain constraints 'currently a challenge' - NanoVibronix provided the following business update and letter to shareholders from its CEO Brian Murphy: "As 2021 comes to a close, I want to share an overview of recent accomplishments, provide an update on current projects and convey our expectations relative to several impactful issues. Our sales and marketing initiatives, which are gaining traction, are focused on three distinct initiatives related to product adoption and commercialization: Reimbursement; Support of our existing sales network; Developing a critical mass as validation of product acceptance We continue to seek category specific license partners where there is a mutual benefit. The foundationally necessary components viewed as essential, include retaining quality personnel, product integrity, and product cost...Demand for our products continues to strengthen, which we believe will soon be reflected in our financial results. Like most business, supply chain constraints are currently a challenge for our business, but we are identifying alternative and parllel sources for componentry, with the additional benefit of improved economics sourcing. In addition to component alternatives, we are also exploring contract manufacturing opportunities. While we ended the third quarter with a backlog of orders, we expect to be current with fulfillments by the end of Q4. We have committed to a Q1 2022 delivery of a more significant quantity than ever before. The success of medical devices is reliant upon strong clinical evidence, and we have been active in this area. Following the succesful independent study published earlier this year, we are completing an additional clinical study in the United Kingdom on UroShield which we expect to be published next year. Additionally, we recently released the final results of a randomized control trial using PainShield to treat the pain and physical limitations of Tennis Elbow. The tennis elbow study achieved exceptional results using PainShield,reporting an incredible 92% effectiveness in resolving the pain associated with Lateral Epicondylitis, solid proof of an effective clinical application...We introducted two new products in the second half of this year, PainShield Plus and PainShield Relief. PainShield Plus has already been shipped to customers and is performing well. We expect PainShield Relief, our over-the-counter product, to be submitted for 510K clearance by the end of November. We are awaiting final testing of the product's energy production technical performance, which is on schedule to be completed by mid-November. Once submitted to the Federal Drug Administration, we expect a response within 90 days with a target release for clearance in Q1 2022. There are several expected near-term catalysts for our business including: Completion of NHS evaluation of UroShield. After a lengthy clinical and economic NHS evaluation of UroShield, we expect NICE Guidance to be completed in the next few months. Accordingly, we are actively preparing for NHS adoption of UroShield in early 2022. Launch of PainShield Relief, our first non-prescription device for the consumer market Launch of sales in Canada and the Middle East Granting of three additional patents by the end of 2021 Continued growth and product adoption from our distributor network. Our balance sheet remains strong with approximately $8.6 million in cash and no debt, outside of the ordinary course of business payables, as of September 30,2021 providing us with the financial flexibility and capital to fund our growth initiatives, support manufacuturing to deliver on an increasing level of orders and invest in product development."
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MA | Hot Stocks09:28 EDT MasterCard: Debit spend remains elevated, but has moderated in recent weeks
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RCL | Hot Stocks09:27 EDT Royal Caribbean launches program for net zero emissions by 2050 - Royal Caribbean announced Destination Net Zero, a comprehensive decarbonization strategy that includes pledging to establish Science-Based Targets and achieving net zero emissions by 2050. Over 18 to 24 months, the cruise company will develop goals to be validated by the Science Based Targets initiative, the first such pledge for the cruise industry. The work will begin following the publication of SBTi's marine transport methodology. One of the milestones includes the delivery of a net zero cruise ship by 2035.
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SXI | Hot Stocks09:26 EDT Standex raises quarterly dividend 8% to 26c per share - The dividend is payable November 24 to shareholders of record on November 8.
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MA | Hot Stocks09:25 EDT MasterCard sees Q4 tax rate 18%-19%
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B RYCEY | Hot Stocks09:24 EDT Barnes Aerospace extends long-term pact with with Rolls-Royce's ITP Aero - Barnes Aerospace, a business unit of Barnes Group (B) announced that it has extended a long-term agreement with ITP Aero, a Rolls-Royce (RYCEY) company for the manufacture of components and assemblies for the Trent XWB engine program. Barnes Aerospace will continue to leverage its expertise and technology in the advanced metal forming, fabrication, and assembly of complex components. "With a focus on driving innovation through industry-leading technical, quality, and manufacturing capabilities, Barnes Aerospace has once again been selected as a key supplier on the Trent XWB engine program," said Mike Beck, Senior Vice President, Barnes Group Inc. and President, Barnes Aerospace. "We are delivering exceptional execution through our Barnes Enterprise System, and the willingness and confidence of ITP Aero and Roll-Royce's to extend this contract with Barnes Aerospace is testament to our excellent, long standing relationship, and the value placed on such performance."
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MA | Hot Stocks09:22 EDT MasterCard 'optimistic' about relaxation of cross-border restrictions
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AMPG | Hot Stocks09:22 EDT AmpliTech Group secures $1.2M of new orders for LNA - AmpliTech announced that it has been awarded $1.2M of new orders for Low Noise Amplifier, LNA, technology from a Fortune 500 global defense and aerospace company and defense aerospace, naval and commercial aerospace applications provider. The orders, which increase AmpliTech's order backlog to a record $3.4M as of today's date, are expected to ship in calendar 2022. Fawad Maqbool, CEO, commented, "AmpliTech's industry-leading LNA technology increases the power of a radio signal while eliminating the distortion or "noise" that can degrade or destroy digital signals. Our LNA technology delivers substantial performance and bandwidth improvements in satellite communications and can play an instrumental role in achieving true gigabit data transmission speeds for next generation 5G networks on a more cost-effective basis. Our growing order backlog confirms the strength of our LNA technology and reflects initial benefits of investments we are making to expand our sales and marketing reach and production and technical capabilities. We are proud that the performance, quality, and return on investment of our solutions is being acknowledged with growing demand from global leaders."
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TFFP | Hot Stocks09:21 EDT TFF Pharmaceuticals approved by Health Canada to enter trials for niclosamide - TFF Pharmaceuticals announced that it has received approval from Health Canada to begin a Phase 1 clinical trial of a dry powder formulation of niclosamide, an antiviral treatment with potential to address COVID-19 and other infectious diseases. The Phase 1 study was cleared by Health Canada via a No Objection Letter, NOL, received on October 22, 2021. TFF Pharmaceuticals anticipates the first patient will be dosed in the study in November and that enrollment will be completed by early Q1 2022. "Early on in the COVID-19 pandemic, niclosamide was identified as a highly promising option for treating severe COVID-19 because of its ability to inhibit cellular processes in the human cell that are required for SARS-CoV-2 replication, thereby inhibiting the production of new viral particles from infected cells," said Glenn Mattes, CEO of TFF Pharmaceuticals. "Our inhaled niclosamide powder, developed via TFF's unique Thin Film Freezing technology platform, has been shown to reduce COVID-19 viral load in vivo and offers both direct delivery to the site of infection in the lung and more convenient outpatient administration compared to the IV administered approved antibody COVID-19 treatments. We believe that our preclinical results for inhaled niclosamide will translate to positive outcomes in humans and look forward to initiating the study." The Phase 1 study will consist of a Single Ascending Dose phase with single inhalation doses of 0.5, 2, and 6 mg in three cohorts of healthy volunteers, including six volunteers that will receive active drug and two that will receive placebo; followed by a Multiple Ascending Dose phase in which two cohorts of healthy volunteers will receive doses of 3 and 6 mg, respectively, every 12 hours for five days. Following results from the Phase 1 trial, the next step will be to initiate a Phase 2/3 study in patients with COVID-19. Per an agreement initiated in August 2020, UNION Therapeutics A/S has an option to exclusively license the dry powder formulation of niclosamide.
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MA | Hot Stocks09:19 EDT MasterCard in 'growth phase' in most markets, says CEO
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MTTR | Hot Stocks09:19 EDT Matterport announces availability of Matterport for Mobile for Android users - Matterport announced that Matterport for Mobile now gives Android users worldwide the power to instantly create a dimensionally accurate digital twin of buildings and spaces with just the smartphone in their pocket. Now available in 175 countries in the Google Play app store, the company's breakthrough 3D capture app for Android taps into the platform's leading market share of the global mobile device market. With more than 6 billion active smartphones in the world today, Matterport aims to sharply accelerate its progress toward digitizing the built world.
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NOC | Hot Stocks09:18 EDT Northrop Grumman says adjusted free cash flow generation continues to be strong - Says seeing impact on sales from Covid-19. Comments taken from Q3 earnings conference call.
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RCI | Hot Stocks09:17 EDT Rogers Communications announces $4M investment in Simcoe County, Ontario - Rogers announced that it will be taking the next step in closing the digital divide by expanding its fibre network to the Township of Ramara in Simcoe County, Ontario. "Connectivity plays a vital role in ensuring people can work, communicate with friends and family, gain education, access health care, and contribute meaningfully to their communities," said Phil Hartling, Executive Vice President, Service Expansion, Rogers Communications. "We are pleased to see our collaboration with the Township of Ramara come to fruition in what will offer a range of options to deliver reliable connectivity and improve the daily lives of local residents and business owners." Through a partnership with the Township of Ramara, Rogers will invest over $4M to expand its fibre network across 38 square kilometers of underserved areas, servicing more than 800 homes and businesses in Ramara. Construction, in collaboration with Ruralwave has already started, and is expected to be completed by mid-2022.
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DZSI JBL | Hot Stocks09:15 EDT DZS chooses Jabil to expand manufacturing footprint - DZS (DZSI) announced an agreement with Jabil (JBL) to significantly expand its manufacturing services in support of the demand for DZS broadband access, mobile transport and connected premises equipment solutions globally. This expansion will further the company's manufacturing footprint and improve economies of scale. "Jabil provides DZS the technical alignment, manufacturing scalability, and agility required to meet the strong demand for leading-edge, next-generation fiber access products and 5G xHaul offerings in 2021 and beyond," said Charlie Vogt, President and CEO, DZS. "Jabil's manufacturing and supply chain expertise, plus agility, will enable DZS to advance our hybrid manufacturing and supply chain sustainability strategy that minimizes risk in light of world events, including pandemics and natural disasters, so that we can deliver what our customers need, when they need it, at an optimized price." With facilities in Vietnam, Malaysia, Ukraine, Hungary, Brazil, the U.S. and Mexico, Jabil's global manufacturing presence gives DZS the capability to "build anything anywhere" in response to customer demand or to mitigate the supply chain impacts of unforeseen world events.
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PPSI | Hot Stocks09:15 EDT Pioneer Power receives E-Bloc solution purchase orders for over $1M - Pioneer Power has received multiple orders in the past 14 days totaling more than $1.0M, in aggregate, for its E-Bloc distributed generation solutions from customers across a number of vertical markets. The company expects to begin delivering the orders in Q4. E-bloc provides the connectivity to install EV charging and green energy solutions while speeding installation and minimizing disruption to operations.
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MA | Hot Stocks09:15 EDT MasterCard seeing continued strength in domestic spending in most markets
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YUM | Hot Stocks09:14 EDT Yum! Brands sees FY21 capital expenditures $175M - Says expects core operating profit growth to be negatively impacted in Q4. Sees FY21 consolidated G&A $1.05B. Says Taco Bell store margins have began to normalize. Says confident can deliver Taco Bell store margins in line with pre-covid levels in 2021 and beyond. Sees FY21 interest expense $500M. Says labor availability remains tight. Sees FY21 capital expenditures $175M. Comments and guidance taken from Q3 earnings conference call.
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MSGM | Hot Stocks09:13 EDT Motorsport Games announces official launch of NASCAR 21: Ignition - Motorsport Games announces the official launch of NASCAR 21: Ignition, available to play today. The newest installment in the officially licensed NASCAR gaming franchise is available for Sony PlayStation 4, Microsoft Xbox One and PC through the Steam store. "NASCAR 21: Ignition is out and we couldn't be more excited to share our game with the fans," said Dmitry Kozko, CEO of Motorsport Games. "Our team has poured its passion into this game, along with adding Unreal Engine and rFactor physics, to create the most authentic, realistic and dynamic NASCAR simulation we've ever produced. Fans will truly be able to feel the thrill of getting behind the wheel and racing to glory in NASCAR 21: Ignition." NASCAR 21: Ignition is developed and published by Motorsport Games and is powered by Unreal Engine and Studio 397's rFactor physics engine. NASCAR 21: Ignition contains the official drivers, teams and tracks from the 2021 NASCAR Cup Series, including broadcast quality pre-race build up and post-race replays.
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USIO | Hot Stocks09:13 EDT Usio reports Q3 credit card dollars processed up 43% - Louis Hoch, President and Chief Executive Officer of Usio, said, "Third quarter total dollars processed were up 141% from $852 million processed in the third quarter of 2020. Both Credit Card dollars and transactions processed for the third quarter set an all-time record, led by an increase in PayFac volume while total dollars loaded on prepaid cards exceeded $57 million, a new quarterly record. These results illustrate the value of our payment channel diversification strategy as we experienced a small, sequential downturn in ACH growth this quarter as expected. This strategy has led to strong results over this past year and is expected to continue to power our results. Furthermore, we expect this strategy should cause us to report record revenues for the third quarter and continued generation of positive cash flow." Third Quarter Processing Results: Credit Card Dollars Processed + 43%; Credit Card Transactions Processed + 76%; Prepaid Card Load Volume + 2%; Prepaid Card Transaction Volume + 115%; Prepaid Card Purchase Volume + 18%. Electronic Check Transaction Volume +86%; Return Check Transactions Processed +100%; Electronic Check Dollars Processed +182%. Total Dollars processed $2.1B.
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VIAC... | Hot Stocks09:13 EDT ViacomCBS to acquire majority interest in Fox TeleColombia & Estudios TeleMexico - ViacomCBS (VIAC, VIACA) announced that ViacomCBS Networks International has entered into a definitive agreement to acquire a majority stake in the Spanish language content producer, Fox TeleColombia & Estudios TeleMexico from The Walt Disney Company (DIS) and the founding family of Fox TeleColombia & Estudios TeleMexico. ViacomCBS International Studios' VIS, a division of VCNI, will operate Fox TeleColombia & Estudios TeleMexico as a collaborative partnership with the founding family. The transaction is subject to regulatory approval and customary closing conditions. The terms of the transaction were not disclosed.
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ANF UBER | Hot Stocks09:10 EDT Abercrombie & Fitch launches same-day delivery service across US - Abercrombie & Fitch (ANF) announced that it has launched a same-day delivery service across its entire U.S. store fleet, which includes over 540 Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks locations. The retailer has partnered with Uber (UBER), Shipt, Postmates, Roadie and software provider Delivery Solutions to expand its fulfillment capabilities and allow customers in certain zip codes to receive products from its stores within the same day. Customers can now use the Abercrombie & Fitch, abercrombie kids, Hollister, Gilly Hicks and Social Tourist websites and mobile apps to shop the full range of apparel inventory that is available in their local stores for same-day delivery. "We're thrilled to add same-day delivery as another option in our portfolio of omnichannel services, which also include purchase online pick up in store, curbside pickup, reserve in store, ship from store and traditional parcel home delivery. Same-day delivery supports our goals of meeting our customers where they are and delivering our product to them when and how they want it, particularly as we approach the holiday season," said Larry Grischow, Executive Vice President, Supply Chain and Procurement at Abercrombie & Fitch Co. "We always aim to provide an excellent fulfillment experience for our customers that includes choice and fast delivery options. We're looking forward to partnering with Uber, Shipt, Postmates, Roadie and Delivery Solutions to serve our customers across the U.S."
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BE | Hot Stocks09:09 EDT Bloom Energy deploys 10 megawatts of efficient fuel cells to Colchester, CT - The Town of Colchester, Connecticut and Bloom Energy announced the deployment of 10 megawatts of highly efficient fuel cells to help meet the clean energy needs of the community. The Bloom Energy Servers will cut community carbon emissions by 3,850 tons per year and reduce smog-forming pollution and Bloom Energy's fuel flexible, solid oxide fuel cell technology produces electricity from natural gas, biogas, or hydrogen through an electrochemical process, without combustion, at one of the highest efficiencies of any power solution available in the world today. This project aligns with the State of Connecticut's efforts to increase clean and renewable energy sources. The Bloom Energy installation in Colchester was selected as part of Connecticut Department of Energy and Environmental Protection's, DEEP, Clean Energy Request for Proposals. In addition to fuel cell adoption, other selected projects included offshore wind and anaerobic digestion.
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EDIT BMY | Hot Stocks09:08 EDT Editas Medicine Bristol-Myers appoints Connaughton to board of directors - Editas Medicine (EDIT) announced that it has appointed Bernadette Connaughton to its Board of Directors. Connaughton spent her career at Bristol-Myers Squibb (BMY), where she most recently served as President, Intercontinental.
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NATI | Hot Stocks09:06 EDT National Instruments buys NH Research and EV systems business, sees accretion - National Instruments announced the acquisition of NH Research. The transaction closed on October 19. NI is also announcing that it recently entered into a definitive agreement to purchase the EV Systems business of Rosenheim, Germany-based Heinzinger, a high-current and high-voltage power systems company and this deal is expected to close in Q1 2022. NI expects that there will be minimal cost synergies from these transactions. NI is funding both these transactions through a combination of its existing revolving credit facility and cash on hand. These two transactions will represent 3% to 4% of NI's total revenue in 2022 and be accretive to earnings per share. Approximately 150 employees will be joining the company.
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BAMR | Hot Stocks09:06 EDT Brookfield appoints McRaith as Vice Chair of its Insurance Solutions business - Brookfield announced the appointment of Michael McRaith as Vice Chair of its Insurance Solutions business. In this newly created role, McRaith will participate in all aspects of Brookfield's global insurance operations McRaith served for nearly six years as the first Director of the Federal Insurance Office in the U.S. Department of the Treasury, where he had several national and global leadership roles.
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PHG | Hot Stocks09:06 EDT Philips says Philips Capsule MDIP integrates with over 1,000 device models - Royal Philips announced that, with the release of new device drivers that enable integration and interoperability, Philips Capsule Medical Device Information Platform has exceeded the milestone of integrating with more than 1,000 unique medical device models. Philips Capsule MDIP, which will be integrated into Philips HealthSuite Platform, is now installed in more than 3,000 healthcare facilities globally. Philips Capsule MDIP captures streaming clinical data and transforms it into actionable insights for patient care management aiming to improve collaboration between care teams, streamline clinical workflows, and increase productivity.
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RNWK | Hot Stocks09:04 EDT SAFR provides facial recognition ID authentication for Japanese government - SAFR from RealNetworks has been selected as the facial recognition technology provider to support the Japanese government's evolution from paper documents to digital "My Number" ID cards with a face-based authentication infrastructure. Part of a larger digital transformation, My Number cards represent a new digital identification system designed to streamline and expand access to government services for Japanese citizens and residents. The solution will be rolled out to hundreds of thousands of hospitals, clinics and pharmacies over the next two to three years. The My Number Card Reader provides online confirmation that supports My Number insurance cards together with facial recognition authentication supplied by SAFR. Certified system integrator Nextware, developed the card reader integration using SAFR's lightweight and accurate facial recognition algorithm.
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MA | Hot Stocks09:04 EDT MasterCard: Overall cross-border volumes back to 2019 levels - Comments taken from Q3 earnings conference call.
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SSBI | Hot Stocks09:04 EDT Summit State Bank appoints Belinda Guadarrama to board of direcots - Summit State Bank appointed Belinda Guadarrama to its Board of Directors. GC Micro was founded by Belinda and is rated one of the 500 largest U.S. Hispanic-owned companies by Hispanic Business Magazine.
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TNC | Hot Stocks09:04 EDT Tennant increases quarterly dividend 9% to 25c per share - Directors of Tennant authorized a 9% increase in the company's quarterly cash dividend to 25c per share. The increased dividend is payable December 15 to shareholders of record at the close of business on November 30.
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HAFC | Hot Stocks09:03 EDT Hanmi Financial increases quarterly cash dividend 67% to 20c per share - Hanmi Financial announced that its Board of Directors declared a cash dividend on its common stock for the 2021 fourth quarter of $0.20 per share, up 67% from $0.12 per share in the prior quarter. The dividend will be paid on November 24, 2021 to stockholders of record as of the close of business on November 8, 2021.
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AMD | Hot Stocks09:03 EDT AMD promotes Server SoC Architect Leapk to Corporate Fellow - AMD announced the appointment of Senior Fellow and Server SoC Architect Kevin Lepak to AMD Corporate Fellow, in recognition of his role in the design of next-generation AMD EPYC processors. As AMD Corporate Fellow, Lepak expands on his leadership in chip design to play a larger role in evolving AMD's processor and systems vision.
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NOC | Hot Stocks09:02 EDT Northrop Grumman sees continued organic sales growth in FY22 - Sees: Continued organic sales growth in 2022. Space remains fastest growing segment; MS, DS also grow. AS expected to decline at rate similar to 2021. Continued strong operating margin rate with performance partially offsetting lower year over year pension related overhead benefit. Lower CAS pension recoveries of ~$350M impacts earnings. Stable operating cash flow before effect of lower CAS pension recoveries and higher cash taxes. Continue to return the majority of adjusted free cash flow to shareholders through dividends and share repurchases. Comments taken from investor presentation slides for Q3 earnings conference call.
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CHKP | Hot Stocks09:01 EDT Check Point sees 'very healthy' Q4
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BEVFF | Hot Stocks08:58 EDT Diversified Royalty director Lorraine McLachlan to step down - Lorraine McLachlan recently advised DIV of her intention to step down from the Board to pursue opportunities outside the Corporation. The Board has accepted her resignation, which was effective October 26, 2021.
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BEVFF | Hot Stocks08:58 EDT Diversified Royalty increases monthly dividend to 1.833c per share - The Board has approved an increase to the dividend from $0.0175 per share per month to $0.01833 per share per month effective November 2021.
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NOC | Hot Stocks08:57 EDT Northrop Grumman raises FY21 segment operating margin view to 11.7%-11.9% - Prior view was 11.6%-11.8%. Raises FY21 operating margin view to 16%-16.2% from 15.5%-15.7%.
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BEVFF | Hot Stocks08:57 EDT Diversified Royalty reports preliminary Q3 results for Sutton, Oxford, Mr. Mikes - DIV expects to report royalty income and management fees of $1.0 million were generated from Sutton Group Realty Services in Q3 2021, compared to $1.0 million in Q3 2020. Since June 2020, DIV has been collecting 100% of the fixed royalty and management fee payments from Sutton. The fixed royalty payable by Sutton increases at a rate of 2.0% per year, with the most recent increase effective July 1, 2021. DIV expects to report that royalty income and management fees of $0.8 million were generated from Oxford Learning Centres in Q3 2021, compared to $0.7 million in Q3 2020. Oxford locations in the Oxford royalty pool generated SSSG of 19.5% in Q3 2021, compared to SSSG of -24% in Q3 2020. Oxford's SSSG for the nine months ended September 30, 2021 was 7.8%, compared to -28% for the period from February 20, 2020, the acquisition date of the Oxford Rights, to September 30, 2020. Oxford locations in the Oxford royalty pool generated SSSG of -9.0% and -14.3% for the three and nine months ended September 30, 2021 compared to the same periods in 2019. In 2020, Oxford's SSSG was negatively impacted by the COVID-19 pandemic, which has resulted in the temporary suspension of in-centre services at the majority of its locations. 2021 year-to-date has been impacted by government-mandated COVID restrictions, predominantly in Ontario, its largest market. Oxford management is optimistic about a stronger recovery in the last quarter of 2021. The majority of Mr. Mikes Restaurants Corporation restaurants have been open for in-restaurant dining at a reduced capacity since mid-June 2021. Overall, SSSG in Q3 2021 for the Mr. Mikes restaurants in the royalty pool, including stores that were temporarily closed due to the COVID-19 pandemic, was 10.1% compared to Q3 2020 and -7.2% compared to Q3 2019. SSSG for the nine months ended September 30, 2021 for the Mr. Mikes restaurants in the royalty pool was 5.1% compared to the nine months ended September 30, 2020 and [-28.9%] compared to the nine months ended September 30, 2019. DIV expects to report that royalty income and management fees of $1.0 million were generated from Mr. Mikes in Q3 2021, compared to $0.4 million in Q3 2020. DIV granted royalty and management fee relief to Mr. Mikes in connection with the COVID-19 pandemic, collecting 75% of the contractual royalty amount for the nine months ended September 30, 2021 and 40% for the nine months ended September 30, 2020. The management team at Mr. Mikes continues to expect a protracted recovery. DIV is in discussions with Mr. Mikes and its lender regarding additional royalty and management fee relief for Mr. Mikes, which DIV expects may be required until such time as all government restrictions impacting the operation of Mr. Mikes restaurants are lifted and the business stabilizes. DIV expects to report that the royalty entitlement to DIV from Nurse Next Door Professional Homecare Services was $1.2 million in Q3 2021. The DIV Royalty Entitlement from Nurse Next Door grows at a fixed rate of 2.0% per annum during the term of the license, with the most recent increase effective October 1, 2021.
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NETE | Hot Stocks08:56 EDT Mullen Automotive adds Davis, Martinez to executive team - Mullen Automotive, which previously announced a definitive stock-for-stock reverse merger agreement with Net Element, announces the hiring of Corry Davis as Vice President of Vehicle Integration and Homologation and GT Martinez as the Director of Certification & Homologation. "Both Davis and Martinez bring over 30 years of expertise in vehicle engineering and homologation experience and are positioned to accelerate Mullen's manufacturing efforts as progress begins on the Mullen ONE EV Cargo Van at Mullen's Advanced Manufacturing and Engineering Center in Tunica, Mississippi. Both individuals will also play critical roles in the next stage of the Mullen FIVE EV Crossover, which will begin engineering validation in early 2022, as the FIVE production program starts," the company said.
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BEVFF | Hot Stocks08:55 EDT Diversified Royalty reports preliminary Q3 results for Mr. Lube, AIR MILES - Mr. Lube generated same-store-sales-growth of 14.9% for the Mr. Lube stores in the royalty pool for Q3 2021, compared to SSSG of 0.5% for the three months ended September 30, 2020. Mr. Lube generated SSSG of 13.9% for the nine months ended September 30, 2021 compared to SSSG of -6.4% for the nine months ended September 30, 2020. Mr. Lube's SSSG for the three and nine months ended September 30, 2020 were more significantly negatively impacted by the COVID-19 pandemic, and the ensuing restrictions and lockdown measures implemented by various levels of government than in the current periods. Mr. Lube generated SSSG of 15.0% and 6.4% respectively for the Mr. Lube stores in the royalty pool, for the three and nine months ended September 30, 2021 compared to the same periods in 2019. As provinces have relaxed the restrictions put in place to fight the COVID-19 pandemic and Canadians drive more, Mr. Lube has been experiencing favorable trends in its business. DIV expects to report that aggregate royalty income and management fees of $5.3 million were generated from Mr. Lube in Q3 2021, an increase of 30.4% compared to Q3 2020. The increase in royalty income and management fees was primarily due to SSSG of 14.9% in Q3 2021, as well as the addition of 13 new stores to the Mr. Lube royalty pool and the 0.5% increase to the Mr. Lube royalty rate on May 1, 2021. On October 13, 2021, Alliance Data Systems issued a news release announcing that its Board of Directors approved the separation of ADS' LoyaltyOne segment into a new independent US-based, publicly traded company, Loyalty Ventures. According to ADS, the separation will be completed after the market closes on November 5, 2021. Following the distribution of the Loyalty Ventures common shares on November 5, 2021, Loyalty Ventures will be an independent, US-based publicly traded company and is expected to be listed on Nasdaq under the symbol "LYLT". The pending spinoff of the LoyaltyOne segment was initially announced by ADS on May 5, 2021 and previously disclosed by DIV. In addition, on October 14, 2021, ADS published a presentation that noted increased investment by LoyaltyOne, amid post-pandemic recovery tailwinds creates significant upside potential for Loyalty Ventures. LoyaltyOne, the operator of the AIR MILES reward program in Canada, recently provided details of that further investment, announcing that the AIR MILES reward program is implementing a series of improvements to enhance the loyalty program. Over the coming months, AIR MILES collectors will be introduced to more redemption benefits, more ways to earn AIR MILES, and more opportunities to take part in promotions. Under the revitalized AIR MILES brand, LoyaltyOne announced that it expects to roll-out the all-new AIR MILES Flights platform, which is expected to officially launch this November. According to LoyaltyOne, the AIR MILES Flights platform, a new flight booking experience, provides more choice, flexibility and transparency for Canadian travelers at a time when 70% of AIR MILES collectors have expressed a desire to return to travel. In addition, LoyaltyOne revealed a new visual identity for the AIR MILES reward program, which is a modern take on the iconic logo. DIV believes that the refresh of the AIR MILES brand and the recent improvements to the AIR MILES reward program could result in increased top-line growth at LoyaltyOne, which would be beneficial to DIV's royalty. ADS issued a news release earlier today announcing that: AIR MILES reward miles issued decreased by 6.9% in Q3 2021, reflecting certain promotional activity in the prior year not present in the current year, and AIR MILES reward miles redeemed increased by 30.4% in Q3 2021 to their highest level since the pandemic began, reflecting an improvement in travel-related categories. ADS also noted that AIR MILES reward miles issued and redeemed both increased on a sequential basis relative to the second quarter of 2021 as airline bookings improved and merchandise redemptions remained strong. ADS further advised that it remains optimistic on the long-term outlook for AIR MILES as travel returns to steady-state levels. DIV expects to report that royalty income of $1.7 million was generated from the AIR MILES licenses in Q3 2021, a decrease of $0.1 million compared to Q3 2020. For the nine months ended September 30, 2021, DIV expects to report royalty income of $4.8 million, a decrease of $0.3 million compared to the nine months ended September 30, 2020. DIV's royalty payment is derived from several AIR MILES metrics, with AIR MILES reward miles issued being the primary metric, and other metrics including AIR MILES reward miles redeemed, service revenue, commissions and promotional items, all of which affect quarterly variability.
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BEEM | Hot Stocks08:54 EDT Beam Global added to the CALeVIP incentive rpogram - Beam Global announced that Beam Global has been added to the California Electric Vehicle Infrastructure Project, CALeVIP, EV charging program. Funded by the California Energy Commission, CEC, and implemented by the Center for Sustainable Energy, CSE, CALeVIP provides incentives for EV charger infrastructure and works with local partners to develop and implement projects that meet current and future regional EV needs. "EV ARC off-grid charging systems are unique and especially suited to the CALeVIP program's mission to streamline the process of expanding EV charging infrastructure. CALeVIP is a flagship program and serves as a model for other states in accelerating the national charging infrastructure buildout," said Desmond Wheatley, CEO of Beam Global. "Inclusion of the EV ARC in the CALeVIP program is further validation of our products and technology. We commend the CEC and CSE for accommodating this invented-in-California innovation of off-grid renewable charging, demonstrating forward-thinking as California continues to lead in the electrification of transportation. These sorts of incentives and contracts we have in place with the federal government and states like California make it easy for our customers to take advantage of our products and get the EV charging they need without the risks, hassles and costs of construction and electrical projects."
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ENTX | Hot Stocks08:52 EDT Entera Bio publishes study on its oral delivery technology platform - Entera Bio announced that researchers at the company and the University of East Anglia in the UK published preclinical in vivo studies which demonstrate the technologies efficiency in the oral delivery of large molecule biologic drugs. The approach described in the research underpins Entera's lead product, EB613, an oral parathyroid hormone entering Phase 3 clinical development for the treatment of osteoporosis. The pivotal Phase 3 study is planned for 2022. The studies were published on line in the peer-reviewed International Journal of Pharmaceutics X. "With a burgeoning number of injectable biologics on the market and in development, there is a growing need for effective oral formulations especially in chronic conditions where replacing injections with oral dosage may result in higher patient compliance, adherence, and quality of life," stated Entera CEO Spiros Jamas. "Beyond the near-term opportunity for our EB613 oral PTH in osteoporosis, Entera's platform technology has applications in many other indications currently treated through injectables." In this paper researchers evaluated three different formulations of oral hPTH: 1. hPTH with a protease inhibitor which can protect the molecule in the gastrointestinal tract, and 2. hPTH with just a permeation enhancer which allows for the trans-cellular absorption of large molecules in the GI tract, and 3. hPTH combined with both protease inhibitor and permeation enhancer. In studies utilizing a porcine model, the Entera combined formulation achieved significantly higher PTH blood levels as compared to each of these approaches on their own. The researchers concluded that an appropriate combination of these different technological approaches considerably contributes to the efficient oral delivery of a number of biological macromolecules.
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EMKR | Hot Stocks08:51 EDT Emcore provides update on reception to SDI170 IMU - EMCORE Corporation announced that its new SDI170 MEMS Tactical Grade Inertial Measurement Unit has achieved enthusiastic market reception and early technical success. Initial low-rate production units have been confirmed by U.S. and international customers to be seamless form, fit, and function replacements for the HG1700-AG58 Ring Laser Gyroscope IMU. The company said, "Customer testing of the SDI170 IMU has been resoundingly positive. "The parameters of the SDI170 tested are satisfactory. All the parameters are in the range of specification of the SDI170," reported a key customer that performed extensive testing. "We found that the SDI170's interfaces are exactly compatible with the HG1700. In our tests, we were able to directly use the previously prepared mechanical interfaces, cabling, and data acquisition software for the HG1700.""
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CAT | Hot Stocks08:51 EDT Caterpillar sees stronger sales in Q4 following normal seasonality - Says versus Q3, expects seasonal pattern of lower adjusted operating profit margin in Q4. For full year, expects to achieve Investor Day target for adjusted operating profit margin and ME&T free cash flow.
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JSDA | Hot Stocks08:50 EDT Jones Soda announces Meijer distribution agreement - Jones Soda announced the addition of 210 Meijer stores in six Midwest states. The agreement adds a new marquee regional retailer to Jones Soda's portfolio. All 210 Meijer stores involved in the agreement are carrying Jones Soda's top five flavors, including Berry Lemonade, Cream Soda, Green Apple, Orange and Root Beer. More than one-third are also stocking Blue Bubble Gum Soda, Watermelon Soda, and the Company's limited-edition series of Special Release flavors that change twice a year. Meijer also has the option to add Jones Soda 4-packs, as well as the 12-count Variety Packs introduced earlier this year. "We had a strong relationship with Meijer from 2004 to 2016 when we had fewer flavors, fewer pack choices, and a much lower marketing profile than we have today," said Mark Murray, president and CEO of Jones Soda. "By restoring our presence in Meijer stores, this new agreement gives us an important channel for continuing to build our brand, helping us meet our growth targets, and positioning the company for long-term success." Initial shipments reached Meijer shelves this month, bringing Jones Soda to Meijer customers in Michigan, Illinois, Indiana, Kentucky, Ohio and Wisconsin.
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DDMX | Hot Stocks08:50 EDT Codere announces effectiveness of registration statement on DD3 combination - Codere Online Luxembourg, S.A. announced that, on October 27, the U.S. Securities and Exchange Commission declared effective the registration statement on Form F-4 which had previously been filed on August 13, 2021 and October 8, 2021, in connection with the previously announced proposed business combination of Codere Online, a leading online gaming and sports betting operator in Latin America, with DD3 Acquisition Corp. II, a publicly traded special purpose acquisition company. Consequently, DD3 has convened a special meeting of its stockholders to be held on November 18, 2021, at 11:00 a.m., Eastern time, at the offices of Greenberg Traurig, LLP, located at One Vanderbilt Avenue, New York, NY 10017, where the proposed business combination is expected to be voted upon. Once approved by DD3's stockholders and subject to other customary closing conditions, it is currently expected that the business combination will be completed during the week following the special meeting.
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JWA... | Hot Stocks08:49 EDT Wiley CFO John Kritzmacher to retire, Christina Van Tassell to succeed - Wiley announced executive VP and CFO John Kritzmacher plans to retire from the company after eight years of service at the end of calendar year 2021. Christina Van Tassell will join Wiley at the end of November as executive VP and CFO, succeeding Kritzmacher. Van Tassell joins Wiley with over 25 years of experience in global finance organizations. She comes to Wiley from Dow Jones, where she has been its CFO since 2017.
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CAT | Hot Stocks08:45 EDT Caterpillar says customer demand, order rates strong in Q3 - Says sales in Q3 would have been higher if not for supply chain issues. Remains "optimistic on demand" in three primary segments for remainder of year. Says "working closely" with suppliers to mitigate supply chain challenges. Says "on track" to achieve free cash flow, margin targets for FY. Comments taken from Q3 earnings conference call.
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PCVX | Hot Stocks08:44 EDT Vaxcyte appoints Carlos Paya, Michael Kamarck to board of directors - Vaxcyte announced it has appointed Carlos Paya and Michael Kamarck to its board of directors. Dr. Paya will also serve as the Board Chair. Kurt von Emster, a longtime director who served as Interim Chair, will remain on the board.
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IART | Hot Stocks08:43 EDT Integra LifeSciences appoints Jan De Witte as president, CEO - Integra LifeSciences announced that it has appointed Jan De Witte as its next President and CEO. Mr. De Witte succeeds Peter Arduini, who previously announced he will step down as CEO to accept the role of President and CEO of GE Healthcare. Mr. De Witte will join Integra prior to the end of the year, at which time he will also be appointed to Integra's board of directors. For the past five years, De Witte served as CEO of Barco, where he created shareholder value through digital innovation and new product development, commercial acceleration, international market growth and operational excellence while effectively leading the company through the COVID-19 pandemic. Integra's special board committee on CEO succession partnered with Heidrick & Struggles to conduct a comprehensive search that included interviewing and evaluating a talented slate of internal and external candidates.
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SPRO | Hot Stocks08:41 EDT Spero Therapeutics submits NDA to FDA for tebipenem HBr tablets - Spero Therapeutics announced the submission of a new drug application, or NDA, to the U.S. Food and Drug Administration, seeking approval for tebipenem HBr tablets for the treatment of complicated urinary tract infections, including pyelonephritis, caused by susceptible microorganisms. If approved, tebipenem HBr would be the only oral carbapenem antibiotic available for use in cUTI. "With the submission of this NDA, we have taken a major step towards potentially providing a substantial number of appropriate cUTI patients with an oral treatment option that could replace historical use of intravenous therapy," said Ankit Mahadevia, M.D., Chief Executive Officer of Spero Therapeutics. "If approved, we believe tebipenem HBr could help patients significantly, and the avoidance of IV administration could lead to reduced healthcare resource utilization. We look forward to working with the FDA during the NDA review process as we prepare for tebipenem HBr's anticipated launch in the second half of 2022."
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IDXG | Hot Stocks08:41 EDT Interpace announces issuance of U.S. patent for topographic genotyping - Interpace Biosciences announced that on October 12th 2021, the United States Patent and Trademark Office granted it an US Patent titled: Topographic genotyping for determining the diagnosis, malignant potential, and biologic behavior of pancreatic cysts and related conditions. This patent covers the underlying technology used in PancraGEN, Interpace's flagship product for risk stratification of Pancreatic cysts. PancraGEN is designed to provide risk assessment for pancreatic cysts using both molecular and clinical features, and has been performed on more than 40,000 pancreatic cysts to date.
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VIVE | Hot Stocks08:40 EDT Viveve secures additional U.S dual-energy technology patent - Viveve Medical announced that the United States Patent and Trademark Office, USPTO, recently issued U.S. Patent No. 11,154,349. The awarded patent further strengthens the Company's intellectual property portfolio and intellectual property coverage for Viveve's innovative technology and methods of remodeling tissue."We are pleased to have secured our most recent additional patent covering our dual-energy technology in the U.S. This latest issuance reflects our continued commitment to securing the highest achievable levels of protection for our robust intellectual property portfolio," said Scott Durbin, Viveve's chief executive office. "We look forward to continuing to advance our global clinical development and commercialization strategy supported by our strong intellectual property estate and completing enrollment in our U.S. pivotal PURSUIT trial in the near future."
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SLG | Hot Stocks08:38 EDT SL Green Realty announces sale of 590 Fifth Avenue for $103M - SL Green Realty announced the sale of 590 Fifth Avenue for a gross sale price of $103.0M. "Closing on the sale of 590 Fifth Avenue at a price of $1,000 per square foot demonstrates the continued demand for well-located New York City office and retail properties," said Harrison Sitomer, Senior Vice President of SL Green. "This profitable transaction is the latest step in the successful execution of our 2021 business plan as we remain on track to meet or exceed our stated goals for the year." Located between 47th and 48th Street, 590 Fifth Avenue is a 19-story, 103,000-square-foot office building with prime retail space at the base. SL Green took ownership of the property in October 2020.
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CLPS | Hot Stocks08:37 EDT CLPS signs agreement with automotive brand for IT services for electric vehicles - CLPS, through its majority-owned subsidiary, JAJI Co., has entered into a framework agreement with an emerging intelligent pure electric car brand in China to provide end-to-end IT consulting services for its newly launched electric vehicles. The client is a new player in the electric vehicle market founded by a Chinese state-owned automotive company. Its flagship model is scheduled for mass-production by the end of 2021. In this cooperation, CLPS will provide a full range of IT consulting services involving technology-powered components and applications for the Client's first and succeeding EVs. For FY21, CLPS' revenue from automotive area increased by 132.0%, from $3.6M to $8.5M in the prior year period. It accounted for 6.7% of the total revenue compared to 4.1% over the previous fiscal year.
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DBGI AMZN | Hot Stocks08:34 EDT Digital Brands launches on Amazon Prime - Digital Brands (DBGI) announces it launched DSTLD on Amazon Prime (AMZN), while it also launched its affiliate program across all its brands.DSTLD has officially moved past the "on-boarding" stage today with Amazon Prime, which means its product will be for sale on Amazon Prime. "We believe the extra time and work it took to qualify for Amazon Prime will result in much higher short and long-term value versus just selling as a third party on Amazon's site," said Laura Dowling, Chief Marketing Officer of Digital Brands Group. Furthermore, in the next three days, DSTLD's Brand Store will launch on Amazon, which will include DSTLD's own videos and branded content. According to statista.com and eMarketer, 63% of online shoppers go to Amazon to start searching for products, which we believe will increase brand awareness and customer acquisition. In addition to this, DBGI is launching an affiliate program across all its brands. This is the first time most of its brands have launched an affiliate program. The benefit of an affiliate program is the significant reach a brand creates working with major online publications and their millions of readers, so the brand awareness and customer reach is exponential to traditional digital marketing programs. Historically, DSLTD has generated meaningful revenue and customer acquisition growth through its affiliate programs.
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HIL | Hot Stocks08:32 EDT Hill International appoints Stephen Browning as SVP, federal sector leader - Hill International announced it has hired Stephen Browning, PE, as Senior Vice President, Federal Sector Leader. Browning will work with Hill's regional leaders across the U.S. to capture and execute program and project management assignments for U.S. Federal Government agencies, including long-term Hill clients such as the General Services Administration, Department of Energy, and U.S. Army Corps of Engineers, among others, as well as cultivate relationships with new Federal clients. Browning's specific responsibilities will include identifying opportunities, partnering with Federal agencies and owners, identifying market trends to better serve clients and grow Hill's business, assessing staffing and teaming capabilities, recruiting subordinate team members, and overseeing Hill's program, project, and construction management services for Federal clients. Browning will answer directly to Michael B. Smith, Hill's President, Americas.
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TRIT | Hot Stocks08:31 EDT Triterras announces Audit Committe Investigation has concluded - Triterras has made a key announcement. The Audit Committee of the Board of Directors is pleased to report the completion of its previously announced investigation into allegations made in a short report released in January 2021. After expending considerable resources, time and energy conducting its investigation and analyzing the work carried out by external advisers, the Audit Committee has concluded that the allegations contained in the short report lack either factual support or material basis. Accordingly, the Audit Committee has concluded that those allegations do not require additional action by the Company.
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CERT | Hot Stocks08:27 EDT Certara awarded FDA contract for 5 years for software, services - Certara announced that the U.S. Food and Drug Administration has awarded a five-year contract with Pinnacle 21 for ongoing software and related services support for the agency's DataFit program. The DataFit program assesses data quality and performs data validation for standards compliance of all electronic clinical and non-clinical trial study submission data. This agreement is similar to the contracts awarded to Pinnacle 21 in 2015 and 2011 by the FDA. Pinnacle 21 was acquired by Certara in October 2021. The DataFit custom implementation of Pinnacle 21 Enterprise meets the FDA's data fitness assessment needs. The Pinnacle 21 Enterprise software enables the FDA to perform large-scale data validation and data quality reporting. FDA reviewers can assess and understand the quality of incoming submission data at a summary level in hours instead of the days or weeks required in a manual review. "Regulatory agencies are embracing change and innovation to streamline the submission process. As the compliance standards are not easy to navigate, our software helps to automate validation and identify issues," said Max Kanevsky, chief technology officer of Certara's Software business unit. "Furthermore, beginning last month, the FDA is enforcing the technical rejection criteria, which are applicable to submissions to the Center for Drug Evaluation and Research and the Center for Biologics Evaluation and Research." The contract includes the use of the Pinnacle 21 Enterprise software by the FDA to perform data validation for its DataFit program as well as Operations and Maintenance through IT professional services to the FDA.
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VMW AMZN | Hot Stocks08:27 EDT VMware to collaborate with eero on work-from-home capabilities - VMware (VMW) announced it will collaborate with eero, an Amazon (AMZN) company, on work-from-home capabilities that will boost remote network connectivity while extending critical security services to devices connecting to an at-home corporate network. Designed for work-from-home employees in the U.S. and delivered by strategic channel partners, the collaboration is designed to pair eero 6 series mesh Wi-Fi systems with VMware SASE Work from Home solution. In addition, as part of this agreement, VMware is announcing eero is a preferred Wi-Fi provider.
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RIOCF | Hot Stocks08:27 EDT RioCan REIT announces changes to executive compensation program - The Board of Trustees of RioCan Real Estate Investment Trust announced that it has made significant changes to its executive compensation program. The changes were made following the Trust's 2021 annual meeting of unitholders in May 2021, at which RioCan received a say on pay vote outcome below 50%. Following the Meeting, the Board of Trustees and its People, Culture and Compensation Committee conducted a thorough review of the Trust's executive compensation program with the goal of ensuring it is designed to create long-term unitholder value by attracting, and retaining talented executives, linking pay with performance, and driving long-term performance. Following the Meeting, the Board took the following actions: Unitholder Engagement: The Committee engaged in an extensive investor outreach initiative immediately following the Meeting. Between June and September, the Committee met with and solicited feedback from RioCan's largest unitholders. The purpose of these meetings was to ensure that the Board had a comprehensive understanding of unitholder concerns with the Trust's compensation program. The Committee reached out to the Trust's 30 largest unitholders, representing approximately 25.5% of RioCan's outstanding units. To date, the Committee has held 16 meetings with unitholders, representing approximately 18.0% of RioCan's outstanding units. The Board intends to continue this outreach. Independent Compensation Advisory: The Committee engaged Meridian as an independent compensation consultant in August 2021 to review and provide a fresh perspective on the Trust's compensation program. Committee Engagement: Since the Meeting, the Committee has held five meetings to consider investor feedback and determine durable solutions for the relevant issues raised. Proposed Significant Changes: As a result of the above actions, the Board and management have committed to significant amendments to the Trust's compensation program that RioCan believes will create lasting enhancements to its approach to executive compensation.
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SLGG | Hot Stocks08:26 EDT Super League Gaming solidifies partnership with ClixTV - Super League Gaming announced that the company has partnered with ClixTV, the new ecommerce-meets-entertainment platform streaming on every digital screen, to broadcast Super League's top performing esports and gaming content on ClixTV's distribution of short-form series on a branded network of over-the-top, OTT, linear channels, as well as via the web and downloadable apps. Super League content is available on ClixTV now. "ClixTV offers Super League a super interesting model through their commitment to bite-sized programming designed for today's content consumption patterns," says Matt Edelman, Chief Commercial Officer for Super League. "One of our strengths is finding and publishing great gameplay moments that most fans have not already discovered. We are excited to continue feeding the insatiable appetite for gaming entertainment through ClixTV."
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GLTO | Hot Stocks08:25 EDT Galecto to host KOL webinar on GB1211 - Galecto announced that it will host a key opinion leader webinar on BG1211 and its potential as a treatment for non-small cell lung cancer, on Monday, November 8, 2021 at 10:30am Eastern Time. The event will feature presentations from KOLs Alexander M.M. Eggermont, MD, PhD, Princess Maxima Center for Pediatric Oncology; and William L. Redmond, PhD, Providence Portland Medical Center. Dr. Eggermont will discuss the current treatment landscape and unmet medical need in treating patients with non-small cell lung cancer (NSCLC). Dr. Redmond will discuss the role of Galectin-3 in modulating the tumor microenvironment. Galecto CEO, Hans T. Schambye, MD PhD, will provide an update on Galecto's pipeline as well as a summary of data and the clinical plan for the oral small molecule Galectin-3 inhibitor GB1211 as a potential treatment for NSCLC.
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WE | Hot Stocks08:25 EDT WeWork partners with stockperks to offer shareholders flexible office space perk - WeWork announced the launch of a strategic partnership to provide WeWork shareholders with flexible office space perks. In celebration of WeWork's public listing, WeWork shareholders will receive three complimentary workspace day passes to hundreds of WeWork On Demand locations across major cities globally*. As the retail shareholder community grows, the partnership represents an opportunity to engage and connect with individual shareholders. "We're excited to partner with Stockperks and provide our retail investors an opportunity to experience the WeWork product firsthand, enhancing their experience as an investor and providing a new way for us to connect with retail shareholders directly," said Chandler Salisbury, WeWork's VP of Investor Relations & Corporate Development. "WeWork is a true innovator, passionate about its community of members and its shareholders. We are excited to provide the platform enabling WeWork to seamlessly engage with its shareholder community, year round," said Agnies Watson, President and Co-Founder of Stockperks.
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ZS | Hot Stocks08:24 EDT Zscaler Private Access achieves DoD Impact Level 5 - Zscaler announced that the Department of Defense has granted Zscaler Private Access a Provisional Authorization To Operate at Impact Level 5, as published in the Department of Defense Cloud Computing Security Requirements Guide. Government agencies and their contractors will be able to use Zscaler's Zero Trust platform for systems that manage their most sensitive Controlled Unclassified Information as well as unclassified National Security Systems. ZPA is a zero trust network access service that connects trusted users directly to trusted cloud applications. Organizations can dramatically reduce cyber risk and adopt modern cloud solutions.
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AMTX | Hot Stocks08:23 EDT Aemetis signs agreement with CTCI to provide engineering for plant - Aemetis announced it entered into an agreement with engineering and construction firm CTCI America to conduct permitting and engineering work for the Carbon Zero renewable jet/diesel plant to be built in Riverbank, California. CTCI America is a subsidiary of CTCI Corp., a $2 billion revenues Engineering, Procurement and Construction firm with extensive high technology and energy industry project engineering and construction experience. The Aemetis Carbon Zero plant is being developed at a former U.S. Army ammunition production facility. The process design uses waste wood to produce cellulosic hydrogen with a below zero carbon intensity, which is combined with renewable oils and zero carbon intensity hydroelectric electricity to produce sustainable aviation fuel and renewable diesel. The plant will have an initial capacity of 45 million gallons per year, with engineering and other development work underway for expansion to 90 million gallons per year.
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CADL | Hot Stocks08:22 EDT Candel announces patient-reported tolerability data of intraprostatic injections - Candel Therapeutics announced that data on patient-reported tolerability assessment of intraprostatic injections will be presented in a virtual poster session at the 28th Annual Prostate Cancer Foundation Scientific Retreat. Presentation Title: "Patient experience with intraprostatic injection of CAN-2409 or placebo followed by valacyclovir in a phase 3 clinical trial for localized prostate cancer in combination with standard of care radiation therapy with or without androgen suppression." The data were generated from the company's ongoing phase 3 clinical trial, which is evaluating safety and efficacy of intra-prostatic injection with CAN-2409 or placebo followed by oral valacyclovir prodrug in combination with standard of care in patients with localized prostate cancer having intermediate-risk or a single NCCN high-risk factor. Clinical trial enrollment has been completed with a diverse population of 745 patients from 51 sites in the U.S. More than 2,000 injection procedures have been performed. For the transperineal procedure, 65% of patients reported the intra-prostatic injections to be "the same or better" tolerated than a prostate biopsy, 30% "a little harder" to tolerate and 4% "much harder" to tolerate than a biopsy. For the transrectal procedure, 89% of patients reported the injections to be "the same or better" tolerated than a biopsy and 11% "a little harder" to tolerate than a biopsy. All patients reported overall feeling positive abouttheir involvement in the study. "These data further support the tolerability and patient receptiveness of intra-prostatic injection of CAN-2409 and its comparability to routine biopsies being performed in this patient population," said Paul Peter Tak, MD, PhD, FMedSci, President and Chief Executive Officer of Candel Therapeutics. "Listening to patients is important as we look towards the commercialization of CAN-2409, if approved. We believe CAN-2409 holds great promise as a treatment for patients with localized, non-metastatic prostate cancer, which may improve disease outcome, while eliminating the need for long-term androgen deprivation therapy and its associated side effects."
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AWI | Hot Stocks08:21 EDT Armstrong World announces partnership with 9 Foundations - Armstrong World Industries announced it has commenced a partnership with 9 Foundations, an independent scientific advisory firm founded by Dr. Joseph G. Allen, associate professor at the Harvard T.H. Chan School of Public Health, director of Harvard's Healthy Buildings Program, and co-author of the book Healthy Buildings. The team at 9F consists of leading scientific experts on the connections between human health and built environments, bringing unmatched technical knowledge and experience to the most critical public health challenges of our time, including Covid-19. With this partnership, 9F will work with AWI in its continued focus on manufacturing ceiling and wall solutions based on the most advanced healthy building science and design.
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HBAN | Hot Stocks08:21 EDT Huntington Bancshares expects normalized effective tax rate 18%-19%
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ALNY | Hot Stocks08:21 EDT Alnylam sees FY21 combined product revenues $640M- $665M - Full year 2021 financial guidance is reiterated and consists of the following: Combined net product revenues for ONPATTRO, GIVLAARI and OXLUMO $640M - $665M; Net revenues from collaborations and royalties $150M- $200M.
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ATRS | Hot Stocks08:20 EDT Antares Pharma announces appointment of Carmen Volkart to board - Antares Pharma announced the appointment of Carmen Volkart to its Board of Directors.Volkart will also serve as a Member of the Audit Committee. Since 2018, she has served as the Chief Financial Officer of NatureWorks.
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STL | Hot Stocks08:20 EDT Sterling Bancorp announces strategic investment in FinTron - Sterling Bancorp announced a strategic investment in FinTron, a FinTech company providing a range of digitally enabled banking and investment services to the Mobile Generation. Through its subsidiary, Fintron Invest, an SEC registered broker-dealer, the company provides a range of investment services, including commission-free trading in more than two thousand stocks and ETFs, as well as investment automation and educational financial resources, all delivered through an "all-in-one" investing and investment education app. With a median client age of 26 and over 80% of its clients possessing limited or no investment experience, FinTron Invest is democratizing personal finance for a new generation of investors. The FinTron Invest app offers educational resources, automated investing, budgeting, and planning tools that work together to promote financial literacy. To better enable financial proficiency for younger generations and those intimidated by investment jargon, FinTron has also deployed a standalone product coined "FinTronU" - a free, simulated investing game and financial literacy program utilized by thousands of new investors.
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HBAN | Hot Stocks08:20 EDT Huntington Bancshares sees medium-term RoTCE 17%+ - Other medium-term goals include: Efficiency ratio of 56%, positive operating leverage, and CET1 ratio of 9%-10%. Targeting annual revenue growth slightly above nominal GDP. Managing annual expense growth relative to revenue outlook to achieve positive operating leverage. Targeting lower half of the long-term CET1 operating range. Comments taken from Q3 earnings conference call presentation slides.
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NARI | Hot Stocks08:19 EDT Inari Medical announces 6-month FLASH registry interim data - Inari Medical announced positive acute and long-term interim results from the first 500 pulmonary embolism patients enrolled in the FlowTriever Outcomes Registry, FLASH. At 48 hours post procedure, the major adverse event rate and mortality rate were low, at 1.4% and 0.2%, respectively. None of the deaths or major adverse events were device related. Collectively, these PE patients experienced substantial on-table improvements in hemodynamics and symptoms, which translated to 6-month improvements in cardiac function, functional status, and quality of life measures. The outcomes were achieved while limiting utilization of hospital resources, with less than 4% of patients receiving adjunctive therapy and a median of 0 days in the ICU post procedure. "FlowTriever is quickly becoming the frontline therapy for intermediate and high-risk PE. FLASH, already the largest prospective interventional data set in the field of PE, reinforces the excellent safety, functional improvement, and long-term outcomes of this approach," said Thomas Tu, MD, Chief Medical Officer of Inari Medical. "We believe these data continue to raise the bar to which existing and new treatments will be held. We remain committed to venous thromboembolism patients and to advancing the treatment of this disease through clinical research and the continued development of purpose-built devices."
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TRU | Hot Stocks08:18 EDT TransUnion marks five-year anniversary of Innovation Lab - TransUnion marked the five-year anniversary of its popular Innovation Lab this week during the Money 20/20 USA conference. Since its inception the Innovation Lab has helped dozens of banks, insurers, lenders and other financial institutions with customized data and analytics capabilities. The insights derived from the labs have improved millions of credit decisions, driving more access to affordable credit for consumers and helping companies better match products to prospects.
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DATS | Hot Stocks08:18 EDT DatChat launches DatChat Social Network+ - DatChat announced the launch of DatChat Social Network+, a social-networking focused expansion of the DatChat messaging platform. The newly-added features include content aggregation and discoverability, social engagement tools, a verified influencer platform and monetization tools, and an iMessage App with screenshot protection for pictures and messages. The platform's expansion offers users the ability to find and engage with personally relevant content within the privacy and protection of the DatChat ecosystem. Users can now access a feed of content served on the DatChat Social Network+, create private and public Communities and Pages based on interests, and follow one another.
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ABBV | Hot Stocks08:17 EDT AbbVie reports 'positive' results from Phase 3 study of ABBV-951 - AbbVie announced that continuous 24 hours/day subcutaneous infusion of ABBV-951 was statistically superior to oral levodopa/carbidopa in reducing motor fluctuations in patients with advanced Parkinson's disease in a Phase 3, randomized, double-blind, double-dummy, active-controlled study. The study met its primary endpoint of increase from baseline in "On" time (hours) without troublesome dyskinesia (involuntary movements) after 12 weeks based on the Parkinson's Disease Diary, These results will be a key component of global regulatory submissions. The increase in "On" time at week 12 was 2.72 hours for ABBV-951 versus 0.97 hours for oral levodopa/carbidopa. Improvements in "On" time were observed as early as the first week and persisted throughout the 12 weeks. It was also observed that an improvement from baseline in hours of average daily normalized "Off" time followed a similar pattern in reductions versus oral LD/CD after the first week and persisting through week 12.1 Decreases in "Off" time after 12 weeks were 2.75 hours for ABBV-951 versus 0.96 hours for oral LD/CD.
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SVOK | Hot Stocks08:17 EDT Boxed partners with HIVE Brands to power e-commerce operations - Boxed announced it is working with online marketplace Hive Brands to fuel its e-commerce operations by providing it with a suite of software technology and services as early as January 2022. Hive, led by Co-founder and CEO, Thomas Ellis, has created an online grocery shop where every purchase contributes to a more sustainable and equitable world. Each brand sold on Hive's platform is carefully vetted for sustainability and social impact, and the company practices carbon neutral shipping and uses 100% recyclable shipping materials. Hive is planning to utilize Boxed's proprietary e-commerce technology and fulfillment services to help power its platform.
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UAL | Hot Stocks08:16 EDT United Airlines adds five new flights from U.S. to London - United is adding five new flights to London's Heathrow Airport, including two more flights from New York/Newark, additional trips from both Denver and San Francisco, as well as an all-new direct flight from Boston. The new service begins in March 2022. United will offer 22 flights per day from the U.S. to London, and more flights between New York City and London than any other U.S. carrier. London was the most booked international destination for United's business customers in October, and the airline expects this trend to continue into 2022.
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NTWK | Hot Stocks08:16 EDT NetSol enter partnership agreement with American Financial Service Association - NETSOL Technologies announced it has signed an agreement to become a "Five-Star Premier Business Partner" of the American Financial Services Association. A member of the AFSA since 2019, NETSOL will now have an opportunity to more fully participate in select marketing programs and maximize the value of their participation in a range of association opportunities including auto finance industry events and presentations, podcasts and webinars. Being a Five-Star Premier Business Partner will also support the Company's efforts to gain a deeper and more consistent engagement with both the AFSA team and its member organizations as an industry thought leader.
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CAE SABR | Hot Stocks08:14 EDT CAE to acquire Sabre's AirCentre portfolio for $392.5M - CAE (CAE) is acquiring Sabre's (SABR) AirCentre airline operations portfolio, a suite of flight and crew management and optimization solutions. The agreement, valued at $392.5M excluding post-closing adjustments, includes the Sabre AirCentre product portfolio, related technology and intellectual property as well as the transfer of AirCentre's workforce. AirCentre generated approximately $150M revenue in the 2019 calendar year and approximately $55M EBITDA for the same period. The closing of the transaction is expected in 1Q22 and is subject to customary conditions and regulatory approvals. CAE expects that the transaction will be mid-single-digit percentage EPS accretive, and even higher free cash flow accretive, for CAE within the first year post-closing.
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IMMP | Hot Stocks08:13 EDT Immutep estimates cash reach into December 2023 - The Company's cash and cash equivalent balance as at 30 September 2021 was $106.39 million compared to a balance of $60.59 million as at 30 June 2021. The enhanced cash balance puts the company in a strong financial position with an estimated cash reach of December 2023.
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IMMP | Hot Stocks08:12 EDT Immutep reports Q1 cash receipts from customers $56K vs. $10K in Q4 - Immutep provides an update on the ongoing development of its product candidates, eftilagimod alpha and IMP761 for the quarter ended 30 September 2021. Efti Development Program for Cancer Immutep will report final Overall Survival data from its Phase IIb AIPAC clinical trial evaluating efti in metastatic breast cancer as a late breaker poster at the Society for Immunotherapy of Cancer Annual Meeting 2021 taking place in the US and virtually from 10-14 November. Immutep previously reported initial OS data from approximately 60% of events in December 2020 at the San Antonio Breast Cancer Symposium. The study reported a promising and improving trend in OS in the total population with a median survival benefit of +2.7 months from efti plus chemotherapy, compared to chemotherapy plus placebo. In addition, a statistically significant OS benefit was observed in the efti group in key pre-defined patient groups, including patients under 65 years of age and those with low starting monocyte count. Immutep is continuing the preparation and planning steps for its Phase III clinical trial evaluating efti in patients with metastatic breast cancer. In July 2021, Immutep completed all the necessary competent authority steps with the US Food and Drug Administration and has received institutional review board approval to commence its Phase IIb TACTI-003 trial in the US. Recruitment has also opened in the Ukraine and more sites and countries will be added in the coming months. This follows the receipt of Fast Track designation in 1st line recurrent or metastatic head and neck squamous cell carcinoma from the US FDA in April 2021. In addition, Immutep will be presenting the trial design for TACTI-003 via a poster at the SITC 2021 conference in November In September 2021, Immutep enrolled the last patient into Stage 2 of Part B of the Phase II TACTI-002 study, completing recruitment of 2nd line PD-1/PD-L1 refractory non-small cell lung cancer patients into the trial. Recruitment is continuing for the additional 74 1st line NSCLC patients for the expansion of Part A, with 70 patients already enrolled. Recruitment for the expansion of Part A of the study continues to be ahead of the expected recruitment rate. Immutep reported favourable interim Overall Response Rates together with encouraging duration and depth of response in 1st line NSCLC and 2nd line HNSCC at ASCO in June 2021. The Company will report data from Part C of TACTI-002 at the SITC 2021 conference in November. Additional data from this study trial are planned to be reported in the first half of calendar year 2022. INSIGHT is an investigator-initiated Phase I trial at the Institute of Clinical Cancer Research, Krankenhaus Nordwest investigating different combination treatments with efti and a different route of administration for efti. INSIGHT consists of 5 different arms from stratums A to E. In August 2021, the first patient was enrolled and safely dosed in INSIGHT-003, also referred to as stratum C of INSIGHT. Patient recruitment is ongoing with 4 out of a total of 20 patients with various solid tumours now participating in the trial. First interim results are expected to be reported in 2022. Results from INSIGHT-004 were presented at the ESMO Congress 2021 held 16-21 September. The results are in line with the previous poster presentation at ASCO 2021. INSIGHT-005, known as stratum E of INSIGHT, will involve 12 patients with solid tumours and will evaluate efti in combination with bintrafusp alfa. It will be conducted under Immutep's collaboration agreement with Merck KGaA, Darmstadt, Germany. Separately to Immutep's ongoing collaboration agreement with Merck KGaA, Merck KGaA and GlaxoSmithKline announced a mutual decision to terminate their agreement to co-develop bintrafusp alfa. Accordingly, Immutep and Merck KGaA are working closely to determine the next steps for the INSIGHT-005 study. The investigator-initiated EAT COVID study is continuing at the University Hospital Pilsen in the Czech Republic. Patient recruitment into the trial by the hospital has been slower than anticipated due to a significant decline in the number of infections and improving vaccination rates in the Czech Republic. The Company will provide an update on the trial in due course. During the quarter, Immutep continued GMP manufacturing preparations for IMP761 and is planning for toxicology studies and other pre-clinical evaluations of this promising candidate.
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ZEV | Hot Stocks08:12 EDT Lightning eMotors announces delivery, deployment of 10 cargo vans to Goodfood - Lightning eMotors announced the successful delivery and deployment of 10 all-electric cargo vans to Montreal, Canada-based Goodfood Market. This delivery marks Lightning eMotors' initial entry into Canada's commercial electric vehicle market, and the first deployment in Canada of a fully electric refrigerated vehicle fleet.
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ACLS | Hot Stocks08:10 EDT Axcelis announces shipments of Purion implanters to memory device manufacturer - Axcelis announced shipments of the company's Purion high current and high energy implanters to a leading memory device manufacturer located in Asia. The shipments include multiple follow on orders for the Purion H high current implanter and the Purion XE high energy implanter. The systems shipped in Q3 and Q4 and will be used in high volume production of DRAM and NAND memory devices supporting 5G, data analytics and AI markets.
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VSCO | Hot Stocks08:09 EDT MINDD to partner with Victoria's Secret as exclusive retailer - MINDD, the first bra company engineered for the D+ woman, announces partnership with the world's largest intimates specialty brand, Victoria's Secret, as their exclusive retailer. MINDD and Victoria's Secret began working together in early 2021, carefully curating a collection specifically for the Victoria's Secret audience, which features a range of MINDD's most popular products, including their signature bras, seamless underwear and bodysuits, across a variety of colors.
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FLIC | Hot Stocks08:09 EDT First Long Island expects to continue repurchase program in Q4 - The Corporation's balance sheet remains positioned for lending and growth with a Leverage Ratio of approximately 10.1% at September 30, 2021. The Corporation repurchased 100,845 shares of common stock during the third quarter of 2021 at a cost of $2.2 million and 301,265 shares during the first nine months of 2021 at a cost of $6.3 million. We expect to continue our repurchase program during the fourth quarter of 2021 and in 2022.
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METX AGMH | Hot Stocks08:08 EDT Meten Edtechx partners with AGM Group for blockchain and cryptocurrency mining - Meten Holding (METX) entered into a strategic cooperation agreement with AGM Group Holdings (AGMH) to accelerate the development Meten's blockchain and cryptocurrency mining business. Both parties agree to primarily cooperate on the research and development of blockchain applications and the establishment of a supply chain for cryptocurrency mining business. The agreement contains an initial order of AGMH's cryptocurrency mining machines from Meten and an option for Meten to purchase additional machines later.
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FPI | Hot Stocks08:08 EDT Farmland Partners acquires 815 acres of Missouri farmland for $6.5M - Farmland Partners announced that it purchased 815 acres of cropland in Mississippi County, Missouri for a total consideration of $6.5M. This nearly all tillable property consists of 802 tillable acres that has been precision leveled to 1% grade. The farm is irrigated and located near the town of East Prairie, Missouri and will primarily grow rice, corn, and soybeans. The farm will be leased for three years at a current yield of approximately 4%. This acquisition allowed the farmer to expand his operation and acquire another farm close by their main operation. The company intends to expand its portfolio in Missouri during the next few years. The company has also recently acquired two properties in central Illinois. The first farm consists of 80 acres, of which 70 are irrigated, in an area of Mason County, Illinois that produces a large quantity of specialty crops such as potatoes, sweet corn, popcorn, green beans, and pumpkins along with yellow corn, soybeans and wheat. The second farm consists of 178 acres in Marshall County, Illinois of very high-quality soils. The company is expecting to receive a current annual return of 3.5% on these recent Illinois acquisitions.
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CTVA NTR | Hot Stocks08:06 EDT Corteva names Chuck Magro as CEO, succeeding James Collins, Jr. - Corteva's (CTVA) Board of Directors announced that it has appointed Chuck Magro as the company's new CEO, effective November 1. He will also join Corteva's Board of Directors. Magro most recently served as CEO of Nutrien (NTR) and brings to Corteva extensive experience leading global agriculture companies to support value creation for all stakeholders. He succeeds JamesCollins, Jr., who will work with Magro to assure a smooth transition and will retire from Corteva at year-end.
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LYG | Hot Stocks08:05 EDT Lloyds Banking sees FY21 NIM modestly above 250bps - Previous view was "around 250bps." Operating costs are expected to be c.GBP 7.6 billion. Impairment now expected to be a net credit for the year. Return on tangible equity now expected to be over 10 per cent, excluding the c.2.5 percentage point benefit from tax rate changes. Risk-weighted assets in 2021 expected to be below GBP 200 billion.
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ITGR | Hot Stocks08:05 EDT Integer to acquire Oscor for $220M - Signed agreement to acquire Oscor, a private medical device company headquartered in Florida. Targeted to close in December 2021, subject to customary closing conditions. $220 million purchase price financed with debt. The acquisition structure includes a tax election that is expected to offset cash taxes by approximately $43 million over the next 15 years. Serving Integer's current markets, Oscor broadens Integer's product portfolio, expands its R&D capabilities, and adds low-cost manufacturing capacity. Oscor recognized $57 million sales in 2020 and historically has achieved high-single digit sales growth. Expect accretive EPS in 2022, increasing Integer's EPS growth rate by low-single digit.
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CAH | Hot Stocks08:04 EDT Cardinal Health awarded $750,000 contract by FDA - Cardinal Health announced it has been awarded a $750,000 contract by the U.S. FDA to implement an 18-month real world evidence study as part of the agency's efforts to advance the applicability of RWE in regulatory decision-making. The funding, which will support the project "Assessment of a Novel Methodology for Endpoints Assessing Response to Lymphoma Treatment in Real-World Studies," will evaluate the accuracy of real-world data for lymphoma tumor response compared to blinded independent central review, the gold standard in randomized clinical trials. Within this research, Cardinal Health will work with the FDA Oncology Center of Excellence to assess tumor response in the clinical care setting.
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CRS | Hot Stocks08:03 EDT Carpenter Technology reports Q1 adjusted EPS (28c), consensus (31c) - Reports Q1 revenue $387.6M, consensus $420.42M. "Demand patterns across our end-use markets continue to improve as our backlog finished up 25 percent sequentially and 49 percent year-over-year," said Tony Thene, President and CEO of Carpenter Technology. "We continue to see signs of a broad-based recovery taking hold across the Aerospace supply chain with an acceleration of demand conditions expected in calendar year 2022. Our Performance Engineered Products segment finished ahead of our expectations driven primarily by strong demand for our titanium fasteners in the Aerospace and Defense end-use market. Within the Specialty Alloys Operations segment, our performance was impacted by short-term operational delays including COVID-19 isolations at key work centers, supply chain disruptions across the world and hiring challenges in a difficult labor environment. The operational delays resulted in a temporary build in inventory during the current quarter, which negatively impacted our cash flow."
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RFL | Hot Stocks08:02 EDT Rafael says AVENGER 500 trial of CPI-613 does not meet primary endpoint - Rafael Pharmaceuticals announced that the AVENGER 500 Phase 3 clinical trial evaluating the efficacy and safety of CPI-613 in combination with modified FOLFIRINOX as a first-line therapy in patients with metastatic adenocarcinoma of the pancreas did not meet its primary endpoint of overall survival. In this multi-national Phase 3 randomized clinical trial, 528 patients with metastatic adenocarcinoma of the pancreas who had no prior therapy were randomized to receive either devimistat in combination with modified FOLFIRINOX or FOLFIRINOX, a current standard of care chemotherapy regimen. Devimistat given with mFFX did not significantly improve overall survival. The median overall survival in the devimistat and mFFX arm was 11.1 months, compared to 11.7 months in the FOLFIRINOX arm. Devimistat is also being evaluated in a Phase 3 study, ARMADA 2000, in patients with relapsed or refractory acute myeloid leukemia. Following a prespecified interim analysis, the independent data monitoring committee has recommended that the trial be stopped due to lack of efficacy. The company will work with investigators to complete a full evaluation of the data on both trials.
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ALNY | Hot Stocks07:57 EDT Alnylam announces planned CEO transition to Yvonne Greenstreet at year-end - Alnylam Pharmaceuticals announced the planned CEO transition of John Maraganore, Ph.D., to Yvonne Greenstreet, MBChB, at year-end 2021. Dr. Maraganore joined Alnylam in 2002 as the company's founding CEO and has led the company's advancement of RNAi therapeutics as a whole new class of innovative medicines, including four approved medicines marketed in over 25 countries around the world. Dr. Greenstreet joined Alnylam in 2016 and currently serves as the company's President and COO. Dr. Maraganore will support the leadership transition in a consulting capacity through March 31 and will continue to contribute to Alnylam's success as a member of the company's Scientific Advisory Board. Effective immediately, Dr. Greenstreet has been appointed to the Alnylam Board of Directors as part of the planned succession.
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INCY | Hot Stocks07:56 EDT Incyte announces validation of ruxolitinib cream MAA - Incyte announced the validation of the European Marketing Authorization Application, or MAA, for ruxolitinib cream, a topical JAK inhibitor, as a potential treatment for adolescents and adults with non-segmental vitiligo with facial involvement. The validation of the MAA by the European Medicines Agency, or EMA, confirms that the submission is ready to enter the formal review process.
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LEV | Hot Stocks07:55 EDT Lion Electric receives purchase order for 35 LionC school buses - Lion Electric announced that it has received a purchase order from Groupe Autocar Jeannois for 35 zero-emission LionC school buses, to be delivered over the next five years. The purchase order also includes an option for Jeannois to purchase an additional five LionC buses. These LionC buses will be added to Jeannois' existing fleet of three LionC all-electric buses. Jeannois has also placed a purchase order for four LionM buses to be delivered over the next four years, to gradually replace its luxury diesel-powered minibuses used in its corporate and tourist shuttle passenger transport branch. In addition, Lion announced that Jeannois will become the first Lion authorized service center for the region of Saguenay-Lac-St-Jean.
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CAMP | Hot Stocks07:51 EDT CalAmp and FAIRWAYiQ partner for golf course management - CalAmp is providing its CalAmp Telematics Cloud and edge computing devices to enhance FAIRWAYiQ's golf course operations and golf cart fleet management platform. This partnership brings CalAmp's fleet and asset tracking solutions to the golf course, aiming to enable FAIRWAYiQ to provide course operators with real-time visibility over gameplay and operations-connected intelligence to optimize course maintenance, player pace-of-play and, ultimately, each golfer's experience. FAIRWAYiQ was founded in 2015 to address the growing need for digital technologies and data analytics in managing the flow of play on golf courses to reduce wait times.
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MDGS | Hot Stocks07:50 EDT Medigus, Safee enter MOU for joint venture to trade NFT assets - Medigus has signed a non-binding memorandum of understanding with Safee. Per the agreement, the parties will embark on a joint venture to trade and monetize NFTs and other digital assets. The JV will use Safee's knowledge and platform to identify opportunities in the NFT field, and to buy, hold and monetize NFTs. Medigus will help fund the collaborative enterprise with a loan of up to $5 million for the purchase of NFTs and other digital assets. Medigus will also hold sway over management of the joint venture, appointing three of the four members of its board of directors, retaining hiring and firing rights of its CEO, and casting the decisive vote on budgetary and business planning matters. In exchange for furnishing consulting services to the joint venture on the purchase and sale of NFTs and other digital assets, the non-binding MOU offers Safee an opportunity to buy Medigus stock. Over a period of three years, Safee may exercise the option to buy 200,000 shares of Medigus at the price of $10 per share.
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DPRO | Hot Stocks07:49 EDT Draganfly completes over 300 EMS drone delivery test flights in Texas - Draganfly is pleased to announce that it has completed over 300 daytime drone delivery test flights with EMS personnel in Texas. Draganfly is currently in Phase 1 of its agreement with Coldchain Technology Services. In Spring Branch, Texas, the Company is working with emergency crews on the development and training of how to properly pilot drones and handle deliveries in emergency, medical and disaster response situations. The intake includes professional drone operators and former US Air Force personnel who have operational and piloting experience on multiple drone systems including the MQ-9 Reaper RPA. 100 of Draganfly's successful daytime test flights were completed with its innovative temperature managed payload box, which can transport up to 15 pounds of medical supplies including vaccines and testing kits. The Draganfly payload box is uniquely top mounted to make deliveries safer and more accessible. Initial night flight training and testing is being scheduled to commence. The data collected from Draganfly's daytime and night flight tests will be submitted to the Federal Aviation Administration for approval to enter Phase 2 of its agreement with Coldchain Delivery Systems. Feedback from EMS personnel is also being used to improve Draganfly's training module and develop industry standards.
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AGFY | Hot Stocks07:48 EDT Agrify enters Arizona cannabis market through Olive El Mirage partnership - Agrify Corporation announced it has signed a definitive agreement with its first Arizona-based customer, Olive El Mirage Partners. Olive El Mirage is a contract cultivation operation working with the top consumer brands in the fast-growing Arizona market. Under the terms of the Agreement, Agrify will work with Olive El Mirage on the build-out of its 30,000-square-foot facility, including the installation of 400 of Agrify's Vertical Farming Units along with integrated catwalks, integrated grow racks, and pest mitigation solutions. The deal value is expected to be approximately $23.8 million, which includes $9.4 million for the purchase of 400 VFUs and recurring SaaS revenue at a value of $14.4 million derived from Olive El Mirage's use of the Agrify Insights cultivation software over 10 years. Both parties also agree that Olive El Mirage will have up to 90 days to determine whether to proceed with a cash purchase of the VFUs or finance this transaction. Olive El Mirage will cover the cost of the construction and facility build-out with its own internal capital.
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ICE | Hot Stocks07:47 EDT IntercontinentalExchange declares 33c per share dividend, up 10% from Q420 - Intercontinental Exchang announced a 33c per share dividend for the fourth quarter of 2021, which is up 10% from the 30c per share dividend paid in the fourth quarter of 2020. The cash dividend is payable on December 31, 2021 to stockholders of record as of December 17, 2021. The ex-dividend date is December 16, 2021.
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IR | Hot Stocks07:46 EDT Ingersoll-Rand to acquire Air Dimensions for $70.5M cash - Ingersoll Rand has entered into an agreement to acquire Air Dimensions Inc. for an all-cash purchase of $70.5M. The company intends to close the transaction on Friday, October 29. Based in Deerfield Beach, Fla., Air Dimensions designs, manufactures and sells vacuum diaphragm pumps primarily for environmental applications in high-growth, sustainable end markets such as emission monitoring, biogas, utility and chemical processes. Upon closing, Air Dimensions will join Ingersoll Rand's Precision and Science Technologies segment. Air Dimensions has an estimated $11M in 2021 annual revenues and strong pre-synergy Adjusted EBITDA margins that are meaningfully higher than the Precision and Science Technologies segment. "The ability to expand our product portfolio, extend our reach in highly attractive end markets, further aftermarket exposure and welcome a team that shares our values makes the Air Dimensions transaction an excellent example of delivering on our inorganic growth strategy," remarked Vicente Reynal, chief executive officer of Ingersoll Rand. "This transaction is directly aligned with our strategic and financial M&A criteria designed to elevate the quality of our portfolio and generate shareholder value. The Air Dimensions acquisition positions us for future growth as a highly profitable business serving sustainable end markets and, along with the meaningful synergy opportunities we have identified, it is a natural fit for Ingersoll Rand."
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ETON | Hot Stocks07:41 EDT Eton Pharmaceuticals acquires marketing rights to carglumic acid tablets - Eton Pharmaceuticals announced that it has acquired U.S. marketing rights to carglumic acid tablets. The product's Abbreviated New Drug Application, which is owned by Novitium Pharma, was approved by the U.S. Food and Drug Administration on October 13, 2021. The product is an AB-rated, substitutable generic version of Carbaglu. "We are pleased to be offering patients a lower cost alternative to one of the most expensive treatments in the world," said Sean Brynjelsen, CEO of Eton Pharmaceuticals. "With our existing orphan drug commercial footprint and robust patient support services, we believe we are well positioned to commercialize this product. We look forward to working with Novitium to bring the product to patients later this year," Brynjelsen added.
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EME | Hot Stocks07:41 EDT Emcor announces new $300M share repurchase program - The company also announced today that its board of directors has authorized a new share repurchase program for the company to repurchase up to an additional $300M of its outstanding common stock.
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NFYEF | Hot Stocks07:41 EDT NFI Group launches Electrical Technician Training Program - NFI Group announced that subsidiary New Flyer of America has launched its Electrical Technician Training Program. The ETTP, launched initially in New Flyer's Crookston and St. Cloud, Minnesota facilities, is a program encompassing classroom and on-the-job training and providing employees with knowledge and skills to continue leading and supporting zero-emission adoption across North America. The program, whose module development leveraged existing programming from NFI subsidiary Motor Coach Industries, is intended for expansion and launch across NFI's other major manufacturing facilities in future.
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MINM | Hot Stocks07:39 EDT Minim launches Motorola WiFi 6 portfolio - Minim launches the Motorola WiFi 6 portfolio to meet the insatiable connectivity needs of today's gamers, streamers, and remote workers. Available now on Amazon.com, the value-packed Motorola MH7600 Mesh WiFi Series comes bundled with motosync, powered by Minim.
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VRNOF | Hot Stocks07:38 EDT Verano Holdings opens Zen Leaf Flamingo in Las Vegas - Verano Holdings announced the opening of Zen Leaf Flamingo, a new adult-use dispensary located at 5940 West Flamingo Road in Las Vegas, Nevada. The grand opening event is set to begin on Friday, October 29, at 7:00 AM local time. Zen Leaf Flamingo is located in Spring Valley, a Las Vegas suburb just west of The Strip. The area boasts award-winning eateries in a more accessible setting, just two miles from Las Vegas Boulevard.
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ATI | Hot Stocks07:36 EDT Allegheny Technologies CEO sees Q4 revenue and earnings growth - "Looking ahead to Q4, we anticipate sequential revenue and earnings growth primarily driven by the ongoing commercial aerospace recovery in our HPMC segment. Significant managed working capital reductions will fuel fourth quarter cash generation," said CEO Robert Wetherbee. "As our business transformation actions near completion in the AA&S segment, we'll temporarily curtail some early stage manufacturing activities to better align our inventory levels with market demand and have planned extended equipment outages to complete transformational upgrades. These actions will likely result in unfavorable cost absorption impacts in the quarter."
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ADS | Hot Stocks07:36 EDT Alliance Data reports September net charge offs 3.5% vs. 4.0% last month - Reports September delinquency ratio 3.8% vs. 3.6% last month.
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PAGS PXGYF | Hot Stocks07:34 EDT PagSeguro Digital says company has no agreement with Pax Technology - Contacted by The Fly following news reports regarding an FBI's raid of the Florida locations of Pax Global Technology (PXGYF), a spokesperson for PagSeguro Digital (PAGS) said that, "Differently than other markets, such as the American, all the application software that runs on our POS devices, independently of the supplier, is developed internally by us, tested and certified by industry standard setters, such as PCI, EMV, ANATEL, ABECS, card schemes, and other third-party entities, following the highest standards of global payments information security. We believe that this arrangement provides greater control over the end-to-end transaction process and ensures that the data exchanged among POS devices, card schemes and banks are secured and encrypted. We have been providing payments solutions in Brazil for millions of clients for the past 15 years and the there isn't any evidence of malware in our solutions. We have been working with several POS device suppliers with headquarters in Brazil, Asia, United States and Europe and we do not exchange any information regarding its customers, merchants or transactions with any of them. We do not have any agreement with Pax Technology (China). Our commercial agreement to purchase Pax's POS devices is through Transire Brazil, a local Brazilian multi-brand manufacturer with rights to import, manufacture and assemble different POS device suppliers. PagSeguro Digital Ltd is compliant with Brazilian Central Bank and Sarbanes-Oxley Act."
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CLST | Hot Stocks07:33 EDT Catalyst Bancorp reports Q3 net income $1.4M vs. $260K in Q2 - Loans receivable totaled $136.7M at September 30, 2021, down $3.6M, or 2.5%, from June 30, 2021. The reduction was primarily due to principal repayments and payoffs on one- to four-family residential mortgage loans. "Upon the successful completion of our IPO, we are now at the starting line for what we expect to be a demanding and highly productive season in our 98+ year history," said CEO Joe Zanco. "We're focusing our investments on people and technology to build a bank known for fueling business and improving lives."
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LECO | Hot Stocks07:33 EDT Lincoln Electric recognizes $73.6M charges in Q3 due to pension plan termination - During the third quarter 2021, the Company recognized $73.6 million of non-cash pension settlement charges associated with lump sum distributions related to the termination of a pension plan. In October 2021, the Company entered into an agreement to purchase a group annuity contract with an insurance company to settle the remaining pension obligations of this plan. The Company estimates fourth quarter 2021 pre-tax settlement charges of approximately $35 - $45 million related to the annuity purchase. The Company anticipates using any surplus assets to fund future contributions into another retirement plan.
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ASM CDE | Hot Stocks07:31 EDT Avino acquires neighboring La Preciosa project from Coeur Mining - Last night, Avino Silver & Gold Mines (ASM) announced that it has entered into a share purchase agreement to indirectly acquire through the purchase of the shares of certain holding companies the La Preciosa Property from Coeur Mining (CDE). La Preciosa is a development stage mineral property, hosting one of the largest undeveloped primary silver resources in Mexico, and is located adjacent to Avino's existing operations at the Avino Property in Durango, Mexico, the company stated. David Wolfin, Avino's President and CEO, stated: "We believe this is a transformational Transaction for Avino shareholders. I have always believed that Avino and La Preciosa belong under common ownership given the clear synergies and common infrastructure, and I'm delighted that Coeur shares this vision. La Preciosa is an excellent strategic fit within Avino's existing operations and further strengthens our presence in Durango by adding not only a large, high-quality silver development project with near-term production potential to our portfolio, but also increasing our mineral exploration concessions by more than 7-fold to over 7,000 hectares. We are also very pleased to welcome an experienced miner in Coeur as a strategic Avino equity holder. Work is already underway to determine how to best integrate La Preciosa into Avino's production operations, given the proximity to the current processing facilities and infrastructure. We expect a large portion of the existing La Preciosa resource could be mined via an underground operation to potentially improve Avino's production and organic growth profile." Avino has agreed to pay cash consideration of $20M, of which $15M is payable at the closing of the Transaction from Avino's cash on hand. The remaining $5M is payable before the first anniversary of the closing date. Avino will execute a note payable in favor of Coeur with respect to the remaining cash consideration on customary termsi. Additionally, Avino will issue 14.0M units, each comprising one common share and one-half of a common share purchase warrant. On closing, Coeur will own about 12% of Avino's issued and outstanding common shares. The Warrants will have an exercise price of $1.09, representing a 25% premium to Avino's 20-day VWAP as of October 26, 2021, and will have a term of 18 months from the closing date of the transaction.
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BHP | Hot Stocks07:30 EDT Noront receives no response from Wyloo, supports BHP offer - Noront Resources provided an update to shareholders and advises Noront shareholders to tender their shares to the C$0.75 all-cash offer from BHP Western Mining Resources International. Noront CEO Alan Coutts: "It's critically important that Noront shareholders are aware of two facts: First, the all-cash C$0.75 per share BHP offer is the only offer on the table. The previous Wyloo proposal of C$0.70 per share fell away, once BHP topped it with its C$0.75 offer; and Second, we have heard nothing from Wyloo since receiving the improved BHP offer more than a week ago, and Wyloo has no obligation to respond. There is no indication that another offer from Wyloo for the Company will be forthcoming. The BHP offer provides both certainty and a compelling premium. We encourage Noront shareholders to tender their shares to the BHP offer well in advance of the November 9 deadline."
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YEXT | Hot Stocks07:29 EDT Yext collaborating with Acquia for new AI search integrations - Yext announced new integrations that aim to enable businesses to implement AI-powered search experiences on websites built with Acquia Drupal Cloud, a platform for building, delivering, and optimizing digital experiences. Acquia provides enterprise-grade solutions and services built around Drupal, an open source content management system, to give companies the ability to build, operate, and optimize websites, apps, and other digital experiences. In collaboration with Acquia, Yext can offer its clients a new set of managed cloud solutions built with Drupal and Acquia solutions.
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SCOR | Hot Stocks07:27 EDT Comscore signs agreement with Vistar Media for DOOH audience targeting - Comscore announced an agreement with Vistar Media, a global provider of programmatic technology for digital out-of-home - DOOH -. Comscore Activation audiences, spanning demographics, personas and cross-platform media consumption, are now available for DOOH programmatic targeting through Vistar. By leveraging Comscore audiences, Vistar will help expedite the growth and cross-over of DOOH into omnichannel programmatic buying. Vistar is the first DOOH programmatic platform to launch Comscore audiences.
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TW | Hot Stocks07:27 EDT Tradeweb Markets sees FY21 adjusted expenses: $565M - $580M - Sees FY21 Adjusted Expenses: $565 - $580M; Acquisition and Refinitiv Transaction related depreciation and amortization expense: $124M; Assumed non-GAAP tax rate: 22.0%; Capital expenditures and capitalization of software development: $49 - $53M.
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CWEGF | Hot Stocks07:27 EDT Crew Energy announces transition to pure-play Montney producer - Crew Energy is pleased to confirm the Q3 sale of our Lloydminster heavy oil asset representing the final step of our strategic transition to a pure-play Montney producer, and provide an operational update highlighted by recent drilling success and production volumes of 30,000 boe1 per day based on net field sales estimates. Late in Q3, Crew completed the sale of our Lloydminster heavy oil operations for gross cash proceeds of $10.3 million, representing the streamlining of our asset base. Through this Transaction, approximately 1,050 boe1 per day of primarily heavy oil production was divested from the portfolio. While the Lloydminster volumes represented approximately 4% of Crew's total production volumes, they contributed approximately 19% to our corporate operating costs which are anticipated to decline by approximately $0.70 per boe and improve margins. Given Lloydminster previously represented Crew's most emission-intensive asset, we will have removed 46% of Crew's direct 2020 GHG emissions and anticipate the Company's total GHG emissions intensity will be reduced significantly going forward, putting Crew on a path to reach our emissions reduction goals earlier than anticipated. Divesting of these assets sets the stage for Crew to streamline operations and improve efficiencies going forward while reducing our overall Asset Retirement Obligation liabilities by nearly 40%, representing approximately $34.5 million associated with 609 gross wellbores. This successful completion of the Transaction enables Crew to focus entirely on the world-class Montney play, and improves our environmental impact, positively contributing to the Company's environmental, social and governance goals. Our team is in a stronger position to enhance value as we focus Crew's resources fully to the Montney, where we have the greatest potential to generate returns and secure long-term sustainability. With this divestment, Crew would like to thank the dedicated Lloydminster heavy oil team for their hard work and support over the past 10 years, and particularly through the sale process. We wish to recognize their contributions to Crew's culture and leadership in upholding our commitment to safety, evidenced by achieving three years without a recordable injury at Lloydminster. Crew is also very pleased to confirm that after the impact of the Lloydminster sale, our current production volumes have recently reached 30,000 boe1 per day with record net natural gas sales production of 149 mmcf per day based on field estimates. This level of natural gas production is the highest ever realized by the Company, being produced into a very strong commodity price environment, and reflects the success of Crew's drilling program to date in 2021. This robust production performance is partly driven by volumes coming on stream from the seven wells on our 1-8 pad within the Greater Septimus area, along with our 4-17 land tenure retention pad at Groundbirch. At the 4-17 pad, three wells were completed during Q3,2021 and are currently producing at restricted rates of approximately 32 mmcf of raw gas per day. These wells have been producing for 18 days and will continue to clean-up prior to a two-week period during which volumes will be shut-in while permanent production facilities are installed. The successful validation of this test pad, along with the evaluation of two distinct zones within the Montney, represent strategically important milestones for Crew given that these drilling results are expected to be the foundation for development of a new core area at Groundbirch. Based on a combination of production and pressure test data, we believe that these wells have the potential to be the most prolific gas wells the Company has drilled to date. Crew owns over 70,000 net acres of contiguous land in the Greater Groundbirch area and has an additional five well authorization permits at the 4-17 pad to follow up on the success of the first three wells. We expect that at least two additional zones in the Montney are potentially prospective at Groundbirch and we are currently advancing plans to test those zones in the future. In addition to realizing positive drilling and field operations results, our West Septimus gas processing facility recently achieved a new throughput record of 125 mmcf per day with working interest sales of 115 mmcf per day and a nameplate capacity of 120 mmcf per day of sales gas. These strong volumes are a direct result of incremental production added from the Company's new 1-8 pad along with our 4-17 pad at Groundbirch. Concurrent with these wells coming on-stream and in light of the West Septimus facility being close to capacity, Crew has made infrastructure modifications that allow volumes from the 4-17 pad to flow to, and be processed at, our Septimus gas processing facility, which currently has approximately 40 mmcf per day of excess capacity. This will accommodate new production from the five-well 4-21 pad at West Septimus that is scheduled to begin producing in mid-December. Although we are drilling an additional five wells, Crew is maintaining previous capital expenditures guidance of $150 to $170 million and average production guidance of between 26,000 and 28,000 boe1 per day for 2021. We intend to build on the momentum realized to date, with plans to drill 26 and complete 21 wells by the end of 2021, and to carry forward ten drilled and uncompleted wells into 2022. During the first quarter of 2022, we plan to complete and bring these ten wells onto production through the Septimus gas processing facility. In addition, Crew has available capacity on three major export pipelines to facilitate the transportation to markets of our growing natural gas production.
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PXGYF | Hot Stocks07:26 EDT PAX Technology says 'not aware of any illegal conduct' - In an emailed statement, PAX Technology said that, "On Tuesday, October 26, 2021, PAX Technology, Inc. in the United States was subject to an unexpected visit from the Federal Bureau of Investigation and other government agencies relating to an apparent investigation. PAX Technology is not aware of any illegal conduct by it or its employees and is in the process of engaging counsel to assist in learning more about the events that led to the investigation. Separately, we are aware of media reports regarding the security of PAX Technology's devices and services. PAX Technology takes security very seriously. As always, PAX Technology is actively monitoring its environment for possible threats. We remain committed to providing secure and quality software systems and solutions. We intend to keep our team and customers apprised of the situation. In the meantime, it is business as usual at our locations and operations are continuing as normal. The PAX Jacksonville office and warehouse are both open at this time."
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ACB | Hot Stocks07:26 EDT Aurora Cannabis announces manufacturing agreement with The Valens Company - Aurora Cannabis announced a manufacturing agreement with The Valens Company, a manufacturer of cannabis products, to manufacture a new seasonal offering in the mint category. Launching under Drift Turbo, the company's mainstream adult-use recreational brand, the new Canna Cane Mints are a two-piece hard peppermint candy containing 10mg THC. This is the first product offering under the manufacturing arrangement, which is expected to expand in the coming months. The cannabis edibles will be manufactured using SundefinedRSE by Valens emulsion technology, a patented, in-house emulsion technology that transforms cannabis oils into water-soluble forms to infuse foods, liquids and topicals without the taste or smell of cannabis.
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ACB | Hot Stocks07:24 EDT Aurora Cannabis announces manufacturing agreement with The Valens Company - Aurora Cannabis announced a manufacturing agreement with The Valens Company, a manufacturer of cannabis products, to manufacture a new seasonal offering in the mint category. Launching under Drift Turbo, the company's mainstream adult-use recreational brand, the new Canna Cane Mints are a two-piece hard peppermint candy containing 10mg THC. This is the first product offering under the manufacturing arrangement, which is expected to expand in the coming months. The cannabis edibles will be manufactured using SundefinedRSE by Valens emulsion technology, a patented, in-house emulsion technology that transforms cannabis oils into water-soluble forms to infuse foods, liquids and topicals without the taste or smell of cannabis.
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RFL | Hot Stocks07:22 EDT Rafael sinks 67% to $9.89 after CPI-613 Phase 3 trial misses endpoint
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HSSHF | Hot Stocks07:21 EDT Digihost Technology announces over 6,000 M30 bitcoin miners received - Digihost Technology announced that the Company has received 1,040 new, technologically advanced, high-performance M30 Bitcoin miners anticipated to be online and fully operational by the end of next week. These new Miners are in addition to the 1,952 M30 miners received in mid-October. Additionally, Digihost is pleased to announce that 3,040 M30 miners are currently in transit to the Company's data center. Once received and fully operational, Digihost will have added approximately 6,000 new M30 miners since mid-October. The Company's current hashrate of approximately 300PH, which includes the 1,952 M30 miners and the removal of old, less efficient miners, is expected to increase to approximately 500PH by the middle of November, representing an approximate increase of 150% since September of 2021.
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ELMS | Hot Stocks07:20 EDT Electric Last Mile Solutions announces new EV Campus Program - Electric Last Mile Solutions announced the ELMS EV Campus Program - a collaboration with universities nationwide that is designed to help them meet their sustainability and ESG goals. The EV Campus Program will allow universities to pilot an ELMS Urban Delivery commercial electric vehicle free of charge for up to four weeks. The university will utilize the vehicle within campus boundaries covering a wide range of use cases during the duration of the pilot. ELMS will also install its telematics devices in universities' current campus fleets - including in traditional gas combustion vehicles - to analyze duty cycle data and provide universities with a report proposing customized solutions to reduce their carbon emissions, lower vehicle maintenance costs and adopt robust EV charging infrastructure. "This groundbreaking program is uniquely designed to serve colleges and universities seeking a green future," said Ron Feldeisen, Chief Revenue Officer, ELMS. "Not only will universities have a chance to pilot the ELMS all-electric Urban Delivery van, but they will also receive a comprehensive assessment of their current fleet so they can better understand where they can achieve cost savings and drive better business by going electric." ELMS initiated a pilot program in July with the University of Notre Dame to assess how the university could advance efficiency and sustainability actions within its operations.
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AMT | Hot Stocks07:19 EDT American Tower raises midpoint of FY21 property revenue, net income - The Company is raising the midpoint of its full year 2021 outlook for property revenue, net income, Adjusted EBITDA and Consolidated AFFO by $10 million, $170 million, $50 million and $60 million, respectively. The Company's outlook reflects estimated unfavorable impacts of foreign currency exchange rate fluctuations to property revenue, Adjusted EBITDA and Consolidated AFFO of approximately $30 million, $20 million and $15 million, respectively, relative to the Company's prior 2021 outlook. The impact of foreign currency exchange rate fluctuations on net income metrics is not provided, as the impact on all components of the net income measure cannot be calculated without unreasonable effort. Additionally, the Company is now providing its outlook for Net income attributable to AMT common stockholders and AFFO attributable to AMT common stockholders due to the recent closings of its agreements with CDPQ and Allianz.
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ACRHF | Hot Stocks07:19 EDT Acreage Holdings completes expansion at Egg Harbor cultivation facility - Acreage Holdings announced the completion of an expansion at its Egg Harbor Township, New Jersey cultivation facility. The expansion maximized the cultivation and manufacturing footprint of the ~85,000 square foot facility, which ultimately increased capacity output fourfold. Acreage completed the expansion at the Facility to support increasing retail demand at Acreage's The Botanist locations and to supply the robust and rapidly growing wholesale market in the state with its high quality indoor grown flower and products. Acreage currently operates three dispensaries in New Jersey located in Egg Harbor Township, Williamstown and Atlantic City, the maximum number allowable by state law, as well as a cultivation and processing facility.
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AMT | Hot Stocks07:19 EDT American Tower raises midpoint of FY21 property revenue, net income - The Company is raising the midpoint of its full year 2021 outlook for property revenue, net income, Adjusted EBITDA and Consolidated AFFO by $10 million, $170 million, $50 million and $60 million, respectively. The Company's outlook reflects estimated unfavorable impacts of foreign currency exchange rate fluctuations to property revenue, Adjusted EBITDA and Consolidated AFFO of approximately $30 million, $20 million and $15 million, respectively, relative to the Company's prior 2021 outlook. The impact of foreign currency exchange rate fluctuations on net income metrics is not provided, as the impact on all components of the net income measure cannot be calculated without unreasonable effort. Additionally, the Company is now providing its outlook for Net income attributable to AMT common stockholders and AFFO attributable to AMT common stockholders due to the recent closings of its agreements with CDPQ and Allianz.
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VIEW | Hot Stocks07:18 EDT View Inc. announces installation of smart windows in project by Henbart - View announced the installation of its smart windows at Parque Kirkland, a new mixed-use apartment residence in Kirkland, WA, scheduled to open next month. The development represents the second project for Henbart and View, following the installation of View Smart Windows at Henbart's Lake Union office building, which achieved LEED Gold certification upon its renovation. "View's mission is to help our customers transform buildings to benefit people and our planet," said Sri Venkat, Vice President at View. "We're thrilled to once again partner with Henbart to support their leadership in wellness and sustainability."
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VS | Hot Stocks07:17 EDT Versus Systems announces NHL's Anaheim Ducks renewed partnership - Versus Systems announced that the company is powering the interactive in-venue fan engagement experience for the National Hockey League's Anaheim Ducks at the team's home games at Honda Center in Anaheim, CA. The Ducks renewed their partnership with Versus to use the XEO platform, as well as the company's professional services, for the 2021-22 season and the 2022-23 season. "We are thrilled to work with the Anaheim Ducks to enhance the in-stadium experience at Honda Center and make their home games more engaging and rewarding for Ducks fans. Versus is proud to work with the world's most exciting teams, leagues, and live events to bring interactivity, engagement, and real-world rewards to fans all across the globe. We are looking forward to making Ducks home games even more fun for their fans this year, and in the years to come," said Matthew Pierce, Founder and CEO of Versus Systems.
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RFL | Hot Stocks07:16 EDT Rafael says IDMC recommends AVENGER 500 trial of CPI-613 be stopped - Rafael Holdings announced that the AVENGER 500 Phase 3 clinical trial for CPI-613, Rafael Pharmaceuticals' lead product candidate, did not meet its primary endpoint of significant improvement in overall survival in patients with metastatic adenocarcinoma of the pancreas. In this multi-national Phase 3 randomized clinical trial, 528 patients with metastatic adenocarcinoma of the pancreas who had no prior therapy were randomized to receive either devimistat in combination with modified FOLFIRINOX in the treatment arm or FOLFIRINOX alone in the control arm. Devimistat given with mFFX did not significantly improve overall survival compared to FFX alone. The median overall survival in the treatment arm was 11.1 months, compared to 11.7 months in the control arm. Devimistat is also being evaluated in a multi-national Phase 3 randomized clinical trial, ARMADA 2000, in patients with relapsed or refractory acute myeloid leukemia. Following a pre-specified interim analysis, the independent data monitoring committee has recommended the trial be stopped due to lack of efficacy. "We are disappointed by the results of these two Phase 3 clinical trials with devimistat. We plan to work in collaboration with Rafael Pharmaceuticals to further evaluate the data," said Ameet Mallik, CEO, Rafael Holdings, Inc. "We would like to thank the patients, families, and investigators for their participation in the AVENGER 500 and ARMADA 2000 trials."
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HCWB | Hot Stocks07:15 EDT HCW Biologics receives FDA clearance to proceed with Phase 1b trial for HCW9218 - HCW Biologics announced that it has been cleared by the U.S. Food and Drug Administration to proceed to evaluate its lead drug candidate, HCW9218, in a first-in-human Phase 1b clinical trial in patients with advanced pancreatic cancer. HCW9218 is an injectable, fusion protein complex designed to drive bifunctional, anti-tumor activity by activating desired immune responses to attack cancer cells while simultaneously blocking unwanted immunosuppressive activities. Hing Wong, Ph.D., Founder and CEO of HCW Biologics, stated, "The FDA's clearance to proceed with our first-in-human trial for HCW9218 in pancreatic cancer is an important milestone for HCW Biologics and our efforts to advance the development of potentially groundbreaking immunotherapy candidates for cancer and other age-related diseases. Advances in immuno-stimulatory and anti-immunosuppressive therapeutics have revolutionized cancer treatment. We have created a bifunctional heterodimeric molecule, HCW9218, that can both stimulate the immune system and block the immunosuppressive activity of transforming growth factor-beta. In preclinical studies, we showed that HCW9218 enhanced the anti-tumor efficacy of chemotherapy docetaxel and gemcitabine plus nab-paclitaxel against melanoma and pancreatic cancer, respectively, and simultaneously alleviated the off-target, unwanted effects of chemotherapies on normal tissues. In experimental animal models, HCW9218 was also shown to augment anti-tumor activities of therapeutic and checkpoint antibodies, which are currently standard-of-care anti-cancer treatment for certain solid tumors."
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LABP | Hot Stocks07:14 EDT Landos Biopharma announces first subject dosed in Phase 1 study of LABP-104 - Landos Biopharma announced the company has dosed the first subject in a Phase 1 study of LABP-104, a potentially first-in-class oral, small-molecule LANCL2 agonist, for the treatment of systemic lupus erythematosus, SLE. "We are pleased to announce the initiation of the first clinical trial investigating LABP-104, marking Landos' sixth novel clinical program addressing the unmet clinical needs of patients with autoimmune diseases," said Dr. Josep Bassaganya-Riera, Chairman, President, and CEO of Landos. "Our LANCE platform coupled with our agile entrepreneurial culture continues to deliver high value shots on goal. There are approximately 1.5 million patients in the U.S. suffering from SLE with very limited therapeutic options. Leveraging our LANCE platform to develop a proprietary LABP-104 transcriptional response signature in blood holds promise to identify the SLE patients that may benefit the most from oral LABP-104 treatment. We are excited to advance LABP-104 as the first potential precision medicine-based therapeutic candidate for SLE into clinical testing." The Phase 1 trial is a randomized, placebo-controlled, double-blind, ascending dose, multi-cohort study designed to evaluate the safety, tolerability and pharmacokinetics of LABP-104 in healthy volunteers. The primary endpoint will measure the safety and tolerability of LABP-104. Secondary endpoint will measure the pharmacokinetics of LABP-104. The company expects to report topline results of the Phase 1 trial in the first half of 2022.
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BDX | Hot Stocks07:14 EDT Becton Dickinson enters public-private partnership with BARDA for COVID-19 tests - Becton Dickinson announced the formation of a strategic, public-private partnership with the Biomedical Advanced Research and Development Authority, or BARDA, part of the U.S. Health and Human Services Office of the Assistant Secretary for Preparedness and Response to support the development of a range of COVID-19 combination diagnostic tests for core laboratories, hospitals and at the point of care.
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CMTL... | Hot Stocks07:14 EDT The Digital IF Interoperability Consortium continues membership growth - The Digital IF Interoperability Consortium announced the addition of three new members, including commercial companies Comtech Satellite Network Technologies (CMTL) and Viasat (VSAT) and as well as new government member, the U.S. Defense Information Systems Agency. These organizations join the growing roster of industry leaders coming together to support innovation and the digital transformation of space, satellite and related network technologies through the development of industry interoperability standards. In August, DIFI introduced version 1.0 of its interoperability standard based upon VITA 49, entitled IEEE-ISTO Std 4900-2021: Digital IF Interoperability Standard which can be downloaded at the Consortium's website https://dificonsortium.org. This standard has already been specified in at least one major satellite communications RFI by the U.S. Army to support system interoperability.
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TROW | Hot Stocks07:12 EDT T. Rowe Price to acquire Oak Hill Advisors for up to $4.2B - T. Rowe Price announced a definitive agreement to purchase Oak Hill Advisors, L.P, an alternative credit manager. Under the terms of the transaction, T. Rowe Price will acquire 100% of the equity of OHA and certain other entities that have common ownership for a purchase price of up to approximately $4.2B, with $3.3B payable at closing, approximately 74% in cash and 26% in T. Rowe Price common stock, and up to an additional $900M in cash upon the achievement of certain business milestones beginning in 2025. The purchase price includes the retirement of OHA debt outstanding at closing. Excluding amortization of intangibles and the expense impact of the earnout, the transaction is expected to be accretive to T. Rowe Price diluted earnings per share by a low-to-mid single digit percentage in 2022. The transaction has been unanimously approved by the T. Rowe Price Board of Directors and the partners of OHA and is expected to close late in the fourth quarter of 2021, subject to the satisfaction of customary closing conditions, including the receipt of regulatory clearances and approvals and client consents.
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BABYF | Hot Stocks07:11 EDT Else Nutrition to expand product range on iHerb to over 180 countries - ELSE NUTRITION HOLDINGS announced that it will be expanding its current line of Plant-Based Nutrition products with U.S.-based, international online retailer iHerb Inc. Planned for November 2021, Else's Plant-Powered Complete Nutrition Shakes for Kids will be available on iHerb.com, in both chocolate and vanilla flavors. The agreement expands Else Nutrition's offering on iHerb, and its gateway to global online consumers.
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CNOB | Hot Stocks07:09 EDT ConnectOne Bancorp increases share repurchase program by 2M shares - During the third quarter of 2021, the Company repurchased approximately 196,000 shares of common stock leaving approximately 315,000 shares remaining authorized for repurchase under the current Board approved repurchase program. In addition, the Board has authorized the repurchase of up to an additional 2,000,000, or approximately 5%, of the Company's currently outstanding common shares. The Company may repurchase shares from time-to-time in the open market, in privately negotiated stock purchases or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission and applicable federal securities laws. The share repurchase plans do not obligate the Company to acquire any particular amount of common stock, and they may be modified or suspended at any time at the Company's discretion.
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CNOB | Hot Stocks07:09 EDT ConnectOne Bancorp raises quarterly dividend 18% to 13c per share - The Company announced that its Board of Directors declared a cash dividend on its common stock of $0.13 per share, reflecting an 18% sequential increase in our cash dividend. The dividend, which reflects the second $0.02 increase declared during 2021, will be paid on December 1, 2021 to common shareholders of record on November 15, 2021.
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MO BUD | Hot Stocks07:08 EDT Altria currently plans to maintain AB InBev investment - Altria (MO) said: "The five-year transfer restriction of the 185 million ABI shares that Altria received in the 2016 ABI and SABMiller plc business combination expired on October 10, 2021. Altria views its ABI stake as a financial investment and is focused on maximizing the long-term shareholder value of the investment. In anticipation of the expiration of the lock-up, Altria conducted an in-depth analysis of its investment in ABI considering a range of factors, including: the strategic rationale for continuing as a long-term investor in the beer category; ABI's share price (which has declined by more than 30% since October 2019 due in large part to the effects of the COVID-19 pandemic on its business); expectations for ABI's business; alternative uses of capital; and tax considerations. Altria determined that selling its investment in ABI at this time would not maximize long-term shareholder value; therefore, Altria currently plans to maintain its ABI investment. Altria continues to have confidence in ABI's long-term strategies; premium global brands; experienced management team; and capability to successfully navigate near-term challenges. Altria will continue to monitor and evaluate market conditions and the analytical factors described above on a regular basis, in accordance with its goal of maximizing the long-term shareholder value of this investment."
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EVLO | Hot Stocks07:08 EDT Evelo Biosciences announces expected milestones - EDP1815 - Psoriasis: data from Part B of the Phase 2 trial will report out in 1Q 2022 and Evelo anticipates presenting the full Phase 2 data set at a medical meeting or scientific congress during 2022. EDP1815 - Atopic Dermatitis: Evelo anticipates enrolling the first patients in the Phase 2 trial during 4Q 2021 and data from Phase 2 trial anticipated in 4Q 2022. EDP1867 - Atopic Dermatitis: Interim data from Phase 1b trial anticipated in 1H 2022. EDP2939 - Inflammation: Initiation of clinical development in 2022. EDP1908 - Oncology: Initiation of clinical development in 2022.
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MO | Hot Stocks07:04 EDT Altria Group expands share repurchase program to $3.5B from $2B - Billy Gifford, Altria's CEO, said: "Our tobacco businesses performed well against difficult year-over-year comparisons and we're encouraged by the significant retail share growth from on! in the third quarter. We also continued to reward shareholders with a strong and growing dividend and announced today the expansion of our existing $2.0 billion share repurchase program to $3.5 billion."
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GNCA | Hot Stocks07:04 EDT Genocea reports Q3 EPS (5c), consensus (20c) - "We continue to make significant progress. Most notably, we are very excited about our TiTAN clinical trial for GEN-011, our neoantigen-targeted peripheral T cell therapy candidate, from which we expect to have initial data from a small subset of patients in the first quarter or early in the second quarter next year," said Chip Clark, Genocea's President and Chief Executive Officer. "We are also pleased that our SITC presentations will continue to showcase the neoantigen selection capabilities of our ATLAS platform, through differentiated long-term immunogenicity and clinical response data for GEN-009, our neoantigen-targeted vaccine candidate, and through its potential application to novel autoimmune disease treatments."
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KDP | Hot Stocks07:04 EDT Keurig Dr Pepper sees management leverage ratio at or below 3.0x at year-end
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OSK | Hot Stocks06:53 EDT Oshkosh raises quarterly dividend 12% to 37c per share - Payable on November 29 to shareholders of record as of November 15.
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PFE BNTX | Hot Stocks06:49 EDT Pfizer, BioNTech to supply additional 50M COVID vaccine pediatric doses to U.S. - Pfizer (PFE) and BioNTech SE (BNTX) announced that the U.S. government has purchased 50M more doses of the companies' COVID-19 vaccine. The U.S. will receive these additional doses to continue to support preparedness for pediatric vaccinations, including securing vaccines for children under 5 years of age, should they receive regulatory authorization. The companies expect to deliver all these doses by April 30, 2022. With this order, the U.S. government has exercised its final purchase option under its existing U.S. supply agreement with the companies, bringing the total number of Pfizer-BioNTech COVID-19 Vaccine doses secured under the agreement since the start of the pandemic to 600M - spanning doses for adults and adolescents, and children. Separately, Pfizer and BioNTech have agreed to provide a total of 1B doses to the U.S. government at a not-for-profit price for donation to low- and lower-middle-income countries.
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TPX | Hot Stocks06:48 EDT Tempur Sealy increases share repurchase program to $600M - Tempur Sealy announced that its board of directors has increased the authorization under the company's share repurchase program to a total of $600M. In the trailing twelve months ended September 30, Tempur Sealy repurchased approximately 20M shares at an aggregate cost of approximately $700M.
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SNY | Hot Stocks06:45 EDT Sanofi now expects FY21 business EPS up around 14% at CER - Sanofi now expects 2021 business EPS to grow around 14% at CER, barring unforeseen major adverse events. Applying average October 2021 exchange rates, the currency impact on 2021 business EPS is estimated to be between -3.5% to -4.5%. Sanofi previously forecast FY21 business EPS up around 12% at CER.
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PBF | Hot Stocks06:44 EDT PBF Energy sees FY21 capital expenditures $400M-$450M - The company said, "In addition to focusing on the safety and reliability of our core refining operations, we continue to progress the previously announced potential project for a renewable fuels production facility intended to be co-located at the Chalmette refinery. The project is expected to use certain idled assets, including an idle hydrocracker, along with a newly-constructed pre-treatment unit to establish a 20,000 barrel per day renewable diesel production facility. On August 5, 2021, it was announced that PBF selected Honeywell UOP single-stage EcofiningTM technology for use in the potential project. We are currently in advanced discussions with additional potential strategic and financial partners. Consistent with our previous guidance, and the improving market outlook, our full-year capital expenditures are expected to be approximately $400 to $450 million. Should market conditions change from our current expectations, we expect that we will review our capital requirements and adjust as needed. With demand for our products continuing to gradually improve, we expect to remain responsive to market conditions and for the fourth quarter, we expect total throughput regionally as follows: East Coast to average 250,000 to 270,000 barrels per day ("bpd"); Mid-Continent to average 150,000 to 160,000 bpd; Gulf Coast to average 170,000 to 180,000 bpd; and West Coast to average 310,000 to 330,000 bpd. The throughput figures are reflective of planned work expected to take place during the quarter at our Martinez and East Coast facilities."
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MRK | Hot Stocks06:41 EDT Merck CEO says 'positive momentum across our business' - "Merck delivered another strong quarter with positive momentum across our business and meaningful progress across our pipeline. Our teams continued to excel as we focus on evolving our operations, while driving innovations in our labs that exemplify the best of Merck science," said Robert Davis, CEO and president, Merck. "We achieved notable clinical milestones in the key areas of oncology and COVID-19, including positive Phase 3 results for molnupiravir. We recently announced our proposed acquisition of Acceleron, which will strengthen our cardiovascular portfolio with complementary, cutting-edge science and an exciting late-stage candidate. Looking ahead, we remain focused on building more momentum, delivering on our mission of saving and improving lives and continuing to expand our portfolio and pipeline for long-term success and sustainable value creation."
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EADSY | Hot Stocks06:39 EDT Airbus sees 600 commercial aircraft deliveries in 2021, EBIT adjusted EUR 4.5B - Sees free cash flow before M&A and customer financing of EUR 2.5B.
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EADSY | Hot Stocks06:38 EDT Airbus: A220 production rate to increase to around 6 per month in early 2022 - Airbus said: "The A220 production rate, which is currently at 5 aircraft a month, is expected to increase to around rate 6 per month in early 2022, with a monthly production rate of 14 envisaged by the middle of the decade. On the A320 Family programme, the Company is working to secure the ramp up and is on trajectory to achieve a monthly rate of 65 aircraft by summer 2023. The recent commercial successes of the A330 programme enable a monthly rate increase from around 2 to almost 3 aircraft at the end of 2022. The A350 programme is expected to increase from around 5 to around 6 aircraft a month in early 2023."
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BUD | Hot Stocks06:35 EDT AB InBev raises lower end of FY21 EBITDA view to 10%-12% - The company previously forecast EBITDA up 8%-12%. The company said it expects revenue to grow ahead of EBITDA from a combination of volume and price. It commented that "We expect the normalized ETR in FY21 to be in the range of 28% to 30%, excluding any gains and losses relating to the hedging of our share-based payment programs. We expect net capital expenditure of between 4.5 and 5.0 billion in FY21 as we are increasing investments in innovation and other consumer-centric initiatives to fuel our momentum."
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VWAGY | Hot Stocks06:30 EDT Volkswagen CFO: 'Not yet resilient enough' to capacity utilization fluctuations - Arno Antlitz, CFO of the Volkswagen Group: "Following a record result in the first half of the year, the semiconductor bottlenecks in the third quarter made it abundantly clear to us that we are not yet resilient enough to fluctuations in capacity utilization. This clearly shows that we must continue to work resolutely on improving our cost structures and productivity in all areas. In order to be able to implement our NEW AUTO strategy as planned and finance our transformation towards e-mobility and digitalization on our own, we need to make decisive improvements."
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VWAGY | Hot Stocks06:30 EDT Volkswagen to transform Wolfsburg site, establish Trinity project there - Volkswagen said in a statement: "The transformation is to be financed with a wide-ranging set of measures to reduce fixed and material costs, to improve productivity in production and working capital. Among other things, the main site in Wolfsburg will be prepared for the changed competitive situation by establishing the Volkswagen brand's forward-looking Trinity project there and a new technical development accompanied by a modernization of the plant."
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WEX | Hot Stocks06:27 EDT Wex names Robert Deshaies as COO, Americas - WEX announced a reorganization of its Executive Leadership Team to better serve its customers with solutions that maximize efficiency and enable better integration across the company's expansive and world-class payments and tech platform. As part of the reorganization, which will be effective January 1, 2022, Robert Deshaies has been appointed COO, Americas. In this newly created role, Deshaies will oversee the strategic growth of, and collaboration across, Fleet, Health, Corporate Payments and Travel in the Americas. Deshaies joined WEX in 2014 and previously served as president of WEX's health division, where he has been responsible for the growth and integration of the business through management of sales, marketing, business development, operations, product marketing, and customer experience. In the coming months, the company also expects to name a Chief Operating Officer, EMEA and APAC, to lead the company's strategic growth internationally, as well as a Chief Digital Officer to expand digital commerce and product development opportunities.
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VWAGY | Hot Stocks06:27 EDT Volkswagen sees 2021 sales 'considerably higher' than prior-year - Volkswagen said: "The risk of bottlenecks and disruption in the supply of semiconductor components has intensified throughout the industry. Their adverse impact has been seen especially since the start of the second half of the year. Consequently, the Group is lowering its forecast for deliveries to customers and anticipates them to be in line with the previous year in 2021 amid market conditions that continue to be challenging. This prediction assumes successful containment of the Covid-19 pandemic and takes into account the deterioration in the supply situation as a result of the semiconductor shortage. Challenges will arise particularly from the economic situation, the increasing intensity of competition, volatile commodity and foreign exchange markets, securing supply chains and more stringent emissions-related requirements. Sales revenue of the Volkswagen Group in 2021 is expected to be considerably higher than the prior-year figure. In terms of the operating result before and including special items, however, the Group continues to anticipate a return on sales of between 6.0 and 7.5 percent, as contained in the raised guidance issued at the half-year mark. The Automotive Division expects that lower cash outflows from diesel and a marked rise in effects from mergers and acquisitions, including the acquisition of Navistar, will lead to a noticeable increase in net cash flow compared with the prior year. Net liquidity is anticipated to be at a robust level, distinctly down on the previous year."
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VWAGY | Hot Stocks06:26 EDT Volkswagen confirms profitability target of 6%-7.5% for 2021
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CLVT | Hot Stocks06:25 EDT Clarivate extends $250M share repurchase program - The company also announced that its board of directors approved the extension of its $250M ordinary share repurchase program through January 31, 2022. The program was set to expire on October 31.
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MDC | Hot Stocks06:15 EDT M.D.C. Holdings sees Q4 home deliveries 2,700-3,000 - Sees Q4 average selling price for unit deliveries $530,000-$540,000. Sees Q4 gross margin 23.5%-24%.
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MDC | Hot Stocks06:14 EDT M.D.C. Holdings increases quarterly cash dividend 25% to 50c per share - The company also announced that its board of directors has declared a quarterly cash dividend of 50c per share on the company's common stock. This represents a 25% increase over the company's previous quarterly dividend. The dividend will be paid on Wednesday, November 24 to shareholders of record on Wednesday, November 10.
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EWTX | Hot Stocks06:13 EDT Edgewise Therapeutics reports 'positive' results from EDG-5506 Phase 1 trial - Edgewise Therapeutics announced positive topline results from the MAD portion of a first-in-human Phase 1 clinical trial assessing the safety, tolerability, PK and PD of escalating doses of EDG-5506, an orally administered small molecule myosin inhibitor designed to protect injury-susceptible fast skeletal muscle fibers in dystrophinopathies such as DMD and BMD. "We are extremely encouraged by these multiple ascending dose data, which clearly demonstrate high levels of target engagement with a well-tolerated dosing regimen. We are excited by the potential that EDG-5506 may serve as an oral treatment to decrease muscle damage, the root cause of DMD and BMD, and we eagerly look forward to better understanding its full potential in future clinical studies," said Joanne Donovan, M.D., Ph.D., Chief Medical Officer of Edgewise. In addition to safety, the goal in the MAD study was to derive a relationship between dose, muscle exposure and involuntary twitch force inhibition, a PD surrogate for EDG-5506's novel mechanism of action. The 40 healthy volunteers enrolled in the MAD study were administered oral doses of EDG-5506 (5 mg to 40 mg) or placebo. EDG-5506 was shown to be generally well tolerated at all doses studied with no adverse events seen in laboratory values, electrocardiograms, or other vital signs. The most common adverse events were dizziness and somnolence, which were mild, transient and self-resolving. At projected therapeutic levels, as exposure increased over time, the incidence of adverse events generally decreased, suggesting development of tolerance. PK data demonstrated robust target engagement with high muscle exposures consistent with EDG-5506's expected high affinity binding to myosin in fast skeletal muscle fibers. At doses above 10 mg, exposures were above pharmacologically active levels observed across multiple preclinical models of DMD.
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PTEN | Hot Stocks06:10 EDT Patterson-UTI expects to increase rig count in Q4 - The company said, "In the fourth quarter, we expect the increase in the rig count to drive an improvement in total revenue and gross margin. Due to the large number of rig reactivations in the fourth quarter, as well as general cost inflation, average rig margin per day is expected to decrease to approximately $5,500. With the tight rig market and resulting increases we have seen in leading-edge dayrates, we expect daily margins for drilling rigs to rebound in the first quarter."
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NVGS | Hot Stocks06:09 EDT Navigator Holdings announces CEO Dr. Henry Deans to step down - Navigator Holdings announces that Dr. Henry "Harry" Deans has given notice that he intends to step down as Navigator's CCEO and as a member of its Board of Directors, effective October 28. A process to identify the successor of Dr. Deans as CEO will commence immediately. In the interim, a committee comprising existing management executives, namely, CFO, Niall Nolan, Chief Commercial Officer, Oeyvind Lindeman, and Michael Schroder, CEO of Ultragas ApS Denmark, Country President and Integration Officer, will lead Navigator, until such successor has joined the company.
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FCFS | Hot Stocks06:05 EDT FirstCash to acquire American First Finance for $1.17B in cash and stock - FirstCash announced that it has entered into a definitive agreement to acquire American First Finance, a rapidly growing, technology-driven virtual lease-to-own and retail finance provider focused on underserved, non-prime customers. Under the terms of the agreement, the total consideration payable at closing is valued at approximately $1.17B, based on FirstCash's closing stock price on October 26, 2021, consisting of approximately 8.05M shares of common stock and $406M in cash, subject to a net debt adjustment. Up to an additional $300M of consideration is payable in the event AFF achieves certain performance targets through the first half of 2023. As part of the transaction, FirstCash will form a new parent company, which will assume FirstCash's listing on the Nasdaq and maintain the "FCFS" ticker symbol. At closing, the existing shares of FirstCash stock will automatically convert on a one-for-one basis into shares of common stock of the new FirstCash parent company. Upon completion of the transaction, Rippel and his affiliates will control approximately 16.6% of the outstanding shares of the new FirstCash parent company and existing FirstCash shareholders will control the remaining 83.4%. At closing, Rippel will also be appointed to the Board of Directors of the new FirstCash parent company. Following the close of the transaction, AFF will operate as a separate Dallas-based business unit within FirstCash led by Howard Hambleton, AFF's President and Chief Executive Officer, and the rest of its current management team. The transaction has been unanimously approved by FirstCash's Board of Directors and is expected to close in late 2021 or early first quarter of 2022, subject to the satisfaction of customary closing conditions and receipt of regulatory approvals, including antitrust approvals.The cash portion of the transaction will be funded through a combination of cash on hand and debt financing.
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EMN | Hot Stocks06:03 EDT Eastman Chemical to sell adhesives resins assets and business to Synthomer - Eastman Chemical announced it and certain of its subsidiaries have entered into a definitive agreement to sell its adhesives resins assets and business to Synthomer plc for total cash consideration of $1B dollars. The sale consists of hydrocarbon resins, pure monomer resins, polyolefin polymers, rosins and dispersions, and oleochemical and fatty-acid based resins product lines. The business is currently part of Eastman's Additives & Functional Products segment. The total sale price represents a multiple of 11 times trailing twelve-month adjusted EBITDA of the adhesives resins business. The final purchase price is subject to working capital and other adjustments at closing. The company expects the sale to be neutral to adjusted earnings per share in 2022. The sale, subject to regulatory approvals and satisfaction of other customary closing conditions, including the consultation of certain employee representatives in the relevant jurisdictions, is expected to be completed in the first quarter of 2022. The agreement contains customary representations, warranties, and covenants of both parties including, among other things, to conduct the adhesives resins business in the ordinary course consistent with past practice. Beginning in the fourth quarter of 2021 and until sale, the assets of the adhesives resins business will be reported as held for sale.
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ATVI | Hot Stocks05:59 EDT Activision Blizzard CEO sends letter to employees - Activision Blizzard CEO Bobby Kotick sent the following letter to all employees: "A few weeks ago, I reiterated our commitment to become the most welcoming, inclusive company in our industry. Today, I want to update you on some initial progress and important, additional steps we are taking to advance our commitment with greater impact, transparency, and urgency... We are launching a new zero-tolerance harassment policy company-wide - In the past, when we discovered and substantiated harassment, we terminated some employees and provided verbal or written warnings or different disciplinary actions to others. In retrospect, to achieve our goals for workplace excellence, this approach is no longer adequate. We need tougher rules and consistent monitoring across the entire company to make sure reports are being handled correctly and discipline is appropriate and swift... We will increase the percentage of women and non-binary people in our workforce by 50% and will invest $250 million to accelerate opportunities for diverse talent -Today, approximately 23% of our global employee population identifies as women or non-binary. Building on the success that King and other business units have achieved, we will seek to increase our percentage of women and non-binary professionals by approximately 50% - to more than one-third across the entire company - within the next five years and hopefully faster. Each franchise team, business unit, and functional area will be expected to have plans to help fulfill this ambition... Based on feedback from employees, we are waiving required arbitration of sexual harassment and discrimination claims - For any Activision Blizzard employee who chooses not to arbitrate an individual claim of sexual harassment, unlawful discrimination, or related retaliation arising in the future, the company will waive any obligation to do so. We will continue to increase visibility on pay equity - As described in the recent note from our President, Daniel Alegre, and our Chief Administrative Officer, Brian Bulatao, the company continues to focus on pay equity for employees. In fact, our U.S. analysis showed that women at the company on average earned slightly more than men for comparable work in 2020. To ensure transparency on our continuing commitment to pay equity, we will report these results annually. We will provide regular progress updates - We will be monitoring the progress of our business units, franchise teams, and functional leaders with respect to workplace initiatives and we will provide a status report quarterly. We also will be adding a dedicated focus on this vital work in our annual report to shareholders and in our annual ESG report with information on gender hiring, diversity hiring, and workplace progress... I am grateful for how much people care about this company, and I appreciate that many past and present employees have reached out with their thoughts, concerns, complaints, and suggestions. Your experiences, so courageously shared, serve as reason and reminder for why it is so important for us to do better. And we will."
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CEO | Hot Stocks05:57 EDT Cnooc reports Q3 production 144.1M BOE, up 9.9% - The company achieved a total net production of 144.1M barrels of oil equivalent, or BOE, for Q3, representing an increase of 9.9% year-over-year. Production from China increased by 13% to 100.1M BOE, mainly attributable to production growth from the commencement of new projects including Caofeidian 6-4 oilfield, Luda 21-2 oilfield and the production growth from onshore unconventional gas fields. Overseas production increased by 3.2% YoY to 43.9M BOE. For Q3, the company's average realized oil price increased by 63.6% YoY to $70.38 per barrel, which is in line with the trend of international oil prices.
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WOOF | Hot Stocks05:54 EDT Petco opens Reddy SoHo - Petco announced the opening of Reddy SoHo, the first concept flagship for Reddy, Petco's lifestyle owned brand for dogs. Located at 125 Prince Street in New York City, Reddy SoHo serves as an urban basecamp for pets and pet parents featuring curated Reddy merchandise and new, exclusive, pet-centric experiences.
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FTI | Hot Stocks05:43 EDT TechnipFMC enters commercial agreement with Saipem for SURF projects - TechnipFMC and Saipem announced the two companies have entered into a global commercial agreement that will allow them to identify projects worldwide that could be jointly executed for the benefit of clients. The commercial agreement will pursue specific Subsea Umbilicals, Risers and Flowlines, or SURF, projects where the combination of the companies' assets, technologies, products and competencies improves project economics and de-risks the overall project development for the benefit of all stakeholders.
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STLA | Hot Stocks05:40 EDT Stellantis backs FY21 adjusted operating income margin 10% - Guidance assumes no further deterioration of semiconductor supply and no further significant lockdowns in Europe and U.S.
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RDS.A RDS.B | Hot Stocks05:34 EDT Royal Dutch Shell announces interim Q3 dividend of 24c per share - The board of Royal Dutch Shell announced an interim dividend in respect of Q3 of 24c per A ordinary share and B ordinary share.
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TIGR | Hot Stocks05:14 EDT UP Fintech announces TBSPL approval to become CDP Depository Agent - UP Fintech announced that its Singapore subsidiary, Tiger Brokers, or TBSPL, has received approval to be admitted as a CDP Depository Agent.
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DADA NSRGY | Hot Stocks05:13 EDT Dada Nexus, Nestle expand marketing and digitalization cooperation - Dada Group (DADA) and Nestle (NSRGY) announced that they would strengthen cooperation on omni-channel marketing and digitalization. Philip Kuai, founder, chairman and CEO of Dada Group, and Rashid Qureshi, chairman and CEO of Nestle Greater China Region, signed a joint business plan in Beijing. In the cooperation, Dada Group and Nestle collaborate in uni-marketing, omni-channel strategy, category operations and digitalization. Based on Dada's partnership with JD "Shop Now", a jointly built new business dedicated for JD's on-demand consumer retail section, the two companies can help Nestle accelerate its digital and omni-channel capabilities. Dada Group and Nestle's partnership began in June 2019. In September 2020, they expanded their strategic partnership to create a new data-driven retail model, under which Dada group promoted Nestle's sales growth, brand marketing and user operation. According to JDDJ, Dada's on-demand retail platform, the sales of Nestle on the platform has maintained triple-digit growth in 2019 and 2020 separately.
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