Stockwinners Market Radar for November 10, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TOST | Hot Stocks20:20 EST Cathie Wood's ARK Investment bought 167.3K shares of Toast on Wednesday
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PLTR | Hot Stocks20:19 EST Cathie Wood's ARK Investment bought 1.25M shares of Palantir on Wednesday
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KL AEM | Hot Stocks20:06 EST ISS gives favorable recommendation to Kirkland Lake merger with Agnico Eagle - In recommending that shareholders of Agnico Eagle (AEM) vote "FOR" the issuance of Agnico Eagle common shares to shareholders of Kirkland Lake Gold (KL) pursuant to the Merger, ISS stated, among other things: "There appears to be sound strategic rationale for a combination between the companies, with the transaction anticipated to confer operational synergies on an annual basis, as well as a number of G&A synergies and strategic optimizations over five- and ten-year time horizons. The addition of members of the [Kirkland Lake Gold] board and management to the combined company should expand the expertise necessary to drive improvements and realize some of the expected synergies under the transaction. Finally, as the majority of the production and reserves of the combined company are located in Canada where both companies have a healthy track record of operations, some of the risks inherent to the achievement of synergies are partially mitigated."
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PHX | Hot Stocks20:01 EST PHX Minerals announces mineral and royalty acquisitions in Haynesville - PHX Minerals announced three mineral and royalty acquisitions targeting the Haynesville play in East Texas and Louisiana. PHX has agreed to acquire approximately 827 net royalty acres for aggregate consideration of $5.2M in cash and stock from a private seller subject to customary closing adjustments. The purchase price consists of $520,000 in cash and 1,519,481 in PHX common stock issued directly to the seller of the assets.
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NOVA | Hot Stocks19:57 EST Sunnova Energy, Brinks Home enters exclusive partnership on home solutions - Sunnova Energy and Brinks Home "announced the launch of an exclusive partnership. The agreement will allow Sunnova to offer its customers options from the Brinks Home portfolio of smart home security solutions, and allow Brinks Home dealers and authorized representatives to offer their customers Sunnova's suite of solar, battery, and energy services."
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PRM | Hot Stocks19:24 EST Perimeter Solutions CFO buys 196.4K shares of common stock - In a regulatory filing, Perimeter Solutions disclosed that its CFO Barry Lederman bought 196.4K shares of common stock for $1.96M on November 9th.
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NSC | Hot Stocks19:06 EST Norfolk Southern opens new headquarters building in Midtown Atlanta - Norfolk Southern Corporation formally opened its state-of-the-art headquarters in Midtown Atlanta following a ribbon-cutting ceremony that featured Governor Brian P. Kemp, Senator Raphael Warnock, Mayor Keisha Lance Bottoms, Norfolk Southern employees, and civic and business leaders from across Atlanta. "There are many reasons we are proud to call Atlanta home. The city is diverse and culturally rich, with amenities that will ensure our employees and their families thrive. We are committed that Norfolk Southern and its people will be more than just residents of Atlanta - we plan to be engaged community partners, committed to the future of our new home," said Jim Squires, chairman, president and CEO of Norfolk Southern.
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GILD | Hot Stocks19:06 EST Gilead says Phase 2B Trodelvy study meets primary ORR endpoint - Gilead Sciences reported that the Everest Medicines sponsored Phase 2b EVER-132-001 study of sacituzumab govitecan, marketed as Trodelvy in the U.S., met its primary endpoint of overall response rate in metastatic triple-negative breast cancer. EVER-132-001 is a single-arm, multi-center Phase 2b registrational study evaluating sacituzumab govitecan in 80 patients enrolled in China for the treatment of adults with unresectable locally advanced or metastatic TNBC who have received two or more prior systemic therapies, at least one for metastatic disease. The results demonstrated an ORR of 38.8% as evaluated by an Independent Review Committee. The safety profile of sacituzumab govitecan was similar to that reported in prior studies, and no new safety signals were identified. The primary endpoint measured ORR according to RECIST v1.1 by an Independent Review Committee. The results were consistent with results demonstrated in the global Phase 3 ASCENT study. Gilead and Everest Medicines are engaged in a joint partnership for the development and commercialization of sacituzumab govitecan in Asia. "These topline results confirm that sacituzumab govitecan has the potential to help change the treatment outlook for people in China living with mTNBC," said Yang Shi, Chief Medical Officer for Oncology at Everest Medicines. "These data, along with the benefit seen in the global ASCENT study, support its potential as a novel treatment for patients who currently have extremely limited options."
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TSLA | Hot Stocks18:47 EST Tesla CEO sells 934,091 common shares - According to regulatory filings, Tesla CEO Elon Musk sold 934,091 common shares of the company on November 8. The prices in each transaction ranged from $1,135.05 per share to 1,196,236 per share.
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TSLA | Hot Stocks18:40 EST Tesla CEO exercises 2,154,572 options at $6.24 - According to a regulatory filing, Tesla CEO Elon Musk exercised 2,154,572 options at $6.24 per share on November 8. According to Bloomberg, Musk also sold tens of thousands of common shares in multiple transactions to satisfy taxes from the options.
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TSLA | Hot Stocks18:39 EST Tesla CEO excercises 2,154,572 options at $6.24 - According to a regulatory filing, Tesla CEO Elon Musk exercised 2,154,572 options at $6.24 on November 8. According to Bloomberg, Musk also sold sold tens of thousands of common shares in multiple transactions to satisfy taxes from the options.
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POOL | Hot Stocks18:31 EST Pool Corp. to acquire Porpoise Pool & Patio, terms not disclosed - Pool Corporation announced that it has signed a definitive agreement to acquire Largo, Florida-based Porpoise Pool & Patio, Inc., including its main operating subsidiaries, Sun Wholesale Supply, Inc. and Pinch A Penny, Inc. Sun Wholesale Supply, Inc. is a wholesale distributor of swimming pool and outdoor-living products, including a specialty chemical packaging operation, selling primarily to Pinch A Penny franchisees. Pinch A Penny, Inc. is the largest franchisor of pool and outdoor living-related specialty retail stores in the United States with approximately 260 independently owned and operated franchised stores in Florida, Texas, Louisiana, Alabama and Georgia and brings substantial opportunities for expansion. "We are excited about combining our industry-leading distribution capabilities with Porpoise Pool & Patio's well-established customer base, world-class chemical packaging operation, history of operational excellence, and strong growth-oriented Pinch A Penny brand. Since its founding over 45 years ago, Pinch A Penny has steadily grown and developed into a leading franchisor of swimming pool specialty retail stores and one of the highest-rated U.S. retail store franchise networks," said Peter D. Arvan, POOLCORP President and CEO. "The addition of the Pinch A Penny franchise network to POOLCORP's North American distribution business brings substantial growth and operating synergies for both existing independent retail customers and independent franchisees." The parties anticipate completing the transaction by December 31, 2021, subject to the satisfaction of regulatory and other customary closing conditions.
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BHVN PFE | Hot Stocks18:25 EST Biohaven Pharmaceutical CEO: Nurtec ODT deal with Pfizer will increase revenue - In an interview on CNBC's Mad Money, Vlad Coric said Biohaven has a broad product pipeline in neuroscience. Nurtec ODT is the only migraine therapy that treats acute episodes and prevents the next, he added. That is what differentiates the company, he noted.
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MNOV | Hot Stocks18:13 EST MediciNova presents new data regarding MN-166 at CURE OM meeting - MediciNova announced that Grazia Ambrosini, PhD, an associate research scientist at Columbia University Vagelos College of Physicians and Surgeons, presented data regarding MN-166 in a uveal melanoma model study at the 10th Annual CURE OM Global Science Meeting held online as a part of the Society for Melanoma Research International Congress on October 28, 2021. This study was a collaborative effort between MediciNova and Dr. Ambrosini, Richard D. Carvajal, MD, associate professor of medicine at Columbia Vagelos College of Physicians and Surgeons and co-director of the Precision Oncology and Systems Biology research program at the Herbert Irving Comprehensive Cancer Center, and Gary Schwartz, MD, professor of oncology at Vagelos College of Physicians and Surgeons, Division Chief of Hematology/Oncology at Columbia University Irving Medical Center, and Deputy Director at the HICCC. Dr. Carvajal commented, "We are excited about the preclinical data generated with the MIF inhibitor MN-166 in this uveal melanoma model study. Uveal melanoma is the most common primary intraocular malignancy and nearly half of patients ultimately will develop metastasis. Metastases are most frequently localized to the liver and associated with a poor prognosis. Currently there are no effective preventive treatments for uveal melanoma. Previously, our group identified MIF as a critical mediator of metastatic spread. In our new study, MN-166 treatment prevented remote metastasis in the orthotopic uveal melanoma model."
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D | Hot Stocks17:52 EST Dominion CEO buys $250K in common stock, CFO buys $75K in common stock - In regulatory filings, Dominion disclosed that its CEO Robert Blue bought $250K of the company's common stock and CFO James Chapman bought $75K of the company's common stock on November 10th, boosting their respective stakes by about 2% each.
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GPRK | Hot Stocks17:50 EST GeoPark renews buyback program for up to 10% of shares outstanding - GeoPark Board of Directors has approved the renewal of the repurchase program for up to 10% of shares outstanding or approximately 6,074,000 shares, expiring on November 10, 2022.
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RIDE HNHPF | Hot Stocks17:43 EST Lordstown, Foxconn enter into definitive purchase agreement over Ohio facility - Lordstown Motors (RIDE) and Hon Hai (HNHPF) announced that they have entered into a definitive Asset Purchase Agreement regarding LMC's facility in Lordstown, Ohio. As previously disclosed, on September 30, Lordstown Motors entered into an Agreement in Principle, or AIP, with an affiliate of Hon Hai Precision Industries, also known as Foxconn, to work jointly on Lordstown Motors' electric vehicle programs in the production and assembly plant in Lordstown, Ohio. Shortly after the AIP, and as a sign of confidence in the partnership, Foxconn purchased $50M of common stock directly from Lordstown Motors at a price of $6.8983 per share. The definitive Asset Purchase Agreement implements the terms of the AIP and provides as follows: LMC has agreed to sell to Foxconn the Lordstown facility, excluding certain assets such as the hub motor assembly line and battery module and pack lines, for $230M; Foxconn has agreed to make a down payment of the purchase price of $100M by November 18, and subsequent down payments of $50M on each of February 1, 2022 and no later than April 15, 2022. The balance of the purchase price will be paid at closing; The parties have agreed to pursue a contract manufacturing agreement for the Endurance pickup truck, which must be entered into before closing-currently targeted by April 30, 2022; Lordstown Motors and Foxconn will pursue a joint venture agreement to co-design and develop vehicle programs for the global commercial fleet market, using the MIH open platform. Lordstown and Foxconn would have the right to commercialize these new EV programs in North America and internationally; Upon the closing, Foxconn will receive 1.7M warrants to acquire Lordstown common stock, exercisable for three years, at a price of $10.50 per share. The closing of the transactions contemplated by the APA is subject to closing conditions, including entry into the contract manufacturing agreement, regulatory approvals and other customary closing conditions.
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BYND | Hot Stocks17:33 EST Beyond Meat CFO says Q4 to remain impacted by operational challenges of Q3 - Says: "The following factors worth highlighting are embedded in Q4 guidance. First, we anticipate a moderation in year-over-year growth across all channels due to the fact that this year, our fourth quarter contains 5 fewer shipping days compared to the fourth quarter of 2020. Second, we expect our fourth quarter results to be impacted by knock-on effects from the operational challenges in Q3. Although we expect to be fully recovered by the end of this month, these issues presented some headwinds early in the quarter. Third, in both U.S. and international Foodservice channels, ongoing labor challenges as well as general caution based on code-related uncertainty are also expected to have a dampening effect on the net levels. Finally, we expect the moderation of sequential growth due to accelerated orders in the third quarter of 2021 that would otherwise have been expected to materialize in the fourth quarter." Comments taken from Q3 earnings conference call.
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DIS | Hot Stocks17:26 EST Disney sees FY21 capital expenditures up $2.5B from FY21 - Says UFC continues to be top performer for ESPN+. Says seeing more opportunities sports betting. Sees FY22 Says Q4 is first time that Marvel, Star Wars, Pixar and National Geographic all have content coming out in one quarter. Says Disney+ net adds in second half of FY22 will be meaningfully higher than first half. Says Disney+ peak year of losses will be in FY22 rather than FY21. Says bullish on parks. Says doesn't announce films as early as usual due to being in a state of flux. Comments and guidance taken from Q4 earnings conference call.
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ABUS | Hot Stocks17:19 EST Arbutus Biopharma announces new AB-729 data at AASLD - Arbutus Biopharma announced new AB-729 safety and efficacy data, as well as long-term data from HBV patients following discontinuation of treatment with AB-729. The data are from part 3 of the company's ongoing Phase 1a/1b clinical trial with 60 mg or 90 mg of AB-729 dosed every four, eight or 12 weeks. The data will be presented at AASLD. Data from the poster presentation include long-term follow-up data for patients in cohort E and cohort F who had been off AB-729 treatment for six months. Suppression of HBsAg to levels less than100 IU/mL were maintained up to 24 weeks off-treatment in 3 of 7 patients in cohort E and 1 of 3 patients with available data in cohort F. Patients who remain below this clinically relevant threshold for six months after stopping AB-729 treatment could consider discontinuing their nucleos(t)ide analogue therapy to assess the potential for functional cure. Also included in the poster presentation are data showing that robust mean declines in HBsAg were sustained with repeat dosing of AB-729 up to 48 weeks, with no statistically significant differences observed to date between the 60 mg and 90 mg dose and/or dosing intervals. Repeat dosing of both the 60 mg and 90 mg doses of AB-729 continues to be generally safe and well- tolerated. There were no treatment related serious adverse events or discontinuations. The most common treatment emergent adverse events were injection site related of which all were grade one and did not appear to be dose or interval dependent. ALT and AST elevations were asymptomatic and not considered adverse events by the study investigators. A total of 34 patients were enrolled in cohorts E, F, G, I, and J, all of which met the eligibility criteria to participate in the treatment extension and 33 of which agreed to continue treatment. HBV DNA negative patients on stable NA therapy were enrolled in part 3 of this trial to receive 60 mg of AB-729 every 4 weeks or 8 weeks or 90 mg of AB-729 every 8 weeks or 12 weeks. HBV DNA positive patients received 90 mg of AB-729 every 8 weeks in addition to current standard of care treatment, tenofovir disoproxil fumarate. HBV DNA negative/HBeAg positive patients are continuing to be dosed with 90 mg of AB-729 every 8 weeks.
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JNJ | Hot Stocks17:16 EST J&J enters into pact to provide COVID shot through COVAX Humanitarian Buffer - Johnson & Johnson has entered into an agreement with the U.S. Government and Gavi, the Vaccine Alliance, to enable access to its single-shot COVID-19 vaccine through a novel mechanism - the COVAX Humanitarian Buffer - that will serve to protect the world's most vulnerable people. The first deliveries to the COVAX Humanitarian Buffer are anticipated to begin in the coming days. The COVAX Humanitarian Buffer is part of the COVAX Facility and is designed to ensure that people in conflict zones or humanitarian settings can access COVID-19 vaccines, even if they live beyond the reach of traditional, government vaccination campaigns. Governments and national and international humanitarian agencies are eligible to apply to receive doses from the COVAX Humanitarian Buffer. If applications are granted and the doses allocated, the governments or humanitarian agencies that filed the application then carry out the vaccination campaigns to ensure people are protected from COVID-19. "We believe our single-shot COVID-19 vaccine has a critical role to play in conflict zones and other humanitarian settings that can't be reached by government vaccination campaigns, and we are proud to be part of this effort to protect the world's most vulnerable people," said Paul Stoffels, M.D., Vice Chairman of the Executive Committee and Chief Scientific Officer. "From the beginning of the pandemic, Johnson & Johnson has recognized that no one is safe until everyone is safe and has worked to develop and deliver a vaccine that can protect the health of people everywhere."
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COO | Hot Stocks17:14 EST Cooper Companies to acquire Generate Life Sciences for $1.6B, sees accretion - CooperCompanies announced that it has signed a definitive purchase agreement to acquire Generate Life Sciences, a privately held leading provider of donor egg and sperm for fertility treatments, fertility cryopreservation services and newborn stem cell storage. Cooper will pay approximately $1.6B to acquire Generate Life Sciences. The transaction is anticipated to close in Cooper's Q1 and is subject to customary closing conditions, including regulatory approval. Generate Life Sciences reported approximately $250M in trailing twelve-month revenues as of September 30. Excluding one-time charges and deal-related amortization, the acquisition is expected to be accretive to Cooper's non-GAAP earnings per share by approximately 30c in the first year after closing.
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BYND | Hot Stocks17:12 EST Beyond Meat CEO says disproportionally impacted by Delta variant - CEO Ethan Brown says: "The majority of our customers today rely on in-store and in-venue consumption for sales. Accordingly, we were disproportionately impacted throughout the quarter as the Delta variant dampened consumer activity within the core of our Foodservice customer base. Further, within Foodservice, we believe the downward pressure exerted by the Delta variant was further exasperated by labor shortage that drove reduced operating hours and menu rationalization." Comments taken from Q3 earnings conference call.
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OPEN | Hot Stocks17:10 EST Opendoor Technologies jumps 15% to $22.78 after Q3 results beat estimates - The company's Q4 revenue guidance also topped estimates.
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PCT | Hot Stocks17:06 EST PureCycle Technologies provides Q3 update - PureCycle Technologies provided a corporate update and financial results for Q3. Plant 1 in Ironton, Ohio, is progressing on schedule to be operational in 4Q22. Plant 2, the first cluster facility in Augusta, Georgia remains on track with site work expected to begin in 1Q22. During Q3, PureCycle approved additional investments in Ironton with a focus on de-risking and processing expansion, contributing to an increase in the total project costs by $30M-40M relative to the initial budget. The Augusta cluster facility is designed to ultimately produce up to 650 million pounds annually per year across five processing lines. The company identified 1.6-billion-pound feedstock supply pipeline and signed 6 new LOIs representing 168 million pounds of feedstock. The company completed the submission of the FDA Letter of No Objection in September and the first ever PureCycled plastic product was brought to market. Total liquidity was $494.1M, including $221.1M of unrestricted cash and investments and $273.0M of restricted cash, at quarter-end. PureCycle had $319.0M in debt and accrued interest, less $19.3M of discount and issuance costs as of September 30. As of September 30, 2021, the remaining capital allocated from the bond funds was $155.9M.
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ENS | Hot Stocks17:04 EST EnerSys names Andrea Funk as CFO, effective April 1, 2022
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ENS | Hot Stocks17:04 EST EnerSys announces retirement of CFO Michael Schmidtlein - EnerSys announced that Michael J. Schmidtlein, Executive Vice President and CFO plans to retire from EnerSys on March 31, 2022, after 26 years with the company. "On behalf of all my EnerSys colleagues and our Board of Directors, I want to extend our deepest thanks to Mike," said David Shaffer President & CEO. "Over his years of service Mike has contributed a great deal to the success of EnerSys. These efforts include most recently leading the change to our segment reporting from a geographical basis to a product line basis, along with leading numerous transactions, as well as building a strong financial infrastructure and team that position us for continued success. Mike will be missed, and we wish him the very best in his retirement." EnerSys also announced today that Andrea J. Funk, who currently serves as Vice President Finance, Americas, will be promoted to Executive Vice President & CFO, effective April 1, 2022.
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ENS | Hot Stocks17:03 EST EnerSys announces new $100M stock repurchase authorization - EnerSys announced that its Board of Directors has established a new $100M stock repurchase authorization with no expiration date. The authorized repurchases will be made from time to time in either the open market or through privately negotiated transactions, the company said in a statement.
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QRHC | Hot Stocks17:03 EST Quest Resource acquires asset-light waste service provider for $2.15M - Quest Resource Holding Corporation announces that it has acquired the assets of a Kentucky-based independent environmental services company. The total consideration of the acquisition at close is $2.15M, which will be paid in a combination of cash and deferred compensation. During the Trailing Twelve Month period ending on June 30, 2021, the acquired assets, which mainly consist of customer contracts, are estimated to have produced approximately $0.4M of operating income and EBITDA. "This business has built strong customer loyalty and has a reputation for delivering high levels of customer service, which makes it a direct fit with our customer-first approach to evaluating acquisition opportunities," said Quest President and CEO S. Ray Hatch. "Their customers will add incremental volume to our business, and we look forward to providing additional value and offering broader service capabilities to this client base."
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SGHT | Hot Stocks17:02 EST Sight Sciences reports FDA authorization for PRECISION trial in POAG - Sight Sciences announced that the FDA has granted an Investigational Device Exemption authorizing the Company to conduct a clinical study to assess the safety and effectiveness of a new, higher volume, investigational OMNI device to perform canal viscodilation alone to lower intraocular pressure in adults with primary open-angle glaucoma. The PRECISION clinical trial is designed as a three-armed randomized controlled trial, which the company believes will be the first of its kind and represents the largest MIGS clinical trial ever initiated, based on total number of patients receiving MIGS interventions in conjunction with cataract surgery. The devices that will be evaluated in the study are the higher volume OMNI and the iStent Inject Canal Implant. In the three arms of the study, patients will receive one of the following treatments in conjunction with cataract surgery: (1) ab interno canaloplasty alone using higher volume OMNI; (2) sequential canaloplasty followed by trabeculotomy using higher volume OMNI; or (3) implantation of two trabecular microbypass canal implants using iStent Inject. The PRECISION study is intended to evaluate for regulatory purposes the safety and efficacy of higher volume OMNI for use in canaloplasty without sequential trabeculotomy for IOP and medication reduction in adult patients with POAG.
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ELMS | Hot Stocks16:56 EST Electric Last Mile Solutions sees FY21 capital expenditures $20M-$25M - The company said, "In light of unprecedented global supply-chain challenges, we have made the strategic decision to revise our production target to 300-to-500 vehicles for 2021 and deliver the remaining orders in Q1 of 2022."
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BYND | Hot Stocks16:54 EST Beyond Meat falls over 18% at $77.40 after wider than expected Q3 loss
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SOFI | Hot Stocks16:53 EST SoFi Technologies up over 13% at $23.10 after Q3 results and guidance
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TTCF | Hot Stocks16:48 EST Tattooed Chef reschedules Q3 earnings annoucnement - Tattooed Chef announced it will reschedule its third quarter 2021 earnings release and conference call previously scheduled for November 10, 2021. The delay is a result of additional time required to finalize the Company's financial statements, and the Company will make a further announcement regarding the timing of the release and conference call as soon as practicable.
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RIDE | Hot Stocks16:46 EST Lordstown Motors, Foxconn enter into strategic partnership - Lordstown Motors and Hon Hai Technology Group announced that they have entered into a definitive Asset Purchase Agreement regarding LMC's facility in Lordstown, Ohio. As previously disclosed, on September 30, Lordstown Motors entered into an Agreement in Principle, or AIP, with an affiliate of Hon Hai Precision Industries, also known as Foxconn, to work jointly on Lordstown Motors' electric vehicle programs in the production and assembly plant in Lordstown, Ohio. The definitive Asset Purchase Agreement, APA, implements the terms of the AIP and provides as follows: LMC has agreed to sell to Foxconn the Lordstown facility, excluding certain assets such as the hub motor assembly line and battery module and pack lines, for $230M; Foxconn has agreed to make a down payment of the purchase price of $100M by November 18, and subsequent down payments of $50 million on each of February 1, 2022 and no later than April 15, 2022. The balance of the purchase price will be paid at closing; The parties have agreed to pursue a contract manufacturing agreement for the Endurance pickup truck, which must be entered into before closing-currently targeted by April 30, 2022; Lordstown Motors and Foxconn will pursue a joint venture agreement to co-design and develop vehicle programs for the global commercial fleet market, using the MIH open platform; Upon the closing, Foxconn will receive 1.7 million warrants to acquire Lordstown common stock, exercisable for three years, at a price of $10.50 per share. Daniel Ninivaggi, Chief Executive Officer of Lordstown Motors, stated, "We are happy to have formed a strategic partnership with a company as innovative and forward-thinking as Foxconn. I believe in their EV strategy and look forward to substantial collaboration in the future. In my view, this transaction provides LMC a better opportunity to fulfill its original mission of satisfying the growing demand for electric vehicles, particularly in the underserved commercial market, with a more flexible business model."
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LMT KEYS | Hot Stocks16:43 EST Lockheed, Keysight test 5G solutions for aerospace, defense communications - Lockheed Martin (LMT) and Keysight Technologies (KEYS) announced a collaboration to advance 5G in support of mission-critical communications for aerospace and defense applications. The companies are actively collaborating on a 5G.MIL testbed that Lockheed Martin teams will use to advance 5G capabilities for multiple applications. "Lockheed Martin is leveraging expertise in the commercial sector to scale, adapt and integrate 5G technology rapidly and affordably across mission-critical operations across land, sea, air, space and cyber domains," said Dan Rice, vice president for 5G.MIL Programs at Lockheed Martin. "Keysight's end-to-end 5G test platforms, widely used commercially, provide an opportunity to develop customized solutions that meet the stringent requirements of the defense industry."
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HFC | Hot Stocks16:42 EST HollyFrontier names Tim Go president, COO - HollyFrontier Corporation announced the promotion of Tim Go to the position of President and Chief Operating Officer of HollyFrontier effective immediately. As President and Chief Operating Officer, Mr. Go's responsibilities will include oversight over HollyFrontier's Refining and Lubricants and Specialty Products segments. Mike Jennings, who previously served as Chief Executive Officer and President of HollyFrontier, will continue to serve as Chief Executive Officer of HollyFrontier. Mike Jennings, Chief Executive Officer of HollyFrontier commented, "Since joining the company in June 2020, Tim has provided significant leadership and direction in our efforts to strengthen and grow HollyFrontier's Refining segment. In 2021, he also played a key role in the company's acquisition and integration of the Puget Sound refinery. In recognition of these contributions, we are excited to announce Tim's promotion to the position of President and Chief Operating Officer and look forward to his continued contributions in his new role."
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APP | Hot Stocks16:42 EST AppLovin reports Q3 adjusted EBITDA $191M, up 126% from last year
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VCTR | Hot Stocks16:42 EST Victory Capital reports AUM of $162.6B as of October 31 - Victory Capital Holdings reported assets under management of $162.6B as of October 31, 2021.
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AFRM | Hot Stocks16:38 EST Affirm jumps 21% to $162.55 after results, expanded Amazon relationship
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AFRM AMZN | Hot Stocks16:38 EST Affirm announces expanded relationship with Amazon - Affirm (AFRM) announced that it has expanded its relationship with Amazon (AMZN). Affirm said it will be generally available to support all eligible purchases of $50 or more on Amazon.com and the Amazon shopping app in the United States. Consumers will have the option to split the total cost of eligible purchases into monthly payments at checkout with no late or hidden fees, ever. As part of an amended agreement, Affirm will serve as Amazon's only third party, non credit card, buy now, pay later option in the U.S. Until January 2023, Amazon will be subject to certain restrictions on providing other installment products in the U.S. by other BNPL providers. Affirm will also be integrated into Amazon Pay's digital wallet in the U.S. In conjunction with the amended agreement, Amazon will receive multiple tranches of warrants to purchase shares of Affirm's class A Common Stock, some of which are subject to satisfaction of certain performance obligations and vesting conditions.
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RRGB | Hot Stocks16:36 EST Red Robin sees mid-single-digit commodity and wage inflation - The Company currently expects the following for FY21: Mid-single digit commodity and wage inflation; Selling, general and administrative costs between $120M and $130M; Capital expenditures of $45M to $55M, including continued investment in maintaining our restaurants and systems capital, Donatos(R) expansion to approximately 120 restaurants, including approximately 40 restaurants in our fourth fiscal quarter, digital guest and operational technology solutions, and off-premises execution enhancements.
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INDI | Hot Stocks16:36 EST Indie Semiconductor sees strong global demand for Autotech in Q4 - "indie is capitalizing on strong global demand for our Autotech solutions and on track to deliver record fourth quarter revenue," said Thomas Schiller, indie's chief financial officer and executive vice president of strategy. "Specifically, we expect 50 percent sequential and more than 170 percent year-over-year revenue growth with non-GAAP gross margin of roughly 45 percent. With this guidance, which includes a partial quarter of our recently completed TeraXion acquisition, indie is approaching a $75 million annualized revenue run rate and is on pace to more than double total revenue in 2021. Further, based on our expanding product pipeline and strategic backlog, we are well positioned to maintain this steep growth trajectory over the coming years."
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SGTX | Hot Stocks16:34 EST Sigilon Therapeutics announces upcoming milestones - Sigilon expects to initiate a Phase 1/2 trial of SIG-005 for MPS-1 in the fourth quarter of 2021. The Company expects to provide up to 12 months of follow-up data for three patients from the Phase 1/2 safety and dose-ranging study of SIG-001 in severe to moderate-severe hemophilia A in the fourth quarter of 2021.
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CC | Hot Stocks16:34 EST Chemours begins production of Opteon 1150 - The Chemours Company announced a new facility dedicated to the expansion of its non-ozone depleting, low global warming potential hydrofluoroolefin platform - Opteon 1150, chemically referred to as HFO-1336mzzE. The new plant located in El Dorado, Arkansas will open before the January 1, 2022 initial 10% phase down of CO2 equivalents as outlined by the American Innovation and Manufacturing Act in the United States. With the startup of the facility, Chemours is now accepting orders for Opteon 1150 from customers globally.
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LDOS | Hot Stocks16:33 EST Leidos awarded three-year contract by the MOD worth up to GBP70M - Leidos was recently awarded a three-year (with optional 4th year) contract by the MOD (worth up to GBP70M with all options) to deliver GEOINT capability in support of the UK's National Centre for Geospatial Intelligence as part of the PICASSO programme.
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VNRX | Hot Stocks16:32 EST VolitionRx reports Q3 net loss $7.2M vs. $5.6M a year ago - "We have enjoyed an exciting quarter navigating the due diligence process and negotiations with three multi-national companies to advance term sheets for Nu.Q Vet licensing and distribution arrangements and anticipate signing a term sheet with one of those parties before the end of 2021," commented CEO Cameron Reynolds. "We have also made progress in other key areas including our Nu.Q(R) NETs and Nu.Q(R) Capture programs as we shift gears towards our goal of becoming a commercial company with products."
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GHLD | Hot Stocks16:29 EST Guild Holdings declares special cash dividend of $1.00 per share - The Board of Directors of Guild declared a special cash dividend of $1.00 per share on its Class A and Class B common stock. The $1.00 per share dividend will be paid on or about December 8, 2021 to stockholders of record on November 22, 2021.
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MYO | Hot Stocks16:29 EST Myomo says facing short-term challenges in Q4, cannot forecast revenue - The company states: "While we expect to report strong year-over-year revenue growth for 2021, we face some short-term challenges in the fourth quarter. Although there are a record number of units in backlog, a temporary labor shortage at one of our subcontractors constrained capacity and deliveries in the early part of the quarter. Capacity at that subcontractor has returned to nearly normal, but it will be difficult to make up all the delayed shipments by the end of the year. Therefore, those deliveries and associated revenue may be realized in early 2022. In addition, we are appealing a number of recent claim denials after receipt of a pre-authorization and delivery to the patient. As a result of these factors, it is difficult to forecast revenue for the fourth quarter."
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WKME | Hot Stocks16:24 EST WalkMe enters alliance agreement with Deloitte - WalkMe announced it has entered into an alliance agreement with Deloitte, a global company in Human Capital and Business Transformation Consulting. Deloitte is investing in a dedicated team in the U.S. to provide technology adoption solutions via its newly-created Digital Adoption Services business. Developed in conjunction with WalkMe, clients can leverage these services to realize the rapid results that digital transformation strategies can deliver.
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MN | Hot Stocks16:23 EST Manning & Napier reports preliminary AUM $22.5B as of October 31 - Compared with $22B at September 31.
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COO | Hot Stocks16:22 EST GI Partners to sell Generate Life Sciences to CooperCompanies - GI Partners announced the signing of a definitive agreement to sell Generate Life Sciences, a life sciences platform that provides reproductive and newborn stem cell services, to CooperCompanies. The transaction is subject to customary closing conditions and is expected to be completed in December. Terms were not disclosed.
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MSP | Hot Stocks16:17 EST Datto ended Q3 with over 18,200 MSP partners
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RLI | Hot Stocks16:14 EST RLI Corp. names Kliethermes CEO, Klobnak COO - RLI Corp. announced that the RLI Board of Directors has appointed Craig W. Kliethermes as President and Chief Executive Officer (CEO) and Jennifer L. Klobnak as Chief Operating Officer (COO), effective January 1, 2022. These leadership changes will coincide with the planned retirement of current company Chairman & CEO Jonathan E. Michael at the end of 2021. Kliethermes has served as President and COO since 2016. Previously, he served as Senior Vice President, Risk Services since 2013. Kliethermes joined RLI in 2006 and has 36 years of insurance industry experience. Prior to joining RLI, he served in various actuarial and leadership roles with Lockton Companies, GE Insurance/Employers Reinsurance and John Deere Insurance Company. Klobnak has served as Senior Vice President, Operations since 2016. Previously, she served as Senior Vice President, Risk Services since 2014. Klobnak joined RLI in 2000 and has 21 years of insurance industry experience. Prior to joining RLI, she served in an audit role with PwC.
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BROS | Hot Stocks16:14 EST Dutch Bros sees FY22 total system shop openings at least 112
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BROS | Hot Stocks16:13 EST Dutch Bros reports Q3 same shop sales up 7.3% - System same shop sales grew 7.3% in the third quarter and 10.7% on a two-year basis. Company-operated same shop sales grew 4.7% in the third quarter and 10.1% on a two-year basis. System same shop sales grew 7.3% in the third quarter and 10.7% on a two-year basis. Company-operated same shop sales grew 4.7% in the third quarter and 10.1% on a two-year basis.
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KE | Hot Stocks16:13 EST Kimball Electronics chief compliance officer John Kahle to retire - Kimball Electronics, Inc. announced that Vice President, General Counsel, Chief Compliance Officer, and Secretary, John H. Kahle will be retiring on December 31, 2021. Mr. Kahle, a long tenured member of the executive team, who has enjoyed a distinguished career with the company, will be succeeded by the Associate General Counsel and Assistant Secretary, Douglas A. Hass. Commenting on today's announcement, Donald D. Charron, Chairman and Chief Executive Officer of Kimball Electronics stated, "Our company is bidding farewell to a trusted friend and colleague, who has served as a key leader for almost 35 years. During that time, John's contributions were many, and his impact profound. His sound guidance, quick wit, and worldly perspective will be missed. On behalf of our Board of Directors and the entire organization, I want to extend our most sincere gratitude and appreciation for his dedication and legacy of success. We wish John the very best, he will always be welcomed by the Kimball Electronics family."
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AEVA | Hot Stocks16:12 EST Aeva Technologies selected by Plus in volume production of autonomous trucks - Plus "has selected Aeva to supply automotive grade long-range 4D LiDAR for the production of driver-in and fully autonomous trucks powered by the PlusDrive system. Aeva's high performance LiDAR will help Plus autonomous trucks sense their environment clearly at long ranges, shorten response time in safety-critical situations, and address edge cases leveraging Aeva's proprietary instant velocity data."
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DIS | Hot Stocks16:10 EST Disney down 3% after Disney+ subscriber figure misses expectations
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WISH | Hot Stocks16:09 EST ContextLogic CEO Piotr Szulczewski to step down - ContextLogic announced that Piotr Szulczewski will be stepping down as Chief Executive Officer. He will remain on the Company's board of directors. To ensure an orderly transition, Mr. Szulczewski will remain CEO until either a successor is appointed by the Company's board of directors, or no later than February 1, 2022. The Company has engaged an executive search firm to assist in recruiting a new CEO. "As Wish's Founder and CEO for more than 10 years, Piotr has played an instrumental role in creating a global, publicly-traded, billion-dollar ecommerce marketplace that millions of shoppers use every day. He has laid the groundwork for Wish to continue to grow and thrive and will leave the business in the capable hands of our new, highly talented and invigorated leadership team," said Tanzeen Syed, Lead Independent Director, Wish. "On behalf of the Board of Directors and the entire team at Wish, I want to express my sincerest gratitude to Piotr for his contributions to the company. We look forward to him continuing to guide Wish as a member of our board of directors as we enter our next stage of growth."
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WISH | Hot Stocks16:09 EST ContextLogic sees Q4 adjusted EBITDA ($35M)-($30M) - The company said, "While we are not providing Q4 revenue guidance, we expect Q4 revenue to be below Q3 despite the holidays. This is primarily driven by our ongoing reduction of ad spend during the quarters, resulting in higher ad spend in the beginning of Q3 as compared to the beginning of Q4. Specifically, Q4 revenue through the end of October is down approximately 20% compared to our average monthly revenue in Q3 adjusted for a similar number of days."
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DIS | Hot Stocks16:06 EST Disney reports 118.1M Disney+ paid subscribers as of October 2 - Reports Disney+ paid subscribers of 118.1M, up from 73.7M last year. Reports ESPN+ paid subscribers 17.1M vs. 10.3M last year. Reports total Hulu paid subscribers 43.8M vs. 36.6M last year.
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ICLR | Hot Stocks16:05 EST Icon expands Accellacare site network - Icon plc announced that its Accellacare Site Network has expanded in reach and capabilities through new partnerships with six research sites across four countries. Agreements with Asclepes Research and Olympian Clinical Research in the United States, Curiositas ad Sanum and Intermed in Germany, Quironsalud in Spain, and KO-MED in Poland brings the Accellacare network to 112 active locations across eight countries and the entry to two new U.S. states - Florida and California. Through these new partnerships, Accellacare is also enhancing its already-strong capability in the central nervous system (CNS) and immune-inflammation therapeutic areas. The expansion of the Accellacare Site Network increases access and engagement with investigative sites and its patients, supporting faster recruitment and reducing the overall time and cost associated with drug development for customers. Accellacare now has access to more than 9 million patients.
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HIMS | Hot Stocks16:03 EST Hims & Hers unveils mobile platform for over 500,000 subscription members - Hims & Hers Health unveiled its plans to provide more complete, holistic and personalized care experiences with the launch of the Hims & Hers mobile app. The company intends to begin rolling out the app to its over 500,000 subscription members in the coming weeks. "Today marks one of the most important announcements in our Company's history as we continue toward our goal of fundamentally reshaping what it means to access and experience great modern healthcare," said CEO and Co-Founder of Hims & Hers Andrew Dudum. "Imagine a world where beginning the path towards better health is as easy as pushing "Play" on a guided and integrated Program. A Program led by inspiring and passionate coaches, supported by leading medical specialists in the country, that brings together streamlined education, original content, community support, access to treatment and oversight. Imagine a world where the concept of scheduling an appointment, coordinating a visit, or asking about even the smallest health concern is as simple as texting your Concierge."
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KRMD | Hot Stocks16:02 EST Koru Medical gets FDA clearance for delivery of Hizentra prefilled syringes - Repro Med Systems, Inc. dba KORU Medical Systems announced 510k clearance for use of the KORU Medical FreedomEdge infusion pump to deliver Hizentra [immune globulin subcutaneous 20 mL prefilled syringes.
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KHC | Hot Stocks15:44 EST DOJ requires divestitures in Lactalis deal for Kraft Heinz U.S. cheese unit - The Department of Justice announced that it will require B.S.A. S.A., or "Lactalis," and Kraft Heinz to divest Kraft Heinz's Athenos and Polly-O businesses in order to proceed with Lactalis' proposed acquisition of Kraft Heinz's natural cheese business in the United States. The Justice Department's Antitrust Division filed a civil antitrust lawsuit today in the U.S. District Court for the District of Columbia to block the proposed transaction. At the same time, the department filed a proposed settlement that, if approved by the court, would resolve the competitive harm alleged in the lawsuit. Reference Link
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JAMF AAPL | Hot Stocks15:39 EST Jamf Holding down over 10% after Apple announces 'business essentials' launch - Shares of Jamf Holding (JAMF), which announced on January 4 of this year that its enterprise software for the use of Apple products at work was running on more than 20M devices and serving more than 47,000 customers, are lower in Wednesday afternoon trading after Apple (AAPL) announced its launch of "Apple Business Essentials." The iPhone maker calls the new service one "that brings together device management, 24/7 Apple Support, and iCloud storage into flexible subscription plans for small businesses with up to 500 employees." In afternoon trading, Jamf Holding shares are down $5.32, or 11%, to $43.34.
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AIZ | Hot Stocks14:58 EST Assurant raises quarterly dividend 3% to 68c per share - Assurant announced that its Board of Directors approved a quarterly dividend increase of 2c to 68c per share of common stock. The dividend will be payable on December 20, 2021, to stockholders of record as of the close of business on November 29, 2021. "Our disciplined capital management, driven by robust cash generation in our market-leading lifestyle and housing businesses, has always been a key differentiator for Assurant," said Alan Colberg, CEO, Assurant. "That has allowed us flexibility to invest in our growth businesses and return capital to shareholders, including the recent completion of our three-year $1.35 billion capital return objective. Looking ahead, we are increasing the dividend 3 percent, marking the 17th consecutive dividend raise since our initial public offering and reaffirming the strength and ongoing visibility of Assurant's future cash flow generation."
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VWAGY | Hot Stocks14:46 EST Volkswagen now ranks No. 3 among all NEV manufacturers in China, Diess says - Herbert Diess, Chairman of the Board of Management of Volkswagen Group, said in a LinkedIn post: "The ID. family gains traction also in China. With almost 13.000 e-cars sold in October, VW outperformed local competitors like Nio, Xpeng or Li Auto and now ranks No. 3 among all NEV manufacturers." Reference Link
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NTDOY... | Hot Stocks14:46 EST Valve delays Steam Deck launch to February 2022 - Valve said that the launch of Steam Deck, its upcoming handheld gaming device, will be delayed by two months. "We're sorry about this-we did our best to work around the global supply chain issues, but due to material shortages, components aren't reaching our manufacturing facilities in time for us to meet our initial launch dates," the company said. "Based on our updated build estimates, Steam Deck will start shipping to customers February 2022. This will be the new start date of the reservation queue-all reservation holders keep their place in line but dates will shift back accordingly. Reservation date estimates will be updated shortly after this announcement. Again, we're sorry we won't be able to make our original ship date. We'll continue working to improve reservation dates based on the new timeline, and will keep folks updated as we go." Companies in the video game hardware space include Nintendo (NTDOY), Sony (SONY), and Microsoft (MSFT). Reference Link
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ANIP | Hot Stocks14:11 EST FTC to require ANI, Novitium to divest rights, assets to two generic products - The Federal Trade Commission, or FTC, will require generic drug marketers ANI Pharmaceuticals (ANIP) and Novitium Pharma to divest, to Prasco, ANI's development rights to one generic drug used to treat common infections and assets with respect to another generic drug used to treat inflammation as part of a settlement resolving charges that ANI's $210M acquisition of Novitium likely would be anticompetitive. The divestitures are for generic sulfamethoxazole-trimethoprim oral suspension, also known as SMX-TMP, and generic dexamethasone tablets. Reference Link
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BIIB ESALY | Hot Stocks14:11 EST Biogen, Eisai present updates on lecanemab Phase 2b 201, OLE studies - Eisai (ESALY) and Biogen (BIIB) announced results of new clinical, biomarker and safety assessments of brain amyloid reduction and five-year clinical status of people living with early Alzheimer's disease from the lecanemab Phase 2b 201 and the open-label extension, or OLE, studies. An OLE with 10 mg/kg IV biweekly lecanemab dosing was implemented after analysis of the 18-month, core phase with an intervening off-treatment period ranging from 9-59 months. The OLE phase evaluated the effect of lecanemab on amyloid PET over 12 months of treatment, including earlier time points than in the core phase. This study design provided the opportunity to explore the biomarker and clinical effects of stopping and restarting lecanemab across five years of disease trajectory. The updated assessment of the OLE phase showed that treatment with lecanemab resulted in reduction of brain amyloid levels in as early as 3 months based on OLE data and robust clearance of amyloid plaque with more than 80% of participants achieving amyloid negative status by 12-18 months of treatment as measured by PET. These results are consistent with core phase results. The 201 study core data suggested that clinical efficacy is correlated with amyloid reduction at both the population and subject levels. Amyloid PET levels were significantly reduced by quantitative assessment in newly treated OLE subjects in as early as 3 months after initiation of treatment. Additionally, the core data suggested that clinical efficacy is correlated with plasma Abeta at both the population and subject levels. The clinical treatment difference in study participants between lecanemab treatment and placebo at the end of core period, is maintained after discontinued dosing over the 24-month Gap period. The reduction of clinical decline of participants receiving the highest dose of lecanemab relative to placebo at the end of the 18-month, core period showed a difference of 0.05 in ADCOMS. This treatment difference of 0.10 in subjects who entered OLE was maintained while off-treatment during the gap period up to the beginning of the OLE. Similar findings were observed for CDR-SB and ADAS-Cog, although both groups continued to progress. This pattern of sustained treatment effect after stopping lecanemab, reflected in biomarkers as well amyloid PET, plasma Abeta42/40 and ptau181 is consistent with a disease-modifying effect. New results were also presented for two new blood tests that were measured in the Phase 2b and OLE studies: Plasma Abeta 42/40 ratio and Plasma p-tau181. Plasma Abeta 42/40 ratio changes suggested an inverse correlation with amyloid PET changes. Both amyloid PET and blood Abeta show correlation with ADCOMS at the population and individual levels in the core phase. Monitoring of treatment effects using plasma biomarkers may allow simple dose modification following robust amyloid removal. Consistent with the safety findings in the core period, lecanemab was well-tolerated with less than10% incidence of ARIA-E at 10-mg/kg biweekly in the Core and OLE. The incidence of symptomatic ARIA-E was less than2% in Core and OLE. This safety profile enables lecanemab to be initiated at the therapeutic dose without titration.
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MCD | Hot Stocks13:59 EST McDonald's announces December collaboration with Mariah Carey - McDonald's is collaborating with pop star Mariah Carey to promote 12 days of deals in December. The company said via Twitter that it is introducing the "Mariah Menu," which offers free daily deals with a $1 minimum purchase from December 13-24, only in the McDonald's app. Reference Link
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AAPL QCOM | Hot Stocks13:23 EST Apple loses second appeal over Qualcomm patent decisions - Apple (AAPL) appealed four decisions of the Patent Trial and Appeal Board to the U.S. Court of Appeals for the Federal Court determining that claims of patents owned by Qualcomm (QCOM) weren't proven unpatentable. The appeals court wrote: This is the second such dispute to reach us since these parties settled all their patent infringement litigation worldwide and entered a global patent license agreement. In the first, we dismissed because Apple lacked Article III standing before this court. Apple Inc. v. Qualcomm Inc., 992 F.3d 1378, 1385. Along the way, Apple I foresaw that the standing issue 'impacts . . . other appeals.' Id. at 1382. Confronted here with identical operative facts, we do no more than follow in the wake of Apple I. We dismiss."
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CNI... | Hot Stocks13:20 EST North American rail traffic dropped 3.3% in week ended November 6 - The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending November 6. For this week, total U.S. weekly rail traffic was 504,111 carloads and intermodal units, down 3.5% compared with the same week last year. Total carloads for the week ending November 6 were 235,585 carloads, up 3.1% compared with the same week in 2020, while U.S. weekly intermodal volume was 268,526 containers and trailers, down 8.6% compared to 2020. North American rail volume for the week ending November 6 on 12 reporting U.S., Canadian and Mexican railroads totaled 334,304 carloads, up 2% compared with the same week last year, and 356,154 intermodal units, down 7.8% compared with last year. Total combined weekly rail traffic in North America was 690,458 carloads and intermodal units, down 3.3%. North American rail volume for the first 44 weeks of 2021 was 30,478,642 carloads and intermodal units, up 6.5% compared with 2020. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), ) FreightCar America (RAIL), Trinity Industries (TRN), Greenbrier (GBX), and Wabtec (WAB). Reference Link
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UBER | Hot Stocks13:16 EST Uber sued by Justice Department over charging people with disabilities - The Justice Department filed a lawsuit against Uber Technologies for charging "wait time" fees to passengers who, because of disability, need more time to enter a car. "Uber's policies and practices of charging wait time fees based on disability have harmed many passengers and potential passengers with disabilities throughout the country," the DOJ said in a statement. The lawsuit, filed in the U.S. District Court for the Northern District of California, alleges that Uber violated Title III of the Americans with Disabilities Act , which prohibits discrimination by private transportation companies. The lawsuit seeks relief from the court, including ordering Uber to stop discriminating against individuals with disabilities. Additionally, the department asks the court to order Uber to "modify its wait time fee policy to comply with the ADA; train its staff and drivers on the ADA; pay money damages to people subjected to the illegal wait time fees; and pay a civil penalty to vindicate the public's interest in eliminating disability discrimination." Reference Link
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ROP | Hot Stocks13:11 EST Roper Technologies boosts quarterly dividend by 10% to 62c per share - Roper Technologies announced that its board has declared a quarterly cash dividend of 62c per share, payable on January 24, 2022 to stockholders of record as of January 10, 2022. This represents an increase of 10% over the dividend paid in each quarter of 2021, or an expected 23c increase on an annual basis.
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GOOG GOOGL | Hot Stocks12:16 EST YouTube removes dislike count on all videos - In a company blog post, the YouTube Team said, "At YouTube, we strive to be a place where creators of all sizes and backgrounds can find and share their voice. To ensure that YouTube promotes respectful interactions between viewers and creators, we introduced several features and policies to improve their experience. And earlier this year, we experimented with the dislike button to see whether or not changes could help better protect our creators from harassment, and reduce dislike attacks - where people work to drive up the number of dislikes on a creator's videos. As part of this experiment, viewers could still see and use the dislike button. But because the count was not visible to them, we found that they were less likely to target a video's dislike button to drive up the count. In short, our experiment data showed a reduction in dislike attacking behavior. We also heard directly from smaller creators and those just getting started that they are unfairly targeted by this behavior - and our experiment confirmed that this does occur at a higher proportion on smaller channels. Based on what we learned, we're making the dislike counts private across YouTube, but the dislike button is not going away. This change will start gradually rolling out today." Reference Link
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WYNN | Hot Stocks12:06 EST Wynn Resorts up 2% to $96.18 after Citron speculates on potential sale
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TOST | Hot Stocks12:03 EST Toast falls -14.7% - Toast is down -14.7%, or -$8.90 to $51.85.
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IONQ | Hot Stocks12:03 EST IonQ falls -15.3% - IonQ is down -15.3%, or -$3.44 to $19.09.
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FUBO | Hot Stocks12:03 EST FuboTV falls -17.9% - FuboTV is down -17.9%, or -$5.94 to $27.19.
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SAIL | Hot Stocks12:02 EST SailPoint rises 19.3% - SailPoint is up 19.3%, or $9.30 to $57.50.
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MSFT | Hot Stocks12:01 EST Xbox boss says 'Forza Horizon 5' has over 4.5M players just days after launch - Xbox boss Phil Spencer said in a tweet yesterday that the latest Xbox-exclusive title "Forza Horizon 5" has over 4.5M players so far across PC, cloud, and console. The game has experienced the largest launch day for an Xbox Game Studios title, with its peak concurrent player counter three times as high as the peak for "Forza Horizon 4." "Forza Horizon 5" launched for early access buyers on November 5 and for everyone else on November 9, and the game was available day one for Xbox Game Pass subscribers, The Fly notes. Reference Link
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RNG | Hot Stocks12:00 EST RingCentral rises 26.7% - RingCentral is up 26.7%, or $62.41 to $296.05.
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ATIP | Hot Stocks12:00 EST ATI Physical Therapy rises 39.1% - ATI Physical Therapy is up 39.1%, or $1.16 to $4.13.
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SCI | Hot Stocks11:58 EST Service Corp. increases share buyback authorization by $400M - Service Corporation announced that its Board of Directors has approved a quarterly cash dividend of 23c per share of common stock. The quarterly cash dividend announced today is payable on December 31, 2021 to shareholders of record at the close of business on December 15, 2021. While the company intends to pay regular quarterly cash dividends for the foreseeable future, all subsequent dividends, and the establishment of record and payment dates, are subject to final determination by the Board of Directors each quarter after its review of the company's financial performance, the company noted in a statement. The company also announced that its Board of Directors has increased the authorized level of repurchases of its common stock by approximately $400M. When combined with approximately $200M of authority remaining under the existing program, this represents a total of $600M of current share repurchase authority effective today.
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CWBHF | Hot Stocks11:55 EST Charlotte's Web introduces CBG, CBN oral sprays for stress, sleep support - Charlotte's Web Holdings has added new oral sprays to the Company's e-commerce website. The company said, "The Charlotte's Web Calm Spray and Sleep Spray with CBG and CBN features a format that delivers the hemp extract in a consistent measure. Developed to help consumers manage their everyday stress or support a healthy sleep cycle, these are the Company's first products developed around the minor cannabinoids cannabigerol and cannabinol. Both sprays contain broad spectrum proprietary hemp extract with naturally occurring CBD and other beneficial botanicals for a THC-Free on-the-go option just in time for holiday travel." Charlotte's Web Calm Spray is lemon flavored and comes in a 10mL size, approximately 100 sprays: $49.99 SRP. Charlotte's Web Sleep Spray is mint flavored and comes in a 10mL size, approximately 100 sprays: $49.99 SRP. The new oral sprays launched on the Company's e-commerce website as an exclusive, limited-time offer ahead of a nationwide launch with retailers in 2022.
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ATHA | Hot Stocks11:52 EST Athira Pharma presents update from ACT-AD, LIFT-AD trials of ATH-1017 - Athira Pharma announced that Hans Moebius, M.D., Ph.D., CMO at Athira, presented an overview and updates from two ongoing late-stage clinical trials with Athira's lead development candidate ATH-1017 in mild-to-moderate Alzheimer's disease, in an oral presentation at the 2021 Clinical Trials on Alzheimer's Disease conference in Boston. ACT-AD and LIFT-AD are both randomized, double-blind, placebo-controlled, parallel-group 26-week trials evaluating ATH-1017 for the treatment of mild-to-moderate Alzheimer's disease. ATH-1017 is designed to enhance synaptic activity. "Thus far, baseline characteristics are consistent between ACT-AD and LIFT-AD trials and the average disease severity from both trials is in keeping with the initial Phase 1b AD cohort which showed a statistically significant benefit in Event-Related-Potential P300 latency, a functional measure of working memory processing speed. We are encouraged by the safety profile to-date and low early termination rates from both studies as well as the rate of enrollment," said Dr. Moebius. "We expect data read out from the ACT-AD trial, with a primary endpoint of ERP P300 Latency and secondary endpoints measuring cognition, function, and behavior, in the first half of 2022. These results will provide important insights into ATH-1017's treatment effects in Alzheimer's disease." Study participants in ACT-AD and LIFT-AD are stratified 1:1:1 to receive low dose ATH-1017, high dose ATH-1017, or placebo. Upon completion of either the ACT-AD or LIFT-AD treatment protocol, those interested may enroll in Athira's Open Label Extension study of ATH-1017. The ACT-AD trial has completed enrollment with topline data expected in the first half of 2022.
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F | Hot Stocks11:43 EST Ford, Purdue patent fast-charging station cable - Ford and Purdue University researchers have "taken an important early step to make recharging EVs simple and time saving," the automaker announced. Ford said: "Through a research alliance, researchers from both groups are working to develop a new, patent-pending charging station cable that could combine with in-development vehicle charging technology, making it even easier for people to transition to EVs with seamless re-charging." Reference Link
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GM | Hot Stocks11:37 EST General Motors restructures global IT group to drive revenue growth - General Motors announced the immediate restructuring of its Information Technology function into two groups - the Digital Business Software team and the Global IT organization - to support its goal of growing software-enabled services revenue to $20B-$25B annually by 2030. Stacy Lynett is appointed vice president of Digital Business Software, reporting to Chief Digital Officer Edward Kummer, who assumed his role Oct. 16. Lynett will lead a newly formed and growing team responsible for technology strategy and software product development for customers. Fred Killeen is named vice president of Global Information Technology and chief information officer, reporting to GM Chair and CEO Mary Barra. In this role, Killeen will lead the Global IT team, responsible for enabling IT assets and solutions across the enterprise in support of GM's overall global business. Previously, both Lynett and Killeen reported to Executive Vice President and CIO Randy Mott, whose retirement was announced Nov. 2. "The new structure and dual operating model will enable GM to fully leverage its strong foundation in IT capability, talent and resources, as well as reduce complexity and improve speed," Barra said. "Stacy and Fred bring unique backgrounds and experiences to help us seize the opportunities software plays in our business as we move from automaker to platform innovator." Lynett previously was executive director and CIO of Global Product Development & Quality, GM IT, and CIO for Global Corporate Function. Killeen previously served as chief information security officer and chief technology officer, GM IT, responsible for the company's Global Information Security and IT Risk Management programs. Reference Link
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GM | Hot Stocks11:36 EST General Motors names Fred Killeen VP of Global Information Technology and CIO
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GM | Hot Stocks11:36 EST General Motors names Stacy Lynett VP of Digital Business Software
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GM | Hot Stocks11:35 EST General Motors restructures IT function into two groups
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FB MVRS | Hot Stocks11:22 EST Mosseri says Instagram testing 'Take a Break' feature - Adam Mosseri, Head of Instagram, tweeted: "Testing 'Take a Break' We started testing a new feature called 'Take a Break' this week. This opt-in control enables you to receive break reminders in-app after a duration of your choosing. I'm excited to dig into the results & hopefully launch this sometime in December." Reference Link
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RDW | Hot Stocks11:17 EST Redwire down 14% after rescheduling Q3 earnings announcement - Shares of Redwire are down $1.70, or 14%, to $10.21 in Wednesday morning trading after the company announced last night that it would reschedule its earnings announcement for the third quarter ended September 30, which had been previously scheduled for Wednesday, November 10. "The company will share details for the revised scheduling, including the timing for the earnings conference call and webcast, once the new date has been set," Redwire stated.
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GANX | Hot Stocks11:11 EST Gain Therapeutics announces preclinical data from study of STARs compounds - Gain Therapeutics announced data from the Company's study conducted at the University of Maryland School of Medicine. The study, evaluating two lead Structurally Targeted Allosteric Regulators compounds - GT-02287 and GT-02329 - for the treatment of Gaucher and GBA1 Parkinson's Disease, demonstrated highly statistically significant effects on all tested phenotypes representing a key breakthrough in the potential to treat neurodegenerative disorders characterized by misfolded proteins including Parkinson's Disease, Alzheimer's, Gaucher's Disease and Lewy Body Dementia. Study results were presented at The Michael J. Fox Foundation for Parkinson's Research's Innovating from Drug Discover to the Clinic: Novel Approaches to PD Therapeutic Development webinar. Through its proprietary SEE-Tx platform, Gain has identified two lead STAR candidates which have the ability to restore enzyme function of GCase - an enzyme involved in various neurodegenerative diseases. The compounds characterized in various assays and showed the potential to halt the progression in Parkinson's patients with GBA1 gene mutations as well as patients whose glucocerebrosidase protein is misfolded due to ageing cellular processes. This previous work was supported through grants from The Michael J. Fox Foundation and the Silverstein Foundation for Parkinson's with GBA. The study conducted in collaboration with Ricardo A. Feldman, Ph.D., Associate Professor of Microbiology and Immunology at UMSOM and lead investigator, is using human induced pluripotent stem cells for Gaucher and Parkinson's Disease modeling and drug discovery. Gain's candidate molecules GT-02287 and GT-02329 have been initially assessed in this unique "disease-in-a-dish" iPSC model derived from Gaucher type 2 and 3 patient cells. The data generated from the collaboration with University of Maryland School of Medicine in the iPSC models for GBA-associated Parkinson's Disease and Gaucher Disease showed the following results: Gaucher Type III dopaminergic neurons: GT-02329 and GT-02287 increased GCase enzyme levels by 129% and 118% respectively in Gaucher type III dopaminergic neurons when compared with untreated cells. GT-02329 and GT-02287 demonstrated an increase in GCase and lysosome co-localisation in Gaucher Type III dopaminergic neurons when compared with untreated cells. GT-02287 showed a marked decrease in phosphorylated alpha-synuclein-p129 of 41% and a reduction in aggregated alpha-synuclein-p129 of 47% in Gaucher Type III dopaminergic neurons when compared with untreated cells. Gaucher Type II dopaminergic neurons: phospho- alpha -synuclein and aggregated synuclein: GT-02287 reduced phosphorylated alpha-synuclein-p129 by of 39% at 20muM vs non-treated: GT-02287: Reduction of aggregated alpha-synuclein-p129 by 64% 20muM vs non-treated. Gaucher Type III cortical neurons: GlcCer: GT-02329 and GT-02287 reduced the amount of the toxic substrate Glucosylceramide by 42.9% and by 50.2% respectively when compared with untreated cells. Gaucher Type II dopaminergic neurons: GT-02329 and GT-02287 also demonstrated increased co-localisation of GCase and lysosomes and when compared with untreated cells.
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FOUR | Hot Stocks11:08 EST Shift4 announces five-year strategic partnership with SpaceX Starlink - Shift4 Payments in investor day presentation slides announced a five-year global strategic partnership with SpaceX Starlink. Shift4 said its 120-day plan is to convert domestic payment volume to Shift4 acquiring. "SpaceX Starlink is a cornerstone, global client opening up opportunity throughout the globe by servicing the business globally, Shift4's TAM expands in all the verticals we serve," the company said. It estimates long term SpaceX Starlink only subscription payments at $100B. Shift4 Payments also highlighted a $500B-plus total address market in satellite based consumer broadband plus internet services by 2040. This "opens up massive pool of global commerce opportunities," the company noted. Shares of Shift4 Payments are up 16%, or $9.24, to $68.00 in morning trading.
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URGN | Hot Stocks11:02 EST UroGen Pharma unveils Phase 3 development plan for UGN-102 - UroGen Pharma is announcing at its virtual Spotlight Event being held that, following recent discussions with the U.S. Food and Drug Administration, it plans to conduct a new, single-arm Phase 3 pivotal study of UGN-102 for the treatment of low-grade, intermediate-risk, non-muscle invasive bladder cancer. This new study, which is expected to initiate in early 2022, is expected to enroll approximately 220 patients across 90 sites. The company said, "UroGen is grateful to the investigators and patients who are participating in the ATLAS study and believes the data generated will represent an important component of the planned UGN-102 NDA submission, which remains on track for 2024. In light of the new planned Phase 3 trial, UroGen will stop enrollment in the ATLAS trial. Patients already enrolled in ATLAS will have the option to remain in the study until completion." In addition to the updated clinical plan for UGN-102, the Spotlight Event features presentations on UroGen's earlier-stage, locally administered immunotherapy candidates, UGN-301 and UGN-201, as well as two expert panel discussions on future directions in treating NMIBC, other types of bladder cancer and the potential benefits of UroGen's immunotherapy pipeline products in non-urologic cancers. UroGen is currently conducting non-human primate toxicity studies to facilitate the initiation of a multi-arm Phase 1 study of UGN-301 in early 2022 to be followed by UGN-301 in combination with other agents. This approach leverages UroGen's unique platform for drug delivery and provides an opportunity to evaluate intravesical delivery of its anti-CTLA4 monoclonal antibody in combination with other immuno-modulators, chemotherapies, gene therapy and innate immune stimulators, including UGN-201.
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REGI | Hot Stocks11:02 EST Renewable Energy announces strategic partnership with Booster - Booster, which identifies itself as "the tech-enabled energy delivery service," and Renewable Energy Group announced what they say is "a first-of-its-kind partnership" to provide mobile delivery of renewable diesel, biodiesel and blended fuels to fleets. The service started in California in August and has the potential to grow nationally, the companies stated in a press release. As part of the partnership, REG will be an exclusive supplier of bio-based diesel to Booster, and has become an investor in the company. Booster will also be an exclusive mobile fueler to REG and will partner with REG to explore expansion opportunities together. The REG / Booster collaboration will initially focus on servicing fleet customers in California, starting with the San Francisco Bay Area and Orange County, with additional markets to follow. "This collaboration is a perfect match for us, bringing together two innovative, sustainable solutions and building on our downstream strategy to reach customers and provide a first-class experience. The energy transition is happening and this is the right place and right time for customers to adopt bio-based diesel and immediately reduce emissions in an easy and efficient manner. Our investment in Booster solidifies our commitment to enabling consumers with the ability to access clean fuel choices," said REG Senior Vice President, Sales & Marketing, Bob Kenyon.
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AADI | Hot Stocks10:54 EST Aadi Bioscience posts webpage stating Fyarro is 'now approved' in U.S. - A website page attached to the corporate site of Aadi Bioscience includes a graphic that states "Fyarro is now approved in the United States" along with a link out to the FDA website. On November 10, Neil Desai, Ph.D., Founder, CEO and President of Aadi, commented along with the company's Q3 report: "Following the successful merger completed in the third quarter, we are now fortified on all fronts with a strengthened balance sheet and expanded management team ahead of our November 26 Prescription Drug User Fee Action target date for FYARRO. With a sizeable PIPE financing that closed in connection with our merger with Aerpio, we can effectively deploy capital toward the commercialization of FYARRO in advanced malignant PEComa and for our planned tumor-agnostic registrational trial in patients with solid tumors harboring inactivating alterations of TSC1 and TSC2 genes in the mTOR pathway." The Fly has reached out to the company for comment on the "Our Medicine" page. Reference Link
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VOSO APO | Hot Stocks10:26 EST Wejo, Virtuoso Acquisition in purchase pact with Apollo for up to $75M
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VOSO | Hot Stocks10:25 EST Wejo, Virtuoso Acquisition announce additional financing related to merger - Wejo Group Limited and Virtuoso Acquisition Corp. (VOSO), a publicly traded special purpose acquisition company, announced two agreements to secure additional financing arrangements related to their proposed merger through which Wejo expects to become a publicly listed company: An affiliate of Wejo has entered into a forward purchase agreement, a derivate transaction, for up to 7.5 million shares of Virtuoso with a value of up to $75M, with funds managed by affiliates of Apollo (APO). Virtuoso has also entered into an agreement with Mason Stevens, an Australia-based institution offering managed account solutions across multi-assets and multi-currencies, under which Mason Stevens make will an investment of $3.5M as part of the Private Investment in Public Equity financing, bringing the total financing to $128.5M. Richard Barlow, Founder and CEO of Wejo, said, "As we approach the completion of our merger with Virtuoso Acquisition Corp. and our public listing, we are delighted to have arranged this additional financing, which is a validation by highly regarded global investors of the considerable momentum we have built in our business and our future growth opportunities. The combination of our PIPE, cash in trust, and Apollo's forward purchase agreement, ensures we have significant capital for the future to invest in product and technology development, global distribution of our products and services, OEM onboarding, and accelerating our marketplace growth."
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BX | Hot Stocks10:08 EST Blackstone appoints Jean Rogers as global head of ESG - Blackstone announced that Dr. Jean Rogers, Founder and Former CEO of the Sustainability Accounting Standards Board, will be joining the firm in January 2022 as its Global Head of Environmental, Social and Governance. Dr. Rogers will oversee Blackstone's corporate ESG team, leading strategy, integration, reporting and engagement. She will partner closely with our business unit heads of ESG, operational and asset management teams and other functional groups across the firm to ensure a highly integrated and coordinated approach.
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PRTC | Hot Stocks10:03 EST PureTech granted orphan status for pancreatic cancer treatment - The FDA granted PureTech Health orphan status for its monoclonal antibody for the treatment of pancreatic cancer. Reference Link
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AAPL | Hot Stocks10:02 EST Apple introduces 'Apple Business Essentials' service, available today in beta - Apple has announced "Apple Business Essentials," which the company calls "an all-new service that brings together device management, 24/7 Apple Support, and iCloud storage into flexible subscription plans for small businesses with up to 500 employees." The company also unveiled a new Apple Business Essentials app that enables employees to install apps for work and request support, Apple stated. A set of three Apple Business Essentials plans "enable businesses to cover every employee and device in their organization," Apple said. Plans can be customized to support each user with up to three devices and up to 2TB of secure storage in iCloud, starting at $2.99 per month, with optional AppleCare+ for Apple Business Essentials. Apple Business Essentials is available as a free beta starting today in the US. The service will be fully available in the spring of 2022.
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MSI | Hot Stocks10:01 EST Motorola selected by SEGUP of Para, Brazil to modernize communications - The Secretariat of Public Security and Social Defense of Para, Brazil, has chosen Motorola Solutions to modernize its mission-critical communications to connect all public safety agencies across the country's second-largest state, Para. The deployment is part of the "Speaking for all Para" initiative that is focused on equipping Para's public safety and government agencies with Motorola Solutions' advanced APCO P25 radio technologies to enable faster, more effective emergency response to reduce crime and better protect the region's eight million citizens.
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DMRC | Hot Stocks10:01 EST Digimarc names Ken Sickles as Chief Product Officer - Digimarc announced it has appointed Ken Sickles as Chief Product Officer, a key member of the leadership team. Reporting to the CEO, Riley McCormack, Sickles will help develop, deliver and support Digimarc's world-class global technology platform that advances the reach and effectiveness of automatic identification of media across multiple industries, while also supporting product and engineering teams and go-to-market strategies. Sickles joins Digimarc from ThinkTank, where he was Chief Technology Officer/Chief Product Officer from 2017 through 2021 and was a key contributor in the acquisition of the company by Accenture in May 2021.
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UP | Hot Stocks10:01 EST Wheels Up falls -14.1% - Wheels Up is down -14.1%, or -$1.03 to $6.28.
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FUBO | Hot Stocks10:00 EST FuboTV falls -16.2% - FuboTV is down -16.2%, or -$5.37 to $27.76.
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TOST | Hot Stocks10:00 EST Toast falls -16.6% - Toast is down -16.6%, or -$10.10 to $50.65.
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FOUR | Hot Stocks10:00 EST Shift4 Payments rises 19.8% - Shift4 Payments is up 19.8%, or $11.65 to $70.37.
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SAIL | Hot Stocks10:00 EST SailPoint rises 25.3% - SailPoint is up 25.3%, or $12.20 to $60.40.
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RNG | Hot Stocks10:00 EST RingCentral rises 26.0% - RingCentral is up 26.0%, or $60.86 to $294.50.
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WRAP | Hot Stocks09:59 EST Wrap's BolaWrap 150 device receives classification from RCMP - Wrap Technologies, along with its BolaWrap distributor in Canada, TRAPT Technologies Canada Inc., announced the Royal Canadian Mounted Police completed the classification request of the next generation BolaWrap 150 remote restraint device. In less than a month, the RCMP released a Firearms Reference Table report exempting product sales of the BolaWrap 150 from being classified as a prohibited device or firearm per Section 84(3) of the Canadian Criminal Code. "Following the classification of the BolaWrap 100 back in August, the RCMP moved quickly to classify the next generation BolaWrap 150 which was just launched last month," said Michael Harvey, President and Chief Technology Officer of TRAPT Technologies Canada. "The interest continues to build throughout Canada and evidenced by the Sainte-Anne Police already carrying the BolaWrap for its active-duty police officers. With the classification now completed, we will be moving quickly to meet the demo and training requests by Canadian law enforcement throughout the country."
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PRTC | Hot Stocks09:58 EST PureTech granted orphan status for pancreatic cancer treatment - The FDA granted PureTech Health orphan status for its monoclonal antibody for the treatment of pancreatic cancer. Reference Link
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BTCY | Hot Stocks09:57 EST Biotricity announces availability of Bioheart heart monitor - Biotricity announced the availability of Bioheart, a direct-to-consumer heart monitor that offers the same continuous heart monitoring technology used by physicians. Showcased in prototype form at CES 2020, Bioheart has shipped to preorder customers and is now available for purchase at www.bioheart.com. Bioheart retails for $199 and the app is available on Apple's App Store and on Google Play.
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PFE... | Hot Stocks09:55 EST Germany recommends Pfizer vaccine over Moderna for young, pregnant - Germany's vaccine commission recommended that people under 30 and pregnant women should get the Pfizer (PFE) and BioNTech (BNTX) Covid shot rather than one from Moderna (MRNA). Rare heart-inflammation side effects appear more common with Moderna's shot in younger patients, the commission said in a statement. Reference Link
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AMTB | Hot Stocks09:54 EST Raistone announces growth funding round led by Amerant Bancorp - Raistone announced that it has secured a growth funding round led by Amerant Bancorp. The company said, "The investment comes amid triple-digit percentage growth at Raistone as the company helps inject much-needed cash to the global supply chain. Raistone is an international provider of working capital, leveraging cutting-edge technology to connect a marketplace of buyers, suppliers, business-to-business platforms, and financial institutions." The company will use the funding to expand development of its finance application programming interfaces, which enable enterprise software firms to embed working capital solutions and offer solutions to their users. Raistone will also use the funds to grow its staff and expand its suite of financial solutions, which includes Supply Chain Finance.
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WWE | Hot Stocks09:51 EST WWE enters multi-year partnership with National Medal of Honor Museum Foundation - The National Medal of Honor Museum Foundation announced an official multi-year partnership with WWE. As part of the partnership, WWE will help the Museum compellingly tell the stories of the recipients of the nation's highest award for valor in combat, the Medal of Honorm while supporting the overall mission to build a Museum in Arlington, TX, and a Monument in Washington, DC, in recognition of the values the Medal represents: courage and sacrifice, commitment and integrity, citizenship and patriotism. The partnership kicks off at the special WrestleMania On-Sale Party at AT&T Stadium, home of the Dallas Cowboys. Medal of Honor recipient and NMOHMF board member Major General Pat Brady will be honored by WWE at the event. In addition, for every WrestleMania souvenir ticket issued at the party, $1 will go to support NMOHMF. The partnership will also be featured on WWE programming, including during WWE's Tribute to the Troops special airing this Sunday, November 14 on FOX, where WWE will spotlight legendary Medal of Honor recipient Woody Williams - the last living recipient from World War II - in partnership with NMOHMF.
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MFC | Hot Stocks09:49 EST Manulife cautions investors over Obatan offer for shares - Manulife has been notified of an unsolicited mini-tender offer made by Obatan to purchase up to 500,000 Manulife common shares, or approximately 0.026% of the common shares outstanding, at a price of $15.60 per share. The company said, "Manulife is in no way associated with Obatan and does not recommend or endorse acceptance of this unsolicited offer. Manulife cautions shareholders that the mini-tender offer has been made at a price below the current market price for Manulife shares. The offer represents a discount of 19.87% and 19.96%, respectively, below the closing prices of Manulife common shares on the TSX and NYSE on October 29, 2021, the last trading day before the mini-tender offer was commenced, and a discount of 21.76% and 21.80%, respectively, below the closing prices on the TSX and NYSE on November 9, 2021...Shareholders should carefully review the Obatan offer documents and current market price for Manulife shares, and consult their investment advisors regarding any offer they may receive and review with their advisors all options for their investment in Manulife shares."
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HYLN | Hot Stocks09:48 EST Hyliion Holdings falls -13.3% - Hyliion Holdings is down -13.3%, or -$1.17 to $7.64.
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PRGO | Hot Stocks09:47 EST Perrigo falls -13.6% - Perrigo is down -13.6%, or -$6.43 to $41.00.
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DOCS | Hot Stocks09:47 EST Doximity falls -14.7% - Doximity is down -14.7%, or -$11.25 to $65.26.
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SAIL | Hot Stocks09:47 EST SailPoint rises 21.9% - SailPoint is up 21.9%, or $10.56 to $58.76.
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FOUR | Hot Stocks09:47 EST Shift4 Payments rises 23.2% - Shift4 Payments is up 23.2%, or $13.64 to $72.36.
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RNG | Hot Stocks09:47 EST RingCentral rises 29.0% - RingCentral is up 29.0%, or $67.65 to $301.29.
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BSGM | Hot Stocks09:41 EST BioSig Technologies installs PURE EP System in another hospital in Texas - BioSig Technologies announced that it is installing a PURE EP System for an evaluation at the HCA Healthcare-operated Medical City Heart Hospital in Dallas, TX. This is the Company's 17th installation and its fifth in Texas. "Heart disease and stroke remain at the top of leading causes of disability in Texas1, and we are committed to working with more physicians in this state as they strive to reduce the societal burden caused by heart disease. Medical City Heart provides specialized care for all types of cardiac rhythm disorders, and we are looking forward to contributing our technological and clinical know-how in this new collaboration," commented Kenneth L. Londoner, Chairman, and CEO of BioSig Technologies. To date, over 71 physicians have completed over 1600 patient cases with the PURE EP System. The Company is in a focused commercial launch of the PURE EP System in the Northeast, Texas, and Florida. The technology is regularly used in some of Texas's highest-ranked hospitals, including St. David's Medical Center, Houston Methodist Hospital, and Medical City North Hills.
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ADIL | Hot Stocks09:40 EST Adial Pharmaceuticals announces private placement of common stock - Adial Pharmaceuticals announced that it has received funds and capital commitments totaling $1,255,000; $800,000 from the sale of shares of common stock in a private placement at a price of $4.00 per share, and $455,000 from the cash exercise of incentive stock options granted to Mark Howard Peikin, the Company's Chief Strategy Officer. Although the Options were available for cashless exercise, Mr. Peikin elected to exercise the Options for cash to support the expansion of Adial's drug development pipeline. Mr. Peikin does not receive a salary for his work on behalf of Adial, however, Adial's Board of Directors has granted Mr. Peikin stock options from time-to-time in recognition of his contributions to the Company. The Options were exercised by Mr. Peikin for a total cash exercise price of $455,000, which funds have been received by Adial. The Shares were purchased pursuant to a Securities Purchase Agreement by Bespoke Growth Partners, which is controlled by Mr. Peikin. Bespoke led Adial's prior private placement and has also invested in Adial in several earlier financing rounds. In accordance with the terms of the SPA, Bespoke has funded $80,000, which has been received by Adial, and Bespoke is expected to fund the balance of the $800,000 it committed to fund upon a registration statement registering the Shares being declared effective by the Securities and Exchange Commission. No warrants or options were issued in connection with the SPA, and no investment banking fees were incurred by Adial in connection with the transactions.
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YAYO | Hot Stocks09:39 EST EVmo launches integrated gig delivery technology platform - EVmo announced the launch of a crowd-sourced delivery application that will provide renters on the EVmo platform with exclusive access to same day delivery job opportunities for items such as hot food, e-commerce packages, groceries, and on-demand fulfillment of consignments requiring urgent delivery. "This innovative application provides an intuitive approach to order management and delivery optimization with real-time updates to retailers and delivery recipients at the completion of each delivery," said Stephen Sanchez, CEO of EVmo. "The advanced algorithm underpinning the gig delivery application transforms complex logistical challenges associated with multiple deliveries into intuitive navigational assistance. Using the technology, EVmo renters will have the ability to optimize selected orders across multiple retailers and multiple delivery destinations, with the application providing the most efficient delivery route, improving the overall customer and renter experience." Sanchez continued, "We are very proud of this groundbreaking innovation and how it allows us to further do our part in creating income opportunities for our renters. Empowering gig workers with the tools to participate in the rapidly expanding gig economy is core to our corporate DNA. We believe that this is a game changer in the industry, and it fully differentiates us from others in the rideshare space."
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TGEN | Hot Stocks09:39 EST Tecogen receives 2.5 MW Microgrid System order - Tecogen is pleased to announce an order for twelve InVerde e+125 kW microgrid-enabled cogeneration units and three 400 ton Tecochill chillers for a large controlled environment agriculture facility. The overall microgrid system will reduce the electrical capacity requirements for the facility by approximately 2.5 MW and is scheduled to ship by the end of the first quarter of 2022. This order further expands Tecogen's position as the preferred supplier of microgrids requiring cooling for CEA applications, including in the northeast US where the company has sold over 13,000 tons of Tecochill capacity.
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VRNOF | Hot Stocks09:37 EST Verano Holdings to acquire Caring Nature, Connecticut Pharmaceutical Solutions - Verano Holdings announced it has entered into multiple agreements to acquire all of the issued and outstanding equity interests of Caring Nature, LLC and Connecticut Pharmaceutical Solutions, Inc., along with the closing of its acquisition of Willow Brook Wellness, LLC. Caring Nature owns an active dispensary in Waterbury, CT; Connecticut Pharmaceutical Solutions owns an operating cultivation and production facility in Rocky Hill, CT; and Willow Brook Wellness holds an active dispensary in Meriden, CT. Collectively, these acquisitions expand Verano's presence on the East Coast with the addition of vertically integrated operations in the attractive Connecticut market. The transaction to acquire 100% of the equity interests of Willow Brook Wellness, LLC, includes one active dispensary in Meriden, Connecticut. The agreement was signed on September 13, 2021, and closed on October 25, 2021. The transaction to acquire 100% of the equity interests of Caring Nature, LLC, includes one active dispensary in Waterbury, Connecticut. The agreement was signed on November 10, 2021. The transaction to acquire 100% of the equity interests in Connecticut Pharmaceutical Solutions, Inc., includes an active, 216,532 sq. ft. state-of-the-art cultivation and production facility in Rocky Hill, Connecticut. Aggregate proceeds for the transaction include US$113,250,000 in subordinate voting shares of the Company upon the consummation of the transaction, US$18,500,000 in subordinate voting shares of the Company upon the first adult-use sale of cannabis in Connecticut, and additional subordinate voting shares based on achieving 2021 EBITDA performance milestones. The agreement was signed on November 10, 2021. Connecticut Pharmaceutical Solutions, Inc. is a portfolio company of Tuatara Capital, L.P. Closing of the Caring Nature, LLC and Connecticut Pharmaceutical Solutions, Inc. transactions are each subject to customary conditions, contingencies, and approvals, including regulatory approval.
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PEN | Hot Stocks09:36 EST Penumbra receives donation from SoldiersStrong, donates REAL Immersive System - SoldierStrong announced a donation from Penumbra to support U.S. military veterans and active military service members with the use of immersive healthcare technology to help aid their physical rehabilitation. Penumbra will donate the REAL Immersive System, which leverages virtual reality to deliver engaging, immersive therapeutics designed to engage patients during their rehabilitation journey, supporting areas such as functional skills and cognition. "There is significant research that supports the substantial benefits of virtual reality, which the military has long recognized. They are early adopters of VR technology to address a range of conditions, including post-traumatic stress disorder," said Adam Elsesser, chairman and CEO of Penumbra. "In honor of Veteran's Day and Penumbra's commitment to help as many people as we can with our technology, we are proud to support SoldierStrong in their mission to aid the health and well-being of the men and women of the U.S. Armed Forces and veterans." With this donation, SoldierStrong will be able to deliver REAL Systems to more than 20 military and veteran rehabilitation centers across the U.S.
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STPGF | Hot Stocks09:36 EST Steppe Gold announces $65M in project finance, working capital debt facility - Steppe Gold is extremely pleased to announce that it has reached agreement for up to $65m in debt capital to fast track its phase two construction of the ATO Gold Mine. Of the total $65m in Loans, MNT 170 billion or approximately US$59.7m has been funded through the Gold-2 National Program, facilitated through the Central Bank of Mongolia. The 2021 Gold-2 Loan proceeds were advanced during the third quarter to Steppe Gold by the Trade and Development Bank of Mongolia. The 2021 Gold-2 Loan is a special purpose covenant-light loan, with a three-year term at 9% interest and full prepayment rights without penalty. All interest amounts are paid monthly. Draw down of the loan proceeds will commence on completion of registration of security, expected later this month. Further the Company has reached agreement for an additional US$5m for allocation to working capital to be funded directly from TDBM in the form of a prepaid gold sales loan. The TDBM Gold Loan will be repaid over a period of 12 months based on gold sales, with repayments in cash equivalent at MongolBank gold prices. With its Phase 2 Expansion headline numbers announced on October 27 and construction already commenced on the expanded crushing circuit the Company will now allocate the proceeds of the Gold-2 Loan to fast track the construction of the Phase 2 Expansion Project.
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EEFT MSFT | Hot Stocks09:37 EST Euronet's epay announces global expansion through new billing platform - epay, the digital payments processing business segment of global financial technology solutions and payments provider Euronet Worldwide (EEFT), announced multiple launches for its new recurring billing solution consisting of subscription products for Microsoft 365 (MSFT), Xbox Game Pass Ultimate, and Xbox All Access in North and South America, Europe, Asia and Australia. The new recurring billing platform enables companies and brand partners worldwide to easily offer their digital products with subscription-based pricing while expanding the capabilities of epay's digital content portfolio. epay processes digital payments, manages value-added services such as gift cards and mobile top-ups and also distributes its digital content portfolio of many well-known brands through its global retailer network that occupies 739,000 POS. How the epay recurring billing solution works: Channel partners offer a subscription-based product to customers and record their preferred payment method. epay either connects to the retailer's existing payment infrastructure or facilitates recurring billing through payment tokenization. At the end of the initial subscription period, the renewal is triggered by the brand or channel partner via the tokenized data without having to store and process sensitive personal data. Further countries and retailers are already being planned and will be announced when available. "Subscription-based business models are the future of many companies because they support growth and digital transformation at the same time," said Kevin Caponecchi, Executive VP and CEO, epay, Software and EFT Asia Pacific Division. "The current pioneers from the software, streaming and gaming sectors will soon be joined by a wide range of new providers from beauty, fashion, food and other industries. With our existing connections to over a thousand brands across a wide range of industries and our innovative technology which allows us to distribute products globally through our extensive retailer network, we will soon be able to offer further recurring billing solutions from many more consumer areas. This solution is an important strategic business area that we intend to expand globally."
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HTBK | Hot Stocks09:30 EST Heritage Commerce hires David Casassa as SVP, Relationship Manager - Heritage Bank of Commerce, a subsidiary of Heritage Commerce, announced that David Casassa has joined the Bank as Senior Vice President, SVP, and Relationship Manager. He will focus on leveraging his extensive network in the North Bay to cultivate loans and deposits in the region. Casassa most recently as SVP and Market Manager at a competing bank in Petaluma, CA.
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GREE | Hot Stocks09:29 EST Greenidge Generation selected as launch customer for next-gen Bitmain equipment - Greenidge Generation announced it has been selected by Bitmain as one of five global launch customers for Bitmain's newly announced ANTMINER S19 XP. The S19 XP technology requires approximately 27% less electricity per terahash than the most efficient bitcoin mining equipment currently available in the market. The launch order of green ANTMINER S19 XP miners will be delivered in the third quarter of 2022. Greenidge intends to deploy the units at a facility to be developed in South Carolina or Texas. This order brings Greenidge's current and committed mining capacity to approximately 49,000 miners and 4.7 EH/s by the end of 2022. It also solidifies the company's position as a leading environmentally conscious miner focused on driving maximum efficiency of its fleet while maintaining a carbon-neutral footprint. The ANTMINER S19 XP has 21.5 joules/TH of efficiency compared to Bitmain's previous S19 Pro technology of 29.5 J/TH. The units will consume 27% less energy per terahash and will deliver 37% more computing power per kilowatt hour than current technology.
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CG | Hot Stocks09:29 EST Carlyle Group announces majority investment in Sciens Building Solutions - Sciens Building Solutions announced that it has reached a definitive agreement to sell a majority stake to funds managed by global investment firm Carlyle. The Company's senior management team, as well as current owner Huron Capital, will retain minority equity stakes in the business. Terms of the private transaction were not disclosed. Greg Nikodem, Managing Director at Carlyle, said, "We're excited to partner with... Sciens' experienced and talented team to fuel the Company's growth in such an attractive market. By combining management's unparalleled knowledge of the fire and life safety industry with our resources and network of relationships, we aim to add value for Sciens' customers, channel partners and employees. This investment is consistent with our demonstrated strategy within the broader business services space, and we look forward to helping the team accelerate their vision of building a best-in-class and differentiated company."
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LMT AJRD | Hot Stocks09:29 EST Lockheed Martin sees Aerojet Rocketdyne deal closing in 1Q22
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DIBS | Hot Stocks09:28 EST 1stDibs launches 1stDibs Auctions - 1stDibs has launched 1stDibs Auctions, presenting a new way to discover and own the world's most beautiful things. Originally introduced as a listings site in 2001, 1stDibs transitioned to a full e-commerce model in 2016. With the arrival of Auctions, the platform allows guests to place bids on their favorite items-spanning furniture, home decor, art, fine jewelry, watches, handbags and fashion-offering the thrill associated with a treasure hunt and winning a beloved item at an exceptional price. To celebrate this new milestone, 1stDibs teamed up with Jonathan Adler and Simon Doonan to guest curate a collection of their favorite auction finds. The creative dynamos-Adler, a potter, designer and author; and Doonan, a writer, window dresser and fashion commentator-hand-selected an assortment of items that reflect their style sensibilities.
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AMD IBM | Hot Stocks09:27 EST AMD 's 3rd Gen AMD EPYC processors selected by IBM Cloud - AMD (AMD) announced that IBM Cloud (IBM) has chosen 3rd Gen AMD EPYC processors to expand its bare metal service offerings designed to power customers' demanding workloads and solutions. The new servers, featuring 128 cores, up to 4TB of memory and 10 NVMe drives per server, give users full access to high-end, dual-socket performance with AMD EPYC 7763 processors; a first for IBM Cloud in a dual-socket platform. "Our customers have a high demand for computing processing power and the new 3rd Gen AMD EPYC processors provide the high levels of performance and scalability we were looking for," said Suresh Gopalakrishnan, vice president, IBM Cloud. "Our collaboration with AMD has helped us deliver our highest core counts and bandwidth ever available for IBM Cloud customers, to offer top market performance for today and tomorrow's demanding workloads." The combination of IBM Cloud Bare Metal Servers with the AMD EPYC 7763 processor is designed for customers seeking a diverse set of workloads including, compute-intensive workloads, virtualized environments, large-scale databases, and more. In addition, the bare metal servers are ideal for hosting massive multiplayer online gaming environments. Hosting companies can achieve the low latency, high-performance processing and memory and generous bandwidth necessary for a reliable, responsive platform.
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PHG | Hot Stocks09:27 EST Philips receives grant to improve accessibility of maternal care - Royal Philips announced it has received a USD 15.4 million grant from the Bill & Melinda Gates Foundation to develop an artificial intelligence based application suite to improve the quality and accessibility of obstetric care in low- and middle-income countries, especially in underserved communities. By helping front-line healthcare workers such as midwives to identify potential problems in pregnancy at an early stage, the project aims to significantly reduce the number of women who die as a result of pregnancy - currently around 830 women every day worldwide- while reducing fetal mortality and morbidity. The project plans to develop an application suite that will be deployed on Philips Handheld Ultrasound - Lumify - which is currently in widespread use in community-based mother and child care programs around the world. It also builds on the expertise of the Philips Foundation, providing access to quality healthcare for underserved communities worldwide, including a program in Kenya to educate midwives to deliver ultrasound-based antenatal pregnancy screening in village clinics, while receiving telehealth support from radiologists at distance.
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LMT | Hot Stocks09:26 EST Lockheed Martin sees spending $3.5B in CapEx, R&D in 2022, says Mollard
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ACTG SSNLF | Hot Stocks09:26 EST Acacia Research announces licensing pact with Samsung for Wi-Fi 6 patents - Acacia Research (ACTG) announced that its subsidiary, Atlas Global Technologies, has granted a license to Samsung Electronics (SSNLF) related to Atlas Global's Wi-Fi 6 standard essential patents and resolved patent litigation between the two parties. Acacia's Chief Intellectual Property Officer, Marc Booth, commented, "The rapid completion of the first Atlas Global license is a testament to the strength of its portfolio of Wi-Fi 6 standard essential patents." Financial terms are confidential and will not be disclosed.
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CLOV | Hot Stocks09:26 EST Clover Health announces new Medicare Advantage network contracts - Clover Health announced it has significantly increased the breadth and depth of its provider network throughout Georgia with the addition of dozens of hospitals, health systems and key provider partners across the region. These contracts align approximately 5,000 new primary care physicians and specialists with Clover's Medicare Advantage PPO network and complement the strong existing network in the Atlanta, Savannah, and Macon markets, offering Clover members in-network access to nearly 15,000 providers statewide. Recently, the Centers for Medicare and Medicaid Services approved Clover's service area expansion to operate in 78 additional counties in Georgia. With this approved service area expansion beginning January 1, 2022, Clover's Medicare Advantage plans will be available to more than 600,000 eligible individuals in 146 of Georgia's 159 counties. Individuals eligible for Medicare in these new counties can sign up for Clover's plans during the Annual Election Period, which runs from October 15 to December 7, with coverage starting on January 1, 2022. Such significant network growth with local hospitals and health systems in Georgia demonstrates Clover's deep investment in serving the state's local Medicare population as well as the potential of Clover's technology-driven approach. Importantly, while Clover offers a strong network, the company also prides itself on the open nature of its MA plans. Clover's MA plans in Georgia have in- and out-of-network cost-sharing parity, which means that seeing a PCP costs the same for Clover members in the state regardless of whether their PCP is in Clover's network or not. One important advantage of this approach is that it often allows people to continue seeing their existing PCP rather than switching to a new one with whom they do not have an existing relationship.
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TENB IBM | Hot Stocks09:25 EST Tenable Holdings teams with IBM Security X-Force Red - Tenable (TENB) announced an expansion of its strategic relationship with IBM (IBM) Security X-Force Red to deliver comprehensive Active Directory security services that continuously detect and prevent attacks against the Active Directory and connected environment in real-time. By combining the power of Tenable.ad with X-Force Red's team of hackers, organizations can identify and disrupt attack opportunities. Active Directory is a target-rich environment that can, if left vulnerable, offer attackers a route to privilege and control of the entire domain. Leveraging Tenable.ad, the X-Force Red team provides deployment, configuration, support and tool management to identify Active Directory misconfigurations and other weaknesses. From there, the team prioritizes the highest-risk flaws based on weaponization, and manages the complete remediation process from end-to-end. "Vulnerable and misconfigured Active Directories are behind nearly every major cyberattack today. By leveraging known flaws and misconfigurations, bad actors can elevate privileges and move laterally through networks," said Mark Thurmond, chief operating officer, Tenable. "We're excited to partner with X-Force Red to find and fix Active Directory weaknesses before they become tomorrow's attack path."
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WDAY | Hot Stocks09:24 EST Workday announces Workday Scheduling and Labor Optimization solution - Workday announced its latest workforce management innovations to support frontline workers and managers, including Workday Scheduling and Labor Optimization - an intelligent, worker-first scheduling solution that matches labor demands with worker preferences. With this solution, organizations can better optimize shift schedules and empower frontline workers with flexibility and control for when and how they work. Frontline, hourly, and shift workers have been integral to the global pandemic response and essential in helping to keep the economy in motion. And while they make up a large portion of the overall global workforce, organizations struggle to recruit, support, and retain this critical segment during a time of unprecedented change. According to the recent U.S. Bureau of Labor Statistics report, a record 4.3 million workers voluntarily quit their jobs in August 2021, with nearly 40% representing frontline and hourly workers across healthcare, hospitality and leisure, and retail industries. In order to listen to and support their needs, organizations need the tools and technology to create better, more engaging experiences for frontline workers, helping organizations address worker shortages.
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XELA | Hot Stocks09:24 EST Exela announces early tender results, extension of early tender time - Exela Technologies announced that it has extended the early tender time from 5:00 p.m., New York City time, on November 9, 2021 until 11:59 p.m., New York City time, on November 24, 2021, with respect to the previously announced exchange offer by certain of its subsidiaries for Old Notes and Old Term Loans as described in the Offering Memorandum. As of the Original Early Tender Time, approximately $318.7 million, or 34.1%, of outstanding Old Notes were tendered for exchange pursuant to the Exchange Offer. Accordingly, Old Notes and Old Term Loans validly tendered and not validly withdrawn at or prior to the Extended Early Tender Time will still be eligible to receive $900 in cash per $1,000 principal amount of the Old Notes and the Old Term Loans, respectively, up to a maximum amount of $225 million in cash. As the cash offer is already oversubscribed, Old Notes and Old Term Loans validly tendered and not validly withdrawn at or prior to the Extended Early Tender Time will be accepted for cash on a pro rata basis. The remainder of Old Notes and Old Term Loans validly tendered and not validly withdrawn at or prior to the Extended Early Tender Time and not accepted for cash will be exchanged into the Issuers' 11.500% First-Priority Senior Secured Notes due 2026 on the basis of $1,000 principal amount of the New Notes for each $1,000 principal amount of outstanding Old Notes and Old Term Loans. The Company expects settlement for the Exchange Offer to occur promptly after the Expiration Time of 11:59 pm, New York City time, on November 24, 2021. The deadline to validly withdraw tenders of the Old Notes and the Old Term Loans was not extended and expired at 5:00 p.m., New York City time, on November 9, 2021.
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DLB | Hot Stocks09:23 EST Dolby introduces new Dolby.io Spatial Audio feature for developers - Dolby Laboratories introduced the new and updated Spatial Audio feature, now with Spatial Placement, as part of the Dolby.io Communications SDK. Available in closed beta, Spatial Placement enables developers to place audio objects anywhere within a virtualized three-dimensional space. With the addition of the Spatial Placement capability, the Dolby.io Communications SDK - powered by Dolby Voice technology - will help businesses and developers build real-time audio and communications experiences. "With the improved Spatial Audio feature, developers and businesses can go beyond the traditionally flat nature of virtual conversations to configure and place audio exactly where it's supposed to sound. Whether it's an online classroom, a video conference, or even a performance, the addition of Spatial Placement makes it so that, for example, if a speaker is on the left side of the screen, that's where the listener hears them speak," the company said.
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LMT | Hot Stocks09:21 EST Lockheed Martin saw $700M in higher supplier costs for August-September period
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NOTV | Hot Stocks09:21 EST Inotiv announces opening of laboratories in St. Louis facility - Inotiv announced the opening of its newly-constructed, scientific laboratories at its St. Louis facility with operations focused on supporting clients in the areas of drug metabolism & pharmacokinetics, DMPK, cell & molecular biology, pharmacology, toxicology and histopathology. "The new, state-of-the-art DMPK and cell & molecular biology laboratories, archives, and offices expands our capabilities to support clients from the earliest of drug discovery stages through clinical development," said Scott Daniels, Sr. Vice President and Site Lead of Operations. "Moreover, concurrent investments in science and technology to outfit this new construction, including upgraded mass spectrometry, flow cytometry and gene profiling platforms, effectively extends our coverage of the therapeutic landscape to include novel biotherapeutics, ranging from oligonucleotides and proteins to gene therapies." The completed project also includes expanded histology laboratory and archiving space to accommodate growth in Inotiv's pathology business that has resulted from recent increases in the discovery pharmacology footprint, as well as increased demand in development stage toxicology.
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LMT | Hot Stocks09:21 EST Lockheed Martin sees end of supply chain issues over the next year - Comments made by acting CFO John Mollard at Baird's 2021 Global Industrial Conference.
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ALEC... | Hot Stocks09:20 EST Alector presents new data from AL003, AL101 programs - Alector (ALEC) shared data from its AL003 and AL101 programs in poster presentations at the 14th Clinical Trials on Alzheimer's Disease, CTAD, conference being held November 9-12, 2021, virtually and in Boston.AL003: Phase 1 Data in Healthy Volunteers and Participants with Alzheimer's Disease. The Phase 1 INTERCEPT study is a randomized, placebo-controlled trial evaluating the safety, tolerability, pharmacokinetics , pharmacodynamics and immunogenicity of single and multiple doses of AL003 in healthy volunteers and patients with mild-to-moderate Alzheimer's disease. In this first-in-human study, AL003 showed a favorable safety and pharmacokinetic profile for once-monthly intravenous dosing. AL003 demonstrated target engagement of CD33 in both blood and central nervous system compartments at well tolerated doses. AL003 is being developed in collaboration with Abbvie (ABBV). A randomized, controlled Phase 2 trial evaluating AL003 for the treatment of early Alzheimer's disease is being planned for the second half of 2022. AL101: Interim Results from a First-in-Human Study: The Phase 1 study of AL101 enrolled a total of 55 healthy volunteers in six cohorts to test the safety, tolerability, PK, PD and bioavailability of single doses of intravenously or subcutaneously administered AL101. Study participants were randomized on a 3:8 basis to receive placebo or a single dose of AL101. AL101 was found to be generally safe and well tolerated The majority of on-study adverse events were considered mild to moderate in severity, with the most frequent AEs being headache, anemia and procedural pain. The study also established that AL101 was effectively distributed into the central nervous system. Further, study results show proof of mechanism for AL101. AL101 is being developed under Alector's collaboration with GlaxoSmithKline (GSK), and the Phase 1 study is ongoing. AL101 is the second of Alector's progranulin-elevating therapeutic agents and is designed for less frequent dosing. Data for AL003 and AL101, as well as a trial design poster for the Phase 3 INFRONT-3 clinical trial of AL001, are being presented at CTAD in poster presentations.
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OMQS | Hot Stocks09:20 EST Omniq's Dangot Computers awarded $2M order for IHCs - omniQ Corp., majority owner of Dangot Computers Ltd announced that Israel's largest HMO, serving over 4.7 million citizens has chosen Dangot to provide its Intelligent Healthcare Carts to be used in customer's 14 Hospitals, and over 2,000 clinics. The Customer serves over 50% of the Israeli population with clinics and hospitals all over the country is known for its quality, innovation and achieving JCI Accreditation. JCI is a non-for-profit organization that certifies hospitals worldwide based on their high-quality standards and safety, and requires rigorous audits and quality compliance.
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DORM | Hot Stocks09:18 EST Dorman Products announces 445 new products for November - Dorman Products is announcing the release of 445 new auto parts, including 198 new-to-the-aftermarket parts that advance the company's mission to give repair professionals and vehicle owners greater freedom to fix a wide range of cars and trucks. Dorman continues to provide consumers an aftermarket choice for common failures on millions of vehicles. November's new solutions include direct-replacement engine fuel lines for over 13 million high-mileage Chevrolet and GMC vehicles, and a lower intake manifold designed to replace the original manifold on almost nine million Chrysler, Dodge, Jeep, and Ram models equipped with specified V6 engines.
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RRR | Hot Stocks09:18 EST Red Rock Resorts to purchase Class A shares, declares $3.00 special dividend - Red Rock Resorts announced that it commenced a "modified Dutch Auction" tender offer to purchase up to $350M in aggregate purchase price of its issued and outstanding shares of Class A Common Stock, par value $0.01 per share, or such lesser aggregate purchase price of Shares as are properly tendered and not properly withdrawn, at a price not greater than $53.00 nor less than $46.00 per Share to the seller in cash, less any applicable withholding taxes and without interest. The tender offer is being made in accordance with the terms and subject to the conditions described in the offer to purchase, the related letter of transmittal and other related materials, as each may be amended or supplemented from time to time. In addition, the company announced that its Board of Directors has declared a special cash dividend of $3.00 per share. The Special Dividend is payable to shareholders of record on November 23, and is expected to be paid on December 22. Shareholders will be entitled to the Special Dividend whether or not they tender their Shares pursuant to the tender offer provided they hold such Shares on the record date. Because shareholders will remain the holder of any Shares they tender until the tender offer expires and the company accepts any such Shares for payment, shareholders will receive the Special Dividend even if they tender their Shares prior to the record date. However, shareholders that acquire any Shares after the record date for the Special Dividend and subsequently tender such Shares pursuant to the tender offer will not receive the Special Dividend with respect to such Shares.
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TRP HYZN | Hot Stocks09:18 EST TC Energy, Hyzon Motors enter hydrogen modular production hub agreement - Hyzon Motors (HYZN) and TC Energy Corporation (TRP) announced an agreement to collaborate on development, construction, operation, and ownership of hydrogen production facilities across North America. The hydrogen production facilities will be used to meet hydrogen fuel cell electric vehicle demand by focusing on low-to-negative carbon intensity hydrogen from renewable natural gas, biogas and other sustainable sources. The facilities will be located close to market demand, supporting Hyzon back-to-base vehicle deployments. Under the agreement, the companies will evaluate sites across multiple states and provinces to develop hydrogen production facilities with the goal of hydrogen delivery to fuel heavy duty vehicles. The hubs will be prioritized near existing and potential customer demand with a goal to produce up to 20 tonnes of hydrogen per hub per day. TC Energy will operate the hubs, supply the power and gas commodities, and provide asset development, management services, and power and gas sales marketing.
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ZYXI | Hot Stocks09:16 EST Zynex declares special cash dividend of 10c per share, stock dividend of 10% - Zynex has declared a one-time special cash dividend of 10c per share and a stock dividend of 10% per share. Both dividends are on its Common Stock. The dividends are payable to all common stockholders of record as of the close of business on January 6, 2022, payable on or about January 21, 2022. Based on the current number of shares outstanding the cash dividend is expected to result in an aggregate distribution of approximately $3.5M. The stock dividend will result in an issuance of approximately 3.5 million additional shares of common stock.
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NNWWF | Hot Stocks09:16 EST North West Company announces renewal of NCIB - The North West Company announced that the Toronto Stock Exchange has accepted notice of the Company's intention to make a normal course issuer bid for a portion of its common voting shares and variable voting shares as appropriate opportunities arise from time to time. The board of directors of the Company believes that the purchase by the Company of a portion of its outstanding Shares may from time to time be an appropriate use of available resources and in the best interests of the Company. Pursuant to the NCIB notice filed with the TSX, the Company may acquire up to a maximum of 4,773,508 of its Shares, or approximately 10% of its public float as of October 31, 2021 for cancellation over the next 12 months. As of October 31, 2021, the Company had 48,055,854 issued and outstanding Shares. Purchases under the NCIB will be made through the facilities of the TSX or through Canadian alternative trading systems and in accordance with applicable regulatory requirements at a price per Share equal to the market price at the time of acquisition. The number of Shares that can be purchased pursuant to the NCIB is subject to a current daily maximum of 27,057 Shares, subject to the Company's ability to make one block purchase of Shares per calendar week that exceeds such limits. In connection with the NCIB, the Company has established an automatic securities purchase plan with its designated broker to facilitate the purchase of Shares under the NCIB at times when the Company would ordinarily not be permitted to purchase its Shares due to regulatory restrictions or self-imposed blackout periods. Under the Plan, before entering a self-imposed blackout period, North West may, but is not required to, ask the designated broker to make purchases under the NCIB within specified parameters. Outside of the pre-determined blackout periods, Shares may be purchased under the NCIB based on the discretion of the Company's management, in compliance with TSX rules and applicable securities laws. The Company may elect to suspend or discontinue its NCIB at any time. The automatic securities purchase plan will be effective as of November 12, 2021.
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FTXP | Hot Stocks09:15 EST Foothills Exploration announces results for Phase 1 soil geochemical survey - Foothills Exploration announces that it has received "encouraging" results for Phase 1 of its previously announced soil geochemical survey on a portion of the Company's acreage in the Beaver Creek East, BCE, project in Fremont County, Wyoming. The BCE soil hydrocarbon geochemical survey carried out over approximately 20 square miles of the Company Exploration Development Area in Fremont County, Wyoming has successfully documented oil and gas microseeps that will help focus the Company's Master Drilling Plan Development. "The initial results of our geochemical program at Beaver Creek East are quite promising and support our geological and technical analysis," said Kevin Sylla, the Company's Executive Chairman. "We look forward to the next phase of the geochemical program coupled with our 2-D seismic interpretation currently underway as we further evaluate the best locations for our drilling program," continued Sylla.
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LZ | Hot Stocks09:14 EST LegalZoom acquires Earth Class Mail, terms not disclosed - LegalZoom.com has acquired Earth Class Mail, Inc., a virtual mailbox solution for small businesses. The acquisition of Earth Class Mail advances LegalZoom's strategy by providing small businesses with a comprehensive set of tools and services to streamline their operations and minimize time spent on compliance, allowing them instead to focus on what really matters, forming and running their business. In a recent study, 80% of small business owners said automating tasks and processes is important to their survival. Three out of four small businesses said they relied more on automated workflows now compared to before the pandemic. Founded in 2004, Earth Class Mail makes postal mail paperless, easy and accessible 24/7 from any device, anywhere in the world. Its modern technology infrastructure with an open API makes it simple for customers to connect seamlessly to back-end financial management and document storage systems, saving time, reducing errors, and democratizing access to information. In the near-term, LegalZoom customers will be able to add a Virtual Mailbox when they form their business and declare a business address. This service will complement LegalZoom's Registered Agent suite of services and unlock significant platform synergies to provide small business owners with a seamless solution to address operational needs.
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IFMK BABA | Hot Stocks09:14 EST iFresh enters a Master Product Supply Agreement with Alibaba.com, Tmall Global - iFresh (IFMK) announced it has entered into a Master Product Supply Agreement with Alibaba.com (BABA) Singapore E-Commerce Private. This Agreement establishes a cross-border trade partnership, enabling iFresh to sell American food and products to China via Tmall Global's cross-border e-commerce platform. Now it is formally launched on the cross-border e-commerce platform. Under the terms of the Agreement, iFresh will bring American food and products to Tmall Global, including products like infant formula, dried fruit, coffee, and other snacks. The products will be sent to Tmall Global's overseas warehouse in the US. Based on each sales order, Tmall Global will provide one-stop control and the management service of sorting, packaging, and distribution. Long Deng, Chairman of iFresh, commented, "Selling cross-border is the perfect opportunity for American food and products to enter the Chinese market quickly. We will work with China's leading cross-border e-commerce B2C platform from Alibaba Group through this Agreement, allowing us to make our vision of scaling iFresh to the global market a reality. This Agreement with Tmall Global marks our collaboration with its overseas warehouse to drive massive growth of our wholesale product sales. We are confident that the partnership will help accelerate iFresh into new global markets while benefiting the Company's financial performance, creating exceptional value for our shareholders."
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VZ | Hot Stocks09:13 EST Verizon Connect data show reduced speeding up to 86% - In addition to providing customers with the solutions that can help businesses be more efficient and productive, recent analysis of anonymized usage data from Verizon Connect showed how customers can transform their business using the comprehensive Verizon Connect fleet management software platform. According to the 2021 study, Verizon Connect customers can see significant improvements through cost reductions, a focus on driver safety and reduction of vehicle idling which is a source of CO2 and other greenhouse gas emissions. The data analysis from more than 1,800 active customers showed that using Verizon Connect helped customers lower emissions and promoted safe driving. The data also showed that active customers experienced improvements related to driver safety including: Speeding: up to 34% average monthly reduction; Harsh driving events: up to 26% average monthly reduction; Idling: up to 9% average monthly reduction.
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HSDT | Hot Stocks09:12 EST Helius Medical announces pricing of $9.6M underwritten public offering - Helius Medical Technologies announced the pricing of an underwritten registered public offering of 1,204,375 shares of its common stock at a price to the public of $8.00 per share. All of the shares of common stock to be sold in the offering will be sold by the Company. In addition, the Company has granted the underwriter a 45-day option to purchase up to an additional 180,656 shares of its common stock at the public offering price less the underwriting discount. The gross proceeds to the Company from this offering, before deducting underwriting discounts and commissions and offering expenses, but excluding any exercise of the underwriters' option to purchase additional shares, are expected to be approximately $9.6 million. The offering is scheduled to close on or about November 12, 2021, subject to customary closing conditions. The Company intends to use the net proceeds from this proposed offering for funding operations, working capital and other general corporate purposes.
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VLD | Hot Stocks09:12 EST Velo3D expands European presence with technical center in Germany - Velo3D rts has expanded its European presence to support its growth efforts in the region. The expansion includes the opening of a technical center in Augsburg, Germany, where Velo3D's Sapphire systems will be assembled and demonstrated, as well as delivering the first end-to-end manufacturing solution to Schoeller-Bleckmann Oilfield SBO Technology, a European contract manufacturer specializing in the production of high-value metal parts for the oil and gas industry. Both companies will be at Formnext 2021, the leading additive manufacturing conference in Europe, taking place on November 16-19 in Frankfurt, Germany.
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TLS SNX | Hot Stocks09:11 EST Telos announces channel agreement with DLT Solutions - Telos (TLS) announced that the Telos solutions portfolio has been added to "some of the nation's largest public sector contract vehicles" through the company's channel agreement with DLT Solutions, a wholly-owned subsidiary of Tech Data Corporation and part of the TD SYNNEX (SNX) family, who is the premier government solutions aggregator that specializes in understanding the information technology needs of the U.S. federal, state, local and education markets. DLT will offer Telos solutions across its channel ecosystem and through the company's OMNIA Partners Public Sector Software IDIQ, National Cooperative Purchasing Alliance - Systems and Information Management Software and The Interlocal Purchasing System contracts. DLT will add Telos' cybersecurity portfolio to select federal contract vehicles the company holds in the coming months.
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BJDX | Hot Stocks09:09 EST Bluejay Diagnostics announces pricing of upsized $21.6M IPO - Bluejay Diagnostics announced the pricing of an underwritten Initial Public Offering of 2,160,000 units, at a combined price per unit of $10.00, consisting of: One share of common stock, One Class A warrant to purchase one share of our common stock at an exercise price equal to $7.00 per share, exercisable until the fifth anniversary of the issuance date, One Class B warrant and together with the Class A Warrants, to purchase one share of our common stock at an exercise price equal to $10.00 per share, exercisable until the fifth anniversary of the issuance date, which contains an exchange feature that will permit the holder to exchange the warrant into common stock on a one-for-one basis any time commencing the earlier of 10 days from the warrant issuance date or the time when $10 million of volume is traded in the common stock, if the volume weighted average price of the common stock on any trading day on or after the date of issuance fails to exceed the exercise price of the Class B warrants. In addition, the Company granted the underwriters a 45-day option to purchase up to an additional 324,000 shares of common stock, 324,000 Class A warrants and 324,000 Class B Warrants, in any combinations thereof, to cover over-allotments, if any. The shares of the Company's common stock will separate from the unit and immediately begin trading on the Nasdaq Capital Market on November 10, 2021 under the ticker symbol "BJDX". The Company does not intend to apply for any listing of either of the warrants on the Nasdaq Capital Market or any other securities exchange or nationally recognized trading system, and it does not expect a market to develop for such securities. The closing of the offering is expected to take place on or about November 12, 2021, subject to the satisfaction or waiver of customary closing conditions. Gross proceeds to Bluejay from this offering are expected to be approximately $21.6 million, before deducting underwriting discounts and commissions. Bluejay anticipates using the net proceeds from the offering to support development and marketing of its IL-6 Sepsis triage product candidate and general corporate purposes.
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UA... | Hot Stocks09:09 EST Under Armour selects AWS as preferred cloud provider for SAP environments - Amazon Web Services (AMZN) announced that Under Armour, Inc. (UA,UAA) has selected AWS as its preferred cloud provider for SAP to increase resilience, enhance security, and provide more significant insights across its business. The athletic performance brand completed the migration of its SAP environments to AWS earlier this year, providing the foundation for improving performance and visibility across its design, merchandising, planning, manufacturing, supply chain, and sales distribution channels. Under Armour will now integrate its SAP environments with AWS's broad and deep set of technologies, including analytics, machine learning, compute, and storage. Powered by the world's leading cloud, this modernization brings a range of AWS capabilities to fuel innovation in areas like 3D apparel and footwear design, digitally connected footwear and apparel, resource-efficient production, direct-to-consumer sales, and global wholesale distribution.
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STEP | Hot Stocks09:08 EST Stepstone closes third tactical growth fund with over $690M capital commitments - StepStone announced the final closing of StepStone Tactical Growth Fund III, raising more than $690M of commitments. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisors for the formation of the fund. The fund includes limited partners from around the world, including, public and corporate pension plans, insurance companies, endowments and foundations, family offices, high net worth individuals, and financial services and advisory firms. StepStone partners Brian Borton, Andrew Callahan and John Coelho are the fund's managers. Following StepStone's recent acquisition of Greenspring Associates, the firm now has more than 70 investment professionals dedicated to venture capital and growth equity investing. John Coelho commented, "The rapid pace of innovation in the technology sector continues to generate compelling opportunities for venture capital and growth equity investors. We are excited to announce our third tactical growth fund, and fortunate to have the support of some of the most sophisticated limited partners in the world. They have shown tremendous enthusiasm for our strategy-one that seeks to capture the upside of technological innovation, while mitigating risk through our opportunistic approach. The addition of our new colleagues from Greenspring will only enhance the opportunities and relationships available to us as we deploy our investors' capital."
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TWLO... | Hot Stocks09:07 EST Twilio names Eyal Manor chief product officer, Dana Wagner chief legal officer - Twilio (TWLO) announced two additions to its leadership team. Eyal Manor is joining as chief product officer, effective November 15 and Dana Wagner is joining as chief legal officer, effective December 13. Manor will oversee the execution of Twilio's future product roadmap, working to deliver on its vision to build the leading customer engagement platform. Wagner will lead the company's legal, government affairs, regulatory compliance, and privacy teams as Twilio continues to expand and scale globally. Both Manor and Wagner will join Twilio's executive management team, and Wagner will become its corporate secretary. Manor will report to Twilio's co-founder and CEO Jeff Lawson and Wagner will report to Twilio's COO Khozema Shipchandler. Eyal Manor joins Twilio from Google (GOOG) where he was VP and GM of engineering and product. Wagner will be joining Twilio from Impossible Foods, where he was chief legal officer and corporate secretary and oversaw the company's legal, policy, quality control and security operations.
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DRRX | Hot Stocks09:06 EST Durect doses first ex-US patient in Phase 2b study of hepatits candidate - Durect dosed the first ex-U.S. patient in Australia as part of its AHFIRM randomized, double-blind, placebo-controlled, multi-center Phase 2b study to evaluate the safety and efficacy of larsucosterol in severe alcohol-associated hepatitis patients. Enrollment is ongoing in the Phase 2b study in subjects with severe acute alcohol-associated hepatitis to evaluate saFety and effIcacy of larsucosterol treatMent - AHFIRM -. The primary outcome measure is 90-day survival rate for patients treated with larsucosterol compared to those treated with placebo plus SOC. The FDA has granted larsucosterol Fast Track Designation for the treatment of AH. AH is a life-threatening acute alcohol-associated liver disease often caused by chronic heavy alcohol and a recent period of increased alcohol consumption.
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ACN | Hot Stocks09:06 EST Accenture Federal Services wins $618M U.S. Marshals service task order - Accenture Federal Services, AFS, a subsidiary of Accenture has been awarded a $618M cost plus award fee task order to enhance and modernize the United States Marshals Service's, USMS, mission-critical IT systems. The USMS supports the federal justice system with protecting the federal judiciary, apprehending federal fugitives, transporting federal prisoners, and other law enforcement duties. Under the seven-year task order, awarded through the Alliant 2 Governmentwide Acquisition Contract, GWAC, AFS builds upon a previous five-year USMS task order for program management and IT application development services. This scope of work includes a continuation of case management modernization along with expanded advanced analytics, mobile application development, cloud, biometrics, and geospatial capabilities. The comprehensive, integrated technology effort supports the agency in continuing to roll out emerging technologies, such as automation, with the goal of retiring outdated legacy systems, enhancing security, and reducing costs.
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IPOOF | Hot Stocks09:06 EST InPlay Oil sees solid foundation entering into Q4, 2022 - The company said, "The Company's operational success in the Cardium and record results achieved during the quarter provide a solid foundation entering into the fourth quarter and looking forward to 2022. The increase in commodity prices and the pending addition of the Prairie Storm assets has the Company extremely well positioned financially and operationally going into 2022. Our updated pro-forma 2021 post-acquisition corporate guidance for 2021 and preliminary post-acquisition corporate outlook for 2022 remain unchanged. Please refer to our press release dated September 28, 2021 for further details. We are very excited to begin integrating the Prairie Storm assets into our business and look forward to continuing to deliver the same operational excellence that we have previously delivered in our existing Cardium assets. The Company looks forward to executing on our strategy to generate measured production per share growth combined with strong free adjusted funds flow, debt reduction and maximizing returns to shareholders."
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VIAC... | Hot Stocks09:02 EST ViacomCBS announces new global deal with Twitter - ViacomCBS (VIACA, VIAC) and Twitter (TWTR) announced a new, multi-year global agreement to deliver premium digital content around ViacomCBS' biggest live events, hit shows and iconic franchises from the company's leading portfolio of entertainment, news and sports brands, including BET, CBS Television Network, CBS News, CBS Sports, Channel 5, CMT, Comedy Central, MTV, Network 10, Nickelodeon, Paramount Network and Telefe. Paramount+ will also host three Twitter Watch Parties, in partnership with Twitter, to bring fans together, fuel conversation and build community around select highly anticipated original series. Each of the tentpole programs will be eligible for Twitter marketing support and brand sponsorship sales rights via Twitter's Amplify program, which marries ViacomCBS' premium video with Twitter's paid reach and targeting. ViacomCBS will also tap into a broad range of Twitter marketing features from live video and real-time highlights to Twitter Moments. The partnership covers all global markets in which Twitter and ViacomCBS operate. Financial terms of the agreement were not disclosed.
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WMT | Hot Stocks09:01 EST Level Home merges with Dwelo, secures $100+M Series C - Level Home announced that it has acquired and merged with Dwelo. With the addition of Dwelo, Level now offers a world-class smart home platform of integrated hardware and software solutions for all residential properties, including both single-family and multifamily units. Dwelo's software and service platform, the multifamily industry's first, enables owners to offer smart home experiences to their residents, while optimizing their operations. Dwelo's suite of in-unit and property-wide smart technology solutions have helped it achieve industry leadership, including a recent acquisition of Vivint's multifamily division. With Dwelo, Level's industry-defining locks will now be introduced to multifamily, where the Level locks' superior experience, suitability for retrofits, and operational efficiency are expected to make them the multifamily industry's most popular access hardware. In addition to the Dwelo acquisition, Level has also raised a $100+ million Series C round led by Cox Communications, with participation by Walmart. Level has raised a total of $171 million to date and the new capital will support continued product creation, platform development, and expand the value for residents and managers across single-family, vacation rentals, and multifamily real estate
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ENLV | Hot Stocks09:00 EST Enlivex authorized to expand Phase IIb Allocetra trial by Spanish AEMPS - Enlivex Therapeutics announced that the Spanish Agency of Medicines and Medical Devices, AEMPS, has authorized the expansion of the Company's Phase IIb trial evaluating Allocetra in severe and critical COVID-19 patients with acute respiratory distress syndrome, ARDS, to sites in Spain. The placebo-controlled trial, which is currently enrolling patients at clinical trial sites in Israel, is expected to recruit up to 152 severe or critical COVID-19 patients. It is designed to assess the safety and efficacy of Allocetra when administered in addition to standard of care treatment. The trial's two primary endpoints are ventilation-free survival and recovery for each of the two sub-populations of patients in the study. Oren Hershkovitz, Ph.D., CEO of Enlivex, commented, "We are very pleased to have regulatory clearance to expand our COVID-19 trial to Spain. We believe AEMPS' decision to authorize this expansion, together with their prior decision authorizing the expansion of our sepsis trial, speaks to Allocetra's broadly applicable mechanism of action, the strength of our clinical datasets, and the rigor of our study designs and manufacturing process. The inclusion of several European countries in our ongoing clinical trials is an important component of our regulatory strategy, and one that we plan to continue executing by working with regulatory agencies in additional countries."
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LEVL | Hot Stocks09:00 EST Level One Home merges with Dwelo, secures $100+M Series C - Level Home announced that it has acquired and merged with Dwelo. With the addition of Dwelo, Level now offers a world-class smart home platform of integrated hardware and software solutions for all residential properties, including both single-family and multifamily units. Dwelo's software and service platform, the multifamily industry's first, enables owners to offer smart home experiences to their residents, while optimizing their operations. Dwelo's suite of in-unit and property-wide smart technology solutions have helped it achieve industry leadership, including a recent acquisition of Vivint's multifamily division. With Dwelo, Level's industry-defining locks will now be introduced to multifamily, where the Level locks' superior experience, suitability for retrofits, and operational efficiency are expected to make them the multifamily industry's most popular access hardware. In addition to the Dwelo acquisition, Level has also raised a $100+ million Series C round led by Cox Communications, with participation by Walmart. Level has raised a total of $171 million to date and the new capital will support continued product creation, platform development, and expand the value for residents and managers across single-family, vacation rentals, and multifamily real estate.
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CNR | Hot Stocks08:58 EST Cornerstone Building Brands to acquire Union Corrugating Holdings - Union Corrugating Company Holdings announced that it has entered into a definitive agreement to be acquired by Cornerstone Building Brands. Cornerstone Building Brands is the largest manufacturer of exterior building products for residential and low-rise non-residential buildings in North America. The acquisition is subject to regulatory approval and customary closing conditions and is expected to be finalized later this year.
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ALGM VEC | Hot Stocks08:58 EST Allegro MicroSystems announces changes to board of directors - Allegro MicroSystems (ALGM) announced the appointment of Susan Lynch to Allegro's Board of Directors and its Audit Committee, replacing Christine King, who is leaving the board. Both of these changes are effective immediately. Susan Lynch joins Allegro's Board of Directors with more than 25 years of financial experience. Lynch currently serves as the Senior Vice President and Chief Financial Officer at Vectrus (VEC)
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VIVO | Hot Stocks08:56 EST Meridian Bioscience receives FDA EUA for Revogene SARS-CoV-2 assay - Meridian Bioscience announced that their Revogene SARS-CoV-2 assay was granted Emergency Use Authorization by the U.S. FDA. Meridian expects to begin shipping this product before the end of its fiscal first quarter, ending December 31.
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MBIO | Hot Stocks08:56 EST Mustang Bio announces exclusive worldwide license agreement with LUMC - Mustang Bio announced that the company has executed an exclusive license agreement with Leiden University Medical Centre, LUMC, for a first-in-class ex vivo lentiviral gene therapy for the treatment of RAG1 severe combined immunodeficiency, RAG1-SCID. The therapy, which includes low-dose conditioning prior to reinfusion of the patients' own gene-modified blood stem cells, is currently being evaluated in a Phase 1/2 multicenter clinical trial in Europe. The ongoing clinical trial recently enrolled its first patient, and additional clinical sites are expected to be added in the near future. The RAG1-SCID program has been granted Orphan Drug Designation by the European Medicines Agency. Mustang also established an ongoing partnership with Frank Staal, Ph.D., professor of Molecular Stem Cell Biology and molecular immunologist. Manuel Litchman, M.D., President and Chief Executive Officer of Mustang said, "We are excited to add RAG1-SCID to the Mustang portfolio as it enables us to leverage our lentiviral gene therapy expertise and experience and our state-of-the-art cell processing facility. Mustang is establishing itself as the leader in developing treatments for patients with severe combined immunodeficiency, an area of high unmet need. We have made great progress in moving our XSCID therapy into a registrational trial and look forward to similarly advancing this RAG1-SCID therapy to make it available for patients in need of life-saving treatment."
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HUDI | Hot Stocks08:54 EST Huadi International announces cooperation agreement with Zhejiang Lanneng - Huadi International announces that the Company entered into a strategic cooperation framework agreement on October 28, 2021 with Zhejiang Lanneng Gas Equipment to jointly develop and produce high-pressure hydrogen storage tank stainless steel pipe. Pursuant to the Agreement, both parties will start off using their respective resources advantages to formulate a manufacturing plan of the high-pressure hydrogen storage tank stainless steel pipe. Then, HUDI will be responsible for producing the stainless steel liner pipes and delivering qualified liner pipes to Lanneng according to the manufacturing plan. Lanneng will complete the production of the high-pressure hydrogen storage tank with liner pipes wrapped by carbon fiber. Di Wang, Chairman of the Company, commented: "We are excited to work with Lanneng under the framework of this cooperation agreement. Our cooperation targets on the development and production of hydrogen energy storage tank, which could be used for the new energy vehicles. In recent years, we have seen a substantial market switch from traditional fuel vehicles to new energy vehicles such as electronic vehicles. I believe the new energy vehicles will become the next super-hot sector, as it has more endurance and replenishment capacities comparing to the fuel vehicles. We are initiatively focusing on the technology of tankage in China and will show our business prospect in the vehicle industry in the future. We believe new energy vehicle is the trend for the coming future.
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NUVSF | Hot Stocks08:54 EST Nuvista Energy sees 2022 capex C$290M-C$310M - Our 2022 budget is anticipated to achieve our significant growth objectives in production and cashflow while enabling a continued material reduction in net debt. At current strip prices, NuVista's 2022 free cash flow is projected to be approximately $315 million. 100% of free cash flow will be directed towards debt reduction until our net debt is reduced below $400 million. This is expected to be achieved as early as the second quarter of 2022. Free cash flow remaining after passing below this milestone is anticipated to be allocated between further debt reduction, return of capital to shareholders and continued optimization of the business. The specific nature of shareholder return will be determined and communicated as this milestone approaches. Sees production 65,000-68,000 boe/d.
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PRTG | Hot Stocks08:52 EST Portage Biotech hosting KOL webinar on iNKT cells - Portage Biotech announced that it will host a key opinion leader, KOL, webinar on the role iNKT cells play in anticancer immune response and how iNKT targeting can be leveraged to expand the immuno-oncology landscape, Thursday, November 18, 2021, at 10a.m. Eastern Time.The webinar will feature presentations by Mitchell Kronenberg, Ph.D., from the La Jolla Institute for Immunology, and Anastasios Karadimitris MBBS, Ph.D. MRCP FRCPath, from Imperial College London. Dr. Kronenberg will provide an overview on invariant natural killer T cell, iNKT, cells and their mechanism of action to enable multiple parts of the immune system to attack and kill cancer. Dr. Karadimitris will discuss the current iNKT clinical data landscape. Portage Biotech's Chief Executive Officer and Director Ian Walters, M.D., MBA, will then discuss the company's novel clinical development strategy and timing of data from its ongoing clinical trials.
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NMIH | Hot Stocks08:51 EST NMI Holdings integrates with OpenClose - National Mortgage Insurance, the primary operating subsidiary of NMI Holdings, is now integrated with OpenClose, a fintech provider offering mortgage lenders a browser-based loan origination software, LOS, suite. With the integration, lenders can access National MI's Rate GPS rate quotes via the OpenClose LenderAssist LOS and order mortgage insurance directly through the OpenClose platform. "National MI's integration with OpenClose provides lenders with a true end-to-end, multi-channel LOS and application programming interface suite, enabling an efficient mortgage insurance quoting and ordering process," said National MI Chief Sales Officer Norm Fitzgerald. "OpenClose allows National MI customers to originate loans more seamlessly, and we're proud to team up with them."
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BBKCF | Hot Stocks08:49 EST Bigg Digital Assets announces it has fully integrated Syscoin into its ecosystem - BIGG Digital Assets, owner of Blockchain Intelligence, announces it is the first blockchain analytics service to fully integrate Syscoin - a third generation blockchain - into its ecosystem. Syscoin is developed by Blockchain Foundry. Syscoin, a proof-of-work blockchain with a hashrate second only to Bitcoin, is a computing platform combining both Ethereum and Bitcoin protocol into one system.
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VMAC | Hot Stocks08:47 EST Vistas Media announces contribution to trust, extend combination deadline - Vistas Media Acquisition announced that, on November 9, 2021, its sponsor, Vistas Media Sponsor, timely deposited an aggregate of $1,000,000, representing 10c per public share, into VMAC's trust account in order to extend the date by which VMAC has to consummate a business combination from November 11, 2021 to February 11, 2022. The Extension provides VMAC with additional time to complete its proposed business combination with Anghami, the leading music streaming platform and service in the Middle East and North Africa. The Sponsor loaned the Extension Payment to VMAC in exchange for a promissory note in the amount of the Extension Payment. The loan under the promissory note is non-interest bearing and will be repaid upon the consummation of the proposed business combination. The business combination is expected to be consummated in the fourth quarter of 2021, subject to, among other things, the approval of the transaction by VMAC's stockholders, satisfaction of the conditions stated in the definitive business combination agreement and other customary closing conditions, including that the U.S. Securities and Exchange Commission completes its review of the proxy statement/prospectus relating to the transaction, the receipt of certain regulatory approvals, and the approval by The Nasdaq Stock Market to list the securities of the combined company.
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OMCL | Hot Stocks08:45 EST Omnicell and Fresenius Kabi team to enhance controlled substances management - Omnicell, and Fresenius Kabi, a global health care company that specializes in medicines and technologies for infusion, transfusion, and clinical nutrition, are collaborating to provide U.S. hospitals and health systems with innovative new pharmacy technology designed to support safety and efficiency in dispensing of controlled substances in patient care areas. Omnicell's Controlled Substance Dispenser, CSD, is a leading high-volume, automated single dose dispensing solution designed to help pharmacies better manage controlled substances, reduce diversion, and save nursing time. By providing only one dose at a time, the CSD is designed to eliminate the need for countbacks and decrease the time required to resolve discrepancies to provide nurses more time for direct patient care and discourage diversion.
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HEPA | Hot Stocks08:44 EST Hepion Pharmaceuticals announces results of Phase 2a NASH trial at Liver Meeting - Hepion Pharmaceuticals announced that results from its Phase 2a 'AMBITION' NASH trial will be available as an e-poster at the Liver Meeting 2021, hosted by the American Association for the Study of Liver Diseases, AASLD, to be held virtually November 12-15, 2021. Poster Details: Title: "Investigating CRV431 in NASH Patients: Data from the Phase 2a AMBITION Study." Lead Author: Stephen Harrison, MD.
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HEPA | Hot Stocks08:44 EST Hepion announces poster of results on CRV431 to be at Liver Meeting - Hepion Pharmaceuticals announced that results from a study conducted by Dr. Philippe Gallay's research group at The Scripps Research Institute examining the anti-tumor mechanism of the Company's lead drug candidate, CRV431, will be available as an e-poster at the Liver Meeting 2021, hosted by the American Association for the Study of Liver Diseases, to be held virtually November 12-15, 2021. Poster Details: Title: "Cyclophilin D Knockout Significantly Prevents HCC Development in a Streptozotocin-Induced Mouse Model of Diabetes-Linked NASH."
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VALN DVAX | Hot Stocks08:44 EST Valneva announces EC approval of advance purchase agreement for COVID vaccine - Valneva SE (VALN) announced that the European Commission has approved an agreement pursuant to which Valneva would supply up to 60 million doses of VLA2001, its inactivated COVID-19 vaccine candidate, over two years including approximately 27 million doses in 2022. Under the current terms of the agreement, the EC has the option to increase its initial purchase, in 2022, of VLA2001 up to a total of 60 million doses by the end of 2023. The agreement will be completed following final review, including volumes required, by each of the European Union Member States. Today's announcement follows the conclusion of advanced exploratory talks with the European Commission that began in January 2021. Delivery of the vaccine is currently expected to begin in April 2022, subject to approval by the European Medicines Agency human medicines committee, which is expected to start a rolling review of VLA2001 shortly. Thomas Lingelbach, CEO of Valneva, said, "We are grateful to the European Commission for its support and are eager to help address the ongoing pandemic. We continue to receive messages from people across the world who are waiting for an inactivated vaccine. We are deeply committed to bringing an alternative vaccine solution to the market as quickly as possible and continue to work tirelessly to achieve that. Our Phase 3 results confirmed the advantages often associated with inactivated vaccines and we continue to believe that our differentiated vaccine candidate could make an important contribution to the global fight against the COVID-19 pandemic." CpG 1018 adjuvant, supplied by Dynavax Technologies (DVAX), is a component of the US FDA- and EMA-approved HEPLISAV-B vaccine, the company noted.
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BKTI | Hot Stocks08:42 EST BK Technologies gets order for 500 KNG2 Series radios from Cal Fire - BK Technologies announced that the California Department of Forestry and Fire Protection has placed an order for 500 of BK's KNG2 Series radios for purchase and deployment. BK's President, Tim Vitou, commented, "We are pleased to have this opportunity to continue to support CAL FIRE's portable communications needs with our KNG2 Series radios. The agency's fire professionals play a critical role keeping Californians safe from the dangerous wildfires we've all seen on the news, and with their vast geographic area of responsibility, including non-fire rescue and emergency services, it is integral that CAL FIRE's communications technology is robust and reliable to ensure effective and secure field operations. We're delighted to provide our KNG2 Series portable communications technology to help CAL FIRE in its mission to keep local communities safe and protected during fire emergencies as well as other situations requiring emergency response efforts."
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BKBEF | Hot Stocks08:42 EST Pipestone Energy sees 2023 production 37,000-40,000 boe/d
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BKBEF | Hot Stocks08:42 EST Pipestone Energy sees 2022 production 34,000-36,000 boe/d - In 2022, Pipestone plans to spend $180 - $200 million, which includes 21 wells drilled, and 24 wells completed, equipped, and brought on production. This capital program is forecast to drive full year average 2022 production of 34,000 - 36,000 boe/d. At the guidance range midpoint, Pipestone forecasts generating cash flow of $340 million and free cash flow of $150 million at US$70 WTI $3.50 AECO
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IINN | Hot Stocks08:42 EST Inspira Technologies files PCT patent application for blood oxygenation - Inspira Technologies has filed a Patent Cooperation Treaty patent application for its novel dual lumen cannula, accompanying an extracorporeal respiratory life support/saving system aimed at rebalancing patient's oxygen saturation and carbon dioxide levels. The cannula is specifically designed to prevent air embolisms and reduce human error. The patent application has been submitted to the World Intellectual Property Organization, WIPO. Inspira Technologies' dual lumen cannula is designed to reduce complications such as bleeding and infection, improving patient outcomes.
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BKBEF | Hot Stocks08:41 EST Pipestone Energy sees 2021 production 24,000-26,000 boe/d
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SKY | Hot Stocks08:40 EST Skyline Champion announces new home building facility in Texas - Skyline Champion announced its newest home building facility in Navasota, Texas. The 270,000 square-foot plant located in southeast Texas reflects the company's commitment to deliver homes across North America. As previously announced, the facility was acquired in June and the operation has been retooled. Hiring is underway, and the first production line will be operational this year. The company anticipates opening a second line as the supply chain allows, while eventually growing the total operation to over 250 employees, becoming one of the largest employers in Navasota.
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CNEY | Hot Stocks08:39 EST CN Energy establishes new subsidiary to expand into water purification market - CN Energy plans to expand into the dollar water purification market. The global water purification market is projected to grow from $29.12B in 2021 to $47.53B in 2028 at a CAGR of 7.2% in the forecast period, 2021 to 2028. It has established a new subsidiary to focus on this new market opportunity in order to participate in this expanding market. The new subsidiary, Zhejiang CN Energy, is located in the Economic and Technological Development Zone of Lishui City, Zhejiang Province. Construction is underway on facilities for manufacturing, R&D, sales and marketing, and corporate operations, with a targeted annual output capacity of 36,000 tons of high-precision fine wading activated carbon.
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VECT | Hot Stocks08:39 EST Vectivbio announces upcoming milestones - Apraglutide for SBS-IF: In June, VectivBio initiated STARS Nutrition study. The Company is on track to report interim results in the first half of 2022. Apraglutide for aGVHD: VectivBio expects the first patient to enter the STARGAZE trial during the first quarter of 2022, with interim data expected in the second half of 2022. Apraglutide previously received orphan drug designation by the FDA for the prevention of aGVHD in June 2021. CoMET Platform: VectivBio plans to initiate a first-in-human trial of VB-1197, the first candidate from the CoMET platform, in 1Q 2023
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CRL | Hot Stocks08:38 EST Charles River proposes partnership with SC Department of Natural Resources - Charles River Laboratories International, Inc. is reinforcing its position as an environmental steward and its commitment to the Company's South Carolina operations and the critical role the Charleston-based team plays in the biomedical industry. Most recently, Charles River has proposed a partnership with the state of South Carolina Department of Natural Resources that will reinforce the stringent regulatory oversight already in place, sustain Charles River's work-which is critical to patient safety-and fund research to continue to ensure that horseshoe crab populations are protected and thriving.
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KOPN | Hot Stocks08:38 EST Kopin gets $2.8M follow-on order for LCDs for F-35 Joint Strike Fighter program - Kopin Corporation announced it has received an approximately $2.8M follow-on order of its high-brightness liquid crystal display for the F-35 Joint Strike Fighter program. With the F-35 scheduled for production through 2030, Kopin expects additional orders over the life of the program. "This order extends our backlog of scheduled deliveries into the third quarter of 2022 and is a testament to the quality of our display technology as the helmet in the F-35 is one of the most advanced augmented reality platforms in the world," stated Bill Maffucci, the Company's Vice President of Government Programs. "As the provider of displays to the F-35 production program since its inception, our cycles of learning on the program provide benefits to all of our products and programs. We are proud to be providing our defense customers with the best possible equipment."
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HYZN TRP | Hot Stocks08:39 EST Hyzon Motors, TC Energy partner on modular hydrogen production hub development - Hyzon Motors (HYZN) and TC Energy (TRP), announced an agreement to collaborate on development, construction, operation, and ownership of hydrogen production facilities across North America. The hydrogen production facilities will be used to meet hydrogen fuel cell electric vehicle demand by focusing on low-to-negative carbon intensity hydrogen from renewable natural gas, biogas and other sustainable sources. The facilities will be located close to demand, supporting Hyzon back-to-base vehicle deployments. Under the agreement, the companies will evaluate sites across multiple states and provinces to develop hydrogen production facilities with the goal of hydrogen delivery to fuel heavy duty vehicles. The hubs will be prioritized near existing and potential customer demand with a goal to produce up to 20 tonnes of hydrogen per hub per day. TC Energy will operate the hubs, supply the power and gas commodities, and provide asset development, management services, and power and gas sales marketing.
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ENTX | Hot Stocks08:37 EST Entera Bio sees cash runway funding operations into Q4 of 2022 - Entera had a cash position of over $27.4M as of September 30, 2021, providing the Company with an expected cash runway into the fourth quarter of 2022. The funds will support the initial costs of the planned EB613 Phase 3 study which the Company plans to initiate in the second quarter of 2022.
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MICT | Hot Stocks08:36 EST MICT, Inc. files preliminary proxy to expand authorized share count - MICT announces the filing of a preliminary proxy statement, which includes the proposed increased expansion of authorized shares to 425 million shares from 250 million shares. The Company remains actively searching for accretive external acquisitions and believes the additional authorized shares will help facilitate such potential transactions in the Company's short, medium, and long-term horizon. The Company's expansion strategy is an important component of the Company's future growth plans and believes such additional shares will be a highly useful tool in connection therewith. With the Company's significant cash reserves, the additional authorized shares opens up a significant number of opportunities for the Company.
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ABBV | Hot Stocks08:36 EST AbbVie, University of Chicago extend oncology research collaboration into 2025 - AbbVie and the University of Chicago and have extended their collaboration agreement through 2025 to support preclinical oncology research. Under the agreement, the organizations will continue working together to advance research in several areas, focusing on oncology, and AbbVie gains an option for an exclusive license to certain University of Chicago discoveries made as part of the collaboration.
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TROW | Hot Stocks08:36 EST T. Rowe Price reports preliminary AUM $1.67T at October 31 - Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $3.1B in October 2021 and $21.5B for the year-to-date period ended October 31, 2021. These client transfers include $2.2B and $14.9B, respectively, transferred to the target-date retirement trusts during October and the year-to-date period.
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OVID | Hot Stocks08:35 EST Ovid Therapeutics sees Q4 adjusted operating expenses $8M-$10M - Operating expenses were $11.7 million in the quarter ended September 30, 2021, and non-GAAP adjusted operating expenses were $9.3 million for the third quarter. This expenditure was within the Company's non-GAAP adjusted guidance of $8.0 - $10.0 million for the quarter. Ovid expects non-GAAP adjusted operating expenses to remain within the $8.0 - $10.0 million range for the fourth quarter of 2021
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OMCL | Hot Stocks08:34 EST Omnicell and Fresenius Kabiteam to enhance controlled substances management - Omnicell, and Fresenius Kabi, a global health care company that specializes in medicines and technologies for infusion, transfusion, and clinical nutrition, are collaborating to provide U.S. hospitals and health systems with innovative new pharmacy technology designed to support safety and efficiency in dispensing of controlled substances in patient care areas. Omnicell's Controlled Substance Dispenser, CSD, is a leading high-volume, automated single dose dispensing solution designed to help pharmacies better manage controlled substances, reduce diversion, and save nursing time. By providing only one dose at a time, the CSD is designed to eliminate the need for countbacks and decrease the time required to resolve discrepancies to provide nurses more time for direct patient care and discourage diversion
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ALV | Hot Stocks08:34 EST Autoliv raises quarterly dividend 3% to 64c from 62c per share - The dividend will be payable on Monday, December 13 to Autoliv shareholders of record on the close of business on Monday, November 29. The ex-date will be Thursday, November 25, for holders of common stock listed on the New York Stock Exchange as well as for holders of Swedish Depository Receipts listed on Nasdaq Stockholm.
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ADP | Hot Stocks08:34 EST ADP raises quarterly dividend by 12% to $1.04 per share - ADP approved an 11c increase in the quarterly cash dividend to an annual rate of $4.16 per share. The new quarterly dividend rate of $1.04 per share will be distributed on January 1, 2022 to shareholders of record on December 10, 2021.
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OVID | Hot Stocks08:34 EST Ovid Therapeutics implements business development program for pipeline - Ovid reported its strategic intent to pursue a series of business development opportunities aimed at complementing and enhancing its pipeline of small-molecule and next-generation medicines. The Company seeks to acquire platform technologies for the purpose of delivering precision therapeutics that act on rare genetic targets in the brain. Additionally, Ovid plans to complement its early-stage pipeline with precision-medicine and small-molecule assets that align with its demonstrated clinical development competencies. The Company will prioritize potential medicines that can: deliver clear mechanistic targeting, leverage defined clinical endpoints, and fill significant needs for underserved rare disease communities.
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QRVO | Hot Stocks08:34 EST Qorvo announecs two studies on Qorvo Omnia SARS-CoV-2 Antigen Test - Qorvo announced that two recent studies confirm that the Qorvo Omnia SARS-CoV-2 Antigen Test efficiently detected SARS-CoV-2 variants circulating in the United States. Of the two studies, one was conducted by Emory University, Georgia Institute of Technology, and Children's Healthcare of Atlanta for the National Institutes of Health, NIH, Rapid Acceleration of Diagnostics, RADxSM, initiative and the other was performed by the Qorvo Biotechnologies Research and Development laboratory in Plymouth, Minnesota. As a RADxSM-supported company, Qorvo regularly validates the Omnia SARS-CoV-2 Antigen Test for new variant response in partnership with the RADxSM variant taskforce. Qorvo also performs internal testing on recombinant antigens with mutations specific to circulating variants. Recent work has focused on the Delta variant given significant national and international interest. James Klein, President of Qorvo Biotechnologies, said, "These two studies of the SARS-CoV-2 variants demonstrate the robustness of the Qorvo Omnia SARS-CoV-2 Antigen Test in detecting circulating variants in the U.S. population. Accurate test results are critical to healthcare personnel as we continue the fight against this virus. Qorvo is pleased to play an active role in curbing the spread of SARS-CoV-2 in the U.S."
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CBWTF | Hot Stocks08:32 EST Auxly Cannabis achieve 2021 target, launches new fall portfolio - Auxly Cannabis introduces a fall lineup packed with innovative new products, flavours and formulations designed to delight Canadian cannabis consumers. This new lineup is launching as the Company announces that it has achieved one of its key 2021 objectives by achieving the #5 position among Canadian Licensed Producers. "A strong performance for the month of October has helped Auxly achieve one of its key objectives for the 2021 Fiscal Year - to become a Top 5 Canadian Licensed Producer by national market share. October data has vaulted Auxly into the #5 position among Canadian LPs, with a 7.3% share of the national market, as confirmed by Headset Canadian Insights. Auxly has continued to gain market share - where it maintains #1 position in vapes and the #1 position in the cannabis 2.0 segment overall - and its expansion into the 1.0 segment where strong consumer demand for the Company's Back Forty and Kolab Project branded products has vaulted the Company into the Top 10 producers for both the dried-flower and pre-roll categories," the company said. Looking forward, Auxly unveils a suite of new product offerings. The product launches this fall include: new seasonal confections; brand-new innovations; extensions of existing product lines that take Auxly brands in new directions; new dried-flower strains; and new flavours & formulations for Auxly's industry-leading vape portfolio.
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HSY | Hot Stocks08:32 EST Hershey to acquire Dot's Pretzels, Pretzels Inc. for $1.2B - The Hershey Company announced it has entered into a definitive agreement to acquire Dot's Pretzels LLC, the owner of Dot's Homestyle Pretzels, the fastest-growing scale brand in the pretzel category. Hershey also announced today it has entered into a definitive agreement to acquire Pretzels Inc. from an affiliate of Peak Rock Capital, a private investment firm with numerous investments in the food and beverage industry. Pretzels Inc. is a co-manufacturer of pretzels for Dot's Pretzels and several other customers and is a leading innovator in the pretzel category. Based in Bluffton, Indiana, Pretzels Inc. operates three manufacturing locations in Indiana and Kansas. When the transactions are completed, these three manufacturing locations would be in addition to four pretzel-seasoning facilities to be acquired with Dot's. The acquisition of Pretzels Inc. would give Hershey deep pretzel category and product expertise and the manufacturing capabilities to support Dot's growth and future pretzel innovation as well as the continued growth in the entire pretzel category through Pretzels Inc.'s leading co-manufacturing capabilities. The total purchase price for these two proposed acquisitions is approximately $1.2 billion, or approximately $1 billion of investment net of expected future tax benefits. It will be financed with cash on hand as well as short-term borrowings. The estimated aggregate net sales for the two businesses were approximately $275 million for the 12 months ended September 2021. The combination of these two strategic acquisitions is expected to be slightly accretive to reported earnings per share in 2023 and adjusted earnings per share in 2022. The acquisitions are subject to customary regulatory approvals and are expected to close by the end of 2021.
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RIDE HNHPF | Hot Stocks08:31 EST Lordstown Motors appoints Edward Hightower as president - Lordstown Motors (RIDE) announced several executive appointments designed to focus company resources on its key near-term objectives: bringing the Endurance pickup truck to market, developing its strategic partnership with Hon Hai Precision Industries (HNHPF) and strengthening its engineering capabilities for future vehicle development. Edward Hightower, a veteran automotive executive, has been appointed President of Lordstown effective November 29th, 2021. He currently serves as Managing Director of Motoring Ventures LLC and has been advising Lordstown in a consulting capacity. Shea Burns has been appointed as Senior Vice President, Operations. In this role, Shea will continue to support Endurance launch readiness as well as the implementation of the previously announced agreement in principle with Foxconn as a consultant. Jane Ritson-Parsons, who has been serving as the Chief Operating Officer, has been appointed to the newly-created position of Executive Vice President-Chief Commercial Officer. In this role, Jane will be building out Lordstown's commercial strategy and continue overseeing several corporate functions including: sales, customer service and support, human resources, brand marketing and communications. These executive appointments follow the recent announcement of Adam Kroll as Chief Financial Officer. Finally, Rich Schmidt has stepped down as President of Lordstown Motors.
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LGND | Hot Stocks08:29 EST Ligand announces plans for OmniAb to become standalone public company - Last night, Ligand Pharmaceuticals announced it is pursuing plans to split Ligand into two separate, publicly traded companies with one featuring the OmniAb business, and the other featuring Ligand's existing collection of core royalties and the technologies, pipeline and contracts associated with the Pelican protein expression platform and the Captisol business. "The spin-off is intended to create two companies with dedicated operational focus, business-specific capital allocation, agility to meet partner needs, and compelling focused investment profiles," Ligand stated. "Based on initial management and advisor review, an IPO and eventual distribution of OmniAb shares to Ligand shareholders is the leading option under consideration at this time. The IPO would be of newly issued shares of OmniAb, Inc., which would include the Ab Initio computational antigen design technology, Icagen's ion channel technology, the xPloration high-throughput screening technology, and the suite of OmniAb transgenic animals used for antibody discovery. In an IPO, Ligand expects OmniAb to issue less than 20% of its common stock, with Ligand retaining the remaining interest, which would eventually be distributed to Ligand stockholders in a manner generally intended to qualify as a tax-free transaction. Ligand's OmniAb strategic review is in response to the ongoing success of OmniAb, as well as the opportunity to unlock the value of this business. Ligand's Board of Directors has not approved a specific course of action, and Ligand will continue to evaluate other options to optimize value and ensure flexibility to invest in growth. There can be no assurance that this process will result in Ligand pursuing a particular transaction or consummating any such transaction," the company said.
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BOX | Hot Stocks08:26 EST Box selected by U.S. General Services Administration for 'seamless e-signatures - Box announced that the U.S. General Services Administration, GSA, has selected Box Sign technology for its native e-signature capability through Systems Engineering Solutions Corporation or SES, a leading IT consulting services firm in Greenbelt, MD. By leveraging Box Sign's technology along with SES's solution components, the GSA will power a simple, seamless signing experience for critical business documents, and will digitize the way agreements are managed and governed in the cloud. "GSA is leading the way on how government agencies are leveraging modern technology, like e-signature, to digitize paper-based manual workflows for enhanced productivity and security," said Aaron Levie, CEO and co-founder of Box. "We are proud to have the underlying technology behind Box Sign powering the GSA in its endeavors to bring agility to the way it operates." With today's announcement, GSA joins leading government organizations that have leveraged Box technologies to power new ways of working, including Department of Justice, the District of Columbia Government, NASA, the U.S. Air Force, and the USDA Forest Service and Farm Production and Conservation.
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FNCH | Hot Stocks08:26 EST Finch Therapeutics announces transition of Chief Medical Officer - Finch Therapeutics announced that Zain Kassam, MD, MPH has elected to step down as Chief Medical Officer in order to return to Canada to attend to a family health matter. Dr. Kassam will continue to support the company as a special advisor. Debra Silberg, MD, PhD will serve as interim CMO to support the company through this transition and search for a new CMO.
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APLS | Hot Stocks08:24 EST Apellis announces three oral presentations of Phase 3 DERBY, OAKS data - Apellis Pharmaceuticals announced that data from the Phase 3 DERBY and OAKS studies will be presented as part of three oral presentations at the American Academy of Ophthalmology, AAO, Annual Meeting to be held November 12 - 15, 2021 in New Orleans, Louisiana. The studies evaluated the efficacy and safety of intravitreal pegcetacoplan, an investigational, targeted C3 therapy, in geographic atrophy (GA) secondary to age-related macular degeneration. In the studies, monthly and every-other-month pegcetacoplan showed a clinically meaningful reduction of GA lesion growth with a favorable safety profile in a broad population. Both monthly and every-other-month pegcetacoplan met the primary endpoint in OAKS, significantly reducing GA lesion growth. While narrowly missing statistical significance in DERBY, pegcetacoplan reduced GA lesion growth with both monthly and every-other-month treatment. Additionally, in both studies, pegcetacoplan demonstrated an even greater reduction in GA lesion growth in patients with extrafoveal lesions, supporting treatment with pegcetacoplan earlier in the disease progression. Apellis plans to submit a New Drug Application for pegcetacoplan for GA to the U.S. Food and Drug Administration in the first half of 2022.
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ANTM | Hot Stocks08:23 EST Anthem to acquire Integra Managed Care, terms undisclosed - Anthem announced that the company has entered into an agreement to acquire Integra Managed Care, "a Managed Long-Term Care Plan in New York that helps adults with long term care needs and disabilities live safely and independently in their own home," said the company in a statement. "This acquisition aligns with our goal of growing Anthem's Medicaid business, while serving our members with a comprehensive and coordinated approach to care," said Felicia Norwood, Executive Vice President of Anthem's Government Business Division. "Like Anthem, Integra has established connections with community groups to gain a deeper understanding of how to best support the whole-health needs of the people we are privileged to serve." Anthem is acquiring Integra from a wholly-owned indirect subsidiary of Personal Touch Holding Corporation. Financial terms of the transaction were not disclosed. Anthem's legal advisors are White & Case, Hinman Straub, and Lewis Rice. Ruskin Moscou Faltischek, Greenberg Taurig, and ESOP Law Group are acting as legal advisors for Integra. Stifel acted as the exclusive financial advisor to Integra in this transaction.
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BYSI | Hot Stocks08:23 EST BeyondSpring appoints Mark Santos to board of directors - BeyondSpring Pharmaceuticals announced the appointment of Mark Santos, RPh, to its Board of Directors, effective immediately. Santos has over 30 years of executive experience across the healthcare and pharmaceutical industries, currently serving as the Senior Vice President of Pharma Strategy & Contracting at OneOncology.
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TALK | Hot Stocks08:23 EST Talkspace awarded $3M grant from NIMH to study CPT - Talkspace announced it has been awarded a $3M grant from the National Institute of Mental Health, or NIMH, to study the effectiveness of Cognitive Processing Therapy, or CPT, - a treatment for post-traumatic stress disorder, or PTSD, - in a virtual setting. The new study will build on preliminary research undertaken by Talkspace which found that combining CPT with virtual tools could reduce trauma symptoms by twice as much over treatment as usual, and in less time. The pilot study of 60 participants utilized a hybrid model that offered educational experiences in conjunction with therapy. Results demonstrated that patients are able to achieve greater outcomes and that specially trained trauma therapists are able to assist more individuals in processing events and challenges than they could before.
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YMTX | Hot Stocks08:22 EST Yumanity Therapeutics announces YTX-7739 achieves primary endpoints in trial - Yumanity Therapeutics reported that its lead product candidate, YTX-7739, in development for the treatment of Parkinson's disease, achieved its primary endpoints in a randomized, placebo-controlled Phase 1b clinical trial in patients with mild-to-moderate Parkinson's disease. YTX-7739 is an investigational drug with a potentially first-in-class disease-modifying mechanism of action. There are no currently available disease-modifying treatments for Parkinson's disease. YTX-7739 was generally well tolerated and demonstrated favorable pharmacokinetic/pharmacodynamic profiles and a safety profile with no serious adverse events. YTX-7739 achieved the expected target engagement in the patients studied and results were consistent with earlier studies in healthy volunteers and preclinical models. YTX-7739 was shown to inhibit its primary target, stearoyl-CoA desaturase, an enzyme whose inhibition has been closely linked to neuronal survival and improved motor function in a Parkinson's disease model. After 28 days of treatment, the 20 mg dose given once-daily reduced the fatty acid desaturation index, a biomarker of SCD inhibition, by approximately 20%-40%, the range expected to be clinically relevant based on preclinical studies. YTX-7739 was generally well tolerated with all treatment emergent adverse events being mild to moderate in severity. There were no serious adverse events. Moderate adverse events in the active treatment group consisted of 2 patients with increased Parkinson's symptoms, 2 patients with lower back pain, 1 patient with headache, 1 patient with myalgia, 1 patient with insomnia, 1 patient with ligament sprain, and 1 patient with vaccination complication. One patient on placebo had moderate worsening of tremors and Parkinsonism, which led to discontinuation. As expected, after only 28 days of dosing, there were no statistically significant differences in clinical assessments or most exploratory biomarkers. Quantitative electroencephalogram assessments of the effect of YTX-7739 on brain activity were completed in a subset of 8 patients and demonstrated a statistically significant change compared to baseline, suggestive of a potential improvement in synaptic function. The company expects to further validate the role of this diagnostic marker in future clinical studies. "Today's announcement provides yet another strong validation of our proprietary approach to the development of disease-modifying drugs for neurodegenerative diseases," said Richard Peters, M.D., Ph.D., President and CEO of Yumanity Therapeutics. "Together with our ongoing collaboration with Merck in amyotrophic lateral sclerosis and frontotemporal lobar dementia, which was announced last year, Yumanity has demonstrated that it continues to lead in identifying new targets and new drug candidates that have the potential for disease modification in these terrible diseases and remains one of the few select companies with an asset to be advanced into Phase 2 clinical development for the potential treatment of Parkinson's disease."
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GSV | Hot Stocks08:21 EST Gold Standard Ventures announces advancement of key milestones - Gold Standard Ventures announced updates on its permitting progress, Feasibility Study, and construction capital financing process. The Company is currently in the Environmental Impact Statement process pursuant to the National Environmental Policy Act. SWCA Environmental Consultants has been engaged to manage the EIS process on behalf of the Bureau of Land Management. Preparation of the Notice of Intent has commenced and is anticipated to be submitted to the BLM in Washington, DC, in Q4 2021. Once the Notice of Intent is published in the Federal Register, public scoping meetings can commence. Based on the EIS timeline developed amongst the Company, SWCA, and the BLM, the timing of the Record of Decision permit is anticipated to be in Q1 2023. In conjunction with the permitting process, work is advancing to secure site access and water rights. Feasibility Study development, led by M3 Engineering, continues to advance. As previously reported, the Company has been working on the conversion of certain Inferred Mineral Resources to Mineral Reserves to support a longer mine life. In-fill drilling results at Pinion indicate the possibility of converting approximately 350,000 contained ounces of gold for inclusion the FS mine plan. The results of mine plan optimization work indicates that 200-ton capacity haul trucks will likely provide more economic benefit than the 150-ton capacity haul trucks that were contemplated in the 2020 Pre-Feasibility Study. The larger sized haul trucks provide the potential benefit of lower mining unit costs through increased efficiency and reduced labour costs. Metallurgical and processing studies are ongoing and focused on leach kinetics, leach pad design, and metallurgical recovery models. Although it is anticipated that the FS will include the construction of a high-pressure grinding rollers crushing facility in future years, metallurgical studies indicate the possibility of processing all Dark Star and Pinion ore as a run-of-mine heap leach operation. This scenario has the potential of unlocking significant savings on expansion capital expenditures, sustaining capital expenditures, and processing unit costs than what was contemplated in the PFS, with an offsetting impact of slightly lower estimated gold recoveries. The Company will continue to explore this option with its consultants. Although toll processing of approximately 32,000 ounces of gold in transitional and sulphide material at Dark Star was contemplated in the PFS, this is not expected to be included in the upcoming FS. The Company believes there remains an attractive opportunity to extract value from this material, in addition to the potential for new mineralization directly under the Dark Star North PFS pit boundary as described in the Company's news release dated September 13, 2021. However, the economic analysis necessary to support the processing of this material will not be completed to a feasibility level for the upcoming study. Certain changes to initial capital expenditure estimates of direct costs, indirect costs, and contingencies are anticipated in the upcoming FS, as expected in relation to the planned increased scope and scale of the project compared to the PFS. Gold Standard is committed to responsible mining and is focused on building and operating in the most environmentally sensitive way possible. Based on the timing of ongoing metallurgical column tests of drill core that represents Pinion Phases 4 and 5, it is anticipated that the Feasibility Study will be released in Q1 2022. Preparatory work continues to advance on Gold Standard's construction capital financing process, along with our advisor Cutfield Freeman & Co. Lending capacity for the South Railroad Project is anticipated to be robust, due to strong forecasted free cash flows over the first five years during the mining of the Dark Star deposit as outlined in the PFS. As announced in the Company's news release dated July 16, 2020, Orion Mine Finance has committed to providing Gold Standard with a term sheet to provide up to US$200 million of construction financing support. In addition, the Company has received interest from the following capital providers about participating in the SRP construction capital financing process: mining focused alternative lenders, commercial banks, streaming and royalty companies, and multinational precious metal producers. Gold Standard anticipates commencing the construction capital financing process in conjunction with the release of the SRP Feasibility Study in Q1 2022. The Company will prioritize a construction financing package that provides the most attractive long-term benefits to Gold Standard shareholders.
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RNLX | Hot Stocks08:20 EST Renalytix convenes expert panel at VA Healthcare Summit - Renalytix convened a multidisciplinary panel to discuss advances in kidney health through early-stage prognosis and intervention of chronic kidney disease, CKD, in patients with type 2 diabetes. Clinical experts shared patient case studies drawing from their experience adding KidneyIntelX into clinical care. The KidneyIntelX enabled care pathway being implemented in the Mount Sinai Health System is a model that can be used in implementing the new Veterans Health Administration CKD Directive and joint VA and Department of Defense guideline, driving care earlier to prevent progression and kidney failure. The panel event took place at The Institute for Defense and Government Advancement VA Healthcare Summit on Wednesday, October 27, 2021. The panel, "Breakthrough Diagnostic Approach for Type 2 Diabetes and Early-Stage Chronic Kidney Disease: Today's Precise Answer, Tomorrow's Kidney Health." Michael Donovan, PhD, MD, Chief Medical Officer at Renalytix: "This roundtable discussion provided a unique opportunity for clinical experts to highlight the impact of KidneyIntelX risk assessment on patient-specific management decisions. Their remarks highlighted how KidneyIntelX testing can help address the challenges they face when relying on current clinical tools. The panel also reviewed the practice-changing evidence from recent therapeutic trials. The discussion underscored the importance of a systems approach to managing care for chronic kidney disease patients given the intimate association of cardiovascular and kidney function."
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MEIP | Hot Stocks08:18 EST MEI Pharma, Kyowa Kirin announce FDA grants ODD to zandelisib for FL - MEI Pharma and Kyowa Kirin an affiliate of Kyowa Kirin announced that the U.S. Food and Drug Administration, FDA, granted orphan-drug designation, ODD, to zandelisib for the treatment of follicular lymphoma. Orphan-drug designation is granted by the FDA to a drug or biologic intended to treat a rare disease or condition, which generally includes a disease or condition that affects fewer than 200,000 individuals in the U.S. ODD granted therapies entitle companies to development incentives including tax credits for qualified clinical trials, exemptions from certain FDA application fees, and the potential of seven years of marketing exclusivity in the event of regulatory approval. ODD does not shorten the duration of the regulatory review or approval process. Zandelisib, a selective PI3Kdelta inhibitor, is an investigational cancer treatment being developed as an oral, once-daily, treatment for patients with B-cell malignancies. In March 2020 the U.S. FDA granted zandelisib Fast Track designation for treatment of adult patients with relapsed or refractory follicular lymphoma who have received at least 2 prior systemic therapies. In April 2020, MEI and Kyowa Kirin entered a global license, development, and commercialization agreement to further develop and commercialize zandelisib. MEI and Kyowa Kirin will co-develop and co-promote zandelisib in the U.S., with MEI booking all revenue from the U.S. sales. Kyowa Kirin has exclusive commercialization rights outside of the U.S. and will pay MEI escalating tiered royalties on ex-U.S. sales.
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AUTL | Hot Stocks08:18 EST Autolus Therapeutics announces publications describing its TetCAR - Autolus Therapeutics announced the publication of an article in Nature Scientific Reports describing a controllable CAR T cell system, TetCAR, designed to reversibly dampen the activity of the programmed T cells by the administration of the licensed and widely available antibiotics tetracycline and minocycline. Management of toxicities is a critical step in the successful application of programmed cell therapies. TetCAR is one of a number of approaches developed at Autolus that use a pharmacological agent to selectively control or eliminate cell therapies in the event a patient experiences severe adverse side effects from the treatment. "While many such systems have been described, most require use of experimental small molecules for control. Our TetCAR, RQR8 and Rapacasp9 approaches, all use licensed and widely available drugs, offering practical application of these systems in the clinic," said Dr. Martin Pule, chief scientific officer of Autolus. "We are excited to highlight this new publication which underscores the strong technology and IP base that we are using to develop the next generation of programmed cell therapies, both in-house and in partnership."
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PSTI | Hot Stocks08:17 EST Pluristem receives approval grant from IIA to develop CRISPR PLX platform - Pluristem Therapeutics announced that it has received approval for an additional grant from the Israel Innovation Authority, IIA, to support research based on its cutting-edge PLX platform. The grant comes as part of the Company's work as part of the CRISPR-IL consortium, which the IIA funds through its Bio-Convergence Program. The IIA approved a new budget for the Consortium to continue its work for an additional 18 months after evaluating its activity and results over the past 18 months. As part of the budget, Pluristem is expected to receive approximately $583,000 to continue its work in developing a new generation of PLX cells based on the use of CRISPR technology to genetically program desired cell functions in future allogenic products. Yaky Yanay, CEO and President said: "The evaluation of the CRISPR-IL Consortium's work over the last 18 months was successfully completed. The IIA's continued investment in Pluristem's participation in this work provides further opportunity to push forward the development of next generation allogeneic cell therapies. We continue to believe that the integration of CRISPR technology in our PLX platform holds great potential to develop the treatments of the future, and the IIA's approval of additional funds is validation of that belief."
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TKNO | Hot Stocks08:17 EST Alpha Teknova appoints Ken Gelhaus as CCO - Alpha Teknova (TKNO) announced the appointments of Ken Gelhaus as Chief Commercial Officer and Jennifer Henry as Senior Vice President, Marketing. Gelhaus has more than 15 years of experience in the life sciences and diagnostics industries. Most recently, he served as Vice President/General Manager at BD Biosciences, where he was responsible for the global clinical solutions business unit. For 25 years, Henry has been a brand and marketing leader across consumer software, financial services, and the consumer electronics industries. Most recently, she was Senior Director of Global Brand at eBay (EBAY).
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ALV | Hot Stocks08:14 EST Autoliv increases quarterly dividend 3% to 64c from 62c per share - Autoliv announced that its quarterly dividend will be increased by 3% to 64c per share, from 62c, for the fourth quarter of 2021. The dividend will be payable on Monday, December 13 to Autoliv shareholders of record on the close of business on Monday, November 29. The ex-date will be Thursday, November 25, for holders of common stock listed on the New York Stock Exchange as well as for holders of Swedish Depository Receipts listed on Nasdaq Stockholm.
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BKR | Hot Stocks08:14 EST Baker Hughes, Shell Global Solutions in pact to decarbonize energy - Energy technology company Baker Hughes and Shell Global Solutions have signed a broad strategic collaboration agreement to accelerate the global energy transition by helping each other achieve their respective commitments for net-zero carbon emissions and advancing solutions to decarbonize energy and industrial sectors. The memorandum of understanding MoU intends to build on the existing relationship between Shell and Baker Hughes in key areas: Shell will initially provide selected Baker Hughes U.S. sites with power and renewable energy credits and the companies will negotiate renewable power for Baker Hughes' sites in Europe and Singapore. Shell and Baker Hughes also agreed to broader collaboration to identify other opportunities to accelerate each other's transition to net-zero carbon emissions by 2050, such as Baker Hughes providing low-carbon technology solutions for Shell's LNG fleet. The two companies will further explore potential opportunities to co-invest and participate in new models to decarbonize energy and industrial sectors. "Our agreement with Shell is another example of how we are collaborating in new ways to meet net-zero targets for our company and for our customers," said Lorenzo Simonelli, Baker Hughes chairman and CEO. "The urgency around the energy transition to meet Paris Agreement goals requires collaboration to accelerate actionable steps to reduce emissions in various ways." Harry Brekelmans, projects & technology director at Shell, said: "Shell and Baker Hughes both have clear ambitions to decarbonize and have already made progress through technical innovations. I'm proud of the work that has been done so far, and with this new agreement, we are taking it one step further. It will enable us - and our partners - to push the boundaries of what can be achieved and move even closer toward our net-zero targets." As a first step in the collaboration, the parties seek to finalize Shell's supply of certain Baker Hughes U.S. facilities with power and renewable energy credits for a two-year period. In 2021, Baker Hughes' global renewable electricity consumption was 22%, and with this agreement, it is expected to grow by 2% to 24% annually. Shell and Baker Hughes will also negotiate supply of up to 100 GWh of renewable power for Baker Hughes facilities in Europe and explore the development of an on-site solar solution for Baker Hughes' chemical blending plant in Singapore.
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MGTX | Hot Stocks08:13 EST MeiraGTx announces upcoming milestones - Provide a clinical update of the Phase 1 AQUAx trial of AAV-AQP1 for the treatment of Grade 2/3 radiation-induced xerostomia in early December 2021. Complete enrollment of the Phase 1 AQUAx trial of AAV-AQP1 for the treatment for Grade 2/3 radiation-induced xerostomia during the fourth quarter of 2021. The Company will hold a Research and Development Day in December 2021 where additional data on its synthetic riboswitch gene regulation platform as well as the Company's proprietary promoter platforms will be presented. File an Investigational New Drug application for AAV-GAD for the treatment of Parkinson's Disease during the fourth quarter of 2021. Initiate, with Janssen, later stage clinical studies for AAV-CNGB3 and AAV-CNGA3 for the treatment of achromatopsia in 2022. Initiate a Phase 3 pivotal trial of AAV-RPE65 for patients with RPE65-associated retinal dystrophy in early 2022.
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MGTX | Hot Stocks08:13 EST MeiraGTx expects cash to fund requirements into 2Q23 - As of September 30, 2021, MeiraGTx had cash and cash equivalents of approximately $143.6 million, as well as approximately $16.8 million due in receivables from Janssen, compared to $179.1 million as of September 30, 2020. The Company believes it will have sufficient capital to fund operating expenses and capital expenditure requirements into the second quarter of 2023.
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GCMG | Hot Stocks08:11 EST GCM Grosvenor board approves 11% dividend increase to 10c per share - GCM Grosvenor's Board of Directors approved a $0.10 per share dividend payable on December 15, 2021 to shareholders on record December 1, 2021
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VRPX | Hot Stocks08:09 EST Virpax Pharmaceuticals awarded research, development contracts by NCATS - Virpax Pharmaceuticals announced that the National Center for Advancing Translational Sciences, or NCATS, at the National Institutes of Health, or NIH, has awarded research and development contracts to support Good Manufacturing Practices, or GMP, production of drug substance and drug product. as well as to support Good Laboratory Practices, or GLP, toxicology, safety studies and preclinical efficacy studies. The NIH has contracted with a clinical research organization to conduct additional pre-clinical efficacy studies and procured a device to be used with the manufactured GMP drug product for preclinical and clinical studies. The NIH has also engaged a firm to manufacture Leu-enkephalin, the active ingredient in Envelta and a firm to manufacture the Molecular Envelope Technology that is used to carry the L-ENK to the brain to promptly suppress pain. Envelta is Virpax's endogenous enkephalin intranasal spray for acute and chronic pain, including pain associated with cancer. IND-enabling studies for Envelta are being performed under a Cooperative Research and Development Agreement with NCATS entered into by Virpax in August of 2020.
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VELO BBQG | Hot Stocks08:08 EST Velocity Acquisition, BBQGuys agree to terminate business combination - BBQ Holding (BBQG) and Velocity Acquisition Corp (VELO) announced that the companies have mutually agreed to terminate their previously announced agreement and plan of merger, effective immediately. The parties decided to terminate the Business Combination Agreement as a result of current supply chain factors that are affecting the results of the BBQGuys business and timing of closing the transaction. Doug Jacob, Founder of Velocity, stated, "BBQGuys is a fantastic company with a proven track record of growth and we wish them continued success as they emerge from the current supply chain conditions that are challenging so many companies. We know they will continue to be a strong player in the backyard space. We will continue our efforts to capitalize on digital transformation trends and are confident in our ability to combine with a blue-chip company that will maximize value for our shareholders."
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VSAT | Hot Stocks08:07 EST ViaSat partners with Ghana Space Science and Technology Institute - Viasat announced the launch of its first Real-Time Earth facility in Africa, located in Accra, Ghana. Viasat worked in partnership with the Ghana Space Science and Technology Institute, a government-based institution under Ghana Atomic Energy Commission, focused on coordinating all space, science, technology and related activities in Ghana, to bring new space opportunities and jobs to the region, while expanding Viasat's ability to deliver critical earth observation and remote sensing data on-demand around the world. With this new station, Viasat's RTE global network is now active in five continents.
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RAIN | Hot Stocks08:07 EST Rain Therapeutics announces anticipated milestones - Anticipated Near-term Milestones Milademetan MDM2-Amplified Phase 2 Basket Trial Phase 2 trial anticipated to commence enrollment this quarter Interim data anticipated in the second half of 2022; Milademetan MCC Phase 2 Trial Phase 2 trial anticipated to commence in mid-2022; Milademetan Dedifferentiated Liposarcoma Phase 3 Trial Data anticipated in 2023 RAD52 Research Program Lead candidate selection anticipated in 2022
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SINO | Hot Stocks08:06 EST Sino-Global appoints Shi Qiu as CTO - Sino-Global announced the appointment of Shi Qiu as Chief Technical Officer. Qiu has been working as Vice General Manager since November 2018 at one of Sino-Global's subsidiary companies. He will report directly to the company's CEO, Yang "Leo" Jie, as the company continues to accelerate its diversification and growth in cryptocurrency and other new markets.
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MRK | Hot Stocks08:06 EST Merck to supply 1.6M courses of molnupiravir to Japan for $1.2B upon approval - Merck and Ridgeback Biotherapeutics announced that the Japanese government will purchase, upon authorization or approval, approximately 1.6M courses of molnupiravir, an investigational oral antiviral medicine. Merck is developing molnupiravir in collaboration with Ridgeback Biotherapeutics. Merck's applications for the potential authorized use of molnupiravir are under review by Japan's Pharmaceuticals and Medical Devices Agency, the FDA, and the European Medicines Agency. Molnupiravir is authorized in the United Kingdom for the treatment of mild-to-moderate COVID-19 in adults with a positive SARS-CoV-2 diagnostic test and who have at least one risk factor for developing severe illness. Under the agreement, if molnupiravir receives authorization or approval by Japan's Pharmaceuticals and Medical Devices Agency, Merck will supply approximately 1.6M courses of molnupiravir to the Japanese government for approximately $1.2B including applicable taxes. In anticipation of results from the Phase 3 MOVe-OUT clinical trial, and the potential for regulatory authorization or approval, Merck has been investing at risk to support development and scale-up production of molnupiravir and expects to produce 10M courses of treatment by the end of 2021, with at least 20M courses to be produced in 2022. In addition to the Japan agreement, as part of its global efforts to accelerate access, Merck has also entered into supply and purchase agreements with the governments of several other countries and is currently in discussions with additional governments.
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RAIN | Hot Stocks08:05 EST Rain Therapeutics sees FY21 net cash use $50M-$60M - The Company continues to expect its full year 2021 net cash used in operating activities to be approximately $50 million to $60 million and a projected year end cash balance of approximately $137 million to $147 million in cash, cash equivalents and short-term investments.
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RAIN | Hot Stocks08:04 EST Rain Therapeutics expects cash to provide runway through completion of trials - As of September 30, 2021, Rain had $150.1 million in cash, cash equivalents and short-term investments. Rain expects that its quarter-end cash position will provide runway to continue advancing its R&D pipeline and complete all three planned clinical trials of milademetan.
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VMEO | Hot Stocks08:04 EST Vimeo to acquire Wirewax, Wibbitz, terms not disclosed - Vimeo announced agreements to acquire Wirewax, a "leader" in interactive and shoppable video, and Wibbitz, a "leading" enterprise video creation suite. The two companies bring proprietary technology and products to Vimeo's all-in-one video solution, extending its position as the professional video software solution for any business. Both acquisitions are expected to close this quarter. No financial terms were disclosed. Wirewax and Wibbitz capabilities are expected to be added to the Vimeo platform in 2022, and existing customers will be able to continue to use the tools uninterrupted.
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UBX | Hot Stocks08:03 EST Unity Biotechnology announces upcoming milestones - UBX1325 Phase 2a proof of concept study in DME had a first patient dosed in June 2021 and is actively recruiting patients, with information about that trial available here. Twelve-week safety and efficacy data are expected in the first half of 2022. UBX1325 Phase 2 proof of concept study in AMD is expected to initiate in the first half of 2022, with twelve-week safety and efficacy data expected in the second half of 2022. UBX2050 and UBX2089 expected to enter IND-enabling studies in 2022.
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UBX | Hot Stocks08:03 EST Unity Biotechnology expects cash to fund operations through 3Q22 - Cash, cash equivalents, and marketable securities totaled $88.5 million as of September 30, 2021 compared with $115.6 million as of December 31, 2020. UNITY believes that current cash, cash equivalents, and marketable securities are sufficient to fund operations through the third quarter of 2022.
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NMTR | Hot Stocks08:02 EST 9 Meters Biopharma announces immuno-oncology collaboration with Gustave Roussy - 9 Meters Biopharma announced a collaboration agreement with Gustave Roussy, "a leading cancer center in Villejuif, France, using 9 Meters' small molecule tight junction microbiome modulator NM-102," said the company. NM-102 is presumed to prevent gut microbial metabolites and antigens from trafficking into systemic circulation. This collaboration adds to an initial 14-month preclinical research project initiated in March 2019, which focused on the relationship between intestinal microbiome composition and systemic responses to cancer treatments such as chemotherapy and immune checkpoint inhibitors . Specifically, the work tested the hypothesis that the therapeutic effect of ICIs, such as antibodies to CTLA-4 and PD-1, might be affected by preventing bacterial antigens, toxins and certain metabolites in the gut from interacting with the host immune system via NM-102's posited role in preventing gut microbial matter from entering systemic circulation. These studies showed that NM-102 was effective both when alone and when combined with ICIs in a transgenic mouse model of spontaneous aggressive skin melanoma. Furthermore, the combination of NM-102 with ICIs improved survival compared to ICIs alone. Under the terms of the collaboration agreement, Gustave Roussy will investigate how tumors in preclinical models may effect intestinal integrity and in turn compromise the fitness of the host's immune system and its capacity to respond to ICIs. Further work is planned to decipher the mechanism of NM-102 and its effects on intervening on the epithelial layer of the GI tract, as well as its potential translation to ICI efficacy in preclinical cancer in vivo models. The Company intends to move forward with an IND-enabling pathway.
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EOSE | Hot Stocks08:02 EST Eos Energy secures milestone 300MWh order from Blue Ridge Power - Eos Energy Enterprises announced it has secured its largest customer order to date-a commitment by Blue Ridge Power, a leading solar engineering, procurement and construction firm, to purchase 300MWh of energy storage systems over the next two years. Installation is scheduled to begin in summer 2022 at a site owned by developer Pine Gate Renewables. Eos will supply its zinc powered Znyth technology for multiple projects in 2022 and 2023. Eos manages the variability of renewable energy sources by providing reliable power to applications across the energy chain, including utilities, and industrial and commercial sites. Its Znyth battery is designed to provide continuous power upon installation and is projected to have a useful life of 20 years.
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GRTS | Hot Stocks08:00 EST Gritstone announces preclinical data on second-generation COVID-19 vaccine - Gritstone bio published "positive" preclinical data in non-human primate models from the CORAL next-generation COVID-19 vaccine program against SARS-CoV-2, the coronavirus that causes COVID-19 disease. In a non-human primate challenge study, immunization with a self-amplifying mRNA, SAM, vaccine protected rhesus macaques against SARS-CoV-2 infection as either a homologous prime-boost regimen or as a single boost following an optimized chimpanzee adenoviral, ChAd, vector prime. "Advancing new vaccine strategies, like our SAM platform, may help avoid further propagation and mutation of SARS-CoV-2 and potentially address delays in global vaccination. These data, combined with clinical data we are currently generating, continue to validate the concept of broad and potent T cell and neutralizing antibody responses following SAM as a 2-dose regimen, or as a boost following an initial ChAd dose," said Andrew Allen, M.D., Ph.D., co-founder, president and chief executive officer of Gritstone. "During situations like a pandemic, a potent SAM homologous vaccine platform can offer simplicity in manufacturing and rollout, and our AI antigen prediction platform, EDGE, is likely to enable accelerated design of vaccines that contain both antibody and key T cell antigens from novel pathogens. A heterologous ChAd prime and SAM boost regimen, the so-called "mix-and-match" approach, may provide a potent option to those with a weakened immune system, particularly cancer patients receiving B cell-directed therapies that weaken antibody responses to mRNA vaccines. We look forward to sharing preliminary data from our first CORAL trial early in the first quarter of 2022." In the study, a SAM vaccine encoding a prefusion stabilized SARS-CoV-2 spike glycoprotein demonstrated potent cellular and humoral immune responses at low doses in mice and rhesus macaques. The homologous prime-boost vaccination regimen of SAM at 3, 10 and 30 microgram induced potent neutralizing antibody titers in rhesus macaques at all dose levels. Spike-specific T cell responses were observed in all dose groups. SAM vaccination provided protective efficacy against SARS-CoV-2 challenge as both a homologous prime-boost and as a boost following ChAd prime, demonstrating reduction of viral replication in both the upper and lower airways. Protection was most effective with a SAM prime-boost vaccination regimen at 10 and 30 microgram and with a ChAd/SAM heterologous prime-boost regimen.
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LTRY | Hot Stocks07:59 EST WinTogether.org launchs Music4ClimateJustice campaign - WinTogether.org is continuing its commitment to support the United Nations 17 Sustainable Development Goals by unveiling a new global campaign in conjunction with Music4ClimateJustice, which launched at COP-26 on November 4, 2021 in Glasgow, Scotland. The Music4ClimateJustice WinTogether.org sweepstakes aims to raise funds for climate justice as part of the launch of the M4CJ non-profit initiative, a virtual concert and event series that has already gathered the support of more than 350 artists from around the world, including Akon, Bootsy Collins, and Stevie Van Zandt. M4CJ also includes indigenous artists, educational interviews, and panels with thought leaders, athletes and activists, who have united to focus a spotlight on climate justice. Funds raised through the M4CJ WinTogether.org sweepstakes will support a combination of non-profit and social impact organizations tackling climate change challenges and investing in projects and initiatives that directly improve the capacity for adaptation and resilience for at-risk communities under threat from existing climate change consequences. M4CJ beneficiaries are intended to include the Music4Climate(R) Impact Fund (501c3) as well as other climate and sustainability-focused philanthropic organizations located within the U.S. and internationally.
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CDAY | Hot Stocks07:59 EST Ceridian acquires DataFuZion HCM, terms not disclosed - Ceridian announced it has acquired substantially all of the assets of DataFuZion HCM, Inc., an HCM technology company. In today's increasingly borderless world of work, organizations are continually challenged to address complex compliance rules and regulations. Forward-thinking leaders need to harness the power of technology to help maintain compliance, create efficiencies, and improve automation and accuracy. The acquired technology includes specific features for certified payroll reporting, prevailing wage rate calculations, incentive payments, union rate calculations, and complex general ledger reporting. This acquisition extends Ceridian's leadership in industries often experiencing complex payroll requirements including construction, public sector, government contracting, manufacturing, union, and non-profit sectors.
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CDNA | Hot Stocks07:58 EST CareDx announces acquisition of MedActionPlan - CareDx announced it has acquired MedActionPlan, a New Jersey-based provider of medication safety and adherence technology and patient education. This acquisition adds to CareDx's goal of connecting offerings for transplant patients, including: MedActionPlan PRO: a medication management and adherence platform to simplify post-transplant medication regimens. MyMedSchedule Plus: a companion mobile app that works with MedActionPlan PRO. Patient Connect & MedActionPlan Dashboard: a tool that allows the healthcare team to monitor a patient's progress and send medication schedule updates. "Medication adherence and education are cornerstones to good transplant outcomes, and fit seamlessly with our suite of patient solutions," said Reg Seeto, CEO at CareDx. "We look forward to building on MedActionPlan's expertise and strong foundation to deliver solutions that are integrated with transplant centers to work seamlessly for transplant patients."
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TLLTF | Hot Stocks07:57 EST Tilt Holdings expands contract with AIRO Brands for products in Massachusetts - TILT Holdings announced the expansion of its partnership with Airo Brands, a multi-state consumer packaged goods company focused on proprietary inhalation products, beyond its current manufacturing and distribution agreement in Pennsylvania to include Massachusetts. An early client of TILT's subsidiary Jupiter Research, since 2016, Airo also licenses exclusive Jupiter products and collaborates on proprietary inhalation technologies AIRO products are currently available in Massachusetts as the company transitions to TILT subsidiary, Commonwealth Alternative Care to take over production and distribution. A leader in the cannabis inhalation space, AIRO is one of the top-selling brands in several markets including Nevada, Colorado, Illinois, Maryland and Washington. Airo is available in more than 1,250 dispensaries across the United States and Puerto Rico. Through this expanded partnership, TILT will distribute popular AIRO products including the AIROPr, AIROSport, and AIROX featuring formulations from AIRO's Strain Series, Artisan Series, and Live Flower Series, plus additional products throughout the year.
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NEM CAT | Hot Stocks07:56 EST Newmont, Caterpillar enter pact to deliver zero carbon emitting mining system - Newmont (NEM) announced a strategic alliance with Caterpillar (CAT) to deliver a fully connected, automated, zero carbon emitting, end-to-end mining system. Under the agreement, Newmont plans to provide a preliminary investment of $100M as the companies set initial automation and electrification goals for surface and underground mining infrastructures and haulage fleets at Newmont's Cripple Creek and Victor mine in Colorado and Tanami mine in Northern Territory, Australia.
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SYPR | Hot Stocks07:56 EST Sypris Solutions sees FY21 revenue growth of 20-25%, down from prior view - "We have updated our outlook to include a 20-25% growth in the Company's top line in 2021, which is down from our previous guidance. Gross margin is forecast to expand in the fourth quarter 400-500 basis points over the comparable period in 2020, which is expected to contribute to strong double-digit percentage growth in cash flow generated from operations for the full year.
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SCYX | Hot Stocks07:55 EST Scynexis sees cash runway funding operations into 2023 - Based on a $100M cash balance at September 30 and operating plan, SCYNEXIS has a projected cash runway into 2023.
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TWNK | Hot Stocks07:54 EST Hostess Brands announces Chief Financial Officer departure - Last night, along with reporting financial results for the three months ended September 30, Hostess Brands also announced that Brian Purcell, Executive Vice President, Chief Financial Officer, resigned from the company, effective November 9, and that the company's board of directors has appointed Michael Gernigin, the company's Senior Vice President and Corporate Controller, as the company's Chief Accounting Officer and Interim CFO until a permanent successor has been named. "We appreciate Brian's contributions to Hostess and wish him the best in his future endeavors. Mike, who has been with the company since 2016, is a strong finance and accounting executive and is well positioned to lead the talented finance organization while we search for a new permanent CFO," commented Andy Callahan, the company's President and CEO.
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IMBI | Hot Stocks07:54 EST iMedia Brands closes $93M acquisition of 123tv - Media Brands announced that it has closed on its acquisition of 123tv for an enterprise value of $93 million, effective November 5, 2021. IMBI previously announced the signing of the purchase agreement to acquire 123tv on September 22, 2021. 123tv is the leading interactive media company disrupting Germany's television retailing marketplace with its expertise in proprietary, Dutch auction style live and automated auctions that emotionally engages consumers with 123tv's balanced merchandising mix of compelling products shipped directly to their homes. 123tv reaches consumers via its television network available in 40+ million German and Austrian television households 24 hours a day, 365 days a year and via its online, mobile and over-the-top digital platforms. The total purchase price of $93 million included a cash payment of approximately $72 million made at closing and a $21 million note issued by the seller. The terms of the purchase also include an earn-out potential to the sellers for up to an additional $50 million over three years based upon achievement of certain target revenues. IMBI's transaction rationale focuses on 123tv continuing its disruption of TV retailing in Western Europe while exploring how 123tv's platform and its automated auction expertise and technology can disrupt digital shopping marketplaces in the United States, particularly in the digital travel and ticketing shopping marketplaces. IMBI plans to use its national TV networks to promote these 123tv digital disruption businesses, which will also generate first-party shopping data to drive growth in IMBI's digital advertising platform, recently acquired as part of IMBI's acquisition of Synacor's advertising and portal business segment on July 30, 2021.
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AY | Hot Stocks07:53 EST Atlantica Sustainable Infrastructure sees 2021 CAFD $220M-$240M - Atlantica expects to close the year 2021 with a CAFD in the range of the guidance provided in March 2021, which is between $220 million and $240 million. The Company expects to achieve an Adjusted EBITDA including unconsolidated affiliates at or slightly below the low end of its guidance, which was $820 million, mainly due to the accounting adjustment to revenue caused by high electricity market prices in Spain. The accounting adjustment would not have a cash impact in 2021.
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VYNE | Hot Stocks07:52 EST VYNE Therapeutics announces upcoming milestones - VYN201, Topical BET Inhibitor Program: Following the completion of the prerequisite IND-enabling non-clinical safety assessments, the Company intends to communicate the initial indication it will be pursuing for VYN201 and expects to enter the program into the clinic in 2022. VYN202, Oral BET Inhibitor Program: Upon the selection of a lead candidate, VYNE intends to exercise its exclusive option with In4Derm Limited and commence an IND-enabling non-clinical safety program. FMX114 for Atopic Dermatitis: Topline results from the Phase 2a portion of the study are anticipated early in the first quarter of 2022.
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GLUE | Hot Stocks07:48 EST Monte Rosa Therapeutics expects cash to fund operations into late 2024 - Cash and cash equivalents as of Sept. 30, 2021, were $367.0 million, compared to $41.7 million as of December 31, 2020. The company expects its cash and cash equivalents, including the aggregate net proceeds from the initial public offering, will be sufficient to fund planned operations and capital expenditures into late 2024.
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GLUE | Hot Stocks07:48 EST Monte Rosa Therapeutics announces upcoming milestones - Submit Investigational New Drug application to the U.S. Food and Drug Administration for MRT-2359 in mid-2022. Continue lead optimization for NEK7 and advance at least one additional program into lead optimization in 2021. Progress proprietary programs beyond GSPT1 and NEK7, including CDK2, VAV1, BCL11A and additional undisclosed targets.
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KLDO FRLN | Hot Stocks07:47 EST Kaleido Biosciences to appoint Alison Long as Chief Medical Officer - Kaleido Biosciences (KLDO) announced the appointment of Alison Long, M.B.B.Ch., Ph.D., to its leadership team as Chief Medical Officer, effective December 15, 2021. In her new role, Dr. Long will be responsible for leading the development of Kaleido's ongoing and future clinical programs, including the development of KB295 and KB109 in ulcerative colitis and chronic obstructive pulmonary disease, respectively. Dr. Long most recently served as interim Chief Medical Officer and Senior Vice President, Head of Clinical Development at Freeline Therapeutics (FRLN), and was responsible for the clinical development, clinical operations, medical affairs, and regulatory functions of Freeline's development programs.
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WVE | Hot Stocks07:46 EST Wave Life Sciences announces upcoming clinical milestones - Wave expects to generate clinical data through 2022 from WVE-004, WVE-003, and WVE-N531 to provide insight into the clinical effects of PN chemistry and enable decision-making regarding next steps for each program.
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WVE | Hot Stocks07:46 EST Wave Life Sciences expects cash to fund requirements into 2Q23 - As of September 30, 2021, Wave had $123.9 million in cash and cash equivalents as compared to $184.5 million as of December 31, 2020. The decrease in cash and cash equivalents was mainly due to Wave's year-to-date net loss of $87.5 million, partially offset by the receipt of $21.2 million in proceeds under Wave's ATM equity program through September 30, 2021. Subsequently, in October 2021 Wave received an additional $52.1 million in cash, including $22.5 million from Takeda under the terms of the amendment to Wave's collaboration agreement with Takeda, and $29.6 million in proceeds under its ATM equity program from a block sale of ordinary shares based on interest received from new and existing shareholders following its Analyst and Investor Research Webcast in September 2021.
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CIXX | Hot Stocks07:45 EST CI Financial to acquire Gofen and Glossberg, terms undisclosed - CI Financial and Gofen and Glossberg announced an agreement under which CI will acquire Gofen, a $7.5B wealth and investment management firm that offers customized investment solutions and tailored planning solutions to primarily high-net-worth families. Gofen will be CI's third Chicago-based RIA acquisition and will increase CI's presence in the broader Midwest as well. With the closing of this and other recently announced transactions, CI's assets in its U.S. wealth management business are expected to reach approximately $95B, while its total assets globally are anticipated to reach approximately $271B. This transaction is expected to close later this quarter, subject to regulatory and other customary closing conditions. All asset amounts are as at September 30.
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IPSC | Hot Stocks07:45 EST Century Therapeutics announces upcoming milestones - Pre-clinical data from the Company's CNTY-101 program and CAR-iT platform to be presented in two posters at the upcoming American Society of Hematology Annual Meeting and Exposition on December 11-14, 2021 in Atlanta, Georgia, and virtually; Virtual research and development update to be held on Thursday, December 16, 2021 from 8:00-9:30 AM EST. Century's management team will discuss an update on the Company's iPSC technology platform and pipeline.; Current Good Manufacturing Practice manufacturing facility expected to be operational in early 2022; and CNTY-101 IND filing remains on track for mid-2022.
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DBTX | Hot Stocks07:43 EST Decibel Therapeutics sees cash, cash equivalents funding operations into 2024 - Based on its current operating and development plans, Decibel believes that its existing cash, cash equivalents and available-for-sale securities will fund its pipeline programs and operating expenses into 2024.
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VTAQ | Hot Stocks07:43 EST Presto to become public through Ventoux CCM Acquisition Corp. merger agreement - Presto and Ventoux CCM Acquisition Corp. announced that they have entered into a definitive merger agreement that will result in Presto becoming a publicly listed company. The transaction values the combined company at an estimated pro forma equity value of approximately $1B. Upon closing, the company will be renamed Presto Technologies and expects to list its common stock on Nasdaq. The company will continue to be led by founder and CEO Rajat Suri and CFO Ashish Gupta. The board of directors will be chaired by longtime investor Krishna Gupta of REMUS Capital. Pursuant to the business combination, Ventoux will acquire the company through a reverse merger. The business combination values the company at approximately $1.04B pro forma equity value, at $10.00 per share. The transaction will be funded by cash from the Ventoux trust account of approximately $172.5M, assuming no redemptions by Ventoux's stockholders, and $70M of gross proceeds from the issuance of equity and convertible financings in the PIPE transaction. Following the transaction and after the payment of transaction expenses, the company is expected to add over $223.3M of cash to its balance sheet, assuming no redemptions. Assuming no redemptions of Ventoux's shares, the current holders of the company's securities will hold approximately 77% of the issued and outstanding shares of common stock immediately following the close of the transaction. The boards of directors of both the company and Ventoux have unanimously approved the proposed business combination, which is expected to be completed in the first half of 2022, subject to, among other things, the approval by Ventoux's stockholders, satisfaction of the conditions stated in the definitive agreement, including regulatory approvals, and other customary closing conditions, including a registration statement being declared effective by the U.S. Securities and Exchange Commission.
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FNCH | Hot Stocks07:39 EST Finch Therapeutics sees cash, cash equivalents funding operations into mid-2023 - Finch's cash and cash equivalents as of September 30, 2021 was $149.2 million compared to $99.7 million as of December 31, 2020.
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FNCH | Hot Stocks07:39 EST Finch Therapeutics announces upcoming milestones - Initiation of AUSPIRE Phase 1b trial of FIN-211 in children with ASD and GI symptoms anticipated in the first half of 2022, with an interim readout expected from the dose escalation portion of the trial in the second half of 2022 and topline data from the expansion cohort expected in 2023; Initiation of RECLAIM Phase 1b trial of CP101 in chronic HBV infection anticipated in early 2022, with topline data from an initial cohort expected in the second half of 2022; Topline data readout from PRISM4 Phase 3 trial of CP101 in recurrent CDI expected in the first half of 2023.
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DFFN | Hot Stocks07:35 EST Diffusion Pharmaceuticals announces intent to develop TSC for hypoxic tumors - While the Company intends to continue developing data to support TSC's broad potential uses, it has announced that its near-term focus will be the design and execution of a clinical program to support the use of intravenously administered TSC as a treatment for hypoxic solid tumors. "Solid tumors comprise approximately 90% of all adult cancers, and according to the American Cancer Society, roughly 1.9 million new cancer cases will be diagnosed in the U.S. alone during 2021. Hypoxia is a common complicating factor in nearly all solid tumors, directly contributing to treatment resistance and metastatic potential. Tumor hypoxia has been studied for decades and continues to be an area of unmet need that negatively influences treatment outcomes independent of modality," said Chris Galloway, M.D., Chief Medical Officer of Diffusion. Dr. Galloway went on to state, "We believe TSC's unique mechanism of action along with its safety profile has the potential to improve treatment success of solid tumors coincident with standard of care therapy. Diffusion has existing pre-clinical and clinical evidence of TSC's potential positive effects in solid tumors, and now further informative exposure-response data from recently completed studies like the Oxygenation Trials and our COVID-19 trial. Building upon this we are actively working to design a targeted development plan in multiple solid tumor types and plan to submit a briefing document to the FDA in early 2022. In parallel, data from the upcoming Altitude and ILD-DLCO Trials will be used to refine and enhance our understanding of TSC's dose and effects that conceivably translate into a multitude of oncology and non-oncology indications."
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HAL TECK | Hot Stocks07:35 EST Halliburton signs Neftex Predictions agreement with Teck Resources - Halliburton (HAL) announced it signed an agreement with Teck Resources (TECK) to grant Teck access to Neftex Predictions to support their global mineral exploration efforts.
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DFFN | Hot Stocks07:35 EST Diffusion Pharmaceuticals anticipates cash runway through 2023 - As of Sept 30, 2021, Diffusion had cash and cash equivalents of approximately $40.3 million as compared to $18.5 million as of December 31, 2020. The increase was primarily attributable to the proceeds of the Company's public offering of common stock in February 2021. Diffusion estimates that it has sufficient cash to fund operations and capital expenditures through 2023.
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GOOG GOOGL | Hot Stocks07:34 EST EU's General Court dismisses Google appeal, upholds EUR 2.4B fine - The European Union's General Court "largely dismisses" Google's action against the decision of the Commission finding that Google abused its dominant position by favoring its own comparison shopping service over competing comparison shopping services The General Court upholds the fine of EUR 2.42B imposed on Google. The court said: "First of all, the General Court considers that an undertaking's dominant position alone, even one on the scale of Google's, is not a ground of criticism of the undertaking concerned, even if it is planning to expand into a neighbouring market. However, the General Court finds that, by favouring its own comparison shopping service on its general results pages through more favourable display and positioning, while relegating the results from competing comparison services in those pages by means of ranking algorithms, Google departed from competition on the merits." Reference Link
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GE | Hot Stocks07:33 EST General Electric announces launch of debt tender offers - GE announced an offer to purchase for cash: up to $7,000,000,000 aggregate principal amount of the Pool One Securities, issued by GE or an affiliate; up to $7,500,000,000 aggregate principal amount of the Pool Two Securities, issued by GE or an affiliate; and up to $8,500,000,000 aggregate principal amount of the Pool Three Securities, issued by GE or an affiliate. GEusing proceeds from recently closed AerCap GECAS transaction to reduce debt, it said in a statement. It expects to achieve more than $75B of gross debt reduction since 2018 and remains committed to reducing leverage over time.
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HOWL | Hot Stocks07:33 EST Werewolf Therapeutics expects cash to fund operations through at least 2Q23 - As of September 30, 2021, cash and cash equivalents were $170.4 million, compared to $92.6 million as of December 31, 2020. The increase was primarily due to the receipt of $109.2 million in net proceeds from the initial public offering completed in May 2021, offset by operating expenses incurred during the period. Given the strength of its balance sheet, Werewolf expects its existing cash and cash equivalents to enable the funding of its operating expenses and capital expenditure requirements through at least the second quarter of 2023.
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YOU | Hot Stocks07:32 EST Clear Secure's 'High Assurance Mobile Enrollment' approved by Kantara - Clear announced that a new member enrollment and identity verification process, "High Assurance Mobile Enrollment," has been approved as a Component Service by Kantara Initiative. This is in compliance with the requirements of the National Institute of Standards and Technology SP 800-63 rev.3 Class of Approval at Identity Assurance Level 2. Kantara Initiative is an international non-profit focused on improving the trustworthy use of identity and personal data through innovation, standardization and good practice. Kantara's IAL2 certification upholds Clear's commitment and history to safety, trust and privacy.
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HYMC | Hot Stocks07:31 EST Hycroft Mining reports Q3 operating results - Reports production in Q3 of 14,831 ounces of gold and 91,437 ounces of silver represented a 240% and 295% increase in ounces produced, respectively, vs. 3Q20. As of the end of Q3, gold and silver production are approximately 91% and 75% of the mid-point of full year 2021 guidance. The company is discontinuing pre-commercial scale mining at its run-of-mine ("ROM") operation. CEO Diane Garrett said, "We are very disappointed that the challenges and economics for our pre-commercial scale ROM operation necessitates that we cease mining...We believe we are taking the most prudent approach to de-risking the project, including critical steps to continue the important work necessary for the development of this substantial mineral endowment. With respect to the technical study currently underway on the acid pressure oxidation process, we have run pit optimization work to analyze the in-pit value of the orebody under various processing options. The Acid POX process generates significantly higher relative economic value at Hycroft with substantial leverage to even modest increases in precious metals prices. We are extremely encouraged by the preliminary results we have seen on the Acid POX work to date and expect that the pre-feasibility study will highlight the significant value of Hycroft. I am very pleased with the progress we are making, thanks to the focus and diligence of our team and consulting partners as we complete these critical initiatives."
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COGT | Hot Stocks07:26 EST Cogent Biosciences reports Q3 net loss $19.1M vs. $50.0M in 3Q20 - As of September 30, Cogent had cash and cash equivalents of $202.9M. The company believes that its cash and cash equivalents will be sufficient to fund its operating expenses and capital expenditure requirements into 2024. "We are pleased to announce that we have started the SUMMIT trial, a Phase 2 study of bezuclastinib in patients with nonadvanced systemic mastocytosis," said CEO Andrew Robbins. "Based on recently presented preclinical data, we believe that bezuclastinib has best-in-class potential as a highly potent and selective KIT mutant inhibitor and look forward to initiating the PEAK trial for GIST patients in the coming weeks."
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AADI | Hot Stocks07:26 EST Aadi Bioscience expects cash to fund operations into 2024 - As of September 30, 2021, cash and cash equivalents totaled $161.4 million, an increase from $4.5 million as of December 31, 2020, resulting primarily from the consolidated capital and proceeds received from the PIPE financing. Based on our current plans, we expect cash and cash equivalents to fund operations into 2024.
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IKNA | Hot Stocks07:21 EST iKena Oncology sees cash, cash equivalents funding operations through 2023 - As of September 30, 2021, the Company had cash and cash equivalents totaling $245.9M.
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SCOR | Hot Stocks07:17 EST Comscore expands partnership with American Spirit Media - Comscore announced an expanded partnership agreement with American Spirit Media to renew Comscore's Local currency services across its eight television markets. With this new agreement, Comscore will be providing currency measurement data and services, including Comscore's Advanced Automotive and Political segments, to all of ASM's television stations, which are located in Toledo OH, Jackson MS, Columbus GA, Wichita Falls & Lawton TX/OK, Lake Charles LA, and Wilmington NC.
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PYPD | Hot Stocks07:16 EST PolyPid sees cash, cash equivalents fund operations until end of 2022 - As of September 30, 2021, the Company had cash, cash equivalents, short-term deposits, and long-term deposits in the amount of $42.0 million, compared to $67.0 million at December 31, 2020. "In addition, we are progressing our robust clinical development program from a position of financial strength. Our cash runway now extends to year-end 2022, a significant improvement over our prior target of the second quarter of 2022. We continue to have sufficient cash resources to complete the SHIELD I study, prepare for the submission of a New Drug Application to the FDA and further advance our OncoPLEX program," said CEO Amir Weisberg.
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IRBT AMZN | Hot Stocks07:16 EST iRobot teams with Amazon.com on voice-enabled intelligence for home robots - iRobot (IRBT) has teamed with Amazon (AMZN) to further advance voice-enabled intelligence for home robots that will result in more thoughtful, proactive smart home automations. As the first to enable robot vacuums to clean specific rooms by voice using Alexa, iRobot is combining the latest advances in navigation, object identification and artificial intelligence to bring smart home customers powerful capabilities to easily control where, when and how their robots clean.
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DFH | Hot Stocks07:16 EST Dream Finders Homes sees 4,900-5,300 home closings in 2021 - The Company is updating its outlook and now expects 4,900 to 5,300 home closings for DFH, inclusive of MHI, compared to a previous outlook for 5,000 to 6,000 home closings due to longer cycle times as a result of industry wide supply chain challenges. Any further COVID-19 governmental restrictions on land development, home construction or home sales or additional supply chain challenges could negatively impact the Company's ability to achieve this number of home closings in 2021.
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WEN | Hot Stocks07:14 EST Wendy's CEO says continues to grow breakfast business - "We are extremely proud of the progress we are making against our three strategic growth pillars," President and CEO Todd Penegor said. "We continued to grow our breakfast business, digital sales accelerated, and we meaningfully expanded our global footprint in the third quarter. Global Same-Restaurant sales grew in the high-single digits on a 2-year basis, reinforcing the strength of our brand in a challenging environment. Our focus on executing against our key priorities and our continued partnership with the best franchisees in the business give me confidence that we will achieve our vision of becoming the world's most thriving and beloved restaurant brand."
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EVFM | Hot Stocks07:14 EST Evofem submits registration in Mexico for hormone-free contraceptive - Evofem has submitted the registration for its hormone-free contraceptive vaginal gel to the Mexican Regulatory Agency COFEPRIS. This is the first of several strategic regulatory submissions planned under Evofem's 2020 Global Health Agreement with Adjuvant Capital. The goal is to ensure that safe, effective, high-quality contraceptive and STI-prevention products are made available to women and healthcare providers in low and middle income countries on terms that are commercially viable for Evofem Biosciences. If approved by COFEPRIS, Femidence is expected to be available in Mexico in early 2023 through Evofem Biosciences' to-be-named distributor.
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ZNTL | Hot Stocks07:13 EST Zentalis expects cash to fund requirements into 3Q23 - As of September 30, 2021, Zentalis had cash, cash equivalents and marketable securities of $366.8 million. We believe that our existing cash, cash equivalents and marketable securities as of September 30, 2021 will be sufficient to fund our operating expenses and capital expenditures requirements into the third quarter of 2023.
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NUS | Hot Stocks07:12 EST Nu Skin acquires Mavely, terms not disclosed - Nu Skin Enterprises announced the acquisition of Mavely, an emerging social commerce platform that streamlines customer acquisition and social selling. The Mavely acquisition is expected to bring new social selling capabilities to Nu Skin brand affiliates, empowering them to help consumers more effectively discover, share and purchase products. Mavely will continue to operate as its own entity as part of Rhyz, Inc., the strategic investment arm of Nu Skin Enterprises. Founded in 2018, Rhyz is a collection of technology and manufacturing companies acquired and developed to accelerate growth in the core Nu Skin business while also providing services in their respective industries.
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KYMR | Hot Stocks07:07 EST Kymera Therapeutics announces upcoming expected milestones - IRAK4 Degrader Program: Presentation of data from the MAD portion of the Phase 1 trial in healthy volunteers, R&D Day, 12/16/21; Initiation of the Phase 1 patient cohort, including patients with hidradenitis suppurativa and atopic dermatitis in 1Q22; Presentation of Phase 1 data in AD and HS patient cohort in mid-2022. IRAKIMiD Degrader Program: Clearance of KT-413 IND application to allow for subsequent initiation of Phase 1 clinical trial in relapsed/refractory B cell lymphomas, including MYD88-mutant DLBCL in 4Q21; Presentation of additional KT-413 preclinical data and indication expansion strategies in 4Q21 and 1H22; Establish Phase 1 proof-of-mechanism in patients in 2022. STAT3 Degrader Program: Initiation of Phase 1 clinical trial of KT-333 in relapsed/refractory liquid and solid tumors in 4Q21; Establish Phase 1 proof-of-mechanism in patients in 2022.
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WEN | Hot Stocks07:06 EST Wendy's raises share repurchase authorization by $80M - The company announced that its Board of Directors has approved an increase to the company's existing share repurchase authorization of $80M to a total of $300M. As part of this increased authorization, the company intends to launch a $125M accelerated share repurchase program in the fourth quarter of 2021.
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GRTX | Hot Stocks07:04 EST Galera Therapeutics sees cash, cash equivalents funding operations into 2023 - As of September 30, 2021, Galera had cash, cash equivalents and short-term investments of $88.7M.
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WEN | Hot Stocks07:03 EST Wendy's reports Q3 U.S. systemwide sales growth of 3.7% - Reports Q3 International systemwide sales growth 20.2%; Global 5.3%.
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TCRX | Hot Stocks07:03 EST TScan Therapeutics announces expected milestones - Liquid Tumor Programs: TScan's two lead liquid tumor TCR-T therapy candidates, TSC-100 and TSC-101, are designed to target HA-1 and HA-2, respectively, and treat patients with hematological malignancies who are undergoing allogeneic hematopoietic stem cell transplantation. TScan will present two posters related to TSC-100 and TSC-101 at the upcoming ASH Annual Meeting and Exposition. IND-enabling studies and the submission of IND applications to the U.S. Food and Drug Administration are planned for TSC-100 and TSC-101 during the fourth quarter 2021. Following the IND submissions and pending acceptance by the FDA, clinical trials for TSC-100 and TSC-101 are expected to begin in the first half of 2022 with preliminary data expected in the second half of 2022. Solid Tumor Programs: TScan's TSC-200 series of TCR-T therapy candidates include a combination of known targets, such as HPV16 for TSC-200, PRAME for TSC-203, and MAGE-A1 for TSC-204, as well as targets that are novel antigens for TCR-T therapy, such as those for TSC-201 and TSC-202. TScan plans to present preclinical data of the TSC-2xx series during the first half of 2022. TScan plans to progress IND-enabling studies for the TSC-2xx series and submit IND applications during the second half of 2022, including for TSC-200 for HPV, during the second half of 2022. Further INDs are planned for 2023. Infectious Disease Program Research is continuing into potential T cell-focused COVID-19 vaccine constructs utilizing TScan's novel T cell target discoveries.
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TCRX | Hot Stocks07:03 EST TScan Therapeutics expects cash to fund expenses into 2024 - As of September 30, 2021, the Company had cash and cash equivalents totaling $182.3 million, excluding restricted cash of $0.6 million. Based on the Company's current operating plan, TScan expects that cash and cash equivalents as of September 30, 2021, will enable it to fund its operating expenses into 2024.
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WEN | Hot Stocks07:02 EST Wendy's reports Q3 U.S. same-restaurant sales growth 2.1% - Reports Q3 International same-restaurant sales growth of 14.7%; global 3.3%.
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SMWB | Hot Stocks06:56 EST Similarweb acquires mobile insights provider Embee Mobile, terms not disclosed - Similarweb announced its acquisition of Embee Mobile, a San Francisco-based mobile insights provider and market leader in mobile audience analytics, consumer panels, and mobile sampling. Embee data is relied on and incorporated in the offerings of many of the world's leading market research companies. Financial terms of the acquisition were not disclosed.
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DPW | Hot Stocks06:51 EST Ault Global Holdings subsidiary BitNile enters into partnership with Bitmain - Ault Global Holdings' subsidiary, BitNile, has entered into a partnership with Bitmain, with the acquisition of Bitmain's first environmentally friendly S19XP Antminers. The S19XP Antminer is faster and requires less energy than do BitNile's current miners, providing approximately 40% more processing power while using approximately the same amount of power. BitNile is one of only five companies worldwide authorized to acquire and deploy this technology from Bitmain The company intends to provide the expected delivery schedule of the new S19XP Antminers and an update on its revenue forecast for 2022 and 2023 on or about December 20, 2021.
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LAZ | Hot Stocks06:50 EST Lazard reports preliminary AUM approximately $279.7B as of October 31 - The month's AUM included market appreciation of $7.2B, net outflows of $0.6B and foreign exchange appreciation of $0.5B.
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MGA | Hot Stocks06:43 EST Magna-s Normal Course Issuer Bid accepted by Toronto Stock Exchange - Magna's Notice of Intention to Make a Normal Course Issuer Bid has been accepted by the Toronto Stock Exchange. Pursuant to the Notice, Magna may purchase up to 29,948,000 Magna Common Shares, representing approximately 10% of its public float. As at November 1, 2021, Magna had 300,752,976 issued and outstanding Common Shares, including a public float of 299,481,694 Common Shares. The Bid will commence on November 15, 2021 and will terminate no later than November 14, 2022. Magna's current normal course issuer bid announced in November 2020 for the purchase of up to 29,623,300 Common Shares will expire on November 14, 2021. As at the close of trading on November 1, 2021, Magna has purchased 2,903,523 Common Shares at a weighted-average price of $91.52.
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MGA | Hot Stocks06:43 EST Magna-s Normal Course Issuer Bid accepted by Toronto Stock Exchange - Magna's Notice of Intention to Make a Normal Course Issuer Bid has been accepted by the Toronto Stock Exchange. Pursuant to the Notice, Magna may purchase up to 29,948,000 Magna Common Shares, representing approximately 10% of its public float. As at November 1, 2021, Magna had 300,752,976 issued and outstanding Common Shares, including a public float of 299,481,694 Common Shares. The Bid will commence on November 15, 2021 and will terminate no later than November 14, 2022. Magna's current normal course issuer bid announced in November 2020 for the purchase of up to 29,623,300 Common Shares will expire on November 14, 2021. As at the close of trading on November 1, 2021, Magna has purchased 2,903,523 Common Shares at a weighted-average price of $91.52.
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KALV | Hot Stocks06:39 EST KalVista provides update on clinical trial progress for KVD900 - KalVista Pharmaceuticals provided an update on the clinical trial progress for KVD900 in development for oral on-demand treatment of hereditary angioedema. "We had a productive End-of-Phase 2 meeting with the FDA and recently received meeting minutes which confirmed that our Phase 3 trial design, similar to our recent successful Phase 2 trial, is expected to be appropriate to support an NDA submission," said Andrew Crockett, CEO of KalVista. "Our development team is finalizing the Phase 3 trial protocol and preparing for study initiation, and we anticipate patients will be dosed during the first quarter of 2022. KalVista is well-capitalized, with funding until at least early 2024, which we expect takes us beyond data from both this Phase 3 trial and the ongoing Phase 2 trial of KVD824." The Phase 3 clinical trial of KVD900 is a crossover design evaluating dose levels of 300 mg and 600 mg KVD900 against placebo. The primary endpoint of this Phase 3 trial is time to beginning of symptom relief. The trial is expected to be conducted at more than 50 sites worldwide and recruit approximately 100 patients, consistent with late stage trials of approved on-demand treatments for HAE. The trial is intended to evaluate all HAE attacks, including laryngeal attacks and breakthrough attacks for patients using prophylaxis. Similar to the Phase 2 trial for which positive data was announced earlier in 2021, patients will administer treatment as soon as they recognize the onset of an attack. More details will be forthcoming when the trial initiates.
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FLOW | Hot Stocks06:34 EST SPX Flow sees FY21 organic revenue up high-single digits - The company said, "The company expects to deliver quarterly adjusted operating margins of approximately 14.5% in the fourth quarter and 12.5% for the full year. The fourth quarter and full year performance are well ahead of the company's previously announced guidance for the first year of its 3-year framework. In addition to an improved margin outlook, the company is raising expectations for organic revenue growth in 2021. Organic revenue growth for the full-year is now expected to be high-single digits versus a prior assumption of mid-single digits."
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LSEA | Hot Stocks06:14 EST Landsea Homes identifies 'additional material weaknesses' - The company stated, "As previously disclosed, management concluded that the company had a material weakness as of December 31, 2020 relating to the company's internal controls over financial reporting with respect to accounting for warrants that we are currently working to remediate. As an 'emerging growth company' we are not currently required to comply with the SEC rules that implement Section 404 of the Sarbanes-Oxley Act, and are therefore not required to make a formal assessment of the effectiveness of our internal control over financial reporting for that purpose; however, in anticipation of becoming subject to the SEC rules that implement Section 404 of the Sarbanes-Oxley Act by year-end, we have been working to enhance our internal control framework and in doing so, have identified additional material weaknesses relating to an insufficient complement of resources with an appropriate level of expertise, knowledge and training and inadequate documentation of controls commensurate with the financial reporting requirements for an SEC registrant. As management continues to evaluate their internal control environment in preparation for compliance with Section 404 of the Sarbanes-Oxley requirements, additional material weaknesses may be identified."
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AMZN | Hot Stocks06:13 EST Amazon.com announces launch of Amazon Music for Colombia and Chile - Amazon announced the launch of Amazon Music for Colombia and Chile, bringing music fans millions of songs streaming in the highest-quality audio, thousands of locally programmed playlists and stations, top podcasts they already know and love, live streaming in partnership with Twitch, and new Original shows produced exclusively for Amazon Music. Beginning today, customers in Colombia and Chile can access Amazon Music Unlimited, the music-subscription tier with unlimited access to more than 75M songs in High Definition, and millions of songs in Ultra High Definition, the highest-quality streaming audio available, ad-free and on-demand. Music fans can also access an ad-supported selection of top playlists and thousands of stations for free, no subscription or credit card required.
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BRTX | Hot Stocks06:06 EST BioRestorative Therapies names Robert Kristal as CFO - BioRestorative Therapies announced that it has appointed Robert Kristal to the position of CFO. Kristal brings an extensive array of strategic and financial markets experience to the company, including a background in advising global public life sciences companies in corporate finance, operations management systems, and strategic collaborations. Most recently he served as the Head of Research for H.C. Wainwright, growing their research product and presence in the biotech/biopharma space.
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EYE | Hot Stocks06:02 EST National Vision announces $50M share repurchase program
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FVRR | Hot Stocks05:39 EST Fiverr reports Q3 EPS 21c, consensus (1c) - Reports Q3 revenue $74.32M, consensus $71.1M. Active buyers as of September 30 grew to 4.1M, compared to 3.1M as of September 30, 2020, an increase of 33% year over year. Spend per buyer as of September 30 reached $234, compared to $195 as of September 30, 2020, an increase of 20% year over year. Take rate for the quarter ended September 30 was 28.4%, up from 27.0% for the quarter ended September 30, 2020, an increase of 140 basis points year over year. "Fiverr delivered a strong third quarter as we saw revenue growth of 42% y/y. We are also making exciting progress towards our long-term vision of the future of work with the acquisitions of CreativeLive and Stoke Talent, further strengthening our value proposition to increase market share in our massive TAM," said Micha Kaufman, Fiverr's founder and CEO, "I'm also thrilled to announce the launch of our new brand campaign, which deeply resonates with me and underscores our belief that anyone should have access to opportunities to pursue their dreams."
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NE | Hot Stocks05:36 EST Noble Corp., Maersk Drilling to combine in primarily all-stock transaction - Noble Corp and The Drilling Company of 1972, or Maersk Drilling, announced that they have entered into a definitive business combination agreement to combine in a primarily all-stock transaction. Following the completion of the transaction, the Maersk Drilling shareholders and Noble shareholders will each own approximately 50% of the outstanding shares of the combined company. The combined company will be named Noble Corporation and its shares will be listed on the NYSE and Nasdaq Copenhagen. The business combination agreement has been unanimously approved by the boards of Noble and Maersk Drilling, and the transaction is also supported by Noble's top three shareholders, which collectively currently own approximately 53% of Noble shares, and APMH Invest A/S which currently owns approximately 42% of the share capital and votes of Maersk Drilling. In addition, certain foundations related to APMH Invest A/S, which currently own approximately 12% of the share capital and votes of Maersk Drilling, have expressed their intention to support the transaction. The combined company will benefit from a fleet comprising of 20 floaters and 19 jackup rigs across benign and harsh environments. The realization of the potential annual cost synergies of $125M is expected to be front-loaded with the full potential to be realized within two years after closing of the transaction. The synergies are expected to be accretive to free cash flow per share. The combined company is expected to have a normalized free cash flow potential of up to $375M in 2023 and onwards. In the last twelve months ended September, Noble and Maersk Drilling had combined pro-forma revenue of approximately $2.1B. Upon the closing of the transaction, Robert Eifler, Noble's president and CEO, will become president and CEO of the combined company and will be a member of the board. The combined company will have a seven-member board with balanced representation from Noble and Maersk Drilling. The combined company will be headquartered in Houston, Texas, and will maintain an operating presence in Stavanger, Norway, to retain proximity to customers and support operations in the Norwegian sector and the broader North Sea. The transaction will be implemented by way of a merger of Noble with and into a wholly owned subsidiary of Noble Finco, a private limited company formed under the laws of England and Wales and an indirect, wholly owned subsidiary of Noble and a Danish voluntary tender exchange offer by Topco to Maersk Drilling shareholders. In connection with the merger, each outstanding Noble share and penny warrant will be converted into the right to receive one share of Topco, and each issued tranche 1, tranche 2 and tranche 3 warrant will be converted into a warrant to purchase one share of Topco. Additionally, pursuant to the exchange offer, Maersk Drilling shareholders may exchange each Maersk Drilling share for 1.6137 Topco shares, and will in lieu of their entitlement to certain Topco shares have the ability to elect cash consideration for up to $1,000 of their Maersk Drilling shares, subject to an aggregate cash consideration cap of $50M. Pursuant to the terms of the business combination agreement, upon closing of the transaction, the Maersk Drilling shareholders and the Noble shareholders will each own approximately 50% of the outstanding shares of Topco, and those shares will be listed on both the NYSE and Nasdaq Copenhagen. The approximate 50% ownership percentage of the Maersk Drilling and Noble shareholders is calculated using 66.6M shares for Noble shareholders and assumes that all Maersk Drilling shares are tendered in the exchange offer for shares. The transaction is subject to Noble shareholder approval, acceptance of the exchange offer by holders of at least 80% of Maersk Drilling shares, merger clearance and other regulatory approvals, listing on the NYSE and Nasdaq Copenhagen, and other customary conditions. The transaction is targeted to close in mid-2022.
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ERYP | Hot Stocks05:28 EST Erytech Pharma publishes Erycaps study data in Acta Pharmaceutica Sinica B - Erytech Pharma announced the publication of a multiparametric characterization of red blood cells after its proprietary technology Erycaps in the journal Acta Pharmaceutica Sinica B. The aim of the study was to evaluate the impact of hypotonic dialysis using Erycaps encapsulation process on RBCs physiology and integrity, to ensure they can properly achieve their function as drug carriers. Hematological parameters, morphology, proteomic and metabolomic profiles, deformability, lesion markers as well as in vivo biodistribution in a mouse model, were assessed. These parameters were compared between processed RBCs loaded with L-asparaginase, processed RBCs without drug and non-processed RBCs. This multiparametric study was performed in collaboration with academic experts having different expertise in RBC field. In conclusion, a full and in-depth characterization of the physiological, biophysical, metabolomic, proteomic and cellular properties of RBCs after drug loading was performed. This wide characterization allowed to have a systemic and integrative approach to demonstrate that Erycaps hypotonic dialysis encapsulation process induces some changes to RBCs features without substantially affecting their survival or their capacity to carry therapeutics making them suitable as drug carriers.
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MCRB | Hot Stocks05:24 EST Seres Therapeutics, Bacthera enter pact to manufacture SER-109 - Bacthera and Seres Therapeutics announced a collaboration to manufacture SER-109, Seres' lead product candidate for recurrent Clostridioides difficile infection, or rCDI. Under the terms of the agreement, Bacthera is establishing a dedicated facility for commercial manufacturing in its new Microbiome Center of Excellence, a manufacturing site dedicated to the production of LBPs located on Lonza's Ibex campus in Visp, Switzerland. The agreement between Bacthera and Seres Therapeutics aims to expand upon Seres' initial commercial manufacturing supply chain. In addition to Seres' existing manufacturing infrastructure, the collaboration with Bacthera will expand the commercial production capacities of SER-109 and provide supply support. SER-109 has the potential to be the first product within the entire live biotherapeutic industry to be produced commercially. To support the commercial manufacturing needs of SER-109 and other LBPs, Bacthera is establishing a new Microbiome Center of Excellence dedicated to LBP Manufacturing at Lonza's site in Visp, Switzerland. The new Microbiome Center of Excellence will be based on Lonza's proven Ibex Solutions concept for manufacturing, providing capacity for early commercial launches and production. The new Microbiome Center of Excellence will occupy an overall footprint of approximately 12,000 m2 with three manufacturing floors, including capacity for commercial production. One of the three manufacturing floors will be dedicated to the manufacturing of SER-109.
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LTTS MSFT | Hot Stocks05:23 EST L&T Technology Services, Microsoft partner to offer smart manufacturing solution - L&T Technology Services (LTTS) announced that it has entered into an agreement with Microsoft (MSFT) to offer LTTS' Energy & Sustainability Manager Solution on Microsoft Azure to transform and create sustainable factories of the future. This latest agreement is part of LTTS' expanded collaboration with Microsoft to enable enterprises to leverage LTTS' Manufacturing Solution suite hosted on Azure enterprise cloud-first, mobile-first infrastructure.
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LUV | Hot Stocks05:18 EST Southwest enters 15-year agreement with Velocys for 219M gallons of SAF - Southwest announced a 15-year offtake agreement with Velocys Renewables for 219M gallons of sustainable aviation fuel, or SAF. As announced by Velocys, once blended with conventional jet fuel, the SAF could produce the equivalent of 575M gallons of net-zero fuel and avoid 6.5M metric tons of CO2 over the term of the agreement. Southwest plans to begin purchasing SAF from the Velocys Bayou Fuels facility in Natchez, Mississippi, as early as 2026. Additionally, as part of the offtake agreement, Southwest and Velocys have established a long-term strategic relationship, offering Southwest the opportunity to purchase significant volumes of SAF from future Velocys facilities.
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WLTW | Hot Stocks05:15 EST Willis Towers Watson, Indeez announce joint broking partnership in APAC - Willis Towers Watson and European insurtech, Indeez, announced a joint broking partnership to distribute insurance products for independent workers working with digital platforms in Asia Pacific. Through this partnership, Indeez will leverage the local market network and relationships of Willis Towers Watson in Asia Pacific to build tailored protection and benefits programs for the community of gig workers in the region.
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AMPL AMZN | Hot Stocks05:14 EST Amplitude opens EU data center in Frankfurt - Amplitude (AMPL) announced the opening of its EU data center in Frankfurt, Germany. Amplitude's new data center supports its EU customer base and the increasing number of companies investing in digital products. Amplitude selected Amazon (AMZN) Web Services, or AWS, which is known for its privacy and security protections, to host its data center so Amplitude customers can achieve product innovation and data privacy compliance at the same time. Amplitude's separate, physically isolated EU data center supports not only data storage, but also data ingestion, querying and visualization.
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NXPI F | Hot Stocks05:11 EST NXP Semiconductors, Ford collaborate on car experiences and services - NXP Semiconductors (NXPI) announced a collaboration with the Ford (F) to deliver driver experiences, convenience and services across its global fleet of vehicles, including the 2021 Ford F-150 pickup, Mustang Mach-E and Bronco SUVs. Ford's new fully networked vehicle architecture implements NXP's vehicle networking processors and the i.MX 8 Series processors, working together to upgrade vehicles. NXP's vehicle network processors provide in-vehicle networking and enable the gateway to rapidly deploy over-the-air, or OTA, software updates and new services, while processing and sending vehicle data to the cloud. The NXP i.MX 8 Series processors help enable Ford SYNC4 to deliver multimedia user experiences enabling in-car productivity, cloud services, enhanced voice recognition, and location-based applications.
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IMAB | Hot Stocks05:07 EST Jumpcan to pay I-Mab RMB 224M upfront in eftansomatropin alfa partnership - I-Mab announced today that it has entered into a strategic collaboration agreement with Jumpcan, a China pharmaceutical company specialized in and committed to pediatric medicines, for the development, manufacturing and commercialization of I-Mab's recombinant human growth hormone, eftansomatropin alfa in mainland China. I-Mab will be the marketing authorization holder of the product and supply the product at agreed cost to Jumpcan. Jumpcan will be responsible for commercializing the product and developing new indications in collaboration with I-Mab in mainland China. I-Mab will provide clinical, manufacturing and academic support. According to the terms of the collaboration agreement, Jumpcan will make an upfront payment of RMB 224M to I-Mab and, upon achievement of development, registration and sales milestones, certain milestone payments of up to RMB 1.79B, making the non-royalty payments a total of up to RMB 2.02B. In addition, I-Mab and Jumpcan will share profits generated from commercialization of the product in mainland China on a 50/50 basis, pursuant to which I-Mab will be entitled to receive tiered low double-digit royalties on net sales.
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MEIP | Hot Stocks04:47 EST MEI Pharma granted orphan status for lymphoma treatment - The FDA granted MEI Pharma orphan status for its treatment of follicular lymphoma Zandelisib. Reference Link
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OSH | Hot Stocks04:42 EST Oak Street Health sinks after receiving civil investigative demand from DOJ - Oak Street Health disclosed yesterday morning that on November 1, it received a civil investigative demand from the United States Department of Justice. The Department of Justice is investigating whether the company may have violated the False Claims Act. The civil investigative demand requests certain documents and information related to Oak Street's relationships with third-party marketing agents and related to the company's provision of free transportation to federal health care beneficiaries and requests information and documents related to such matters. "We intend to cooperate with the Department of Justice and produce information and documentation in response to the CID. We are currently unable to predict the outcome of this investigation or whether litigation is probable. Regardless of the outcome, this inquiry has the potential to have an adverse impact on us due to any related defense and settlement costs, diversion of management resources, and other factors," Oak Street added. The stock closed Tuesday down 21% to $37.14.
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