Stockwinners Market Radar for November 11, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
DDD | Hot Stocks20:51 EST Cathie Wood's ARK Investment bought 2.03M shares of 3D Systems on Thursday
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ZM | Hot Stocks20:51 EST Cathie Wood's ARK Investment bought 212.8K shares of Zoom Video on Thursday
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BLDP | Hot Stocks20:01 EST Ballard Power acquires Arcola Energy for up to $40M - Ballard Power Systems announced the acquisition of Arcola Energy, a UK-based systems engineering company specializing in hydrogen fuel cell powertrain and vehicle systems integration. Ballard acquired 100% of Arcola for total upfront and earn-out cash and share consideration of up to $40M, based on the achievement of certain performance milestones.
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SNDL | Hot Stocks19:20 EST Sundial Growers announces C$100M share buyback
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ABNB... | Hot Stocks18:23 EST AirBNB, DoorDash, Coinbase, Affirm Holdings among names added to U.S. MSCI - As part of its semiannual index review, MSCI has added Airbnb (ABNB), DoorDash (DASH), Coinbase (COIN), Affirm Holdings (AFRM), Robinhood (HOOD), Upstart (UPST), and UiPath (PATH), among other names. Full list of stocks added and deleted is available here: Reference Link
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GDDY | Hot Stocks18:10 EST GoDaddy to acquire Pagely, terms not disclosed - GoDaddy announced it entered into a definitive agreement to acquire Pagely, the company that invented Managed WordPress in 2009. Terms of the deal were not disclosed. "GoDaddy is committed to helping small businesses grow through seamlessly intuitive Omnicommerce solutions that empower them to sell anything, anywhere," said Osama Bedier. About the acquisition, Bedier noted, "Pagely possesses the platform, expertise and reputation to help us extend that mission to the WooCommerce ecosystem, creating the next generation of managed commerce."
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ADPT | Hot Stocks17:55 EST Adaptive Biotechnologies gets updated coverage for its MRD assay - The company states: "Adaptive Biotechnologies announced that Palmetto GBA's Molecular Diagnostics Program, or MolDX, has finalized a local coverage determination which supports the Medicare coverage for clonoSEQ to detect and monitor minimal residual disease in patients with B-cell acute lymphoblastic leukemia, multiple myeloma and chronic lymphocytic leukemia."
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BIIB ESALY | Hot Stocks17:17 EST Biogen, Eisai report new data from Phase 3 clinical trials of ADUHELM - Biogen (BIIB) and Eisai (ESALY) announced that data from approximately 7,000 plasma samples from more than 1,800 patients in the ADUHELM Phase 3 clinical trials showed a statistically significant correlation between plasma p-tau reduction and less cognitive and functional decline in Alzheimer's disease. Reductions in plasma p-tau181 were also correlated with a lowering of amyloid beta plaque. The pre-specified analysis of plasma samples was conducted by an independent lab, drawing from the two pivotal ADUHELM Phase 3 EMERGE and ENGAGE trials. The findings were presented today at the Clinical Trials on Alzheimer's Disease conference, held November 9-12 virtually and in Boston, Massachusetts. The analysis highlighted that ADUHELM significantly reduced tau pathology, a defining feature of Alzheimer's disease, as measured by plasma p-tau181, when compared to placebo. The effect was greater with higher doses and longer duration of ADUHELM treatment. Greater reduction in plasma p-tau181 also had a statistically significant correlation with less decline in cognition and function in ADUHELM-treated patients. Furthermore, the analysis demonstrated a statistically significant correlation between change in plasma p-tau181 and lowering of amyloid beta plaque, showing the effect of ADUHELM on the two core pathological features of Alzheimer's disease. The findings showed that ADUHELM significantly lowered plasma p-tau181 in a dose- and time-dependent manner vs. placebo in both Phase 3 trials. In the EMERGE high-dose group, p-tau decreased 13% from baseline, while placebo rose 8%; in the ENGAGE high-dose group, p-tau decreased 16% from baseline, while placebo rose 9%. Biogen also presented data from the Phase 3b redosing study, EMBARK, which examined the impact of patients with Alzheimer's disease stopping ADUHELM treatment for an extended period of time (average length of 1.7 years) before re-initiating treatment. The study showed that reductions in amyloid beta plaque were maintained in the high-dose group during the treatment gap period compared to the placebo group. Although the disease continued to progress after treatment discontinuation, numerical differences in favor of ADUHELM were maintained across clinical endpoints.
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FRGI | Hot Stocks16:44 EST Fiesta Restaurant targets return to adjusted EBITDA margins in 18%-20% - CEO Richard Stockinger says: "In order to improve margins after the wage rate increases, we implemented a phased approach to price increases of 3.7% in mid-third quarter with approximately 4% to 6% planned for the fourth quarter along with accelerating our ongoing actions to optimize restaurant labor efficiency. Those actions have already resulted in Restaurant-level Adjusted EBITDA margin improvement, a non-GAAP financial measure, based on preliminary October 2021 results compared to the third quarter of 2021. Restaurant-level Adjusted EBITDA margins declined during the third quarter compared to 2020 primarily due to hourly wage rate increases, short-term hiring incentives, and additional overtime and training. A large portion of those increases are short term only, estimated at $0.9M, or approximately 100 basis points as a percentage of sales. Third quarter 2021 loss from continuing operations was $3.2M compared to income from continuing operations in the third quarter of 2020 of $4.4M. As we look toward the balance of the year, we are focused on continuing efforts to be a preferred employer and accelerating our margin improvement above the third quarter of 2021. We are targeting Restaurant-level Adjusted EBITDA margins returning to the 18% to 20% range in the first half of 2022, barring unforeseen changes in our cost structure and operating environment. In addition, we will continue enhancing the customer experience across all service channels, further investing in our growing digital platform, and refining our brand proposition and new unit design features in remodel tests to drive future growth."
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XOS | Hot Stocks16:41 EST Xos debuts Lyra Series battery systems to be installed on new Xos vehicles - Xos unveiled its Lyra Series of battery systems, including the Lyra 30 and Lyra 60 to be installed on new Xos vehicles beginning in Q4 of 2021. The second series of proprietary battery systems built and designed by Xos, the Lyra Series features a system level 52% improvement in gravimetric energy density and a 45% improvement in volumetric energy density, offering a lighter overall pack that is more compact for the same, or more, net payload capability. "This new series of battery systems builds on the proven durability and reliability of our previous battery systems that have been in commercial use since 2018, while delivering greater efficiency and modularity to meet a broad set of customer requirements," said Giordano Sordoni, Co-Founder and Chief Operating Officer of Xos. "We have long been focused on manufacturing purpose-built batteries that can stand up to the rigors of commercial use. This next generation battery system represents a significant milestone on our journey of continuous improvement around our battery technology." "Like all our batteries, the Lyra Series has been designed from the ground up and built specifically for the commercial trucking market," said Rob Ferber, Chief Technology Officer at Xos, Inc. "Everything in each system is our design, our manufacturing, and our supply chain. This allows us to be nimble in introducing enhancements or maneuvering around current supply chain challenges, and allows us to operate and scale production more quickly and with greater flexibility."
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TNL | Hot Stocks16:31 EST Travel + Leisure raises quarterly dividend to 35c per share form 30c - The board of directors of Travel + Leisure Co. has declared a regular cash dividend on the company's common stock, increasing the quarterly dividend rate to 35c per share, up from 30c per share. The dividend is payable December 30, 2021 to shareholders of record as of December 15, 2021. On an annualized basis, the dividend increases to $1.40 cents per share, up nearly 17% from the previous annualized level of $1.20 per share. "The continued payment of a dividend throughout the pandemic demonstrated our confidence in the resiliency of this business and its ability to generate free cash flow," said Mike Hug, chief financial officer of Travel + Leisure Co. "The dividend increase announced today reflects the strategy we shared at our Investor Day in September to deploy additional free cash flow to increase the returns to our shareholders."
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AFIB | Hot Stocks16:30 EST Acutus begins CE Mark study for PFA catheter and system for A-Fib - Acutus Medical announced the initiation of AcQForce PFA-CE, a new clinical study that will evaluate the safety and performance of the company's focal force sensing Pulsed Field Ablation, PFA, catheter and system in combination with its novel noncontact 3D mapping system in treating patients with atrial fibrillation. The first patients were successfully treated at Na Homolce Hospital in the Czech Republic by Dr. Petr Neuzil, the Primary Investigator and Head of the Department of Cardiology, along with his colleague Dr. Jan Petru, and Drs. Vivek Reddy and Jacob Koruth from Mount Sinai Health System. Dr. Doug Gibson of Scripps Memorial Hospital is serving as the site's primary technology advisor. "The vision for pioneering Pulsed Field Ablation treatment was primarily due to PFA's ability to have high-impact treatment while preserving healthy tissue. As physicians, we know that the majority of our patients that come back for re-treatment following ablation for atrial fibrillation have triggers in various locations beyond the standard course of care, and it's imperative for us to research beyond pulmonary vein isolation-only utilizations," said Dr. Steven Mickelsen, Acutus' Chief Translational Science Officer and founder of PFA pioneer Farapulse, Inc. "PFA lesion volume and contours follow well-defined and predictable electromagnetic rules, and the technology lends itself well to integration into 3D mapping systems like AcQMap. This paves the way for a higher degree of certainty and efficacy when ablating specific areas of the heart inclusive of and outside the pulmonary veins. We're working towards a future where we can quickly create a 3D electroanatomic map of a complex arrhythmia like atrial fibrillation, and deliver precise, individualized and durable therapy with dramatically improved safety, reliability and workflow."
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X | Hot Stocks16:27 EST U.S. Steel permanently de-risks portion of its pension plan - United States Steel Corporation announced it has purchased group annuity contracts from Banner Life Insurance Company and William Penn Life Insurance Company of New York to transfer approximately $284M of the company's pension plan obligations to Legal & General. The purchase of the group annuity contracts will be funded directly by the assets of the pension plan. "Legal & General was carefully selected by an independent fiduciary as a highly rated and experienced retirement benefits provider to ensure our retirees' benefits are secured and maintained, a continued priority of our Best for AllSM strategy," said U. S. Steel President and Chief Executive Officer David B. Burritt. "This transaction is yet another meaningful step in strengthening the Company's balance sheet and further de-risking our pension plan, a plan that remains more than 100% funded and is an important source of differentiation versus some peers in the steel industry." The purchase results in the transfer of administrative and benefit-paying responsibilities for approximately 17,800 U.S. retirees and beneficiaries to Legal & General. Legal & General will begin paying benefits for certain retirees and beneficiaries in the United States Steel Corporation Plan for Employee Pension Benefits (Revision of 2003) on January 1, 2022. There will be no change to the pension benefits for any retirees and beneficiaries as a result of the transaction. Details will be provided to retirees and beneficiaries whose continuing payments will be fulfilled by Legal & General. As a result of the transaction, the company expects to recognize a non-cash pension settlement charge of approximately $110M, subject to finalization of actuarial assumptions and other applicable adjustments in the fourth quarter of 2021.
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ELMS SRI | Hot Stocks16:25 EST Electric Last Mile Solutions names Thomas Dono chief legal officer - Electric Last Mile Solutions (ELMS) announced Thomas M. Dono, Jr. has been named Chief Legal Officer and Corporate Secretary. "Tom brings more than 20 years of experience across the automotive and technology industries, and deep expertise in ESG, SEC reporting, enterprise risk management, and commercial and international law," said James Taylor, CEO of ELMS. "The addition of Tom is yet another key executive who will be integral to continuing ELMS' focus to redefine the future of urban mobility." Most recently, Dono served as Chief Legal Officer and Corporate Secretary at Stoneridge (SRI).
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RYAN | Hot Stocks16:18 EST Ryan Specialty Group raises FY21 organic revenue growth view to 21.5%-22.5% - Prior forecast was 18%-20%. Raises FY21 EBITDAC margin view to 31.5%-32.0% from prior view of 30.0%-30.5%.
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RIDE | Hot Stocks16:18 EST Lordstown Motors sees FY21 capital expenditures $330M-$350M - Sees FY21 cash balance $150M-$180M. The company said, "Endurance commercial production and deliveries beginning in the third quarter of 2022; building a limited number of vehicles for testing, validation, verification, and regulatory approvals during the remainder of 2021 and the first quarter of 2022."
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ETNB | Hot Stocks16:14 EST 89bio announces anticipated milestones - Report topline data from the open-label histology cohort in biopsy-confirmed fibrosis stage F2 - F3 NASH patients in early to mid-January 2022. Report topline data from the Phase 2 ENTRIGUE trial of BIO89-100 in severe hypertriglyceridemia patients in the first half of 2022. Present new analyses from the Phase 1b/2a NASH trial of BIO89-100 showing beneficial effects on spleen volume in an oral presentation at AASLD's The Liver Meeting 2021. Continue to enroll patients in the ENLIVEN Phase 2b trial of BIO89-100 for the treatment of NASH.
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ALTG | Hot Stocks16:11 EST Alta Equipment Group raises FY21 adjusted EBITDA view to $113M-$116M - Previous view $110M-$115M.
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LVOX | Hot Stocks16:10 EST LiveVox affirms FY22 contract revenue growth of 25% - The company states: "For the full year 2022, while we are still not providing formal guidance, we do reaffirm a minimum year-over-year growth rate in Contract Revenue of 25% based on our recent bookings momentum."
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ARRY | Hot Stocks16:10 EST Array Technologies says 'hangover' effect on margins to dissipate in Q1 - "We are making good progress working off our legacy, lower priced backlog and we believe the 'hangover' effect on our margins from those orders will dissipate by the first quarter of 2022. We believe our full year 2021 results will be within the range of the guidance we have provided, but likely at the lower end given continued constraints on freight availability which could impact our ability to ship product in the fourth quarter. Any shipments that are delayed from the fourth quarter will result in higher revenues in the first quarter of 2022" said Nipul Patel, CFO of Array Technologies.
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FLO | Hot Stocks16:09 EST Flowers Foods sees FY21 CapEx $125M-$135M
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XPOF | Hot Stocks16:08 EST Xponential Fitness reports Q3 North American SSS growth of 65% vs. last year - Increased North American system-wide sales by 93% year-over-year to $192.4M.
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GH | Hot Stocks16:07 EST Guardant Health announces Guardant360 test helps guide cancer treatment - The company states: "Guardant Health announced that a study published in Nature Medicine reinforces the benefits of using the Guardant360(R) liquid biopsy test to help guide treatment decisions for patients with HER2-driven metastatic colorectal cancer. Led by the National Cancer Center Hospital East in Japan, the study demonstrates that the Guardant360 test can select patients for HER2-directed therapy, identify which patients are responding to treatment, as well as identify genetic alterations that predict resistance. The Phase 2 TRastuzumab combIned with pertuzUMab for Patients with Her2-positive mCRC study evaluated the efficacy of targeted therapy pertuzumab plus trastuzumab in patients with mCRC harboring HER2 amplification as detected by analysis of circulating tumor DNA or tissue genotyping. All patients were previously treated with monoclonal antibodies targeting EGFR. Additional exploratory analyses were conducted to evaluate the utility of ctDNA genotyping to predict treatment efficacy, monitor response, and identify the resistance mechanisms."
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AGNC | Hot Stocks16:03 EST AGNC Investment reports estimated tangible net book value of $16.47 per share - As of October 31.
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SPOT | Hot Stocks16:02 EST Spotify to acquire Findaway, terms not disclosed - Spotify "announced it has entered into a definitive agreement to acquire Findaway, a global leader in digital audiobook distribution. Terms of the transaction were not disclosed. The company will maintain its headquarters in Solon, Ohio and will continue to be led by Findaway Founder & CEO Mitch Kroll, who will report to Nir Zicherman, Head of Audiobooks at Spotify. The transaction is expected to close in the fourth quarter of 2021 and is subject to regulatory review and approval."
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SINT | Hot Stocks15:46 EST Sintx reports NIH grant to investigate medical 3D printing with silicon nitride - In a post to its website dated November 11, Sintx Technologies states in part: "3D printing in medicine can be used to manufacture custom medical implants for many different applications, including spine, dental, and oral and maxillofacial surgery. Using silicon nitride for these implants can give them antibacterial and osteogenic properties. The National Institute of Health awarded SINTX $308,301 in a Phase 1 grant to fund research addressing antibacterial and ossesointegrative properties of silicon nitride, representing the first NIH grant that SINTX has received to date. The government-funded research will be a collaboration between SINTX and Drexel University, Thomas Jefferson University, and the University of Pennsylvania School of Veterinary Medicine over the next 9-11 months. SINTX hopes to demonstrate static compression, shear, and torsion strength of 3D printed SN-PEEK cages that exceed the loading requirements guidelines established by the American Society for Testing and Materials." Reference Link
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ACI | Hot Stocks15:37 EST Albertsons announces launch of retail media network - Albertsons Companies announced the launch of Albertsons Media Collective, which it calls "a retail media network designed to deliver digitally native, shopper-centric and engaging branded content to the company's ever-growing network of shoppers." The company added: "With retail media networks rapidly reshaping the advertising space across the consumer media sector, Albertsons Media Collective, led by Kristi Argyilan, Albertsons Cos.' SVP of Retail Media, will offer partners a digital marketing platform and omnichannel solutions with the core consumer in mind." Brand campaigns will begin February 27, 2022, and "allow partners to access some of the most valuable positions across Albertsons Companies' websites and apps," the company added.
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ZURVY | Hot Stocks15:02 EST Zurich Insurance agrees to acquire Special Insurance Services - Zurich American Insurance Company announced it has signed an agreement to acquire Special Insurance Services, a Texas-based program manager whose offerings include gap medical and occupational accident insurance products. "The acquisition will expand ZAIC's supplemental health insurance solutions that help businesses and individuals better manage medical costs," the company said. The acquisition of SIS is expected to be completed in early 2022.
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OCGN | Hot Stocks14:37 EST Ocugen says COVAXIN showed 77.8% overall efficacy against COVID-19 in study
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OCGN | Hot Stocks14:36 EST Ocugen says COVAXIN showed 93.4% efficacy against severe COVID-19 in study
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DASH PYFRF | Hot Stocks14:35 EST DoorDash, Payfare launch instant pay nationwide - Last night, DoorDash (DASH) and Payfare (PYFRF) announced instant access to earnings for DoorDash delivery drivers across the United States via DasherDirect. DasherDirect is a financial platform and digital banking solution for Dashers, powered by Payfare. Through DasherDirect, Dashers gain access to automatic, no-fee payouts after every dash, in direct response to Dasher feedback requesting faster access to their earnings. According to the companies, DasherDirect offers Dashers a Business Prepaid Visa Card and mobile banking app along with free digital banking and exclusive rewards, including 2% cash back on every gas purchase. "With no credit check or prior bank account required to sign up, DasherDirect offers Dashers access to quality, secure digital banking on the go, including free withdrawals at more than 20,000 ATMs nationwide. DasherDirect also offers free fund transfers with no minimums, the ability to set savings goals and now earnings available in their DasherDirect account within minutes after every dash," the companies added. The DasherDirect app is available for iOS and Android mobile users on the Apple App Store and Google Play Store. The DasherDirect Business Prepaid Visa Card is issued by Stride Bank, member FDIC, pursuant to a license from Visa U.S.A.
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OCGN | Hot Stocks14:35 EST Ocugen 'pleased' The Lancet published COVAXIN Phase 3 study results - Ocugen issued the following statement: "We are pleased that The Lancet, a trusted source of clinical, public health and global health knowledge, published Phase 3 data showing the COVID-19 vaccine candidate, COVAXIN, has 93.4% efficacy against severe COVID-19 disease. COVAXIN, a whole virion inactivated COVID-19 vaccine candidate, uses the same technology that is safely and effectively applied in the production of Bharat Biotech's polio vaccine. These data were critical in the World Health Organization's recent decision to place this vaccine on its global Emergency Use List, which now applies to more than 96 countries. COVAXIN demonstrated 77.8% overall efficacy, 63.6% efficacy against asymptomatic disease and 65.2% efficacy against the Delta variant in the Phase 3 clinical trial of nearly 25,800 participants. Adverse events reported in the trial were low, with 12.4% of subjects experiencing commonly known side effects and less than 0.5% of subjects experiencing serious adverse events, which is consistent with data from other vaccines that apply whole-virion technology. Both adverse events and serious adverse events reported in the vaccine group were reported at similar rates to the placebo group. The trial was conducted in India and sponsored by Bharat Biopharma. More than 150 million doses of COVAXIN have already been manufactured and administered. These results make it the only vaccine to show efficacy against the COVID-19 Delta variant in a controlled Phase 3 clinical trial. The rapid spread of the Delta variant makes it clear that expanding protection against this variant is critically important. With vaccination rates still significantly below those needed for herd immunity, there is an urgent need for additional vaccine options. We look forward to bringing COVAXIN to Canada and the United States. We recently submitted an Investigational New Drug application to the U.S. Food and Drug Administration an Investigational New Drug application to initiate a Phase 3 clinical trial evaluating COVAXIN for the prevention of COVID-19 in adults as well as a submission for an Emergency Use Authorization request for the use of COVAXIN in children, 2-18 years of age. Our rolling submission for emergency use authorization for COVAXIN with Health Canada is proceeding. We are confident that upon its approval, this vaccine's positive safety and efficacy data, along with its established technology platform, will make it a strong tool in the fight against this pandemic and may help to overcome vaccine hesitancy for many." Reference Link
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PENN | Hot Stocks14:28 EST Penn National up after Portnoy tweet on 'exposing Business Insider hit piece' - Shares of Penn National are higher in afternoon trading after Barstool founder Dave Portnoy tweeted about how he was going to "expose" Business Insider's "hit piece" along with a link to a broadcast he was hosting. Previously, on November 4, shares of Penn National Gaming fell after Business Insider reported on sexual assault allegations against Portnoy. In Thursday afternoon trading, Penn National shares are up 4%. Reference Link
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PENN | Hot Stocks14:07 EST Penn National up 5% in afternoon trading - Shares of Penn National Gaming were recently up $2.92, or 5%, to $59.18 near 2 pm ET.
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AMZN AAPL | Hot Stocks14:05 EST Amazon to let users share clips from Prime Video shows on iOS phones - Amazon (AMZN) said that users can you send scenes from various Amazon Original series straight from their iOS (AAPL) phones. "With X-Ray technology, Prime Video customers can now share their favorite clips from select Amazon Original series with friends and family on social media, or via direct message," the company said in a blog post. "From the first scene in Season One of The Boys, to the first time Toni and Shelby meet in The Wilds, to that jaw-dropping reveal at the end of Invincible Episode One, and the many adventures of Dale, Derica, Benny, and Truman in Fairfax, there are plenty of snackable scenes to share." This feature will be available for The Boys, The Wilds, Invincible, and Fairfax, with more Amazon Original movies and series to follow. Reference Link
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GIS | Hot Stocks13:41 EST General Mills off lows after Bloomberg reports on exploring sale of some brands
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ZNGA | Hot Stocks13:34 EST Zynga acquires mobile game studios ByteTyper, Creasaur Entertainment and ZeroSum - Rollic, a subsidiary of Zynga, announced that it has recently closed the acquisitions of three Turkey-based mobile game studios: ByteTyper, Creasaur Entertainment and ZeroSum. "All three studios have previously published games with Rollic and will continue to develop original mobile titles in-house under the Rollic umbrella," Zynga said. The trio of "hit-making mobile game developers add to Rollic's fast-paced growth," said Zynga, which added that Rollic has surpassed 1 billion total downloads worldwide with three of its titles surpassing 100 million downloads each and 16 of its titles reaching the #1 or #2 top free downloaded game positions in the U.S. App Store to date. Reference Link
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LLY | Hot Stocks13:33 EST Eli Lilly, Boehringer Ingelheim announce FDA acceptance of sNDA for Jardiance - The U.S. Food and Drug Administration has accepted a supplemental New Drug Application and granted Priority Review for Jardiance 10 mg, which is being investigated as a potential new treatment to reduce the risk of cardiovascular death plus hospitalization for heart failure in adults with heart failure independent of left ventricular ejection fraction, Boehringer Ingelheim and Eli Lilly and Company announced. The sNDA is based on results from the EMPEROR-Preserved phase III trial, in which Jardiance was associated with a 21% relative risk reduction for the composite primary endpoint of cardiovascular death or hospitalization for heart failure in adults with heart failure with LVEF over 40% compared with placebo. Results were independent of ejection fraction or diabetes status. Results from EMPEROR-Preserved were presented at the European Society of Cardiology Congress 2021 and published in The New England Journal of Medicine.
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MRNA | Hot Stocks13:02 EST Moderna disagrees NIAID scientists co-invented mRNA sequence claims - In a statement, Moderna said: "Moderna has recognized the substantial role that the NIAID has played in helping to develop Moderna's COVID-19 vaccine by including NIAID scientists as co-inventors on published patent applications where they have made inventive contributions. Under U.S. patent law, there are strict rules for determining who should be listed as inventors on a patent. Just because someone is an inventor on one patent application relating to our COVID-19 vaccine does not mean they are an inventor on every patent application relating to the vaccine. We do not agree that NIAID scientists co-invented claims to the mRNA sequence of our COVID-19 vaccine. The mRNA sequence was selected exclusively by Moderna scientists using Moderna's technology and without input of NIAID scientists, who were not even aware of the mRNA sequence until after the patent application had already been filed. Therefore, only our scientists can be listed as the inventors on these claims. This conclusion is supported NIAID's own patent filings, specifically a separate patent application filed on February 11, 2020 with the University of Texas where NIAID scientists claim to have invented similar subject matter. As a legal and practical matter, the same thing cannot be claimed to be invented twice by the same people working with two different collaborators. For those who would seek to twist Moderna's good faith application of U.S. patent law, nothing could be further from the truth. Moderna remains the only company to have pledged not to enforce its COVID-19 intellectual property during the pandemic . Moreover, on September 29th, Moderna offered to resolve its dispute with NIAID by making the government co-owners of those patent applications that only listed Moderna scientists as inventors, including the right as co-owners to license the patents as they see fit. Moderna is grateful for our collaboration with NIH scientists, and highly value their contributions. We remain focused on working together with our collaborators to address the pandemic."
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AMZN NTDOY | Hot Stocks12:59 EST Amazon's Twitch now available on Nintendo Switch - Amazon's (AMZN) Twitch service is now available on Nintendo Switch (NTDOY) consoles. "Starting today, all the Twitch goodness you care about from gaming, to music, to exciting live esports - it's all available on your Nintendo Switch," Twitch said in a blog post. "With millions of unique creators every day streaming everything under the sun, if it's worth watching, it's live on Twitch right now." Reference Link
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HOOD | Hot Stocks12:52 EST Robinhood says all systems operational following login issue - According to Robinhood's status webpage, all systems are operational following a reported login issue for customers. Reference Link
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NTP | Hot Stocks12:47 EST Nam Tai Property issues statement on hearing of three applications - Nam Tai Property provided an update regarding the hearing held on November 8, 2021 in relation to the three applications filed on October 18, 2021, subsequent to the judgment handed down on October 4, 2021 by the Eastern Caribbean Court of Appeal in the British Virgin Islands, namely the applications for: (i) conditional leave to appeal to the Judicial Committee of the Privy Council of the United Kingdom; (ii) a stay of execution to stay a special meeting of shareholders of the Company which the Court of Appeal had ordered the company to convene and hold at 9:00 a.m. Eastern Time on November 30, 2021; and (iii) a variation of the order of the Court of Appeal dated October 4, 2021 which ordered that only holders of the company's common shares of record at close of business on March 15, 2021 would be entitled to vote at the Special Meeting. The Three Applications were heard by the Court of Appeal on November 8, 2021. On November 10, 2021, the Court of Appeal delivered its decision whereby: (i) the Application for Conditional Leave to Appeal was granted and the company was directed to comply with the conditions imposed by the Court of Appeal in allowing the Application for Conditional Leave to Appeal within 90 days from November 8, 2021 and (ii) the Applications for a Stay and for Variation of the Order were both declined.
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MDU | Hot Stocks12:39 EST MDU Resources raised quarterly dividend to 21.75c from 21.25c - MDU Resources Group said its board increased the company's quarterly common stock dividend to 21.75c per share, for an annualized dividend of 87c per share. The previous quarterly dividend was 21.25c per share. The quarterly dividend is payable January 1, 2022, to stockholders of record December 9, 2021. "We remain committed to paying dividends to our shareholders as part of the total value they receive from their investment in MDU Resources," said Dennis Johnson, chair of the board. "We also are proud of our long tradition of annually increasing those dividends."
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BABA | Hot Stocks12:11 EST Alibaba reports Singles' Day gross merchandise volume RMB 540.3B - Alibaba said its Singles' Day shopping festival generated 540.3B yuan in gross merchandise volume during the 11-day campaign, exceeding the 498.2B yuan produced in 2020.
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OSCR | Hot Stocks12:01 EST Oscar Health falls -23.5% - Oscar Health is down -23.5%, or -$3.88 to $12.64.
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BHG | Hot Stocks12:01 EST Bright Health falls -25.0% - Bright Health is down -25.0%, or -$1.82 to $5.47.
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PSFE | Hot Stocks12:01 EST Paysafe falls -40.2% - Paysafe is down -40.2%, or -$2.92 to $4.35.
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DDS | Hot Stocks12:00 EST Dillard's rises 14.6% - Dillard's is up 14.6%, or $43.10 to $339.10.
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FSR | Hot Stocks12:00 EST Fisker rises 15.7% - Fisker is up 15.7%, or $2.96 to $21.85.
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BW | Hot Stocks12:00 EST Babcock & Wilcox rises 18.7% - Babcock & Wilcox is up 18.7%, or $1.39 to $8.79.
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NTRA | Hot Stocks11:55 EST Medicare expands coverage of Natera's Signatera beyond initial indication - Natera announced that the CMS Molecular Diagnostics Services Program has issued a final local coverage determination for pan-cancer immunotherapy monitoring using its Signatera molecular residual disease test. An accompanying Billing and Coding Article specifies that serial testing with Signatera is now covered for Medicare patients being treated with immunotherapy, regardless of tumor type, the company said in a statement. The final LCD is consistent with the draft posted in September 2020, also establishing an accelerated pathway to Signatera coverage in new testing indications.
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JD | Hot Stocks11:42 EST JD.com reports Singles Day Grand Promotion volume of RMB 394.1B - JD.com reported a "record-breaking" Singles Day Grand Promotion on November 12, with transaction volume totaling RMB 349.1B yuan at the midnight of November 11, ending the 11-day promotion that started on October 31. Transaction volume of 31 brands surpassed RMB 1B yuan with Apple surpassing RMB 10B yuan, the company said in a statement. Reference Link
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CRTX | Hot Stocks11:32 EST Cortexyme to present additional data from Phase 2/3 GAIN trial - Cortexyme will present additional data from its Phase 2/3 GAIN Trial at the 14th Clinical Trials on Alzheimer's Disease Conference as a part of the meeting's Late-Breaking Readout Roundtable program. The presentation will expand on previously reported top-line results that demonstrated the relationship between the reduction of Porphyromonas gingivalis infection and the slowing of cognitive decline in Alzheimer's disease with atuzaginstat treatment in a prespecified population of patients based on diagnosis of infection. The 643-participant 48-week GAIN Trial was the first large study to test the efficacy of an oral small-molecule targeting P. gingivalis for disease modification in mild to moderate Alzheimer's patients. While not meeting statistical significance on its co-primary cognitive and functional endpoints in the overall cohort, the study data showed that treatment with atuzaginstat slowed decline compared to placebo on the majority of clinical endpoints in prespecified populations that were selected based on P. gingivalis infection markers. The GAIN Trial results showed that the 40 mg BID arm demonstrated equivalent or better efficacy across key endpoints compared to the higher dose, 80 mg BID, as well as a superior safety profile. Trends to benefit at 40 mg BID were seen with multiple prespecified analytic approaches, including on ADAS-Cog11, CDR-SB, MMSE, and NPI, with increasing separation from placebo throughout the study consistent with disease modification. Benefits were not seen on ADCS-ADL at either dose. Changes in P. gingivalis DNA levels in saliva correlated significantly with clinical outcomes during and at the end of treatment, demonstrating that reduced P. gingivalis bacterial load resulted in better clinical outcomes. A trend to slowing of the primary biomarker endpoint of hippocampal atrophy was seen in treatment groups, but did not reach significance. Across critical safety measures, the rates in the 40 mg BID treatment arm were either comparable to placebo or substantially better than in the 80 mg BID arm. Most adverse events were mild to moderate in severity. The most common were gastrointestinal, such as diarrhea in up to 16% and nausea in 6% of participants treated with atuzaginstat, versus 3% and 2% of placebo participants, respectively. Atuzaginstat was associated with dose-related liver enzyme elevations greater than3X the upper limit of normal: 2% on placebo, 7% on 40 mg BID, and 15% on 80 mg BID. These elevations alone were not clinically significant and virtually all participants were asymptomatic. Two participants in the 80 mg BID arm had concomitant bilirubin elevations without alternative explanation. Lab changes resolved while participants remained on drug or after withdrawal without any known long-term adverse effects. Atuzaginstat treated groups showed no increase in ARIA, including microhemorrhage and edema, or superficial siderosis.
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BIIB ESALY | Hot Stocks11:24 EST Eisai, Biogen announce results of sensitivity analyses of lecanemab results - Eisai (ESALY) and Biogen (BIIB) announced results of sensitivity analyses evaluating the consistency of lecanemab efficacy results across multiple statistical models in patients with Mild Cognitive Impairment due to Alzheimer's disease and mild AD. This presentation was made by Eisai at the 2021 Clinical Trials on Alzheimer's Disease conference, November 9-12, 2021 in Boston, Massachusetts and virtually. In September 2021, Eisai initiated a rolling submission of a Biologics License Application for lecanemab, an investigational anti-amyloid beta protofibril antibody, for the treatment of early AD, to the U.S. Food and Drug Administration under the accelerated approval pathway. Study 201, a multicenter, double-blind, placebo-controlled, Phase 2b trial conducted in 856 patients with early AD, evaluated key efficacy assessments, including clinical change on the Alzheimer's Disease Composite Score at the primary endpoint of 12 months and at select key secondary endpoints, Clinical Dementia Rating-Sum-of-Boxes and Alzheimer's Disease Assessment Scale-Cognitive Subscale at 18 months. Six sensitivity analyses across four statistical models showed consistent positive lecanemab treatment effects for ADCOMS, CDR-SB and ADAS-Cog14 at 18 months. The primary endpoint was Bayesian analysis of 12-month clinical change on ADCOMS with the goal to identify the most efficacious dose. Primary analysis was super-superiority over placebo by greater than or equal to25%: goal was 80% probability of greater than or equal to25% reduction in decline versus placebo. Study achieved the goal of identifying smallest dose that achieved greater than or equal to90% of maximum treatment effect, i.e., the ED90 dose. At 12 months, ED90 dose had 64% probability of being super-superior to placebo by 25% reduction. At 12 months, ED90 dose had 98% probability superior to placebo. Consistent treatment effect was observed at 18 months for ADCOMS, CDR-SB, and ADAS-Cog, with separation from placebo observed by six months for the top dose across all analyses.
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NUZE | Hot Stocks11:11 EST NuZee says Cuvee Coffee expands into select Walmart stores nationwide - Specialty coffee roaster Cuvee Coffee announced its expansion into over 3,000 Walmart (WMT) stores nationwide. "Starting November 8, customers will have the opportunity to shop Cuvee Coffee's single serve filter bags produced by its partner manufacturer, NuZee, Inc., a leading co-packing company for single serve coffee formats," the company announced in a press release. "NuZee is thrilled to see our partner roasters, Cuvee Coffee, expand their customer reach with the single serve filter bags at select Walmart locations nationwide. This partnership is offering a new way for coffee-lovers to easily access this high quality and convenient format, that is ideal for those on the go to enjoy life's adventures,'' said Travis Gorney, Chief Innovation Officer at NuZee (NUZE).
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PFE BNTX | Hot Stocks11:06 EST Zipline announces completion of long-range drone delivery of COVID vaccines - Zipline, Pfizer Inc. (PFE) and BioNTech SE (BNTX) announced that Zipline has completed the first long-range drone delivery of both authorized mRNA COVID-19 vaccines requiring ultra-cold-chain in Ghana. The collaboration of the companies, which worked together earlier this year to develop and test an end-to-end vaccine delivery solution, will allow for the distribution of approximately 50,000 doses of the Pfizer-BioNTech COVID-19 Vaccine in Ghana, pioneering a new model for vaccine distribution. Pfizer and BioNTech have committed two billion doses of their COVID-19 vaccine to low- and middle-income countries through 2022 and are actively working on collaborating with both public and private organizations to accelerate the vaccine rollout worldwide. To date, the Pfizer-BioNTech COVID-19 Vaccine has reached 155 countries and territories in every region of the world, including through its agreement with COVAX.
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REGN RHHBY | Hot Stocks11:06 EST Regeneron: CHMP recommends EU approval of antibody cocktail to treat Covid - Regeneron Pharmaceuticals (REGN) announced that the European Medicines Agency's Committee for Medicinal Products for Human Use has adopted a positive opinion for the casirivimab and imdevimab antibody cocktail, known as REGEN-COV in the U.S. and Ronapreve in the European Union and other countries. The positive opinion is for people aged 12 years and older for the treatment of non-hospitalized patients with confirmed COVID-19 who do not require oxygen supplementation and who are at increased risk of progressing to severe COVID-19, and to prevent COVID-19. A final decision from the European Commission regarding the approval of the antibody cocktail is expected in the near future.The positive opinion is based on two positive Phase 3 trials involving more than 6,000 individuals that evaluated the efficacy and safety of the antibody cocktail to treat non-hospitalized patients already infected with SARS-CoV-2, and to prevent symptomatic infection in asymptomatic household contacts of SARS-CoV-2 infected individuals. Regeneron invented the antibody cocktail and is collaborating with Roche (RHHBY), who is primarily responsible for development and distribution outside the U.S. In addition to this Marketing Authorization Application, the companies intend to submit a future Type II Variation to the EMA that seeks to expand the potential indication to include the treatment of patients hospitalized because of COVID-19. In October, the U.S. FDA accepted for priority review the first of two Biologics License Applications for REGEN-COV to treat COVID-19 in non-hospitalized patients and as prophylaxis in certain individuals. The second BLA submission will focus on those hospitalized because of COVID-19 and is expected to be completed later this year.
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KEYS | Hot Stocks11:02 EST Keysight's 5G test platforms selected by Ti Group for conformance validation - Keysight Technologies has been selected by Ti Group, a third-party's inspection, test and certification services company headquartered in Shanghai, China, to support wireless device conformance validation.
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NVO | Hot Stocks10:56 EST Novo Nordisk says Wegovy recommended in Europe for obesity - Novo Nordisk announced that the European Medicines Agency's Committee for Medicinal Products for Human Use has adopted a positive opinion, recommending marketing authorization for Wegovy for chronic weight management in adults with obesity. Wegovy is a once-weekly semaglutide injection for chronic weight management in adults living with obesity or overweight with at least one weight-related comorbidity such as high blood pressure, heart disease or type 2 diabetes. "With the unprecedented and sustained weight loss for an anti-obesity medication, Wegovy has the potential to transform obesity management and help millions of people living with obesity," said Martin Holst Lange, executive vice president, Development at Novo Nordisk. "We are looking forward to driving change for people with obesity by introducing Wegovy in Europe next year." Novo Nordisk expects to receive final marketing authorization from the European Commission in approximately two months. Wegovy was launched in the U.S. in June.
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PCT | Hot Stocks10:25 EST PureCycle Technologies discloses CEO receipt of SEC subpoena - PureCycle Technologies disclosed last night in an a regulatory filing on or around September 30, the SEC issued an investigative subpoena to PCT's Chief Executive Officer requesting testimony in connection with a non-public, fact-finding investigation of the company. "The investigation pertains to, among other things, statements made in connection with PCT's technology, financial projections, key supply agreements, and management. PCT and its Chief Executive Officer intend to cooperate with the SEC's subpoena and investigation," the filing stated.
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VINO | Hot Stocks10:22 EST Gaucho Group makes additional $3.5M investment for Las Vegas project - Gaucho Group Holdings announced it has made a new $3.5M payment to LVH Holdings LLC to further advance the previously announced agreement to develop a project in Las Vegas, Nevada. Gaucho Holdings' new payment of $3.5M toward the project, brings its commitment thus far to $7M paid toward what is expected to be a total commitment of $35M for a 40% ownership of the project. The company said, "Gaucho Holdings believes the Las Vegas project can expand the Gaucho brand in ways that could include opportunities in lodging, hospitality, retail, and gaming."
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KOS... | Hot Stocks10:20 EST Kosmos says Tullow Oil, PetroSA intend to exercise pre-emption rights - Kosmos Energy (KOS) announced that it has received notice from Tullow Oil (TUWOY) and PetroSA that they intend to exercise their pre-emption rights in relation to the sale of Occidental Petroleum's (OXY) interests in the Jubilee and TEN fields in Ghana to Kosmos, announced October 13, 2021. The exercise of pre-emption rights is subject to finalizing definitive agreements with Kosmos/Anadarko WCTP Company and requires approval from GNPC and the Ghanaian Ministry of Energy. If completed, Kosmos' ultimate interest in Jubilee would be reduced by 3.8% to 38.3%, and Kosmos' ultimate interest in TEN would be reduced by 8.3% to 19.8%. Consideration due to Kosmos would be approximately $150M based on the headline purchase price of $550M and is subject to certain closing adjustments. Kosmos would anticipate using any potential proceeds to accelerate debt repayment. If pre-emption is completed, Kosmos will provide a further update to the market in due course.
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RHHBY REGN | Hot Stocks10:14 EST European Medicines Agency recommends Roche, Regeneron Covid anitbody - The European Medicines Agency's human medicines committee recommended authorizing Ronapreve for treating Covid-19 in adults and adolescents. Ronapreve can also be used for preventing Covid-19 in people aged 12 years and older weighing at least 40 kilograms. The company that applied for authorization of Ronapreve was Roche (RHHBY), in conjunction with Regeneron (REGN). With regard to Regkirona, the committee recommended authorizing the medicine for treating adults with Covid-19 who do not require supplemental oxygen and who are also at increased risk of their disease becoming severe. The applicant for Regkirona was Celltrion Healthcare. The CHMP will now send its recommendations for both medicines to the European Commission for "rapid legally binding decisions." Ronapreve and Regkirona are the first monoclonal antibody medicines to receive a positive opinion from the CHMP for Covid-19. Reference Link
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CWBHF | Hot Stocks10:05 EST Charlotte's Web announces first international hemp harvest - Charlotte's Web Holdings has completed the harvest of its first ever international hemp cro, in Canada. In April of 2021 Charlotte's Web proprietary hemp cultivars were approved for registration on Health Canada's List of Approved Cultivars for outdoor cultivation in Canada. The early flowering and maturing hemp cultivars were developed to produce high naturally occurring cannabidiol in shorter northern climate growing seasons. The Canadian harvest included the Company's flagship "CW1AS1" U.S. patented cultivar used for its full-spectrum hemp extract "Original Formula". Charlotte's Web will prioritize this first CW1AS1 harvest for Original Formula available exclusively for medical cannabis patients in Canada. The 2021 Canadian harvest exceeded initial estimates by approximately 20%. The hemp biomass will be processed into whole plant hemp extract for Charlotte's Web CBD wellness products in Canada for sale in 2022.
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IAA | Hot Stocks10:03 EST IAA joins Department of Defense Military Spouse Employment Partnership - IAA announces that it has joined the Department of Defense Military Spouse Employment Partnership. In late October, IAA attended a virtual ceremony to be inducted along with 45 other new partners to MSEP, bringing the number of employers to 544. MSEP connects military spouses with hundreds of partner employers who commit to recruit, hire, promote and retain military spouses. Since its inception in 2011, MSEP employers have hired more than 200,000 military spouses.
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BLND | Hot Stocks10:01 EST Blend Labs falls -16.7% - Blend Labs is down -16.7%, or -$2.58 to $12.87.
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BHG | Hot Stocks10:01 EST Bright Health falls -20.5% - Bright Health is down -20.5%, or -$1.50 to $5.80.
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PSFE | Hot Stocks10:01 EST Paysafe falls -36.6% - Paysafe is down -36.6%, or -$2.66 to $4.61.
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DHX | Hot Stocks10:00 EST DHI Group rises 11.1% - DHI Group is up 11.1%, or 55c to $5.49.
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BW | Hot Stocks10:00 EST Babcock & Wilcox rises 14.1% - Babcock & Wilcox is up 14.1%, or $1.04 to $8.44.
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BZH | Hot Stocks10:00 EST Beazer Homes rises 15.6% - Beazer Homes is up 15.6%, or $2.93 to $21.72.
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SWX | Hot Stocks09:57 EST In new letter, Carl Icahn says 'ready to negotiate' with Southwest Gas - In a letter to the board of Southwest Gas, Caril Icahn said, "We are writing in reference to the blatant disregard of fiduciary duties that has been signaled by your recent (in)actions and statements. We offered on October 25th to provide SWX with $75.00 per common share for the around $1 billion of equity financing the company stated it would seek to help pay for the ill-advised Questar acquisition. We also said we would be willing to consider providing this financing at a per share price higher than $75.00 if SWX should receive a bona-fide superior offer from any other stockholder or third party. And we would agree that if we did not increase our offer, we would support the higher bid. Additionally, we went even further and offered to forego voting rights with respect to all shares we might end up holding in excess of 20% of the voting power of the company as a result of this transaction...We are writing to put all on notice that if SWX attempts to dilute existing stockholders by issuing a block of stock at less than $75 per share without first attempting to negotiate with us, we will pursue every avenue available to seek legal redress and to compel SWX directors to fully discharge the fiduciary duties they owe to ALL stockholders. Furthermore, depending on the circumstances, we may also consider bringing legal actions against any purchasers in such a 'cheap stock' transaction for aiding and abetting the breach of fiduciary duties by the SWX board at the expense of SWX stockholders...We stand ready to negotiate." Reference Link
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BLND | Hot Stocks09:47 EST Blend Labs falls -15.2% - Blend Labs is down -15.2%, or -$2.35 to $13.10.
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BHG | Hot Stocks09:47 EST Bright Health falls -19.6% - Bright Health is down -19.6%, or -$1.43 to $5.87.
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PSFE | Hot Stocks09:47 EST Paysafe falls -32.4% - Paysafe is down -32.4%, or -$2.35 to $4.92.
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BROS | Hot Stocks09:47 EST Dutch Bros rises 12.3% - Dutch Bros is up 12.3%, or $7.69 to $69.99.
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BZH | Hot Stocks09:47 EST Beazer Homes rises 14.3% - Beazer Homes is up 14.3%, or $2.68 to $21.47.
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SBH | Hot Stocks09:47 EST Sally Beauty rises 16.3% - Sally Beauty is up 16.3%, or $2.96 to $21.10.
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BABA... | Hot Stocks09:41 EST Alibaba lists Apple, L'Oreal among those over RMB100M in GMV in 11.11 lead-up - "Consumer tech company Apple and beauty retailer L'Oreal topped RMB100M, or $15.6M, in sales between midnight on November 1 and 00:45 on November 11," Alibaba Group reported in a 11.11 festival live blog. "They are among 382 brands that saw their gross merchandise value - GMV - surpass RMB100 million in the 10 days before 11.11," Alibaba said. "40 brands which recorded more than RMB10 million in GMV during last year's 11.11 have already surpassed RMB100 million in GMV this year, with almost a full day to go before the event officially ends," Alibaba added in its blog post. Reference Link
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IPIX | Hot Stocks09:37 EST Innovation Pharmaceuticals reports results from Phase 2 trial of brilacidin - Innovation Pharmaceuticals reported topline results from the Company's Phase 2 clinical trial of Brilacidin in hospitalized patients with moderate-to-severe COVID-19. Brilacidin is being developed for treatment of COVID-19 under FDA Fast Track designation. Brilacidin did not show a difference compared to placebo in reducing Time to Sustained Recovery Through Day 29, the study's primary endpoint based on clinical status. Clinical status endpoints contain a degree of subjectivity that may impact outcomes of COVID-19 trials. Additional analysis of topline and all study endpoints is ongoing. "Though disappointed with these topline results, treating moderate-to-severe COVID-19 is an exceptionally difficult patient population," said Leo Ehrlich, CEO at Innovation Pharmaceuticals. "Companies, such as Merck and Regeneron, also did not show clinical benefit in these groups of patients, although both went on to refocus their development efforts in mild-to-moderate COVID-19 and achieve success. Regarding our Brilacidin antiviral program in general, collaborations with NIH scientists and academic researchers to explore Brilacidin's broad-spectrum antiviral activity in different viruses are ongoing. Initial feasibility work to formulate Brilacidin for potential prophylactic use via inhaled delivery, to leverage Brilacidin's unique virucidal and blocking antiviral properties, also is underway. There are many paths to pursue in the antiviral space. We believe Brilacidin holds tremendous promise as a differentiated antiviral drug candidate and plan to continue its development in this area of great opportunity and unmet need." Topline safety data showed Brilacidin was generally well-tolerated, with frequency of treatment-emergent adverse events similar between study arms. The number of patients who died totaled eight, four each between active and placebo. The overall mortality rate in the trial was approximately one-half of what is typically observed in this patient population. The randomized, double-blind, placebo-controlled trial evaluated the efficacy and safety of intravenous Brilacidin administered for 3 or 5 days in addition to standard of care. In the trial, 120 patients were treated, with three-fourths receiving 5 days of study drug. Patients were evenly split between male and female, with a majority categorized as experiencing severe COVID-19 at baseline. Most patients were under 65 years old, with an average age of 58.
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GHRS | Hot Stocks09:37 EST GH Research PLC trading resumes
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SVFD | Hot Stocks09:32 EST Ucak Kardesler to join Save Foods' commercial program - Save Foods announced that Ucak Kardesler a Turkish packing house, is joining Save Foods' commercial program. For the first step in the commercial program, the packing house will launch a large commercial scale pilot to ensure the product's seamless implementation and efficacy. The commercial trial, which is scheduled to begin immediately, is designed to verify that the company's products mitigate undesirable pathogens and reduce the presence of hazardous pesticide residues on citrus fruit, as required by the EU's recently established "Farm To Fork Green Deal Initiative" Ucak Kardesler has an annual production and processing capacity of 300,000 tons, exports 80% of its GLOBAL G.A.P. certified production in sales outlets in 32 different locations, both domestic and abroad.
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GHRS | Hot Stocks09:32 EST GH Research PLC trading halted, volatility trading pause
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EFX | Hot Stocks09:31 EST Equifax sees EBITDA margins expanding by 500bps by 2025 - Sees FY25 EPS reaching $12.75, expanding 45% from expected $8.65 in FY22. Sees long-term total revenue growth of 8%-12% vs. 7%-10% prior and organic revenue growth of 7%-10% vs. 6%-8% prior. Outlook from the company's Investor Day slides yesterday. Reference Link
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ALSN | Hot Stocks09:20 EST USMC advanced reconnaissance vehicle prototypes feature Allison Transmission - Allison Transmission is an active participant in the U.S. Marine Corps' combat vehicle modernization plan. Both Textron Systems and General Dynamics Land Systems have been down-selected by the Marine Corps to build prototypes for the Advanced Reconnaissance Vehicle, ARV, competition and both are equipped with an Allison Specialty Series transmission as their propulsion solution. The Marine Corps also announced it will work with BAE Systems to study the possibility of adapting their Amphibious Combat Vehicle, ACV, to become the ARV. BAE's ACV, which entered full rate production in February 2021, uses an Allison 4000 Specialty Series transmission. "Allison takes great pride collaborating with leading defense partners, providing propulsion solutions for their vehicles, and meeting the requirements of the U.S military and our customers around the world," said Dana Pittard, Vice President for Defense Programs at Allison Transmission.
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WTER | Hot Stocks09:20 EST Alkaline Water, Clean Beverage partner with iDEAL Hospitality - Alkaline Water and Clean Beverage announced that it has partnered with iDEAL Hospitality, to coordinate marketing, business development, and sales efforts in the non-commercial hospitality channel. The iDEAL team will use their industry knowledge and over 217 years of combined hospitality experience and innovation to drive new Alkaline88 sales in the multi-billion-dollar channel.
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SRNA | Hot Stocks09:16 EST Surna signs preventative maintenance contracts for HVACD systems - Surna was awarded preventative maintenance contracts for HVACD systems from facilities in Arizona and Michigan. These facilities operate a combined 75,000 square feet of cultivation space.
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RADA | Hot Stocks09:15 EST Rada Electronic receives $5Mmillion in pre-Orders for new exMHR radar - Rada Electronic has received production orders and commitments from customers, totaling $5M, for its new exMHR radar platform. This new software-defined radar platform is in advanced integration and testing stages, while field tests and demonstrations are scheduled to commence in early 2022. Deliveries to customers will commence in mid-2022.
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MDLZ | Hot Stocks09:12 EST Mondelez invests in CCOF to help efforts in plastic waste collection, recycling - Mondelez International has joined Circulate Capital Ocean Fund, CCOF, as a limited partner and making an investment in CCOF supporting scalable business solutions to help develop infrastructure for the collecting, sorting and recycling of plastic waste, including flexible films. The goal of this investment, which is part of Mondelez International's Sustainable Futures impact investing platform, is to enhance focus on the physical collection of flexible films - lightweight, multi-layer plastics used by the snacking industry - that have traditionally been more difficult to collect, sort, recycle and ultimately reuse. CCOF is an investment fund dedicated to addressing India and Southeast Asia's plastics challenges. "This investment marks a pivotal step forward in our contribution to a circular economy for plastics and is a clear demonstration of our long-term goal of net zero waste," said Dirk Van de Put, Chairman and Chief Executive Officer, Mondelez International. "As part of our ambition to become a more sustainable snacking company, this partnership will help fund businesses that are trying to fill systemic gaps in the collection, sorting and reuse of plastic waste, including flexible film."
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ABVC | Hot Stocks09:12 EST ABVC BioPharma receives additional $4.245M from exercise of warrants - ABVC BioPharma announced the receipt of $4,245,000 in additional gross proceeds from the exercise of Series A warrants issued in the company's August 3, 2021, public offering of securities. Investors participating in ABVC's financing exercised a total of 673,723 Series A warrants at a price of $6.30 per share. Combined with the Company's underwritten public offering of 1,100,000 shares, in which the Company announced the receipt of gross proceeds of $6,875,000, the Company has received an aggregate of approximately $11,120,000 as of November 9, 2021.
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SMAR | Hot Stocks09:11 EST Smartsheet, McLaren Racing in new partnership for McLaren Formula 1 team - McLaren Racing and Smartsheet announced a new partnership that will see Smartsheet become an official technology partner of the McLaren Formula 1 team at the 2021 Brazilian Grand Prix. "Smartsheet technology will be integrated into the McLaren Racing infrastructure to help drive the team's digital transformation, with an initial focus on smarter asset management to support fan engagement and race operations through Smartsheet's digital asset management platform, Brandfolder. The Smartsheet brand will first be represented on the McLaren MCL35M race cars at the 2021 Brazilian Grand Prix, and then on the race cars, pit-crew overalls, pit-wall stand and race suits of the McLaren F1 drivers, Lando Norris and Daniel Ricciardo, for the 2022 season and beyond," said the company in a stsatement.
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NDAQ | Hot Stocks09:10 EST Nasdaq launches Retail Trading Activity Tracker - Nasdaq announced the launch of the Retail Trading Activity Tracker, a new dataset that provides reliable information into the trading activity of self-directed retail investors in the U.S. equity market. The Retail Trading Activity Tracker tracks stocks and exchange traded funds, ETFs, traded by individuals as well as buy/sell ratios per ticker on a daily basis. "The Retail Trading Activity Tracker brings enhanced transparency into the trading activity of retail investors and makes it available to all market participants," the company said. "The increased participation of individual investors is rapidly changing market dynamics, and the Retail Trading Activity Tracker is the first of its kind to offer general accessibility to consistent and standardized information on retail trading activity," said Oliver Albers, Senior Vice President and Head of Data, Investment Intelligence, Nasdaq. "The release of this new dataset underlines Nasdaq's mission of providing greater transparency and empowering the investing public with data-driven innovation. Through the expansion of Nasdaq Data Link and its library of datasets, we aim to level the playing field and make data, and by extension, the financial markets, more transparent and accessible to all."
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MYSZ | Hot Stocks09:09 EST My Size's MySizeID solution selected by Nautica Lifestyle Brand in Turkey - MySize announced a deal to offer its MySizeID application for global lifestyle brand Nautica in Turkey through the Eren Group, the licensed production owner of Nautica Turkey. The MySizeID app will be made available to Nautica customers in Turkey through their online retail e-commerce site.
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CARG | Hot Stocks09:09 EST CarGurus Instant Max Cash Offer extends to New York, Maryland, Minnesota - CarGurus announced it is bringing its online car selling experience to more states. CarGurus has added New York, Maryland and Minnesota as the latest locations to its phased national rollout of CarGurus Instant Max Cash Offer. "We are thrilled with the early success of CarGurus Instant Max Cash Offer and we're only halfway through our rollout across the U.S.," said Sam Zales, President and Chief Operating Officer at CarGurus. "We are delivering a solution that simply hasn't been done before - one that benefits dealers faced with a scarcity of inventory, and one that meets the demands of consumers for convenience, transparency, simplicity and a premium buy offer. Our rollout of CarGurus Instant Max Cash Offer is being done in a thoughtful, deliberately staggered way to ensure seamless scalability and reliability for everyone involved. The response so far has been outstanding and we are only at the tip of the spear in realizing the potential of our reach and capabilities." As of September 30th, there were approximately 7,000 dealer rooftops enrolled on the CarOffer Buying Matrix platform.
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CRC | Hot Stocks09:08 EST California Resources tightens FY21 FCF view to $460M-$510M from $400M-$500M - CRC tightened its full year 2021 free cash flow1 guidance to $460 to $510 million from $400 to $500 million, raised its adjusted EBITDAX1 guidance to $840 to $900 million from $725 to $825 million and raised its production guidance to 99 to 101 MBOE per day from 97 to 100 MBOE per day. Rising natural gas prices are putting upward pressure on operating costs and CRC increased operating guidance to a range of $700 to $720 million for the year, up from $670 to $695 million. Although higher natural gas and electricity prices in 2021 increased CRC's operating costs, higher prices have a net positive effect on its operating results due to higher revenue from sales of these commodities which CRC also produces.
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RFL | Hot Stocks09:07 EST Rafael Holdings announces first patient enrolled in APOLLO 613 Phase 1/2 trial - Rafael Pharmaceuticals announced that the first patient has been enrolled in the APOLLO 613 Phase 1/2 clinical trial of CPI-613 in combination with hydroxychloroquine in patients with clear cell sarcoma at City of Hope in Duarte, California. Two additional sites have also been opened for enrollment in the trial at Cleveland Clinic Children's and University of Michigan's Rogel Cancer Center. "With the aggressive nature of clear cell sarcoma, finding a treatment for this rare cancer is a priority of ours," said Sanjeev Luther, President and CEO of Rafael Pharmaceuticals. "Enrolling a patient so soon after we opened the trial demonstrates the dire need for a treatment and the hope that devimistat brings to the rare cancer community. We opened two additional sites in order to increase access to the trial for patients in need."
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ADAP | Hot Stocks09:07 EST Adaptimmune says SPEARHEAD-1 trial will meet primary endpoint in final analysis - Adaptimmune Therapeutics will report updated clinical and translational data from its pivotal SPEARHEAD-1 trial with afamitresgene autoleucel in patients with advanced synovial sarcoma or myxoid/round cell liposarcoma at the Connective Tissue Oncology Society annual meeting. Clinical data will be presented in an oral presentation by Dr. Brian Van Tine of the Washington University School of Medicine in St. Louis during the Immunotherapy & Immune Microenvironment Session starting at 10:00 a.m. EST on November 12th. Preliminary translational insights from the Phase 2 SPEARHEAD-1 trial will also be presented in a posted by Dr. Sandra P. D'Angelo of Memorial Sloan Kettering Cancer Center during the Immunology & Immunotherapy Session beginning at 2:30 p.m. EST on November 12th. Efficacy data validate the meaningful clinical benefit of afami-cel: 50 patients had received afami-cel; Median age of patients was 41 years and they had received a median of three prior lines of therapy. The median dose was 8.5 billion transduced SPEAR T-cells. Three patients had scans awaiting Independent Review and 47 patients were evaluable. The primary endpoint for SPEARHEAD-1 is response according to RECIST v1.1 evaluated by Independent Review. Based on the reported overall response rate, the trial will meet its primary endpoint in the final analysis planned later this year. Per Independent Review, the overall response rate was 34%. The overall response rate was 36% in patients with synovial sarcoma, and 25% for patients with MRCLS. The disease control rate was 85% per Independent Review. The overall response rate and disease control rate per Independent Review were comparable to the assessments by Investigator Review. Durability is encouraging and the median duration of response has not been reached. 75% of patients with response remain ongoing and the duration ranged from 4.3+ to 65.3+ weeks. Afami-cel was well-tolerated and has a favorable benefit:risk profile as of data cut-off. Thirty-three patients experienced adverse events of cytokine release syndrome, most of which were lower grade: Grade 1 or 2; Grade 3. The most common serious adverse event of any grade was CRS reported in 6% of patients; Eight patients experienced greater than or equal to Grade 3 cytopenia at Week 4. Afami-cel SPEAR T-cells successfully engrafted in all patients and maintained high levels of persistence in most patients followed for at least 6 months post-infusion. CD8+ SPEAR T-cells in drug products administered killed greater than70% tumor cells in vitro. Serum cytokine response profile indicates an IFNgamma-driven mechanism of action, signaling an afami-cel induced immune response. Clinical benefit seen across a broad range of MAGE-A4 expression. Post-infusion biopsies indicated that infiltrating afami-cel SPEAR T-cells co-localize with tumor and additional immune cells, with evidence of activated and proliferative state and adaptive-immune response. The trial will meet its primary endpoint for efficacy for this pivotal trial. As of September 1, 2021, overall response rate was 34% with a disease control rate of 85% per Independent Review in 47 heavily pre-treated patients. Durability of responses is encouraging, and the median duration of response has not been reached. The benefit:risk profile of afami-cel has been favorable, with mainly low-grade CRS and tolerable/reversible hematologic toxicities. Translational data confirm that afami-cel is active against MAGE-A4 expressing targets both in vitro and in vivo. These data will be used to support Adaptimmune's Biologics License Application submission next year.
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RIO TRQ | Hot Stocks09:07 EST Pentwater CEO sends letter to Rio Tinto regarding corporate governance - Pentwater Capital, the largest minority shareholder of Turquoise Hill (TRQ), wrote the following letter to Rio Tinto (RIO) director Ngaire Woods, CBE and the rest of the Rio Tinto board: "I write on behalf of Pentwater Capital Management, LLP ("Pentwater"), the largest minority shareholder of Turquoise Hill Resources Ltd. I write to ensure that you personally are aware of how flagrantly the members of the Rio Tinto board have breached and continue to breach all reasonable standards of appropriate corporate governance with regard to Rio's controlled subsidiary, TRQ. As you know, TRQ owns 66% of the entity that owns the Oyu Tolgoi mine in Mongolia. The Government of Mongolia owns the other 34%. Rio Tinto's interest in the mine is exclusively through TRQ. As TRQ's majority shareholder, however, Rio Tinto has controlled the election of TRQ's board of directors, has selected TRQ's management team and generally exerts absolute control over all of TRQ's actions. Rio Tinto's interests in the mine, however, are conflicted, as Rio also served, at various times, as the mine's contractor, its financier, and TRQ's primary negotiator with the Government of Mongolia. Remarkably, even in purported negotiations between Rio Tinto and TRQ regarding the mine, the TRQ representatives "negotiating" with Rio are often merely Rio Tinto employees temporarily seconded to TRQ. The consequences of Rio Tinto's abuse of power have been disastrous. Turquoise Hill minority shareholders and the Government of Mongolia and its people have suffered for many years. Then again, Rio Tinto's lack of business ethics has caused grave harm far beyond Mongolia, extending to numerous countries throughout the world. You bring to the Rio Tinto Board an impressive resume as an innovator, as founding dean of the Blavatnik School of Government, founder of the Global Economic Governance Programme at Oxford University, and co-founder of the Oxford-Princeton Global Leaders Fellowship program. Your various current or past affiliations bear the most recognizable and prestigious of names, such as: Harvard University, Nelson Mandela, The American Academy of Arts and Sciences, Tsinghua University, the World Economic Forum, the African Development Bank, the Government of Oman, the UNDP, and the IMF. You are even a Commander of the Most Excellent Order of the British Empire (CBE). Although we were confused by your decision to accept appointment to the Rio Tinto Board last year (given its history of unethical practices), we were hopeful that you could bring about some much-needed change. We wondered whether you viewed service on the Rio Tinto Board as a career capstone achievement, where you would turn one of the world's most corrupt corporations into one that is law abiding, or whether you were so busy for the past dozen years that you did not get the chance to learn of the corporate briar patch that is Rio Tinto...In my decades of investing, I have never experienced a more corrupt company than Rio Tinto. I have no doubt that when you joined Rio Tinto's Board, you had no intention of simply becoming another pawn and footnote in Rio's history of bad conduct, but rather joined to enact change. The situation embroiling Oyu Tolgoi, a world class asset holding so much promise for the people of Mongolia, presents you with an opportunity to show to the world what your intentions truly were when you joined the Rio Tinto Board. What you decide will surely have both global and personal consequences. I would be very pleased to speak with you anytime regarding these matters to provide you with all of the information that I have learned over the past decade that we have invested in TRQ and Rio Tinto. In the meantime, we watch and wait. "
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ESEA | Hot Stocks09:06 EST Euroseas announces agreement to acquire 6,350 teu container vessel for $40M - Euroseas announced that it has agreed to acquire M/V Leo Paramount, a 6,350 teu container vessel built in 2005, for $40M. The vessel, which is expected to be delivered to the company within 2021 and be renamed M/V Marcos V, will be financed by own funds and a bank loan. Contemporaneously with the acquisition, the vessel will enter into a three-year time charter contract at a daily rate of $42,200 with a possible extension for an additional year at the option of the charterer at $15,000 per day. Aristides Pittas, Chairman and CEO of Euroseas commented: "We are pleased to announce the acquisition of M/V Leo Paramount, an intermediate containership, built in 2005. This acquisition continues our strategy of carefully constructed transactions minimizing the market risk by reducing, by the end of the charter, the cost basis to around its scrap value. The charter contract we have entered into with a first class charterer is expected to contribute about $35 million of EBITDA during the first three years of the contract providing us with a significant return on our investment. Furthermore, depending on the market after the end of the charter in three or four years we may have significant additional upside. With a fleet of sixteen feeder and intermediate containerships on the water, after the delivery of the above vessel, and two modern feeder newbuildings expected to be delivered in the first half of 2023, Euroseas reinforces its position as the main US publicly listed company focusing on feeder and intermediate container vessels. We believe, our growing presence in the sector and the public markets provides with a solid platform to consolidate in it other vessels or fleets."
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BAX | Hot Stocks09:03 EST Baxter invests $100M in sterile fill/finish manufacturing facility expansion - Baxter announced an approximately $100M expansion of its sterile fill/finish manufacturing facility located in Halle/Westfalen, Germany. This facility is operated by BioPharma Solutions, or BPS, a business unit of Baxter that specializes in partnering with leading pharmaceutical and biotech companies on the development and contract manufacturing of drug product for parenteral pharmaceuticals. Construction on the new manufacturing building is expected to begin in 2022 and be completed in 2024. This strategic investment will expand the BPS manufacturing footprint and add equipment designed to help products achieve stability and improved shelf life through lyophilization. Construction will also add an aseptic syringe filling line, enabling BPS to meet the growing demand for this delivery platform in both Europe and the United States. Pre-filled syringes can enhance efficiency and ease-of-use for clinicians and have potential to minimize microbial contamination and reduce medication dosing errors during medication preparation, which are key considerations for patient safety.
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CDRE | Hot Stocks09:03 EST Cadre initiates quarterly cash dividend at 8c per share - Cadre Holdings has declared a quarterly cash dividend of 8c per share, or 32c per share on an annualized basis. Cadre's first dividend payment will be made on December 7 to shareholders of record as of the close of business on the record date of November 22.
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AMC | Hot Stocks09:01 EST AMC Entertainment CEO sold $25M in shares Tuesday, filed to sell more - AMC Entertainment CEO Adam Aron sold 625,000 shares of his common stock on November 9 at an average price of $40.53 in multiple transactions at prices ranging from $39.28 to $42.42, inclusive, in a transaction valued at about $25.33M, according to a regulatory filing. Aron has hired JPMorgan to handle the sale of 1.25M shares under a pre-arranged trading plan he adopted in August, a separate filing showed. On Wednesday after the market close, Aron tweeted: "62.5% of my annual pay is AMC stock, not cash. I hadn't sold even 1 AMC share in 6 years. I publicly said months ago and again Monday, now at age 67, it's prudent to diversify assets for estate planning. I STILL HAVE WELL OVER 2 MILLION OWNED/GRANTED AMC SHARES. I believe in AMC." Reference Link
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AREC | Hot Stocks08:58 EST American Resources begins activity at reopened McCoy Elkhorn complex - American Resources announced that it has begun selling and shipping metallurgical carbon produced from its recently reopened Carnegie 1 mine. Shipments of carbon are being sold to its customer base to be used for steel making in both the international and domestic steel markets. Located in Pike County, Kentucky, the Company's Carnegie 1 mine is an underground mine producing high vol metallurgical carbon from the Lower Alma seam and part of both the Company's broader Carnegie mining complex and its McCoy Elkhorn processing and logistics facility. Carbon extracted from the Carnegie mines is transported to the nearby McCoy Elkhorn complex where it is processed, loaded and shipped to domestic and international metallurgical customers. Mark Jensen, CEO of American Resources Corporation commented, "It's always a rewarding day for our team when we see our efforts bear fruit by getting our first Carnegie mine reopened, as well as our McCoy Elkhorn facility, up and running and now shipping carbon to our steel customers. We are in a very fortunate spot to be expanding production of high-quality, steel-making carbon in a market that is seeing constrained supply struggling to meet worldwide infrastructure demands. The changes our team has made at this complex are focused on safety, cost and efficiency. While the Carnegie 1 mine was in production briefly before the COVID-19 pandemic hit our region, the mine is essentially new, allowing us to efficiently produce a quality product with decades of mine life. Our Carnegie 2 mine will subsequently be brought online in short order as we have already invested the development capital and have secured the contract mining company to operate this new mine which will access the same boundary of carbon from a different direction as our Carnegie 1 mine." In addition to its Carnegie 1 and Carnegie 2 mines, the Company has plans to develop it Carnegie 3 mine and its Carnegie Surface mine to supplement the complex's overall production at the facility. The Company is also evaluating upgrading the McCoy Elkhorn processing plant to produce a mini stoker industrial product for the specialty alloy metal marketplace given that market's consistently strong demand.
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JUPW | Hot Stocks08:55 EST Jupiter Wellness gets pre-IND meeting written response from FDA - Jupiter Wellness announced that it has received an official written response from a Type B pre-Investigational New Drug, IND, meeting with the U.S. Food and Drug Administration, FDA, for JW-100, a topical drug the treatment of eczema. The main purpose of the pre-IND meeting was to evaluate the drug development plan for JW-100. Jupiter Wellness believes that the written response from the FDA supports the Company's approach and its overall drug development strategy to enable the filing of an IND for its clinical studies on JW-100. Dr. Glynn Wilson, Chief Scientific Officer of Jupiter Wellness, stated, "The pre-IND meeting written response marks an important milestone in the development of JW-100 for the treatment of eczema. We have obtained FDA concurrence and clear guidance on the proposed manufacturing, nonclinical pharmacology, and toxicology studies, and the Phase 1 clinical design." JW-100 met its primary endpoint in a recently completed Phase 1-equivalent international study in which Jupiter's topical formulation cleared or reduced eczema following two weeks of use. These results suggest JW-100 may potentially prove superior to existing prescription drugs for the treatment of eczema in future clinical trials. The global eczema treatment market is valued at $10B and expected to grow at a CAGR of 13% from 2020-2025.
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SGBX | Hot Stocks08:52 EST SG Blocks executes purchase agreement for mixed-use property in Oklahoma - SG Blocks announced that the company, on behalf of its development subsidiary, SGB Development, has executed a purchase agreement for a mixed-use property in Durant, Oklahoma with approximately 4,063,276 of square footage. This transaction is anticipated to close within the next sixty to ninety days. The purchase agreement contract is between the Durant Industrial Authority and SG Blocks, Inc.
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NVGS | Hot Stocks08:47 EST Navigator Holdings announces employment conracts for three ethane vessels - Navigator Holdings announced that it has secured fixed-rate charters for three of its midsize ethane carriers, as follows: For the Navigator Eclipse, a 4-year extension to its existing contract, to commence in direct continuation from March 2022. For the Navigator Nova, a 3-year extension to its existing contract, to begin in direct continuation from September 2023. A new, 4-year charter has been secured for the Navigator Prominence, expected to commence in January 2022, following completion of existing employment.
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CMTL | Hot Stocks08:44 EST Comtech files definitive proxy materials and mails letter to stockholders - Comtech Telecommunications announced that it has filed definitive proxy materials with the Securities and Exchange Commission in connection with its upcoming Fiscal 2021 Annual Meeting of Stockholders. In conjunction with the definitive proxy filing, Comtech is mailing a letter to stockholders "highlighting the meaningful steps the Company has taken, and continues to take, to enhance corporate governance, strengthen financial performance and flexibility, and create significant near- and long-term value for all stockholders. The full text of the letter follows: Your Board and management team have taken decisive action over the past several years to create long-term stockholder value and address stockholders' feedback. We have made significant progress in advancing our strategic plan - designing and delivering innovative communication solutions, investing in growth, and strengthening our portfolio by acquiring and integrating complementary technologies and capabilities. Today, we seek your support in voting FOR your Board's highly qualified nominees using the enclosed blue proxy card. Our strategic plan has enhanced our position as a secure wireless technology leader and already delivered strong results for stockholders, including: Leading market positions in attractive segments poised to benefit from secular growth. Since FY 2015, we have been executing a deliberate strategy to balance and enhance our best-in-class satellite communications business with attractive next-generation 911 public safety services capabilities. Our purpose-built organization now boasts industry-leading positions across two large and attractive markets where we provide critical, advanced communication and location solutions to a broad set of blue chip customers. During fiscal year 2021, we were recognized by Frost & Sullivan and Northern Sky Research for both our next-generation 911 solutions and our market leadership position in the growing satellite cellular backhaul market. Significant cross-segment business wins that position Comtech for growth," said the company in a statement.
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CRTD | Hot Stocks08:42 EST Creatd surpasses 100K Vocal+ members - Creatd, the parent company of Vocal, has surpassed 100,000 Vocal+ members. Since first introducing premium memberships in early 2020, the company has grown Vocal+ adoption through the leveraging of a combination of organic, paid, and free trial acquisition tactics. The most recent Vocal+ update came in June, when the company announced reaching a new milestone of 30,000 Vocal+ members.
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RNGTF | Hot Stocks08:42 EST Osisko Development announces drilling results from San Antonio Gold project - Osisko Development is pleased to announce drilling results from the 2021 exploration and category conversion drill program campaign at its San Antonio Gold Project in Sonora State, Mexico. The San Antonio Gold Project is an iron oxide copper gold style deposit with zones of oxide, transition, and sulphides on three main target areas: Sapuchi, Golfo de Oro and California. A total of 27,000 meters consisting of 156 holes have been drilled thus far in 2021. The objective of the drill program is to conduct exploration and resource drilling at a spacing of 25 meters and historic drilling validation for the three main target areas. The first 41 holes from the Sapuchi target are presented in this news release and include SP-DD-21-001 to SP-DD-21-060 inclusive. The Sapuchi gold mineralization is characterized by hydrothermal breccia that forms an approximately 3,000 m long east-northeast trending mineralization corridor with intense sericite and chlorite alteration in the mineralized zone. The mineralization is intrusion related within host sedimentary rocks. DD-21-038 intersected 21.65 meters of oxide assaying 2.14 g/t Au, extending the oxide an additional 15 meters at depth. DD-21-019 intersected 1.02 g/t Au over 39.90 meters in a newly discovered sulphide zone at 167.4 meters depth indicating significant exploration potential. Sapuchi target has a strike length of 700 meters and is open in all directions. Assay Highlights: 2.16 g/t Au and 2.90 g/t Ag over 12.50 meters in hole SP-DD-21-001 including 11.45 g/t Au and 13.80 g/t Ag over 1.10 meters; 2.37 g/t Au and 2.02 g/t Ag over 10.25 meters in hole SP-DD-21-006; 1.01 g/t Au and 11.75 g/t Ag over 17.70 meters in hole SP-DD-21-006; 1.50 g/t Au and 3.06 g/t Ag over 13.85 meters in hole SP-DD-21-007; 1.58 g/t Au and 32.51 g/t Ag over 9.45 meters in hole SP-DD-21-007; 1.08 g/t Au and 2.69 g/t Ag over 20.45 meters in hole SP-DD-21-008; 1.59 g/t Au and 3.68 g/t Ag over 22.15 meters in hole SP-DD-21-008; 2.94 g/t Au and 3.98 g/t Ag over 12.65 meters in hole SP-DD-21-008 including 44.40 g/t Au and 54.40 g/t Ag over 0.70 meter; 2.24 g/t Au and 14.32 g/t Ag over 9.00 meters in hole SP-DD-21-010; 0.72 g/t Au and 4.13 g/t Ag over 20.85 meters in hole SP-DD-21-011; 1.02 g/t Au and 3.90 g/t Ag over 39.90 meters in hole SP-DD-21-019; 1.60 g/t Au and 3.09 g/t Ag over 19.30 meters in hole SP-DD-21-029; 1.30 g/t Au and 3.06 g/t Ag over 22.00 meters in hole SP-DD-21-034; 2.14 g/t Au and 3.05 g/t Ag over 21.65 meters in hole SP-DD-21-038; 1.52 g/t Au and 13.77 g/t Ag over 29.20 meters in hole SP-DD-21-040; 1.80 g/t Au and 1.19 g/t Ag over 11.85 meters in hole SP-DD-21-047; 2.19 g/t Au and 5.35 g/t Ag over 9.10 meters in hole SP-DD-21-060 The San Antonio Gold Project gold mineralization is characterized by hydrothermal breccia that forms an approximately 3,000 meters long east-northeast trending mineralization corridor with the Luz del Cobre copper deposit at the east. The gold mineralization is associated with intense sericite and chlorite alteration and is intrusion related with host sedimentary rocks. The breccia has been defined to a vertical depth of 500 meters and at an average depth of 250 meters. The upper 250 meters of the breccia is mostly altered and prospective. Drilling has occurred within the three major zones at Sapuchi, Golfo de Oro and California, over a combined strike length of 900 meters of the 3000-meter trend. True widths are estimated to be 80% to 100% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.
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GRIL | Hot Stocks08:41 EST Muscle Maker's Pokemoto signs deal with Franserve - Muscle Maker's Pokemoto is expanding its franchising growth strategy by partnering with Franserve. The Franserve network is comprised of 600+ franchise sales consultants looking to make deals with qualified entrepreneurs and franchisees. The partnership with Franserve kicked off this week. Pokemoto recently announced new franchise agreements in five northeast markets - White Plains, NY and Mamaroneck, NY and a three pack deal in Hampshire County Massachusetts; specifically, the towns of Northampton, Amherst and Hadley. These newly signed agreements will grow the Pokemoto division's footprint by 28%. "Muscle Maker, Inc. recently acquired Pokemoto and it is our goal to continue our growth of the poke bowl concept through our franchising efforts," said Mike Roper, CEO of Muscle Maker, Inc. "Partnering with Franserve, an organization focused on connecting franchisors like us with qualified leads puts 600+ franchise sales consultants in our corner along with numerous other resources and benefits which we're already taking full advantage. We've already begun executing against our growth strategy by opening five new locations and signing up five new franchise locations in a short period of time. We recently launched a brand new energetic and interactive website that tells the story of our Millennial and Gen-Z fueled brand and highlights all of the benefits of becoming a Pokemoto franchisee. Our seasoned restaurant and real estate team veterans attended the Atlanta franchise show this past weekend and received great feedback on our multi-unit, growth-oriented concept. Basically, we're very serious about our planned growth and we believe this partnership will help take our franchising efforts to the next level."
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SBET | Hot Stocks08:39 EST SharpLink Gaming resechedules corporate update webcast to December 15 - SharpLink Gaming announced that its Corporate Update Webcast, originally scheduled to occur on Wednesday, November 17, 2021 beginning at 11:30 AM ET, has been rescheduled to Wednesday, December 15, 2021 beginning at 11:30 AM ET. The rescheduling of the event to be hosted by SharpLink CEO Rob Phythian and key members of the Company's leadership is due to an unanticipated scheduling conflict. Investors and analysts are encouraged to submit questions they would like management to address on the December 15 webcast no later than Friday, December 10, 2021 at 5:00 PM ET.
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HCDI | Hot Stocks08:38 EST Harbor Custom Development enters contract to sell Washington lots for $4.8M - Harbor Custom Development announced that it has entered into a contract with MainVue WA, LLC for the sale of 24 developed, view lots in the Horizon at Semiahmoo community in Blaine, WA for $4,800,000. Closing of the 24 view lots in the Horizon at Semiahmoo community is scheduled for late December 2021.
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CAE | Hot Stocks08:38 EST CAE sees FY22 CapEx exceeding C$250M - Total capital expenditures are expected to exceed C$250M in fiscal year 2022, primarily in support of sustainable and accretive growth opportunities. The company usually sees a higher investment in non-cash working capital accounts in the first half of the fiscal year, and as in previous years, management expects a portion of the non-cash working capital investment to reverse in the second half. The company continues to target a 100% conversion of net income to free cash flow for the year. In addition to restructuring, integration and acquisition costs related to the L3H MT acquisition in Defence, CAE expects to incur total restructuring expenses related to its ongoing cost saving initiatives of approximately C$50M in fiscal year 2022. The company continues to expect to reach a run-rate annual recurring cost savings of approximately C$65M-C$70M by the start of fiscal year 2023.
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BAESY | Hot Stocks08:38 EST BAE Systems to acquire Bohemia Interactive Simulations, no terms - BAE Systems has entered into a definitive agreement to acquire Bohemia Interactive Simulations, BISim, a global software developer of simulationtraining solutions for military organizations. Over the coming months, thecompany will undertake the customary regulatory and pre-closing activitiesnecessary to complete this type of international transaction. Founded in 2001 and headquartered in Orlando, Fla., BISim has more than 325 employees, including in the United States, UK, Australia, the CzechRepublic, and Slovakia. Using the latest game-based technology, theexperienced BISim team of engineers develops high-fidelity, cost-effective training and simulation software products and components to meet the growingdemand for defense applications. With the successful completion of this acquisition, BAE Systems customerswould have access to the company's extensive and proven system integrationexperience complemented by BISim's innovative training products andsolutions to enhance military readiness for the U.S. and our allies.DLA Piper is serving as legal counsel to BAE Systems. Raymond James is serving as the exclusive financial advisor to BISim, and Jones Day is serving as legal counsel to BISim.
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QNRX | Hot Stocks08:37 EST Quoin Pharmaceuticals, Genpharm Services sign exclusive license deal for QRX003 - Quoin Pharmaceuticals announced that they have entered into an exclusive License and Distribution Agreement for QRX003, Quoin's investigational treatment for Netherton Syndrome, a rare and devastating genetic disease. Under the terms of the agreement, Genpharm Services has exclusive rights to commercialize QRX003 in the Middle East and North Africa region, upon the receipt of regulatory approvals in both territories. Upon approval and launch of the product, Quoin will be entitled to a revenue sharing arrangement on net sales of the product. The companies have also entered into an exclusive Supply Agreement, under which Quoin is obligated to manufacture and supply the product to Genpharm Services. Dr. Michael Myers, Chief Executive Officer of Quoin, commented, "The licensing agreement with Genpharm is the second licensing agreement that we've announced for QRX003, which we are developing as a potential treatment for Netherton Syndrome. Genpharm's focus on commercializing drugs for rare and orphan diseases in all of the key Middle East and North African pharmaceutical markets makes them an ideal partner for Quoin."
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FLDM | Hot Stocks08:36 EST Fluidigm announces launch of Biomark X - Fluidigm announced the launch of Biomark X, the latest generation of its Biomark microfluidics platform. Biomark X integrates the Fluidigm Juno and Biomark HD instruments into a single platform. Biomark X simplifies workflows, streamlines operations to reduce hands-on time, and accelerates results with more data per run. "Accurate and reproducible data is essential for discovery and applied research applications that utilize real-time PCR," said Chris Linthwaite, President and CEO. "Today we are taking our formidable microfluidics platform to the next level with Biomark X, minimizing hands-on time and allowing researchers to focus on the key questions that matter most. The system can significantly reduce labor costs and provides a rapid sample-to-answer capability, which is increasingly critical across the genomic testing landscape. We believe Biomark X will be invaluable to a broad range of customers, including current and future partners, encompassing pharmaceutical, contract research organization and academic labs, while delivering a next-generation solution for clinical research labs that are on the front lines fighting diseases and emerging pathogens," said Linthwaite. "Biomark X offers multiple value propositions to maximize the value Biomark X brings to our customers, and we are offering a concierge program for customization of workflows. We welcome inbound inquiries to expand our growing networks of partners. "The subject of a phased launch with deliveries expected to commence in the first quarter of 2022, Biomark X is the latest product introduction aligning with our Vision 2025 innovation objectives, coming just five months after the launch of CyTOF XT, the fourth-generation platform using our pioneering CyTOF technology. We are immensely proud of the role we expect both of these advanced platforms to play in answering today's most important questions in biology and human health."
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AGMH | Hot Stocks08:35 EST AGM Group Holdings to establish manufacturing base in North America - AGM Group Holdings is exploring strategic opportunities to set up its North American manufacturing operations in the United States or Canada to strengthen the company's position in the Bitcoin mining sector. Pittsburgh and Seattle are among cities the company is considering for this manufacturing base, which is potentially expected to accommodate AGMH's R&D lab, hardware production, assembly lines, and business development team. As a first step in reaching into the North American industry network, AGMH has sent some sample components of mining machines to local manufacturers for production tests and manufacturing base selection.
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XONE | Hot Stocks08:35 EST ExOne sells X1 25Pro large metal binder jetting system to Schunk - ExOne announced that the Schunk Group, an international technology company featuring products made of high-tech materials, including sintered metals, has purchased an X1 25Pro large metal binder jetting system.
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GLRE | Hot Stocks08:34 EST Greenlight Capital Re announces investment in Blueprint Holding - Greenlight Re Innovations, part of Greenlight Capital Re, has announced an investment in Blueprint Holding. The title insurance market has historically experienced outsized expense ratios driven by agency commissions. Blueprint reduces these costs by centralizing underwriting and agency operations under a full-stack carrier, significantly reducing the expenses per file. Simon Burton, Chief Executive Officer at Greenlight Re, said, "Title insurance is the perfect example of an inefficient marketplace with high expense ratios. The title market is well-suited to innovative solutions, and we are pleased to partner with Blueprint as they look to transform this market through innovative technology, automated processes, and competitive pricing."
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XONE | Hot Stocks08:34 EST ExOne sells two X1 160Pro metal 3D printers to Pressburg Mint in Slovakia - ExOne announced that two of the first five X1 160Pro metal 3D printers sold have been purchased by the Pressburg Mint, Slovakia.
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RMTI | Hot Stocks08:33 EST Rockwell Medical submits IND with FDA for proposed clinical trial of FPC - Rockwell Medical announced that it has submitted an Investigational New Drug, IND, application with the U.S. Food and Drug Administration, FDA, in support of its proposed Phase 2 clinical trial of Ferric Pyrophosphate Citrate, FPC, designed for the treatment of iron deficiency anemia and maintenance of hemoglobin in patients receiving infusion therapy in the home setting. "Home infusion represents a large and rapidly growing segment of healthcare. Many patient groups requiring home infusion therapies suffer from chronic diseases that are associated with a high incidence of iron deficiency and anemia," said Marc Hoffman, M.D., Chief Medical Officer of Rockwell Medical. "Current treatment patterns can be inadequate for patients on home infusion therapy with iron deficiency anemia, causing them to suffer extreme fatigue, and can result in serious health risks." Once the IND is submitted, a sponsor must wait 30 calendar days before initiating any clinical trials. During this time, FDA has an opportunity to review the IND.
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BLIN BIGC | Hot Stocks08:32 EST Bridgeline, BigCommerce partner to release Hawksearch B2B Edition Connector - Bridgeline Digital, Inc. (BLIN) announces the launch of a new Hawksearch Connector for BigCommerce (BIGC) B2B Edition now available in the BigCommerce marketplace. With thousands of customers utilizing the BigCommerce marketplace, the Bridgeline product team has identified the B2B BigCommerce Edition user base as a critical area to support the growth of B2B businesses adapting to an eCommerce model.
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TPR | Hot Stocks08:31 EST Tapestry continues to see $300M in structural gross run rate expense savings
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TPR | Hot Stocks08:30 EST Tapestry: Gross margin pressure to be most acute in Q2, Q3
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TPR | Hot Stocks08:30 EST Tapestry sees 'modest' gross margin pressure due to freight investments for FY
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FRSH | Hot Stocks08:29 EST Freshworks announces Freshstack CRM suite - Freshworks at Refresh announced Freshstack, a customer relationship management suite built for the needs of startups that unifies customer support, sales and marketing teams. The company said, "The product bundle helps startups personalize marketing to generate pipeline, deliver effortless omnichannel service and grow faster, at an affordable price point that's easy to deploy and manage." Freshstack combines three Freshworks products: Freshdesk, an omnichannel customer support solution, Freshsales and Freshmarketer. Freshworks added, "The combination of Freshworks applications helps give startups what they need to instantly get up and running with a CRM platform that attracts new customers, builds lasting relationships with existing users and scales as their customer base grows. Companies can get going with up to $3,000 in credits for Freshstack, as part of the Freshworks Startup Program."
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TPR | Hot Stocks08:29 EST Tapestry: Suppy chain headwinds constricting inventory availability
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TPR | Hot Stocks08:27 EST Tapestry: Digital penetration now nearly 4x pre-pandemic levels
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FRSH | Hot Stocks08:27 EST Freshworks announces new Freshservice capabilities - Freshworks at its Refresh conference unveiled new Freshservice capabilities that mark the company's move deeper into the $34B IT Operations Management market. The company said, "Affordable and easy-to-use, Freshservice's unified incident response management with AI-enhanced alerting enables any business to anticipate service disruption and minimize impact. The new Freshservice capabilities, available in November, help IT and engineering teams increase efficiency and reduce downtime. Instead of many manual hours spotting critical alerts and creating or routing tickets in IT service desks, they can focus on root-causing and fixing the problem at hand. On-call Management helps IT teams to immediately respond to critical incidents and kickstart collaboration between IT and devops teams to prevent service outages. Automated Alert Grouping with machine learning helps reduce alert noise to identify the most pressing issues first and minimize business impact."
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TPR | Hot Stocks08:26 EST Tapestry acquired 1.6M new customers across NA direct channels, says CEO
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TPR | Hot Stocks08:25 EST Tapestry CEO: Sales now 9% above pre-pandemic levels - Comments taken from Q1 earnings conference call.
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AMRK | Hot Stocks08:25 EST A-Mark Precious Metals, Prax Group partner for carbon-neutrality initiative - A-Mark Precious Metals has partnered with the Prax Group to offset greenhouse gas emissions across A-Mark's businesses, with mitigation efforts primarily focused on the purchase of sustainability/decarbonization offsets, referred to as Verified Emission Reductions. With the current carbon offsets in place, A-Mark's A-M Global Logistics subsidiary, which represents substantially all of A-Mark's carbon footprint, can now be considered 100% carbon-neutral. A-M Global Logistics is A-Mark's Las Vegas, Nevada-based logistics and fulfillment center. Through its five-year agreement with the Prax Group, which has offices in London, Singapore, and Houston, A-Mark will purchase VER originating from reputable pre-vetted developers of sustainable projects supporting multiple decarbonization initiatives globally, including renewable energy, emissions reduction technologies, energy efficiency upgrades, reforestation, and carbon sequestration.
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APO | Hot Stocks08:25 EST Apollo Global names Toby Myerson as Senior Advisor to Apollo Japan - Apollo announced that Toby Myerson has been named as a Senior Advisor to Apollo Japan. Myerson is a veteran of the legal and finance industry with a long history of doing business in Japan, including building the Japan practice for Paul, Weiss, Rifkind, Wharton & Garrison. Myerson joins Apollo as the firm continues to grow its asset management and retirement services business in Japan and the broader Asia Pacific region. "The addition of Toby is another step in Apollo's recent expansion in Japan. This year Apollo's private equity business has completed or announced two significant and complex corporate carveouts in Japan - one with Mitsubishi Chemical and another with Showa Denko - showcasing its ability to help major corporations execute on their corporate objectives. Additionally, the firm's strategic partner Athene recently completed two reinsurance transactions with Japanese insurance companies, helping to provide Japanese individuals with safe retirement income products," the company said. In addition to serving as Senior Advisor to Apollo, Myerson is the CEO and Chairman of Longsight Strategic Advisors, a business advisory firm he founded in 2017.
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AGTC | Hot Stocks08:23 EST Applied Genetic appoints Hope D'Oyley-Gay as General Counsel - Applied Genetic Technologies announced the appointment of Hope D'Oyley-Gay as General Counsel. In this role D'Oyley-Gay will oversee legal, IP and compliance for the Company. D'Oyley-Gay has more than 25 years of legal experience, with the majority of her career spent in the healthcare industry. Most recently, D'Oyley-Gay was General Counsel and Vice President of Administration at Spirovant Sciences where she was a member of the company's executive leadership team, helping to develop strategy for, and lead operations of, the company.
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CBAY | Hot Stocks08:22 EST CymaBay to host KOL webinar of seladelpar for primary biliary cholangitis - CymaBay Therapeutics announced that it will host a Key Opinion Leader webinar on seladelpar for primary biliary cholangitis on Monday, November 15, at 4:30pm EST. The webinar will feature presentations by Professor Marlyn Mayo, M.D. and Professor Cynthia Levy, M.D. who will both discuss the abstracts that were presented at The Liver Meeting Digital Experience 2021 of the American Association for the Study of Liver Diseases. Dr. Mayo will discuss the efficacy and safety of seladelpar during 2 years of treatment in patients with primary biliary cholangitis and Dr. Levy will highlight the treatment effects of seladelpar in compensated cirrhotic patients with portal hypertension after 3 months, which led to ALP changes of -30% in the 5 mg and -45% in the 10 mg groups. Dennis Kim, M.D., Chief Medical Officer of CymaBay, will also discuss the company's progress developing seladelpar for patients with PBC. Seladelpar is a potent, selective, orally active peroxisome proliferator-activated receptor agonist in development for the treatment of patients with the autoimmune liver disease, primary biliary cholangitis. Backed by an extensive body of clinical evidence and global patient experience through its Phase 2 and Phase 3 studies of seladelpar in Primary Biliary Cholangitis, CymaBay initiated an international pivotal Phase 3 study in early 2021.
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ICAD | Hot Stocks08:21 EST iCAD to host 2nd annual virtual investor webinar - iCAD announced it will host its 2nd annual virtual investor webinar, featuring leading clinical and administrative experts who will share unique perspectives on iCAD's innovative cancer detection and treatment technologies, on Thursday, November 18, 2021, from 3:00 to 4:30 PM Eastern Time. "Our virtual investor webinar was incredibly well-received last year, and we look forward to making this an annual event where we can connect the investment community with leading experts who can provide unique viewpoints on the performance superiority, productivity yields, and broad healthcare economic value proposition iCAD's technology offers," according to Stacey Stevens, President of iCAD, Inc. "With a robust portfolio of advanced technologies for the detection and treatment of cancers that continues to improve each year, iCAD's unique solutions enhance clinical efficiency across the entire continuum of breast health care, from screening and diagnosis through treatment, offering economic benefits to customers and ultimately improving outcomes for patients." The event will feature a roundtable discussion on iCAD's Breast Health Solutions, including ProFound AI, the world's first artificial intelligence software application trained using deep-learning technology on digital breast tomosynthesis images to be FDA cleared.
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WSR | Hot Stocks08:19 EST Whitestone REIT announces restaurants opening in second-generation dining spots - Whitestone announces some second-generation restaurant spots that have been recently announced at Whitestone's properties in Arizona and Texas. Hudson House, Las Colinas. Hudson House is taking over a 5,200-square-foot space previously occupied by another restaurant. Prey, Houston. Prey is taking a spot in Houston, close to the Galleria. Thompson 105, Scottsdale. Thompson 105 will be opening at Scottsdale's Desert Canyon shopping center. It's expected to debut in January. Gabriella's Contemporary American Cuisine, Scottsdale. Gabriella's Contemporary American Cuisine is opening at Whitestone's The Mercado at Scottsdale Ranch.
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APPH | Hot Stocks08:17 EST AppHarvest announces launch of e-commerce platform - AppHarvest announces the launch of its new e-commerce site, shop.appharvest.com, and Fight the Food Fight campaign along with the first harvest of its second season of tomatoes grown at its 60-acre flagship indoor farm in Morehead, Ky. The new direct-to-consumer site launches with its first ever value-added product, The Food Fight Salsa, available in mild, medium, and spicy. A percentage of all salsa sales will be donated to the AppHarvest Foundation to fund AgTech education in Central Appalachia. The sustainably grown tomatoes, co-branded with Sunset, have been available in top national grocery stores such as Kroger and in restaurants such as Wendy's. AppHarvest's non-GMO tomatoes are grown with 100% rainwater in Central Appalachia where they provide certified living wage jobs and inside a facility designed not to use harsh chemical pesticides. The second season harvest grows from about 720,000 tomato plants, and the crop will continuously harvest into the summer of 2022. AppHarvest's first harvest of season one began in January 2021.
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AMZN | Hot Stocks08:16 EST AllCloud, AWS expand strategic collaboration for cloud migrations - AllCloud announces an expanded strategic collaboration with Amazon Web Services. The collaboration, which began last year in Germany, Austria, Switzerland and Israel, will now include North America. Through the collaboration, AllCloud will provide clients with professional and managed services to accelerate their cloud migration and digital transformation. In December 2020, AllCloud and AWS announced a strategic collaboration to support Medium and Large Enterprise clients in EMEA. The new agreement expands the scope of work to include ISVs, manufacturing and consumer goods clients in the North American market. AllCloud will provide these organizations with services and solutions built around its expertise in cloud migration, Microsoft workloads, DevOps, security, data, analytics and AI/ML.
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DCO | Hot Stocks08:14 EST Ducommun names Suman Mookerji VP, corporate development, investor relations - Ducommun announced that Suman Mookerji has been appointed vice president of corporate development and investor relations, and will now lead the Company's Investor Relations program in addition to his current responsibilities. Mookerji, who joined Ducommun in April 2017 as the vice president, strategy, acquisitions & integration, will now take on an additional role leading and driving the company's Investor Relations, working closely with the investment community along with Ducommun's Executive Leadership Team. He will develop new strategies, communication initiatives and outreach to help current and future investors understand the short, medium and long-term goals and objectives of the Company. He is very well qualified for this new responsibility, and the appointment is effective immediately.
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JE JENGQ | Hot Stocks08:13 EST Just Energy obtains extension of stay period order under CCAA - Just Energy Group announced that the Ontario Superior Court of Justice has, among other things, approved the extension of the stay period under the Companies' Creditors Arrangement Act to February 17, 2022; and an amendment to the CCAA Interim Debtor-In-Possession Financing Term Sheet between the Company and the DIP lenders to, among other things, extend the maturity of the DIP Facility to September 30, 2022. The Stay Extension and DIP maturity extension allow the Company to continue to operate in the ordinary course of business while pursuing a restructuring plan with its stakeholders. In addition, further to the Company's announcement on November 1, 2021, the Court approved Just Energy entering into a support agreement with an affiliate of Generac Holdings to vote in favour of the acquisition of Just Energy's shares of ecobee Inc. by Generac.
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ADXS | Hot Stocks08:12 EST Biosight encourages Advaxis shareholders to vote 'FOR' proposed merger - Biosight issued the following statement from its Chairman, Pini Orbach, PhD. "To Advaxis Stockholders: I am reaching out to you to share our excitement over Biosight's proposed merger with Advaxis (ADXS) and explain why we believe the transaction represents a mutually compelling opportunity for both companies as well as their stockholders. We, the Biosight team, have strong conviction in the vast opportunities for our own franchise which is driven by our phase IIb investigational drug, aspacytarabine, that seeks to address unmet medical needs of certain cancer patients by enabling a high-dose antineoplastic drug with minimal systemic toxicity across multiple forms of leukemic cancer. Therefore, we did not enter into a merger agreement lightly and we negotiated what we believe is a fair apportionment of relative value between Biosight and Advaxis... We believe that aspacytarabine's more advanced clinical stage, more robust clinical dataset, and more clear market opportunity provide enhanced visibility for investors. This enhanced visibility allows investors to construct a viable, long-term, investment thesis for the new, public Biosight Therapeutics. As a result of the merger, Advaxis stockholders will be a part of a more broadly based and well capitalized publicly traded company with a better diversified risk profile. Over the long run, this improved corporate profile may command a reduced cost of capital from institutional investors... Furthermore, Advaxis recently announced that, contingent on the merger closing, the company has received commitments of $21 million in financing necessary to advance its clinical development programs. We now expect the cash balance of the combined company, including this proposed financing, to be at least $70M at the time of merger closing which we expect will take us into the second half of 2023 and would allow us to potentially achieve key clinical milestones with aspacytarabine that we believe will create greater short- and long-term value for all stockholders. In our view, it is clear that the proposed merger of Advaxis and Biosight is preferable for all parties involved, as we believe it represents a superior outcome compared to both a stand-alone Advaxis and stand-alone Biosight. It has the potential to create a Win/Win/Win scenario as it benefits both Advaxis and Biosight and their respective stockholders, and may benefit cancer patients desperately in need of alternative treatments not currently available."
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HAPP | Hot Stocks08:11 EST Happiness Biotech changes name and re-designates ordinary shares - Happiness Biotech will change its name to "Happiness Development Group Limited" effective on November 12. In addition, the company re-designated its authorized ordinary shares, par value $0.0005 each, into Class A ordinary shares, par value $0.0005 each, and Class B ordinary shares, par value $0.0005 each, on an one-for-one basis. The issued and outstanding ordinary shares will all be re-designated as Class A ordinary shares, except that 12,045,100 issued and outstanding ordinary share held by Happy Group Inc., an entity controlled by Xuezhu Wang, the CEO and chairman of the Company will be re-designated as 12,045,100 Class B ordinary shares, and that 150,000 issued and outstanding ordinary shares held by Xuezhu Wang will be re-designated as 150,000 Class B ordinary shares. The Class A ordinary shares continue to be listing on the Nasdaq Capital Market under the symbol of "HAPP". Currently, there is no public market for the Class B ordinary share.
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ENNV | Hot Stocks08:11 EST Fast Radius on track to complete combination with ECP Environmental Growth - Fast Radius remains on track to complete the Business Combination, subject to approval by ENNV stockholders and other customary closing conditions. Upon closing, the newly combined company will operate as Fast Radius and trade on the NASDAQ under the symbol "FRDS".
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LIDR | Hot Stocks08:10 EST AEye appoints Dr. T.R. Ramachandran as chief product officer - AEye announced the appointment of Dr. T.R. Ramachandran as chief product officer. Ramachandran, who has more than two decades of experience delivering complex, market-leading solutions to large global customers, will report to AEye CEO Blair LaCorte. His hiring comes amid rapid growth for AEye, as the company builds out its management team and expands globally to meet accelerating market demand for its adaptive LiDAR. Ramachandran brings over 23 years of experience in the technology industry to his new position, including global product launches and related marketing activities. Prior to AEye, he led marketing and product management at LiDAR companies Cepton and Velodyne. His deep experience in the LiDAR industry extends across several key markets, such as autonomous vehicles, advanced driver assistance systems, intelligent transportation systems, and security.
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KTTA | Hot Stocks08:08 EST Pasithea collaborates with musician to produce soundtracks for ketamine therapy - Pasithea Therapeutics announced that its wholly owned subsidiary Pasithea Clinics, has entered into a collaboration with the internationally renowned musician and producer DJ Carlita, to create customized music playlists to accompany patients' intravenous ketamine infusion therapy sessions. "Music has long been recognized as an integral part of psychedelic therapy, and many world-leading research centers such as Johns Hopkins and Imperial College use specific playlists in their clinical trials. We are committed to creating an optimal experience for our ketamine infusion patients as there is strong evidence to support the effect of music in improving clinical outcomes. Music and psychedelic therapy are true complements, and through our collaboration with DJ Carlita, we aim to improve the overall experience for our patients," stated Dr. Tiago Reis Marques, CEO of Pasithea Therapeutics. Carlita is a classically trained musician, graduated in cello from the Royal Academy of Music in London. She has since evolved to become a producer and DJ.
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OLK | Hot Stocks08:07 EST Psomagen partners with Olink Proteomics for multi-omics clinical studies - "Psomagen, a North American sequencing-based contract laboratory service and data analysis provider with both CLIA-certified and CAP-accredited facilities, has partnered with Olink Proteomics, which offers an innovative DNA-coupled immunoassay that identifies and quantifies protein biomarkers in clinical samples. The partnership enables end-to-end multi-omics clinical studies, a step that will enable a whole new generation of precision therapies derived from a more robust knowledge of human biology," the companies said. "This is the kind of partnership that can transform the pharmaceutical industry," said Take Ogawa, Chief Commercial Officer at Psomagen. "Today, drug developers are piecemealing together information from clinical research that is disjointed and resource-draining, but that is about to change." Olink's technology - called the Proximity Extension Assay, uses antibodies with DNA tags that when hybridized with extremely high specificity, can measure the protein profile in patient samples using next-generation sequencing and qPCR. Psomagen's 17-year history as a genomic sequencing and data analysis service provider makes it uniquely qualified to help drug developers add proteomics to their research strategies in this capacity. "Olink's technology is a natural extension of our current service offerings," said Su Hong, Ph.D., Director of Strategy Development at Psomagen. "The fact that we have CLIA-certified and CAP-accredited facilities will open new doors for trailblazers who are pushing the limits of the role proteins play in developing new therapeutics."
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LDOS | Hot Stocks08:07 EST Leidos awarded $76M prime contract to continue supporting OCSE - Leidos was recently awarded a new prime contract to continue supporting the Office of Child Support Enforcement within the Department of Health and Human Services, Administration of Children and Families. The single award contract has a maximum value of $76M and a period of performance of approximately five years if all options are exercised. Work will primarily be performed in Maryland.
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SLGG HYMTF | Hot Stocks08:07 EST Super League Gaming, Screenvision Media expand partnership - Super League Gaming (SLGG) and Screenvision Media announced the launch Super League Spotlight, an exciting multi-episode series showcasing the best in-game action, created specifically for in-theater audiences. The first installment of the series launches today in over 2000 movie theaters nationwide. Super League and Screenvision's Super League Spotlight series presents top highlights from the live stream broadcasts of popular gaming influencers within Super League's established Core Gamer and Young Gamer networks. "With an average two-minute run time, each episode of Spotlight amplifies the best and most exciting in-game moments of the past month," the company said. Hyundai (HYMTF) will serve as the initial series sponsor as part of a year-long partnership with Super League.
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VRSK BLL | Hot Stocks08:06 EST Wood Mackenzie, Ball Corp. enter satellite data analytics collaboration - Wood Mackenzie, Inc. a Verisk business (VRSK), and Ball Corporation (BLL) announced that they have signed an agreement between the two organisations to accelerate the development of advanced analytics for energy markets. The collaboration will bring together data from the world's largest private network of in-field monitors - owned by Wood Mackenzie - with satellite data analytics from Ball Aerospace, a business of Ball Corporation, to offer customers a near real-time view of the natural resources sector.
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PHRRF RVVTF | Hot Stocks08:05 EST PharmaTher announces research results from psilocybin microneedle patch - PharmaTher Holdings (PHRRF) announced that it has completed its first research study evaluating MicroDose-MN, a proprietary microneedle patch for the intradermal delivery of psychedelics, in delivering psilocybin. These results provide support to file for an IND application with the FDA to conduct Phase 2 clinical studies in 2022 with psilocybin for various indications. The aim of PharmaTher's research program was to develop a suitable prototype of MicroDose-MN patch for transdermal drug delivery to confirm compatibility and suitability to deliver psilocybin. The research program scope included, full characterization of psilocybin conjugated on the microneedle patch backbone, establishment and demonstration of the loading capacity for psilocybin, and release rate evaluations for the psilocybin conjugated materials using appropriate models that will be used to support the Company's IND application with the FDA. The Company's research program with psilocybin conjugated microneedles have been successfully fabricated, optimized, and characterized. Both structural aspects and ex-vivo skin insertion assessments of the psilocybin conjugated microneedles have demonstrated successful fabrication and acceptable performance. The incorporation of psilocybin per microneedle without issue and the ability to demonstrate complete ex vivo skin model release over several days demonstrates potential for larger doses and modified release profiles. With these results, the Company believes it has an acceptable prototype for completing IND-enabling studies with the aim to conduct clinical studies in 2022. Details of the research program will be published in a scientific journal. The Company previously announced that it has entered into a collaboration agreement with Revive Therapeutics (RVVTF) for the evaluation of the psilocybin MicroDose-MN patch and is currently in discussions with Revive in finalizing a definitive agreement to advance the clinical and commercial development. The Company believes that its MicroDose-MN(TM) patch for delivering psilocybin and other psychedelics may enable flexible drug load capacity and combinations, controlled released delivery, and be able to present desired pharmacokinetic and safety profiles. In addition, the MicroDose-MN patch for psychedelics aims to empower patients to dose their medication remotely, safely and conveniently rather than under supervision by a healthcare provider at a certified medical office or hospital. To achieve this, the Company will incorporate anti-tampering and anti-abuse features that would parallel the approach used for the tamper-resistant transdermal fentanyl patch. The Company is completing its evaluation of MicroDose-MN with 3,4-methylenedioxy-methamphetamine, lysergic acid diethylamide , and N, N-dimethyltryptamine and expects to provide results before the end of this year and pursue clinical studies in 2022. The Company is actively engaged in partnering discussions for the use of its microneedle patch system to deliver psychedelics including, but not limited to, MDMA, LSD, DMT, ibogaine and mescaline. As such, PharmaTher offers potential partners a differentiated and validated delivery system for psychedelics, desired pharmacokinetic profiles, intellectual property protection, cGMP microneedle patches for IND-enabling and clinical studies, and a clear clinical pathway towards clinical studies in 2022.
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MIR | Hot Stocks08:04 EST Mirion to acquire Computerized Imaging Reference Systems for $54M - Mirion announced the signing of a definitive agreement to acquire Computerized Imaging Reference Systems, or CIRS, a provider of medical imaging and radiation therapy phantoms serving the medical industry. CIRS specializes in the design, development and commercialization of tissue equivalent medical imaging and radiation therapy phantoms for the radiotherapy and radio-diagnostic markets. The company is headquartered in Norfolk, Virginia and serves a diverse and global customer base including medical imaging and radiation therapy OEMs, and clinicians, with approximately 80 employees. CIRS, which will be integrated into Mirion's Medical segment, expects to generate adjusted revenue and adjusted EBITDA of approximately $16M and $5M, respectively, for the calendar year 2022. In addition, Mirion expects CIRS margins to improve via synergies over time as it leverages its global platform to catalyze efficiency gains. The acquisition is anticipated to be accretive to Mirion's adjusted EBITDA margins, excluding one-time costs related to the integration. The transaction is expected to close in the fourth quarter of calendar year 2021 for a purchase price of approximately $54M, subject to the satisfaction of customary closing conditions.
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PAE | Hot Stocks08:03 EST PAE awarded USPS contract valued at $63.5M for supporting mail transport center - PAE has been awarded a contract supporting the U.S. Postal Service at the Mail Transport Equipment Service Center in Los Angeles. The contract is valued at $63.5M if all options are exercised. PAE Interim President and CEO Charlie Peiffer said "Keeping with our strategy of expanding the reach of our existing capabilities, PAE will deliver proven innovations and continuous improvement practices for the U.S. Postal Service at its Los Angeles MTESC," Peiffer said. "Our support of MTESC operations around the country position us to successfully provide key management and customer service solutions for critical USPS functions." The three-year base contract may be extended to seven years through two options and includes the processing and management of mail transport equipment used to enclose and transport mail. MTESCs throughout the United States manage and ship transport equipment to USPS and USPS customer facilities.
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NRXP | Hot Stocks07:57 EST NRx Pharmaceuticals receives FDA review of ZYESAMI manufacturing information - NRx Pharmaceuticals announced receipt of the US Food and Drug Administration's response to NRx's October 8 submission of updated manufacturing information for ZYESAMI. The completion of this review, without the imposition of any clinical hold by the FDA, enables NRx to distribute ZYESAMI, produced at commercial scale, under Good Manufacturing Practices for clinical trials and other future purposes approved in future regulatory actions. NRx looks forward to working with the FDA to complete the chemistry, manufacturing, and controls review that will ultimately be required for any potential drug approval. Prior to the COVID pandemic, ZYESAMI was never manufactured as a commercial drug for intravenous use. Between March and May 2020, NRx formulated aviptadil based on historical files and initiated an FDA-approved, phase 2b/3 clinical trial by producing ZYESAMI in an FDA-inspected 503b pharmacy. Until now, ZYESAMI was manufactured for clinical trials purposes in handmade, 300 dose batches, with a limited shelf life of 62 days. The FDA has now reviewed a GMP manufacturing process at a batch size of 10,000 - 100,000 doses with a current shelf life of 150 days and identified no basis for a clinical hold.
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SHPW DM | Hot Stocks07:51 EST Shapeways expands Desktop Metal system capacity to additional facilities - Shapeways Holdings (SHPW) and Desktop Metal (DM) unveiled a landmark partnership to offer manufacturing and engineering teams unprecedented flexibility and seamless access to industry-leading 3D printing services. Consistent with the strategic partnership the parties entered into in early 2021, Shapeways is expanding Desktop Metal system capacity and capabilities by providing customers access to these solutions at Shapeways' ISO-9001 manufacturing facilities in both Long Island City, New York and Eindhoven, Netherlands. In addition, Desktop Metal plans to leverage Shapeways' manufacturing capabilities and purpose-built software platform, Otto, to provide its customers with instant access to fully digitized, end-to-end 3D printing workflows. "We're extremely pleased to progress our partnership with Shapeways and propel the additive manufacturing industry forward," said Ric Fulop, Founder and CEO of Desktop Metal. "For customers starting their digital manufacturing journeys who may not be ready to purchase equipment of their own, Shapeways will offer instant access to Desktop Metal's comprehensive portfolio of high-speed, AM 2.0 printing platforms and rich materials library, enabling them to benefit from expedited production, reduced costs, and flexible, overflow manufacturing capacity as dictated by growing business demands."
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DPRO | Hot Stocks07:45 EST Draganfly's Vital Intelligence AI selected by Franklin County Sheriff's Office - Draganfly announced that the Franklin County Sheriff's Office in Eastpoint, Florida has selected Draganfly's Vital Intelligence Smart Vital assessment platform for its 911 Communications Center. The technology will be used to screen employees before shifts.
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IFNY | Hot Stocks07:40 EST American Noble Gas announces new advisory board - American Noble Gas announced it has entered into formed a new advisory board containing four noble gas industry members. The advisory board will provide unique guidance and experience to the Company as it evaluates its reserve potential of noble gases, specifically including helium, relative to its recently acquired 11,000-acre oil & gas properties in the Otis/Albert Field located on the Kansas Central Uplift. In addition, AMGAS would like to inform its shareholders about its expansion towards the exploration and production of natural gas, helium, and other noble gases in addition to traditional crude oil production. While we are pleased and continue to be very positive on oil production and have been working closely with the Kansas Tertiary Oil Recovery Program in proving our oil reserves we have uncovered substantial evidence to believe there is natural gas, helium and other noble gases present on our Central Kansas Properties. The Company has been and continues to test its Central Kansas Properties for the possible existence of noble gas reserves and such tests have yielded positive but as yet not conclusive results. The members of the advisory board collectively, are to receive warrants to purchase 1,200,000 common shares with an exercise price of $0.50 per share for a period of five years. The board includes Mssrs. Tom Harrison, Chris Ballentine, Jon Gluyas and Paul Mendell. Harrison is currently Vice President of Industrial Gases at Iwatani Corporation of Japan which is a leading industrial gas company in Japan. Ballentine is the Chair of Geochemistry at the University of Oxford. Gluyas is Executive Director of Durham Energy Institute at Durham University UK. Mendell developed a novel gaseous delivery technology that is being evaluated by different industries and he co-founded a company around this technology called Onza Corp. On November 5, 2021, the Company and USNG entered a Letter Agreement which covers terms and conditions under which USNG will provide consulting services to the Company for exploration, testing, refining, production, marketing and distribution of various potential reserves of noble gases and rare earth element/minerals on the Company's recently acquired Properties. The Letter Agreement will cover all of the noble gas and rare earth elements/minerals potentially existing on the approximate 11,000 acres included in the Company's Properties and future acquisitions. The Letter Agreement also provides that USNG will supply a gas extraction/separator unit which is a large vessel designed for flows up to 5,000 barrels of water per day at low pressures. It is a dewatering vessel that could be used for multiple wells in the future. USNG will also supply a gas metering device currently being installed on the Company's test well. The equipment US Noble delivers free of charge shall belong to AMGAS along with all data and proprietary information regarding gases and minerals collected. USNG will receive as consideration The Company will issue warrants to issue 2,000,000 shares of common stock at an exercise price of $0.50 for a five-year term as consideration for the Letter Agreement to the principal consultants involved with USNG. USNG will also receive a monthly cash fee equal to $8,000 per month beginning at the onset of commercial helium or minerals production and sales, subject to certain thresholds. Such monthly fees will become due and payable for any month that AMGAS receives cash receipts in excess of $25,000 derived from the sale of noble gases and/or rare earth elements/minerals. In addition to the services of Paul Mendell who is a member of the Company's Advisory Board, pursuant to the Letter Agreement,' USNG will provide AMGAS with services from the following consultants including their capacities: Brian Weaver will act as the Company's consulting stimulation engineer and assist in all well and frac designs as well as helping with preparing internal financial forecast for the company's projects. Brian is a mechanical engineer and an MBA that currently consults for Liberty Frac. Eric Anderson as professional landman will provide advice and services with respect to contracts, land acquisitions and other matters related to the company's acquisition of land and mineral rights for the exploration and development of noble gases. Both Brian and Eric will be bound by the same non-compete as the advisory board members.
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DCGO | Hot Stocks07:37 EST DocGo launches COVID-19 vaccination and testing solution for employers - DocGo launched a turnkey solution that provides employers with the tools and resources needed to comply with the COVID-19 vaccination and testing emergency temporary standard issued by the Occupational Safety and Health Administration - OSHA -. Taking effect on January 4, 2022, the ETS will impact 84 million employees. This mandate requires employers with 100 or more employees to ensure that each staff member who is not fully vaccinated is tested for COVID-19 at least weekly. Any employers that do not comply with the ETS will be faced with a maximum penalty of up to $136K per employee. The offering includes a variety of DocGo's services, such as weekly on-site COVID-19 testing and vaccinations for employees, real-time dashboards for employers, integrated daily reporting to state and CDC databases, and 24/7 medical support including at-home monoclonal antibody infusion treatment and continual checkups for positive employees.
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ABUS | Hot Stocks07:35 EST Arbutus Biopharma appoints Tram Tran to board of directors - Arbutus Biopharma announced that Tram Tran, M.D. has been appointed to the Arbutus Board of Directors effective immediately. Dr. Tran is a liver and viral specialist with over 20 years of academic and industry experience as a physician scientist. Tran currently serves as Chief Medical Officer at Glympse, a biotech company focused on optimizing disease diagnosis and monitoring.
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HCTI | Hot Stocks07:34 EST Healthcare Triangle announces appointment of Jason Polli as VP - Healthcare Triangle announces the appointment of Jason Polli as vice President, VP, Client Success for Healthcare Providers. Jason has over 23 years experience in various leadership roles in the EHR Provider technology and consulting space. Prior to arriving at HCTI, Jason held various senior leadership roles for companies such as Jacobus Consulting and ACS Healthcare Services. Jason also served as Director of Applications and Integration for The St. Joseph Health System, serving the California and West Texas markets. Jason will report to will report to Suresh Venkatachari, CEO.
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ASTL | Hot Stocks07:34 EST Algoma plans to invest C$700M in electric-arc-furnace transformation - Algoma Steel Group announced that its Board of Directors has authorized the Company to construct two new electric-arc-furnaces to replace its existing blast furnace and basic oxygen steelmaking operations. The transformation is expected to reduce Algoma's carbon emissions by approximately 70%. Following the transformation to EAF steelmaking, Algoma's facility is anticipated to have an annual raw steel production capacity of approximately 3.7 million tons, matched to Algoma's downstream finishing capacity, and is also anticipated to include new vacuum degassing capability to expand Algoma's offering of steel plate grades. The company said, "Algoma has employees and leadership with experience constructing and operating EAF steel mills in addition to downstream value-add finishing lines. Coupled with Algoma's current investments in the Direct Strip Production hot rolling mill and its modernized plate mill project, the Company believes the enhanced capabilities expected to result from the EAF transformation will position Algoma as a competitive, energy-efficient, lower environmental impact steelmaker." The Company plans to invest approximately C$700M in the EAF transformation, funded with previously announced financing commitments and the proceeds related to the Company's recently completed merger. Algoma anticipates a 30-month construction phase for the EAF facility, coming online in 2024, and expects to transition away from blast furnace steelmaking thereafter as more electric power on the grid supplying Algoma becomes available.
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ZLAB | Hot Stocks07:32 EST Zai Lab announces first patient treat with efgartigimod in Greater China - Zai Lab announced that the first patient with primary immune thrombocytopenia, ITP, was treated with efgartigimod in Greater China as part of the global registrational ADVANCE-SC Phase 3 study. The ADVANCE-SC study is a randomized, double-blind, placebo-controlled, multi-center Phase 3 trial evaluating the efficacy and safety of subcutaneous efgartigimod in approximately 156 adult patients with primary ITP. In a prior Phase 2 study1, patients treated with efgartigimod exhibited clinically meaningful improvement in platelet counts across doses and types of ITP patients, and this benefit strongly correlated with reduction in IgG levels. This data highlights the potency of efgartigimod in this difficult-to-treat disease. Efgartigimod has the potential to treat ITP in a novel way, targeting the disease at its source by eliminating autoantibodies and restoring platelet counts. Also, efgartigimod appears to be well tolerated, potentially because of its unique structure and ability to bind to the FcRn receptor.
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SLHG | Hot Stocks07:28 EST Skylight Health announces offering of Series A Preferred Shares - Skylight Health Group announced the launch of a proposed underwritten public offering of its Series A Cumulative Redeemable Perpetual Preferred Shares. The Series A Preferred Shares are entitled to cumulative dividends of 9.25% payable monthly and are redeemable by the Company, at a price of US $25.00 per share, at the Company's option any time on or after three years from closing. In connection with this offering, the Company expects to grant the underwriter a 30-day option to purchase Preferred Shares. The Company plans to contribute the net proceeds it receives from the offering to evaluating and completing possible acquisitions of clinical and medical services businesses, establishing primary care and sub-specialty services within existing facilities, including HR and capacity development, and working capital.
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BFI | Hot Stocks07:25 EST BurgerFi expects to open 18 restaurants in 2021 - The company said, "Given the challenges we are facing, along with many in the industry, with the shortages of materials and labor for construction and development, we are providing the following updates to expectations for the full year 2021: The Company plans to open approximately 18 new restaurants in 2021; the balance of the Company's prior outlook of 20 to 25 locations is expected to open in the first quarter of 2022 due to construction supply chain limitations. The Company has opened 15 additional ghost kitchens year to date. Capital expenditures are expected to be approximately $13 million for 2021 compared to prior guidance of $15 million, primarily due to the delay in construction and delivery of several corporate owned restaurant openings into next fiscal year."
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NBRV | Hot Stocks07:21 EST Nabriva Therapeutics announces availability of XENLETA in 10-count oral pack - Nabriva Therapeutics announced the oral formulation of XENLETA is now available in a 10-count oral pack in the U.S. through major specialty distributors. XENLETA is the first oral and IV treatment in the pleuromutilin class of antibiotics. XENLETA has in vitro activity and demonstrated clinical efficacy against the most common pathogens that cause community-acquired bacterial pneumonia, CABP. XENLETA has a novel mechanism of action that targets a binding site on bacterial cells that is different from existing antibiotics, resulting in a low propensity for the development of resistance, as well as a lack of cross-resistance with antibiotic classes commonly used for the treatment of CABP. "This new package size offers pharmacies an option to expand product availability in a cost-effective way to service their local patients and physicians by providing patients a convenient package that contains a complete 5-day course of oral treatment for CABP," said Ted Schroeder, Chief Executive Officer of Nabriva Therapeutics. "Our community-based sales force is excited to communicate the availability of the 10-count oral pack - or 'X' pack to their target customers."
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BITF | Hot Stocks07:19 EST Bitfarms acquires 24 MW of hydro power in the US, enters MOU to expand capacity - Bitfarms acquired a 24 Megawatt, MW, hydro power farm in Washington state, USA. To date, 4,000 Bitmain S19j Pro miners, capable of 400 petahash/second, PH/s, have already been installed under a 12 MW hosting agreement which began in July 2021 and was terminated upon the closing of the acquisition. Bitfarms plans to house approximately 6,200 Bitmain S19j Pro miners, capable of 620 PH/s, in the facility. Bitfarms has also entered into a Memorandum of Understanding, MOU, with the seller to co-develop additional farms in the area, increasing total mining capacity up to 99 MW in Washington. "Bitfarms strategy is to expand our operating footprint while maintaining cost effective production rates. By diversifying our decentralized mining portfolio, we prioritize locations with cost-effective electricity that allow for further growth and expansion," said Emiliano Grodzki, CEO of Bitfarms. "The Washington farm meets all these criteria. With this acquisition, we enter the United States and continue our global expansion to 10 farms in operation or under development in four countries. The initial 24 MW acquisition will increase our total mining capacity to 106 MW and boost our total hashrate as additional miners are installed." Bitfarms purchased the 24 MW of infrastructure in Washington, with a dedicated cryptocurrency mining operation powered by low-cost green hydro power, for total consideration of $26M: $23M in cash and $3M in common shares based on a price of $7.17, for a total of 414,508 shares. Bitfarms entered into a hosting agreement for 12 MW with the seller in July 2021, and installation of miners and production has taken place since that time. This transaction replaces and results in the termination of Bitfarms' only hosting agreement.
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INAB | Hot Stocks07:17 EST In8bio to present preclinical data for gamma-delta T-cell therapy combinations - IN8bio announced a poster presentation of preclinical data demonstrating the potential of its cellular therapies in combination with Poly polymerase, PARPi, and checkpoint inhibitors, which may enhance the recognition and killing of cancer cells by its DeltEx drug resistant immunotherapy, DRI, gamma-delta T cells. Kate Rochlin, Ph.D., Vice President, Operations and Innovation at IN8bio, will present on the potential uses of such therapeutic combinations to drive tumor immunogenicity in the solid tumor setting at the 36th Annual Meeting of the Society for Immunotherapy Conference, SITC. Dr. Rochlin will present work that has been conducted as part of a collaboration with the Hjelmeland Laboratory at the University of Alabama at Birmingham, which demonstrated that chemotherapy, in this case temozolomide plus PARPi increases expression of stress ligands on solid tumor cell lines in vitro. In some cell lines up to a 29x increase in mRNA expression of NKG2DL was observed. Increases were seen in both classical and proneural human glioblastoma lines as well as in SB28 cells. SB28 is a treatment and checkpoint resistant glioma cell line used in syngeneic mouse models that is thought to closely resemble treatment responses of human tumors. This suggests that gamma-delta T-cell therapy could be enhanced through the use of orthogonal therapeutic combinations that drive increased tumor cell immunogenicity.
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BGRY | Hot Stocks07:16 EST Bealls selects Berkshire Grey's advanced robotic solutions for fulfillment - Berkshire Grey announced that Bealls, Inc., has selected BG Robotic automation systems to handle expanding merchandise categories and fulfill orders quicker. The AI-enabled systems will help Bealls increase the processing capacity and throughput needed to meet surging customer demand.
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BXRX | Hot Stocks07:15 EST Baudax Bio announces clinical program update for NMBs BX-1000, BX-2000, BX-3000 - Baudax Bio announced a clinical program update for its neuromuscular blocking agents, NMBs, including completion of a dose-escalation study evaluating BX-1000 in healthy volunteers. Baudax's proprietary NMBs are BX-1000, an intermediate duration NMB, BX-2000, an ultra-short duration NMB, and BX-3000, a reversal agent that rapidly reverses the effects of BX-1000 and BX-2000. Used together, these agents to allow a very rapid induction of neuromuscular blockade for surgical settings, followed by a rapid reversal of the neuromuscular blockade. BX-1000: A total of 58 subjects participated in a dose-escalation study evaluating, BX-1000. Per FDA guidance and feedback, the evaluation of BX-1000 was conducted in healthy volunteers who had already undergone endotracheal intubation while under general anesthesia. After intubation, subjects received a single IV bolus dose of BX-1000 and were monitored. Overall BX-1000 was generally well tolerated through the dosing range tested. Muscle paralysis was rapidly achieved along with complete spontaneous recovery. Baudax is preparing the clinical study report for this dose-escalation study and expects to submit it to FDA early in the New Year. Meanwhile Baudax is finalizing plans to proceed to the next study in surgical patients that is expected to commence by about mid-year 2022. BX-2000: BX-2000, an ultra-short acting NMB which began dosing this month. Baudax expects to submit the report for this toxicology study for BX-2000 to the FDA during the first quarter of 2022. BX-3000: BX-3000 was designed to induce chemical cleaving of BX-1000 and BX-2000. Baudax expects to initiate the clinical program for BX-3000 during late 2022.
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BGRY | Hot Stocks07:14 EST Berkshire Grey secures $36M in new orders - Berkshire Grey announced that it recently secured new orders of $36M representing $25M in repeat orders from a blue-chip anchor customer and $11M from new customers. These orders increase the Company's total orders to-date to $184M and increase backlog to its highest level yet to $113M. The $25 million order represents yet another follow-on order for tens of solutions to be installed in different locations, with many more locations anticipated for future orders.
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TPR | Hot Stocks07:13 EST Tapestry CEO says 'revenue trends accelerated compared to pre-pandemic levels' - Joanne Crevoiserat, CEO of Tapestry, said, "We delivered another quarter of solid performance, reflecting strong customer engagement and increased demand for our brands. Importantly, revenue trends accelerated compared to pre-pandemic levels driven by North America, as well as continued growth in Digital and China - two key drivers of long-term opportunity. Tapestry's standout results highlight our teams' extraordinary execution and the foundational changes we've made to transform into a more consumer-centric, data-driven, and responsive organization through the pillars of our Acceleration Program. Overall, this performance reaffirms our conviction in our ability to fuel continued revenue and profit gains. While supply chain challenges persist due to the global pandemic, we're remaining agile and taking deliberate actions to meet growing consumer demand. The incremental share repurchase program announced today further underscores our confidence in the strength of our brands and our ability to drive sustainable growth. Taken together, we are increasing our revenue and EPS outlook for the fiscal year, reflecting our first quarter performance and strong underlying business trends. We remain sharply focused on accelerating growth and profitability and are committed to creating value for all stakeholders."
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ONCR | Hot Stocks07:12 EST Oncorus announces exclusive licensing agreement with Gaeta Therapeutics - Oncorus announced that it has signed an exclusive licensing agreement with Gaeta Therapeutics, related to the use of locally delivered Interleukin-12, IL-12, via oncolytic viral expression in combination with immune checkpoint inhibitors, including CTLA-4, PD-1 or PD-L1 checkpoint blockade. Gaeta Therapeutics was founded by the University of Zurich in 2017 as a vehicle for the commercialization of its immune-oncology patent estate relating to the use of IL-12 in combination with checkpoint inhibitors in the treatment of cancer. "Known to activate and expand CD8, CD4 TH1 and natural killer cells, IL-12 is a transgene of notable interest in the immune-oncology space. IL-12 in combination with immune checkpoint blockade has demonstrated the ability to augment treatment response in certain patients versus immune checkpoint inhibitor treatment alone," said Theodore Ashburn, M.D., Ph.D., President and Chief Executive Officer at Oncorus. "IL-12 is one of five immunomodulatory payloads in our lead viral immunotherapy product candidate, ONCR-177. This agreement with Gaeta is a strategic addition to our IP portfolio as we continue to advance ONCR-177 as a potential new therapeutic option for cancer patients, including in combination with pembrolizumab and other immunotherapies." Under the terms of the agreement, Gaeta will receive an upfront payment of $0.2M and is eligible to receive up to $7.5M in potential clinical and regulatory milestone payments on a product-by-product and indication-by-indication basis. Being developed for multiple solid tumor indications, ONCR-177 is an intratumorally administered oncolytic Herpes Simplex Virus-based viral immunotherapy engineered to induce immunogenic cancer cell death and ignite innate and adaptive immunity to drive a lasting and systemic anti-tumor response.
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GMDA | Hot Stocks07:12 EST Gamida Cell delays omidubicel BLA submission to FDA till 1H22 - Gamida Cell completed a Type B Pre-Biologics License Application BLA meeting with the U.S. Food and Drug Administration FDA for omidubicel, a potentially life-saving treatment for patients with blood cancers in need of stem cell transplant. The FDA requested that Gamida Cell provide revised analysis of the manufacturing data generated at Gamida Cell's wholly-owned commercial manufacturing facility to demonstrate the comparability to the omidubicel that was produced at the clinical manufacturing sites for the Phase 3 study. The FDA did not request additional clinical data to initiate the BLA submission once analytical comparability is demonstrated. The company will continue to work collaboratively with the FDA and anticipates submitting the BLA in the first half of 2022 in lieu of the company's previous plan to submit the BLA by the end of 2021. "Despite the delay in timing to bring omidubicel to patients after a potential FDA approval, we are encouraged by the FDA's reaction to our Phase 3 data as the pivotal trial of omidubicel. We have gained further clarity with the FDA on the requirements for demonstrating comparability for our commercial manufacturing facility," said Julian Adams, Ph.D., Chief Executive Officer of Gamida Cell. "With the FDA's feedback in hand, we believe that we are one step closer for omidubicel to be made available to patients in need."
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CTEK | Hot Stocks07:10 EST CynergisTek enters one-year vendor security management service agreement - CynergisTek announced a one-year vendor security management service agreement with a nationally recognized children's hospital with multiple locations. The healthcare industry relies on third-party vendors to deliver a wide range of goods and services from cleaning services to cloud storage, Software-as-a-Service providers, and consultants. To provide fundamental support for patient care delivery, many of these vendors, also known as Business Associates, have access to an organization's network through API connections or share critical information including protected health information.
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SIOX | Hot Stocks07:10 EST Sio Gene successfully manufactures three GMP batches of AXO-Lenti-PD - Sio Gene Therapies provided a manufacturing and regulatory update for AXO-Lenti-PD, its clinical-stage gene therapy for Parkinson's disease. Key Highlights: Three GMP batches have successfully completed fill and finish, achieving target titers using the updated suspension-based process; the company is on-track to complete final testing of these three batches to support certification of at least one batch for use as clinical trial material by a Qualified Person in Q4 2021; the Company successfully completed a scientific advice meeting with the Medicines and Healthcare Products Regulatory Agency, MHRA, in the U.K. regarding the AXO-Lenti-PD clinical development program. The MHRA provided guidance on the appropriate development pathway for completion of the Phase 1 dose-ranging study, acceptability of a comparability protocol between the prior adherent and new suspension manufacturing process, and new device administration system to support bilateral simultaneous infusions; and expects to provide a program update in Q1 2022
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TRVN MRK | Hot Stocks07:08 EST Trevena appoints Patricia Drake as CCO, Yoder as CBO - Trevena (TRVN) announced the addition of Patricia Drake to its senior leadership team as Chief Commercial Officer, CCO. Drake has held numerous U.S. and global commercial roles in marketing, sales, and strategy. At Merck (MRK), she served as Managing Director and CEO of Merck, Sharp & Dohme Finland, Leader of U.S. Market Operations and Strategy Realization, and Hospital Business Unit Leader in Canada. In addition, Bob Yoder will take on the role of Chief Business Officer, CBO, and Head of Commercial Operations where he will work closely with Drake on the OLINVYK launch as well as market development activities related to the Company's advancing pipeline.
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ALKS | Hot Stocks07:06 EST Alkermes says first patient dosed in Phase 1 study of ALKS 1140 - Alkermes announced dosing of the first subject in a phase 1 study evaluating the safety and tolerability of ALKS 1140 in healthy adults. ALKS 1140 is a novel, investigational CoREST-selective HDAC inhibitor candidate for the treatment of neurodegenerative and neurological disorders. ALKS 1140 is designed to increase functional synaptic connections and synaptic integrity in the brain.
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LOVE | Hot Stocks07:06 EST Lovesac appoints Mary Fox as COO, Jack Krause as CSO - The Lovesac Company announced additions to its leadership team intended to drive the Company's growth strategy. Mary Fox, a director of the Company's Board since February 2020, has been appointed as President and COO, and Jack Krause, currently President and COO, has been appointed as CSO. Both appointments are effective November 15, 2021. In conjunction with the announcement, Ms. Fox will step down from the Board of Directors and Mr. Krause has been elected a director of the Board. As a result, the number of directors will remain seven. Since 2018, Ms. Fox served as General Manager for North America Consumer Products at BIC.
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CRL | Hot Stocks07:06 EST Charles River promotes Birgit Girshick to COO - Charles River announced that Birgit Girshick has been promoted to the position of COO, effective immediately. In her most recent role as corporate executive VP, Girshick has been responsible for oversight and leading the strategic direction of the Discovery Services, Safety Assessment, and Biologics Solutions businesses. She has also been overseeing the integration of the Cognate BioServices and Vigene Biosciences acquisitions, as well as the future growth strategy for the company's Cell and Gene Therapy CDMO business. In her new role as executive VP and COO, and in addition to her current responsibilities,
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SSTK MDP | Hot Stocks07:05 EST Shutterstock names Meghan Schoen as Chief Product Officer - Shutterstock (SSTK) announced the promotion of Meghan Schoen to Chief Product Officer. As CPO, Schoen will spearhead the development and execution of Shutterstock's product vision. She will focus on strengthening the Company's portfolio of content, services, application, and data business lines, and help the team to bring to market new and innovative products to meet evolving customer needs and demands. Prior to Shutterstock, Schoen served as VP, Product Management at Meredith (MDP) where she drove the consumer product vision, strategy, and execution for all Meredith and legacy Time brands.
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CGEN BMY | Hot Stocks07:04 EST Compugen expands collaboration with Bristol-Myers - Compugen (CGEN) announced that Bristol Myers Squibb (BMY) completed its $20M investment in Compugen in consideration for the issuance of 2,332,815 shares of Compugen purchased at $8.57333 per share, representing a 33% premium over the closing price on November 9. As part of the expansion of the collaboration, a joint steering committee has been formed to facilitate strategic oversight and guidance for the programs run under the collaboration. This will run alongside the existing joint development committee which acts at an operational level.
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SLGL | Hot Stocks07:03 EST Sol-Gel Technologies sees cash, cash equivalents funding operations through 2023 - As of September 30, 2021, Sol-Gel had $43.3 million in cash, cash equivalents and deposits, and $2.2 million in marketable securities for a total balance of $45.6 million. As a result of the company's agreements with Galderma regarding EPSOLAY and TWYNEO and the Agreement with Padagis, the Company expects that its cash resources will enable funding of operational and capital expenditure requirements through the end of 2023, assuming Epsolay is approved in 2021.
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ANIP | Hot Stocks06:59 EST ANI Pharmaceuticals receives FTC clearance for acquisition of Novitium Pharma - ANI Pharmaceuticals announced that the U.S. Federal Trade Commission has accepted the proposed consent order in connection with ANI's definitive agreement to acquire Novitium Pharma. The divestitures required by the FTC of development rights to one generic drug and assets with respect to another generic drug are immaterial to the company's business. The acceptance by the FTC satisfies all required antitrust clearances needed to be obtained for the acquisition of Novitium Pharma by ANI. The closing of the acquisition remains subject to other customary closing conditions set forth in the purchase agreement. ANI currently expects that the acquisition will be completed on or about November 18.
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DG DASH | Hot Stocks06:57 EST Dollar General, DoorDash partner to deliver household essential items - Dollar General (DG) announced a partnership with DoorDash (DASH) to offer on-demand delivery of household essential items, including food, snacks, cleaning supplies, and more, at everyday low prices customers trust Dollar General to provide. Consumers can browse and order products for same-day delivery through DoorDash's marketplace app or website with no time slot or minimum order size required. In celebration of the partnership, starting November 11 through November 24, customers can get 30% off their first Dollar General order, where the subtotal is $20 or greater, with code DOLLAR (up to a total of $20 off).
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TPR | Hot Stocks06:53 EST Tapestry announces new $1B share buyback authorization - Given Tapestry's first quarter results, robust balance sheet, significant free cash flow generation, and outlook for growth, the company's Board of Directors approved an incremental $1B share repurchase program. As a result, Tapestry now expects to return approximately $1.25B to shareholders in Fiscal 2022, a meaningful increase from the previous outlook.
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TXMD BNTX | Hot Stocks06:52 EST TherapeuticsMD says Hugh O'Dowd to succeed Robert Finizio as CEO - TherapeuticsMD (TXMD) announced key leadership changes, including the appointment of Hugh O'Dowd, the company's current President, as the company's CEO and member of the board of directors. O'Dowd will succeed Robert Finizio, the company's Co-founder and current CEO, effective on or before December 31. Finizio will continue with the company and has been appointed Vice Chair of the Board of Directors. O'Dowd previously served as President, CEO, and member of the Board of Directors of Neon Therapeutics, a clinical-state immuno-oncology company until its acquisition by BioNTech (BNTX) in May 2020.
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MRK | Hot Stocks06:49 EST Merck initiates Phase 3 study evaluating VERQUVO - Merck announced the initiation of VICTOR, a pivotal Phase 3 randomized, placebo-controlled cardiovascular clinical trial of VERQUVO in patients with chronic heart failure and reduced ejection fraction of 40% or less who have not had a recent worsening heart failure event. Recruitment for the VICTOR trial has begun. The study is slated to enroll approximately 6,000 adults with chronic heart failure and reduced ejection fraction who have not been hospitalized for heart failure for 6 months or received outpatient IV diuretic use within 3 months prior to randomization. The primary efficacy endpoint is the time to first event of cardiovascular death or hospitalization for heart failure.
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TPR | Hot Stocks06:46 EST Tapestry announces new $1B share buyback authorization
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DRIO | Hot Stocks06:45 EST DarioHealth announces three new contracts - DarioHealth announced that it has contracted with two new employers and a new provider partner channel to provide the company's digital therapeutic solutions beginning in Q1. Dario's multi-chronic digital therapeutics platform includes programs for diabetes, pre-diabetes, hypertension, weight management, musculoskeletal and behavioral health integrated across one AI-driven behavior change engine. This single platform approach ensures participants in any program receive holistic digital and live behavior change support informed by data from the more than 208,000 users across all solutions to encourage lasting changes. The new employer clients include a southwest regional employer in the health care industry contracting for behavioral health, and a midwestern employer in the food industry contracting for behavioral health with Employee Assistance Programs. The new provider contract gives Dario access to a wide range of providers through a unique strategic partnership that will launch with Dario's Remote Patient Monitoring solution for hypertension in one practice in California, before expanding access to additional practices throughout 2022.The diversity of the conditions across the three contracts further demonstrates the power of having a multi-condition platform.
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HGEN | Hot Stocks06:38 EST Humanigen to support Phase 2/3 study to evaluate lenzilumab - Humanigen announced it plans to support a Phase 2/3 study to evaluate lenzilumab for the early treatment of acute graft versus host disease following allogeneic hematopoietic stem cell transplantation in collaboration with IMPACT, a world class accelerated trial network delivering innovative research for stem cell transplant patients in the UK. IMPACT delivers innovative research in partnership with the British Society of Blood and Marrow Transplantation and the University of Birmingham's Cancer Research UK Clinical Trials Unit. The safety run-in component of the RATinG study is anticipated to be completed in 2022. The study is partially funded by IMPACT with Humanigen providing lenzilumab and the remaining funding for the study.
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OGN | Hot Stocks06:37 EST Organon CEO says YTD results 'very much in line with expectations' - "Just months after becoming a standalone company, we are delivering on what we set out to do. Our year to date results are very much in line with expectations, and with good visibility into the remainder of the year, we are affirming our financial guidance," said Kevin Ali, Organon's CEO. "Importantly, we have also been disciplined in actioning business development opportunities that have been in the works well prior to spin. Including today's announcement regarding the proposed acquisition of Forendo Pharma, we have executed three transactions in the last six months, demonstrating our commitment to advance innovation in large, underserved markets, which women's health has lacked for decades."
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OB | Hot Stocks06:35 EST Outbrain sees 2021 adjusted EBITDA $87.5M-$88.5M
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OB | Hot Stocks06:34 EST Outbrain sees Q4 adjusted EBITDA $22.5M-$23.5M - Sees Q4 ex-TAC gross profit $74.5M-$76.5M.
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AZRE | Hot Stocks06:32 EST Azure Power receives LOA for ISTS connected wind-solar hybrid power project - Azure Power announced that it has received the letter of award, or LOA, for its first 150 MW ISTS connected wind-solar hybrid power project with Solar Energy Corporation of India, or SECI, to supply power for 25 years at a fixed tariff of INR 2.35 per kWh. The project is part of the 1,200 MW ISTS Hybrid Tranche - IV tender from SECI and will entail setting up of 100 MW of solar and 50 MW of wind capacity within a period of 18 months from the signing of power purchase agreement, or PPA. It may be noted that the LOA is currently subject to the final decision of the Hon'ble High Court of Delhi at New Delhi in the writ petition filed by Renew Ushma Energy Vs SECI & others in the matter of e-Reverse auction in the tender.
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OGN | Hot Stocks06:32 EST Organon to acquire Forendo Pharma for up to $954M - Organon and Forendo Pharma announced that the companies have entered into a definitive agreement, under which Organon will acquire Forendo, a clinical-stage drug development company focused on novel treatments in women's health. Forendo is pioneering the science of intracrinology, addressing disease through a novel, tissue-specific approach. Its lead clinical compound is an investigational, potentially first-in-class oral 17beta-hydroxysteroid dehydrogenase type 1 inhibitor in early clinical development for endometriosis, being evaluated for its potential effect on endometriotic lesions. Consideration for the transaction includes a $75M upfront payment, assumption of approximately $9M of Forendo debt, payments upon the achievement of certain development and regulatory milestones of up to $270 million and commercial milestones payments of up to $600M, which together could amount to total consideration of $954M. Completion of the transaction is subject to review under the Hart-Scott-Rodino Antitrust Improvements Act and other customary conditions. The transaction is expected to close in December.
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QUOT | Hot Stocks06:21 EST Quotient Technology adopting tax benefits preservation plan - Quotient has unanimously adopted a tax benefits preservation plan to protect the company's ability to use its net operating loss carryforwards - NOLs - and other tax assets. The company estimates that it currently has $285M-$290M of federal NOLs available to offset future taxable income. These NOLs are available to reduce the company's future federal income tax expense. The purpose of the Plan is to protect the company's ability to use these tax assets, which would be substantially limited if the company experienced an "ownership change", which occurs if the percentage of the company's stock owned by one or more of its "5-percent shareholders" increases by more than 50 percentage points over a rolling three-year period. The company will issue one preferred share purchase right for each outstanding share to stockholders of record at the close of business on November 24. Stockholders are not required to take any action to receive the rights. The company intends to submit the Plan to a vote of its stockholders at its 2022 annual meeting of stockholders or else by November 11, 2022. Under the Plan, the rights generally become exercisable only if a person or group acquires beneficial ownership of 4.9% or more of the outstanding shares of company common stock in a transaction not approved by the Board. In that situation, each holder of a right will be entitled to purchase additional shares of common stock at a 50% discount.
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GRVY | Hot Stocks06:08 EST Gravity says 'Ragnarok Origin' officially launched in U.S., Canada on Nov. 10 - Gravity announced that Ragnarok Origin, a MMORPG mobile game, has been officially launched in the United States and Canada on November 10. Ragnarok Origin, previously released in South Korea and Japan, started services with over 700,000 pre-registered accounts from August 10 with enormous expectations. On the launching day, the game ranked as the second in free download of Google Play in the United States.
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YETI | Hot Stocks06:06 EST Yeti CEO says continues to see 'robust demand for our brand' - Matt Reintjes, President and CEO, commented, "YETI's third quarter results continue to reflect robust demand for our brand. We delivered net sales growth of 23% on top of an exceptional 29% growth in the prior year's period, powered by our innovative product portfolio with balanced performance across our channels and categories. Profitability remained strong amidst accelerating and wide-spread inflationary pressures, supporting better-than-expected earnings per share growth for the period." Reintjes concluded, "We are focused on building on the strong momentum in our business through the holidays and well into the future. While we are not immune to the confluence of supply chain disruptions and cost pressures that are pervasive in the market, our team's ongoing execution has supported our ability to once again raise both our top and bottom line outlooks for the year. As we continue to move forward in this challenging environment, we remain highly committed to both actions and continued investments that will position YETI for both near- and long-term sustainable growth."
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CLNE BP | Hot Stocks06:05 EST Clean Energy, BP broaden RNG joint venture - Clean Energy (CLNE) and BP (BP) announced that its renewable natural gas joint venture will build on previously announced plans to finance and develop new projects at dairy farms, starting in the Midwest. Located in South Dakota and Iowa, the dairy farms, with more than 30,000 cows, have the estimated potential to convert the methane produced from waste into more than seven million gallons of RNG annually. Dynamic Holdings will oversee construction and develop and operate the facilities following the execution of an agreement with the joint venture to execute multiple phases of dairy RNG projects. The first RNG production facility is expected to be operational in 2022.
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TRMR | Hot Stocks06:04 EST Tremor International sees 2021 adjusted EBITDA at least $149M - Sees 2021 contribution ex-TAC $298.4M.
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TSLA | Hot Stocks06:04 EST Tesla Model 3 was traveling 90 mph before fatal September crash, says NTSB - A preliminary report from the National Transportation Safety Board determined that a Tesla Model 3 involved in a fatal crash in Coral Gables, Florida in September was traveling 90 mph in a 30 mph zone. The vehicle was traveling in a residential area before it crashed into two trees and caught fire. The EDR data showed that the Model 3's accelerator pedal had been applied during the incident, and the service brake also remained off. "Preliminary evaluation of the data indicated that application of the accelerator pedal ranged from 0 to 100%, the service brake remained off, and the maximum recorded vehicle speed was 90 mph," the NTSB's preliminary report noted. Reference Link
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TRMR | Hot Stocks06:03 EST Tremor International sees Q4 adjusted EBITDA at least $42M - Sees Q4 contribution ex-TAC $85M.
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FFIE | Hot Stocks05:32 EST Faraday Future receives COO for California manufacturing plant - Faraday Future announced that it received the Certificate of Occupancy, or COO, for the major manufacturing area of its Hanford, California manufacturing plant, delivered by Francisco Ramirez, Mayor of Hanford. The completed portion of the plant will be used to assemble the final group of pre-production builds of the FF 91 EV. The company said, "The first COO opens the gates for FF employees to build additional pre-production vehicles for final testing and validation before production officially begins. Previously, only construction-related resources and personnel were able to work out of the facility. The Hanford plant will be a state-of-the-art facility that uses leading-edge automated production processes and highly skilled craftsmanship to rival the top luxury automakers of the world. FF is also ramping up hiring at the plant, as well as across more functions such as engineering, supply chain, design, marketing, brand, sales and other areas."
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MT | Hot Stocks05:30 EST ArcelorMittal expects ex-China ASC to grow 12%-13% - The company said, "Based on year-to-date growth and the outlook for the remainder of the year, ArcelorMittal expects world ex-China apparent steel consumption ("ASC") to grow within the +12% to +13% range presented at the half year results in July 2021. Due to weakening real demand in China, primarily due to real estate, our China ASC estimate is weaker than previously forecast. ArcelorMittal now expects a slight contraction in Chinese apparent steel demand in 2021. However, the impact on ex-China steel markets is expected to be limited given that strict production constraints are expected to lead to lower Chinese net exports in the second half of 2021 overall as compared to the first half of 2021."
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ESLT | Hot Stocks05:17 EST Elbit Systems awarded $74M in contracts from Republic of Korea Air Force - Elbit Systems announced that it was awarded contracts in an aggregate amount of approximately $74M from the Defense Acquisition Program Administration of the Ministry of National Defense of the Republic of South Korea, to supply a range of airborne munitions as part of the Precision Fires Program of the Republic of Korea Air Force. The contracts will be performed over a five-year period.
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J | Hot Stocks05:15 EST Jacobs wins two Czech Republic nuclear contracts - Jacobs has won two new contracts to support the Czech nuclear sector with radioactive waste management services. National utility CEZ has selected Jacobs' SIAL geopolymer encapsulation technology to safely solidify 250 metric tons of low and intermediate-level radioactive sludge at the Dukovany Nuclear Power Plant. Jacobs will treat the sludge, currently held in storage tanks at the plant, and encapsulate it in 200-liter drums ready for transport to long-term storage. The work, carried out at a specially assembled on-site unit, is expected to take five years. On another front, SundefinedRAO, the Czech Republic's Radioactive Waste Repository Authority, has appointed Jacobs to a safety assessment and technical advice framework for its planned deep geological repository. Last December, the Czech government approved a shortlist of four potential locations for the repository together with a schedule calling for the site to be selected by 2030 and operational by 2065. This contract complements Jacobs' work supporting radioactive waste repositories in the U.K., Finland, Sweden and Belgium.
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INZY | Hot Stocks05:13 EST Inozyme enters pact with Genomenon to advance diagnosis of rare diseases - Genomenon announced a partnership with Inozyme Pharma to make information readily accessible to genetic testing labs and clinicians. This information will help inform diagnosis and thus treatment decisions in patients with ENPP1 Deficiency, a rare disease also known as generalized arterial calcification of infancy, or GACI, or autosomal recessive hypophosphatemic rickets Type 2, or ARHR2. To help inform and accelerate the diagnosis for patients of all ages with this disease, Genomenon produced a variant landscape for ENPP1 Deficiency. This AI-driven genetic dataset, along with information on available clinical trials and therapies, has been made available to doctors, researchers, and clinicians through Genomenon's Mastermind Genomic Search Engine.
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